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Abitibi Greenstone Belt

Project consolidator Oban rebrands as Osisko Mining, updates Marban resources – by Henry Lazenby (MiningWeekly.com – June 14, 2016)

http://www.miningweekly.com/page/americas-home

TORONTO (miningweekly.com) – A famous name in Canada’s recent gold mining history lives again after project consolidator Oban Mining formally announced Tuesday that it would change its name to Osisko Mining.

The company said the rebranding exercise would better reflect the corporation’s current management, board and technical teams, who were responsible for much of the success of the original Osisko Mining Corporation.

The original Osisko had earned international recognition with the successes of its exploration and development team – a team that included several current members of the current company’s board and senior management, such as current co-chairperson Sean Roosen and president, CEO and director John Burzynski, who was one of the original three founding members of the old Osisko Mining.

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Tahoe bets big on Lake Shore Gold – by Walter Franczyk (Northern Ontario Business – May 20, 2016)

http://www.northernontariobusiness.com/

The ink was barely dry on the deal to combine Tahoe Resources with Lake Shore Gold Corp. when company officials outlined plans to boost gold production in Timmins.

Tony Makuch, president of Tahoe’s Canadian operations, as well as Tahoe executive chair Kevin McArthur and Tahoe president and COO Ron Clayton, spoke in Timmins about their goal to increase gold production at the Lake Shore Gold Division from about 180,000 ounces of gold to 250,000 in four years.

“That’s going to be achieved through a number of growth projects,” said Mark Utting, Tahoe’s vice-president of investor relations. Combining the assets and resources of two strong mining companies to create an even stronger entity enables growth to move faster, he predicts.

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NEWS RELEASE: Wallbridge Mining Enters Into Agreement to Acquire Fenelon Gold Project in Quebec

http://www.wallbridgemining.com/

Toronto, Ontario — May 25, 2016 – Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) (“Wallbridge”) is pleased to announce that it has entered into a binding Letter of Intent (“LOI”) dated May 24, 2016 (the “Agreement Date”) to acquire 100% of the Fenelon Gold Property (“Fenelon Mine Property”) from Balmoral Resources Ltd.
(TSX:BAR; OTCQX:BALMF) (“Balmoral”) for a purchase price of $3.6 M.

The Fenelon Mine Property is an advanced stage project with near-term production potential, as well as drill intersections suggesting exploration potential for resource expansion. The project is located in West-Central Quebec, within the same geological belt that hosts the large Detour Gold mine in Ontario.

“This acquisition is an important step forward for Wallbridge as we implement our strategy of becoming a sustainable producer. Having completed our Broken Hammer open pit mine last year, where we achieved production substantially in excess of the resource estimate in the prefeasibility study and received recognition for safety, this new project allows us to leverage our experience and knowledge as a proven operator to create value for our shareholders.

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Quebec junior Explor Resources exploring around Kidd Mine – Staff (Northern Ontario Business – May 17, 2016)

http://www.northernontariobusiness.com/

Glencore is wrapping up production at its Kidd Creek Mine in 2021, but a Rouyn-Noranda junior miner believes there’s more zinc and copper to be found.

Explor Resources has started a geophysical program to define targets on its properties, 20 kilometres north of Timmins, following by a 3,000-metre drilling program. The company’s group of properties – totalling 2,700 hectares – surround Glencore’s Kidd Creek Mine.

In a May 17 release, the company said exploration drilling to date has revealed a major fault structure running to the west of the Kidd Creek Mine in a northwest to southeast direction. Falconbridge had previously drilled to the southeast of the mine in 1998 with some encouraging results.

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The Canadian Shield Could Host the Next Bonanza Discovery: Eric Lemieux – by Patrice Fusillo (The Gold Report – April 14, 2016)

https://www.theaureport.com/

Gold supply is getting tighter, deposits of quality are getting rarer and the project development timeline is getting longer. Enter Canada. The Canadian Shield still offers the possibility of break-out discoveries, says PearTree Securities analyst Eric Lemieux. The recent spate of M&A activity points to the potential of the region, and Lemieux discusses several companies that are well positioned to add value.

The Gold Report: In the month since the Prospectors & Developers Association of Canada convention (PDAC), the markets have been holding steady. Has the “PDAC curse”—where mining equities fall after the PDAC convention—been broken?

Eric Lemieux: I hope so, although it really is still too early to say. Perhaps at this stage, with the drop in copper prices and gold in the $1,240/ounce range, we’re in a gray zone. However, there’s a certain sense of optimism based on the fact that we’re in the last amplitudes of a bottom.

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Tahoe execs in Timmins to tour latest acquisition – by Len Gillis (Timmins Daily Press – April 7, 2016)

http://www.timminspress.com/

TIMMINS – If the first century of mining in Timmins belonged to companies such as Dome, Hollinger, McIntyre, Texas Gulf and Goldcorp, the second century of mining will have to make room for a couple of new names; Tahoe Resources and Lake Shore Gold.

These are names that won’t just be around Timmins for many years, but for many generations. That’s according to Kevin McArthur, the executive chair of Tahoe who is no stranger to the Porcupine mining camp, having been the former CEO of Goldcorp. McArthur and a team the top executives from Tahoe Resources were in Timmins on Wednesday to look over their newest properties.

It was just last week that Lake Shore Gold (LSG), which operates the Timmins West and Bell Creek mining and milling operations, became part of a friendly business merger with Tahoe. LSG shareholders voted “overwhelming approval” on the deal that has allowed Tahoe to acquire all outstanding shares of Lake Shore. The business combination went through on Thursday March 31, 2016, said a company news release.

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[Integra Gold] Quebec gold miner pays $1M to scavenger hunt winners (Business Network News – March 10, 2016)

 

http://www.bnn.ca/

Andrew Bell interviews Integra Gold’s George Salamis and Guy Desharnais of SGS Geostat

Integra Gold (ICG.V -4.4%) could have used high-paid consultants to find new deposits buried in the digital archive of mining and exploration data it acquired as part of a deal last year. Instead, the Quebec-based explorer took to the internet offering a million-dollar pay day to anyone who could help them pinpoint promising drill sites.

More than 1,300 people from 90 countries signed up for the challenge and poured over more than six terabytes of data.

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Oban Mining aiming to be next Canadian mining house – by Lindsay Kelly (Northern Ontario Business – March 3, 2016)

http://www.northernontariobusiness.com/

Oban Mining wants to become Canada’s next great mining house.

Like the 14-year-old Scotch whiskey it’s named for, the executives at Oban Mining hope the company will only get better with age, satisfying even the most finicky of investor palates.

Launched by the same team that brought the Canadian Malartic gold mine online, Oban wants to be the next great Canadian mining house, and president-CEO John Burzynski doesn’t shy away from making bold statements about its plans.

“We intend to be the next Osisko Mining Corporation,” he said during a January presentation to the Sudbury Prospectors and Developers Association.

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NEWS RELEASE: MINING INDUSTRY TITANS TO AWARD $1 MILLION IN PRIZES FOR CANADA’S NEXT POTENTIAL GOLD DISCOVERY

www.integragold.com

Integra Gold Announces the Gold Rush Challenge Finalists

VANCOUVER, BC – March 2, 2016: Integra Gold Corp. (TSX-V: ICG, OTCQX: ICGQF) (“Integra” or the “Company”) is pleased to announce that the Gold Rush Challenge technical judging panel has selected five finalists to go head-to-head “shark tank style” against industry titans to win their share of the $1 million prize. The sold-out, live finale charity event will take place on Sunday, March 6, 2016 at the Carlu in Toronto during the Prospectors and Developers Association of Canada (PDAC) convention.

The Emcee at the Live Finale will be renowned Canadian actor/comedian Shaun Majumder. Shaun is well known to audiences for his role in ‘This Hour Has 22 Minutes’, humorous stand-up comedy on stages around the world and his roles in several Hollywood comedies.

The Gold Rush Challenge five finalists in alphabetical order are:

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Tahoe Resources-Lake Shore Gold’s $945M deal brings potential benefits for both sides – by Peter Kovin (National Post – February 9, 2016)

http://business.financialpost.com/

TORONTO – Tahoe Resources Inc.’s friendly $945 million deal to buy Lake Shore Gold Corp. is being viewed as a logical transaction that addresses challenges faced by both companies.

Tahoe gets to diversify into Canada, increase its growth profile and reduce exposure to Guatemala, a very challenging jurisdiction. Lake Shore, meanwhile, can develop its projects quickly without worrying about diluting shareholders or taking on more debt.

“We believe this transaction brings strong mutual benefits to our respective shareholders and establishes the premier low-cost precious metals producer in the Americas,” Tahoe chief executive Kevin McArthur claimed on a conference call.

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New open pit mine in Timmins expected as Lake Shore Gold is merged with Tahoe Resources – by Alan S. Hale (Timmins Daily Press – February 8, 2016)

http://www.timminspress.com/

Lake Shore Gold will soon become part of Tahoe Resources. The mining companies announced on Monday that Tahoe intends to buy a 75% stake in Lake Shore by exchanging shares in that company for Tahoe shares.

This announcement comes after trading on Lake Shore Gold’s shares were halted on Friday. It appeared at the time that it was to halt market speculation after positive news from an ongoing exploration project, but it now seems it was in anticipation of announcing the merger.

Under the agreement announced on Monday, each common share of Lake Shore Gold will be exchanged for a 0.1467 share in Tahoe which, when the markets closed on Friday, was worth $1.71. This would mean Lake Shore Gold shareholders would make a 15 cent profit on every share they own.

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Trading halted on Lake Shore Gold shares – by Len Gillis (Timmins Daily Press – February 5, 2016)

http://www.timminspress.com/

TIMMINS – There was so much excitement and market speculation about a Lake Shore Gold Timmins property that trading in company shares was halted on Friday and the company was asked by regulators to issue a public statement.

This follows the positive news that was released by the company on Thursday revealing the results of 13 drill holes for a high grade gold zone at the “Whitney Project” which describes the area located near the old Hallnor Mine property in Timmins.

The results are from the first surface exploration drilling done on the Whitney property since LSG became the new owners last fall. The Whitney property was a prospect that was owned and explored by Temex Resources Corp. Just last September, Temex shareholders approved a takeover deal by Lake Shore for all outstanding common shares.

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NEWS RELEASE: Kirkland Lake Gold Pours Its One Millionth Ounce From The Macassa Mine Complex

http://www.klgold.com/Home/default.aspx

KIRKLAND LAKE, ONTARIO–(Marketwired – Feb. 3, 2016) – Kirkland Lake Gold Inc. (“Kirkland Lake”, or the “Company”) (TSX:KGI), this week poured it’s one millionth ounce from the Macassa Mine Complex since operations commenced in 2003. This marks a historic milestone for the Company, adding to the historical production of this camp, which has now produced over 26 million ounces of gold.

The Company commenced operations at the Macassa Mine Complex in 2002, and with the discovery of the South Mine Complex, has been able to increase its level of production significantly over the past five years with the Company producing and selling over 570,000 ounces of gold. The Macassa Mine Complex currently has 1.5 million ounces in proven and probable reserves (2.4 million tonnes at an average grade of 19.2 g/t Au), and an additional 2.0 million ounces in measured and indicated resources (3.8 million tonnes at an average grade of 16.8 g/t Au).

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Roosen: Osisko’s Drinking from a “Fire Hydrant” (Global Mining Observer – December 2015)

http://www.globalminingobserver.com/

A smelter, a town, these are the obstacles that Osisko hits reviving old gold camps in Canada.

The Horne gold project in Quebec, which sits 2.5km below an industrial park in the town of Rouyn-Noranda, is overlooked, misunderstood and one of the best gold properties in Canada, Osisko Gold’s chairman Sean Roosen told Global Mining Observer in an interview on Wednesday.

Horne is owned by Falco Resources, one of a rising number of companies backed by Osisko and its Quebec-based mine-building team. It has a 2.8m gold resource and is targeting 5m ounces, after drilling that ended last month, including 109m grading 3.1 grams per tonne.

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NEWS RELEASE: Royal Nickel Completes Dumont Bulk Test and Successfully Produces World’s Highest Grade Nickel Sulphide Concentrate

http://www.royalnickel.com/

Toronto, Ontario, December 15, 2015 – Royal Nickel Corporation (“RNC”) (TSX: RNX) has
successfully completed a large scale bulk test which generated approximately 2 tonnes of nickel concentrate from 300 tonnes of ore from the Dumont Nickel Project.

The sample was produced at a pilot plant at SGS Minerals Services in Lakefield, Ontario. The concentrate will be further treated though a roasting process and sent to potential customers in Asia and Europe which will allow RNC to continue to advance its offtake and financing discussions.

The average grade of the sulphide concentrate, as measured from the pilot plant surveys, was over 31% nickel, consistent with the previous test work performed as the basis of the feasibility study.

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