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By K-A. Adamson

If fuel cells and hydrogen are to become a mass market reality a substantial amount of further research and development needs to be undertaken. Work in hydrogen storage, production, the economics of all aspects of fuel cells and hydrogen, materials balances, and product integration are just a few of the areas that are under focus. Setting R&D targets, and providing R&D funding are therefore areas that are central to the long term development of the market, and areas in which a number of governments worldwide are highly active. Some governments, such as Japan and Korea, have set a number of very ambitious, highly focused, long term targets and are backing this up with substantial funding, others such as the EU are working on a more integrated approach, wrapping some fairly fundamental R&D into large integrated projects which run in combination with a number of other market aspects, such as public acceptance and roadmapping. The US is slightly different, in that although is has a number of long term programmes and targets, FreedomCar and SuperGen being just two, the levels of funding are set annually with the passing of each years Fiscal Budget. This paper takes three high profile regions and analyses the R&D targets and funding levels for fuel cells and hydrogen. Criteria that will be looked at include: Time frame of target(s), level of ambition, funding issues, including: Funding windows, levels available, funding barriers, overall programme goals. The added value to this paper is that it will provide a clearer picture of where each region is heading, what are its strengths and weaknesses, in terms of R&D and where there may be areas for potential international collaboration.

Jan 1, 2005

By N. V. Mel'nikov

This paper discusses the reserves of oil, natural gas and coal in the USSR, with particular attention to the future role to be played by coal in supplying the energy fuel resources of the country.

Jan 1, 1972

By Kristopher John Shelswell

The work in this paper describes the theory, development and analysis of a computer model simulating a mine operation moving material using concurrent decline ramp truck haulage and skipping practices. This simulation was designed specifically to assess the performance of the truck haulage component and to expand on the scope and capabilities of traditional TKM fleet calculations. Haulage fleet simulation results were similar to TKM calculations for the lower to moderate production rate cases. However, comparisons of ramp-up and high production rate scenarios indicated that the simulation model was significantly more sensitive to operating practices and factors not accounted for by calculations derived when using a single TKM figure. Given the proper calibration of inputs and logic, the simulation model was additionally capable of providing information associated with general mine operations efficiency. Further benefits of the simulation model over a TKM approach included logistical assessments such as production schedule feasibility, productivity trade-off quantifications for proposed operating practices, and the validation of mine resource utilization scheduling. The simulation model was able to expand on traditional methods to approach planning and logistics by considering factors such as truck queuing, real-time traffic interactions, random events, and competition for resources on mine productivity.

May 1, 2013

By M. Kuyumcu

After German reunification the mining industry in former East Germany was profoundly restructured. Beside privatization of profitable companies the public sector took over responsibility for the mining operations to be shut down. Therefore state-owned companies cope with technical, ecological, and social challenges. The rehabilitation and reclamation has to rededicate former mining areas to new use and provided new jobs as well. In the lignite mining districts there are around 100,000 ha of mining area, a mining caused disturbance to the groundwater balance and to the system of surface water bodies of approx. 390,000 ha. They are called the largest landscape construction site in Europe. In addition to the results and diverse experience achieved over the past 23 years, a description will follow of our new challenges and of an outlook on remaining tasks. This article will describe the financing, as well as aspects of the jobcreation policy arising from lignite industry remediation.

Aug 1, 2013

By G Anders

The mucking out of sub-level headings by slusher and by Autoloader is described, and the performance and costs of both methods are compared. The introduction of the Autoloader is taken as an example to illustrate the meth-od used at the mine for evaluating the suitability of new equipment. The consecutive steps in the process are covered in detail -from the preliminary cost analysis and the preliminary estimate of savings and advantages, and the review of these data after a field investigation, through the elimination of dubious factors, and detailed time and performance studies at the property, to the final assessment of the new equipment and an evaluation of the initial forecast. The Autoloader in Operation. 1198 Introduction AT Mattagami Lake Mines Ltd., the mine workings are laid out basically on a pattern of 60-ft.-wide stapes alternating with 60-ft.-wide pillars, with stope lengths varying from 80 to 200 ft. and stope tonnages generally between 80,000 and 200,000 tons. Stapes are drilled off from sub-levels at 60-ft. intervals, with the

Jan 1, 1965

By L. Bos

The availability and reliability of large grinding mills and their Gearless Mill Drives (GMDs) are of paramount importance for the grinding process. Although GMDs have been in service for decades, and are known for their operational efficiency (reliability and robustness with reduced operating cost per ton), compared to conventional drives, in the last decade due to certain reasons some failures led to serious unscheduled shutdowns and significant insurance events. The majority of these notable "insured" failures have happened on GMDs installed on relatively large mills, as the financial impact of a failure is proportional to the through-put of the mill. Despite the occurrences of these events, as mining operations are driven by lower ore grades and the ability to continue reducing operating costs per ton, the trend for having larger mills is still very present and there is no reason why this trend should not continue. It is obvious that if not handled correctly, the possibility of large value GMD loss events, coupled with the continuing increase in mill size or required availability and reliability targets, could potentially lead to major conflicts as it becomes difficult for the insurance companies to judge the risk and hence may result in hesitation to insure these grinding circuits. This paper will not only describe the conflicting situation from both an insurer's perspective and from an equipment supplier's perspective, but also how these conflicting challenges can be successfully mastered. It has to be noted that not only the mining companies themselves, but also their insurance companies and the involved equipment suppliers have a common interest: to reach the highest availability and reliability in order to avoid or at least minimize unscheduled shut down times, and most importantly prevent unplanned events that result in extended production stoppages or reductions in through-put of GMD driven mills. From the very beginning onwards, the complete service concept together with emergency plans must be integrated on every level in the design of the grinding circuit. This approach must be implemented continuously and without compromises by all involved parties during all following stages, such as basic design, detail design, manufacturing, quality inspection and testing, packing, transportation, storage, installation, commissioning, operation and maintenance. The concept of formal risk analysis related to mill operations, maintenance and spare parts strategies must be an integral part of mining companies? decisions related to the selection for installation and continued use of large mills powered by GMDs. The service concept in place for operating mills shall also have a clear focus on very early detection of any abnormalities, so that the risk can be mitigated and unscheduled shutdown times avoided. However, if a major failure occurs, then procedures and tools shall already be available in order to ensure that production impact is minimized.

Jan 1, 2012

By W. N. Hamilton

As a result of a test-drilling program conducted by the Research Council of Alberta in 1968, a gypsum deposit averaging 30 feet in thickness, with a chemical purity of 84 per cent gypsum, has been proven to underlie the Clearwater River valley for a distance of 18 miles at depths ranging from near-surface to 300 feet. This and other subsurface deposits in the vicinity of Fort McMurray, Alberta are the product of local hydration of anhydrite beds believed to be the water-insoluble remains of the leached Prairie Evaporite formation of Middle Devonian age, the thick salt section of which is preserved down dip. The effects of salt solution are seen in the disturbed bedding and the intermixture of greyish green shale with gypsum in the core, the shale content being responsible for the rather low chemical purity of the deposit. A similar gypsum deposit, but probably of higher purity, is postulated to occur beneath the Athabasca River valley about 60 miles north of Fort McMurray.

Jan 1, 1969

During the past decade, the miner-al industries have been faced with an increasing shortage of engineers. The point has now been reached where the shortage may be termed critical. This shortage may be attributed directly to declining enrollment in the mineral science programs offered by the universities on this continent. Although the reasons for declining enrollment are undoubtedly many, two major hypotheses may be postulated. The first is that high-school graduates are either unaware of the mineral industries and the opportunities in them or that they are aware of them but have somehow obtained a false image of their true nature. The second is that they are aware of the true nature of these industries and the opportunities they offer but find them exceedingly unattractive. The problem of dwindling enrollments has, in recent years, been subjected to a concerted attack by the industries and professions concerned. However, their efforts to date have been based essentially on the first hypothesis. Sufficient results are now available to suggest that either the methods of attack are inappropriate

Jan 1, 1965

By G. Reuben Yourt

IN 1935, Wright-Hargreaves Mines, Limited, initiated an enlarged programme of ventilation. In the mine, surveys were made from time to time by the geological staff, and improvements in ventilation were effected to accord with progress in mining as greater depth was attained. In the summer of 1938 an engineer was trained in the technique of dust sampling. Instruments and equipment for this purpose, such as konimeter, microscope, furnace, etc., were purchased, and a suitable office, equipped with laboratory facilities, was provided. The full time of the engineer is devoted to ventilation and dust control. On surface, in the mill crushing-plant and in the assay office and sample crushing room, an elaborate arrangement of hoods and exhaust systems has been installed to eliminate the dust. These installations, however, are not described in the present paper, which deals only with an extensive programme of underground ventilation as a method of coping with high dust concentrations, increasing temperatures and high humilities.

Jan 1, 1940

By Q. Li

"The precursor of In2O3 was prepared by hydrolysis precipitation/hydrothermal method using In(NO3)3 solution as the feed material and ammonium hydroxide as the neutralizing agent. The crystallinity, morphology and particle size of the products were characterized by SEM, XRD, BET and LPSA. The results showed that the hydrolysis product consists of an aggregate of cubic In(OH)3 particles with a short rod morphology. In the hydrothermal process, the structure, morphology and size of the particles changes through the mechanisms of Ostwald ripening and phase transition, respectively. When the hydrothermal temperature was less than 280 ?, the Ostwald ripening process took place, which changed the morphology of the particles from short rods to cuboids through dissolution-recrystallization. When the hydrothermal temperature was higher than 280 ?, the processes of Ostwald ripening and phase transition took place successively. Firstly, the morphology of the particles changed from short rods to cuboids through Ostwald ripening, and then, the phase transition from cubic In(OH)3 to orthorhombic InOOH occurred and the morphology of the particles changed from cuboids to polyhedron. INTRODUCTIONDue to its excellent electrical conductivity and optical transparency, indium tin oxide (ITO) film has been wildly used in flat-panel display, solar cell, antistatic coating and EMI shielding (Medvedovski et al., 2008). Indium oxide powder is one of the fundamental materials for preparing ITO film. Along with the development of ITO targets of both high density and large size, high quality indium oxide powders, such as single phase, nano-size, spherical morphology and mono-disperse, have been in high demand (Nakashima and Kumahara, 2002; Betz et al., 2006; Kim et al., 2007). The main preparation methods for indium tin oxide or indium oxide powders include chemical precipitation (Nam et al., 2001; Xu and Yu, 2007), melt atomizing-combustion (Chen et al., 2000) and spray pyrolysis (Ogi et al., 2009). Among them, chemical precipitation has been preferred, since it is simple, easy to control and suitable for industrial scale-up. In chemical precipitation method, indium oxide powders were prepared through the following steps: firstly, indium hydrate precursor was precipitated from an indium salt solution by neutralization using an alkali, such as ammonia; and then, indium oxide (In2O3) powders can be obtained from the precursor through calcination (Li et al., 2006), or solvothermal method (Lee and Choi, 2005), or hydrothermal processing/roasting (Xu et al., 2005; Chen and Li, 2007), respectively. However, the indium oxide powders obtained by direct roasting are polycrystalline, dispersable with a wide size distribution (Liao, 2006). The disadvantages of the solvothermal method are high cost, complicated after-treatment processes, as well as bad performances of the powders (Udawatte and Yanagisawa, 2000). Therefore, among three methods of obtaining indium oxide from the hydrolysis precursor, the hydrothermal process/roasting method is the most feasible to synthesize high quality In2O3 powder with uniform crystallinity and size (Kim et al., 2002; Zhu et al., 2004; Xu et al., 2005; Xu et al., 2005; Chen and Li, 2007; Seetha et al., 2009). However, current research on hydrothermal process-roasting method has been limited to the synthesis of a certain ITO or In2O3 powders under specific conditions. A systematic study on the phase transition, as well as the change of the morphology and size of the particles in the hydrothermal process is still missing. In this paper, the effects of hydrothermal processing on the mineralogy, morphology and size of products were investigated. The results showed that the evolution of crystal structure, morphology and size in the hydrothermal process was affected through the mechanisms of Ostwald ripening and phase transition successively. These results are novel and have guidance for improving the hydrothermal process for In2O3"

Jan 1, 2012

By R. S. Douglas

Introduction During the past few years, a number of changes in the mine operations at Copper Mountain have taken place. The modernization and mechanization were necessitated and given impetus by wartime and other conditions, which were: (1) The urgent need for copper for wartime purposes. (2) The scarcity of skilled labour for underground work. (3) The increase in labour and supplies cost. (4) The necessity of finding ways and means of increasing the output per man-shift, because of the scarcity of skilled labour and the rising cost of labour. (5) The desire to increase safety measures, reduce the silicosis hazard, and aid mine ventilation. (6) The desire to improve the general working conditions in the mine for all workmen. (7) The desire to reduce the amount of dilution in the ore stream by a more selective yet highly productive method of mining. To this end, mining with diamond drills, and transferring broken ore with slusher hoists, appeared to be the answer to the problem. After considerable discussion and estimation of costs for comparison with those of the operation as carried on at that time, the proposed methods were tried out and, in practice, gave very gratifying results. Reference at this point is made to the paper written by C. H. Brehaut, W. N. Taylor, H. A. Shannon, and R. S. Douglas, which was published in the September, 1945, issue of Mining Technology, by the American Institute of Mining and Metallurgical Engineers, Inc., and subsequently in commercial mining journals. Since that time some improvements have been made in undercutting an orebody - the first through experiment and practice, the second through making use of the earth's barodynamic or gravitational forces. It is the purpose of this paper to describe and discuss these later developments.

Jan 1, 1947

By S. P. Lowe

Introduction In the following pages a general description is presented of the concentrator and cyanide plant of the Hudson Bay Mining and Smelting Company, Limited, at Flin Flon, Manitoba, together with some account of the steps which have led to the adoption of the present practice. For an account of the preliminary test-work and pilot-mill operation, the reader is referred to a recent paper by R. E. Phelan on the History of Flin Flon Mine up to Construction (1). Additional notes may be found in a paper which the writer presented at the Annual Meeting of the Institute in 1930 (2). The first ore was crushed in the present plant on July 1st, 1930, and the first ball-mill was started one month later, on August 1st. Since that time, production has been continuous with the exception of one month lost during a strike in the summer of 1934. There have been no major changes in equipment or methods of treatment since the present plant was built, but many minor changes have contributed to the improvement in results obtained and to the increase in capacity to the large tonnage now being milled. The accompanying flow-sheets indicate the equipment used in the several plants, with the average life and repair cost. As originally built, the concentrator was to treat 3,000 tons per day, but the capacity has been increased to 4,400 tons. The methods adopted to make possible this increase in tonnage will be referred to below. It was the intention to produce two classes of ore: (1) a heavy sulphide, and (2) a disseminated ore. The mill was consequently divided into two sections, each adapted for most efficient treatment of one particular type of ore. However, it was soon found that it would be impossible to mine the two classes of ore separately, so it was decided to treat open-pit ore, which varies greatly in character, in the sulphide section, and underground ore, which is fairly constant, in the disseminated section. This segregation is still maintained.

Jan 1, 1935

By Adrian Dance

The Antamina orebody is a geologically complex, polymetallic skarn located in the Peruvian Andes. A range of copper and copper-zinc ores are campaigned separately through the concentrator producing copper and zinc concentrates as well as lead and molybdenum by-products. Ore type classification at Antamina is based on chemical assays; geological or lithological variations are not considered. Consequently, each ore type demonstrates a wide range of concentrator performance. Antamina is currently implementing a system to track ore movements from the shovel face to the concentrator. Relatively sophisticated models of the ROM and coarse ore stockpiles ahead of the mill will be used to account for the variable delay between mining and milling. One of the numerous benefits of ore tracking is the ability to directly associate the measured concentrator performance with a physical location in the orebody. Using existing mine planning software, three-dimensional models can be created of such performance measures as metal recovery, concentrate quality, operating cost and reagent consumption. Such a database of information allows the true value of different ore sources to be determined. The value of an ore source is conventionally measured as metal content (individual or combined ?equivalent?) with a cut-off grade applied to indicate some base level operating cost. However, the true value of an ore source should include dynamic factors like haulage cost, reagent use, smelter penalties and even prevailing metal prices. If an ore source is considered from all perspectives rather than simply its potential to deliver value, the concept of ?ore? becomes more flexible. Any ore source that reveals itself to be unprofitable can be eliminated from the mine plan or possibly blended with others to improve its value. The ability to predict mill performance ? and thereby profitability ? is a powerful tool. In an operation such as Antamina, where managing ore sources, campaigns and the delivery of a variety of concentrates in a narrow timeline to customers is a daily challenge, prediction is the key to success and improved efficiency.

May 1, 2003

By M. B. McClenaghan

"Abstract- The Ontario Geological Survey completed a regional till sampling project between 1984 and 1988 in the Black River Matheson (BRiM) area of northeastern Ontario. The project was designed to aid mineral exploration in the area by documenting the Quatemary stratigraphy and by providing a database of till geochemistry. This paper summarizes the results from the sonic overburden drilling component of the BRiM project carried out in areas of thick drift (> 5 m). Results from till sampling in areas of thinner drift (<5 m) have been presented in a separate paper. Approximately 1100 till samples were collected from 225 sonic drill holes. For each sample, the non-magnetic heavy mineral (> 3.3 S.G.) and fine (-250 mesh) till fractions were analyzed geochemically and visible gold grains were recovered by panning.Gold and other multielement geochemical data were plotted using proportional symbols to high­ light anomalous areas and to demonstrate how to evaluate and interpret a very large geochemical dataset. Thresholds for identifying anomalous concentrations of Au in till samples, defined using the 95th percentile, are 1500 ppb and 12 ppb for the heavy mineral and fine fractions, respectively. The heavy mineral fraction of older tills and to a lesser extent, Matheson Till, display a number of significant gold anomalies in the study area, which in a few cases, are associated with base metal anomalies. The vertical position of gold anomalies in Matheson and older tills varies from directly on bedrock to several meters above the bedrock surface and can provide information of relative ice transport distances."

Jan 1, 1994

By G. M. Dunn

Pressure leach autoclave circuits are employed in the leaching of ores, concentrates, mattes, alloys and intermediates for the recovery of metals into solution. Once the metals are extracted into solution the value metals can be recovered by hydrometallurgical means such as by purification followed by electrowinning, hydrogen reduction, pyrohydrolysis, crystallisation and other unit operations. In many of these integrated flowsheets the pressure leach step is pivotal to the recovery of the value metals from the host material. In an expansion or a new project, a large component of the capital cost can be associated with the pressure leach step and process engineers frequently look for opportunities to mitigate costs. This paper examines a new route for increasing the capacity of an exothermic pressure oxidation leach for sulphide concentrates, sulphide and phosphide mattes and alloys.

Jan 1, 2004

By P .. H. Grimley, N. Champigny

"Fourteen companies (Appendix) representing senior mining organizations in Canada were canvassed in order to assess: (1) the current usage and trends, and (2) the usefulness of computer applications in ore reserve estimation and grade control. The results of the questionnaire suggest that:• computers are unsurprisingly, predominant in the mining industry for calculating reserves and performing grade control;• time and cost savings are realized;• computer-based approaches are applicable to underground situations;• geological information is incorporated to the computerization process; and• computer usage does not hinder the collaboration of geologist and mining engineer.A clear need is identified for case histories comparing computer-calculated ore reserves and actual production data.IntroductionAmong the management and technical staff of some mining companies there is a perception that the application of computer based technology for the estimation of ore reserves and grade control, has as many drawbacks as benefits. Some of the objections raised against the utilization of computers for ore reserve estimation are that:• computer-based reserve models work for large open pit mines but not for underground situations;• computer-generated reserves ignore the geologist&apos;s knowledge base; they are strictly a number crunching exercise; and• the use of computers for ore reserves hinders collaboration between the geologist and mining engineer.In order to determine (I) the extent of current computer usage and future trends and (2) whether the objections noted above are borne out by experience, a number of senior Canadian mining companies were canvassed.The respondents were asked to provide:• an assessment of the importance of the computer in the ore reserve estimation and grade control process;• the level of involvement of individuals and staff groups with computer-based ore reserve estimation;• the advantages perceived and realized from the utilization of computer-based ore reserve approaches;• the current and future human resources requirements for the evaluation, implementation, maintenance and development of computer-based ore reserve systems;• the hardware and software resources presently used and planned; and• the developments needed to increase the use and acceptance of computer-based ore reserves."

Jan 1, 1990

By P. D. Waters

"Mineral deposits are where you find them; they have no allegiance to territorial boundaries. Over the past decade much of the new investment in mining has been outside of continental North America, let alone Canada. The larger Canadian Banks have pursued this offshore business through their multi-national organizations; this reflects both the increasingly international orientation of today&apos;s business environment, and to a degree, the competitive advantage of these offshore developments.The current oversupply situation in mineral markets and the increasing maturity of the Developed World Economy reduces the need for new mining projects relative to growth&apos; in GNP. Those that are brought on stream in the future due to their competitive advantage, will continue to be pursued by lenders and equity investors alike. IntroductionProspects facing those who search for mineral wealth were described rather well more than 200 years ago by a Scottish professor of moral philosophy, who also happens to be the father of modern economics.In search for new mines, Adam Smith wrote in The Wealth of Nations, ""there seems to be no certain limits either to the possible success or to the possible disappointment of human industry"".How true that statement remains today, where we are seeing economic cyclical problems compounded by basic fundamental structural change within the mining industry.Despite the enormous advances in earth sciences during the past two centuries, the rewards of mineral exploration still remain uncertain. Even though a promising orebody is found, ultimate profitability may still depend on the vagaries of the marketplace, where large and unanticipated changes in supply, demand and prices can play havoc with the best of calculations.The Canadian mining industry has had its share of disappointment during the past few years, with savage competition, shrinking demand, declining prices, and disappearing profits. But it has also had some share of success, such as at Hernlo, which now seems certain to provide some of the lowest cost gold production in the world"

Jan 1, 1986

By L. D. Snyder, J. K. Russell

"The Lower Jurassic Iron Mask batholith intrudes Upper Triassic Nicola Group volcanic rocks in the Quesnellia terrane of southcentral British Columbia and hosts Cu-Au mineralization. The batholith comprises three mappable intrusive phases, including: Pothook gabbro to diorite, Cherry Creek monzodiorite to monzonite and Sugarloaf diorite. The Iron Mask hybrid forms a fourth mappable unit that makes up to 45% of the areal exposure in the batholith. It is highly variable in texture and composition and subdivided into three types; Type I and II have abundant (partially digested) xenoliths, many of which are derived from the Nicola Group, whereas Type III is xenolith-poor and shows extreme outcrop-scale textural diversity.Pothook and Cherry Creek rocks are similar in texture, mineralogy, whole rock and mineral composition and style of alteration. Contacts between the two can be intrusive or gradational. Rocks collected from these two suites have compositions that are permissive of a single magma batch, although simple crystal fractionation does not explain all chemical variations within and between the two suites. The Sugarloaf unit comprises a diverse group of amphibole-phyric rock types and is texturally and mineralogically distinct from Pothook and Cherry Creek suites.The Iron Mask hybrid represents progressive stages of physical and chemical interaction between Nicola Group country rocks and Pothook magma. Magmatic assimilation (selective or partial) is supparted on the basis of field relationships, petrographic observations, and REB compositional data. Thermal dehydration and partial assimilation of Nicola Group rocks by Pothook magma is shown to be a valid means of promoting early and extensive volatile saturation in the Iron Mask batholith."

Jan 1, 1995

By M. F. Goudge

This paper is intended to call attention to the manifold uses of limestone in industry; to indicate the types of limestone desired by some of the large consuming industries; and to give some information on the resources of limestone in Canada, so that an idea may be obtained of the present and future possibilities for limestone production. The word limestone is used in the usual broad sense to include both high-calcium limestone and the highly magnesian variety known as dolomite, as well as all intermediate types. Lime is simply calcined limestone, and in this general paper its uses have been included with those of raw limestone. It is of interest, in dealing with this subject, to glance back over the early history of the utilization of limestone, for by so doing we see that limestone has been of importance to mankind since the beginning of civilization and has contributed in no small measure to the development of a number of the arts and sciences. One of the first uses, if not the first use, of limestone was in connection with the making of lime for plastering purposes. This use antedates civilization. In the day of the ancient Greeks and Romans, the art of plastering had been brought to a state of perfection that is not nearly approached by the modern artisan.

Jan 1, 1930

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