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Ontario.
Producing more than $10 billion worth of minerals per year, Ontario has a distinct presence in the mining community. This province has experienced a number of gold rushes and mineral discoveries in its history, and has a wealth of potentia...
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Pure Gold Test Mining returns an estimated 56% more gold than predicted from resource model
Pure Gold Mining completed test mining at its Madsen Gold Project in Ontario, extracting 7,096 tonnes of mineralized material that returned an average grade of 10.2 g/t gold. The bulk sample program delivered 56% more gold than predicted from the resource model, with excellent ground conditions and strong visual mineralization validating the geological model for the ongoing feasibility study.
GFG begins drilling at its Pen Gold Project west of Timmins, Ontario
GFG Resources has begun drilling at its Pen Gold Project west of Timmins, Ontario, with a Phase 1 program targeting 5,000-6,000 metres across 25-30 holes. The program will test 15 priority targets across three regional areas (Deerfoot, Reeves, Jehann) with historical intercepts including up to 60.0 g/t Au over 1.3m at the Sewell occurrence. This marks an exciting advancement for the company's 100% owned project in the highly prospective Abitibi greenstone belt.
De Beers Victor Mine marks a decade of historic achievement
De Beers celebrated the 10th anniversary of production at its Victor Mine in northern Ontario, marking a decade of successful diamond mining operations. The mine has recovered 7.2 million carats of diamonds and exceeded original feasibility forecasts while maintaining an award-winning safety record. Operations will continue through 2019 before pit depletion leads to mine closure.
Victor Diamond Mine marks a decade of historic achievement for De Beers
De Beers Canada celebrated the 10th anniversary of the Victor Diamond Mine, Ontario's first and only diamond mine, which has produced 7.2 million carats since opening in 2008. The mine, recognized as Canada's safest mine, is preparing for closure in 2019 while continuing strong production and implementing comprehensive land reclamation efforts.
Rock Tech completes hydrogeological survey at Georgia Lake
Rock Tech Lithium completed a hydrogeological survey at its Georgia Lake lithium property in Ontario's Thunder Bay Mining District as part of its first Preliminary Economic Assessment. The survey by DMT GmbH found low groundwater permeabilities that should not pose major challenges for mining drainage, supporting the feasibility of the project which contains 13.29 million tonnes of lithium resources.
Hydrogen news: North America’s first major power-to-gas energy storage facility now open
Enbridge Gas Distribution and Hydrogenics Corporation have successfully launched North America's first major hydrogen-based energy storage facility in Markham, Ontario. The facility uses world-class technology developed in Mississauga to provide grid stability services and represents a breakthrough in clean energy storage for the continent.
Greenstone Gold Mines signs Definitive Agreement with Long Lake #58 First Nation
Greenstone Gold Mines, a 50/50 joint venture between Premier Gold and Centerra Gold, signed a Definitive Agreement with Long Lake #58 First Nation for the development of the Hardrock Project in Ontario's Geraldton-Beardmore Greenstone Belt. The agreement establishes environmental monitoring, employment opportunities, and business partnerships, marking the first such agreement with an impacted First Nation community for this 15-year mine life project.
Update on Noront Ferrochrome Production Facility
Noront Resources has narrowed down potential locations for its ferrochrome production facility to two Northern Ontario cities: Timmins and Sault Ste. Marie, eliminating Thunder Bay and Sudbury from consideration. The company expects to conclude site selection negotiations in Q4 2018, while also completing a $393,990 interest payment through share issuance.
Honey Badger Exploration strategically increases its landholdings in Thunder Bay, Ontario
Honey Badger Exploration acquired Thunder Bay Silver & Cobalt Corp., adding 359 claims covering 6,880 hectares to become the largest landowner in the Thunder Bay Silver District with over 37,850 hectares. The acquisition expands their holdings in a historic polymetallic silver camp with eleven past-producing mines that historically produced over 1.67M oz silver.
Business Leaders call for an Ontario Natural Resources Strategy
Business leaders from mining, forestry, Aboriginal business, and government sectors met in Timmins to call for an Ontario Natural Resources Strategy ahead of provincial elections. The roundtable recommended addressing energy costs, regulatory burden, skills training, Aboriginal capacity building, and northern infrastructure to strengthen the province's resource sector competitiveness.
Kubota Canada Ltd. announces the construction of a new facility in Pickering, Ontario
Kubota Canada Ltd. announced construction of a new $67 million headquarters and warehouse facility in Pickering, Ontario, scheduled for completion by end of 2019. The 565,500 square foot facility represents a significant expansion from their current Markham operations and will support growth from 190 to 250 employees by 2027.
Pure Gold announces excellent gold recoveries from metallurgical test work at Madsen
Pure Gold Mining announced excellent metallurgical test results from its Madsen Gold Project, achieving 95.4% average gold recovery with low reagent consumption. The results support potential improvement over the 92% recovery estimates used in the preliminary economic assessment and confirm the project's viability ahead of the feasibility study completion expected Q4 2018.
Copper Lake Resources retains CHF Capital Markets
Copper Lake Resources has engaged CHF Capital Markets for investor relations services at $3,100 per month for 12 months, plus 250,000 options at $0.08. The company is positioning itself to capitalize on rising base metal prices as it commences drilling at its Marshall Lake VMS property in Ontario.
PDAC 2018 Convention exceeds 25,000 attendees
The PDAC 2018 Convention in Toronto exceeded 25,000 attendees, reaching 25,606 participants from over 125 countries, signaling a recovery and renewed confidence in the mineral exploration and mining industry. The event featured sold-out exhibitor space and hosted the International Mines Ministers Summit with 26 mining ministers.
Copper Lake commences drilling conductors at Marshall Lake Cu-Zn-Ag-Au Property
Copper Lake Resources has commenced a minimum 2,000-metre drilling program at its Marshall Lake Cu-Zn-Ag-Au property in Ontario, targeting three VTEM conductors related to shallow massive sulphide occurrences. The program aims to test depth extensions of previously identified mineralization at a property that has been consolidated after decades of fragmented ownership.
Kinross announces acquisition of power plants in Brazil to secure low-cost power for Paracatu mine
Kinross Gold acquired two hydroelectric power plants in Brazil for $257 million to secure long-term power supply for its Paracatu gold mine. The acquisition is expected to reduce production costs by approximately $80 per ounce over the mine life and provide 70% of the mine's power needs.
Increasing global demand for graphite
Ontario Graphite is working to restart the Kearney Mine in Ontario, which holds 43.5 million tonnes of measured and indicated graphite resources and is described as the largest confirmed graphite resource in North America. The company is currently raising capital to complete construction and move into production at the mine, which has a projected 30-year life and will produce various sizes of natural graphite flakes for battery and premium applications.
Honey Badger exploration stakes additional Polymetallic Silver, Gold, Zinc, Lead and Cobalt
Honey Badger Exploration has staked additional land in Ontario's historic Thunder Bay Silver District, acquiring the Mink and Silver Mountain properties. The properties are located near past-producing silver mines, including the Silver Mountain Group which produced 700,000 oz of silver from 1888-1903, positioning the company in a prospective polymetallic district.
Rogue closes acquisition of the Snow White Project
Rogue Resources completed the acquisition of the Snow White Quartz Project near Massey, Ontario for $750,000 cash and 1.05 million shares over time. The 160-hectare property has existing permits for unlimited annual quartz/silica production and good infrastructure access to Lake Huron ports for export markets.
Competing for cobalt
Cruz Cobalt is developing nine cobalt prospects in Ontario after evaluating 250 mineral files, capitalizing on growing demand for battery materials as the world seeks alternatives to Congo-sourced cobalt. The company reports strong international interest, particularly from China, with buyers willing to purchase all battery-grade cobalt production.
Noront provides drill program update on McFaulds Property in ring of fire
Noront Resources completed a 3-hole drill program on its McFaulds property in Ontario's Ring of Fire, discovering a new copper-zinc horizon called McFaulds No.8. The most significant intersection was 9.0 metres grading 2.0% copper, 3.6% zinc and 7.8 g/t silver, representing a new volcanogenic massive sulphide mineralized zone not previously intersected in historic drilling.
Renewable winds blow across Canada
3G Energy is developing a 150-200 MW wind farm in Saskatchewan while working with First Nations communities across Canada on renewable energy projects. The company positions wind power as cost-competitive at six cents per kilowatt hour and sees opportunities in battery storage and remote mining applications.
Carbon a key issue as global miners prepare to meet with renewables and low-carbon energy experts
The 5th annual Energy and Mines World Congress will take place November 27-28 in Toronto, bringing together global mining leaders and renewable energy experts to address carbon emissions and energy challenges in mining. Over 50 speakers from major companies including Barrick Gold, Newmont, and Anglo American will discuss low-carbon solutions and renewable energy adoption in mining operations.
Amp Solar powers change
Amp Solar Group Inc. announced a 50/50 joint venture with Alectra Energy Solutions to develop battery storage systems for Ontario's largest industrial electricity customers. The partnership will install 25 battery storage sites over winter 2017-2018 to help Class A customers reduce peak demand charges and provide grid congestion relief.