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Articles from the November 11, 2012 edition


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  • Mining Explorers 2012: Local resources, global reach

    Brad Cathers, Special to Mining News|Updated Nov 11, 2012

    Mining continues to be a cornerstone of Yukon's economy, with extraordinary mineral deposits, including both precious and non-precious metals. The Government of Yukon is committed to providing an internationally competitive investment climate. To this end, we continue to provide regulatory certainty around environmental assessment, permitting and licensing of projects. Yukon's exploration and mining industries are settling in for the long term. After a record-breaking year for claim staking and exploration spending in 2011,...

  • Mining Explorers 2012: Exploration rush slows in 2012

    Rose Ragsdale, For Mining News|Updated Nov 11, 2012

    While the frenzy of activity that engulfed the Yukon Territory in 2011 did not re-emerge this season, scores of players, from upstart juniors to global mining firms mounted impressive mineral exploration campaigns throughout the territory. Gold was the primary metal sought in the Yukon in 2012, but some explorers chased silver, copper, zinc-lead, iron and other minerals. Based on the spending plans of mining companies in March, Natural Resources Canada projected C$285 million planned spending across the Yukon, a decrease of...

  • Mining Explorers 2012: Brixton Metals Corp.

    Updated Nov 11, 2012

    bbb: TSX Chairman and CEO: Gary Thompson, P.Geo, P.Geol. Director: George Salamis, Geologist Director: Jim Defer, CA CBV Brixton Metals Corp. is exploring its flagship 25,000-hectare (61,775 acres ) Thorn Property which is located in northwestern British Columbia about 130 kilometers (81 miles) southwest of Atlin, B.C. Brixton has found substantial near-surface, high-grade mineralization at the largely untested Oban Breccia Zone, which is located in the heart of a 6-kilometer mineralized corridor within Thorn. Drill results...

  • Mining Explorers 2012: Pogo gold discovery within sight

    Shane Lasley, Mining News|Updated Nov 11, 2012

    The best place to find a new mine is in the shadow of a headframe" is an adage that has served geologists well in their search for new deposits of metals that the world needs and desires. This proverb has once again proven its worth at Pogo, Alaska's highest producing gold mine. Though Pogo does not boast an iconic headframe towering over its underground operations, new gold-rich zones discovered "within eyesight of the mill" are rapidly adding high-grade ore to the reserves...

  • Mining Explorers 2012: Teck hunts in Alaska, NW Canada

    Shane Lasley, Mining News|Updated Nov 11, 2012

    From investigating grassroots gold prospects in the Yukon Territory to ensuring the Red Dog Mine has sufficient stores of high-grade ore to remain a top global zinc producer for decades to come, Teck Resources Ltd. 2012 is continuing a century of discovery in Alaska and Canada's Northwest. This broad spectrum of exploration across Alaska, British Columbia and Yukon Territory exemplifies the Vancouver, B.C.-based major's objective of accessing "high-quality, sustainable growth...

  • Mining Explorers 2012: Canadian Orebodies Inc.

    Updated Nov 11, 2012

    CO: TSX-V President and CEO: Gordon McKinnon Resource Consultant: George Wahl, P. Geo Project Manager, Haig Inlet: Henry Hutteri, P. Geo Canadian Orebodies Inc. focused in 2012 on its Belcher Islands Project in Nunavut. In June the company began evaluating high-priority exploration targets in areas around Haig Inlet and Belcher Islands, and selected three large untested targets thought to have the highest potential for near-surface iron mineralization that may be amenable to open pit mining. In two phases of exploration, the...

  • Mining Explorers 2012: Capstone Mining Corp.

    Updated Nov 11, 2012

    CS: TSX President and CEO: Darren Pylot Senior Vice President and COO: Gregg B. Bush, B.Sc. (Metallurgical Eng.) Vice President, Exploration: Brad Mercer, P. Geol. Capstone Mining Corp. is focused on operating, expanding and exploring its assets, including mines or mine projects in Yukon Territory, British Columbia, Mexico and Chile. The Minto copper-gold-silver mine in central Yukon Territory and the high-grade Kutcho copper-zinc-gold-silver deposit in northwestern British Columbia are Capstone's only northern Canada...

  • Mining Explorers 2012: China Minerals Mining Corp.

    Updated Nov 11, 2012

    CMV: TSX-V/HWTHF: US CEO: Ling Zhu (Beijing) Advisor: David Rhys, M.Sc., P.Geo. Advisor: Jack McClintock China Minerals Mining Corp., formerly Hawthorne Gold Corp., focused on a C$3 million, 10,000-meter drill program in 2012 at its Cassiar-area properties in northern British Columbia with an exploration budget divided evenly between the Table Mountain and Taurus gold properties. Exploration was implemented by Equity Exploration Consultants Ltd. of Vancouver, B.C. The Cassiar Gold project, including the Taurus gold deposit,...

  • Mining Explorers 2012: Coeur d'Alene Mines Corp.

    Updated Nov 11, 2012

    CDE: NYSE - CDM: TSX Chairman: Robert Mellor President and CEO: Mitchell Krebs Senior Vice President, Exploration: Donald Birak Coeur d'Alene Mines Corp., an Idaho-based miner with silver and gold operations in the United States, Mexico, Bolivia, Argentina and Australia, spent the first half of 2012 revamping its Kensington gold mine in Southeast Alaska. During 2011, the first full year of production at Kensington, the underground operation produced 88,420 ounces of gold at cash operating costs of US$1,088 per ounce. Late in...

  • Mining Explorers 2012: Colorado Resources Ltd.

    Updated Nov 11, 2012

    CXO: TSX-V President and CEO: Adam Travis, B.Sc. Geology, Exploration Manager - B.C. & Yukon: Linda Dandy, P.Geo. Vice President, Exploration: Greg Dawson, MSc Chief Geoscientist: Jim Oliver, Ph.D., P.Geo In 2012 Colorado Resources said its primary focus for the foreseeable future will be on advancing the Hit Property and following up work on the Hearts Peak Property in northwestern British Columbia, extensively exploring the Oro and Selwyn properties in Yukon Territory and pursuing a joint venture with Kinross Gold Corp. on...

  • Mining Explorers 2012: Consolidated Woodjam Copper Corp.

    Updated Nov 11, 2012

    WCC: TSX President and CEO: William (Bill) Morton, M.Sc, B.Sc., P.Geo. Vice president: Glen Garratt, B.Sc., P.Geo. Senior Technical Advisor: Tom Schroeter, P.Eng/P.Geo. Consolidated Woodjam Copper Corp. and its funding partner, Gold Fields Horsefly Exploration Corp., focused in 2012 on exploring the 56,500-hectare (139,612 acres) logging roads-accessible Woodjam North and Woodjam South copper-gold-molybdenum properties located 50 kilometers (31 miles) east of Williams Lake in central British Columbia. Gold Fields Horsefly is...

  • Mining Explorers 2012: Corvus Gold Inc.

    Updated Nov 11, 2012

    KOR: TSX/CORVF: OTCQX CEO: Jeffrey Pontius President: Russell Myers Exploration Manager, Alaska: Chris Brown Formed in 2010 to explore International Tower Hill Mines Ltd.'s non-Livengood assets, Corvus Gold Inc. has set out on a path to become a gold producer with significant interest and royalty exposure. While Corvus focuses its in-house efforts on advancing a preliminary economic assessment for North Bullfrog - a southern Nevada bulk tonnage gold project the company plans to put into production by 2015 - the junior has...

  • Mining Explorers 2012: Decade Resources Ltd.

    Updated Nov 11, 2012

    DEC: TSX President: Ed Kruchkowski, Director: Ron Nichols Director: Randy Kasum Decade Resources Ltd. and its 35-percent partner Mountain Boy Minerals Ltd. was focused in 2012 on exploring the Red Cliff project in northwestern British Columbia. Red Cliff is a gold-copper property consisting of eight Crown-granted mineral claims located 40 kilometers (25 miles) north of Stewart, B.C. High gold values are contained within stockwork zones that are composed of stringers of quartz-chalcopyrite-pyrite plus local coarse visible...

  • Mining Explorers 2012: Elgin Mining Inc.

    Updated Nov 11, 2012

    ELG: TSX President and CEO: Patrick Downey Chief Operating Officer: James A. (Jim) Currie Manager, Exploration: Vivian Park Elgin Mining Inc. focused on exploring its Lupin and the Ulu gold properties in Nunavut in 2012. Through a merger with Gold-Ore Resources Ltd. in May, Elgin gained ownership of the producing Bjorkdal gold mine in Sweden. Ongoing exploration included an airborne geophysics survey to identify drill targets at the past-producing Lupin gold mine located about 400 kilometers north of Yellowknife, Northwest...

  • Mining Explorers 2012: Ethos Gold Corp.

    Updated Nov 11, 2012

    ECC: TSX/ETHOF: OTCQX/1ET: FRANKFURT President and CEO: Gary Freeman Chief Operating Officer: Peter Tallman, P.Geo. Chief Financial Officer: Peter Wong, C.A. Ethos Gold Corp., formerly Ethos Capital Corp., focused in 2012 on exploring its Betty, Wolf and Bridget properties south of Dawson City, Yukon. A two-phase 2012 exploration program, originally budgeted for C$7.3 million, was revised downward to C$5 million by mid-season. Targeting the Mascot Creek soil anomaly identified in 2011 at the 15-square-kilometer Betty...

  • Mining Explorers 2012: Full Metal Minerals Ltd.

    Updated Nov 11, 2012

    FMM: TSX-V President: Michael Williams CEO & Vice President, Exploration: Rob McLeod Pyramid, a copper-gold-molybdenum porphyry project situated on the Alaska Peninsula of Southwest Alaska, was the primary target of Full Metal Minerals Ltd.'s 2012 exploration. The Vancouver, B.C.-based junior (49 percent) and its Chile-based project partner, Antofagasta Minerals S.A. (51 percent), carried out a 3,000-meter drill program to follow-up on copper-gold-molybdenum mineralization outlined by 17 holes drilled by the partners in 2010...

  • Mining Explorers 2012: Golden Predator Corp.

    Updated Nov 11, 2012

    GPD: TSX-V Chairman and CEO: William M. Sheriff, B.Sc.
 President: John Legg, B.A., LLB Chief Operating Officer: Michael G. Maslowski Golden Predator Corp. focused the lion's share of its efforts in 2012 on its flagship Brewery Creek Project near Dawson City in central Yukon Territory, ratcheting down from much larger and more diverse exploration programs in 2010 and 2011 due to dismal market conditions. Though Golden Predator controls more than 1 million acres of mining claims in the Yukon - down from 1.2 million acres...

  • Mining Explorers 2012: Goldstrike Resources Ltd.

    Updated Nov 11, 2012

    GSR: TSX-V Chairman, CEO and President: Terrence E. "Terry" King Director: Lawrence (Larry) Dick, Ph.D., P.Geo Chief Operating Officer: William S. Chornobay Goldstrike Resources Ltd. aggressively explored some 31 properties in Yukon Territory during the first half of 2012, spending C$16.96 million on exploration. Goldstrike had two teams manage concurrent exploration programs this season. Following up on nine new gold discoveries made in 2011, including Plateau, Summit, Big One, Livingston, and Lucky Strike, one team targeted...

  • Mining Explorers 2012: Grande Portage Resources Ltd.

    Updated Nov 11, 2012

    CPG: TSX-V Chairman: Paul Bowes President: Ian Klassen Vice President, Exploration: Wesley Raven Drilling completed by Grande Portage Resources Ltd. over the past three years has outlined a high-grade gold deposit at Herbert Glacier that is shaping up to be on par to its neighbors in the Juneau Gold Belt of Southeast Alaska. Located about 35 kilometers northwest of the historical Treadwell Mine and about the same distance southeast of Coeur d'Alene Mines' Kensington operation, Herbert Glacier lies along a trend legendary for...

  • Mining Explorers 2012: Hecla Mining Co.

    Updated Nov 11, 2012

    HL: NYSE Chairman: Ted Crumley President and CEO: Phillips Baker, Jr. Vice President, Exploration: Dean McDonald Plagued with a series of accidents that ultimately resulted in a year-long hiatus of operations at its Lucky Friday Mine in Idaho, Hecla Mining Company is leaning on Greens Creek Mine in Southeast Alaska to sustain its strong financial position and fund a series of growth initiatives aimed at catapulting the 120-year-old mining company to a 15-million-ounce-per-year silver producer by 2017. "We will spend US$140...

  • Mining Explorers 2012: Homestake Resource Corp.

    Updated Nov 11, 2012

    HSR: TSX President: Joseph A. Kizis, Jr., M.S., B.S., P.Geo. Chairman: Lawrence Page, Q.C., B.A., LL.B. Vice President, Exploration: Robert Macdonald, MSc., P.Geo Homestake Resource Corp., formerly Bravo Gold Corp., focused in 2012 on its Homestake Ridge and Kinskuch properties in northwestern British Columbia. This work included drill delineation of the South Reef deposit at Homestake Ridge and follow up drilling of a potential mineral deposit at Kinskuch. The program also included additional exploration drilling, ground...

  • Mining Explorers 2012: Imperial Metals Corp.

    Updated Nov 11, 2012

    III: TSX Chairman: Pierre Lebel (mug) President and COO: J. Brian Kynoch, P.Eng. Vice President, Exploration: Patrick M. McAndless, P.Geo. Imperial Metals Corp. focused in 2012 on expanding resources at its Mount Polley open-pit copper-gold mine located 56 kilometers northeast of Williams Lake in central British Columbia and developing the Red Chris copper-gold property in northwest British Columbia. The mid-tier producer also owns 50 percent interest in the Huckleberry open pit copper-molybdenum mine in central British...

  • Mining Explorers 2012: Independence Gold Corp.

    Updated Nov 11, 2012

    IGO: TSX-V President and CEO: Randy Turner, B.Sc., P.Geo CFO: Christopher Mitchell, P.Eng., MBA Vice President, Exploration: David Pawliuk, B.Sc., P.Geo Independence Gold Corp., formerly Silver Quest Resources Ltd., is focused on exploring for silver and gold on numerous property holdings, ranging from early‐stage grassroots to advanced‐stage resource delineation and expansion projects scattered across central British Columbia and Yukon Territory. In 2012, the company launched a C$2.2 million exploration program...

  • Mining Explorers 2012: International Tower Hill Mines Ltd.

    Updated Nov 11, 2012

    ITH: TSX / THM: NYSE-A Chairman: Daniel Carriere President and CEO: Don Ewigleben Vice President, Alaska: Tom Irwin Alaska General Manager: Karl Hanneman With the goal of advancing the world-class Money Knob deposit to production by 2018, International Tower Hill Mines Ltd. is crunching the numbers on the feasibility of building a mine at Livengood. With an all-in resource of 20.6 million ounces of gold, the Money Knob deposit at Livengood ranks as the 14th largest undeveloped deposit of gold on the planet, according to a...

  • Mining Explorers 2012: Kaminak Gold Corp.

    Updated Nov 11, 2012

    KAM: TSX-V President and CEO: Rob Carpenter, Ph.D., P. Geo. 
 Chairman: John Robins, P.Geo. Vice President, Exploration: Tim Smith, M.Sc. Kaminak Gold Corp., a project generator with a dozen properties in Canada, planned a C$17 million 50,000-meter first-phase exploration drill program for 2012 on its Coffee Gold Project located in the White Gold District of Yukon Territory, but by mid-season had added at least C$2 million and more than 10,000 meters of additional drilling to the program. The company aimed to build...

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