Canadian Mining Journal Staff

NIOBIUM: NioCorp likes the look of Elk Creek

NEBRASKA – Vancouver-based NioCorp Developments has completed a positive preliminary economic assessment of its Elk Creek niobium project near Lincoln. It anticipates building a 3,700-t/d operation with a 36-year life that will produce...

Canadian Mining Journal Staff | April 13, 2015 | 4:24 pm

Newmont green lights Long Canyon gold mine

VANCOUVER — U.S.-based Newmont Mining (NYSE: NEM) appears poised to open up a new gold district at its Long Canyon project along the eastern flank of the Pequop Mountains in northeastern Nevada. The Bureau of Land...

Canadian Mining Journal Staff | April 13, 2015 | 4:22 pm

GOLD: Rubicon closes $30.2M flow-through offering

ONTARIO – Rubicon Minerals Corp. of Toronto has closed a previously announced financing with the issuance of 23.6 million flow-through shares at a price of $1.28 per share. Gross proceeds total more than $30.2 million.

Canadian Mining Journal Staff | April 9, 2015 | 4:11 pm

GOLD: Metanor cuts 15 metres of 6.14 g/t at Bachelor mine

QUEBEC – Metanor Resources of Val d'Or is pleased with the larger intersections in two holes than reported at the end of March. At the Bachelor gold mine, hole 13-154 averaged 4.25 g/t Au over 7.8 metres, and hole 13-160 averaged 6.14 g/t...

Canadian Mining Journal Staff | April 9, 2015 | 4:10 pm

GOLD: Alacer green lights Copler sulphide expansion

TURKEY – The board of Alacer Gold in Toronto has given approval to move forward on the Copler sulphide expansion project in the eastern part of this country. The next undertaking is to advance detailed engineering and procurement of long...

Canadian Mining Journal Staff | April 9, 2015 | 4:09 pm

MINING PEOPLE: Castle Mountain, First Majestic, and Gold Reach

David Adamson has joined Toronto-based Castle Mountain Mining Co. as its CEO and director. He is a former CEO of Rubicon Minerals. Also at Castle Mountain, Ian Cunningham-Dunlop has joined the company as VP exploration. He has a successful...

Canadian Mining Journal Staff | April 9, 2015 | 4:06 pm

Editorial: Quebec pushes forward with revived Plan Nord

More meat has been added to the bones of Quebec Premier Philippe Couillard’s revival of former Premier Jean Charest’s shelved Plan Nord to develop large infrastructure in Quebec’s resource rich Far North.

Canadian Mining Journal Staff | April 9, 2015 | 4:05 pm

GOLD: Thieves make off with 7,000 oz from El Gallo 1 mine

MEXICO – Thieves have made off with 900 kg of gold-bearing concentrate from the El Gallo 1 mine in Sinaloa, said owner McEwen Mining of Toronto. The concentrate contained about 7,000 oz of gold that at today's price is worth upwards of...

Canadian Mining Journal Staff | April 8, 2015 | 4:33 pm

GOLD: Wesdome uncovers more high grades at Eagle River mine

ONTARIO – Toronto-based Wesdome Gold Mines continues to cut high grades during drifting and drilling at the new, parallel 300 zone at the Eagle River gold mine near Wawa.

Canadian Mining Journal Staff | April 8, 2015 | 4:32 pm

GOLD-TUNGSTEN: Mega Precious defining high grade mineralization at Monument Bay

MANITOBA – Mega Precious Metals of Thunder Bay, ON, is re-assaying old core from its Monument Bay gold-tungsten project 340 km southeast of Thompson. The results continue to define what the company calls "multiple parallel high grade gold...

Canadian Mining Journal Staff | April 8, 2015 | 4:31 pm

GOLD: Integra launches $10M private placement

VANCOUVER – Integra Gold Corp. has entered into an agreement with Macquarie Capital Markets Canada and Paradigm Capital for a $10-million bought deal private placement. Integra will issue 15.15 million flow-through shares priced at $0.33...

Canadian Mining Journal Staff | April 8, 2015 | 4:29 pm

Orex welcomes Agnico to Barsele in Sweden

VANCOUVER — Orex Minerals (TSXV: REX) has struck a letter of intent (LOI) on its Barsele gold and base metal property in the prolific mining district of Skelleftea, 600 km north of Sweden’s capital city of Stockholm,...

Canadian Mining Journal Staff | April 8, 2015 | 4:27 pm

COMMENT: Underground, wash plant fires underline need for increased safety vigilance

Fires at Canadian mines are rare, even rarer is  the occurrence of two on the same day. Unexpected ignition happens, and the resulting fire can have a catastrophic outcome. Fortunately that wasn't the case in either Manitoba or British...

Canadian Mining Journal Staff | April 7, 2015 | 4:38 pm

DIAMONDS: Stornoway pours first concrete for Renard plant

QUEBEC – Montreal's Stornoway Diamond Corp. announced on April 7 that it has begun the main concrete pour for the processing plant at the Renard diamond mine, now under development 350 km north of Chibougamau. The milestone was reached...

Canadian Mining Journal Staff | April 7, 2015 | 4:37 pm

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