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By A. Romero

"Most underground mines require heating or cooling systems to meet health and safety standards in the working areas. In regions where daily or seasonal fluctuations of environmental conditions exist, these systems tend to be over-sized and operate at low average load factors, which increase both investment and operating costs. One possible approach to reduce the temperature variations of the fresh air supplied to the mine, and so reducing the investment in large heating or cooling systems, is to use rock as a thermal regenerator or thermal storage system. Packed rock beds act as thermal inertial units, damping the atmospheric temperature oscillations to provide a more constant fresh air temperature. However, although regenerators exist in some mines, and packed bed rocks have been studied in detail in solar thermal power applications, there is a lack of tools to design new and sufficiently large storage systems of this kind. This work fills the existing gap by presenting a methodology to design and evaluate the impact on the ventilation systems of these regenerators. The method is validated using existing rock bed systems found in the literature and illustrates possible designs for small and large size regenerators in both hot and cold climates.1 INTRODUCTION “ It is quite amazing how often answers to extremely complicated problems can be obtained in this way, by using greatly simplified models of the real situation for the purpose of calculation.” Whiller, A. in private communication to J. S. Stachulak (1989). Motivation Most underground mines located in regions with extreme climatic conditions require the thermal pre-treatment of the fresh ventilation airflows, whether for heating or cooling. Heating commonly is needed in sites with sub-zero temperatures and is usually effected by direct or indirect burning of natural gas or propane. Alternatively, cooling is required in areas with hot temperatures, or in mines with high underground thermal loads where the fresh air at ambient temperature cannot provide enough refrigeration. Thus, when the ambient air conditions cannot provide by itself enough thermal power to ensure safe underground working conditions, a heating or cooling plant is required, which involves a considerable equipment and operation cost."

Jan 1, 2019

By G. H. McKay

AT the Eagle mine, near Gilman, Colorado, where the Empire Zinc Company have installed an underground mill, transportation problems were comparatively simple. A railway siding on the Denver and Rio Grande railway is equipped with an unloading dock or platform at the portal of their service incline adit to the mill. This 18-degree incline is approximately 600 feet long from the unloading track to the head of the mill skipway. For the Big Missouri mill, upwards of 2,500 tons of material and equipment had to be trucked from tidewater at Stewart, B.C., a distance of 21 miles to the Big Missouri camp at elevation 2,800. From that point, this freight had to be moved either over or through the Big Missouri ridge, rising to elevation 3,450, to its final location 800 feet from the surface between elevations 2,150 and 2,350. Immediately after leaving the government dock at Stewart, the road crosses the International boundary line into Hyder, Alaska, and then follows a water grade for eleven miles along the lower stretches of the Salmon river. leaving the river, the road climbs for two miles before crossing back into British Columbia territory at Silver Heights, and then continues for another mile and a half to where the Big Missouri road branches off from the main road to the Premier mine. For a distance of four miles from the junction of the roads, the Missouri road is very narrow, with many sharp curves and with irregular up and down pitches and grades up to 25 per cent until it reaches the Summit. From there on, a fairly easy grade leads a mile and a half to the end of the road on Joker Plats. In winter, the last stretch of road is subject to heavy snow drifting, especially through a narrow funnel-shaped gulch, known as 'The Gap', where the snow may pile up to a depth of over twenty feet.

Jan 1, 1938

By D. E. Keeley

lntroduction Some years ago it was general practice in Canadian mines to use the best timber available, just as it was cut from the tree. Later, to prevent 'borers' from getting into the wood while stacked in the yard, the bark was peeled off, cleaned up carefully, and burned to eliminate a breeding ground for these and other destructive insects. This practice of good housekeeping also decreased the hazard from fire in scattered bark. A few years after damage by borers had been minimized, it became apparent that increased temperatures in the mines, occasioned by deepening operations, were being accompanied by rapid growth of fungus and by decay in timber underground, greatly shortening its life. In places on upper levels where the air temperature was below 50 deg. F., untreated timber retained a large proportion of its strength for ten or more years. In other places on these levels, however; its life was short and it developed much dry rot and merulius lacrymans. In these latter places and on lower levels in the mine where temperatures ranged from 50 to 60 deg. F., approximately, the wood became infested with extensive growths of this white fungus. This development was accompanied by the production of millions of spores. Spread of infection was due mainly to the transfer of spores from the warm lower levels to the cool upper horizons by upcasting ventilation currents. So serious did this become that about twenty years ago Lake Shore, Hollinger, and McIntyre Mines decided to investigate the use of wood preservatives and the plant necessary to treat timber.

Jan 1, 1949

By C. T. Harper, B. J. Fryer, R. P. Taylor

"IntroductionThe Maurice Bay deposit is one of a number of uranium deposits that have been found in recent years in the Athabasca Basin of northern Saskatchewan (Tremblay, 1982). This deposit, along with the others, belongs to the unconformity type deposits (Beck, 1977). They are, for the most part, polymetallic, being characterized by a suite of metals which include U, Ni, Co, Cu, Pb, Zn, Mn, V, Ag, Au, Pt-group elements, S, As, Bi, Se, Te, and Mo, some of which, besides U, are present in economic concentrations (Amok, 1974; Ruzicka, 1975; Tapaninen, 1976; Hoeve and Sibbald, 1978; Dahlkamp, 1978). The Maurice Bay deposit was known to be a small low grade deposit in which the ore was essentially monomineralic, consisting mainly of pitchblende (Harper, 1978). However, the occurrence of trace amounts of some of the elements common in the larger polymetallic ore bodies (e.g. Key Lake, Cluff Lake D) was anticipated. Thus a lithogeochemical sampling project was undertaken in 1979 across part of the Maurice Bay deposit (Harper, 1979). Major oxides (SiO2, Al2O3, FeO, Fe2O, MgO, CaO, K2O, Na2O, MnO, P2O5, and TiO2) and a group of the most common trace metals (U, Ni, Co, Cu, Pb, As, Au, V, and Se) were analyzed to determine whether any elemental patterns (halos or depletions) could be detected which would reduce the number of pathfinder elements needed for exploration purposes. In addition to the above metals, Th was also checked because some conglomerate strata in the Maurice Bay area are known to be thorium-enriched (Harper, 1978). Only the trace metal distributions will be discussed in detail in this report.General GeologyThe Maurice Bay area is underlain by three major groups of rocks, the White Lake metamorphic complex, an unnamed granodiorite complex, and the Athabasca Group, described previously (Fig. 1; Harper, 1979). Table 1 summarizes the stratigraphic features as deduced by geological mapping and the examination of drill cores."

Jan 1, 1986

By Ralph H. Cleland

Introduction The mines of northern Ontario have entered the class of deep mines. It has often been asked: How deep can operations be carried on? What will the temperature be? This paper is a résumé of a brief survey of rock temperatures made by the Ontario Department of Mines during the year 1932. Present temperatures were recorded and the geothermal gradients that now exist were determined. No alarming situations were found, but many interesting ones have been noted. Northern Ontario mines are fortunately situated as compared with most deep-level mines of the world. The mean yearly temperature, as determined from meteorological records of the Federal Department of Marine, is from 33 to 38 degrees Fahrenheit. The tables on the next page show the temperature range in and about our mining camps ( l ). As no exact figures were obtainable for Kirkland Lake, the data for Iroquois Falls, which is about 50 miles northwest, were taken as applicable there. The figures for Timmins were checked against those of Cochrane and Iroquois Falls and found to be very similar, so that the Cochrane data may be used for the Porcupine camp. The yearly mean temperature is considered to be 33.5 F.

Jan 1, 1933

By Donald J. MacNeil

THE opinion, based upon geological knowledge, that certain areas within the Province of Nova Scotia might yield commercial quantities of petroleum, is not new. It dates back to at least 1864, when the Pioneer Oil and Salt Company drilled some shallow holes in search of oil near lake Ainslie, Cape Breton. As a matter of fact, several companies were engaged in oil exploratory work near lake Ainslie at about that time; included among them were the Inverness Oil and Mining Company, the Victoria Oil Company, the American Oil Company, and the Cape Breton Oil and Mining Company. Oil exploration by these and other companies was conducted sporadically on Cape Breton island until 1914. In several instances, the depth of the test holes exceeded 1,000 feet; the deepest was carried to 3,260 feet. The Lake Ainslie area was selected because oil seepages were present along certain sections of the lake shore, but the tests that were drilled to tap the oil-bearing zone failed to yield anything of commercial value. Currently, there are three areas in Nova Scotia wherein active exploratory work is being conducted, namely, at Pugsley Siding close to Amherst; at Kennetcook, Hants county; and near Mabou, Inverness county. The Pugsley Siding test is being drilled by the Sun Oil Company, of Philadelphia; the work at Kennetcook is under the direction of the Nova Scotia Oil and Gas Company; two relatively deep holes were drilled by the Lion Oil Refining Company in 1944 near Mabou, and, as a result of the additional geological information derived therefrom, another test probably will be drilled by this Company in the same area. Aside from these activities in the search for petroleum, the oil possibilities of several other sections of the Province are being studied by means of surface geological mapping.

Jan 1, 1945

By L. Heber Cole

Introductory During the past few years, salt (sodium chloride) strata have been encountered in western Canada in a number of wells, while prospecting for oil and gas. The ever increasing number of such wells points to the presence of a vast salt basin, the boundaries of which are at present unknown. This basin extends in a northwesterly direction from a point near the United States boundary south of Regina, crosses the Saskatchewan- Alberta boundary northwest of Unity, Sask., and continues with more northerly trend to Waterways and beyond. The beds, as encountered, appear to have a general dip to the southwest of between 10 to 20 feet to the mile and a pitch along the strike to the southeast. Thus one finds the salt strata at Waterways, Alta., at 600 feet below the surface (121 feet above sea level) whereas at Radville, Sask. south of Regina, the top of the salt is at a depth of 6,643 feet below the surface (4,430 feet below sea level). Whether this is a continuous salt basin or a series of separate basins is not yet known. We do know however, that in some of the well~ more than one salt horizon occurs while in others which normally should have encountered corresponding beds, the salt strata are absent. This latter condition, however, may occur only in the southern part of Saskatchewan, where a barren area seems to come in from the southwest. In the northwestern part of the basin, on the other hand, the occurrence of the salt strata seems to be more regular and continuous, and depths at which salt should be encountered in a drill hole in this part of the basin may be predicted with a fair degree of accuracy.

Jan 1, 1948

By G. A. Young

THE Geological Survey was created in 1842 to aid the development of Canada's mineral resources. Although the institution has been in existence for nearly 100 years and has accomplished an immense amount of work, the need for its services remains as great as ever and, indeed, it is difficult to imagine a time when the country will no longer require a Geological Survey. This is so because of the tremendous effort required to make an adequate geological examination of so large an area as is embraced by Canada and partly because what today may seem an adequate geological examination proves, later on, to be inadequate. The ultimate objective of the Geological Survey is to complete the study of all phases of the geology of Canada, that is, to determine how and when the physical features originated, how and when the soils and other unconsolidated deposits were formed, and how and when the solid rocks and associated deposits were produced and assumed their present conditions. When the study has been completed, any only then, will it be possible to make a reliable estimate of the country's mineral resources. This appraisal embraces more than determining the value of already discovered deposits: it also involves attempting to establish what kinds of undiscovered deposits may be present and where they may occur. The estimating of the potential mineral wealth can be clone only after the geology of the country is known. Not until then will it be possible to forecast what types of valued deposits may occur in a district and what types will almost certainly be lacking. A thorough knowledge of the geology of the country is desirable not only to permit estimating the potential mineral resources but also as an aid in locating and developing mineral deposits whether these are of the nature of a bed of limestone, a seam of coal, a reservoir of petroleum, a vein, an irregular body of sulphides, or any other type of deposit.

Jan 1, 1940

By Veerendra Singh, Y. Rama Murthy, Sunil Kumar Tripathy, Nikkam Suresh

"High intensity dry magnetic separation is commonly employed to separate different para-magnetic minerals including mineral sand. Separation in these separators is majorly influenced by the combined effect of gravity, centrifugal and magnetic forces on a particle. These separators are included in the process flow-sheets either for pre-concentration purposes or for the beneficiation of paramagnetic minerals. Separation in these separators is majorly influenced by the difference in the magnetic susceptibility of the associated minerals, particle size and shape along with the process variables of the machine. Particle size is one of the major parameter that plays an important role and decides its probability of selectivity under the magnetic field. However, effect of particle size on the performance of these separators are not well understood which is evident from the literature.In the present investigation, an effort is made to bring out the effect of particle size on particle separation in an induced roll magnetic separator while treating ilmenite fines. Effects of operating parameters, such as; magnetic field intensity, roll speed, feed rate and splitter position have been studied and their influence on particle size has been analysed in terms of yield (wt.%) to magnetic product, particle size distribution characteristics in terms of D50 and D80 size, skewness, kurtosis. Also, the particle size distribution of each test was fitted in Rosin-Rammler equation. The test results were analysed statistically to understand and quantify the influence of each variable on particle separation. It is found that, rotor speed of the separator had maximum influence on yield to the magnetic product whereas splitter position had major influence on D50 and D80 (µm) size of the product."

Jan 1, 2016

By William Petruk

Image analysis studies were performed on mill products from pilot-plant and laboratory tests that had been conducted to determine the effect of grinding media on the selective flotation of two zinc-lead-copper ores. It was found that, when the ores had been ground to the same degree of fineness with flint pebbles, ceramic pebbles or ore fragments (autogenous grinding) as with steel balls, there generally was increased sphalerite, chalcopyrite and galena liberation in the flotation feeds, depending on the textures of the minerals. The increased sphalerite liberation fully accounted for the improved zinc recoveries that were obtained when steel balls were replaced by either pebbles or ore fragments. The increased chalcopyrite and galena liberation accounted for part of the changed technical efficiency of concentration, but other factors, probably changes in oxidation and reduction of iron and in consumption of oxygen, also contributed.

Jan 1, 1977

By Xiaoqiong Wang, Daobing Wang, Fanbao Meng, Jianbo Wang, Hongkui Ge

"Shale gas has become an important unconventional oil and gas resources. Its effective development relies on comprehensive and accurate understanding of shale gas reservoirs. Rock mechanical properties is one of the important components of reservoir evaluation. Two adjacent black shale samples, which are cored from the depth of 1145 meters in Chongqing, southwest China, are subjected to acoustic emission(AE) test under uniaxial stress and compared with coarse grained granite. The results of synchronous AE, stress-strain and ultrasonic velocity experiments show that shale has weak anisotropy. Compared with granite sample, two shale samples are similar, but their strength, velocity and brittleness are quite different, indicating that shale has strong microscopic heterogeneity. TOC, XRD, SEM microstructure analysis show that total organic content, mineral composition and natural fractures are the main impacting factors for mechanical heterogeneity. INTRODUCTIONShale gas is a typical low-grade marginal resource, which is characterized by ultra-low matrix permeability and small single well control volume. In order to enable commerical development, complex hydraulic-fracture networks must be created in the shale to allow gas to escape from the micro/nano-pores and natural fractures where it is trapped in the rock (C. Clark et al.,2013; Ge et al., 2013). The development of shale gas requires accurate evaluation methodologies to evaluate shale reservoir properties and predict production. (Jarvie et al., 2007). Rock mechanical properties are an important part of the reservoir evaluation. It is significant for efficient drilling, completion and hydraulic fracturing to understand mechanical behavior of shale gas play (John, 2011; Wei, 2013).Rock mechanical properties mainly include heterogeneity, anisotropy, brittleness and acoustic emission activity (Lockner et al., 1992; Jerome et al., 2009; He et al., 2010; Liang et al., 2012). Shale mechanical properties are evaluated from laboratory tests following a complex workflow that covers tasks from sampling to testing (Md. Aminul Islam et al., 2013). It is common to include various experimental methods such as stress-strain curves, ultrasonic velocity and acoustic emission when evaluating the mechanical properties (Rao et al., 2006). Because of the presence of organic-rich matter, mineral composition orientation and natural fractures, shale tends to have strong anisotropy and heterogeneity (Deng et al., 2004; Wang et al., 2013; Hathon et al., 2013)."

Jan 1, 2015

By R. B. Sudderth, A. Quiroz G., M. Torres M., C. Salgado Q., J. Fernández O., H. Bravo P., M. Torres B.

SNF FloMin, Inc. has introduced a complete line of extractants for recovery of various metals. Among them are the CuPRO MEX™ Brand of copper extractants that are based on the well- known 2- hydroxy 5-nonylsalicylaldoxime and 2-hydroxy acetophenoneoxime. This paper presents the laboratory and pilot plant trial results for SNF FloMin’s CuPRO MEX™ 3302 reagent, the equivalent to the wellknown ACORGA® M5640 extractant, and the composition of these reagents are described. Some examples of SNF FloMin’s CuPRO-Sim™ Advanced solvent extraction simulator are presented.

Jan 1, 2014

By M. E. Hurst

SINCE 1934 there has been a marked revival of interest in the Porcupine district, especially in the eastern portion of the area, where exploration on the property of Pamour Gold Mines has indicated the presence of extensive gold-bearing deposits. Owing to the prevalence of overburden and the limited amount of exploratory work that has been done, little information is available as yet concerning the distribution and structural relationships of the rocks in the area to the east of Porcupine lake. In order to throw some light on the structural conditions in this section, a brief discussion of the sequence and character of the formations in the better known, producing section of the camp has been included. It should be emphasized that this paper is a preliminary study and that, consequently, the conclusions expressed should not be regarded as final. The writer wishes to acknowledge his indebtedness to P. C. Benedict, whose study of the geological relationships on the Foley-O'Brien property has made possible a fuller understanding of the structure in the central portion of the area. The writer also wishes to express his appreciation of the information and facilities placed at his disposal by R. M. Macaulay and C. D. Stevenson, of Pamour Gold Mines, and by A. Bell, of Noranda Mines, Limited.

Jan 1, 1936

By W. Chi, R. Regan, R. A. Washington

"In uranium mines, the purification of underground mine air can be accomplished by the removal of dust particles and radon daughters using filters. Full-scale statistically designed experiments with flow rates up to 10,000 cfm have been conducted at Denison Mines Ltd. on mine air filtration with vermiculite as a filter material. Various filtration bed thicknesses were chosen, with different face velocities through each bed thickness. Results on total dust, respirable dust and radon daughter collection efficiencies were analysed statistically. It is shown that these collection efficiencies are directly related to the filter bed thickness. However, the different face velocities seem to affect only the collection of radon daughters. Optimum collection efficiencies for a clean bed of about 30% were found for respirable dust and radon daughters, and about 41>% for total dust, using an 8-in.-thick bed and a face velocity of 500 fpm. Dust build-up on the filter bed during operation led to an increase in collection efficiency, reaching 40 to 60% after two weeks."

Jan 1, 1973

By E. L. Bruce

EUROPEAN Russia is mainly a great plain, the average elevation of which is only 600 feet above sea level and the maximum elevation less than 1,200 feet (Figure 1). The main divide between the Arctic ocean and the Black sea and Caspian sea is an indistinguishable topographic feature from which the Dneiper and Don rivers flow southward to the Black sea and the Volga river to the Caspian. The valleys of these rivers are but little below the general level (Figure 2). To the south, this great, rolling plain is broken by a low ridge of Precambrian gneisses and intrusive rocks. The Crimea is an upland from which the descent to the Black Sea coast is precipitous (Figure 3). The Ukrainian Soviet Socialist Republic occupies the southern part of the plain. It is the southwestern unit of the Union, bordered by Rumania and Poland on the west and by the Crimean Soviet Socialist Republic on the south.

Jan 1, 1938

By William M. Luff

This paper outlines the regional geology and history of the area, and summarizes the stratigraphy, structure and geology of the Brunswick No. 12 mine area. The Brunswick No. 12 deposit is a stratiform massive sulphide body. It occurs in rocks of the Tetagouche Group, which is believed to range in age from Lower to Middle Ordovician. The stratigraphic sequence, including the stratiform orebody, in ascending order consists of older metasedimentary rocks, augen schist, metasediments, augen. schist, footwall metasediments, the -massive sulphide body, iron formation, hanging-wall metasediments, siliceous tuff, basic volcanic rocks , basic iron formation and a porphyry dyke. This sequence is similar to that at some other deposits in the area. Four phases of structural deformation are known to be present in the Brunswick No. 12 mine area. The first deformation folds (F1 ) and associated faulting are the most important factors in determining the distribution of the massive sulphides. This deformation has resulted in the massive sulphides being separated into four zones: the Main Zone, the West Zone, the East Zone and the V-2 Zone. Brunswick Mining and Smelting Corporation Limited is actively mining, developing and exploring the deposit.

Jan 1, 1977

By E. Asselin, G. K. Yue

"In the present study, electrochemical measurements, especially cathodic potentiodynamic polarization (CPC) and cyclic potentiodynamic polarization (CPP), have been employed to study the kinetics of ferric reduction on chalcopyrite in aqueous Fe(II)Fe( III)H2SO4 solution at 90 °C and 110 °C. Results from the calculation of speciation in the above solution reveal that, at both 90 °C and 110 °C, the real Fe3+/Fe2+ ratio is much lower than the nominal ratio, which leads to smaller VALUES (for the reversible potential of the ferric/ferrous couple. Exchange current densities of the ferric/ferrous couple were obtained and are on the order of 106 10 5 A/cm2 a t 9 0 °C and 1 07 10 6 A/cm2 at 110 °C, respectively. The Tafel slopes from the CPP method are higher than those from the CPC method at both 90 °C and 110 °C. The transfer coefficients were about 0.360.59 at 90 °C and 0.370.65 at 110 °C. Based on the exchange current densities obtained, the rate constant kc was calculated. It was found that kc at 90 °C was slightly larger than at 110 °C, especially for the results obtained by the CPC method. The average rate constants are 862.17 cm/s for CPC and 65.30 cm/s for CPP at 90 °C, and 477.69 cm/s for CPC and 63.53 cm/s for CPP at 110 °C for nominal Fe3+/Fe2+ ratios ranging from 1:1 to 1000:1. INTRODUCTIONChalcopyrite is one of the most abundant copper-bearing minerals, accounting for approximately 70% of the world’s known copper reserves (Wang, 2005). Most of the currently proposed leaching processes are based on sulfuric acid with ferric ions and/or dissolved oxygen as oxidants. Some of these processes have been piloted in attempts to implement these technologies on an industrial scale, such as Activox (U.S. 5,232,491, 1993), Nenatech (U.S. 5,993,635, 1999), Dynatec (U.S. 5,730,776, 1998), AAC/UBC (U.S. 6,503,293, 2003), Total Pressure Oxidation (U.S. 5,698,170, 1997), CESL (U.S. 5,874,055, 1999) and Galvanox (U.S. 7,846,233, 2010).To date, much effort has been devoted to understanding the kinetics and mechanisms of the oxidative processes (Biegler & Horne, 1985; Córdoba, Muñoz, Blázquez, González, & Ballester, 2008, 2009; Ghahremaninezhad, Asselin, & Dixon, 2010; Hirato, Majima, & Awakura, 1987; Hiroyoshi, Kuroiwa, Miki, Tsunekawa, & Hirajima, 2004; Warren, Wadsworth, & El-raghy, 1982) or the cathode reduction reactions of chalcopyrite itself (Arce & González, 2002; Biegler & Swift, 1976; Biegler, 1977; Nava, González, Leinen, & Ramos-Barrado, 2008), by chemical or electrochemical methods. However, as the most important cathodic processes in chalcopyrite leaching systems, the cathodic reductions of ferric ions or dissolved oxygen are worth measuring due to their effects on the overall leaching rate, as predicted by mixed potential theory."

Jan 1, 2012

By A. R. Chambers

At the 1924 Annual Meeting of the Institute, held in Toronto, the writer presented some notes on the occurrence of salt at Malagash, Nova Scotia, together with a few remarks on the uses of salt. The development of these salt mines has attracted considerable attention to the district, and it may be of interest at this time to call attention to some of the newer uses of salt, and to give a brief account of the genesis of the Maritime salines, As it is not proposed to treat the subject in technical detail, and the paper is written in a lighter vein than is usual in contributions to your Transactions, you will please overlook any variations from a strictly technical method of presentation. The world's supply of salt is obtained in three principal ways: (1) By flooding shallow areas, or pans, with sea water, allowing the water to evaporate naturally by the heat of the sun's rays, and collecting the residue of solid salt. This method is employed, for example, at Turks Island, B.W.I. (2) By mining the rock salt in its natural state, and preparing it for market by a grinding process. This is the method adopted at Malagash, which is the only place in Canada where salt is actually mined. (3) By drilling a hole into an underground salt deposit, forcing fresh water clown the hole, and, after it has become saturated with salt, pumping the brine to the surface and recovering the salt by evaporation. This is the method pursued by the Canadian Salt Company, the Dominion Salt Company, and other producers in Ontario.

Jan 1, 1929

By G. Harper

"AbstractThe Suetut. Copper deposit, 230 miles northwest of Prince George, B.C., was discovered in August of 1971. Subsequent exploration has included 56,417 feet of surface diamond drilling in 139 holes. The deposit occur in gently dipping volcanic rocks of the Upper Triassic Takla Group, which out crops as rugged mountains.The general Mesozoic sequence comprises some 20,000 feet of green and red basaltic to andesitic rocks. The Lower Formation is characterized by subaqueous basalt, andesite and augite porphyry flows with interbedded breccias. They were rapidly deposited in tectonic depressions of limited extent and steep gradients. Facies changes are abundant. The Middle Formation. consists of volcaniclastic rocks made up of fragments from the underlying formation. Two cycles are discernible , both with basal turbiditic, tuffaceous sandstone and shale units overlain by massive, volcanic conglomerates exhibiting graded and cross bedding. A broader, shallower-water basin is indicated. The top of the uppermost unit was subaerially deposited. The Upper Formation is a variable sequence of volcanic sedimentary rocks. Detritus was supplied from a wide source area and included multiple reworked fragments of the lower formations and material from other rock groups known in the region. Zeolite facies metamorphism is recognized throughout: the entire sequence. Epidote is particularly abundant in the Middle Formation, demonstrating the results of metasomatism.The mineralized zone is approximately concordant with the strata over 100-200 feet of the Middle Formation succession . It lies just below the zone of transition from subaqueous to subaerial deposition in the top unit. Hematite, chalcocite, pyrite, bornite, chalcopyrite and native copper are disseminated throughout all sizes of lithic fragments and matrix. Concentration into the specific zone is believed to be due to upward leaching of copper during lowgrade metamorphic and metasomatic reaction. Precipitation occurred in the zone of hydration characterized by prehnite-pumpellyite below the oxidized subaerial rocks."

Jan 1, 1977

By Graham A. Davis, Michael Samis

The dramatic fluctuation in metal and energy prices in the last few years is causing mining companies to consider alternative analytical methods for mine design and valuation. The goal is to improve insight into unforeseen changes in the economic and project environment and to design projects that take advantage of management's ability to respond to these changes. Such flexibly managed projects will contain value that cannot be measured using traditional engineering economic approaches, further motivating the used of alternative, modern valuation methods. This paper considers the valuation of an uneconomic low-grade resource at an open pit gold mine using two of the most popular modern valuation methods, Dynamic Discounted Cash Flow and Real Options. Our analysis demonstrates that the conventional valuation method may incorrectly represent the value and risk attached to mining this type of resource because it is unable to recognize management's ability to respond to future events in a manner that minimizes losses and exploits advantageous business conditions. The results of this paper highlight the importance of recognizing flexibility and business uncertainty in both mine design and valuation.

Jan 1, 2003