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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...
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Kaminak Gold Corporation announces positive feasibility study results on Yukon Coffee Gold Project
Kaminak Gold completed a positive feasibility study for its Coffee Gold Project in Yukon, showing a C$455 million NPV and 37% IRR with 10-year mine life producing 184,000 ounces annually. The company plans to begin permitting in 2016 with mine construction targeted for mid-2018, supported by $28 million in current financing.
David Rhys, structural geologist, makes his way in the mining industry on his own terms
Structural geologist David Rhys shares his career journey from UBC's Mineral Deposit Research Unit to founding consulting firm Panterra Geoservices. He discusses the evolution of the mining industry over two decades, highlighting advances in geological understanding and technology while addressing challenges like anti-mining sentiment and the need for deeper exploration as surface deposits become scarce.
Companies pledge to spend $1.2B on Newfoundland offshore oil exploration
Several multinational oil companies committed over $1.2 billion for exploration rights in 11 parcels around Newfoundland's offshore Flemish Pass basin, representing the largest ever bid for oil exploration rights in the province. The parcels are estimated to contain 12 billion barrels of oil and 113 trillion cubic feet of gas potential. Statoil led six of seven successful bids alongside partners including ExxonMobil, BP, Chevron and others.
Vancouver-based Lucara makes diamond history; recovers 1,111 carat diamond
Vancouver-based Lucara Diamond Corp. recovered a 1,111 carat gem quality diamond from its Karowe Mine in Botswana, making it the world's second largest gem quality diamond ever found and the largest recovered through modern processing. The historic discovery was made possible by newly installed Large Diamond Recovery XRT machines and represents exceptional value from the mine's south lobe.
Westhaven commences drilling on its Shovelnose Gold property
Westhaven Ventures has commenced a 1,500-metre diamond drilling program at its Shovelnose gold property in British Columbia's Spences Bridge Gold Belt. The program aims to expand and outline the newly recognized epithermal gold system, building on previous drilling that intersected 50.4 metres grading 0.54 g/t Au and 4.77 g/t Ag. The company has completed 24 drill holes to date, all encountering gold and silver mineralization.
Integra Gold launches a gold rush challenge
Integra Gold launched a crowd-sourced Gold Rush Challenge inviting global participants to analyze 75 years of historical mining data from the Sigma and Lamaque properties to identify the next major gold discovery. The competition offers a $1 million prize and runs until December 2015, with finalists presenting at PDAC 2016 in a Shark Tank-style event.
Boart Longyear launches MDR700, the next generation underground coring rig with advanced mobility
Boart Longyear launched the MDR700, a next-generation underground coring rig featuring advanced mobility with a Manitou four-wheel drive carrier. The rig demonstrates 80% faster movement between holes compared to regular underground exploration rigs and offers 270-degree drilling angles with enhanced safety controls.
Benton Resources receives Newfoundland drill permit
Benton Resources has received a drilling permit for the Staghorn gold property in Newfoundland, planning a 1,000-1,500 metre diamond drilling program starting in late October. The program will target high-grade zones including Ryan's Hammer trend with grab samples up to 31 gpt gold and Rich House zone with samples up to 189.2 gpt gold.
Steel cutting marks start of physical construction of Nautilus’ production support vessel
Nautilus Minerals commenced steel cutting for its production support vessel at Fujian Mawei Shipbuilding in China, marking the start of physical construction for the world's first commercial seafloor copper-gold mining operation. The vessel will support operations at the Solwara 1 Project in Papua New Guinea's Bismarck Sea, with delivery expected in December 2017 and seafloor operations planned to begin in Q1 2018.
Kaminak announces new, Northern access road route to Coffee Project endorsed by First Nation
Kaminak Gold has selected a northern access route from Dawson City to its Coffee gold project in Yukon, requiring only 30 km of new construction out of 190 km total. The route has received strong support from the Tr'ondëk Hwëch'in First Nation and is expected to cost less than the previously estimated $35 million southern route.
Pretium Resources Inc. raises US$540 million in construction financing for Brucejack Project
Pretium Resources secured US$540 million in construction financing to develop the underground Brucejack gold mine. This substantial funding package will cover a significant portion of the project's development costs.
Gold Hill property hopes to hit originating source of Wild Horse Gold
American Creek Resources has acquired the Gold Hill property in British Columbia's historic Wild Horse Creek gold rush area, where $15-30 million worth of gold was extracted starting in 1864. The company has begun initial field work and is evaluating multiple partnership offers for the 418-hectare property.
Update on the Pretium Resources Brucejack Project
Pretium Resources has received all major regulatory permits required to begin development of its Brucejack gold project in northern British Columbia. The permits allow construction of a 2,700 tonnes per day processing plant and underground mine development, with commercial production targeted for 2017.
Goldcorp and Teck Combine El Morro and Relincho Projects in Chile
Goldcorp and Teck are combining their El Morro and Relincho projects in Chile's Atacama region into a single operation. The combination appears aimed at reducing costs or improving project economics by leveraging the proximity of the two properties.
Altitude/JOGMEC receives approval for Palisades Coal Project drill program near Hinton
Altitude Resources and Japan's JOGMEC joint venture received Alberta regulatory approval for a 3,240-meter drill program at the Palisades coal project near Hinton. The program will consist of 18 drill holes and aims to update the current 12 million tonne inferred coal resource estimate with results expected in Q4 2015.
Santa Fe Metals exploring near historic Sullivan mine
Santa Fe Metals sold its Mexican Cuatro Cienegas property for $150,000 to focus entirely on large-scale zinc-lead-silver targets in southeastern British Columbia, including the Sully project located 30km from the historic Sullivan Mine. The company has defined twin parallel vertical targets at Sully with over 2,000m strike length and recent drilling passed within 100m of the East mass target.
Integra Gold Corp. launches $1,000,000 crowd-sourcing gold rush challenge
Integra Gold Corp. launched an unprecedented $1,000,000 crowd-sourcing challenge to find new gold targets at its Sigma-Lamaque property in Quebec. The company is releasing 6 terabytes of historical mining data spanning 75+ years to the public in September, including over 30,000 drill holes and 50,000 gold assays. Winners will be announced at PDAC in March.
Teck among final bidders for $2B Chilean copper mine
Barrick Gold Corp. is seeking a buyer for a 50% stake in its Zaldivar copper mine in Chile, with the asset potentially valued at over $2 billion. BHP Billiton and Teck Resources are among the final bidders, with some parties interested in acquiring the entire mine and a decision expected in July.
Forward thinking is key for Alloycorp Mining, Inc.
Alloycorp Mining is developing the $1-billion Avanti Kitsault molybdenum project in northern BC, aiming to be among the world's top four primary molybdenum producers. The company has implemented innovative technologies and secured a $300-million German financing guarantee, with production expected to begin in 2018.
New Nadina Explorations wins land issue appeal
New Nadina Explorations won a Court of Appeal case that allows the company to continue exploration work on its Silver Queen property in BC. The court rejected arguments from landowners who were trying to block access to land where New Nadina discovered a copper-molybdenum-gold porphyry system in 2011.
Northern Shield Identifies Extensive Cu Mineralization From Sampling at its Huckleberry Project
Northern Shield Resources reported high-grade copper mineralization from reconnaissance sampling at its Huckleberry project in Quebec, with results up to 10.6% Cu and 16.9 g/t Pt+Pd+Au. The company identified four distinct mineralized zones across a 950-meter strike length, with the lower glomeroporphyritic gabbro zone showing the strongest results. The discovery is significant as it suggests a large-scale magmatic copper system with valuable platinum group element credits.
Say ohm
Aurora Geosciences has been conducting exploration work at Kennady Diamonds' Kennady North project in the Northwest Territories since 2012, using proprietary geophysical technology including the 'ohmmapper' tool. The project, located adjacent to the Gahcho Kué diamond mine, has identified four kimberlites and demonstrates the potential for discovering deeper, irregularly shaped diamond-bearing bodies using high-resolution geophysical techniques.
Imperial Oil to build next generation research facility in Calgary
Imperial Oil has broken ground on a new state-of-the-art oilsands research facility in Calgary that will open in 2017, focusing on improving recovery efficiency and reducing environmental impact. The facility will develop technologies like electrical co-generation and non-aqueous extraction methods to reduce greenhouse gas emissions and water consumption. These innovations are already being tested at Imperial's Kearl project, a 4.6 billion barrel deposit north of Fort McMurray.
M&E at the Mineral Exploration Roundup
The 2015 Mineral Exploration Roundup in Vancouver attracted over 6,700 participants from 35 countries, showcasing junior exploration projects and new mining technologies. The event highlighted sustainability themes and featured autonomous drones making inroads into the mining industry, while emphasizing youth engagement in mining careers.