Canadian Mining Journal Staff

Midas gets a $9.8M approval from Teck

Vancouver-based Midas Gold (MAX-T) says it should now have enough cash to keep advancing its Golden Meadows gold-antimony-silver project in Idaho until the end of 2014 owing to a $9.8-million endorsement from Teck Resources (TCK.B-T, TCK-N).

Canadian Mining Journal Staff | July 4, 2013 | 3:55 pm

LITHIUM: First high purity lithium carbonate produced by Canada Lithium

QUEBEC – Canada Lithium Corp. has produced its first run of 99.1% Li2CO3 from its plant near Val d'Or. The lithium carbonate is currently being upgraded to 99.5% battery grade material in the company's solvent extraction and bicarbonate...

Canadian Mining Journal Staff | July 3, 2013 | 3:34 pm

GOLD: Drilling at Newman Todd returns bonanza grades

ONTARIO – Vancouver-based Redstar Gold Corp. reports high grade drilling results from its Newman Todd gold property in the Red Lake district. Assays from NT-149 were 17.86 g/t over 1.0 metre Au including 26.40 g/t over 0.5 metre. Hole...

Canadian Mining Journal Staff | July 3, 2013 | 3:33 pm

ENVIRONMENTAL: Investment puts BacTech a step closer to Snow Lake project

MANITOBA – BacTech Environmental Corp. has arranged a bridge loan that will enable it to compete its front end engineering and design work for the Snow Lake project to remediate the arsenopyrite concentrate stockpiled at the site.

Canadian Mining Journal Staff | July 3, 2013 | 3:32 pm

APPOINTMENT: Iacobucci to lead Ring of Fire talks for province

TORONTO – Retired Supreme Court justice Frank Iacobucci has been appointed Ontario’s lead negotiator in talks with the Matawa Tribal Council over resource developments in the Ring of Fire.

Canadian Mining Journal Staff | July 3, 2013 | 3:27 pm

SOFTWARE: Wenco fleet system commissioned at Meadowbank mine

NUNAVUT - Wenco International Mining Systems of Richmond, BC, has commissioned its fleet management system at Agnico Eagle's Meadowbank open pit gold mine 70 km north of Baker Lake. Meadowbank is a low Arctic operation located about 2,600...

Canadian Mining Journal Staff | July 3, 2013 | 3:23 pm

Commentary: A look at Canada’s strengthened Foreign Anti-Corruption Law

The following article is reprinted with permission from CMJ’s sister publication The Northern Miner.

Canadian Mining Journal Staff | July 3, 2013 | 3:21 pm

SILVER: Pascua-Lama slowdown hits Silver Wheaton

VANCOUVER – On Friday, as Canadians were gearing up for the long Canada Day weekend, Barrick Gold of Toronto announced its plans to slow work at its troubled Pascua-Lama gold mine on the Chile-Argentina border (see the Northern Miner...

Canadian Mining Journal Staff | July 2, 2013 | 4:25 pm

INVESTMENT: Chinese take interest in Fortune’s NICO project

NORTHWEST TERRITORIES – Fortune Minerals of London, ON, has put the word out that the Chinese have made a strategic investment in the company. Procon Resources, the Vancouver-based mining contractor in which China CAMC Engineering has a...

Canadian Mining Journal Staff | July 2, 2013 | 4:22 pm

DIAMONDS: Gahcho Ku indicated resource jumps to 56.6M ct

NORTHWEST TERRITORIES – Operator Mountain Province Diamonds of Toronto has posted an updated resource estimate for the Gahcho Kué diamond project that it shares with De Beers Canada. The 5034, Hearne and Tuzo pipes contain a total...

Canadian Mining Journal Staff | July 2, 2013 | 4:20 pm

Barrick puts Pascua-Lama on slow track, looks at US$5B write down

When you're in trouble, by all means keep digging, but just slow down the pace a bit. At least that is the solution Barrick Gold (ABX-T, ABX-N) has devised for its bloated Pascua-Lama gold mine project under construction in Chile and Argentina.

Canadian Mining Journal Staff | July 2, 2013 | 4:18 pm

GOLD: Pretium reports on Brucejack feasibility

BRITISH COLUMBIA – Pretium Resources of Vancouver has filed the feasibility study for its Brucejack gold project near Stewart. A 2,700-t/d underground mine using longhole open stoping plus a mill combining conventional flotation and...

Canadian Mining Journal Staff | June 27, 2013 | 4:05 pm

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