Miningi Mining Novembernovember 220120 Exploration Dollars Hit Major Mining Projects Record High in Nunavut Lining up in NWT

NWT NUNAVUT

ReportReport on MMiningi 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

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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

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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. volumes of chemical agents to needed to work on the site," Bubar said. socio-economic agreements between mining "(We’re) finding the best way for the facilitate the extraction process. companies and aboriginal landowners in the to extract the rare earths and It is expected to be built in Lou- North. designing engineering on the pro- rare earths, isiana, U.S. This past June, Avalon entered into an cessing plants to do that, as well that smart Bubar is hoping for a positive "accommodation agreement" with the Deninu as the rest of the engineering for outcome to the feasibility study, K’ue First Nations of Fort Resolution – which the mine, including the drilling phone would as demand for rare earth metals fact file will result in the Deninu K’ue taking a 10 per and engineering," Bubar said. is generally rising due to a high Company: Avalon Rare Metals cent equity interest in the project. The feasibility study is be the size of demand for evolving technology. Capital Investment to date: "I think that it’s the future of how agree- expected to be released in the a suitcase." "Automotive technology, wind $71 million ments between mining exploration companies second quarter of 2013. turbines, electronics ... there isn’t Production start-up: projected for 2016, and First Nations are going to be structured, Included in the feasibility a lot (of rare earths) in these prod- sales in 2017 so what you’re seeing now is kind of an evolu- package are construction plans for required ucts but they are vital to the technology," he Estimated mine life: over 20 years tion happening," said Don Bubar, president and infrastructure estimated to cost $1.2 billion. said. "If it wasn’t for the rare earths, that smart Products: Rare earths with byproducts CEO of Avalon Rare Metals. "There’s basically three processing plants phone would be the size of a suitcase." of tantalum, niobium and zirconium The agreement will also see a capital cost required to process the ore and then separate The company’s pre-feasibility study – Source: Avalon Rare Metals sharing deal between the two parties, and the refined earth oxides," he said. "Two of those released in July 2011 – identified 14.5 million A6 NEWS/NORTH NWT, November 2012 NWT/ NUNAVUT MINING

WORKING IN HARMONY FOR A STRONGER COMMUNITY Respect for the land and its people is at the core of everything we do at AREVA. That means listening more than speaking, treading softly and lending a helping hand wherever we can. A new mining operation would create hundreds of jobs and business opportunities for Nunavummiut. The North isn’t just where we work; it’s part of who we are.

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Baker Lake Ofﬁce ç¸¶¹Ƙé²ÙéàÜª arevaRESOURCESCAsKIGGAVIKCA1-867-793-2000 NWT/ NUNAVUT MINING NEWS/NORTH NWT, November 2012 A7 Joint venture promising for Peregrine Diamonds

photos courtesy of Peregrine Diamonds From left, Daniel Akpaliak, Hugo Grenon and Shawn Dempsey prospect at the Chidliak property this summer.

De Beers Canada and Peregrine Diamonds join forces to advance Chidliak project

by Sara Wilson After De Beers has earned The budget for the 2012 Northern News Services its majority share, should it exploration program was Nunavut choose to go that route, Pere- approximately $8 million, and Peregrine Diamonds’ grine is required to reimburse according to Clements, 20 new Chidliak project is attracting De Beers 49.9 per cent of all kimberlite targets are now some major attention. costs in excess of $58.5 mil- ready to be drill tested. It was announced on Oct. 5 lion. That same exploration pro- that De Beers Canada has the The arrangement with De gram turned up the site's 60th exclusive right to take over as Beers was an easy decision, and 61st diamond producing majority owner in the Chidliak according to Clements, as it kimberlites, and the hunt for deposit. eases the financial burden on more resources is the primary Chidliak, located 120 km the junior exploration com- focus for the year ahead. from Iqaluit, is positioned to pany, which is based out of Peregrine Diamond’s stock become Nunavut’s second pro- Vancouver, B.C. has taken a hit compared Robert Joamie conducts ground magnetics during the 2012 ducing diamond mine, pend- De Beers purchased 2.5 to past years when its share exploration project at the Peregrine Diamonds Chidliak project, 120 ing regulatory approvals and million shares of Peregrine, prices fell to 33 cents per share feasibility studies. as well as made a $2.5 mil- on Aug. 23, a low not seen km from Iqaluit. "We are pleased that the lion payment to past majority since November. 2008. News deal provides a very clear path owner BHP Billiton to secure late last year that BHP Billiton to the delivery of a bankable the right to the potential joint was selling its majority stake "Our current focus is work- feasibility study in a way that venture. in Chidliak accelerated the ing with De Beers on prepara- fact file provides minimal dilution to With the financial aspect decline in Peregrine’s share tion for future work programs," Company: Peregrine Diamonds Peregrine shareholders," said covered, it allows Peregrine to price. Clements said. "Our respect- Location: Baffin Island, 120 km northeast of Iqaluit Brooke Clements, president of focus on its exploration pro- The company’s all-time ive technical teams are fully Number of kimberlites to date: 61 Peregrine Diamonds. gram on the property. high was back in September engaged and we will ensure Budget: $8 million on the 2012 Chidliak exploration Under the terms of the "We completed over 6,200 2009 when shares in the com- that the design and execution program potential joint-venture, De line kilometres of ground geo- pany were trading for $3.59. of future work programs takes Status: Peregrine is preparing plans for an aggressive Beers is required to invest physical surveys and a large As for the coming year, full advantage of the exten- program in 2013 that will feature sampling of several $58.5 million in Chidliak number of high-interest areas Peregrine will focusing its sive diamond experience of De kimberlites with economic potential and continued within five years of entering were evaluated on the grounds attention on Chidliak, with Beers and Peregrine’s many exploration of new kimberlites at Chidliak the partnership to earn 50.1 by prospecting crews," a continued exploration pro- years of successful diamond Source: Peregrine Diamonds per cent interest in the project. Clements said. gram. exploration in Canada." A8 NEWS/NORTH NWT, November 2012 NWT/ NUNAVUT MINING Geoscience marks 40 years More than 800 delegates from all over Forum hosts North America converged on best and Yellowknife for the 39th annual brightest Geoscience Forum last Nov- in Northern ember. This year marks the 40th mining anniversary for the ever-growing conference, and by Sara Wilson Northern News Services similar numbers Yellowknife are expected One of the Northwest this year. Territories' premier indus- NNSL file photo try forums and networking opportunities is celebrating its 40th anniversary this year. The NWT Chamber of Mines' Geoscience Forum, PRAIRIEPRAIRIE CREEKCREEK MINEMINE held Nov. 13 to 15 at Weledeh TSX:TSX: CZNCZN OTC: CZCIF School in Yellowknife, wel- NorthwestNorthwest TerritoriesTerritories comes more than 800 delegates this year. "I think 40 years is just reflective of the importance of our industry. It's grown to become the largest conference in the North, and that's reflective of the importance of our industry in the North," said Tom Hoefer, executive director of the NWT and Nunavut Chamber of Mines. This year's keynote DIAMOND DRILLING HELPER address will be delivered by Dr. Ryan Mathur of Juniata College in Huntingdon, Penn- sylvania. The speech will 60 Million Ounces of Silver focus on the use and value of non-traditional geochemistry for exploration geology. Seminars this year, like last year, will be held at the Capitol Theatre on 54nd street in Yellowknife. This year's topics will ENVIRONMENTAL MONITORING cover: energy in Canada's North, geoscience and exploration, environmental geosciences, permafrost and geoscience outreach and edu- 3 Billion Pounds of Zinc cation. "It's generally representa- tives from industry, government, aboriginal groups and NGOs (non-government organizations); there's a whole host of people that MINERAL EXPLORATION are interested in the mining industry for a variety of rea- sons," Hoefer said. "This is that time of year when you can get everybody under one roof and talk, and 2 Billion Pounds of Lead listen to presentations or they can wander the trade show and see peoples' wares as well." CAMP COOK The event is organized by a committee of members of the NWT and Nunavut Chamber of Mines, Aboriginal Affairs and Northern Development Canada, the Government of the NWT, mining companies and the service industry. TRAINING FOR CAREERS The forum showcases Yellowknife, as hundred of delegates descend on the city with hopes of networking email: [email protected] and learning more about the HEAVY EQUIPMENT OPERATOR industry. In 2010 the conference generated approximately Canadian Zinc Corporation, Suite 1710, 650 West Georgia Street, Vancouver, BC V6B 4N9 $160,000 in spending in Tel: 604-688-2001 • Toll Free: 866-688-2001 • www.canadianzinc.com Yellowknife, according to Hoefer. NWT/ NUNAVUT MINING NEWS/NORTH NWT, November 2012 A9 Navigating the regulations

The Kiggavik site, as pro- Areva’s Kiggavik uranium project posed, will feature four open pits, an underground mine, prepares for first round of public hearings and major infrastructure will need to be built on site to by Sara Wilson session, technical meetings, ing places special responsibil- process the majority of the Northern News Services receive a pre-hearing confer- ities on government because uranium. Baker Lake ence decision by the Nunavut of the nature of uranium and “There will be a barge After a “non-conformity” Impact Review Board, and its byproducts, the history of unloading area in the com- ruling on its 10,000-page draft then participate in public its use for both peaceful and munity (Bake Lake), plus we environmental impact state- information hearings. non-peaceful purposes, and would have a road – at least ment, the Nunavut Review Kiggavik, which boasts an its potential risks to human a winter road – for the first Board and Kivalliq interest estimated 55,000 tonnes or health and the environment,” few years, with the possibility groups have sent approxi- 133 million pounds of uran- the government’s press release for an all-season road, if that mately 400 information ium, has been in the works stated. becomes necessary,” he said. requests to Areva Resources since 2007, when Areva sub- The Government of Nuna- During the construction regarding its Kiggavik uran- mitted its first proposal. vut policy further stated uran- phase, close to 600 jobs are ium project, 80 km west of “(Since 2007) we’ve ium mined in Nunavut shall expected, and about half of Baker Lake. poured $51 million into the be used only for peaceful and those jobs could go to people If the project receives project with an expected environmentally responsible in the Kivalliq region. regulatory approval, the Kig- (construction) start date as purposes. Nunavummiut While there are concerns gavik uranium project will be early as 2017, which depends must be the major benefici- – health and safety, migra- photo courtesy of Areva Resources first of its kind in Nunavut. on getting the project certifi- aries of uranium exploration tion routes and environmental Richard Pudnuk builds core racks on site at the “There were 14 groups cate in 2014 or 2015,” McCal- and mining activities, and the impact – Areva believes the Kiggavik property. that submitted something, lum said. health and safety of workers project will contribute to the and judging from the previ- “It would be then or later, involved in uranium explora- local communities and Nuna- ous projects (of this scale), it won’t be earlier.” tion and mining and all Nuna- vut as a whole. hundreds of information The project received a vummiut shall be protected to It is expected that the pro- fact file requests are common,” said positive push from the Gov- national standards. ject could contribute up to $1 Resources: Mineral resources estimated at 51,000 tonnes Barry McCallum, manager ernment of Nunavut when it “The uranium that billion in tax revenue for the of uranium, about 14 years of operation preceded by three of Nunavut affairs for Areva released its Uranium Policy is mined today is used to territory during the full span to four years of construction; five years of decommissioning Resources. “We’ve responded Statement in June 2012. produce nuclear power and of the project. is projected at the end of the project to the Nunavut Impact Review The newly established there’s some side medical iso- “We would expect that Mine potential lifespan: 2022 to 2036 Board that we will answer policy outlines Nunavut’s topes,” McCallum said. there would be business Workforce: For the 14 years of operation will fluctuate but these by the end of January terms for mining and trad- Canada, predominantly in opportunities for businesses expected be around 600 2013.” ing uranium on the global Saskatchewan, has historic- in Baker Lake and the rest of Expenditure: $5.5 billion over the life of the project That’s just the beginning market. ally been the largest producer the Kivalliq and there would Capital costs: $2.1 billion for the $5.5 billion project. “The Government of of uranium in the world, but be opportunities for employ- Operating costs: $240 million annually The company still has to com- Nunavut recognizes that has been surpassed by Kaz- ment and training,” McCal- Source: Areva Resources plete a technical comments uranium exploration and min- akhstan, McCallum said. lum said. ÖêÄ∏∂ÔÍ≤Ò Ä¥¯¥î ∂±´≤‰ÕÇÀ≤ú ¥∂≤ú ï·∆¿Ò Access to Inuit-Owned Lands Kivalliq Region

Öâé∏∑ÒëÒ/Meadowbank

êúπËÇéî ÖêÄ∏∂ÔÍ≤Í≠î Ä¥¯¥î ∂±´≤‰ÕÇÀ≤ú ¥∂≤ú Ö±Ø ÖêÖ°Äî Applications for access to Inuit-owned lands (IOL) and instructions for their completion á¿‰Ö‰¬ùî ÖêÄ∏∂Çﬂî ï·∆¿Í´ Ä¥Äî öêœ«Ôéûî ¥∂¿‰›úòî are available through the KIA Land Office. Once an application has been received along Ö∆ƒ„›ˆîéüî. êúπËÇî áÕÇπØ¿êÖÒãî ÄƒÔÍ¬≤ ∑±Øúê≤ú Öï¿Çé≤ú, with the appropriate fees, maps and other accompanying documents, it will be reviewed ¥∂∏ÙÖ≤ú Ö±Ø ÖπÚ∏≤ú Äƒ¿ÇéπØÀ≤ú ééÒö≤ú, ÔÇ«ùÖÒíÇ≤ÖÒâÒ by KIA Land Administration. The application will then be sent to the appropriate ï·∆¿Í´ Ä¥Äî öêœ«Ôéûî ¥∂¿‰«úòÚ∏¥î. íÄ∏∂ êúπËÇî íÄØ Community Land and Resource Committee (CLARC) for review and recommendation. êÃíÇ¿Í≤ÖÍ´ÀÒ öØùÕÔÒê¥î ¥∂¿¯´ ¥∂¿‰«¥î Ö±Ø á∂ª°úΩ¿‰«¥î The applicant will be notified of the decision within a reasonable period of time. öéØ«Ë≈¥î ÔÇ«ùÖÒíÇ≤ÖÍØí Ö±Ø Öê¿ÌÕ¿ÇÊíÇ¬éú. íÄ∏∂ êúπËÒêÒ êΩÒéíÇ≤ÖÒêÒ ÄªØì‰ÕÇÀ´ú Öò≤Ç¬Ö∏ÚîêÒ. Each permit carries with it, a set of environmental, cultural/archeological, and enforcement Öê≤î á¿‰À∏∂Çéî Ä¬¿ÔÒâî, Äƒû≤ú Ö·é≠î, Ä¿ÒòπÍ≠î/ÄîíÍ≤Ω¥î, Ö±Ø terms and conditions which must be adhered to. Failure to comply with these terms and Ø¿úíÇéîé≤Í≠î Ô¥Ä¿ˆ≤Ú∏≤ú Ö±Ø Ø¿úíÇÕ‰Ö¿∏≤ú. Ø¿∏Ú∏≤Ò conditions may result in the cancellation of the permit and removal from the land. ìúò≤ˆ Ô¥Ä¿ˆ≤Ú∏≤ú Ö±Ø Ø¿úíÇÕ‰Ö¿∏≤ú ¥ÒöÒéíÇœÀíÇÀ∏∂ÒâÒ Depending on the type, location, and/or season of the proposed operation, á¿‰À∏∂Çé≠î Ö±Ø ¥îéíÇœÀíÇ¬≤ ¥∂´î. Ø¿∆¬ü Ô¥Äîë≤ˆ, Ä≤ˆ, special terms or conditions may be added to the standard ones. Ö±Ø/Ç„·√∏≥î ÖÍÈü ÖÇƒéíÇ∂ªÖÊØÀÒ, Öœ«ÇÚîêî Ô¥Äîë≤Úî Ç„·√∏≥î Visit our website www.kivalliqinuit.ca for Ø¿úíÇÕ‰Ö¡î Äƒ¿ÇœÕÇÀ∏∂Òâî áíÔÒπ∂Òê¥î. online application and mapping. ᖃᐅᔨᒋᐊᕐᕕᒋᓗᒍ ᖃᕆᑕᐅᔭᒃᑯᑦ ᑐᑭᓯᒃ www.kivalliqinuit.ca ᑐᒃᓯᕋᐅᑎᒃᓴᐃᑦ ᑕᑕᑎᒐᒃᓴᐃᑦ ᓄᓇᖑᒋᐊᕐᕕᐊᖃᕐᕕᐅᓪᓗᓂᓗ. êúπËÇé¿‰·∆¿ÖœÀπÒ á¿‰›∏¥î Ö±Ø ÖÚÍË´ú ÖêÒêÖ≤Í≠î Öœ«öΩù‚ Ì≈≥îëç, êúêúπËËÊØü›î êúπËÇé´ú Ç„·√∏≥î êïπùÖúö∏≤ÊØü›î ÇÔÍ›ù¬ü:: Ä≈ú ÔÇ«ùÖÒíÇ·∆¿ÖœÀπˆ TToo rrequest an application or for more information contact: áÕ‰Öê≤ÒΩÇ°¬ÖÒª≤. ¬¬ÄÄ ∞∏À/êï≠Öîéîé« ¥∂¿‰≤Í´ú Luis Manzo/Director of Lands The application process for ÇÔÔ√î/Ph: 867-645-5731 ªúöÀÒ/ Fax: 867-645-3855 [email protected] commercial and residential leases ﬂÈ≤ö íîêÄ≤/¥∂¿‰≤Í≠î Ö∆ƒ„›¿‰« Veronica Tattuinee/Lands Administrator is similar to that above, although ÇÔÔ√î/Ph: 867-645-5735 ªúöÀÒ/Fax: 867-645-3855 [email protected] the review process is more extensive. A10 NEWS/NORTH NWT, November 2012 NWT/ NUNAVUT MINING Roche Bay iron gets help from China Advanced Explorations Inc. completes feasibility study; signs agreement with Chinese iron company

by Thandiwe Vela part by the Chinese invest- onstrating mineralization that Northern News Services ments," said John Gingerich, can be considered for direct- Roche Bay president and CEO of ship ore, Gingerich said. Mary River isn’t the only Advanced, adding that China Tuktu 2 could be a satel- iron ore project making waves is the biggest global consumer lite project to Roche Bay, he in Nunavut. of iron ore by a large margin. added, which is also supported In addition to a recently "Being that they are the by Xin-Xing, and exploration most important consumer, completed feasibility study this year will give a clearer it means that they are more picture of the potential of the for its Roche Bay iron ore intimately involved in help- project, Advanced Explora- property. The study focused ing develop and coordinate on the C zone, which has an tions Inc. – which boasts that supply. it is developing the country’s indicated 501 million tonnes So it works both sides of of resource. newest iron district at tide your ledger. You’ve got the water – has also signed an The location of Roche Bay, capital resources to build and about six to eight kilometres agreement with a Chinese you’ve got sort of a guaran- iron company to explore the from tidewater, is the most teed buyer on the other end." important part of the feasibil- photo courtesy Advanced Explorations Inc. iron deposits from its nearby Xin-Xing Ductile Iron Tuktu 2 project. Pipes Co. Ltd. plans to invest ity study, which was recently Bernie Swarbrick, vice-president of capital projects and technical studies for completed, Gingerich said, Advanced Explorations Inc., presents information about the company's Roche "Almost all the develop- up to $15 million in explora- ments in Canada now have tion and development of the in addition to the potential Bay iron project at the high school in Hall Beach last year. been driven and supported in Tuktu 2 project, which is dem- to expand the estimated life mine considered with more drilling to 25-plus years, from Geoanalytical solutions in: 15. "There’s not many projects that Mother Nature places Uranium sort of right at the ocean," U3O8 (wt%) analysis Gingerich said. "So even Multi-element ICP-OES and ICP-MS packages despite the Northern location, Trace element ICP-MS they could be very competi- High resolution ICP-MS tive in the market when you Gold and base metal analysis have that ocean location. "If you look at the rest Rare earth element analysis of the Canadian mines, they Licensed radioactive facility all need railroads. This one Tel: 306-933-8118; Fax: 306-933-5656; Email: [email protected] doesn’t. Not having a rail- road to operate, that provides Potash significant advantage to our ICP-OES and ICP-MS analyses project. Dedicated facility "So the two very important points (of the feasibility study Diamonds are) the low cost (an estimated Macro diamond recovery $1.37 billion) and the ability Micro diamond recovery to expand resources." Kimberlite indicator mineral processing and recovery High security facility 40 workers Exploration done on the Tel: 306-933-7177; Fax: 306-933-7197; Email: [email protected] Roche Bay site in past years Advanced Microanalysis Centre™ has seen up to 40 people Custom analytical packages (XRF) working seasonally from the communities of Hall Beach, Quantitative Mineralogy (EPMA) Iglulik and Rankin Inlet, Trace Element Analysis (LA-ICP-MS) Gingerich said. Isotope Analysis (HR-ICP-MS) The proposed mining oper- High Magnification Imaging (SEM) ation would employ about 400 Qualitative and quantitative analysis (XRD) people once fully developed Petrography-slide preparation and interpretation and running, he added. The target date to have Tel: 306-933-7893; Fax: 306-933-7446; Email: [email protected] permitting and impact bene- Mineral Processing and Metallurgical Testing fits agreements in place to Lab, bench and pilot-scale testing start construction at Roche Bay is 2015-16. Process engineering and development for uranium, potash, rare Advanced is completing its earth elements, gold and base metals environmental impact state- Process optimization ment and has formed com- Environmentally sustainable extraction processes mittees and held commun- Effluent treatment and tailings management ity meetings to keep people informed about the project, Tel: 306-964-2008; Fax: 306-933-7446; Email: [email protected] Gingerich said. Contact the Saskatchewan Research Council (SRC) "We’ve certainly been con- tinuously engaging our local for a complete list of services or visit our website communities to keep them and click on labs. fully informed as to what may or may not take place at the project and whether or not the development scenarios we discuss are supported and ISO/IEC 17025: 2005 consistent with what the com- Accredited Facility munities feel is important," he said. "So far we’ve had great support." NWT/ NUNAVUT MINING NEWS/NORTH NWT, November 2012 A11 Mary River approved, with conditions Baffinland working through 184 recommendations to get massive iron ore project in production by Thandiwe Vela ing report, which spans 355 ensuring that the commun- Northern News Services pages, compared to previous ities affected by the project Milne Inlet reports which have been more are consulted on an ongoing Baffinland's enormous in the range of 150 pages, and basis throughout the life of Mary River iron ore project, the slew of recommendations, the project. It’s projected the located 160 km south of Pond more than twice the number mine will be operational for Inlet, received the official nod of recommendations provided more than 20 years, unless of approval from the Nuna- in previous mining project additional resources can be vut Impact Review Board this reports. exploited economically, which past September. “It’s a very significant and could extend that number sub- Despite the good news, very substantial report and it stantially. there are still many hurdles to reflects the size and scale of The decision and recom- clear in the coming year. the project itself,” Barry said. mendations are now in the The 184 recommendations More than 150 people hands of the minister of attached to the review board’s spoke on the record at the final Aboriginal Affairs and North- approval of the $4 billion to hearings, which took place ern Development Canada, $6 billion Mary River pro- last July in Iqaluit, Iglulik, who has final say on whether photo courtesy of Baffinland Iron Mines Corporation ject on Baffin Island did not and Pond Inlet, culminating the project will be approved. Sealift arrives at the Baffinland Iron Mines' Mary River project at Milne Inlet. come entirely unexpected for in more than 3,000 transcript The Qikiqtani Inuit Asso- The project, expected to cost up to $6 billion, received the green light to pro- Baffinland Iron Mines Corp. pages of verbal testimony. ciation (QIA), which is cur- ceed, with numerous conditions. Federal ministerial approval is the final step. The project includes plans The long list of recom- rently in discussions with for an open pit iron ore mine, mendations were no surprise Baffinland over an Inuit nomic development officer in with Mary River, including have a very large economic a road, a railway and ports at to Baffinland, said Greg Mis- Impact and Benefit Agree- Pond Inlet, called the review a required workforce of up impact on the region,” Saun- Milne and Steensby inlets to sal, vice-president of corpor- ment for the project, is eager board’s decision “a milestone, to 4,000 people during the ders said. “The employment ship 18 million tonnes of iron ate affairs. Many of the terms to see Mary River formally and a real relief” as Baffin construction phase, and nearly opportunities are going to be ore to Europe each year. and conditions had come approved following the long communities prepare for the 1,000 throughout the mine life there and we need to make The project is the first from issues discussed dur- environmental impact review. employment and business at the first deposit. sure the people take advan- large base metal mine the ing the review process, which Colin Saunders, eco- opportunities that will come “This project is going to tage of those opportunities.” board has reviewed, and it is spanned more than four years, unprecedented for the terri- and commitments made by tory in its scale, said Ryan the company during the pro- Barry, executive director of cess. the review board. “Those are things that have In its decision and list been talked about and dis- of recommendations for the cussed,” Missal said. “A lot project to proceed, the board of them are commitments that considered the amount of rock we’ve made along the Nuna- taken out of the ground for vut Impact Review Board base metal mines, the rail- process and so we weren’t way component and the fleet terribly surprised that there of 10 massive ore carriers, (were) 184 terms and con- which are typically more than ditions. We weren’t terribly 150,000 long tons, for year- surprised with what they were round ice-break shipping. either, but we’re still looking “That’s really what the at them. Obviously, it’s a big board’s job is, to look at all document.” the potential effects of the Key recommendations in project and decide whether or the report include the estab- not the positive outweighs the lishment of working groups in negative, and if the effects can relation to the water and land, be mitigated,” Barry said. limits on the total number Other indications of the of ships travelling the ship- scale of the project include ping route to Europe during the size of the board’s hear- the open water season, and

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Be Agnico-Eagle. Join us and be part of a team that feels more like a family. We’ve created world-class mining operations by listening to our employees, sharing their goals and values, and encouraging them to reach their potential. We can help you too, Be part of it. with a wide range of quality learning and development opportunities. Find out more, and send us your resume, Be proud of it. at BeAgnicoEagle.com A12 NEWS/NORTH NWT, November 2012 NWT/ NUNAVUT MINING Meliadine's eyes on the environment Rankin Inlet man finds work with Agnico-Eagle Mines' monitoring division by Tim Edwards site since June, mostly doing estimated mine life of 10 to other than Baker Lake." Over time, migrations have Northern News Services water sampling, but start- 15 years. Agnico-Eagle is currently re-routed over the years. It's Rankin Inlet ed earlier this month with The project is opening operating the Meadowbank never really been that close Kono Tattuinee has spent environmental monitoring, up more jobs, but Tattuinee Gold Mine, about 70 km to Rankin. Only once in a his first summer of camp on a two-weeks- didn't see a real away from Baker Lake. while, every seven years or life working at Agnico-Eagle in, two-weeks- shortage of jobs The importance of Tat- every 10 years or something Mines Ltd.'s Meliadine gold out rotation. "If you have before Agnico- tuinee's environmental mon- like that." project site. Tattuinee is Eagle moved in. itoring division came into He said it must have been He is now tasked with enjoying camp a good "If you have play earlier in the year, when a new experience for the helping minimize its environ- life and thinks a good educa- 5,000 to 10,000 caribou wan- workers from southern Can- mental impact. the Meliadine education, tion, you have dered by the site, which Tat- ada and beyond to see the "We do wildlife inspec- gold project is a you have a a good job. tuinee said is a rarity. The herd of caribou move past. tions, make sure that if there good opportun- There's govern- company did the right thing Tattuinee said he's look- is any wildlife that we report ity for him, and good job." ment services in in that instance, he said. ing forward to the rewards (it)," said Tattuinee. "Part of a good one for Rankin, there's "We shut down operation this position may offer him our responsibility (is) to help the region. private industry. for about a day-and-a-half in the future. clean up the spills if there's He hopes to stay with If you're motivated to work, (to let them pass)," he said. "If I do a good job, I'm KONO TATTUINEE: works any. It's sort of a new pos- the company if the project there's work to be found. "They don't always come sure they will be good to in the environmental mon- ition, too." becomes a mine, which may There's a lot more than any- through here. They usually me," he said. "I don't expect itoring division at Melia- He's been working at the happen around 2017 with an where else in the region, come through the north side. anything other than that." dine mine site.

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www.auroracollege.nt.ca ZZZEOFVFDZZZXPLQJPDNFRP NWT/ NUNAVUT MINING NEWS/NORTH NWT, November 2012 A13 YK Gold Project feasible Study shows 1.33 million ounces of precious metal potentially profitable for Tyhee

by Sara Wilson total 27,675 acres in the South Northern News Services Mackenzie Mining District, Yellowknife approximately 75 km north- Tyhee Gold Corporation’s east of Yellowknife. YK Gold Project is econom- The site is expected to ically viable, according the include a potable water treat- company’s feasibility study ment plant, a sewage treat- released in August. ment plant and a cyanide This is good news for the detoxification plant as well as junior resource company, and a tailings containment area. plans to move the project clos- The project will provide er to the construction phase many business and revenue are underway. opportunities “Going for- for the territory, ward, we will be according to starting the final Levesque. engineering and "It’s “It will mean, procurement of economically right off the bat, goods for the a lot of econom- rest of this year viable." ics for the local to 2013,” said service people Doug Levesque, and especially the Vancou- to the people ver-based company’s vice- that live in the area,” he said. president of operations. “Aside from government, The feasibility study for the mining, I think, is the number estimated $193-million pro- one employer in the Northwest ject factored in a 4,000-tonne- Territories.” per-day processing plant, gold The YK Gold Project is production of 104,000 ounces continuing to go through the per year, and a mine life of environmental assessment 15 years – more than double process, with technical ses- the seven-year mine life deter- sions expected to take place mined by the project’s pre- later this year. feasibility study. -with files from The property is proven to Thandiwe Vela have 1.33 million ounces of gold. “When we first went into that area it was an underground fact file project,” Levesque said. “But Company: as we were ... drilling outside Tyhee Gold Corporation the main zone that’s when it Estimated jobs: 200 to 300 all turned around.” Capital costs: $193 million Construction and oper- Mine life: 15 years ations of the proposed gold Expected start date: 2015 graphic courtesy Tyhee Gold Corp. mine would employ between Source: Tyhee Gold Corp. A schematic of the proposed Ormsby surface mine, as included in Tyhee Gold Corporation's recently 200 to 300 people, with completed feasibility study for its YK Gold Project, 75 km northeast of Yellowknife. approximately 120 people on site at any time. The study used a base- case gold price of $1,400 per ounce, but with gold sitting at close to $1,780 per ounce in October, the company estimates the Yellowknife Gold Project would have a payback period of 30 months. “When the price of gold Specializing in explosives sales and technical services goes up you can afford to take ore out of the system that is in the uniquely challenging environment of the Canadian North. lower grade,” Levesque said. “If the gold is valued at $1,000 per ounce you may need to mine higher-grade material. Once it become $1,700 per ounce – in our case $1,400 per ounce – the stuff that was lower grade is now feasible to take out of the ground.” It is estimated that 50 per cent of the workforce could come from the NWT, and Levesque said the company is already looking into training www.dynonobel.com opportunities. “We have to go that route there’s no doubt,” he said. “It’s one of the ways you can get the people in the area to get trained up and be ready, or put them in a training program with the mine site so that at the end of the day you’ve got a proven product because it has been tried and tested before, Groundbreaking Performance it’s tailored for that area.” The YK Gold Project consists of 17 mining leases Ph: 867-920-2343 Yellowknife Ofﬁce Ph: 800-565-8375 Calgary Ofﬁce and 12 mineral claims that A14 NEWS/NORTH NWT, November 2012 NWT/ NUNAVUT MINING Rough patch for diamond prices Lower value for gemstones not impacting NWT diamond mines

by Thandiwe Vela A decrease in volume of short-term, medium-term and Northern News Services carats sold during the quarter long-term outlooks.” NWT and a 10-per-cent decrease In addition to the fluc- The NWT's diamond mine in rough diamond prices tuating nature of diamond operators are taking currently contributed to the decline in market prices -- which are depressed diamond prices in sales, according to the quar- rated individually based on stride, even though market terly report. characteristics including clar- conditions have prompted at Rough diamond produc- ity, colour, and size – the least one Northern mining tion at Diavik was 0.72 mil- diamond mines also consider company to halt production lion carats – consistent with factors such as fixed costs, of diamonds and another to last year’s production for the recruiting, changes to legisla- withhold rough diamonds quarter, according to Harry tion and the foreign exchange from sale. Winston. rate in deciding the threshold Shear Diamonds Ltd., the Meanwhile, Cathie Bol- where production might be Toronto-based company that stad, De Beers Canada direc- slowed down based on any has been processing diamonds tor of external and corporate of these challenges, Bolstad from tailings left by the for- affairs in Yellowknife, said added. mer operators of the Jericho that production is continuing “Each is considered in the Diamond Mine in Nunavut, to ramp up at Snap Lake Mine, mining plan and strategies announced Sept. 4 it has sus- and the company’s Gahcho to mitigate these impacts are pended production of Jeri- Kue project is continuing to developed to help the mine cho diamond stockpiles “as move through the permitting maintain a successful oper- a result of continuing weak process as scheduled. ation,” she stated. world diamond prices.” “While we can’t speak for “Should one start to impact Harry Winston Diamond other diamond mining com- the mine, plans are reviewed, Corp., owner of a 40-per-cent panies, we at De Beers are revised where necessary and stake in the Diavik Diamond constantly working to deliver implemented. De Beers is NNSL file photo Mine, has also announced it is flexible mining and business committed to our Canadian Depressed global diamond prices are affecting at least one Northern mine, withholding diamonds from plans that can react quickly assets for the long term and as Shear Diamonds has suspended production at the Jericho Diamond Mine. the soft diamond market until and effectively to the var- our strategies are built around Global mining giant BHP Billiton announced last year that it's reviewing its stability returns. iety of fluctuations the mar- delivering consistent, sustain- The diamond company ket sees during the life of a able mine plans.” Canadian diamond projects. reported a 31-per-cent decrease mine,” Bolstad stated. Earlier this year, Rio Tinto, in rough diamond sales for the “As the world’s leading 60-per-cent owner of Diavik, BHP Billiton, owner of diamond prices will result efficient operations at Ekati second quarter ending July 31, diamond company, our cur- announced it is considering the Ekati Diamond Mine, in a decrease in production Diamond Mine. to $61.5 million, compared rent mining plans in Can- the sale of Diavik as part of a announced a similar review at Ekati, but spokesperson “Like any commodity, dia- to $89.6 million in the same ada are based on the global strategic review of its global of operations last November. Alexander Legaree said, “We mond prices fluctuate from quarter last year. De Beers strategy regarding diamonds business. It’s not known if current remain focused on continued time to time,” Legaree added.

Click here NWT/ NUNAVUT MINING NEWS/NORTH NWT, November 2012 A15 Mining alliance gets $1M for Kitikmeot exploration HTX Minerals hopeful about Inuit-owned lands

by Sara Wilson cial backing for the alliance's couple of months," McLean vut's exploration companies. Northern News Services exploration program, it also said. "I think the Kitikmeot Kitikmeot shows a commitment to min- While exploration is no people are looking at this as a Nunavut's newest mining activities in Nunavut. guarantee of discovery, the baby step toward a long-term ing alliance has received $1 "The seed funding from alliance is confident in the vision where they can create million in funding from the KIA demonstrates Inuit com- "relatively under-explored their own capacity and be full Kitikmeot Inuit Association mitment to taking a leadership region" to present opportun- participants in the industry (KIA) to help finance explora- role in resource development," ities for large-scale discoveries and the discovery rewards up tion goals in the Kitikmeot stated Charlie Evalik, chair- in the region. there, where they not only have NNSL file photo region. man of Nunavut Resource In addition, it provides sta- ownership in the actual discov- Scott McLean, left, president and CEO of HTX Min- HTX Minerals and the Corporation and president of bility in the region for multi- ery, but are right at the decision- erals Corp., shakes hands with Charlie Evalik, chair- Nunavut Resources Corpora- the Kitikmeot Inuit Associa- generational growth for Nuna- making table," McLean said. man of Nunavut Resources Corp. tion – who joined forces for a tion, in a news release. five-year deal in March – are "This investment allows us in the process of exploring to begin generating exploration Article 41 lands. projects that will also help fur- Nunavut Resources Cor- ther demonstrate the immense poration was founded in 2010 potential of the region and and is the financial arm of our alliance strategy. Our the KIA. alliance with HTX Minerals, The Article 41 lands, south and the investment in it, will of Contwoyto Lake which is help accelerate the discovery on border between the NWT of economic ore deposits and and Nunavut, were awarded to could lead to employment and the KIA as part of the division business opportunities, much of the Northwest Territories. greater investments in infra- The 572-sq-km parcel of structure and training." land – directly north of the Nunavut Resources Cor- Ekati diamond fields and poration is seeking a min- south of the past-producing imum of $18 million, through Jericho diamond mine – is private capital, to be invested expected to yield diamond in multi-commodity explora- discoveries. tion within the region. While the $1 million in The property – being funding isn't a huge amount explored with HTX Minerals for exploration in the North, – has sat stagnant since 1993, HTX Minerals is excited about with essentially no work com- the financial contribution. pleted. However, this year "What it does do is help HTX Minerals has completed us get the flywheel turning a "first pass regional com- up there," said Scott McLean pilation" of the scientific data- co-founder and chief execu- bases for the area. tive officer of HTX Minerals. "As part of our field pro- "With that funding, we're gram, we have spent a bit of carrying out some field pro- time up in the region carrying grams on Inuit-owned land out primarily boot and ham- and have carried out staking mer (prospecting) type work as well on Crown land." on some of these targets that In addition to the finan- we've generated over the past

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Click here A16 NEWS/NORTH NWT, November 2012 NWT/ NUNAVUT MINING Moving through regulations Gahcho Kue receives green light on pre-feasibility; environmental impact review continues

by Sara Wilson cess," said Cathie Bolstad, dir- last leg, which is the permit- Northern News Services ector, external and corporate ting process," Bolstad said. fact file NWT affairs for De Beers Canada. The company has taken a De Beers Canada's Gahcho De Beers Canada and few extra steps in its environ- Company: De Beers Canada project is starting to see the Mountain Province Diamonds ment impact review, including Capital costs: light at the end of the tunnel are the joint venture partners use and research of traditional $600-$650 million with a decision expected next on the Gahcho Kue project. knowledge and early inclu- Mine life: 11 years year on the environmental De Beers submitted its sion of the company's plan to Mine size: 1,200 hectares impact review. environmental impact review address wildlife monitoring, Estimated workforce: The proposed site, located – 19 volumes and 11,000 pages which is usually included in 360 to 380 280 km northeast of Yellow- of information – in December the later stages of the permit- Construction workforce: 690 knife at Kennady Lake, is 2010. ting process. Investment to date: $157 million being promoted as "Canada's "Nothing is a done deal "That's something that Source: De Beers Canada next great diamond mine." until you have an approval, hasn't been done before," she "It's been an extremely but we're close to the end said.

photo courtesy of De Beers Canada busy year for the Gahcho Kue of the environmental impact Last July, the joint ven- $650 million, and a mine life An aerial view of the Gahcho Kue site, 280 km project team and our focus has review and look forward to ture approved the pre-feas- of 11 years. northeast of Yellowknife. been on advancing the project seeing a decision next year on ibility study, which outlined Included in the construc- through the regulatory pro- that, and that really leaves the construction costs at $600 to tion figure is the building of diesel-powered electric gen- erators, accommodation complex, administration complex, fresh-water supply, inciner- ator, airstrip, access road and laydown areas, processing plant and a sewage treatment plant. Possibly one of the largest challenges to the project is the "dewatering" of Kennady lake, a process that will remove all the water and fish in the lake. According to Bolstad, the process has been intense and has involved a lot of consultations with the Department of Fisheries and Oceans, regula- tors and aboriginal communities. The studies, commissioned by De Beers, have identified 19,000 fish greater than 18 centimetres, or about seven inches, in size. "Prior to lowering the level of Kennady Lake, fish will be salvaged. This will be done in accordance with Depart- ment of Fisheries and Oceans' protocols," she said. "During eight community workshops in February, De Beers discussed the fish salvage with leaders, elders and community residents and received some good advice, and we subsequently have had six dif- ferent aboriginal groups to the Gahcho Kue site to see the lake, and to discuss this further with us." The issue will no doubt be raised at the project’s public hearings scheduled for Dec. 3 to 5, but ultimately the decision on how to safely drain the lake will rest with the Department of Fisheries and Oceans. De Beers Canada and Deni- nu Kue First Nation (DKFN) of Fort Resolution signed a traditional knowledge study agreement in March. Under the deal, DKFN will gather and share information band members have regarding traditional knowledge and land use in the area of Gah- cho Kue. For the upcoming year, the Gahcho Kue project aims to continue through the regulatory steps, and is hopeful to move into the permitting stages. If all goes according to plan, and regulatory approval has been granted, the site could see the start of construction by 2014. NWT/ NUNAVUT MINING NEWS/NORTH NWT, November 2012 A17 Fortune Minerals moves forward NICO gold, cobalt, bismuth, copper project concludes public hearings

by Sara Wilson liability like that for yourself?" $230 million to build a pro- photo courtesy of Fortune Minerals Limited Northern News Services he asked. cessing plant in Saskatchewan, A rendering of the proposed pit, mill and camp site for Fortune Minerals Lim- Whati The water licence and bringing the total cost for the ited's NICO gold-cobalt-bismuth-copper in the Northwest Territories. The finish line is in sight monitoring for NICO will be project to $440 million. for Fortune Minerals Limited's conducted through an aqua- The NICO deposit contains Results of the company's mates also show the life of negotiated with the Tlicho NICO project as the company tic affects monitoring plan, open pit and underground front-end engineering and the mine could change to 19.8 First Nation, socio-economic wrapped up its environmental involving a number of agencies resources with an estimated design study — released in years, up from 18, as well as benefits could include close public hearings this fall. including Environment Can- 1.08 million ounces of gold, July of this year — showed 20 an increase in mineral reserves to 270 jobs in the first year The company's gold-cobalt- ada, Aboriginal Affairs, the 82 million pounds of cobalt, per cent more gold compared by two million ounces, totaling during the underground oper- bismuth-copper project, locat- Wek'eezhii Land and Water 102 million pounds of bismuth, to the last study, which was over 31 million tonnes. ations and 188 jobs for the rest ed 50 km north of Whati and Board, and the Tlicho Govern- and 27 million pounds of cop- completed in 2008. While an impact benefits of the mine life, primarily dur- anticipated to begin construc- ment. per. The updated mineral esti- agreement has not yet been ing open-pit operations. tion in 2014, has been negotiat- Water contamination isn't ing the regulatory stages since the only concern for the resi- 2007. "Water, dents of the Tli- water, water (con- cho commun- tamination) all "Why would ities. Wildlife day long, " said protection and Rick Schryer, you create a monitoring — in Fortune Minerals liability like particular cari- Limited director bou migration of regulatory and that for patterns —and environmental plans for the clos- affairs, as he yourself?" ure of the pro- recounted the posed mine were major issues that also discussed at arose during the public hear- the public hearings held Oct. ings. 10 and 11 in Behchoko. Previous projects on Tlicho The opportunity for public lands under old mining regu- input to the Mackenzie Valley lations created environmental Environmental Impact Review hazards. The abandoned Ray- Board ended on Oct. 22. The rock uranium mine from the board's decision is expected late 1950s and the bankrupt to be released by the end of Colomac gold mine of the this year. 1990s contaminated both land Pending a positive decision and water and cost millions of from the regulatory body, the federal dollars to clean up. project will enter the permit- However, with today's regu- ting phase, the last stage in latory safeguards mines are the regulatory system before under strict guidelines and construction can begin. security bonds must be in place The company estimates that before any project can get off the capital costs will include the ground, Schryer said. $210 million to develop the "Why would you create a property and an additional

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:&--08,/*'& rr 50--'3&& rrr "0ME"JSQPSU3PBEr#PY :FMMPXLOJGF /59"/ Fax: 867-873-4281 www.nwtfood.com &%.0/50/#3"/$)Ph: 780-451-5408 Fax: 780-451-5481 "WF/8&ENPOUPO "#5&( A18 NEWS/NORTH NWT, November 2012 NWT/ NUNAVUT MINING Nunavut's economic driver fact file Many major mining projects Mine Owner Commodity Basic facts Latest developments Meadowbank Agnico- Gold Open-pit mine located in the Kivalliq Region, 300 NTI received first royalty payment in 2012. July moving through regulations Gold Mine Eagle km west of Hudson Bay and 70 km N of Baker second quarter reports record quarterly gold Mines Lake. Mine jobs: 450 production of 98,403 ounces. by NNSL staff ongoing operations. Mary River Baffinland Iron Proposed open pit mine with railway and port; 936 Final hearings for environmental assessment Northern News Services Iron ore is the domin- Iron Mines km N of Iqaluit with 5 known deposits. completed in July 2012. NIRB has granted Nunavut ant commodity in the Baf- Estimated construction jobs: 3,500 approval of the project with 184 conditions to Estimated mine jobs: 715 be met. Not only is mining and fin region as the Mary River exploration providing numer- project, 160 km south of Kiggavik AREVA Uranium Proposed uranium mine 80 km W of Baker Lake. Areva anticipates submitting responses to its Resources Estimated Construction jobs: 750 Draft Environmental Impact Statement, to the ous jobs in Nunavut, the ter- Pond Inlet, earned a stamp Estimated mine jobs: 1,300 impact review board by Jan. 31, 2013. ritory's only operating mine is of approval from the Nuna- Jericho Shear Diamonds Project to reassess viability of reopening the former Shear suspends stockpile production due to low producing royalty payments vut Impact Review Board Diamond Diamonds diamond mine, 255 km SSE of Kugluktuk. diamond prices, Sept. 4, 2012. for the territory's overarching in September, although with Mine Ltd. Estimated mine jobs: 150-200 Inuit land claims group. 184 conditions attached. This Meliadine Agnico- Gold Possible gold mine, 5 deposits, the largest of which Plan to complete feasibility study in 2013; NIRB Nunavut Tunngavik Incor- massive, high-grade resource Gold Eagle is the Tiriganiaq deposit, 25 km NE of Rankin Inlet. approved environmental assessment exemption porated collected a $2.3 mil- is expected to have a mine Mines Estimated construction jobs: 600 of “Phase 1 – all-weather Road” on May 23, lion cheque from Agnico- life of at least 20 years and Estimated mine jobs: 350 - 400 2012. Road located on Inuit Owned Land. Eagle Mines Ltd. earlier this will employ an extraordinary Hackett River Xstrata Zinc, silver, One of largest undeveloped VMS massive sulphide Camp opened Feb. 20, 2012; Pre-feasibility year as part of a resource 3,500 people during construc- Zinc copper, lead deposits in the world, hosting significant silver study team being assembled. revenue sharing policy. The tion and 715 when the iron is Canada and gold deposits. 104 km SSW of Bathurst Inlet. Estimated mine jobs: 300 payment represented the being extracted. Back River Sabina Gold Approximately 60 km from Hackett River. Potential Exploration budget for 2012 hit $60M. Project Inuit's 12 per cent share of Closer to Hall Beach, a Gold & to mine multiple deposits by open pit and description submitted to NIRB in July to trigger funds from operations at the positive feasibility study was Silver Corp. underground. Workforce up to 900. EA. Meadowbank Gold Mine near issued for Advanced Explor- Izok Corridor MMG Copper, Izok and High Lake ESE of Kugluktuk. Plans call for On Sept. 4, MMG submitted project proposal Baker Lake. ation's Roche Bay iron ore Project (with Resources Zinc, Gold, single processing facility at Izok, 350 km all-season to NIRB to trigger official environmental Agnico-Eagle is feverishly deposit in August. The pro- High Lake) Inc. Silver road to port at Gray’s Bay. Shipping to Europe and assessment process. working towards its second ject has a net present value of Asia. Total jobs 710 with 400 on site. Nunavut mine, grooming the $642 million (pre-tax). Ulu & Lupin Elgin Gold Located SE of Kugluktuk. Elgin purchased both properties from MMG Meliadine gold deposit, closer The chart adjacent indi- Mining Inc. Lupin mine: past production of 3.7 million ounces. Resources in July, 2011. to Rankin Inlet. cates some of the other prom- Ulu deposit: indicated mineral resource: 751,000 Winterization of work camp at Lupin; Drilling at It's expected 600 work- ising projects in Nunavut, tonnes at 11.37 grams of gold per tonne. Ulu began April 2012. ers would be needed for con- where exploration continues Roche Bay Advanced Iron Over 500 million tonnes of indicated resources Positive feasibility study announced Aug. 10, Exploration within 6 km of a natural deep-water harbour at 2012, confirms net present value of $642 struction of that mine and 350 to turn up more and more Roche Bay. million (pre-tax) to 400 would be required for deposits each year. Estimated construction jobs: 450 Estimated mine jobs: 370 - 380 Chidliak Peregrine Diamonds Located 180 km S of Pangnirtung. Contains 59 Peregrine announced potential joint venture Diamonds known diamond-hosting formations. agreement with De Beers, Sept. 5, 2012. Ltd. Doris North/ Newmont Gold Proposed gold mines 130 km S of Cambridge Bay; Work postponed indefinitely while project under Hope Bay Mining covers the majority of the Hope Bay Greenstone review; company has approved “care and Corp Belt. Estimated mine jobs: 300 maintenance” funding for the Hope Bay site.

Source: NWT and Nunavut Chamber of mines (September 2012)

NNSL file photo Sabina Gold and Silver set aside $60 million for work on its Back River gold project, 75 km south- west of Bathurst Inlet, this year.

Click here NWT/ NUNAVUT MINING NEWS/NORTH NWT, November 2012 A19

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Click here A20 NEWS/NORTH NWT, November 2012 NWT/ NUNAVUT MINING