Miningi Mining Novembernovember 220120 Exploration Dollars Hit Major Mining Projects Record High in Nunavut Lining up in NWT
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NWT NUNAVUT ReportReport on MiningMi Mining NovemberNovember 220120 Exploration dollars hit Major mining projects record high in Nunavut lining up in NWT •Future glitters • Positive year •Geoscience •Roche Bay Iron for NWT mines for Avalon’s Forum to mark gets help rare earths site 40 years from China A2 NEWS/NORTH NWT, November 2012 NWT/ NUNAVUT MINING `rNs/OsCh8i3j5 tu1Z5 Wdt1Q5 tu1Z5 W?9Oxt5ti3j5 tu1Z5 Click here NWT/ NUNAVUT MINING NEWS/NORTH NWT, November 2012 A3 photo courtesy of De Beers Canada An aerial look at De Beers Canada's Snap Lake mine, 220 km northeast of Yellowknife. Snap Lake has produced 881,000 carats since its opening in 2008. The company has spent $1.8 billion on capital and operating expenses. Future glitters for NWT mines Positive feasibility studies for several exploration projects by NNSL staff Northern News Services fact file NWT The NWT's three diamond mines may Mine Owner Commodity Basic facts Latest developments have some company in the coming years as Ekati Mine BHP Billiton, Diamonds Canada’s first and largest diamond mine, 310 2011 Year in Review report released. BHP Billiton is conducting other mineral and base and precious metal Chuck Fipke and km. NE of Yellowknife. Open pit and underground. review of diamonds business and potential sale. deposits come into production. Stu Blusson Mine life to 2019. Workforce approximately 1,500. Fortune Minerals' NICO cobalt, gold, Diavik Mine Rio Tinto and Diamonds Canada’s largest diamond producer, 300 km NE One million tonne underground production reached in May. Mine bismuth and copper project 50 km northeast Harry Winston of Yellowknife. Open pit and underground, but will life now confirmed to 2023 with production from additional pipe, be all underground in 2012. Mine life to 2023. called A21. Rio Tinto is conducting review of diamonds business of Whati has now completed environmental Workforce approximately 1,000. and potential sale. hearings. A decision from the Mackenzie Snap Lake De Beers Diamonds Canada’s first all underground diamond mine. Commenced commercial production on January 16, 2008 and the Valley Environmental Impact Review Board Mine Located 220 kilometres NE of Yellowknife. Mine official mine opening took place on July 25, 2008. is expected before the end of the year. The life to 2028. Workforce approximately 678. metal reserves on site could lead to a mine Cantung North American Tungsten, Cantung is in the mountains of western Northwest June news release reports significant new underground life of nearly 20 years and an anticipated Mine Tungsten copper Territories, approx. 300 km by road NE of Watson exploration results in “Amber Zone.” 269 jobs during the project's peak years. Lake, Yukon. Mine life to 2014. Approximately 200 De Beers and partner Mountain Prov- jobs. ince Diamonds have public hearing dates Nechalacho Avalon Rare Rare earth Proposed underground mine 100km SE of Avalon submitted responses to 2nd round of information requests set in late November and early December Metals metals Yellowknife. to the environmental impact review board for environmental for their environmental review on the pro- Estimated mine jobs: 200 assessment. Avalon signed 1st of 3 agreements with equity posed Gahcho Kue diamond mine, 180 km participation with the Deninu K’ue First Nation. northeast of Yellowknife. NICO Fortune Minerals Cobalt-gold- Proposed open pit and underground mine located Environmental public hearings have concluded. Ltd. bismuth- 50 km NE of Whati. Tyhee Gold Corporation's Yellowknife copper Estimated mine jobs: 150 Gold Project, proven to contain 1.33 mil- Yellowknife Tyhee Gold Corp. Gold Proposed open pit and underground mine of 4 Positive feasibility study announced Aug. 15, submitted to Review lion ounces of gold, was in receipt of a Gold Project deposits about 90 km NE of Yellowknife. Board as part of active environmental review. positive feasibility study as of mid-August. Estimated mine jobs: 238 There are 238 jobs expected to be generated Prairie Canadian Zinc Lead-zinc- Proposed underground mine 120 km west of Fort Project in permitting and licensing. Preliminary Feasibility Study through that project. Creek Corporation silver Simpson. results issued June 27. Canadian Zinc Corporation, owner of Estimated mine jobs: 220 the proposed Prairie Creek mine, which Gahcho Kue De Beers & Diamonds Proposed open-pit diamond mine approximately Public hearing dates for Environmental Impact Review finalized for holds a trove of lead, zinc and silver, also Mountain 180 km ENE of Yellowknife, NT. Estimated mine Nov. 30-Dec. 8 in Dettah, Lutsel K’e, & Yellowknife. have a positive feasibility study in hand. Province jobs: 360 Located 120 km west of Fort Simpson, that Pine Point Tamerlane Lead-zinc Company proposes underground mine east Company has requested change to audit and decline from shaft project is now in the permitting and licens- Ventures of Hay River using freeze technology for water to test mine the R-190 deposit. Resource is defined; permitted for ing stage. Close to 220 jobs are associated management. Estimated mine jobs: 225 construction; extensive infrastructure with future operations. Courageous Seabridge Gold Gold Proposed open pit mine 240 km northeast of Positive Preliminary Feasibility Study released July 24 with 6.5 Lake Yellowknife million ounces proven and probable reserves. Exploration budget Seabridge Gold is sitting on 6.5 million of $8.5 million this year. Annual report released in May. ounces of proven and probable reserves at Selwyn Selwyn Chihong Zinc, lead Proposed underground mine in Yukon on NWT Feasibility study to be done this year. Resource updated in its Courageous Lake site, 240 km northeast Project border and access is through NWT. Agreements August and surpasses 180 million tonnes. In early Sept, Selwyn of the NWT capital. The company received signed with NWT (Sahtu) Aboriginal land suspended its Strategic Review Process as it contemplated the a positive preliminary feasibility study in corporations. effects of "the worst economic times in recent memory" and July. potential sale of the project. See the adjacent chart for further details Source: NWT and Nunavut Chamber of Mines (September 2012) on these promising prospects as well as others. NORTHERN NEWS SERVICES LIMITED A SECTION photo courtesy of Agnico-Eagle Mines 100% NORTHERN OWNED & OPERATED NWT/NUNAVUT MINING 2012 PUBLISHERS OF: DEH CHO DRUM CONTENTS COPYRIGHT A shovel loads a haul truck on site at the Meadowbank INUVIK DRUM – KIVALLIQ NEWS Gold Mine near Baker Lake, Nunavut. NEWS/NORTH – YELLOWKNIFER PUBLISHER: JACK (SIG) SIGVALDASON HAY RIVER HUB GENERAL MANAGER: MICHAEL SCOTT B SECTION photo courtesy of Diavik Diamond Mines Inc. MEMBER: MANAGING EDITOR: BRUCE VALPY CANADIAN COMMUNITY NEWSPAPERS ASSOCIATION A worker feeds a support cable to one of the four 100- ONTARIO COMMUNITY NEWSPAPERS ASSOCIATION PUBLISHED ANNUALLY BY NORTHERN NEWS SERVICES LIMITED MANITOBA COMMUNITY NEWSPAPERS ASSOCIATION BOX 2820 YELLOWKNIFE, NT X1A 2R1 metre wind turbines at Diavik Diamond Mine. ALBERTA WEEKLY NEWSPAPERS ASSOCIATION SASKATCHEWAN WEEKLY NEWSPAPERS ASSOCIATION WEB: www.nnsl.com ONTARIO, MANITOBA AND ALBERTA PRESS COUNCILS BAFFIN BUREAU – IQALUIT KIVALLIQ BUREAU – RANKIN INLET DEH CHO BUREAU – FORT SIMPSON SOUTH SLAVE BUREAU – HAY RIVER NORTH SLAVE BUREAU – YELLOWKNIFE MACKENZIE DELTA BUREAU – INUVIK HAY RIVER HUB – HAY RIVER Ph: 867-979-5990 Fax: 867-979-6010 Ph: 867-645-3223 Fax: 867-645-3225 Ph: 867-695-3786 Fax: 867-695-3766 Ph: 867-874-2802 Fax: 867-874-2804 Ph: 867-873-4031 Fax: 867-873-8507 Ph: 867-777-4545 Fax: 867-777-4412 Ph: 867-874-6577 [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] Fax: 867-874 2679 A4 NEWS/NORTH NWT, November 2012 NWT/ NUNAVUT MINING manages more than ONE THOUSAND APARTMENTS with PRIME LOCATIONS throughout Yellowknife. Our properties are comfortable, clean & secure with competitive rental rates. We specialize in helping people find the right place to call home. APARTMENTS FOR RENT 867-766-6783 FAX 867-766-6778 COMMERCIAL PROPERTIES 867-873-4085 Unit 102 4817-49th Street YELLOWKNIFE, NT www.npreit.com [email protected] pect more from... E Capital Suites Click here NWT/ NUNAVUT MINING NEWS/NORTH NWT, November 2012 A5 Positive developments for Avalon's rare earths site Feasibility study close and new agreements propel Nechalacho property NNSL file photo Avalon Rare Metals Inc. president Don Bubar, left, and Louis Balsillie, chief of the Deninu K'ue First Nation, shake hands on an Impact Benefits Agreement in Fort Resolution on July 30, 2012, for Avalon's proposed Nechalacho rare earths mine at Thor Lake. NWT premier Bob McLeod, Federal Treasury Board president Tony Clement and Avalon vice-president of operations David Swisher look on. by Sara Wilson according to Bubar the Deninu K’ue will three, we’re planning to build in the Northwest tonnes of rare earth metals, and an estimated Northern News Services "become more and more involved in the indus- Territories. First would be the concentrator at mine life of 20 years. The project is expected Thor Lake try as to become actual owners of interest in the mine site, then we’re hoping to put a hydro- to provide more than 200 jobs and training It's been an exciting year for Avalon Rare mineral interests and mines." metallurgical plant in the Pine Point area (42 programs will be developed to train a local Metal’s Nechalacho project at Thor Lake, As of May 2012, Avalon has km east of Hay River)." workforce. located 100 km southeast of Yellowknife. invested close to $71 million on The third facility will be a sep- "We’re going on training programs to ensure The company is close to releasing its feas- exploration, developing drilling "If it wasn't aration plant that requires large as many people as possible have the skills ibility study and has devised a new approach to over 85,240-metres.