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Azincourt Energy commences phase one drilling At East Preston Uranium Project, Saskatchewan
Azincourt Energy has commenced phase one drilling at its East Preston uranium project in Saskatchewan's western Athabasca Basin, targeting multiple conductive anomalies with potential for basement-hosted uranium deposits. The company also closed a $1.22 million private placement to fund the exploration program.
IsoEnergy continues to intersect strong pitchblende uranium mineralization at Hurricane Discovery
IsoEnergy completed its winter drilling campaign at the Hurricane zone discovery on its Larocque East Property in Saskatchewan, intersecting strong uranium mineralization across a minimum 150m strike length. The final two drill holes confirmed high-grade pitchblende mineralization with significant radioactivity readings, expanding the known deposit dimensions to over 150m long by 38m wide and up to 8.5m thick.
Budget 2019 Positive for Canada’s Mining Sector
The Mining Association of Canada welcomed Budget 2019, which commits over $700 million over 10 years to Arctic communities and includes $400 million for northern trade corridors. The budget addresses critical infrastructure deficits that make northern mining 2-2.5 times more expensive than southern operations.
Newcrest to acquire potential Tier 1 orebody in Canada
Newcrest Mining Limited has agreed to acquire a 70% joint-venture interest and operatorship of the Red Chris copper-gold mine in British Columbia for US$806.5 million. The mine has Mineral Resources of 20 million ounces of gold and 13 billion pounds of copper, with potential to become a Tier 1 operation through block caving technology.
Royal Canadian Mint announces new Maple Leaf Bullion Coins and latest ‘Call of the Wild’ series
The Royal Canadian Mint announced three new bullion coin releases including double-incuse Gold and Silver Maple Leaf coins and a new Moose-themed gold coin in their 'Call of the Wild' series. The new coins feature enhanced security features and the gold coins offer 99.999% purity, marking the 40th anniversary of the Gold Maple Leaf series.
Good Jobs, Competitive Pay, Interesting Work - Why Aren’t Women Applying?
Engineers and Geoscientists BC is promoting the 30 by 30 strategy to increase newly licensed female engineers from 12% to 30% by 2030. The organization is using career outreach, school presentations and mentorship programs during National Engineering and Geoscience Month to address gender disparity in technical professions.
Nevada joint venture creates the world’s largest gold mining operation
Barrick Gold and Newmont Mining signed an implementation agreement to create a joint venture at the Nevada Complex, making it the world's largest single gold producer. The JV operations produced 4.1 million ounces in 2018, more than three times larger than the next biggest gold operation.
New report shows urgent need for additional government support to enhance mining competitiveness
The Mining Association of Canada released its annual Facts & Figures report showing Canada's mining competitiveness has deteriorated significantly over the past decade. Canada has lost its top-five producer ranking for seven out of 16 commodities in five years, while exploration investment share has fallen for six consecutive years and planned project values dropped 55% since 2014.
Teck reports 2018 Sustainability Performance
Teck Resources released its 18th annual Sustainability Report, highlighting 2018 performance including record financial results and progress toward 2020 sustainability goals. Key achievements included $209 million spent with Indigenous businesses (up 47% since 2015), 289 kilotonnes of CO2e emission reductions since 2011, and agreements with all Indigenous communities near its Quebrada Blanca Phase 2 project in Chile.
ICBA wins North American Trade Association of the Year
The Independent Contractors and Businesses Association (ICBA) won six Reed Awards including North American Trade Association of the Year for 2019. Their 'Big Gas' campaign promoting Canadian natural gas won multiple categories and was viewed over 400,000 times on social media.
Defense Metals Corp. provides operational update on Wicheeda
Defense Metals Corp has commenced Phase 1A metallurgical testing on a 30-tonne bulk sample from its Wicheeda rare earth element project in British Columbia at SGS Labs. The testing aims to develop a robust flowsheet for producing high-grade REE flotation concentrates, with plans to produce 20 kg of concentrate followed by Phase 1B hydrometallurgical testing by end of May.
Taseko completes acquisition of Yellowhead Mining
Taseko Mines completed its acquisition of Yellowhead Mining Inc., acquiring all outstanding shares through a share exchange of 1.1484 Taseko shares for each Yellowhead share. The company plans to initiate environmental reviews and issue a new 43-101 technical report by end of 2019, positioning the copper project to potentially follow the startup of their Florence Copper Project.
Cummins turns 100
Cummins Inc. is celebrating its 100-year anniversary, marking a century since its founding in Columbus, Indiana in 1919. The company has grown from four employees to a global workforce of over 58,000, expanding into diesel, natural gas, and electrification technologies. The celebration emphasizes the company's commitment to innovation and its 'Challenge the Impossible' philosophy.
Kutcho Copper signs exploration agreement with Kaska Nation and provides corporate update
Kutcho Copper signed an exploration agreement with Kaska Nation for its high-grade copper-zinc project in northern BC, marking a significant milestone for Indigenous partnership. The company secured a $1.5 million lending facility and announced its feasibility study will be completed in Q2/Q3 2019, with key milestones including an updated resource estimate and Environmental Assessment submission.
Mining Association of B.C. commends new resources for Ministry in Budget 2019
The Mining Association of BC welcomed the provincial government's Budget 2019 commitment of $20 million over three years for additional funding to the Ministry of Energy, Mines and Petroleum Resources. The association has advocated for better-resourced regulatory systems to address competitiveness challenges facing BC's mining industry. Budget 2019 also allocated $168 million over three years for the CleanBC Program to help industrial producers including mines reduce greenhouse gas emissions.
Restart of Pointe-Noire Pellet Plant Proposed
Bedrock Industries and the United Steelworkers have agreed to begin discussions for a new collective agreement to restart the idled Pointe-Noire iron ore pellet plant in Quebec. The facility was closed in 2013 when previous owner Cliffs Natural Resources filed for bankruptcy protection in 2014.
Two TVO original documentaries Northern Gold and The Shadow of Gold focus on impact of gold
TVO is premiering two original documentaries in March focusing on the impact of gold mining - 'Northern Gold' examining the history of Timmins and 'The Shadow of Gold' exploring global gold mining economics and environmental costs. The documentaries give voice to miners and communities affected by gold extraction in Ontario and worldwide.
Women in Mining announces CEO Marie Inkster as keynote speaker at Mining for Diversity Reception
Women in Mining Canada announced Marie Inkster, President and CEO of Lundin Mining, as keynote speaker for the Mining for Diversity Reception at PDAC 2019. The event celebrates women's achievements in mining and presents various awards including Trailblazer and mentorship recognition.
Teck reports unaudited annual & fourth quarter results: 2018
Teck Resources reported record annual profit of $3.1 billion for 2018, with strong operational performance across steelmaking coal and Fort Hills oil sands operations. The company approved construction of the Quebrada Blanca Phase 2 copper project with $1.2 billion in partner funding from Sumitomo.
North American Palladium ramps up exploration program
North American Palladium has identified seven underground exploration targets and several near-surface targets at its Lac des Iles Mine, with the best 2018 result being 138 metres of 3.02 g/t palladium from the B3 Zone. The company plans to spend a minimum of $16M on exploration in 2019 and has commenced development of an exploration drift to access the high-potential Camp Lake target.
Fura pilots Provenance Proof Blockchain to promote transparency in coloured gemstone industry
Fura Gems has partnered with Gübelin Gem Lab and Everledger to launch the first blockchain technology platform for the coloured gemstone industry, using emeralds from its Coscuez mine in Colombia to test the system. The Provenance Proof Blockchain provides free, smartphone-accessible supply chain transparency and traceability for gemstones from mine to market.
Troilus launches 40,000 metre drill program
Troilus Gold Corp. has launched a 40,000-metre drill program at its Troilus Project near Chibougamau, Quebec, building on 2018 results that increased mineral resources by 90%. The two-phase program will focus on expanding open pit potential and confirming extensions of historic mineralization at the former producing gold-copper mine.
Skyharbour option partner Orano Canada commences winter diamond drill program at Preston Uranium
Orano Canada has commenced a 3,600 metre winter diamond drilling program at Skyharbour's Preston Uranium Project in Saskatchewan's Athabasca Basin. The program includes 11-15 drill holes targeting JL and FSA grids, with a planned CAD $2.2 million budget for 2019 exploration activities. Under their option agreement, Orano can earn up to 70% interest in the project through $8 million in total consideration over six years.
AME Responds to B.C. Budget 2019
The Association for Mineral Exploration (AME) responded positively to B.C. Budget 2019, which includes additional funding for the Ministry of Energy, Mines and Petroleum Resources to improve permitting timelines and support Indigenous engagement. The budget also commits to implementing Mining Jobs Task Force recommendations and makes permanent the Mining Flow-Through Share tax credit and B.C. Mining Exploration Tax Credit.
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