SAMSSA Annual General Meeting December 4th 2017

 SAMSSA Annual General Meeting December 4th 2017

Primero sees clear sailing into 2017

The problems that hindered Primero Mining Corp in 2016 are behind it and it is confident that 2017 will result in a complete turnaround. 

Glencore’s Kidd Operations

Kidd Operations this year are celebrating 50 years of production in the City of Timmins. In the last five decades, the Glencore-owned organization mined over 150 million tonnes of ore and employed over 17,000 people, including multi-generational families.

Garrcon Deposit

Despite a bulk sample in 2015 yielding 3516.3 ounces of gold, the Garrcon Deposit has been placed on inactive status. The present owner, Osisko Mining Inc., says “the trial production permit remains active if the company wishes to pursue a second phase of bulk sampling or pursue a full production permit.”

Harte’s Bulk Sample

Harte Gold Corp has formally requested approval from the Ontario Ministry of Northern Development and Mines to mine an additional 30,000 tonnes under the Bulk Sample permission for a 70,000 sample. Purpose is to better test Sugar Zone mineralization and in light of increased mining widths encountered to date under the Bulk Sample.

Black Fox Mine work

A bought $51.7 million financing deal will allow Primero Mining Corp. to undertake exploration and development at the company’s San Dimas and Black Fox Mines. Funds also will be used for working capital and general corporate purposes.

Tango diamond mine

Work on the proposed Tango diamond mine that is expected to replace the Victor, the only operating diamond mine in Ontario, hopefully will resume this coming winter. De Beers Canada suspended development work on the Tango in February in order to deal with questions about the environmental effect of the project in the James Bay Lowlands.

Orefinders Resources Inc

Orefinders Resources Inc. intends to generate cash flow from its Mirado Projecct while working towards its long term objective of putting it into commercial production. On Aug. 10, its financial position was enhanced when it was able to announce that it has been approved for the Ontario Prospectors Association’s (OPA) Junior Exploration Assistance Program (JEAP). The JEAP program is sponsored by the Northern Ontario Heritage Fund Corporation and the OPA.  The JEAP program has committed to provide Orefinders with a grant to return funds to the company of up to 33.3 per cent of approved eligible exploration expenditures at the Mirado Mine Project to a maximum of $100,000.

Timmins mines

Explor Resources Inc. has announced that Teck Resources Limited has met its first year commitments under the Earn-in Option agreement for the Timmins Porcupine West Property. Teck completed exploration expenditures of at least $1,500,000 prior to May 1st, 2016. It is currently working on the next phase of its earn-in.

IAMgold Corporation

One hurdle to the development of an open pit gold mine near Gogama has been jumped but there are several more facing owner IAMgold Corporation. On April 14, 2016 the Canadian Environmental Assessment Agency gave the green light to the project but IAMgold needs to obtain other federal permits.