A Canadian gold mining and exploration company

Madsen History

   
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Significant gold was first discovered by L. B. Howey in 1925. The gold-bearing veins he located were developed into the Howey Mine, Red Lake's first producer. Twenty-eight mines have operated in the Red Lake camp in the period between 1927 and 2005, producing 22.9 million ounces of gold. About 85 percent of this gold came from three mines, the Campbell, the Red Lake (Dickenson) and the Madsen Mine.




The history of the Red Lake gold mining district and the Madsen Mine. 
 
1925
 
Gold discovered at Red Lake.
1934
 		 Madsen area staked.
 
1935
 
Madsen Red Lake Gold Mines incorporated, No. 1 shaft sunk to 535' (163m).
      
1936
 		 Austin zone located.
 
1937
 		 No.2 shaft sunk to 4175', 1275m with 24 levels.
 
1938
 		 Mill starts; production for the next 36 years.
 
1948
 
The Starratt-Olsen Gold Mine opened, production ceased in 1956.
            
1967
 		 Discovery of multi-ounce No. 8 zone, 22nd and 27th levels of the Madsen
mine between 1969 and 1974.
 
1974
 		 Production halted (8,372,632 tons ore mined at 0.289 opt).
 
1974
 		 Operation sold to Bulora Corporation.
 
1976
 		 Bulora Corporation goes bankrupt.
 
1980
 
E.R. Rowland acquires property.
1980
 		 Noranda options property 1980-1982, conducts geological mapping, trenching on Madsen and Starratt-Olson property.
 
1991
 		 Red Lake Buffalo Resources acquired property from Rowland estate, changed name to Madsen Gold Corp.
 
1998
 		 Claude became the owner of the Madsen mine and attendant properties by acquiring 100 percent of the shares of Madsen Gold Corp.(MGC) in April 1998. At the time of the Claude purchase, the mine water was at the 7th level. Claude completed geological compilation, surface exploration, 77 miles of grid cutting, geological mapping, trenching # 1 and De Villiers zones, 20, 000 ft of surface drilling.
 
1998
 		 Mine dewatered to 12th level, 21,000 m of drilling, 230 surface & underground holes.
 
1999
 		 Claude mined and milled until October 1999. Mill shut down October 17th, 1999 and final mill discharge on November 14, 1999.
 
2000
 		 Dewatering and rehabilitation of the Madsen hoisting facility and shaft continue to the 16th Level. The 2000 program is to drill the up-dip projection of the zone between the 22nd and 16th Levels. Underground operations stopped December 2000.
 
2001
 		 Placer completed two phases of surface diamond drilling. Jan-Mar: Up-dip Zone 8 drilled (3,431m), October:  11 holes (9,339 m). Dewatering shutdown.
 
2002
 		 Placer drills 17 holes totaling 10,640.6 metres.
 
2003
 		 Placer drilled 49 holes totaling 29,049 metres, geophysics and datamine modeling.
 
2004
 		 Phase 3 drilling on the Treasure Box tarqet, completed fourteen diamond
drill holes totaling 5,315 metres – total expenditures incurred $8,611,175.82.
 
2006
 		 Claude reacquired the Madsen property in September, 2006.
2007
 		 Ongoing surface exploration, drilling and data compilation.
2008
 Claude completes 47,210 metres of drilling in 102 surface holes and continues to dewater the shaft past the 10th level. Started underground drilling from 10th Level.
2009
 Claude drills 5 consecutive holes in the 8 Zone. All 5 holes intersect visible gold and was highlighted by MUG-09-04 that graded 25.92 g/t over 7.90 metres. Claude continues to dewater the shaft.
 
2010 Claude reaches 16th level milestone in the dewatering process. Claude continued with a surface drill program on the Austin East zone and below existing workings at Starratt-Olsen.