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Articles from the November 2, 2014 edition


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  • Mining Explorers 2014: Colorado Resources Ltd.

    Updated Nov 2, 2014

    CXO: TSX-V President and CEO: Adam Travis Executive Chairman: Larry Nagy Vice President, Exploration: Greg Dawson Colorado Resources Ltd. had drills turning two copper-gold properties in northern British Columbia and geologists identifying targets for potential future drilling at a third. In January, Colorado reported the result of an inaugural NI 43-101-compliant resource estimate for its North ROK project located 15 kilometers (nine miles) northwest of Imperial Metals' Red Chris copper-gold mine project. At a 0.20 percent...

  • Mining Explorers 2014: Dolly Varden Silver Corp.

    Updated Nov 2, 2014

    DV: TSX-V President and CEO: George Heard Chairman: John King Burns Vice President, Exploration: Ron Nichols Dolly Varden Silver Corp. started 2014 by prioritizing drill-ready targets at the company's Dolly Varden property, located 26 road-kilometers (16 miles) from the community of Alice Arm in northwestern British Columbia. An early season geophysical program helped identify targets within three corridors: Torbrit-Red Point, an Eskay-Creek style target; Musketeer, which has numerous silver-rich epithermal vein-type...

  • Mining Explorers 2014: Dominion Diamond Corp.

    Updated Nov 2, 2014

    DDC: TSX / NYSE Chairman and CEO: Robert Gannicott Chief Operating Officer: Chantal Lavoie Executive Vice President, Community Affairs: Brendan Bell Dominion Diamond Corporation mines rough diamonds at the Ekati and Diavik mines, both located in Northwest Territories about 300 kilometers (190 miles) north of Yellowknife. The company operates the Ekati Diamond Mine through an 80 percent ownership of the project's Core zone as well as a 58.8 percent ownership in the Buffer zone. In July, Dominion Diamond Corp. announced that th...

  • Mining Explorers 2014: Freegold Ventures Ltd.

    Updated Nov 2, 2014

    TSX: FVL President and CEO: Kristina Walcott Vice President, Exploration and Development: Alvin Jackson Freegold Ventures Ltd. has a portfolio of four gold exploration properties in Alaska. In recent years, the company has focused its exploration primarily on Golden Summit, a 6-million-ounce bulk-tonnage gold project located roughly 20 miles (32 kilometers) northeast of Fairbanks and four miles (seven kilometers) from Kinross Gold Corp.'s Fort Knox Mine. The Dolphin-Cleary zone at Golden Summit has an indicated resource of...

  • Mining Explorers 2014: Graphite One Resources Inc.

    Updated Nov 2, 2014

    GPH: TSX.V Executive Chairman: Doug Smith President and CEO: Anthony Huston General Manager, Operations: David Hembree Graphite One Resources Inc. is focused on advancing the Graphite Creek project in western Alaska to production as quickly as possible. Over the previous two years, the company has drilled 28 holes which have resulted in an inferred resource of 186.9 million metric tons grading 5.5 percent graphite. The current deposit represents drilling along less than 30 percent of an 18-kilometer- (11.2 miles) long...

  • Mining Explorers 2014: Hecla Mining Company

    Updated Nov 2, 2014

    HL: NYSE President and CEO: Phillips Baker Jr. Chairman: Ted Crumley Senior VP, Exploration: Dean McDonald Idaho-based Hecla Mining Co. is the largest primary silver producer in the United States and is a growing gold producer. The company operates the Greens Greek silver mine in Southeast Alaska, the Lucky Friday silver mine in Idaho and the Casa Berardi gold mine in Quebec. Hecla planned to invest US$21 million for exploration and pre-development in 2014. This spending is focused primarily at its three operations and San Se...

  • Mining Explorers 2014: Kinross Gold Corp.

    Updated Nov 2, 2014

    KGC: NYSE / K.TO: TSX Chairman: John Oliver Chief Executive Officer: Paul Rollison Chief Operating Officer: Warwick Morley-Jepson Kinross Gold Corp. continues to carry out robust exploration at and around its Fort Knox gold mine in Interior Alaska, while quietly investigating other prospects around the state. When Kinross began mining at Fort Knox in 1996, the deposit had 4.1 million ounces of proven and probable gold reserves; going into 2014 the mine continues to boast 2.86 million ounces of gold contained in 183.11...

  • Mining Explorers 2014: Manson Creek Resources Ltd.

    Updated Nov 2, 2014

    MCK: TSX.V President: Jean Pierre Jutras Chief Financial Officer: Douglas Porter Secretary: Barbara O'Neill Manson Creek Resources Ltd. holds a portfolio of early-stage mineral exploration projects in Yukon Territory, Northwest Territories and British Columbia. The company's primary focus in 2014 is its Guaman project (Tell property), located about 140 kilometers (87 miles) northeast of Mayo, YT. Manson Creek staked the Tell property in 2002 but has only carried out three short field programs on the property. Surface...

  • Mining Explorers 2014: Millrock Resources Inc.

    Updated Nov 2, 2014

    MRO: TSX.V President and CEO: Gregory Beischer Chief Exploration Officer: Philip St. George Executive Vice President: Sarah Whicker Millrock Resources Inc. identifies and acquires grassroots mineral prospects and then seeks joint venture partners to help fund the exploration. This project generator model lessens the company's need to raise money in the markets, minimizes the risks involved with grassroots exploration and exposes shareholders to a large amount of exploration expenditure per dollar invested. Since its...

  • Mining Explorers 2014: MMG Ltd.

    Updated Nov 2, 2014

    HKG: 1208 Chief Executive Officer: Andrew Michelmore Executive General Manager, Exploration: Steve Ryan Principal Geologist, Americas: Katherine Smuk Headquartered in Melbourne and listed on the Hong Kong Stock Exchange, MMG Ltd. continues to advance its Izok Corridor and Hood zinc-copper projects in Nunavut and to complete early-stage exploration at its Nikolai nickel project in Alaska. The Izok Corridor project includes the High Lake and Izok volcanogenic massive sulfide deposits. Izok has a mineral resource of 15 million...

  • Mining Explorers 2014: Mountain Province Diamonds Inc.

    Updated Nov 2, 2014

    MPV: TSX / MDM: NYSE Chairman: Jonathan Comerford President and CEO: Patrick Evans Mountain Province Diamonds Inc. is an exploration company hoping to transition to diamond miner upon a 2016 start-up at the Gahcho Kué project located about 300 kilometers (186 miles) northeast of Yellowknife, Northwest Territories. Gahcho Kué, a joint venture between De Beers Canada (51 percent) and Mountain Province Diamonds (49 percent), is anticipated to produce 53.4 million carats of diamonds over a 12-year mine-life, according to an u...

  • Mining Explorers 2014: Nighthawk Gold Corp.

    Updated Nov 2, 2014

    NHK: TSX.V Chief Executive Officer: David Wiley Chief Geologist: Michael Byron Nighthawk Gold Corp. budgeted C$7.5 million for a 2014 exploration program at its 229,791-acre (92,993 hectares) Indin Lake gold property, located 220 kilometers (137 miles) north of Yellowknife, Northwest Territories. This large land package blankets a number of gold deposits, including the historical Colomac open pit mine, which produced 527,908 ounces of gold during the 1990s. The Colomac portion of the larger Indin Lake property hosts five...

  • Mining Explorers 2014: North Arrow Minerals Inc.

    Updated Nov 2, 2014

    NAR: TSX.V Chairman: D. Grenville Thomas President and CEO: Ken Armstrong Advisor: Eira Thomas North Arrow Minerals Inc. has seven diamond exploration projects in Canada - Qilalugaq, Mel and Luxx in Nunavut; Lac de Gras and Redemption in Northwest Territories; Pikoo in Saskatchewan; and Timiskaming in Ontario. Located on the Melville Peninsula, Qilalugaq encompasses Q1-4, considered to be the largest known kimberlite in the eastern Canadian Arctic. In 2013, North Arrow confirmed an inferred resource for the Q1-4 kimberlite...

  • Mining Explorers 2014: Northquest Ltd.

    Updated Nov 2, 2014

    NQ: TSX.V CEO: Jon North Chief Financial Officer: Carmelo Marrelli Vice President, Exploration: Dwayne Car Northquest Ltd. is focused on seeking gold and other metals in geological terranes that have not reached geological maturity, such as its Pistol Bay gold project in Nunavut. This 861-square-kilometer (332 square miles) property covers 90 kilometers (55 miles) of the Pistol Bay Trend, a west-trending series of surface gold occurrences and zones that runs parallel to, and 80 kilometers (50 miles) south of, the Meliadine...

  • Mining Explorers 2014: NovaCopper Inc.

    Updated Nov 2, 2014

    NCQ: NYSE/TSX Chairman: Thomas Kaplan President and CEO: Rick Van Nieuwenhuyse Project Manager, Upper Kobuk Mineral Project: Scott Petsel NovaCopper Inc. has nearly reached its preliminary goal of defining 10 billion pounds of high-grade copper at the Upper Kobuk Mineral Projects, a long-term partnership between NovaCopper and NANA Regional Corp. The alliance combines Bornite and a number of other mineral prospects on NANA-owned lands with the world-class Arctic deposit and dozens of similar volcanogenic massive sulfide...

  • Mining Explorers 2014: NovaGold Resources Inc.

    Updated Nov 2, 2014

    NG: TSX / NG: NYSE-MKT Chairman: Thomas Kaplan President and CEO: Gregory Lang Senior Advisor to President: Gil Leathley With its attention focused primarily on advancing Donlin Gold through the permitting process, Novagold Resources Ltd. dialed back its exploration in 2014. In January, the company released results from a 2013 drill program focused on assessing the extent of the recently discovered Legacy zone at its 50 percent owned Galore Creek copper-gold project in northwestern British Columbia. This program included 22...

  • Mining Explorers 2014: Peregrine Diamonds Ltd.

    Updated Nov 2, 2014

    PGD: TSX Chairman and CEO: Eric Friedland President: Brooke Clements Chief Geoscientist: Jennifer Pell Peregrine Diamonds Ltd. focused its 2014 exploration on readying promising kimberlites at its Chidliak diamond project for bulk sampling in 2015. Since 2008, more than 67 kimberlites have been found on the 748,000-hectare (1.85 million acres) Chidliak property, eight of which are considered to be potentially economic. In May, Peregrine announced a maiden NI 43-101-compliant inferred resource of 2.9 million metric tons...

  • Mining Explorers 2014: Pretium Resources Inc.

    Updated Nov 2, 2014

    PVG: TSX President and CEO: Robert Quartermain Chief Development Officer: Joseph Ovsenek, Chief Exploration Officer: Kenneth McNaughton Pretium Resources Inc. is focused on reaching commercial production at its high-grade Brucejack gold-silver project by 2016. Located 65 kilometers (40 miles) north-northwest of Stewart, B.C is part of a largely unexplored land package of more than 103,000 hectares (254,518 acres). The Valley of the Kings deposit at Brucejack contains 15.3 million metric tons of measured and indicated...

  • Mining Explorers 2014: Rockhaven Resources Ltd.

    Updated Nov 2, 2014

    RK: TSX.V Chief Executive Officer: Matthew Turner President: Rob Carne Chief Operating Officer: Ian Talbot Rockhaven Resources Ltd. released a steady stream of high-grade gold and silver assays from drilling at the Western BRX zone of its Klaza property in southern Yukon Territory over the 2014 field season. As a result of raising an additional C$1.245 million through an exercise of warrants at the end of July, Rockhaven increased it originally planned 12,000-meter drill program at Klaza to 21,000 meters. The Western BRX...

  • Mining Explorers 2014: Sabina Gold & Silver Corp.

    Updated Nov 2, 2014

    SBB: TSX President and CEO: Robert Pease Vice President, Project Development: Wes Carson Vice-President, Exploration: Angus Campbell With the goal of evolving from an exploration company to mid-tier gold producer, Sabina Gold & Silver Corp. budgeted C$23 million for the 2014 field program at its Back River gold project in western Nunavut. The primary objective of the 2014 work program was to complete definition and expansion drilling at Echo, one of four deposits that comprise mineral resources at the Goose Property and is...

  • Mining Explorers 2014: Selwyn Chihong Mining Ltd.

    Updated Nov 2, 2014

    Chief Executive Officer: Richard Li Exploration Manager: Jelle De Bruyckere Selwyn Chihong Mining Ltd.., a Canadian subsidiary of Yunnan Chihong Zinc & Germanium Co. Ltd., is marching the Selwyn zinc-lead project in western Yukon Territory towards production. Yunnan Chihong Zinc & Germanium formed a joint venture with Selwyn Resources Ltd. on the project in 2009. The southern China-based mining and smelting company subsequently invested C$100 million to earn a 50 percent interest in Selwyn and then bought the other half of...

  • Mining Explorers 2014: Stone Boy Inc.

    Updated Nov 2, 2014

    Sumitomo Metal Mining (95 percent), Sumitomo Corp. (5 percent) Stone Boy Inc., owned by subsidiaries of Sumitomo Metal Mining (95 percent) and Sumitomo Corp. (5 percent), continues to seek high-grade gold on claims in the area of the Pogo gold mine in Interior Alaska. The Stone Boy partners have been exploring the larger Pogo district since 1991. This includes recent drilling on the Monte Cristo property, located roughly 40 miles (65 kilometers) west of Sumitomo Metal Mining's Pogo gold mine, and the Ink claims, situated a...

  • Mining Explorers 2014: Teck Resources Ltd.

    Updated Nov 2, 2014

    TCK: NYSE / TCK.B: TSX Chairman: Norman Keevil President and CEO: Don Lindsay Vice President, Exploration: Alex Christopher Teck Resources Ltd. continued robust zinc exploration in Alaska and British Columbia, while dialing back expenditures at many of its copper exploration and development projects during 2014. The discovery and delineation of high-grade deposits near its Red Dog Mine in Northwest Alaska continues to be a primary focus of Teck's zinc exploration. Going into 2014, Red Dog had 45.4 million metric tons of ore...

  • Mining Explorers 2014: TerraX Minerals Inc.

    Updated Nov 2, 2014

    TXR: TSX.V President and CEO: Joseph Campbell Vice President, Exploration: Tom Setterfield Chief Financial Officer: Stuart Rogers TerraX Minerals Inc. is focused on exploration of its Yellowknife City Gold Project, a 93.5-square-kilometer (36.1 square miles) land package immediately north of the Northwest Territories capital. The property consists of five claim groups that TerraX has assembled since early 2013. The company's 2014 exploration focused on the Northbelt property, which covers 13 kilometers (eight miles) of...

  • Mining Explorers 2014: TMAC Resources Inc.

    Updated Nov 2, 2014

    Executive Chairman: Terry MacGibbon Chief Executive Officer: Catharine Farrow Vice President, Exploration and Geoscience: Dave King TMAC Resources Inc. is a privately held, Canadian-based mineral exploration focused solely on the exploration, development and mining of its Hope Bay gold project in the Kitikmeot region of Nunavut. TMAC acquired the Hope Bay project from Newmont Mining Corp. in 2013. The project blankets most of the 80-kilometer- (50 miles) long Hope Bay greenstone belt, located within the Bathurst structural...

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