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Resource World - BC Mining
 

Resource World - BC Mining

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    Resource World - BC Mining Resource World - BC Mining Document Transcript

    • British ColumBia Ever since the Fraser River Gold Rush of 1858, British Columbia has had a distinguished history of mineral discoveries. While the Fraser stampede of 30,000 miners was short-lived, it played an important role in British Columbia becoming a colony of the British Empire and, eventually a province in 1871. Other rushes followed such as the Similkameen, Cariboo, Cassiar and Atlin gold rushes. This influx of placer gold miners eventually resulted in hard rock mineral exploration, and coupled with the old Vancouver Stock Exchange, established in 1906 to assist mineral explorers, the coastal city of Vancouver became the junior explora- tion capital of the world. Continued exploration in BC resulted in the discovery of major mineral deposits, some of which still have mines in production, such as the Teck Resources Highland Valley Copper Mine and Thompson Creek’s Endako Molybdenum Mine. Meanwhile, a number of proj- ects are in advanced stages such as the Copper Mountain Mine near Princeton that is being brought back to life. Other projects likely to be developed into mines include Galore Creek, Red Chris and Avanti Mining’s Kisault Molybdenum Project. Essentially, British Columbia has a variety of favourable geological environments, potentially hosting deposits of gold, silver, copper, zinc, lead, molybdenum, coal and sometimes several valuable metals combined in polymetallic deposits. The building of mines to extract these deposits has resulted in BC’s mining industry contributing substantial revenues to the province. SPECIAL PULL-OUT SUPPLEMENT
    • Yukon Territory Northwest Territories LAKE TESLIN Atlin LAKE ATLIN LAKE L IA RD RI VE R Junea u Fort Nelson British Columbia ALASK A (USA) WILLISTON Fort St. John Stewart Hudson's Hope PE AC E LAKE Chetwynd Dawson Creek Mackenzie Alberta 4 New 3 Hazelton Tumbler Ridge PRINCE RU Terrace Smithers BABINE PERT LAKE Fort St. James Houston Burns Lake 2 6 QUEEN KITIMAT PRINCE GEORGE Queen Vanderhoof Charlotte City Sandspit CHARLO 6 McBride 5 TTE Wells Mount Quesnel Robson Barkerville Valemount ISLANDS 2 FR AS E R QUESNEL 5 LAKE Anahim Lake RIVER Bella Bella Bella Coola Blue WILLIAMS LAKE River PSON 100 Mile House Clearwater OM TH NO 7 RTH Golden CO Pacific Ocean LU M Clinton KA B IA M CALGARY Goldridge Cache LO Revelstoke R Port Hardy Sicamous IV OP 7 Creek ER Chase Salmon Arm Lillooet S Radium Invermere Hot Springs 7 Logan Lake RI Armstrong VE Pemberton Na kusp R 7 VERNON New Lumby Denver Campbell Lytton Elkford River Powell River Whistler Merritt KELOWNA 3 Kaslo Fort Sparw Kimberley Steele ie ood Vancouver Island Comox Courtenay Summ erlan d Naramata oo d 8 CRANBROOK Nelson Fern Princeton Penticton w Castlegar en VANCOUVER Hope Oliver Creston Gre Grand Tofino Forks Trail Ucluelet NANAIMO Osoyoos 3 VICTORIA Washington SEATTLE The value of BC’s mineral commodity sales in While some areas in British Columbia have been 2008 totalled $6.6 billion, or about 14% of provin- set aside as parks and protected areas, the province cial exports, including $545 million in direct taxes to remains a mining-friendly jurisdiction. Vancouver government. There are approximately 28,000 workers boasts a wealth of geological talent, mining engineering employed in BC’s mineral sector, including service and expertise and is a major centre for exploration and mine supply jobs. project financing. Many exploration and mining compa- After over 150 years of exploration and mining nies have signed agreements with First Nations bands activity, one might suppose all the rich mineral depos- that will benefit both the companies and the bands. its have been discovered; however, that is not the With over 12,000 known mineral showings, pros- case. Each year brings new discoveries and some of pects, past and producing mines, British Columbia’s those discoveries will result in mines being, planned, mineral explorers can look forward to a lucrative constructed and developed. future.
    • 1 Anglo-Canadian Uranium Corp. [URA-TSXV; AU3-Frankfurt] is explor- ing mineral properties in British Columbia, Québec, and the US. In British Columbia, its flagship property is the Princeton Copper Project, located near the town of Princeton, southwest BC. URA recently completed a Phase I exploration program at the prospect, favourably situated 1,500 metres south- southeast of the Copper Mountain Mining Pit #3, where it is currently building a 35,000 tonne-per-day mine and mill scheduled for production in June 2011. Anglo-Canadian’s exploration comprised establishing a baseline, hand trench- ing at six mineralized showings as well as road improvements. Chip and grab samples graded up to 2.71% copper, 1.145 grams gold/tonne, 7.7 grams silver/ tonne and 77 ppm molybdenum. Phase II work will define trenching and drill- ing targets. URA is also exploring its Stirrup gold prospect near Clinton, BC. 2 Commerce Resources Corp. [CCE-TSXV; Frankfurt D7H-FSE] spe- cializes in the exploration and development of rare metals and rare earths. Its most advanced project is the Blue River property north of Kamloops, southern British Columbia. The Upper Fir tantalum and niobium deposit at the Blue River Project hosts indicated resources of 7,384,000 tonnes grading 217 grams Ta2O5 (tantalum) and 1,202 grams Nb2O5 (niobium). This represents 3,533,000 pounds of tantalum and 19,568,000 pounds of niobium. Commerce is exploring the earlier stage Carbo claims northeast of Prince George, BC. During 2006-2007, the company conducted rock and soil sampling, and geo- physical surveys. Results showed highly anomalous concentrations of niobium and rare earth elements. In 2009, Commerce farmed out a 75% interest in the Carbo claims to Canadian International Minerals. 3 Grizzly Discoveries Inc. [GZD-TSXV] is focused on exploring gold and base metal prospects in British Columbia as well as diamonds and industrial minerals in Alberta. The company has five precious metal projects in BC encompassing over 175,000 acres. A $500,000 exploration program has just begun on the Greenwood Gold Project in south-central BC. The work includes approximately 1,200 metres of diamond drilling at two tar- get areas – the Sappho and Copper Mountain zones. Sampling at the Copper Mountain Zone has returned assays ranging from 9.41 to 99.6 grams gold/ tonne and up to 19.7 grams silver/tonne with base metal credits. Sampling the Sappho Zone returned up to 27.1 grams platinum/tonne, 1.49 grams palladium/tonne, 75.3 grams silver/tonne, 0.64 grams gold/tonne and Brian Testo, President, Chief Executive Officer, and Director 8.28% copper. 4 Avanti Mining Inc. [AVT-TSXV] is advancing its core asset, the formerly producing Kisault Molybdenum Project in northwest Coastal BC. Located 140 kilometres north of Prince Rupert, the project has a NI 43-101 compliant prefeasibilty study completed by independent consultant Wardrop Engineering. Proven and probable reserves stand at 215.3 million tonnes grading 0.085% Mo. Mine life would be 15 years, producing 24.5 million pounds per year of molybdenum. The project has power-grid utility as well as ocean and road access. Cash operating costs are estimated to be $4.43 per pound of Mo. Avanti recently engaged AMEC to prepare a feasibility study for the Kisault Mine, which will advance the project to the financing and construction decision stage. The study should be completed by Craig J. Nelsen, President, CEO, and Director October 2010.
    • 5 Barkerville Gold Mines Ltd. [BGM-TSXV] recently began underground gold mining operations in the West Zone at its QR Mine south-east of Quesnel, central BC. The company’s 900 tonne-per-day mill is located immediately above the QR Mine. It is the company’s objective to achieve 50,000 ounces of gold production from the QR Mine and its Bonanza Ledge open pit mine near Wells/ Barkerville east of Quesnel, BC. Barkerville Gold Mines owns the min- eral rights covering 1,065 square kilometres in the historic Barkerville Gold Camp which has recorded gold production of 3.8 million ounces, including an estimated 2.64 million ounces from placer mining and 1.23 million ounces from lode mining. Planning is under way for a development drilling program at the North Zone at the QR Mine. 6 Paget Minerals Corp. [TSXV-PGS] signed a joint venture agree- ment with Richfield Ventures Corp. [TSXV-RVC] to explore the Nechako Basin in central BC. Numerous historic gold showings on the 74,000 hectares, held 100% by Paget and Richfield, provide immediate targets for field assessment with a view to rapidly advance to drill stage for the 2010 exploration program. Each company contributed $500,000 to the joint venture for the initial 2010 field season with a minimum of 2,000–2,500 metres of drilling planned. Paget also holds claim blocks (100% owned) throughout central and northern BC, including the Mt. Dunn, Whitesail, JLN/Chist Creek precious and base metal proper- ties; the Mt. Bisson rare earth property; and the Lac Doda gold project in the Abitibi Belt of western Québec. 7 Christopher James Gold Corp. [CJG-TSXV] has a large portfolio of prospective gold projects in British Columbia and Nevada. The company has carried out exploration programs on its Big Kidd, Craigmont, Brassie Creek, and Little Fort Projects, all in southern BC. In Nevada, the company has six joint venture properties and has signed a LOI with Chesapeake Gold Corp. to acquire 100% of the Talapoosa epithermal gold project in Nevada. CJGC will also acquire the La Cecilia property in Sonora, Mexico as part of the deal with Chesapeake Gold Corp. The company’s shares are halted until a pending the completion of the transaction, the deadline for which is April 30, 2010. 8 Anglo-Swiss Resources Inc. [ASW-TSXV; ASWRF-OTCBB; AMO-Berlin] has been actively exploring the 150 square kilo- metre Nelson Mining Camp in southeast British Columbia, which includes its formerly producing Kenville Gold Mine. The property has never been subjected to large-scale systematic exploration using mod- ern techniques. The 2010 exploration program is expected to exceed $3,000,000. Its geotechnical team has reviewed results of an initial air- borne geophysical survey and identified two large anomalies within the camp. A new MAG/EM geophysical airborne survey will cover the entire property group and assist in identifying potential mineralized bodies and in delineating the extent of the known mineralized systems. Anglo Swiss has selected the first six surface drill sites for their proximity within the two anomalies identified by the earlier survey. Drilling began early May.
    • TSXV: GZD EM AIL ir@grizzlydiscoveries.com Anglo Swiss Resources exploring the 150 square kilometre Nelson Mining Camp • A VTEM airborne completed in February of 2010 has identified two separate NNE trending conductors both striking in excess of 3km • Mineralization is expected to contain zinc, lead, copper, silver with the +/- gold enrichment • This property has never been subjected to large-scale systematic exploration using modern techniques. A second state of the art airborne magnetic and electromagnetic survey consisting of Aeroquest’s AeroTEM III system completed in May of 2010 • This survey collected approximately 2,667 line kilometers of high- resolution data and provide complete coverage of the property • Extensive surface diamond drilling program initiated in May of 2010. • The Nelson Mining Camp is located along the Silver King Regional Shear zone which is host to numerous historical gold, silver and poly-metallic mines near Nelson, British Columbia • The Nelson Mining Camp also hosts the 100% owned Kenville Gold Mine which is located at the northern boundary of the Camp. TSXV: ASW www.anglo-swiss.com OTCBB: ASWRF FOR MORE INFORMATION ON ANY OF THESE COMPANIES, VISIT: www.resourceworld.com/investor/
    • TSXV: AVT M I N I N G I N C. High Grade Deposit Makes Avanti’s Kitsault Mine Development One of the “Top-5 Undeveloped Primary Molybdenum Assets – Worldwide” Discover the Avanti Advantage Today! Contact: Tom Corcoran, IR Manager Email: tcorcoran@avantimining.com Toll Free: 1 (877) 249-0640 www.avantimining.com FOR MORE INFORMATION ON ANY OF THESE COMPANIES, VISIT: www.resourceworld.com/investor/