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Articles from the October 31, 2010 edition


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  • 2010 Mining Explorers: Full Metal re-emerges in Alaska

    Shane Lasley, Mining News|Updated Oct 31, 2010

    From its search for White Gold-style mineralization in the Fortymile placer gold district just across the border from the Klondike in eastern Alaska to exploration of the Pyramid copper-gold project some 900 miles, or 1,450 kilometers, to the southwest, Full Metal Minerals Ltd. returned to the Alaska mining exploration scene in 2010. The Vancouver B.C.-based junior also worked with fellow junior and senior mining companies on projects across Alaska's vast expanse. Beyond...

  • 2010 Mining Explorers: AREVA Resources Canada Inc.

    Updated Oct 31, 2010

    President and CEO: Vincent Martin Vice President Operations and Projects: Jim Corman Areva Resources Canada Inc. is developing the Kiggavik Project located 80 kilometers, or 50 miles, west of Baker Lake in the Kivalliq Region of Nunavut. The subsidiary of France-based Areva S.A., the world's largest uranium producer with output of 22 million pounds in 2009, owns interests in at least four uranium mines in Saskatchewan. Kiggavik is the largest and most advanced uranium project in Nunavut. Areva Canada owns a 64.8 percent...

  • 2010 Mining Explorers: Ascot Resources Ltd.

    Updated Oct 31, 2010

    AOT: TSX-V President and CEO: John A. Toffan Chief Financial Officer: Robert A. Evans Ascot Resources Ltd., a junior exploration and development company formed in 1986, holds four major properties - the Swamp Point sand and gravel deposit on the Portland Canal in northwestern British Columbia where it suspended the project in 2008 due to a downturn in the aggregate market; the historic Premier Gold Mine and Dilworth contiguous properties located about 25 kilometers, or 16 miles, north of Stewart, B.C., in the Cassiar Mining...

  • 2010 Mining Explorers: Junior taps mine maker at Niblack

    Shane Lasley, Mining News|Updated Oct 31, 2010

    Heatherdale Resources Ltd., a subsidiary of Hunter Dickinson Inc., (see Hunter Dickinson Inc.) is living up to its pledge to aggressively explore the Niblack copper-gold-silver-zinc project on Prince of Wales Island in Southeast Alaska. Some 23,000 meters of drilling completed by the junior over the past year traced nearly 1,000 meters of precious metal-rich volcanic massive sulfide mineralization under Lookout Mountain. Heatherdale optioned Niblack from CBR Gold Corp. (see...

  • 2010 Mining Explorers: Atac Resources Ltd.

    Updated Oct 31, 2010

    ATC:TSX-V President: Robert C. Carne, M.Sc., P.Geo. Chief Executive Officer: Graham N. Downs Ian J. Talbot: Chief Operating Officer Atac Resources Ltd., organized in 1998 in British Columbia, is a junior exploration company spawned by longtime Yukon mining consultant Archer Cathro Ltd. that is aggressively exploring has more than 16 exploration projects in Yukon Territory, Northwest Territories and British Columbia. Atac is focused on exploring the Rau gold project situated at the northern edge of the Tintina Gold Belt in eas...

  • 2010 Mining Explorers: Aura Silver Resources Inc.

    Updated Oct 31, 2010

    AUU: TSX-V President and CEO: Rob Boaz Hon. B.A. Chief Geologist & Director: James M. Franklin, Ph.D., P. Geo. VP, Exploration and Consulting Geologist: Eric Craigie, B. Sc. (Geo.) Formed in 2003, Aura Silver's strategy is to act as an exploration arm with other miners that host untested exploration potential on their mining properties in major silver belts. Aura Silver has two active projects in North America, including one located in an under-explored Archean greenstone belt in Nunavut. Aura Silver's Greyhound Lake...

  • 2010 Mining Explorers: Gold, other explorers work projects

    Rose Ragsdale, For Mining News|Updated Oct 31, 2010

    Diamonds continued to dominate mining production in Northwest Territories in 2010, but other hardrock mineral projects led most of the mineral exploration activity during the year. Yet 2010 is shaping up to be a year of recovery for nearly all of the territory's miners. Rough diamond production from Harry Winston's 40 percent share of the Diavik Mine totaled 650,000 carats in the second quarter, up significantly from 570,000 carats a year earlier. Rio Tinto plc controls 60 percent interest in Diavik, Canada's largest diamond...

  • 2010 Mining Explorers: Avalon Rare Metals Inc.

    Updated Oct 31, 2010

    AVL: TSX President and CEO: Donald S. Bubar, M. Sc., P. Geo. Vice-President, Finance and CFO: R.J. (Jim) Andersen, CA, CPA, CFP Vice-President, Exploration: William Mercer, Ph.D., P. Geo. Formed in 1991, Avalon Rare Metals is a mineral exploration and development company primarily focused on the rare metals and minerals that are in increasing demand for environmentally-beneficial high technology applications. These include lithium, tantalum, cesium, indium, gallium as well as rare earth elements such as neodymium, dysprosium...

  • 2010 Mining Explorers: Brisk pace continues at Livengood

    Shane Lasley, Mining News|Updated Oct 31, 2010

    Since International Tower Hill Mines Ltd. began exploring Livengood in 2007, it has outlined nearly 20 million ounces of gold resources. The junior continues this brisk pace as it contemplates building a mine at the Interior Alaska project. In order to focus its attention on developing the rapidly advancing project, Tower Hill has transferred its non-Livengood exploration assets into Corvus Gold Inc., a new company under the direction of Tower Hill Vice President of...

  • 2010 Mining Explorers: Baffinland Iron Mines Corp.

    Updated Oct 31, 2010

    BIM:TSX Chairman: Richard McCloskey Vice Chairwoman: Daniella Dimitrov Executive Vice President: Michael T. Zurowski - Baffinland owns 100 percent interest of five high-grade iron deposits located about 160 kilometers south of Mittimatalik (Pond Inlet), Nunavut. Known as the Mary River Project, the deposits were identified in the 1960s with most of the initial exploration focused on the No. 1 deposit, which is estimated to contain 356 million metric tons of reserves. Deposits 1, 2 and 3 also contain at least 500 million...

  • 2010 Mining Explorers: BCGold Corp.

    Updated Oct 31, 2010

    BCG: TSX-V President and CEO: Brian P. Fowler, P. Geo. Chief Financial Officer: Larry M. Okada BCGold Corp., organized in 2006 in British Columbia, is a Vancouver-based resource company focused on conceptual, early and mid-stage copper and gold exploration opportunities in British Columbia and Yukon Territory. Among the junior's key projects are its Carmacks copper-gold properties in central Yukon. In July, BCGold accelerated its final payments under the Minto-Carmacks properties agreement with Yukon prospector Shawn Ryan by...

  • 2010 Mining Explorers: Territory ranks fourth in investment

    Rose Ragsdale, For Mining News|Updated Oct 31, 2010

    Government and industry officials agree that mining exploration and development in recent years have brought substantial positive change to Nunavut, Canada's newest and least explored territory. Ongoing and new exploration, however, are rapidly advancing understanding of this vast Arctic land's mineral potential. "In this industry, it seems that all of the best and worst of times were compressed into less than two years (between 2008 and 2010)," said Peter Taptuna, minister of Economic Development & Transportation for the Gov...

  • 2010 Mining Explorers: BHP Billiton plc

    Updated Oct 31, 2010

    BLT: LON Chief Executive Officer: Marius Kloppers Chief Financial Officer: Alex Vanselow London-based BHP Billiton, one of the world's largest diversified resources companies, owns nearly 80 percent of the Ekati diamond mine, Canada's first surface and underground diamond mine that officially began production in 1998. Located about 310 kilometers, or about 192 miles, northeast of Yellowknife, Ekati has about 156 kimberlite pipes with both open pit and underground mining operations. The Panda and Koala pits are underground...

  • 2010 Mining Explorers: Canada Zinc Metals Corp.

    Updated Oct 31, 2010

    CZX: TSX-V Chairman, President and CEO: Peeyush Varshney, LL.B. Director: Henry Giegerich, P. Eng. Canada Zinc Metals (formerly Mantle Resources), was organized in 1988 in British Columbia. This junior is focused on unlocking the potential of the Kechika Trough, a prolific mineral belt that hosts more than 80 million metric tons of base metal resources. Canada Zinc Metals owns 78,526 hectares, or 189,248 acres, in 233 claims, which extend northwestward from the Akie property for a distance of 125 kilometers, or about 78...

  • 2010 Mining Explorers: Kiska gains sole ownership of Whistler

    Shane Lasley, Mining News|Updated Oct 31, 2010

    When Rimfire Minerals Corp. and Geoinformatics Exploration Inc. joined forces to form Kiska Metals Corp. in the fall of 2009, the primary objective of the amalgamated junior was to resolve the tenure of the Whistler Project. A year later the junior explorer achieved this goal, gaining sole-ownership of the expansive gold-copper property in Alaska. Rio Tinto subsidiary Kennecott Exploration Co., which optioned Whistler to Geoinformatics in 2007, had the right to buy back a...

  • 2010 Mining Explorers: Capstone Mining Corp.

    Updated Oct 31, 2010

    CS: TSX Vice-chairman and CEO: Darren Pylot President, COO and Director: Stephen Quin Vice President, Exploration: Brad Mercer, P. Geo. Capstone Mining Corp., founded in 1987 in British Columbia, is primarily focused on operating, expanding and exploring the company's two producing copper mines, including the Minto copper-gold-silver mine in central Yukon Territory. Capstone also aims to grow both organically and through mergers and acquisitions: organic growth through continued mineral resource and reserve expansions at its...

  • 2010 Mining Explorers: Caribou Copper Resources Ltd.

    Updated Oct 31, 2010

    CKR: TSX-V President and CEO: Pierre Vella-Zarb Executive Vice President: David Lajack Vice President, Mining: Bernard Stannus Caribou Copper Resources Ltd. returned to Caribou Dome in 2010 for its first full exploration season at the high-grade copper property located about 160 miles, or 257 kilometers, northeast of Anchorage. Acquiring Caribou Dome in early September 2009, the Ottawa-based junior hastily organized a drill program to begin its investigation of the high-grade copper prospect. The company completed 621 meters...

  • 2010 Mining Explorers: Junior investments pay big for Kinross

    Shane Lasley, Mining News|Updated Oct 31, 2010

    Kinross Gold Corp. is a partner of choice for many junior explorers investigating gold prospects in Alaska and northwest Canada. The Toronto-based major has formed various alliances with a number of juniors exploring for gold in the Tintina Gold Belt, the prolific 145-million-acre (58.7-million-hectare) mineral region that hosts Kinross' Fort Knox Gold Mine and huge gold deposits including Donlin Creek and Livengood in Alaska as well as significant gold showings in Yukon...

  • 2010 Mining Explorers: Cedar Mountain Exploration Inc.

    Updated Oct 31, 2010

    CED: TSX-V President, Chairman and CEO: Charles Chebry Vice President, Exploration: David Clarke Cedar Mountain Exploration Inc. is focused on seeking a near-surface, bulk tonnage sedimentary gold deposit at its Kelly Creek gold project located about 90 miles, or 145 kilometers, north of Nome. After cutting a deal with Greatland Exploration on the Kelly Creek gold property early in 2010, Cedar Mountain augmented its land position on Alaska's Seward Peninsula by staking an additional 147 State of Alaska mining claims...

  • 2010 Mining Explorers: Explorers flood mining hot spot

    Rose Ragsdale, For Mining News|Updated Oct 31, 2010

    Primed for booming exploration for several years, the Yukon Territory appears to have hit big in 2010, both literally and figuratively. Emerging as one of the world's mining hot spots, the Northwest Canada jurisdiction is reporting industry investment exceeding C$120 million. Propelled by record gold prices and key gold discoveries, as well as surging demand in Asia for base metals and a mining friendly government, miners flocked to the territory in growing numbers, bringing generous exploration budgets and fresh theories...

  • 2010 Mining Explorers: Junior delivers big projects to majors

    Shane Lasley, Mining News|Updated Oct 31, 2010

    Since its inception in 2007, Millrock Resources Inc.'s modus operandi is to seek out early-stage mineral prospects in Alaska and Arizona, complete initial exploration and then joint venture the projects to other industry players. Utilizing this project generator model the junior has amassed a portfolio of 10 gold and copper projects, seven of which received partner-funded exploration in 2010. Estelle, Millrock's flagship gold property in Alaska, had been the one caveat to the...

  • 2010 Mining Explorers: Coeur d'Alene Mines Corp.

    Updated Oct 31, 2010

    CDE: NYSE and CDM: TSX President and CEO: Dennis Wheeler Senior Vice President and CFO: Mitchell Krebs Senior Vice President, Exploration: Donald Birak Thanks to the outcome of a four-year legal battle ultimately decided by the U.S. Supreme Court, Coeur d'Alene Mines Corp. retained a disputed tailings disposal permit for the Kensington gold mine in Southeast Alaska. One year and two days after the landmark ruling, the Idaho-based miner fired up mills at the high-grade gold mine about 45 miles, or 73 kilometers, northeast of...

  • 2010 Mining Explorers: Commander Resources Ltd.

    Updated Oct 31, 2010

    CMD: TSX-V President and CEO: Eric W. Norton Chairman: David Watkins, M. Sc. Vice-President, Exploration and Director: Bernard H. Kahlert, B.Sc., P.Eng. Commander Resources Ltd., incorporated in 1987 in British Columbia, is a junior exploration company focused primarily on exploration and development of the Baffin Island Gold Project, a district-scale iron formation with multimillion-ounce gold potential. Baffin Gold is in the early stages of exploration with good potential for one or more shallow high-grade gold deposits....

  • 2010 Mining Explorers: NovaGold sets sights on production

    Shane Lasley, Mining News|Updated Oct 31, 2010

    Over the past 13 years NovaGold Resources Inc. has grown its resource base from 500,000 ounces of gold to more than 17 million ounces of gold reserves, 14 million ounces of gold resources, plus 150 million ounces of silver and 9 billion pounds of copper. While the company intends to continue to add to its stores of metals in the ground, its primary objective is to begin extracting these reserves at Donlin Creek and Galore Creek. "We continue to believe that advancing our asset...

  • 2010 Mining Explorers: Copper Ridge Explorations Ltd.

    Updated Oct 31, 2010

    KRX: TSX-V President and CEO: J. Greg Dawson, M.Sc., PGeo. Non-Executive Chairman: William M. Sheriff Chief Financial Officer: Justin Blanchet, CA Operating under the philosophy that it will maximize the chance for success in a high-risk business by concentrating on the right commodities in mining-friendly jurisdictions with high mineral potential, Copper Ridge Explorations Ltd. owns or has the option to acquire an interest in nine mineral properties in Alaska, Yukon and British Columbia. The junior also holds a royalty inter...

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