74 www.resourceworld.com
F E B R U A R Y / M A R C H 2 0 2 0
T
hough there are no major coal mines
operating in the province today,
Nova Scotia's mines continue to pro-
duce some coal as well as silver and gold.
New Brunswick's copper, lead, silver zinc
and coal mines add to the Maritimes pro-
duction numbers. Newfoundland is the
largest Maritime producer with cobalt, cop-
per, gold, iron, nickel, platinum and silver
production worth an estimated $2.8 billion
in 2018 according to Statistics Canada.
Following is a review of mining compa-
nies exploring, developing and producing
in the Maritimes.
Anaconda Mining Inc. [ANX-TSX;
ANXGF-OTCQX] has the Point Rousse gold
project in north-central Newfoundland
that hosts three deposits (Pine Cove,
Stog'er Tight and Argyle). The Pine Cove
open pit, in production since 2010, has
produced 118,028 oz gold. The company
is transitioning from mining at Pine Cove
to the Stog'er Tight deposit early 2020.
At Anaconda's Tilt Cove exploration gold
project, (~45 km by road from the Pine
Cove mill) the company is trenching and
drilling key exploration targets.
Anaconda recently filed a NI 43-101
technical report updating the Resource
Estimate for their 100%-owned advanced
exploration and development Goldboro
gold project in Nova Scotia and has
received permits for the extraction of a
10,000-tonne underground bulk sample.
On January 17, 2018 Anaconda announced
a positive result of an PEA on the Goldboro
Project that envisages an underground and
open pit mine.
Avalon Advanced Materials Inc.
CANADIAN
MARITIMES
– Exploration and
mining update
by Kathrine Moore
CANADA'S MINING INDUSTRY TRACES ITS HISTORY BACK TO THE 1700S WHEN COAL MINING
BEGAN IN THE MARITIMES, ON CANADA'S EAST COAST, ON CAPE BRETON ISLAND WHERE COAL
WAS EXTRACTED FROM RICH, EXPOSED SEAMS ALONG THE ISLAND'S CLIFFS. IN THE 1800S, NOVA
SCOTIA'S COAL MINING INDUSTRY WAS THRIVING.
