Mining

With shaky world markets and low commodity prices, mining companies are having a hard time raising capital for their exploration projects.

Through fun group events, Miners for Cancer annually raises funds for Northern Cancer Foundation.

Gold Canyon Resources announced its filing a preliminary economic assessment on its Springpole Gold Project at Red Lake in northwestern Ontario.

FedNor Minister Tony Clement picked the Federation of Northern Ontario Municipalites annual conference in Parry Sound to announce a $4.4 million federal investment over three years in the Ring of Fire Capacity Building Initiative.

Probe Mines has announced $15 million in bought deal financing.

Lake Shore Gold in Timmins is expecting 2013 to be a breakout year. “We are on track now to really transition from junior exploration company to a producer,” said president and CEO Tony Makuch at a presentation in April.

Wallbridge Mining Company has announced five more drill holes have been completed at the Broken Hammer copper and precious group elements project in Sudbury. Overall, the drilling discovered new mineralization. Highlights of the drilling include: 12.

It was a first for Canada and a first for Wabi Iron and Steel Corp. in New Liskeard. In March, the company delivered the first of three 50-tonne ore skips for Agrium ’s Vanscoy Mine in Saskatchewan.

A Sudbury -area zinc deposit that was once considered unprofitable is now getting a second look because of modern mining and metallurgical technologies.

Vale has launched a new sustainability website in Sudbury at www.valegreatersudburysustainability.com . The website includes comprehensive information and reports about Vale ’s environmental initiatives in the Greater Sudbury area.