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Eagle River Complex

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Summary

Mine TypeUnderground
StatusActive
Commodities
  • Gold
Mining Method
  • Longhole stoping
  • Alimak
  • Sub-level open stoping (SLOS)
Backfill type ... Lock
Production Start... Lock
Mine Life... Lock
SnapshotEagle River Gold Mining Complex consists of the Eagle River underground operating mine and the mill at the former Magnacon Mine located 17 km by road north of the Eagle River Mine site. The previously operating Mishi open pit mine was mined out in 2021. All identified economic ore material from Mishi Mine pit has been processed.

In 2024 more than 105,000 metres were drilled as part of the exploration program at Eagle River focused on surface and underground drilling, delineation and expanding key zones close to existing infrastructure, as well as identifying new targets.

Eagle River global resource model initiative: The results of the global resource model are expected to be reflected in an updated technical report in Q1 2026. By integrating updated geological modeling and domaining, as well as cut-off-grade analysis best practices, this initiative aims to meaningfully extend mine life while also advancing the fill-the-mill strategy.
Related AssetsEagle River Mine, Mishi Mine

Owners

SourceSource
CompanyInterestOwnership
Wesdome Gold Mines Ltd. 100 % Indirect
The Eagle River Complex is 100% owned by Wesdome Gold Mines Ltd.

Contractors

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Deposit type

  • Mesothermal
  • Vein / narrow vein

Summary:

The Mishibishu greenstone belt is a broad arcuate syncline 55 km long in an east-west direction and 16 km wide in a north-south direction. This belt is part of the Wawa Subprovince of the Archean-age Superior Province. Supracrustal rocks in the belt are dominated by greenschist facies mafic to intermediate volcanic rocks with lesser sedimentary rocks including iron formation and intermediate to felsic volcanic rocks. The belt is surrounded by Archean granitic rocks and includes two internal granitic batholiths occupying the central portion of the belt. Minor intrusions include synvolcanic stocks and sills of intermediate to felsic composition and an array of northeast and northwest striking late Precambrian diabase dykes.

The northern limb of the belt, where the Mishi Mine is located, is dominated by an assemblage of clastic sedimentary rocks, felsic tuffs, and mafic flows. The southern limb, where the Eagle River Mine is located, is dominated by tholeiitic basalts and calc-alkaline andesites with minor interflow clastic sedimentary rocks and lean chert-magnetite iron formation. In this area, the supracrustal rocks form a steeply north-dipping and north-facing sequence displaying moderate to steep eastward plunges defined by minor fold axes and mineral lineations.

Gold in the Mishibishu Lake greenstone belt occurs primarily in quartz vein deposits located within regional zones of deformation. The Mishibishu Deformation Zone follows a volcanic-sedimentary contact in the north limb of the belt hosting the Magnacon and Mishi deposits, while the Eagle River Deformation Zone hosts the Eagle River deposit along the south limb of the belt.

Late northeast striking and lesser northwest striking faults and fractures offset the greenstone stratigraphy and deformation zones.

Eagle River Mine
Gold bearing quartz veins at Eagle River are hosted primarily by subvertical to steeply north dipping eastwest striking shear zones within a broadly elliptical quartz diorite stock with dimensions of 2.4 km east-west and 0.5 km north-south. The quartz diorite stock intrudes a steeply dipping north-facing sequence of thin, mafic to intermediate volcanic flows, flow breccias, and interflow volcaniclastic rocks.

In general, the mineralized shoots mined to date occur at a spacing of 400 m along a 2.4 km strike length. They appear to be spatially related to an array of oblique 110º striking mafic dykes that are interpreted to post-date conjugate structures. Gold mineralization is structurally concentrated within highly strained portions of the various quartz veins. Reflected light microscopy indicates that 60% of the gold occurs along quartz-sericite grain contacts, 32% along sulphide-gangue contacts and 1.4% within sulphide grains. The grains are generally less than 500 µm in diameter and grains less than 5 µm in diameter account for a negligible percent of the total gold. Free gold generally occurs as a multitude of fine grains, which result in a relatively low sub-sampling variance that generates very good assay precision for a vein type gold deposit.

Several mineralized zones have been distinguished that constitute different segments of the overall shear zone corridor, and each has its own gold grade characteristic. Mineable portions of the individual zones form shoots that plunge steeply to the east. The bulk of the historic production has come from Zone 8 and Zone 6, which are entirely within the intrusive quartz diorite, while Zone 2 mineralization is hosted in sheared mafic volcanic rocks just east of the stock.

Zone 8 is characterized by a series of thick, white, laminated quartz vein lenses. The veins vary in thickness from 1 m to 15 m, averaging approximately 2.5 m. Gold is concentrated in highly strained quartz of grey colour and in sericite-chlorite lamellae with accessory sulphide minerals including pyrite, pyrrhotite, galena, sphalerite, and chalcopyrite.

Zone 6 is a distinct and discrete shear zone that forms a splay off the shear hosting Zone 8 mineralization. The vein varies in thickness from 0.5 m to 2.0 m. Locally, the vein is folded back on itself forming tight S-folds or “ballrooms” which form plunging, pipe-like bodies 12 to 15 m in diameter. Zone 6 is high-grade averaging 12 to 18 g/t Au and has very competent wall rocks.

In the summer of 2013, two parallel structures of significance were newly identified and termed No.7 and No. 300 structures. They are located approximately 200 m and 400 m north of the No. 8 structure, respectively. These are now in production and are being actively explored. However, the most recent discovery of the 303 high grade lens is having a significant positive impact on the Eagle River Mine production and mineral reserves, which is considerably higher grade and wider compared to previously mined ore. Locally, the 303 lens is folded back on itself forming tight S-folds or “ballrooms” which form plunging, pipe-like bodies 12 to 15 m in diameter often grading over 30 g/t Au. The 300 East Zone, previously defined from the 750 m-level to 1,000 m-level, has now been extended to the 1,400 m-level. The down plunge extension is a relatively more tabular zone that now measures in excess of 100 m along strike with above average widths and grades; it remains open down plunge.

In 2018, surface drilling in the volcanic rocks to the west of the mine diorite encountered two sub- parallel structures that broadly follow the stratigraphy within the mafic/felsic volcanic rocks. Both structures strike approximately 245° and dip 70° - 80° to the north. The two mineralized zones newly identified by surface drilling define an area termed the Falcon Zones. The Falcon 7 Zone is now in production.

Recent drilling has discovered the Falcon 311 zone that is interpreted to extend from surface to at least the 900-metre level.

Mishi Mine
Mineralization is hosted in the Mishibishu Deformation Zone, which traverses the property over 14 km and is interpreted as a major regional thrust fault, which follows a volcanic-sedimentary contact. The northern portion of the property is underlain by mafic volcanic rocks and subvolcanic gabbroic sills. These are overlain to the south by shallow water immature arenaceous/arkosic sediments and polymictic conglomerates, followed by deeper water silts and turbidites progressing southward.

The sequence is overturned, dipping moderately north, facing south and striking 90° to 120°. The deformation zone is 0.5 to 1.0 km wide and characterized by strong ankerite alteration and a schistose fabric dominated by phyllosilicate minerals, sericite and chlorite. Because of the intense deformation, systematic recognition of protoliths and subunits within the deformation zone is problematic.

In the Mishi Mine area, mineralization is hosted by a series of at least 8 tabular parallel zones consisting of ankerite-sericite ± chlorite alteration zones containing 2-8% fine disseminated pyrite and a system of sub conformable, dislocated, smoky grey quartz veinlets and lenses. Veins generally vary from 5 to 20% of the bulk volume of the zones with individual quartz lenses commonly 5 to 15 cm wide. The zones strike 100°, dip north 40° and plunge northeast. In general, the zones become more felsic, discrete, and vein dominated towards the north.

Reserves

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Mining Methods

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Heavy Mobile Equipment

Fleet data has not been reported.

Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityUnits20252024202320222021202020192018201720162015
Gold oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe91,688 71,625 58,980 47,737 50,470 
All production numbers are expressed as metal in doré. ^ Guidance / Forecast.

Operational metrics

Metrics2024202320222021202020192018201720162015
Daily milling rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe462 t619 t850 t844 t836 t
Daily milling capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1,200 t1,200 t1,200 t1,200 t1,200 t
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe168,809 t255,804 t309,841 t309,035 t305,227 t
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Production Costs

Commodity202520242023202220212020201920182017
Cash costs Gold
Cash costs (sold) Gold
Total cash costs (sold) Gold  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 621 / oz **  USD 699 / oz **  USD 845 / oz **  USD
All-in sustaining costs (AISC) Gold
All-in sustaining costs (sold) Gold  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 975 / oz **  USD 985 / oz **  USD 1,146 / oz **  USD
^ Guidance / Forecast.
** Net of By-Product.

Operating Costs

Currency202420232022202120202019201820172016
Total operating costs ($/t milled) CAD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Mine Financials

Units202520242023202220212020201920182017
Capital expenditures (planned) M CAD  ....  Subscribe
Sustaining costs M CAD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 21.4   17.2   15  
Capital expenditures M CAD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 33.5   18.2   15  
Revenue M CAD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 164   116   94.9  
Gross profit M CAD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Operating Income M CAD  ....  Subscribe 59.3   52.1   31.5  
Pre-tax Income M CAD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
After-tax Income M CAD  ....  Subscribe 40.9   14.9   1.3  
Operating Cash Flow M CAD  ....  Subscribe 71.1   46.3   27.2  

Personnel

Mine Management

Job TitleNameProfileRef. Date
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Workforce

EmployeesContractorsTotal WorkforceYear
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Aerial view:

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