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By J. J. Ferreira, M. L. Thurston, I. L. Chinn, D. M. Rose

"Concerns about using microdiamonds for resource estimation have been raised by workers because multiple diamond populations exist in many parts of the mantle source region, small diamonds in kimberlite could be exposed to proportionately greater levels of resorption and modification, and euhedral microdiamonds could crystallize immediately prior to kimberlite eruption. This paper addresses these concerns; discusses the geology of the mantle, the principal diamond host rocks, and the impact of mantle processes; compares micro- and macrodiamond properties and features; and outlines steps to identify and mitigate the risk of diamond resorption and its impact on the diamond grade-size relationship.RÉSUMÉ Des travailleurs se sont interrogés sur l’utilisation de microdiamants pour estimer la ressource; en effet, de multiples populations de diamants existent dans plusieurs secteurs de la région source dans le manteau. Des petits diamants dans la kimberlite pourraient être exposés à des niveaux proportionnellement supérieurs de résorption et de modification; de plus, des diamants idiomorphes pourraient cristalliser immédiatement avant l’éruption de la kimberlite. Le présent article traite de ces questions, discute de la géologie du manteau, des principales roches-mères des diamants et de l’impact des processus dans le manteau, compare les propriétés et les caractéristiques des micro- et des macrodiamants et définit les étapes pour identifier et mitiger le risque de résorption des diamants et son impact sur la relation entre la taille et la qualité des diamants."

Jan 1, 2016

By Courtney E. Cleveland

THE gold deposits of the Pioneer and Bralorne mines, in the Bridge River district of British Columbia, are closely associated with a long, narrow intrusive body of extremely variable composition, outcropping on the northeast side of Cadwallader creek and lying almost entirely within the property boundaries of the two companies. Other masses of the same type of intrusive rock are found in the district, more or less along the line of the main axis of the Pioneer-Bralorne in trusive, and have associated with them variable amounts of gold-quartz mineralization (Figure 1). The ore deposits of the district have been the subject of investigation by officers of the Geological Survey of Canada at various times during the past 25 years, and articles on the geology and mines of the district have been published by various individuals in technical journals. A list of the more important re-ports follows: SELECTED BIBLIOGRAPHY

Jan 1, 1938

By H. L. Cheng, C. H. B. Leitch, C. T. Hood, A. J. Sinclair

"Epithermal Zn-Pb-Cu-Ag-Au quartz-carbonate-barite veins at the Silver Queen mine near Owen Lake, west-central British Columbia, are hosted by Late Cretaceous Tip Top Hill andesitic volcanic rocks. The veins form a rectilinear northwest-northeast pattern that differs slightly from regional structural trends. The main northwest-trending veins are oriented very close to the trend of regional northwest faults, but the crossing veins tend to be more east-north-easterly (070 degrees)compared to a regional north-easterly trend (040 degrees). The character of the veins suggests they are extensional features formed by dextral slip related to Paleogene oblique subduction, or intrusion of magma at depth, or both.In detailed exploration at the mine, the veins cannot be modelled as simple tabular sheet-like bodies. Instead, they are complex structures that divide and rejoin, forming multiple veins or stringers, or are found in shear zones as replacement features with quartzsericite- clay-carbonate-pyrite alteration haloes of variable width that make definition of vein margins and correlation from hole to hole ambiguous. In addition, individual veins within each of the main structures have en echelon characterboth along strike and down dip.Geological and assay data must be carefully studied to define the margins of these complex veins before any estimation of ore reserves may be made. Where multiple veins occur in a section, ore/gangue mineralogy, assays, character of wallrock alteration, and thickness of vein and mineralized hangingwall, median and footwall zones must be used to evaluate continuity of mineralized structures. Well-defined sections are projected into areas of increasing complexity. Once the vein boundaries are defined, metal concentrations, important metal ratios(Au/Ag, Pb/Zn, Cu/Zn), and true thicknesses of the vein provide the basic data for reliable ore reserve estimation."

Jan 1, 1991

By Ray Mason

Marathon PGM Corporation?s PGM-Cu Project in Northwestern Ontario (Figure 1.0) serves as a case study to describe the process involved in advancing a deposit from grass roots exploration to the completion of several feasibility studies and the parallel commencement of environmental permitting. Through the following examination of historical exploration activities, it is clear that these activities are directly related to economic stimulus, mostly measured by downturns in the mineral industry. Other factors that influence the success of exploration advancing to feasibility and new mine development includes the ownership of the mineral claims, which also changes under these economic influences and the crucial role of interactions between the Company, the Crown and First Nations. The Marathon PGM-Cu deposit is hosted within the Eastern Gabbro Series of the Proterozoic Coldwell Complex, which intrudes and bisects the much older Archean Schreiber-Hemlo Greenstone Belt. The sub-circular complex has a diameter of 25 km and a surface area of 580 km2 and is the largest alkaline intrusive complex in North America (Walker et al., 1993). Mineralization at the Marathon PGM-Cu deposit is part of a very large magmatic system that consists of at least three cross-cutting intrusive olivine gabbro units that comprise the Eastern Gabbro Series of the Coldwell Complex (Figure 3.2.4-3). In order of intrusion, the three gabbroic units consist of (1) Layered Gabbro Series, (2) Layered Magnetite Olivine Cumulate (LMOC) and (3) Two Duck Lake (TDL) Gabbro. The relative size and abundance of the gabbroic units decrease in the order Layered Gabbro Series>TDL Gabbro>>LMOC. Late quartz syenite and augite syenite dikes cut all of the gabbros but form a minor component of the intrusive assemblage.

May 1, 2010

By J. Boldy

This paper is an attempt to place Canadian Precambrian volcanogenic deposits in perspective, by examining and compiling data regarding certain neglected fundamentals of size, grade, value, frequency distribution and spatial density. The discovery roles played by various exploration methods are compared and contrasted, and. using empirical methods, the probabilities of discovery are discussed, combined with the use of an effective 'cost-per-target' program. From these basic observations, realistic exploration judgments may be made. Using similar methodology, this format may be applied to other types of deposits. Precambrian volcanogenic deposits occur in a natural geometric progression in size. They number 110, of which 70% are pre-producers, producers or past-producers. These deposits are bonanzas and generally have a 'net pre-smelter' value of between $43 and $62 per ton. The statistically typical deposit is that which occupies the modal position, has 400,000 tons of ore, a value of $20 million and occurs with a frequency of 40%. A median deposit has 1.4 million tons of ore, a value of $70 million and occurs with a frequency of 15%. An upper-decile deposit ha s 13.3 million tons of ore. a value of $750 million and occurs with a frequency of 6.5%. The major, mid-upper-decile deposits have a minimum of 50 million tons of ore, a value of $3 billion and occur with a frequency of 4%. Five major volcanogenic deposits occur in the Precambrian and account for 54% of production. This contrasts with 55 deposits (all below the median) which account for 3.9% of production.

Jan 1, 1977

By A. W. Jolliffe

AEROPROSPECTING may be defined as the application of the air view to the search for mineral deposits. The term is suggested as a preferable alternative to either aerial prospecting (which may be confused with areal prospecting) or air prospecting. The air view may be obtained by visual observation from an aircraft or by examination of air photographs; each has its particular advantages and disadvantages. Aeroprospecting should be regarded only as an aid to, and not as a substitute for, accepted prospecting methods ( l ). The Precambrian region north of Great Slave lake consists of two well defined physiographic units, a feature first noted by J. T. Wilson (2). The boundary between these lies close to the north shore of the east arm of the lake and extends northwesterly near Spencer, Beniah, Carp, and Ghost lakes (Figure 1). South and west of this line, exposed bed-rock makes up the greater part of the land area; eskers are very rare, and overburden is largely limited to rock-walled valleys and depressions. North and east of the line, outcrops are rare or absent, eskers are abundant, and most of the surface consists of drumlin-like drift hills, elongated parallel to the direction of ice movement (Figure 2). Where this boundary passes through the area shown in Figure 1, it lies near the 1,200-foot contour and may mark the maximum extent of the lake or sea arm present in this vicinity toward the end of the Pleistocene period. For convenience, the first area may be called the 'bed-rock belt' and the other the 'drift belt'.

Jan 1, 1945

By Jürgen Antrekowitsch, Gerardo R. F. Alvear Flores, Mehmet Ayhan, Christoph Zschiesche

Synergies between copper and lead extractive metallurgical processes enable the processing of a broad range of polymetallic materials. However, this complexity also brings some challenges expressed in terms of complex intermediates and final products. For instance, based on the limited solubility of Cu and Ni in crude lead bullion additional phases will appear during the crystallization of the melt. Beyond the need for continuous optimization of metallurgy the control of phase solidification is a further important pillar to achieve a more efficient process by minimizing the amount and cycles of reverts. This paper describes the microscopy study of one of the most relevant intermediate in the Cu and Pb metallurgy, the Cu based alloy and highlights the importance of applying a well-controlled cooling sequence to improve the overall process efficiency. INTRODUCTION One of the key aspects in Aurubis’s 2025 vision is to move towards the implementation of a multi metal recovery strategy. The implementation of this new multi metal vision is supported by the long tradition of the company, founded in 1866 as Norddeutsche Affinerie, and further developed by adopting modern copper smelting and lead smelting technologies for the processing of primary and secondary materials. The combination of these assets have already build the basis for processing of complex materials in the copper and lead circuits implemented in Aurubis’s facilities. The addition of a new smelting facility, will enhance these capabilities. Aurubis current flowsheet combines Cu, Pb and Zn metallurgy. This includes primary smelting of copper concentrate, processing of secondaries (residues, slimes, slags) and recycling materials (scrap, shredder material, e-scrap). These broad range of materials contain not only the mentioned base metals but also a number of minor metals that requires to be properly managed to ensure efficient recoveries and quality of the targeted metals.

Jan 1, 2019

By B. Galy, L. Giraud

"This paper compares Canadian provincial mining safety regulations regarding the use and testing of cage safety catches, including a brief history and evolution. Regulations are similar across provinces, with only slight variations. Currently, the “Ontario-type” safety dog is the most commonly used safety catch in Canada. Performance estimation of the compensation mechanism for different safety-dog shapes and tooth angles show this shape works well and has consistent braking results, but the best efficiency is obtained for initial tooth angles greater than 10°. Miner safety is questionable for lightly loaded cages, an issue that should be addressed technically and legislatively.RÉSUMÉ Le présent article compare les diverses réglementations de sécurité minière concernant les parachutes des cages dans les provinces canadiennes ainsi que les essais qu’ils doivent subir. Il semble que les réglementations soient semblables à travers les provinces avec quelques légères différences ou divergences. Un bref historique des parachutes et de leur évolution est présenté. De nos jours, le parachute de « type Ontario » est le plus fréquemment employé à travers le Canada et il présente des résultats de freinage uniformes. Une estimation de la performance du mécanisme de compensation pour les diverses formes de taquets de sécurité et les divers angles des dents montre que cette géométrie fonctionne bien; cependant, la meilleure efficacité est obtenue pour des angles de dents supérieurs à 10°. La sécurité des mineurs est mise en jeu pour des cages faiblement chargées et ce point devrait être traité du point de vue technique et du point de vue législatif."

Jan 1, 2016

By K. D. Card, K. Howard Poulsen

Abstract - The Archean Superior Province craton and the Paleoproterozoic Penokean Orogen are major geological sub-divisions of the southern Canadian Shield and account for much of the metallic mineral production of North America. The Superior Province experienced a mainly Archean history involving several cycles of volcanism, plutonism, and tectonism, primarily in the Neo-archean but also including Meso-archean and Paleo-archean cycles as well. Superior Province consists of northern and southern high-grade gneiss sub-provinces and a broad central region of alternating greenstone-granite and metasedimentary belts. The sub-provinces may represent tectonic terranes assembled in the Archean by accretion processes similar to those of some Phanerozoic orogens. Most of the mineral deposits, including VMS, intrusion-related, and lode gold deposits occur in the greenstone- granite sub-provinces where they were formed in an interval of 100 million years or less around 2.7 Ga. The Paleoproterozoic Penokean Orogen comprises supracrustal sequences deposited in fault-controlled epicratonic and rifted margin settings developed on and about the Superior craton. Deposition of the ~2.4 Ga Huronian Supergroup and its paleoplacer uranium deposits in the eastern Penokean Orogen, and their pre-2.2 Ga deformation, were probably unrelated to the deposition of the ~2.1 Ga Marquette Range and Animikie groups and their major taconite iron formations in the west. However, these sequences were deformed together during the ~1.85 Ga Penokean Orogeny which resulted when an assembly of island arcs containing VMS deposits, the Wisconsin magmatic terrane, collided with the Superior block and its Paleoproterozoic cover. The Sudbury structure with its world class Ni-Cu-PGE ores was also formed at this time, possibly triggered by meteorite impact. Metallogenic patterns in the Paleoproterozoic rocks were controlled by a complex interplay of factors including tectonically controlled variations in deposition and deformation, distribution of mineralization in the Archean basement, and oxyatmoversion, the transition from anoxic to oxygenic atmospheric conditions that occurred during the deposition of these sequences.

Jan 1, 1998

By N. Saeidi

"For a mine section comprising 100 different stoping activities, there are ~10158 different possible stoping sequences to explore in the mine schedule optimization search and this figure is indicative of the challenge posed in maximising profitability through mine schedule optimization. Any viable excavation timetable must satisfy all conditions that will constrain feasible sequences. In general, consideration of additional constraint will tend to reduce profitability. Geomechanical constraints on mine schedules, introduced with the aim of avoiding excavation instabilities, can be established for underground mine schedule optimization processes but, currently, this is done only rather crudely; precedence relations between excavation activities (stoping or development) are encoded to produce particular stope sequence patterns (e.g. ‘chevron’ or pyramidal sequences).The work reported aimed to investigate automated processes for formulation of such geomechanical constraints. The timetable optimization approach to the problem precipitated a fresh look at time dependent, and excavation sequence dependent, deformation. Abundant evidence emerged that supported the notion that any methodology developed that failed to account for such time and sequence dependencies was itself bound to failure. Yet, it was also recognised that any deviation at all from an assumption of linear elasticity for geomechanical numerical modeling, adopted to inform geomechanical constraint formulation, would rapidly lead to impractical levels of computational effort.Thus the approach presented here represents a compromise: the elastic stress fields induced by individual mining activities are computed for each activity, independently considered within a computational domain identical to that of all other activities. These are stored in a database. Instability risk for a specific sequence of mine activities can be assessed through superimposition of stress fields drawn from the pre-computed database. Time stamps allocated to events corresponding to the excavation processes permit the conversion of the sequence of elastic stress fields into a time table of stress fields. For specific locations within the computational domain, the aggregate effect of the sequence of mine activities leads to stress-time histories having a castellated appearance, a result of the near instantaneous response of an elastic medium to the excavation perturbations. Time dependent deformation responses are crudely allowed for through the re-profiling these castellated histories through graphical construction of curved responses, where the curve gradients are related to a viscous parameter. Such curves form the basis for a geomechanical constraint formulation to be adopted for mine schedule optimization."

Jan 1, 2015

By W. A. Lang

Introduction That the coal industry has entered a new phase in its development is now evident. Coal, besides being the chief source of heat and power, has become a potential raw material for many industries. Rapid progress has been made in the methods used in the mining and preparation of coal, and in the equipment for the burning of coal. Data of a fundamental nature relating to the composition of coal and to its transformations? during combustion and processing have also been revealed. Research, the key which has opened this new era, has already accomplished much, but it has only begun to show what it may and should be able to do. New developments of coal burning equipment, super-power plants, carbonizing and briquetting plants, hydrogenation and synthetic chemical processes, will undoubtedly have a marked influence in the post-war years on the economic welfare of many coal producing countries. Until comparatively recently, however, there has been in many branches of the coal industry a tendency to regard research as something abstruse and something which had little or no value to those managing such branches. But the fact that coal has suffered as a source of heat and energy through inroads of oil, natural gas, and water power, has made it plain to the industry that, if it is to maintain its present markets in this competitive world, much less increase them, the whole industry must be willing to follow the example of other industries and plan for the future.

Jan 1, 1946

"As part of a series describing the nickel operations of Vale Canada (formerly known as Inco), this paper focuses on the 1973 to current operations of the Copper Cliff nickel refinery in Ontario, Canada. The process used there employs the formation of Ni tetracarbonyl at high CO (gas) pressure and its subsequent decomposition at somewhat elevated temperatures to produce highly pure Ni pellets and powders. Personal sampling of workplace aerosol dusts is reported, with information on specific Ni compounds in the aerosols.RÉSUMÉ Dans le cadre de la série d’articles décrivant les opérations de nickel chez Vale Canada (anciennement Inco), le présent article cible les opérations de 1973 à ce jour à l’affinerie de nickel de Copper Cliff en Ontario, Canada. Le procédé utilisé à cette usine est la formation de tétracarbonylnickel sous une pression élevée de CO (gaz) et sa décomposition subséquente à des températures plutôt élevées pour produire des granules et des poudres de Ni pur. Un échantillonnage par l’auteur des poussières en aérosol est présenté ainsi que de l’information sur les composés spécifiques de Ni dans les aérosols."

Jan 1, 2015

By V. A. James

The new electrolytic copper refinery situated at Copper Cliff, Ontario, has been in operation for over a year and a half. This plant is operated by the Ontario Refining Company, Limited. The associated companies behind the enterprise are the International Nickel ?company of Canada, Limited, the American Metals Company, Consolidated Mining and Smelting Company of Canada, Limited, and Ventures, Limited. The plant was an outgrowth of the rapid development of copper resources in the nickel-copper ores of the Frood and other great mines in the Sudbury district, and of the desire to have all primary production units grouped together as compactly as possible. Starting anode furnace operations in June, 1930, and electrolytic refining on July 1st of that year, after a record-breaking construction programme completed in only fifteen months, the plant soon settled into its stride and the usual starting-up difficulties were .rapidly overcome. The rated capacity of the plant, namely, twenty million pounds of refined copper per month, has, of course, never been reached, due to depressed business conditions and latterly to the world copper agreement limiting production. It may be said, however, that the present installation has proved its ability to produce in excess of its rated capacity, and with relatively minor additions to plant and equipment that capacity can be doubled. Owing to the severity of the winters, when temperatures of from 20 to 40 degrees below zero are to be expected, the building of this refinery involved a number of problems in insulation, layout, ventilation, etc., which were rather unusual in copper-refinery construction.

Jan 1, 1932

By G. Reuben Yourt

This paper consists of two main parts. The first, under the heading Preparations, deals with suggested preparations to be carried out in advance so that loss of life might be prevented should a fire occur. The second part, under the heading Fire Procedure, deals with actual organized procedure to be followed for the preservation of life if and when a fire occurs. The writer realizes that these preparations and procedures may be to some extent applicable to only a few mines with a relatively simple vein system and that each mine would need to formulate a procedure to conform to its own particular conditions, scope, and degree of complexity. Preparations 1. - Ventilation Control The objective in ventilation control in the event of a tire underground is to keep the travelways, through which men must pass to reach surface, supplied with air not deficient in oxygen and free from gases and smoke. Without some control of the volume and direction of the main air currents flowing through the mine, the success of removing men to surface might be seriously hampered. ? This control is achieved by means of mechanical ventilation forcing air through desired airways and workings with the assistance of doors to regulate the volume and direction of the air flow. In connection with fans and doors, the possibility of short-circuiting should always be taken into consideration, as it can often nullify the value of a fan and possibly trap men in dangerous atmosphere if the short-circuiting involves the fire area. Main fans are often installed so that they can be reversed in a short time. However, fans should not be reversed unless this is found absolutely essential by those in authority. Misjudgment in this respect could cause the loss of life to men who might naturally take refuge in what they believe by experience to be a fresh air stream. Another precaution to be taken is to see that doors in airways are fastened in a fixed position so that they cannot be sucked or blown open when the fan is reversed, otherwise short-circuiting could possibly render the fan useless.

Jan 1, 1947

"The Cordillera contains numerous porphyry deposits and prospects, many containing economic quantities of copper, molybdenum, gold and tungsten. Over the lost twenty years, different phases of exploration have been driven by individual commodity prices and new discoveries. Exploration methods have remained largely unchanged since the 1960s and 1970s with the range of techniques chosen for each situation depending on the stage of the program, the type of porphyry target and the local environment. Improvements or changes to techniques have resulted from awareness of specific features in new deposits or regional problems. During the last ten years much of the emphasis has been on the re-evaluation of known porphyry deposits with more exploration in areas previously recognized as prospective. Re-evaluation of known deposits has resulted in increased reserves, often with improved gold grade, and the discovery of new zones. Several new deposits have been discovered including gold-only deposits of probable porphyry affinity.Research related to porphyry deposits has followed trends in exploration and has been directed toward the type of deposits that have been of current interest. In addition to research on specific deposits and areas, general research related to porphyry deposits has addressed three broad themes. The first theme involves the role of tectonic processes and the nature of source regions. Although different in detail, recent tectonic models suggest that a tectonic change or hiatus may be important for the generation of metal-rich magmas from various source regions and subsequent fractionation that permits volatile saturation. The second theme is based on magmatic processes, particularly the generation of a volatile phase enriched in metals. This research supports the general orthomagmatic model for porphyry deposits and has helped to define the influence of specific variables in the generation of different types of porphyry deposits. Finally, research on alteration and mineralization has provided evidence for different types of fluids and fluid processes involved in the formation of porphyry deposits. These data also support the orthomagmatic model but indicate additional complexity in magmatic-hydrothermal systems including the role of external fluids. Although important advances have been made, research has had a limited impact on exploration.Exploration and research on deposits that occur in the peripheral and upper parts of porphyry systems have been important over the last ten years. Although considerable advances have been made, the relationship of different styles of peripheral mineralization to magmatic processes in the core of the system remains ambiguous. An improved understanding of the processes that generate zoning, peripheral mineralization, and the surrounding alteration envelopes would be beneficial to exploration."

Jan 1, 1995

By D. J. Houlahan

ABSTRACT Sorting has the potential to massively improve the pro?tability of mining base metal, hard-rock ores. However, several barriers to the increased application of sorting have been identi?ed, including a lack of mineral-speci?c sensors available to the industry. This paper presents the outcomes of acollaborative project to develop an induction-balance sensor speci?cally for low-grade copper and nickelores. A review of the basic principles of induction-balance sensing and of the sensor-rock interaction is presented. Early development and testing of the sensor on ores from the Thompson nickel belt in northern Manitoba is discussed. Shortcomings of the prototype identi?ed in early testing have now been over-come, leading to improvements in design and construction, as well as sensor accuracy. The improve dsensor has now been tested on additional ores from the Sudbury Basin, with good results. A discussion of potential applications is presented and recommendations for future development are made.

Jan 1, 2010

By Yves Caron

Résumédes travaux effectués De septembre 2009 àmai 2011 ? Plus de 21 000 m de forages complétés en avril 2011 et près de 9 000 échantillons ? 2,7 km de décapage, 52 tranchées et 852 m de rainures ? Estiméde ressources 28 mai 2010 (SGS Géostat) ? Essais métallurgiques en laboratoire (automne 2010) ? Étude économique préliminaire (janvier 2011)

May 1, 2011

By R. J. Labine, D. I. Brisbin, R. Roussain, P. R. Coad

"Abstract - The Owl Creek Mine is located near the west end of the Neo-archean Abitibi greenstone belt, 17 km northeast of Timmins, Ontario, and 4 km north of the Destor Porcupine fault. Gold occurs in epigenetic quartz veins and their pyritic wallrocks in two zones within a package of east striking, steeply north dipping, volcanic and sedimentary rocks. At the West Zone, 1 729 603 t of ore with a grade of 4.83 g/t Au (268 587 troy oz.) were produced from an open pit centered on a wedgeshaped unit of Tisdale Group basalt that occurs between two overturned, south facing units of Porcupine Group graywacke and argillite. Basalt/graywacke contacts are locally marked by graphiticcarbonaceous argillite, strike-parallel faults and massive quartz veins.Deformed quartz+/-ankerite veins occur along the graphitic sedimentary/volcanic contacts and in gently to moderately dipping fractures in basalts, and, to a lesser extent, in graywackes. Veins also occur sub-parallel to steeply dipping 070° foliation. Altered host basalts are composed of iron carbonate, sericite, quartz, carbon, chlorite and disseminated pyrite. Gold occurs as inclusions in pyrite, and less commonly as free gold in fractures and along graphite-quartz grain boundaries in quartz veins. Fractures preferentially developed in more competent basalts during pre- to syn-ore deformation are interpreted to have provided the permeability required for emplacement of mineralized quartz veins. Carbonaceous basalt/graywacke contacts further enhanced gold deposition by acting as chemical traps. The interaction of hydrothermal fluids with these carbonaceous sedimentary rocks led to the characteristic local darkening of host basalts due to carbon impregnation and chlorite development."

Jan 1, 1998

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

By R. L. Dunsmore

Introduction If one had been called upon to describe petroleum oil refining seventy-five years ago, he could have acceded to the request quite satisfactorily in about fifteen minutes. Fifteen years ago, an hour and a half would have been sufficient to give a general idea of oil refining, and of the equipment used for this purpose. Today, so extensive has been the research into all phases of the refining and manufacturing of petroleum products, and so rapid the strides in improvement in technique and equipment, that I doubt if a week would suffice to give an adequate outline of ail the ramifications of present-day oil refining. I propose to only 'hit the high spots', dealing particularly with the equipment and methods employed at the Imperoyal refinery, which you are to visit. Crude oil, the refiner's raw material, contains essentially only two elements, hydrogen and carbon. These are not present in the free state but are combined in various proportions as 'hydrocarbons'. A given crude oil is not made up of just one hydrocarbon, but of myriads; some solid, others liquid, and still others gaseous at atmospheric temperature and pressure, ail dissolved one in the other. Moreover, the nature and the relative amounts of the several hydrocarbons vary very considerably in crude oils from different sources. That is, a 'crude' from Oklahoma will contain hydrocarbons not present in crude from Mexico, and is different again from the Venezuela crude. Not only this but oil in a certain well in, say, Peru may be differently constituted from that in a well half a mile distant from it.

Jan 1, 1931