Discover by Category
Exploration.
What we constantly see when interviewing individuals for stories in Canadian Mining & Energy is that the people in the exploration industry are an optimistic bunch. These passionate prospectors confess that this character trait is esse...
161 stories
Dominion Diamond Corporation announces trial results, strategies and departure of CFO
Dominion Diamond Corporation announced successful production trial results from its Misery Main ore body at Ekati, recovering 130,000 carats valued at $72 per carat. The company unveiled a new capital allocation strategy including development of Sable and Jay projects, a share buyback program for up to 7.2% of outstanding shares, and the departure of CFO Ron Cameron.
Geoscience BC announces 2016 scholarship winners
Geoscience BC announced ten recipients of its 2016 scholarship awards, each worth $5,000, bringing the organization's total investment in student geoscience education to $435,000 since 2007. The scholarships support post-graduate students working on British Columbia-based mineral or energy exploration projects, with recipients studying copper, gold, oil and gas projects across the province.
MGX Minerals taking “significant step” in the transition from exploration to mining
MGX Minerals completed a 100-tonne bulk sample at its flagship Driftwood Creek magnesium project in BC and acquired a full-scale pilot plant mill on a trial basis. The company expects to complete its NI 43-101 resource estimate by end of July and aims for production within the year.
Hecla to acquire Mines Management
Hecla Mining Company announced the acquisition of Mines Management Inc. through a share exchange valued at a 41% premium. The deal gives Hecla control of the Montanore project in Montana, considered one of North America's largest undeveloped silver and copper deposits. The transaction is expected to close in Q3 2016 pending shareholder approval.
Margaux Resources announces 2016 drilling program at Jersey Emerald Tungsten-Zinc property
Margaux Resources announced a 2016 drilling program at the historic Jersey Emerald property in southeastern British Columbia, aiming to revitalize one of the Kootenay's oldest mine sites. The property includes Canada's second largest historic tungsten mine and British Columbia's second largest historic lead-zinc mine, both inactive since 1973.
Kennady Diamonds Completes 2016 Winter Drilling Program
Kennady Diamonds completed its most successful winter drilling program to date, drilling 10,712 meters across 74 holes and discovering the new Faraday 3 kimberlite. The company recovered four diamonds from drill core and successfully bulk sampled 580 tonnes from Kelvin North Lobe, with processing expected to yield over 1,200 carats for valuation.
Uranium explorer may have uncovered massive kimberlite field in the Athabasca Basin
CanAlaska Uranium discovered what appears to be a massive kimberlite field in Saskatchewan's Athabasca Basin using government magnetic survey data, revealing 75 kimberlite targets. De Beers has signed a $20.4 million deal to explore the project, validating the region's diamond potential and potentially launching Canada's next diamond boom.
Geoscience BC receives $5 million in new funding from BC government for earth science
Geoscience BC received $5 million in new funding from the BC government to support mineral, water and energy earth science programs. The organization announced it will launch its largest airborne magnetic survey to date this summer - the Search Phase II project covering 24,000 square kilometers in west-central BC. This survey will provide high-resolution magnetic data to identify hidden mineral potential in an area containing former copper-gold mines and the idled Endako molybdenum mine.
UBC and industry partnership spurs metallurgical sector development in BC Interior
UBC has partnered with Teck Metals, Fenix Advanced Materials, and other companies in a $293,000 three-year research project to develop sustainable methods for extracting valuable metals from lead-zinc smelting byproducts. The initiative aims to create economic development opportunities in BC's Southern Interior by turning waste materials into value-added products for secondary industries in the Kootenay region.
Major uranium discovery in Athabasca Basin catalyst for strong partnership
CanAlaska Uranium has partnered with Cameco Corporation for a $12.5 million exploration program at the West McArthur project in Saskatchewan's Athabasca Basin. Cameco will earn a 60% interest by funding exploration of uranium targets adjacent to their Fox Lake discovery, which contains 68.1 million pounds of uranium at 7.99% U3O8 grade.
Signs of diamonds detected in the western Athabasca Basin
CanAlaska has identified 75 potential kimberlite targets in Saskatchewan's western Athabasca Basin using reprocessed government geophysical data, marking the first diamond exploration in this previously ignored region due to thick sandstone cover. The company has staked claims over these magnetic anomalies and is seeking partners to advance diamond exploration while focusing its own resources on uranium projects.
SGS Geostat wins Integra Gold Corp’s Gold Rush Challenge
SGS Geostat won Integra Gold Corp's Gold Rush Challenge, earning $500,000 for developing an innovative exploration proposal that combined traditional geological methods with machine learning and virtual reality. The team analyzed 26 gigabytes of historical data from the Sigma and Lamaque mines in Val-d'Or, Quebec, beating out 100 submissions from over 80 countries.
Tree-top sampling program may help uncover new mineral deposits in B.C.
Geoscience BC completed an innovative helicopter-supported tree-top sampling program, collecting 421 samples from spruce trees across 1,000 square kilometres in central B.C.'s Chilcotin Plateau. The pilot program tested whether trace metals in trees could help identify new mineral deposits in areas that are difficult to access using traditional sampling methods.
Geoscience BC releases first data reports on groundwater aquifers in the Peace Region
Geoscience BC released the first data reports from its Peace Project, a comprehensive groundwater mapping initiative in northeast BC's Peace Region. The project included a 43-day airborne electromagnetic survey covering 8,000 square kilometers and analysis of 1,300 petroleum boreholes to map shallow aquifers. This research will help inform sustainable groundwater management decisions for communities, First Nations, government, and the resource sector.
Report says shrinking land base jeopardizes B.C. mineral exploration
The Association for Mineral Exploration British Columbia released a report warning that shrinking land access for mineral exploration threatens the industry's future in B.C. The report identifies complex government policies and overlapping regulations as key barriers, with land off-limits to exploration increasing from 17.5% to 18.6% since 2014. AME BC is calling for streamlined regulations to protect the 30,000 jobs and economic benefits the sector provides.
Kennady Diamonds discovers third kimberlite at Faraday
Kennady Diamonds has discovered a third kimberlite body at the Faraday cluster within their Kennady North project in the Northwest Territories, with the latest drill hole intersecting over 55 meters of kimberlite. The company is also progressing well with bulk sampling at Kelvin North Lobe, having recovered over 300 tonnes of kimberlite toward a 500-tonne target expected to yield more than 1,000 carats of diamonds.
NexGen Energy calls uranium drilling results, “simply stunning”
NexGen Energy reported exceptional drilling results from its Rook I uranium project in Saskatchewan's Athabasca Basin, with hole AR-16-63c2 recording the strongest radioactivity ever seen at the Arrow zone. The results demonstrate strong continuity in the high-grade A2 sub-zone and suggest significant expansion potential for the deposit.
Tesla co-founder and CTO JB Straubel to share his energy vision with innovators at Discovery 2016
Tesla co-founder and CTO JB Straubel will keynote Ontario Centres of Excellence's Discovery 2016 conference on May 9-10 in Toronto, discussing energy innovation and clean technology business opportunities. The event coincides with OCE's new $74 million Cleantech Innovation Initiative on behalf of the Ontario government.
Land claims largest deterrent to mining investment in B.C.
A Fraser Institute survey reveals that uncertainty over disputed land claims is the biggest deterrent to mining investment in British Columbia, with 77% of respondents citing it as a concern compared to much lower rates in other provinces. Recent Supreme Court decisions have worsened the situation by opening private companies to aboriginal title litigation, putting both existing and future mining projects at risk.
The Rare Earths Market: Thriving, but Threatened by Illegal Mining and Production in China
InvestorIntel announces Professor Dudley Kingsnorth as keynote speaker for the 5th Annual Cleantech & Technology Metals Summit in Toronto, May 10-11. His presentation will focus on how illegal rare earths mining in China threatens global supply chains and non-Chinese producers. The summit features technology metals experts discussing critical minerals demand growth and cleantech industry impacts.
Thinking differently sets Secova Metals apart
Secova Metals Corp. has acquired a 90% stake in the Duvay gold exploration property near Amos, Quebec, in the prolific Abitibi gold belt. The company plans to undertake systematic drilling and 3-D induced polarization surveys this spring, combining historic data with new exploration work to create a comprehensive 3-D model of the gold structure.
Taseko files Supreme Court suit against Government Of Canada
Taseko Mines has filed a civil lawsuit in BC Supreme Court against the Canadian federal government seeking damages related to the 2014 rejection of their New Prosperity Project. The company claims the government failed to meet legal duties owed to Taseko, causing ongoing damages to the multi-billion dollar gold-copper deposit project in BC's Cariboo region.
Airborne survey unlocks resource potential - West-Central British Columbia
Geoscience BC completed a $2.415 million airborne magnetic survey covering 6,700 square kilometres in west-central British Columbia between Terrace, Kitimat and Smithers. The survey, the most detailed ever flown in the region, aims to unlock mineral potential in this under-explored area and guide future land use decisions.
Widow of geologist Michael J. Fitzgerald wins litigation and clears her late husband’s name
Marisa Fitzgerald, widow of geologist Michael J. Fitzgerald, has won a 16-year legal battle against Mountainstar Gold Inc. Multiple courts across jurisdictions cleared her late husband of improper conduct in staking claims that led to Barrick's Goldstrike gold deposit in Nevada. Courts ruled Mountainstar's claims were vexatious and brought in bad faith.