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A P R I L / M A Y 2 0 1 7 www.resourceworld.com 23 O f course, one does not need to be in the biggest mining jurisdiction to have a good mineral project. The Maritimes and Western Labrador host a number of very prospective projects at various stages of exploration, development and mining. Indeed, besides, coal, salt and gypsum, Nova Scotia has 10 advanced- stage gold projects. In Newfoundland and Labrador, claim staking almost quadrupled in 2016 compared to 2015. A selection of projects is summarized below. Mark Morabito, Chairman and CEO of Alderon Iron Ore Corp. [IRON-TSX], told Resource World, "The demand from Chinese and Asian steel mines coupled with the shutdown of a significant amount of Chinese domestic iron ore production is driving prices higher. And that domestic iron ore production is not coming back on line as the Chinese government is now enforcing new and much tougher environ- mental regulations and closing down mills and mines that don't make the cut." Alderon is advancing its development- stage Kami iron ore project in the Labrador Trough of western Labrador where esti- mated capital and operating costs have been reduced significantly from a pub- lished 2012 Feasibility Study by a set of favourable circumstances. "For example, the Québec government purchased the port assets at Sept-Iles from bankrupt Cliffs Natural Resources that will be open to all market participants," said Morabito. "So we don't need to build the port han- dling facilities we originally planned on building; saving over $200 million. In addition, we can now look to use the mined-out Wabush Scully open pit for our tailings – another savings of a couple hun- dred million dollars." Morabito added that the recent prelimi- nary economic assessment announced in Q1 is very similar to the 2012 bankable fea- sibility study, with an updated feasibility study planned in the near future. Almost all permits are in place and Morabito hopes construction can start sometime next year. Capital costs of $897.5 million will be raised with partner HBIS Group. Atlantic Gold Corp. [AGB-TSXV] holds four gold development projects in central Nova Scotia. The Moose River Consolidated Project (MRC Project), which is in the mine construction stage, comprises the Touquoy and the Beaver Dam gold deposits, the Cochrane Hill gold deposit, and the Fifteen Mile Stream Project. Touquoy is the most advanced with all major permits in place. Beaver Dam is in permitting following the release of a feasibility study. MRC (Touquoy and Beaver Dam) has proven and probable reserves of 760,000 ounces of gold grading 1.44 g/t gold. Mine and plant commissioning for MRC is expected in September 2017. Cochrane Hill is at feasibility following the October 2014 PEA and Fifteen Mile Stream has a resource estimate in place. Current drilling at Fifteen Mile Stream is designed to bring resources to measured and indicated status add to the existing life-of-mine plan at MRC. Avalon Advanced Materials Inc. [AVL-TSX; AVLNF-OTCQX] is advancing its 100%-owned East Kemptville tin- indium project about 45 km northeast of Yarmouth, Nova Scotia near the former East Kemptville tin mine. Estimated indi- cated resources are 18.47 million tonnes averaging 0.176% tin, 0.173% zinc and 0.064% copper plus 16.95 million tonnes inferred averaging 0.148% tin, 0.122% zinc and 0.062% copper at a 0.10% tin cut-off grade. The company says that current project work is focused on evaluating the econom- ics of a small scale development scenario that would process surface ore stock- piles for the recovery of a tin concentrate through a small, modular designed gravity process plant. Bowmore Exploration Ltd. [BOW- TSXV] has signed a formal purchase agreement to acquire, from a private owner, a 100% interest in the Brunswick Belt property, a strategic zinc prop- erty in the Bathurst mining camp, New Brunswick. The four claim groups cover about 129 km 2 and are roughly 25 km southwest of the city of Bathurst, and sur- round the original Brunswick No.6 and No.12 mines, operated by Glencore PLC [GLEN-LSE] until closure in 2013. Bowmore has optioned the Victoria Lake tin property 40 km west of Saint John, New Brunswick and has varied interests in the La Scie gold prospect, White Bay South District, Newfoundland and Labrador. Canstar Resources Inc. [ROX-TSXV] is the majority JV partner in the Mary March and Nancy April zinc-lead-copper-silver- gold prospects in central Newfoundland. The company has first right-of-refusal to acquire the remaining interest from its JV partner, Glencore. Canstar's exploration programs in 2014 confirmed the mineral- ized zone and have identified numerous additional targets on the properties. The company is of the view the properties warrant further exploration based on earlier drilling when good values were intersected. Galway Metals Inc. [GWM-TSXV] recently reported assay results from four diamond drill holes on its 100%-optioned Clarence Stream gold property in south- west New Brunswick. Highlights included 4.6 g/t gold over 24.0 metres, including 9.6 g/t gold over 8 metres starting at a verti- cal depth of 12 metres as well as 10.0 g/t gold over 31.0 metres, including 24.2 g/t gold over 12.0 metres starting at a vertical depth of 10 metres. Robert Hinchcliffe, President and CEO of Galway, said, "Galway is very encour- aged by the wide, near-surface and high-grade mineralization encountered in these four holes, as well as in other similarly rich nearby holes that demon- strate excellent continuity. Management is LEFT: Mine construction is well underway at Atlantic Gold's Moose River Consolidated Project (MRC) in Nova Scotia. Above, the grinding building area, CIL tanks and cyanide destruction tanks are completed. Cladding, including roof panel installation, is also completed. Photo courtesy Atlantic Gold Corp.