Archive | Junior Exploration Sector

Rare earth riches in the mine waste pile – by Ian Ross (Northern Ontario Business – November 25, 2020)

https://www.northernontariobusiness.com/

Avalon Advanced Materials looks to clean up, extract value from tailings dumps

Shuttered mine sites with legacy environmental issues pose a unique opportunity for Avalon Advanced Materials to recover rare earth minerals.

Don Bubar, CEO of the Toronto-based lithium and rare earth producer, talked strategy last week in a web call to shareholders, a day after announcing a partnership with Rock Tech Lithium on a possible processing plant for Thunder Bay.

Avalon is carving out a space in the clean and green tech economy with a diverse mix of Northern Ontario exploration properties in lithium, rare earth metals, cesium, tantalum and other non-traditional minerals that the company hopes to advance over the next couple of years. Continue Reading →

U.S. Rejects Controversial Alaska Pebble Gold, Copper Mine – by Jennifer A. Dlouhy and Steven Frank (Bloomberg News – November 26, 2020)

https://www.bloombergquint.com/

(Bloomberg) — The Pebble mine in Alaska was dealt a potentially lethal blow after the U.S. Army Corps of Engineers rejected an essential permit for the project.

The proposed mine in southwestern Alaska, which would tap one of the world’s largest undeveloped copper and gold deposits, has been dogged by protests for years, as conservationists warn industrial mining operations near Bristol Bay threaten a flourishing sockeye salmon fishery.

The Army Corps issued a record of decision Wednesday denying Pebble’s permit, after determining the project “is contrary to the public interest,” said Col. Damon Delarosa, the agency’s Alaska district commander. Continue Reading →

Barrick enters earn-in deals with two juniors near Hemlo – by Simone Liedtke (Mining Weekly.com – November 23, 2020)

https://www.miningweekly.com/

Canadian major Barrick Gold has entered into two option and joint venture (JV) agreements with junior miners near its Hemlo operation, in Ontario.

The first is with TSX-V-listed Melkior Resources, which has granted Barrick the right to earn-on up to a 75% interest in the White Lake project, 20 km from the Hemlo mine.

Under the terms of the option agreement, Barrick could earn a 75% interest in the White Lake property in consideration for completing $4-million in exploration expenditures over a period of five years. Continue Reading →

Flurry of exploration activity in Kirkland Lake gold camp – by Staff (Northern Ontario Business – November 10, 2020)

https://www.northernontariobusiness.com/

The Kirkland Lake area remains hot property for many junior miners drilling or acquiring property in the Abitibi region of northeastern Ontario. Meanwhile a cobalt plant developer is finetuning its strategy to bring a mothballed refinery back into production in the Temiskaming area.

Toronto’s Mistango River Resources started a 10,000-metres drilling campaign on its Kirkland West Project, just west of Kirkland Lake Gold’s Macassa Mine.

The plan is to explore multiple target areas on the property with the first holes going in near the former Baldwin Mine, where historical production yielded gold grades of 15 grams per tonne. Continue Reading →

B.C. regulator says junior mining company broke laws with flawed technical report – by Niall McGee (Globe and Mail – October 28, 2020)

https://www.theglobeandmail.com/

The British Columbia Securities Commission (BCSC) alleges that junior mining company First Mexican Gold Corp., its then-chief executive officer and an external consultant broke securities laws by knowingly publishing a shoddy estimate of resources on a minerals property.

The allegations centre around the conduct of the Vancouver-based, TSX Venture-listed gold and silver exploration company from 2014 to 2017. This past July, First Mexican changed its name to QcX Gold Corp.

According to a BCSC news release, in 2014 First Mexican hired an external mining engineer who came up with a rough estimate on how much gold and silver might be on the ground at its Sonora property in Mexico. Continue Reading →

Diamonds Snapshot: Seven small diamond producers and explorers to watch – by Alisha Hiyate (Northern Miner – October 15, 2020)

Global mining news

The Covid-19 pandemic has choked off revenue for diamond producers and funding for diamond juniors for much of the year. But with the diamond trade slowly starting to reopen and buyers and sellers adjusting to life under the pandemic, some companies outside of the big two – De Beers and Alrosa – have proven to be resilient. Here’s a look at seven small diamond producers and explorers that are soldiering on.

Gem Diamonds

Gem Diamonds‘ (LSE: GEMD) Letseng mine in Lesotho, known to host large, high-quality Type II diamonds, has continued to deliver exceptional diamonds this year, with 12 diamonds larger than 100 carats recovered to date. The latest stones included a 442-carat diamond Type II stone in August, and 233-carat and 166-carat Type II white diamonds in September.

Production at the Letseng open-pit mine was suspended for 30 days early in the pandemic, but resumed in late April. On the sales side, Gem has been successful in adopting flexible tender processes to continue diamond sales during travel restrictions associated with the pandemic. Its average sales price for the first half of 2020 was US$1,707 per carat on 43,384 carats sold. Continue Reading →

Coalition worried about future of Wolf Lake – by Jim Moodie (Sudbury Star – October 15, 2020)

https://www.thesudburystar.com/

Mine company, however, promises minimal disruption and commits to maintaining the beauty of the area

Wilderness champions say concerted political pressure is now required to protect Wolf Lake after another permit for mineral exploration was recently granted.

In a post at its Facebook page, the Coalition for a Liveable Sudbury said more than 500 people commented on the permit application through the Environmental Registry of Ontario, with the vast majority — 98 per cent — opposing it.

Nevertheless, “the application was approved with no conditions attached,” the coalition said. Wolf Lake is located northeast of Sudbury in the Chiniguchi waterway chain — a popular area for canoe tripping — and counts the largest contiguous stand of old-growth red pines in the world. Continue Reading →

Northern Dynasty eyes controversial Alaska mine as high gold prices encourage ecologically dicey projects – by Gabriel Friedman (Financial Post – October 7, 2020)

https://financialpost.com/

Last week, Vancouver-based Northern Dynasty Minerals Ltd. issued a press release that declared its Pebble Mine, located in Alaska’s Bristol Bay, as the “most significant” source of rhenium in the world.

Rhenium, one of the rarest elements in the earth’s crust, is prized in military and industrial applications for its high melting point yet remained unheard of to most investors until U.S. President Donald Trump included it on a list of critical elements in 2017 whose permitting should be prioritized and streamlined.

Advertising the Pebble Mine as a significant source of rhenium marks the latest strategy by Northern Dynasty to advance its long delayed, highly controversial, project — a polymetallic deposit that contains copper, gold, molybdenum, rhenium and various other metals. Continue Reading →

Former Kenora nickel mine may have some life left-Tartisan Resources posts new mineral estimate for Kenbridge deposit – by Staff (Northern Ontario Business – September 18, 2020)

https://www.northernontariobusiness.com/

A Toronto junior miner has released a new mineral estimate after poking around an old Kenora-area nickel mine from the 1950s.

In preparing for an upcoming exploration program, Tartisan Resources complete a review and re-estimation of the nickel and copper resources at the Kenbridge deposit near Sioux Narrows in northwestern Ontario.

In the late 2000s, Canadian Arrow Mines had been sizing up its Kenbridge property for both an open pit and underground mine, 70 kilometres southeast of Kenora. Canadian Arrow produced a preliminary economic assessment for the project in 2008. Tartisan acquired the deposit in early 2018. Continue Reading →

Argonaut takes a shine to high-grade gold at Dubreuilville: Open-pit developer looks to expand gold resource base – by Staff (Northern Ontario Business – September 18, 2020)

https://www.northernontariobusiness.com/

Argonaut Gold continues to find high-grade gold beside and below where it wants to carve out an open-pit mine near Dubreuilville.

The Toronto mine developer released results on Sept.16 from an exploration drill program specifically targeting high-grade mineralization near the planned pit in northeastern Ontario.

Since July 2019, the company has discovered a number of high-grade gold bearing structures trending westward from Alamos Gold’s Island Gold Mine, their neighbour to the east. Continue Reading →

EU deal could forge shiny future for Canada’s low-carbon metals – by Chris Turner (Corporate Knights – September 16, 2020)

https://www.corporateknights.com/

he Canada Nickel Company is a fledgling Ontario mining firm with a handful of leases in mineral-rich northern Ontario and ambitious plans to dig for nickel, cobalt and iron.

So it represents a particularly audacious move that the company recently announced the creation of a wholly owned subsidiary called NetZero Metals, charged with the task of mining those metals without a carbon footprint.

Green boasts can be a little suspect, especially since the net-zero goal is one that established players in industries like steel and oil have placed at the far end of a 30-year ramp. Continue Reading →

Kirkland Lake Gold expands exploration footprint into western Quebec – by Staff (Northern Ontario Business – September 15, 2020)

https://www.northernontariobusiness.com/

Wallbridge eyes cross-border joint venture opportunity with Detour East option

Sudbury’s Wallbridge Mining has inked a term sheet to do a joint venture with Kirkland Lake Gold of its Detour East gold property in northwestern Quebec.

Under the agreement, Kirkland Lake Gold can earn a 75 per cent interest in Detour East by spending a total of $35 million on exploration at the property.

Detour East is an early exploration stage property, 11 kilometres east of Kirkland Lake Gold’s Detour Lake gold mine in northeastern Ontario. Continue Reading →

Tesla ‘In Talks’ To Establish Carbon-Neutral Nickel Mine – by Matthew Broersma (Silicon.co.uk – September 14, 2020)

https://www.silicon.co.uk/

Tesla reportedly in talks with Canada’s Giga Metals to establish environmentally friendly nickel mine in British Columbia as it expands battery production.

Tesla is reportedly in talks with Canadian mining company Giga Metals about developing a large mine to give it access to a ready supply of nickel and cobalt for its electric vehicle batteries.

The mine, located in north-central British Columbia, would also offer a way for Tesla to reduce its carbon footprint as it expands battery production, Reuters reported late on Friday. Continue Reading →

Lithium explorer crunching the numbers to supply electric vehicle battery market – by Staff (Northern Ontario Business – September 10, 2020)

https://www.northernontariobusiness.com/

A Sudbury lithium hunter with a two large, rich deposits in northwestern Ontario thinks it has the chops to be a major supplier to the North American battery market.

Frontier Lithium has launched a preliminary economic assessment (PEA) of a mine and processor for its PAK Lithium Project, north of Red Lake, to examine becoming a “vertically integrated” producer of lithium hydroxide chemicals, the company said in a Sept.9 news release.

Since 2013, the company has outlined two spodumene-bearing lithium deposits, two kilometres apart, that outcrop at surface. Frontier said it’s amenable to low-cost, open-pit mining. Lithium hydroxide is used in batteries for electric vehicles and cell phones. Continue Reading →

Chinese financier has a keen eye for Northern Ontario cesium – by Staff (Northern Ontario Business – September 9, 2020)

https://www.northernontariobusiness.com/

Sinomine Resource Group inks cooperation deal with Power Metals to explore, develop rare earth metals properties

A Chinese mining investor is eyeballing a string of rare earth metal properties in Northern Ontario for a potential development partnership opportunity.

Sinomine Resource Group of Beijing has signed a letter of intent (LOI) with Power Metals Corp. of Vancouver to finance and develop three properties containing cesium, lithium and tantalum elements near Cochrane, Dryden and Kenora. Power Metals owns three of the five cesium occurrences in Ontario.

The properties involved are Case Lake, 80 kilometres east of Cochrane; Paterson Lake, 60 kilometres north of Kenora and close to Avalon’s Separation Rapids lithium property; and Gullwing-Tot Lakes, 30 kilometres northeast of Dryden. Continue Reading →