77 77 Page 76 Str ong positive sentiment appar ent in mine fnancing By Gregory Reynolds Raising funds for mine hunting is much easier today than it was not so long ago While T oronto and V ancouver remain the mai n sources of new money Eu rope and especially such countries as England and Sweden have changed their view of the mineral industry While the Chinese elephant in the tent cannot be ignored other factors es pecially in those nations committed to infrastructure improveme nts that will generate progressive economic development are becoming more im portant Job creation has become the number one ambition in most W estern nations They have swung to the viewpoint that putting money in the pockets of consumers is the way to real prosper ity Resource dependent nations such as Canada must sell their products in or der to create a stable economic envi ronment Being a major gold producer this na tion benefts from a single fact that underlays world markets demand for gold exceeds supply This has been true for many years but the turmoil in international currency markets and a rising tide of politi cal uncertainty has caused the aver age person in Europe India and even China to turn to the centurieslong tradition of using gold as a security blanket One result is already apparent in Northern Ontario a mini gold rush in and around the Hemlo Gold Camp Staking in 1979 led to the develop ment of three massive mines the Golden Giant the David Bell and the W illiams In the last few months juniors such as Canadian Ore Bodies Sunvest Miner als Golden Peak Minerals and Melki or Resources have joined Harte Gold Corp in giving Hemlo a long second period of investigation Gold traders have been acquiring lar ge positions in gold because they expect the rally that began in 2016 will continue with the usual bumps into 2018 Ontario and especially Northern Ontario remains a favorite hunting ground for new mines and the historic silver cobalt mining camp in and near the T own of Cobalt has also been en joying a minimining rush The mineral cobalt has become highly desirable sparked by new demands and higher prices Six of the cobaltseeking juniors now active in that area are CobalT ech LiCo Ener gy Cobalt Power Castle Silver Cruz Cobalt and Brixton Met als These two new mining rushes are covered in the 2017 Summer Edi tion of Mining Life and Exploration News published by Canadian T rade Ex mining s premier reporte r of ac tivities and or ganizer of trade shows As well the food of discoveries and changes in the Golden T riangle creat ed by the mining camps of T immins Matheson and Kirkland Lake will be covered Among other good news the long slump in base metal prices has ended The outlook for most base metals also remains positive as the optimism seen at the end of 2016 will persist through most of 2017 Following a strong rebound in Q4 2016 prices for industrial metals are Contd on pg 78 Page 77 F or T otal L ub e S olutions GO WITH THE FLO Tel 18006685458 sales f locomponentscom www f locomponentscom Master Systems House for LINCOLN Autogreasers in Canada v Autogreasers for Your Mobile Equipment v Fluid Handling Equipment for Your Garage v Our Mobile Workshops Come to You VI S I T US AT Canadian Mining Expo PAVILION BOOTH P 25 NE T ZSCH Pumps in the Mining Industry Challenge us W e of fer Pr oven Pumping Solution s C M Y CM MY CY CMY K Canada Mining 338 x 478 bpdf 1 462017 13148 PM