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By James Mackie

The Vancouver Stock Exchange (VSE) has been providing venture capital for start-up companies since 1907. Ninety years' experience in the junior mining industry has enabled the VSE to develop policies and procedures tailored to the unique needs of start-up companies. Policies and procedures applicable to listed companies are documented in the Corporate Finance Services Department "Policy and Procedures Manual." Approximately 50% of the companies listed on the VSE are in the mineral exploration and development business. The largest number are exploring base metal, precious metal or diamond properties. A recent count shows that about 20 companies are exploring industrial mineral or non-metallic deposits. The minerals sought by these companies include limestone, decorative stone, building stone, lava rock, wollastonite, zeolite, garnet and graphite. There are two basic routes to obtaining VSE financing for an industrial mineral property. The owner can either sell an interest in the property to a listed company or form a company and have it listed on the VSE. In each instance, the listed company is responsible for raising funds to develop the property. A typical financing consists of the sale of company securities byway ofeitherprivate placement or prospectus offering.

Jan 1, 2001

By D. Roy Eccles

A multi-element geochemical response, with contrasts of up to 29 times background, was obtained in soil above the Mountain Lake Diatreme, northwestern Alberta. The overall geochemical signature is indicative of an ultramafic source; geochemical responses contain elevated concentrations of Co, Cr,O, Cu and Ni with the presence of high Ba, Ga, HI, PO,, Rb, Ta, Ti and light rare earth elements suggestive ofa kimberlite or lamproite body. The shape, or morphology, of the enzyme leach-based geochemical signature over the Mountain Lake Diatreme combines moderately strong to strong oxidation halos, or a rabbit's- ear geochemical profile, with a sharply-defined apical geochemical profile. Because some Alberta diatremes discovered to date form positive topographic highs, the resultant geochemical signature may express the soil development profile that forms directly on top of kimberlitic and lamproitic bodies. The enzyme leach technique, which has proven to be a useful tool in base metal, precious metal and petroleum exploration, may have a significant impact on exploration for kimberlite, lamproite and related rocks in Alberta by providing industry with a useful and cost effective tool to probe blind and/or buried anomalies identified by airborne and ground magnetic surveys in areas of glacial overburden.

Jan 1, 2001

By Zdenek D. Hora

British Columbia is an important producer of a variety of industrial minerals for both domestic and export markets. Some commodities such as limestone, dolomite, gypsum, calcium carbonate, silica, barite and magnetite are raw materials for well-established industries located in British Columbia, Alberta and northwestern USA. Others, like magnesite, sulphur, jade, asbestos, dimension stone and clay products, are mainly exported in processed form to overseas customers. Companies are developing markets for relatively new mineral products, including pumice, volcanic cinder and zeolites. A number of attractive geological targets have been identified by industry while research by government geologists has outlined the potential for refractory minerals, gemstones, garnet, nepheline syenite, carbonatites, residual kaolin, igneous apatite and peat.

Jan 1, 2001

By W. Melnyk, L Pokhilenko, J. A. McDonald, A. Hall

The Camsell Lake property comprises 270 000 acres located about 240 kilometres northeast of Yellowknife in the Northwest Territories. Kimberlite has been located in two areas of the property:

Jan 1, 2001

By Ross I. Kelly

Carbonate rocks are widespread throughout Ontario and provide raw material for more uses than perhaps any other rock type. The principal carbonate rocks that are used by industry in Ontario are Paleozoic era limestone and dolostone. Limestone is a sedimentary rock that is composed mainly of the mineral calcite (CaCO,) while dolostone, also a sedimentary rock, is composed mostly of dolomite [CaMg (CO,),l. The majority of the province's limestone and dolostone extraction occurs from Paleozoic era rocks located in southern Ontario. Calcite and dolomite are also found in Precambrian marbles, calcite veins and carbonatites, however, utilization of these rocks by industry has been less common. Calcite and dolomite-rich rocks are utilized for a wide variety of uses including raw materials for cement and lime manufacture, chemical and metallurgical stone, fillers and construction aggregates (Derry, Michener, Booth and Wahl and OGS 1989a). For some uses chemical and physical requirements are very important. In the manufacture of glass, for instance, the chemical requirements of source materials are very important and very stringent. In other uses physical criteria such as whiteness may be more important. Although carbonate rocks are quite plentiful within the province, deposits that contain high concentrations of calcite or dolomite are somewhat limited. For that reason, this paper focuses on deposits that are known to, or may contain, a high percentage of calcite and/or dolomite. The paper emphasizes potential sedimentary limestone and dolostone resources, as these are the carbonate rocks most commonly utilized by industry in Ontario.

Jan 1, 2001

By Jon A. Carlson, W. Scott Williams

The EKATI"" Diamond Mine commenced operation in October 1998. It is operated by BHP Diamonds Inc., which is a part of the Non-Ferrous and Industrial Materials Division of BHP Minerals, a business unit of BHP Company Ltd. of Melbourne, Australia. The EKATI"" Diamond Mine is a joint venture of BHP Diamonds Inc. (51%), Dia Met Minerals Ltd. (29%), Charles E. Fipke (10%) and Dr. Stewart L. Blusson (10%). In December 1993, an office was opened in Yellowknife, Northwest Territories specifically for the then Northwest Territories Diamonds Project (EKATI"" Diamond Mine) development. EKATI"" Diamond Mine is located 300 kilometres northeast of Yellowknife and 200 kilometres south of the Arctic Circle in the Northwest Territories of Canada (Figure 1 ). The site is located in a remote tundra area of continuous permafrost, north of the tree line, which is part of the Canadian Shield. Wekweti (Snare Lake), a Dogrib community approximately 180 kilometres southwest of the project, is the closest neighbour. The mining area and facilities lie within the 10 960 hectares land leases held by the joint venture. The total claim block (core zone and buffer zone joint ventures) covers 344 000 hectares. To date, more than one hundred kimberlite pipes have been identified within the claims. Five of these provide the basis for the present mine plan. Total capital investment in the project is over C$700 million. At full production employment will be about 600, including employees and long-term contractors, with over 33% being Aboriginal from the Northwest Territories.

Jan 1, 2001

By George J. Simandl, Donald F. Gunning

At the beginning of the 20 century, British Columbia produced a wide variety of quality dimension stone products for both domestic and foreign markets. The industry flourished until the 1930s when most of the producing quarries closed as a result of the Depression. During the 1990s, British Columbia experienced the resurgent North American dimensional stone production trend. The industry benefited from increased prospecting activity and from substantial new investment in processing equipment, particularly in the granite sector. These activities resulted in new quarry developments, the reopening of abandoned quarries such as on Granite and Fox Islands <www.quadrastone.com>, and a renaissance in downstream value-added activities. British Columbia has reestablished itself as an important, reliable and innovative source of high-quality stone products.

Jan 1, 2001

By Richard J. Wardle, Ambrose F. Howse

The industrial minerals industry in Newfoundland and Labrador is a significant contributor to the provincial economy. The variety ofcommodities produced reflects the diverse geological environment from which they come. A highlight of the past decade has been the continuing development of dimension stone quarries, with producers now active in anorthosite, gabbro, granite and sandstone. Other dimension stone prospects have been identified and are in various stages of assessment and development. Western Newfoundland hosts a large resource of limestone, dolomite and marble. It provides raw material for industries that produce Portland cement, agricultural limestone and aggregate, as well as chemical-grade limestone and dolomite products. In western Labrador, dolomitic marble is quarried for use in the production of self-fluxing iron ore pellets. The recent opening of a new gypsum quarry at Fischells Brook signalled the beginning of a new era in the commercial production ofgypsum, a commodity which the province has produced since the 1950s. Hopefully it will emulate the nearby Flat Bay Quarry (now closed) which was a long-time exporter to markets along the U.S. eastern seaboard, in addition to supplying local demands. Oil production and continuing exploration in the Newfoundland offshore has renewed interest in local barite deposits for potential use in drilling fluids. Already there has been some production from the Collier Point deposit, and at Buchans, an existing plant is being refurbished to recover barite from a large tailings pond. Emerging new industries include the development of an antimony mine in central Newfoundland, the development of silica deposits near Labrador City for silicon metal production, and reactivation of the St. Lawrence fluorspar mine. The province has many deposits with development potential such as rare metals at Strange Lake, white marble at Roddickton and salt deposits near St. George's Bay region.

Jan 1, 2001

By Pierre Buteau

Peat/ands distribution in Canada is widely spread thoughout the country and corresponds to a wide spectrum of wetland habitats which overlay peat deposits. The development and the evolution ofpeat/ands and peat deposits are closely linked together, since the vegetal remains of the peat deposits originate from the peatland habitats, and the peatland habitats constitute a response to many factors, including the properties of the substrate, which are the peat deposits. Peat/ands are defined as waterlogged terrains where the production of plant materials usually exceeds the rate of decomposition. The underlying peat deposits consists of organic residues associated to peatland vegetation, more or less decomposed, built up and kept under anaerobic conditions. Peat/ands evolution and distribution are determined primarily by climatic factors, but also by the geomorphology and edaphic conditions. All of these create particular hydrodynamical environments which will vary according to different regional settings, and sequentially to an evolutive time frame.

Jan 1, 2001

By Paul Guliov

Coal-bearing Tertiary sediments of the Ravenscrag Formation in southern Saskatchewan host numerous deposits of clinker resulting from in situ coal combustion. Clinker deposits form when sediments of relatively low temperature firing properties overlie coal seams which are undergoing prolonged spontaneous combustion. The resulting fired material is useful for decorative landscaping aggregate, rock gardens, driveways, mud control and others. Predicting the occurrence of clinker deposits requires a knowledge of the spatial distribution of coal seams and the nature ofoverlying sediments. Knowledge ofpaleotopography at the time of coal combustion can assist in locating more highly-fused material which can yield greater block sizes. Coal data bases can be used as a predictive tool by outlining areas where coal is or was at or near surface and therefore may have been susceptible to spontaneous combustion.

Jan 1, 2001

By Ken Steele, Pam Sangster, Myra Gerow

Ontario leads Canada in production of structural materials and ranks third in production of non-metallic minerals. The total value of industrial mineral production in 1997 was $1.6 billion. The province is the leading producer of nepheline syenite, salt, talc, clay products, cement, lime, sand and gravel, stone and a major producer of gypsum and silica. Barite, sulphur in smelter gas, elemental sulphur, tremolite, serpentine, gemstones and peat are also produced. Table 1 shows recent actual industrial mineral production levels in Ontario. Other industrial minerals, including phosphate, petalite, diamonds, wollastonite, vermiculite, kyanite, garnet, graphite, silica, kaolin, dimension stone and anorthosite, have been the target of exploration and development projects. Investment opportunities exist at all levels from grass-root prospect through to production level.

Jan 1, 2001

By Tim C. Webb

For almost 350 years, industrial rocks and minerals have been produced, used locally and exported from New Brunswick to markets throughout the world. Up until the early 1960s, commodities like grindstone, building stone, gypsum, and limestone served as the foundation of the province's non-fuel mining industry. The importance and high level of activity surrounding industrial rock and mineral development in New Brunswick is reflected in a multimillion dollar industry generating substantial revenue and providing a valuable service to its people. New Brunswick's varied geology is reflected not only by the diversity of industrial rock and mineral resources presently under development but also in several promising exploration and potential development opportunities. The province also hosts several industrial rock and mineral processing facilities, each with established technologies ensuring high-quality products and each with sufficient flexibility to supply customized products for various specialized niche markets. With the imminent availability of natural gas to parts of the province, the prospects for additional value-added processing and re-examination of known, yet presently undeveloped deposits, appear excellent. These variables coupled with the province's advantageous geographical location, highlighting tidewater access to global markets and within one day's trucking distance to a regional market of several million people, guarantee prompt delivery of high-quality products at competitive prices.

Jan 1, 2001

By Brent C. Jellicoe, Phil Robertshaw, J. Murphy, Peter Williamson

Kimberlites and associated diamonds have been the focus of extensive exploration in central Saskatchewan since 1988. During 1989, Uranerz Exploration and Mining Limited identified 71 shallow magnetic anomalies in the Fort a la Corne area from detailed aeromagnetic surveys. By the end of 1991, 18 of these targets had been proven, by drilling, to be kimberlite bodies encased within Cretaceous sedimentary strata. From 1991 to 1997, the number of drill-confirmed kimberlite bodies increased to 69. Our current view, drawing on an integration of geophysical and geological information, is that the kimberlites are composed of individual bodies and multi-vent clusters of coalesced bodies, all apparently constructed of stacked, temporally distinct layers of pyroclastic crater-facies kimberlite. Diamond recoveries and geochemical results from associated heavy minerals at Fort a la Corne remain highly variable, although continued minibulk sampling is expected to improve the estimation of diamond grades for the most prospective bodies.

Jan 1, 2001

By Henri-Louis Jacob

Le Québec dispose de ressources en silice abondantes et diversifiées, pouvant convenir dans l'ensemble à la plupart des usages industriels. Dans les terrains Paléozoïques des BassesTerres du Saint-Laurent et des Appalaches, les ressources identifiées comprennent les grès quartzitiques purs du Croupe de Potsdam (Cambrien), exploités notamment à Saint Canut au nord de Montréal comme source de sable de silice pour l'industrie du verre; les arénites quartzitiques des Formations de Val-Brillant (Silurien moyen) et de Kamouraska (Ordovocien inférieur) exploitées dans l'est du Québec comme source de fondant métallurgique; les grès friables de la Formation de Guigues (Ordovicien) au Témiscamingue, à partir desquels on produit des sables de silice utilisés notamment en fonderie et en filtration. Dans la province structurale du Grenville, au nord du fleuve Saint-Laurent, les métaquartzites purs du Supergroupe de Grenville représentent une source importante de silice pour la production de silicium, de ferro-silicium et de carbure de silicium. Des veines et amas de quartz ont aussi été exploités un peu partout au Québec comme source de fondant métallurgique ou de silice ultra-pure pour la production de silicium métal. Quelques dépôts de sables naturels, généralement d'origine marine ou deltaïque sont finalement exploités dans la région de Montréal comme source de sable pour des usages n'exigeant pas un produit de haute pureté.

Jan 1, 2001

By Gilles Bonin

Structures and serpentinization patterns in the Thetford Mines peridotites are important characteristics indicating the necessary geological conditions which led to the development of chrysotile orebodies in Early Ordovician limes. These structures and serpentinization patterns are reviewed in this paper using the geology of LAB Chrysotile orebodies as a model. Structural aspects include parallel and transverse faults, parallel and transverse granite slabs, and orebodies, some of which trend clearly north-westward parallel to the accretionarymovement. Serpentinization patterns in the peridotite belt, particularly in the harzburgite, include primary pervasive mass serpentinization and secondary complete serpentinization. Listwaenites layers appeared along some faults and along some granite slabs as a result of hydrothermal alteration of the serpentine, following the emplacement of the devonian plutons to the south. These plutons as we/1 as other important lineaments, align with the structural pattern of Thetford Mines ophiolites. It is believed that these plutons are part of a heavy magma tic corridor resembling the Pilote-Mont-Louis corridor in the Gaspe (Doyon and Berger, 1997), and the Buchans' structure in Newfoundland (Hutchinson, 1984), both intersecting the Brompton-Baie Verte line.

Jan 1, 2001

By Maureen Jensen

For mining companies looking to establish a strong North American presence, raise their profile or finance and position themselves for future growth, there is no other destination in the world that can offer a mining company the same opportunities as Canada whether you are an established blue chip or promising junior. Despite historically poor world commodity markets and shaky investor sentiment towards junior explorers caused in part by fallout from the high profile Bre-X fraud, Canada continues to shine as the undisputed mining finance capital of the world. Our natural riches and mining history go a long way to explain Canada's international prominence in mining finance. Canada has actively created and maintained one of the most integrated national frameworks to support mining ventures of all kinds. Our diverse industry, from one-person grass-roots explorers to mining industry giants, is one of our main strengths whether your company is Canada-focused or internationally active. The mining industry continues to be a vital contributor to the Canadian economy, contributing $26.2 billion in 1997 or 3.8% of national GDP, and is the second largest earner of foreign exchange. Industrial mineral companies are a very important part of this strength. These companies require a continuing access to capital to ensure that they can continue to compete and the globalisation of the Canadian mining industry has affected this industry just as much as it has affected every other industry in Canada.

Jan 1, 2001

By Ron Light, Doug Applett

"HistoryThe Nanisivik mine began operation in October 1976 as the world's most northerly metal mine and the first permanent industrial project in the Canadian High Arctic. Located 700 km north of the Arctic Circle on Baffin Island's Strathcona Sound, exploration by Texasgulf Inc. between 1957 and 1970 had outlined the ore deposit. In 1974, Nanisivik Mines Ltd. was formed with Mineral Resources International, the Government of Canada, Metallgesellschaft and Billiton being shareholders, and Strathcona Mineral Services Ltd. providing project management. In 1996, Breakwater Resources purchased the mine from Alberta Energy Corporation Limited which had recently acquired the assets of then owners Conwest Exploration Ltd.Ore DepositThe main ore deposit is very flat, approximately 80 m in width and varying in thickness from 3 m to 16 m. The length of the deposit is approximately 3000 m with satellite zones located on the perimeter of the main zone. The economic mineralization is sphalerite with minor galena and silver. The sphalerite and galena are coarse grained and associated with pyrite as the main gangue component with minor inclusions pf dolomite and calcite within the deposit. The deposit being hosted in a permafi·ost environment creates a number of challenges. Dry drilling is employed in room and pillar production drilling. The permafrost aids in the stability of both the pillars and the back."

Jan 1, 2000

By A. Dogan Paktunc

Abstract - The Mechanic Settlement pluton is a small body of mafic and ultramafic rocks of tholeiitic affinity, occurring in the Late Neoproterozoic volcanosedimentary rocks of the Avalon terrane of the Appalachian Orogen. The lenticular-shaped intrusion is layered and consists of ultramafic and mafic lithologies in at least six cyclic units that are relatively thin or short-lived. The lowermost exposed portion of the intrusion is characterized by the cumulate sequences of olivine and olivineclinopyroxene and display relatively flat rare earth element profiles. In the overlying lithologies, plagioclase is the dominant cumulus phase following olivine in the crystallization sequence. Olivine ranges in composition from Fo73 to Fo85 and plagioclase from An62 to An89. Variations in the compositions of orthopyroxene and clinopyroxene are within Wo0-4En52-87Fs11-45 and Wo39-50En23-50Fs3-19. These mineral compositional variations in part reflect cryptic patterns and correspond to normal fractionation trends in cyclic units. Elevated Pt and Pd concentrations of up to 2.6 ppm occur in ten zones within the central cyclic series in association with both the peridotitic and gabbronoritic rock types. The mineralized zones are about several meters thick and appear to have lateral continuities over several hundred meters, suggesting that they are stratiform. Platinum-group elements (PGE) occur as discrete platinum-group minerals (PGM) including vysotskite, merenskyite, michenerite, sperrylite, stillwaterite, and hollingworthite that are associated with magmatic sulfides composed of pentlandite, pyrrhotite, and chalcopyrite. PGM grains range in size from a few micrometers to well above 20 µm. Sulfur isotope ratios and the Se/S ratios of the mineralized rocks are typically higher than the mantle values. Sulfide saturation probably occurred as a result of assimilation of crustal rocks and magma mixing during emplacement of subsequent pulses of magma. Repetition of the PGE mineralization in rather thin cyclic units suggests that the replenishing magma probably had high PGE levels and was saturated with respect to sulfide during emplacement. Ingression of the replenishing magma into the chamber in a turbulent plume and its mixing with the resident magma was probably responsible for the formation of the PGE mineralizations in the Mechanic Settlement pluton.

Jan 1, 2000

By John Drobe, Robert M. Cann

"Abstract - The Minas de Oro Cu-Au skarn and replacement deposits are located in the highlands of central Honduras, 90 km north-northwest of the capital of Tegucigalpa.The deposits formed in Cretaceous volcano-sedimentary rocks following the emplacement of an early Paleocene granodiorite to dacite intrusive complex. Three types of skarn (Type IA, IB, and IC) and a low-temperature replacement mineralization (Type II) are recognized. Type IA skarn consists of massive brown-green andradite and lesser magnetite and pyroxene. Type IB skarn has magnetite + hematite as the main constituent and garnet <50%. Type IC skarn comprises >50% pyrrhotite + chalcopyrite with interstitial garnet or pyroxene. Au and Cu occur in potentially economic concentrations in all skarn types while other metals such as Ag, Pb, Zn, and Mo are locally present in significant quantities. The highly variable distribution and nature of the skarn deposits is controlled by: (1) intrusive activity, (2) composition of host rocks, (3) faulting and fracturing, and (4) attitude of host carbonates.Type II Au-Cu-As mineralization occurs in calcareous sandstone and conglomerate 2 km distal from skarns and comprises clots of Cu sulfides hosted within a zone of brecciation and quartz flooding. Garnet and/or magnetite skarn is not present and the mineralizing event appears to have been a low-temperature replacement type.The similarity of coeval Au-Cu-Fe skarns in central Guerrero, southern Mexico to Minas de Oro skarns, and the similar local stratigraphy is consistent with the generally accepted theory that the Chortis block originated from southern Mexico and during the Tertiary moved southeast to its present position."

Jan 1, 2000

By Peter Wells, Gordon Marrs, Dominic Fragomeni, Warren Holmes, Daryl Macnamara

"LocationThe Strathcona mill ofFalconbridge Limited is located in Onaping, Ontario, 50 km northwest of Sudbury.GeneralOre from the Falconbridge mines in the Sudbury Basin (Strathcona, Fraser, Onaping, Craig and Thayer Lindsley mines) is processed through the Strathcona mill with 8500 t of nickel ore and 1500 t of copper ore being treated daily. Current capacity is -3 Mt of ore at 1.8% Ni, 1.9% Cu combined grade. Custom feeds are also processed. The valuable minerals in the ore are pentlandite (FeNi)9S8, chalcopyrite (CuFeS2) with some cubanite (CuFe2S3) and very minor nickel sulphides/ arsenides. Cobalt is present mainly in solid solution in pentlandite. There are small but economically important concentrations of precious metals including platinum, palladium gold, and silver. The common non-sulphide gangue minerals are feldspar, quartz, mica, talc, and chlorite while pyrrhotite (Fe7S8) is the major gangue sulphide. The pyrrhotite contains between 0.6% and 1.2% nickel in solid solution and additional nickel as exsolved pentlandite in micron sized blebs. The nickel and copper ores are batch-crushed in a two stage dry crushing plant and then ground in separate circuits. Concentration by flotation and magnetic separation produces a nickel concentrate assaying approximately 16% nickel plus copper and a copper concentrate assaying 30% copper and 0.4% nickel. The nickel concentrate is trucked as a slurry to the Falconbridge smelter while the copper concentrate is trucked as filter cake to the Kidd Division of Falcon bridge"

Jan 1, 2000