Acadian Mining

Beaver Dam

• The Beaver Dam deposit has been a principal focus of Acadians’ gold program and is being evaluated for potential open pit mining.


• The property is located approximately 135 kilometres east of Halifax and consists of 57 contiguous mineral claims. Acadian holds 100% interest in the property subject to a variable return NSR of between 0.6 – 3% dependant on average grade mined; an NSR of 0.6% would apply to anticipated open pit grades.


• The property was the focus of limited underground development in the late 1800’s and early 1900’s and significant exploration and underground development was conducted in the late 1980’s by Seabright Resources and Westminer Canada Limited; a ramp currently extends to a depth of 105 metres. A total of 41,119 tonnes of material milled during the Seabright – Westminer period yielded an average reconciled gold grade of 1.85 g/t.


• Since 2005 Acadian has drilled 153 diamond drill holes on the Beaver Dam deposit, bringing the total to 390surface drill holes totaling 69,881 metres.






• The Beaver Dam deposit includes the Main Zone, the Mill Shaft Zone and the Northeast Zone, with the majority of the resources located in the Main Zone. The Mill Shaft Zone occurs approximately 600 metres west of the Main Zone and presents further exploration potential. The Northeast Zone represents the interpreted faulted extension of the Main Zone and has received only limited evaluation.


• Mineralization is confined to a thick (approximately 10-40m) argillite dominated interval characterized by bedding-concordant quartz veins and attending alteration on the south overturned limb of the Beaver Dam Anticline.


• The current resource evaluation was completed using historic underground sampling, historic drilling and the first 133 drill holes drilled by Acadian. Additional diamond drilling in 2007 and 2009 that is not included in the resource evaluation includes 20 drill holes totaling 4105 metres. The primary objectives of this latest drilling were to expand the Main Zone along strike and at depth, and to increase the confidence level of the current resource through in-fill drilling. Overall, drill results support the continuation of exploration and development efforts at Beaver Dam.


• Metallurgical testing based on three large diameter (PQ) drill holes within the Main Zone confirmed excellent recovery by gravity (72-85%), with cyanidation of tails (83-93%) resulting in overall recovery of >95%. Heap leaching amenability tests were also positive, with results indicating 90% recovery in 49 days for 1/8 inch material.


• Future work will include additional diamond drilling in the Main Zone focusing on expanding the resource and improving the classification of inferred resources into the indicated category. Both the area between the Main Zone and the Mill Shaft Zone and the Northeast Zone present targets for additional resource and will be further evaluated by drilling. Bulk sampling will be considered to support the integrity of the block model and a scoping study will identify major issues going forward and determine the general economics of the project. The scoping study will be considered within the context of other Acadian’s deposits nearby.

• 16 July 2010 Acadian Mining and Golden River Complete Private Placement > Read more

• 8 July 2010 Acadian Mining Announces Private Placement > Read more

• 30 June 2010 Acadian Mining Corporation 2nd Quarter Financial Statement > Read more

• 30 June 2010 Acadian Mining Corporation 2nd Quarter Management Discussion & Analysis > Read more

• 25 June 2010 Acadian Mining Announces Highlights Of AGM, Appointment Of New Director And Grant Of Options > Read more

• 24 June 2010 Acadian Mining Announces the Appointment of a New President And Chief Executive Officer > Read more

• 3 May 2010 Acadian Mining Announces Sale of its 29.18% Interest in Royal Roads Corporation > Read more

• 20 April 2010 Acadian Mining Enters into an Agreement for the Sale of its 29.18% Interest in Royal Roads Corp. > Read more

• 14 April 2010 Acadian Mining Concludes Access Agreement For Drilling And An Option To Lease Lands At Its Fifteen Mile Stream Gold Property > Read more

• 5 April 2010 Acadian Mining Commences Airborne Survey Over Its Large Gold Claim Holdings > Read more