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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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De Beers completes KIM sampling at West Athabasca
De Beers has completed collection of over 100 kimberlite indicator mineral samples from CanAlaska's West Athabasca diamond project in Saskatchewan. The samples will be processed to establish evidence for kimberlite intrusives, with a high-resolution airborne magnetic survey planned to prepare targets for drilling under their $20.4 million exploration agreement.
Canpotex nixes new Prince Rupert export terminal
Canpotex has decided not to proceed with construction of a new export terminal at the Port of Prince Rupert after determining it has sufficient capacity at existing terminals in Vancouver, Saint John and Portland. The decision was based on economic and commercial considerations regarding current and future capacity needs.
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.
Lucara sells 813 carat diamond for US $63 million—highest price ever achieved for a rough diamond
Lucara Diamond Corp sold an exceptional 813 carat diamond from its Botswana Karowe mine for US$63 million, setting a record as the highest price ever achieved for a rough diamond. The Vancouver-based company retains a 10% interest in profits from the eventual polished diamond sales and has another massive 1,109 carat diamond set for auction at Sotheby's.
The Bunce family is giving the world Jade Fever
The Bunce family's jade mining operation in northern British Columbia has gained international attention through Discovery Channel's 'Jade Fever' reality TV show, now filming its third season. The show has significantly boosted tourism to their remote Jade City location, with visitors from around the world, while the family continues operating multiple jade mining companies including Dynasty, Dease Lake Jade Mining, and the newly formed Jade Fever company.
BC’s Auditor General issues scathing report on Mount Polley disaster
BC's Auditor General released a scathing report criticizing the province's mining regulatory oversight following the Mount Polley tailings dam failure. The report found major gaps in compliance and enforcement that failed to protect against environmental risks, with the disaster releasing 25 million cubic metres of wastewater into water systems.
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.
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.
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.
Cameco commences drilling at CanAlaska’s West McArthur Project
Cameco has commenced drilling at CanAlaska's West McArthur Project under an option agreement allowing Cameco to earn up to 60% interest through $12.5 million in expenditures. The drilling targets the Grid 5 area, believed to host the western extension of mineralization being explored at Cameco's nearby Fox Lake discovery, which contains 68.1 million pounds of inferred uranium resources.
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.
Vale’s CEO dies in kit-built aircraft crash
Vale's former CEO Roger Agnelli died in a private aircraft crash in Brazil along with his family. Agnelli transformed Vale from a state-owned company into the world's largest iron ore producer during his tenure from 2001-2011.
Gold panning is still alive and well on the Wild Horse River near Fort Steele, B.C.
Stephen Lathem operates the Nip & Tuck Gold Mine on the Wild Horse River near Fort Steele, B.C., where he has been successfully extracting gold for over 20 years. His operation includes both commercial mining and tourist gold panning experiences, with his largest find being a 2-ounce nugget in 2015. Lathem reports weighing his gold production in pounds rather than grams or ounces, challenging the belief that historic miners extracted all available gold from the area.
Hatch marks new era of positive change
Engineering consultancy Hatch announced a strategic repositioning to address changing market conditions affecting mining and energy clients. CEO John Bianchini outlined the company's enhanced services strategy at PDAC 2016, emphasizing innovation partnerships and improved client service delivery.
Mining still strong
Pierre Gratton, CEO of the Mining Association of Canada, addressed a chamber of commerce luncheon in Cranbrook, B.C., acknowledging current economic challenges while expressing optimism about the medium and long-term prospects for Canadian mining. He highlighted that mining accounts for 20% of Canadian exports and directly employs over 375,000 people, emphasizing the need for Canada to prepare for the next upswing through infrastructure improvements and streamlined processes.
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.
First Elk Valley water treatment facility begins full operations in Sparwood, B.C.
Teck Resources has successfully commissioned its first water treatment facility in the Elk Valley, achieving 100% of design targets for selenium removal. The $120 million West Line Creek facility reduces selenium by 96% and nitrate by 99% from mine-affected water at the Line Creek Operations.
PDAC recommends measures to support the Canadian mineral exploration sector in pre-budget submission
PDAC submitted pre-budget recommendations to the federal government calling for a temporary increase of the Mineral Exploration Tax Credit to 30% and dedicated infrastructure funding for northern Canada. The submission highlights that exploration financing has fallen over 90% since 2007, threatening Canada's junior exploration sector.
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.
Canada’s role in the Trans Pacific Partnership points to a flourishing metals and minerals industry
Canadian mining industry leaders strongly support Canada's participation in the Trans Pacific Partnership (TPP) trade agreement, which represents 800 million consumers and $28.5 trillion GDP. The agreement will reduce tariffs currently ranging from 7.9-50% on Canadian metal and mineral exports, while providing investment protection and dispute resolution mechanisms for mining companies operating internationally.
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.
PDAC 2016 convention brings 24,000 to Toronto
PDAC 2016 convention is scheduled for March 6-9 in Toronto, expecting 24,000 attendees based on the previous year's success of 23,500 participants from 116 countries. The event will feature 1,400 exhibitor booths and inject $70 million into the local economy, positioning itself as the world's largest mining industry event.
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