Resource World - BC Mining
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Transcript of Resource World - BC Mining
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Ever since the Fraser River Gold Rush of 1858, British Columbia has had a distinguished history of mineral discoveries. While the Fraser stampede of 30,000 miners was short-lived, it played an important role in British Columbia becoming a colony of the British Empire and, eventually a province in 1871. Other rushes followed such as the Similkameen, Cariboo, Cassiar and Atlin gold rushes. This influx of placer gold miners eventually resulted in hard rock mineral exploration, and coupled with the old Vancouver Stock Exchange, established in 1906 to assist mineral explorers, the coastal city of Vancouver became the junior explora-tion capital of the world. Continued exploration in BC resulted in the discovery of major mineral deposits, some of which still have mines in production, such as the Teck Resources Highland Valley Copper Mine and Thompson Creek’s Endako Molybdenum Mine. Meanwhile, a number of proj-ects are in advanced stages such as the Copper Mountain Mine near Princeton that is being brought back to life. Other projects likely to be developed into mines include Galore Creek, Red Chris and Avanti Mining’s Kisault Molybdenum Project. Essentially, British Columbia has a variety of favourable geological environments, potentially hosting deposits of gold, silver, copper, zinc, lead, molybdenum, coal and sometimes several valuable metals combined in polymetallic deposits. The building of mines to extract these deposits has resulted in BC’s mining industry contributing substantial revenues to the province.
BritishColumBia
WILLIAMS LAKE
KITIMAT
VICTORIA
KELOWNA
CRANBROOK
KAMLOOPS
PowellRiver
CampbellRiver
Juneau
SEATTLE
PRINCE RUPERTTerrace
Fort St. John
Port HardyCALGARY
Dawson Creek
PRINCE GEORGE
Whistler
PembertonVERNON
100 Mile House
CacheCreek
Lillooet
Princeton
Fernie
ElkfordFortSteele
Sparwood
Creston
Nelson
TrailOsoyoos
Barkerville
WellsQuesnel
Vanderhoof
Mackenzie
Tumbler Ridge
Anahim LakeBella Coola
Houston
Smithers
NewHazelton
Bella Bella
Sandspit
QueenCharlotteCity
Stewart
Atlin
QUEEN
CHARLOTTE
ISLANDS
HopeVANCOUVER
NANAIMO
GrandForksTofino
Ucluelet
NakuspNewDenver
Kaslo
Kimberley
Golden
RadiumHot Springs Invermere
CourtenayComox
ALASKA(USA)
Clearwater
Blue
McBride
River
CastlegarOliver
Naramata
Penticton
erland
Logan Lake
Lumby
Salmon ArmSicamous
Chase
Armstrong
Revelstoke
Valemount
MountRobson
Clinton
Lytton
Hudson's Hope
Chetwynd
Fort St. JamesBurns Lake
Fort Nelson
Summ
Gre
enwood
Merritt
LAKE
LAKE
LAKE
LAKEATLIN
BABINE
LAKE
RIVER
CO
LU
MBIA
TH
OM
PS
ON
N O R T H
RI V
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FR
AS
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QUESNEL
PEACE
LIARD
RIVER
WILLISTON
TESLIN
LAKE
R I
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Goldridge
Pacific Ocean
Washington
Yukon Territory Northwest Territories
Alberta
Vancouver Island
British Columbia
The value of BC’s mineral commodity sales in2008 totalled $6.6 billion, or about 14% of provin-cial exports, including$545million indirect taxes togovernment.Thereareapproximately28,000workersemployedinBC’smineralsector,includingserviceandsupplyjobs. After over 150 years of exploration and miningactivity,onemightsupposealltherichmineraldepos-its have been discovered; however, that is not thecase. Each year bringsnewdiscoveries and someofthosediscoverieswillresultinminesbeing,planned,constructedanddeveloped.
While some areas in British Columbia have beenset aside as parks and protected areas, the provinceremains a mining-friendly jurisdiction. Vancouverboastsawealthofgeologicaltalent,miningengineeringexpertiseandisamajorcentreforexplorationandmineprojectfinancing.Manyexplorationandminingcompa-nieshavesignedagreementswithFirstNationsbandsthatwillbenefitboththecompaniesandthebands. Withover 12,000knownmineral showings,pros-pects,pastandproducingmines,BritishColumbia’smineral explorers can look forward to a lucrativefuture.
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Anglo-Canadian Uranium Corp.[URA-TSXV;AU3-Frankfurt]isexplor-ingmineralpropertiesinBritishColumbia,Québec,andtheUS.In
BritishColumbia,itsflagshippropertyisthePrincetonCopperProject,locatednearthetownofPrinceton,southwestBC.URArecentlycompletedaPhaseIexplorationprogramattheprospect,favourablysituated1,500metressouth-southeastoftheCopperMountainMiningPit#3,whereitiscurrentlybuildinga35,000tonne-per-daymineandmillscheduledforproductioninJune2011.Anglo-Canadian’sexplorationcomprisedestablishingabaseline,handtrench-ingatsixmineralizedshowingsaswellasroadimprovements.Chipandgrabsamplesgradedupto2.71%copper,1.145gramsgold/tonne,7.7gramssilver/tonneand77ppmmolybdenum.PhaseIIworkwilldefinetrenchinganddrill-ingtargets.URAisalsoexploringitsStirrupgoldprospectnearClinton,BC.
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Commerce Resources Corp. [CCE-TSXV; Frankfurt D7H-FSE] spe-cializesintheexplorationanddevelopmentofraremetalsandrare
earths.ItsmostadvancedprojectistheBlueRiverpropertynorthofKamloops,southernBritishColumbia.TheUpperFirtantalumandniobiumdepositattheBlueRiverProjecthostsindicatedresourcesof7,384,000tonnesgrading217gramsTa
2O
5 (tantalum)and1,202gramsNb
2O
5 (niobium).This represents
3,533,000poundsoftantalumand19,568,000poundsofniobium.Commerceis exploring the earlier stageCarbo claimsnortheast of PrinceGeorge, BC.During2006-2007,thecompanyconductedrockandsoilsampling,andgeo-physicalsurveys.Resultsshowedhighlyanomalousconcentrationsofniobiumandrareearthelements.In2009,Commercefarmedouta75%interestintheCarboclaimstoCanadianInternationalMinerals.
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Grizzly Discoveries Inc. [GZD-TSXV] is focused on exploring goldandbasemetalprospectsinBritishColumbiaaswellasdiamonds
and industrial minerals in Alberta. The company has five precious metalprojects in BC encompassing over 175,000 acres. A $500,000 explorationprogramhasjustbegunontheGreenwoodGoldProjectinsouth-centralBC.Theworkincludesapproximately1,200metresofdiamonddrillingattwotar-getareas–theSapphoandCopperMountainzones.SamplingattheCopperMountainZonehasreturnedassaysrangingfrom9.41to99.6gramsgold/tonneandup to19.7gramssilver/tonnewithbasemetalcredits.Samplingthe Sappho Zone returned up to 27.1 grams platinum/tonne, 1.49 gramspalladium/tonne, 75.3 grams silver/tonne, 0.64 grams gold/tonne and8.28%copper.
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4 Avanti Mining Inc. [AVT-TSXV] is advancing its core asset, theformerlyproducingKisaultMolybdenumProjectinnorthwestCoastal
BC.Located140kilometresnorthofPrinceRupert,theprojecthasaNI43-101compliantprefeasibiltystudycompletedbyindependentconsultantWardropEngineering. Proven and probable reserves stand at 215.3 million tonnesgrading 0.085% Mo. Mine life would be 15 years, producing 24.5 millionpoundsper yearofmolybdenum.Theprojecthaspower-gridutility aswellasocean and road access.Cashoperating costs are estimated tobe$4.43per pound of Mo. Avanti recently engaged AMEC to prepare a feasibilitystudy for the KisaultMine,whichwill advance the project to the financingand construction decision stage. The study should be completed byOctober2010.
Brian Testo, President, Chief Executive Officer, and Director
Craig J. Nelsen, President, CEO, and Director
Barkerville Gold Mines Ltd. [BGM-TSXV] recently beganunderground gold mining operations in the West Zone at
itsQRMine south-east ofQuesnel, central BC. The company’s 900tonne-per-day mill is located immediately above the QRMine. It isthecompany’sobjectivetoachieve50,000ouncesofgoldproductionfromtheQRMineanditsBonanzaLedgeopenpitminenearWells/BarkervilleeastofQuesnel,BC.BarkervilleGoldMinesownsthemin-eralrightscovering1,065squarekilometresinthehistoricBarkervilleGoldCampwhichhasrecordedgoldproductionof3.8millionounces,including an estimated 2.64million ounces fromplacermining and1.23 million ounces from lode mining. Planning is under way for adevelopmentdrillingprogramattheNorthZoneattheQRMine.
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Paget Minerals Corp. [TSXV-PGS]signedajointventureagree-mentwith Richfield Ventures Corp. [TSXV-RVC]toexplorethe
NechakoBasinincentralBC.Numeroushistoricgoldshowingsonthe74,000hectares,held100%byPagetandRichfield,provideimmediatetargetsforfieldassessmentwithaviewtorapidlyadvancetodrillstageforthe2010explorationprogram.Eachcompanycontributed$500,000tothejointventurefortheinitial2010fieldseasonwithaminimumof2,000–2,500metresofdrillingplanned.Pagetalsoholdsclaimblocks(100% owned) throughout central and northern BC, including theMt.Dunn,Whitesail,JLN/ChistCreekpreciousandbasemetalproper-ties;theMt.Bissonrareearthproperty;andtheLacDodagoldprojectintheAbitibiBeltofwesternQuébec.
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Christopher James Gold Corp.[CJG-TSXV]hasalargeportfolioofprospectivegoldprojectsinBritishColumbiaandNevada.
The company has carried out exploration programs on its Big Kidd,Craigmont,BrassieCreek,andLittleFortProjects,allinsouthernBC.InNevada,thecompanyhassixjointventurepropertiesandhassignedaLOIwithChesapeakeGoldCorp.toacquire100%oftheTalapoosaepithermalgoldprojectinNevada.CJGCwillalsoacquiretheLaCeciliapropertyinSonora,MexicoaspartofthedealwithChesapeakeGoldCorp.Thecompany’ssharesarehalteduntilapendingthecompletionofthetransaction,thedeadlineforwhichisApril30,2010.
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Anglo-Swiss Resources Inc. [ASW-TSXV; ASWRF-OTCBB;AMO-Berlin]hasbeenactivelyexploring the150squarekilo-
metre Nelson Mining Camp in southeast British Columbia, whichincludes its formerlyproducingKenvilleGoldMine.Thepropertyhasneverbeensubjectedtolarge-scalesystematicexplorationusingmod-ern techniques. The 2010 exploration program is expected to exceed$3,000,000.Itsgeotechnicalteamhasreviewedresultsofaninitialair-bornegeophysicalsurveyandidentifiedtwolargeanomalieswithinthecamp.AnewMAG/EMgeophysicalairbornesurveywillcovertheentirepropertygroupandassistinidentifyingpotentialmineralizedbodiesandindelineatingtheextentoftheknownmineralizedsystems.AngloSwisshasselectedthefirstsixsurfacedrillsitesfortheirproximitywithinthetwoanomaliesidentifiedbytheearliersurvey.DrillingbeganearlyMay.
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FOR MORE INFORMATION ON ANY OF THESE COMPANIES, VISIT: www.resourceworld.com/investor/
TSXV: GZD
EMAIL [email protected]
Anglo Swiss Resources exploring the 150 square kilometre Nelson Mining Camp
• A VTEM airborne completed in February of 2010 has identified two separate NNE trending conductors both striking in excess of 3km
• Mineralization is expected to contain zinc, lead, copper, silver with the +/- gold enrichment
• This property has never been subjected to large-scale systematic exploration using modern techniques. A second state of the art airborne magnetic and electromagnetic survey consisting of Aeroquest’s AeroTEM III system completed in May of 2010
• This survey collected approximately 2,667 line kilometers of high-resolution data and provide complete coverage of the property
• Extensive surface diamond drilling program initiated in May of 2010.
• The Nelson Mining Camp is located along the Silver King Regional Shear zone which is host to numerous historical gold, silver and poly-metallic mines near Nelson, British Columbia
• The Nelson Mining Camp also hosts the 100% owned Kenville Gold Mine which is located at the northern boundary of the Camp.
www.anglo-swiss.com
TSXV: ASW OTCBB: ASWRF
M I N I N G I N C.
TSXV: AVT
Discover the Avanti Advantage Today!
High Grade Deposit Makes Avanti’s KitsaultMine Development One of the “Top-5 Undeveloped
Primary Molybdenum Assets – Worldwide”
Contact: Tom Corcoran, IR Manager Email: [email protected]
Toll Free: 1 (877) 249-0640 www.avantimining.com
FOR MORE INFORMATION ON ANY OF THESE COMPANIES, VISIT: www.resourceworld.com/investor/