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By R. D. Brown

The first step in achieving a rationalization of Canada's crazy patch-work quilt of mining taxes and policies was achieved with the release last November of a major federal-provincial report on the taxation of the Canadian mining industry. The Report, prepared by a group of federal and provincial civil servants, sets out a concise and informative discussion of the major taxation and incentive issues facing the mining industry, and puts forward major recommendations for more rational and moderate taxation policies. It will be considered by federal and provincial Finance and Resource Ministers for possible action by the respective governments. The Report was prepared in response to a directive from the federal and provincial First Ministers in February 1978 to review the federal and provincial taxation of the resource areas. Although the Report is more successful in identifying problems rather than concrete solutions, and reflects some continuing differences of opinion between the governments involved, it does represent an important first step in a comprehensive review of our resource tax policies. This article summarizes the Report, which is some sixty pages in length. Although a detailed discussion of it is beyond the scope of this article, the report itself is recommended reading for those concerned about the current state of the Canadian mining industry.

Jan 1, 1979

By Marcin Ziemski

This paper reports on an energy efficiency analysis completed as part of a research project looking at energy reduction opportunities in minerals processing operations. The plant discussed is a gold production facility owned by Newmont Gold in the Tanami region of central Australia. Due to its remote location, lack of nearby gas pipeline or power grid, the operation has been completely dependent on diesel fuel for its electricity generation and transport needs. The mine and processing plant use electrical power at a rate of 12MW to 18MW, resulting in a monthly electricity cost of over US$1.5M. The high cost of diesel combined with an impending power generation capacity shortage drove Newmont to undertake the energy efficiency study. An energy audit of the plant showed opportunities for significant energy savings through the strategic use of waste heat, fuel replacement alternatives and renewable energy sources.

May 1, 2007

By L. B. Tsymbulov, L. Sh. Tsemekhman, A. N. Golov

Gipronickel Institute, JS is developing a process of continuous converting of Nicontaining copper matte and concentrates resulting in the production of blister copper and fluid NiO-containing slag in a two-zone Vaniukov furnace. The process under development is an alternative for the existing technology of blister copper production in converters, the latter being characterized with insufficient sulphur utilization, low direct copper recovery and the production of inconvenient for further processing solid slag on the basis of NiO and NiFe20 4- The results of pilot testing on processing of copper concentrate obtained from high-grade matte (HGM) separation in the two-zone Vaniukov furnace with the hearth area of 11.4 m2 are presented.

Jan 1, 2007

By Charles Camsell

At the last annual meeting of this Institute the programme very properly was drawn up and carried out with the special object of calling attention to the Dominion's position and problems with regard to fuel supplies. That subject, always one of serious concern, was a source of considerable anxiety twelve months ago. It is still so, but in a decidedly less degree than at that time. So far as the immediate fuel situation is concerned our anxieties have been relieved. And I think we can safely say that such a consciousness of our difficulties and determination to overcome them, has been developed in the minds of our people that there will be no slackening of the offensive until a final solution is reached. In selecting a subject of major importance for the present occasion I have felt free to digress from the pressing problems of last year and to go back, for a starting point, to the presidential address of two years ago .. I do not, however, wish to enter the controversy that has developed as a result of that address, though in spite of my own failure to amass a fortune from participation in certain mining ventures, I am decidedly inclined to the optimistic view that Dr. Corless presented of the future of our mining industry. You will perhaps have observed that in its general wording the title of my paper bears a marked resemblance to that of that address. This simila1ity of titles is not accidental. It is intentional on my part.

Jan 1, 1924

By V. I. Lakshmanan

Recycling helps to save energy and is good for the environment. It is also important for preserving the limited natural resources. In addition, recycling creates economic benefits and frees up space at the landfill sites. Process Research Ortech Inc. (PRO) has conducted extensive testwork in the area of waste processing and recycling. A process was developed for the recovery of Zinc from galvanized steel by alkaline leaching followed by solvent extraction and electrowinning. Extensive testwork has been conducted at PRO to obtain a useful by-product from rice husk. Rice husk was combusted in a gas/solid reactor to obtain an environmentally acceptable amorphous silica ash suitable for use in high strength concrete. In another development, vanadium was recovered from fly ash by separating carbon first, followed by alkaline pressure leaching, solvent extraction and precipitation. PRO has also developed an environment friendly process for treatment of industrial wastewater for its reuse to obtain zero or minimal effluent discharge. In this paper, four case studies related to recycling of zinc scrap, controlled combustion of rice husk, processing of fly ash, and reuse of waste water will be discussed.

Jan 1, 2011

By K. Trapani

"The study undertaken aims to investigate an ice stope heating and cooling system for its potential to be implemented in sub-arctic mines, as a low carbon alternative to conventional natural gas and refrigeration chiller systems. Its performance was simulated for a years’ worth of data, taking into consideration hourly temperature data. Results showed that to supply the required heating and cooling loads, the ice stope system had to supplement its heating with natural heating. The techno-economic performance of this system was compared to that of a conventional heating and cooling system in a mine, with the ice stope thermal storage system hawing the lowest annuitized cost and significantly lower carbon emissions.INTRODUCTIONConventional heating and cooling, in a mine is implemented using natural gas heaters and chiller refrigeration systems respectively. This results in a significant portion of energy consumption in underground mines attributable to ventilation (De Souza, 2015), including the conditioning of the air to ensure that temperatures do not exceed work comfort standards (ACGIH, 2011). Especially at depth where heat could become a significant issue. An ice stope thermal storage, using ice as the storage medium is being proposed as an alternative to provide the heating and cooling—with the ice creation resulting in heating and the ice melting providing the cooling required. A techno-economic investigation of the two systems is undertaken to identify the capital and operating costs for the two systems, and to assess the ice stope’s potential to be considered a low cost and carbon solution for heating and cooling of mines in sub-arctic climates.NATURAL STORAGE SYSTEM – CONCEPT DEVELOPMENTThe concept for the natural storage system is developed from the ice stope at Frood-Stobie Mine, ON, Canada (Stachulak, 1991). The ice stope was developed for mine air heating, with the heating occurring by spraying warm return service water onto the cold intake air—resulting in the air temperature increasing and ice being created in the stope. In summer this ice was melted by passing warm air on top of it, resulting in slight cooling of the air but no significant temperature difference which could allow effective cooling. A schematic of the Frood-Stobie Mine ice stope is provided in Figure 1."

Jan 1, 2019

By E. Asselin, G. K. Yue

"In the present study, electrochemical measurements, especially cathodic potentiodynamic polarization (CPC) and cyclic potentiodynamic polarization (CPP), have been employed to study the kinetics of ferric reduction on chalcopyrite in aqueous Fe(II)Fe( III)H2SO4 solution at 90 °C and 110 °C. Results from the calculation of speciation in the above solution reveal that, at both 90 °C and 110 °C, the real Fe3+/Fe2+ ratio is much lower than the nominal ratio, which leads to smaller VALUES (for the reversible potential of the ferric/ferrous couple. Exchange current densities of the ferric/ferrous couple were obtained and are on the order of 106 10 5 A/cm2 a t 9 0 °C and 1 07 10 6 A/cm2 at 110 °C, respectively. The Tafel slopes from the CPP method are higher than those from the CPC method at both 90 °C and 110 °C. The transfer coefficients were about 0.360.59 at 90 °C and 0.370.65 at 110 °C. Based on the exchange current densities obtained, the rate constant kc was calculated. It was found that kc at 90 °C was slightly larger than at 110 °C, especially for the results obtained by the CPC method. The average rate constants are 862.17 cm/s for CPC and 65.30 cm/s for CPP at 90 °C, and 477.69 cm/s for CPC and 63.53 cm/s for CPP at 110 °C for nominal Fe3+/Fe2+ ratios ranging from 1:1 to 1000:1. INTRODUCTIONChalcopyrite is one of the most abundant copper-bearing minerals, accounting for approximately 70% of the world’s known copper reserves (Wang, 2005). Most of the currently proposed leaching processes are based on sulfuric acid with ferric ions and/or dissolved oxygen as oxidants. Some of these processes have been piloted in attempts to implement these technologies on an industrial scale, such as Activox (U.S. 5,232,491, 1993), Nenatech (U.S. 5,993,635, 1999), Dynatec (U.S. 5,730,776, 1998), AAC/UBC (U.S. 6,503,293, 2003), Total Pressure Oxidation (U.S. 5,698,170, 1997), CESL (U.S. 5,874,055, 1999) and Galvanox (U.S. 7,846,233, 2010).To date, much effort has been devoted to understanding the kinetics and mechanisms of the oxidative processes (Biegler & Horne, 1985; Córdoba, Muñoz, Blázquez, González, & Ballester, 2008, 2009; Ghahremaninezhad, Asselin, & Dixon, 2010; Hirato, Majima, & Awakura, 1987; Hiroyoshi, Kuroiwa, Miki, Tsunekawa, & Hirajima, 2004; Warren, Wadsworth, & El-raghy, 1982) or the cathode reduction reactions of chalcopyrite itself (Arce & González, 2002; Biegler & Swift, 1976; Biegler, 1977; Nava, González, Leinen, & Ramos-Barrado, 2008), by chemical or electrochemical methods. However, as the most important cathodic processes in chalcopyrite leaching systems, the cathodic reductions of ferric ions or dissolved oxygen are worth measuring due to their effects on the overall leaching rate, as predicted by mixed potential theory."

Jan 1, 2012

By Harry Perry

By 1980, the free world's need for economic sources of energy is expected to double. As a result, there will be a tremendous potential for all energy sources working together to supply the demand. For coal to continue its dominant role as a low-cost energy source, means must be found for it to meet the challenge of nuclear power and to overcome obstacles placed on its use by air and water pollution regulations. As the more limited reserves of gas and oil diminish, economic ways are also required for converting coal to synthetic liquid and gaseous fuels, and to chemicals, thus resulting in optimum utility of the most abundant low-cost fuel resource. The means for accomplishing these ends can only come about by a vigorous research and development program. Successful efforts by industry and government working together, both in America and abroad, will assure the continued use of coal to meet the world's energy demands. This paper discusses the emerging patterns of energy sources throughout the world and the role that research and development on coal will play in supplying future energy requirements.

Jan 1, 1967

By D. Beneteau, L. Feldman, D. Milne, A. Hyett, G. Snell

"Behaviour of rebar bolts subjected to combined shear and bending in underground potash mining applications is not well understood. An experimental investigation compared load applied to resin-grouted No. 25 metric rebar to theoretical load, calculated using elastic bending theory. Distributed optical sensing (fibre optic) technology allowed axial strain measurements at 1.25 mm increments along the length of rebar. Experimental procedure, data processing methods, and equipment improvements are needed for field applications of optical sensing technology. Goals were to adopt procedures for instrumenting rebar bolts, conduct tests, and develop data interpretation methods to measure field deformations and loads. ¦ KEYWORDS Fibre optic, Potash mine, Rebar bolts, Transverse load testing RÉSUMÉ On appréhende encore mal le comportement des boulons d’ancrage pour barres d’armature soumis au cisaillement et au cintrage pour un usage dans des mines de potasse souterraines. Une étude expérimentale compare la charge appliquée aux barres d’armature de diamètre n° 25 (25 mm en mesure métrique) enduites de résine époxy à la charge théorique, calculée à l’aide de la théorie de la flexion élastique. La technologie de détection optique distribuée (fibre optique) a permis d’effectuer des mesures de la contrainte axiale à des différentielles de 1,25 mm sur toute la longueur de la barre d’armature. Pour des applications sur le terrain de la technologie de détection optique, il faut envisager une procédure expérimentale, des méthodes de traitement de données et une amélioration de l’équipement. Les objectifs établis consistent à adopter des procédures d’instrumentation des boulons d’ancrage pour barres d’armature, à effectuer des essais et à mettre au point des méthodes d’interprétation des données pour mesurer les déformations et les charges sur le site. ¦ MOTS CLÉS boulons d’ancrage pour barres d’armature, essai par charge transversale, fibre optique, mine de potasseINTRODUCTION Resin grouted rebar bolts are commonly used in potash mines in the province of Saskatchewan, Canada, in areas where shear deformation is observed in the rock, or where potentially unstable ground is present, including locations such as clay seams. Opportunities to observe deformations of rebar, as shown in Figure 1, are rare because it is unusual in underground potash mining to excavate supported ground. In this situation, a block of potash containing a rebar bolt had failed."

Jan 1, 2019

The Industrial Minerals Milling Section of the Mineral Processing Division has been engaged for the past three years in a study of the separation of minerals, by means of electronic sorting equipment, on the basis of their colour. Considerable knowledge of the subject has been built up. Because the object of this study is application as a means of beneficiation, a number of examples of the separations achieved are presented. Introduction T 0 the mineral collector, the colour of a mineral may be pleasing, even fascinating; to the mineralogist, student or professional, it may also be practical. It serves, to some extent, as a distinguishing feature in many minerals, and helps to fix with reasonable accuracy the identity of a few. It may now become a useful tool of the mineral dresser. The idea of using a difference in colour as a means of separation of one mineral from another is not new. Hand sorting dates back to ancient time. However, the means by which this can be done mechanically was developed only during the past decade. As far as the Mineral Processing Division is concerned, interest dates from March, 1960, when the following item was observed in the

Jan 1, 1965

By M. Zamalloa, P. J. Mackey, P. Coursol, Y. Prévost

"Over the last decade or so, the availability of commercial thermodynamic modelling packages, such as FactSageTM, have been utilized to help the plant optimize slag chemistry and to minimize slag handling issues that can arise, such as those due to a process upset, for example, by undue feed variability. This paper illustrates an extension of the application of this software in examining a large range of NCV operating parameters, such as the %Fe/SiO2 ratio in the slag and the level of minor gangue components in the slag including CaO, Al2O3, ZnO, MgO, and PbO. The conditions influencing the slag liquidus range of NCV slag are discussed with respect to the overall process chemistry.Given that a sufficiently low %Fe/SiO2 ratio is used in NCV slag, most components such as CaO-ZnOPbO- Al2O3-MgO, in small concentration, all contribute to lowering the NCV slag liquidus. Considering the present level of these minor components, the NCV can operate consistently at 1200°C if the %Fe/SiO2 is between 0.6 and 0.8 in the slag. Using the type of phase diagrams presented in this paper, it is possible to develop different Noranda reactor/Noranda converter operating strategies adapted to the feedstocks available at Xstrata mines/plants or from other sources. The NCV is unique in that a fayalite-based slag is employed for high-efficiency continuous converting with excellent operating results."

Jan 1, 2007

By W. P. Campbell

In the course of the development of the Red Coulee field, northwest of Coutts, Alberta, a considerable amount of information has been gathered by the Department of the Interior regarding the chemical character of waters encountered in the drilling of wells in this area. The writer, in this paper, has undertaken to assemble the available material with the idea of deducing what relations, if any, may exist between the different waters from the same well, and also how these compare with waters encountered in similar horizons in other wells. From no other district, with which the Department of the Interior has had to do, have there been received so many samples of water, and yet not all the waters logged in the drilling reports were sent in for analysis. The information, therefore, herein contained is not as complete as the writer would have desired, but sufficient evidence has been accumulated to indicate some very definite tendencies in the chemical nature of the waters of this field. The drilling of Red Coulee wells has been carried out exclusively by percussive tools. These permit 'dry' drilling, and, consequently, water-sands are recognized when encountered. Had rotary tools been used, information regarding water-sands would have been very meagre, if not entirely lacking, since, in the mudding-off process, water-sands would have been overlooked, with the result that, should water break through into a completed well, its source would not be known and remedial efforts would be greatly handicapped, if not entirely defeated.

Jan 1, 1931

By Leonard L. Fischman

It is important to define "adequacy," and the most useful definition is a continuing availability of mineral materials under cost and other conditions which imply no significant burden on the achievement of otherwise attainable levels of consumption and well-being. For current decision making, it is sufficient to consider adequacy just to the end of the century, with some regard being given to then remaining mineral inventory. A comparison of cumulative demand projections to the year 2000 with already identified reserves ( economically recoverable amounts in known deposits) suggests little reason for concern with world adequacy of iron ore, aluminum, manganese, chromium or potash. Conservative estimates of "prospective" reserves (amounts producible at today's prices, but yet to be discovered) suggests that there are ample quantities of virtually all other mineral resources as well. A probable exception is oil and gas, of which there may be scant amounts remaining after the turn of the century. However, there is an evident sufficiency of substitute forms of energy, though it is difficult to see just where developing technology will take us. The critical questions have to do with the increasing dependence of the industrialized countries on external sources of supply , coupled with a new international politic s which complicates the problem of insuring timely development of, and access to, remaining deposits. In this context, Canada, a still mineral-rich nation, is in one of the more favorable positions.

Jan 1, 1977

By Martin Landwehr

"Dust samplers are based on different principles. The konimeter is based on the number of particles counted; mining applications are based on routine sampling; and the photometrical evaluation of samples is used after the pre-separation of particles above 5 micron by the mining konimeter. In special cases, the Draeger sampler is used for quantitative analysis. General trends are toward larger samples, concentration on a weight basis, fractionation into size groups by different techniques and an analysis of composition. Standards or TLVs already exist in all industries. Surface industries base their criteria on concentrations and quartz contents in particles below 5 micron. The mining industry uses the tyndalloscope routinely to determine concentrations; concurrent] y, the rock content, as deter-mined by ashing samples, is obtained by konimeter.Threshold limits are related to the rock content in respirable fractions and tyndallometrically determined concentrations. The TL Vs are based empirically on Landwehr's ""dust values,"" as agreed upon with the Mines Inspectorates. Recently, and in accurate sampling, dust samplers have been used that count the dust in two fractions -above and below 5 microns. Mineral composition is determined either for all minerais or just for quartz. In assessing the dust hazard by Landwehr's ""dust values,"" all minerais are taken into consideration; in coal dust sampling, however, only the quartz content is taken into account. Efforts are now being made to co-ordinate the different assessment methods, arriving at uniform MAC values in agreement with those of other countries."

Jan 1, 1969

By T. A. Lloyd

"This paper indicates the extent to which Canadian coal mine operators have taken advantage of developments in the science and technology of coal that would allow them to better satisfy changing market demands through improving the properties of their products. At some mines, no attempt is made to alter the coal from its as-mined condition, but at most mines grading into various size ranges and hand-cleaning of lump sizes is undertaken.Over-all, Canada Jags behind most of the other major world coal producers in the proportion of its coals being processed in wash plants. To some extent, this is due to the fact that a high proportion of the coal production satisfies market demands without such treatment. On the other hand, a few of the coal mines in Canada, which produce about 25 per cent of the nation's total coal output, have in operation some of the most modern coal beneficiating equipment available, including jigs, flotation cells, water cyclones, centrifuges, disc filters and thermal dryers."

Jan 1, 1968

By J. Desrosiers

"Minnova Inc. has five operating divisions thoughout Canada. One of them is Lac Dufault which was established in 1964.Lac Dufault is located 15 km north of Rouyn-Noranda, in what is known as Noranda volcanic centre, in northwestern Quebec. For more than 25 years, Lac Dufault has produced copper, zinc, gold and silver from four different mines: Norbec, Millenbach, Corbet and now Ansil.Ansil, officially in production since July 1989, is one of the deepest mines presently in production in Quebec. This high-grade copper, gold, zinc and silver orebody is being mined at a rate of 1200 tonnes per day with a total workforce of 200 employees.Of particular interest are the high mechanization level of the underground mine, technical innovations also underground, and computer applications throughout the division.IntroductionMinnova Inc. was formerly known as Corporation Falconbridge Copper until 50% of its shares were bought by Kerr Addison Mines Ltd . in 1986 and it became a member of Noranda Group of Companies.Minnova stands for mining innovation. It means Minnovaaims to use state-of-the-art technologies in mining and exploration to achieve maximum efficiency and cost effectiveness. It also means that they aim to use both proven and innovative management principles to the optimum benefit of their employees and shareholders. Minnova has operations across Canada. Presently four mining divisions produce copper, zinc, gold, silver and lead. Two are situated in Quebec: Lac Dufault (established in 1964) and Lac Shortt (established in 1985); one in Ontario; Winston Lake (established in 1988); and one in British Columbia; Samatosum (established in 1989).Minnova has an annual exploration budget of $15 million divided 60/40 between base metals and precious metals. Most of Minnova's exploration efforts are concentrated around their existing mines. Exploration is carried out from six regional offices located at Rouyn-Noranda and Chapais in Quebec; Thunder Bay in Ontario, Vancouver in British Columbia, Reno, Nevada in the United State and Panama City Panama. Each of the Canadian offices maintains close liaison with nearby operations.Lac Dufault Division is located in the Noranda mining camp, approximately 15 km north of the city of Rouyn-Noranda, in northwestern Quebec (Fig . 1)."

Jan 1, 1991

By S. Joshi, E. Asselin

An electrochemical quartz crystal microbalance (EQCM) was used to study the leaching of pure gold in deaerated 1 M Na2S solution. Multiple cyclic voltammograms were measured between -0.76 and 1.242 V (SHE) at 20 mV/sec and 2 mV/sec and the frequency shift of the quartz crystal was simultaneously measured. Both the forward and reverse scans showed oxidation occurred between -0.40 to 0.20V. The frequency shift increased during both the forward and reverse scans in the potential range of -0.40 to -0.06 V indicating electrode mass decreased. Since at -0.40 to 0.20 V oxidation peaks were also observed, part of the oxidation was due to oxidation of gold. Eh-pH diagrams were constructed and showed soluble Au(I)-S(IV) species formed between -0.30 and 0.10 V (SHE). Atomic absorption spectroscopy of the test solutions and the mass change recorded by EQCM both showed about 0.015 mg of gold leached. Since the majority of the frequency shift increase corresponding to gold oxidation occurred at -0.40 to -0.06 V during multiple cyclic voltammogram measurement, the total leaching of gold could be approximated to occur at this potential interval to give a leaching rate of ca. 6.4x10-5 mg/s-cm2.

Jan 1, 2011

By Earle J. Klohn

"The design, construction and operation of tailings dams is rapidly becoming a major consideration for most new mining developments, as well as for many existing operations. In North America, under pressure from public opinion, various government agencies have in recent years enacted legislation covering the design, construction and operation of tailings dams. In British Columbia, comprehensive legislation has been passed during the past year (1971). All of these new regulations may be placed into two broad categories: regulations concerning the safety of the dam and appurtenant structures, and regulations concerning the prevention of pollution. Both types of regulation affect the design of the tailings dam facilities. Consequently, they must be considered jointly by the designer. A good tailings dam design must satisfy the basic requirements of safety, pollution control, storage capacity and economy. To achieve this, 'the design must be based on a thorough understanding of both the geotechnical problems involved and the requirements of the mining development. Obviously, this requires close cooperation between the designing geotechnical engineers and the mining operators. This paper outlines the major engineering factors that should be considered in the investigation, design, construct ion and operation of tailings dams. Basic methods of tailings dam construction are reviewed and the advantages and disadvantages of each briefly discussed. Comparisons are made between the design and construction of conventional water supply dams and tailings dams. Examples are presented of some of the problems that may arise during construction and operation of a tailings dam. The paper also explains the need for basic instrumentation of tailings dams and for carrying out simple field tests and measurements during construction and operation. Of prime importance is the downstream monitoring of surface and subsurface seepage flows. These observations are invaluable where contamination of surface and/or subsurface water may become a contentious issue at some future date. Each tailings dam design must be based on a study of the particular requirements of that project. To make a proper evaluation, adequate data must be available concerning a large number of items•, including such things as: topography, hydrology, geology, subsoil properties, seismicity, government regulations, fineness of mill grind, mill water balance, availability of suitable construction materials, volume of water to be stored behind starter dam, downstream development or liability, and many others. The large number of variables involved in such an evaluation often result in the designer considering two or more alternative designs. Selection of the final design, which is usually based on detailed cost analyses of the alternatives, must be made in close consultation with the owner."

Jan 1, 1972

By B. R. Boardman

Project Environmental Approval is a multi-faceted issue. From a mining perspective, it is a costly item because of avoidable time delay. The government perspective is that the approvals are a necessary part of meeting departmental requirements to ensure that the wellbeing of other uses of the environment is maintained. This paper outlines some of the problems inherent in the environmental approvals process and makes recommendations to both the proponent and government about improving the efficiency of the process.

Jan 1, 1978

By William E. Roscoe

"Valuation methods are well established for mineral properties with production or imminent production, and include discounted cash flow and comparable transactions. Valuation methods for non-producing mineral properties, however, are more subjective. Non-producing mineral properties include those at various stages of exploration, properties at the prefeasibility or feasibility stage, properties with currently uneconomic mineral resources, and past-producers. Different valuation methods may be appropriate for different types of mineral properties.Income approach methods such as discounted cash flow and option pricing are generally not applicable to properties at the exploration stage. The market approach is generally appropriate to all types of mineral properties, although it is difficult to find good comparables because of the unique nature of mineral properties and the small number of transactions. Cost approach methods, such as appraised value and geoscience factor, are commonly used for exploration stage properties.Canadian standards and guidelines for valuation of mineral properties are in the process of being finalized by a Special Committee of the Canadian Institute of Mining, Metallurgy and Petroleum (CIMVal Committee). The CIMVal Standards are intended to be consistent with National Instrument 43-101, which sets regulatory standards of disclosure for mineral projects, and with International Valuation Standards. The intent of the CIMVal Standards and Guidelines is that mineral property valuation be carried out by appropriately qualified individuals and that all relevant information be disclosed."

Jan 1, 2003