Gold miner Agnico Eagle has moved to consolidate its holding in the Val d’Or mining camp, Quebec, with a C$26-million offer for Toronto-based exploration company Alexandria Minerals.
The acquisition will allow Agnico Eagle to consolidate an additional 14 819 ha of mining claims that cover about 35 km of strike length along the Cadillac-Larder Lake. Three of Alexandria’s properties – Orenada, Akasaba and Sleepy – collectively contain historical inferred mineral resources of 526 702 oz of gold and indicated mineral resources of 448 654 oz.