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By Mark W. Bartlett

Program Objectives ??Identify and implement a tool for haul truck drivers that: -Reduces or eliminates fatigue-related injuries and fatalities -Reduces accidents and equipment damage ??Following evaluation period, apply tool where most effective Why do We Need a Fatigue Monitoring Tool? ??Everyone has probably fallen asleep while driving ??Driver fatigue is a major source of property damage and serious haul truck serious incidents ??To protect ourselves from the other ?tired?driver ??To know when to ask for relief ??To know when we are seriously distracted from driving ??To measure improvements in sleep incidents based on shift changes and intervention ??To help prevent incidents like the following:

May 1, 2011

By A. I. Gorshkov, Y. A. Bogdanov, O. Y. Bogdanova

Abstract - Detailed crystal-chemical study of iron and manganese oxides and some other minerals from low-temperature hydrothermal deposits in a newly discovered inactive mound in the TAG hydrothermal field were used to determine the precipitation sequence of mineral phases during lowtemperature processes and their post-sedimentary transformations. Particles of primary sedimentary X-ray amorphous proto-ferrihydrite with high silica content were replaced in situ by nontronite, ferrihydrite, or goethite during alteration. Ferrihydrite is the only proto-hematite phase. The transformation of the iron minerals, related to change in the physicochemical environment, is an important characteristic of low-temperature hydrothermal processes. The occurrence of hydrogenetic Fe vernadite and Mn feroxyhyte in the uppermost part of low-temperature deposits and bottom sediments near the base of the mound is evidence for cessation of low-temperature hydrothermal processes. Among the investigated mineral phases, goethite, nontronite, and hematite are stable in reduced sediments only.

Jan 1, 1999

By J. W. Craig

THERE are, broadly speaking, three classes of refractories: acid, basic, and neutral. Fireclay, diaspore, silica, and the sillimanite group of minerals are included in the acid class, which for the most part are not very resistant to basic slags. The neutra! class includes chrome, graphite, and silicon carbide, while most important in the basic class are magnesite and dolomite. Although chrome is a neutral refractory, it has no sharp distinction from magnesitic refractoriness. The two are mineralogically (1) and chemically related, and there is available on the market a complete range of brick from straight chrome to straight magnesite. In many indus trial applications, one. type may be replaced by another. The present paper is confined entirely to such refractories. The following types of basic and neutra! brick, each sold under sorne special trade name, are available for use in Canada: (1) Burned chrome from crude ores (2) Burned chrome from treated ores (3) Chemically bonded (unburned) chrome-magnesite ( 4) Burned chrome-magnesite (5) Chemically bonded ( unburned) magnesite-chrome (6) Chemically bonded (unburned) high-iron magnesite (7) Burned high-iron magnesite (Regular) (8) Burned low-iron magnesite (9) Burned olivine-magnesite (10) Burned magnesitic dolomite-chrome (Magnecon) (11) Chemically bonded magnesitic dolomite-chrome (Magmecom) (12) Dolomitic brick

Jan 1, 1936

"IntroductionNOTE.-All figures on the supply and consumption of coal in Canada cited in this paper were collected and reported by the Dominion Bureau of Statistics. The friendly and efficient co-operation of the officials of the Bureau. is the foundation upon which it has been my privilege to rely in the preparation of this and two earlier papers ( 1). My thanks are due also to our own staff on the Dominion Coal Board, who spared neither time nor effort in helping to prepare this paper.STATISTICS are comparatively dull and, to many people, coal statistics are duller than most. Coal is, however, the one basic mineral upon which our whole way of life depends and it may be well if attention is drawn to this fact by an occasional statistical review of the coal position in Canada. The recent furore over the oil and gas discoveries has so obscured the basic position of coal in many minds that a little basic coal information may be useful. It is for this reason that, for the third successive year, a factual survey of the coal position is being presented.In the previous papers (1) explanations have been given of the basic considerations in the preparation of these reports and some special phases of the overall picture have been examined. For these explanations, the earlier papers may be consulted."

Jan 1, 1952

By Paul E. Lamoureux

Introduction The Author As the pail of smoke and wartime destruction gradually rises from the surface of the earth, from all countries, statesmen assemble to discuss and prepare pacts and treaties which are designed to, once more, bring people of all nations to understand each other and live in harmony. Scientists and engineers throughout the world are also undergoing a drastic reconversion in their ideas and objectives. No longer do they think only in terms of destruction and twist their brains to develop more devastating weapons or to surpass production records of war machinery. They have turned their eyes and ambitions to more pleasant tasks and are taking stock of wartime developments in materials, fabricating procedures, and equipment, many of which had been carefully shrouded with a veil of secrecy, and are applying their new knowledge to the fabrication or improvement of the tools of peace. The next few years will see the gradual elimination of scores of substitutes and makeshifts, expedients which the constantly changing law of supply and demand' under wartime stress necessitated. The universal search for satisfactory substitutes, however, has resulted in a general awakening of plant engineers to the possibilities of materials with which they were relatively inexperienced, with the result that, in many instances, what was considered a substitution at the outset turned out to be more satisfactory than the original material, and, in reality, can be considered a worthwhile development. Not only have materials been explored, but existing fabricating processes have been reviewed, and others, built around the properties and characteristics of new materials, created.

Jan 1, 1947

By K. Lambrych

Hydrometallurgical equipment used to extract and refine copper and other metals is exposed to extremely corrosive chemical environments. These systems must be fabricated from materials that are durable against corrosion, meet exacting mechanical requirements, and perform economically over the life of the mineral processing plant. In several recent large hydromet projects, fiber reinforced plastic (FRP) has been shown to provide equal if not superior durability relative to alternative materials of construction. This paper will compare corrosion performance and cost of plant equipment fabricated with corrosion resistant alloys, rubber lined steel, and FRP made with Epoxy Vinyl Ester thermoset resins. Case histories for FRP piping, storage tanks, extraction vessels, and electrowinning cells combined with laboratory-based corrosion studies will be reviewed to demonstrate how FRP materials are selected for hydrometallurgical equipment. Specific examples from projects such as El Boleo, Long Harbour and others will be used to demonstrate how the versatility of FRP allows for remote fabrication of durable corrosion-resistant large-scale equipment for hydrometallurgical refinement of copper and other metals. INTRODUCTION Fiber reinforced plastic (FRP) began to emerge as a material of construction for corrosion service in many industrial processes in the late 1950s because of its ease of use and overall performance. Corrosion resistant (CR) FRP, as an alternative construction material to alloys, rubber and tile linings, grew steadily in following decades. The aggressive operating conditions associated with hydrometallurgical processes typically require materials of construction that can withstand acids and acid chlorides at temperatures up to 90°C, sometimes higher. Common metallic materials of construction, such as carbon steel, are not compatible with these conditions. High nickel alloys are capable of meeting performance requirements, but often at a high cost. In many cases FRP mining equipment based on epoxy vinyl ester resin (EVER) offers durability, long service life and lower maintenance costs. Through demonstrated performance and decades of case histories, more and more design engineers are confidently specifying FRP as the material of construction for new mineral processing equipment.

Jan 1, 2019

By J. Makgatho, P. Condori, J. Winnett, Fischerm D.

"Palabora Mining Copper (PMC) has two autogenous mills that have been in operation since 1976. The mills were originally designed to treat 30 000 t/d of open cast copper ore in a closed circuit with cyclones. As the ore body went deeper the open cast method of mining was changed to block caving, a consequence of this was the dolerite content (hardest barren material) increased significantly, increasing the production rate of pebbles and thus reducing the milling capacity. In order to cope with the increased ore hardness and to increase mill capacity, a second ball milling stage and pebble crushing were incorporated to the circuit. The above actions created new challenges to the circuit operation and bottlenecks in different areas of the milling circuit.This paper reports the holistic work performed on the Palabora autogenous milling circuit including the implementation of a mill constraint control scheme, the implementation of a pebble removal system from the circuit and a new circuit configuration."

Jan 1, 2012

By G. A. Fenton, A. Vervoort, M. Alvarez Grima

"High-risk underwater mining operations necessitate characterizing spatial heterogeneity and resource uncertainty. Local average subdivision is a method of simulating spatial deposit variability inside a cell through a sequence of discretization stages, during which a cell is further subdivided into four or eight cells. New developments are presented to validate simulated deposit models and deal with point measurements of geotechnical and ore-grade properties. This paper illustrates the relevance of translating spatial deposit variability into financial or operational performance indicators during underwater resource exploitation. Two synthetic case studies highlight the challenges of underwater mining in relation to production plans and equipment selection.RÉSUMÉ Les opérations d’extraction minière subaquatique à risque élevé exigent une caractérisation de l’hétérogénéité spatiale et de l’incertitude de la ressource. La moyenne locale de subdivision est une méthode de simuler la variabilité spatiale du gisement dans une cellule par une séquence d’étapes de discrétisation durant lesquelles une cellule est subdivisée en quatre ou huit cellules. De nouveaux développements sont présentés afin de valider les modèles de simulation des gisements et de traiter des mesures ponctuelles des propriétés géotechniques et de teneur du minerai. Le présent article illustre la pertinence de traduire la variabilité spatiale du gisement en indicateurs de rendement financier ou opérationnel durant l’exploitation subaquatique de la ressource. Deux cas synthétiques soulignent les défis de l’exploitation minière subaquatique par rapport aux plans de production et de choix des équipements."

Jan 1, 2015

By B. F. Giyani, D. Rahal

"Stirred media mills have proved to be more energy-efficient than the conventional ball milling for fine grinding applications. The mill performance is governed by a number of operating variables including mill stirrer speed, feed particle size, solids content and slurry rheology. A study was conducted to assess effects of mill speed, media size and density, and slurry density on the Stress Intensity (SI) in a VXPmill and thereby the relationship to mill performance. For the mill speeds tested, it was found that the optimum tip speed is 7 m/s. If the speed is too high (12 m/s) energy losses result due to mechanical friction losses and heat generation. If the speed is too low (3 m/s), the kinetic energy is not sufficient to promote breakage. The size reduction ratio increases with the increase in mill speed and the decrease in solids content especially in the coarse fraction particle sizes. The effect of slurry rheology on mill performance was shown by assessing the effects of increasing solids concentration and decreasing particle size. Rheological effects seemed to interact with mill speed such that the mill was less energy-efficient at higher solids content and at higher mill speeds particularly for grinding to fine particle sizes. There is an opti"

Jan 1, 2017

By P. R. Clark, M. D. Gleghorn

"IntroductionAt TransAlta Utilities Corporation's Highvale Mine, located west of Edmonton, Alberta (Fig. I and 2), dragline stripping has proved to be a practical and economical method of overburden removal and future plans have been based upon the continued use of draglines (Fig. 3) as the major stripping equipment (Williams, 1979, Nikols et al., 1986). However, long range planning has shown that the capacity of draglines alone will be exceeded in the early 1990s as mining progresses into deeper overburden cover (Tapics, 1983). Strip ratios will increase from I.3 bank m!/ t of coal in 1985to 4.5 bank m3 / t in 1995. During this period the depth of overburden will increase substantially and the areas to be mined will be characterized by weak soils including glacially displaced overburden. This increased overburden depth in relatively weak soils will make it impractical to _continue side casting by draglines without prestripping in advance. In 1983, a major investigation was initiated to determine what additional overburden removal equipment was appropriate to the Highvale operations, and recognizing the long delivery times of this major equipment. when it would be required. This paper describes studies and tests which were undertaken in 1983 and 1984 to select prestripping methods and equipment for the future operation of the mine.Previous planning studies have shown that with the current burn schedule and with the economies of progressing from low cover to high cover, as has been practiced in the past, overburden volumes will exceed the capacity of the existing draglines in the early 1990s (Fig. 4). These previous studies had placed reliance on (I tandem dragline operation for future overburden removal requirements up to a depth of 45 m throughout the Highvale Mine. New drilling together with the associated geotechnical studies and some detailed planning on the practicality of using tandem draglines, created concerns about their universal application. Even without considering geotechnical conditions there was a depth limitation to tandem dragJines and substantial prestripping would be required to achieve the ultimate depths."

Jan 1, 1987

By O. J. Restrepo-Baena, L. Rojas-Mendoza

Gold losses must be controlled during extracting processes, especially during cyanidation. Otherwise recovery decreases and therefore the profitability of projects too. One of the phenomena that generate such losses is known as preg-robbing which occurs when some mineral constituent adsorbs aurocyanide complex from a cyanide solution. There are some laboratory methods to identify potential preg-robbing in gold ores, highlighting the PRP method, the BGMI test, and cyanidation tests by conventional agitation without activated carbon (BRP) and with activated carbon (CIL). For this study we performed an initial characterization of a sample from Antioquia - Colombia and then we carried out the methods described above in order to identify the presence of carbonaceous matter. We obtained a percentage of preg-robbing of 78.7% by applying the BGMI test; the preg-robbing potential by the PRP method was 97.9% with an extraction of 0.77% and an inferred recovery of 36.6% if preg-robbing did not occur. Finally we obtained under the BRT test a recovery of 0%, while for CIL test an extraction of 33.6% what confirmed the presence of preg-robbers agents in the gold ore. We conducted all tests in the Institute of Minerals - CIMEX at Universidad Nacional de Colombia - Medellin.

Jan 1, 2014

During the past 10 years, research work to improve the survey of stope limits after mining supplied useful information, particularly for large open and sub-level stopes, regarding waste dilution caused by differences between final production limits and planned stope limits. However, the efficiency of this information to improve the overall efficiency of the mining process is limited, given that the impacts of inaccurate ore limits leading to dilution (sensu stricto) and ore losses haw not been considered adequately. Geological/sampling information should be optimized in terms of quantity and/or quality for the deposit characteristics and the constraints of the mining method used. As industry practice regarding the definition and recording of dilution is flexible and as ore losses frequently am poorly doc-umented, the use of these terms is reviewed. Simulations were carried out on two typical narrow gold deposits, based on an earlier study at Inco's Thompson mine regarding the impacts of wide to narrow delineation grids using recorded variations of vein geometry. Vertical to sub-vertical deposits of 3 m and 6 m widths mined by long-hole open stopes were considered. Deposits delineated by 7.5 m (25 ft) grids were taken as a base case and the impacts of less accurate limits in conjunction with long hole mining based only on a 15 m (50 ft) delin¬eation grid. The impacts of overestimation (dilution) and underestimation (metal losses) were considered separately, using the average error of +/-0.62 m recorded in the Inco study. The impact of less accurate information was much stronger on the narrower deposit: both dilution and ore losses diminished the net present value of the 3 m wide deposit by 39.27% and 45.41%, respectively, and that of the 6 m wide deposit by 12.84% and 11.55%. As the impacts of ore loss and those of dilution on the net present value am almost identical in these simulations, we could, in practice, assume a 50/50 split between dilution and ore losses in such a case. These results do no take into account the effects of local optimization measures taken at the mine production level (blasthole sampling near stope limits, etc.) The potential impacts of geological and sampling uncertainties in terms of lower NPV justify and require more systematic efforts to ensure that deposit appraisal work and feasibility studies are adequate to optimize company revenue and competitive returns to investors from mine production activities.

Jan 1, 2005

By L. Furtenbach, T. Möller

"Grinding mills are the heart of the mineral processing plant, and are production-critical machines which are required to achieve high availability. Liner wear life and a liner design that promotes ease of installation are important variables to achieve a high level of mill availability. Increased mill size results in more mill internal surface to protect, and more liner components to install and remove. This drives designers toward an increase in liner size to minimize the number of components to be installed by the liner handler. The liner attachment method can also have a large impact on mill availability as well as safety during installation.This paper outlines the experience from the development, installation and follow-up of liners installed in two 38' x 45' AG Mills at Boliden Aitik in Sweden. A new Poly-Met shell liner concept has been developed to minimize the number of liner components. The new Poly-Met shell liner components are made much larger than conventional Poly-Met or steel liners. This reduces the number of components to be installed/removed by the liner handler and helps to minimize installation time and consequently down- time. A new attachment system has also been developed to eliminate the need for the installation crew to be in the “drop-zone” of the shell liners while installing the liner bolts.One interesting aspect of this project was the requirement to predict liner life for these new large format AG mills. The existing 22' diameter mills at Aitik provided a base-line reference for this purpose, and DEM studies were used in the project development stage to predict the wear life of shell liners for the new 38' diameter AG mills. The results from this study are included."

Jan 1, 2012

By Tyler J. Irving

"In June, 2018 Lalor Mine experienced a catastrophic blade failure of its No. 2 main exhaust fan. Over the following weeks several key changes were made to the auxiliary ventilation system to allow for continued production while the exhaust fans were repaired. Issues encountered during the period of reduced ventilation, and how they were addressed, are analyzed. The suspected causes of the exhaust fan blade failure and how risk was mitigated during the reconstruction are discussed. Key findings and lessons learned are summarized.INTRODUCTIONLalor Mine, owned and operated by Hudbay is an underground zinc, gold, and copper mine located in northern Manitoba. The mine workings extend to a depth of 1090 metres below surface and is ventilated using a push-pull system. The mine exhausts through the main exhaust raise; equipped with two, 2,500 HP fans and upcasts through a portal located at the neighboring mine, Chisel North. Air is supplied to Lalor Mine through four intake fans: The Production Shaft Downcast (two, 250 HP), Lalor Downcast (one, 400 HP), and Chisel Downcast (one, 600 HP) fans (Figure 1). In June 2018, Lalor was scheduled to produce approximately 4,000 tpd.On June 20, 2018 at 2:52 pm Lalor Mine experienced a fault on the Variable Frequency Drive (VFD) for Exhaust Fan No. 1. Time would be needed to complete the necessary repairs. The No. 2 exhaust fan was ramped up from 525 rpm to 800 rpm, 90% of its capacity, in order to maintain underground ventilation. At 4:46 pm, approximately two hours after the rpm was increased, exhaust fan No. 2 experienced a catastrophic blade failure. The forces from the blade failure resulted in the top half of the fan housing being thrown 50 metres from where it was installed; with several large sections of fan blade being thrown further (Figure 2)."

Jan 1, 2019

By Ryan W. Siggelkow

Mines today use various methods of mining to extract ore. Because of the dangerous nature of many of these processes, remotely controlled LHD machines are being used to extract the ore from the draw point. The remote control system, although being made safer all the time, has remained virtually unchanged for many years. The basic functionality is an operator switching the machine to remote control, getting out of the cab, walking up a stand, operating remotely, returning to the cab, switching to manual, driving manually, switching to remote, and switching to manual. It seems repetitive, and time consuming, does it not? Networking, convergence, video, voice, and data infrastructures, and other technologies are growing by leaps and bounds in virtually every industry and region, except for mining. From the comfort of the living room couch, a Canadian can play hockey online with full voice conversations over the Internet with someone in Russia in real time. Yet, a mine superintendent must jump through hoops to have a private conversation with the front line supervisor underground. "Is Joe around anywhere?" If Joe hears the message, he will respond. If not, who knows? Maybe he's hurt. Maybe he's not. Where is Joe? Nobody really knows, and that is scary. Today, surface knows that the workers disappeared into the cage at 7:00 a.m. They also know that the workers will probably and hopefully return at 3:00 p.m. Is there not a better way to handle this? With such a complex industry, it seems as if, for the most part, the introduction of new technology into mining has either been overlooked or has been met with some resistance. It is time to step back, look at the process, and see how it can be improved. Key areas of focus will be safety, productivity, dependability, and cost-effectiveness.

Oct 1, 2010

By T. W. Wlodek

Abstract A simplified method of fatigue testing full-dimension, as-rolled, non-machined, mining drill rods is very desirable to the mining and steel industries in the classification of steels available on the market, through the evaluation of their fatigue limits and endurance strength. In this paper one such simplified method is presented and analysed. The preliminary results show many advantages of this method, such as simplicity and constancy of loading. The type of loading applied more or less simulates the working conditions of the outside fibres of the mining drill rods. Additional advantages of this method are the possibility of testing under dry and wet conditions, its quietness, and its ease of operation. Specially designed adaptors and specially applied techniques of fixing and preparation of samples make possible the breaking of a quarter-octagon hollow drill rod in a free length of uniform section in a rotating beam machine. At first glance this seems to be difficult to achieve. In the first preliminary test three different lots of steel were used. S-N curves under dry conditions were determined. These curves permit of the classification of the drill rods on the basis of the fatigue limit and endurance strength of the outside fibres of the metal, which is dependent to a greater or lesser extent on the effect of surface decarburization, surface imperfections, and special surface treatments. The average slope of the S.N curve in the damaging zone, and the fatigue limit in equal tension-compression rotating bending, were determined for SAE 1080, chromium-molybdenum and nickel-chromium-molybdenum mining drill rods. INTRODUCTION The fatigue limit and the endurance strength of mining drill rod steels are of interest to both the mining and the steel industries. These industries are greatly interested in lowering the cost of mining by reducing the consumption of these steels per ton of ore exploited.

Jan 1, 1951

By K. Kryst, K. Elkayar

The increasing need to process lower grade contaminated copper concentrates and simultaneously produce higher purity copper cathodes necessitates a more diligent control in the electrorefining process. Ion exchange processes can be a powerful tool in controlling electrolyte impurities to ensure trouble free operation within the tankhouse and to help maintain cathode purity. In addition, some impurities can be recovered as a value added product. The use of a short bed ion exchange process provides a unique opportunity for impurity management in copper refineries. Several metals are discussed in this paper, including Sb, Bi, As and Ni and their methods of control and recovery within the copper electrolyte circuit. INTRODUCTION To produce a high purity copper product by electro-refining a copper electrolyte, it is important to control the concentration of impurities such as arsenic (As), bismuth (Bi), antimony (Sb), and nickel (Ni). These impurities are introduced into the electrolyte from the copper anode and can affect the copper product and the production operation. The presence of As in the copper product results in a lower electric conductivity and reduced workability of the copper. High levels of Bi in the electrolyte will result in a copper cathode product containing Bi. High Sb concentration will cause undesired floating slimes. A variety of methods have been developed to control the level of these impurities in the copper electrolyte including precipitation, liquid extraction, and ion exchange. These impurities can be recovered and used. This paper discusses novel methods that utilize short bed ion exchange technology to control these impurities. Also, the use of ion exchange to recover acid from the liberator cells bleed for reuse in the tankhouse is reviewed. SHORT BED ION EXCHANGE Short bed ion exchange technology has been employed extensively in the metal finishing industries for over forty years. Unlike conventional ion exchange, short beds are fixed beds without freeboard space. The application of short bed technology results in significant benefits when compared to conventional ion exchange. The resin used in this technology has a significantly smaller diameter than conventional ion exchange resin. As a result of the smaller resin size, exchange kinetics improves dramatically. This facilitates operation at higher flow rates and the use of smaller beds with a small mass transfer zone length. Smaller beds are especially important for applications that use chelating resins due to the high cost of the resin.

Jan 1, 2019

By K. Mayhew, K. Murray

The CESL Copper Process was developed as a hydrometallurgical alternative to smelting and refining for copper sulphide concentrates. As the majority of such concentrates contain appreciable gold and silver values, effective recovery of these metals is essential to the economics of this technology. Unfortunately, conventional cyanide processing cannot be used on the residue from the copper process, clue to its unusual characteristics when compared with naturally occurring gold and silver ores. An abundance of elemental sulphur, as well as the presence of cyanide soluble copper, leads to the formation of both thiocyanate and copper cyanide which is detrimental to process economics clue to excessive cyanide consumption. This, however, can be reduced to acceptable levels by process innovations such as pressure cyanidation and cyanide recovery. This paper outlines the successful application of the CESL Gold Process to various gold-bearing copper concentrates from bench to demonstration scale.

Jan 1, 2011

By G. E. Norman, R. E. Michelutti

"One of the major objectives of Falconbridge has been and continues to be, to minimize the impact of its operations on the environment around its Sudbury operations.The approach to achieving this objective and the results, are discussed under the following topics .I . Sulphur Dioxide Emission Improvements.2. Effluent Treatment Improvements .3. Effect of the Envrionmental Improvements.Sulphur Dioxide Emission ImprovementsHistoryThe rejection of pyrrhotite in the concentrators is one method of reducing the amount of sulphur to the smelter and therefore the sulphur dioxide emissions. In the 1950s and 1960s, Falconbridge developed the capability to remove 54% of this pyrrhotite. Numerous attempts were made to increase this amount by treating the pyrrhotite for recovery of nickel and in some cases elemental sulphur. Processes tested and operated were: hydrometallurgical pilot plant, roast-leach commercial operation and nickel-iron refinery. None of these processes proved to be commerically successful for both technical and economic reasons. Falconbridge therefore redirected its efforts to reducing sulphur emissions by improving its smelting process under The Smelter Environmental Improvement Project. A major component of this project was the installation of a sulphuric acid plant to recover the S02 in the roaster off-gases."

Jan 1, 1984

By William E. Roscoe

"Non-producing mineral properties include those at various stages of exploration, properties at the pre-feasibility or feasibility stage, properties with currently uneconomic mineral resources, and past-producers. The market approach is applicable to all these types of non-producing mineral properties. Income approach methods such as discounted cash flow and option pricing are generally not applicable to properties at the exploration stage, but may be applicable to non-producing mineral properties with defined mineral reserves or mineral resources.The value of a non-producing mineral property depends on its perceived potential for the existence and discovery of an economic mineral deposit. The potential, in turn, depends on a number of factors which must be considered when choosing market comparables. These comparability factors include such items as geology, mineralization, stage of exploration and results, mineral resources, location and geography, and political jurisdiction. The date of the market comparables must be within a reasonable time period of the valuation date of the subject property. Although it is difficult to find good market comparables because of the unique nature of mineral properties and the small number of transactions, these difficulties are compensated for by analyzing a number of transactions on similar properties to develop a range of values for the subject property.For valuation purposes, market comparables can be expressed in terms of total property value, value per unit area (e.g., $ per hectare), or value per unit of metal contained in mineral resources (e.g., $ per ounce of gold, or $ per pound of copper). The market comparable value can be used to estimate the value of the subject property by using the total property value, unit area value or contained metal value."

Jan 1, 2003