Monday 5th December 2016

Resource Clips


Posts tagged ‘kenya’

How fares Canada in the Fraser Institute’s global mining survey?

February 25th, 2015

by Greg Klein | February 25, 2015

Saskatchewan’s number two worldwide, Quebec’s back in the top 10 and Manitoba climbed 17 notches. But Alberta, Ontario and British Columbia took a beating in the latest Fraser Institute survey of mining jurisdictions. Released February 24, the study rates 122 jurisdictions (including provinces and states in Canada, the United States, Australia and Argentina) based on 485 returned questionnaires. Drawing on their 2014 experience, mining and exploration companies provided numerical ratings for a number of factors, which the institute tracked on separate indexes.

Most important is the Investment Attractiveness Index, which combines two other indexes—Best Practices Mineral Potential (geology) and Policy Perception (government attitudes). The institute weighs the IAI 60% for geology and 40% for public policy, roughly the same consideration companies reported for their investment decisions.

Here’s the top 10 IAI globally, with 2013 rankings in brackets:

1 Finland (4)
2 Saskatchewan (7)
3 Nevada (2)
4 Manitoba (13)
5 Western Australia (1)
6 Quebec (18)
7 Wyoming (11)
8 Newfoundland and Labrador (3)
9 Yukon (8)
10 Alaska (5)

Here are the Canadian runner-ups:

15 Northwest Territories (25)
21 New Brunswick (23)
22 Alberta (10)
23 Ontario (14)
28 British Columbia (16)
29 Nunavut (27)
42 Nova Scotia (47)

Prince Edward Island wasn’t included.

As for the bottom 10:

113 Sudan
114 Nigeria
115 Bulgaria
116 Guatemala
117 Egypt
118 Solomon Islands
119 Honduras
120 Kenya
121 Hungary
122 Malaysia

The 122 jurisdictions totalled 10 more than in 2013. For inclusion, the institute requires a minimum of 10 responses per jurisdiction.

The anonymous replies also included comments which, for Canadian provinces and territories, note serious but unsurprising concerns.

But for some people, the rankings rankled. B.C.’s 10th-place finish out of 12 Canadian jurisdictions doesn’t jibe with the province’s second-place status for mining investment, according to the Association for Mineral Exploration British Columbia. Citing data from Natural Resources Canada, AME BC credited Ontario as Canada’s favourite for attracting investment. Fraser Institute respondents stuck that province with ninth place in Canada.

“Furthermore, one of the best indicators of success in exploration is seeing discoveries move through to mine development,” said AME BC president/CEO Gavin Dirom. “In recent years, we have seen a number of new major metal mines constructed in our province, including Copper Mountain in 2011, New Afton in 2012 and Mount Milligan in 2013. Also, Red Chris is being readied for commercial operations, and the KSM and Kitsault mine development projects have received environmental assessment certificates.”

The NWT and Nunavut Chamber of Mines noted the Northwest Territories’ considerable improvement and its breakaway territory’s slight slump. The organization vowed to continue working with federal and territorial governments “to improve the investment climate for exploration and mining in the two territories.”

Download the Fraser Institute Survey of Mining Companies 2014.

To Africa and back

January 2nd, 2013

Wesdome, African Queen and SLAM release gold results from Quebec, Kenya and New Brunswick

by Greg Klein

Next Page 1 | 2

Wesdome Gold Mines TSX:WDO began the New Year by releasing gold assays from its Kiena Mine in Val-d’Or, Quebec. The company stated that underground exploration drilling demonstrates continuity of the mine’s S-50 (South Zone) mineralized system southeast and at depth.

Intercepts were provided as estimated true widths. Grades were cut to 34.28 grams per tonne. Highlights include:

  • 8.6 grams per tonne gold over 7.3 metres
  • 3.38 g/t over 10.7 metres
  • (including 6.61 g/t over 2.2 metres)
  • 3.82 g/t over 8.78 metres
  • 34.28 g/t over 0.85 metres
  • 3.72 g/t over 6.75 metres
  • 2.83 g/t over 5.42 metres
  • 11.4 g/t over 1.07 metres
  • 8.86 g/t over 1.53 metres.
Wesdome’s Kiena Complex produced an estimated 20,000 gold ounces in 2012.

Wesdome’s Kiena Complex produced
an estimated 20,000 gold ounces in 2012.

One of Wesdome’s three operating gold mines, Kiena’s 2012 production is estimated at 20,000 ounces. The company expects another 20,000 ounces from its Eagle River operation and 10,000 ounces from the Mishi open pit, both near Wawa in central Ontario. As of December, Wesdome’s year-to-date cash flow was $10.5 million.

Wesdome opened January 2 at $0.87, two cents above the previous close. The stock nudged a day’s high of $0.90 before returning to an 87-cent close.

More January 2 gold results came from African Queen Mines’ TSXV:AQ Odundu Property, part of its Rongo Gold Fields Project in Kenya. The company stated that initial drill and trenching results indicate extensive, low-grade near-surface mineralization.

True widths weren’t provided for the drill results. One intercept began at a down-hole depth of 27 metres, while the furthest stopped at 171 metres. Drill assays include:

  • 1.03 grams per tonne gold over 26.35 metres

  • (including 5.27 g/t over 0.6 metres)
  • (including 2.87 g/t over 2.87 metres)
  • 1.17 g/t over 12 metres
  • (including 2.97 g/t over 2 metres)
  • 1.08 g/t over 11 metres
  • (including 5.96 g/t over 0.6 metres)
  • 0.89 g/t over 10 metres
  • 1.45 g/t over 5.16 metres
  • (including 3.21 g/t over 0.8 metres)
  • (including 2.31 g/t over 0.93 metres).

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Pacific Wildcat reports Kenya Assays up to 4.78% TREO over 91m

May 11th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningPacific Wildcat Resources Corp TSXV:PAW announced results from its Mrima Hill Niobium and Rare Earth Project in Kenya. Assays include

14.8% total rare earth oxides over 23 metres
4.02% TREO over 65 metres
4.78% TREO over 91 metres
1.07% niobium over 62 metres
0.88% niobium over 93 metres
1.44% niobium over 23 metres
1.3% niobium over 12 metres
1.35% niobium over 14 metres
1.65% niobium over 11 metres
1.66% niobium over 12 metres

President Darren Townsend remarked, “The initial results from the 2012 RC drill program are highly encouraging for both depth and grade of rare earths and niobium. Work continues on evaluating all the drill results received to date and once this is complete we look forward to finishing the residual 5,000 metres of the drill program and progressing towards an inaugural rare earth resource for Mrima Hill.”

View Company Profile

Contact:
Don Willoughby
Corporate Communications Manager
416.306.5777

by Ted Niles

Pacific Wildcat reports Kenya Assays of 1.27% Niobium over 54.4m, 6.06% TREO over 44m

February 9th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningPacific Wildcat Resources Corp TSXV:PAW announced results from its Mrima Hill Niobium and Rare Earth Deposit in Kenya.

Niobium assays include
1.27% niobium over 54.4 metres
0.81% over 74.5 metres
(including 1.14% over 15.2 metres)
0.9% over 43.2 metres
(including 1.44% over 16 metres)
0.48% over 70.9 metres
(including 0.95% over 10.7 metres)
1.03% over 24.3 metres

Total rare earth oxide assays include
6.06% total rare earth oxides over 44 metres
(including 8.94% over 14 metres)
7.23% over 27 metres
(including 12.62% over 1.5 metres)
6.03% over 35.5 metres
(including 9.97% over 5.1 metres)
8.92% over 24.5 metres
(including 13.34% over 2 metres)
5.63% over 28.8 metres

Pacific Wildcat has a conditional contract granting it the right to acquire an indirect 70% interest in Mrima Hill. The project has a July 2011 resource estimate of 105.3 million tonnes grading 0.65% niobium for a total of 1.52 billion pounds niobium.

View Company Profile

Contact:
Don Willoughby
Corporate Communications Manager
416.306.5777

by Greg Klein

Pacific Wildcat reports Kenya Assays: 11.26% TREO / 21m, 1.7% Nb / 39.6m

September 14th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningPacific Wildcat Resources Corp TSXV:PAW announced assays from its Mrima Hill Project in Kenya. Total rare earth oxides results include 11.26% TREO over 21 metres, 5.45% over 39.6 metres, 5.72% over 37.1 metres, 5.56% over 26.3 metres and 5.48% over 12 metres. Niobium results include 1.7% over 39.6 metres, 1.14% over 29.3 metres, 1.05% over 11.5 metres and 1.05% over 8.2 metres.

President Darren Townsend commented, “These first diamond results confirm the significant depth potential to the Mrima Hill Deposit. As can be seen from the cross-sections, we have now proved the high-grade niobium mineralization extends at depths substantially deeper than the initial inferred niobium resource, which is limited to a depth of 30 metres. The drilling also indicates the REO mineralization extends to significant depths, supporting the potential for a considerable REO resource. We look forward to the results from the next batch of assays with 380.65 metres of core now at the laboratory in Perth.”

View Company Profile

Contact:
Don Willoughby
Corporate Communications Manager
416.306.5777

by Greg Klein