Sunday 28th May 2017

Resource Clips


Posts tagged ‘chromium’

Kapuskasing targets zinc past-producer to bolster Newfoundland presence

May 18th, 2017

by Greg Klein | May 18, 2017

A former zinc mine with potential for another discovery would expand Kapuskasing Gold’s (TSXV:KAP) portfolio of Newfoundland prospects for high-performing metals. Under a non-binding letter of intent announced May 18, the company would get the 1,050-hectare Daniel’s Harbour property on the Rock’s Great Northern Peninsula.

The announcement follows a recent acquisition of proximal claims by Altius Minerals TSX:ALS, but the former mine sits on property covered by the Kapuskasing deal.

Kapuskasing targets zinc past-producer to bolster Newfoundland presence

In operation from 1975 to 1990, Daniel’s Harbour produced around seven million tonnes averaging 7.8% zinc. A chief characteristic was the mine’s Mississippi Valley Type deposit, a kind that characteristically occurs in clusters or districts, Kapuskasing stated. “There remains potential in the area of the old mine workings of the historic ore bodies continuing at depth or along the favourable breccia horizon,” the company added.

Subject to due diligence and approvals, the 100% acquisition calls for $60,000, 1.75 million shares and $100,000 of spending within two years. A 3% NSR applies, two-thirds of which can be bought back for $2 million. Should Kapuskasing define a resource of five million tonnes at a grade to be determined, the vendor gets a $50,000 bonus.

The news comes amid a busy few months as Kapuskasing collects properties in Newfoundland and Labrador. The company began in March with the acquisition of eight properties offering potential for copper, cobalt or vanadium. Among the standouts is Lady Pond, which an LOI announced last week would expand to 1,625 hectares covering historic mine workings. Surface grab samples graded up to 3.3% copper, 0.12% cobalt and 813 ppb gold.

While previous operators focused on copper, Kapuskasing sees potential for other metals including cobalt. The company has drilling planned later this year.

Another recently expanded March acquisition is King’s Court, now 2,275 hectares covering at least 10 copper showings at surface. Historic channel samples included 14% copper over three metres, 9.3% over 10 metres, 19% over 2.13 metres and 15.87% over 2.59 metres, along with cobalt samples up to 0.24%. The company has sent a 4.79-metre section of drill core to be re-assayed for cobalt and other elements.

Additional acquisitions bring with them historic, non-43-101 results:

  • Alexis, with grab samples up to 0.422% nickel and 0.822% cobalt

  • Cape Charles, with grab samples up to 1.12% copper, 0.47% nickel and 0.526% cobalt

  • Hayes, with a reported 27,000 tonnes averaging 54% iron, 9% titanium and 0.2% vanadium

  • Indian Head, with two dormant mines and iron-titanium-vanadium mineralization

  • Iron Mountain, with grab samples up to 39.8% iron and 0.26% vanadium

  • Ross Lake, with drill intercepts of 21.49% titanium dioxide, 0.24% vanadium and 0.16% chromium oxide over 13 metres; as well as 15.9% titanium dioxide, 0.2% vanadium and 0.13% chromium oxide over 11 metres

Again, those are historic, non-43-101 results.

With Daniel’s Harbour and Lady Pond as dual flagships, Kapuskasing has a busy year planned. Last month the company offered private placements totalling up to $750,000, including up to $250,000 in flow-through.

King’s Bay flies geophysics over Labrador copper-cobalt project

February 28th, 2017

by Greg Klein | February 28, 2017

Following a 12-fold expansion of the property last month, King’s Bay Gold TSXV:KBG announced a VTEM survey now airborne on the Lynx Lake copper-cobalt project in southeastern Labrador. Survey operator Geotech Ltd says its proprietary system reaches more than 800 metres in depth, featuring high spatial resolution as well as a low base frequency to pass through conductive overburden. “This system is advertised to be able to delineate potential drill hole targets from the airborne results,” King’s Bay stated. The survey’s expected to wrap up by mid-April.

King’s Bay flies geophysics over Labrador copper-cobalt project

Field work revealed gossan and
massive sulphides at Lynx Lake.

Lynx Lake’s potential came to light after the Trans-Labrador Highway opened up the region in 2008. Grab samples from the 24,000-hectare property’s east side showed non-43-101 results up to 1.39% copper, 0.94% cobalt, 0.21% nickel and 6.5 g/t silver. On the west side, non-43-101 grab samples assayed up to 1.03% copper, 0.566% cobalt, 0.1% nickel, 5 g/t silver, 0.36% chromium, 0.39% molybdenum and 0.23% vanadium.

A regional low-res magnetic survey conducted by the province and a hand-held EM device brought preliminary indications of strong conductors in the area. A 90-minute drive from the town of Happy Valley-Goose Bay, Lynx Lake has powerlines and a highway adjacent to the property.

Two weeks earlier King’s Bay announced a 100% option on the Trump Island property in Newfoundland, where a shipment of high-grade copper-cobalt material was reportedly mined in 1863. In early February the company picked up three Quebec properties, all of which had historic, non-43-101 sampling results showing cobalt.

King’s Bay closed a $938,752 private placement in January.

See an infographic: Cobalt—A precarious supply chain.

As cobalt prices soar, King’s Bay expands prospects with Newfoundland acquisition

February 16th, 2017

by Greg Klein | February 16, 2017

A name and a commodity that are both objects of feverish attention seem to meet up in Newfoundland, where King’s Bay Gold TSXV:KBG has acquired the Trump Island copper-cobalt property. A 100% option announced February 16 expands the company’s cobalt prospects in Newfoundland, Labrador and Quebec.

Back in 1863 a Cornish miner sunk a six-metre shaft to follow a zone of massive chalcopyrite. He reportedly sent a shipment of high-grade copper-cobalt ore to Wales.

King’s Bay expands cobalt prospects with Newfoundland acquisition

Grab samples collected nearby in 1999 brought historic, non-43-101 results up to 3.8% copper, 0.3% cobalt, 2.9 g/t gold and 10.9 g/t silver.

The initial King’s Bay agenda would call for additional sampling, along with mapping and a local-scale electromagnetic survey on the 200-hectare property. Successful results could bring a summer drill campaign.

Subject to approvals, King’s Bay gets Trump Island for 200,000 shares at a deemed value of $0.195 and a 2% NSR.

The boat-accessible property sits seven kilometres south of Twillingate, a town immortalized in Newfoundland’s unofficial national anthem.

In Labrador, meanwhile, King’s Bay has airborne EM planned for its Lynx Lake copper-cobalt project, where grab samples have shown non-43-101 results up to 1.39% copper, 0.94% cobalt and 0.21% nickel, as well as chromium, molybdenum and vanadium values. Last month the company expanded Lynx Lake from about 2,000 hectares to approximately 24,000 hectares.

Earlier this month King’s Bay picked up three cobalt projects in Quebec. The company closed a $938,752 private placement in January.

The acquisitions come as cobalt prices continue their meteoric rise, hitting six-year highs up to $20 a pound, reported MetalBulletin.com. That represents an approximately 50% increase since September, according to Reuters. Stating that many traders are hoarding the metal, Reuters predicted a supply deficit this year “exacerbated by an insecure supply chain. Almost 60% of the world’s cobalt lies in politically risky Democratic Republic of Congo.”

See an infographic about cobalt.

King’s Bay Gold acquires three Quebec cobalt projects

February 6th, 2017

by Greg Klein | February 6, 2017

A metal facing rising prices and supply-side risk, cobalt has drawn King’s Bay Gold TSXV:KBG to three new properties in Quebec. Previous work has shown cobalt on each acquisition.

King’s Bay Gold acquires three Quebec cobalt projects

Northeast of the Hudson Bay coast, the 875-hectare Ninuk Lake project underwent surface sampling, mapping and electromagnetics by Falconbridge in 2001. Samples from massive sulphides in outcrop found historic, non-43-101 results up to 2.6% nickel, 1.8% copper and 0.27% cobalt. Falconbridge neglected to follow up due to other discoveries that year, King’s Bay stated.

A northwestern Quebec property, the 418-hectare Broadback River project revealed several large conductors through airborne surveys in 1985. Sampling by Falconbridge from 1999 to 2000 showed historic, non-43-101 results up to 0.7% nickel, 0.3% copper and 0.09% cobalt. Drilling tested the property’s northwestern area but not the southeastern conductors.

South of Quebec City, the 179-hectare Roberge project has undergone soil sampling with historic, non-43-101 results up to 1.06% cobalt.

Now compiling data from the properties, King’s Bay plans a spring program of mapping and sampling to confirm the historic results.

Last month the company closed its acquisition of the 24,000-hectare Lynx Lake copper-cobalt project in south-central Labrador, which has airborne EM planned. Grab samples from the property’s east side brought non-43-101 results up to 1.39% copper, 0.94% cobalt, 0.21% nickel and 6.5 g/t silver. Grab samples on the west side showed non-43-101 results up to 1.03% copper, 0.566% cobalt, 0.1% nickel, 5 g/t silver, 0.36% chromium, 0.39% molybdenum and 0.23% vanadium.

King’s Bay closed a $938,752 private placement in January.

See an infographic about cobalt.

Updated: Financing, permitting, 12-fold expansion bring King’s Bay closer to Labrador copper-cobalt exploration

January 17th, 2017

by Greg Klein | January 15, 2017

Update: On January 17, King’s Bay announced the expansion of its Lynx Lake property from about 2,000 hectares to approximately 24,000 hectares “to adequately cover the geological structures and geophysical signatures of interest.”

 

With a provincial permit in hand and a $938,752 private placement that closed earlier this month, King’s Bay Gold TSXV:KBG readies for airborne EM over its Lynx Lake copper-cobalt project in south-central Labrador. The survey will precede a proposed first-ever drill program for the property.

Financing, permitting bring King’s Bay closer to Labrador copper-cobalt exploration

Previous work began after construction of the Trans-Labrador Highway in 2008, which unlocked some of the region’s geology. Grab samples from a quarry on the property’s east side showed non-43-101 results up to 1.39% copper, 0.94% cobalt, 0.21% nickel and 6.5 g/t silver. Other non-43-101 grab sample results from a west-side quarry ranged up to 1.03% copper, 0.566% cobalt, 0.1% nickel, 5 g/t silver, 0.36% chromium, 0.39% molybdenum and 0.23% vanadium.

Preliminary evidence of strong conductors in the area came from the province’s regional low-res magnetic surveys and a hand-held EM-16 device.

With highway and powerlines running adjacent to the property, Lynx Lake can be reached by a 1.5-hour drive from the town of Happy Valley-Goose Bay.

Cobalt, one of the energy metals essential to battery manufacture, presents especially troubling supply concerns due to the instability and human rights infractions of the metal’s largest producer, the Democratic Republic of Congo. See an infographic about cobalt’s precarious supply chain.

King’s Bay Gold to acquire never-drilled copper-cobalt property in Labrador

October 28th, 2016

by Greg Klein | October 28, 2016

An intriguing chance find has King’s Bay Gold TSXV:KBG hoping the Trans-Labrador Highway will be a road to discovery. That’s the story behind the company’s October 27 announcement of a definitive agreement to acquire the Lynx Lake copper-cobalt property in south-central Labrador.

King’s Bay Gold to acquire never-drilled copper-cobalt property in Labrador

Powerlines and the Trans-Labrador Highway
run adjacent to the Lynx Lake copper-cobalt property.

As Newfoundland was building the highway in 2008, a provincial contractor with prospecting experience noticed evidence of disseminated and massive sulphides, King’s Bay geologist/director Nick Rodway explains. Some geological sleuthing eventually drew the contractor to the property’s east side, where a quarry had been blasted for aggregate.

Grab samples assayed the following year showed non-43-101 results up to 1.39% copper, 0.94% cobalt, 0.21% nickel and 6.5 g/t silver. Regional low-res magnetic surveys undertaken by the province and preliminary work in 2014 with a hand-held EM-16 device suggest strong conductors underlying the area.

Grab samples taken on the property’s west side in 2015 brought non-43-101 results up to 1.03% copper, 0.566% cobalt, 0.1% nickel, 5 g/t silver, 0.36% chromium, 0.39% molybdenum and 0.23% vanadium.

With a team returning to Lynx Lake next week, King’s Bay intends to conduct a sampling program to bring 43-101 results, along with further EM-16 surveys. Should all go to plan, airborne geophysics could follow this winter.

Open to year-round work, highway-accessible and with adjacent powerlines, the 20-square-kilometre property sits about 100 kilometres southeast of the town of Happy Valley-Goose Bay.

Subject to approvals, the acquisition costs King’s Bay $100,000 over three years and 900,000 shares over two years. On October 27 the company also announced a private placement of up to $1 million.

The news comes amid growing concerns over future cobalt supply. Nearly 60% of global production comes from the Democratic Republic of Congo, a country rife with political instability and conflict mining.

At the same time increased demand comes from “the energy storage revolution,” reports Benchmark Mineral Intelligence. Its data shows “2015 total global supply at 100,000 tpa, of this the battery market consumed 48,000 tpa.

“With a lithium-ion battery production surge well underway—and Benchmark recently revising its megafactories tracker to now 14 that are under construction ranging from three- to 35-GWh capacity—lithium-ion battery demand for cobalt is set to exceed 100,000 tpa by 2020.”

KWG promotes its own legislation for Ring of Fire development

June 2nd, 2014

by Greg Klein | June 2, 2014

With Ontario’s Ring of Fire subject to competing development proposals, KWG Resources TSXV:KWG has taken an unusual approach to sell its vision for the resource-rich region. The company has drafted its own proposed legislation, which it’s promoting to provincial election candidates and voters through a social media campaign.

Ontario elects a new government on June 12. Among the issues is the Ring of Fire, the infrastructure-less region that’s touted as containing mineral potential worth $60 billion, if not hundreds of billions. Other rough estimates thrown around by stakeholders and media say the region needs over $2 billion of initial development before mine development can be viable. The incumbent Liberals have so far pledged $1 billion. But with little agreement among stakeholders on how—or whether—to develop the region, KWG says it’s “happy to take a leadership role that helps end the political gridlock.”

KWG promotes its own legislation for Ring of Fire development

Not surprisingly, a railway is central to KWG’s plan. While the company has advocated a north-south rail link, Noront Resources TSXV:NOT has called for an east-west road. Before Cliffs Natural Resources NYE:CLF suspended its Black Thor project last November, that company had conditional provincial support for a north-south road.

But to push its plan, KWG now takes a shot at the northern development corporation that Ontario created to co-ordinate and advise on the Ring of Fire. “Ontario already has a northern development corporation,” the company states. “It is the Ontario Northland Transportation Commission.” Helpfully, “the principal operating asset of the ONTC is the Ontario Northland [railway].”

KWG sees the railway revitalized by revenue from hauling the region’s chromite, nickel and other valuable minerals. “If the ONTC were made into a non-share capital corporation similar to Canada’s port and airport authorities, it could be governed by the northern residents of Ontario whose communities it serves,” including native bands, the company emphasized. The ONTC could then raise money in capital markets, enabling development “with the necessary social licence together with the discipline of the capital markets, rather than from the public purse.”

KWG encourages people to sign an online petition, contact candidates and distribute the company’s pitch through social media.

Through its subsidiary Canada Chrome Corp, KWG holds a 330-kilometre line of mining claims from the region to rail and road infrastructure to the south. Canada Chrome has spent $15 million on a surveying and soil testing program for the engineering and construction of a railway. The mining claims were the subject of a legal dispute with Cliffs, which wanted to build an all-weather road through much of the same route before the company suspended its Ring of Fire project.

See KWG’s online petition, an overview of its proposal or the entire bill.

Read more about Ring of Fire transportation proposals.

Read an April 1 commentary about the Ring of Fire.

EU names six new critical materials, warns of industry challenges

May 26th, 2014

by Greg Klein | May 26, 2014

Six new critical raw materials bring the European Commission’s list up to 20, posing a “major challenge for EU industry,” the EC announced May 26. An update to the original 2011 collection, the set now includes borates, chromium, coking coal, magnesite, phosphate rock and silicon metal. No longer included is tantalum, now considered to have a lower supply risk. The division of rare earths into two categories, light and heavy, brings the total to 20 materials:

Raw materials are everywhere—just consider your smartphone. It might contain up to 50 different metals, all of which help to give it its light weight and user-friendly small size. Key economic sectors in Europe—such as automotive, aerospace and renewable energy—are highly dependent on raw materials. These raw materials represent the lifeblood of today’s industry and are fundamental for the development of environmental technologies and the digital agenda.—EC Enterprise and Industry

  • antimony
  • beryllium
  • borates
  • chromium
  • cobalt
  • coking coal
  • fluorspar
  • gallium
  • germanium
  • graphite (natural)
  • indium
  • magnesite
  • magnesium
  • niobium
  • phosphate rock
  • platinum group metals
  • rare earths (heavy)
  • rare earths (light)
  • silicon metal
  • tungsten

With 54 candidates considered, materials were evaluated largely on two criteria, economic importance and supply risk. Economic importance was determined by “assessing the proportion of each material associated with industrial megasectors” and their importance to the EU’s GDP.

Supply risk was assessed through the World Governance Indicator, which considers factors “such as voice and accountability, political stability and absence of violence, government effectiveness, regulatory quality, rule of law or control of corruption.”

Not surprisingly, the report names China as the biggest global supplier of the 20. “Several other countries have dominant supplies of specific raw materials, such as Brazil (niobium). Supply of other materials, for example platinum group metals and borates, is more diverse but is still concentrated. The risks associated with this concentration of production are in many cases compounded by low substitutability and low recycling rates.” About 90% of the critical materials’ primary supply comes from outside the EU.

The commission hopes its list will encourage European production of the materials. The list will also be considered when negotiating trade agreements and promoting R&D, as well as by companies evaluating their own supplies.

As for the future, the EC sees growing demand for all 20 critical raw materials, “with niobium, gallium and heavy rare earth elements forecast to have the strongest rates of demand growth, exceeding 8% per year for the rest of the decade.”

The commission adds that “all raw materials, even when not critical, are important for the European economy” and therefore should not be neglected.

The EC intends to update its list at least every three years.

Download the EU report on critical raw materials.

Indonesia ban rocks nickel market

January 13th, 2014

by Frik Els | January 12, 2014 | Reprinted by permission of MINING.com

Indonesia rocked the mining world on January 12, putting into effect an outright ban on nickel, bauxite and tin ore exports.

The Asian nation is the world’s premier thermal coal and tin exporter and is also a gold and copper powerhouse, but the ban on nickel and bauxite ore would have the most dramatic effect on markets.

Last week Indonesian energy and resource ministry officials scrambled to ease provisions of the raw mineral export prohibition that President Susilo Bambang Yudhoyono signed into law on January 12, the most controversial decision of his 10-year presidency.

Indonesia dominates the nickel export business, accounting for over a fifth of global supply at an estimated 400,000 tonnes of contained metal. Chinese nickel pig iron producers imported more than 30 million tonnes of nickel ore from Indonesia last year and China’s aluminium smelters rely on Indonesia for 20% of their feedstock.

According to the latest rules under the ban, base metals including copper, manganese, lead, zinc and tin will be allowed to be exported in concentrate until 2017.

This benefits producers like Freeport-McMoRan Copper & Gold NYE:FCX, which operates the world’s third-largest copper mine at Grasberg in the West Papua province and warned about a 60% drop in output should copper form part of the ban. Phoenix-based Freeport-McMoRan and Newmont Mining NYE:NEM together account for 97% of Indonesia’s copper exports.

[The ban] is the biggest supply risk facing base metals in a long time. The market has been very complacent, thinking the Indonesians would backtrack.

However against expectations of a last-minute climbdown by authorities, the nickel and bauxite ore ban, as well as the prohibition of unprocessed exports of tin, chromium, gold and silver, went into effect January 12.

FT.com quoted Gayle Berry, base metals analyst at UK bank Barclays earlier as saying the ban “is the biggest supply risk facing base metals in a long time. The market has been very complacent, thinking the Indonesians would backtrack.”

Privately owned Ibris Nickel last week announced it will cease operations in Indonesia, laying off 1,400 workers at its two-million-tonne-per-year mine. The nickel industry employs some 200,000 Indonesians across hundreds of small-scale operations.

Reuters reports the Indonesian Mineral Entrepreneurs Association said it planned to challenge the ban in the Supreme Court and Constitutional Court while almost 30,000 mine workers have been laid off, sparking protest in the capital Jakarta:

“We call on all mining workers to prepare to go on the streets and swarm the presidential palace if the government goes ahead with the implementation of the ban,” said Juan Forti Silalahi of the National Mine Workers Union in a statement on January 11.

So far the price of nickel has not reacted in a big way to the looming ban, but now all bets are off.

 

 

Three-months nickel on the LME retreated more than 20% in 2013 from opening levels of $17,450 and, after hitting a high of $18,700 in February, dropped to a four-year low in October amid an oversupplied market.

After a brief uptick in December to over $14,200, the steelmaking raw material last week fell back to the mid-$13,000s and on January 10 the contract closed at $13,725.

Even without the Indonesian ban, the prospects for nickel aren’t rosy.

Global output is forecast to rise for the first time to over two million tonnes in 2015. That’s up from 1.4 million tonnes in 2007.

Stockpiling of ore and metal in anticipation of Indonesian disruptions and the inexorable rise of nickel warehouse levels over the past two years—hitting a record 260,000 tonnes last week—have also kept prices subdued.

 

 

Indonesia, with a population of 240 million, goes to the polls for parliamentary elections in April and in July will choose a new president, so much can change over the course of the year before the true extent of the ban can be felt.

Reprinted by permission of MINING.com

Which way to the Ring of Fire?

June 13th, 2013

As Cliffs stands down, Noront and KWG propose alternate transport routes

by Greg Klein

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As Cliffs stands down, Noront and KWG propose alternate transport routes

Left: KWG Resources’ rail proposal. Right: A north-south route from the
Eagle’s Nest vicinity shows Cliffs’ road proposal, while Noront’s plan veers southwest.

 

It’s a suspension, not a cancellation. Yet the June 12 announcement from Cliffs Natural Resources dumped cold water all over Ontario’s Ring of Fire. By putting the region’s largest project on hold, the company has also shelved plans for an all-weather road to the south, a vital link some other companies were counting on to develop the McFaulds Lake area about 540 kilometres northeast of Thunder Bay. But Noront Resources TSXV:NOT quickly responded that its own projects are “still good to go” thanks to a proposed east-west road. Not to be outdone, KWG Resources TSXV:KWG pursues the feasibility of north-south rail.

Seemingly a Plan B, Noront’s east-west corridor was actually the company’s first idea. It would link the Eagle’s Nest project to Highway 808, roughly 230 kilometres southwest. But in May 2012, the Ontario government conditionally agreed to help finance the north-south route, part of Cliffs’ $3.3-billion proposal to build the Black Thor mine with road access to a new processing facility near Sudbury. On that basis, Noront used the north-south route in the base case for the September 2012 Eagle’s Nest feasibility study. Noront retained the east-west route as back-up.

A mining and exploration retrospect

Northern Ontario’s muskeg poses development challenges, as this photo from Noront Resources shows.

Prudently, it now seems. Explaining the suspension of what would have been North America’s first major chromite mine, Cliffs’ senior vice-president of global ferroalloys Bill Boor said, “Certain critical elements of the project’s future are not solely within our control and require the active support and participation by other interested parties such as government agencies and impacted first nation communities.”

Reacting to Cliffs’ suspension, Noront chairman/interim CEO Paul Parisotto said his company’s east-west proposal “balances first nations objectives, the environment and job growth. We’re confident this alternative will be attractive to each level of government, the local communities and the people who will benefit from this sensible approach.”

The route would upgrade an existing winter road to all-weather status. Among its advantages, it “avoids provincial parks, avoids areas of special interest to aboriginal groups and provides the greatest benefit to first nation communities,” the feasibility report stated. The native bands are currently served by air travel and winter road.

With Cliffs temporarily out of action, Noront emerges as the regional bigshot. Its Eagle’s Nest project achieved feasibility last September, using an 8% discount rate to calculate an after-tax net present value of $543 million and a 28% internal rate of return. With initial capital costs of $160 million, payback would come after three years of the 11-year mine life for a project showing:

  • proven reserves of 5.26 million tonnes averaging 2.02% nickel, 1.04% copper, 1.01 grams per tonne platinum, 3.45 g/t palladium and 0.19 g/t gold
  • probable reserves of 5.87 million tonnes averaging 1.38% nickel, 0.72% copper, 0.78 g/t platinum, 2.76 g/t palladium and 0.18 g/t gold.

Less than two kilometres away, the company’s Blackbird project has a March 2012 resource showing:

  • a measured category of 9.29 million tonnes averaging 37.44% chromite with a chromium-to-iron ratio of 2
  • an indicated category of 11.17 million tonnes averaging 34.36% with a Cr:Fe ratio of 1.95
  • an inferred category of 23.48 million tonnes averaging 33.14% with a Cr:Fe ratio of 1.97.

Noront PR rep Janice Mandel tells ResourceClips two levels of government know about the company’s east-west proposal. “Noront’s been talking to the provincial government and the federal government, and the environmental assessment has been underway for a while, so there have been lots of discussions. But [Ontario’s] formal proposal had been made with Cliffs.”

She added that Goldcorp TSX:G has shown interest in Noront’s proposal as a route for transmission infrastructure. The major’s fly-in/fly-out Musselwhite mine lies roughly 130 kilometres southwest of Eagle’s Nest and Blackbird.

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