Canadian Mining Journal Staff, Author at Canadian Mining Journal

COPPER DEAL: Inmet closes sale of 20% of Panamanian project

TORONTO – Inmet Mining has closed the deal selling 20% of Minera Panama SA to Korea Panama Mining Corp for US$169 million. KPMC previously made a US$30-million option payment. Together the two amounts represent KPMC’s 20% of...

Canadian Mining Journal Staff | April 25, 2012 | 5:01 pm

GOLD EXPLORATION: Edwards No.1 zone returns values up to 69 g/t

ONTARIO – Toronto-based Strike Minerals has encountered gold values up to 69 g/t Au during its underground exploration and development program at the Edwards mine 50 km northeast of Wawa.

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

MINERAL PROCESSING: Critical Elements produces battery grade lithium carbonate from Rose project

QUEBEC – Critical Elements Corp. of Montreal says that spodumene flotation concentrate from its Rose tantalum-lithium property in the James Bay area has been used in tests to produce 99.9% battery grade lithium carbonate. The 91% recovery...

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

SOFTWARE: Geophysical modelling hits the cloud with VOXI

TORONTO – Geosoft has released the latest 3-D geophysical technology, its VOXI Earth Modelling software. This is a cloud-based inversion software service that generates 3-D voxel models from airborne or ground gravity and magnetic data.

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

La Ronge district regaining some of its old shine

VANCOUVER — In the 1980s Saskatchewan’s La Ronge gold belt was booming, with between 60 and 80 companies exploring on the ground and several hundred thousand ounces being pulled out of the ground. But a tough market and mixed...

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

POLYMETALLIC STUDY: Small mine possible near Revelstoke

BRITISH COLUMBIA – Huakan International Mining of Vancouver, owner of the J&L underground gold-silver-lead-zinc project near Revelstoke, has received a positive preliminary economic assessment suggesting a new mine might be developed...

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

AWARD: Peregrine honoured for work in Nunavut

NUNAVUT – Peregrine Diamonds of Vancouver won the 2012 Canadian North Murray Pyke Corporate Award on April 19 at he Nunavut Mining Symposium. The award recognizes the contributions Peregrine has made to the economic and social development...

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

AGREEMENT: Minfocus signs MOU with First Nation for Chief Peter property

ONTARIO – Vancouver-based Minfocus Exploration has signed a memorandum of understanding with Lac des Mille Lacs First Nation regarding exploration by Minfocus in the traditional territories of the First Nation. The agreement develops the...

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

Speculation mounts about IamGold’s takeover targets

IamGold chief executive Steve Letwin says the cash-rich miner plans to spend $400 million to $500 million on an acquisition in the Americas over the coming months. The mid-tier gold producer has about $1.4 billion in cash and no debt and wants...

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

FINANCING: Lease facility secured, equipment arrives at Quebec Lithium project

QUEBEC – Canada Lithium Corp. of Toronto says the long lead time equipment has arrived on site at its Quebec Lithium open pit mine and mill 60 km north of Val d’Or. The delivery was made possible when the company secured a...

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

DIAMOND MINING: Lucara’s Karowe mine produces first gems

BOTSWANA – Vancouver’s Lucara Diamond Corp. says its new Karowe mine has produced its first diamonds as plant commissioning ramps up. The company added that the quantity and grade of stones recovered during the first ore run are...

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

UNDERSEA MINING: Nautilus signs off take agreement for Solwara 1

PAPUA NEW GUINEA – In 2005 Nautilus Minerals of Vancouver set it sights on finding gold-copper massive sulphide deposits on the seafloor and mining them. That dream is a giant step closer since Nautilus signed an off take agreement with...

Canadian Mining Journal Staff | April 23, 2012 | 4:58 pm

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