Upcoming Q2 Mining Milestones

Joe Oliver, Canada's Minister of Natural Resources, delivers a speech at PDAC 2012 in Toronto.

Perhaps we should call this article, “PDAC Revisited”. While meeting with mining company executives at the annual Prospectors and Developers Association of Canada (PDAC) convention in Toronto in March, we wanted to know what was coming up in Q2, 2012?

For some companies, it was business as usual, but a number of companies were expecting to reach major mining milestones in the upcoming quarter (April – June) of this year.

In alphabetical order, here’s what we learned.

Allana Potash Corp. (Stock Profile – TSXV:AAA) is looking to provide a Resource Update based on data from the last eight months of drilling at the company’s Ethiopian potash project sometime in April.

Balmoral Resources Ltd. (Stock Profile – TSXV:BAR) has an ongoing drill program underway on its gold project in Northern Quebec and expects to continue to release results this month.

Copper Mountain Mining Corp. (Stock Profile – TSX:CUM) is hoping to optimize their design/production capacity. There have been some issues with the gates and the company hopes to resolve these issues and reach a 92% production target (35,000 tonnes per day) this quarter.

Eastmain Resources Inc. (Stock Profile – TSX:ER) expects to announce the drill results from a 26,000 meter drill program on the Clearwater property. Along with the results, the company plans to update its 43-101 Resource Estimate in May.

Eldorado Gold Corp. (Stock Profile – TSX:ELD) in April, the company is planning to provide detailed information regarding plans for their new mines in Greece and Romania acquired during the takeover of European Goldfields.

Goldgroup Mining Inc. (Stock Profile – TSX:GGA) is looking to release an Environmental Impact Statement this quarter. The company also hopes to secure a debt financing in Q2 for their gold projects in Mexico.

Lithium Americas Corp. (Stock Profile – TSX:LAC) is expecting to deliver a Full Feasibility Study in May.

North American Palladium Ltd. (Stock Profile – TSX:PDL) plans to release a 43-101 Report to update the reserves and resources for both of its mines this quarter. The report will include the results from 2011 drill programs. The company also hopes to see commercial production from its Vezza gold mine in Quebec.

Orbite Aluminae Inc. (Stock Profile – TSX:ORT) anticipates more details on the rare earth component and the potential energy source for its project in Quebec this quarter.

Silvercorp Metals Inc. (Stock Profile – TSX:SVM) is set to release an Updated 43-101 Report in Q2.

Stornoway Diamonds Corp. (Stock Profile – TSX:SWY) will be announcing grassroots exploration programs and budgets for the upcoming year this quarter.

Strike Graphite Corp. (Stock Profile – TSXV: SRK) expects to commence drilling on their Simon Lake graphite property in Saskatchewan later this month.

Sunridge Gold Corp. (Stock Profile – TSXV:SGC) is set to release a Prefeasibility Report in April. Also, expect to see drill results from the Adi Rassi property in May.

Ucore Rare Metals Inc. (Stock Profile – TSXV:UCU) anticipates that a 43-101 Resource Estimate will be ready in Q2 that will convert inferred to indicated at their Bokan Mountain project in Alaska.

Volta Resources Inc. (Stock Profile – TSX:VTR) is working on a Prefeasibility Study and expects to have that completed this quarter.

Witwatersrand Consolidated Gold Ltd. (Wits Gold – Stock Profile – TSX:WGR) expects to release a Prefeasibility Study for their DBM gold project in May. The company also looks to close the acquisition of Evander Gold Mines, which includes a producing mine, with joint venture partner Pan African Resources in Q2.

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