Canadian Mining Journal Staff

TUNGSTEN-MOLY DEVELOPMENT: Adex updates plans for Mount Pleasant mine

NEW BRUNSWICK – Adex Mining of Toronto has updated its development plan for the Mount Pleasant mine 80 km south of Fredericton. The company has decided on restarting production from the Fire Tower zone (FTZ) containing tungsten,...

Canadian Mining Journal Staff | February 16, 2012 | 4:59 pm

COPPER RESOURCE: Yellowhead expands Harper Creek estimate

BRITISH COLUMBIA – Vancouver-based Yellowhead Mining has updated the 43-101 estimate for its Harper Creek copper project north of Kamloops. At a 0.2% Cu cut-off grade, total measured and indicated resources are estimated at 815 million...

Canadian Mining Journal Staff | February 16, 2012 | 4:58 pm

Snags at year-end for gold miners

As they release their year-end numbers, Canadian gold miners are for the most part taking advantage of the strong gold price. The average price per ounce in 2011 was $1,571.52 allowing records to be set for revenues, ounces produced, cash flows...

Canadian Mining Journal Staff | February 16, 2012 | 4:58 pm

GOLD RESOURCE: Nearly 3-M oz in Timmins West property

ONTARIO – Lake Shore Gold of Toronto estimates there are approximately 2.8 million oz of gold in its Timmins West project. Total indicated resources in the Thunder Creek and Timmins deposit are 5.8 million tonnes grading 5.99 g/t Au. The...

Canadian Mining Journal Staff | February 16, 2012 | 4:57 pm

IRON MINING: LIM signs sales agreement with IOC

LABRADOR – Toronto-based Labrador Iron Mines Holdings (LIM) has signed an agreement to sell its entire 2012 iron ore output to Iron Ore Company of Canada. IOC will sell the iron ore on the spot market for delivery to Asian customers. By...

Canadian Mining Journal Staff | February 15, 2012 | 5:00 pm

SILVER EXPLORATION: Abcourt-Barvue yields very high silver grade

QUEBEC – Abcourt Mines of Mont-St-Hilaire, QC, reports silver assays as high as 4,696.0 g/t Ag and 11.75% Zn from drilling in the western part of the Abcourt-Barvue orebody. The former Abcourt-Barvue mine, 60 km north of Val d’Or,...

Canadian Mining Journal Staff | February 15, 2012 | 4:59 pm

GOLD MINE: Former Brewery Creek mine changes hands

YUKON – Golden Predator Corp. of Vancouver has bought up a 100% interest in the former Brewery Creek gold mine 55 km east of Dawson City from previous owner Alexco Resource Corp. subject to a 2% net smelter return. Golden Predator will...

Canadian Mining Journal Staff | February 15, 2012 | 4:58 pm

MINING PEOPLE IN THE NEWS: Fairmont Resources, Galantas, Kilo Goldmines, Nuinsco/Ocean Partners, Oracle Mining and Strike Minerals

Vancouver’s Fairmont Resources has named Neil Pettigrew its president and CEO replacing John Bevilacqua. Both men will sit on the company board of directors. Pettigrew is the holder of both a geology degree from the University of New...

Canadian Mining Journal Staff | February 15, 2012 | 4:57 pm

FINANCING: $277-M raised to finish Detour Lake gold mine

ONTARIO – Toronto-based Detour Gold has complete the last part of construction financing, a $276.9-million bought deal, for the Detour Lake gold project 185 km northeast of Cochrane. Most of the net proceeds to complete the $1.45-billion...

Canadian Mining Journal Staff | February 14, 2012 | 5:00 pm

SMELTING: First AP60 cell delivered to Rio Tinto Alcan

QUEBEC – Rio Tinto Alcan of Montreal says the first AP60 cell has arrived at the Arvida AP60 Technology Centre in Saguenay-Lac-Saint-Jean. The company believes the AP60 technology will become an aluminum industry benchmark due to its low...

Canadian Mining Journal Staff | February 14, 2012 | 4:59 pm

GOLD RESOURCES: Castillian calls Hope Brook “major” deposit

NEWFOUNDLAND – Castillian Resources of Toronto released its first 43-101 report for the former Hope Brook gold mine near Port aux Basques, calling it a “major gold deposit”. The indicated resource (both inside and below the...

Canadian Mining Journal Staff | February 14, 2012 | 4:58 pm

RECOGNITION: Petaquilla Gold largest exporter in Panama for second consecutive year

PANAMA – For the second consecutive year Petaquilla Gold, a subsidiary of Petaquilla Minerals of Vancouver, has received public recognition for being the largest exporter in Panama in 2011. The designation commemorated at an event in...

Canadian Mining Journal Staff | February 14, 2012 | 4:57 pm

PERSPECTIVE: Mining can help dig Ontario out of debt

Ontario's growing mineral industry can offer hope and opportunity to individuals and also assistance to government with its deficit problem. This was the message in a letter sent from Ontario Mining Association president Chris Hodgson to...

Canadian Mining Journal Staff | February 13, 2012 | 5:00 pm

FINANCING: Canada Lithium secures $75-M toward lithium project

QUEBEC – Canada Lithium of Toronto has secured a five-year debt facility worth C$75 million. The money will be used to advance the Quebec Lithium open pit mine and mill 60 km north of Val d’Or. The money will be supplied by the Bank...

Canadian Mining Journal Staff | February 13, 2012 | 4:59 pm

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