Resource World Magazine

Resource World - September 2013

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Fire Lake Mine and 60 km south of the Cliffs Natural Resources Bloom Lake Mine in northeast Québec. Cliffs Natural Resources Inc. [CLFNYSE] is the 75% owner and operates the Bloom Lake iron ore mine nine miles southwest of Fermont in the Labrador Trough. Expansion plans will increase production capabilities from 8.0 million to 16.0 million tonnes of iron ore concentrate per year. Clifton Star Resources Inc. [CFOTSXV; C3T-FSE] recently reported drill results from the Duparquet Project 45 km northwest of Rouyn-Noranda. Highlights included hole BD13-22 with 34.0 metres grading 5.64 g/t gold (North Zone), including 11.7 metres grading 8.36 g/t and 7.5 metres of 7.21 g/t. Hole D13-18 had five metres of 5.58 g/t gold (South Zone), including 2.5 metres of 9.45 g/t. Commerce Resources Corp. [CCETSXV] is drilling its 100%-owned Ashram rare-earth-element deposit in northern Québec. A six-week to eight-week 16 www.resourceworld.com field program will include 1,000 - 1,500 metres of drilling of infill holes in order to increase the resource confidence. Eagle Hill Exploration Corp. [EAGTSXV] has agreed to acquire the remaining 25% ownership along with all the other interests in the claims of the Windfall Lake property from Noront Resources Ltd. [NOT-TSXV]. The property, located in Urban Township, hosts 538,000 oz gold grading 10.2 g/t in the indicted category and 822,000 oz gold at 8.8 g/t in the inferred category. Southern Arc Minerals Inc. [SA-TSXV; SOACF-OTCQX] recently acquired a 26.2% interest in Eagle Hill. Eastmain Resources Inc. [ER-TSX] has several projects – the Eléonore gold project (Goldcorp and Eastmain each with 36.8%; Azimut Exploration 26.4%), the Clearwater Project, Eastmain Mine and the Reservoir Project. At the past-producing Eastmain Mine, infrastructure is being completed. Falco Pacific Resource Group Inc. [FPC-TSXV], founded in 2012, has assembled a huge mineral lands package encompassing over 700 km2 in the famous Rouyn-Noranda base and precious metals camp in northwest Québec. The company recently completed an update on its advanced computer modeling of the Horne 5 gold-silver-copper-zinc deposit. The Horne 5 deposit hosts a non-NI 43-101 compliant historic resource of 167.83 million tonnes grading 1.25 g/t gold, 17.14 g/t silver, 0.10% copper and 0.57% zinc and is located 100 metres north of the former producing Horne Mine (historic production of 54 million tons at 6.10 g/t gold and 2.22% copper). The modeling is providing a platform from which to generate resource estimates, help better define internal high-grade gold sub zones, and aid in developing new exploration strategies and targets. Fancamp Exploration Ltd. [FNC-TSXV] has announced an initial resource estimate for its 100%-owned Lac Lamêlée South iron project in the Fermont Mining District of northeast Québec. Based on 57 drill holes and two surface trenches, at a 22% cut-off grade, there are 520 million tonnes grading 39.5% Fe2O3 in the inferred category. Focus Graphite Inc. [FMS-TSXV; FCSMF-OTCQX; FKC-FSE] reported final assays from the summer 2012 reconnaissance exploration program at its 100%-owned Lac Guinécourt graphite property in the South Manicouagan Reservoir area of northeast Québec, 17 km south of Mason Graphite's Lac Guéret graphite deposit. A total of 32 grab samples were collected from historical and new graphite-bearing outcrops related to the Graphi-Centre showing area. Twentyone samples returned high-grade graphitic carbon (Cgr) assays ranging from 6.36% to a high of 45.90% Cgr. Geomega Resources Inc. [GMA-TSXV] is developing its 100%-owned Montviel rare earths-niobium project located approximately 100 km north of Lebel-sur-Quévillon. The project carries a 2% net royalty to NioGold Mining Corp. [NOX-TSXV]. Geomega has finalized the process flow sheet to recover rare earths as a concentrate. Highlights include an average 83% overall recovery for neodymium, europium, praseoSEPTEMBER 2013

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