Newrange Starts Geophysical Surveys at Pamlico in Nevada
MPX Geophysics has started flying high-resolution airborne magnetic and radiometric surveys at Newrange Gold’s high-grade Pamlico gold project in Nevada. The company also contracted for a ground-based gravity survey to start on or about August 21. These property-wide geophysical surveys have never been done at Pamlico and are designed to help identify subtle alteration styles and the distribution and extent of favorable rock types that host the majority of the gold occurrences at Pamlico. The geophysical data will help refine known targets, as well as identify new targets for follow-up.
CEO: Trump Favors National Source for Rare Earths
The Trump administration favors the idea of converting the processing plant at Mountain Pass rare earth mine to a national lab for research into rare earth elements (REEs) mining and processing, according to Michael Silver, CEO, American Elements Corp. Silver met with the president in July after a consortium spearheaded by a company allegedly linked to the Chinese government acquired the mine, formerly owned by Molycorp, at a bankruptcy auction. Rival bidder, Tom Clarke, owner of ERP Strategic Minerals, said he would contest the result in court.
NexGen Eying Major Athabasca Basin Uranium Mine Development
NexGen Energy reported that positive results from an independent initial preliminary economic assessment (PEA) support planned development of a major new underground uranium mine on its Arrow deposit in Saskatchewan’s Athabasca Basin. The positive results are a function of a conventional long-hole stope mine plan to extract compact, near-vertical uranium mineralization localized in competent, crystalline basement rocks.
Cliffs Natural Resources Has New Name
Cliffs Natural Resources Inc. announced it has renamed the company to its historical name Cleveland-Cliffs Inc. The company has been an important part of the North American iron and steel industry for many decades. The name change is part of the celebration of the 170th anniversary of the company. It is effective immediately.
MSHA Expected to Delay, Amend Workplace Exam Rule
The Mine Safety and Health Administration (MSHA) will likely propose changes to its embattled Workplace Examination Rule, Husch Blackwell reported. The rule, a holdover from the former President Barack Obama administration, requires extensive changes to the way mine operators must perform, record, communicate and respond to workplace examinations performed on every shift.
McClean Lake Mill is Granted 10-year License Renewal
AREVA Resources Canada and Denison Mines have been granted a 10-year license renewal for the McClean Lake uranium milling operation, valid as of July 1, 2017, and extending to June 30, 2027. The McClean Lake mill is located approximately 800 kilometers (km) northeast of Saskatoon, Saskatchewan, and is owned 70% by AREVA, 22.5% by Denison Mines, and 7.5% by OURD Canada. AREVA is the operator.