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Reserves / Resources

Sigma-Lamaque, Bourlamaque Township

Century’s prime area for exploration in Canada is the Sigma-Lamaque Complex and the claims that abut the mine on the east side. The Sigma and Lamaque mines both operated underground for most of the last century and produced a total of approximately 9.4 million ounces. The underground mines were closed as a result of low gold prices in the 1990s. An open pit was later developed by McWatters Mining Inc. on the crown pillar of the Sigma mine and is being operated by Century today.

In addition to the underground program, the West Plug deposit is situated on the Lamaque property and was the subject of Century’s 2005 exploration drill program. Reserves and resources are currently being calculated on this deposit and will be included in Century’s reserve statement at year-end.

Bourlamaque Township Exploration Properties

Century has a total of 8.4 km2 of exploration properties in Bourlamaque Township. The properties are either contiguous with or in close proximity to the east side of the Sigma-Lamaque mine property. These claims cover the eastern extension of the mine mineralized zone, which has a strong east-west orientation parallel to the Larder Lake-Cadillac break.

The strong east-west structures, diorite plugs and dykes, which localize the mineralization at Sigma-Lamaque, continue onto these claims and host known mineralization similar to that on the Sigma property. Evidence of this is given by exploration drilling on the property which has produced intersections of similar width and grade to that mined at the Sigma mine. The historic intersections grading greater than 3 g/t gold are given in the tables below. The true width of the intersections is not known.

Central Diorite

Historic Intersections > 3 g/t gold

Hole ID

Intersection (m)

Value (g/t Au)

NB-83-21

0.70

42.10

NB-83-46

0.7

14.10

NB-83-46

0.6

18.10

NB-83-46

0.9

3.00

NB-83-46

0.6

50.70

NB-83-46

1.2

8.65

NB-83-47

0.6

8.7

U-83-19

0.5

54.50

U-83-19

0.80

13.40

U-83-27

0.50

19.00

U-83-28

0.50

17.30

U-83-57

1.00

10.80

U-83-60

0.50

5.00

C-9

0.33

4.46

1369134

0.80

4.30

 

Southern Diorite

Historic Intersections > 3 g/t gold

 

Hole ID

Intersection (m)

Value (g/t Au)

2

0.25

29.15

80

0.43

12.41

82

0.61

3.87

82

0.30

238.32

82

0.46

14.40

92

0.61

3.89

92

0.61

9.09

92

0.61

7.48

92

1.22

4.04

92

0.30

5.52

94

0.40

7.92

94

0.3

7.82

96

0.3

3.43

96

1.68

108.25

103

3.05

10.66

UB-79-02

0.52

23.87

UB-79-02

0.11

63.43

UB-79-02

0.16

4.11

UB-79-02

0.61

3.09

UB-79-02

0.61

25.37

UB-87-01

2.44

11.98

Lac Langlade

Historic Intersections > 3 g/t gold

Hole ID

Intersection (m)

Value (g/t Au)

6

1.21

21.25

7

0.39

38.06

7

0.64

19.20

UM-88-03

1.00

10.97

UM-91-02

1.08

5.08

Auric West

Historic Intersections > 3 g/t gold

Hole ID

Intersection (m)

Value (g/t Au)

U-83-55

1.6

9.30

U-83-74

1.50

9.50

U-83-74

0.50

5.20

U-84-78

0.60

55.80

U-84-78

0.50

22.80

85-90

0.34

15.10

The Aumaque mine is located slightly east of the Lamaque portion of the Sigma-Lamaque property and contains a fractured and mineralized diorite plug similar to that of the Main Plug on the Lamaque property. It was discovered in 1934 by the Herbin Lake Gold Syndicate. In the period from 1944 to 1949, Aumaque Gold Mines completed underground development to the 625 level and drifts on five levels in addition to 11,585 m of surface drilling and 5,730 m of underground drilling. The mineralization was found to be consistent in style to that found in the Sigma-Lamaque Complex and a historic resource was calculated. In the period from 1987-1988, Alotta Resources Ltd. dewatered and sampled the mine, completing a total of 7,941 m of surface and underground drilling. A resource was estimated from the results.

Louvicourt Township

Century has the Sigma II property comprising 4.2 km2 in Louvicourt Township south of Aur Resources’ Louvicourt mine. The Sigma II mine was mined by open pit methods in the recent past and the ore transported to the Sigma mill. The mineralization continues to depth and will be re-evaluated in light of the current gold price. Further drilling is needed to complete this evaluation but is not been planned at this time.

 

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