Archive | Ontario Mining

Old camps yielding rich new discoveries: Reinterpretation of former mining districts leading to new finds near Thunder Bay, Wawa – by Karen McKinley (Northern Ontario Business – September 25, 2018)

https://www.northernontariobusiness.com/

Long-abandoned mining camps in Northern Ontario are proving to be far from dead. Two historic mining camps – the Thunder Bay silver district and an emerging gold camp on the outskirts of the town of Wawa – are proving to contain plenty of resources decades after they were believed to be mined out, or contained nothing significant.

Jean-François Montreuil, chief geologist for Honey Badger Exploration and Red Pine Exploration, gave a presentation on the respective properties, the Thunder Bay Polymetallic Silver Project, and the Wawa Gold Project, at a monthly meeting of the Sudbury Prospectors and Developers Association on Sept. 18.

The Thunder Bay camp, 25 kilometres west of the city, holds a special significance, as it is the home of 12 past-producing mines that produced 1.67 million ounces of silver and sits on one of two known silver-bearing geologic belts in the area. Continue Reading →

Numbers looking solid for River Valley project – by Karen McKinley (Northern Ontario Business – September 20, 2018)

https://www.northernontariobusiness.com/

New Age Metals holds annual tour of proposed platinum group mine, gives updates on progress of project

New Age Metals’ River Valley project could be a historic mine site, according to its developers, so long as investor confidence and the markets remain strong enough to see it become a reality.

Investors, First Nations partners, geologists and curious members of the public were invited on Sept. 12 to take a site tour of the proposed open pit mine, located approximately 100 kilometres northeast of Sudbury.

Visitors were first taken to a core shack in the town of River Valley, 22 kilometres south of the site, to examine samples, and then brought to the 16,000-acre, 16-kilometre-long site itself, to examine outcroppings and drill hole locations. Company representatives also fielded questions on the history of the region, potential economic benefits and recent developments. Continue Reading →

Copper Cliff Superstack dismantling will begin in 2020, Vale says (CBC News Sudbury – September 19, 2018)

https://www.cbc.ca/news/canada/sudbury/

380-meter chimney has loomed over city since 1970

Mining giant Vale says that the Superstack will be standing on Sudbury’s skyline until 2020, at which point the iconic structure will be slowly taken apart.

Angie Robson, Vale’s manager of corporate affairs, told CBC News that with recent pushes by the company to reduce emissions, the stack has simply outlived its usefulness. “It’s simply too big for our needs, given the reduction in emission we’ve been able to achieve,” Robson said. “So it’s going to stay in service until 2020.”

The 380-metre high stack was built in 1970 to disperse sulphur gases and other byproducts of the smelting process away from the city. “It’s simply too big for our needs, given the reduction in emission we’ve been able to achieve,” Robson said. “So it’s going to stay in service until 2020.” Continue Reading →

Kirkland Lake Gold raises stake in Osisko Mining – Staff (Northern Miner – September 19, 2018)

http://www.northernminer.com/

Kirkland Lake Gold (TSX: KL; NYSE: KL) has boosted its ownership in Osisko Mining (TSX: OSK) from 8.58% to about 13.61%.

The mid-tier gold producer reported it has invested about C$25 million to acquire 14.71 million Osisko shares at $1.70 apiece, bringing its total shares in the company to 32.63 million.

Kirkland Lake’s president and CEO, Tony Makuch, said the strategic investment increases its ownership interest in northwestern Quebec’s Urban Barry area, which he believes “has become a new, highly prospective mining camp in the prolific Abitibi Greenstone belt.” Continue Reading →

Glencore awards Onaping Depth contract to Cementation Canada – by Staff (Sudbury Star – September 19, 2018)

https://www.thesudburystar.com/

Canada Inc. said Tuesday it has been awarded the design and construction of the new internal underground shaft for the Onaping Depth Project at Craig Mine. The mine is part of Glencore’s Sudbury Integrated Nickel Operations (Sudbury INO).

“Onaping Depth has been an iconic project for us and we have worked very closely with Sudbury INO over the years to evaluate and provide the shaft designs and methodology that combine safety with value,” Roy Slack, president of Cementation Canada, said in a release. “We are thrilled that the project is going ahead and are very excited to be Sudbury INO’s main contractor and design engineer for this shaft project.”

Cementation Canada did not say how much the contract was worth. Glencore, however, has freed up $700 million for Onaping Depth. Production at Onaping Depth expected to begin in 2023 — and go fully online by 2025. Continue Reading →

Consultation needed before any development in Ring of Fire: Grand Chief – by Joshua Santos (Timmins Times – September 18, 2018)

https://www.timminstimes.com/

First Nations want to be involved not, not after the fact.

Mining companies and politicians shouldn’t get too far ahead of themselves discussing development within the Ring of Fire, says the grand chief of a regional First Nations council.

While there has been much talk about its mineral riches, Indigenous communities within that area want more consultation before development begins, says Mushkegowuk Grand Chief Jonathan Solomon.

“We have talked about it in our council, the Mushkegowuk Council with the First Nations communities,” said Solomon. “The legal advice we got from our lawyers is, ‘You have a position now to demand a full involvement in the environment assessment (EA) processes.’” Continue Reading →

Lac des Iles Mine has 10 more years of life: North American Palladium releases new feasibility study, mine plan for northwest operation (Northern Ontario Business – September 17, 2018)

https://www.northernontariobusiness.com/

The discovery of new underground reserves has pushed the life of the Lac des Iles Mine (LDI) to 10 years. North American Palladium (NAP) released an updated feasibility study and mine plan that projects a longer mine life at its operation, north of Thunder Bay.

NAP has been employing a more efficient bulk mining method – known as sublevel shrinkage (SLS) – in the lower part of the mine that it intends to utilize at other near-surface resources on their property. In June 2017, NAP put out a feasibility study that projected nine-and-a-half years of mine life. The updated study extends it by one year to 2027.

North American Palladium regards LDI as already one of the lowest cost underground mines in Canada. The new study shows improved margins, cash flows, mine life and net present value relative than what the company released in June 2017. Continue Reading →

Timmins-area mineral properties ripe for development – by Lindsay Kelly (Northern Ontario Business – September 18, 2018)

https://www.northernontariobusiness.com/

McEwen Mining provides mid-year update on exploration, development activities

Rob McEwen is so confident in the quality of his namesake company and its deposits he’s put $160 million of his own capital into their development, and is taking a salary of just $1 per year, without a bonus or options.

“So why such a big commitment?” he asked during a Sept. 7 mid-year webcast report to investors. “I’m a big believer in our future, the potential of our properties, the skill of our team, and the power of mining to make a meaningful contribution to society at large.”

McEwen is the founder, chair, and chief shareholder of McEwen Mining, which owns a number of gold and base metals properties in the Timmins area, in addition to the El Gallo Mine in Mexico, the San José Mine in Argentina, the Gold Bar property in Nevada, Project Fenix in Mexico, and the Los Azules property in Argentina. Continue Reading →

Canadian mining industry says goodbye to ‘turnaround man’ Bill James – by Robin de Angelis (CBC News Sudbury – September 17, 2018)

https://www.cbc.ca/news/canada/sudbury/

The man credited with making mining company Falconbridge Ltd. a success in the 1980s has passed away. William “Bill” James died on September 4, at the age of 89.

James took the helm of Falconbridge at a time when the company was losing millions of dollars each week due to flagging metal prices. He cut jobs and corporate spending, eventually making the company an attractive target for a takeover for Noranda.

Ed Thompson, a board member with the Canadian Mining Hall of Fame, remembers working with James for almost 50 years. “He was a very forthright, honest man,” Thompson recalled. Continue Reading →

NEWS RELEASE: Wallbridge Announces $3.9 Million Strategic Investment by Eric Sprott (September 14, 2018)

http://www.wallbridgemining.com/

Toronto, Ontario – September 14, 2018 – Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) (“Wallbridge” or the “Company”) is pleased to announce that it has closed a non-brokered private placement (the “Offering”) through the issuance of 30,000,000 units of the Company (each a “Unit”) for gross proceeds of $3,900,000. Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, was the sole purchaser of the Offering.

“We are pleased to have a gold investor such as Eric Sprott as one of our large shareholders. Eric is very familiar with high grade gold deposits in the world and Fenelon obviously fit that bill,” stated Marz Kord, President & CEO of Wallbridge. “On behalf of all Wallbridge shareholders, we welcome Eric’s support in our drive to make Fenelon Gold to be the first high grade operating mine in this emerging belt in Northwestern Quebec.”

Under the terms of the Offering, the Units were issued at a price of $0.13 per Unit. Each Unit consists of one common share of the Company (a “Common Share”) and a one-half Common Share purchase warrant. Each whole Warrant (a “Warrant”) will entitle the holder to acquire one additional Common Share (a “Warrant Share”) for a period of twenty-four (24) months from the closing date at an exercise price of $0.20 per Warrant Share. Continue Reading →

IAMGOLD chief talks up economic benefits of new gold mine – by Len Gillis (Timmins Daily Press – September 15, 2018)

https://www.timminspress.com/

The new IAMGOLD Coté Lake gold mine project is going to be bigger than most people expect according to the company president and CEO Stephen J.J. Letwin, who spoke to the business community of Timmins at the Dante Club on Friday.

He said the project will generate more than $9 billion in economic activity over the 17-year production life of the mine as well as generating billions in payroll. Letwin said this would create a positive impact on the economies of Timmins, Sudbury, Gogama and Northern Ontario.

Letwin was in Timmins with several other company executives as they were taking part in an inspection tour of the new property located south of Gogama, and just a few kilometres west of Highway 144 in Chester and Yeo Townships. Continue Reading →

$1 billion later: Vale completes its Clean AER project: Superstack to be decommissioned as miner reduces emissions by 85% – by Arron Pickard (Sudbury Northern Life – September 14, 2018)

https://www.sudbury.com/

The largest single environmental investment in Greater Sudbury is now complete. Vale celebrated the completion of its $1-billion Clean Atmospheric Emissions Reduction project on Friday, achieving an 85-per-cent reduction in previous sulphur dioxide emissions and a 40-per-cent reduction in metal particulate emissions.

Dave Stefanuto, director of projects for Vale’s North Atlantic Operations, said the completion of the has been 10 years in the making, and was no small undertaking. This size and scope of the project was massive, considering the company continued to operate with no interruptions.

“We began in earnest in 2008, and broke ground in 2012, but the project has evolved over the years,” Stefanuto said. “We decided to move to a single furnace operation in 2013, which resulted in a greater reduction in emissions we had originally estimated.”

There are three core elements to the project: new converters in the smelter facility; the new wet gas cleaning plant, and; a new secondary baghouse facility. Continue Reading →

Vale celebrates completion of emissions reduction project – by Harold Carmichael (Sudbury Star – September 15, 2018)

 

https://www.thesudburystar.com/

Scientist David Pearson still has a vivid memory of a “bad air day” when he was getting out of his car at Laurentian University in the early 1970s, prior to the Inco Superstack being built.

“I ran from my car to get in the building,” he recalled, during a press conference Friday at the Vale Copper Cliff Smelting Complex. “It was not a pleasant experience.” Friday’s event marked the end of the mining company’s six-year, $1-billion Clean Atmospheric Emissions Reduction project.

It involved the construction of two new converters, which have special hoods to capture sulphur-dioxide gas, and a new wet-gas cleaning plant that captures 85 per cent of the sulphur-dioxide emissions previously emitted by the Superstack.

As well, Clean AER introduced a baghouse/fan building that acts like a giant vacuum cleaner, reducing metals particulate emissions by 40 per cent, and a pair of new 450-foot stacks that will be more efficient to operate than the Superstack. Continue Reading →

Tahoe drills to win gold at world mine rescue competition – by Ron Grech (Timmins Daily Press – September 12, 2018)

https://www.timminspress.com/

A united effort is underway this week to help the Timmins mine rescue team from Tahoe Resources Canada put in a good showing when the team takes part in the International Mine Rescue Competition (IMRC) being held in Russia later this month.

The Timmins team, aside from winning the Timmins District mine rescue competition held in May, also won the all-Ontario mine rescue competition in June. As such, the team was challenged to take part in the IMRC event happening in Ekaterinburg, Russia, from Sept. 22 to 29.

On Wednesday, Team Tahoe stepped up its game as members of the Timmins fire department were joined by mine rescue officers from across Ontario to provide intense speciality training to the Timmins mine rescuers. This took place at the Northern College fire training site. Continue Reading →

First Nations consent and environmental impact dominate concerns at Ring of Fire demonstration on Ramsey Lake Road – by Allana McDougall (Sudbury Northern Life – September 7, 2018)

https://www.sudbury.com/

The three-hour long demonstration that took place at the intersection leading to Sudbury’s university campuses on Ramsey Lake Road stopped traffic for just three minutes.

Two round dances were scheduled to take place. One at 10 a.m. and another at 11 a.m.; only the 11 a.m. round dance occurred. Greater Sudbury Police Services was present at that time to direct right-turning traffic and to ensure the safety of those who participated. Left-turning traffic was not able to proceed.

Organizer Bruce McComber said that he’s been a part of a broad network of activists, scientists and environmentalists for almost ten years. According to him, that network has been trying to force the government and corporations to provide more thorough environmental assessments and pay better taxes, among other things. For him, opposition to the project includes acknowledgement of issues that precede development. Continue Reading →