Friday 6th December 2019

Resource Clips


Posts tagged ‘silver’

Saville Resources plans Phase II drilling on Quebec niobium-tantalum-phosphate project

September 16th, 2019

by Greg Klein | September 16, 2019

A detailed analysis of last spring’s drill program along with other data has Saville Resources TSXV:SRE looking forward to a Q1 return engagement. Activity on the Niobium Claim Group in Quebec’s Labrador Trough occurs as the U.S. takes steps to secure reliable supplies of critical minerals including niobium and tantalum. The country relies on imports for its entire supply of both metals.

Near-surface assays previously released for this year’s five-hole, 1,049-metre campaign reached as high as 0.79% Nb2O5, 163 ppm Ta2O5 and 8.1% P2O5 over 37 metres, as well as 0.8% Nb2O5, 81 ppm Ta2O5 and 9% P2O5 over 31.5 metres. The latter intercept, the final hole of the season, featured a sub-interval showing 1.36% Nb2O5, 70 ppm Ta2O5 and 12.3% P2O5 over 4.5 metres.

Saville Resources plans Phase II drilling on Quebec niobium-tantalum-phosphate project

Saville’s drilling targeted the project’s Mallard prospect, where three programs so far have totalled 14 holes and 3,537 metres. Each campaign excelled its predecessor for grades and widths, expanding three known zones of mineralization which remain open in all directions, the company reported.

Predominating the host material are pyrochlore-group minerals and/or ferrocolumbite, familiar to the industry as the world’s main source of niobium production, Saville added.

“We appear to have only scratched the surface at Mallard and have yet to drill-test our other high-priority targets including Spoke and Miranna,” said president Mike Hodge.

Although work will focus on building an initial Mallard resource, Spoke and Miranna might also get rig attention to determine their potential for connecting with Mallard.

Saville operates the project under a 75% earn-in from Commerce Resources TSXV:CCE. On another critical minerals project two kilometres away, Commerce advances its Ashram rare earths deposit towards pre-feasibility.

Saville’s portfolio also includes the Bud project in southern British Columbia’s busy Greenwood camp. Grab sample assays released last April showed grades up to 4.57 g/t gold, 27.7 g/t silver and 6.7% copper; as well as 4.44 g/t gold, 17 g/t silver and 6.84% copper.

Read more about Saville Resources.

Visual Capitalist’s Silver Series Part 1: The start of a new gold-silver cycle

September 11th, 2019

by Nicholas LePan | posted with permission of Visual Capitalist | September 11, 2019

The world has experienced a decade of growth fueled by record-low interest rates, a burgeoning money supply and historic debt levels—but the good times only last so long.

As the global economy slows and eventually begins to retract, can precious metals offer a useful store of value to investors?

Part 1: The start of a new cycle

This infographic comes to us from Endeavour Silver TSX:EDR and it outlines some key indicators that precede a coming gold-silver cycle in which exposure to hard assets may help to protect wealth.

 

Visual Capitalist’s Silver Series Part 1 The start of a new gold-silver cycle

 

Bankers blowing bubbles

Since 2008, central bankers around the world launched an historic market intervention by printing money and bailing out major banks. With cheap and abundant money, this strategy worked so well that it created a bull market in every sector—except for precious metals.

Stock markets, consumer lending and property values surged. Meanwhile, the U.S. Federal Reserve’s assets ballooned, and so did corporate, government and household debt. By 2018, total debt reached almost $250 trillion worldwide.

Gold and silver are money … everything else is credit.—J.P. Morgan

Currency versus precious metals

The world’s awash in unprecedented amounts of currency and these dollars chase a limited supply of goods. Historically speaking, it’s only a matter of time before the price of goods increases or inflates—eroding the purchasing power of every dollar.

Gold and silver are some of the only assets unaffected by inflation, retaining their value.

The perfect story for a gold-silver cycle?

Investors can use several indicators to gauge the beginning of the gold-silver cycle:

1. Gold/silver futures

Most traders do not trade physical gold and silver, but paper contracts with the promise to buy at a future price. Every week, U.S. commodity exchanges publish the Commitment of Traders (COT) report. This report summarizes the positions (long/short) of traders for a particular commodity.

Typically, speculators are long and commercial traders are short the price of gold and silver. However, when speculators’ and commercial traders’ positions reach near zero, there is usually a big upswing in the price of silver.

2. Gold-to-silver ratio compression

As the difference between gold and silver prices decreases (i.e. the compression of the ratio), history suggests silver prices can make big moves upwards in price. The gold-to-silver ratio compression is now at high levels and may eventually revert to its long-term average, which implies a strong movement in prices is imminent for silver.

3. Scarcity: Declining silver production

Silver production has been declining despite its growing importance as a safe haven hedge, as well as its use in industrial applications and renewable technologies.

4. The silver exception

Silver is not just for coins, bars, jewelry and the family silverware. It stands out from gold with its practical industrial uses which account for 56.1% of its annual consumption. Silver will continue to be a critical material in solar technology. While photovoltaics currently account for 8% of annual silver consumption, this is set to change with the dramatic increase in the use of solar technologies.

The price of gold and silver

Forecasting the exact price of gold and silver is not a science, but there are clear signs that point to the direction their prices will head. The prices of gold and silver do not accurately reflect a world awash with cheap and easy money, but now may be their time to shine.

Posted with permission of Visual Capitalist.

92 Resources hits high-grade copper-gold-silver with new Quebec discoveries

September 10th, 2019

by Greg Klein | September 10, 2019

Update: On October 17, 2019, 92 Resources began trading under a new name and stock symbol: Gaia Metals Corp TSXV:GMC.

Sample assays from two new discoveries have this company “ecstatic” about its James Bay-region Corvette-FCI project. Coming at the end of last summer’s 23-day field program, the findings have 92 Resources TSXV:NTY obviously enthusiastic about the property’s New Lorraine and Elsass prospects.

92 Resources hits high-grade copper-gold-silver with new Quebec discoveries

The highlight of 92’s summer campaign, this New Lorraine
sample graded 8.15% copper, 1.33 g/t gold and 171 g/t silver.

Some highlights from a New Lorraine outcrop include:

  • 8.15% copper, 1.33 g/t gold and 171 g/t silver

  • 1.55% copper, 0.14 g/t gold and 20.9 g/t silver

  • 0.23% copper, 3.55 g/t gold and 37.7 g/t silver

Located about 2.3 kilometres east along trend, Elsass hosts three outcrops over an approximately 350-metre strike that’s about 60 metres wide. Some Elsass samples feature:

  • 3.63% copper, 0.64 g/t gold and 52.3 g/t silver

  • 2.68% copper, 0.2 g/t gold and 43.9 g/t silver

  • 1.86% copper, 1.12 g/t gold and 32.6 g/t silver

Both prospects form part of the larger Maven trend, formerly called the Southern trend, and sit on the property’s FCI West claim block. With similar rock types and mineralization, the company considers the area between the two prospects highly prospective.

92 Resources hits high-grade copper-gold-silver with new Quebec discoveries

A sample of chalcopyrite mineralization
characterizing Elsass outcrops.

Proclaiming himself “ecstatic” with the results, president/CEO Adrian Lamoureux said, “With over eight kilometres of under-explored prospective trend and no drilling completed to date, we have literally only scratched the surface of this trend’s potential.”

The four-person crew from Dahrouge Geological Consulting collected 680 rock samples, as well as 211 soil samples up-ice from the Lac Bruno prospect. About three-quarters of the program explored the project’s FCI-East and FCI-West blocks, under a 75% option from Osisko Mining TSX:OSK. The remainder of the work targeted 92’s 100%-held Corvette claims. 

The project sits within the Lac Guyer Greenstone Belt, part of the La Grande Greenstone Belt, about six to 18 kilometres south of the Trans-Taiga Road and adjacent powerline.

The Maven trend hosting New Lorraine and Elsass also includes new discoveries at the Black Forrest and Hund showings. A Black Forrest sample graded 1.13% copper, 0.05 g/t gold and 19.5 g/t silver. Hund featured 3.28% copper, 0.78 g/t gold and 30.1 g/t silver.

Historic work on Maven’s Lac Smokycat-SO, Golden Gap and Tyrone T-9 showings have also brought high grades, although in non-43-101 reports. Together, the prospects suggest a potential copper-gold-silver trend stretching more than eight kilometres, 92 stated.

Still to come are regional assays, along with lithium-tantalum results. Channel samples released last year from Corvette’s CV1 pegmatite graded up to 2.28% Li2O and 471 ppm Ta2O5 over six metres.

Other 92 properties in Quebec include Eastman, Lac du Beryl and Pontax. Grab samples from Pontax featured up to 0.94% Li2O and 520 ppm Ta2O5.

In British Columbia 92 holds the Golden frac sand project adjacent to Northern Silica’s Moberly silica mine, as well as the Silver Sands vanadium prospect. In the Northwest Territories the company has a 40% stake in the Hidden Lake lithium project, where all 10 holes of last year’s 1,079-metre drill program hit grades above 1% Li2O.

Belmont Resources moves into Ontario’s Red Lake camp with zinc-polymetallic acquisition

September 4th, 2019

by Greg Klein | September 4, 2019

A newly signed option opens a substantial land package with historic deposits for further exploration. Under the agreement, Belmont Resources TSXV:BEA takes a substantial interest in part of Pistol Bay Mining’s (TSXV:PST) Confederation Lake greenstone belt portfolio.

The Fredart/Gerry Lake and adjoining claim groups sit about 25 kilometres northeast of Great Bear Resources’ (TSXV:GBR) Dixie property and adjacent to Pistol Bay’s Garnet Lake claims in an increasingly busy camp where Great Bear’s drill results have attracted other explorers.

Belmont Resources moves into Ontario’s Red Lake camp with zinc-polymetallic acquisition

The Arrow zone on Pistol Bay’s Garnet Lake hosts a 2017 43-101 inferred resource using a 3% zinc-equivalent cutoff to show 2.1 million tonnes averaging 5.78% zinc, 0.72% copper, 19.5 g/t silver and 0.6 g/t gold. “The geological setting of the Fredart and associated claims is similar to the Garnet Lake claims area,” Belmont and Pistol Bay stated.

Belmont’s acquisition comprises about 6,700 hectares over a 17-kilometre stretch of the greenstone belt. A 2017 VTEM-Plus survey found granitic intrusions in the northeast part of the Fredart area and two or possibly three parallel conductive responses over parts of the Fredart-Gerry Lake trend.

Extensive past work includes 124 drill holes totaling 22,500 metres between 1956 and 2003 on the Fredart zone. Data has yet to be compiled for additional drilling on the Fredart trend’s western extension and the Joy-Caravelle area.

The Fredart zone, also known as Copperlode A, has an historic, non-43-101 estimate showing 385,000 tonnes averaging 1.56% copper and 33.6 g/t silver. The companies describe the property’s mineralization as volcanogenic massive sulphide dominated by zinc, copper and silver, with occasional associated gold values.

The acquisition’s Joy-Caravelle area has historic, non-43-101 drill results that include 21.6% zinc and 0.13% copper over 0.25 metres, 17.17% zinc and 0.28% copper over 0.6 metres, as well as 4.01% copper over 3.55 metres.

Infrastructure includes all-weather roads, a transmission line crossing the property, water and nearby natural gas.

Belmont may earn an initial 65% of the claims for $40,000 and 1.5 million shares on TSXV approval, another $50,000 and 1.5 million shares within one year and an additional $50,000 and one million shares in the second year.

An additional 10% interest would cost $200,000, after which the two companies would form a JV. Two third parties each hold a 2% NSR on separate parts of the claims, with one NSR also including a $10,000 annual advance royalty payment.

Looking at another recent acquisition in another busy mining camp, last month Belmont announced an upcoming field program for its Pathfinder project in southern British Columbia’s Greenwood district. Surface sampling results released in July showed assays up to 29.2 g/t gold, 16.4 g/t silver, 365 ppm copper and 4 ppm lead.

Belmont’s portfolio also includes a 75% stake in Nevada’s Kibby Basin lithium project, where drilling has found 393 ppm lithium over 42.4 metres and 415 ppm over 30.5 metres.

Additionally, Belmont shares 50/50 ownership with International Montoro Resources TSXV:IMT on two northern Saskatchewan uranium properties.

Belmont closed a private placement of $252,000 in June and arranged two loans totalling $50,000 in August.

Is that the new maple leaf coin pulsating in your pocket or…

September 3rd, 2019

by Greg Klein | September 3, 2019

Better known for lagging, sagging, floundering and falling, Canadian currency now boasts a distinction both impressive and unique: It pulsates. Well, one $10 silver collector’s coin appears to do so thanks to a “numismatic breakthrough” that the Royal Canadian Mint heralds as a world-first. It’s one of a number of unusual items released this month by the coin-creating Crown corporation.

Is that the new maple leaf coin pulsating in your pocket or

While some forecasters say silver’s set to soar, the
precious metal pulsates on this Canadian coin.
(Photo: Royal Canadian Mint)

Its R&D boffins teamed up with the University of Ottawa’s Centre for Research in Photonics to engrave “an array of sub-millimetre-scale mirrors in the shape of a maple leaf on the reverse of this 99.99% pure silver coin,” the Mint explained. ”With precise dimensions and orientations, these miniature mirrors produce a design that appears to expand and contract with each tilt of the coin.”

Expressing more conventional and non-pulsating royal hauteur, the Queen appears on the obverse. With 3,000 coins struck, the two-ounce piece sells for $199.95.

Staying well ahead of the trend to turn cash into a collector’s item, the Mint continually comes up with unusual designs for legal tender. Another recent release is the Common Loon, part of the Real Shapes series that creates cutout images from familiar circulating coins to replicate those features on more than three ounces of silver plated with 24-karat gold. The pieces went for $329.95 each in a mintage of 1,200 that’s already sold out.

Is that the new maple leaf coin pulsating in your pocket or

Images long familiar to Canadians have been
freed of their circular bounds in this gold-plated
silver collection. (Photo: Royal Canadian Mint)

Another of the Mint’s self-described “numismatic wonders” is the one-kilo silver D-Day: A Snapshot in Time. Based on scores of RCAF reconnaissance photos of the 1944 Juno Beach landing, the relief image portrays the scene as Canadian pilots might have seen it. The obverse displays wartime monarch King George VI.

This month the Mint also celebrated the 40th anniversary of its own gold maple leaf, “one of the world’s most coveted pure gold bullion coins” which has sold more than 25 million troy ounces. The two-ounce, $200 commemorative piece went for $2,899.95 before the mintage of 350 sold out.

Other releases this month include Yousuf Karsh: The Roaring Lion, the third of a series of 10-ounce, $100 coins celebrating the photographer’s work. This one reproduces his portrait of Winston Churchill.

The 2020 Peace Dollar comprises a pair of $1 silver and $200 gold coins with high-relief engravings. The 2020 Maple Leaf Fractional Set features five silver coins ranging from one ounce to 1/20th of an ounce expressing patriotic themes.

The Mint evidently finds much to love about this country, even striking a $10 silver coin to celebrate the 50th anniversary of Canada’s Official Languages Act.

Belmont Resources plans September follow-up to high-grade gold sampling in southern B.C.

August 15th, 2019

by Greg Klein | August 15, 2019

Inspired by recent surface samples as high as 29.2 g/t gold, Belmont Resources TSXV:BEA plans another field program on its recently acquired Pathfinder project in British Columbia’s Greenwood camp. Scheduled to start early next month, the two-week campaign follows encouraging assays released late last month. Out of 15 samples, seven exceeded 1 g/t gold, with the best result bringing 29.2 g/t gold, 16.4 g/t silver, 365 ppm copper and 4 ppm lead.

Belmont Resources plans September follow-up to high-grade gold sampling in southern B.C.

Historic work at Pathfinder included trenching and drilling.

Now, backed by data gleaned from historic records, Belmont plans soil and grab sampling from the Pathfinder zone to the Diamond Hitch zone, on a target area averaging about 2,500 metres by 600 metres. Samples will be collected every 50 metres along the grid lines, with higher resolution possible for some areas.

The results would prepare for possible sub-surface exploration that could include geophysics and drilling. Pathfinder underwent trenching and 17 drill holes from 2008 to 2009. The 296-hectare property is surrounded on three sides by KG Exploration, a subsidiary of Kinross Gold TSX:K.

In Nevada, Belmont’s Kibby Basin lithium project has undergone drilling by MGX Minerals CSE:XMG, which has so far earned 25% of the project. Last May the companies announced a drill hole averaging 100 ppm lithium. Previous holes graded up to 393 ppm lithium over 42.4 metres and 415 ppm over 30.5 metres.

In northern Saskatchewan, Belmont and International Montoro Resources TSXV:IMT each hold 50% of two uranium properties.

Belmont expects to close a private placement of $252,000, subject to exchange approval.

Site visits for sightseers IV

July 31st, 2019

Atlantic Canada’s mining heritage can captivate visitors

by Greg Klein

Atlantic Canada’s mining heritage captivates visitors

Among the Bell Island operations that produced about 81 million tonnes of
iron ore by 1966, this Newfoundland mine gives visitors a glimpse of the past.
(Photo: Bell Island #2 Mine and Community Museum)

 

Our survey of historic mining sites and museums wraps up with a trip through Nova Scotia, Newfoundland and Labrador. With places known for precious and base metals as well as mineralogical exotica like salt, fluorspar and asbestos, these Atlantic provinces once hosted a globally important coal and steel industry—important enough to merit military attacks during World War II. Even where mining’s a practice of the past, many people continue to recognize the industry’s influence on their communities.

As usual with these visits, check ahead for footwear and other clothing requirements, for additional info like kids’ age restrictions, and to confirm opening times.

Three previous installments looked at Yukon and British Columbia, the prairie provinces, and Ontario and Quebec.

 

Nova Scotia

 

In a region where the industry goes back nearly 300 years, the Cape Breton Miners Museum tells the stories of coal diggers, their work, lives and community. The scenic six-hectare coastal site also includes a few restored buildings from the company village and the Ocean Deeps Colliery, where retired miners lead underground/undersea tours to offer first-hand accounts of a miner’s life. The museum also presents occasional concerts by the Men of the Deeps, made up entirely of people who’ve worked in or around coal mines: “We’re the only choir where the second requirement is that you have to be able to sing.”

Located on Birkley Street north from Route #28, about 1.5 kilometres southeast of downtown Glace Bay. Open daily 10:00 to 6:00 until October 20, with daily tours. Phone 902-849-4522 for off-season hours and tours.

 

Atlantic Canada’s mining heritage captivates visitors

Coal production in the Sydney Mines area dates as far back as 1724.
(Photo: Sydney Mines Heritage Museum)

Farther west along the serrated coast, the Sydney Mines Heritage Museum looks at not only coal extraction but also the time when this town was a major steelmaking centre. Originally a 1905 railway station, the building also houses a transportation exhibit, the Cape Breton Fossil Discovery Centre and a sports museum.

Located at 159 Legatto Street, just north of Main Street (Route #305), Sydney Mines. Open Tuesday to Saturday 9:00 to 5:00 until September 7. Phone 902-544-0992 for Sydney Coalfield fossil field trips held on Thursdays and Saturdays to August 24, weather and tides permitting.

 

About 76 kilometres east of Amherst was Canada’s first industrial source of an edible mineral, now commemorated by the Malagash Salt Mine Museum. This small building features the mine’s off-and-on operations between 1918 and 1959, and the local miners, farmers, fishermen and lumberjacks who worked the deposit until it was replaced by another salt source at nearby Pugwash.

Located at 1926 North Shore Road, east of Route #6, Malagash. Open Tuesday to Saturday 10:00 to 5:00, Sunday noon to 5:00 until September 15. Call 902-257-2407 for more info.

 

In the Annapolis Valley about 95 kilometres southeast of Moncton, the Springhill Miners’ Museum portrays the historically dangerous work that prevailed in these coal mines between the late 1800s and the 1950s. Guides lead underground tours of about an hour’s duration.

Located at 145 Black River Road, about 1.5 kilometres south of Springhill, just east of Route #2. Open daily 9:00 to 5:00, with tours available hourly from 9:00 to 4:00 until October 15. Call 902-597-3449 for more info.

 

Newfoundland and Labrador

Atlantic Canada’s mining heritage captivates visitors

Kids tour a mine that once employed boys as young as 10.
(Photo: Bell Island #2 Mine and Community Museum)

Complementing coal from Cape Breton was iron ore from Bell Island in Conception Bay, where six mines operated at various times between 1895 and 1966. The Bell Island #2 Mine and Community Museum hosts exhibits and offers one-hour tours through an underground operation that closed in 1949. Another feature relates the 1942 U-boat attacks at Belle Island that sunk four ore-carrying ships and killed over 60 men, leading to Allied fears that Germany would occupy St. John’s.

Located at 13 Compressor Hill, Bell Island. Open daily 10:00 to 6:00 until September 30. Call 709-488-2880 or toll-free 1-888-338-2880 for more info.

 

A number of mines produced fluorspar between 1933 and 1978 on the Rock’s southern-most peninsula, where Canada Fluorspar hopes to revive the industry. The St. Lawrence Miner’s Memorial Museum recounts workers’ lives, including the danger they faced before the presence of radon gas was recognized. Emphasizing the sacrifice, the neighbouring graveyard can be seen from museum windows. On a more pleasant note, new uses for the colourful mineral can be found in the gift shop’s fluorspar jewelry.

Located on Route #220, east of Memorial Drive, St. Lawrence. Open daily 8:30 to 4:30 until September 1. Call 709-873-3160 for more info.

 

The Baie Verte Miners’ Museum stands above one of six major mines locally, the former Terra Nova copper producer that dates back to the mid-1800s in a north-coastal region that also provided gold, silver and asbestos. On display are mining and mineralogy exhibits and a mining locomotive, along with aboriginal artifacts. Museum tours are available.

Located at 319 Route 410, Baie Verte. Open Monday 10:00 to 4:00, Tuesday to Sunday 9:00 to 6:00 until mid-September. Call 709-532-8090 for more info.

 

The Iron Ore Company of Canada no longer provides tours of its Labrador City facilities but the Gateway Labrador tourism centre offers an alternative—an 18-minute virtual reality experience of IOC’s operations, from mining to processing to delivery at Sept-Îles. Gateway’s museum hosts additional mining exhibits as well as presentations on other industries “to debunk the popular misconception that Labrador West’s history is comprised only of mining.”

Located at 1365 Route #500, Labrador City. Open Monday to Friday 9:00 to 8:00, and Saturday and Sunday 9:00 to 5:00 until mid- or late August. Off-season hours Monday to Friday 9:00 to 5:00. Call 709-944-5399 for more info.

 

See Part 1 about Yukon and British Columbia, Part 2 about the prairie provinces, and Part 3 about Ontario and Quebec.

Belmont Resources samples 29.2 g/t gold at B.C.’s Greenwood camp

July 30th, 2019

by Greg Klein | July 30, 2019

Recent work suggests new potential for an historic gold- and copper-producing region in southern British Columbia. Surface sampling results on a property acquired last March by Belmont Resources TSXV:BEA have graded up to 29.2 g/t gold.

Belmont Resources samples 29.2 g/t gold at B.C.’s Greenwood camp

An adit bears witness to Pathfinder’s auriferous history.

The project, now expanded to 295 hectares, formed part of the historic Pathfinder property in the Greenwood camp, where mining began in the late 1880s. Something like 26 former mines produced over 1.2 million ounces of gold and 270,000 tonnes of copper, along with silver, lead and zinc, according to Geoscience BC. More recent exploration includes work by Kinross Gold TSX:K subsidiary KG Exploration, which holds property neighbouring Belmont on three sides.

Following a detailed review of historic data, Belmont conducted a five-day field program of mapping and sampling from outcrops and mine waste. Seven out of 15 samples surpassed 1 g/t gold, with five standouts showing:

  • 29.2 g/t gold, 16.4 g/t silver, 365 ppm copper and 4 ppm lead

  • 4.51 g/t gold, 90.4 g/t silver, 21.6 ppm copper and 14,250 ppm lead

  • 3.23 g/t gold, 0.61 g/t silver, 383 ppm copper and 4.3 ppm lead

  • 2.44 g/t gold, 16.7 g/t silver, 5,180 ppm copper and 24.2 ppm lead

  • 1.08 g/t gold, 14.75 g/t silver, 47 ppm copper and 62.7 ppm lead

With continued analysis of historic data along with recent findings, Belmont will plan Pathfinder’s next stage of exploration. Among the earlier work was a 2008-2009 program that included trenching and 17 drill holes.

In Nevada the company holds the 2,056-hectare Kibby Basin lithium project, subject to an earn-in by MGX Minerals CSE:XMG. A drill hole announced last May brought results ranging from 38 ppm to 127 ppm lithium, with an average of 100 ppm. Previous holes graded up to 393 ppm lithium over 42.4 metres and 415 ppm over 30.5 metres.

Belmont also shares a 50/50 stake in two northern Saskatchewan uranium properties with International Montoro Resources TSXV:IMT.

Subject to exchange approval, Belmont expects to close an oversubscribed private placement of $252,000.

Site visits for sightseers III

July 26th, 2019

Travel Ontario and Quebec one mining destination at a time

by Greg Klein

Small local museums, historic mines, a major science centre and massive operations demonstrate the industry’s importance and also offer diversions for summer road trips. After covering Yukon and British Columbia in Part 1 and the prairie provinces in Part 2, our survey continues east through Ontario and Quebec. Omitted were museums not primarily devoted to mining, although many do include worthwhile mining memorabilia among other exhibits. Be sure to contact sites to confirm opening times, ask about footwear and other clothing requirements, and inquire about age restrictions if you have little ones in tow.

Part 4 covers the Atlantic provinces.

Ontario

Travel Ontario and Quebec one mining destination at a time

One of many Dynamic Earth attractions
makes mining a family experience.
(Photo: Science North/Dynamic Earth)

Where better than Sudbury for a mining showcase of global stature? Dynamic Earth visitors can don hard hats to tour a demonstration mine seven storeys below surface, or virtual reality headsets to mingle with imaginary miners and gargantuan equipment. Other simulations provide aspiring miners with training on mining equipment and rescue operations. Films, multimedia and interactive exhibits enhance the experience. Much more than a museum, this is an exposition of mining’s past, present and future, with enough attractions to justify repeat visits.

Located at 122 Big Nickel Road, Sudbury. Open daily 10:00 to 6:00 until September 2, then reduced hours until September 29. Reopens for Halloween events on October 4

 

Travel Ontario and Quebec one mining destination at a time

Cobalt’s silver heritage comes alive in the Colonial Adit Tour.
(Photo: Town of Cobalt)

Despite the recent speculative boom sparked by the town’s namesake mineral, Cobalt’s largely a relic of the past—or a collection of relics strewn about the town and surrounding countryside. And it was silver, not cobalt, that made this town so important to Canadian mining history. To experience that history, check out the Cobalt Mining Museum, with seven galleries that include the world’s largest display of native silver. Take a guided tour of the Colonial underground mine, and self-guided tours that show off a nearby route hosting 19 mining-related sites and the town itself, which sometimes looks like a movie setting in search of a movie.

Located at 24 Silver Street, Cobalt. Open daily 10:00 to 4:00 until September 2, then Tuesday to Friday 11:00 to 3:00 during fall and winter. Call 705-679-8301 to book the one-hour Colonial Adit Tour.

 

Travel Ontario and Quebec one mining destination at a time

Visitors find themselves engrossed in Red Lake’s mining story.
(Photo: Red Lake Regional Heritage Centre)

After the 1926 rush that spawned something like 29 mines, the town’s still churning out yellow metal at one of Canada’s largest gold operations. In recognition, the Red Lake Regional Heritage Centre’s permanent exhibit presents Beneath It All: Red Lake’s Mining Story, with displays, films and audio clips.

Located at 51A Highway #105, Red Lake. Open Monday to Friday 9:00 to 5:00 year-round, also open summer Saturdays 10:00 to 4:00 until August 31.

 

Travel Ontario and Quebec one mining destination at a time

A former mica mine, Silver Queen can evoke a sense of wonder.
(Photo: Ontario Parks)

About 115 crow-flying klicks southwest of Ottawa, the Silver Queen Mine was one of hundreds of operations in a world centre of mica production. Visitors to Murphys Point Provincial Park can descend 20 metres underground and also check out an open pit on either guided or self-guided trips.

Tours leave from the Lally Homestead at Murphys Point, off Highway #21. Guided trips take place Wednesday evenings at 8:30 p.m. and Friday mornings at 10:00 a.m., self-guided tours from 10:00 a.m. to noon on Sundays until September 1. Call 613-267-5060 for reservations, fall hours and other info.

 

Quebec

Travel Ontario and Quebec one mining destination at a time

Tourists explore Lamaque’s birthplace in the valley of gold.
(Photo: Corporation du Village minier de Bourlamaque)

This might be the best place to begin an historical pilgrimage to Abitibi-Témiscamingue. Just over a kilometre southwest of Eldorado Gold’s Lamaque and on the eastern edge of Val-d’Or sits la Cité de l’Or, with the original Lamaque mine and Bourlamaque Mining Village. A four-hour tour takes visitors 91 metres underground before viewing a number of surface buildings, while an express two-hour tour explores the underground mine and a laboratory. An audio guide tour also covers the town, with still-occupied 1930s to ’40s-era log houses and a 1949 home-turned-museum. La Cité also offers Gold in our Veins, a permanent exhibit about mining life and, en français seulement, a geocaching rally.

Located at 90 avenue Perrault, Val-d’Or. Open daily 8:00 to 5:30 to August 31, Wednesday to Sunday 8:30 to 5:00 in September, Thursday to Sunday 8:30 to 3:00 in October. Phone to inquire about off-season visits from November to May. Call 819-825-1274 or toll-free 1-855-825-1274 for tour reservations and other info.

 

Travel Ontario and Quebec one mining destination at a time

Malartic’s sheer scale can be appreciated from an observation deck.
(Photo: Abitibi-Témiscamingue Mineralogical Museum)

Twenty-five kilometres west of Val-d’Or, the Abitibi-Témiscamingue Mineralogical Museum offers displays about regional geology and mining, and interactive exhibits as well as tours to one of the world’s largest gold producers, the Agnico Eagle/Yamana Gold Canadian Malartic mine, a technological marvel with some really big machines rumbling around.

Located at 650 rue de la Paix, Malartic. Open Tuesday to Sunday until September. Call 819-757-4677 for opening hours and reservations.

 

Watch as molten copper flows at Glencore’s Horne smelter in Rouyn-Noranda. Guides lead visitors through a museum and into the heart of one of the world’s most specialized plants.

Located at 1 Carter Avenue, Rouyn-Noranda. Tours begin Monday to Sunday at 9:00, 10:30, 1:30 and 3:00 until mid-August. Call 819-797-3195 or 1-888-797-3195 for reservations. Not suitable for pregnant women.

 

Travel Ontario and Quebec one mining destination at a time

Visitors get in the spirit at Thetford Mines.
(Photo: Musée minéralogique et minier de Thetford Mines)

About 107 kilometres south of Quebec City in a building sheathed with an asbestos-cement coating, le Musée minéralogique et minier de Thetford Mines depicts the history, geology and mineralogy of an area where mining began in 1876. Tours take visitors around buildings, open pits and mountains of tailings left over from the now-banned practice of asbestos extraction.

Located at 711 Frontenac Boulevard West (Highway #112), Thetford Mines. Open daily 9:00 to 5:00 to September 2, off season Tuesday to Friday 9:00 to 4:00, weekends 1:00 to 5:00. Summer mine tours begin at 1:30. Call 418-335-2123 for reservations.

 

One of three nearby former copper producers in the Eastern Townships, the Capelton Mine welcomes visitors to an operation that lasted from 1863 to 1907. One tour travels by wagon to the mine entrance, another offers a gold panning experience. Additional attractions include a small museum and a bike path through the mine site.

Located at 5800 Capelton Road (Highway #108), North Hatley. Call 819-346-9545 or 1-888-346-9545 for reservations.

See Part 1 about Yukon and British Columbia, Part 2 about the prairie provinces and Part 4 about the Atlantic provinces.

Site visits for sightseers

July 19th, 2019

Mining history offers additional destinations for summer road trips

by Greg Klein

Mining history offers additional destinations for summer road trips

A fun but informative underground tour brings B.C.’s former
Britannia copper mine to life. (Photo: Britannia Mine Museum)

 

Follow this industry closely enough and you’ll likely want to visit one or more mines yourself. One way to do that would be to get a job as a miner, although that’s an occupation requiring competence, a capacity for hard work and at least rudimentary English or French. People lacking those qualifications, however, need not despair. They might still find employment writing up sponsored site visits for investor newsletters and mining publications. Still a third approach involves touring historic sites.

Of course they emphasize mining’s past, but that puts perspective on the present. These endeavours helped build our country economically and socially, while inspiring lots of romantic lore and providing stuff that we consider essential. But they also brought about dangerous, sometimes disastrous working conditions, bitter labour conflicts and some primitive environmental standards.

That said, family visits can be entertainingly informative without abjuring history’s serious side.

In this first installment, we provide a list of historic Yukon and British Columbia mines and mining museums open this summer. Also included are a few operating mines that offer public tours. Generally not included, however, are museums of mineralogy and museums not entirely dedicated to mining. The latter category, omitted for space reasons, includes some excellent exhibits and should be considered by mining enthusiasts when visiting any current or former mining region.

Use the links to confirm opening times and other info. Also check tour requirements for footwear and other clothing.

See Part 2 about the prairie provinces, Part 3 about Ontario and Quebec, and Part 4 about the Atlantic provinces.

 

Yukon

Mining history offers additional destinations for summer road trips

For some Dawson visitors, gold’s allure overpowers
that of the theme park. (Photo: Parks Canada)

Putting aside the fact that the lack of a gold rush would have meant far fewer tourists, tourism has far outshone the gold rush’s economic importance to Dawson City. The town and its environs abound in Klondike references, real and imagined, from the goldfields themselves to the Dawson City Museum, Dredge #4, a gaudy streetscape (arguably authentic in spirit if not accuracy) and the bard of the Yukon’s log home. (Overheard from an American in Dawson’s visitor info centre: “We’ve heard about your Robert Service. Is he any relation to Robert Frost?”)

A variety of sites and activities can be previewed here, here and even here. And if a can-can dancer hauls you onto the stage at Diamond Tooth Gertie’s, just consider it an act of revisionist history.

 

Only a few kilometres outside Whitehorse, the MacBride Copperbelt Mining Museum focuses on a base metal play overshadowed by Klondike mania. Attractions include an interpretive train ride along 2.5 kilometres of narrow-gauge track. Back in town, look for the MacBride Museum’s other location, right by Sam McGee’s cabin.

Mile 919.28 Alaska Highway. Open Friday to Sunday, 10 a.m. to 4 p.m., until August 31. More info.

 

About 290 kilometres east of Dawson City, in a former boom town now down to maybe 20 people, the Keno City Mining Museum displays tools, equipment and memorabilia about local gold-silver mining from the early 1900s.

Located at the end of the Silver Trail, Main Street. Open daily 10:00 to 6:00 until mid-September and “by chance/appointment” during the off-season. More info.

 

British Columbia

Mining history offers additional destinations for summer road trips

Britannia’s multi-storey mill strikes an industrial presence
amid spectacular natural beauty. (Photo: Greg Klein)

Amid stunning scenery halfway between Vancouver and Whistler, the Britannia Mine Museum comprises B.C.’s top such attraction. In operation from 1904 to 1974, this was for a while the British Commonwealth’s biggest copper producer. Now a National Historic Site, its features include 45-minute tours with a short underground train ride, entertaining and knowledgeable guides, gold panning, interactive exhibits and, in a multi-storey mill along the mountainside, a light, sound and special effects show “unlike anything else in North America.” Just outside the museum, early- and mid-20th century buildings remain from what was once an isolated company town.

Located on the Sea-to-Sky (#99) Highway, 45 minutes north of Vancouver and the same distance south of Whistler. Open seven days 9:00 to 5:30. More info.

 

South of Nanaimo, the four-hectare Morden Colliery Historic Provincial Park hosts the only substantial remnants of a coal industry that predominated on Vancouver Island starting in the 1850s. This mine operated between 1913 and 1921, and features a 22.5-metre concrete reinforced headframe and a coal-tipping structure that’s one of just two of its kind left in North America. While in town, stop by the Nanaimo Museum for a small but excellent coal mining exhibit.

Directions: On Highway 1 about nine kilometres south of Nanaimo, turn east on Morden Road and follow it for one or two minutes. Long-overdue restoration work might cause temporary closures. Try BC Parks’ website for more info.

 

In the upper altitudes of southern B.C.’s east Kootenay district, an open-air train escapes downtown Kimberley’s “Bavarian” kitsch to take visitors through a scenic valley and into Sullivan, a 1909-to-2001 operation that once boasted itself the world’s largest lead-zinc mine. Guides from the Kimberley Heritage Museum and Kimberley Underground Mining Railway present demonstrations at the underground interpretive centre and the powerhouse. Other displays include a core shack.

Buy tickets at the train station 200 metres west of Kimberley’s pedestrian mall. Mining tours leave daily at 11:00, 1:00 and 3:00. Sightseeing train trips that bypass the mine leave at 10:00 on Saturdays, Sundays and holiday Mondays. More info.

 

Mining history offers additional destinations for summer road trips

Barkerville crowds notwithstanding, there’s history
in them thar theme parks. (Photo: Barkerville Heritage Trust)

More social history than mining history and with a focus on family fun, Barkerville Historic Town and Park offers entertaining interpretations of the gold rush boom town founded in 1862. Costumed actors lead tours along streets lined with reconstructed period buildings and displays of 19th century mining infrastructure. Plays, concerts and variety shows at the Theatre Royal continue the theme park ambience, while the “immersive experience” offers activities ranging from gold panning to heritage cooking lessons and a blacksmithing workshop. Accommodation in and around the park includes a small hotel, B&Bs, cottages and campgrounds.

Located at the end of Highway 26, 204 kilometres northeast of Williams Lake and 86 kilometres east of Quesnel, all towns on B.C.’s Gold Rush Trail driving route. Open 8:00 to 8:00 until September 2. Museum exhibits close during the off season but the town’s main street remains open for parts of the year. Check the schedule for dates and times. More info.

 

Another historic theme park, although not directly related to mining despite being borne of a gold rush, Fort Steele Heritage Town got its name from Sam Steele, a Mountie whose exploits would have made him a frontier legend in the U.S. or Australia. The reconstructed town’s extensive attractions focus on town life and offer insights into a number of skills including gold panning. About six kilometres away and part of the provincial heritage site sit a few remains of Fisherville, where an 1864 discovery sparked the Wildhorse Creek rush. Self-guided brochures are available.

Located off Highway 93 (for some reason aka Highway 95), 16 kilometres northeast of Cranbrook. Open 10:00 to 5:00 until September 1, with some attractions open during the off season. More info.

 

Mining history offers additional destinations for summer road trips

Teck Resources digs deep while a tour group looks on.
(Photo: Kootenay Rockies Tourism)

Step back into the present with tours of actual working mines in B.C.’s east Kootenays operated by Teck Resources TSX:TECK.A/TECK.B. Three of the company’s open pit metallurgical coal operations welcome the public this summer. Saturday bus tours leave the town of Elkford during July for two-hour trips to Greenhills and during August for two-and-a-half-hour trips to Fording River. Bus tours from the town of Sparwood leave Tuesdays, Wednesdays and Thursdays for two-hour trips to the Elkview mine.

Elkford and Sparwood are about 34 kilometres apart on opposite ends of Highway 43. For further info and reservations, call the Elkford Visitor Centre at 1-855-877-9453, and the Sparwood Chamber of Commerce at 1-877-485-8185. Last trips leave Elkford August 31 and Sparwood August 29. Sparwood’s CoC also hosts a Mining History Walking Tour that points out mining machinery and other memorabilia around town.

See Part 2 about the prairie provinces, Part 3 about Ontario and Quebec, and Part 4 about the Atlantic provinces.