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By N. I. Basuki, E. T. C. Spooner

"The Bongara area, northern Peru, contains Zn-Pb mineralization with characteristics typical of Mississippi Valley-type (MVT) systems. The northwest-southeast-trending late Triassic-Jurassic car¬bonate host rocks of the Pucará Group were locally replaced by early (D1) and late (D2) dolomite. Fluid inclusion microthermometric data from dolomite and sphalerite are typical of MVT ore fluids (78° to 187°C; ~15-23 wt.% CaCl2 equivalent), and do not show apparent covariation between temperature and salinity.Homogenization temperature data from D1 and D2 dolomite show a decrease from northern (mean Th = 138°C) to central (mean Th = 126°C) to southern areas (mean Th = 102°C), suggesting fluid flow from north to south. Assuming a geothermal gradient of ~30°C/km and an average surface temperature of ~20°C, the lower temperature limits might approximate the ambient host-rock temperatures, whereas the upper temperature limits may represent minimum temperatures of a deeper aquifer, probably at a maximum depth of ~6000 m. The lower temperature limits are also similar to the estimated temperatures if dolomitization and mineralization took place in the Late Cretaceous at ~2000-3000 m depth, probably during the formation of the Peruvian fold and thrust belt near the present day Peru-Ecuador border.Fluid inclusion data show that the fluids in each studied location had relatively uniform temperatures and salinities during dolomitization and mineralization. A significant salinity drop and a slight temperature decrease are observed during late calcite precipitation, suggesting mixing of brines with dilute, cooler fluids."

Jan 1, 2009

By D N. B Skinner

Changes in the configuration of late Cenozoic volcanic arcs related to Pacific-Australian plate convergence in northern New Zealand may have localised large-scale epithermal gold-silver mineralisation to a particular part of the volcanic arc system, the Coromandel Volcanic Zone (CVZ). The history of arc-type volcanism in northern New Zealand began with the development of the continental margin Northland Volcanic Arc from early-mid Miocene (26-15 Ma). From 18-15 Ma the Northland Volcanic Arc extended south into the northern and western part of the CVZ where it is dominantly composed of andesite with lesser dacite and very minor rhyodacite. In the south, centre and east of the CVZ, younger andesite-dacite volcanism overlapped in space and time (14-5 Ma) with voluminous rhyolitic volcanism associated with rift-hosted calderas and minor basaltic eruptions. This change to bimodal rhyolitic-basaltic volcanism and extensional tectonics was a result of southwest (SW)-directed propagation of the Colville-Lau oceanic island+ arc into the north-northwest (NNW) trending Northland Volcanic Arc and its underlying continental crust. The extensional tectonic regime created in the collision zone between the two arcs is also the site of the 14-6 Ma Coromandel epithermal gold-silver province, which contains some 50 separate deposits and has a production (1862-1996) of about 300 t Au and 1150 t Ag. Extensional tectonics facilitated the emplacement of silicic magma at shallow crustal level and led to reactivation of deep basement faults. The resulting enhanced heat flow and fault-focused fluid flow localised large hydrothermal systems and associated extensive low-sulphidation epithermal gold-silver deposits in the southern part of the province, as at Waihi, Golden Cross and Karangahake.

Jan 1, 1997

By George L. Gates

The Bureau of Mines studied pressure-buildup data from a number of California gas wells to determine if the reservoir properties calculated from these data correlated with field-observed reservoir properties. Pressure-buildup curves from 24 wells showed distinct changes in slope, indicating changes in permeability of the reservoir rock. Calculated distances from the wells to indicated permeability changes were in fair agreement with distances deter-mined in the field. Pressure-buildup curves from three wells had more than one distinct change in slope, indicating multiple permeability changes. Thus field data supported the theoretical relations used to calculate reservoir properties from pressure-time relations measured in gas wells.

Jan 1, 1967

By Cam Thomas

The initial application for reflectorless laser technology was for profiling rock faces to determine front row burden and improve flyrock control and airblast. Over the past fifteen years a number of laser systems have been developed for general ground modeling purposes and GPS offsets, but these advances have yet to gain common acceptance in construction, mining and quarry blasting. This paper will outline a number of applications for reflectorless laser technology, including the latest method for rock face profiling, mapping, and 3-D modeling to calculate available and excavated rock volumes. Drilling deviation measurements will be presented in conjunction with rock face profiling to demonstrate how this information can be used to improve blast results. In complicated excavations, the actual quantity of rock excavated for payment purposes and the amount of overbreak can be very controversial. Procedures to calculate these volumes using laser technology will be outlined and comparisons will be made between these results and traditional techniques.

Jan 1, 2003

By A. Halim, J. Gustafsson, A. van Wageningen, J. Johansson, · J. Lööw, K. Kocsis

A major part of the European Union’s (EU) project Sustainable Intelligent Mining System (SIMS) is investigating the development of diesel-free/carbon–neutral underground mines in order to ensure sustainable underground mining in the future. Replacing diesel machines with electric vehicles in underground hard rock mines has been widely acknowledged by the mining industry worldwide as a critical step to improve working conditions by reducing diesel exhaust–related contaminants, to reduce mine ventilation electrical power cost by reducing mine airflow quantity, and to reduce mine greenhouse gas emissions. All of these are major requirements to achieve sustainable future underground mining practices. A field trial of Epiroc’s 2nd generation of Battery Electric Vehicles (BEVs) at Agnico Eagle Finland’s Kittilä mine was conducted during 2019–2020. Vehicles tested were MT42 mine truck, ST14 Load-Haul-Dump (LHD), and Boomer E2 jumbo drill rig. This paper outlines the improvement of the working conditions observed in the field trial, and the opinions of the mine personnel at Kittilä mine on using BEVs instead of diesel machines. Measurements of atmospheric contaminants and air temperatures taken during the field trial clearly demonstrated a significant improvement of working conditions when BEVs were operating as opposed to diesel machines. This field observation was supported by the opinion of the majority of the Kittilä mine workers. However, some remaining concerns must be addressed before BEVs can replace diesel machines.

Oct 25, 2021

By M. Steyn

The coordination compound tetrakis(1,3-diphenyl-1,3-propanediona to)zirconium(IV), [Zr(DBM)4], (DBM = dibenzoyl methane/1,3- diphenyl-1,3-propanedionol) was synthesized and characterized by single-crystal X-ray diffraction. [Zr(DBM)4] crystallizes in the monoclinic space group P21/c (a = 24.769(4) Å, b = 10.216(5) Å, c = 19.314(4) Å, and = 101.541(5)°). The coordination geometry around the zirconium atom, formed by the eight O-donating atoms of the four -diketonates, is found to be a near-perfect square antiprism. Crystal packing is stabilized by C?H... interactions throughout the crystal lattice. This structure is a noteworthy example of the application of ambient condition synthesis of zirconium compounds in N,N'-dimethylformamide (DMF) as reaction and crystallization solvent, highlighting the possibilities of aerobic condition metal purification through chelation.

Jan 1, 2014

By K. Sakai, M. Miyaue, T. Aoki, T. Tani, S. Tanaka, N. Kudo

In the planning stage of a tunnel, due to limited available technology in the geological survey and the financial restriction, tunnel supports are often designed from unsatisfactory information, and the tunnel construction is started. Therefore, "observational construction" is carried out in the construction stage, in which the design is rationally verified and modified by observations/measurements. Moreover, the ground conditions ahead of a tunnel face must be predicted for efficient and safe tunnel construction. The authors have examined effective prediction methods to the ground conditions ahead of a tunnel face under construction of a mountain tunnel (Aoki et al., 2010) in view of the established method (Schubert et al., 1995). Though the prediction method of Schubert et al. requires the displacement in the direction of tunnel axis, it is difficult to obtain its accurate data by the electro-optical distance meter. Then, we have proposed a method that uses tilt sensors installed at the tunnel crown near the face to obtain the slight tilting information. To measure inclination of the tunnel crown, this inclinometer was originally developed as a daily management measurement, such that the geological condition and its possible change behind the face could be detected early, and a steady advance and construction safety could be ensured. This paper describes the method of forward prediction mechanism and advantages of this proposed method. It then presents the typical results of a field demonstration test at a tunnel under construction. Lastly, the predictable range from the stratum boundary at which ground stiffness changes are discussed based on the results of three-dimensional numerical analysis.

Jan 1, 2015

By W. T. Bell, M. P. Lebourg

The perforating of multiple tubingless completions, in which two or more strings of 27/8-in. OD casing are installed in the same borehole, presents two basic problems. First, good completion practices require an eficient perforator that leaves no debris to interfere with subsequent completion operations. Second, and of more complicated nature, a system is needed for controlling the direction of fire so that adjacent strings are not damaged. Development of of a 2-in. OD, steel retrievable, shnped-charge gun has solved the first problem. The second was resolved through development of three different devices to provide directional perforating for the two types of completion methods being employed today. These include a mechanical orienting device and two self-orienting radiation devices. Conceivably, the latter methods could be adapted to the directional perforating (of .upper zones) of conventional dual and triple completions without removing production tubing and packers. INTRODUCTION The recent trend to multiple tubingless completions,' wherein two or more strings of 27/8-in. OD casing are installed in the same borehole, has presented two basic perforating problems. The first problem to be overcome was the design of a gun that would result in efficient perforations without causing debris to bridge in these small-diameter casings. The second problem was, of course, to devise a system for controlling the direction of fire such that adjacent strings would not be damaged. The problem of gun debris in slim-casing completions has been well defined in the numerous 27/8-in. single tubingless completions which have been effected during recent years with the expendable-type perforators. Failure of expendable-gun debris to settle out properly, even with good gun break-up, has resulted in bridging inside these small-diameter casings. This, in turn, has interfered with completion and re-conditioning operations. The past two years have clearly shown, in fact, that debris problems are not confined to this small range of casing with most designs of expendable-type guns. A high incidence of bridging has even been reported in 4%-in. OD casing. The perforating of multiple tubingless completions has entailed, therefore, the development of a completely debris-free gun of adequate performance, as well as the necessary devices to provide positive directional perforating in the two completion methods presently being employed. THE GUN —DESIGN CONSIDERATIONS The design of a shaped-charge gun for slim-casing perforating has presented a maze of interrelated prob-lems. Since the primary specification has been leveled at efficient charge performance with complete elimination of gun debris, it has been necessary to develop a retrievable steel-carrier gun of tubular construction to house the charges. The carrier must be retrievable through 2.29-in. API pump-seating nipples which are usually installed in 2 7/8-in. strings. To provide for recovery of the gun from the well, swelling of the carrier on firing must be carefully controlled. Control of swelling automatically means control of explosive weight in the shaped charge which, in turn, influences charge performance. Carrier swelling also depends upon the confinement pressure at the level being perforated, which imposes a hydrostatic pressure-depth limitation. Burr interference on the wall of the carrier, resulting from passage of the jet through the carrier wall, must be eliminated by suitable design. Clearly then, a satisfactory shaped-charge gun design for slim-casing operations represents a fine balance between carrier swelling, hydrostatic pressure, explosive weight and charge performance. Additionally, to lend itself to directional perforating, the gun design must provide a positive locking mechanism for individual charges within the gun carrier. This fixes charge orientation within the carrier and prevents

By Roger "Dean" Skaggs

Mechanical rock drilling is about 150 years old, and the fundamental principles of augering, penetration and dragging, pressure and rotation, and percussion have not appreciably changed. Surface mining blasthole drilling employs relatively shallow blastholes (to about 100 to 130 feet or 30 to 40 meters) with respect to the blasthole diameter and hole alignment while problematical is not a major universal problem. Modem underground mining methods are spacing development levels up to 400 feet (130 meters) apart, to take advantage of high powered mechanical drilling methods, requiring very long blastholes compared with surface mining. Blasthole alignment is a major problem in underground mining and this paper will address the aspects of percussion bit design which impact on hole alignment and drilling and blasting costs, i.e. bit geometry, cuttings removal, penetration-retraction.

Jan 1, 1997

By M J. Pejovic, S BoÜevski, I Miljanovic, M Hudej, A Milutinovic, A Petrovski

The paper deals with the problem of managing the supplies of consumables (energy resources, lubricants, explosives, explosive supplies, tires, spare parts, etc) in mines. After the introductory remarks and comments, a general stochastic model of supply, relating in general to the dynamic programming method is presented. A selection of stochastic supply model for experiments and research by the authors of this paper is not a coincidence, based on of their long experience, showing that this type of model is the most suitable to provide support for decision-making and management of supplies of consumables in mines.In order for the problem?of?consumables?supply?management to be reviewed, in whole and objectively from the aspect of risk, experimental tests of the stochastic model in real conditions were performed at the limestone open pit mine æZelenikovecÆ near Skopje, the capital of Macedonia. The scope of the experimental research enabled reliable analysis. The results obtained confirm the efficiency and reliability of the stochastic model and two separate manipulative-operational positions regarding its application, which may have an important influence on the optimisation of supplies.

Sep 26, 2011

By C M. Standen

The SAG mill at Rasp Mine has undergone a number of liner design modifications since commissioning in 2012, making liner wear and failure difficult to predict from historical data. During 2017, several instances of liner failure or near failure were experienced resulting in unplanned downtime for emergency relines or to patch liners in the lead up to a planned shutdown. The strategy for relining mills is often to minimise the frequency of relines (and subsequent shutdown costs) by extending liner life, achieved through design modifications. However, it was observed that as the Rasp SAG mill liners wear, mill performance declined with power draw increasing and throughput declining. Opportunity and inefficiency costs start to erode the revenue per additional tonne milled for a given set of liners, and in turn the benefit of delaying relines. As such, optimising the frequency of relines becomes a trade-off between reline costs and opportunity/inefficiency costs in delaying relines. The aim of this paper is to demonstrate a frame work for analysing costs using a marginal economic analysis with the assumption that the Law of Diminishing Returns can be applied to the life of mill liners. The SAG mill operating variables can be modelled to determine their impact on costs and an optimal reline point can be defined where the total costs are minimised. This prevents unexpected failures due to accelerated wear by providing justification to reline earlier and thereby allowing efforts to be focused on sustaining milling performance.CITATION:Standen, C M, 2018. An economic approach to optimising mill reline frequency – a case study of SAG mill relines at Rasp mine, in Proceedings 14th AusIMM Mill Operators' Conference 2018, pp 197–206 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 29, 2018

By Irving Hartmann

Modern mechanized mining with high-speed machines, multiple-entry systems, multiple blasting, high-velocity air currents, and rapid haulage has brought many economic benefits and has on the whole enhanced safety in the coal-mining industry. It has, however, also introduced some added hazards, the control of which requires concerted effort and ingenuity. Mechanized mining has greatly increased the production and dissemination of fine coal seam or in mine entries. Use of high-speed machines has increased the probability of formation of incendive sparks, which are produced by frictional contact between moving metals and certain mineral substances in the coal seam or in the adjoining rock strata. In gassy seams rapid extraction of coal has increased the rate of gas evolution. These facts have made more urgent the need of preventing the ignition of coal dust and the development of widespread mine explosions. The ignition hazard can be controlled best by eliminating all potential igniting sources and by careful attention to ventilation designed to prevent accumulation of gas capable of triggering a coal-dust explosion. Frictional spark ignition by mining machines and suggested safeguards are discussed in a recent publication. Extensive research and long experience have shown conclusively that the propagation of coal-dust flames can be arrested and the development of widespread explosions prevented by properly applied, generalized rock dusting.

Jan 1, 1956

By P Gleeson, J Coombes, P Suresh, T McLennan

The last 20 years have seen a dramatic rise in the use of 3D visualisation and modelling for geological data, but there has been relatively little effort to do the same for the variogram models that underpin the standard estimation algorithms used by the mining industry.For kriging, one of the most used geostatistical estimation methods, specifying a variogram model is a critical part of the modelling process. Experimental variography is the primary method for approximating the theoretical variogram function from the available sample data, and then determining an appropriate variogram model from the approximations.The traditional tools used for experimental variography are limited to looking at subsets of the data and are often presented without reference to geographic space and geology. It can be difficult to know what input data is being used for a particular experimental variogram, and whether there is enough support in the experimental variograms to propose an appropriate model.To overcome these limitations, an innovative approach called situational variography has been proposed that visualises variograms in 3D alongside contextual geological and geometric data. Presenting variograms in this manner aids understanding of how the spatial variance relates to the underlying data.A 3D extension of the 2D radial variogram maps will be investigated which allows for dynamic exploration of the full experimental variogram cloud. These 3D experimental variograms are much easier to visualise situationally.A workflow for situational variography will be outlined and the advantages of the situational approach will be illustrated using a porphyry copper deposit.CITATION:Gleeson, P, McLennan, T, Suresh, P and Coombes, J, 2017. Situational 3D variography – determining the variogram in the context of geology, in Proceedings Tenth International Mining Geology Conference 2017, pp 191–198 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 20, 2017

By J-S. Marois, F. Cappucitti, Y. Dodier, D. Downey, G. Matton

"The flotation processes of the Niobec Mine have been affected by a seasonal loss of recovery and a significant increase in reagent consumption over the past few winters. This paper discusses the problem-solving methodology that was used to identify the root causes, to develop solutions and to implement changes that resolved the problem to restore the process to summer-like conditions year-round. Mainly, it was found that the process water was contaminated by phosphates ions, which adversely affected the carbonate pre-flotation, and caused detrimental effects on the subsequent niobium flotation. The phosphate ions were being generated by the process itself, but were consumed by algae in summer conditions. It was determined in laboratory studies that concentrations as low as 5 ppm were enough to affect the circuit and that the multiple additions of process water throughout the circuit was worsening the effect. Also, temperature was found to have an impact on the reagent performance. The performance of the plant was restored by implementing a natural treatment of our process water with a simple cost-free rearrangement of our circuit streams. In addition to that, our extensive geometallurgical program was used to provide ore to the plant restricting phosphate generation in the process. Also, a modification of the collector was developed and introduced in the carbonate pre-flotation that provided improved performance during the periods of low pulp temperature.INTRODUCTION Niobec is one the three major global producers of niobium presently in operation. Situated in the Saguenay-Lac-St-Jean region of Quebec and in operation since 1976, the site produces ferroniobium (FeNb) to be used mainly in High Strength Low Alloy (HSLA) steel, which is known to have better mechanical properties than carbon steel. The Niobec operation consists of an underground mine, a concentrator and a converter plant. The concentrator concentrates niobium-bearing minerals, mainly pyrochlore and columbite, to produce a high-content Nb2O5 concentrate which is then converted to FeNb in the converter plant by an aluminothermic reaction. The Niobec concentrator flowsheet, which has gone through many expansions and optimisation over the years, consists of grinding, desliming, flotation and leaching steps. The flotation steps are numerous, sensitive and difficult to operate due to the non-selective nature of oxide mineral collectors. Thus, the pyrochlore concentration process at Niobec still faces many challenges and is constantly going through periods of continuous improvement."

Jan 1, 2018

By Faruk Oksuz, Clay Haynes, Miguel Sanchez, Patrick Finn, Roger J. Maurer

The Milwaukee Metropolitan Sewerage District’s (MMSD)’s challenges of basement flooding and wet weather sewer overflows are being creatively addressed with the Northwest Side Relief Sewer tunnel. The $132 million, 20-foot diameter, and37,740 feet long conveyance and storage tunnel excavation in dolomite at depths reaching 165 feet below ground surface has been successfully completed within13 months in April 2004. This paper includes Owner’s perspective on the overall project, and the design and construction details by the Designer and the Contractor. The project contract documents included a comprehensive Geotechnical Data Report and the Geotechnical Baseline Report.

Jan 1, 2005

By Mostafa Benzaazoua, Bruno Bussière, Philippe Poirier, Denis Bois

"Environmental desulphurisation is an attractive alternative for the management of acid generating tailings. Non selective froth flotation is the most commonly used method to produce desulphurized tailings, as shown from many previous works (McLaughlin and Stuparyk, 1994; Bussière et al., 1995; 1998; Benzaazoua et al., 2000a,b; 2002). This process can reduce the volume of problematic tailings to manage, by making a sulphide fraction concentrate. The desulphurized tailings can then be used as a moisture retention layer in a cover with capillary barrier effects to prevent acid mine drainage.In this paper, the authors present the results from different laboratory and pilot scale flotation tests which confirm that low sulphide, non-acid generating tailings can be produced by froth flotation. It is also demonstrated that the sulphide concentrates obtained from desulphurisation, when mixed with binders gave good long term results in terms of mechanical behaviour, thus demonstrating that the sulphide fraction can be used for paste backfill material. From previous work (Bussière et al. 1998, 1999) on the evaluation of the operating and capital costs of the desulphurisation process for different ore types, the use of desulphurized tailings to create a dry cover was then studied for several scenarios. The desulphurisation process was compared with other technologies (underwater disposal, engineered soil cover) currently used to prevent acidic drainage (AD) for a new mining operation and the advantages and disadvantages of desulphurisation are presented as well as the costs of this method of AD prevention.INTRODUCTIONThe principal environmental problem of the mining industry today is the generation of acidic drainage (AD) resulting from the natural oxidation of the sulphides in mine tailings. This phenomenon involves the generation of acidity which increase the amounts of toxic metals in the waste water released into the environment by a mine. The environmental impact of the AD has been described in detail in previous work (e.g. Down et Stocks, 1977; Ritcey, 1989; Gray, 1997; Ripley et al., 1996; Aubertin et al., 2002)."

Jan 1, 2004

By George Kellock

In presenting this paper for discussion at the Western Annual Meeting to be held in Edmonton, it is with the idea of creating a full and general discussion by the mining men in the Province as to the best way to eliminate, or at least hold down to a minimum, the dangerous coal-dust which is made in mining pitching seams in our Alberta mines by the chute method. Also, an alternative method is outlined, whereby the percentage of lump-coal mined can be increased, and the mining costs reduced-although the paper does not go into any detailed consideration of costs. The general trend of mining practice and lay-outs is at present towards mechanization, and the results being accomplished by the substitution of machines for manual labour are fully justifying the changes. In the technical mining journals, there are published from time to time papers dealing with a variety of methods of mining, which are descriptions of actual operations, and a great deal of interesting and valuable data is given as to the comparative values of the different methods, insofar as the percentage of grades of coal produced, the cost of production, etc., are concerned; but the mechanical methods described in these papers are nearly always suitable only for flat seams, or seams with a very low inclination.

Jan 1, 1929

The whole of the iron ore required by the Broken Hill Proprietary Company Limited at the Newcastle Steel Works, and Australian Iron and Steel Limited, at Hoskins' Kembla Works, is drawn from the Iron Knob, Iron Monarch, Iron Prince and Iron Baron deposits situated in the northern part of Eyre's Peninsula, South Australia.The Iron Knob and Iron Monarch deposits are near the township of Iron Knob, approximately 42 miles W.S.W. of Port Augusta, whilst the Iron Prince and Iron Baron deposits are some 18 miles due south from Iron Knob, in another group of leases, the adjacent township being known as Iron Baron.The ore mined at Iron Knob, Iron Monarch, Iron Prince and Iron Baron is conveyed on the Company's 3ft. 6-in. gauge tramway to Whyalla, on the western side of Spencer's Gulf, approximately 45 miles south by west of Port Augusta whence it is shipped to Newcastle and Port Kembla.SHORT HISTORY.The establishment in South Australia of the lead smelting industry at Port Pirie, Dry Creek and Port Adelaide in the...

Jan 1, 1937

By A. Almeida, D. Castro, K. Ingmarsson, D. Ferreira, R. Tamir

Mine-to-mill improvements can be initiated at any stage, but it is our assertion that drilling accuracy is a practical anchor in any operating mine or quarry for a structured continuous improvement process. This paper will: 1. Define deviations from plan and provide some best practices for maintaining drilling accuracy. 2. Introduce tools and methods to monitor and calculate consequences of accurate versus inaccurate drilling. 3. Demonstrate the use of these tools and methods and their impact on one cost item, the mitigation of oversized material by a hydraulic hammer. 4. Provide recommendations for implementing improvements.

Feb 1, 2023

By Neil McMillan

"By any measure of common practice, Claude Resources' Seabee Gold Mine in Northern Saskatchewan should not now be operating. Not because reserves dwindled, or grade dropped or prices weakened or technical problems arose, but because a host of unimaginable other problems beset the project, any one of which would normally have led to the mine's failure.The success of the Seabee Mine, and it is extremely successful, is a story of the vision and blunt determination of two men. Neither is remarkable in his own right but each possesses the characteristics which were necessary to forge a highly productive and profitable narrow-vein mine in the midst of the most bizarre and unpredictable events which likely have ever beset a mine start-up in Canadian history.Together, Bill MacNeill, a Saskatchewan born, former bush pilot and Ray Gagnon, a big hearted, hard-fisted, miner with 44 years of experience in Canada's underground, built the Seabee Mine.They didn't accomplish this with brilliant geology, outstanding engineering or nimble corporate manouvering but rather a stubbornness and raw common sense which likely are all too often, ingredients missing in failed projects.The Seabee Mine is 100% owned by Claude Resources, a Saskatoon based company taken over by Bill MacNeill, its current chairman, in 1982. The company is listed on the TSE and produces 1200 barrels of oil per day and about 60,000 oz of gold per year. The company has a strong balance sheet, is very profitable and has 18 million shares outstanding.The Seabee property in Northern Saskatchewan started out like many other gold exploration properties in Canada.It was discovered in the l 940's by what is now Cominco, and, while highly regarded by that company the property sat largely dormant until acquired by Claude Resources in 1985.Claude did what most junior exploration companies would do and went looking for a company with a depth of expertise to joint venture the property.That company was Placer Development who could earn a 55% interest in the Seabee by delivering a bankable feasibility study on the Project by July 1988 and providing financing to production.Placer Development was an excellent company and spent over $8 million dollars on the Seabee over a 3 year period. Unfortunately for Claude Resources, Placer Development merged with Dorne Mines in 1987 and the new merged company, Placer Dome, established a minimum production threshold greater than the 50,000 oz per year which the Seabee appeared capable of supporting at that time. Placer Dome's request for an indefinite extension of the joint venture agreement to allow it to drill off a larger ore body was rejected by Claude Resources and the Seabee Property was returned to Claude in 1988."

Jan 1, 1998