https://www.northernontariobusiness.com/
Tartisan Nickel wants to put former Falconbridge mine back into production
A former Falconbridge nickel deposit near Kenora looks to have the legs and the economics to be put back into production.
Tartisan Nickel released a preliminary economy assessment (PEA) of its Kenbridge Nickel Deposit last week. The PEA study projects a nine-year mine with production of 52.6 million pounds of nickel and 30.7 million of copper over that span.
Dual-listed Wallbridge Mining has entered into a definitive agreement with CSE-listed Archer Exploration through which Archer will acquire all Wallbridge’s nickel property, assets, rights and obligations, including the Grasset property, to create a publicly-traded nickel exploration and development company.
Archer is backed by Inventa Capital, a Vancouver-based merchant bank founded in 2017 with the goal of discovering and funding opportunities in the resource sector. The nickel assets consist of 2 046 mining titles covering about 67 000 ha and include a 100% interest in the Grasset nickel sulphide project located in Quebec.
https://www.northernminer.com/
Shares of EV Nickel (TSXV: EVNI) jumped more than 50% in morning trading as the company’s latest drill results from its Shaw Dome project in Timmins, Ont., intersected high-grade nickel sulphide.
Highlights from the drill results included 14.30 metres grading 1.50% nickel starting from 311.8 metres in drillhole EV22-12, including 5.40 metres grading 2.96% nickel; and 5.50 metres grading 1.33% nickel starting from 373.50 metres in drillhole EV22-13.
Some Baker Lake residents and organizations are expressing concerns over planned uranium exploration in the Thelon Basin next year. The majority of comments submitted to the Nunavut Impact Review Board that were made public by the board have expressed concern or questions, with others writing in opposition.
The review board makes recommendations to the federal minister of northern affairs about the economic and social impacts of proposed development projects in the territory. NIRB opened up the commenting period to the public June 14; commenting closed July 5.
https://www.thesudburystar.com/
Naomi Grant, Franco Mariotti, and Viki Mather are steering committee members with the Wolf Lake Coalition.
Wolf Lake is the largest remaining old-growth red pine forest in North America. This globally significant and endangered ecosystem is a recreational paradise known around the world. It has been recognized as a fish sanctuary, a candidate for park status, and as a priority natural area for protection.
It is also the site of active mining leases and claims. Wolf Lake’s Forest Reserve status protects it from logging but allows mining activity, with the intention for the lands to be added to the provincial park or conservation reserve when the mining claim or lease expires through normal processes.
With significant demand and potential in Canada for high-grade palladium, platinum, rhodium, copper, nickel and cobalt, Canadian North Resources Inc. (CNRI) is at late-stage exploration and development of its mining property in the Kivalliq region of Nunavut, in Canada, namely the Ferguson Lake project.
The company, which owns 100% of the project, has a mandate to create shareholder value from the advancement of its Ferguson Lake project, which holds substantial resources of copper (0.46-billion indicated and 0.95-billion inferred pounds), nickel (0.32-billion indicated and 0.55-billion inferred pounds) and cobalt (37-million indicated and 62-million inferred pounds) plus palladium (1.08-million indicated and 2.12-million ounces) and platinum (0.18-million indicated and 0.38-million inferred ounces).
https://www.canadianminingjournal.com/
Nuinsco Resources (CSE: NWI; OTC: NWIFF) has published an initial mineral resource estimate (MRE) for its Prairie Lake critical minerals and phosphate project. The property is located 28 km north of the Trans-Canada Highway and 45 km northwest of town of Marathon, Ont.
The initial Prairie Lake resource is based on 73 inclined diamond drill holes performed between 1969 and 2010, for a total of 12,180 metres. Additionally, surface trenching totalling 2,068 metres is also included in the estimate.
https://www.northernontariobusiness.com/
SPC Nickel emerging as new nickel player in the Sudbury basin in seeking to resurrect former nickel mine
A new nickel player in the Sudbury mining camp expects great results toward resurrecting a former mine, while two other junior miners pursue palladium and gold at the opposite ends of the basin.
SPC Nickel cashed up over the winter with more than $3 million to go exploring for nickel, copper and platinum group metals (PGM) on its three properties in the Sudbury area.
https://www.theglobeandmail.com/
Courtney Vasseur, a British Columbia Hells Angels member, and former Canadian Football League player David Sidoo are among 16 people accused of perpetrating a sprawling international pump-and-dump scam that lasted more than a decade and bilked investors out of an alleged US$194-million.
The U.S. Securities and Exchange Commission and the U.S. Attorney’s Office for the Southern District of New York are alleging that the defendants, almost half of which are Canadian citizens, manipulated the share prices of scores of U.S. penny stock companies over a period of about 15 years.
https://northernontario.ctvnews.ca/
It was a packed house at Bryston’s in Copper Cliff on Wednesday as members of the Greater Sudbury Chamber of Commerce came out to hear the latest on lithium. Specifically, they were there to hear from Frontier Lithium president Trevor Walker, who touched on the company’s plans to develop the Pak deposit in northwestern Ontario.
The Sudbury-based company could soon become one of the biggest lithium suppliers in North America given the value of the deposit at Pakeagama Lake. “We’re blessed to also have former Chief Bart Meekis of Sandy Lake First Nations on the board of directors,” said Walker.
https://www.miningnewsnorth.com/
SPC Nickel Corp., a new Canadian exploration company, April 5 outlined plans for the 2022 exploration program on its Muskox nickel-copper-platinum group metal property in Nunavut.
Located in the Kitikmeot region of Nunavut, about 400 kilometers (250 miles) north of Yellowknife, Northwest Territories, Muskox is a 45,200-hectare (111,700 acres) property that covers prospective geological settings with numerous similarities to many of the world’s largest nickel mining camps.
https://www.northernontariobusiness.com/
Mine developer intersects high-grade nickel at Crawford project
This is has been one of those ‘milestone’ weeks for Timmins mine developer Canada Nickel Company and its Crawford nickel sulphide project.
First, the Toronto-based company announced it had pulled the highest grade of nickel drill core ever recorded on the property, then it cashed up for the remainder of this year, taking in $51.6 million from the sale of flow-through shares.
The Toronto-quoted equity of Hemlo Explorers Inc. (TSXV: HMLO) jumped more than 53% on Monday after the company revealed it had entered a binding term sheet with Barrick Gold Corporation (TSX: ABX; NYSE: GOLD) that will give Barrick a right to earn up to 80% of the Pic project in Ontario.
Located 25 kilometres west of Barrick’s Hemlo mine, Barrick will have to deliver to Hemlo Explorers a pre-feasibility study within six years of signing the definitive agreement. Under the terms of the deal, Barrick will commit to spending at least $800,000 on the project in the first 12 months, followed by an annual commitment of at least C$1 million ($800,000).
The internet is littered with so-called financial experts who urge you mortgage everything you own to fill your boots with assets like bitcoin. As a result, thousands of novice investors get fleeced like lambs, Frank Giustra writes.
Fake news! Everyone is complaining about it. No matter if you are politically left or right leaning, we’ve all expressed our dissatisfaction with news stories relating to topics centred around politics, climate change or the pandemic.
We tend to complain loudly when we see “fake news” on those topics. But how often do you hear complaints about unreliable information in the financial media? I certainly haven’t run across much over the years.
https://www.canadianminingjournal.com/
Frontier Lithium (TSXV: FL; OTC: LITOF; FRA: HL2) has successfully concluded a pilot-scale campaign to produce 500 kg of spodumene concentrate that will be used to conduct piloting of a hydrometallurgical conversion process.
A 7,800-kg sample of blended material from the Spark (89%) and PAC (11%) deposits was collected. It averaged 1.57% lithium oxide and 0.8% iron oxide. The Spark material is fine-grained, which necessitated desliming, magnetic separation and gravity concentration before flotation.
