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Malarctic
Malarctic
Surface : 45,6 hectares
Number of claims : 2
Percentage held by Augyva : 100 % - since 1986
Location of the property : The Malartic property is located 8 km north-west of the city of Malartic in Abitibi in the province of Quebec (Canada). The property is easily accessible by road 117 North, linking Val d’Or to Noranda.
Commodity : Gold (Au)
Geological Environment : Central Part of the Abitibi Greenstone Belt
Previous work
In 1987, 9 holes have been drilled in order to intercept at depth a shear zone associated gold-quartz veins. The best gold intersection is 6.85 g/t Au in 1m along the hole. A grab sample assayed 21.12 g/t Au (Rioux 1988). Gold is frequently freely distributed in quartz veins combined with chalcopyrite, pyrites and arsenopyrite.
Perspective
The Malartic Property is surrounded by gold producer Agnico-Eagle. Even though the property is located in a part of the Abitibi region where numerous mining companies are actively exploring or are in production, Augyva does not plan to conduct any work on this property in the foreseeable future.

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