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Articles from the October 31, 2010 edition


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  • 2010 Mining Explorers: Beyond the colossal Pebble deposit

    Shane Lasley, Mining News|Updated Oct 31, 2010

    As the Pebble Limited Partnership approaches the completion of an extensive feasibility study for the Pebble Project, it is investigating the Southwest Alaska property beyond the bounds of the 80.6 billion pounds of copper, 107.4 million ounces of gold and 5.6 billion pounds of molybdenum known to exist in the massive deposit. "Until the latter part of last year, we hadn't drilled a hole outside the Pebble deposit proper - other than geotechnical or engineering drill holes,...

  • 2010 Mining Explorers: Darnley Bay Resources Ltd.

    Updated Oct 31, 2010

    DBL: TSX-V Chairman and Director: Leon F. La Prairie, B.Sc., P. Eng. President and CEO: Stephen W. Reford, B.A.Sc., P. Eng. Chief Financial Officer: Patricia G. Mannard, B.A. Formed in 1993, Darnley Bay Resources Ltd. is focused on exploring for and developing base metal deposits related to the 50-kilometer-by -80-kilometer, or 31-mile-by-50-mile, Darnley Bay gravity anomaly near Paulatuk, Northwest Territories. The company has discovered six diamondiferous kimberlite pipes in the same region. Darnley Bay is currently...

  • 2010 Mining Explorers: De Beers Canada - NWT Projects

    Updated Oct 31, 2010

    President and Chief Operating & Technical Officer, De Beers Group: Jim Gowans Acting CEO and COO, De Beers Canada: Chantal Lavoie Senior Vice President, Exploration Division: Martin Doyle De Beers Canada Inc., a unit of global diamond miner De Beers Group, has been active for nearly 50 years, growing from a small group of geologists in the field to multiple offices and operations across the country, including the Snap Lake Mine and the Gahcho Kué advanced exploration project in Northwest Territories. The Snap Lake Mine,...

  • 2010 Mining Explorers: Decade Resources Ltd.

    Updated Oct 31, 2010

    DEC: TSX President: Edward Kruchkowski, P. Geo, P. Geol. Director and CFO: Andrew Bowering Decade Resources Ltd. is focused on exploration stage mineral properties in northern British Columbia. In 2010, the junior's activities centered on the Red Cliff gold and Wedeene copper-gold properties. At April 30 Decade had incurred all the required exploration expenditures to earn a 60 percent interest in Red Cliff. Decade has informed Mountain Boy that it will not be exercising its option to earn the additional 20 percent interest....

  • 2010 Mining Explorers: Diavik Diamond Mines Inc.

    Updated Oct 31, 2010

    DDMI President and COO: Kim Truter DDMI Superintendent, Geotechnical Engineering: Sarah Greer DDMI Chief Geologist: David Eichenberg The Diavik Diamond Mine is an unincorporated 60/40 joint venture between Diavik Diamond Mines Inc., a subsidiary of London-based Rio Tinto plc, and Harry Winston Diamond Mines Ltd., a subsidiary of Toronto-based Harry Winston Diamond Corp. Both companies have headquarters in Yellowknife, Northwest Territories. Diavik Diamond Mines manages the mine, which began diamond mining underground in...

  • 2010 Mining Explorers: Eagle Plains Resources Ltd.

    Updated Oct 31, 2010

    EPL: TSX-V President and CEO: Tim J. Termuende Chief Financial Officer and Director: Glen J. Diduck Vice President, Exploration and Director: Charles C. Downie Eagle Plains Resources Ltd. is a 20-year-old junior mining and exploration company that currently controls more than 30 gold, silver, uranium, copper, molybdenum, lead, zinc, gypsum and rare earth mineral projects, mainly located in western and northwestern Canada, including British Columbia, Yukon Territory and Northwest Territories. Eagle Plains says its primary...

  • 2010 Mining Explorers: Fire River Gold Corp.

    Updated Oct 31, 2010

    FAU: TSX-V President and CEO: Harry Barr Vice President, Mining: Richard Goodwin Manager of Geology: Larry Hillesland Fire River Gold Corp. has reached an important milestone in its investigation of the Nixon Fork gold mine in Alaska. After spending the past year sorting through the facilities, equipment and geological data left behind by the previous operator, the junior is now looking ahead to reopening the high-grade gold mine. The Vancouver B.C.-based junior was formed in 2009 and later that year bought Nixon Fork - compl...

  • 2010 Mining Explorers: First Star Resources Inc.

    Updated Oct 31, 2010

    FS: TSX-V President and CEO: Bill Wishart Vice President Exploration: Karsten Eden First Star Resources Inc. is exploring West Pogo and LMS, two gold properties in the vicinity of Sumitomo Metal Mining Co. Ltd.'s Pogo Mine in Interior Alaska. The junior signed an option agreement with International Tower Hill Mines Ltd. to earn up to a 100 percent interest in the properties, and in August Tower Hill rolled these assets into a new junior exploration company, Corvus Gold Inc. (See Corvus Gold). West Pogo is situated 2.8 miles,...

  • 2010 Mining Explorers: Fortune Minerals Ltd.

    Updated Oct 31, 2010

    FT: TSX President and CEO: Robin E. Goad, M. Sc., P.Geo. Vice President, Finance and CFO: Julian Kemp, B.B.A., C.A. Vice President, Operations: Tom Rinaldi Fortune Minerals is a diversified natural resource company with several mineral deposits and a number of advanced exploration and development projects, all located in Canada. The company's projects include the Mount Klappan anthracite coal deposits located 150 kilometers, or 97 miles, northeast of the port of Stewart in British Columbia; the Nico gold-cobalt-bismuth-copper...

  • 2010 Mining Explorers: Forum Uranium Corp.

    Updated Oct 31, 2010

    FDC/TSX-V President and CEO: Richard J. Mazur, P. Geo, MBA Vice President, Exploration: Ken Wheatley, P. Geo Chief Geologist: Boen Tan, Ph.D. - Forum Uranium Corp. is focused on exploration and development of its 69,316-hectare, or 171,210-acre, North Thelon Project in the Thelon Basin of Nunavut. A number of historical and new showings with grades of up to 8.75 percent U3O8 have been discovered by Forum on the North Thelon project in past exploration programs. During the 12 months that ended May 31, Forum spent nearly C$2.8...

  • 2010 Mining Explorers: Freegold Ventures Ltd.

    Updated Oct 31, 2010

    FVL: TSX-V President and CEO: Kristina Walcott Chief Financial Officer: Gordon Steblin Vice President, Exploration: Michael Gross Weighed down with about C$11 million in debt in mid-2009, it appeared Freegold Ventures Ltd. would become another casualty of the market collapse. Stepping into the leadership role, former Freegold Vice President of Corporate Development Kristina Walcott leveraged the value of the company's four gold assets in Alaska and Idaho. Over the course of a few short months, the new president and CEO...

  • 2010 Mining Explorers: Golden Predator Royalty & Development Corp.

    Updated Oct 31, 2010

    GPD: TSX-V Chairman and CEO: William M. Sheriff, B.Sc. President: John Legg, B.A., LLB Vice President Exploration (Canada): Corwin (Cor) Coe, A.Sc.T., B.Sc., P.Geo. Golden Predator Royalty & Development Corp., spun out with the precious metal assets of Golden Predator Mines Inc. in 2009, began operation with a gold royalty portfolio with average annual revenues exceeding C$1 million. The company is mandated to establish early high-grade precious metals production in Nevada, while conducting aggressive exploration and potentia...

  • 2010 Mining Explorers: Harmony Gold Corp.

    Updated Oct 31, 2010

    H: TSX-V President and CEO: Craig Michael Engelsman Lucky Shot Project Manager: William J. Burnett With its sights set on becoming a junior gold producer in the first half of 2011, Harmony Gold Corp. has partnered with Full Metal Minerals Ltd. (see Full Metal Minerals) on the high-grade Lucky Shot gold property, about 145 kilometers, or 90 miles, north of Anchorage. "I created Harmony Gold specifically to become one of the newest junior producers," Harmony Gold President and CEO Craig Michael Engelsman told Mining News. "If...

  • 2010 Mining Explorers: Hecla Mining Co.

    Updated Oct 31, 2010

    HL: NYSE President and CEO: Phillips Baker Jr. Senior Vice President and General Counsel: David Sienko Vice President, Exploration: Dean McDonald The US$750 million purchase of Rio Tinto's 70.27 percent ownership stake in Greens Creek Mine near Juneau, Alaska, nearly proved to be the undoing of Hecla Mining Co. Instead, the audacious move catapulted Hecla to rank as the No. 1 silver producer in the United States. Surviving the tumultuous financial markets and low metals prices of the latter half of 2008 and the first half of...

  • 2010 Mining Explorers: Hunter Dickinson Inc.

    Updated Oct 31, 2010

    Chairman: Robert Dickinson CEO: Ronald Thiessen Hunter Dickinson Inc. is a Vancouver, B.C.-based private company associated with a suite of publicly-traded companies engaged in mineral exploration, development and mine operations around the world. The company's multi-disciplinary team of some 120 financial and technical specialists provides professional services to successful mine operators and developers on four continents, with interests in gold, copper, platinum group metals, molybdenum, zinc, silver and diamonds. Hunter...

  • 2010 Mining Explorers: Imperial Metals Corp.

    Updated Oct 31, 2010

    III: TSX Chairman: Pierre Lebel (mug) President and COO: J. Brian Kynoch Vice President, Exploration: Patrick M. McAndless Imperial Metals Corp., organized in 2001, is a Vancouver-based miner focused on discovering, developing and operating base and precious metal assets in western North America. Key properties include the Mount Polley open-pit copper/gold mine in central British Columbia, 50 percent interest in the Huckleberry open-pit copper/molybdenum mine in northern British Columbia, the development-stage Red Chris...

  • 2010 Mining Explorers: Indicator Minerals Inc.

    Updated Oct 31, 2010

    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,...

  • 2010 Mining Explorers: Jayden Resources Inc.

    Updated Oct 31, 2010

    JDN: TSX-V CEO and Executive Director: David Eaton President: Robert P. (Bob) Felder. VP Exploration and Development: Robert Perry, CPG Pinnacle Mines Ltd. changed its name to Jayden Resources Inc. in June in the first of a number of developments that the junior planned for 2010 including new management and the rapid advancement of its 70-percent-owned Silver Coin Gold Project in the Stewart gold camp in northwestern British Columbia. Jayden is in the advanced stage of exploration on the Silver Coin Property, having explored...

  • 2010 Mining Explorers: Kaminak Gold Corp.

    Updated Oct 31, 2010

    KAM: TSX-V President and CEO: Rob Carpenter, Ph.D., P. Geo. Chairman: John Robins, P.Geo. Chief Geologist: Craig S. Finnigan, Ph.D. Kaminak Gold Corp., formed in 2005 in British Columbia, is a prospect generator recently focused on early-stage mining opportunities in northwestern Canada. Adhering to a philosophy of forming strategic partnerships such as joint ventures, Kaminak is working to advance at least 16 discovery-stage projects in Yukon Territory, Nunavut, British Columbia and other Canadian provinces. The junior...

  • 2010 Mining Explorers: Kivalliq Energy Corp.

    Updated Oct 31, 2010

    KIV: TSX-V President and CEO: John Robins Chairman: Rob Carpenter Vice President, Exploration: Jeff Ward Kivalliq Energy Corp., created in early 2008 when Kaminak Gold Corp. spun off its uranium assets, mounted an aggressive exploration campaign in 2010 focused on the 270,000-acre, or 112,033-hectare, Angilak Project. Kivalliq, the first company in Canada to sign a comprehensive agreement with the Inuit to explore for uranium on Inuit owned lands in Nunavut, is exploring the historic Lac Cinquante uranium deposit. Reported...

  • 2010 Mining Explorers: Merc International Minerals Inc.

    Updated Oct 31, 2010

    MRK: TSX-V Interim CEO: David Wiley Chief Financial Officer: Michael G. Leskovec Merc International Minerals Inc. focuses on precious metal projects with historic resource estimates that could be enhanced through both modern-day exploration and dramatically higher gold-silver prices. In early 2010, the junior raised about C$3 million to fund its 2010 winter exploration program on ongoing exploration of the Damoti Lake Gold Project located 200 kilometers, or 124 miles, north of Yellowknife, Northwest Territories. Merc...

  • 2010 Mining Explorers: MMG

    Updated Oct 31, 2010

    Chief Executive Officer: Andrew Michelmore Executive Director: Mark Liu President, MMG Canada: Martin McFarlane The MMG group of businesses is owned by China Minmetals Non-ferrous Co., Ltd, a division of China Minmetals Corp., which is one of the largest state-owned enterprises in the People's Republic of China and ranked No. 412 on the Fortune Global 500 list in 2008. In Nunavut, MMG is exploring 2,000 square kilometers of granted tenements that surround the High Lake and Izok Lake projects early stage nickel-copper...

  • 2010 Mining Explorers: Mountain Boy Minerals Ltd.

    Updated Oct 31, 2010

    MTB: TSX-V President and CEO: Frank Kamermans Director: Edward Kruchkowski, P. Geo, P. Geol. Mountain Boy Minerals Ltd. is a Canadian mineral exploration company focused on mineral prospects in north-central British Columbia near Stewart, B.C. Mountain Boy owns a 49 percent interest in the Silver Coin mineral claims (19 percent is optioned to Pinnacle Mines Ltd.), a 26.95 percent interest in the Indi mineral claims and a 29.4 percent interest in the Kansas mineral claims. These 26 contiguous claims cover 1,255 hectares and...

  • 2010 Mining Explorers: Newmont Mining Corp. of Canada Ltd.

    Updated Oct 31, 2010

    NMC: TSX Chairman and CEO: Richard O'Brien Executive Vice President, Discovery and Development: Guy Lansdown Vice President, Generative Exploration: Grigore Simon Newmont Mining Corp. of Canada Ltd. is a subsidiary of Denver-based Newmont Mining Corp., one of the world's largest gold producers and the only gold mining company included in the S&P 500 Index and Fortune 500. Newmont acquired one of the largest undeveloped greenstones in North America in 2008 from Miramar Mining Ltd. and has worked since to advance exploration at...

  • 2010 Mining Explorers: Niblack Mineral Development Inc.

    Updated Oct 31, 2010

    NIB: TSX-V President and CEO: John Williamson Chairman: John Robins Vice President, Exploration: Peter Kleespies The principle asset of Niblack Mineral Development Inc. (formerly CBR Gold Corp) is the Niblack copper-gold-zinc-silver project on Prince of Wales Island in Southeast Alaska. Heatherdale Resources Ltd., (see Heatherdale Resources) a subsidiary of Hunter Dickinson Inc. (see Hunter Dickinson), joined Niblack Mineral Development in 2009 to advance exploration at the precious metals-rich volcanic massive sulfide...

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