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By Craig Roberts

"While various methods are available to estimate a mining project's value, value is only established through a transaction. Comparable methods allow the value estimated for a mining project to be benchmarked against mining project values established in the market. Comparable methods thus are a key tool for ensuring value estimates are congruent with what the market would actually pay. For example, if the value estimated for a mining project using discounted cash flow analysis differs significantly from the value implied using comparable market methods, the valuator may be using metal price or discount rate assumptions that differ significantly from those the market is currently willing to pay for.The paper provides an overview of market comparable valuation approaches, and discusses some of the difficulties and limitations that arise in using these approaches. The types of market values that are typically utilised are discussed, including asset sale prices, share prices (market capitalisations), and values established in corporate mergers and acquisitions. Topics discussed include methods used in estimating a mining project's value based on the market value of the company that holds the asset, and limitations that arise because of unique features of mining projects and of companies that hold them.It is concluded that market comparable and fundamental (e.g. NPV) approaches to project valuation should not be viewed as alternative approaches to estimating project value, but rather can and should be integrated to derive a single value estimate based on both market andfandamental data. A method for integrating these approaches is discussed, and illustrated by example."

Jan 1, 2003

Iron deposits of every major type except laterite occur in Quebec, and form one of the major iron ore resources of the world. The five principal types of ore described are: (1) hematite-goethite masses derived from iron formation through the oxidation and enrichment of iron by natural processes; (2) taconites consisting of fine-grained iron formation; (3) metataconites composed of coarse-grained iron formation; (4) iron and titanium oxide minerals in massive or disseminateed deposits within gabbro and anorthositic rocks; and (5) replacement or contact? metasomatic magnetite deposits associated with complex silicate and skarn mineral assemblages. Most of the ore, although relatively low grade, is easy to concentrate. The physical properties of the ores that affect the choice and efficiency of beneficiation methods are described. The extent to which iron ore from this area can be utilized in the future will depend on the continued use and improvement of highly efficient methods of beneficiation.

Jan 1, 1964

By I. C. Christopher

Introduction The geology of the Cochen-our Willans gold mine has been described in reports by the late Dr. H. C. Horwood (1) in 1940 and by Dr. J. P. Nowlan (2) in 1947. Information from these and other (unpublished) reports has been incorporated in the present paper, together with some recent ideas regarding structural features which are at present being used to locate ore shoots. Location and History The mining claims of Cochenour Willans Gold Mines, Limited, occupy 705 acres in Dome township, on the east shore of Red lake opposite McKenzie island. Adjoining properties are those of McKenzie Red Lake Gold Mines on the west, Boymar Gold Mines on the north, Marcus Gold Mines on the east, and Martin-McNeely Gold Mines on the south. The claims of the original group were staked by W. M. Cochenour, Dan Willans, and H. G. Young, and the Cochenour Willans Syndicate was formed in 1928. Work was carried out by the Syndicate and several other companies during the next eight years with inconclusive results, due to the irregular occurrence of the ore. In 1936, Cochenour Willans Gold Mines, Limited, was incorporated and production was finally started late in 1939.

Jan 1, 1951

By James A. Robertson

"This paper is the result of a continuing investigation begun in 1953 by government geologists and mining companies. Previous work is reviewed and the development of several stratigraphic nomenclatures and correlation schemes is traced, culminating with the interim report of the Federal-Provincial Committee on Huronian Stratigraphy formed in 1966.The stratigraphy, structure and correlation of the Huronian rocks of the Blind River area and the region between Sault Ste. Marie and Sudbury are reviewed. The area is underlain by three Precambrian units: (1) the Archean greenstones and granites, (2) the Huronian sedimentary and volcanic rocks and (3) the post-Huronian intrusive rocks. The Huronian rocks, largely quartzite and conglomerate with greywackes, argillites and carbonates, were laid down in shallow water transgressing over the eroded Archean basement. Thickness and facies changes indicate a northwesterly source, northerly overlap and deposition controlled by basement topography. Polymictic conglomerates, occurring at least at three horizons, represent tillites and are associated with varvites with dropped clasts. These are best developed in the Gowganda formation, which varies from a continental glacial environment in the north to a marine glacial environment in the southeast.There were at least three phases of post-Huronian igneous activity, probably related to several periods or phases of late Precambrian deformation and metamorphism: (1) sills of Nipissing diabase and rather younger diabase dikes; (2) the Cutler Granite and Croker Island Complex; and (3) dikes of Keweenawan olivine diabase.Copper mineralization is associated with the Nipissing diabase. The uranium ores are found in pyritic quartz-pebble conglomerate near the Huronian Archean unconformity, particularly in ancient valleys; they are considered to be placer deposits modified by later events. Uranium production from the Blind River camp to the end of 1966 was 128,160,096 pounds U308 valued at $1,203,840,848 derived from 56,077,179 tons of ore grading 0.11 per cent U308.Within the Blind River and adjacent areas, future discoveries will probably be the result of costly systematic deep-drilling programs accompanied by detailed geologic studies of the type carried out by oil companies and probably computer-oriented."

Jan 1, 1969

By G. W. H. Norman

INTEREST in the mineral possibilities (gold, copper) of northern Quebec, north of the Quebec-Cochrane branch of the Canadian National railway, has centred for many years in the Chibougamau district (see Figure 1). Since 1934, however, promising gold discoveries in the Rose Lake-Florence River section, 115 miles southwest of Chibougamau lake, have widened the interest, and prospectors have examined other parts of the country between Chibougamau lake and Bell river and the surrounding districts. The object of this paper is to !resent an outline of the geology, and to describe the mineral deposits, o part of this region, or, more specifically, of the part embraced by the Opawica-Chibougamau and Waswanipi map-areas(l), which include the districts about Chibougamau lake and Rose lake-Florence river, where mineral deposits are now in course of development either by surface or underground work. Early discoveries, developments, and explorations in the Chibougamau district are well summarized in the report of the Chibougamau Commission, published in 1911(2). The Commission discredited previous optimistic accounts of mineral discoveries in the area, made initially in 1903, but at the same time they expressed the opinion that, from a geological standpoint, the district promised a reward to diligent and intelligent prospecting. Their general conclusion-that prospecting in the area was not then (1911) commercially advisable in view of its inaccessibility and other handicaps shifted interest from the district until, some years later, valuable discoveries were made in the Rouyn area, and aircraft widened the field of successful exploration. During the past ten years or so, considerable energy has been spent in promoting the development of the district. The net result has been the discovery of a number of prospects, the majority of which have been explored only by trenching and, in most cases, diamond drilling.

Jan 1, 1936

By C. Bourgoin

"The limited development and application of new technologies to narrow-vein mining is currently impeding progress in the industry to a point where productivity, working conditions and operating costs have reached a critical stage in many Canadian mines.In an effort to foster the emergence and application of new technologies, Université Laval, together with other organizations, has carried out a R&D project focussed on the need of identifying new development pos5ibilities and of facilitating the transfer of technology in matters related to underground mining methods and machinery.The first phase of the study consisted of an in-depth assessment of current practices and problems in narrow-vein mining. The second phase was a state-of-the-art survey of mining methods and equipment, together with proposed modifications and innovations. The third phase of the project concerns the experimental development as well as the principal application of various proposed technologies.This paper presents an overview of the organizational, technical and strategic considerations which guided the University group and it serves as well to introduce a newly-published brochure, entitled ""Underground Mining Techniques of Vein Deposits"", which summarizes such work to date. More specifically, a perspective of technological developments applicable to narrow-vein mining is presented."

Jan 1, 1994

By Sangjian Zhang, Zhu Xiao, Lairong Xiao, Rushi Chen, Mei Fang, Zhou Li

The copper-graphite metal matrix composites were fabricated by two different production methods: directly sintering with copper and graphite (Cu-Gr composite), and in-situ sintering with cuprous copper and graphite (Cu2O-Gr composite). During the in-situ reaction sintering, a redox reaction occurs at the interface of the Cu2O particles and Gr particles, resulting in the improved physical and mechanical properties of Cu2O-Gr composites. Compared with Cu-Gr composite, Cu2O-Gr composite has a higher compression strength at any given graphite content due to the improved interface bonding and uniformly distributed fine graphite particles in the matrix. Increasing graphite content decreases the mechanical properties of the copper-graphite composites. The compression strength of Cu2O-Gr composite is 50-100 MPa higher than that of Cu-Gr composite. INTRODUCTION Copper-graphite composites have been widely used in industry due to their low density, relatively high strength and hardness, good thermal and electrical conductivity, arc ablation resistance and self- lubrication ability (Grandin & Wiklund, 2018; Han & Xu, 1999; Huang et al., 2017). Electric sliding contact friction pair in the high-speed railway system and motor brush in electric contact components have a very high demand on electrical conductivity and self-lubrication ability of materials. The electric devices need to bear both mechanical load and high electric current. Copper-graphite composites with good mechanical, electric and self-lubrication properties are the best candidates for application in multifunctional electric sliding contact frication components. The relative sliding speed of friction pair is developing towards 100 m/s or even faster, which can withstand the electric flow of more than 800 A, and it is often accompanied with vibration and impact (Guo & Ding, 2008). Conventional wear-resistant materials can no longer meet the current requirements and this promotes the development of copper- graphite composites with excellent comprehensive properties (Ding, Chen, Zhu, Zhang, & Zhou, 2009; Yasar, Canakci, & Arslan, 2007). There are many ways to fabricate copper-graphite composites, mainly including powder metallurgy method, liquid immersion infiltration method, rapid sintering method and electrodeposition method (Kalin & Poljanec, 2018; Kim, Lee, & Han, 2014; Liu et al., 2018; Wang et al., 2018). Each method has its own advantages and disadvantages, and the powder metallurgy method is the most commonly used one due to its simple process, high economic benefit, and industrial production applicability. The common steps of the powder metallurgy method are as follows (Samal, Parihar, & Chaira, 2013): firstly mixing the copper (copper alloy) powders and graphite with a certain ratio, following by die-forming, and then sintering at the high temperature with or without pressure. The advantage of copper-graphite composites is that the graphite distributed in the copper matrix uniformly and it can form a carbon diaphragm preventing the wear of the composite (Fu & He, 2010). However, the bonding strength of the interface between the copper matrix and the graphite is relative low as the combination between them is mechanical interlocking but not metallurgical bonding (Ma et al., 2008). It is meaningful to develop new fabrication technology of copper-graphite composites with better interface bonding, which could provide guidance for the design of copper-graphite composites with excellent comprehensive properties.

Jan 1, 2019

By W. A. Gow

"In January of 1964, a group known as the Canadian Gold Metallurgists was formed with the backing of the managers of most Canadian gold mining operations. This organization is composed of about thirty mill superintendents of Canadian gold milling operations where the cyanidation process is in use, and one member from the staff of the Mines Branch, Department of Energy, Mines and Re-sources, Ottawa. The aim of this group is to bring together gold mill operators, and research and development people from both industry and government for the purpose of discus-sing common metallurgical problems, and deciding on what operational R and D efforts can be made to help solve these problems. Since the conception of this organization, this approach taken by the gold industry to the study of metallurgical problems has resulted in benefits to all operators, both by assisting them with problems peculiar to their own individual operations and by providing developments of general interest to the industry.This paper describes events leading up to the formation of the Canadian Gold Metallurgists, and how the group has operated since its formation. Examples of progress made toward the group's objectives are given, and possible future programs are discussed."

Jan 1, 1968

By Denis Yaychuk, Gary Billingsley

The economic eva luation of a mineral property or mining venture should include the quantification of ri k as part of the analy is. The re ults of such an analysis provide the decision-makers not only with the most likely financial outcome and the probability of achieving that or any other outcome. but al o with a ranki ng of the relative impact of all the ri sk factors. These type of resu lts offer more complete information for investment and technical deci ions than the traditional cash flow/ ensitivity analysis. In addi tion. by attempting to quantify ri sk. the personnel providing the va ri able input are forced to take a much clo e r look at the data involved, and are fo rced to work together. the reby increa ing substantially the awa reness of the impact their work and others· work has on th e outcome of the analysis.

Jan 1, 1986

By Patrick E. Cavanagh

"A pilot shaft furnace was operated for one year at Steep Rock to produce special high-grade products from coarse ore, using lignite as fuel. The furnace is 10 ft in diameter and 60 ft high. When operated to heat coarse Steep Rock ore to drive off combined water and give a 64-per-cent-Fe product, the fuel consomption was 900,000 Btu's per long ton of product. The furnace was run in this way from September 1966 to January 1967 to establish the technique of feeding and discharging the furnace and controlling the gas composition and temperature. The furnace is similar in operation to a lignite water gas producer containing a large proportion of catalytic iron oxide. Steam injection is used to control the temperature. The product was tumbled in a rotary trommel to stabilize it. The resulting fines could be fed to the conventional pellet plant at Steep Rock. The furnace was next operated to make 77-per-cent-Fe metallized coarse ore. Several major modifications in de-sign were made and the furnace was successfully operated for short periods to maintain the required conditions to remove 75 per cent of the oxygen from the ore to give a 75-per-cent-reduced product at a grade of 77 per cent iron. The furnace cooling zone was operated under positive pressure, with internai alkaline water sprays to cool the charge. The product was discharged from the open bottom of the furnace without serions reoxidation. The metallized ore was magnetically separated from the discharge. Most of the charred lignite discharged along with the ore is re-cycled. Fuel requirement was 11,000,000 Btu's per long ton of product. This metallized coarse ore is intended for blast furnace feed. A short test run was carried out to establish the conditions for making a highly reduced melting stock for steel furnaces. To achieve 90 per cent reduction and over 90 per cent Fe, the furnace must be slowed down so that the production rate is about one-half the rate when making a 75-per-cent-reduced metallized product. Fuel requirement is 15,000,000 Btu's per long ton of product. The simple shaft furnace developed is similar to the top half of a blast furnace, with some major modifications to allow discharging into the open air. This Low Temperature Blast Furnace program has been technically successful and has resulted in making data available for the design of a commercial plant. Study of the commercial feasibility of large-scale production of metallized coarse ore at Steep Rock is still continuing."

Jan 1, 1968

By Laura A. Sanders

Mineral scale formation is prevalent in numerous mining operations. Such scale formation can occur in the direct-contact heat exchangers ahead of an autoclave. In these heat exchangers, the incoming slurry comes into contact with steam in a stage-wise fashion, which is re-circulated from the downstream flash vessels to heat the slurry in stages ahead of the autoclave. Calcium sulfate scaling causes severe problems in mining operations where increased temperatures are involved due to rising temperatures promoting calcium sulfate scaling through a decreasing solubility. In a number of these operations, the scale formation can occur in the presence of mineral solids, where fine-grained charged particles are at concentrations in excess of 35%. Scale prevention is not difficult in standard aqueous systems; however, the presence of solids leads to significant deficiencies in the prevention of scale due to the adsorption of the polymer onto the charge solids instead of the polymer interaction with the scale. Therefore, a technical solution to prevent mineral scale build up occurring in presence of pulp slurry in mining operations is needed. Several novel antiscalant technologies were developed and evaluated which provided a substantial improvement in the scale prevention in such systems.

May 1, 2013

By A. Pearson, F. A. Auld, S. O. Colbeck

"""The theory of buckling of shafts and Steel tunnel-linings"" was published by E. Amstutz in 1970 and commented on by S. Jacobsen in 1974. The authors have revised and enhanced Amstutz’s work to address Jacobsen's comments on its limitations and to extend its validity over a wider range of pipe/shaft geometries, including those commonly found in deep mine access shafts. The author has looked at Amstutz’s assessment of strengthening with flexible shear anchorages and adapted the theory of non-linear shear deformation response of bolts to develop a method of assessing increased buckling capacity utilising the full plastic shear capacity of studs. INTRODUCTION “Amstutz Buckling” refers to the buckling of pipe embedded in concrete under external uniform pressure. In terms of a mining environment, this relates directly to the design of a watertight shaft. This load case will commonly occur where a main shaft is cast against a geostatically stable primary liner and the only load applied to the final shaft is that of a uniform ground water load. Ernst Amstutz wrote his first paper on buckling of pressure-shaft steel linings in 1950 and subsequently improved his theory (Amstutz, 1970), which was then widely adopted for use within the industry. Years later, an alternative approach (Jacobsen, 1974) was proposed. Within his paper Jacobsen critiques Amstutz work, identifying some mathematical inconsistencies and highlighting limitations of the theory imposed by approximations adopted by Amstutz. Despite these limitations Amstutz work has still been used as the favoured design theory for use in the mining industry. In reviewing this body of work the author realised that with the advent of readily available computing software it was possible to adopt an iterative approach using Amstutz approximate formulae to find a solution to the original precise formulae, thus eliminating the limitations highlighted by Jacobsen The shear deformation to load characteristics of bolts has long been established (Crawford & Kulak 1968) and used for the plastic design of bolted connections in shear. This relationship is directly transferable to the design of shear studs, typical properties are well known, and actual values easily established in simple lab tests. The author has taken this relationship and modified Amstutz theory (Amstutz, 1970) for shear anchored strengthened liner buckling, to give a more efficient solution, using readily available material properties."

Jan 1, 2019

By W. C. Whittaker

Introduction When one thinks of a coal stripping deposit, the picture that usually comes to mind is that of a more or less flat seam from two to twenty feet in thickness overlain by ten to fifty feet of overburden, in suitable ratio for economic operation. This is the usual type of stripping deposit and is quite a common occurrence in various parts of the prairie provinces. Rather unusual types of coal stripping deposits are being presently worked as open-cut mines by Sterling Collieries, Limited, and the Co al Valley Mining Company, Limited, at Miles 47 and 48 on the Alberta Coal Branch, some 150 miles south west of Edmonton. These deposits are of interest chiefly because they represent turned-up and greatly thickened sections of the Mynheer seam, and as such they present their own problems, peculiar to the commercial exploitation of a seam of this type. The area in which these deposits occur was originally owned by the Pacific Pass Collieries, whose operations, however, were confined to under-ground mining at Lovett, some eight miles to the southeast. It was not until l918 that the value of these deposits was realized, when the Company now known as Sterling Collieries, Limited, opened their pit at Mile 47. At the inception of the work, coal was loaded directly into the railway cars by men using wheelbarrows. In 1920, a tipple was built, after which the coal was loaded by steam shovel into mine cars, hauled by steam dinkeys, and loaded over the tipple into railway cars. In 1922, the Coal Valley Mining Company entered the field at Mile 48, with an entirely mechanical equipment, and at the present rime these two are the only stripping properties in Alberta using mechanical equipment both for the removal of overburden and the loading of the coal. These Companies have operated continuously since that time, and have to date mined and shipped 4,000,000 tons of coal, and moved some 5,255,000 cubic yards of stripping. The present annual coal output for the two mines is about 240,000 tons.

Jan 1, 1935

By Shahé Shnorhokian

Numerical modeling is increasingly being used as a tool to examine complex geomechanical issues related to rockmass behaviour and stability of underground openings. The in-situ stress regime and the evolution of mining-induced stresses during the life of an operation, taking into account the planned stope sequence, are topics that can only be handled through the use of a realistic and calibrated numerical model. This paper presents a case study of a deep underground Canadian mine in northern Ontario. A FLAC3D model was constructed and calibrated based on in-situ stress measurements. In the first stage, the evolution of stress regime was studied and compared with the occurrence of rockburst events during a period of three years. The locations of clusters were examined and compared to the mining sequence during that period. In the second stage, stresses within a diminishing ore pillar were examined based on the planned stope sequence and compared to levels deemed acceptable to the mine. Based on the results, an alternative sequence was arrived at to reduce stress accumulation in the pillar, or induce it to occur at a further distance from a brittle dyke in the vicinity of the orebody.

Aug 1, 2013

By W. A. Parks

Stone that may be applied to purposes of construction is available in nearly all the inhabited parts of Canada, the most important exception being the prairie region, but, even here, the deficiency is overcome in many parts by a wealth of glacial field-stones. In many parts of the country, also, the accessible stone is of a quality so poor that brick is more generally used. There is a great difference, however, between stone that 'may be used' and stone suitable for buildings of a monumental type or even for 'trimmings' on the better class of dwelling in the cities and towns. It is in the latter sense that the expression 'building stone' is commonly used. Thus restricted the term includes varieties of sandstone, limestone, and granite, using the latter word in the custom of the quarryman, not only for the true granite of the geologist but for many other igneous rocks as well. Building stone of high quality grades imperceptibly into stone suitable for monuments, particularly in the case of the granites. The present review will deal with building and monumental stone in this restricted sense and will omit marble, although that material has been used to some extent for building. For instance, the Great West block in Winnipeg is built of marble from British Columbia.

Jan 1, 1925

By Gary Raymond

The Similkameen Division of Newmont Mines Limited operates a low-grade open-pit copper mine in southern British Columbia. The copper mineralization is extremely erratic.As a result, over seven years of operation, ore control methods have evolved from standard flagging based on blast-hole assays, through an in-pit grab sampling system, to the present method of mining to computer-determined ore-waste boundaries based on geostatistics. These improved ore control methods have resulted in a gain of at least 25% on ore tonnage miffed, at the same grade as obtained using earlier techniques. At the same time, geostatistical ore reserve estimates are now within 7% of milled ore tonnage and grade on a yearly basis, whereas the original polygon ore reserves under-estimated mineable ore tonnage by 15% to 45% and over-estimated grade by about 20%. The author discusses why traditional ore estimation methods give poor results in erratically mineralized orebodies and describes the geostatistical approach to the problem.

Jan 1, 1979

By G. W. Neumann, J. R. Schnarr

The lead-zinc-copper-silver ores mined by Brunswick Mining and Smelting Corporation Limited at their No. 12 underground mine and No. 6 open-pit operation, and treated by distinct concentration processes in separate plants, present difficult metallurgical problems because of the extremely fine dissemination of the valuable minerals with pyrite and pyrrhotite. The problem of concentration is further complicated, in the No. 12 ore, by the presence of a varying content of graphitic carbon. This paper describes the milling of No. 12 ore and the production of copper, lead and zinc concentrates by differential flotation.

Jan 1, 1971

By D. R. Lentz, J. A. Walker

"Abstract -The Flat Landing Brook Zn-Pb-Ag deposit of the Bathurst Mining Camp occurs within a narrow thrust-bound nappe containing felsic volcanic and volcaniclastic rocks of the Tetagouche Group. Within the host nappe, the Tetagouche Group is represented by the Nepisiguit Falls Formation and the overlying Flat Landing Brook Formation. The Nepisiguit Falls Formation is divided into two members: quartz- and quartz-feldspar-phyric volcaniclastic rocks ± minor lavas (Grand Falls member), and aphyric, fine-grained volcaniclastic rocks (Little Falls member). The Flat Landing Brook Formation consists of aphyric rhyolite flows and interbedded pyroclastic rocks. Several gabbroic intrusions occur in both the footwall and hanging-wall sequences. These gabbros locally cut out the mineralized horizon at shallow levels, and are considered to be feeders to tholeiitic basaltic flows (Forty Mile Brook member) of the Flat Landing Brook Formation. The Flat Landing Brook deposit has many of the characteristics typical of volcanogenic massive sulfide deposits occurring within the highly productive Nepisiguit Falls Formation in the eastern part of the Bathurst Mining Camp. Mineralization occurs within or at the top of the Grand Falls member and comprises four or more massive to semi-massive sulfide lenses that vary in thickness between 3 and 5 m. Massive lenses are laterally gradational to, or underlain by, zones of disseminated sulfides up to 38 m thick. The deposit contains an estimated resource of 1.7 Mt grading 4.9% Zn, 0.94% Pb, and 19.54 g/t Ag to a depth of approximately 150 m. From 150 to 300 m below surface, mineralization is low grade and mostly disseminated. However, below 300 m, ore-grade (>10% Pb+Zn) massive sulfide lenses have been intersected over mineable widths. Oxide facies iron formation overlies and (or) grades laterally into the sulfide lenses. The oxide facies has strong positive Eu anomalies and gently sloping rare earth element (REE) profiles suggesting that it was formed from relatively hot acidic fluids that had interacted with felsic volcanic rocks in the footwall. In contrast, the silicate facies iron formation that is more distal to sulfide accumulations has very weak positive Eu anomalies and gently sloping REE profiles, suggesting either cooler hydrothermal fluids or dilution of the hydrothermal component by detrital material. Hydrothermal alteration has affected most footwall rocks. Most notably, albite-destructive alteration has resulted in Na2O depletion, whereas mass addition of K2O is manifested in the formation of sericite (white mica). In more intensely altered quartz- and feldspar-phyric volcaniclastic rocks of the Grand Falls member, feldspar destruction is accompanied by chlorite alteration, producing quartz-phyric rocks similar to those in the footwall of many Bathurst Camp deposits."

Jan 1, 2006

By Bruce K. McKnight

"The new H-W orebody was evaluated by considering its production at three technically feasible rates. Capital and operating costs were estimated f or each rate and production sequences were established using mining cutoff limits generated by an ore value algorithm. The viability of the project was then examined by conducting economic and financial analyses of each of the three production cases under various world economic scenarios. These analyses employing standard profitability measures demonstrated all three cases would be economically viable; the production case which maximized the Net Present Value of the project was the one selected for development and production.IntroductionWestmin Resources Limited and its predecessor company, Western Mines Ltd., has been continuously carrying out mining operations near Myra Falls in Central Vancouver Island since December 1966. The mining operation, whose current production rate is approximately 830 tonnes / day (t/d), based on ore derived from the Myra and Lynx Mines, produces copper, lead and zinc concentrates which contain significant quantities of gold and silver in addition to the base metals.In the late 1970s, with Lynx and Myra ore reserves slipping to unacceptably low levels, a major increase in mine-site exploration was initiated, with outside geological staff brought in to complement the efforts of the mine's geological staff. By the end of 1979, this program had resulted in the discovery of a significant new orebody on a deeper horizon some 300 metres below the one which hosts the Lynx and Myra deposits. Throughout the period 1980-1982, major drilling was carried out to evaluate the new H-W deposit and by the end of 1982, drill-indicated mineral inventory for the deposit compared with Myra, Lynx and Price ore reserves was as shown in Table I. During this same three-year period, a major development and evaluation program was underway comprising environmental monitoring and control programs, shaft sinking test mining, bulk sampling and mill testing, rock mechanics studies and preparation of the Stage I and II reports for the multidisciplinary Environmental Land Use Committee (ELUC).As a result of the preliminary engineering work and exploration drilling, it became rapidly apparent that the H-W deposit could support a considerably higher production rate than the current one. Accordingly, engineering studies including scheduling of development and production as well as capital and operating cost estimates, were focused on three possible production rates: 1350, 1800 and 2700 t/d. Our task was to select the optimum one of these three rates."

Jan 1, 1987

By A. B. Baldwin

"Uranium and thorium mineralization occurs at several localities in eastern Quebec along the north shore of the Gulf of St. Lawrence. The main occurrences are near Sept-Iles, Baie Johan Beetz, Romaine and St-Augustin river. Mineralization occurs mainly as disseminated uraninite, uranothorite, uranothorianite, monazite and minor zircon and allanite. Yellow to orange oxidation products are observed along fracture planes of the uranium-bearing deposits to a depth of a few feet. Magnetite, biotite and smoky quartz have a distinct tendency to accompany the radioactive minerals. The host rocks include white to pink pegmatite, pink granite and also, in the case of the Romaine and St-Augustin River occurrences, cream to grey plagioclase-rich, well foliated paragneiss and migmatite. Radioactivity near secondary structures, such as fractures and joint planes, indicates some reconstitution of radioactive minerals.The North Shore of Quebec is the northeast extension of the Grenville sub-province. It is also a uranium-thorium metallogenic province."

Jan 1, 1970