Mining Intelligence and Sales Leads
Canada

Cameron Project

Click for more information

Categories

Summary

Mine TypeOpen Pit & Underground
Study CompletedPreliminary Economic Assessment
 Archived Information
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
  • Sub-level stoping
Mine Life... Lock
SnapshotThe Cameron Project is located near Sioux Narrows in Northwestern Ontario, within Treaty Three Territory - the traditional lands of the Anishinaabe people.

The Cameron Project comprises two property areas: Cameron (which includes the Cameron deposit) and West Cedartree (which includes the Dubenski and Dogpaw deposits).

The Preliminary Economic Assessment of the Cameron Project, published in 2013 and containing information only on the Cameron and Dubensky deposits, lost its relevance after the inclusion of the Dogpaw deposit in the project in 2017.

In Feb. 2026, a Technical Report was prepared to support the disclosure of a Mineral Resource estimate for the Cameron Gold Project.

On March 10, 2026, Seva Mining announced that it has completed reverse takeover transaction with Cameron Gold Operations to acquire the Cameron Gold Project.

Seva has a 25,000 metre drill program planned, with Phase 1 targeting 6,000 metres aimed at growing and upgrading the resource.
Latest NewsSeva Mining Corp. Announces Completion of Acquisition of Cameron Gold Project and Resumption of Trading     March 10, 2026

Owners

SourceSource
CompanyInterestOwnership
Seva Mining Corp. 100 % Indirect
On March 10, 2026, Seva Mining Corp. announced that it has completed its previously announced reverse takeover transaction with Cameron Gold Operations Ltd. to acquire a 100% interest in the Cameron Gold Project, inclusive of its stockpile of mineralized material.

The Transaction was completed by way of a three-cornered amalgamation under the statutory provisions of the Business Corporations Act (Ontario). The Company incorporated a wholly owned subsidiary, 1001416725 Ontario Ltd. ("FinCo"), which amalgamated with SubCo, to form 1001529863 Ontario Ltd. ("Amalco"). SubCo was the owner of the Cameron Project and a wholly owned subsidiary of First Mining Gold Corp. ("FMGC"). Amalco is now the entity that owns the Cameron Project and is a wholly owned subsidiary of the Company.

Contractors

Lock

- subscription is required.

Deposit type

  • Orogenic
  • Vein / narrow vein

Summary:

Deposit types
The following summary of deposit types is based on the work of Ball (2014). The QP has reviewed the geological data, including drill core observations from the 2025 site visit, and concurs with this deposit model classification. The identification of the Cameron deposit as an orogenic lode gold system with atypical characteristics (such as stockwork-disseminated sulphide zones) forms the basis of the current Mineral Resource estimation domains and provides a robust framework for the exploration strategies.

The Cameron deposit is part of a group of orogenic gold mineral systems that occur within Archean greenstones. These have traditionally been classified as orogenic related hydrothermal processes (Robert et al., 2007). There are 19 identified deposits greenstone-hosted gold deposits with more than 10 Moz of contained gold and approximately 400 Moz of total worldwide endowment.

Mineralization modelling
Chalice provided interpretations of the mineralization domains based on the updated assays from the resampling program of 2015. A nominal 0.4–0.5 g/t Au cut-off grade was used to digitize two-dimensional (2D) sectional outlines that were then wireframed into 3D solid objects.

Snowden Optiro reviewed the interpretations against the geological models and information such as underground mapping and reports on mineralization controls. The comparison showed that the global approach to the interpretations was valid and the Main mineralization domains are reasonably consistent in terms of interval selection, thickness and volume control and assignment of continuity. Differences were noted in the hangingwall domains, extents of projection and some areas were found to have had the mineralized domains projected through unmineralized drillhole intersections.

The final mineralization domains were interpreted by manually selecting spatially consistent 3D domains and using the codings to construct vein models in Leapfrog. These could be dynamically updated during the validation phase to include or exclude intersections based on their relationship to other domains, local geometry, support from adjacent intersections and continuity of structures. This process is time consuming but was considered necessary to constrain the samples within geologically consistent domains rather than running simplistic interpolant grade shells.

• Main Zone: The most consistent and thickest of the mineralized domains. The Main Zone is split by the PQF dykes, into two estimation domains (south and north). The hangingwall PQF dyke moves in and out of the Main Zone but in general is located on the eastern (hangingwall) side.
• Hangingwall Zone: A parallel zone to the Main Zone of narrow shear hosted mineralization averaging ~1–3 m thick approximately 10 m above the Main Zone.
• Mid Zone: A distinct zone of lower-grade mineralization located between the Main and footwall zones and only found in the southern half of the deposit. This zone is subparallel to the Main and footwall zones. The Mid Zone ranges from 1 m to 20 m thick and averages 3–4 m.
• Footwall Zone: The Footwall Zone is also continuous for the length of the deposit, and like the Main Zone is split at around 50475 mN by the northwest-southeast trending PQF dykes.
• Footwall 2 Zone: A second footwall zone developed below the 525 mRL level in the southern end of the deposit. There are a number of thicker intersections in the deepest drillholes. To maintain consistency in thickness of the interpretations, this mineralization was interpreted as a separate zone. There is a clear separation between Footwall 2 Zone and Footwall Zone.

Reserves

Lock

- subscription is required.

Mining Methods

Lock

- subscription is required.

Required Heavy Mobile Equipment

Lock

- subscription is required.

Comminution

Crushers and Mills

Lock

- subscription is required.

Processing

Lock

- subscription is required.

Commodity Production

CommodityUnitsLOM
Gold oz 604,673
All production numbers are expressed as metal in doré.

Production Costs

CommodityUnitsAverage
Cash costs Gold USD 851 / oz *  USD
Total cash costs Gold USD 874 / oz *  USD
Pre-tax break-even price Gold USD 1,152 / oz *  USD
Assumed price Gold USD 1,472 / oz *  USD
* According to 2013 study / presentation.

Operating Costs

Currency2025
Combined mining costs ($/t mined) USD  ....  Subscribe
OP mining costs ($/t milled) USD  ....  Subscribe
UG mining costs ($/t milled) USD  ....  Subscribe
Combined mining costs ($/t milled) USD  ....  Subscribe
Processing costs ($/t milled) USD  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe
Total operating costs ($/t milled) USD  ....  Subscribe
* According to 2013 study.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Total CapEx $M USD  ......  Subscribe
OP OpEx $M USD  ......  Subscribe
UG OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 161.6
Refining costs $M USD  ......  Subscribe
G&A costs $M USD 18.2
Total OpEx $M USD  ......  Subscribe
Total Taxes $M USD  ......  Subscribe
Royalty payments $M USD  ......  Subscribe
Gross revenue (LOM) $M USD  ......  Subscribe
EBITDA (LOM) $M USD  ......  Subscribe
Net Income (LOM) $M USD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M USD  ......  Subscribe
After-tax Cash Flow (LOM) $M USD  ......  Subscribe
Pre-tax NPV @ 0% $M USD  ......  Subscribe
Pre-tax NPV @ 5% $M USD  ......  Subscribe
Pre-tax NPV @ 10% $M USD  ......  Subscribe
After-tax NPV @ 0% $M USD  ......  Subscribe
After-tax NPV @ 5% $M USD  ......  Subscribe
After-tax NPV @ 10% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Apr 9, 2026
....................... Subscription required ....................... Subscription required Subscription required Apr 9, 2026
....................... Subscription required ....................... Subscription required Subscription required Apr 9, 2026

Workforce

Aerial view:

Lock

- subscription is required.