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61 Also Inside:The Escalating Price of Profit inCanadian Mining

Conference Preview: MINExpo International® 2008

Get to Know Mexico

Also Inside:The Escalating Price of Profit inCanadian Mining

Conference Preview: MINExpo International® 2008

Get to Know Mexico

HarvestingManitoba

MININGMININGHarvesting

Manitoba

Canadian

COVER STORYHarvesting Manitoba . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8

DIGGING FOR DETAILSThe Escalating Price of Profit in Canadian Mining . . . . . . . . . .16Mining Productivity Breakthrough with a “Green” Touch . . . . .18Conference Preview: MINExpo International® 2008 . . . . . . . . .21Transaction Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22Tools of the Trade . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24

GET TO KNOWMexico . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .27Mexi-Can News . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .29

COMPANY SPOTLIGHTSan Gold Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30

SPECIAL HR SECTIONJob Watch . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .32First Impressions Count! Lasting Impressions Sell! . . . . . . . . . . .34

NEWS WATCH: FROM COAST TO COASTThe North . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .36British Columbia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .38Alberta . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .39Saskatchewan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40Manitoba . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .41Ontario . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .42Quebec . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .45Atlantic Canada . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .46The National Scene . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .47

Calendar of Events . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .48Buyer’s Guide . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .58

Table of ContentsCanadian Mining MagazineSummer 2007

Published By:Matrix Group Inc.Publication Mail Agreement Number 40609661Return Undeliverable Canadian Addresses to:52 Donald StreetWinnipeg, MB R3C 1L6Toll Free Phone: (866) 999-1299Toll Free Fax: (866) 244-2544www.matrixgroupinc.net

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Layout & DesignCody Chomiak

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©2007 Matrix Group Inc. All rightsreserved. Contents may not be reproducedby any means, in whole or in part, withoutthe prior written permission of the publisher.

ABOUT THE COVER:Manitoba’s prairie land (left): amajor mining centre. On theright, from top to bottom—geological survey mapping innorthwestern Manitoba (source:Government of Manitoba); CarlisleGoldfields Limited’s property inLynn Lake (source: CarlisleGoldfields Limited); HudBayMinerals Inc.’s summer drilling(source: HudBay Minerals Inc.).

Canadian Mining Magazine 5

As anyone who has grownup in Manitoba will tellyou, any sort of achieve-ment the province re-ceives is widely celebrat-

ed. It’s hard to find anyone, from thesoutheast up to the northwest, whohasn’t attended a rally for the Win-nipeg Blue Bombers, bragged aboutFolklorama or displayed a “SlurpeeCapital of the World” bumper stickerwith pride.

It should come as no surprise,then, that this spirit has helpedManitoba become a top-ranked min-ing destination for companies acrossCanada and around the world. Mostrecently, the province received acco-lades from the Fraser Institute, who,in the 2006-2007 edition of its An-nual Survey of Mining Companies,proclaimed Manitoba to have thebest policy environment in theworld.

The news was cause-celebre for JimRondeau, the provincial minister forScience, Technology, Energy andMines. “We have worked closely withstakeholders to develop an investmentclimate that will attract explorationand development, and create mutuallybeneficial opportunities,” Rondeausaid. “Our formula of strong incen-tives combined with rich resources anda comprehensive geological databasecontinue to be solid economic driversfor Manitoba’s mining sector. Whilewe have consistently ranked among thetop jurisdictions, we welcome thisnumber one rating for the first time.”

Governmental effortsThe formula that Rondeau de-

scribes includes a number of govern-ment-led initiatives, such as the Min-eral Exploration Assistance Programand the Prospectors’ Assistance Pro-gram.

Along with these formal efforts is adedication by the provincial govern-ment to help bring in new businessand maintain strong ties with compa-nies already in Manitoba. LyndaBloom is the president and chief execu-tive officer (CEO) of Halo ResourcesLtd., a mining business whose proper-ties include an area near the town ofSherridon, in the northwest corner ofthe province. She remarks that the as-sistance her and her associates receivehas been extremely helpful in their de-cision to work in the province.

“It’s huge,” she says. “In my per-spective, it’s the difference betweenoperating in Ontario (where Haloalso has properties) and Manitoba. Ifyou go to the exploration meetings in

HarvestingHarvestingManitobaManitoba

Prairie province a major mine site

By Jon Waldman

Sulphides from Halo Resources Ltd.’sJungle L property.(Source: Halo Resources Ltd.)

November, the premier shows up.That demonstrates to anybody inter-ested in working in Manitoba thatthere is senior-level support.”

As a result of these efforts, mininghas become one of the most importantsectors in Manitoba. Gary Ostry, man-ager of minerals policy and businessdevelopment with the Mineral Re-sources Division of the Manitoba Sci-ence, Technology, Energy and MinesMinistry, reports that the industry cur-rently ranks second in primary re-sources in value for the province (afteragriculture). In 2006 alone, metal pro-duction was valued at approximately$2.6 billion. Further, he points outthat mining represents 7 per cent ofManitoba’s Gross Domestic Productand 11 per cent of its exports.

A province with open-armsAccolades from the industry are

easy to come by, especially from thecompanies who have set up shop in theprairie province. Ostry comments thata number of businesses, including jun-iors and other exploration firms havecome into Manitoba, both from acrossthe country and around the world (he

cites Australia as a major source of ex-ploration companies).

Take, for example, Carlisle GoldfieldsLimited. The Toronto-based companyhas been in the northern community ofLynn Lake for several years. President,Chief Executive Officer and DirectorStephen Mlot had pervious experienceworking in the region, and as such feltthat his company would prosper in theprovince’s pro-mining environment.

Part of the attraction for Mlot wasthat he knew that there was opennessfrom the people of Lynn Lake to have amining company come in, somethingthat he feels is essential in light of thereputation the industry carries at times.

“People have got to want you to bethere,” Mlot says. “Mining has a lot ofnegative press around it, with things thathave happened historically. It’s always im-portant to know that you’re going to be ina community that is willing to have you,that is accepting and one that is willing towork with you through the process.”

Part of this willingness can be at-tributed to the fact that mining hasbeen an integral part of the economiesof towns in northern and south-eastern


Fast facts• Production involving Manitoba’s

top four metals alone—nickel, cop-per, zinc and gold—reached $1.878billion in 2006, up from $1.067billion in 2005, an increase of 75.9per cent.

• Adding $209 million of productionfor other metals such as silver,cobalt and platinum, and non-metallic minerals such as gravel andaggregates, the total value of pro-duction reached $2.1 billion, upfrom $1.3 billion in 2005.

• The 2006 increase is attributed inlarge part to dramatic price increas-es for various metals including nick-el, zinc, copper and gold which rosean average of 70 per cent in value(nickel 52.4 per cent, zinc 123 percent, copper 76.9 per cent and gold29.5 per cent).

• Increases in copper and gold extrac-tion also contributed, with kilo-grams produced by Manitoba minesrising 54.3 per cent and 20.4 percent respectively.

• Company spending for explorationis at all-time highs: $52.9 millionfor 2005 and $52 million estimat-ed for 2006.

• Seven advanced exploration projectsare currently underway for base andprecious metals in areas that havethe potential to be Manitoba’s nextmine.

• Manitoba supports explorationthrough the Mineral ExplorationAssistance Program (MEAP), offer-ing $2.5 million annually in directfinancial incentives.

• Funding from the last MEAP offer-ing in November 2006 is assisting39 new mineral exploration projectsthat will generate an estimated$34.4 million in expenditures.

• For every $1 million paid throughMEAP, $6 million is generated inexploration activity that boosts localeconomies.

• Since 1999, there have been morethan 400 exploration projects com-pleted and $106 million in explo-ration expenditures reported.

(Source: Province of Manitoba)

Crowflight Minerals Inc.’s Bucko Lake Deposit.

(Source: Crowflight Minerals Inc.)

Convention previewManitoba will be the focus of the mining world this fall, as the Manitoba Mining

and Minerals Convention takes place at the Winnipeg Convention Centre from November 15 to 17.

The conference includes a wide variety of featured events, including seminars,workshops, meetings, a lunch with Manitoba Premier Gary Doer, social events andthe Trade Show and Property Showcase, which runs throughout the convention.

For more on the Manitoba Mining and Minerals Convention, including registration,accommodation and exhibit booking information, visit: www.gov.mb.ca/iedm/mrd/minerals/convention/index.html

Continued on page 11

Manitoba. As Ostry remarks, some, infact, were built as mining towns.

“It’s important to the communities—their founding is based on mining. Thereare [approximately] 6,500 people directlyemployed by the mining companies inManitoba and there are spin-off business-es,” Ostry comments, noting that overall,23,000 jobs result from mining activity.

While a region can offer its utmostsupport to a company that has the poten-tial to set up shop, there exists a very im-portant bottom line: available resources.Without ample minerals and ores to ex-tract within regulations established by thepresiding government, there is no needfor mining companies stick around.

Here, again, Manitoba has proven tobe a leader in the industry. In the same re-port from the Fraser Institute, Manitobawas the 4th-ranked province and 12th-ranked across the globe in current mineralpotential. The stat emanated from cur-rent regulations and land-use restrictions.

The potential for land use was appeal-ing to Crowflight Minerals Inc., whoseprojects include work in the ThompsonNickel Belt. The Toronto headquarteredcompany, who has situated themselvesaround the town of Wobowden (south ofThompson) now fully operates one of thelargest properties in the area after previ-ously being joined with Falconbridge Ltd.They came to the province in-part due tothe rich deposits that were in the area.


Continued on page 12

Continued from page 9

“What we find attractive about theThompson Nickel Belt and Manitoba isit’s one of the world’s most prolific nickel-producing regions,” says CrowflightPresident and Chief Executive OfficerTom Atkins. “Nickel has become a more

recognized base metal with its price riseand, thus, you have seen a lot of newnickel exploration companies arrive onthe scene in the last three or four years.”

Similar success has been experi-enced by Callinan Mines Limited, who

has operated in the Fox River regionsince 2003. Braden Maccke, who worksin investor relations with Callinen, re-ports that this company has been ex-tremely happy with their purchase, inpart due to the potential of the region.“We like the property because all of thegeological structures are incredibly size-able,” he says. “A VTEM survey flownlast fall has located more than 20 highpotential targets that represent possiblemassive sulphide occurrences in andaround the Fox River Sill.”

As Manitoba’s mining industry con-tinues to build on its success, do not besurprised if it surpasses agriculture andbecomes the single-most importantprimary resource in the province.

For more on Manitoba companies,please see our Manitoba Corporate Pro-files on these pages:

CanAlaska Uranium Limited, P.49Carlisle Goldfields Limited, P.50Crowflight Minerals Inc., P.52Halo Resources, P.54Rolling Rock Resources Corporation, P.56Victory Nickel Inc., P.57

12 Summer 2007

M

Continued from page 11


Gold is at multi-yearhighs and the Albertaoil sands attract multi-billions in new develop-ment. The Tim Hor-

tons in Fort McMurray offers startingwages of $22 per hour. The CanadianDollar is at 30-year highs and Canadi-an First Nations plan a summer ofprotest.

All of the above and much else canput substantial pressure on miningprofit margins in Canada. It is sound-ing much like the 1970s all over again;high commodity prices and protestmovements; a high Canadian dollarand a minority government in Ottawa.

What is new since then is the intro-duction of publicly traded futures con-tracts and options on futures contractsfor things like crude oil and its prod-ucts, electricity, currencies and weatheramong other more traditional futuressuch as corn or pork bellies or gold andsilver. Miners cannot “hedge” thelabour supply or long term wages.Mining companies are not likely tohedge output as they once did. Thatstrategy has gone out of favour.

What can be done to protect profitmargins and leave unlimited upsideon production? Today miners can usefutures and options on futures tohedge their input costs which are cur-rencies, energy expenses and weather-related risk.

For years, large mining companieslike the Barrick Gold Corporation andintegrated metal firms like Alcan Inc.have bought price insurance on theirinput costs/liabilities. Smaller firmsmust now seriously look at the same

strategies used by the successful indus-try heavyweights. Publicly traded fu-tures have transparency of real timepricing and counter party guarantees.Options on futures enjoy the addedadvantage of limited risk (loss of pre-mium paid on the “policy” only). Bothfutures and options on futures are veryflexible. An appropriate hedge strategycan safeguard profit margins for todayand help plan tomorrow’s investmentdecisions.

Worth the risk?All mineral resource industries in

Canada have currency risk. This occursbecause costs are in Canadian dollarsand most revenues are initially in U.S.dollars since the world price of mineralsand hydrocarbons are traded in U.S. dol-lars. Other expense risks related di-rectly to exploration andextraction are differ-ent for differentindustries.

For instance, miners need access tocheap electricity and diesel fuel. Hy-drocarbon drillers need a frozenground as do diamond mining supplyoutfits in the far north. Three yearsago, the commodity bull leapt forward.What was blue sky began to turncloudy for Canadian miners, what withthe escalating costs of fuel, equipment

16 Summer 2007

of Profit in Canadian Mining

The

Escalating

Price

By Chris James, Peregrine FinancialGroup of Canada, Inc.

Also consider co-development dealswith locals to produce power from greensources. The advantage here is a low costinvestment (a non cash deal with a localconcern to share a resource). This may beleveraged into greenpoints that govern-ments everywhere are beginning to recog-nize as cashable offsets to environmental li-abilities elsewhere in the economy. Forinstance, to get a mothballed ore crusherand mine in operation, a small Canadiangold miner make a deal with the local FirstNations community to co-develop the pri-vate hydroelectric resource and share in itsproduction. Cooperation and shared risk isa form of hedging that can now pay morethan just goodwill dividends, it can payreal cash in the form of a wider pool fromwhich to raise funds (lower cost of capital)or cash sales of green credits on the Chica-go Climate Exchange for instance.

This exchange offers member compa-nies transparent pricing and clearing of car-bon offsets. Also, for smelters and powergenerators the related Chicago Climate Fu-tures Exchange offers futures on SO2 (Sul-fur dioxide). Members are both big andsmall companies, private and public. Notonly are carbon emissions traded here, butacross town at the Chicago Mercantile Ex-change, miners can trade weather futures.Drillers in Canada depend upon frozenground to move equipment and need thatwindow before seasonal road bans kick in.Miners in the far north depend on ice roadsto move a year worth of supplies and infra-structure gear to the diamond mines. A lossof two weeks of ice road in a warming cli-mate means the difference between the costof truck freight and air freight, which can bebig.

This is the right time for Canadianminers to include futures and options onfutures in the planning and executionof their Canadian operations. This willhelp limit risk and help to increaseflexibility; both of which will help todeliver consistent profits.

Chris James is the Online Tradingmanager for PFG Canada Inc. PFGCanada Inc. offers trading accounts inFutures and Options on Futures forCanadian traders and corporate hedgers.Please call (905) 896-8383 or (866)220-0247 or email Chris James [email protected] for information.

and shortages of skilled labour. A recentlyquoted miner said, “Stowe also noted therapid escalation in the cost of raw materi-als at mines,” and, “overly optimistic fore-casts by corporate offices eager to gain thefavour of investors,” (Andrea Hotter,Dow Jones Newswires, 05-16-070944ET).

Recent reports also note the rally inthe Canadian dollar has outpaced com-modity prices. So even as nickel and cop-per “languish” at multi-year highs ourLoonie has rallied an additional 5 or 6 percent. The spread between commodityprice appreciation and currency apprecia-tion has narrowed sharply.

The key to controlling cost in anybusiness is to have a plan. The planmust include an intention to hedgecosts. Whether you hedge or not the fu-tures market can help you see out farenough to gauge the risks of a hedge orunhedged strategy on controlling costs.

For instance any cash flow forecast ofexpenses has to include future valuesgleaned from the present prices of fu-tures contracts for each month of yourforecast. A pattern might become appar-ent. This pattern might show the “fu-ture” value of production flat lines orgoes down in the same month that per-haps the “future” value of a particularcost is going up. For instance the spreadbetween diesel prices (heating oil futurescontract—basically the same thing) andcopper prices narrows enough to hurtprofit margins in that particular monthin the future. The company can then de-cide to hedge that month and leave therest of the forecasted months’ marginsunhedged. Also the company mightwish to change the timing of certaintransactions or developments to take ad-vantage of favourable spreads. The keyis to have a plan and to update it withthe latest prices!

Currency risk is an ongoing concernof Canadian exporters ever since theCanadian dollar floated in the late 1960s.Mostly, the Canadian dollar moved lowerwith the occasional up tick from a re-bounding commodity price cycle. Today,commodities have rallied to a standstillwhile the Canadian dollar continues torally due to a positive domestic economy.

Making the right movesWhat can a miner do? Get protected!

Seriously consider your net Canadian dol-lar exposure and hedge it. Also, raise moreof your equity development money inhigh yield currencies like the Canadian orAustralian dollar or the British pound.Move liabilities into weaker currencies bymaking purchases/borrowings in Yen orSwiss Francs. Use low-cost, long datedoptions on currency futures to hedge thiscarry trade type play.

In other words, spread the investmentcapital in strong currencies against costs inweaker currencies! Raise money in Britainand spend it on equipment bought inJapan! Sound complicated? It is, but thissophisticated “spread” is used by multina-tional corporations everyday and as life fora miner gets more complicated, the min-ing community has got to adapt.

The value added by hedging costs canbe realized by not incurring the cost in thefirst place but in selling your insurance backinto the market at a profit and holding offon production if it is not economical on acash basis. Smaller operations can consideroptions since they are the most flexible wayto take advantage of volatile markets. Alu-minum companies are used to switchingfrom metal production to producing elec-tricity for grid consumption as the spreadbetween metal prices and electricity pricesnarrow or cross. Again a table of future val-ues for electricity and metal prices can beused to gauge the risk going forward.


“All mineral resource industries in Canada havecurrency risk. This occurs because costs are in

Canadian dollars and most revenues are initially inU.S. dollars since the world price of minerals and

hydrocarbons are traded in U.S. dollars.”

M

By Gordon Davies, RCAI

The most recent break-through in increasingmine productivity andreducing safety concernscomes from what some

may consider an unusual source, theasphalt paving industry.

The unique crossover application waspioneered and developed by a southernCalifornia manufacturer who has beensupplying asphalt release agents, concreteform oils and curing agents, dragchain/slat lubricants and release agents forpaving equipment throughout NorthAmerica for years.

The challenges faced by mining haultrucks are very similar to those faced byasphalt haul trucks, only on a much larg-er scale. By eliminating, or significantlyreducing, the “dead bed” or carry-backissue, an effective release agent can have amajor beneficial effect on mine produc-tivity and thus on the bottom line of theentire operation.

Using an example of a mine that runs4 80-ton haul trucks, with 3 in continu-ous operation and the 4th down formaintenance at any given time, theywould run 2 12-hour shifts per day, 7days per week. The round-trip time fromloading to dumping to re-loading is 6minutes for each truck, which equates to80-tons every 2 minutes.

Build-up wasteTypically, a clean 80-ton haul truck

will build up between 2-3 tons of carry-back over the course of a single 12-hourshift and is not cleaned out until it goesdown for servicing once per week. Thismeans that the example mine is losingtwo to three tons per load due to the un-usable space taken up by the build-up.

With a load being dumped every 2minutes, we can estimate that the useof an appropriate release agent will in-crease mine productivity by an averageof 2.5-tons per truckload, 75-tons perhour, 900-tons per 12-hour shift, and1,800-tons per day. With larger minesthat run 240-ton and 400-ton haultrucks, the increase in productivitygrows exponentially.

Some of the benefits of utilizing arelease agent product in the mining in-dustry include:• Some release agents actually pene-

trate the metal of the truck bed tocreate a non-stick film;

• Coverage areas of 800-1,000 squarefeet per gallon of release agent—highly cost effective;

• Prevents the build-up of carry-backin the trucks, often many tons pertruck per shift, thereby significantlyincreasing productivity;

• Significantly reduces the amount ofclay and mud build-up on vehicleundercarriages;

• Reduces the amount of down timerequired for truck cleaning;

• Reduces the likelihood of employeeinjury caused by cleaning largetruck beds;

• Certain release agents are completelynon-hazardous and non-toxic, per-fect for use in confined areas andunderground;

• Most release agents have no recordednegative effect on equipment ormaterials; and

• Application systems, both hand-held and fully automated, are of-fered by some release agent suppli-ers for any application at nocharge—minimum capital outlay.The release agent market is crowded

with products and services claiming to beenvironmentally friendly, biodegradable,non-toxic or low VOC. The problem isin determining which release agent istruly environmentally responsible and ap-propriate for use in a highly specializedwork environment such as mines.

EcoLogo certifiedEnvironment Canada’s Environmental

Choice Program is recognized as one of thebest in the world. ECP certification pro-vides both consumers and industrial pur-chasers with a level of assurance that theproduct bearing the EcoLogo, ECP’s sym-bol of environmental excellence, meetsstringent environmental and performance

18 Summer 2007

Mining ProductivityBreakthrough

with a

“Green”Touch

criteria. The mark also tells the purchaserthat the manufacturer of the product hasbeen audited by a credible third party.

Started by the Government of Canadain 1988, the Environmental Choice Pro-gram is one of many ecolabelling pro-grams around the world rewarding prod-ucts and services for their environmentalleadership and performance.

When looking for the appropriate re-lease agent for use in mining, be sure tofind a supplier that is a Certified EcoLogoLicensee or equivalent in order to be cer-tain that you’re getting the best releaseagent product available.

Finally, there are a large number ofrelease agent suppliers out there, how-ever most are small operations that arenot able to provide the level of servicerequired by the mining industry. Obvi-ously, there’s a big difference betweenservicing a local asphalt plant and serv-icing a major mining company with lo-cations spread out over vast distances.Make sure that your release agent sup-plier has the resources, production ca-pabilities, personnel, knowledge andexperience necessary to effectively serv-ice your company’s operations.

Gordon Davies is the president ofRCAI, a research based, industrial supplycompany specializing in the development,sales, and distribution of industrial re-lease agents. To learn more about RCAI,visit: www.rca-inc.com.


“By eliminating, orsignificantly reducing,

the “dead bed” orcarry-back issue, an

effective release agentcan have a major

beneficial effect onmine productivity and

thus on the bottom lineof the entire operation.”

M

20 Summer 2007

In each of the next three issues ofCanadian Mining Magazine, we will bepreviewing MINExpo International®2008, which will take place September22 to 24, 2008 at the Las Vegas Conven-tion Center in Las Vegas, Nevada.

2008 will be a landmark yearacross the United States.Sports fans will be gatheredaround televisions to watchthe Olympic team compete

at the Summer Games in Beijing andpolitical aficionados will be headed tothe polls to elect a new president.

As important as these events will be,there will also be the 2008 edition ofMINExpo, the largest gathering of min-ing companies across North America.

Space is limitedWhile some companies may be wa-

vering on whether or not they will renta space for MINExpo’s trade show, sev-eral businesses have not taken thechance of missing out.

In the Spring 2007 edition of theExhibitor eNews newsletter, NationalMining Association President Kraig R.Naasz reported that more than 85 percent of available space in both theNorth and Central Halls have been re-served, a phenomenal number for ashow that is still over a year away.

“Every indicator points to this showbeing the biggest and best yet. Exhibitspace sales have significantly outpacedprevious shows,” Naasz wrote.

Call for papersAlong with the trade show that

dominates the Las Vegas ConventionCenter are a series of information ses-sions which will take place Tuesday,September 23 and Wednesday, Sep-tember 24.

At this time, MINExpo Interna-tional has put a call out for papers.As stated on the conference’s website,

located at www.minexpo.com, topicsfor sessions, which will run for twohours and will have up to four presen-ters, are slated to include surface min-ing, underground mining, processing,safety and health, exploration, bulkmaterials handling, new mine develop-ment, air, industrial minerals, coal andreclamation. Other subjects may beadded.

Who’s there?Each MINExpo brings together

top-ranking officials from companiesacross the sector. Based on past expos,the attendance breakdown by positionis as follows:•• 3399 ppeerr cceenntt—Production/opera-

tions/maintenance personnel;•• 2299 ppeerr cceenntt—Chief executive offi-

cers, presidents, owners, vice presi-dents and general managers;

•• 2233 ppeerr cceenntt—Engineering manage-ment and personnel and geologists;

•• 33 ppeerr cceenntt—Purchasing/sales/mar-keting personnel; and

•• 66 ppeerr cceenntt—Other.(Source: Exhibit surveys)

Not only are major players in min-ing businesses on hand for this phe-nomenal event, but MINExpo is trulyan international entity. According tonumbers from the event’s coordinators,110 countries are represented at MIN-Expo. Though 24,000 of the delegatesare from the States, an additional 6,300come from other regions. The interna-tional attendee breakdown is as follows:•• 3366 ppeerr cceenntt—Canada•• 2222 ppeerr cceenntt—Latin America (includ-

ing Central and South America)•• 1177 ppeerr cceenntt—Europe•• 1122 ppeerr cceenntt—Asia•• 88..55 ppeerr cceenntt—Australia•• 44..55 ppeerr cceenntt—Africa and the

Middle East.

For more information on MINExpoInternational® 2008, visit www.minex-po.com, and keep an eye on your mailboxfor the next issue of Canadian MiningMagazine, where we will discuss the his-tory of MINExpo.


Conference Preview: MINExpoInternational® 2008Part one: an overview

M

What began just a couple issues ago asa tracker for the Falconbridge/Incodrama continues today as CanadianMining Magazine’s newest department.

Though the statuses ofthe former Falconbridgeand Inco have notchanged (at least fornow), a number of

other companies have gone throughmergers, takeovers or other such deal-ings. In June 2007 alone, eight dealswere either opened, continued or final-ized. Here’s a look at some of the mostrecent transition activity in mining.

June 28, 2007Vancouver-based Fronteer Develop-

ment Group Inc. entered into a lock-up agreement with NWG InvestmentsInc., who owns 86 per cent of theNewWest Gold Corporation.

The deal will see Fronteer acquireall outstanding common shares inNewWest, with a price of 0.26 com-mon shares in Fronteer for everyNewWest stock.

As part of the arrangement,NewWest has agreed not to solicitother purchase offers for 30 days.Other provisions include NWG’s abili-ty to tender common shares to a supe-rior transaction under certain circum-stances and conditions, including, asnoted in a Fronteer statement, “offer-ing Fronteer an opportunity to matchany such proposal and the payment bythe Significant Shareholder of a termi-nation fee to Fronteer in the amount of$5.6 million.”

As well, Fronteer’s continuation inthe transaction is subject to terms andconditions.

June 28, 2007According to an article that ap-

peared in the Toronto Star via theCanadian Press, three gold companiesfurthered negotiations for a partner-ship/takeover plan.

The article, entitled “Orion surgeson merger news”, reported that Ya-mana Gold Inc. and Northern OrionResources Inc. would merge and thentake over Meridian Gold Inc. The re-sult of this three-way deal would be a

major entity in the global gold market,which, according to estimates in the ar-ticle, would have a stock market valueof $10 billion and have an estimatedproduction of 1.4 million ounces by2009, more than double the total basefrom the three companies in 2006.

Under terms of the agreement,Northern Orion shareholders wouldreceive 0.543 shares in Yamana foreach of their stocks, while a Meridianshare would earn 2.235 shares in Ya-mana and $3.15 in cash.

The result of this transaction wouldbe a company with the following own-ership breakdown:• 53.4 by current Yamana shareholders;• 34 per cent by current Meridian

shareholders; and• 12.6 per cent by current Northern

Orion shareholders.“The combination of Yamana,

Northern Orion and Meridian makessense from a strategic and geographicperspective, and we believe that theproposed structure is a creative way tounlock value for all shareholders in-volved,” Peter Marrone, chairman andCEO of Yamana told the CP.

June 25, 2007Toronto’s Denison Mines Corp.

launched a bid to take full owner-ship of the Australian-based Omega-Corp Ltd.

The deal would see shareholdersaccept $1.30 USD per stock ofOmegaCorp, with a total estimatedvalue of $134 million USD.

Denison, who already owns 33per cent of OmegaCorp, stated in arelease that, “Denison’s managementhave concluded that it would be inthe best interests of the respectiveshareholders of Denison and Omega-Corp if the remaining OmegaCorpshareholders were provided with anopportunity to accept a new cashoffer.”

June 22, 2007Reports came in that the Norilsk

Nickel Group had signed loan agree-ments to fund its acquisition of com-mon shares in LionOre Mining Inter-national Ltd. The majority of activitybetween these two groups took place

TRANSACTIONTRANSACTIONREPORTREPORT

22 Summer 2007

Morepurchases and mergershighlight June 2007mining activity

in the month of June 2007, withCanada-based LionOre’s board mak-ing a recommendation on June 11 forits shareholders to accept the friendlypurchase offer from Norilsk, who isheadquartered in Russia, for a price of$27.50 CDN.

Norilsk was not the only poten-tial buyer, however. XStrata Nickel,whose parent company became theeventual winners in the Falcon-bridge sweepstakes, also had ten-dered offers to LionOre investors,with the largest offering being$25.00 CDN per share.

June 20, 2007Ireland’s Independent reports that

shareholders in both the Lundin Min-ing Corporation and the Tenke MiningCorporation.

In an article titled “Investors backLundin, Tenke Mining merger”, PatBoyle wrote that the deal looked to befinalized on July 3, 2007. As part ofthe deal, Tenke shareholders would re-ceive 1.73 shares in Lundin and$0.001 CDN in cash for every stock.

Tenke, headquartered in Vancouver,and Lundin, centered in Stockholm,Sweden, first announced their mergerin April, 2007.

June 14, 2007Sherritt International Corpora-

tion announced that it had complet-ed its Plan of Agreement to take overthe Dynatec Corporation.

The terms of the deal saw Sherrittacquire outstanding issued and com-mon shares from Dynatec holders,with one Dynatec stock being valued

at 0.19 Sherritt common shares androughly 0.0635 common shares inFNX Mining Company Inc. Thetakeover was approved by approxi-mately 99 per cent of share holdersduring the June 8 Plan of Agreementannouncement.

Both Sherritt (Toronto) and Dy-natec (Richmond Hill) are Canadi-an-based.

June 7, 2007Today, Vancouver-based entities

Bayswater Uranium Corporation andKilgore Minerals Ltd. entered into amerger.

Described in a Bayswater releaseas an “Arrangement Agreement”,terms of the deal included, “a sharesplit of the issued and outstandingcapital of Kilgore on 1 old Kilgoreshare for 1.25 new Kilgore sharesbasis, immediately prior to the com-pletion of the merger transaction toacknowledge a revision to the valua-tion of Kilgore and its assets.”

The release further states that aspecial meeting between sharehold-ers from both companies was sched-uled for July 16, 2007, with ap-proval coming in the same monthfrom the British Columbia SupremeCourt, which was stipulated in theagreement.

June 4, 2007SXR UraniumOne Inc. an-

nounced that it and the Energy Met-als Corporation (EMC) had signed adefinitive agreement which wouldsee SXR buy out all shares in theBritish Columbia-based company.

Terms of the takeover include1.15 shares in SXR for every EMCstock. SXR, a multinational compa-ny with Canadian offices in bothVancouver and Toronto, later an-nounced that its name would changeto Uranium One Inc.

The deal, on both sides, was ap-plauded.

“With our solid position in Kaza-khstan and South Africa, the acquisi-tion of EMC fits in perfectly withour stated strategy of value-accretiveexternal growth and our focus ongrowth in the United States,” saidSXR President and CEO NealFroneman in a release. “The combi-nation of Uranium One and EMCwill create a powerhouse in the Unit-ed States uranium sector with thepotential to become the domesticsupplier of choice for U.S. utilities.”

“The new Uranium One’s signifi-cant resource base, strong balancesheet and proven management teamwill ensure that the company be-comes one of the world’s leading di-versified uranium producers,” addedEMC President and CEO PaulMatysek. “My colleagues and I atEMC look forward to continuing toplay an important role in what I be-lieve to be the fastest growing andmost dynamic uranium company inthe world.”


M

Tools of the TradeCavotec MC-3-6 EX Radio remote controlThe most versatile remote for Zone 1 and other Ex applications

Features include: 34 digital and 32 analogue functions; a dou-ble battery compartment, enabling (and not interrupting) the op-eration; all different BUS systems can be adapted; controls can becustom-made; terminal is ergonomically designed.

Safety factors: alarm and status messages displayed in the LCDpanel; option of cable control.

www.cavotec.com

Caterpillar® D-Series Wheel ExcavatorsMore power, greater lift capacity and faster cycle times

Available in five different models (M313D, M315D, M316D,M318D and M322D), the Caterpillar® D-Series Wheel Excavators im-prove on the lift capacity and cycle time that was already among the bestin the industry during the C-Series.

Each D-Series model has a dedicated hydraulic pump that powers theswing mechanism, which, with advances in circuitry, maximizes its per-formance without affecting other hydraulic performance.

Using ACERT™ Technology and the Cat® engine, the D-Serieswheel excavators achieve greater performance with reduced operatingcosts. The engines, which vary through the line, utilize the Cat Com-mon Rail Fuel System, giving the D-Series an increased level of fuel effi-ciency and meet U.S. EPA Tier 3 engine emissions regulations.

www.cat.com

Trellex Conveyor Belts High performance at a cost-effective price

Metso Minerals delivers one of the world’s most com-prehensive range of conveyor belts. Based on more than100 years of experience in development, manufacture andapplications, Trellex belts and belt systems are designed tomeet specific end-user requirements for high performanceand cost-efficiency. Trellex conveyor components and ac-cessories increase uptime, improve the environment andreduce the need for maintenance.

www.metsominerals.com

24 Summer 2007


Pajari Instruments Ltd e-SYNCSurveying with advanced technology

• The e-SYNC is an electronic survey-ing instrument that provides inclina-tion and tool-facing readings accurateto ± 0.5 degree.

• The e-SYNC can be set to activate atits destination or provide continuousreadings.

• The e-SYNC receives its operatingcommands and reports the survey re-sults to a handheld computer.

• The handheld computer has a touchsensitive screen with large, user friend-ly buttons and text to guide youthrough the commands required tostart and download a survey.

• Communication between the e-SYNCand handheld computer is throughwireless “Bluetooth” technology.

• Wireless communication can onlyoccur over an obstacle free distance ofa few metres. This means that the e-SYNC and handheld computer donot communicate when the instru-ment is in the hole.

www.pajari.com

See your product in this space. Email our editor [email protected] to learn more about

being part of Tools of the Trade.

26 Summer 2007

Think Mexico. Whatcomes to mind? Sandybeaches. Friendly people.Ancient ruins.

Those in the miningindustry also are well aware of the im-portance the country serves in theglobal economy. As one of the chiefmetal producers in the world, Mexicohas become a destination for miningcompanies from Canada, the U.S. andbeyond.

Part of the appeal that Mexicoholds i s the var ie ty of minera l sthat have been discovered and ex-tracted over the years. Though sil-ver has always been a focus of theirmining industry, giving it a rank-ing as one of the top producers inthe world, a wide variety of com-modities are also found in Mexico.The country also ranks as the 5th

largest producer of lead and zinc,and the 11th largest copper pro-ducer. Gold and molybdenum area l so large par t s of the Mexicanmining industry.

HistoryAs one may expect from an area whose

cultural history includes great stonecarvings and structures, mining has

been an im-portant partof Mexico’spast. As notedin InfoMine’sState of the Industry Review, writtenby Dan Oancea, the sector’s historydates back to the 1500s , whenHernando Cortez, a Spanish ex-plorer, came to the country. Soonafter Cortez’s arrival in the newland in 1521, the extraction of sil-ver, which remains one of Mexico’smost produced minera l s today,

soon followed and became a vitalpart of Spain’s treasury.

Through the next 300 years, whileSpain retained control of the NorthAmerican country, silver productioncontinued, though other minerals andmetals, including copper, gold, leadand iron began to be extracted as well.The success of mining in Mexico was


By the numbers11,,997722,,555500 kkmm22 — Total area.110088,,770000,,889911 — Estimated population in July 2007.226644,,444488 — Number of workers in the mining industry in 2005.$$884400 bbiilllliioonn ((UUSSDD)) — Nominal gross domestic product (GDP) in 2006.$$77..44 bbiilllliioonn ((UUSSDD)) — Merchandise imports from Canada in 2006.6600 ppeerr cceenntt — Total trade/GDP in 2006.8888 ppeerr cceenntt — Percentage of Mexico’s trading that is done with the United States of America.1177 ppeerr cceenntt — Percentage of the global supply of silver that is produced in Mexico.This gave the country a ranking of first in the world, as of July 2007.44..88 ppeerr cceenntt — Percentage growth of GDP in 2006.22..55 ppeerr cceenntt — Forecasted percentage growth in 2007.NNeeaarrllyy 220000 — Number of foreign publicly traded companies exploring or mining inMexico as of July 2006, most of which are from North America. Private companiesare also operating in the country.(Sources: InfoMine.com, Export Development Canada)

Get to Know

MexicoLatin Americancountry aworldwideleader inmetals

so large, in fact, that it factored for ap-proximately 10 per cent of the coun-try’s gross domestic product (GDP) in1929, according to statistics reportedin the International Council on Metalsand the Environment’s (ICME’s) pub-lication, Mining, Metallurgy and theEnvironment in Mexico during theTwentieth Century (1995).

Since those times, however, theGDP percentage has dropped, to theextent that by 1992, the contributionwas 1.5 per cent. Though the num-ber may seem small, the ICME docu-ment remarks that, “for comparison,oil and natural gas extraction con-tributed less than two per cent to theMexican GDP.”

Despite the decrease of mining’spresence in Mexico’s big economic

picture, the value of mining in Mexi-co remains strong. Cream MineralsLtd. President Frank Lang com-ments, for example, that his compa-ny’s highest stock value came duringa time when a previous incarnationof the company produced $25 mil-lion worth of silver. The companycontinues to have a presence in thecountry today, with their NuevoMilenio Property in the province ofNayarit.

Government assistanceBreaking ground in a new country

can be a daunting task, in part due tolocal legislations that might be in placein regards to foreign companies com-ing in and breaking new ground.

Though obstacles in Mexico haveexisted in the past, developments inthe last 20 years now allow companiesfrom Canada and other internationalmarkets to come into the nation andset up shop.

Rick Bailes is the president of Cana-dian Gold Hunter Corp., whose proj-ects currently include the CaballoBlanco gold property in Veracruz State,close to the Gulf of Mexico. He com-ments that these allowances were amajor factor in his company cominginto the North American country,something that he believes may haveemanated from an agreement betweenCanada, the United States and Mexico.

“What really opened up Mexico wasthe easing up on foreign ownership ofMexican mining properties,” he says.“This took place in the early 90s andmay have been the result of NAFTA.”

With a continued interest in ex-panding to non-domestic entities andan ever-increasing need for metals inNorth America and other markets,look for Mexico to continue to be aworldwide mining leader.

28 Summer 2007

Before you go…As is the case before going into any

new territory, being aware of legisla-tions that exist before exploring Mexi-co are important.

Terms and conditions that currentlyexist in the Latin American country in-clude the following:• A maximum of six years for explo-

ration concessions. This agreementis not renewable;

• A maximum of 50 years for process-ing concessions. This agreement isrenewable for similar time periods;

• No restrictions on mining conces-sions are currently in place; and

• Full private ownership (100 percent) is available in equity explo-ration, development and the pro-duction of mineral substances.Be sure to consult the Mexican

Chamber of Mines and the Association ofMining Engineers, Metallurgists and Ge-ologists of Mexico (www.geomin.com.mx)and the Mexican Chamber of Mines(www.cammimex.org.mx) for more in-formation on any mining regulationsin the country.(Source: InfoMine.com)

Convention previewThe 27th International Mining Congress and Exhibit (XXVII Conveción Inter-

nacional de Minería) will take place October 10 to 13 in Veracruz.The theme for this edition of the bi-annual convention is, “Mining at Society’s

Service”; which, as noted on the event’s website, will “focus on the actual perceptionthat the mining guild has about the mining industry state within its environment.”

Conducted by The Miners, Metallurgists and Geologists of México Association,the congress includes several business interaction opportunities, technical paper pre-sentations and leisure activities such as golf, fishing and tennis tournaments. Pro-gramming is also being prepared for companions.

Exhibit booths are currently available for rental, as well as registration and hotel in-formation. These and other details about the 27th International Mining Congress andExhibit can be found on the convention’s website at www.expominmexico.com.mx.

“What really opened up Mexico was the easing up on foreign

ownership of Mexican mining properties.”

“As one of the chiefmetal producers inthe world, Mexico

has become adestination country

for miningcompanies fromCanada, the U.S.

and beyond.”

M

West Timmins purchases centralMexico zone

Vancouver-based West Timmins Min-ing Inc. announced on June 28, 2007 thatit had acquired a 510 square-kilometreproperty in the San Luis Potosi State incentral Mexico.

The new territory, known as the Uni-verso Gold Project, extends across 28 kilo-metres of a belt that is rich in gold. Occur-rences that have already been measuredinclude values ranging from 100 to 7,750ppb (7.75 grams per ton).

“We are very pleased to add anotherhighly prospective, district-scale gold proj-ect to our Mexican property portfolio,”said Darin Wagner, President and CEO ofWest Timmins Mining Inc. “The similari-ties between the Universo District and oneof the most prolific gold producing regionsin world are striking. Our initial investiga-tions suggest potential for the developmentof large, disseminated ‘Carlin-type’ golddeposits throughout the project area.”

The Universo project was primarily ac-quired via staking and will be under 100per cent ownership of West Timmins’ sub-sidiary company Minera Golondrina. Aspart of the acquisition agreement, this des-ignate is subject to a 1.5 per cent NSR roy-alty to Minera Cascabel, who has helpeddevelop and acquire the project. Further,West Timmins, on behalf of MineraGolondrina, can earn 100 per cent interestin the San Martin property, which consti-tutes the balance of Universo. San Martinalso falls under the same 1.5 per cent NSRroyalty provison.

www.westtimminsmining.com

Agnico-Eagle Mines expandsterritories in Mexico

On June 27, 2007, Agnico-EagleMines Limited released an update on itsactivity in Mexico.

Among the reports was a forecast thatmore than half of Agnico-Eagle’s 2007 ex-ploration would be in its Mexican territo-ries. Of the $40 million-plus budget forsuch activities, $26 million has been desig-nated for the Pinos Altos property, while

other land acquisition opportunitiesare also being investigated. Otherfunding is being devoted to strategicplanning with Mexican junior explo-ration companies.

The investment at Pinos Altos fol-lows what have already been successfulfindings in the area. Strong gold min-eralization results are already being re-ported, including near-surface intersec-tions in the Creston Colorado andMascota zones. As well, potential ore-grade mineralizations are being foundin drill holes between Cerston Col-orado and Santo Nino.

The Agnico-Eagle update alsonoted that it has signed an optionagreement, which will allow the com-pany to gain 100 per cent ownership ofthe El Realito property in Sinaloa. Thezone is currently owned by a privatebusiness.

These prospects and results meanthat Agnico-Eagle will stay on par withits expectations for production.

“The most recent Pinos Altos explo-ration results give us further confi-dence that we will be able to meet ourpreviously stated gold reserve target of18 million to 20 million ounces by theend of 2008. Agnico-Eagle’s gold re-serves already exceed the average of the

rest of the mid-tier gold producers bymore than double”, said Agnico-EagleVice-Chairman and Chief ExecutiveOfficer Sean Boyd.

www.agnico-eagle.com

First Majestic ahead of expectationsin La Encantada

First Majestic Silver Corp., head-quartered in Vancouver, updated its sta-tus in the La Encantada Silver Mine onJune 18, 2007, with positive comments.

In a release on its website, the com-pany stated that the property, “has ex-ceeded management’s expectations atthis early stage of developing this mineinto a much larger operation,” and that,“reserve/resource development has ad-vanced more quickly than originally an-ticipated.”

The cause of this elation is higher-than-expected sampling yields. Inproven mineral reserves, results weighedin at 412 grams per tonne, while proba-ble reserves were reported at 391 gramsper tonne.

Other metals found in samplings in-clude lead and zinc.

The next report from La Encantadais expected to be released in October2007.

www.firstmajestic.com

News from Canadiancompanies in Mexico

Canadian Mining Magazine

Mexi-Can News

M

In what has become a growingtrend for the San Gold Corpora-tion, praise from an industrycommentator has once againcome in for the mining company.

In his May 5 Gold and TechnologyStocks hotline message, Jay Taylor, amining stock researcher, continued togive a nod to San Gold, following hisinitial investment recommendation inSeptember 2006. In his report, Taylorupgraded the status of San Gold from“B” to “A” status, following the an-nouncement of its first gold sale onApril 13, 2007.

Taylor noted that despite outstand-ing shares, San Gold looked to be asolid company. “Based on a discussionI had with a member of this company’smanagement team on May 2, com-bined with the opinion of my consult-ing exploration geologist, MickeyFulp,” Taylor wrote, “I am beginningto think this is a very, very excitingemerging gold producer that can veryeasily double or triple in value over thenext 12 months, assuming it can exe-cute its business plan.”

The business plan Taylor refers toincludes a very strong mission state-ment from the younger company. Aspart of the growth strategy, San Goldforecasts to produce 500,000 ounces of

gold in 2007, increase exploration anddevelop another gold deposit into aproduction mine.

San Gold’s concentration is on itsRice Lake property, an area that has asubstantial history, dating back to thefirst gold discovery in the area in 1911.In 1932, the Rice Lake Mine officiallyopened, from which 1.4 million ouncesof gold were extracted until it closed in1968.

In its infancy, San Gold explored andacquired land in the region, starting in1997. At the same time, a group of com-panies worked on an upgrade to the oldRice Lake Mine and mill, though theconsortium’s work would be short-lived,as the zone would again close in 2001.

Just three years later, however, after abidding war with another company, SanGold purchased the mine and mill for$7.5 million and were fully permitted forthe area. Along with this expenditure wasan additional $50 million in re-openingcosts, plus money invested into creatingthe San Gold #1 mine and expanded ex-ploration programs.

As part of the opening, numerous em-ployees were hired to work in the mine.Rather than import workers from otherregions, however, San Gold chose, in-stead, to hire those who live in communi-ties surrounding Rice Lake, including

members of local Aboriginal tribes. RickBoulay, a director with San Gold, pointsout that the effort’s focus has been bothto do what will serve the company andreach out to its neighbours in the region.

“It has worked out well for every-body,” he says. “It makes sense to do whatwe’re doing.”

The thrust of this effort comes fromSan Gold’s CEO, Hugh Wynne, who haslived in Bissett, and was, at one time, themayor of the small town, located on RiceLake, northeast of Winnipeg. As Boulayexplains, Wynne established a mindset tonot only employ people from the area,but to educate them in the industry.

“He has supported the town for yearsand years,” he says. “The whole trainingprogram was his idea. He gets 99 to 100per cent of the credit for that.”

Now, just a few short years after theRice Lake purchase, San Gold is produc-ing from two mines and a third mine thatwill be online soon. Each of these, asBoulay points out, are in close proximityof one another, but operate independent-ly, another strategy that will allow thecompany to continue operation shouldanything occur at one location.

As more of these work strategies de-velop over time, San Gold will contin-ue to build its reputation and be aheavily-recommended investment.

30 Summer 2007

LEFT: Manitoba Premier Gary Doer (centre) and Sci-

ence, Technology, Energy and Mines Minister Rondeau

present the Community Vision award to Hugh Wynne,

CEO of the San Gold Corporation during the Manitoba

Mining and Minerals 2006 Convention.

Company Profile—San Gold Corporation

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HR SECTION

32 Summer 2007

MiHR receives $2.5 million forworker shortage

On March 6, 2007, the Mining Indus-try Human Resources Council announcedthat it received a $2.5 million grant for theattraction, education and retainment ofskilled workers in the mining sector.

The funding, which was formally an-nounced at the Prospectors and DevelopersAssociation of Canada Convention, willlook to address the 80,000 worker shortagethat the industry faces in the next decade.This effort comes together as the MiningAttraction, Recruitment and RetentionStrategy (MARS), which will take placeover the next three years.

“There are many rewarding and excit-ing career opportunities just waiting to berealized in the modern mining industry,”said Paul Hebert, executive director ofMiHR in a release. “We face the challengeof filling up to 80,000 jobs within the

next ten years and will succeed only if wecan attract more Canadians includingwomen, Aboriginals and new Canadians.MARS’ mission is to help industry findthe right people with the right skills atthe right time.”

Among the projects MARS will run are:• The acareerinmining.ca website;• Hands-on classroom resources which

link to provincial curricula;• Summer employment strategies for stu-

dents; • Outreach activities from the industry,

which will include various kits andguidebooks on recruitment and reten-tion;

• A cross-Canada mentorship program;• Marketing campaigns that target youth

through the world wide web; and• Research and the dispersal of best prac-

tices in recruiting and retaining in non-traditional labour groups, such as women,

The latest news from themining employment boards

HR SECTION

Job

Wat

ch


HR SECTION

Aboriginals, new Canadians and re-tirees.As Ingrid Hann, Vice President,

Human Resources, De Beers Canadaand MiHR Board Member remarked inthe same MiHR release, MARS repre-sents the first time there has been a syn-chronized human resources effort acrossthe sector.

“MARS will coordinate industry-wideefforts to increase the pool of workers andskills so that the entire mining industry’sneeds may be met over the long term.”

More workers expected in Canadianjob force

A survey conducted by the Bank ofCanada is showing that businesses in thecountry are preparing to hire more workersin the next 12 months.

The survey, which was released in April2007, was conducted with 100 firms acrossCanada, who, as noted in an April 16,2007 article from the Canadian Press, “aregenerally optimistic across the board aboutwhat the next year will bring for the econo-my and Canadians.”

Expectations for the coming year in-clude more dollars invested in equipmentand machinery, improved sales and a largerworkforce. The out-standing concern,however, is in labour shortages, which 41per cent of the surveyed companies saidwill likely occur in their companies in the

coming year. The decrease, the survey stat-ed, would be offset, however, by new hires,which 51 per cent of those surveyed saidthey would be pursuing. As a result of thecomments by these companies, 43 per centbelieve they will maintain their currentemployment level, while 6 per cent foreseea decrease in staff size.

In mining, labour market growth isexpected in the next 10 years. RyanMontpellier, director of operations forthe Mining Industry Human Resources

Council (MiHR), reports that 10,000new employees will be needed in the in-dustry, both to meet the rising demandsin Canada and to replenish lost positions,either due to turnover or retirement.

Montpellier was quick to commentthat the areas needing to be filled willinclude a number of related sectors.“People will be needed in all types of oc-cupations: geoscientists, engineers,skilled trades people, mine supportworkers, labourers, etc.,” he says. M

Please

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possible.

It’s the trade show of the year,and you’re poised to meet, greetand network up a storm becausethe precise buyers for your prod-uct or services are here. Business

card? Check. Sales brochures? Check.Product samples, informational litera-ture, or other appropriate peripherals?Check.

But wait. Let’s go back to itemnumber one—both in the list aboveand the all-important first step in cre-ating a strong, lasting and favourableimpression. In other words, what youlooked like or said may not be re-membered when potential customersare back home but your business cardwill be in the pile he or she will siftthrough to separate the wheat fromthe chaff; the business that will actu-ally be followed up on.

What’s your card saying aboutyou? Here are some of the most com-mon mistakes you’ve no doubt seenand reacted to negatively. Tossing thecard into the wastebasket is in-evitable.• Paper too thin. Card is wimpy and

bends or crumples in your hand orbriefcase. And screams cheap.Might be an indicator of your otherbusiness practices and products; and

• Pre-printed perforated cards yourun through your computer printer.More cheap impressions, plus yourcard may look like dozens of othersbecause of the limited pre-printeddesigns available.

There’s much more.• Boring;• Bad choice of typeface and size;• Too much or too little information;• No focal point; and• Muddy graphics.

The list goes on.Your business card is often the

first—and perhaps only—impressionprospective clients may see. Will it en-courage them to find out more aboutyou and your business? Having a goodlogo design and a clean layout leavesthem with a favourable first impressionthat you’re a credible professional busi-nessperson.

Following are 13 easy ways for youto do what the professional designersdo; insider secrets about business cardsthat go right to your first impressionand bottom line.1. Create a focal point or central

place that draws a reader’s eye.2. Allow white space to help balance

the layout. Don’t fill up the cardwith text.

3. Use a clear, strong logo that looksgood when reduced in size on yourbusiness card.

4. Use a highlight colour sparingly.Make sure colour elements high-light the one main message youwant to convey.

5. Be sure the highlight colour youchoose is appropriate to your business.For example, using green on a lawncare business card would be far moreappropriate than say red or orange.

6. Limit your selection of type fontsto no more than two, which mayalso include their “families.” Forexample, a font family includesstyles such as bold, italic, or bolditalic versions.

7. Format text to be smaller, morecompact and more professionallooking.

8. Choose appropriate fonts for yourbusiness, avoiding trendy or overlyembellished versions.

HR SECTION

First Impressions Count!Lasting Impressions Sell!

Bet yourbusinesscard on it

By Karen Saunders

Summer 2007

HR SECTION


9. Avoid using all capital letters be-cause they are more difficult toread, and look unprofessional.

10. Use a grid to align text and objectsto each other.

11. Don’t use illustrations that are toodetailed or delicate, as they maylook muddy when printed at asmall size.

12. Stay away from amateur-lookingor dated clip art (unless you aregoing for the “retro” look). Findgood quality resources.

13. Select a beefy cover stock foryour paper. Sometimes 80#cover is not enough. You can geta free swatch book from yourprinter or paper representative.The swatch book will give youthe opportunity to examine and feelthe various sheets for finish, thick-ness, stiffness, opacity (translucence)and colour.

Impress your clients with yourcards as though your business de-pended on it! Cards are small in sizebut huge in importance to yourbusiness success. Start employingthese design tips to ensure your cardsare doing the biggest possible job foryou.

Karen Saunders is the owner of Mac-Graphics Services, a unique design firmfor today’s entrepreneur. Whether you out-source your promotional pieces or are ado-it-yourselfer, Karen takes the mysteryout of marketing. Learn the Top FiveMistakes that can cost you money by sign-ing up for her free e-course, available fora limited time. To take advantage of thise-course and find out how easy it can beto attract more clients, http://macgraph-ics.net/FreeStuff.php. You can also contacther at (888) 796-7300 or [email protected].

“What you looked likeor said may not beremembered when

potential customers areback home but your

business card will be inthe pile he’ll sift throughto separate the wheat

from the chaff; thebusiness she’ll want to

follow up on.”

M

Coming August 2007to a computer near you

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36 Summer 2007

THE YUKON TERRITORYLogan Resources commences at MayCreek, continues at Heidi

On June 26, 2007, Logan Re-sources Ltd. updated its progress attwo of its properties in the Yukon Ter-ritory.

First, the junior exploration compa-ny formally announced the start of itsdrilling at the May Creek project. Thezone, acquired in fall 2006, consists of84 mineral claims that is believed to beassociated with A Tombstone intru-sion. Previous work in the area includ-ed geochemical surveying and historictrenching. As a result of these earlystudies, which took place over the pastwinter, skarn-type deposits of Gold,silver, copper and zinc mineralizationwere found at the property which willnow be drilled for the first time.

Like May Creek, the 100 per cent-owned Heidi property looks to haveimpressive yields, where 54 claims havebeen found in a stretch of approxi-mately 1,000 hectares. Logan Re-sources has begun diamond drilling, afirst for this area as well.

Prior to Logan’s ownership, Heidiwas explored by Homestake Mining,who was subsequently taken over byBarrick. Homestake found a potentialfor significant gold mineralization inthe area following its geochemistry, ge-ology and trenching surveys, whichwere conducted from 1995 to 2000.

“In this highly competitive environ-ment where the demand for geologists,drills and geophysical services can hin-der progress, we are delighted that,with the help of our geological team,technical staff and service providers, wehave been able to execute an aggressiveexploration and drill program this sea-son,” said Logan Resources Presidentand Chief Executive Officer SeamusYoung.

www.loganresources.ca

Results of drilling by Mega Uraniumand Cash Minerals

Cash Minerals Ltd., on behalf of itspartnership with Mega Uranium Ltd.,

has reported the latest results ofdrilling at the Odie property in theYukon’s Wernecke Uranium District.

Thus far, two holes of an intendedsix have been drilled, with copperfound at both spots. Drilling initiallyfound visible samples of the metal,which were later confirmed after geo-chemical analysis. Data collected notesthat anomalous intersections werefound to contain copper and gold

Thus far, 2,700 metres have beendrilled at Odie.

www.cashminerals.com

Selwyn property deep drilling yieldsmultiple metals

Selwyn Resources Ltd. updated itsfindings from the Don Valley portionof its self-titled property in the Yukonon June 14, 2007.

The Don Valley deep drilling, theinitial work being done in the area, has

included 18 completed holes and an-other 4 which are in-progress.

Among the findings reported fromthe most recent drilling of two holesare significant lead and zinc deposits,with highs of 10.77 per cent zinc and3.18 per cent led at hole numberDON-058. DON-56 returned positiveresults as well. Two other holes thathave been previously explored hadstrong results as well, while assay re-sults are pending for six additional drillspots.

NUNAVUTMiramar in public hearing on waterlicense

August 2007 cannot come too soonfor Mirimar Mining Corp.

That’s when the company will findout the ruling of the Nunavut WaterBoard on a potential water license forits Hope Bay Doris North gold miningproject.

The decision by the board comes asa result of 10 modifications to thenorth gold project, which is based 140kilometres south of Cambridge Bay.

In conversation with the CBC, Mir-imar Environment Manager was happyto see progress in a long road for thecompany.

“The changes we’re putting in arenot large changes that would make theproject different from what they origi-nally assessed,” he said. “It’s a longdrawn-out process that industry has togo through. It’s the process that’s set infront of us, and we take it step by step.We’re just glad to be another stepdown the line, closer to the actualgreen light to allow us to construct andoperate.”

The decision by the NunavutWater Board is expected on August13, when the two sides will meet foran appointed hearing. This follows aJune 28 ruling by the board that theproposed changes would not needfurther review, opening the proceed-ings to a public hearing, a processthat is already two-and-a-half years inthe making.

News Watch:The North

“It’s a long drawn-out

process that industry

has to go through. It’s

the process that’s set

in front of us, and we

take it step by step.

We’re just glad to be

another step down

the line, closer to the

actual green light to

allow us to construct

and operate.”


News Watch:The North

Are you a miningindustry expert withknowledge to share?

If yes, we wantto publish it!

Contact our editor at

[email protected] to

learn more about writing for

Canadian Mining Magazine.

In the interim, the board will reviewMiramar-supplied environmental in-formation.

Along with approval from theboard, Miramar will also need, accord-ing to an article on cbc.ca, “a land leasefrom the Kitikmeot Inuit Association,a royalty agreement with NunavutTunngavik and an amendment fromEnvironment Canada to change a lakeinto a containment area for mine tail-ings,” before work can commence.

www.miramarmining.com

Maximus finds early success in firsthole at Hope Bay

One hole into their diamonddrilling program in the Chicago Zoneat Hope Bay, Maximus Ventures Ltd. isalready reporting mineralization find-ings.

The hole, the tenth in Maximus’swork in the area and first of three inthis project, returned 0.5 grams per

ton of gold across the 82 metresdrilled, with a high intersection of 9.8grams per ton in 1.5 metres. Assayingfor silver content has not yet been fi-nalized.

The 684-metre drilling follows test-ing in the region to determine the ex-tent and continuity of a mineralizationzone found in September 2006. Fran-cois Viens, president and CEO ofMaximus, was optimistic that the restof the summer drilling would be assuccessful as the initial work.

“Now that the drilling has resumedafter spring break-up, we will follow upwith drilling along strike to define thepotential direction and controls of thehigher grade mineralization,” Veinssaid in a statement issued on June 28,2007. “We hope that we are now vec-toring in on the stronger, wider miner-alization and that could lead us to asignificant mineralized system.”

www.maximusventures.com

NORTHWEST TERRITORYKodiak Exploration strikes nickel andcopper at Caribou Lake

Kodiak Exploration Limited an-nounced successful findings at its Cari-bou Lake property on June 4, 2007.

Drilling in the area’s layered in-trusion found strong amounts ofsulphide mineralization. Kodiak re-ported that the property, locatedclose to Yellowknife, contains bothmagmatic nickel and copper sul-phides.

Among the highlights of drillingactivity was 0.21 per cent nickeland 0.31 per cent copper in a 1.1metre stretch. Totals of more than.10 per cent copper were found ateach of the nine drill lengths, whilethe low nickel count was 0.6 percent.

Kodiak plans several more strikes attargets in the Caribou Lake area.

www.kodiakexp.com M

MagazineMININGCanadian

Blue Sky names Hernan Celorrio newdirector

Blue Sky Uranium Corp. an-nounced that it has appointed HernanCelorrio to its board of directors, amove that the company describes asbeing, “an important step forward inthe implementation of the Company’sobjective to acquire, explore and devel-op uranium assets in Argentina.”

Celorrio has many years experiencein mining. Previously, he has held posi-tions with a number of companies,most recently being the president ofBarrick Explorations Argentina. He hasalso spent 30 years specializing in oiland gas and business sectors as a seniorpartner of Brons & Salas Law, has beena professor of Administrative Law atthe Buenos Aires National Universityamong other duties.

www.blueskyuranium.com

Madison Minerals signs on forNevada project

Madison Minerals Inc. has agreedto a contract with Major Drilling Ltd.to perform the core drilling compo-nent of a project at the Lewis Propertyin Nevada.

The property, adjacent to thePhoenix Mine, is being explored byMadison in partnership with GreatAmerican Minerals as the PhoenixJoint Venture.

The initial stage of exploration atLewis is slated to be a detailed inducedpolarization geophysical survey. Previ-ous drilling by Lions Gate GeologicalConsulting Inc. is currently under in-dependent review.

Major Drilling, an internationalcompany, has offices across Canadaand the United States, as well as inSouth America, Africa, Asia and Aus-tralia.

www.madison-enterprises.com

No injuries during collapse in B.C. On June 25, 2007, Imperial Metals

Corp. reported that there were no in-juries resulting from a pit wall collapsewhich took place a couple days earlier.

The collapse occurred at the Huck-leberry Mine, a short distance fromHouston, British Columbia. As report-ed by the Canadian Press, a largeamount of rock fell in a pit located inthe site’s eastern zone. Imperial co-owns the area with a group of Japanesetrading organizations.

In a release, Imperial noted that,“other parts of the mine were not af-fected by this slope failure, and millingcontinues with stockpiled ore beingtreated, and that, “at this time, themine staff expects production to bemaintained from these stockpiles alongwith accelerated production from thenew main zone extension pit.”

The entire east zone was slated to becompleted in late July 2007, as it haddrawn near to the end of its reservelife.

New ground to break in B.C.For the first time in a decade, a new

metal mine is slated to open in BritishColumbia.

NovaGold Resources Inc. an-nounced on June 5, 2007, that it hadbeen given clearance by both the

provincial and federal governments tocommence construction at a copperand gold deposit along Galore Creek,located in the northwest section of theprovince. Construction of the mine isbeing done in partnership with TeckCominco Limited.

The final approval came from theCanadian government on June 4. Priorto the sign-off, NovaGold had per-formed mobilization and pre-construc-tion in the region. The first of twophases of construction will take an esti-mated 24 months, according to a June5 release, while mine processing is slat-ed to commence in 2012.

Work on the site also includes anagreement with the local TahitanFirst Nation tribe, with provisions,as stated in the release, that, “[sup-port] the Tahltan Nation’s principlesof environmental stewardship, eco-nomic sustainability and self-deter-mination and ensures collaborationthroughout the Environmental As-sessment review and the permittingprocess.”

www.novagold.com

Rolling Rock announces new boardmember

On March 5, 2007, Vancouver-based Rolling Rock Resources Corpo-ration announced that Ronald W.Stewart, senior vice president of explo-ration for the Kinross Gold Corpora-tion has been appointed to its board ofdirectors.

Stewart joined Kinross in 2002 andhas served in his current position sinceMarch 2006. He has worked in miningand international exploration for 24years, having previously worked withPlacer Dome Inc, which had territoriesin Canada, Australia, Paupa NewGuinea and Indonesia.

Stewart holds a Bachelor of ScienceDegree with Honours in Geology andis a member of the Association of Pro-fessional Geoscientists in Ontario.

Stewart’s position on the board isnewly created.

www.rollingrock.com

38 Summer 2007

News Watch:British Columbia

“At this time, the mine

staff expects

production to be

maintained from these

stockpiles along with

accelerated production

from the new main

zone extension pit.”

M


News Watch:Alberta

Petro-Canada tries to keep oil sandscost level

Costs for Petro-Canada’s first oilsands project is coming with a heftyprice tag.

Reuters UK reported on June 28,2007 that the company’s investmentin its first phase of a venture into theFort Hills oil sands project is $14.1billion CDN. The high cost is at-tributed to labour supply and surg-ing materials costs.

To offset the cost, Reuters reportsthat Petro-Canada is planning tostagger the start-up of the various el-ements of the project.

The initial phase of the Fort Hillsproject, for which Petro-Canada haspartnered with Teck Cominco Ltd. (15per cent) and the UTS Energy Corp(30 per cent), is expected to garner140,000 barrels per day of refinery-ready oil by the second quarter of2012. By the completion of the secondphase, which is slated to raise output to280,000 barrels per day, costs are esti-mated to rise to $26 billion-plus. Costsdo not include the $1.1 billion paid forengineering work.

Provincial economy in slow-downmode

Though Alberta has a surplus of$8.5 billion, the economic forecastfor the province is not completelysunny skies.

On June 21, 2007, the CanadianPress reported that the energy boomwhich Alberta has experienced overthe last number of years may bedrawing to an end. The news fol-lowed the release of the year-end fis-cal report from Finance Minister LyleOberg, which noted a $2.1 billion

decrease in energy revenues from$14.3 billion to $12.1 billion.

“When you take a look rightacross the board, you see the price ofoil and gas decreasing,” Oberg toldreporters after issuing his report. “Idon’t think there’s an economist outthere who is predicting that the priceof oil and gas is going to go up.”

Olberg was also quick to com-ment that there’s no need to panic,but signs of an economic slow-downare visible.

“I certainly would not push thealarm button yet, but we’re certainlyseeing the rig counts are comingdown,” he said.

In contrast to Olberg’s commentscame analysis from Frank Atkins, aneconomist and professor at the Uni-versity of Calgary. Atkins remarkedthat the current report is more in-dicative of where revenue levelsshould be, rather than the anomalythat occurred in the previous 12months.

“Things are slower in 2007, thereis no question, but slower meaningcloser to a more reasonable growthrate,” Atkins told the CP.

Red Dragon/UraMin complete winterdrill program

Red Dragon Resources Corp., to-gether with project partner UraMinInc., has completed its winter drill pro-gram at the co-owned Rea uraniumproperty in northern Alberta.

The program, which included eightholes, tested six of the airborne electro-magnetic anomalies, which are amongthe hundreds that have been found inthe region. The subject anomalies ex-tend across 25 kilometres and, as notedby UraMin, “test several conductorsalong and parallel to the north-north-west-trending Maybelle River linearthat is known to host economic con-centrations of uranium mineralization.”

UraMin further details that al-though the eight holes encounteredeconomic concentrations of uraniummineralization, several intersected sig-nificant alteration, and one intersectedanomalous concentrations of uraniumin sedimentary rock.

As a result of their findings, RedDragon and UraMin will be conduct-ing a second round of geological sur-veys and diamond drilling in 2007.

www.reddragonresources.com

“Things are slower in 2007, there is no question,but slower meaning closer to a more

reasonable growth rate.”

M

Athabasca region undergoesgeochemical survey

Hathor Exploration Limited hasannounced a new major lake sedi-ment geochemical survey across sixof its uranium projects in the east-ern Athabasca region.

The survey is slated to include1,500 lake sediment samples ,which will be collected at the com-pany’s Vedette Lake, Haulta inRiver, Russe l l South, Mil l ikenCreek, Midwest Northeast andHatchet Lake projects. In total, thesix zones spread across more than109,000 hectares of the same geol-ogy as 25 per cent of the world’suranium production in 2006.

The survey wil l be conductedwith the use of a float-equippedBell 206 helicoptor. Sample analy-sis will be performed by the Geo-analyt ica l Laboratories of theSaskatchewan Research Council.

www.hathor.ca

Goldnev announces oil shalepermit development

Goldnev Resources Inc. hasagreed with a private Alberta com-pany to invest in a farm-in, $5 mil-lion agreement to explore and de-velop two oi l shale permitstotalling 155,443 gross acres in thePasiqua Hills area.

Located in the Carrot River(east central Saskatchewan), thePasiqua Hills oil shale permits is be-lieved to contain a resource equivalentto seven billon oil barrels, according

to a rigzone.com article. Amongthe companies already working inthe reg ion i s Oi l sands Quest ,whose oil shale project has foundproven reserves of 2.4 billion bar-rels.

“We are very excited about ourcommitment to the Pasquia Hillsbasin and the prospective oil re-sources that this acquisition of oilshale permits could possibly bringto the Corporation and its share-holders,” said Marc Dame, presi-dent and CEO of Goldnev. “Oilshale is now being viewed by bothindustry and government as one ofthe emerging vital contributors tothe future energy supply mix andsel f suff ic iency for the NorthAmerica market.”

Provis ions under the farm-inagreement include a maximum of50 per cent working interest inthe Pasiqua Hills permits by Gold-nev.

Pacific North West completesnew acquisition

On June 28, 2007, Pacific NorthWest Capital Corp. announced thatit had finished the second phase ofits acquisition plan, with the addi-tion of five square kilometres to itsNickel Plats project, located northof LaRonge.

Deemed strike extentions to thenickel-copper mineral izat ion onthe project’s grounds, this additionis part of a continued expansionthat is expected to carry through

2007, believed to be the largest innickel exploration since the 1990s.

“We are in the early stages of ac-quiring and generating new nickelprojects with the objective, simplystated, to control one of the largestnickel exploration portfolios inNorth America,” said Pacific NorthWest President and CEO Harry Barr.

Pacific North West is continu-ing to f inal ize other expansionsboth in Saskatchewan and acrossCanada.

www.pfncapital.com

Foran Mining offers private sharesSaskatoon-based Foran Mining

Corporation announced on Monday,June 25 that it would be offering amaximum of 3,333,334 commonshares and up to 8,695,653 flow-through units in a new private place-ment.

Each common share was listed at$0.15, while the flow-throughs,which were announced to include aone-half share purchase warrant, hada price of $0.23. Aggregate grossproceeds from the sale could reach$2.5 million. Also offered werewhole warrants, carrying a $0.25price and a December 11, 2007 ex-piration date.

The company further announcedthat the sale was expected to close onJuly 30, 2007.

As part of the offering, Foran em-ployed Falcon Creek Consulting Ltd.as its agent. As per the agreement,Falcon Creek will receive a seven percent commission on the aggregategross proceeds and the ability to pur-chase common shares at $0.20 perstock, with a cap of 3 per cent ofavailable common shares.

As announced by Foran, proceedsfrom the private offering will beused, “for general working capitalpurposes and the gross proceedsfrom the sale of the flow-throughshares will be used for qualifiedCanadian Exploration Expenditureson the McIlvenna Bay property.”

www.forangold.com

40 Summer 2007

News Watch:Saskatchewan

M


News Watch:Manitoba

Potash exploration set for ManitobaThe Manitoba provincial govern-

ment announced on Fenruary 22,2007 that BHP Billiton will begin ex-ploration in potash-rich Russell-Bin-scarth region.

The deposit is owned by the Mani-toba Potash Corporation, a joint ven-ture involving the province (49 percent ownership). BHP Billiton, whowill invest $15 million in the explo-ration, purchased the remaining 51 percent ownership from the PotamineCorporation of Canada.

“Manitoba’s untapped potash de-posits have the potential to generatehundreds of jobs and attract millionsof dollars in direct investment,” Ron-deau said in a release. “BHP Billiton isthe largest diversified resources compa-ny in the world with the capability toproperly assess the Russell-Binscarthdeposit at no additional cost to Mani-tobans.”

A 1987 study noted that a potashmine could potentially generate 360jobs in mining, processing and admin-istration, as well as indirect employ-ment.

www.bhpbilliton.com

San Gold reports positive from RiceLake

On June 22, 2007, San Gold Corpora-tion reported positive results from its holedrilling project at its Rice Lake property.

Among the results was 50.1 grams pertonne of gold at hole number 473-06-26. The measurements emanated from a6.8 metre length. As noted in a releasefrom San Gold, “this significant intersec-tion represents a down-dip extension ofthe high-grade 96 vein drill which isbeing developed at the 5,400-foot leveland yielded an average of 1.81 ouncesper ton gold (62.0 g/t) over an averagewidth of 5.5 feet (1.7 m) in the first de-velopment crosscut.”

www.sangoldcorp.com

Rolling Rock completes downwarddrilling in Monument Bay

Rolling Rock Resources Corporationannounced the results of its 28 hole, winter

diamond drilling program at its 100 percent-owned property in Monument Bay onMay 9, 2007.

Among the results were a numberof impressive yields, including drillhole TL-07-365, a down-plunge ex-tention in the G zone, which, asnoted in a release from the company,encountered, “a 30 metre wide high-ly mineralized and brecciated struc-ture,” at a depth of 480 metres. Re-turns included 6.3 grams per tonover 4.0 metres, including 11.0grams per ton over 1 metre. Thehole is located 175 meters east ofTL-07-344 and was a follow-up tothe success of the original drilling,which yielded 6.68 grams per tonover 15 meters.

Overall, 8 holes yielded more than10 grams per ton.

Inferred resources, based on previ-ous results from diamond drilling inthe area by Noranda Inc., Bema GoldCorp., and Wolfden Resources Corp.,were reported to be 6.45 grams per tonof gold, with a total of 701,234 ouncesextracted from 3,379,000 tons.

www.rollingrock.com

HudBay introduces new VP of miningHudBay Minerals Inc. has an-

nounced that Brad Lantz has been ap-pointed the new vice president of min-ing for the company.

Lantz, a graduate of the Universityof Waterloo with an honours degreein Earth Sciences, has been withHudBay since 1984, serving in vari-ous capacities, including in opera-tional and managerial positions at thecompany’s Ruttan, Trout Lake andCallinan Mines. Most recently, Lantzhad been the manager of the new 777Mine.

“We are pleased to have Brad joinour senior team. I am confident thathis experience and vision will con-tribute to HudBay’s ongoing successfulgrowth,” said Peter Jones, president ofHudBay.

Lantz replaces former MiningDivision President Russell Rood,who is retiring during the summerof 2007. As of June 8, 2007, Nodate has been specified for eitherRood’s departure or Lantz’s re-posi-tioning.

www.hudbayminerals.com M

Manitobans pan for gold during Provincial Mining Week 2007, which took place May 20 to 26. (Source: Albert Brydges)

Tax changes for diamond miningA controversial tax regulation in

Ontario will be amended, accord-ing to a July 5, 2007 article fromReuters.

The article reported that theprovincial government would beamending the diamond mining tax,which has been highly criticized asbeing detrimental to exploration.

The tax was first announced aspart of the new provincial budget,which was handed down in March2007. Under terms from the Ontariogovernment, production would betaxed up to a maximum of 13 percent, depending on the output valuefrom a given mine. This was a sharpincrease from previous levels, whichhad been at 10 per cent for non-re-mote mines and 5 per cent for re-mote locations.

Under the changes to the tax law,deductions to the tax would be madefor expenses such as new mine con-struction. As a result, the new taxrate would be 10.4 per cent.

Ontario Provincial Minister ofNorthern Development and MinesRick Bartolucci told Reuters that thetax reduction clauses would helpraise the province’s profile in the in-dustry. “The additional deductionsprovided in the diamond royalty willencourage the long-term sustainabili-ty and global competitiveness of dia-mond production in Ontario,” hesaid.

The changes to the tax law comeafter criticism from around the min-ing community, particularly by De-Beers Canada Inc. and mayors innorthern Ontario towns.

Mining causes growth in TimminsThe town of Timmins, Ontario is

undergoing steady growth, somethingthat Mayor Tom Laughren attributesto the mining industry.

In a recent edition of the monthlypublication Nothern Ontario Business(N.O.B.), Laughren commented that,“It’s a very exciting time for Tim-mins… we have all sorts of mining

companies like Liberty Mines and DeBeers Canada that are providing uswith major economic mobility.”

Laughren told N.O.B. that thecurrent unemployment rate in thetown has dropped from a steady 8per cent over the last number ofyears to 5.8 per cent and added thatmining firms have employed almostall of the skilled workers living inthe town. Timmins is now exploringimmigration opportunities to buildthe potential work force for compa-nies in the area. Efforts here have in-cluded information sessions held inthe Greater Toronto Area.

As a result of the increased activity,major national chains such as HomeDepot, Mark’s Work Warehouse andShopper’s Drug Mart are openingstores in the town, while plans are in

place for sewer and water improve-ments over the next 10 years.

“It’s a good time to be in Timmins,”remarked Timmins Economic Devel-opment Corporation Dave McGirr.“There’s an awful lot going on, and wehave a bright future ahead of us.”

Canadian Arrow issues results forKenbridge

Canadian Arrow Mines, Ltd. an-nounced its findings at its wholly-owned Kenbridge Nickel Deposit (lo-cated near Kenora) on July 5,following assaying of samples drilled.

A total of 18 holes were drilledacross 5 sections, each with a spacingof 30 metres. Results included signifi-cant nickel and copper discoveries, in-cluding one measurement of 3.30 percent nickel and 0.50 per cent copper ina 6.7 metre length.

The program is only the beginningof major work being done in the areaby Canadian Arrow. Further drilling isslated for the remainder of 2007.

“The 18 holes tabled in this releaserepresent the initial results of a robustdrill program that will continue at Ken-bridge through the summer and fall,”Kim Tyler, president of Canadian Arrow,remarked. “A second drill has been mobi-lized to the site and will commence theevaluation and upgrading of the under-ground portion of the resource estimate.”

www.canadianarrowmines.com

Settlement for Cameco sub-company, union

Zircatec Precision Industries’ union-ized employees have a new contract.

On July 5, 2007, Zircatec’s parentcompany, the Cameco Corporation,announced that it had reached a settle-ment with the group of 120 individu-als, who were represented by UnitedSteelworkers Local 14193, following avote in favour of a four per cent wageincrease in each of the next two years.

The new contract replaces the pre-vious three-year agreement which ex-pired on June 1, 2007. Negotiationsfor the new agreement began prior toits predecessor’s expiration.

42 Summer 2007

News Watch:Ontario

“It’s a very

exciting time for

Timmins… we

have all sorts of

mining companies

like Liberty Mines

and De Beers

Canada that are

providing us with

major economic

mobility.”


News Watch:Ontario

“We are pleased with the successfulconclusion of our first contract nego-tiations with the newest members ofthe Cameco family,” said Zircatec’sPresident and CEO Jerry Grandey.“This agreement provides a stablefoundation for Zircatec’s continuedprogress.”

Zircatec has facilities based in PortHope and Coburg.

www.cameco.com

Ontex begins drilling at BrookbankOntex Resources Limited an-

nounced the start of a new diamonddrilling program on July 5, 2007 atthe Brookbank Gold Deposit innorthern Ontario. The commence-ment date was tentatively set forJuly 10.

As noted by Ontex, the program,“will focus on an area above the mainBrookbank Deposit in preparation for

a bulk sample that would be taken viadecline into the main zone.”

The new drill program, along withwork done earlier this year in a close-by zone, precede planned explorationon the gold deposit itself.

Thus far, Ontex is the 100 per centowner of the Brookbank Gold Deposit,though the company remarked that,“over the last 5 months, [we have] re-ceived proposals for joint exploration

44 Summer 2007

and development of the deposit and isalso awaiting further proposals.”

www.ontexresources.com

Black Fox successful for Apollo GoldThe Apollo Gold Corporation has

announced estimates of 1,002,000ounces of gold at its 100 per centowned Black Fox Project near Tim-mins.

The estimates, released on July 2,2007, stem from a report by Den-ver-based SRK Consulting and in-clude 625,000 ounces in open pitsand 377,000 ounces in Undergroudareas. As well, total indicated re-serves were reported at 14.6 grams

per ton, while inferred reserves are17 grams per ton.

Apollo Gold President R. DavidRussell commented that furtheranalysis would continue in the re-gion. “Our next objective is to com-plete a bankable feasibility studywhich will be carried out by SRKConsulting and should be complet-ed in the first quarter 2008,” hesaid. “In the meantime, we plan toconduct an infill drilling programunderground intended to enhancethe amount of inferred mineraliza-tion material which may be able tobe converted to drill indicated mate-rial and then included as additional

reserves within the final bankablefeasibility study.”

www.apollogold.com

Bayfield starts program in RainyRiver

Bayfield Ventures Corp. has begunwork on a new diamond drilling pro-gram near Rainy River in northwesternOntario.

The Vancouver-based company an-nounced on June 28, 2007 that the newproject would begin in July 2007. Theprogram’s commencement was delayeddue to the late arrival of a drill rig.

The new project will take placeacross approximately 1,000 hectares inthree blocks (A, B and C), all of whichare adjoining to the Rainy River Re-sources area, situated 50 kilometreswest of Fort Francis along the RainyRiver Greenstone Belt. Initial plans forPhase I of the project include 10 to 12drill holes.

www.bayfieldventures.com

Champion Bear strikes gold in PlompFarm

Calgary-based Champion BearResources Ltd. announced the re-sults of its first deep wedge holegold drilling program at its PlompFarm property near Dryden.

In its first hole, Champion Bearwas already encountering visiblegold, which was assayed and con-firmed at 71.6 grams per ton, alongwith 6 grams per ton of silver and141 ppm of copper, within a lengthof 0.4 metres. Other minerals re-ported include zinc, lead andbarite.

The company stated that it is,“encouraged by this intersection,which confirms that zones of high-er-grade gold are present withinthis large mineralized system.”

Following the early discovery,two subsequent wedge holes weredrilled, both of which encounteredanomalous gold, silver, copper, zincand barite. Anomalous gold wasalso found in surfaces trenches.

www.championbear.com

News Watch:Ontario

M


News Watch:Quebec

Montreal 2007 a successThe reports are in from the Cana-

dian Institute of Mining, Metallurgyand Petroleum’s 2007 conferenceand by all accounts, the show was acomplete success.

From technical sessions to thetradeshow, Montreal 2007, whichtook place from April 29 to May 2,2007, had a little bit of everythingfor participants from both compa-nies and the public at large.

One of the most successful sub-programs that was part of Montreal2007 was Mining in Society, a seriesof events that included The AmazingMine Challenge, gem polishing andthe always-important career fair,which included both businesses anduniversities encouraging the publicto explore mining for job opportuni-ties.

In its post-conference highlightspackage, the CIM remarked on thebuzz that was created by Mining inSociety. “The press talked about it,the visitors talked about it, thesponsors talked about it, the ex-hibitors talked about it, and we lis-tened,” CIM stated. “Mining in So-ciety will be back in 2008 and willshowcase more contributions themining industry makes in our day-to-day life and its exciting career op-portunities.”

Other highlights included varioussocial activities and the annualawards gala.

The 2008 CIM conference will takeplace in Edmonton, May 4 to 7.

Alcan purchase close to finalOver the summer of 2007, Canadi-

ans saw the biggest deal in the coun-try’s history unfold, as several compa-nies put in offers to purchaseMontreal-headquartered Alcan Inc..

According to the Globe and Mail’sReport on Business, Alcoa Inc., Com-panhia Vale do Rio Doce and BHPBilliton Ltd. all had bids placed onAlcan, along with the apparent salewinner Rio Tinto PLC. When RioTinto put in a high bid of $101 per

common share to purchase all out-standing shares in the company, othercontenders quickly bowed out.

In a statement on the company’swebsite that appeared during the weekof July 9, 2007, Alcan commented thatthe combined two companies wouldnow be named Rio Tinto Alcan. Plansfor the new organization would in-clude, “an expanded presence in Mon-treal.”

As of July 13, Alcan had permittedRio Tinto, based in Australia, to putforth their outstanding common sharepurchase offer.

Canadian Mining Magazine willhave more on the deal in our Winter

2007-008 issue, in our Transaction Re-port.

www.alcan.ca

Fieldex enters into privateplacement agreement withPowerOne

Fieldex Corporation Inc. has an-nounced that it has signed Toronto-based PowerOne Capital Markets Lim-ited to be its exclusive agent for abest-efforts private placement. Theterms of the deal include a maximumof five million units of Fieldex at avalue of $0.65 per unit, which includesboth a common share and a commonshare purchase warrant, the latter ofwhich entitles its holder to acquire anadditional common share at $0.80 upto two years after the private placementcloses, which was expected to occuron-or-around July 12, 2007.

Also termed in the deal was a fee re-ceived by PowerOne of 10 per cent ofthe gross proceeds raised under the of-fering, as well as a non-transferablecompensation warrant, allowing thecompany to purchase up to 8 per centof Fieldex’s common shares.

The private placement, as of June27, was still subject to regulatory ap-proval by the TSX Venture Exchange.

Explor commences activities atNelligan

Explor Resources Inc. announcedthat it has begun Phase I of its two-part exploration at the Nelligan Explo-ration Property in the Val D’Or min-ing area.

The Nelligan Property consists of21 mineral claims, stretched over ap-proximately 863 hectares in the Nelli-gan Township, which is located along ageenstone belt. The area’s explorationwill focus on nickel-cobalt, continuingwork done by the Canadian NickelCompany. Prior discoveries includedgrab samples containing 10 per centnickel and 0.6 per cent cobalt.

Phase II will include a diamonddrilling component in identified targetareas.

www.explorresources.com M

“The press

talked about it,

the visitors

talked about it,

the sponsors

talked about it,

the exhibitors

talked about it

and we

listened.”

46 Summer 2007

News Watch:Atlantic CanadaNEW BRUNSWICKEl Nino, Xstrata announce drillingstart in Bathrust

On June 25, 2007, El Nino Ven-tures Inc., in conjunction with its part-ner Xstrata Zinc, released details of thenew exploration program at theBathurst Mining Camp in the smallNew Brunswick town.

The announcement came on thesame day as the start of the new $5million project, which will see up tofive rigs used through March 2008 fordiamond drilling. The program is slat-ed to run over 25,000 metres.

Jean Luc Roy, president of El Nino,commented that he has high hopes forthe project, and is thankful for the sup-port his company has received. “We arelooking forward to the 2007/2008campaign, and are very optimistic withthe targets we identified,” he said. “ElNino is very fortunate to have the sup-port of the New Brunswick Govern-ment, and to be working with an in-dustry leader in Xstrata Zinc.”

NOVA SCOTIARessources gains territory inMaritime province

Two properties in Nova Scotia, totalling56 claims, are now the property of Quebec-based Ressources Appalaches.

The acquisition of the two gold zoneswas announced on June 27, 2007. Both arenow 100 per cent-owned by Ressources,after having previously been held under apartnership by Meguma Resource Enter-prise Ltd. and Elk Exploration Ltd. Underterms of the sale, Ressources paid out$110,000 in work and $118,000 in cash tobe paid over a three-year period, plus50,000 shares. As well, Meguma and ElkExploration will receive a two per cent roy-alty from the product of each property,though Ressources has the right to buyback $2.05 million.

Historically, the properties have beenstrong mining areas. According to recordsfrom the Nova Scotia Mines Ministry,1,300 troy ounces of gold were extractedfrom the region between 1893 and 1935,with an average grade of 14 grams per ton.

Plans indicated that a 100 metre-long, 70metre-deep drift was mined through a vein,which still has a number of viewable shafts.The property was re-opened in the 1970s,with the most recent activity taking place in2005 by Meguma.

NEWFOUNDLAND AND LABRADORGolder to perform scope at Grey River

Golder Associates Ltd. has beenbrought on by Playfair Mining to finish ascoping study at the company’s fully-ownedproperty in Grey River.

Grey River, a tungsten deposit, is beingexamined for the potential of further devel-opment. The study is slated to run for 90days.

Playfair President Neil Briggs hopes touse Grey River as a way to become a top-rank supplier for the mineral. “Our goal atPlayfair is to become the next tungsten pro-ducer outside of China and we are aggres-sively pursuing this vision as evidenced bytoday’s announcement,” he said.

Playfair also owns three other tungstendeposits in Canada. M


News Watch:The National Scene

U.S. demand for Canadian oil toincrease

According to a report from theCanadian Association of PetroleumProducers (CAPP), interest in west-ern Canadian oil from our neigh-bours to the south looks to increaseover the next few years.

In its annual outlook, the CAPPreports that crude oil demand fromUnited States-based refineries is fore-casted to double by 2015. The pro-jection emanates from a survey oftraditional market refineries, whichfound that the number of barrels perday would increase from 1.6 billionin 2006 to 3.1 billion in 2015.

The added refinery demand, asnoted by CAPP Vice-President ofMarkets and Fiscal Policy GregStringham, would result in a need fora larger pipeline capacity, particularlyin Alberta’s oil sands.

S&P/TSX adds new indexThe Toronto Stock Exchange’s port-

folio of mining companies looks to ex-pand in the coming months, thanks tothe addition of a new index.

The new S&P/TSX Global Min-ing Index, which was launched onTuesday, June 12, 2007, providing, asnoted in an article that appeared onWednesday, June 13 on mineweb.net,“basis for index-linked investmentvehicles,” including the new Clay-more S&P/TSX Global Mining ETF.

Similar to the Global MiningIndex, the Claymore ETF, which alsolaunched on June 13, will monitorinternational companies with a widerrange of focuses, such as consumablefuels, diversified metals and miningand precious metals and minerals.

The TSX is currently home to 60per cent of public mining companiesfrom around the globe. The overallvalue of these companies, as of June13, 2007, was $332 billion CDN.

CIBC drops forecasts on goldThe Canadian Imperial Bank of

Canada (CIBC) lowered its goldprice forecast in June 2007, from$725 to $675 per ounce.

The forecast, created by metal an-alysts Barry Cooper, Cosmos Chiuand Brad Humphrey, commentedthat the decrease comes, “with expec-tations that the bull market for bul-lion will continue but in a muchmore subdued pace,” as noted in amineweb.com article.

Along with the lowering of 2007forecasts came lower expectations for2008, which fell from $850 to $725

per ounce, and a current 2009 fore-cast of $775 per ounce.

In their report, Cooper, Chiuand Humphrey cited 12 reasonsfor the decline, including lethargicpricing, declining requirements forCanadian content with Canadianportfolios, an upswing in centralbank sa les , few new discover iesand base metal acquisitions experi-encing higher cash pr ices overgold.

The analys t s , however, com-mented that these concerns, “willbe dashed with a gold price movethat takes out the prior high fromlast year of about $740/oz. We be-lieve this could occur in the latterpart of 2007 or 2008 and thereforedo not believe it is time to throwin the towel on equities just yet.”

Blood diamonds a concern inCanada

The battle to keep blood dia-monds off of Canadian soil con-tinued in June 2007, as the Natur-al Resources Department workedto secure funding.

As reported on cbc.ca on June 5,an audit obtained by the CanadianPress claimed that $884,000 wouldbe needed annually to ensure thatthe import ing and export ing ofblood diamonds would not occur.The audit also detailed that with-out this needed funding, the com-mitment to halting these transac-tions would be unsustainable.

Partnership Africa Canada Re-search Co-ordinator Ian Smillie,however, to ld the CBC that hedoes not foresee there be ing aproblem with security in the dia-mond sector as a result of fundingissue.

“Of course, it’s always in jeopardyof becoming ineffectual; that’s why westuck with it and [we] are watchingit,” Smillie told the CBC. “There’s al-ways the danger that it will turn intoa bureaucratic exercise. In fact, I thinkgovernment is doing the right thing,and it’s important that they be en-couraged.” M

“In its annualoutlook, the

CAPPreports thatcrude oildemand

from UnitedStates-basedrefineries is

forecasted todouble by2015.”

AugustEEvveenntt:: First International Circumpolar Conference

on Geospatial Sciences and ApplicationsDDaatteess:: August 20-24, 2007LLooccaattiioonn:: The Explorer Hotel, Yellowknife, Northwest

TerritoriesOOnn tthhee wweebb:: http://ess.nrcan.gc.ca/ipygeonorth/index_e.php

EEvveenntt:: 12th IFAC Symposium on Automation inMining, Mineral and Metal Processing

DDaatteess:: August 21-23, 2007LLooccaattiioonn:: Quebec City, QuebecOOnn tthhee wweebb:: www.gch.ulaval.ca/ifacmmm07/

EEvveenntt:: 46th Annual Conference of Metallurgists;International Copper/Cobre Conference

DDaatteess:: August 25-27, 2007LLooccaattiioonn:: Fairmont Royal York Hotel, Toronto,

OntarioOOnn tthhee wweebb:: www.metsoc.org/com2007/

SeptemberEEvveenntt:: Northern Ontario and Quebec Mining

ExpoDDaatteess:: September 21-22, 2007LLooccaattiioonn:: McIntyre Arena/Complex, Timmins,

OntarioOOnn tthhee wweebb:: www.theminingshow.com

EEvveenntt:: 2007 Energy and Mines Ministers’ Conference

DDaatteess:: September 23-26, 2007LLooccaattiioonn:: Whistler, British ColumbiaOOnn tthhee wweebb:: www.emmc2007.ca

OctoberEEvveenntt:: 27th International Mining Congress and

ExhibitDDaatteess:: October 10-13, 2007LLooccaattiioonn:: Veracruz, MexicoOOnn tthhee wweebb:: www.expominmexico.com.mx

EEvveenntt:: Toronto Resource Investment ConferenceDDaatteess:: October 21-22, 2007LLooccaattiioonn:: Metro Toronto Convention Centre,

Toronto, OntarioOOnn tthhee wweebb:: www.cambridgeconferences.com/ch_tor2007.html

EEvveenntt:: World Gold 2007DDaatteess:: October 22-24, 2007LLooccaattiioonn:: Cairns International Hotel, Cairns,

AustraliaOOnn tthhee wweebb:: www.ausimm.com/main/gold2007

NovemberEEvveenntt:: Newfoundland Mineral Resources Review

2007DDaatteess:: November 1-3, 2007LLooccaattiioonn:: Delta St. John’s Hotel and Conference

Centre, St. John’s, Newfoundland andLabrador

OOnn tthhee wweebb:: www.nr.gov.nl.ca/nr

EEvveenntt:: 15th Annual Canadian Aboriginal Minerals Association Conference

DDaatteess:: November 4-7, 2007LLooccaattiioonn:: Vancouver, British ColumbiaOOnn tthhee wweebb:: www.aboriginalmetals.com

EEvveenntt:: Exploration & Mining New Brunswick 2007

DDaatteess:: November 4-7, 2007LLooccaattiioonn:: Delta Hotel Fredricton, Fredricton, New

BrunswickOOnn tthhee wweebb:: www.nr.gov.nl.ca/nr

EEvveenntt:: Manitoba Mining and Minerals Convention

DDaatteess:: November 15-17, 2007LLooccaattiioonn:: Winnipeg Convention Centre, Winnipeg,

ManitobaOOnn tthhee wweebb:: www.gov.mb.ca/iedm/mrd/minerals/

convention/index.html

EEvveenntt:: Quebec Exploration 2007DDaatteess:: November 26-29, 2007LLooccaattiioonn:: Chateau Frontenac, Quebec City, QuebecOOnn tthhee wweebb:: www.quebecexploration.qc.ca

DecemberEEvveenntt:: 2007 Ontario Exploration & Geoscience

SymposiumDDaatteess:: December 11-12, 2007LLooccaattiioonn:: Sudbury, OntarioOOnn tthhee wweebb:: www.ontarioprospectors.com

Calendar of Events

48 Summer 2007

CORPORATE PROFILE

CORPORATE PROFILE

CORPORATE PROFILE

CORPORATE PROFILE

CORPORATE PROFILE

CORPORATE PROFILE

CORPORATE PROFILE

CORPORATE PROFILE

ACCOMODATIONSBest Western Dryden ..........................44Super 8 Timmins ................................43

AIR LIGHTS, PORTABLE LIGHTINGPRODUCTS & SUPPLIESSafety Lamp of Houston Inc. ................20

ASSAYERSAssayNet Canada Inc...........................44

ASSAYERS & LABORATORYSwastika Laboratories..........................45

CAREERSCallinan Mines Ltd...............................32

COMMUNICATIONSDanmax Communication Ltd. ..............37

DIAMOND DRILLING & SURVEYReflex Instrument ................................44

DRILLING CONTRACTORSRodren Drilling Ltd...............................15Barkor Drilling Inc. ..............................23

EGINEERING FIRMSHatch Ltd. ............................................3Wardrop Engineering ..........................12

ENVIRONMENTALLY FRIENDLYRELEASE AGENTSRCAI ....................................................4

FINANCIAL COMPLIANCE PRODUCTSThomson Carswell ........................INSERT

GENERAL CONTRACTORS—PRE-ENGINEERED STEEL BUILDINGSCrane Steel Structures ........................23

GEO SCIENCE SURVEYSHayles GeoScience Surveys Ltd. ..........11

GEOPHYSICAL INSTRUMENTATIONGem Systems......................................26

GROUND FAULT MONITORS, MOTORPROTECTION, NGR MONITORSStartco Engineering Ltd. ......................25

GROUTING AND ANCHORING SYSTEMSAmbex Concrete Technologies Inc. ................................46

HUMAN RESOURCES COUNCILMining Industry Human Resources Council (MiHR) ....................................33

INTERNET MINING INFORMATIONInfoMine.com ......................................14

LABORATORY SERVICESTSL Laboratories Inc. ..........................40

LUBRICANTSJet Lube of Canada Ltd. ......................19

MANUFACTURER—WEAR PARTSBoundary Equipment ..........................39

MINERAL EXPLORATION COMPANIESCanAlaska Uranium Ltd. ......................49Carlisle GoldFields Limited ..................50Cream Minerals Limited ......................51Golden Band Resources Inc. ................53Halo Resources ..................................54Premier Gold Mines Limited ................55Rolling Rock Resources Corporation ........................................56

MINERAL EXPLORATION OPPORTUNITIESManitoba Science Technology Energy & Mines ..................................10

MINING CENTRES OF EXCELLENCE—RESEARCH, DEVELOPMENT & HUMANRESOURCESCEMI - Centre for Excellence in Minning Innovation ..............................31

MINING COMPANIES: NICKELCrowflight Minerals Inc. ......................52Victory Nickel Inc.................................57

MINING COMPANYHudbay Minerals Inc. ..........................IFC

MINING EQUIPMENTAtlas Copco......................................OBC

MINING EQUIPMENT TOOLSMining Technologies International Inc. ................................19

MULTI FUNCTION BUILDING SYSTEMSMurox - Canam Group ..........................6

OFF ROAD VEHICLESTOMCAR Canada ................................20

OUTFITTING AND OUTDOOR EQUIPMENTDeakin Equipment ................................7

PORT AUTHORITYThunder Bay Port Authority ..................43

PRODUCING MINING COMPANIESSan Gold Corporation ........................IBC

RAIL, CRANE RAIL & SECOROC DRILL BITSHarmer Steel Ltd. ................................11

RAISE CLIMBERS & UNIVERSAL RACK & PINION HOISTSArkbro Industries ................................26

REGIONAL DEVELOPMENTTown of Lynn Lake ..............................12

SAFETY / CONVEX MIRROR SYSTEMSES&S Company ..................................26

SITE CONSTRUCTION & MININGNuna Logistics ....................................15

SLURRY SOLUTIONSElasto-Valve Rubber Products Inc. ......................................43

SURFACE MINING EQUIPMENTWirtgen America..................................13

SURVEY EQUIPMENT / SALES & RENTALSNorthern Survey Supply ......................21

UNDERGROUND MINING EQUIPMENTDux Machinery Corp. ..........................25

WORKERS COMPENSATION SAFETYWorkers Compensation Board ..............11

58 Summer 2007

Buyer’s Guide

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