AWARD – Baffinland Iron Mines Corp. May 1 reported that it won the Murray Pyke Award at the 2014 Nunavut Mining Symposium’s Gala Dinner in Iqaluit, Nunavut. The annual award, this year accepted by Baffinland President and CEO Tom Paddon, recognizes the contribution of a mining, exploration, or related company to the economic and social development of a community, region or the territory of Nunavut in general. As well as manning a booth at the trade show on day 2, an event which included a well-attended free access afternoon for the general public, a few members of the Baffinland team gave presentations at the symposium. “The Mary River Project has the ability to greatly contribute to the development of infrastructure, skills training, and employment and business opportunities for the people of Nunavut,” said Paddon. “The success of the project, however, relies on the cooperation of all stakeholders, working together to achieve mutual benefits from the ground up,” he added. Upon presenting the award, Bernie MacIsaac, co-chair of the Nunavut Mining Symposium Society said: “Baffinland has been a solid player on Nunavut’s mining scene for many years. The recent signing of the IIBA agreement with QIA certainly shows they have made the grade, and we are looking forward to hearing more good news out of them.” MacIsaac also told the audience that the awards committee, when reviewing the nominations it received in this category, had identified one resounding theme: “This is Baffinland’s year.” Murray William Pyke was a founder, executive and director of Comaplex Resources and Bonterra Energy, both of Calgary. A prominent figure in minerals and petroleum exploration in Canada, Murray spent many summers in the bush, mapping the Canadian Precambrian Shield in northern Saskatchewan, the Northwest Territories and Nunavut. This work reflected his love of the outdoors, satisfied his scientific intellect and nurtured a deep respect for the indigenous peoples of Canada whom he worked and lived with during those years.

GOLD/MANAGEMENT – Pacific Cascade Minerals Inc. April 30 said it has signed an agreement with 2406031 Ontario Ltd. to purchase the Turner Lake project in near Bathurst Inlet, Nunavut. The property consists of three claims – Jam 1, Jam 2 and Jam 3 – covering 2,762 hectares (6,825 acres) some 560 kilometers (350 miles) northeast of Yellowknife, Northwest Territories. Under the terms of the agreement Pacific Cascade is to purchase a 100 percent right title and interest in the property in exchange for 1 million Pacific Cascade Minerals shares to be delivered to the vendor within 10 days of successful transfer of the claims title. There is a 1 percent net smelter return reserved by the original property owners on all three claims and a further 1 percent NSR on Jam 1 with buyouts in place for all of the NSRs. The property contains three known Archean mineral occurrences – Main and East gold zones and Nickel Knob. The Main zone trends for approximately 500 meters and occurs along an Archean aged rift off a larger regional structure. Para-conglomerates occur on the down drop side of the rift that was later intruded by an Archean age intermediate intrusive. Gold mineralization at Main is situated along an iron-magnesium tholiietic contact with the majority of the gold hosted in a fractured, iron-rich metasediment containing quartz veining. Gauge minerals include arsenopyrite and minor pyrrhotite with visible commonly observed in the quartz veins. Indications of elevated silver and bismuth concentrations also present. The Main gold zone was first discovered in the 1960s and has been the focus of most exploration work. During the late 1980s, Chevron Minerals Ltd. and Silver Hart Mines Ltd. undertook systematic diamond drilling and surface sampling of this zone. Highlights of their 18 hole, diamond drilling program of the Main Gold Zone include: 28.00 grams per metric ton gold over 4.75 meters; 12.86 g/t gold over 8.87 meters; 4.08 g/t gold over 15.27 meters; 15.2 g/t gold over four meters; and 10 g/t gold over five meters. A 21-hole diamond drill program was carried out by Northrock Resources Inc. in 2008 outlined gold mineralization at the Main gold showing and discovered massive sulfide mineralization at the Nickel Knob showing. Nickel Knob drilling discovered that the gossanous showing with up to 5-15 percent sulfides is the upper portion of a polymetallic massive sulfide zone. The zone is hosted in volcanoclastics with an altered ultramafic unit along the footwall of one drill section. Nickel was drill tested along a 50-meter inferred strike length and to a depth of 70 meters and remains open. Core lengths are estimated to range between 55-80 percent of true width as the zone is interpreted to have a near vertical dip. Pacific Cascade reports that 1,181.7 meters of diamond drilling carried out in 2009 confirmed the Main gold zone has good continuity along strike and down-dip and significant gold mineralization occurs within a brecciated, meta-greywacke enclosed within ultramafic volcanics. Visible gold was noted in eight of the nine holes completed in 2009.

Additionally, Pacific Cascade said Stephen Millen has stepped down from the board of directors to pursue other business activities. Sean Orr has agreed to sit as an independent director of the company. Orr is proprietor of Janic Construction and a long time shareholder of the Pacific Cascade. Marc Tran resigned the position of chief financial officer in January to pursue other business activities. Oliver Foeste has agreed to take the position of CFO. Foeste is a chartered accountant with more than 10 years of experience in financial reporting, corporate governance, and corporate restructuring. He is the managing partner of Invictus Accounting Group LLP, a Vancouver, B.C-based accounting, tax and advisory firm which specializes in financial reporting and internal control solutions for publicly listed issuers as well as assurance and tax services for privately held clients. Since November 2010, Foeste has been a director and audit committee member of Inca One Resources Corp., a Peruvian-focused exploration company with toll-milling operations.