Canadian Mining Journal Staff

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

Tin and silver – the new electric metals

Historic high prices for tin and silver are in the cards between now and 2018 as demand for the two metals in solder used in the electronics industry continues to climb and supply fails to keep pace, Jon Hykawy, head of global research at Byron...

Canadian Mining Journal Staff | April 23, 2012 | 4:57 pm

FINANCING: $640M promised for Kitsault moly mine

BRITISH COLUMBIA – Avanti Mining of Vancouver has signed a mandate letter with five lenders for up to $640 million to be used to develop the Kitsault molybdenum mine 140 km northeast of Prince Rupert. The key terms are $560 million senior...

Canadian Mining Journal Staff | April 19, 2012 | 5:00 pm

GOLD RESOURCE: Northern Gold boosts Garrcon estimate

ONTARIO – Toronto-based Northern Gold Mining is spreading the word that the updated resource estimate for its Garrcon gold deposit near Kirkland Lake contains material in the measured category for the first time. The tally: 604,000 oz in...

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

IRON-TITANIUM RESOURCE: Fancamp gets Magpie numbers

QUEBEC – Fancamp Exploration of Vancouver has received the first 43-101-compliant in-pit mineral resource estimate for the Magpie No.2 deposit from P&E Mining Consultants. The report puts 635.2 million tonnes at 42.49% Fe and 11.20%...

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

MINING PEOPLE IN THE NEWS: AuRo Resources, Castle Peak, Firestone Ventures, NSGold, Pershimco, and Wesgold

The new VP exploration at Vancouver-based AuRo Resources is John Buckle, who has played key roles in major discoveries such as Ekati, Voisey’s Bay, Collahuasi and El Domo throughout the Americas.

Canadian Mining Journal Staff | April 19, 2012 | 4:57 pm

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