| Area
| Proponent(s) | Details |
| | |
| Baie
Verte Peninsula | Ming Minerals Inc. | Production
began late 1995. Employment expected to average 100 during 1996. |
| Baie Verte Peninsula | Raymo Processing Ltd.,
a subsidiary of Electra Mining Consolidated | Processing
system completed; production from the Rambler tailings expected to start early
in 1996. Employment expected to average 13 during 1996. |
| Baie Verte Peninsula | Richmont Mines Inc. | Bulk samples at Nugget Pond completed, reserves estimated at
394,375 tonnes grading 12.22 grams of gold per tonne. Positive production
decision expected soon. Employment could average about 80 workers. |
| Baie Verte Peninsula | Electra Mining
Consolidated, New Island Minerals and Novagold Resources | The
partners are targeting a 30,000 tonne bulk sample from the Pine Cove deposit to
be processed at facilities operated by Raymo Processing Ltd. Past drilling
indicates reserves of 2,604,856 tonnes grading 2.79 grams of gold per tonne.
Production could begin mid-1997. |
| Springdale Area |
Major General Resources | The Company has
identified five major mineralization zones. Reserves on two properties are
464,104 tonnes grading 17.48 grams of gold per tonne. A 2,000 tonne underground
bulk sample is planned for 1996. |
| Central
Newfoundland | Roycefield Resources Ltd. |
Underground bulk sample at Beaver Brook completed. Reserves stand at 1.2 million
tonnes grading 4.68 percent antimony. Decision to construct a mill expected
soon; production could begin late 1996. Employment could exceed 100 workers. |
| Burin Peninsula
| Burin Minerals Ltd. | Feasibility
study completed. Results are positive, Company pursuing financing. An 11 month
pre-production development at one mine site could delay full production at the
St. Lawrence mine until 1997. |
| Bonavista
Peninsula | Power Slate Inc. | The
Company is in the process of developing a quarry. A 3,000 square foot production
facility has been constructed and the Company is expected to enter into
production this year. |
| Long Harbour Area | Newfoundland Slate Inc. |
The Company has successfully operated a slate quarrying and processing operation
in Trinity Bay for several years. It plans to do further development work at its
Long Harbour, Placentia Bay deposit in 1996. A production decision is expected
soon. |