Archive | Quebec Mining

NEWS RELEASE: Osisko Mining Provides Quebec Exploration Update (February 8, 2018)

http://www.osiskomining.com/

Exploration Budget for 2018: $100 million

(Toronto, February 8, 2018) Osisko Mining Inc. (OSK:TSX) (“Osisko” or the “Corporation”) is pleased to provide an update on the progress of exploration at its 100% owned Windfall Lake, Urban Barry and Quévillon gold projects located in the Abitibi greenstone belt, Eeyou Istchee James Bay, Québec.

Osisko has been conducting new exploration and definition drilling at Windfall for 26 months, since late October 2015. As of the end of January 2018, Osisko has completed 518,000 metres of the planned 800,000 metres to complement the pre-existing 180,000 metres drilled at Windfall by previous operators.

The company is rapidly advancing the Windfall and Lynx deposits through a balance of resource delineation drilling and exploration drilling for extensions and new mineralized zones. Osisko has been successful in the past two years at significantly expanding the known areas of mineralization in the Windfall system and reinterpreting the geological model of the Windfall deposit. Continue Reading →

NEWS RELEASE: Investing in Canada’s clean tech ecosystem will promote effective mining waste management while reducing greenhouse gases (January 24, 2018)

NEWS PROVIDED BY: Innovation, Science and Economic Development Canada

Minister Bibeau announces $1.2 million to help a Thetford Mines company develop new technologies that will improve mining operations and produce cleaner ore

THETFORD MINES, QC, Jan. 24, 2018 /CNW/ – A more economical and environmentally friendly approach to capturing arsenic waste from mining operations may soon be developed thanks to an investment in new clean technologies from the Government of Canada.

The federal investment of $1.2 million was announced today by the Honourable Marie-Claude Bibeau, Minister of International Development and La Francophone and Member of Parliament for Compton–Stanstead, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.

Dundee Sustainable Technologies will use the funding to develop a process to separate the arsenic waste commonly produced through mining operations and trap it in stable, non-toxic glass. Continue Reading →

NEWS RELEASE: RNC Minerals Plans Initiatives To Allow Decision To Begin Construction Of Dumont Nickel-Cobalt Project In 2019; Highlights Large Nickel And Cobalt Reserves

http://www.rncminerals.com/

TORONTO, Jan. 15, 2018 /CNW/ – RNC Minerals (TSX: RNX) (“RNC”) expects to undertake a series of initiatives during 2018 to position the company to make a decision to begin construction of the Dumont Nickel-Cobalt Project, which contains the world’s largest undeveloped reserves of both cobalt and nickel, in 2019.

With many market participants expecting explosive growth in nickel and cobalt demand from the electric vehicle market over the coming decade, RNC continues to be approached by a number of potential strategic investors, offtake partners and financiers who could provide the financing required to begin construction.

“The Dumont Nickel-Cobalt Project, one of the world’s premier battery metals projects, contains the world’s largest undeveloped reserves of both cobalt and nickel. It also contains the 2nd largest nickel reserve and the 8th largest cobalt reserve of any deposit in the world,” said Mark Selby, President and CEO of RNC Minerals. Continue Reading →

Human activity takes a toll on caribou habitat in Nunavik – by Sarah Rogers (Nunasiaq News – December 14, 2017)

http://www.nunatsiaqonline.ca/

Researchers at Université Laval say human activity in northern Quebec is damaging and reducing the extent of caribou habitat, along with the health of the herds that migrate through Nunavik each year.

A new study attempts to quantify that impact by looking at how the animals have shifted their ranges as roads and mines are developed in the region.

The two main migratory caribou herds in Nunavik have seen their populations drop dramatically in recent years. The George River herd has plummeted from 800,000 animals in 1993 to just 9,000 in 2016, while the Leaf River herd has dropped from 600,000 caribou in 2001 to less than 200,000 today. Continue Reading →

Eastmain Resources advances multiple projects in Canada’s newest gold camp – by Trish Saywell (Northern Miner – December 13, 2017)

Goldcorp (TSX: G; NYSE: GG) put the underexplored James Bay gold district of northern Quebec on the map as a highly prospective new gold camp in 2014, when it poured the first gold from its Eleonore gold mine. Last year the mine, 800 km north of Montreal, produced 274,000 oz. gold and this year is expected to produce 315,000 oz. gold.

But a number of juniors are active in the area, too, some of them in a joint-venture partnership with Goldcorp on a property called Eleonore South, about 5 km to the south of the Eleonore mine and adjacent to the southeastern border of the gold major’s Eleonore property.

Eastmain Resources (TSX: ER; US-OTC: EANRF) and Azimut Exploration (TSXV: AZM) own 36.7% and 26.6% of the joint-venture project, respectively, with Goldcorp owning the remaining 36.7%. Continue Reading →

Orford to capitalise on ‘district-scale’ Qiqavik gold discovery, near-term catalysts in Carolina – by Henry Lazenby (MiningWeekly.com – November 30, 2017)

http://www.miningweekly.com/

VANCOUVER (miningweekly.com) – Planning is under way for another summer drill campaign at recently-gone-public explorer Orford Mining’s Qiqavik project, in the remote emerging gold belt of Cape Smith, in Northern Quebec.

“We’ve discovered a new gold district in Canada. This is like walking into the Timmins Belt for the first time,” veteran geologist, fund manager and now Orford president and CEO David Christie told Mining Weekly Online in an interview.

He explained that the Cape Smith Belt, especially the southern part, had seen significant exploration in the 1970s for base metals such as nickel. According to him, everyone was focused on nickel and no one considered the gold potential of Northern Quebec, until the 1980s. Continue Reading →

RNC to double nickel output at WA mine, resumes talks for Quebec project – by Mariaan Webb (MiningWeekly.com – November 28, 2017)

http://www.miningweekly.com/

JOHANNESBURG (miningweekly.com) – TSX-listed RNC Minerals has said it plans to double nickel production from its Beta Hunt mine, with production of four-million pounds of contained nickel forecast for 2018.

RNC Minerals is ramping up gold production at the Beta Hunt mine in Western Australia’s Kambalda mining district, with gold production expected to reach an annualised rate of 70 000 oz/y by the end of 2017.

President and CEO Mark Selby said on Monday that the mine provided good optionality from both gold and nickel production. “With the much larger scale in gold production, versus a standalone nickel mine, nickel production can be added at much lower cost compared to many other nickel producers in Western Australia,” he said. Continue Reading →

Wallbridge pushing for early production at Fenelon: Quebec property showing good results, say executives – by Karen McKinley (Northern Ontario Business – November 24, 2017)

https://www.northernontariobusiness.com/

A Sudbury-based junior mining company says it is feeling so confident over a Quebec gold property, a production decision could be made by late 2018. Wallbridge Mining presented their latest findings and core samples from their Fenelon property at a special presentation of the Sudbury Prospectors and Developers Association, Nov. 21.

The talk by senior geologist Attila Pentek and exploration vice-president Joshua Bailey was a comprehensive history of the property, the geology of the deposits, initial test drills and preliminary assay results of core samples, and timelines on production plans.

Fenelon is located 150 kilometres north of Val d’Or, an area Bailey described as being largely overlooked by prospectors. Exploring the property was part of a valuation strategy by the company, which met the investment criteria for a number of reasons. Continue Reading →

Opinion: Ensuring remote First Nations are fully ready for mining jobs – by Daniel Bland (Montreal Gazette – November 21, 2017)

http://montrealgazette.com/

Daniel Bland works with Cree Human Resources Development on the design and delivery of workforce development training programs. He is based in Mistissini.

Resource extraction companies across Canada continue to ride out a worldwide slump in commodity prices that market analysts suggest may continue into 2018 before showing signs of any extended recovery.

While that is certainly bad news for mining companies, it could be a blessing in disguise for many remote First Nations hoping to benefit from their proximity to potential mining operations.

In recent years, Canadian policy institutes and think tanks have paid considerable attention to determining the labour market demands of major mining projects, many of them planned on or near aboriginal land. Continue Reading →

Bloom Lake mine, dumped by Cliffs, to reopen by March – by John Myers (Duluth News Tribune – November 18, 2017)

https://www.duluthnewstribune.com/

The Bloom Lake iron ore mine in northern Quebec, shut down and abandoned by Cleveland-Cliffs in 2014, will be back up and running by March, the mine’s new owner says.

Quebec Iron Ore Inc., a subsidiary of Champion Iron Ltd., said Wednesday that it already has 250 employees on site and will have 450 workers by Christmas at the facility near Fermont, Quebec, near the border with Labrador.

The new company raised $350 million in financing, including about $51 million from the Quebec government, a $100 million loan from a government pension fund and another $80 million loan from a private lender. Continue Reading →

COLUMN-Zinc market focus turns to new supply, but don’t forget Quebec – by Andy Home (Reuters U.K. – November 15, 2017)

https://uk.reuters.com/

LONDON, Nov 15 (Reuters) – The Dugald River zinc mine in the Australian state of Queensland made its maiden shipment of concentrates earlier this month. Once ramped up to full speed, the mine will produce around 170,000 tonnes per year of contained metal.

It is the most tangible sign yet of the coming wave of new zinc supply, timed to capitalise on decade-high prices and a structural shortfall of raw materials. All over the world, it seems, geologists are revisiting old mine plans in a collective new zinc rush.

They’re even looking to revive the giant Century mine in Australia. Once operated by Dugald River’s owner MMG, Century’s closure in 2015 was a symbolic milestone on the road to global market deficit. Continue Reading →

As its diamonds break apart in production, Stornoway shares take a hit – by Nicolas VAn Praet (Globe and Mail – October 25, 2017)

https://beta.theglobeandmail.com/

Quebec’s first diamond mine has a grating problem: Its gemstones are breaking more than anyone anticipated. And that’s hitting the shares of its owner, Stornoway Diamond Corp.

The emerging diamond producer built the Renard mine in the Otish Mountains, a range of hills north of Lac Mistassini in north-central Quebec, in the summer of 2016 with a $946-million financing package. The project came in under budget and five months ahead of schedule, igniting hopes that it will lead to other resource development in the province’s vast northern territory.

But Stornoway has hit a snag. The Renard diamonds are breaking in processing to a higher degree than the company expected, hurting both the price they’re fetching at auction as well as Stornoway stock. In the diamond industry, bigger is better. And too many big Renard diamonds are getting smashed in its crushers. The quality profile of the diamonds has suffered as well. Continue Reading →

The top business risks for Quebec mining companies – by Zahid Fazal (Canadian Mining Journal – October 1, 2017)

http://www.canadianminingjournal.com/

A rebound in commodity prices and a lower Canadian dollar have injected fresh momentum into the mining industry in Quebec.

In some ways, this is a continuation of the strengthening we’ve seen across the industry since the financial crisis. Things have improved significantly since 2008, with producers across the province shoring up their balance sheets and holding much healthier cash balances. And on the cost side, miners are continuing to drive down expenses through a focus on productivity and the subsequent automation and digitization of their operations.

Even with these positive indicators, insufficient financing and volatility in the mining industry continue to persist, and a number of other significant business risks pose challenges for Quebec producers. Based on EY’s 2017 ranking of the business risks facing mining and metals, the following three risks stand out as particularly relevant for producers and explorers based in the province. Continue Reading →

Quebec Snapshot: Nine juniors with active exploration and development projects – by John Cumming (Northern Miner – September 27, 2017)

Global mining news

Quebec has proven to be a hotbed for junior mining company activity and perennially one of the industry’s favourite jurisdictions in which to operate. Gold remains the target of interest, but the province’s rich mineral endowment means juniors are also on the hunt for silver, platinum group metals, copper, lead-zinc, nickel, iron ore, rare earth elements, graphite and lithium.

ALEXANDRIA MINERALS

Toronto-based, Eric Owens-led junior Alexandria Minerals (TSXV: AZX) is in the midst of a 30,000-metre, mid-year drill campaign at its Orenada gold property, situated on the Cadillac Break geological structure, immediately southeast of the city of Val-d’Or, Quebec.

Alexandria’s near-term goal is to expand the deposit to the east and west — especially the deposit’s Zone 1 — with an eye to completing a resource estimate before year-end. As of 2009, Orenada had a near-surface resource of 4.3 million measured tonnes grading 1.36 grams gold per tonne (189,000 contained oz. gold), 6 million indicated tonnes of 1.01 grams gold and 4.7 million inferred tonnes. Continue Reading →

[Northwestern Quebec] The Birth of Rouyn and Noranda: A Mining Story (Website Historical Resource)

1932 Group Photo of Noranda Executives – James Murdoch and Noah Timmins in front row centre wearing fur coats

For an excellent website historical resource on Rouyn and Noranda: http://www.virtualmuseum.ca/community-stories_histoires-de-chez-nous/rouyn-noranda-une-histoire-de-mines_a-mining-story/

In the mid-1920s, discovery of copper and gold deposits in Northwestern Quebec resulted in an epic mining rush. Prospectors, followed by thousands of men and women, gathered there to work and live. Two neighbouring mushroom towns with many fundamental differences, Rouyn and Noranda, quickly came to life in the boreal forest, becoming populous and organized communities.

Unlike the farming parishes established earlier on in Abitibi and Témiscamingue, Rouyn and Noranda were built as a result of mining developments. In but a few short years, the landscape changed drastically: In the 1910s, only Aboriginal peoples and prospectors looking for precious metals were seen around Osisko Lake, but in 1925, a large influx of newcomers settled in the area. Continue Reading →