Gold and Silver – Page 315 – Republic of Mining

Queenston rejuvenating gold-rich Kirkland Lake Mining Camp-Scotia Capital – by Dorothy Kosich (Mineweb.com – January 05, 2012)

January 13, 2012

http://www.mineweb.com

Citing its assembled land package in the Kirkland Lake Gold Camp, as well as the company’s attraction as an acquisition target, Scotia Capital has initiated coverage on Queenston Mining.

RENO – Scotia Capital Wednesday initiated coverage of Queenston Mining (TSX: QMI) suggesting its Kirkland Lake gold project is an attractive acquisition target to both JV partner, Kirkland Lake Gold (TSX: KGI) and Kirkland’s majority shareholder Agnico-Eagle Mines.

“The company holds the largest assembled land package in the prolific Kirkland Lake Gold Camp in Ontario, which has produced over 40 Moz of gold, and two projects in Quebec, located adjacent to Agnico-Eagle Mines Limited’s…Lapa deposit,” said Scotia Capital analysts Ovais Habib and Mike Hocking.

Located in Ontario along the border with Quebec, the Kirkland Lake Gold Camp is believed to host nine greater than one-million-ounce gold deposits.

Éléonore could be the next Val d’Or [Quebec mining] – by Kevin Dougherty (Montreal Gazette – January 11, 2012)

January 11, 2012

http://www.montrealgazette.com/

The prospecting mission led by Premier Jean Charest and Quebec City Mayor Régis Labeaume to promote Charest’s Plan Nord struck gold Tuesday in the wilderness of northern Quebec, visiting the site of the Goldcorp Inc.’s Éléonore gold mine.

Labeaume, who led a delegation of about 25 Quebec City-area business people and who made his personal fortune in the mining business, said Éléonore is “opening up a new mining region in Canada.”

“It is major, major, major,” he said. Guy Belleau, director of the $2.2-billion mining project, set to begin production of 600,000 ounces of gold yearly in 2017, went further.

“The Plan Nord is Éléonore,” he said in a presentation to the business delegation, political leaders and representatives of the Cree First Nations who count on landing about half the 700 construction jobs and 400 mining jobs Éléonore will generate.

[Timmins Goldcorp] Mine ramping up – by Chris Ribau (Timmins Daily Press – January 10, 2012)

January 10, 2012

The Daily Press is the city of Timmins broadsheet newspaper

Blasting for open pit begins this summer

Corporate approval is all that stands in the way.

Representatives from Goldcorp Porcupine Gold Mines announced on Monday that it will commence development of the Hollinger Open Pit Mine Project following corporate approval to fund the project.

Construction is planned for the next 12 to 18 months at a cost of $75 million. Blasting is expected to start sometime this summer. The reasoning behind the 12 to 18 month timeframe is because the berm is the longest part of the construction. Construction of the haul road will start immediately.

The initial focus will be on equipment procurement, installation of the dewatering system, site clearing and stripping and the development of a five-kilometre haulage road between the Hollinger site and the Dome Mill.

Lots to celebrate in [Timmins] 1912 – by Karen Bachmann (Timmins Daily Press – January 7, 2012)

January 7, 2012

The Daily Press is the city of Timmins broadsheet newspaper.

Karen Bachmann is the director/curator of the Timmins Museum and a local author.

HISTORY: Newspaper articles highlight the unbridled enthusiasm seen in the early days of the Porcupine Camp

OK, I’m feeling the pressure. This is the first article I get to pen for Timmins’ 100th anniversary, and it has to be special – so, of course, I’m frozen at my keyboard, awaiting Divine Intervention (or a third cup of coffee).

How to begin? What is there to be said?

Sadly, the stuff I should be writing about I am afraid to say, I have already written – the beginnings of the camp, the development of Northern Ontario, etc. … So, I pray your indulgence as I present to you a small piece based on the items from the front page from the very first Porcupine Advance newspaper, published on March 28, 1912 (Vol. 1, No. 1).

I have chosen to do this because the tone of that first newspaper and the articles presented back then really do illustrate the unbridled enthusiasm that was rampant in those early days of the Porcupine, and of the Town of Timmins.

Injunction ‘a matter of respect’ for First Nations – by Ron Grech (Timmins Daily Press – January 6, 2012)

January 6, 2012

The Daily Press is the city of Timmins broadsheet newspaper

Wahgoshig First Nation is not out to stop development, says Chief Dave Babin. The community, he added, simply wants its values respected by industry.

Wahgoshig won an injunction this week to halt mining exploration by Solid Gold Resource Corporation on its territory. The company was drilling in an area which the First Nation had identified as sacred ground.

“It’s a long-overdue issue that First Nations are facing with the industry and these are the things the industry has to understand with First Nations,” said Babin. “I’m not going to have people coming around here and terrorize the land because they feel they are following the Mining Act.

“They have to have respect for our cultural values within our territories. We have issues out there that we want to protect. It has no value to them but it has value to us.”

Mining Boom in Quebec: Alain-Jean Beauregard – by Brian Sylvester (The Gold Report – December 23, 2011)

January 3, 2012

http://www.theaureport.com/

While many jurisdictions are working hard to prevent mining or mineral exploration, the province of Quebec is encouraging it. In this exclusive interview with The Gold Report, Alain-Jean Beauregard, founder of Geologica Inc., a geological consulting firm based in Val-d’Or, talks about the shining future of gold mining in Quebec.

The Gold Report: The province of Quebec where Geologica is based offers some of the best infrastructure and mineral exploration incentives of any state or province in North America. Why has Quebec embraced mining when so many other jurisdictions are working hard to prevent mining or mineral exploration at all?

Alain-Jean Beauregard: Like forestry, mining has traditionally been a region developer in the province of Quebec. Native land issues have already been settled for large parts of the province. Mining is an important job creator—one of the most important in the province. It’s good income for the province because of revenues from taxes. Quebec is happy to have mining companies in the province.

Timmins Celebrating 100 years – by Karen Bachmann (Timmins Daily Press – December 31, 2011)

December 31, 2011

The Daily Press is the city of Timmins broadsheet newspaper.

Karen Bachmann is the director/curator of the Timmins Museum and a local author.

Timmins centennial kicks off New Year’s Day at the McIntyre Arena — one of the community’s icons

Well, here we are, finally, sitting on the cusp of our 100th anniversary celebrations for Timmins – and yes, we have much to celebrate, commemorate, ponder and enjoy.

From a small boomtown based on a hope and a prayer, Timmins has grown into one of the world’s most important mining municipalities.

We have been home to the world’s largest gold mine, the world’s largest zinc mine and one of the world’s deepest mines. We are still home to the mine that started it all, and it promises to be in production for many years to come.

Timmins also has many heroes in the fields of sports, culture, art, science and business. The city has seen many of its sons and daughters go on to tackle some of the world’s biggest challenges, be it in the laboratory or on a stage or in an arena or a lecture hall.

The North loses a great leader: John Zigarlick Jr. – by Bill Braden (Canadian Mining Journal – December 20, 2011)

December 21, 2011

The Canadian Mining Journal is Canada’s first mining publication providing information on Canadian mining and exploration trends, technologies, operations, and industry events.

Across Northern Canada, the mining and transport industries mourn the death of John Zigarlick Jr. One of the North’s modern-day mining visionaries and builders, he died suddenly in Edmonton Dec. 17, of natural causes. He was 74.

It was his audacious decision in 1980 to build the Lupin Gold Mine by air that secured his place in mining history. As President of Echo Bay Mines, he bought a Boeing 727 and a Hercules freighter and airlifted 64 million pounds of material from Yellowknife. This and other developments vaulted Echo Bay into the spotlight as a mid-tier world gold miner.

Lupin was also the genesis of the 600 km Tibbitt to Contwoyto ice road, first built in 1982, that supplied the mine for the rest of its 18 year life. By the early 1990s, John had left Echo Bay and, in a joint venture with the Inuit of western Nunavut, started the Nuna Corporation which since 1997 has built and operated the road for the NWT’s diamond mines. John grew Nuna into a multi-layered construction, training and consulting services to mining and exploration companies across the arctic.

Eldorado aims to double production with European Goldfields bid – by Tim Kiladze (Globe and Mail – December 20, 2011)

December 20, 2011

The Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.

Eldorado Gold Corp. is on the cusp of creating a mining powerhouse around the Mediterranean. With a $2.5-billion bid for European Goldfields, (EGU-T11.800.524.61%) the owner of two undeveloped Greek gold projects, the Vancouver-based Eldorado is hoping the new assets will help it meet its goal of more than doubling this year’s production to about 1.4 million ounces by 2015.

The agreement, which was announced Sunday, comes at a time when gold has been hit hard. Since bullion peaked just shy of $1,900 (U.S.) per ounce in August, it has dropped 15 per cent, and some argue it could fall even more.

Still, analysts on Monday were generally positive about the deal. The acquisition fits into Eldorado’s strategy because it consolidates a region in which the miner is already established, Brad Humphrey at Raymond James wrote in a note to clients. It will also help keep cash operating costs low and maintains a gold-only focus, they said.

Investors were less impressed, sending Eldorado shares tumbling more than 12 per cent in Toronto trading on Monday.

[Kirkland Lake History] ERNIE’S GOLD: A Prospector’s Tale – by Brian (Chip) Martin

December 18, 2011

For an autographed copy of Ernie’s Gold, please contact the author at: chipmartin@sympatico.ca.

Great Christmas Gift: $20.00 plus shipping!

In the early 1900s, young Ernie Martin immigrated from Staffordshire, England, to Canada to seek his fortune. He finally ended up in Kirkland Lake, where gold was to be found if you were willing to work at it. Ernie was. And so was Harry Oakes. The two of them became prospecting partners. Ernie and Harry worked hard and non-stop to find a vein of gold so they could start a mine.

When it finally happened, the mine grew into a huge money-maker for the two of them. Ernie’s first wife, Mary, also was a prospector, and in fact ended up financially far better off than Ernie. Why was that? How is it that multi-millionaire Ernie Martin arrived at the end of his life virtually a pauper? This is a book full of surprises and answers — and a few questions.

Excerpt from Ernie’s Gold: A Prospector’s Tale:

Meanwhile, in Kirkland Lake, the town had reached a population of 13,000 and was weathering the Depression better than most communities. Job-seekers streamed in looking for work, but only a few were successful. Many moved on and only a few stayed behind. Relief rolls began to grow but remained comparatively small. At a time when one in ten workers was on relief in the depth of the Depression, only 205 families were on the dole in Kirkland Lake.

[Kirkland Lake History] ERNIE’S GOLD: A Prospector’s Tale – by Brian (Chip) Martin

December 18, 2011

For an autographed copy of Ernie’s Gold, please contact the author at: chipmartin@sympatico.ca.

Great Christmas Gift: $20.00 plus shipping!

Excerpt from Ernie’s Gold: A Prospector’s Tale:

Mary wasn’t particularly attractive, being rather short and sturdy in build with a sallow complexion and deep-set eyes. Her fierce, independent spirit discouraged some suitors who were seeking a more traditional mate; but in a land where men far outnumbered women, Mary’s odds had improved.

Rob McEwen still predicting $5,000 gold – by Dorothy Kosich (Mineweb.com – December 15, 2011)

December 17, 2011

http://www.mineweb.com/

Bullish as ever on gold, Rob McEwen foresees a tough road ahead for mining explorationists and mining developers, who fail to take into account the needs of a non-mining investment community.

RENO – As gold bugs get discouraged in the wake of year-end sell offs, über precious metals mining entrepreneur Rob McEwen still is firmly bullish on gold in the long run and stands pat on his $5,000 per ounce gold price prediction.

In a talk to the Geological Society of Nevada Wednesday in Reno, McEwen urged the audience to “step out of line once in a while” and constantly question fundamental assumptions about geology and discoveries.

During his address, McEwen recalled his own struggles with his senior geologists and the mining analysts who assumed that Goldcorp’s 50-year-old mine in Red Lake, Ontario, was played out. The former mutual fund manager had no mining expertise, but had emerged as Goldcorp’s majority owner.

NFB Film: The Hole Story – by Richard Desjardins and Robert Monderie

April 5, 2015December 14, 2011

The following is from the National Film Board of Canada Press Kit

THE FILM

“Don’t know much about mines? Not many people do. Mines don’t talk. Especially about their history.” Richard Desjardins and Robert Monderie explore this history in their latest documentary, The Hole Story. Produced by the National Film Board of Canada, the film continues in the same provocative vein as their earlier Forest Alert.

The history of mining in Canada is the story of astronomical profits made with utter disregard for the environment and human health. It’s also a corrupt and sometimes sinister story. For example, during the First World War, nickel from Sudbury was sold to the German army to make the bullets that ended up killing soldiers from Sudbury in the Battle of Vimy Ridge. In Cobalt, a town in Ontario that once had no garbage collection, people were dying of typhoid.

Meanwhile, the first Canadian mining magnates were growing filthy rich selling silver to England from the 40 mines surrounding the town.

Timmins has its own shameful mining story. In the woods,50 kilometres west of the railroad, prospectors quickly staked their claims before heading to the government office to register their hectares and take ownership of the subsoil.

B.C.’s Historic Silvery Slocan Mining District

May 4, 2015December 14, 2011

This information came from the Hughes Exploration Group website: http://www.hughes-exploration.com/s/Home.asp

SILVER PRIZE FOR GOLD-SEEKERS

The first discovery of placer gold in the Fraser River in 1858 attracted thousands of prospectors and fortune-seekers to the wilderness of Western Canada, triggering the subsequent Cariboo gold rush of the 1860s and the Klondike gold rush of the 1890s. But as the easy pickings of gold nuggets were exhausted from the network of rivers and streams, resilient prospectors turned their attention to outcropping veins where precious metals could be extracted by hand on a limited scale.

In the summer of 1891, Eli Carpenter and Jack Seaton arrived on foot in what is now the Slocan Mining District of British Columbia, lured by tales of silver-rich deposits used by local native guides and hunters. In early September, they discovered an outcropping of sparkling silver-rich galena and collected samples for assaying.

As legend goes, the alliance between Carpenter, a French-Canadian former tight-rope walker, and Seaton, a wily Irishman from Tennessee, fell apart soon afterward amid allegations of double-dealing, with each taking on new partners to stake claims on Payne Mountain, where the initial discovery was made. What is certain is that both men sold their claims early to mining speculators for a pittance and moved on from the region.

Northern mining communities prosper as south struggles – by Chip Martin/QMI Agency (December 12, 2011)

December 13, 2011

The Sudbury Star is the City of Greater Sudbury’s daily newspaper.

Mining analyst Sudol said the high-tech nature of mining
in 2011 is not well understood. “We all talk about high
tech in Kitchener-Waterloo and Silicon Valley in California
and we are sort of ignoring an extraordinarily interesting
concentration of mining technology, research and education
in Sudbury.”

The same thing killing jobs in southwestern Ontario is creating them by the thousands in Northern Ontario.

The industrialization and urbanization of China, Brazil and India is causing the flight of well-paid industrial jobs to those emerging economies. The fallout is unemployment in Ontario’s industrial sector and unemployment rates soaring to 9.8% in London and 10.8% in Windsor.

But the loss for the south is a gain for the north.

Unemployment is low in places such as Kirkland Lake and Sudbury. Mines and mine-related businesses are clamouring for workers.

“The industrialization and urbanization of China, India and Brazil and many other developing countries will be ongoing for many generations to come,” says respected mining consultant and analyst Stan Sudol.