Canadian Mining Journal Staff, Author at Canadian Mining Journal

FINANCING: Auriga Gold signs US$23M term sheet for Maverick project

MANITOBA – Auriga Gold Corp. of Toronto has entered into a non-binding term sheet with a private, institutional investor with regard to a US$23-million gold prepay agreement. The money will be used to refurbish and develop the Puffy mine...

Canadian Mining Journal Staff | June 21, 2012 | 4:58 pm

PATENT PENDING: U3O8 files application for recovery of uranium, phosphate, vanadium and rare earths

TORONTO – U3O8 Corp. and its associate, Sulphide Resource Processing, have filed an international patent application for a two-step metallurgical process using an initial ferric iron leach followed by an acid wash that was developed for...

Canadian Mining Journal Staff | June 21, 2012 | 4:57 pm

Louis Dreyfus to litigate against Baja Mining

Nearly two months after Baja Mining initially disclosed cost overruns of US$246 million at its Boleo copper-cobalt-zinc project in Baja California Sur, Mexico, one of the company’s largest shareholders, Louis Dreyfus Commodities Metals...

Canadian Mining Journal Staff | June 21, 2012 | 4:56 pm

GUEST PERSPECTIVE: Is constant change the new status quo in the global economy?

A financial expert presented, in an address to Ontario Mining Association directors, changing social and economic forces that are altering markets for their products and services in the future world. Gareth Watson, VP of investment management...

Canadian Mining Journal Staff | June 20, 2012 | 5:00 pm

IRON RESOURCE: Adriana offers estimate for Lac Otelnuk

QUEBEC – The 43-101-compliant mineral resource estimate for the Lac Otelnuk iron ore deposit in Nunavik is complete, says Adriana Resources of Toronto. Compiled by Watts, Griffis and McOuat, the measured and indicated portion is 11.35...

Canadian Mining Journal Staff | June 20, 2012 | 4:59 pm

MINERAL PROCESSING: McIlvenna Bay copper-gold tests positive

SASKATCHEWAN – Foran Mining Corp. of Vancouver says metallurgical tests of material from its McIlvenna Bay volcanogenic massive sulphide deposit are positive. The tests were performed on a composite sample from the three main styles of...

Canadian Mining Journal Staff | June 20, 2012 | 4:58 pm

GOLD EXPLORATION: Drilling continues to expand portage zone at Gold Canyon’s Springpole project

ONTARIO – Vancouver-based Gold Canyon Resources reports good assays from its Springpole gold project 110 km northeast of the Red Lake Mining Camp. Notable assays were received from both the Portage and Main zones.

Canadian Mining Journal Staff | June 20, 2012 | 4:57 pm

CONSULTING: Golder re-establishes permanent office in Atlantic Canada

NEWFOUNDLAND and NOVA SCOTIA – Golder Associates has re-established permanent offices in St. John’s and Halifax to better serve its clients throughout Atlantic Canada.

Canadian Mining Journal Staff | June 20, 2012 | 4:56 pm

Chile, Peru must meet energy challenges as mining booms

VANCOUVER — The Andean nations of Chile and Peru are firmly established as the top copper producing locales in the world. Chile holds the number one spot with annual production clocking in at roughly 4.9 million tonnes, while Peru sits in...

Canadian Mining Journal Staff | June 20, 2012 | 4:55 pm

NICKEL MINING: First Nickel rejigs Lockerby mine plan

ONTARIO – In preparation for the start of commercial production on July 1, 2012, the Lockerby nickel mine plan has been optimized by owner First Nickel of Toronto.

Canadian Mining Journal Staff | June 19, 2012 | 4:59 pm

COPPER MINING: Rio Tinto pledges US$660M to extend life of Bingham Canyon mine

UTAH – Rio Tinto of London, UK, has announced that it will extend the life of its Bingham Canyon open pit copper mine 40 km west of Salt Lake City by investing US$660 million between 2018 and 2029. Average annual output will rise to...

Canadian Mining Journal Staff | June 19, 2012 | 4:58 pm

NICKEL-COPPER-PM RESOURCE: Wallbridge updates numbers for Broken Hammer

ONTARIO – Wallbridge Mining of Toronto says it has reached a milestone by updating the resource estimate for its Broken Hammer nickel-copper-precious metals zone near Sudbury. The total indicated resource is now 231,100 tonnes at a grade...