Canadian Mining Journal Staff

GOLD EXPLORATION: Valley of the Kings yields true bonanza – 41,582 g/t

BRITISH COLUMBIA – Today’s almost unbelievable bonanza gold grade – 41,582 g/t or 1,212.8 oz per ton – comes from the Brucejack project drilled in the Valley of the Kings, near Stewart. The extremely high grade...

Canadian Mining Journal Staff | July 25, 2012 | 5:00 pm

GOLD EXPLORATION: Hard work reaps windfall at Windfall Lake

QUEBEC – Eagle Hill Exploration Corp. has updated the resource estimate for its Windfall Lake property in the Abitibi greenstone belt and reports large increases. Contained gold in the inferred resource is up 126% to 538,000 oz at a 31%...

Canadian Mining Journal Staff | July 25, 2012 | 4:59 pm

NICKEL DEVELOPMENT: Ambatovy hits permit snag

MADAGASCAR – Sherritt International of Toronto is pressing forward toward commercial production at the Ambatovy laterite nickel project of which it owns 40%. But, says the company, reaching commercial production may be delayed as the...

Canadian Mining Journal Staff | July 25, 2012 | 4:58 pm

AWARD: Handeni gold chairman named Business for Peace laureate

VANCOUVER – Dr. Reginald Mengi, non-executive chairman of Handeni Gold, has been elected one of the six Global Business for Peace Foundation laureates for 2012. He was honoured on May 7 in Oslo, Norway, for ethically and creatively using...

Canadian Mining Journal Staff | July 25, 2012 | 4:57 pm

Rosemont will cost more, Augusta says

Shares of Augusta Resource Corp. closed 7.8% lower at $1.66 per share following the release of an updated feasibility study that estimates higher capital and operating costs for its Rosemont copper project near Tucson, Arizona.

Canadian Mining Journal Staff | July 25, 2012 | 4:56 pm

CSR is nothing new to Cameco

Corporate social responsibility (CSR) is a relatively new area of business for many mining companies around the world, but not for Cameco. In fact, CSR has been a major part of every business plan and project the company has undertaken over the...

Canadian Mining Journal Staff | July 25, 2012 | 4:21 pm

PERSPECTIVE: Canada No.7 among global gold producers

At 2,700 tonnes, the total amount of gold from all the world’s producers hit a new high in 2011, according to figures from the U.S. Geological Survey. The previous high was 2,600 tonnes in 2001.

Canadian Mining Journal Staff | July 24, 2012 | 5:01 pm

GOLD DEVELOPMENT: Detour Lake connects to power grid

ONTARIO – One recent milestone in the construction of the Detour Lake open pit gold mine 185 km northeast of Cochrane was connecting the 230 kW electrical power transmission line to the grid on July 19, says owner Detour Gold of Toronto....

Canadian Mining Journal Staff | July 24, 2012 | 5:00 pm

GOLD STUDY: Courageous Lake PFS predicts 6.5 million oz

NORTHWEST TERRITORIES – Seabridge Gold of Toronto says the preliminary feasibility study for its Courageous Lake project 240 km northeast of Yellowknife estimates contained gold to be 6.5 million oz. It predicts average annual production...

Canadian Mining Journal Staff | July 24, 2012 | 4:59 pm

GOLD RESOURCE: M & I numbers grow at Spanish Mountain

BRITISH COLUMBIA – Vancouver-based Spanish Mountain Gold, using a 0.20 g/t Au cut-off, reports substantial increases in contained gold at its advanced exploration project 70 km northeast of Williams Lake. In the measured category,...

Canadian Mining Journal Staff | July 24, 2012 | 4:58 pm

EQUIPMENT: Cat to sell part of Bucyrus distribution to Hewitt, Atlantic

PEORIA, Illinois - Caterpillar and Hewitt Equipment announced that they have signed an agreement for Hewitt and its subsidiary, Atlantic Tractors & Equipment, to acquire the Bucyrus equipment distribution and support business in the...

Canadian Mining Journal Staff | July 24, 2012 | 4:57 pm

Northair finds more to draw on from La Cigarra

International Northair Mines continues to pull stellar core out of its La Cigarra silver project in Mexico.

Canadian Mining Journal Staff | July 24, 2012 | 4:56 pm

DIAMOND DEVELOPMENT: Stornoway to take 5,000-tonne bulk sample at Renard 65 pipe

QUEBEC – Stornoway Diamond Corp. of Montreal is preparing to take a 5,000-tonne bulk sample at the R65 kimberlite pipe, at the Renard diamond development project in north-central Quebec. The company hopes to convert its inferred resource...

Canadian Mining Journal Staff | July 23, 2012 | 5:00 pm

GOLD STUDY: Treasury offers new numbers for Goliath

ONTARIO – Toronto’s Treasury Metals has updated the preliminary economic assessment for its Goliath gold project 20 km east of Dryden. The assessment looked at a combined open pit and underground mine life of more than 10 years....

Canadian Mining Journal Staff | July 23, 2012 | 4:59 pm

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