Joint venture partners Mountain Province Diamonds (49%) of Toronto and De Beers Canada (51%), also based in Toronto, are spending $31.3 million over the next year at their Gahcho Kué diamond project near Kennady Lake in preparation for development.
Toronto-based major Inmet Mining has opted to retain its majority interest in the world-class Cobre Panama copper-gold project through development financing, as the company announced a hybrid plan that would see it shoulder the bulk of a US$6.2 billion capital expenditure (capex) requirement aimed at putting the project into production by 2016.
Toronto to Shanghai is a long haul, even in the age of intercontinental air travel, and Allen Palmiere can attest to that because he’s made the 23-hour trip more than 20 times since taking over Adriana Resources Inc. of Toronto in June 2009.
Armistice Resources of Toronto continues to make solid progress towards bringing the McGarry gold mine back into production near Kirkland Lake. The company says also that development and exploration work both underground at McGarry and on surface at the former Kerr-Addison gold mine is progressing as planned.
Fortune Minerals of London, ON, says the results of a mini-pilot plant test conducted on ore from its NICO gold-cobalt-bismuth-copper project near Mazenod Lake, NT, point toward a simplified flowsheet and improved economics.
The Key Anacon project includes two known Bathurst type volcanogenic massive sulphide deposits – Main and Titan. They occur in the same stratigraphic horizon that hosted both the Brunswick No.12 and No.6 zinc-lead deposits.