Engineering & Mining Journal

DEC 2018

Engineering and Mining Journal - Whether the market is copper, gold, nickel, iron ore, lead/zinc, PGM, diamonds or other commodities, E&MJ takes the lead in projecting trends, following development and reporting on the most efficient operating pr

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NEWS-LEADING DEVELOPMENTS DECEMBER 2018 • E&MJ 7 Both boards of directors for Pan Amer- ican and Tahoe have unanimously ap- proved the transaction. It is anticipated that the special shareholder meetings of Tahoe and Pan American shareholders to consider the transaction will be held in January. The transaction is expected to close in the first quarter of 2019. Evrim Signs 3-year Exploration Alliance Evrim Resources Corp. has signed a three-year exploration alliance agreement with Meridian Gold Co., a subsidiary of Yamana Gold. The alliance allows Evrim royalty-free access to Yamana's dataset in the western United States for gold and base metal project generation. The dataset contains information from more than 7,000 locations ranging from early-stage exploration to advanced projects and represents approximately 30 years of exploration work completed by Meridian and predecessor FMC Gold Co. It covers a large portion of the west- ern United States with a particular focus on Nevada. "The dataset consists of digital and non-digital data with proprietary non-pub- lic information that has not been reviewed for many years, making it a unique and valuable asset," said Paddy Nicol, Evrim president and CEO. "Western United States represents a new mining and ex- ploration jurisdiction for Evrim and re- inforces our strategy to gain competitive advantages in areas in which we operate. We look forward to applying our skillset to identify new opportunities with this un- der-utilized dataset." During the alliance period, Evrim will compile a fully digital and comprehensive dataset to generate new targets and ideas within the designated area. Should Evrim acquire a project within the designated area, Yamana will have the exclusive right for 60 days to enter into an option agree- ment to earn a 75% interest. The option period is independent of the alliance period and may extend be- yond the three-year term. At the end of the alliance, both parties will retain a copy of the digital database. Hudbay Will Acquire Mason Resources Hudbay Minerals Inc. has entered into an agreement with Mason Resources Corp. PDAC 2019 Offers Educational Sessions, Honors Industry Leaders The annual Prospectors & Developers As- sociation of Canada's (PDAC) convention kicks off March 3, 2019, at the Toronto Convention Center. The technical program offers delegates ample opportunities to learn and network. The opening session and keynote take place Monday morning, but sessions are planned for Sunday after- noon. The event concludes on Wednesday, March 6. The keynote session on Monday focuses on the next generation. Through- out the three days, speakers will give pre- sentations ranging from diamond explora- tion to geometallurgy to new discoveries. The program has its educational value, however, many prospectors flock to the con- vention to attract attention from investors. Toronto is a banking center and the TSX and TSX-V finances more mining startups than any other exchange. The Core Shack is packed with prospectors displaying core samples from different projects around the world. It's not uncommon to hear explora- tion geologists explaining to investors how to see the minerals in the core samples. PDAC also offers delegates several op- portunities to mingle with various recep- tions throughout the event. Several func- tions have been organized, such as the Student-Industry Networking Luncheon, the Trade Show Reception and the Awards Gala, where PDAC will recognize indus- try leadership with six awards. Now in its 41 st year, the PDAC Awards Gala is often referred to as the Oscar's for the mining in- dustry. Hosted at the Fairmont Royal York Hotel on Tuesday evening, March 5, tickets are limited and pre-registration is required. This year's award recipients include: Peregrine Diamonds, which will receive the Bill Dennis Award for the discovery of the Chidliak Diamond District on Baffin Island, Nunavut. It unveiled 74 kimber- lites, one of which has a nearly 18-mil- lion-carat inferred mineral resource. Don Bubar, who will receive the Distin- guished Service Award for his efforts with raising awareness about the importance of engagement between companies and indigenous communities. NexGen Energy, a uranium exploration and development company focused on Saskatchewan's Athabasca Basin, will receive the Environmental & Social Re- sponsibility Award for giving back to the province by investing in community ini- tiatives focused on education, health and economic development. Gordon Maxwell, a respected geologist and member of Sachigo Lake First Nation in northwestern Ontario, will receive the Skookum Jim for his 35-year career that has taken him around the world evaluat- ing projects and potential acquisitions. Cardinal Resources, which will receive the Thayer Lindsley Award for the Nam- dini Project, a rapidly evolving gold dis- covery in the northeast corner of Ghana. Nemaska Lithium will receive the Viola R. MacMillan Award to for its work related to the Whabouchi project. Located in the James Bay region of Québec, it is one of North America's largest spodumene de- posits. The company successfully com- pleted a C$1 billion financing package in May to build a unique lithium hydroxide and carbonate production facility, in tan- dem with a spodumene mine. For those interested in exploration, PDAC is a must-attend event ( PDAC delegates inspect specimens at the Core Shack.

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