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By A. J. Hynes, Lutes. G. G., Ravenelle. J. -F.

"The Anomaly A area of the Clarence Stream gold deposits in southwestern New Brunswick contains mineralized structures that bear geometrical relationships to regional folding events. The four mineralized zones of Anomaly A (AD, MW, 93, and Murphy) are hosted by turbiditic graywacke, quartzose wacke, siltstone, and argillite sequences of the Kendall Mountain Formation. A regional scale structural analysis reflects at least four deformational events, three of which appear to control the folded geometry of Anomaly A (D2, D3, and D4). F2 and F3 folds are coaxial and are refolded into a dome and basin geometry by F4 folds. The mineralized zones are subparallel to axial surfaces of F2 folds. Structural analysis of a mineralized zone exposed at surface indicates that gold mineralization is hosted by a quartz-vein system that comprises veins generated during both D2 and D3. Threedimensional representations of Anomaly A created using drill-core data and ®GoCAD suggest that the quartz-vein system was emplaced in fault structures during D2 as well as within brecciated dilation zones during D3. Three of the four zones that make up Anomaly A have F2 hinge surfaces that can be linked through a geometry compatible with the style of F3 and F4 folds. The apparent continuity of these three zones indicates the potential for kilometer-scale mineralized structures at Anomaly A. Le secteur de l’Anomalie A du gisement aurifère Clarence Stream contient des zones minéralisées qui montrent des relations géométriques avec les épisodes de déformation régionale. Les quatre zones minéralisées de l’Anomalie A (AD, MW, 93, Murphy) sont comprises dans une séquence turbiditique composée de grauwacke, de wacke quartzitique, de siltstone, et d’argilite appartenant à la Formation de Kendall Mountain. Des quatre épisodes de déformation étudiés par l’entremise de cartographie structurale, trois semblent contrôler la géométrie de l’Anomalie A (D2, D3, et D4). Les plis P2 et P3 sont coaxiaux et sont replissés en dômes et bassins par les plis P4. Les zones minéralisées sont subparallèles aux plans axiaux des plis P2. Une analyse structurale effectuée sur une zone minéralisée exposée à la surface indique que la minéralisation aurifère est localisée dans un système de veines de quartz qui contient des veines générées durant D2 et D3. Des représentations en trois-dimensions créées avec le programme informatique ®GoCAD à partir de données de forages suggèrent que le système de veines est localisé dans des zones de failles D2 ainsi que dans des zones de dilatation associées avec D3. Trois des quatre zones qui forment l’Anomalie A possèdent des plans axiaux P2 qui peuvent être liés par l’entremise d’une géométrie qui respecte le style des plis P3 et P4. La continuité apparente de ces trois zones indique qu’une structure minéralisée pourrait s’étendre sur plusieurs kilomètres dans le secteur de l’Anomalie A."

Jan 1, 2008

By Eric Low

Raising capital by issuing debt or equity is necessary in almost every corporation. In the field of corporate finance, the raising of capital is a heavily-studied topic. However, some of what is studied on this topic in corporate finance is not applicable in the mining industry. There are also many financing options that were created for the mining industry such as flow-through shares, prepaid forwards, and royalty sales. The cyclical nature of the industry makes the risk-return profile of financings more difficult to estimate than in other industries. Additionally, the methods used to assess firm value are different than other industries, as the values of orebodies are not included on balance sheets. For precious metals companies, which are a hedge against most other securities, there are additional complications with determining investor expectations and cost of equity. This thesis puts forth a decision-making framework to explain mine financing choices from the perspective of mining companies. The approach is threefold. First, all of the major equity and debt financing instruments available to mining companies are presented and analyzed. Each financing method is assessed on a wide range of criteria. Next, these concepts are applied in case studies of four companies: BHP Billiton, Barrick Gold, Teck Resources, and Noront Resources. For each company, the overall choice of financing methods is shown and analyzed. The effect of financing choices on the weighted average cost of capital (WACC) is calculated. The final section deals with case studies of individual mine finance decisions during the past two years.

May 1, 2011

By Rees J. Llewellyn

Improved product development, assessment methods and evaluation studies of materials for oil sands applications have traditionally focused on low and high stress abrasion and slurry erosion resistance mechanisms, because they were considered to be the predominant wear modes prevailing in oil sands mining, transportation and bitumen recovery. More recently with the very successful introduction of oil sands hydraulic transportation systems, there has been increasing use of crusher systems in which materials of construction are also required to have good toughness and gouging abrasion properties to withstand impact and the severe indentation and ploughing forces that are involved. To assess material property requirements for mitigating this additional wear mechanism, jaw crusher gouging abrasion tests using a modified ASTM G81 procedure, have been carried out on a range of wear materials of interest for oil sands mining service. The method involves a comparison of the wear losses that occur for reference and selected test plates when a controlled amount of standard feed rock is comminuted in a laboratory jaw crusher. Among the classes of material evaluated have been Q&T plate steels, austenitic manganese steel, chromium and chromium molybdenum white irons as plain castings and in laminated forms and also chromium carbide and tungsten carbide overlaid wear plates.

May 1, 2004

By J. E. Sepulveda, R. Morrow

"In full scale mineral grinding operations, the steel balls normally utilized as auxiliary grinding media get to be consumed at different specific rates, as determined by 3 basic mechanisms: abrasion/corrosion (wear), impact ball breakage and impact surface spalling, the latter relating to the removal of rather small pieces of steel coming off the exposed surface of the balls due to repetitive impact with other balls in the charge or the surrounding mill liners. In conventional ball milling applications, the clearly predominant mechanism is gradual wear by abrasion/corrosion. In the case of SAG mills, where the make-up balls may be as large as 6”f diameter, breakage and spalling mechanisms are significant contributors to total ball consumption, although not to the extent of overriding wear mechanisms.Ball wear has been well characterized by the Linear Wear Theory, as presented at the last CMP 2014. Impact breakage has been customarily monitored, at the ball manufacturing site, via Drop Ball Tests (DBT) consisting of repeatedly dropping balls from a standard height and accounting for the number of broken balls and the weight loss (spalling) of the remaining unbroken balls. When properly conducted, DBT’s should provide meaningful indications of the breakage and spalling resistance of large diameter balls. The current publication is focused on the interpretation and projection of DBT results to full industrial scale, taking into account all 3 mechanisms of grinding media consumption in SAG mills.INTRODUCTIONA thorough, quantitative understanding of the independent contribution of all active grinding media consumption mechanisms is of the highest practical relevance, particularly in semiautogenous (SAG) milling operations where ball breakage and spalling can not be ignored or neglected, as it has been normally acceptable for conventional ball milling processes. The high severity impact conditions currently imposed in typical SAG mill environments create serious challenges to the manufacturers and suppliers of large diameter (5”–6”) SAG balls, whose products must be capable of surviving such harsh operational conditions with minimum breakage or spalling."

Jan 1, 2015

By F. Lindroos

A cornerstone in the LKAB Green Pellet concept is to produce pellets with a small footprint in terms of energy con-sumption, CO2 emission and emission of other elements harmful to the environment, like dust, sulphur dioxides, nitrogen oxides, chloride and fluorine. The concept also encompasses our determination to make pellet products that contribute to low environmental impact and low energy consumption in our customer?s processes. The presentation will focus on the pelletizing process. It will describe both how we have attempted to decrease the generation of unwanted components in the process gas, and how we have tested or evaluated equipment for external gas cleaning. We will discuss and give examples from recent and on-going efforts and outline some of the future challenges we see, to meet our own environmental standards and also the tough demands imposed by EU and national legislation, while striving to boost production.

May 1, 2011

By L. W. Hamel

"DUST CONTROL - GRANISLE COPPER LIMITEDINTRODUCTIONGranisle. Copper Limited is located in the north-central region of the Province of British Columbia, approximately 200 road miles north-west of Prince George. Mill startup was in November, 1966, at a rate of 5,000 tons per day, expanded to 13,000 in 1973. The primary crushing rate is 1,200 tons per operating hour, and the secondary 750, and they can be operated jointly or separately.DUST COLLECTION SYSTEMS There are seven dust collection systems ventilating the crushing and grinding complex. The individual pickup points are depicted on Figure 1 -""Crushing Plant Flowsheet"", and Figure 2 - ""Concentrator Flowsheet"", e.g. 1A, 1B, 3C, etc.System No. 1 - Primary Crusher The feed rock box of the Allis-Chalmers superior 42-65 primary crusher is ventilated by 19,000 CFM of air exhausted directly to atmosphere by a Sturtevant 426 M fixed discharge fan.No. Dust Pick Up Point CFM lA Crusher Feed Rock Box 19,000System No. 2 - Primary Crushing and Screening System No. 2 ventilates the primary crushing and screening equipment. A total of 19,000 CFM of air is exhausted by a Sturtevant 426 M fixed discharge fan through a Howden Type S - size 75 cyclone locally modified for wet scrubbing."

Jan 1, 1976

By H. Cay, J. Zachwieja, T. Esplin, R. Ravenelle, T. Olsen-Tank

Barrick Goldstrike mine utilizes a carbon-in-leach (CIL) circuit to simultaneously leach gold into solution with cyanide and adsorb the gold-cyanide complex onto activated carbon for further refinement. If the gold bearing ore contains a significant amount of native carbonaceous material, gold cyanide can be adsorbed at these sites instead of onto the desired activated carbon and the gold is effectively lost to tailings in a detrimental process known as "preg-robbing." The preg-rob effect is considerably reduced by treating the ore with a surfactant, which is hypothesized to adsorb to and passivate the native carbon surfaces. Past laboratory and pilot studies have consistently demonstrated significant gains in gold recovery after treating carbonaceous ore with surfactant. With success in bench and pilot scale testing, a plant trial was conducted at Barrick Goldstrike to evaluate the feasibility of using an alkoxylated fatty amine surfactant (Ethomeen T/12) to aid in the leaching of high preg-robbing ores. This paper analyzes the performance of the surfactant during the plant trial in addition to the problems that occurred during the trial period. Suggestions for improvement are also discussed.

Jan 1, 2014

By A. F. Banks

"Potash processing in Canada commenced on a commercial scale in 1962. Over the last 25 years it has grown into a world-class industry with many advances in processing technology. As it is a relatively young industry, many more advances can be expected. Unlike much of the mineral production in Canada, potash is sold as a range of finished products. The processing involves potash recovery and finishing in about equal amounts in terms of the effort of processing. Environmental concerns are not insignificant and are being treated uniquely in some areas. Research and development efforts, while not carried out on a large scale, are attacking industry problems on a wide front.THE INDUSTRYThe Canadian potash industry has 12 producing mines, 10 in Saskatchewan and 2 in New Brunswick. The total productive capacity of the industry is 18,300,000 tonnes of products per year. At capacity, the industry 1•ill process the equivalent of about 53,000,000 tonnes of ore per year. Plants range in size from 8,000 tonnes to 24,000 tonnes of feed per operating day. In product terms this is from 2,500 to 3,500 tonnes of products per day.Of the 12 mines, 11 are conventional underground mining operations with potash recovery principally by flotation supplemented by crystallization and one is a solution mine where mining is achieved by dissolving the potash and salt in underground caverns and then treating the solution in an evaporator/ crystallizer circuit. In all plants there is commonality of unit operation in the product screening and compaction sections. There are three principal ores being treated in the conventional plants. These may be characterized in general terms as follows:"

Jan 1, 1987

By J. D. Jorgenson

?? U.S. domestic production peaked at 120 Mt during years of the Korean Conflict120 Conflict ?? Pellet production increased, as highPellet high-grade ores decreasedores decreased ?? Until 1982 recession, most U.S. iron ore mines owned by steel companiesmines companies ?? Large Canadian iron ore mines brought into production after 1950into 1950

May 1, 2011

By Derek Ettie

"In the Hydrometallurgical processes, the presence of the so-called "crud" is a constant challenge in solvent extraction. Crud is a stable emulsion which forms along the interface between the aqueous and organic phase. The spread is influenced by the following parameters: first, wind blows the dust and impurities into the open sedimentation tanks. Second, the undissolved solids such as sand transported in the PLS causing problems in conjunction with incorrect agitator design.The crud fraction can decisively impact the efficiency of the hydrometallurgical extraction because the phase interface can constitute a large fraction and the sedimentation tanks cannot react flexibly to it. In the downstream process of the series-connected sedimentation tanks, they are thus all contaminated with crud. At the same time, the necessary mass transport is significantly impeded at the phase boundary between organic phase and aqueous phase due to the crud formation.The transfer of the organic phase into the electrolysis cell can result in a "burnout" of the cathode. The carryover of this electrolyte into the extraction can cause problems with the pH regulation. The carry-over of the organic components into the raffinate also leads to contamination of the leaching circuit. The continuous treatment of the crud with a 3-phase decanter centrifuge is extremely effective in combating this problem. This technology splits all three phases from each other and they are consequently continuously separated. All subsequent process steps exhibit a stable, uniform effectiveness. The main advantage for the customer is that fluctuations in the process are eliminated and the organic phase can be recirculated back to the extraction. The recycling of the solvent alone justifies the investment in less than 6 months as examples from South Africa and Chile show.To operate solvent recovery in daily operation fully automated online at the optimum limit, the decanter centrifuge is equipped with a concentration-dependent pond adjustment called DControl® by this means, we can guarantee our customers the maximum possible solvent recovery and minimize the solvent costs in this process step. This system is presented in detail in this paper."

Jan 1, 2014

By Stefan Wallner, Andreas Filzwieser, Stefan Konetschnik, Reinhard Preiss, Iris Filzwieser

"Process Safety Management for METTOP means avoiding risks as far as possible - but also dealing with the residual risk by using all existing management tools or external assistance, if required. The presented paper has two parts. The first one introduces a new and very safe cooling technology for metallurgical furnaces. The second part shows how to deal with the residual risk as well as minimize it by using the tapping area of an electric arc furnace as an example.Today more and more intense furnace operations require effective cooling in order to achieve low refractory wear and good furnace lifetime, making cooling technology an important aspect of furnace operation. However, the use of water - today’s standard cooling medium - has some disadvantages, as it can cause problems both during furnace start up and operation, namely hydration problems, corrosion, and explosion.To overcome the disadvantages of water, a new cooling technology using an alternative cooling medium, namely ISIS B (a special kind of ionic liquid) was developed. The main advantage of ISIS B is the fact that no explosion occurs when this liquid comes in contact with molten metal. The working temperature range of ISIS B of 50 to 200 °C results in other advantages as there are no corrosion problems and no risks of hydration.The fact that no explosion occurs when ISIS B contacts molten metal leads to a revolutionary solution for the metallurgical industry in terms of safety. Especially in critical areas - like tap-holes - new safety standards can be achieved.Together with the TÜV Austrian Holding AG a risk analysis was done for a water cooled tap-hole as well as for a tap-hole cooled with ionic liquids. It is shown that using the new technology the risk can be decreased dramatically and the importance of a best available technology is described."

Jan 1, 2014

By Martin Nevens

"In 1998, the Iron Ore Company of Canada initiated an aggressive program to improve the performance of its Carol Lake Concentrator located in Labrador City, Newfoundland. This program was termed the Concentrator Upgrade Program. The Concentrator Upgrade Program was a group of initiatives developed with the common goal of improving the overall process and operations of the IOCC Carol Lake Concentrator. The main goal of the program was to increase the annual production capacity of the concentrator from 18.0 million tomes to 21.6 million tomes. This gain in capacity was to be done mainly through improvements in process iron recovery. The target iron recovery value was 80+% versus a historical value of 70%. This improvement in iron recovery would translate to a natural weight recovery improvement from 44% to 50%.The Concentrator Upgrade Program provided the first opportunity in 30 years to make fimdamental changes to the concentrator flowsheet. To accomplish this, several pilot plants were built to evaluate new circuits. AAer 2 years, a new flowsheet was selected for the primary gravity separation circuit and the magnetite circuit. The centrepiece of the new flowsheet was the introduction of Hindered Settling Separators to the metallurgical process.The Concentrator Upgrade Program has since proceeded into detailed engineering and, as of February 2001, construction. The first one of IOCC’s 3 primary AG Mills (Mill 11) has been converted to the new flowsheet at the time of writing and is in the throes of commissioning. This paper will review the flowsheet development program in the pilot plant for the gravity separation circuit and examine the overall benefits to the operation of the IOCC Carol Lake Concentrator."

Jan 1, 2002

By Stephen R. Grano, Jon Glatthaar, Philippe Steinier, Christopher J. Greet

"The importance of the oxygen content of sulphide mineral pulps in determining which reactions occur, and their subsequent influence on flotation behaviour is grossly underestimated in most operating concentrators. While pH is routinely monitored, Eh and dissolved oxygen measurements are obtained infrequently. However, dissolved oxygen measurements in conjunction with other pulp chemical parameters (i.e. pH, Eh, and EDTA extractable metal ion analysis), can provide valuable insight into where and what type of reactions are occurring within a circuit. Unfortunately, these readings yield “instantaneous” measurements of the pulp chemical parameters.What is needed is a means of establishing how reactive a pulp is, and how this reactivity changes as components of the system are manipulated. Oxygen demand provides an opportunity to do this. Several attempts at measuring the oxygen demand of a pulp have been made in the past with varying degrees of success. Most notable among these are Noranda and BOC Gases.Learning from these experiences, Magotteaux have developed the MagO2 ® demand vessel to measure the oxygen demand of mineral pulps. This paper described the apparatus, and through a case study on Broken Hill lead/zinc ore demonstrates how the MagO2 ® demand vessel is used.INTRODUCTIONThe role of oxygen in flotation is complex. While a considerable body of work exists demonstrating the strong involvement of oxygen in the interactions between sulphide minerals and collector (Gaudin and Finkelstein, 1965; Gaudin, 1974; Woods, 1984; Laajalehto, Nowak and Suoninen, 1993), the presence of oxygen can also affect the oxidation state of sulphide and non-sulphide minerals, which can impact on their flotation behaviour. Further, sulphide mineral oxidation is related to their oxygen demand (Spira and Rosenblum, 1994)."

Jan 1, 2004

By P. Mark. Hawley

Development of Barrick Gold?s Pierina Gold Mine in north-central Peru requires construction of a waste dump for disposal of non-ore grade materials stripped from the open pit to expose the ore. The waste dump site is located near the open pit in a U-shaped valley that is underlain by thin colluvial and morainal soils with locally thick peats and glaciolacustrine deposits. Bedrock underlying the site consists of variably weathered volcanics. The site is subject to moderately high seasonal rainfall and significant seismicity. The geotechnical quality of the waste rock is highly variable, ranging from low quality, degradable, soil-like materials containing appreciable quantities of silt and clay, to high quality, hard, durable, blocky waste rock. A hybrid dump design concept was developed that requires in-pit segregation of high and low quality waste, and selective placement of materials in the dump to maximize stability and enhance internal and subsurface drainage. The design includes a rock drain beneath the dump along the axis of the valley and a series of connected finger drains. Extensive peripheral diversions and stormwater control measures to inhibit infiltration of precipitation are also included. This paper discusses the unique challenges presented by the site and waste materials, the design methodology and stability analyses, and planned monitoring systems.

May 1, 2002

By Diankun Lu, Ganfeng Tu, Edouard Asselin, Feng Xie

A novel separation process for detoxifying cadmium-containing residues arising from zinc hydrometallurgical processes has been developed. An initial investigation indicated that a high concentration of zinc in the sulfate solution can be effectively separated from cadmium by solvent extraction with P204 (di(2-ethylhexly)phosphoric acid, D2EHPA). The mixture of sulfuric acid and ammonium citrate ((NH4)3C6H5O7) is thus used to extract metals from the residue at room temperature. Copper in the leachate is recovered by solvent extraction (SX) with LIX 973. Cobalt in the raffinate from the copper SX process is recovered by precipitation with a-nitroso-ß-naphthol. The results show that more than 50% of the copper and virtually all the zinc, cadmium and cobalt in the residue can be leached under the experimental conditions used here. Virtually all dissolved copper and cobalt can be recovered in the subsequent solvent extraction and precipitation processes. The presence of (NH4)3C6H5O7 could significantly facilitate the extraction of zinc by D2EHPA in the subsequent separation of zinc and cadmium. More than 97% of the dissolved zinc can be recovered through a two-stage counter current solvent extraction process. After separating copper, cobalt and zinc, cadmium can easily be recovered from the solution either by cementation with zinc powder or by electrowinning, while the purified solution can be recycled back to the leaching process.

Jan 1, 2014

By Lloyd Rowson

??Several factors have led to a review and reoptimization of the Midwest uranium deposit by AREVA Resources Canada Inc., the project operator, on behalf of the owners ??The current proposal is to mine the deposit using open pit methods and then transport the ore by truck on a dedicated road linking the Midwest site with AREVA?s McClean Lake Operation (JEB mill) for processing ??A decision has been made to begin mining the deposit by 2010 (pending regulatory approvals)

May 1, 2008

By J. L. Collins

"Une recherche debutee en 1987 tente de cerner divers éléments ayant un impact sur la productivite miniére, de facon à améliorer la planification des operations souterraines. II a été possible de recueillir jusqu'à trente variables dans sept opérations minières differentes du Nord-Ouest québécois. Cette présentation rend compte de quelques résultats préliminaires obtenus à l’une d'entre elle. Entre autres, elle montre comment une association entre une analyse de régression multiple et un logiciel d'optimisation (OPTIMUL) peut servir à une application particulière de la planification d'une opération minière du Québec. Plus spécifiquement, la présentation montre comment une quantité appropriée de ANFO et de TOVEX peut maximiser la quantilé de minerai cassé, minimiser les couts de sautage ou encore minimiser les coûts d'explosifs par tonne de roche cassée, en se basant sur une série de contraintes réalistes provenant de la mine.ABSTRACTA study, underway since 1987, tries to evaluate factors affecting mines' productivity. Information has been collected from seven underground mines in Quebec and this paper shows preliminary results from one. In particular, it shows how a combination of multiple regression analysis, mathematical programming and a set of realistic mine constraints can be used for a particular application of mine planning. More specifically, the paper shows a parallel between maximizing production of tons of broken are, minimizing explosives costs or minimizing the costs of explosives per ton of broken are by an appropriate selection of ANFO and TOVEX quantity of explosives. Finally, the paper shows that minimizing the costs of explosives per ton of broken are is the best alternative to follow providing a special optimization program can be set up."

Jan 1, 1990

By A. H. Marquis

Since the start-up of its first Direct Reduction Module in April 1973, S1DBEC has produced over 2 million tons of prereduced iron. During this period, SIDBEC has acquired comprehensive experience in the operation of the direct reduction process and at the same time has learned to recognize the characteristics that the oxide should have to constitute an adequate feed for the process. A comparison is made as to the design and operation of the two direct reduction units now operating at Contrecoeur, Que. A description is given of a method of evaluation of a direct reduction unit, which takes into account the main process variable sand which permits comparison ofthe results on a daily basis. The paper defines the characteristics that the iron oxide and the prereduced iron pellets must have to meet the specific requirements of the direct reduction and the electric arc furnace processes. A simple model makes possible a rapid evaluation of the technical and economic effect related to the use of a given raw material. Finally, the paper outlines the advantages of prereduced iron in the steelmaking process and on the quality of the steel products.

Jan 1, 1979

By Kim Le Roux

Cemented paste backfill (CPB) is a relatively new material that is increasingly being used in open stope mining across the world. The advantages offered by this high density tailings backfill include: a lower total cost associated with backfill placement, reduction of excess water underground; and the elimination of the need to process the tailings prior to placement. However, almost all backfill design is based on the performance of laboratory prepared samples since it is difficult to obtain undisturbed samples and conduct in situ testing due to the lack of access to backfilled stopes and the safety concerns in accessible areas. The logistical problems associated with conducting in situ testing and obtaining undisturbed samples of cemented paste backfill (CPB) has lead to the reliance in the mining industry on performance data obtained from laboratory prepared CPB samples. The degree to which these laboratory prepared samples represent the actual in situ condition is not well defined, partly because the influence of the mixing, transport and placement process on the material properties it is not well understood. Therefore, there is a need in the industry to understand how the material properties and hence the performance of the laboratory prepared CPB compares with in situ material. This paper reports the findings of an investigation into the in situ properties of CPB at a gold mine in Northern Ontario. A combination of in situ and laboratory testing, conducted on undisturbed samples, was used to quantify the in situ properties and performance of the CPB. These results were then compared to those of a laboratory based investigation of the same CPB. It is evident from this investigation that the bulk properties of the in situ CPB are different from those of the laboratory prepared CPB. The most significant observed differences are that the in situ CPB has a higher void ratio and a lower degree of saturation than the laboratory prepared material. The implication of these differences on the stability and performance of the CPB will also be explored in this paper. 1

May 1, 2002

By Shawn Healey, Ray Norcross

"Site IdentificationNew Britannia MineA 50/50 WX Gold Inc. - High River Gold Mines Ltd. Joint VentureTVX Gold Inc. is the OperatorLocationThe New Britannia Mine is located in the town of Snow Lake, Manitoba, which is situated between Flin Flon and Thompson, 420 miles north of Winnipeg.Brief Description of OperationNew Britannia Mine processes 2000 tonnes per day at an average grade of 4.5 g/t. Mill recoveries are currently 91 YO, accounting for forecast of 98,000 ounces for 1998.New Britannia Mine's mill complex incorporates conventional crushing, grinding and carbon-in-pulp technology. The design capacity of the New Britannia Mine mill is 1850 tonnes per day. The mill has processed upwards of 2300 tonnes per day, with no required upgrades.Gold recovery averaged 89.8% for 1997 compared to the planned 87% recovery expected from projected metallurgical test work. Year to date recovery mid December 1998 stands at 91.1 %Cash costs for the 1998 year to date were down to U.S. $221.49 per ounce, down 12% from the 3rd quarter of 1997. Milling costs for 1998 YTD were at Cdn. $9.38 per tonne and Cdn. $73.50 per ounce.Geology - (Orebody Description)The Snow Lake gold deposit is located within the Aphebian Flin Flon / Snow Lake Greenstone belt. This belt is composed of an assemblage of poly-deformed volcanosedimentary supercrustal sequences intruded by pre and sin tectonic ultra mafic and mafic intrusions and sin to post tectonic granitoid.The principal gold bearing rock at the New Britannia Mine is made up of quartzcarbonate material in sequence of basic and acidic volcanic rocks contained within a shear zone. The ore itself is gold associated with the sulphide mineral arsenopyrite and contains some pyrite, pyrotite, plus chalcopyrite. Proven and probable reserves at December 31, 1997 were at 4.04 million tonnes at 4.6 g/t and underground exploration continues to confirm the extension of the ore zones to depth."

Jan 1, 1999