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Kennady’s 2018 winter exploration program begins
Kennady Diamonds has launched its 2018 winter exploration program at the Kennady North diamond project in Northwest Territories, planning 10,500 meters of drilling through mid-May. The program focuses 60% on grassroots exploration targets and 40% on delineation drilling at the Faraday kimberlites, with the company having closed $2.5M in financing to fund operations.
Mineral Explorers respond to tabling of Impact Assessment Bill
The Association for Mineral Exploration (AME) welcomed the federal government's tabling of Bill C-69, new impact assessment legislation aimed at restoring public trust in environmental assessment while establishing firm deadlines and 'one project, one assessment' framework. AME views this as a promising step toward attracting investment in mineral exploration and enabling new mine development in Canada.
Teck predicts strong demand for steelmaking coal – “feeling pretty good about 2018”
Teck Resources reported optimistic Q4 2017 results and forecasts strong steelmaking coal demand in 2018, predicting 26-27 million metric tons of production despite closing its Coal Mountain operations. CEO Don Lindsay expressed confidence that growing global steel production and ongoing supply issues at Australian mines will support both demand and prices.
Seabridge Gold’s growing Iron Cap deposit could offer alternative development for KSM Project
Seabridge Gold is considering moving its Iron Cap deposit earlier in the KSM Project mine sequence based on encouraging 2017 drilling results that suggest improving size and grade. The deposit could now be developed sooner than the current plan of year 32, potentially improving project economics by deferring capital costs and bringing better grades forward.
Canadian M&A activity was a big deal in 2017
PwC Canada reported that M&A activity in Canada reached a five-year high in 2017 with 2,274 deals worth over USD$1M, representing a significant increase from 1,956 deals in 2016. The technology sector led activity with a 34% increase in deal volume, while outbound deals to the US reached nearly 60% of all outbound transactions.
IsoEnergy begins drilling program to extend high grade uranium at the Geiger property
IsoEnergy has launched a 2,800-metre drilling program at its Geiger uranium property in Saskatchewan's Athabasca Basin, targeting extensions of high-grade basement-hosted mineralization. Previous drilling intersected 2.74% U3O8 over 1.2 metres, with the new program focusing on two target areas around known mineralization to determine orientation and morphology of the uranium systems.
Glacier Lake signs drilling contract for Silver Vista
Glacier Lake Resources has signed a drilling contract with Titan Diamond Drilling to conduct 1,500-2,500 metres of diamond drilling at its Silver Vista copper-silver project in British Columbia. The program will focus on the MR showing, which historically returned significant intercepts including 36.58 metres at 0.49% Cu and 26.8 gpt Ag. The company aims to verify historical results and expand the known mineralization zone.
Innovation Metals Corp. announces success with brine and battery-grade lithium carbonate
Innovation Metals Corp. announced successful separation of lithium from brines using its proprietary RapidSX process, achieving >99.7% purity and positioning the company to produce battery-grade lithium carbonate. The technology offers significant advantages including 20-25% higher recoveries, smaller footprint, and lower capital costs compared to conventional evaporation pond methods.
K+S Potash Canada honoured to be named one of Saskatchewan’s Top Employers
K+S Potash Canada has been named one of Saskatchewan's Top Employers for the fifth consecutive year, following its recognition as one of Canada's Top 100 Employers in 2018. The company's Bethune mine began commercial operations in 2017, marking the first new solution potash mine in Saskatchewan in nearly 50 years.
New Geoscience BC data to spark mineral exploration investment in northern BC
Geoscience BC released new geoscience data from its Search Phase III project covering 9,600 km² of northern BC, designed to guide mineral exploration and land planning. The $1.7 million project involved helicopter-mounted magnetometer surveys over 40,000 km of flight paths, highlighting potential copper and other metal deposits with unprecedented accuracy.
COREM announces the appointment of its new President and CEO
COREM, Canada's largest mineral processing research centre, appointed Francis Fournier as President and CEO effective January 15, 2018, succeeding Claire Lavallée. Fournier brings over 20 years of innovation sector experience, primarily with FPInnovations, and expertise in strategic partnerships and R&D operations.
Fireweed provides update on status of PEA and Appointment of Oversight Engineer
Fireweed Zinc has accelerated work on its Preliminary Economic Assessment for the Macmillan Pass Zinc Project following an updated mineral resource estimate. The company has commissioned JDS Energy & Mining to oversee the PEA study and appointed experienced mine engineer Tim Oliver as Oversight Engineer, with completion expected in Q2 2018.
Mining industry responds to tabling of federal environmental legislation
The Mining Association of Canada is reviewing proposed federal environmental legislation including the Impact Assessment Act and amendments to the Fisheries Act and Navigation Protection Act. While the legislation introduces new concepts that could impact industry competitiveness, MAC is encouraged by the government's $1 billion investment over five years to ensure adequate implementation capacity.
Kootenay West gypsum mine granted an environmental assessment certificate
CertainTeed Gypsum Canada Inc. has received an environmental assessment certificate for its Kootenay West gypsum mine in British Columbia, a 135-hectare open-pit operation expected to produce 400,000 tonnes annually over 43 years. The project will replace the company's existing Windermere Operations near Invermere and includes extensive environmental protections developed in collaboration with the Ktunaxa Nation and Shuswap Indian Band.
Colorado drills 188 meters of 0.41 g/t Au and 0.32% Cu extending mineralization at North ROK
Colorado Resources reported results from a 2,529.4m six-hole drilling program at the Mabon Zone of its North ROK Project in northwestern British Columbia. The program successfully extended known mineralization beyond the 2014 Inferred Resource limits, with the best intersection being 188m of 0.41 g/t gold and 0.32% copper. The results demonstrate that porphyry copper-gold mineralization extends over apparent widths up to 200m along a 600m strike length to depths of 500m.
Monarques Gold produces 5,444 ounces of gold and generates $10.3 million in revenue in Q2 2018
Monarques Gold Corporation reported strong Q2 2018 production of 5,444 ounces of gold, representing a 62% increase over the previous quarter, and generated $10.3 million in revenue. The company also announced excellent drilling results from its Beaufor mine, including 61.48 g/t Au over 3.9 metres, demonstrating strong exploration potential.
Mountain Province Diamonds provides exploration update on southwest corridor at the Gahcho Kué Mine
Mountain Province Diamonds reported successful exploration results from the Southwest Corridor at Gahcho Kué Mine, intercepting kimberlite in all six holes drilled to date. The company has completed 70% of a ground gravity survey that identified a potential new target between Tesla and Tuzo pipes, with drilling expected to continue until mid-March 2018.
Westhaven commences ground geophysics on its Shovelnose Gold Property
Westhaven Ventures has commenced ground geophysics on its 18,768-hectare Shovelnose gold property in BC's Spences Bridge Gold Belt. The company is conducting 11 line kilometres of ground magnetics to extend coverage south of the Alpine South Zone and improve drill targeting following recent drilling that intersected 85 metres of 0.52 g/t Au.
Boreal Metals Corp. announces execution of Definitive Agreement to acquire Cobalt Project in Norway
Boreal Metals Corp. executed a definitive agreement with EMX Royalty to acquire the 12,000-hectare Modum cobalt project in Norway, which surrounds Europe's historic largest cobalt producer. The acquisition positions Boreal in the Nordic battery supply chain as demand for ethically-sourced cobalt increases for electric vehicle batteries.
McEwen Mining reports 2017 full year and Q4 production results
McEwen Mining reported consolidated 2017 production of 109,947 gold ounces and 3,178,742 silver ounces (152,329 gold equivalent ounces). The company overcame a serious crusher failure at Black Fox mine to achieve 93% of annual guidance, while Q4 production was strong at 19,893 gold equivalent ounces.
FPX Nickel reports new surface samples expanding large-scale Van Target at Decar Nickel District
FPX Nickel announced new surface sampling results from the Van Target at its Decar Nickel District in central BC, defining a 2.9 square kilometer mineralized area with DTR nickel grades comparable to the company's Baptiste deposit. The Van Target is now considered drill-ready and potentially more compelling than Baptiste was before initial drilling in 2010.
Azincourt Energy signs Definitive Agreement to acquire five lithium projects in Manitoba
Azincourt Energy signed a definitive agreement to acquire up to 100% interest in five lithium exploration projects covering 6,000 hectares in Manitoba's Winnipeg River Pegmatite Field. The projects include drill-ready targets with historical estimates and recent sampling showing lithium grades up to 4.33% Li2O, positioning the company in Canada's premier lithium district.
Golden Dawn completes dewatering at Greenwood Precious Metal Project
Golden Dawn Minerals has completed dewatering at its Lexington mine within the Greenwood Precious Metal Project in BC, finding underground workings in excellent condition. The company is advancing toward production restart in Q2 2018 with $2 million in remaining startup costs and completed a $337,500 private placement financing.
Skeena intersects 19.26 g/t gold over 11.85 metres at Snip
Skeena Resources reported high-grade gold intersections from underground drilling at its Snip project in BC's Golden Triangle, with the standout result of 19.26 g/t gold over 11.85 metres from hole UG17-035. The drilling successfully extended the Twin Zone mineralization and identified new zones like the 412 Zone, with results still pending from 21 additional holes.