GOLD: Agnico, Yamana to begin permitting for new underground mine

[caption id="attachment_1003720558" align="aligncenter" width="476"] The permitting process has begun for the Odyssey and East Malartic underground mines that will potentially supply ore to the Canadian Malartic mill. (Image: Canadian Malartic GP)[/caption] QUEBEC – Joint owners of the Canadian Malartic gold mine – Agnico Eagle Mines and Yamana Gold of Toronto – have begun the permitting process for a potential new underground mining to recover ore from the Odyssey and East Malartic zones. The Odyssey property lies about 1.5 km east side of the Canadian Malartic property and is composed of multiple mineralized bodies. The area of interest is divided into two zones – Odyssey North and Odyssey South – that strike east-southeast ad dip steeply south. The Odyssey North zone lies at a depth between 600 and 1,300 below surface and has 1.5-km strike length. The Odyssey South zone has a strike of 500 metres and lies at a depth between 200 and 550 metres below surface. Together the zones have an initial inferred mineral resource of 10.3 million tonnes grading 2.15 g/t gold and containing 714,000 oz. Earlier this year the government of Quebec granted permission for the expansion of the Canadian Malartic pit to recover ore from the Barnat and Jeffrey deposits. The expansion includes the relocation of a portion of Highway 117. Visit the website for details, www.CanadianMalartic.com.