Friday 18th October 2019

Resource Clips


Posts tagged ‘zinc’

MGX Renewables/Zinc8 provides unique energy storage for innovative building

October 16th, 2019

by Greg Klein | October 16, 2019

New technology will help conserve energy in an architecturally distinct new home now under construction in suburban Vancouver. MGX Renewables’ (CSE:MGXR) zinc-air energy storage system has been chosen for 75.9 House, a design by acclaimed architect Omer Arbel. The building’s structure will be distinguished by cement poured into fabric forms instead of plywood structures, providing not only strong thermal insulation but also a sculpted look that blends into the landscape. Arbel’s design was one of only two Canadian projects shortlisted for the future homes award at the World Architecture Festival to be held in Amsterdam next December.

MGX Renewables Zinc8 provides unique energy storage for innovative building

A depiction of 75.9 House,
now under construction in Surrey, B.C.

The energy storage system uses proprietary and patented technology of MGX Renewables, soon to be renamed Zinc8 Energy Solutions. President/CEO Ron MacDonald called the project “a significant milestone towards the commercialization of our breakthrough, long-duration, energy storage technology.”

Drawing on solar-generated energy, storage capacity for 75.9 House will start at 40 kW and 160 kWh and can be modified to accommodate increased demand.

As a modular system, Zinc8 can deliver power ranging from 20 kW to 1 MW or more, and energy from 160 kWh to 8 MWh or more, the company stated. The rechargeable zinc-air battery “can be configured to support a wide range of discharge power, recharge power and duty cycle requirements…. A very cost-effective and scalable solution now exists as an alternative to the fixed power/energy ratio of the lithium-ion battery for users requiring high storage capacity.”

“We are extremely excited to be working with Zinc8 to implement a new innovative zinc-air energy storage system for our build,” commented property owner Joe Haley. “Working with our world class architect with the intention to achieve a net zero home in this all-concrete modern structure, we feel this house will be one for the ages with its forward thinking and design.”

Paved with promises II

October 9th, 2019

The North’s infrastructure deficit impacts sovereignty, the economy and quality of life

by Greg Klein

The North’s infrastructure deficit impacts sovereignty, the economy and quality of life

The Chinese government’s majority-held Izok Corridor project
would benefit from Canadian infrastructure. (Photo: MMG Ltd)

 

This is the second of a two-part series. See Part 1.

Canada would gain a deep-water arctic port, Nunavut would get its first road out of the territory and mineral-rich regions would open up if two mega-proposals come to fruition. Recent funding announcements to study the Northwest Territories’ Slave Geological Province Corridor and Nunavut’s Grays Bay Road and Port projects could lead to a unified all-season route from a highway running northeast out of Yellowknife to stretch north through the Lac de Gras diamond fields, past the Slave and Izok base and precious metals regions, and on to Arctic Ocean shipping.

In mid-August, as federal and NWT elections neared, representatives from both levels of government announced a $40-million study into a possible 413-kilometre all-season route linking the NWT’s Highway #4 with a proposed Nunavut road. The project would also extend the NWT electrical grid to the Slave region, which straddles both sides of the NWT-Nunavut border.

The North’s infrastructure deficit impacts sovereignty, the economy and quality of life

Isolated Grays Bay could become an arctic shipping hub,
helping fulfill a dream that dates back to John Diefenbaker
and, not exactly a contemporary, Martin Frobisher.
(Photo: Grays Bay Road and Port Project)

That same month the federal and Nunavut governments, along with the Kitikmeot Inuit Association, announced $21.5 million to study a possible 230-kilometre Nunavut section. That proposal includes building a deep-sea port at Grays Bay, about midway along the Northwest Passage. Supporters hope to reach the “shovel-ready” stage in two to three years.

A “champion and proponent” of the project, KIA president Stanley Anablak said, “We know that this is only the first step, but if it is constructed, this infrastructure project will be a game-changer with respect to improved community re-supply, marine safety, arctic sovereignty, regional economic development and international investment.”

KIA perseverance helped revive the proposal after Ottawa refused to provide majority funding for the $527-million estimate in April of last year, 18 months before the federal election.

Another supporter is MMG Ltd, with two advanced base metals deposits in the region: Izok holds 15 million tonnes averaging 13% zinc and 2.3% copper, while High Lake shows 14 million tonnes averaging 3.8% zinc and 2.5% copper.

The North’s infrastructure deficit impacts sovereignty, the economy and quality of life

The Nunavut portion of a grand trans-territorial proposal.
(Map: Grays Bay Road and Port Project)

The Kitikmeot region “hosts some of the world´s more attractive undeveloped zinc and copper resources,” MMG stated. “However, located near the Arctic Circle and with no supporting infrastructure, these resources have remained undeveloped since their discoveries roughly 50 years ago.”

But could a supposed nation-building project become a nation-buster, compromising sovereignty for the sake of another country’s new silk roads? The proposal’s main beneficiary “will be the Chinese government, more so than the government of Nunavut or the government of Canada,” Michael Byers told the National Post in August.

About 26% of MMG stock trades on the ASX. China’s state-owned China Minmetals Corp owns the rest.

Byers, a political science prof and holder of the Canada Research Chair in Global Politics and International Law, “does not see a problem with a Chinese-controlled company operating mines in Canada,” the NP stated, “but he wonders if the company will be allowed to bring in Chinese workers to build the road and if Canadian taxpayers should foot the bill.”

The prospect of a Chinese company importing Chinese workers for a Canadian resource project has already been demonstrated by HD Mining International. In 2012 the company planned to staff underground operations at a proposed British Columbia coal mine exclusively with Mandarin-speaking Chinese. The mine was later put on hold, but not before an 18-month bulk sampling program conducted entirely by Chinese workers.

A new Grays Bay port and 350-kilometre all-season road formed part of the 2012 pre-feasibility study for MMG’s proposed mine. The company has since backed away from the estimated $6.5-billion price tag, calling for collaboration with others to build regional infrastructure.

We know that this is only the first step, but if it is constructed, this infrastructure project will be a game-changer with respect to improved community re-supply, marine safety, arctic sovereignty, regional economic development and international investment.—Stanley Anablak,
president of the
Kitikmeot Inuit Association

Certainly other companies would benefit too, as would the communities represented by the KIA. And as for sovereignty, neglecting infrastructure would cause the greater setback. That’s the perspective of a Senate report issued in June that called for several measures to expand the northern economy and enhance its culture. “The impact of federal under-investment hits hardest on the Arctic’s greatest asset, Indigenous youth,” the committee emphasized. “Opportunities for nation-building can no longer be missed.”

Among the senators’ priorities were energy and communications, as well as transportation, for the benefit of communities and industry. The committee recognized that mining comprises “the largest private sector employer in the Arctic, contributing to 20% to 25% of the GDP of the northern territories and supporting about 9,000 jobs directly, or one in every six jobs.”

The report also noted “growing global interest in the Arctic and rising international rivalry outside of the Arctic. Several non-arctic states in Europe and Asia have developed arctic policies or strategies.” Canada’s sovereignty over the Northwest Passage and other arctic waters depends on the principle of use it or lose it, the committee suggested.

The Northwest Passage route to Asia had been an alternative considered by Baffinland Iron Mines, the Nunatsiaq News reported last month. With ambitious infrastructure proposals of its own, the Baffin Island company currently relies on  trans-Atlantic routes to Europe and has also used Russia’s Northern Sea Route to reach Asia.

As part of its Phase II plans to increase production, Baffinland has applied for permission to build the territories’ second railway, which would run north from the Mary River mine to the company’s Milne Inlet port, now reached by a 100-kilometre freight road. The new track would precede a 150-kilometre southern rail extension to a port the company would build at Steensby Inlet. The Steensby route and facilities received environmental approvals in 2014.

This is the second of a two-part series. See Part 1.

Related reading: Reaching arctic mines by sea.

Paved with promises

October 7th, 2019

The North’s infrastructure needs get some attention from campaigning politicians

by Greg Klein

This is the first of a two-part series. See Part 2.

Could this be the time when decision-makers finally get serious about Northern infrastructure? With one territorial election just concluded and a deficit-budget-friendly incumbent federal party campaigning for re-election, Yukon, Northwest Territories and Nunavut might have reason to expect definitive action demonstrated by men, women and machinery at work. But while some projects show real progress, much of Canada’s Northern potential remains bogged down in talk and studies.

The North’s infrastructure deficit gets some attention from campaigning politicians

That’s despite some $700 million allocated to the North in Ottawa’s pre-election budget and months of Liberal spending promises since then. Not all that money was intended for infrastructure, however, and even some of the projects labelled that way turn out to be social or cultural programs. Not necessarily new money either, much of it comes out of Ottawa’s $2-billion National Trade Corridors Fund, now two years into an 11-year program that promised up to $400 million for transportation infrastructure in the three territories by 2028.

Yukon, once again home to active mining, has $157 million planned to upgrade the North Klondike Highway from Carmacks up to the mineral-rich White Gold region, where the Dempster Highway branches off towards Inuvik.

The Klondike section slated for upgrades has connections to a new mine and a soon-to-be revived operation. Highway #11 turns east from the Klondike, meeting with a 90-kilometre year-round service road to Victoria Gold’s (TSXV:VIT) recently opened Eagle operation.

The Minto copper-silver-gold mine that Pembridge Resources plans to restart in Q4 has a 20-kilometre access road with seasonal barge service or ice bridge crossing the Yukon River to the Klondike Highway at Minto Landing. From there, the company will ship concentrate to the Alaska Panhandle deep water port of Skagway.

The North’s infrastructure deficit gets some attention from campaigning politicians

With no deep water facilities of its own, Yukon connects
with the Alaskan port of Skagway and, pictured above,
the B.C. port of Stewart. (Photo: Stewart Bulk Terminals)

Intended to increase safety and capacity while addressing permafrost thaw, the North Klondike Highway project gets $118 million from Ottawa and $29 million from the territory. The money will be spent over seven years beginning in 2020.

A July feasibility report for BMC Minerals’ Kudz Ze Kayah polymetallic copper mine foresees concentrate shipment along a 24-kilometre access road to southern Yukon’s Highway #4, part of a 905-kilometre journey to Stewart, British Columbia, the continent’s most northerly ice-free port.

Another project approaching development but more distant from highways, Newmont Goldcorp’s (TSX:NGT) proposed Coffee gold mine calls for a 214-kilometre all-season road north to Dawson City. But with upgrades to an existing service road, the route would require only 37 kilometres of new construction.

In the NWT, work began last month on the Tlicho all-season road to connect the hamlet of Whati with Yellowknife, 97 kilometres southeast. Expected to finish by fall 2022, the $200-million P3 project would replace an existing ice road, giving communities year-round access to the highway system and encouraging resource exploration and development.

[The Tlicho road], which includes Indigenous participation from the Tlicho Government, is great news for our industry and a positive step forward in addressing the infrastructure deficit in the Northwest Territories.—Gary Vivian, NWT and Nunavut
Chamber of Mines president

About 50 kilometres north of Whati, Fortune Minerals’ (TSX:FT) NICO cobalt-gold-bismuth-copper project undergoes studies for a scaled-down feasibility update in light of lower cobalt and bismuth prices. Fortune has already received environmental approval for a spur road to Whati, part of a plan to truck NICO material to Hay River where the territories’ only rail line (other than short tourist excursions in southern Yukon) connects with southern Canada.

A much more ambitious priority of the NWT’s last legislative assembly was supposed to have been the Mackenzie Valley Highway, a Diefenbaker-era dream that would link the territory’s south with the hamlet of Tuktoyaktuk on the Arctic Ocean. The subject of numerous studies, proposals and piecemeal construction for about 60 years, the proposal has received more than $145 million in taxpayers’ money since 2000.

A 149-kilometre stretch from Inuvik to Tuk opened in 2017, linking the ocean with the Dempster route to the Yukon. Now underway are studies for a 321-kilometre route between Wrigley and Norman Wells, where further driving would depend on an ice road. Assuming receipt of environmental approvals, native agreements and an estimated $700 million, the NWT’s last assembly hoped construction on the Wrigley-to-Wells portion would begin in September 2024.

Far more ambitious proposals for the NWT and Nunavut took initial steps forward with funding announcements made just prior to the federal election campaign’s official start. Part 2 of this series discusses the Slave Geological Province Corridor and Grays Bay Road and Port projects.

Mining returns to the Yukon

September 20th, 2019

Advanced projects prepare to follow Victoria Gold into production

by Greg Klein

Advanced projects prepare to follow Victoria Gold into production

Rich geology trumps challenging geography in Yukon’s appeal to miners.
(Photo: Victoria Gold)

 

If John McConnell seemed a tad tipsy it might have been due to giddiness, not the super-sized wine goblet he brandished. Either way, celebration was in order as the president/CEO of Victoria Gold TSXV:VIT took the podium at the Denver Gold Show this week to preside over a ceremonial first doré bar at Yukon’s new Eagle operation. The event marked not only the resumption of mining in one of the world’s most fabled mining regions, but the beginning of Yukon’s largest-ever gold mine. Meanwhile other companies vie to expand the industry’s territorial presence.

The festivities took place one month ahead of schedule and within a revised budget intended to address a capex miscalculation that marked one of the low points during what McConnell called a decade of ups and downs. Expected to produce an average 200,000 gold ounces annually for 10 years, Eagle currently employs about 230 people, half of them Yukoners.

Advanced projects prepare to follow Victoria Gold into production

Minto’s suspension left Yukon without a mine for
nearly a year, but a new owner plans a Q4 restart.
(Photo: Pembridge Resources)

The territory lost its last mining operation in October, but a new owner plans to bring that one back to production by Q4 this year. Capstone Mining TSX:CS put Minto on care and maintenance as acquisition negotiations faltered, but LSE-listed Pembridge Resources closed the purchase in June. Proven and probable reserves totalling 40,000 tonnes copper, 420,000 ounces silver and 45,000 ounces gold give Minto an estimated four more years of production.

Pembridge hopes to extend that, however, noting that “Minto had successfully replaced and grown reserves by 103%, adding new discoveries each year up until 2013.” That’s when Capstone suspended Minto exploration, after buying the much larger Pinto Valley copper mine in Arizona from BHP Billiton NYSE:BHP.

The central Yukon combined open pit/underground mine began operation in 2007. Pembridge wants its new cornerstone asset to achieve annual production of about 40 million pounds copper in concentrate, along with silver-gold byproducts.

Waiting in the wings with a project comparable to Eagle, Newmont Goldcorp’s (TSX:NGT) Coffee now has a territorial environmental/socio-economic review underway. Like Eagle, this would be an open pit, heap leach operation. The 2016 feasibility study by previous operator Kaminak Gold projected 10 years of mining, averaging 202,000 gold ounces annually based on a probable reserve of 2.16 million ounces. But last year, following Goldcorp’s 2016 acquisition of Kaminak, the new owner slashed that number to 1.67 million ounces.

Goldcorp cited different standards for drill spacing, geological modelling and other criteria but expected to rebuild the reserve with an 80,000-metre infill drill program scheduled for this year. More recently, however, the merged Newmont Goldcorp has talked about divesting some assets, casting uncertainty over Coffee’s near-term agenda.

But by far the territory’s biggest proposed mine would be Western Copper and Gold’s (TSX:WRN) Casino, in west-central Yukon. A 2013 feasibility report foresaw a combined heap leach and milling operation with 22 years of annual output averaging 171 million pounds copper, 266,000 ounces gold, 1.43 million ounces silver and 15.5 million pounds molybdenum.

Advanced projects prepare to follow Victoria Gold into production

Even with a recent feasibility in hand, BMC Minerals
wants to build its Kudz Ze Kayah polymetallic reserve.
(Photo: BMC Minerals)

Although the report boldly envisioned construction beginning in 2016 and commercial production in 2020, the company currently has environmental and engineering studies underway prior to submitting an application for an environmental/socio-economic review. Capex was estimated at $2.456 billion.

Meanwhile Western has two rigs drilling a $3.3-million, 10,000-metre program, with a resource update planned for this year and, coming later, a revised feasibility that the company hopes will extend the mine life.

Operating under the stock market’s radar, privately held BMC Minerals brought its Kudz Ze Kayah polymetallic project in south-central Yukon to full feasibility last July. The report sees a $587-million capex and 20-month construction period for a combined open pit and underground operation producing an annual average of 235 million pounds zinc, 32 million pounds copper, 56 million pounds lead, 7.8 million ounces silver and 56,500 ounces gold.

BMC hopes to lengthen the nine-year mine life by adding reserves and exploring new targets beyond the two zones considered in the feasibility study.

Sharing with Coffee a White Gold district address and a progenitor in legendary prospector Shawn Ryan, White Gold TSXV:WGO holds 35 properties covering some 439,000 hectares. Last June the company released resource updates for its two most advanced deposits. Golden Saddle hosts an open pit resource of 1.01 million gold ounces indicated and 259,600 ounces inferred, along with an underground resource of 12,200 ounces indicated and 54,700 ounces inferred. The Arc deposit adds an open pit resource of 17,700 ounces indicated and 194,500 ounces inferred.

With money from Agnico Eagle Mines TSX:AEM and Kinross Gold TSX:K, each holding 19% of White Gold, the company has a $13-million drilling, trenching and sampling campaign now targeting Golden Saddle and the new Vertigo discovery, along with other areas. Among noteworthy intercepts was 3.59 g/t gold over 68 metres starting from 73 metres at Golden Saddle. Using a method integral to Ryan’s successes, soil sampling surpassed 100,000 ppb gold at the new Titan discovery, the highest value on the company’s database of over 400,000 soil samples.

Taking advantage of a past producer with all permits in place, Golden Predator Mining TSXV:GPY last month stated it began site re-development work and “provided formal notice to the Yukon government to move the Brewery Creek mine into the production phase.” The company has also stated it plans a feasibility study before making a production decision. Located about 55 kilometres east of Dawson City, the open pit and heap leach operation produced about 279,000 gold ounces between 1996 and 2002. The company plans at least 6,000 metres of drilling this year to build on a 2014 PEA.

The Red Lake resurgence

September 16th, 2019

Miners and explorers seek ever more gold from this busy Ontario district

by Greg Klein

Miners and explorers seek ever more gold from this busy Ontario district

Benefiting from reinterpretation of past work, Great Bear now
has three rigs drilling Dixie Lake. (Photo: Great Bear Resources)

 

A new gold producer on the way, attention-grabbing assays from a well-financed junior and high hopes for the price of gold—could that in any way explain the current excitement at Red Lake? A region that’s produced 30 million ounces since its first rush in 1926 still has more gold to mine and, explorers believe, more mines to find.

Just as Newmont Goldcorp TSX:NGT was considering the sale of its Red Lake operations, Pure Gold Mining TSXV:PGM began building Madsen Red Lake, billed as Canada’s highest-grade gold development project. But, as far as juniors are concerned, the district’s biggest newsmaker has been Great Bear Resources’ (TSXV:GBR) Dixie Lake property.

While focused on British Columbia’s Golden Triangle in 2017, Great Bear optioned Dixie from Newmont, also getting decades of data from over 160 historic holes. Given the succession of companies that drilled and departed, the data might have seemed more encumbrance than encouragement. Undeterred, Great Bear geologists began relogging core to “resolve geological differences between generations of work dating back to the 1980s and provide a coherent framework for the company’s own drilling.”

The prepping paid off. That summer’s Phase I program found success with its first hole and reached up to 16.84 g/t gold over 10.4 metres in hole #5 at the Dixie Limb zone. As the campaign progressed, the company tripled its turf to cover a potential gold-bearing structure of regional significance.

Miners and explorers seek ever more gold from this busy Ontario district

Pure Gold conducts underground test mining at Madsen Red Lake.
(Photo: Pure Gold Mining)

More expansions followed, with assays reaching up to 26.91 g/t over 16.35 metres at the newly discovered and near-surface Hinge zone. Financings came through too, most notably with an $11.1-million infusion that included a total of $5.7 million from McEwen Mining TSX:MUX and Rob McEwen himself, progenitor of Red Lake’s last renaissance. The Canadian Mining Hall of Fame credits him with transforming the Goldcorp mine “from a 50,000-ounce producer in 1997 to a 500,000-ounce producer in 2001, while cash costs fell from $360 per ounce to $60 per ounce over this period.”

The stock soared past $2 from about $0.58 pre-McEwen. The grades, discoveries and financings continued, even with what president/CEO Chris Taylor called “the cheapest discovery hole we’ve ever had.” That happened after a keen-eyed geo spotted high-grade visible gold on unassayed core that had been neglected for 12 years. Clearly, the company was on to something when its management decided past operators had overlooked Dixie’s promise.

Great Bear now has three rigs at work.

But this is no spectator sport, as the inevitable influx demonstrated. One of the more recent arrivals was Belmont Resources TSXV:BEA, which earlier this month optioned about 6,700 hectares from Pistol Bay Mining TSXV:PST. But the attraction was base metals more than the yellow stuff. Belmont’s new Fredart/Gerry Lake and adjoining claims show a geological setting similar to Pistol Bay’s Garnet Lake, the companies stated. Using a 3% zinc-equivalent cutoff, Garnet’s 2017 inferred resource showed 2.1 million tonnes averaging 5.78% zinc, 0.72% copper, 19.5 g/t silver and 0.6 g/t gold. 

Miners and explorers seek ever more gold from this busy Ontario district

Visible gold attests to Great Bear’s confidence in Dixie Lake.
(Photo: Great Bear Resources)

An historic, non-43-101 resource for Belmont’s Fredart zone estimated 385,000 tonnes averaging 1.56% copper and 33.6 g/t silver. Historic drilling on the acquisition’s Joy-Caravelle area shows non-43-101 results including 21.6% zinc and 0.13% copper over 0.25 metres.

Up to recently, Pistol Bay’s portfolio had been about 25 kilometres northeast of Dixie Lake. But the company moved closer in July, with an option on 2,130 hectares southeast of Great Bear. Part of the former Goldpines claims, the property’s past work consisted mainly of geochemical sampling.

An NSR held by Perry English on Fredart hints at the prospector’s impact on the district. English sold the Dixie and Packwash properties to Great Bear and, under an LOI signed earlier this month, will vend Red Lake’s Camping Lake and Bruce Lake projects to Prime Meridian Resources TSXV:PMR.

Spurred on by recent grab samples as high as 19 g/t, 23.3 g/t and 126.5 g/t gold, Pacton Gold TSXV:PAC plans 10,000 metres of drilling to begin next month at its Red Lake project. Historic work included sampling, trenching and drilling.

A more advanced project towards the district’s eastern reaches, First Mining Gold’s (TSX:FF) Springpole reached PEA in 2017 with an indicated 4.67 million gold ounces and 24.19 million silver ounces, along with an inferred 230,000 gold ounces and 1.12 million silver ounces.

Proximal to both Newmont Goldcorp and Pure Gold, Nexus Gold’s (TSXV:NXS) McKenzie project underwent a spring field program that scored a sample result of 135.4 g/t gold. In August the company signed an LOI with privately held Hawkmoon Resources that could have the latter company acquire or JV on Nexus’ Canadian projects.

With a Phase I drill program of at least 2,500 metres well underway, BTU Metals TSXV:BTU hopes to find evidence that Great Bear’s high-grade LP fault structure crosses BTU’s Dixie Halo property.

Under an LOI signed last week, Maxtech Ventures CSE:MVT would acquire the Panama Lake project from Benton Resources TSXV:BEX. The latter company assembled the property by staking, last year adding the former Goldcorp Ben Lake project. This year’s drilling produced assays up to 1.23 g/t gold over 6.5 metres.

Some other companies in the district include Confederation Minerals TSXV:CFM, which last May added the Leo property to its Red Lake portfolio with the company’s 70%-held Newman Todd property.

This month GoldON Resources TSXV:GLD completed prospecting and soil sampling on its West Madsen project optioned from Great Bear last May. GoldON sees rare earths as well as gold potential in the property.

Meanwhile Madsen begins construction, with commercial production expected by the end of 2020. The project came together quickly after Pure Gold, then called Laurentian Goldfields, assembled claims including the former Madsen mine in late 2013 and early 2014. Within five years Pure Gold built a resource of 2.06 million ounces indicated and 467,000 ounces inferred. That includes a probable reserve of 3.51 million tonnes averaging 8.97% for 1.01 million ounces that’s expected to keep the mine busy for 12 years.

Deep-pocketed support comes from AngloGold Ashanti NYSE:AU, Eric Sprott, Rob McEwen and Newmont Goldcorp, who collectively hold over 30% of Pure Gold.

Although the district’s success stories encourage enthusiasm, Red Lake also spawned a cautionary tale. Rubicon Minerals TSX:RMX notoriously skipped feasibility to take its Phoenix project directly from PEA to production in 2015. Six months later the mine shut down. The explanation: Unexpectedly complex geology. The resource shrank dramatically, from 1.13 million gold ounces measured and indicated in 2013 to just 106,000 ounces in 2016. Inferred fell from 2.22 million ounces to 307,000 ounces.

Later that year the company sought creditor protection.

But last month Rubicon bravely unveiled a new PEA with “a lower margin of error and risk.” Still a far cry from the 2013 estimate, however, are the current numbers of 589,000 ounces measured and indicated, along with 540,000 ounces inferred. Chastened, the company plans to begin feasibility studies in Q1 2020.

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.

MGX Renewables advances cathode production for its proprietary energy storage system

September 3rd, 2019

by Greg Klein | September 3, 2019

A company that began trading in July now has cathode production underway for its own zinc-air fuel cell battery. MGX Renewables CSE:MGXR has so far manufactured 300 cathodes for its energy storage system, which uses proprietary and patented technology.

MGX Renewables advances cathode production for its proprietary energy storage system

MGX Renewables says its zinc-air fuel cell battery
offers a scalable alternative to lithium-ion batteries.

With 50 cathodes used for each five kW fuel cell stack, MGX Renewables plans an initial 36 MW of annual equivalent capacity with a minimum storage of eight hours or 288 MWh of storage.

Similar scale fabrication machinery will be added as necessary. The company describes its strategy as hybrid manufacturing, using other suppliers for standardized components such as injection molded pieces while using in-house production for the more technically advanced and proprietary components, such as fuel cell cathodes.

Taking advantage of modular design, the zinc-air fuel cell battery is designed to provide between 20 kW and 50 MW of power, and 120 kWh to one GWh of storage. As an alternative to the fixed power-energy ratio of lithium-ion batteries, the energy storage system offers greater stability to solar- and wind-generated electricity, commercial and industrial backup to replace diesel, and industrial-scale, on-demand power for peak shaving or standby, the company states.

In late August MGX Renewables offered a private placement of up to $500,000.

Emerita Resources confirms high-grade zinc in historic Spanish camp

August 8th, 2019

by Greg Klein | August 8, 2019

Working a region steeped in zinc mining history, the first hole of a drill campaign adds optimism to high-grade historic assays. The initial result grades 4.57% zinc over 9.5 metres starting at 591 metres in downhole depth, and includes a higher-grade sub-interval of 9.02% over 4 metres (true widths). Joint venture partners Emerita Resources TSXV:EMO and the Aldesa Group plan further confirmation drilling to prove up a 43-101 resource on their Plaza Norte project.

Aldesa is a specialized infrastructure company with over 40 years of experience in major projects. Emerita acts as operator for the 50/50 Cantabria del Zinc JV that holds the 3,600-hectare project. The property covers most of the Santillana-San Román syncline on the Reocin Basin known for high-grade Mississippi Valley-type zinc-lead. One of Europe’s biggest zinc producers was the former Reocin mine, which extracted around 62 million tonnes averaging 11% zinc and 1.4% lead up to 2003.

Emerita Resources confirms high-grade zinc in historic Spanish camp

Plaza Norte’s former Mercadal mine operated from 1850 to 1836 and 1955 to 1978, with reported averages of 10% zinc and 1.5% lead.

Plaza Norte’s new result follows drill reports from the 1980s and ’90s on four areas of the property: Yuso, Queveda, San Miguel and Mercadal, the latter a past-producing mine. The first phase of confirmation drilling targets Queveda, where historic, non-43-101 assays showed:

  • 9.72% zinc over 18.95 metres, starting at 557.8 metres

  • 9.82% over 3.22 metres, starting at 560 metres

  • 5.7% over 6.1 metres, starting at 588.9 metres

  • 7.74% over 5.3 metres, starting at 557.3 metres

As confirmation drilling continues, Emerita focuses on an area covering about 1,500 metres by 600 metres. With tighter spacing than previously used, the results should provide data on the structural controls of mineralization as well as build a 43-101 resource.

Regarding a southern Spain property, Emerita expresses confidence that a court will uphold its acquisition of the Aznalcóllar claims. Pending a successful outcome, the company would move the zinc-lead-silver-copper deposit to feasibility studies for an underground mine.

In another possible southern Spain acquisition, Emerita hopes a review board will award the company the Paymogo property with its two zinc deposits.

Last month Emerita closed the second and final tranche of a private placement that totalled $2.22 million.

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.

MGX Renewables introduces new fuel cell, anticipates July trading

June 28th, 2019

by Greg Klein | June 28, 2019

Having completed its spin-out from a parent company, gained conditional listing approval and closed a financing, a new company prepares to bring new technology to the green energy market. MGX Renewables expects to begin CSE trading on or before July 11.

MGX Renewables introduces new fuel cell, anticipates July trading

Over 20 patents went into the creation of the company’s first product, an energy storage system using rechargeable zinc-air fuel cell technology. Offering greater stability to solar- and wind-generated electricity, the system provides backup power that can range from 5 kW to 100 kW by enlarging the fuel tank. Modular design allows the addition of greater capacity.

MGX Renewables says the system overcomes limitations of lithium-ion batteries that are constrained by “a fixed power-to-energy ratio severely limiting flexibility and significantly increasing cost of energy storage when limited output power is required.”

The company says much lower storage costs reflect “a paradigm shift essentially eliminating the traditional fixed power-energy ratio and allowing for scaleable power with highly flexible energy storage.”

Parent company MGX Minerals CSE:XMG spun out approximately 40% of MGX Renewables, retaining about 18 million shares. Gross proceeds of $2,005,000 from a previous subscription have been released to the new company. MGX Renewables received conditional CSE trading approval in April.