The Northern Miner Podcast

Matt's packing his bags and off to London for our inaugural Canadian Mining Symposium on May 9, but not before digging into the mining news/issues of the day and paying a visit to the Geological Survey of Canada’s (GSC) offices in downtown Vancouver with Lesley to celebrate Canada’s oldest scientific agency during its 175th anniversary. The GSC is part of the Earth Sciences Sector of Natural Resources Canada, and was founded in 1842 to help develop Canadian resources by establishing “the general geological base on which the industry could plan detailed investigations.” Lesley sits down with Research Scientist John Chapman to discuss GSC project work in B.C. and the Yukon! Topics include Western Copper & Gold's (TSX:) Casino deposit and Rockhaven Resources (TSX:) Klaza discovery! Meanwhile, Matt covers reports of potential further copper supply disruption stories, and keeps his eyes on the real-time results from France's general election! We also dig into some of the subjects, questions and issues our fantastic panelists and speakers will tackle at the Mining Symposium. Timeline: Macro economic roundup: 2:30 The Geology Corner ft. GSC's John Chapman: 8:00 Canadian Symposium discussion: 16:09 Articles referenced: Robert Friedland, Lukas Lundin to be featured speakers at TNM’s Canadian Mining Symposium in London: www.northernminer.com/stock-markets-…on/1003784168/ Camino CEO on possible IOCG discovery at Los Chapitos: http://www.northernminer.com/news/camino-ceo-potential-iocg-discovery-los-chapitos/1003786015/ Early earth too hot for plate tectonics, study says: www.northernminer.com/news/early-ear…ys/1003785959/ TNM Data Miner: Annual trends in global drilling activity: www.northernminer.com/news/tnm-data-…ty/1003785883/ TNM Roundtable: Pros and cons of the farm team: www.northernminer.com/news/tnm-round…am/1003785822/ Yukon catches more majors’ eyes: www.northernminer.com/news/far-north…rs/1003785761/ Music Credits: "Energy Recorded" by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 "Isolated" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

We're back with a rock-solid episode featuring detailed updates on the wide world of international mining. Lesley sits down with Dr. Nicholas Gardiner, a research fellow at Western Australia's Curtin University, about a recent paper about the evolution of earth's first crust. Meanwhile, Matt digs into Australia-based South 32's (ASX: S32) in Arizona Mining (TSX: AZ; US-OTC: WLDVF) and its Taylor zinc-lead deposit, and an intriguing looking drill hole from Camino Minerals (TSXV: COR; US-OTC: CAMZF) at its Los Chapitos iron oxide copper gold (IOCG) prospect in southern Peru. Bonus: Are uranium prices set to rebound based on supply cuts? And Capstone Mining (TSX: CS; US-OTC: CSFFF) announces a three-year extension at its Minto copper operation in the Yukon! Timeline: Macro economic roundup: 1:50 Copper and the base metals complex: 2:55 Arizona Mining & South32: 3:31 Update on U.S. DOE uranium policy: 4:13 Geology Corner ft. Dr. Nicholas Gardiner: 6:37 Camino Minerals results at Los Chapitos: 19:19 Capstone's announcement at Minto: 24:15 Articles referenced: Early earth too hot for plate tectonics, study says: http://www.northernminer.com/news/early-earth-hot-plate-tectonics-study-says/1003785959/ TNM Data Miner: Annual trends in global drilling activity: http://www.northernminer.com/news/tnm-data-miner-annual-trends-global-drilling-activity/1003785883/ TNM Roundtable: Pros and cons of the farm team: http://www.northernminer.com/news/tnm-roundtable-pros-cons-%e2%80%a8of-farm-team/1003785822/ Yukon catches more majors’ eyes: http://www.northernminer.com/news/far-north-attracts-investment-majors/1003785761/ Robert Friedland, Lukas Lundin to be featured speakers at TNM’s Canadian Mining Symposium in London: www.northernminer.com/stock-markets-…on/1003784168/ Music Credits: "Energy Recorded" by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 "Too Cool" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

This week we continue our copper theme with a well-time "porphyry primer" on the Geology Corner. Lesley discusses the history of porphyry geological models and discovery. We also dig into block-cave mining, and what challenges, and associated new technologies, might lay ahead for copper miners and explorers. Meanwhile, Matt drills into an announcement by Vector Index Solutions (MVIS) surrounding "significant methodology change to the MVIS Global Junior Gold Miners Index (MVGDXJ)." We cover a few analysts notes on the topic, and look into the proposed changes. Matt also sits down with president and CEO of Atac Resources (TSXV: ATC; US-OTC: ATADF), Graham Downs, to talk about the company's recent option agreement with major Barrick Gold (TSX: ABX; NYSE: ABX) on its expansive Rackla gold project in the Yukon territory. The transactions consist of a potential total investment by Barrick of approximately $63.3 million, which includes a private placement of $8.3 million and a two staged, $55 million exploration earn-in option to acquire up to 70% of the Orion Project. Timeline: Macro economic roundup: 1:40 GMP copper and zinc analysis: 2:45 Geology Corner ft. copper porphyrys: 5:20 Changes to the MVIS Global Junior Gold Miners Index: 17:51 Atac Resources CEO Graham Downs on Barrick deal: 20:51 TNM Canadian Mining Syposium update: 28:55 Articles referenced: Facts ‘n’ Figures: World copper mine production soars 5% in 2016, ICSG finds: www.northernminer.com/commodities-ma…ds/1003785422/ AllianceBernstein: More investment in copper needed: www.northernminer.com/news/investmen…ys/1003785134/ Site visit: Atac builds critical mass at Rackla in Yukon: www.northernminer.com/news/site-visi…on/1003778731/ PDAC 2017: Copper, zinc looking good for 2017: www.northernminer.com/commodities-ma…17/1003784440/ Robert Friedland, Lukas Lundin to be featured speakers at TNM’s Canadian Mining Symposium in London: www.northernminer.com/stock-markets-…on/1003784168/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

We're going interstellar this week on the Geology Corner. Lesley digs into banded iron formations (also known as BIFs), which are distinctive units of sedimentary rock. We talk oxygen, snowball Earth, and asteriods! Meanwhile, Matt discusses the 16th annual World Copper Conference in Santiago Chile and the near to midterm red metal outlook. We review a few analysts reports from the event and drill down into India as the emerging industrial metals market, the copper cycle, supply disruptions, and more! Matt also sits down with Arizona Mining’s (TSX:AZ) president and CEO Jim Gowans to talk the Taylor zinc-lead-silver deposit, 80 km southeast of Tucson, Ariz. The company released a preliminary economic assessment (PEA) on the deposit in early April, and we cover metallurgy and mining methods. Bonus: Matt briefly touches on the Atac Resources (TSXV: ATC; US-OTC: ATADF) and Barrick Gold (TSX: ABX; NYSE: ABX) deal in the Yukon! Timeline: Macro economic roundup: 0:30 Copper round-up and analysis: 1:45 Geology Corner ft. BIFs: 7:44 Arizona Mining CEO Jim Gowans: 24:35 Atac/Barrick agreement in the Yukon: 10:56 Articles referenced: Facts ‘n’ Figures: World copper mine production soars 5% in 2016, ICSG finds: http://www.northernminer.com/commodities-markets/facts-n-figures-world-copper-mine-production-soars-5-2016-icsg-finds/1003785422/ AllianceBernstein: More investment in copper needed: www.northernminer.com/news/investmen…ys/1003785134/ Site visit: Atac builds critical mass at Rackla in Yukon: http://www.northernminer.com/news/site-visit-atac-builds-critical-mass-%e2%80%a8at-rackla-yukon/1003778731/ Arizona Mining confirms size potential at Taylor: http://www.northernminer.com/news/arizona-mining-confirms-size-potential-taylor/1003777643/ PDAC 2017: Copper, zinc looking good for 2017: www.northernminer.com/commodities-ma…17/1003784440/ Robert Friedland, Lukas Lundin to be featured speakers at TNM’s Canadian Mining Symposium in London: www.northernminer.com/stock-markets-…on/1003784168/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

Matt is flying solo this week due to scheduling conflicts, but fear not, Lesley will return with rock talk about the Geology Corner next episode. Meanwhile, we get serious about base metals with a round-up of analyst and industry commentary on the two major players to start 2017: copper and zinc. Matt digs into major copper supply disruptions at BHP Billiton's (NYSE: BHP; LON: BLT) Escondida mega mine in Chile, Freeport-McMoRan (NYSE: FCX) Grabserg operation in Indonesia and Cerro Verde mine in Peru, and breaking news that Grupo Mexico's Southern Copper (NYSE: SCCO) may be preparing for labor disputes at its Toquepala and Cuajone mines in southern Peru. We also talk economics at HudBay Minerals' (TSX: HBM; NYSE: HBM) Rosemont copper project in Arizona. We hear from AuRico Metals' (TSX: AMI; US-OTC: ARCTF) president and CEO Chris Richter on what he's hearing in terms of copper markets and the company's Kemess copper-gold project in northern B.C. On the zinc side, Matt digs into falling Treatment Charges (TC) and Refining Charges (RC), and what the tea leaves are saying about the industrial metal. We review some analysts notes on zinc, and talk to Trevali Mining (TSX: TV) president and CEO Dr. Mark Cruise about near-term supply concerns. Timeline: Macro economic roundup: 1:20 Copper round-up and analysis: 3:30 HudBay Minerals' Rosemont copper project: 6:18 AuRico CEO Chris Richter talks copper: 9:25 Zinc round-up and analysis: 10:56 Trevali CEO Dr. Mark Cruise talks zinc: 16:45 TNM/PwC round table on capital allocation: 22:04 Articles referenced: AllianceBernstein: More investment in copper needed: http://www.northernminer.com/news/investment-copper-needed-alliancebernstein-analyst-says/1003785134/ AuRico CEO Richter on Kemess permits, royalty strategy: http://www.northernminer.com/news/aurico-ceo-permitting-kemess-royalty-strategy/1003784598/ Trevali CEO discusses Glencore deal, zinc markets: www.northernminer.com/news/trevali-c…ts/1003784876/ PDAC 2017: Copper, zinc looking good for 2017: www.northernminer.com/commodities-ma…17/1003784440/ Robert Friedland, Lukas Lundin to be featured speakers at TNM’s Canadian Mining Symposium in London: www.northernminer.com/stock-markets-…on/1003784168/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0

This week we explore Canada following Lesley's country-wide review of geological camps. We dig into emerging exploration techniques and jursidictions, while Lesley talks about some of the insights she's picked up along the way, and what emerging Canadian geological stories have caught her interest. We discuss Barkerville Gold Mines' (TSXV: BGM) exploration efforts in British Columbia, Osisko Mining’s (TSX: OSK) aggressive drilling at its Windfall Lake project 200 km northeast of Val-d'Or, Quebec, and discovery upside in the Yukon, Northwest Territories, and Nunavut. Meanwhile, Matt sits down with Trevali Mining (TSX: TV) president and CEO, Dr. Mark Cruise, to chat about the company's transformational, $400-million deal with super major Glencore (LON: GLEN). We cover the growing partnership between the two companies, Cruise's thoughts on operating in Africa, and the state of zinc markets. Timeline: Show summary: 0:30 Macro economic roundup: 2:50 Geology Corner - Canadian roundup edition: 5:37 Trevali CEO Dr. Mark Cruise on Glencore deal: 27:45 Update on TNM's Canadian Mining Symposium on May 9: 35:25 Articles referenced: Trevali CEO discusses Glencore deal, zinc markets: http://www.northernminer.com/news/trevali-ceo-discusses-glencore-deal-zinc-markets/1003784876/ Osisko takes stake in Barkerville: http://www.northernminer.com/news/osisko-mining-takes-stake-barkerville/1003776375/ When the east pushed back: The geology and metal districts of BC and Yukon: http://www.northernminer.com/news/east-pushed-back-geology-metal-districts-western-canada/1003782382/ The geology behind Quebec’s world-class metal districts: http://www.northernminer.com/news/geology-behind-quebecs-world-class-metal-districts/1003777813/ PDAC 2017: Copper, zinc looking good for 2017: http://www.northernminer.com/commodities-markets/pdac-2017-copper-zinc-looking-good-2017/1003784440/ Robert Friedland, Lukas Lundin to be featured speakers at TNM’s Canadian Mining Symposium in London: www.northernminer.com/stock-markets-…on/1003784168/ Osisko calls Windfall a ‘company maker’: http://www.northernminer.com/people-in-mining/osisko-mining-says-windfall-project-quebec-will-company-maker/1003777728/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

Happy one-year anniversary to the Northern Miner podcast! Matt and Lesley sit down for episode #52 with a special guest for the Geology Corner. We're joined by Craig Hart, director of the University of British Columbia's (UBC) Mineral Deposit Research Unit (MDRU), to talk about the new 2-year, industry and government-funded Yukon-Alaska Metallogeny project. The project responds to the needs of gold and copper exploration companies in the Yukon-Alaska Cordillera, a region widely recognized for its mineral potential, but where geoscientific data is either absent, of poor or outdated quality, or requiring synthesis and interpretation. We dig into Goldcorp's (TSX: G; NYSE: GG) Coffee gold deposit and the White Gold district, as well as transitioning geological knowledge from the Yukon to Alaska. Meanwhile, Matt sits down with the CEO of Leagold Mining (TSXV: LMC; US-OTC: HTXFD), Neil Woodyer, to talk about the company's pending deal with Goldcorp for the Los Filos mine in Mexico! Bonus: An update on the Northern Miner's Canadian Mining Symposium event in London, England, on May 9th! Timeline: Show summary: 0:30 Macro economic roundup: 4:08 Geology Corner ft. Craig Hart of UBC's MDRU: 6:25 Neil Woodyer of Leagold Mining: 22:03 Update on TNM's Canadian Mining Symposium on May 9: 27:13 Articles referenced: Robert Friedland, Lukas Lundin to be featured speakers at TNM’s Canadian Mining Symposium in London: www.northernminer.com/stock-markets-…on/1003784168/ Leagold management talks strategy at Los Filos: http://www.northernminer.com/news/leagold-management-talks-strategy-los-filos/1003784456/ TNM Video: Interview with Goldcorp executive VP Brent Bergeron at Coffee: http://www.northernminer.com/news/tnm-video-interview-goldcorp-executive-vice-president-brent-bergeron/1003778137/ Site visit: Goldcorp VP Bergeron talks future of Coffee project: http://www.northernminer.com/news/goldcorp-vp-bergeron-talks-plans-coffee-project/1003775741/ Goldcorp drops $35M into Auryn: www.northernminer.com/news/goldcorp-…es/1003782347/ Exclusive interview: Lukas Lundin on the state of the mining industry: www.northernminer.com/news/exclusive…ry/1003783932/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

Matt and Lesley sit down over coffee to discuss the geology of the Northwest Territories and Nunavut! We dig into northern exploration plays, including: Nighthawk Gold’s (TSXV: NHK; US-OTC: MIMZF) Colomac deposit; Auryn Resources' (TSXV: AUG) Committee Bay project; Peregrine Diamonds (TSX: PGD) Chidliak project on Baffin Island; Agnico Eagle Mines' (TSX: AEM; NYSE: AEM) recent Amaruq discovery near its Meadowbank gold mine; and Sabina Gold and Silver’s (TSX: SBB; US-OTC: SGSVF) Back River gold property. Lesley explains what she's uncovered during her foray into northern Canadian geology, and breaks down the science behind greenstone gold belts and kimerlite pipes. Meanwhile, Matt rounds up some global issues, including the impending U.S. interest rate hike, China's economic health, and ongoing labour disputes at major copper operations! Bonus: Major announcements surrounding the Northern Miner's Canadian Mining Symposium event in London, England, on May 9th! Timeline: Macro economic and show round-up: 0:30 Geology Corner - N.W.T. and Nunavut edition: 7:49 Info on the TNM Canadian Mining Symposium: 29:15 Articles referenced: Robert Friedland, Lukas Lundin to be featured speakers at TNM’s Canadian Mining Symposium in London: www.northernminer.com/stock-markets-…on/1003784168/ Agnico Eagle adds gold ounces at Amaruq: http://www.northernminer.com/news/agnico-boosts-amaruq-gold-resources-eyes-2019-production/1003777580/ Kinross investment in Nighthawk Gold points to Colomac’s potential: http://www.northernminer.com/news/kinross-investment-nighthawk-points-colomacs-potential/1003782537/ Sabina suffers permit setback at Back River: http://www.northernminer.com/news/sabina-suffers-surprising-permit-setback-back-river/1003774290/ Goldcorp drops $35M into Auryn: http://www.northernminer.com/news/goldcorp-makes-strategic-investment-auryn-resources/1003782347/ Peregrine Diamonds on cusp of PEA: http://www.northernminer.com/news/peregrine-diamonds-on-cusp-of-chidliak-pea/1003772225/ Exclusive interview: Lukas Lundin on the state of the mining industry: www.northernminer.com/news/exclusive…ry/1003783932/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

Happy #PDAC2017 week! Matt and Lesley are back with a great edition of the Geology Corner wherein we discuss some outlandish mining deals from cycles past, including: finding gold in the Ottawa River, sifting through sewage, and interstellar adventures! Discussion also includes advice for navigating the PDAC conference, and recent moves in copper and gold that appear to be underpinned by socio-economic announcements out of the U.S. and China. Meanwhile, Matt sits down with Otis Gold (TSXV: OOO; US-OTC: OGLDF) president Craig Lindsay to chat about the Kilgore gold deposit in Idaho, where the company is looking at releasing a maiden preliminary economic assessment (PEA) on a proposed heap-leach operation in the next twelve months. We talk about recent drill success and the discovery of the Aspen corridor, as well as a subsequent $5-million strategic investment from Agnico Eagle Mines (TSX: AEM; NYSE: AEM). Matt also details the exciting announcement of The Northern Miner's Canadian Mining Symposium in London on May 9, 2017. The Symposium will take place at Canada House on Trafalgar Square in the lead up to Canada celebrating its 150th anniversary of Confederation. Speakers include Robert Friedland and Lukas Lundin. More details: http://www.northernminer.com/stock-markets-investing/robert-freidland-lukas-lundin-featured-speakers-tnms-canadian-mining-symposium-london/1003784168/ Timeline: PDAC orientation (visit The Northern Miner at Booth #3318): 0:10 Macro economic and show round-up: 3:14 Geology Corner - Absurd mining deals edition: 5:38 President Craig Lindsay of Otis Gold: 25:06 Info on the TNM Canadian Mining Symposium: 30:37 Articles referenced: Robert Friedland, Lukas Lundin to be featured speakers at TNM’s Canadian Mining Symposium in London: http://www.northernminer.com/stock-markets-investing/robert-freidland-lukas-lundin-featured-speakers-tnms-canadian-mining-symposium-london/1003784168/ Otis Gold president on discovery at Kilgore, Agnico investment: http://www.northernminer.com/news/otis-gold-president-talks-discovery-kilgore-agnico-investment/1003784196/ Space mining ready for lift off: http://www.northernminer.com/news/space-mining-ready-for-lift-off/1003768636/ PDAC’s Glenn Mullan looks back on four decades in the business: www.northernminer.com/news/pdacs-gle…ss/1003783804/ Exclusive interview: Lukas Lundin on the state of the mining industry: http://www.northernminer.com/news/exclusive-interview-lukas-lundin-talks-state-mining-industry/1003783932/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

Matt and Lesley follow-up on their conversation about 43-101 technical economic reports with a Geology Corner on prospecting, early-stage exploration, and target generation! The discussion includes how to interpret press releases and data from exploration-stage companies and what Lesley looks for in terms of best practices when it comes to identifying drill targets. We dig into basic geochemistry and geophysics, and have a chat about new seismic technologies. Lesley explains why she likes the exploration model behind SolGold’s (LON-AIM: SOLG; US-OTC: SLGGF) discoveries in Ecuador. Meanwhile, Matt runs a brief clip from a long-form interview he recently had with Lukas Lundin! Timeline: Macro economic and show round-up: 0:54 Geology Corner - Target generation edition: 6:53 Lukas Lundin preview clip: 28:45 Articles referenced: Exclusive interview: Lukas Lundin on the state of the mining industry: http://www.northernminer.com/news/exclusive-interview-lukas-lundin-talks-state-mining-industry/1003783932/ Roundup 2017: SolGold adds weight to Cascabel in Ecuador: http://www.northernminer.com/news/roundup-2017-solgold-adds-weight-cascabel-ecuador/1003783791/ Interview: Northern Dynasty CEO Thiessen responds to short seller’s report on Pebble: http://www.northernminer.com/news/interview-northern-dynasty-ceo-thiessen-responds-short-sellers-report-pebble/1003783820/ PDAC’s Glenn Mullan looks back on four decades in the business: http://www.northernminer.com/news/pdacs-glenn-mullan-looks-back-four-decades-business/1003783804/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/