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By E. R. Lea

The B. M. & S. orebodies, consisting of the No. 6 (Brunswick) and the No. 12 (Anacn Leadridgz, have the distinction of being the first major 1base metal ore deposits to be found in the Province of New Brunswick. They are massive sulphide de-posits consisting of pyrite (pre-dominantly) and base metal sulphides, and they carry values in lead, zinc, copper, and silver. These orebodies are localized within favourable drag fold structures believed to be related in their origin to external forces set up in the area subsequent to the primary regional folding. Both orebodies are characterized by the presence of magnetite 'iron formation' which, in certain 'Portions of each orebody, may be found as relics within the massive sulphides. Studies show the magnetite to be the first metallic mineral within the ore ?zones, followed by pyrite, Sphalerite, galena, and finally chakopyrite. The shape of these massive pyritk orebod:es as well as the distribution of values within them is controlled to a large degree by the ore-ore drag fold structures. A possible relationship is discussed between the basic intrusives in the area ?and the magnetite deposits. It is suggested that a large portion of ?the iron content of the massive suplhedes has been derived from the earlier magnetite. Intermittent movements in the area during the sulphide mineralization are believed to belong to the last stages of deformation in the area. These late movements may have been caused by the intrusion of the granite into the area. The granite may have a genetic relationship to the B. M. & S. orebodies.

Jan 1, 1958

By B. J. Keating

"AT PRESENT, it is not certain that any of the sulphide de in the Province of Nova Scotia attain the lower grade limit of 60 per cent sulphides over the minimum area of 1,000 square feet suggested as cut-off specifications for inclusion in this Symposium. However, several of them do include massive sections of substantial size and others represent concentrations of sulphide material that are well above average. It is felt, therefore, that a tentative classification of the deposits and presentation of their geological settings are justified and may help round out the genetic aspects of this study. Accordingly, data considered to be the most pertinent are assembled here in the event that some may fit into larger-scale patterns of mineralization that may take shape as a result of this investigation.The three principal massive sulphide deposits in Nova Scotia are the Stirling, the Smithfield, and the Walton. The locations of these are shown on the accompanying key-map (Figure 1).Three other deposits, the locations of which are also indicated on the map, are the Meat Cove, Rocky Brook, and Gays River de¬posits. Although these fall far short of the minimum dimensions and grade specifications referred to above they are singled out because they have received more than passing attention and are illustrative of the mineralization types to which they belong."

Jan 1, 1960

By Y. Tanaka, M. Maeda, S. Suzuki, C. Tokoro, T. Kato, K. Muto

Boron (B) co-precipitation was investigated with ettringite to establish a cost efficient method of removing B from acid mine drainage. For 25 mg/L of B solution, most appropriate pH for B removal was pH 11.5. The most appropriate amount of reagent for B removal within Japanese effluent standard (10 mg/L) was B:Al:Ca:SO4 = 1:3:9:4.5, which corresponds to the composition of Ettringite (Al:Ca:SO4 = 2:6:3). The effect of silicate, carbonate and temperature on efficiency of B removal is important as groundwater and hot spring water are often contaminated. When silicate and carbonate are present, more Al and Ca salts are needed for B removal since some aluminum and calcium precipitate with silicate and carbonate as kaolinite and calcium carbonate. These precipitates do not contribute much to B removal. As the temperature raised, the most appropriate pH for B removal decreased. B removal became less efficient as monosulfate precipitated more rapidly as ettringite.

Jan 1, 2015

By Richard R. Klimpel, Simon Isherwood

"The industrial processing of ores containing gold and/or platinum minerals is generally mining site specific, e.g. McQuiston and Shoemaker (1985). The variety of various mineral processing techniques employed is extensive and includes size classification, gravity concentration, amalgamation, roasting, cyanidation, chemical leaching, ion ex-change/solvent extraction and froth flotation. Because of the relatively small quantities of Au and Pt that exist in the earth’ s crust, the economical recovery of Pt and Au often requires that the Au and Pt be associated with other industrially important minerals. This association of Au and Pt with other minerals can occur in very complicated mineralogical forms. It is probably safe to say that Au and Pt mineral concentration from natural ores represents some of the most complex metallurgical challenges facing the mining industry.Froth flotation is a technique that is receiving increasing industrial attention for the treatment of finely disseminated and/or associated Au and Pt minerals. The high throughput at relatively low capital cost, the potentially high selectivity, and the existence of a well-established technology for treating more abundant associated minerals such as base metal sulfides makes froth flotation an attractive processing alternative. Broadly speaking, the industrial oriented froth flotation experience with Au and Pt minerals exists in two major categories: 1) the flotation of Au and Pt associated with pyrite (or pyrrhotite) and 2) the flotation of Au and Pt associated with primarily Cu, Zn, or Cu/Pb/Zn containing sulfide ores.In the case of the precious metal association with pyrite (or pyrrhotite), much of the published froth flotation experience comes from South Africa. Typically, such processes are done using an acid side flotation with a collector such as mercaptobenzothiazole. The approach obviously is to float pyrite and hence recover associated gold. Generally the higher the total sulfur recovery the higher the gold recovery. Similar experiences of Pt associated with pyrite are a lot less common mineralogically and hence less well documented industrially. For example, in Canada, Pt is often associated with pyrrhotite but is not really processed as a straight pyrrhotite recovery.For the situation of Au and/or Pt associated with other base metal sulfide minerals, the industrial experience base is quite varied and is well documented from both North and South American operations. The nature of most of these flotation processes is to design, operate, and optimize the installed concentrator to get the Cu, Pb, Zn, Ni, etc. that is the bulk of the valuable sulfide ore and then take whatever precious metal recovery comes. Typically, such flotations are on the basic side using standard thiol collectors such as xanthates, dithiophosphates, thionocarbamates, etc. It is very common with such ores to use mixtures of collectors in order to get ""everything"". Often in such plants, there is an inherent balancing act occuring so as to operate in such a manner to reject pyrite (and pyrrhotite) in order to maintain high base metal mineral concentrate grades and yet recover sufficient precious metals such as Au and Pt minerals which often are associated with the iron sulfides being rejected. Obviously in such an environment, the smelter operation often ends up telling the concentrator what the precious metal recovery actually was in a given production period."

Jan 1, 1994

By E. S. Allen, P. R. Kruesi, J. L. Lake

An electrochemical process is described for converting concentrates of base-metal sulphides to the corresponding pure metals and elemental sulphur. The application of the process to chalcopyrite is discussed. The process is also of potential interest in processing copper-nickel sulphides, and laboratory data concerning this potential are presented. The process creates neither air nor water pollution.

Jan 1, 1973

By David S. Robertson

"IntroductionCanada has been one of the world's leading producers of uranium since atomic energy first became of practical importance in 1942. Indeed, prior to this time, between 1933 and 1940, Canada produced significant amounts of pitchblende, as a source of radium, from the Eldorado Mine at Great Bear Lake*.Uranium was first reported in Canada, however, in the middle of the 19th Century in the vicinity of Theano Point on Lake Superior north of Sault Ste. Marie. In the early 1900s, uranium-bearing minerals were reported in Quebec north of the St. Lawrence River and in pegmatites in Quebec and eastern Ontario. In 1930, G.A. LaBine and E.C. St. Paul visited an occurrence of cobalt reported by the Geological Survey of Canada in 1900, and brought the Eldorado Mine into production in 1933, as noted above, producing, in the main, silver and pitchblende.In 1942, developments in atomic energy were such that the Government of Canada, at the behest of Great Britain and the United States, requested that Eldorado, which had been closed in 1940, be re-opened to produce uranium for the Manhattan Project. In September, 1943, all discoveries of radioactive minerals were reserved to the Crown and their staking by private interests was banned. In January, 1944, the government nationalized Eldorado and formed a Crown corporation, the present Eldorado Nuclear Limited, to take over the assets. That year marked the formal beginning of uranium exploration in Canada.The Period 1944 to 1948In 1944, the Crown Corporation and the Geological Survey of Canada began exploring for uranium deposits, largely in the areas of Great Bear Lake and Lake Athabasca. In that year, A. W. Joliffe of the Survey visited properties on the north shore of Lake Athabasca near Beaverlodge Lake and recommended that Eldorado acquire claims in the area. In 1946, P. St. Louis and E. Laurum, prospectors working for Eldorado, found the pitchblende veinlets that led to the Ace Mine. Shaft sinking began in 1951, and production, through a carbonate leach plant, began in 1953.Continuing drilling on the Eldorado claims led to the Verna ore bodies, some 6,000 feet northeast of Ace, on which shaft sinking started in 1954."

Jan 1, 1986

By D. Warkentin, T. Yeomans, R. Tavakoli, A. Nacu

"One of the most successful commercial methods of extracting gold from ores involves solubilizing gold as a gold cyanide complex, followed by adsorption of the complex onto activated carbon. The gold cyanide is subsequently eluted from the carbon to produce a concentrated gold solution suitable for electrowinning to recover the precious metals. Stripped carbon is treated in a kiln under a flowing steam atmosphere to reactivate its surface, allowing it to be reused. The aim of this study was to investigate the gold elution using a mixture of sodium hydroxide and isopropyl alcohol in both batch and continuous tests, with the eluates being electrowon on carbon foam cathodes. The effects of various factors, including alcohol content and sodium cyanide addition were studied. The addition of alcohol considerably improved gold elution kinetics, while the presence of sodium cyanide did not have a significant impact on either elution efficiency or kinetics. In all cases, efficient electrolysis was shown to be an important factor in maintaining effective carbon circuit operation.INTRODUCTION Gold dissolved as Au(CN)2- complex during cyanidation is recovered either by cementation with zinc powder, also known as the Merrill-Crowe process, or by adsorption into activated carbon through Carbon-in-Pulp (CIP) or Carbon-in-Leach (CIL) processes. Activated carbon loaded with gold is then eluted and gold is subsequently recovered by electrochemical methods. Conventional elution processes such as atmospheric and pressurized Zadra processes, involve stripping with a cyanide (0.1–0.2% NaCN) and sodium hydroxide solution (1–2% NaOH) at high temperature (90–140°C) over long elution times of 8 to 72 hours. In the Anglo American Research Laboratories (ARL) elution process, the acid-washed loaded carbon is pretreated with a strong sodium cyanide and sodium hydroxide solution (1–5% NaCN and 1–2% NaOH), followed by elution with water at 110–130°C. Solvent-assisted elution processes have also been reported, such methods use varying concentrations of alcohols (methanol, ethanol and isopropanol), ketones, or glycols to enhance atmospheric elutions at temperatures up to 95°C (Muir et al., 1985; Ubaldini et al., 2006; Espiell et al., 2008; Soleimani & Kaghazchi, 2008). The present work investigates the efficiency of isopropanol in the gold elution process, as well as the methodology of evaluating gold stripping processes in the lab setting"

Jan 1, 2017

By Dart Wantland

"AbstractThe scope of geophysics in civil engineering and the nature of exploration geophysics are briefly discussed. Engineering problems amenable to geophysical attack are illustrated by specific examples. The various methods available, accuracy of results, and costs are treated. The possibilities of new uses of geophysical techniques are pointed out.IntroductionTHE SCOPE of geophysics in engineering is different than in oil or mining exploration. In civil engineering, geophysics solves specific problems; as for example, what is the depth to bed-rock along the axis of a proposed dam? The area to be surveyed is of limited extent, and the subsurface information .sought is relatively near the surface. The engineering geophysicist is not called upon to investigate geological basins or extensive mineralized areas or to probe for data to thousands of feet in depth. The geophysical tools employed in the three fields are, however, quite similar; the differences are mainly in the objectives.The Natural Geophysical ExplorationThe terms geophysics and geophysical exploration have been used heretofore and will .be employed in what follows. The question is, therefore, What is geophysical exploration?Geophysical exploration is a line of field work where measurements are made at the ground surface with special instruments to get geological subsurface information. Briefly stated, geophysics is a form of exploration that supplements geological work. It is a blend of physics and geology since physical measurements are made •at the surface of the ground that can be interpreted in terms of subsurface conditions."

Jan 1, 1953

By I. Cifuentes

Chemical and physical characterization of copper electrodeposits obtained on mesh and plate cathodes in conventional and reactive electrodialysis lab-scale cells have been carried out. The effect of Fe, Mn, Cl and guar on electrodeposit composition and morphology were determined by means of metallographies, scanning electron microscopy (SEM), atomic force microscopy (AFM), inductively coupled plasma mass spectrometry (ICP-MS) and Auger electron spectroscopy (AES). Each impurity influenced the deposit morphology in a different way (e. g. grain size, surface roughness). AFM proved to be a very effective tool for quantifiying and classifiying surface quality.

Jan 1, 2007

By R. E. Gilmore

PREAMBLE THIS PAPER comprises material presented in two separate 'Papers at the British Commonwealth Scientific Specialist Conference on Fuel Research held in London, England, in July, 1950. These papers are now available for publication in Canada, since only essential parts of the conference discussions, in addition to the resolutions resulting therefrom, will be published in the official Proceedings of the Conference. Inasmuch as the information presented concerns Canadian organizations and training facilities for fuel research, it should be of general interest to Canadian scientists, and especially to the Coal Division of the Canadian Institute of Mining and Metallurgy. Part I, the alternate title of which is Facilities in Canada for Fuel Research and for Exchange of Information and Staff, does not include research on peat, oil shale, petroleum oils in general, and natural gas, and omits studies of the geology, constitution, and production of coal. Special reference is, however, made to research on the heavy crude oils and bitumen of the Western Prairie Provinces, and particularly to their production and treatment to produce crudes for oil refinery processing.

Jan 1, 1951

By W J. Riva

This paper reviews the circumstances that led to the development and construction of a commercial-scale vertical shaft carbonizer at Conmore, Alberta. This form coking process may be regarded as having potential application in other areas. Coal pelletizing offers a promising method of decreasing coal agglomeration costs under certain circumstances. Pellets can be rolled easily from -35-mesh coal, provided that a minimum of -200-mesh coal is present. Bentonite was found to be the best binder and was most effective when added in amounts of about 2 per cent. The water content of the coal pellets was observed to vary from 18 to 23 per cent. As a by-product of this investigation, it seems possible that fine coal could be converted into stoker feed by this process. A short investigation of the effect of heating rate on the carbonization of pellets was conducted. The low maximum heating rates in certain temperature ranges, necessary to avoid crack formation in the pellets as reported by other

Jan 1, 1964

By Michel Mellinger

This paper presents preliminary results of a project aimed at obtaining a better understanding of the genesis of gold mineralization in northern Saskatchewan using lithogeochemistry. The properties sampled were: Weedy Lake (B Zone), Waddy Lake (Komis Zone) and Wedge Lake (Twin Zone) in the La Range belt, and the Rio mine in the Flin Flon area. Although the three vein-type deposits rudied here (Weedy Lake. Waddy Lake, Rio deposit) occur in different geological situation . a common gold deposition mechanism appears to have been active at all three location . Hydrothermal fluids carrying sulphur in solution in exces of gold thio-complexes moved through fractured host-rocks until they reached a site where pyrite precipitation wa triggered. As pyrite precipitated, the a/ aAu activity ratio of the fluid decreased. until a critical thre hold was reached and gold thio-complexe were de tabilized . resulting in the co-precipitation of gold and pyrite. The conditions triggering the precipitation of pyrite appear to have been: the abundance of iron in host-rock ~ilicates at Waddy Lake. and temperature decrease upon the reaching of structural trap~ at both Weedy Lake and the Rio deposit. with additional involvement of carbonatizationrelated reactions between fluid and host-rocks for the latter. In addition to pyrite precipitation , potassic alteration of the mafic metavolcanics is observed at Waddy Lake. while at the Rio deposit, the extensive carbonatization of the host-rocks i coupled with the deposition of chlorite that may have been remobilized from the altered mafic host rocks. In both the B Zone at Weedy Lake and the Komis Zone at Waddy Lake, a di tinct vanadium signature give some clue about the direction in which the hydrothermal fluids have moved . and the interpretation made is con istent with the geological ituation in either case. As for the Wedge Lake deposits, the distinct base metals-precious metals a sociation within a sulphide-facies iron formation confirm the volcanic exhalative origin of this gold mineralization .

Jan 1, 1986

By P. J. Urso

"The coal reserves of the Crow's Nest Basin in British Columbia have been known since the late 1860's. The 51.0-million-long-ton (over 15 years) sale of low-volatile coking coal to Japanese steel mills, as finalized in 1968, establishes the importance of these coal reserves in the world markets.In the early stages of the exploration program, which began in January, 1967, emphasis was placed on deter-mining the reserve of underground low-pitch coal within the No. 10 or Balmer seam of the Kootenay coal forma-tion. The finding of low-cover reserves in excess of 100,000,000 tons altered the initially planned underground program. Extensive tests were performed, establishing the excellent coking characteristics of the open-cast Balmer coal. Due recognition was given to the ultimate reclamation costs of mined lands and associated spoil areas.t was determined that, to achieve the costs desired, a high productivity was necessary, requiring large mining equipment. Operating criteria were set out, based on producing 4.2 million tons of clean coal per year. To optimize recovery, the preparation plant feed size was fixed at Yi in. x 0. The initial basic design capacity of the plant was 1,000 tph. The washing plant is composed essentially of four separate cleaning sections: a dedusting section; a multi-stage heavy media cyclone section; water cyclones; and flotation cells. Subsequent to the basic program, additional sales were made of 6.0 million long tons over the initial three-year period and the plant capacity was raised to 1,400 tph through the addition of a 400-tph coarse-coal treatment section. All wet coal products from the fine coal plant will be dried in a 70-tph (water) heat dryer. A unit-train concept of coal transportation between the mine site and the Westward Terminals at Roberts Bank has been negotiated with the Canadian Pacific Railroad. Facilities at the port will include a 4,000-tph rotary car bumper, 400,000-ton clean-coal stockpiles, and a bucket reclaiming system having a total ship-loading capacity of 6,000 tph."

Jan 1, 1969

By F. H. Samuel, H. Tahiri, S. Valtierra, H. W. Doty, A. M. Samuel

L'affinage des grains dans les alliages d'aluminium consiste à augmenter le nombre de sites de cristallisation de la phase a-Al afin d'obtenir une structure fine. Les alliages mères de type Al-Ti-B sont largement utilisés comme raffineurs des grains. Cette étude a pour but d'établir des mécanismes convenables d'affinage des grains dans l'alliage A356 en utilisant cinq alliages mères et deux températures de coulée (750°C et 950°C). Les résultats montrent que la phase a-Al prend une forme selon l'alliage mère ajoute; les échantillons coules a haute température montrent une taille de grain plus grosse; les températures de germination et de croissance augmentent avec I' augmentation du Ti ou du B et la taille des grains diminue. L'alliage mère Al-4%B montre une puissance remarquable en comparaison d'autres alliages mères. Pour cet alliage mère, le titane résiduel dans l'alliage A356 réagit avec le bore pour former TiB2 qui, par la suite, agit comme un germe actif pour la phase a-Al.

Jan 1, 2006

By T. Saksala

In this paper, the embedded discontinuity approach is applied to finite element modeling of rock fracture. A rate-dependent constitutive model based on the embedded displacement discontinuity theory is developed to describe the mode I, mode II and mixed mode fracture of rock in tension and compression. The bulk material is described as linear elastic until reaching the elastic limit. Beyond this limit, a ratedependent exponential softening law governs the evolution of the embedded displacement jump. The present approach incorporates the rock heterogeneity by random description of the mineral texture of rock. Moreover, the inherent initial microcrack populations of natural rocks are accounted for as randomly oriented embedded discontinuities. Numerical examples demonstrate the model behavior in uniaxial compression and tension. The effect of loading rate and confining pressure is tested as well in 2D numerical simulations. These simulations show that the model captures the main features of rock in confined compression and uniaxial tension. The developed method has the computational efficiency of continuum plasticity models. However, it has an important advantage of accounting for the orientation of introduced microcracks.

Jan 1, 2015

By J. Scrimgeour

"The word ""instrumentation"" has expanded from its original meaning, which in engineering perhaps referred to measuring apparatus alone. In its broadest form, it now includes sensors, display instrumentation, standard pack-aged controllers and, most recently, the use of stored program computers for on-line process control. The paper traces the evolution, in tutorial form, of the successive application of mechanization, measurement instrumentation, automatic control, central operating systems, programmed control, process computer control, direct digital control and, finally, hierarchies of computers used for process control and corporate management as a fully integrated business system. In the field of industrial minerals, the cement industry has seen the most widespread acceptance of these techniques. Computer control has been accepted as the way of life for the blending of chemical materials and for on-line control of the cement kiln. Accordingly, the cement application is selected for further presentation in the paper. This illustrates the trend progressing from control of single loops on process variables toward the objective of total control of the product quality. The economic justification for instrumentation, centralized control, automatic control and computer control is .discussed with reference to savings in fuel, maintenance, operating labour, depreciation, power and product quality improvements."

Jan 1, 1967

By R. D. Studer

"The Snow Lake massive sulphide deposits are hosted by Aphebian volcanic rocks of the Flin Flon - Snow Lake greenstone belt, which in this area were deformed and metamorphosed to the amphibolite facies during the Hudsonian orogeny. All the known deposits occur in felsic rocks a short distance below the contact with an overlying mafic rock unit.The Stall Lake copper deposit occurs close to the top of an explosive felsic volcanic sequence. Rocks stratigraphically underlying the deposit have been hydrothermally altered by the mineralizing fluids. The sulphides were probably deposited from submarine volcanic vent(s) on the flanks of a felsic dome. The ore has been tightly folded, flattened and elongated parallel to the northerly trending lineation of the surrounding rocks during the several periods of deformation. Strike lengths of the lenses range from 60 to 300 feet and plunge-to-strike ratios are as much as 15:1.Ore lenses I to 4 typically consist of massive coarse-grained pyrrhotite, chalcopyrite and pyrite. A stratigraphically higher lens differs in that it contains fine-grained pyrite and chalcopyrite, with an increase in sphalerite toward its hanging wall. The No.4 orebody has a distinct footwall alteration zone characterized by brecciation and abundant chlorite-staurolite- garnet schist, with minor kyanite, anthophyllite, cordierite and anhydrite, as well as sulphide minerals. Chemically, the alteration zone is distinguished from the unaltered felsic rocks by Na20 depletion and Mg-Fe enrichment"

Jan 1, 1982

By A. Piche, J. Nantel

"This paper describes the recent developments in Canada toward the establishment of a Canadian Centre for Mining Automation and Robotics, at McGill University and École Polytechnique in Montreal. The role of the Mining Association of Canada (MA C) and of the National Advisory Committee on Mining Automation will also be reviewed. IntroductionIn order to remain competitive, the mining industry must increase its productivity and reduce its costs. In the last two decades, this objective has been achieved through mechanization. From now on, any further improvement in productivity will be gained through increasingly more automated mining equipment.Recent international developments following the Versailles Economic Summit in June 1982, having given rise in Canada, to a renewed interest in applications of robotics and automation to mining.The mineral industry in Canada is at a crossroads. Competition in emerging from everywhere: lower grade ore bodies, increasing distances between viable mines and markets, third world massive production of certain commodities, substitution of "" space age"" materials (ceramics, plastics, composites, etc.) for metals.On the positive side, it is generally believed that present mineral commodities, i.e. base metal, gold, iron, industrial mineral s, etc ., will continue to be in high demand for centuries to come despite substitution. New applications for conventional metals will be found and the enhancement of certain properties of these conventional metals mean continued demand. For some mineral commodities, there will never exist an y substitute."

Jan 1, 1988

"Cambior currently has nearly 80 exploration properties, acting as operator on about 60 of these. The company's exploration budget has increased to over $11,100,000 for 1990. On-going efforts recently yielded a new gold discovery on the Douay- Vezza property, a joint venture project with Inco and Vior. Cambior continues to seek out new opportunities, recently acquiring an option agreement on the Sleeping Giant project in Quebec and four new exploration agreements in the United States, through its Reno office. Other nearly-concluded joint venture agreements have also given the company entries into Indonesia and Guyana.SummaryWhen it acquired SOQUEM's assets on August I, 1986, Cambior also acquired interests in 45 exploration projects. The subsequent mergers with Aiguebelle Resources and Sullivan Mines in 1987 brought the total number of exploration projects to 83, most of which are concentrated in northwestern Quebec. Cambior's strategy emphasizes gold exploration, and exploration activities were, therefore, initially limited to the Val d'Or and Rouyn-Noranda mining camps, where Cambior has a large portfolio of properties. Approximately $25.8 million has been spent on surface exploration in this area since the formation of the company, resulting in the discovery of the Mouska deposit and four sub-economic zones on the Porcupine, Forbex, Bloc Sud and Flavrian project s. In 1988, Cambior became involved in projects in the United States to which the company expects to allocate about 38070 of its 1989 exploration budget."

Jan 1, 1990

By Robert B. Parsons

"It is quite likely that more than a handful of junior exploration companies will receive some startling news from their accountants this spring when 1989s tax returns are being prepared. These companies could find that, for the first time ever, they will have to write a cheque to the federal government on account of a new federal capital tax which became effective July I, 1989IntroductionMany mining companies which have never had to pay a federal income tax are finding that they indeed have a tax liability for 1989. Non-producing companies, such as junior exploration companies, almost automatically assume that they don't have to pay any income tax. But, a new tax imposed under the Income Tax Act catches especially the company that has no income.Effective July 1, 1989, a federal capital tax (some call it a corporation minimum tax) is payable by any corporate carrying on business in Canada where the corporation has ""taxable capital"" exceeding $10 million. As a result of the popular use of flow-through shares in recent years, many junior exploration companies are finding that their balance sheets show capital stock over $10 million, and that they are consequently caught by the new tax. Further, some of these companies are finding, to their chagrin, that the tax for 1989 was due on February 28, 1990, and that non-deductible interest is ticking away on unpaid taxes."

Jan 1, 1990