Pretium Resources has discovered high-grade gold and silver deposits at its Brucejack and Snowfield projects in northern British Columbia. Assay results include samples grading up to 6,670 g/t gold and 3,630 g/t silver. Under the leadership of experienced mining executive Bob Quartermain, Pretium aims to develop an underground mine focused on high-grade zones. A preliminary economic assessment estimates initial production of 173,200 ounces of gold annually over 16 years. With over 40 million ounces of gold resources, Pretium has one of the largest undeveloped gold projects in North America and its shares have risen 48% since its initial public offering.
MAX Resources Corp. Drills Nevada's Historic Majuva HillResource Clips
MAX Resources Clrp. (TSX: MXR) President Stuart Rogers talks with ResourceClips about drill results from their Majuba Hil Copper-Silver-Gold Property.l
Rainy River Resources Ltd. Analyst Day - April 2013RainyRiver
The feasibility study summarizes the key parameters for the proposed Rainy River Gold Project, including:
- Open pit and underground reserves totaling 4.0 million ounces of gold.
- Average annual production of 326,000 ounces of gold and 494,000 ounces of silver over the first 10 years.
- Initial capital costs of C$713 million and cash costs of US$468 per ounce of gold over the first 10 years.
- A 16-year mine life utilizing both open pit and underground mining.
Torex Gold is developing the Morelos Gold Project in Mexico. The company has completed a feasibility study showing robust economics for an initial open pit mine with annual production of 375,000 ounces of gold on average. Exploration is ongoing to expand resources at the project, with a new discovery south of the river showing potential to provide additional mineralization. Torex has the management experience to execute project construction and overcome any risks through careful planning and risk mitigation.
Rainy River Resources Ltd. Corporate Presentation - April 2013RainyRiver
Rainy River Resources presented information on its Rainy River Gold Project including:
1) The project has 4 million ounces of reserves and an intermediate production profile with low cash costs.
2) A feasibility study showed strong economics including a 23.7% IRR and $931 million NPV.
3) The project has exploration upside and is in a mining-friendly jurisdiction in Ontario, Canada.
Rainy River Resources Ltd. Corporate Presentation - October 2012RainyRiver
The document discusses a preliminary economic assessment (PEA) conducted by Rainy River Resources Ltd. for its Rainy River gold project in Ontario, Canada. The PEA evaluated various development options and selected an initial 20,000 tonne per day open pit mine with potential for expansion. The selected option has the highest grade, lowest risk and costs, and could produce over 300,000 ounces of gold annually for the first 10 years of mine life. Compared to a previous PEA, the new assessment shows improved economics including higher head grades, lower costs, and increased net present value and internal rate of return.
QMX Gold Corporation owns the Snow Lake gold mine and Lac Herbin gold mine. A feasibility study for the Snow Lake mine outlined an after-tax IRR of 79% and payback period of 1.7 years producing an average of 83,000 ounces of gold per year over a 5 year mine life. QMX also announced a planned $45 million debt facility to finance the Snow Lake project with an interest rate of LIBOR + 5.5% before commercial production. Mineral reserves for Snow Lake are estimated at 451,900 ounces of gold and resources are estimated at 728,000 ounces measured and indicated and 336,700 ounces inferred.
QMX Gold Corporation owns mining properties in Manitoba and Quebec, Canada. Its flagship project is the Snow Lake gold mine in Manitoba, which has a feasibility study outlining average annual production of 83,000 ounces of gold over 5 years at cash costs of US$640/ounce. QMX also owns the producing Lac Herbin gold mine in Quebec with 2012 production guidance of 18,500-20,500 ounces at cash costs of $1,300-1,500 per ounce. QMX has additional exploration properties containing gold and VMS resources near its operating mines.
- QMX Gold Corporation owns the Snow Lake Mine gold production and exploration property located in Manitoba's Snow Lake mining district.
- A 2010 feasibility study outlined average annual gold production of 83,000 ounces over a 5-year mine life at cash costs of US$640/ounce.
- A recent internal review identified potential changes that could increase cash costs to US$825/ounce, including expanding the man-camp and operating equipment via leases rather than purchases.
MAX Resources Corp. Drills Nevada's Historic Majuva HillResource Clips
MAX Resources Clrp. (TSX: MXR) President Stuart Rogers talks with ResourceClips about drill results from their Majuba Hil Copper-Silver-Gold Property.l
Rainy River Resources Ltd. Analyst Day - April 2013RainyRiver
The feasibility study summarizes the key parameters for the proposed Rainy River Gold Project, including:
- Open pit and underground reserves totaling 4.0 million ounces of gold.
- Average annual production of 326,000 ounces of gold and 494,000 ounces of silver over the first 10 years.
- Initial capital costs of C$713 million and cash costs of US$468 per ounce of gold over the first 10 years.
- A 16-year mine life utilizing both open pit and underground mining.
Torex Gold is developing the Morelos Gold Project in Mexico. The company has completed a feasibility study showing robust economics for an initial open pit mine with annual production of 375,000 ounces of gold on average. Exploration is ongoing to expand resources at the project, with a new discovery south of the river showing potential to provide additional mineralization. Torex has the management experience to execute project construction and overcome any risks through careful planning and risk mitigation.
Rainy River Resources Ltd. Corporate Presentation - April 2013RainyRiver
Rainy River Resources presented information on its Rainy River Gold Project including:
1) The project has 4 million ounces of reserves and an intermediate production profile with low cash costs.
2) A feasibility study showed strong economics including a 23.7% IRR and $931 million NPV.
3) The project has exploration upside and is in a mining-friendly jurisdiction in Ontario, Canada.
Rainy River Resources Ltd. Corporate Presentation - October 2012RainyRiver
The document discusses a preliminary economic assessment (PEA) conducted by Rainy River Resources Ltd. for its Rainy River gold project in Ontario, Canada. The PEA evaluated various development options and selected an initial 20,000 tonne per day open pit mine with potential for expansion. The selected option has the highest grade, lowest risk and costs, and could produce over 300,000 ounces of gold annually for the first 10 years of mine life. Compared to a previous PEA, the new assessment shows improved economics including higher head grades, lower costs, and increased net present value and internal rate of return.
QMX Gold Corporation owns the Snow Lake gold mine and Lac Herbin gold mine. A feasibility study for the Snow Lake mine outlined an after-tax IRR of 79% and payback period of 1.7 years producing an average of 83,000 ounces of gold per year over a 5 year mine life. QMX also announced a planned $45 million debt facility to finance the Snow Lake project with an interest rate of LIBOR + 5.5% before commercial production. Mineral reserves for Snow Lake are estimated at 451,900 ounces of gold and resources are estimated at 728,000 ounces measured and indicated and 336,700 ounces inferred.
QMX Gold Corporation owns mining properties in Manitoba and Quebec, Canada. Its flagship project is the Snow Lake gold mine in Manitoba, which has a feasibility study outlining average annual production of 83,000 ounces of gold over 5 years at cash costs of US$640/ounce. QMX also owns the producing Lac Herbin gold mine in Quebec with 2012 production guidance of 18,500-20,500 ounces at cash costs of $1,300-1,500 per ounce. QMX has additional exploration properties containing gold and VMS resources near its operating mines.
- QMX Gold Corporation owns the Snow Lake Mine gold production and exploration property located in Manitoba's Snow Lake mining district.
- A 2010 feasibility study outlined average annual gold production of 83,000 ounces over a 5-year mine life at cash costs of US$640/ounce.
- A recent internal review identified potential changes that could increase cash costs to US$825/ounce, including expanding the man-camp and operating equipment via leases rather than purchases.
QMX Gold Corporation owns mining properties in Manitoba and Quebec, Canada. Its flagship project is the Snow Lake gold mine in Manitoba, which has 451,900 ounces of proven and probable reserves. QMX also owns the producing Lac Herbin gold mine in Quebec, with 30,200 ounces of proven and probable reserves. The company aims to ramp up production at both mines while continuing exploration to expand resources. Recent changes to assumptions for the Snow Lake mine feasibility study could increase cash costs to $825 per ounce.
QMX Gold Corporation owns the Snow Lake Mine and Lac Herbin Mine gold properties in Manitoba and Quebec, Canada. A 2010 feasibility study outlined plans to restart production at Snow Lake Mine based on proven and probable reserves of 451,900 ounces of gold over a 5-year mine life. A recent internal review identified potential changes to the feasibility study assumptions that could increase cash costs to US$825 per ounce from the original estimate of US$640 per ounce.
QMX Gold Corporation provides a summary of its operations in Manitoba and Quebec, Canada. The company owns the Snow Lake Mine in Manitoba which recently had a feasibility study completed showing potential production of 83,000 ounces of gold per year over a 5 year mine life. QMX also owns the Lac Herbin gold mine in Quebec which produced over 10,000 ounces in 2011 and is forecast to produce between 18,500-20,500 ounces in 2012. The company is also exploring additional projects near its existing mines to expand resources. QMX recently secured a $17.5 million bridge financing to fund its operations.
QMX Gold Corporation is a gold mining company with projects in Manitoba and Quebec, Canada. It operates the Snow Lake Mine in Manitoba and the Lac Herbin Mine in Quebec. The company is seeking financing to fund operations and projects. It recently received a $10 million bridge loan and is working on longer term financing for its Snow Lake Project. QMX aims to increase production at both mines through exploration and turnaround plans.
QMX Gold Corporation is a gold mining company with operations in Manitoba and Quebec, Canada. It owns the producing Lac Herbin gold mine in Val-d'Or, Quebec and the past producing Snow Lake gold mine in Manitoba. The presentation provides details on QMX's properties and projects, including feasibility studies, reserves and resources, exploration plans, and production profiles. It also outlines QMX's recent and upcoming financing plans.
The document discusses QMX Gold Corporation's Snow Lake Mine in Manitoba, Canada. The Snow Lake Mine was previously operated from 1995-2005, producing over 800,000 ounces of gold. A 2010 feasibility study outlined plans to restart mining operations with average annual production of 83,000 ounces of gold over a 5 year mine life. The study estimated pre-production capital costs of $39.7 million, average cash costs of $640 per ounce, and an after-tax internal rate of return of over 30%. Resources at the mine include proven and probable reserves of 451,900 ounces of gold along with measured, indicated, and inferred resources totaling over 1.1 million ounces.
The document summarizes plans to build Quebec's first diamond mine at the Renard Project. Stornoway Diamond Corporation owns 100% of the Renard Project, which will be Quebec's first diamond mine. Construction is underway with first production expected in the second half of 2016. The mine plan is based on a mineral reserve of 17.9 million carats and an 11-year mine life, but exploration potential indicates the resource could support a much longer mine life.
QMX Gold Corporation operates gold mines in Manitoba and Quebec, Canada. It is focused on growing production at its Snow Lake Mine in Manitoba to over 80,000 ounces annually by restarting mining operations and through exploration. QMX is also working to increase production at its Lac Herbin Mine in Quebec to between 18,500 to 20,500 ounces in 2012. The company recently secured a $10 million bridge loan to fund working capital and retire debt as it works to finalize longer term financing.
IMPACT Silver Corp is a profitable silver mining company with three producing mines in Mexico. With mining operations having been profitable since the first day of production in 2006, IMPACT has distinguished itself as a consistently low-cost and profitable precious metals producer led by a highly respected team of professionals.
IMPACT is positioned for growth with two new mines being constructed in 2012: the open-pit Capire Mine and the underground Oscar Mine. The commencement of production at these two new mines will represent the next phase of growth for the Company and aim to establish IMPACT as a multimillion ounce silver producer.
Rainy River Resources Ltd. Corporate Presentation - March 2013 PDACRainyRiver
The document discusses Rainy River Resources' Rainy River Gold Project located in northwest Ontario, Canada. It describes the project as high quality with low risk and district potential. Key points include projected "all-in" cash costs of $773 per ounce for the first 10 years of production and a management team with proven experience financing and building mines. The project is located near existing infrastructure in a mining-friendly jurisdiction.
QMX Gold Corporation owns the Snow Lake gold mine in Manitoba, Canada. A 2010 feasibility study outlined a 5-year mine plan to produce 83,000 ounces of gold per year at a cash cost of $640/ounce with total proven and probable reserves of 451,900 ounces. The mine was previously operated until 2005 and all necessary infrastructure is in place. Exploration is also underway at other properties in Manitoba and Quebec that have the potential to contain gold and volcanic massive sulfide deposits.
November 2017 North Arrow Minerals Corporate Updatenarminerals
North Arrow Minerals is Canada's most active diamond explorer. The document provides an overview of North Arrow's projects and corporate details. Key points include:
- North Arrow has six drill-ready diamond projects in Canada, including its flagship Naujaat Project that has an inferred resource of 26 million carats.
- In 2017, North Arrow discovered kimberlite at its Mel Project, indicating the potential for a new diamond district.
- Drilling is planned in 2018 at Naujaat and Mel to improve resource definition and assess diamond potential. Results from a 2017 mini-bulk sample at Naujaat are also pending.
This document discusses Alexis Minerals Corporation's strategy to grow a balanced gold mining company. It provides details on Alexis' three main mining assets - the Snow Lake Mine in Manitoba, and the Lac Herbin and Lac Pelletier mines in Quebec. It outlines plans to restart and expand production at Snow Lake to over 80,000 ounces annually by focusing on reserves in the Main Mine and No. 3 Zone. Production is also expected to ramp up at Lac Herbin to 18,500-20,500 ounces in 2012. Exploration drilling aims to grow resources around all three mines.
Argentex has assembled an impressive land portfolio in Argentina's Santa Cruz and Rio Negro provinces. In total, the company holds 100% mineral rights to more than 35 properties with over 307,981 acres (124,636 hectares) of land. Argentex's properties are located within two prominent geographical features, the Deseado and Somuncura Massifs, both of which have proven to host significant epithermal precious metal deposits. The large epithermal vein swarm at Pinguino contains Argentex's discovery of indium-enriched vein-hosted base metal mineralization, which represented a new deposit type for the region, as well as low sulphidation precious metal vein mineralization. The combination of these two types of mineralization within the same property is unique for the province of Santa Cruz and a significant milestone for the company.
Cangold is advancing the Ixhuatan gold project in Mexico toward prefeasibility. The project has an existing resource of 1.7 million ounces of gold. Cangold has the same management team as Great Panther Silver and aims to develop Ixhuatan, taking advantage of the management's experience operating in Mexico. Metallurgical testing is underway as part of an internal scoping study, with the goal of an environmentally-friendly processing method without cyanide. Cangold also holds early-stage gold projects elsewhere in Mexico.
Sabina Gold & Silver Corp. (TSX: SBB) is a Canadian precious metals company. The company's assets in Nunavut include the Back River Gold Project which has a positive Preliminary Economic Assessment completed on it.
Spanish Mountain Gold is advancing its namesake project toward prefeasibility. Assay results show encouraging intercepts of gold mineralization at the project's Main Zone. The company president notes the project could support a nice operation, and estimates over 2.8 million recoverable ounces of gold at current prices, up from a prior estimate. Spanish Mountain is also exploring additional targets on its property and early stage projects elsewhere in the region. It aims to have a full feasibility study completed by the end of 2012.
The document summarizes an article about Trade Winds Ventures and its Block A gold project in Ontario, located near Detour Gold's Detour Lake mine. Trade Winds owns 50% of Block A through a joint venture with Detour Gold. Block A currently contains over 2 million ounces of gold measured and indicated resources and over 750,000 ounces inferred. Trade Winds plans to continue drilling to expand resources and determine if Block A can be developed as a standalone mine or if the ore can be processed at an expanded Detour Lake mill. A preliminary economic assessment is expected by the end of 2011 to evaluate these options.
Sulliden Gold Corporation's Shahuindo gold and silver project in Peru remains on track despite concerns about the country's new president. Recent drilling continues to expand the resource, which was recently updated to 1.97 million ounces of gold and 27.98 million ounces of silver indicated, with inferred resources of 1.44 million ounces gold and 38.58 million ounces silver. Sulliden's VP believes the project, located near mines owned by Barrick and Newmont, "is a mine" and will be "a good, low-cost, heap-leach gold project." He expects construction to begin in 2012 and for the mine to ultimately produce 4-6 million ounces of oxide gold.
Rye Patch Gold is working to expand its gold resource at its Wilco Project in Nevada to over 8 million ounces to attract potential buyouts from large miners. Recent drilling has returned high grade intercepts including 2.25 g/t gold over 6.1 metres. The company's goal is to prove up over 5 million ounces of gold to enter discussions with suitors like Newmont Mining, which recently acquired Fronteer Gold for $2.3 billion or $400 per ounce. Rye Patch Gold currently has a market capitalization of $46 million with plans to update its Wilco resource estimate in early 2012.
Woulfe Mining is developing the Sangdong tungsten project and Muguk gold project in South Korea. The company sees tungsten as benefiting from increasing demand and limited supply from China. Woulfe has accelerated development at Sangdong, with construction starting before a feasibility study is completed and production targeted for late 2012. At Muguk, a past producer, Woulfe expects to outline resources and could begin underground work within a year to take advantage of higher gold prices. By developing projects in tungsten and gold, Woulfe has commodities that could perform well in different market conditions.
Fortune Minerals Ltd. - A Complicated CompanyResource Clips
Fortune Minerals Ltd. (TSX: FT) is a diversified resource company with several mineral deposits and a number of exploration projects. All projects are located in Canada. ResourceClips.com highlights the company's developments regarding their gold and coal projects.
QMX Gold Corporation owns mining properties in Manitoba and Quebec, Canada. Its flagship project is the Snow Lake gold mine in Manitoba, which has 451,900 ounces of proven and probable reserves. QMX also owns the producing Lac Herbin gold mine in Quebec, with 30,200 ounces of proven and probable reserves. The company aims to ramp up production at both mines while continuing exploration to expand resources. Recent changes to assumptions for the Snow Lake mine feasibility study could increase cash costs to $825 per ounce.
QMX Gold Corporation owns the Snow Lake Mine and Lac Herbin Mine gold properties in Manitoba and Quebec, Canada. A 2010 feasibility study outlined plans to restart production at Snow Lake Mine based on proven and probable reserves of 451,900 ounces of gold over a 5-year mine life. A recent internal review identified potential changes to the feasibility study assumptions that could increase cash costs to US$825 per ounce from the original estimate of US$640 per ounce.
QMX Gold Corporation provides a summary of its operations in Manitoba and Quebec, Canada. The company owns the Snow Lake Mine in Manitoba which recently had a feasibility study completed showing potential production of 83,000 ounces of gold per year over a 5 year mine life. QMX also owns the Lac Herbin gold mine in Quebec which produced over 10,000 ounces in 2011 and is forecast to produce between 18,500-20,500 ounces in 2012. The company is also exploring additional projects near its existing mines to expand resources. QMX recently secured a $17.5 million bridge financing to fund its operations.
QMX Gold Corporation is a gold mining company with projects in Manitoba and Quebec, Canada. It operates the Snow Lake Mine in Manitoba and the Lac Herbin Mine in Quebec. The company is seeking financing to fund operations and projects. It recently received a $10 million bridge loan and is working on longer term financing for its Snow Lake Project. QMX aims to increase production at both mines through exploration and turnaround plans.
QMX Gold Corporation is a gold mining company with operations in Manitoba and Quebec, Canada. It owns the producing Lac Herbin gold mine in Val-d'Or, Quebec and the past producing Snow Lake gold mine in Manitoba. The presentation provides details on QMX's properties and projects, including feasibility studies, reserves and resources, exploration plans, and production profiles. It also outlines QMX's recent and upcoming financing plans.
The document discusses QMX Gold Corporation's Snow Lake Mine in Manitoba, Canada. The Snow Lake Mine was previously operated from 1995-2005, producing over 800,000 ounces of gold. A 2010 feasibility study outlined plans to restart mining operations with average annual production of 83,000 ounces of gold over a 5 year mine life. The study estimated pre-production capital costs of $39.7 million, average cash costs of $640 per ounce, and an after-tax internal rate of return of over 30%. Resources at the mine include proven and probable reserves of 451,900 ounces of gold along with measured, indicated, and inferred resources totaling over 1.1 million ounces.
The document summarizes plans to build Quebec's first diamond mine at the Renard Project. Stornoway Diamond Corporation owns 100% of the Renard Project, which will be Quebec's first diamond mine. Construction is underway with first production expected in the second half of 2016. The mine plan is based on a mineral reserve of 17.9 million carats and an 11-year mine life, but exploration potential indicates the resource could support a much longer mine life.
QMX Gold Corporation operates gold mines in Manitoba and Quebec, Canada. It is focused on growing production at its Snow Lake Mine in Manitoba to over 80,000 ounces annually by restarting mining operations and through exploration. QMX is also working to increase production at its Lac Herbin Mine in Quebec to between 18,500 to 20,500 ounces in 2012. The company recently secured a $10 million bridge loan to fund working capital and retire debt as it works to finalize longer term financing.
IMPACT Silver Corp is a profitable silver mining company with three producing mines in Mexico. With mining operations having been profitable since the first day of production in 2006, IMPACT has distinguished itself as a consistently low-cost and profitable precious metals producer led by a highly respected team of professionals.
IMPACT is positioned for growth with two new mines being constructed in 2012: the open-pit Capire Mine and the underground Oscar Mine. The commencement of production at these two new mines will represent the next phase of growth for the Company and aim to establish IMPACT as a multimillion ounce silver producer.
Rainy River Resources Ltd. Corporate Presentation - March 2013 PDACRainyRiver
The document discusses Rainy River Resources' Rainy River Gold Project located in northwest Ontario, Canada. It describes the project as high quality with low risk and district potential. Key points include projected "all-in" cash costs of $773 per ounce for the first 10 years of production and a management team with proven experience financing and building mines. The project is located near existing infrastructure in a mining-friendly jurisdiction.
QMX Gold Corporation owns the Snow Lake gold mine in Manitoba, Canada. A 2010 feasibility study outlined a 5-year mine plan to produce 83,000 ounces of gold per year at a cash cost of $640/ounce with total proven and probable reserves of 451,900 ounces. The mine was previously operated until 2005 and all necessary infrastructure is in place. Exploration is also underway at other properties in Manitoba and Quebec that have the potential to contain gold and volcanic massive sulfide deposits.
November 2017 North Arrow Minerals Corporate Updatenarminerals
North Arrow Minerals is Canada's most active diamond explorer. The document provides an overview of North Arrow's projects and corporate details. Key points include:
- North Arrow has six drill-ready diamond projects in Canada, including its flagship Naujaat Project that has an inferred resource of 26 million carats.
- In 2017, North Arrow discovered kimberlite at its Mel Project, indicating the potential for a new diamond district.
- Drilling is planned in 2018 at Naujaat and Mel to improve resource definition and assess diamond potential. Results from a 2017 mini-bulk sample at Naujaat are also pending.
This document discusses Alexis Minerals Corporation's strategy to grow a balanced gold mining company. It provides details on Alexis' three main mining assets - the Snow Lake Mine in Manitoba, and the Lac Herbin and Lac Pelletier mines in Quebec. It outlines plans to restart and expand production at Snow Lake to over 80,000 ounces annually by focusing on reserves in the Main Mine and No. 3 Zone. Production is also expected to ramp up at Lac Herbin to 18,500-20,500 ounces in 2012. Exploration drilling aims to grow resources around all three mines.
Argentex has assembled an impressive land portfolio in Argentina's Santa Cruz and Rio Negro provinces. In total, the company holds 100% mineral rights to more than 35 properties with over 307,981 acres (124,636 hectares) of land. Argentex's properties are located within two prominent geographical features, the Deseado and Somuncura Massifs, both of which have proven to host significant epithermal precious metal deposits. The large epithermal vein swarm at Pinguino contains Argentex's discovery of indium-enriched vein-hosted base metal mineralization, which represented a new deposit type for the region, as well as low sulphidation precious metal vein mineralization. The combination of these two types of mineralization within the same property is unique for the province of Santa Cruz and a significant milestone for the company.
Cangold is advancing the Ixhuatan gold project in Mexico toward prefeasibility. The project has an existing resource of 1.7 million ounces of gold. Cangold has the same management team as Great Panther Silver and aims to develop Ixhuatan, taking advantage of the management's experience operating in Mexico. Metallurgical testing is underway as part of an internal scoping study, with the goal of an environmentally-friendly processing method without cyanide. Cangold also holds early-stage gold projects elsewhere in Mexico.
Sabina Gold & Silver Corp. (TSX: SBB) is a Canadian precious metals company. The company's assets in Nunavut include the Back River Gold Project which has a positive Preliminary Economic Assessment completed on it.
Spanish Mountain Gold is advancing its namesake project toward prefeasibility. Assay results show encouraging intercepts of gold mineralization at the project's Main Zone. The company president notes the project could support a nice operation, and estimates over 2.8 million recoverable ounces of gold at current prices, up from a prior estimate. Spanish Mountain is also exploring additional targets on its property and early stage projects elsewhere in the region. It aims to have a full feasibility study completed by the end of 2012.
The document summarizes an article about Trade Winds Ventures and its Block A gold project in Ontario, located near Detour Gold's Detour Lake mine. Trade Winds owns 50% of Block A through a joint venture with Detour Gold. Block A currently contains over 2 million ounces of gold measured and indicated resources and over 750,000 ounces inferred. Trade Winds plans to continue drilling to expand resources and determine if Block A can be developed as a standalone mine or if the ore can be processed at an expanded Detour Lake mill. A preliminary economic assessment is expected by the end of 2011 to evaluate these options.
Sulliden Gold Corporation's Shahuindo gold and silver project in Peru remains on track despite concerns about the country's new president. Recent drilling continues to expand the resource, which was recently updated to 1.97 million ounces of gold and 27.98 million ounces of silver indicated, with inferred resources of 1.44 million ounces gold and 38.58 million ounces silver. Sulliden's VP believes the project, located near mines owned by Barrick and Newmont, "is a mine" and will be "a good, low-cost, heap-leach gold project." He expects construction to begin in 2012 and for the mine to ultimately produce 4-6 million ounces of oxide gold.
Rye Patch Gold is working to expand its gold resource at its Wilco Project in Nevada to over 8 million ounces to attract potential buyouts from large miners. Recent drilling has returned high grade intercepts including 2.25 g/t gold over 6.1 metres. The company's goal is to prove up over 5 million ounces of gold to enter discussions with suitors like Newmont Mining, which recently acquired Fronteer Gold for $2.3 billion or $400 per ounce. Rye Patch Gold currently has a market capitalization of $46 million with plans to update its Wilco resource estimate in early 2012.
Woulfe Mining is developing the Sangdong tungsten project and Muguk gold project in South Korea. The company sees tungsten as benefiting from increasing demand and limited supply from China. Woulfe has accelerated development at Sangdong, with construction starting before a feasibility study is completed and production targeted for late 2012. At Muguk, a past producer, Woulfe expects to outline resources and could begin underground work within a year to take advantage of higher gold prices. By developing projects in tungsten and gold, Woulfe has commodities that could perform well in different market conditions.
Fortune Minerals Ltd. - A Complicated CompanyResource Clips
Fortune Minerals Ltd. (TSX: FT) is a diversified resource company with several mineral deposits and a number of exploration projects. All projects are located in Canada. ResourceClips.com highlights the company's developments regarding their gold and coal projects.
Kootenay Gold has leveraged its project generation expertise to acquire a portfolio of over a dozen gold and silver exploration projects, primarily in British Columbia and Mexico. These projects have been optioned to other companies to fund exploration and reduce risk, while also generating shares and cash for Kootenay. Their flagship property is the Promontorio Silver Project in Mexico, which has an indicated resource of 5.22 million tonnes averaging 52.7 g/t silver and inferred resources of 0.65 million tonnes averaging 55.7 g/t silver. As Promontorio advances towards prefeasibility and expands its resource, Kootenay aims to become a more attractive takeover target for its scarce high-quality
Northern Freegold (TSXv: NFR) - The Proof's In The PorphyryResource Clips
Northern Freegold recently reported an initial inferred resource estimate for its Revenue Deposit in central Yukon, adding 3.66 million gold-equivalent ounces to its existing resources. President John Burges notes the company's rapid ability to scale up resources at an incredibly low finding cost due to the deposit being located within a large porphyry system. Northern Freegold plans further drilling to expand known zones and explore targets in 2022.
- The document discusses a joint venture between Bowmore Exploration and Threegold Resources regarding their Standard Gold-Duverny Project in Quebec. Phase I drilling results showed mineralization over 3.6 kilometers, indicating a potential large, bulk-tonnage deposit. Assays returned values up to 19.05 g/t gold over 1 meter.
- Bowmore can earn up to 70% of the project by spending $4 million over five years and Threegold retains 100% ownership of their adjacent South Bay Gold Project which also had positive drilling results last year.
- Both companies see significant potential at their projects and have additional properties and exploration plans outlined. Osisko Mining is a major shareholder of Bow
PC Gold's (TSX: PKL) Pickle Crow Mine Will Produce Again in 2016Resource Clips
PC Gold (TSX: PKL) aims to have its Pickle Crow gold property producing by 2016. President JP Chauvin talks with ResourceClips about their gold project northwest of Thunder Bay, Ontario.
ResourceClips Feature: Seabridge Gold Inc. (TSX: SEA) CEO Interview (October...Resource Clips
- Seabridge Gold's KSM project in British Columbia contains 38.5 million ounces of gold reserves and is the largest undeveloped gold-copper project in the world, yet its market valuation of $1 billion translates to only $26 per ounce of gold.
- Drilling results at the Sulphurets deposit within the KSM project indicate potential to upgrade 3 million ounces of inferred resources to reserves.
- Seabridge Gold's president believes the company will likely partner with a major mining firm on the KSM project within the next year or two, which could lead to a "significant re-rating" of the company's share price.
US Gold is rapidly advancing its El Gallo silver-gold mine in Mexico with the goal of starting production in early 2014. Drilling is ongoing to expand resources and convert inferred resources to indicated categories. A feasibility study is scheduled for Q1 2012. Additionally, US Gold plans to merge with Minera Andes to combine El Gallo's exploration potential with Minera's cash flow from its San Jose silver-gold mine in Argentina. The new company, McEwen Mining, would benefit from revenue to fund development at El Gallo while providing shareholders upside from exploration success.
The Golden East: Olympus Pacific Minerals Inc. (TSX: OYM) Expands to SouthEa...Resource Clips
Olympus Pacific Minerals Inc operates gold mines in Vietnam and is advancing another project in Southeast Asia. It obtained its first Vietnamese property from Robert Friedland in 1996 and has since established two gold processing plants there. The company holds projects in Malaysia and the Philippines as well. Its Bau Gold Field project in Malaysia currently shows over 2 million ounces of gold resources and may become its most significant asset. Olympus aims to increase its annual gold production to 100,000 ounces by 2013 through expansion of its Vietnamese operations and development of the Bau project.
Standard Graphite (TSXv: SGH) Explores Quebec and Ontario PropertiesResource Clips
Standard Graphite has acquired the Mousseau East graphite property in Quebec, expanding its portfolio of graphite projects across Quebec and Ontario. The Mousseau East property is considered a development asset with historic estimates of high-grade graphite. Standard Graphite aims to advance projects from exploration to production with an experienced management team having expertise in graphite exploration, project development, marketing and operations. The company also recently completed airborne surveys over its properties to identify targets for future exploration and drilling.
Magellan Minerals owns two advanced gold projects, Cuiú Cuiú and Coringa, in Brazil's prolific Tapajos region. Cuiú Cuiú currently has over 1 million ounces of inferred gold resources and Magellan is continuing exploration to expand known deposits and discover new ones. Coringa has a scoping study completed showing positive economics and the company aims to update resources and complete a feasibility study by end of 2012. The Tapajos region has historically produced over 20 million ounces of placer gold and Magellan's projects may be a source of this gold production. Magellan's President believes the company is well positioned to further develop these projects or form a partnership.
Canada Lithium Corp. (TSX: CLQ) Will Be Canada's Sole Producer By 2013Resource Clips
Canada Lithium Corp is on track to become Canada's sole producer of lithium by 2013. The company's Quebec Lithium project experienced setbacks in 2010-2011 when reviews reduced its measured resources. However, feasibility studies confirmed key project metrics and financing of $75 million was secured in late 2011. The project remains on schedule with construction 20% complete and production of 20,000 tonnes of lithium carbonate annually expected to begin by October 2013.
Strike Graphite (TSXv: SRK) Picks Up Graphite Projects in Saskatchewan and Qu...Resource Clips
Strike Graphite's new focus is on the newly acquired Saskatchewan graphite properties (Simon Lake and Deep BayEast). ResourceClips and Damien Lowry discuss the projects in the February 15, 2012 feature.
Otis Gold (TSXv: OOO) Plans a New, January Kilgore Gold EstimateResource Clips
Otis Gold is planning to release an updated resource estimate for its Kilgore gold project in January 2012, after missing previous estimates in July and September 2011. The project currently has indicated resources of 218,000 ounces of gold and inferred resources of 269,000 ounces. Drilling continues to show continuity and growth of the deposit, which remains open in all directions. Otis plans a 10,000 meter drilling campaign in 2012 and hopes to begin permitting and environmental studies. The project is located in mining-friendly Idaho near existing infrastructure and has shown excellent metallurgy and potential for open-pit mining.
Focus Metals plans to begin production of high-purity flake graphite from its Lac Knife project in Quebec by the end of 2013. The project has measured, indicated, and inferred resources totaling over 10 million tonnes of graphite grading over 15% carbon. Focus also holds a 40% stake in graphene producer Grafoid, and sees potential applications of graphene in areas like construction materials, medicine, and recycled plastics. The company's low projected production costs and offtake agreements mean it can begin production without a full feasibility study.
Energizer Resources (TSX: EGZ) Fast-tracks Vanadium and Graphite in MadagascarResource Clips
ResourceClips talks with Energizer Resources VP of Business Development regarding the company's exploration of vanadium and graphite. Feature article on February 29, 2012.
Feature by ResourceClips on Zimtu Capital Corp. (TSXv: ZC). The company has completed a number of transactions surrounding the exploration and development of graphite properties.
- The document summarizes an interview with market analyst Martin Grandich about his views on the gold market, inflation rates, the strength of the US dollar, and prospects for gold mining stocks.
- Grandich believes technical selling exacerbated by year-end trading contributed to gold's recent decline, but that physical market demand remained strong.
- He sees gold support at $1,530/ounce and silver at $26/ounce in the short term, but acknowledges they could be tested lower briefly.
- Grandich also comments on inflation rates, the US dollar as a safe haven, prospects for European debt crisis, and why gold mining stocks remain undervalued.
Trial mining at Apogee Silver's underground Pulacayo Silver-Lead-Zinc Project in Bolivia began in October 2011. That same month, a resource update revealed an additional 133% silver ounces indicated...
This document summarizes information about the graphite market and future demand drivers. It notes that while graphite is currently used in applications like steel production, its use is expected to grow substantially in batteries for electric vehicles and clean energy technologies. Future demand is estimated to increase graphite production from the current 1.1 million tonnes annually to over 2 million tonnes by 2020. China currently dominates production but Canada has potential to expand output from its resources. Junior exploration companies are actively exploring graphite deposits to help meet rising demand.
ResourceClips provides up-to-date articles about junior mining companies in the news to investors, as well as critical investor information, with the goal of keeping readers informed about essential developments in the Canadian junior mining sector. The website is run by Andrea Butterworth as publisher and Kevin Michael Grace as editor, and can be contacted via email or phone for publishing or sales inquiries.
Avion Mines is a gold mining company with operations in Mali and Burkina Faso, West Africa. It is currently mining gold at its Tabakoto and Segala mines in Mali and drilling at its Kofi Property and Houndé Project. Avion plans to more than double its annual gold production to 200,000 ounces by 2013 by expanding mining operations and commissioning a new larger mill. Exploration success has increased resources with potential to add another 2 million ounces within 250 meters. However, the company's stock dropped after lower than expected 3Q earnings due to higher costs and lower grades mined.
Apogee Silver is nearing silver production at its Pulacayo Silver-Lead-Zinc Project in Bolivia. An October resource update showed a 133% increase in indicated silver ounces and 38% increase in inferred ounces compared to June 2010. Trial mining began in October and CEO Neil Ringdahl plans to focus on training local community members as miners. Ringdahl is also optimistic about the Cachinal Project in Chile and Apogee's long-term potential to produce silver at its Bolivian projects, noting encouraging comments from Bolivia's President Evo Morales about supporting mining development.
Silver Pursuit Resources Ltd is exploring the historic La Quintera silver project near Alamos, Mexico which has seen intermittent mining since 1683. Surface sampling of waste rock at the site showed high silver and gold grades, with some samples grading over 300 g/t silver. Silver Pursuit plans a drill campaign and resource estimate on the waste dumps and tailings to help fund further exploration, as milling a small amount of this high-grade material each day could finance additional work. The company's president believes initial drill results will increase the share price from its current $0.14 level.
Taseko Mines' Federal Review Could Take A YearResource Clips
The Canadian Environmental Assessment Agency has launched another review of Taseko Mines' proposed New Prosperity gold-copper mine in BC that could take up to a year. The mine was previously rejected due to concerns about its impact on Fish Lake, considered sacred by the Tsilhqot'in First Nation, but Taseko has since revised plans to move the mine's tailings pond further upstream. Supporters say the mine would generate significant economic benefits but opponents argue it still threatens the environment and First Nation culture and could spark widespread opposition among indigenous and environmental groups across Canada.
ResourceClips: Taseko Mines Ltd.'s (TSX: TKO) BC Mine Hangs in the Balance (...Resource Clips
The document summarizes issues around Taseko Mines' proposed New Prosperity gold-copper mine in British Columbia. It would be an large mine providing significant economic benefits but faces opposition from some First Nations groups. It was previously rejected due to environmental concerns but Taseko has revised the plan at a higher cost. However, the Tsilhqot'in National Government remains opposed, leaving the $1.1 billion proposal in limbo.
Fortune Minerals Ltd. (TSX: FT) Seeks Partner as it Moves to ProductionResource Clips
Fortune Minerals is advancing two projects towards production within 12 months of each other in 2014. The company's NICO project in the Northwest Territories will produce gold, cobalt, bismuth and copper, while its Mount Klappan coal project in British Columbia will produce anthracite coal. Fortune intends to recruit partners to finance the projects with minimal equity dilution. Both projects have been tested through mining and feasibility studies, putting them close to production.
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Value-Packed
Pretium Hits Bonanza Grades in BC
~By Ted Niles - August 24 2011
Gold and silver equities continue to disappoint, but Pretium Resources and its Bruce- ounce. Capital costs would be $281 million.
jack and Snowfield gold-silver projects are a conspicuous exception. Pretium—or
Pretivm as the company prefers it to be spelled, the better to evoke the word’s Latin The importance of the high-grade aspect of the project cannot be overemphasized, as
meaning of ‘value’—made its initial public offering of $6 per share in December 2010. it offsets the drawbacks of Brucejack’s location. As Louis James told the Gold Report,
Eight months later, shares have risen 48%. On August 12, Casey Research’s Louis “I had been aware of Snowfield/Brucejack when it was still in Silver Standard. We never
James lauded Pretium as “a clear value proposition.” On July 18, analyst Brian Quast bought because we just weren’t sure a mine would ever actually get built in this remote
announced that CIBC World Markets had initiated coverage of the company, com- part of the world, especially with the low grades. But when you have really high grades,
menting, “Pretium represents one of the best call options in the gold developer space.” you can build a mine anyplace. Places like Eskay Creek were once very remote, but
And while Face the Analyst’s Jay Taylor can’t actually be seen swooning during his average grade was over an ounce per ton. That’s what it took to operate in that area.
July interview with Bob Quartermain, it should be noted that the camera isn’t always Grade solves a lot of problems, and Brucejack certainly has that potential.”
on him.
Pretium is undertaking a 70,000-metre drill program, consisting roughly 80% to 90% of
infill drilling, which Quartermain expects to be finished no later than October. He says,
“Once all that drilling is completed, we will then go through it and do a new resource
calculation; both a high-grade resource calculation of the Brucejack area, as well as
a resource on the bulk-tonnage, one-gram material surrounding the high grade. With
those two resources, which we hope to have 4Q 2010 or 1Q 2011, we would go back
and update the preliminary economic study on Brucejack.”
August 22 assays from Brucejack’s Valley of the Kings zone include 2,810 grams per
tonne gold and 1,030 g/t silver over 0.5 metres and 1,094 g/t gold and 263.5 g/t silver
over 2 metres. August 11 assays include 6,670 g/t gold and 3,630 g/t silver over 0.5
metres, 1,640 g/t gold and 423 g/t silver over 0.5 metres and 1,200 g/t gold and 686
How to explain Pretium’s highly auspicious rollout? Louis James gives us the first g/t silver over 0.5 metres. July 27 assays included 4,060 g/t gold and 1,660 g/t silver
reason: Pretium has “the right people in place.” The most important being Bob over 0.5 metres and 1,070 g/t gold and 255 g/t silver over 0.5 metres. June 8 results
Quartermain, Pretium’s President and CEO. Quartermain earned his reputation with included one interval of a whopping 18,755 g/t gold and 9,312 g/t silver over 0.6
Silver Standard Resources—a company which, when he joined as President in 1985, metres. Quartermain remarks, “We’re very encouraged by the results. We continue to
had a market cap of $1.5 million; this exceeded $2 billion when he retired in 2010. have high-grade, visible-gold hits in the Valley of the Kings. They are showing that we
Most notable of his accomplishments at Silver Standard was the development of the are getting some continuity of this high-grade mineralization, which will certainly help
Pirquitas Mine in Argentina. Pirquitas started commercial silver and tin production in in supporting a high-grade underground operation at Brucejack.”
December 2009 and ranks among the largest silver mines worldwide. Notice, too, that
Quartermain’s current management team at Pretium includes many of Quartermain’s Regarding production, Quartermain admits that Snowfield would require “a much
Silver Standard colleagues. bigger partner.” But as for Brucejack, “With the management team that has come over
in part from Silver Standard—and with the work we did at Silver Standard previously in
The second reason, as you might have guessed, is the resource. Pretium acquired building the Pirquitas mine—the construction and building of the high-grade opportu-
the Brucejack and Snowfield projects—both located 65 kilometres north of Stewart, nity at Brucejack is certainly something that we have the capacity to do.”
BC—from Silver Standard with the proceeds of its December IPO, and the properties’
already impressive resources were updated by Pretium in February 2011. At a 0.3 g/t “If someone were to approach us about the opportunity of partnering up in the
cut-off, Brucejack contains 8.18 million ounces gold and 116.2 million ounces silver high-grade, we’d certainly look at that,” Quartermain says. “We’ll see how the project
measured and indicated, and 12.56 million ounces gold and 151.2 million ounces evolves.”
silver inferred. At the same cut-off, Snowfield contains an astonishing 25.92 million
ounces gold, 75.8 million ounces silver and 2.98 billion pounds copper measured and Quartermain concludes, “I’m very encouraged. I entered into negotiations with Silver
indicated, as well as 9.03 million ounces gold, 50.9 million ounces silver and 1.1 billion Standard to buy the property in October and basically purchased it in December.
pounds copper inferred. We’ve been working on it a little more than six months, and during that time we’ve
increased resources by 35% and have had some of the highest gold intersections on
Thus was Pretium able to IPO at the price that it did. Quartermain explains, “In consul- the property to date. And, fortunately, with the money we raised on the IPO and a small
tation with our financial advisors, the suggestion was that this was a reasonable share flow through we did in July, we have all of the cash that we need to drill the project this
price. It’s a function of the value we had in it. The asset, with the 40-somewhat million year and hopefully advance it almost through to feasibility next year. We don’t have to
ounces of gold justifies the price, and the market was willing to pay for it.” go back to the market in the near term, so we can manage shareholder solutions. In
that respect, we’re protected from the volatility of the market.”
“
He continues, “With the Brucejack and Snowfield projects we have one of the world’s
largest undeveloped gold projects—about the fifth-largest in North America. That’s At press time, Pretium had 86.9 million shares trading at $9.85 for a market cap of
what we wanted: a large project that gave our shareholders insurance in a rising gold $855.6 million.
environment. As gold prices continue to stay strong and improve there will be more
recognition coming to Pretium because of the large in-ground resource we have, and
the potential for the development of a small high-grade project going forward.” With the Brucejack and Snowfield projects
we have one of the world’s largest unde-
Brucejack, particularly that “high-grade project” contained within it, is now the focus of
Pretium’s attention. A June 2011 preliminary economic assessment of the high-grade
veloped gold projects—about the fifth-
resource estimated production of 173,200 ounces gold and 1.12 million ounces silver largest in North America
annually for the first 10 years, with a total mine life of 16 years. The pre-tax net present
value of the resource was estimated at $662 million, with an internal rate of return –Bob Quartermain
of 27.1%—assuming a gold price of $1,100 per ounce and a silver price of $21 per
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