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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: LoneClone who wrote (39051)	4/28/2007 8:55:43 PM
From: E. Charters	Read Replies (1) of 78413

Magnesium Rock Usage, Timmins area. mndm.gov.on.ca northernontariobusiness.com rncan.gc.ca In Canada, as in the rest of the world, there has been continued interest in the production of magnesium metal from magnesite and dolomite deposits, and from previously mined asbestos deposits. The Canadian projects include: Globex Mining Enterprises Inc.’s magnesite-talc project at Timmins, Ontario; Leader Mining International Inc.’s project near Hope, British Columbia; Gossan Resources Limited at Inwood, Manitoba; Cassiar Resources Inc. at Cassiar, British Columbia; Canadian Magnesium Corporation at Baie Verte, Newfoundland and Labrador; and an asbestos-based project at Thetford Mines, Quebec. At year-end, Globex was reviewing the results in anticipation of conducting the recommended full bankable feasibility study with an expected cost of US$12 million for a mine-mill complex located near Timmins, Ontario, and a smelter complex located west of Rouyn-Noranda in Quebec. Further details are available on the Internet at globexmining.com.

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