The Larder Project is situated in the Abitibi Greenstone Belt.
Larder hosts three
gold zones along 8.5 km of
the Cadillac-Larder Break (the “Break” or “CLB”).
- One of the world’s best gold regions where 200 million oz. of gold have been produced, Larder lies in a mining-friendly jurisdiction with a very long history of mining.
- First Nation agreements are in place, with positive ongoing dialogue.
- No significant environmental legacies are known and infrastructure (including electrical, gas, highway, water) and access are excellent.
- Exploration costs in this region are relatively low and experienced labour is readily available in the area.
- Permitting is streamlined, predictable and many newly identified targets can be drilled from existing permitted pads.
Exploration Snapshot
3374
hectares
8.5km
along Cadillac-Larder Break (CLB)
Multiple
mines in the region
20
of 1st, 2nd & 3rd order structures
Experienced
exploration team
Infrastructure
extensive and accessible
Drilling
in progress
MAG's Progress at Larder
2022
Q2 MAG takes ownership of Larder Project.
Comprehensive data review and drilling campaign at Larder; focused below and lateral to mineralization shoots indicated by historical shallow drilling.
10 Holes Drilled (10,484 metres)
Along the Cadillac-Larder Break at depth and to the Bear East zone of the project.
Proved Geological Ingredients at Depth
Strong structures in favorable rock types verified at depths never recorded in the project’s history.
Positive Assay Results
Assay results extended the Bear East zone.
1H 2023
C$23MM flow-through financing proceeds to fund further testing of known zones and generate new high-priority targets.
Swansea Zone Drill Program
Holes tested geophysical anomalies coincident with the Cadillac-Larder Break and reached the target structure intercepting up to 50m of alteration.
New Targets Identified
Gold mineralization was encountered in six of seven drillholes the 730 m strike length in green/brown carbonate altered komatiites, syenites and strongly altered mafic volcanics. The altered komatiites in this area at Swansea were never encountered in historical drill programs and are now the focal point of future targeting.
2H 2023
A comprehensive review of all past drilling plus new geotechnical work, geophysical survey deployment, field sampling and mapping drove the creation of new 3D models for more precise drilling. The GPP is an evolving study at Larder that will continue to dive deep into areas that have been overlooked in the past and further advance current phases of exploration.
Target Generation
Following the completion of geophysical surveys and interpretation of stripped outcrops, a large pipeline of targets for 2024 has been generated.
Exploration Drilling
Drilling tested the Cheminis mine trend at depth and the Bear East zone. Initial results from both zones look successful, with a number of assays pending.
2024
Further geophysical surveys and exploration programs designed to generate additional drill targets.
Ongoing Exploration
Drilling is ongoing with two rigs testing targets based on new models derived from the comprehensive review:
- Depth extensions at the Cheminis mine trend
- Bear Central and East Zones below high-grade intersections
- Fernland Zone down plunge towards Cheminis
- Regional high-priority targets
Exploration Profile
The Larder property includes several known shear-hosted (“orogenic”) gold mineralization centres located along approximately 8.5 km of strike length of the greater than 250 km long Break, a highly-productive regional first-order shear structure.
Unlike in many other shear-hosted gold deposits, mineralization occurs along the Break as concentrated ore shoots along the major first-order structure as well as on related second or third-order structures. A historic shallow exploration focus at Larder means mineralization is largely untested at depths >500m where most deposits in the region blossom.
Larder Cross Section
Larder Project Area
