Archive | Junior Exploration Sector

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 →

Landore believes BAM gold deposit contains more bang for the buck – by Staff (Northern Ontario Business – September 8, 2020)

https://www.northernontariobusiness.com/

Higher gold prices has Landore Resources rethinking the size and scale of a proposed open-pit gold mine near Armstrong in northwestern Ontario.

The United Kingdom company has designed a drill program next month to break out to the east and west from an established gold deposit that already contains more than a million ounces.

In a Sept. 1 news release, Landore said last winter’s preliminary economic assessment (PEA) for its BAM gold deposit was based on a US$1,560 gold price. Things have changed considerably with gold now hovering close to US$2,000. Continue Reading →

‘Bright future’ ahead for junior miners, says Mines & Money panel – by Simone Liedtke (Mining Weekly – September 4, 2020)

https://www.miningweekly.com/

Taking the current ongoing disruption, as a result of Covid-19, into account, private investment company Long State Investment associate Jessie Chen expects a bright future and positive outlook for junior mining companies over the next 12 to 18 months.

In a Mines and Money-hosted webinar and panel discussion on September 3, she elaborated that, the next year was likely to be a very busy one for junior miners, especially as global junior mining activity had been temporarily suspended owing to the pandemic and related restrictions.

She believed that, as a result, junior miners were likely to start 2021 off with better financing prospects, particularly as many travel restrictions and physical distancing requirements would have been lifted by the start of the new year. Continue Reading →

Northern Dynasty stock plummets further with Pebble project in limbo – by Staff (Mining.com – August 25, 2020)

https://www.mining.com/

Northern Dynasty Minerals (TSX: NDM) shares continued to crater on Tuesday as doubts grow over whether the company can clear regulatory hurdles for its Pebble project in Alaska.

The stock declined nearly 32% by 2:20 p.m. ET after falling by more than 40% during the previous session, leaving the company with a market capitalization of just over C$410 million.

On Monday, the US Army Corps of Engineers gave the company 90 days to explain how it would offset “unavoidable adverse impacts” to more than 3,200 acres (1,295 hectares) of wetlands were the mine to be developed. Continue Reading →

Sudbury base metal explorer lands a big-shot Toronto partner: Sudbury Platinum Corp raises $2.1 million for exploration in Sudbury Basin (Northern Ontario Business – August 25, 2020)

https://www.northernontariobusiness.com/

A top mining investment firm is backstopping an emerging nickel player in the Sudbury Basin.

Toronto’s Dundee Goodman Merchant Partners (DGMP) has formed a “strategic relationship” with Sudbury Platinum Corporation to grow the exploration company and get it publicly listed by year’s end.

Sudbury Platinum (also known as SPC Metals) is a spinoff company of Transition Metals, a Sudbury-based exploration company overseeing more than 25 base and precious metals projects in Northern Ontario, the Maritimes and Western Canada. Continue Reading →

BHP to fund Canada’s Midland nickel exploration – by Cecilia Jamasmie (Mining.com – August 24, 2020)

https://www.mining.com/

Canadian junior Midland Exploration (TSX-V: MD) said on Monday it had struck a new funding deal with a subsidiary of BHP (ASX, LON, NYSE: BHP) for nickel exploration activities in the northern part of Quebec.

BHP’s unit Rio Algom Limited will fund 100% of Midland’s exploration for the battery metal within the Nunavik territory up to C$1.4 million ($1.06 million), on an annual basis, for a minimum of two years.

The objective, the junior said, is to identify, test and develop high-quality exploration targets towards the discovery of new significant nickel deposits within the targeted area. Continue Reading →

Trump Administration Said to Turn Away From Pebble Mine Support – by Ari Natter and Reade Pickert (Bloomberg News – August 23, 2020)

https://ca.finance.yahoo.com/

(Bloomberg) — The Trump administration is planning to block the controversial Pebble Mine in southwestern Alaska that’s recently drawn opposition from certain powerful Republicans, according to a person familiar with the matter.

The project, which has known deposits of copper, gold and other metals, is located in an area that drains into Bristol Bay, home to the world’s most productive wild salmon fishery.

Conservationists, local activists and fishing operations have fought the project for years, but blocking the project would be a reversal for the Trump administration. Continue Reading →

Heading back to camp: Mineral exploration camps are resuming in British Columbia amidst new health and safety protocols in the COVID-19 pandemic -by Tijana Mitrovic (CIM Magazine – July 23, 2020)

https://magazine.cim.org/en/

Mineral exploration companies in British Columbia are heading into the field this summer after months of sheltering in place. But in the midst of a global pandemic, what will exploration camps look like?

Governments, industry organizations and companies continue to release and develop new COVID-19 health and safety protocols to protect communities and control the spread of the virus.

In May, the provincial government announced that all workplaces would be required to have a COVID-19 safety plan before resuming or beginning work. Continue Reading →

Larder Lake junior miner using AI to find gold targets – by Staff (July 30, 2020)

https://www.northernontariobusiness.com/

Gatling Exploration contracts Windfall Geotek to dig through the data

Artificial intelligence (AI) will play a role in helping Gatling Exploration chase down some gold targets near the established mining camp of Kirkland Lake.

The Vancouver junior miner has engaged AI experts, Windfall Geotek, to use its advanced Computer Aided Resource Detection System (CARDS) to identify targets at the company’s Larder Gold project, 35 kilometres east of Kirkland Lake in McVittie and McGarry Townships.

Gatling said in a July 30 release that the targets will be evaluated and then explored using more traditional exploration techniques. Continue Reading →