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Minerals.
Minerals play a role in so many aspects of everyday life: they are used to make such things as high-tech components, exquisite jewellery, cosmetics and dietary supplements.
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Rare $10 million 7.5 carat flawless blue diamond arrives in Canada
Flawless Management's CEO Kashif Khan is bringing a rare $10 million flawless 7.5 carat fancy blue diamond to Canada to celebrate the launch of Canada's first rare coloured diamond investment fund. The fund allows Canadians to invest in rare coloured diamonds through registered savings accounts like RRSPs, with pink diamonds having increased 400% in value over the past decade.
Monarques Gold intersects 17.1 g/t Au over 5.9 metres (19.4 feet) on Gold Bug (Croinor Gold)
Monarques Gold reported strong drilling results from its Gold Bug zone, with hole CR-17-532 intersecting 17.1 g/t Au over 5.9 metres within a broader 15-metre-wide shear corridor. The zone lies less than 500 metres from the main Croinor Gold deposit and extends to at least 115 metres depth, with potential to add resources to the existing project.
Geoscience BC releases survey results indicating potential for new mineral deposits in B.C.
Geoscience BC announced results from its Search Phase II Project, the largest geophysical survey conducted in Canada in 2016, covering 24,000 square kilometres in west-central British Columbia. The magnetometer survey indicates potential for new copper, silver, and molybdenum deposits in the region. The survey bridges data gaps and provides continuous coverage over 55,500 square kilometres when combined with previous surveys.
The best bits of the AME Roundup
The AME Roundup 2017 took place January 23-27 in Vancouver, attracting 6,000 participants from over 40 countries under the theme 'Gearing up for Discovery'. The event featured exhibits, core displays, drilling demonstrations, and executive interviews in the mining exploration sector.
Could there be another Sullivan mine-sized deposit near Fort Steele, B.C.?
Kootenay Zinc Corp. is preparing to drill the Sully project near Fort Steele, B.C., following gravity surveys that detected dense masses potentially indicating a large zinc-lead orebody similar to the historic Sullivan mine. The company expects to begin drilling in February 2024 after receiving permits, with initial evaluation potentially taking two years following any discovery.
IDM Mining says Red Mountain project in Golden Triangle on track
IDM Mining reported progress on its Feasibility Study for the Red Mountain gold-silver project in BC's Golden Triangle, building on a July 2016 PEA that showed strong economics with an after-tax NPV of $86.6 million and 32.3% IRR. The company completed infill drilling, metallurgical work, and tailings facility design while working with regulators and the Nisga'a First Nation.
Rock Star: John Francis Hugh Thompson
This is a career profile of John Francis Hugh Thompson, a geologist with extensive experience at major mining companies like Teck and Rio Tinto who now divides his time between teaching at Cornell University and consulting from Vancouver. Thompson discusses industry challenges around public perception, the importance of community engagement, and emerging technologies like sensor-based ore sorting in mining operations.
Association for Mineral Exploration polishes up its corporate identity
The Association for Mineral Exploration British Columbia (AME BC) has rebranded to simply AME as part of a comprehensive identity refresh aimed at strengthening its advocacy role for the mineral exploration industry. The rebrand includes a new logo design and brand standards to better position AME as a leader with 4,200 individual and 400 corporate members primarily in B.C.
Well over a century and counting
Brian Mills' family has operated Genex Mining Co. Ltd., a contract mining company based in Silverton, BC, for nearly 120 years across four generations. The company's major achievement was a $3.5 million contract at the Max Molybdenum Mine from 2006-2011, employing up to 40 people, and now has several prospective projects lined up including work with Golden Dawn Minerals near Greenwood.
Teck Resources reports profit for third quarter
Teck Resources Limited reported third quarter profit attributable to shareholders of $234 million, or $0.41 per share. CEO Don Lindsay leads the diversified mining company through what appears to be a profitable quarter.
Bravura signs definitive property agreement with Golden Predator for gold project
Bravura Ventures has signed an option agreement with Golden Predator Mining to acquire up to 90% interest in the Grew Creek gold project in southeast Yukon. The property has seen over $4.7 million in exploration expenditures and 19,000 meters of drilling across 70 holes since 2010, with the Carlos zone showing 300m strike length of near-surface gold mineralization.
Gem-quality diamonds in Quebec
Stornoway Diamonds officially opened Quebec's first diamond mine, Renard, in October 2016 after 20 years of development and $946 million in financing. The mine is expected to produce higher-quality gem diamonds than the world average, with 99% of production destined for the jewelry trade and employs 450-500 people.
Gold Mine Exploration 101
Premier Gold Mines President Ewan Downie outlines the typical 10-year process for developing a gold mine from discovery to production, using the company's Trans-Canada property as an example. The company currently has eight properties at various stages of the development process and is nearing completion of a feasibility study for Trans-Canada in partnership with Centerra Gold.
“This could turn out to be one of the biggest finds in the whole Kootenay, by far.”
Darrel Davis has discovered an exceptionally high-grade gold deposit near Trout Lake, B.C., with assay results showing up to 19 ounces per tonne gold across a 24-metre-wide vein. Davis, who owns Davis Mining and Exploration Corporation, plans diamond drilling in spring to determine the full extent of what he calls one of the richest finds in the last hundred years.
Monarques Gold awards Ressources Ménitik a contract to upgrade the Chimo Road
Monarques Gold awarded Ressources Ménitik the contract to upgrade Chimo Road to enable installation of a 26-kilometre power line for the Croinor Gold deposit. The power line will reduce production costs and environmental impact, with Quebec providing up to $2.74M in grants for the project.
Summer drill program finished at West Athabasca Diamond Project
CanAlaska Uranium completed its summer drill program at the West Athabasca Diamond Project with partner De Beers, drilling 7 of 11 planned targets but intersecting no kimberlite. High water levels prevented access to remaining targets, which will be deferred until winter freeze conditions allow better site access.
Cobalt demand grows
Fortune Minerals discusses growing cobalt demand driven by electric vehicle battery production and positions its NICO project in the Northwest Territories as a strategic North American alternative to Congo-sourced cobalt. The company has invested $115 million in the polymetallic deposit which contains cobalt, gold, bismuth and copper, and seeks $600 million in project financing to build the mine, mill and refinery.
TMAC Resources is building Canada’s next gold mining district
TMAC Resources is advancing construction of the Hope Bay Project in Nunavut, with processing plant delivery marking a major milestone toward first production. The company has 4.5 million ounces of gold in mineral resources across three deposits and expects to commission the processing plant by year-end with 110,000 tonnes of stockpiled ore.
NioCorp completes five pilot plant runs as part of its Elk Creek Project feasibility study
NioCorp successfully completed five metallurgical pilot plant runs at SGS Lakefield testing its scandium, niobium, and titanium production processes for the Elk Creek Project. The pilots demonstrated continuous operation capabilities with excellent performance, including less than 1% scandium losses in solvent extraction operations. These results provide critical data to advance the project's feasibility study toward completion.
Joint ventures in Quebec’s Arctic region
Avataa Explorations and Logistics, an Inuit-owned company from Nunavik, has formed Avataa Rouillier Drilling in partnership with Quebec's Forages Rouillier Drilling. The joint venture aims to provide local drilling services in Quebec's Arctic region while training Indigenous workers, addressing the region's reliance on costly southern suppliers.
Nevada Exploration seeks gold deposits by analyzing groundwater
Nevada Exploration Inc. is using innovative groundwater chemistry analysis to explore for gold deposits hidden beneath Nevada's valleys, where traditional exploration methods are ineffective. The Vancouver-based company has built Nevada's largest groundwater chemistry database with over 3,000 samples and is the first to use this technique for gold exploration in the state. The company recently acquired a new small-diameter reverse-circulation drill to test more targets cost-effectively.
Global mining sector prepares to meet with renewable energy leaders in Toronto
Energy and Mines World Congress brings together over 40 senior mining leaders with renewable energy experts in Toronto on November 21-22, 2016. The event focuses on collaboration between mining and renewables to reduce energy costs and carbon exposure, featuring case studies from global mining operators including Goldcorp, Barrick Gold, and Newmont.
CanAlaska to survey Alberta Kimberlite targets
CanAlaska Uranium announced it has contracted Goldak Airborne Surveys to conduct high-definition airborne magnetic surveys over its 100% owned Alberta diamond exploration property. The company holds over 290,000 acres across three diamond projects northeast of kimberlite indicator minerals discovered in the Fort McKay - Fort McMurray area, with surveys showing circular magnetic anomalies similar to those found in Saskatchewan.
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.
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