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Hello SRSR, We're in for excitment this next week according
to astrology:Short-Term Geocosmics
Prepare yourself. We are about to enter one of the most potentially explosive geocosmic time bands of the year. Starting this Monday, August 10, and lasting through August 26, there will be nine important geocosmic signatures occurring, with no more than 4 calendar days separating any two consecutive ones. This is known as a “geocosmic cluster.” But this one is not just any geocosmic cluster. This one contains three powerful Level One geocosmic signatures. As reported in “The Ultimate Book on Stock Market Timing, Vol. 3: Geocosmic Correlations to Trading Cycles,” Level One signatures have the highest historical correlation to primary cycles from which the longest and most severe reversals tend to follow. But it goes even beyond that, because these Level One signatures involve the explosive planets Mars, Jupiter and Uranus.
You may remember from previous columns that any time there is a cluster of signatures involving these three planets in any combination, the possibility of very large price swings is great. On Friday, August 14, the very important Sun-Jupiter opposition takes place. Historically this aspect has a 75% correlation to primary or greater cycles within ten trading days. And 50% of the time, it is a 50-week or greater cycle. We are in that time band now, and the market is making a new high for the 50-week cycle. On Monday, August 17, the Sun will then be in opposition to Neptune, another Level One signature with a 74% correlation to primary or greater cycles within 13 trading days. The passage of the Sun in opposition to both Jupiter and Neptune is known as a “translation” to the Jupiter-Neptune conjunction. Then, on Tuesday, August 18, Mars will form a waxing square to Uranus. This powerful signature has a 76% correlation to primary or greater cycles within 9 trading days. It will also mark the end of Mars' “translation” to the Saturn-Uranus opposition, which began Monday, August 10. But note that Mars, Jupiter, and Uranus are present during this cluster, especially August 14-18. This could get interesting.
The significance of these signatures is apt to show up in mundane matters too. Although we never know what types of events to expect from Uranus (it rules surprises), we do know that earthquakes, tornadoes, hurricanes, high winds and storms, as well as terrorist strikes, airplane disasters, and electrical outages have happened before under similar configurations. This is not a time to take risks by placing oneself in dangerous situations. This is a very explosive time, when one is advised to error on the side of caution. On the positive side, it is also a time of great innovative ideas designed to benefit the masses. However, the attempts to launch these ideas tend to be pre-mature. It may be the right idea, but the wrong time.
SRSR: SHOULD THIS 200 SHARE TRADER SEND A FALSE SENCE OF MOVEMENT UPWARD OR GIVE THIS STOCK A BAD REP!
IT GIVES PEOPLE A 'TIT 4 A TAT' FEELING... WHAT'S UP WITH THAT!
HERE'S HOW PEOPLE ACT TODAY: SRSR SHOULD HAVE A GOOD DAY:
http://superforce.com/RealTime/Index.htm
USAULLY WHEN ION'S FALL LIKE IN THIS CHART THE STOCK MARKET
FOLLOWS ALONG BUT, SRSR DOES WELL:
http://superforce.com/RealTime/Index.htm
METALS NEWS: CHECK THIS WEB SITE....
http://www.metalsnews.com/news_archive.aspx?SearchText=SRSR
check out BING:Asia Business News
Sarissa Resources Inc. (PINK:SRSR) Announce Results From Its Gold Property Shining Tree, Northern Ontario
Friday June 19, 07:32 PM
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Tokyo, Japan, June 19, 2009 - (ABN Newswire) - Sarissa Resources Inc. (PINK:SRSR) is pleased to provide initial results from its gold property in the Shining Tree district of Northern Ontario. The results are a product of Sarissa's recent work involving channel sampling and grab samples after blasting.
Sarissa optioned the property in March, 2009, and subsequently entered into a joint venture option arrangement with Converge Global Inc. (OTC:CVRG) whereby they could earn up to a 50% interest in the property by funding exploration and making certain payments to Sarissa. In June Sarissa notified Converge that certain conditions under the option arrangement had not been met and that the Converge option had been terminated.
The Shining Tree property consists of 16 claim units in Asquith and Churchill townships in the Shining Tree district. On a regional scale the property is located within the prolific Abitibi greenstone belt which is renowned for its concentration of world-class gold and Cu-Zn-Ag-Au deposits. The Shining Tree property appears to be on trend with the Larder Lake - Cadillac Break with which many of the world-class gold deposits are spatially associated. The Shining Tree property is also centred on the axis of a regional gravity high signifying an area of thick supracrustal rocks and under-plating by oceanic crust. In the Abitibi these associations appear conducive to the discovery of major gold deposits.
Sarissa carried out an initial investigative program on the property under the supervision of geologist Alex Korboukh, consisting of 4 one metre long channel samples from the quartz-carbonate veins in the area known as Stripped Area 1, as well as grab samples after blasting a 9 metre section from Stripped Area 3. The samples were assayed at Polymet Labs in Cobalt, Ontario, and returned the following results:
One Metre Channel Samples from Stripped Area 1:
-------------------------
Sample Number Au g/tonne
-------------------------
353401 0.206
353402 0.069
353403 0.686
353404 10.834
-------------------------
Grab Samples after blasting from Stripped Area 3:
-------------------------
Sample Number Au g/tonne
-------------------------
353405 4.731
353406 13.097
353407 10.972
353408 15.772
353409 25.92
353410 0.069
353411 2.606
353412 1.989
353413 2.606
353414 14.743
353415 20.297
353416 2.949
353417 3.154
353418 9.463
353419 1.509
-------------------------
The results from this very preliminary initial work program have revealed the presence of anomalous gold mineralization which warrants continued exploration.
Updates from both the Shining Tree property and Sarissa's flagship Nemegosenda niobium property are expected shortly.
Alan Hawke, BSc. MSc. (Geology), a director of Sarissa, is a "qualified person" within the meaning of National Instrument 43-101 and has reviewed the technical information contained in this news release.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sarissa Resources, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
About Sarissa Resources Inc.:
Sarissa Resources is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada.
Contact:
Merle Goertz
Investor Relations
Tel: +1-604-688-2349
www.sarissaresources.com
http://nemegosenda.sarissaresources.com/
Source:
Sarissa Resources Inc.
Copyright (C) 2009 ABN Newswire. All rights reserved.
Anybody a member of the web site, so we can see where NI is going?http://www.ferroalloynet.com/catelogs/012000000/default.html
Home > Product Lines > Niobium
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Niobium, a soft, shiny, white metal, is also known as columbium since it was originally discovered in a mineral named columbite. Like tantalum, niobium resists corrosion and maintains good physical properties at high temperatures but offers other outstanding attributes.
Although frequently found in the same minerals as tantalum, niobium is more plentiful in nature. Over 100 million pounds of niobium products are produced each year. The largest market for niobium is in high-strength, low-alloy steel production where it brings high temperature strength and corrosion resistance to gas pipelines, automobile components and structural steel.
Smaller volumes of niobium are used in superalloys with nickel, cobalt and iron for jet aircraft engine and power generation turbine blades. Specialty niobium alloys are used in superconducting magnets and cable for applications including magnetic resonance imaging for medical diagnostics and particle accelerators for physics research, and in high intensity, sodium vapor lighting applications.
Niobium oxide improves the refractive index of optical glass, allowing for thinner and lighter lenses, advanced optics, camera lenses, and eyeglasses. Niobium and niobium oxides are also emerging as a dielectric material for electronic capacitors.
Copyright 1995-2009 Cabot Corporation. All rights reserved worldwide.
THIS MORNING I BOUGHT AND THE SHARE DID NOT APPEAR ON THE CHART. ORDER WAS FILLED. (TD-A)
HUGE NIOBIUM PRICE SPIKE - WHY IT SHOULD CONTINUE
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CCE
None Niobium prices continue to soar. We've heard metal brokers report bids to buy Niobium (Ferro Columbium) at $68.00 – 70.00 per kilo USD. This is making Commerce Resources(CCE) an even more attractive stock, as if things weren't good enough already.
Apparently, this niobium price spike is caused by the increased demand for steel against the problems that CBMM (the dominant niobium producer) are apparently having. Unlike molybdenum projects, of which there are many, there are very few late stage Niobium projects looking to go into production in the next 18 months to 2 years that will be able to capitalize on this price spike. This scarcity of Niobium will probably continue then to put upward pressure on the price.
All of this actually puts the value of Commerce's Niobium just slightly above that of their Tantalum. There are also reports that Tantalite is starting to move up in price a little bit because of Niobium content in it.
Commerce Resources does have, at this time, drill proven resources totaling 120M pounds of Niobium, along with 22M pounds of Tantalum.
For those unfamiliar, Niobium is an additive to Steel that increases it's tensile strength. Add two percent Niobium to Steel and the Steel triples it's PSI strength from 40,000 to 120,000.
The US military buys 50 tons of Niobium per month.
As well, Commerce is doing an SGS Lakefield re-do, on a commercial sized sample (the hydro metallurgical test they ran for them in 2004 which showed Commerce's ore consuming less acid than the industry standard). If they confirm these results, Commerce will be the lowest cost producer of tantalum on the planet.
We're told they expect data back from SGS in about 3 weeks
For more information on Commerce visit www.commerceresources.com
LOOK WHAT'S HAPPENING!!!!
Quebec gold junior uses cash advantage to snap up niobium asset
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By: Liezel Hill
27th April 2009
TEXT SIZE TORONTO (miningweekly.com) – Sure, it may have just announced plans to buy as much as 75% of an advanced niobium/tantalum project, but Montreal-based MDN Inc remains firmly a gold-focused company, says exploration vice-president Marc Boisvert.
For MDN, the end game is to find a “company maker” gold deposit on its exploration prospects on Tanzania's rich greenstone belt and Quebec, (or elsewhere) and the foray into niobium is quite simply a means to that end.
“We want to be sure the exploration is not going to stop, and that means we have to guarantee it with our own cash,” Boisvert said in an interview.
“It is all about near-term cash flow.”
MDN is well funded for now, with a comfortable C$24-million in cash, thanks to a steady stream of revenue from its 30% interest in Barrick Gold's Tulawaka mine in the East African nation.
But production at Tulawaka will decline this year, after the operation transitioned to underground mining, and unless the current underground exploration programme succeeds in extending the life-of-mine, the current reserves will be mined out by 2011, which means that MDN will need to find another way to pay for its own exploration activities.
The company believes it has found a neat little solution, after securing an option to buy a controlling interest in privately-held Les Minéraux Crevier (MCI), which owns a lucrative niobium/tantalum resource in Quebec that MDN believes could be producing metal as early as 2012.
If it exercises the option in full, MDN will spend C$13,5-million to buy 75% of MCI in two stages, redeem an MCI convertible debenture and complete the necessary preproduction and feasibility studies on the project.
MCI is currently 50%-owned by Toronto-based Iamgold, the Niobec ferroniobium operation of which is located about 190 km away.
The balance of the firm is held by three individual investors, including MCI's chairperson and president.
The Iamgold continued ownership and technical involvement will also be a key asset as the project moves closer to production, said MDN senior adviser Martin Wong.
Like Niobec, Iamgold inherited the MCI asset when it acquired fellow Canadian Cambior, in 2006.
MCI’s ore type differs from the Niobec mine , because the project will produce niobium oxide, as opposed to Niobec's ferroniobium, as well as tantalum oxide, and so it was not something the larger company could integrate in its current mill, said Boisvert.
At the end of the day, it was a matter of being at the right place at the right time, he commented.
“They [MCI] needed cash to move ahead with the project and we are one of the companies in this market that has the funds to move quickly.”
MDN will fund the completion of a feasibility study within 36 months, although the firm expects it will likely be closer to 20 months.
The company has received indications of support for the project from the government of Quebec, Wong said.
MDN will fund the MCI acquisition and feasibility study from its own cash, but would need to look at external financing if a construction decision is made.
“But that is not going to be a problem,” assured Boisvert.
“We have already been approaching banks and it's clear people are willing to get involved in the project.”
STRATEGIC METALS
Niobium and tantalum are both considered strategic metals by a number of governments, including the US, and demand for both metals is forecast to grow by around 5% a year for the foreseeable future.
Niobium is used in speciality high-strength steels, while tantalum is essential to most electronic devices, because of its distinction as the metal with the highest known specific capacitance, or ability to hold and instantaneously release electrical charge.
The metals are sold in a similar way to uranium, generally over long-term contracts, which is where the industry contacts and intelligence available from Iamgold will be key.
The MCI resource contains NI 43-101-compliant resources of 5,12-million kilograms of tantalum oxide and 47,89-million kilograms of niobium oxide in the indicated category, plus 3,44-million kilograms of tantalum oxide and 27,34-million niobium oxide in inferred resources.
Based on available figures, the mine could produce 1,15-million kilograms of niobium oxide and 115 000 kilograms of tantalum oxide a year, over a life of 17 to 20 years.
At April 2009 prices, this would generate an annual revenue of $51,75-million from niobium sales and $14,03-million from tantalum.
Once in production, MCI could be one of the five largest sources of tantalum and niobium, Wong estimates.
ON THE PROWL
With the MCI transaction under its belt, MDN continues to look for further opportunities to grow, and put its advantage as a cashed up junior to best use.
The firm would consider teaming up or buying rivals that own near-feasibility gold projects, but do not have the funds to see their project through, Boisvert said.
“No, it's quite the opposite,” he chuckled, when asked if MDN might be a takeover target for a larger gold-miner.
“We are the ones out there looking for them.”
Edited by: Liezel Hill
KNOWLEDGE ON NIOBIUM... GREAT!
Test Your Mining and Metals Knowledge
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1) Where does Canada rank in world production of niobium?
First
Sorry. Please try again
Second
Correct! Canada ranks second after Brazil.
Third
Sorry. Please try again.
Has no niobium mining
Sorry. On the contrary, Canada is a major producer, and will become an even more significant producer with Niocan.
2) What is the primary end-use of niobium?
Steel
Correct! 89% of niobium is destined as an additive to steel.
Stainless Steel
Sorry. This only represents 9% of niobium use.
Superconducting applications and medical uses
Sorry. This only represents 2% of niobium use.
3) What is the effect of adding niobium to steel?
Increased elasticity
Sorry. But getting close.
Improved formability
Sorry. It's true but not quite right.
Increased resistance to corrosion
Sorry. But getting closer.
All of the above
Correct! Adding niobium to steel increases elasticity, improves the formability of steel, and increases the resistance of steel to corrosion.
4) What is the primary niobium-bearing mineral?
Columbite
Sorry. While this mineral does contain niobium, it is not the primary niobium-bearing mineral.
Columbite-tantalite
Sorry. While this mineral does contain niobium, it is not the primary niobium-bearing mineral.
Pyrochlore
Correct! Pyrochlore is rhe primary niobium-bearing mineral.
Struverite
Sorry. Struverite is only a minor nibium-bearing mineral.
5) In 2001, world demand for niobium oxide was:
10,000 tonnes
Sorry.
20,000 tonnes
Sorry.
30,000 tonnes
Sorry.
40,000 tonnes
Correct! The primary producing country was Brazil.
6) In 2001, which region or country was the primary net importer of ferroniobium?
Asia including Japan
Correct! This region consumed nearly 40% of world demand for ferroniobium.
Europe
Sorry.
USA
Sorry. While the USA is a net importer of ferroniobium, it is not the largest.
7) What will be Niocan's proposed annual capacity of ferroniobium?
3500 tonnes
Sorry.
4500 tonnes
Correct! Niocan will supply a significant portion of world demand for ferroniobium.
5500 tonnes
Sorry.
6500 tonnes
Sorry.
8) The first prospectors and miners to exploit the mineral resources of Canada were the aboriginal people. The metal that they mined from the north shore of Lake Superior and at Coppermine River, north of the Arctic Circle, and shaped into tools and artifacts was:
Zinc
Sorry. It was another metal, which was found in lumps and was relatively pure, that was mined by the aboriginal people thousands of years ago. Zinc was not produced in Canada until the 1800s.
Copper
Correct! The aboriginal people found native copper in lumps of relatively pure metal which could be easily hammered and fashioned into tools and jewelry. Native copper was mined nearly 5,000 years ago by natives along the northern shore of Lake Superior. The Inuit in the Coppermine River area used native copper as recently as 300 years ago.
Nickel
Sorry. Nickel was not produced in Canada until the late 1860s. A silver mine on Lake Superior near the present location of Thunder Bay, Silver Islet Mine, yielded nickel as a by-product. The aboriginal people had mined a different metal thousands of years before this.
9) The California gold rush that started in 1849 triggered a series of gold rushes in western North America. The first major gold boom, in what is now Canada, was located in:
The Cariboo, British Columbia
Correct! Rich gold deposits were first found in this area in 1860 by fortune-seekers that headed north from California. The main rush began the next season in 1861. The search for gold opened up a new territory, encouraged settlement and helped motivate politicians in eastern Canada to build the Trans-Canada railway.
The North Saskatchewan River, Alberta
Sorry. Although some gold was being recovered from the North Saskatchewan River in the early 1860s, about the same time as Canada's first major gold rush further west, the Edmonton area had its gold boom from 1895 to 1907. Today, people can still successfully pan for gold along the North Saskatchewan River right in the middle of the city of Edmonton.
The Klondike, Yukon
Sorry. The Klondike gold rush, from 1896 to 1898, may be very familiar to you, but it was not Canada's first. The Klondike became well known from the poems of Robert Service, who wrote colourful stories about Dan McGrew, Sam McGee and other characters who "moiled for gold" in the land of the midnight sun.
10) In 1997, Canada was the world's leading producer of:
Zinc
Not quite... but you're on the right track. Canada was the top zinc supplier, producing 15% of world's requirement. This zinc came from five Canadian provinces and both territories. New Brunswick and the Northwest Territories were the two largest producers, followed by Quebec, Ontario, British Columbia, Manitoba and the Yukon Territory.
Uranium
Not quite... but you're on the right track. Canada was the biggest supplier of uranium with 32% of world production. Most of this uranium came from uranium mines in northern Saskatchewan. Uranium was also mined at Elliot Lake in Ontario, where the last producing mine closed in 1996.
Potash
Not quite... but you're on the right track. Canada was the largest supplier of potash with 36% of world production. Saskatchewan is the main location of the potash industry, with some production from New Brunswick.
All of the above
Correct! Canada ranked #1 for all three products. In 1997, 36% of the world's potash, 32% of all uranium and 15% of all zinc came from Canadian mines. New Brunswick and the Northwest Territories were the two largest Canadian producers of zinc, followed by Quebec, Ontario, British Columbia, Manitoba, and the Yukon Territory. Most of the uranium came from uranium mines in northern Saskatchewan. Uranium was also mined at Elliot Lake in Ontario, where the last producing mine closed in 1996. Saskatchewan is the main location of the potash industry, with some production from New Brunswick.
11) Canada is the world's second largest producer of nickel. Which area in Canada is the largest single source of nickel in the world?
Voisey's Bay, Newfoundland & Labrador
Sorry. Voisey's Bay is an exciting and significant discovery of nickel, but it will be at least the year 2006 before any metal is produced.
Sudbury, Ontario
Correct! In 1998, about 14% of the world's nickel came from mines located in the Sudbury Structure, a geological feature that many geologists believe was created when a huge meteorite struck the earth almost 2 billion years ago. In addition to nickel, the mines at Sudbury yield copper, cobalt, platinum, gold, silver, sulphuric acid and other products.
Thompson, Manitoba
Sorry. The mines at Thompson do contribute to Canadian nickel production. However, about two-thirds of Canada's nickel, accounting for 14% of world production, comes from a well-known mining area in Ontario.
12) In 1998, the value of metals from Canadian mines totalled $10 billion. The top two metals were:
Copper and Gold
Correct! Together, copper and gold accounted for over 40% of the dollar value coming from Canada's metal mines. Three provinces, Ontario, British Columbia and Quebec, produced most of this copper and gold (almost 90%).
Silver and Lead
Sorry. Silver and lead were definitely not the top metals in terms of Canadian metal production. Together they accounted for only about 4% of the dollar value from the metal mining industry. Nevertheless, in 1998 Canada mined over $290 million worth of silver and almost $118 million worth of lead.
Zinc and Nickel
Sorry. Zinc and nickel were 4th and 5th, together making up 30% of the dollar value coming from Canada's metal mines.
13) Although we often think of metals and mining together, in 1998 Canada produced over $8 billion in other mineral commodities (excluding oil and gas). These include coal, nonmetals such as salt and asbestos, and structural materials such as clay products and lime. The top two were:
Gemstones and Barite
Sorry. Gemstones and barite are not top-ranked mineral commodities. Nevertheless, Canadian barite production was worth $7 million and gemstones over $400 thousand in 1998. In case you didn't know, barite is used to make paint, paper and cloth, as an abrasive in toothpaste, and in "mud" for drilling oil wells.
Coal and Potash
Correct! In 1998, coal and potash production totalled $3.5 billion, almost 22% of the value of all mineral production in Canada (excluding oil and gas). British Columbia and Alberta were the main producers of coal; Nova Scotia, Saskatchewan, and New Brunswick yielded the remaining 16%. Saskatchewan was the main potash producer, with some from New Brunswick.
Cement and Sand & Gravel
Sorry, not quite... but you were close! Cement and sand & gravel production ranked 3rd and 4th in other mineral commodities, totalling $1.9 billion in 1998. Cement production was spread over six provinces, while sand & gravel came from every province and territory.
14) You use minerals and mineral products every day. Which of the following contains materials that have been mined?
Toothpaste
Sorry, not quite ... but you were close! Toothpaste does contain mined products, such as clay, barite, feldspar, and fluoride from the mineral fluorite.
Carpets
Sorry, not quite ... but you were close! Many carpets do contain mined products: barite or limestone are added to muffle the sound and give bounce, and other mineral products are added as fire retardants.
Copper Pipe
Sorry, not quite ... but you were close! As you might expect, copper does come from mining. It is used in a wide variety of industries because it conducts heat and electricity well, resists corrosion and looks attractive.
All of the above
All three contain products of mining:
Toothpaste:
Ingredients include clay, barite, feldspar, and fluoride from the mineral fluorite. Yum!
Carpets:
Barite or limestone help to muffle the sound and give bounce. Other mineral products are added as fire retardants.
Copper pipe:
There are several ore minerals of copper. Major uses of copper include electrical wiring, electronic products and construction materials such as water pipes.
15) The average cost of making an economic gold or base metal discovery in Canada is:
$5000 - $10,000
Sorry. Not enough.
$5,000,000 - $8,000,000
Sorry. Not enough.
$50,000,000 - $80,000,000
Correct! This may seem like a lot of money, but finding a mine has been compared to "finding a needle in a haystack". There are many companies and individuals looking for an economic deposit, but only a few are successful. Therefore, the largest component in the overall cost is the cost of failure. Exploration is not only costly but time consuming as well, taking several years to find an economic deposit and several more years to develop it before mining can even begin.
16) If you want to pick an area for mineral exploration, one of the first steps is to:
Take several soil samples and send them to a laboratory
Sorry, you're getting ahead of yourself! Taking samples such as soils, rocks and mud from lakes, is often part of a well-planned exploration program. When these are analyzed for certain elements at a laboratory, you may get clues about the location of a hidden mineral deposit. However, before you do any detailed work like taking samples, you have a major decision to make.
Select a company to do drilling
Sorry, you're getting ahead of yourself! Diamond drilling, using a machine that bores down into the rock and gets a continuous rock sample, is very expensive (averaging about $60 a metre). As a smart prospector, you would first pinpoint a promising location to drill by mapping, sampling and other methods, but before doing any detailed work you have a major decision to make.
Decide what mineral or metal you want to look for
Correct! Are you going to search for gold, zinc, potash or iron ore? Your decision will help narrow the choice of good areas to explore. For example, you would probably not look for deposits of metals like gold or copper in the flat-lying sedimentary rocks that cover the plains region in southern Alberta, Saskatchewan and Manitoba - but you might look for coal and potash there.
17) After deciding what mineral you are going to search for, what else could you do to choose an area to explore?
Ask government geologists about possible prospects
Sorry, but you're on the right track. Federal and provincial geologists can be a great help. These geologists have mapped the rock types on a regional scale, collected samples of rocks and stream sediments, analyzed data from geophysical surveys and so on. This information may show ideal areas worth looking at in more detail.
Search through published maps and reports for areas of favourable geology
Sorry, but you're on the right track. It is an excellent idea to check maps and reports because these can save you a lot of legwork! Certain types of mineral and metal deposits tend to occur in certain types of rocks. Canada has a great diversity of rock types, ages and structures. Published information can help narrow down your search area.
Check in provincial government files for information on previous exploration work
Sorry, but you're on the right track. These files, called assessment work reports, contain valuable information about exploration work that has been done in the past. This includes geological mapping, results of sampling, drilling, and other types of surveys done on the property.
All of the above
Correct! All of these may help you choose areas most likely to have the kind of mineral deposit you're looking for. Certain types of mineral and metal deposits tend to occur in certain types of geological environments. Canada has a great diversity of rock types, ages and structures. Information from federal and provincial geologists, published maps and reports, and reports on previous exploration work can help narrow down your search area.
18) In Canada, millions of dollars are spent each year in the search for new mines. How much was spent on mineral exploration in 1998?
About $77 million
Sorry, not enough! More than $77 million was spent on mineral exploration in 1998.
About $770 million
Correct! Finding a mine is hard work and expensive, too! Hundreds of companies, from small junior companies to large multi-national mining corporations, are currently exploring for new mineral deposits. Only a small percentage will be successful.
About $7,700 million
Sorry, too much! Less than $7,700 million was spent on mineral exploration in 1998.
19) How would you go about getting the right to explore for minerals?
By staking a claim on a specific parcel of land
Correct! The specific rules for staking a claim vary depending on the province or territory, but basically the laws ensure that people and companies will benefit if they find a potential mine. You can gain the exclusive right to explore on an available property and develop any mineral discoveries, by staking and recording a claim with the provincial or territorial government. Within a certain period of time, you must do some work on the property or pay a fee in order to maintain this right.
By writing to your federal member of parliament
Sorry. You would be contacting the wrong level of government -- it is the provincial governments that are responsible for regulating mineral exploration in Canada (except in the territories).
By donating huge amounts of money to the Geological Society of the CIM
Sorry. But we do appreciate the thought!
20) Suppose you have gained the right to explore on a property in a forested area. Your exploration program might include:
Hiring a crew to cut lines through the bush in a grid pattern
Sorry, but you're on the right track! Yes, your exploration program might include the cutting of grid lines. These grid lines allow you to accurately pinpoint specific locations in the bush, providing the control for any detailed surveys you plan to do. For example, ground crews can walk along the lines with geophysical instruments that measure properties of the earth below, such as electrical conductivity and magnetism.
Taking samples of twigs and sending them to the laboratory
Sorry, but you're on the right track! Yes, your exploration program might include taking vegetation samples such as twigs if you are searching for certain metals. Plants can take up some elements such as gold and copper, and an unusual amount of these substances in twigs or leaves can give clues about hidden concentrations in the rocks.
Walking through the area on foot, plotting the extent and type of rock formations
Sorry, but you're on the right track! Yes, you might include this type of survey, which is called geological mapping; this is an important and basic step in most exploration programs. Braving the swamps, bugs and bad weather to assess the geology of an area are routine hardships that geologists must endure in the course of their work.
All of the above
Correct! Your exploration program might include cutting grid lines, taking vegetation samples for chemical analysis and mapping the rock types. Grid lines provide the location control for any detailed surveys you plan to do, such as geophysical surveys that measure properties of the earth below (e.g., electrical conductivity and magnetism). The twigs and leaves of plants may contain an unusual amount of some elements such as gold and copper, giving clues about hidden concentrations in the rocks. Braving the swamps, bugs, and bad weather to assess the geology of an area is an important and basic step in most exploration programs.
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WHY WHEN I BUY SRSR DOES IT SHOW UP ON THE SELL COLUNM OM THIS WEB SITE, 'TD AMERITRADE'.
Can someone explain why someone is buying and selling $2.00 worth of stock at the end of the day, 100 shares. this is going on a lot?
CHINA WILL BE A PLAYER SOONER THAN LATER:
BECAUSE in 2007, the U.S. produced about 91.5 million tons of crude steel. China produced 502 million.
MINNESOTA, USA, HAS PROSPECTS ON IRON ORE PRODUCTION...
ALL EYES ON 'SRSR'.
SRSR, SHOULD BE A POSTIVE MOVER THIS WEEK...