Quick Facts
- Located in the prolific Abitibi region in Quebec, approximately 25 km to the south of the town of Matagami
- Potential to produce 40,000 ounces of gold per year at steady state production
- Good prospects for reserve growth through exploration
- According to an NI 43-101 report, dated December 31, 2011, the project is estimated to have 354,100 contained ounces of gold in the measured and indicated categories and 74,300 contained gold ounces in the inferred category
- Well positioned to be a steady contributor of cash flow
The Vezza gold mine is located in the prolific Abitibi region in Quebec, approximately 25 kilometres to the south of the town of Matagami. The Vezza property consists of 49 contiguous mining claims covering a surface area of 691.1 hectares in Vezza and Noyon townships. The Vezza property claims were acquired by NAP in 2010 and are 100% owned by the Company.
The Vezza property consists of an underground mine with shaft access (to a current depth of 740 metres below surface), including substantial underground and surface infrastructure. The deposit was historically subject to extensive exploration and development work, which NAP continued at an aggressive pace during 2011 to ramp up to production.
With stable gold production during a favourable gold price environment, a secured workforce, and good prospects for reserve growth through exploration, Vezza is well positioned to be a steady contributor of cash flow for many years.