March 10, 2014
In the new junior mining world new, more realistic, business models drive investment. For Philippe Cloutier, President and CEO of Cartier Resources (V.ECR) that means “giving investors an exit strategy and making money.”
As Cloutier puts it, you begin with “Location, location, location!”, in this case the prolific Abitibi Gold Belt in the mining friendly jurisdiction of Quebec. “When the last gold bull run occurred in 2003 the majors and juniors bet on projects from the Abitibi. These were old deposits. None were new discoveries.”
Just like the majors, Cartier is working on projects in the Abitibi in order to de-risk the possibility of a solid return. “This is an area with services and good infrastructure. There is a history of past production. Although it is not exotic it is rewarding.” read more…Jay Currie
February 26, 2014
Greenfields exploration is hard. But finding gold in a gold mine is less challenging. The question Discovery Ventures (V.DVN) is looking to answer is whether the gold and other minerals at their Willa property in south eastern British Columbia offer the possibility of a profitable mine. And profits required piecing together a complicated puzzle.
To create a profitable operation Discovery thought outside the box when it came to processing the Willa ore. Instead of incurring the expense and regulatory delay involved in building a processing plant from scratch at the Willa property, Discovery found another option: purchasing and re-purposing an existing mill fairly nearby. And, with that option, came both the opportunity to resume molybdenum production and a 50 million dollar tax loss to be applied towards future production revenue. read more…Jay Currie
February 20, 2014
Small companies with big projects need and welcome major players in their sector. February 12, 2014 Allana Potash (T.AAA) announced a strategic partnership with Israel Chemicals Limited, ICL, one of the world’s largest fertilizer producers.
Making the announcement Farhad Abasov, President and CEO of Allana, commented, “We are pleased about our strategic alliance with ICL. This is a significant and defining milestone in our Company’s history, paving the path towards the transformation of Allana into a major, global potash producer. This strategic alliance is comprehensive and encompasses three major aspects that are critical to the success of a new potash project: 1) financial support; 2) a take-or-pay off take; and 3) technical cooperation.” read more…Jay Currie
February 13, 2014
Freyja Resources (V.FRA) is developing a copper/silver property in Northeastern Chihuahua State Mexico. On January 29, 2014 Freyja reported the completion of the first phase of its exploration program which included mapping and systematic sampling on surface and underground of the copper oxide ore on the Las Cristinas Area in order to better delineate the Company’s one kilometer long initial exploration target. The sampling program consisted of over 300 samples ranging from 3 kg to 5 kg per sample. read more…Jay Currie
February 7, 2014
Zenyatta Ventures’s (V.ZEN) Albany hydrothermal graphite deposit is, as CEO Aubrey Eveleigh, points out, “one of a kind.” It is so unique that it has attracted attention globally and that of Lakehead University’s Dr. Andrew Conly and secured a Natural Sciences and Engineering Research Council grant to study its origins. read more…Jay Currie
February 4, 2014
Bringing a major new iron mine on line is tough. Huge investments must be made, technology must be adapted to the nature of the ore and costs for everything from labour costs to transportation must be checked and re-checked. For Matt Simpson, CEO of Black Iron (T-BKI), there is another issue – the Shymanivske project is located in Ukraine and Ukraine is a country in transition and making front page news.
“The situation in Ukraine is unfortunate.” Simpson told us. read more…Jay Currie
February 3, 2014
2013 was a frustrating year for graphite explorers. Even the announcement that China was shutting down part of its graphite mining industry left markets unmoved. “We had good news but the markets did not want to hear it.” Focus Graphite (V.FMS) President Don Baxter explained. read more…Jay Currie
January 7, 2014
The first silver doré bar production at First Majestic’s T.FR Del Toro Silver Mine in Zacatecas, Mexico was announced December 4, 2013. In making that announcement, First Majestic CEO Keith Neumeyer stated, “The commencement of silver doré production at Del Toro is another significant milestone for First Majestic this year. The Del Toro Silver Mine continues to be a substantial growth driver for the Company as silver production ramps up from this new mine. With the plant construction nearly complete, this achievement puts First Majestic on track to reaching its tenth consecutive year of growth in silver production.” read more…Jay Currie
January 6, 2014
Graphene technology is expected to change many industrial sectors such as electronics, energy, health and manufacturing. Canadian junior graphite mining company Lomiko Metals (V.LMR) and New York, USA based high-tech start-up Graphene Labs are working together to bring graphene materials closer to commercial production.
Dr. Stolyarov and Dr. Elena Polyakova, the founders of Graphene Labs, have been involved with graphene from its very early stages. Dr. Polyakova was a Postdoctoral Fellow at Columbia University when, in 2005, her advisor proposed five projects one of which was graphene. “I had never heard of graphene before.” she said. Dr. Stolyarov came to the still infant field in 2007. Now graphene has exploded with nearly 10,000 patents applied for and scientific papers being published daily. read more…Jay Currie
December 5, 2013
Operating mines is very different from finding them. Instead of looking for grams per ton, Great Panther (T.GPR) CEO Bob Archer has been dealing with the need to reduce “unit costs per ounce” at the company’s Mexican silver mines. read more…