Canadian Mining Journal Staff

GUEST PERSPECTIVE: Politics and Intrigue in the Ring of Fire (Part One)

On May 9, 2012, Cliffs Natural Resources announced that the company was advancing its massive $3.2 billion chromite project in the isolated and infrastructure-challenged Ring of Fire region to the feasibility stage. Sudbury was selected as the...

Canadian Mining Journal Staff | July 12, 2012 | 5:00 pm

GOLD MINING: Bachelor bulk sample gold content 25% higher than forecast

QUEBEC – Metanor Resources of Val d’Or, QC, says the 5,000-tonne bulk sample from its Bachelor project in Le Sueur township yielded 25.1% more gold than forecast. Processing recovered 1,033 oz of gold rather than the expected 826 oz.

Canadian Mining Journal Staff | July 12, 2012 | 4:59 pm

GOLD STUDY: Barkerville backtracks on Cow Mountain numbers

BRITISH COLUMBIA – Barkerville Gold Mines of Vancouver has been forced to backtrack on the 10.6 million number it revealed last week for contained gold ounces in its Cow Mountain deposit in the wells-Barkerville district. The British...

Canadian Mining Journal Staff | July 12, 2012 | 4:58 pm

Bolivia to take Malku Khota

The Bolivian government plans to expropriate South American Silver’s 100% owned Malku Khota silver-indium-gallium project, the Vancouver-based company announced in a press release after markets closed on July 10.

Canadian Mining Journal Staff | July 12, 2012 | 4:56 pm

COBALT DEVELOPMENT: Formation Metals presses on with Idaho project

IDAHO – Vancouver-based Formation Metals is pleased with the progress on its 100% owned Idaho cobalt project (ICP). Construction includes an underground mine and concentrator near Salmon in the central part of the state and an...

Canadian Mining Journal Staff | July 12, 2012 | 4:56 pm

PERMITTING: One giant step for Donlin gold project

ALASKA – The Donlin gold project 450 km northwest of Anchorage was never going to be an inexpensive development, but now the US$6 billion undertaking is a step closer to reality. The directors of the operating company, Donlin Gold, have...

Canadian Mining Journal Staff | July 11, 2012 | 5:00 pm

FUNDING: North American Palladium offers debentures worth $43 million

ONTARIO – North American Palladium of Toronto is raising $43 million through the offering of 43,000 convertible unsecured subordinated debentures at a price of $1,000 each. The underwriting syndicate will be led by Scotia Capital and...

Canadian Mining Journal Staff | July 11, 2012 | 4:59 pm

IRON ORE RESOURCE: Kami M&I tops 1 billion tonnes at 30% Fe

LABRADOR – Vancouver-based Alderon Iron Ore Corp. announced that the total measured and indicated resources at its Kamistiatusset (Kami) iron ore project are now estimated to be 1.1 billion tonnes at 29.8% Fe. The project also has an...

Canadian Mining Journal Staff | July 11, 2012 | 4:58 pm

What next for South American Silver?

The release yesterday [July 9, 2012] of South American Silver’s remaining employees and a police officer taken hostage earlier this month by opponents to its Malku Khota project in Bolivia marks a new phase in the Vancouver-based...

Canadian Mining Journal Staff | July 11, 2012 | 4:57 pm

METEOR IMPACT: Greenland site of 3-billion-year-old crater

GREENLAND – The Geological Survey of Greenland has determined that the Maniitsoq Structure on that country’s west coast is “the remains of a gigantic meteorite impact.” The announcement was made on June 28, 2012, to...

Canadian Mining Journal Staff | July 10, 2012 | 5:00 pm

GRAPHITE STUDY: Northern Graphite completes Bissett Creek feasibility

ONTARIO – Northern Graphite Corp. of Ottawa has completed a bankable feasibility study for its 100% owned Bissett Creek graphite deposit near Renfrew, ON. According to the company, the study confirms the technical and financial viability...

Canadian Mining Journal Staff | July 10, 2012 | 4:59 pm

RARE EARTH RESOURCE: Avalon boosts measured amount at Nechalacho

NORTHWEST TERRITORIES – Avalon Rare Metals of Toronto has updated the resource estimate for the Nechalacho rare earth deposit at its Thor Lake property. The report was prepared by Roscoe Postle Associates.

Canadian Mining Journal Staff | July 10, 2012 | 4:58 pm

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