The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Kivalliq, located northwest of Hudson Bay and sharing a border with the Northwest Territories and Manitoba, is the heart of Nunavut's gold country. This central region of the territory is also the home of Nunavut's sole operating mine, Meadowbank. The region's diverse geology hosts a number of mineral occurrences and deposits, particularly gold, uranium, nickel, platinum group elements, base metals, rare earth elements, and diamonds. In 2013, exploration activity in the Kivalliq Region primarily involved gold and uranium,...
In the wake of the departure of its former option partner, De Beers Canada Inc., Peregrine Diamonds Ltd. has reported discovery during the 2013 summer exploration program of three new kimberlite bodies at the Chidliak diamond project located 120 kilometers (75 miles) northeast of Iqaliut, the capital of Nunavut. Discovered in 2008, the Chidliak Project covers 7,480 square kilometers (2,888 square miles) on South Baffin Island. Peregrine acquired 100 percent ownership of the project in February 2012, buying out the 51 percent...
Nunavut's exploration and mining opportunities consistently have attracted the attention of the major global producers. Natural Resources Canada determined that C$422 million was spent on exploring for minerals in Nunavut in 2012, and estimates that C$313 million will be spent in 2013. Exploration is underway for many minerals in Nunavut and much of the territory remains largely under-explored. These realities suggest that Nunavut's mineral production will increase substantially in the next decade. Nunavut has one operating...
There is a reason why Nunavut has one of the fastest-growing economies in Canada: mining. With one operating gold mine at Meadowbank, two huge projects on the verge of startup at Hope Bay and Mary River, five projects advancing through the environmental assessment process at Meliadine, Back River, Hackett River, and the Izok corridor as well as exploration activities continuing across all three regions of the territory in 2013, there's little wonder that Nunavut's "time has come." "Mining has the best potential to create...
PGD: TSX Chairman and CEO: Eric Friedland President: Brooke Clements Chief Geoscientist: Jennifer Pell Peregrine Diamonds Ltd. focused in 2013 on its primary diamond exploration project, the Chidliak Project, in southeastern Nunavut. At Chidliak, located 120 kilometers (74 miles) northeast of Nunavut's capital, Iqaluit, Peregrine had an option agreement with DeBeers Canada Inc. whereby De Beers had the exclusive right until Dec. 31, 2013 to enter into an earn-in and joint venture agreement for the project on a 50.1 percent...
There is a reason why Nunavut has one of the fastest-growing economies in Canada: mining. With one operating gold mine at Meadowbank, two projects on the verge of startup at Hope Bay and Mary River , five projects advancing through the environmental assessment process at Meliadine, Back River, Hackett River, and the Izok corridor, and exploration activities continuing across all three regions in 2013, there's little wonder that Nunavut's "time has come." That's the word from Matthew Spence, director general of the Northern...
A challenging economic climate in 2012 failed to impede growth in mining activity in Northwest Territories. As miners struggled to fund their work programs, numerous companies managed to plow ahead in the wake of regulatory improvements, advancing projects that could bring even more robust times to the territory's mineral resources sector. The Northwest Territories, one of Canada's three northern territories, is sandwiched between Yukon Territory to the west and Nunavut to the east. With a land mass of nearly 1,347,150...
Northwest Territories, a vast expanse of mountains, forests and tundra, has been slower to experience the surge in mineral exploration and development activities that has swept across Yukon Territory and Nunavut in recent years. But the mining industry is turning its attention to the 1.17 million square kilometers (431,162 square miles) Arctic land - roughly two-thirds the size of Alaska - that lies in between. Permits have been issued for new areas of exploration and claims are being staked in places where such activity has...
An underlying motto for Nunavut this year is "Creating a Resourceful Future," a theme that can be interpreted as creating and building a future full of resources. Nunavut and its expansive geology are rich in many natural mineral resources such as gold, iron ore, base metals of lead and zinc, uranium and nickel to name a few. We have one operating mine, several properties that are potential mines under consideration, and several advanced exploration projects that are proceeding with development or feasibility work. These...
Companies chasing mineral riches in Nunavut in 2012 are expected to meet and surpass the brisk pace of exploration set a year earlier. But the race to discover major deposits of precious and base metals, along with uranium, diamonds and other commodities, in one of Canada's most underexplored and prospective jurisdictions is only just beginning. At one-fifth the size of Canada, Nunavut covers 1,994,000 square kilometers (770,000 square miles or nearly three times the size of Texas). The Far North territory is Canada's younges...
PGD: TSX Chairman and CEO: Eric Friedland President: Brooke Clements Chief Geoscientist: Jennifer Pell, B.Sc. (Honors), Ph.D. Peregrine Diamonds Ltd. focused in 2012 on its diamond exploration projects in Nunavut and Northwest Territories, spending more than C$3 million on at least two successful exploration programs. In December, BHP Billiton Canada Inc., Peregrine's joint venture partner in the Chidliak Project located 120 kilometers (74 miles) northeast of Iqaluit, the capital of Nunavut opted to end the partnership and...
For a junior who lost a substantial funding partner, BHP Billiton Canada Inc., at the onset of the recent downturn in the financial markets, Peregrine Diamonds Ltd. hardly broke stride in exploration momentum in 2012. The aggressive explorer not only forged ahead with a substantial program at its highly prospective Chidliak diamond project on Baffin Island in Nunavut, it also made significant progress in identifying new kimberlites at its Lac De Gras projects in Northwest Territories. Further icing its cake, Peregrine success...
David Mate, chief geologist for the Canada Nunavut Geoscience Office, is part of a team of scientists venturing this field season into relatively unknown territory. Mate refers to the Hall Peninsula where he will be working this summer as "white space" on modern geological maps. "This is very exciting for a geologist. It's also interesting because it's in my backyard," Mate told Mining News April 22. Nunavut is Canada's northernmost and least-explored territory. About 1 ½ times the size of Alaska it is generally regarded as...
Bhp: ASX/NYSE Ceo: Marius Kloppers, PhD Cfo: Alex Vanselow President, Diamonds and Specialty Products: Tim Cutt BHP Billiton Group is a diversified global natural resources company that operates nine industry groups: petroleum, aluminum, base metals (including uranium), diamonds and specialty products, stainless steel materials, iron ore, manganese, metallurgical coal and energy coal. The major said greenfield exploration in 2011 has continued on copper targets in South America, Mongolia and Zambia; nickel and copper targets...
PGD: TSX Chairman & CEO: Eric Friedland President: Brooke Clements Vice President, Exploration: Peter Holmes Since 2007, Peregrine has discovered new Canadian diamond districts, Chidliak and Qilaq on southern Baffin Island, Nunavut, and Nanuq in the eastern Arctic region of Nunavut. The company also holds a 72 percent interest in the WO Property in Northwest Territories where it has established an independent, NI 43-101-qualified, indicated mineral resource of 18.2 million carats in the DO-27 kimberlite and owns several...
East of the hub of Canadian production in Northwestern Territories, diamond exploration intensified this year in far-flung corners of neighboring Nunavut. Ongoing work at the Chidliak Project to the east and the Jericho Mine to the west dominated activity in the sector, but explorers conducted modest programs at other projects in northeast and northwest Nunavut. Here's an early look at the progress of the 2011 campaigns and what lies ahead for them in 2012. Ready to build a mine At Chidliak, a 51/49 joint venture between BHP...
Prospects for Nunavut emerging as another major center of diamond production in Canada are rising right along with prices and worldwide demand for the sparkly stones, thanks to small group of dedicated explorers working across the northern territory. Peregrine Diamonds Ltd. and BHP Billiton are reporting ongoing exploration success in eastern Nunavut, while Shear Diamonds Ltd. is mounting a new effort to rehabilitate the closed Jericho Diamond Mine in the west. They and other explorers, including Diamonds North Resources...
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...
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...
IME: TSX-V President and CEO: Bruce Counts Vice President, Exploration: Dave Kelsch Chief Financial Officer: Andrew Wilton Indicator Minerals Inc., a junior focused on gem exploration-stage projects, is looking for diamonds on more than 2.74 million acres of targeted ground in the Canadian arctic and is advancing four drill-ready projects in Nunavut - Darby, Borden, Grail and Nanuq North - with potential for discovery. For 2010 Indicator concentrated its exploration spending on the Nanuq North Project located 250 kilometers,...
PGD: TSX Chairman & CEO: Eric Friedland President: Brooke Clements Vice President, Exploration: Peter Holmes Since 2002 Peregrine has focused on diamond exploration in northern Canada, acquiring varying interests in Northwest Territories, Nunavut and Manitoba properties. The company's primary exploration properties are the Chidliak and Qilaq diamond projects on Baffin Island and the Nanuq and Nanuq North diamond projects in Nunavut. The junior reported discoveries of diamond-bearing kimberlites on its 9,800-square-kilometer...
As we contemplate manned space flights to Mars, it may be hard to believe that there are still vast areas of the earth's surface that we have yet to explore. Believe it. The world's knowledge of the geology of Canada's Far North is very limited. To fill this knowledge gap, Canada's federal government embarked in 2008 on an aggressive C$100 million, five-year geological mapping program known as Geo-mapping for Energy and Minerals, or GEM, that at its halfway mark this summer is beginning to yield significant dividends in the...
No discussion of opening Canada's Far North to mineral resource development could get far without the focus turning to Nunavut, the nation's newest and least-explored territory. At one-fifth the size of Canada, Nunavut contains 1,994,000 million square kilometers, or 770,000 square miles, (nearly three times the size of Texas). Much of the territory is underlain by Archean-aged rocks similar to those found in the most productive geology in Ontario, Quebec, South Africa, Australia, and Brazil. But much of this geology is...
With its sights set on becoming one of North America's newest junior gold producers, Harmony Gold Corp. has entered into a joint venture agreement with Full Metal Minerals Ltd. on that company's high-grade Lucky Shot gold property, about 145 kilometers, or 90 miles, north of Anchorage. Vancouver B.C.-based Harmony Gold has the opportunity to earn a 60 percent stake in the high-grade gold project as it works toward putting the historic mine back into production. During a Nov....
Nunavut was created on April 1, 1999. The new territory and the public government, in which I am proud to be the Minister of Mines, was created as part of the largest aboriginal land claims settlement in Canadian history. The signing of the Nunavut Land Claims Agreement in 1993 marked a historic agreement between the Inuit of Canada's eastern Arctic and Canada. One of the key outcomes of that agreement was the creation of a new territory for all the people of Nunavut. This is a large territory. It is three times the size of...
