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By Ross D. Lawrence

"Comparable transaction analysis is the best known of the market approaches to valuation of exploration-stage mineral properties. The analysis of option and farm-in agreements can also provide useful guidance to valuators. While such approaches can be distorted by incomplete analysis, market-based methods are capable of providing consistent, credible results when carried out carefully with due consideration paid to all factors which buyers and sellers consider when dealing in the real market.RÉSUMÉRoss D. Lawrence graduated from the University of Toronto with a B.A.Sc. (Applied Geology-1956) and an M.Comm. (Mining Finance-1959). As a student and following graduation, he worked across Canada on a variety of mineral exploration projects.In 1962, he was one of the founders of Watts, Griffis and McOuat, and has practiced as consulting engineer since then. For the past 20 years, Mr. Lawrence has headed up the WGM valuation practice, responsible for a group of professionals which has carried out scores of valuations of mineral properties and mining companies. He is a Certified Minerals Appraiser of the AIMA and an active participant in professional affairs.INTRODUCTIONMineral properties without defined resources present one of the most challenging tasks to the mineral valuator. You will hear from others at this conference about the use of cost and income approaches to the problem of valuing exploration properties. This paper will concentrate on market-based approaches. Market based-approaches are based on the principle of substitution and include such techniques as:??Comparable transaction analysis (sometimes referred to as sales comparison analysis).??Farm-in commitment analysis??Rules of thumbAre there any valuation standards available to assist the valuator? In Canada there are none that apply to the valuation of mineral assets or securities. This problem is being addressed, at least in part, by the CIMVal committee of the Canadian Institute of Mining, Metallurgy & Petroleum (CIM)1. Further, the recently established Canadian Association of Mineral Valuators will be giving consideration to the adoption of valuation standards."

Jan 1, 2003

By J. C. Rudolph

"THE TOPIC on which I am speaking this afternoon is ""The Future of the Canadian Oil Industry.'' At the time of C + 100, we should take a searching look at ourselves, an honest appraisal of our achievements and a forthright accounting of our shortcomings as well as the uniquely Canadian aspects of this industry. I would like to put before you some of my views on the direction we are taking in the exploration field and in the production field. I would also like to speak briefly on some of our problems and the role of the various segments of our industry in solving these problems.First of all, let us look at the exploration picture. We are in the midst of an exploration boom. There were 133 seismic crews active in Western Canada this winter, the highest since 1957, land prices are appreciating rapidly, Canadian oil reserves increased + 16 per cent during 1966, there is a great demand for technical personnel of every kind and the whole industry, except the drilling segment, seems to be prospering. This surge of activity has its roots in two major occurrences. The first of these was the change in the pro-ration system in Alberta, the major producing province, accompanied by the change in spacing pat-terns. The proration change was designed primarily to encourage in-creased exploration and it has certainly had this effect. It has also had the unforeseen effect of put-ting everyone into what we, in the oil business, call ""elephant hunting."" In other words, the days of the development of barely economic, marginal fields are over. Oil companies today are only interested in high-reserve, high-productivity, high-quality reservoirs."

Jan 1, 1968

By G. M. Furnival

A PROGRAMME of structure drilling was commenced in the Southern Alberta Plains in June, 1943, for the purpose of determining the geological structure of the underlying sediments. More than 270 holes have been drilled throughout an area of some 1,800 square miles or 1,000,000 acres (see Figure 1). The Southern Plains of Alberta are covered by a mantle of glacial drift,' at places exceeding 200 feet in thickness. Only where this mantle has been dissected by deep drainage channels is bed-rock exposed to any great extent. Along such channels, surface geological mapping can be conducted to ad- vantage. Accordingly, geological mapping was commenced _in 1942 and continued each season to the present. To supplement this information, a survey of the water wells was carried on in conjunction with the mapping. However, to obtain more positive and evenly distributed structural control throughout the area as a whole and to define more adequately structural trends indicated by the preliminary mapping, it was necessary to resort to the use of drills to penetrate the glacial mantle. Various types of light drills are commonly used for this purpose and provide geological information in the form of drill cuttings, cores, drilling time rates, etc. Correlation of information is generally obtained through comparison of cored sections, drill cuttings, micro-fossils, and drilling time rates. However, in this case the holes were electrologged and correlations were made chiefly by comparison of such logs. The data so obtained is plotted and portrayed in the form of structure contour maps on recognizable stratigraphic horizons and in the form of isopach maps of the recognizable stratigraphic intervals penetrated in the holes. This method had not been widely used in Alberta previously and the technique employed was necessarily developed after the project began.

Jan 1, 1945

By P. Ramirez

"To achieve an optimal metallurgical performance in the flotation process the bubble diameter should be between 0.5 and 2.5 mm. To control bubble size, frothers are added, reducing bubble size and conferring bubble stability against coalescence. However, the bubble generation mechanism determines predominantly the bubble size distribution produced. In mechanical flotation cells, bubbles are produced by the shear stress generated by a rotating blade on a gas stream. This mechanism produces a log normal bubble size distribution. In contrast, in column flotation, jetting gas injectors are commonly used in Chile and the bubble size distribution is bimodal with small and large bubbles. Bubbles larger than 2.5 mm mean a loss in surface area, while bubbles smaller than 0.5 mm move with the pulp stream and therefore collide less frequently with particles. In this paper, a new device based on a jetting sparger and a deflector disc (impinging jetting) is evaluated as an alternative sparger for column flotation.The new device was tested in a rectangular acrylic cell 1 m × 0.5 m × 3 m. High-speed cinematography was used to compare bubble generation with jetting and impinging jetting at different gas velocity in the nozzle (5–50 m/s). From the image analysis, it was observed that the deflector induces a shear stress, in analogy to a rotating blade but in this case the shear results from a high velocity gas hitting a static surface. The device was evaluated in a 0.5 m diameter 3 m high column. The McGill bubble viewer technique was used to compare the bubble size generated by jetting and impinging jetting. It was found that the Sauter mean bubble diameter reduced from 7.4 mm to 2.8 mm, when the jetting sparger was modified with the deflector. In the case of the impinging jetting sparger, 70% of the bubbles were in the effective range for flotation, while for the jetting sparger, only 10% were in the effective range."

Jan 1, 2016

By T. J. Wells

THE blast furnace is the base of the steel industry, since there is no commercially practical way of converting iron ore directly into steel. In three hundred years, the blast furnace has developed from a small unit using charcoal as fuel and producing about one ton of iron in twenty-four hours to a furnace making upwards of 1,500 tons a day. The principle of the blast furnace is briefly this: A descending column of stock, consisting of ore, fuel, and flux, is met by an ascending stream of gases, consisting in part of gases formed by the combustion of the fuel and in part of pre-heated air which is blown into the lower part of the furnace. The flux combines with the impurities in the ore and the ash in the fuel to form slag, which is drawn off as liquid.

Jan 1, 1943

By E. W. O'Brien

Personnel protection involves effective grounding and positive clearance of faults. This paper deals, in a general sense, with various schemes to achieve fool-proof personnel protection and reduce, to a minimum, the effects of human error and equipment failure.

Jan 1, 1966

By J. D. Campbell

"Coal is one of Alberta's major fuel resources, but its distribution, especially in the flat plains region, has been somewhat obscured by surficial deposits. After a period of neglect, easily strippable plains coal is presently approaching a position of dominance in electrical power production, a position it is likely to retain for a number of decades in the face of strong competition from hydro and nuclear power. Accordingly, the Research Council of Alberta has undertaken an inventory survey of the province's supplies of this resource.In the southern part of the province and in the north-central forest-fringe area, some strippable coal is found in the Belly River Formation and its equivalents, but major strippable coal reserves in large areas of central Alberta occur within the Edmonton Formation. The survey is planned on a reconnaissance scale, drilling test holes at 2-mile intervals in selected large areas. It appears to show that, in well-settled regions, large reserves of strippable coal are only to be expected where they have long been known; major presently unknown bodies of coal must be sought in unsettled regions or at depths too great for strip mining. However, such bodies might still be economically competitive with hydro and nuclear power in the production of electric power for some time to come."

Jan 1, 1967

By Michel Mellinger

This paper presents preliminary results of a project aimed at obtaining a better understanding of the genesis of gold mineralization in northern Saskatchewan using lithogeochemistry. The properties sampled were: Weedy Lake (B Zone), Waddy Lake (Komis Zone) and Wedge Lake (Twin Zone) in the La Range belt, and the Rio mine in the Flin Flon area. Although the three vein-type deposits rudied here (Weedy Lake. Waddy Lake, Rio deposit) occur in different geological situation . a common gold deposition mechanism appears to have been active at all three location . Hydrothermal fluids carrying sulphur in solution in exces of gold thio-complexes moved through fractured host-rocks until they reached a site where pyrite precipitation wa triggered. As pyrite precipitated, the a/ aAu activity ratio of the fluid decreased. until a critical thre hold was reached and gold thio-complexe were de tabilized . resulting in the co-precipitation of gold and pyrite. The conditions triggering the precipitation of pyrite appear to have been: the abundance of iron in host-rock ~ilicates at Waddy Lake. and temperature decrease upon the reaching of structural trap~ at both Weedy Lake and the Rio deposit. with additional involvement of carbonatizationrelated reactions between fluid and host-rocks for the latter. In addition to pyrite precipitation , potassic alteration of the mafic metavolcanics is observed at Waddy Lake. while at the Rio deposit, the extensive carbonatization of the host-rocks i coupled with the deposition of chlorite that may have been remobilized from the altered mafic host rocks. In both the B Zone at Weedy Lake and the Komis Zone at Waddy Lake, a di tinct vanadium signature give some clue about the direction in which the hydrothermal fluids have moved . and the interpretation made is con istent with the geological ituation in either case. As for the Wedge Lake deposits, the distinct base metals-precious metals a sociation within a sulphide-facies iron formation confirm the volcanic exhalative origin of this gold mineralization .

Jan 1, 1986

By Suzie Nantel

Crystalline igneous rocks, known commercially as granite, are exploited in Quebec f rom more than twenty-five quarries for building, ornamental and monumental purpose$. Quebec is the main Canadian producer of construction granite, accounting for nearly 90 per cent of total production. Jn the last three years, this industry has experienced an important growth due to improved marketing and use of modern equipment in rock-cutting and polishing. Jn /983 a 35 per cent sales increase is forecast. The main rock varieties extracted are the following: porphyritic pinkish grey granite and green charnockite from Riviere-dPierre, mahogany brown granite and black anorthositic rock f rom the Lac Saint-Jean area, fine-grained pink granite from Guenette, coarse-grained brown quartz monzonitefrom SaintA lexis-des-Monts. All these rock types occur in the Grenville tectonic province whereas a medium-grained, light grey granite, Devonian in age, is extensively being quarried in the southern part of the Appalachians. In the Superior province a greenish black diabase and a deep red granite are extracted. Search for new varieties and deposits is actively being carried out by prospectors and by the minis/ere de /'Energie et des Ressources du Quebec following growing demand for granitic and gabbroic rocks as dimension stone.

Jan 1, 1984

By F. Kapeller, G. Herget

"The need for monitoring the effect of changes in ground stresses due to mining in hard rock has existed for many years. The Mining Research Laboratories of CANMET, EMR have developed a new tool which monitors with high precision the radial deformation in boreholes. The result is the Mining Research Laboratories strain monitoring system (MSMS) which uses the highly stable and very sensitive vibrating wire principle to monitor deformations in relatively large boreholes, e.g. 76 mm to 153 mm diameter.The vibrating wire is strung across a relatively large proving ring and operates at a frequency between 600 to 1800 Hz. The read-out system is based on continuous vibration.The ring is installed with a hydraulic tool and brought into contact with the surrounding rock through precisely machined and guided wedges. The resolution of the system is in the neighbourhood of 4 x 10-4 min/ Hz. The data collection can be carried out with a portable read-out unit and provisions are available for automatic data collection. Stresses may be calculated from strain readings.The system was tested in cooperation with the Centre de recherches minérales at the Niobec Mine in Quebec for the purpose of monitoring the effects of drill drift development and slope mining on surrounding ground stresses.After access was available to the site, 153 mm diameter holes were drilled for the determination of in situ ground stresses. These holes were then used to install the strain monitoring system. The effect of drill drift development and production blasting in stopes C-203-13 and C-203-15 on ground stress distribution could be observed clearly.The horizontal relaxation in the core of a pillar which occurred during mining of adjacent rooms was between 0.082 mm to 0.111 mm. Calculations of stresses from these deformations indicate that the rock material is still in an elastic condition.Roctest of Montreal has obtained a license on the manufacturing and distribution rights. A patent has been registered and CANMET will assist in installation of the MRL strain monitoring system and the interpretation of records."

Jan 1, 1989

By I. C. Christopher

Introduction The geology of the Cochen-our Willans gold mine has been described in reports by the late Dr. H. C. Horwood (1) in 1940 and by Dr. J. P. Nowlan (2) in 1947. Information from these and other (unpublished) reports has been incorporated in the present paper, together with some recent ideas regarding structural features which are at present being used to locate ore shoots. Location and History The mining claims of Cochenour Willans Gold Mines, Limited, occupy 705 acres in Dome township, on the east shore of Red lake opposite McKenzie island. Adjoining properties are those of McKenzie Red Lake Gold Mines on the west, Boymar Gold Mines on the north, Marcus Gold Mines on the east, and Martin-McNeely Gold Mines on the south. The claims of the original group were staked by W. M. Cochenour, Dan Willans, and H. G. Young, and the Cochenour Willans Syndicate was formed in 1928. Work was carried out by the Syndicate and several other companies during the next eight years with inconclusive results, due to the irregular occurrence of the ore. In 1936, Cochenour Willans Gold Mines, Limited, was incorporated and production was finally started late in 1939.

Jan 1, 1951

The Shortage of Mining and Metallurgical Engineers I N many parts of the Western World attention has recently been drawn to the acute shortage of mining and metallurgical engineers produced by the universities. Naturally, the reasons for this shortage have been discussed, and various remedies for it have been proposed. In this paper, I want to examine some of them. It is now fairly generally ac-cepted among mining men that the easy attractions of modern urban life have left the career of mining in the metaphorical as well as in the literal backwoods. The industry finds it increasingly difficult to recruit adventurous and intelligent young men; for such men now seek their intellectual, if not physical, adventure in more glamorous occupations from a safe social base in suburbia. The salaries, opportunities and security offered by the mining industry do not complete effectively with the rewards offered by other industries and by commerce, taking into account the social disadvantages of a mining life. The excitement and other non-material attractions of mining

Jan 1, 1965

By C. Sideco

"Concentrate drying at the Sullivan Concentrator goes back to 1937 when the original coal-fired dryer was put into operation. This was a second hand 8' dia. x 56' long Struthers-Wells rotary dryer that came from the phosphate plant in Warfield, B.C.In 1962, replacement of the old dryer was seriously considered. The shell and the auxiliary drive mechanism were badly worn and needed replacing. In April 1963, the new 8' dia. x 65' long fuel oil-fired Struthers-Wells dryer went in operation at an installed cost of $174,000.In 1965, it was apparent that a major rebuilding of the dust collecting system would have to be done. A study was carried out and a Ducon Dynamic Gas Scrubber was installed. The system went in operation in November 1966 and has fully met expectations.In the same year, the zinc dryer was converted from fuel oil to natural gas. The conversion has resulted in savings in fuel cost of 12 to 15%.Frame No. 1Zinc Dryer PerformanceDryer Make - Struthers-WellsDryer Size 3/4 8' dia. x 65' long Drum Drive - 100 HPSpeed of Rotation - 5 RPMFeed Rate - 50-65 TPHFeed Moisture - 10-12%Discharge Moisture - 4-6%Dryer Inlet Temperature - 1600-1800°F Dryer Outlet Temperature - 200-250°F Stack Gas Volume - 25,000-40,000 CFNDust Collecting Efficiency - 99.75-99.98% Duet Loss in Stack - 50-300 lbs./day"

Jan 1, 1972

By J. F. Henderson

Stable mining operations commenced in the Northwest Territories in 1933. Pitchblende from Great Bear lake and gold from the Yellowknife district are the main minerals produced. The value of pitchblende products produced from 1933 to 1941 was nearly $6; 000; 000; data on subsequent production are not available. The first gold was produced from the Con mine at Yellowknife in 1938. Other properties that later came into production include the Negus; Slave Lake; Thompson Lundmark; and Ptarmigan mines. The annual gold production reached $3; 862; 000 in 1942 but due to the war and consequent labour shortage fell to $333; 218 in 1945. The only producing mines at present (May; 1947) are the Con and Negus; but several promising properties are under development; including that of Giant Yellowknife Gold Mines where large tonnages of ore are being blocked out. With the reopening of former producing mines and new production from properties now being developed; gold production should rapidly increase and exceed its former peak within the next few years.

Jan 1, 1954

By G. Belzil, F. Robichaud, M. Fullam

ABSTRACT The Goldex mining and milling complex is operated by Agnico-Eagle and is located in the Abitibi greenstone region of northwestern Quebec, Canada. Commercial production started in 2008. Average gold recovery is 93.5% with approximately 68% of gold recovery coming from the gravity circuit. During the first three years of production, three gravity audits were carried out to optimize performance of the gravity circuit. This paper presents results of the audits and the development of a model linking gravity and overall gold recovery, and outlines improvements made to increase gravity performance and reduce operating costs.

Jan 1, 2013

By A. M. Cameron

THE HOISTING PLANT at the Stobie section of the FroodStobie mine is a two-shaft installation designed to handle a daily production of 18,000 tons of ore at depth. The two vertical shafts are within 100 feet of -each other, an arrangement made to provide the needed capacity and to give flexibility of operation (Figure 1). No. 7 shaft, used for handling men and supplies as well as for hoisting ore, has been sunk to the 3000 level and is served by a manhoist handling two cages and an orehoist with two 14-ton capacity Kimberley skips. No. 8 shaft, so far completed to a depth of 1,900 feet, handles only ore. The hoist is semiautomatic with push-button control and the skips are 15-ton capacity bottom-dump. The ore-loading pocket for first stage hoisting at both shafts is 120 feet below 1,600 lev-el and additional pockets are planned, as the shafts are deepened, at 800 foot intervals down to 4,000 feet.

Jan 1, 1956

By H. W. Manley

SULPHUR, like the minerals of coal, iron and petroleum, is one of the essential materials in our modern expanding industrial civilization. Before discussing the salient features of the production of sulphur from the Canadian sour gas, it seems appropriate to outline the historical past and probable future utilization of sulphur. The ancient Greek writer Homer spoke of its "pest-averting sulphur" and the "divine purifying fumigation". Ancient alchemists found sulphur to be a fascinating and baffling material. The discovery of gun powder in the year of 1250, and its application to the art of war a, century later, made sulphur an important commodity in the progress of mankind. The initial manufacture of sulphuric acid in the year of 1736 by the Englishman Joshua Ward, established the basis of a chemical industry that today utilizes 80 per cent of the consumption of elemental sulphur. Commercial production of the chemical soda ash ( N a2C03) discovered in 1787 by the famous Leblanc Process, in-creased international demand for the element sulphur and marks the birthday of the Sicilian sulphur industry.

Jan 1, 1961

By Graham Farquharson, Jame Marshall

"Mining towns have always been an important part of Canadian geography. Many Canadians grew up in them. The frontiers of northern Canada would be a lot closer to the United States border but for the pioneering of new mines, new towns, and new transportation routes. Names such as Labrador City, Chibougamau, Val d’Or, Rouyn-Noranda, Kirkland Lake, Timmins, Sudbury, Red Lake, Thompson, Flin Flon, Yellowknife, Whitehorse,Trail and Kimberley are some of the better known larger communities that have grown to become major commercial and government centres, but which started as the base for a mining development.Many other smaller towns never grew beyond being small communities, dependent upon the local mine and many of these are still alive, but perhaps not quite what they used to be. In this list would be Buchans, Schefferville, Chapais, Cadillac, Virginia town, Lynn Lake, Uranium City, Pine Point, and Keno Hill.Nevertheless, all these towns and dozens more like them were residential communities where people lived and raised families and were quite accustomed to being days from the major centres of Montreal, Toronto, Edmonton and Vancouver, and not just hours away as wet end to measure travelling time today."

Jan 1, 1996

By W. W. Heywood

"IntroductionCIRCULAR structures on the Arctic islands were first noticed early after World War II. During the indexing of the 1950 Royal Canadian Air Force photographs their occurrence was brought to the attention of the Geological Survey of Canada by Mr. W. B. Waugh, Surveyor General. As a result, I. C. Brown ( 195l) of the Geological Survey of Canada studied the air photographs of these structures and discussed theories that might explain their origin. The author, as a member of the Geological Survey of Canada, spent several months in 1952 and 1953 in reconnaissance study of the geology of Ellef Ringnes island, using the Isachsen meteorological station as a base. Twelve days in the summer of 1953 were spent mapping the Isachsen dome and adjacent areas. The Isachsen dome, one of several similar structures occurring on Ellef Ringnes island, is situated 35 miles southeast of the meteorological station.PhysiographyEllef Ringnes island is a mature, stream dissected plain having an average elevation of about 400 feet. The surface of the plain is undulating with a relief of about 150 feet; only a few of the numerous streams that form a dendritic drainage pattern have eroded valleys this deep. Long, low, cuesta escarpments cross' the plain, which is underlain by sedimentary rocks of Lower Cretaceous and possibly younger age. The sedimentary strata have a low regional dip to the southeast; exceptions are found in the vicinity of the domes, where the strata are up-turned, and in the plateau region, northeast of Deer bay, where they are flat lying. The plateau, which is underlain in large part by basalt, is deeply dissected and has an average elevation of 1,000 feet."

Jan 1, 1955

By A. Klingberg, M. Svensson, N. Smolko Schwarzmayr

"Removal of silicates and carbonates from sedimentary phosphate ores by the use of new synthetic collector/formulations was investigated in a comparative study with traditionally used collector systems as references. In the direct carbonate flotation the new formulations showed higher efficiency, contributed to an improved balance of P2O5 recovery and P2O5 enrichment in the recovered material. Efficiency of the new formulations containing synthetic surfactants was 1.5–2 times better than potassium salt of fatty acid sulfonate based formulations that are traditionally used for that purpose. The new formulations also provided up to 7% increase in P2O5 recovery at the same P2O5 grade. The new synthetic collectors for removal of silicates showed extremely good selectivity towards silica bearing minerals. The selectivity factor for the flotation tests when new formulations were used was 32–52 and for the flotation tests with the traditional collectors: 20–32. The ratio between distribution of an amount of silicates (as SiO2) and distribution of phosphate in the froth (waste) is defined as the selectivity factor. The new formulations provided more than 2% decrease of the amount of SiO2 at the same P2O5 recovery.INTRODUCTIONPopulation growth and decrease of arable land are the main reasons for constant increase of consumption of apatite (phosphate ore) in the fertilization field (Lannefors, Gorochovceva, Klingberg, Lima, & Gustafsson, 2015). Fertilizers play a key role for farmers to produce more with less land. The phosphate component of the fertilizer is vital for producing healthy and large amount of crop. As a result the demand for phosphate rock is growing.The largest producers of phosphate rock are the Unites States, Morocco, Tunisia, China, Russia, and Brazil. The term “phosphate ore” includes all phosphate-bearing minerals and rocks, but only two of them are of industrial interest: apatite (igneous origin) and sedimentary phosphate (Peres, Araujo, El-Shall, Zhang, & Abdel-Khalek, 2007). The majority of the world’s phosphate deposits are of the sedimentary type. There are two different types of sedimentary phosphates: siliceous and carbonaceous which are categorized based on gangue minerals (such as quartz, carbonates, mica, and clay)."

Jan 1, 2016