May 27 2025: Nuvau Minerals is reviving the former Glencore-owned Matagami mining camp in northern Abitibi with a $30 million exploration program that has already returned an exceptional anomaly of more than 2,000 visible-gold grains per 10 kg of material. The 1,250 km² property—host to 12 historic mines that produced 60 Mt of copper and zinc between 1963 and 2022—now offers two upsides: short-term critical-minerals feed for Glencore’s Valleyfield plant (on which Glencore will retain a 2 % NSR) and significant untapped gold potential in the same greenstone belt as Detour Lake. Existing road and rail infrastructure, a 3,000 t/d concentrator and the return of veteran geologist Gilles Roy position Matagami for a rapid restart and an aggressive exploration campaign.
Read the full La Presse article here (in French only):Â https://www.lapresse.ca/affaires/portfolio/2025-05-27/industrie-miniere/renaissance-prometteuse-a-matagami.php
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