Canadian Mining Journal Staff, Author at Canadian Mining Journal

IRON: Rockex reveals PEA for Eagle Island deposit

ONTARIO – According to the preliminary economic assessment, the Eagle Island iron ore project has a net present value of $3.9 billion (with a 5% discount) or $2.2 billion (8%). That makes 100% owner Rockex Mining Corp. of Toronto "very...

Canadian Mining Journal Staff | August 27, 2013 | 4:07 pm

GOLD: Explor counts more than 1M oz at Timmins Porcupine West

ONTARIO – Explor Resources of Rouyn-Noranda, QC, has updated the resources at its Timmins Porcupine West gold property 15 km from downtown Timmins. Company head executive Chris Dupont said that as drilling continues, widths remain...

Canadian Mining Journal Staff | August 27, 2013 | 4:05 pm

GOLD: Best Taylor definition hole returns 14.12 g/t over 18.6 metres for SAS

ONTARIO – Underground definition drilling at the Taylor gold project 50 km east of Timmins is returning high grades for owner St Andrew Goldfields of Toronto. The recent drill program was focused on the eastern portion of the 1004 lens of...

Canadian Mining Journal Staff | August 27, 2013 | 4:02 pm

Alpha rebuffs Fission’s speedy $170M offer

VANCOUVER – After almost ending up a neglected project on Denison Mines' (TSX: DML) shelf, a 50% stake in the Patterson Lake South (PLS) project has just sparked a $170-million takeover attempt.

Canadian Mining Journal Staff | August 27, 2013 | 4:00 pm

COMMENT: Peru tackles illegal miners

Illegal mining, particularly for gold, has become a measurable part of the Peruvian economy. By some estimates artisanal miners produce 20% of gold in that country, equivalent to about $2.6 billion in value. There are an estimated 100,000...

Canadian Mining Journal Staff | August 26, 2013 | 4:07 pm

MERGER: Fission proposes Alpha buyout

KELOWNA, British Columbia – Fission Uranium Corp. has proposed to buy up the shares of its Patterson Lake South joint venture partner, Alpha Minerals, in an all-share deal. The two have reported very promising exploration success at their...

Canadian Mining Journal Staff | August 26, 2013 | 4:05 pm

SEPARATOR: Metal detector plus mag separator defends against tramp metals

ERIE, Pennsylvania – Matching a powerful magnetic separator alongside a highly sensitive metal detector is the best defense against unwanted tramp metal which can be dangerous and damage expensive equipment. The double team of Eriez metal...

Canadian Mining Journal Staff | August 26, 2013 | 4:02 pm

Kirkland Lake presses on towards lofty goals

While its latest quarterly results were not flawless, Kirkland Lake Gold (TSX: KGI) is showing itself to be making steady progress towards its goal of being one of the more significant gold producers in Ontario.

Canadian Mining Journal Staff | August 26, 2013 | 4:01 pm

GOLD: Barrick selling three Australian mines to Gold Fields

AUSTRALIA – Toronto's Barrick Gold is selling three of its producing mines in Australia to Gold Fields of Johannesburg, South Africa. The Darlot, Granny Smith and Lawlers mines – Barrick's Yilgarn South assets – for...

Canadian Mining Journal Staff | August 22, 2013 | 4:29 pm

FUNDING: Feds earmark $100M for GEM program

TORONTO – As Prime Minister Stephen Harper tours Canada's north, he announced significant new support for geo-mapping the area to promote resource exploration and development. The Geo-Mapping for Energy and Minerals (GEM) program...

Canadian Mining Journal Staff | August 22, 2013 | 4:28 pm

GOLD: Results promising at Sabina’s Back River project

NUNAVUT – The drilling results are positive at the Lone Cow Pond South (LCPS) on the George property, part of the Back River project belonging to Sabina Gold and Silver Corp. of Vancouver. The company completed 43 holes, and has received...

Canadian Mining Journal Staff | August 22, 2013 | 4:26 pm

GRAPHITE: Flotation of Lac Knife sample yields excellent results

QUEBEC – Focus Graphite of Ottawa is designing the flowsheet for a mill at its Lac Knife high grade graphite project near Fermont. To gain important technical knowledge, a mineralized sample was run through a pilot plant.

Canadian Mining Journal Staff | August 22, 2013 | 4:25 pm

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