The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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In exploring for gold in the central Kivalliq region of Nunavut this field season, North Country Gold Corp. has found evidence of emerald in drill core at the Anuri prospect on its 300-kilometer- (186 miles) long Committee Bay Greenstone Belt Property. The junior's Nunavut land package at Committee Bay consists of 222,623 hectares (550,101 acres) and has identified five distinct mineral development centers, including the Anuri-Raven prospect and the Three Bluffs gold deposit where the company has focused exploration in...
For a junior who lost a substantial funding partner, BHP Billiton Canada Inc., at the onset of the recent downturn in the financial markets, Peregrine Diamonds Ltd. hardly broke stride in exploration momentum in 2012. The aggressive explorer not only forged ahead with a substantial program at its highly prospective Chidliak diamond project on Baffin Island in Nunavut, it also made significant progress in identifying new kimberlites at its Lac De Gras projects in Northwest Territories. Further icing its cake, Peregrine success...
For the dozens of companies that rushed to stake claims in the Nechako Plateau of central British Columbia three years ago, the area now known as the Blackwater Gold District is shaping up to be a better-than-average bet. But a series of bold acquisitions by New Gold Inc. in 2011 has placed the mid-tier gold producer solidly in the driver's seat in one of Canada's largest modern gold exploration plays. Located about 160 kilometers (99 miles) south-west of Prince George in central British Columbia, the Blackwater Project area...
Location, location, location," the old adage goes, summing up the opportunities and challenges faced by the real estate industry. Well, "infrastructure, infrastructure, infrastructure," can offer the same insights into the problems of modern mining in remote jurisdictions like Yukon Territory. The relative scarcity of roads, bridges, airports, power and other infrastructure in the Yukon is critical to the outlook for mining, and in many cases, the presence or lack of these important components can spell the difference between...
Haines Borough Manager Mark Earnest is a man on a mission, getting the word out to mining companies in Yukon Territory that the deep-water port in his sleepy Alaska community of 1,811 souls could well be the answer to their prayers. Unlike the Port of Skagway, its increasingly busy neighbor to the northeast, the Port of Haines is virtually devoid of congestion. The port attracts only one cruise-ship a week along with daily ferry service in summer, has very little road traffic thanks to a designated truck route that bypasses...
Capstone Mining Co., Alexco Resource Corp. and Yukon Zinc Corp. have crossed the Rubicon. Unlike other mining companies in Yukon Territory who continue to grapple with the complexities and uncertainties of exploration and development, the operators of the Minto, Bellekeno and Wolverine mines are working to master a new set of challenges - optimizing their mining and milling processes. Going gangbusters at Minto It will be five years in October since Sherwood Copper Corp. (Capstone Mining Corp.'s predecessor) commenced... Full story
FARO - Legendary mineral explorer W. Douglas "Doug" Eaton hurried forward to greet the group of visitors clambering out of the MD900 helicopter as its whirring blades whipped miniature cyclones of dust in the air. Eaton - unlike many of the geologists, engineers and mining executives the group would meet during a weeklong tour of mine sites, exploration camps and conferences around Yukon Territory - grinned from ear to ear. The early part of the territory-wide mining tour also would include visits to the Einarson Project...
DAWSON, Yukon - The 3rd Annual Dawson Rocks conference, an annual exposition for active mineral exploration projects in Yukon Territory, offered a sobering reminder of the power of the markets in the world of mining. Absent were the scores of juniors that packed much larger exhibition halls in 2010 and 2011 with enticing displays of samples, maps and drill core. This year a dozen exhibitors, ranging from part-time, grassroots prospectors to representatives of advanced exploration projects like Kaminak Gold Corp.'s Coffee...
Baffinland Iron Mines Corp. is making considerable progress this summer in its ambitious quest to commence commercial production at the Mary River iron mine project in Nunavut. The company wants to develop an open pit mine on the Mary River property located on North Baffin Island in the Qikiqtani region of Nunavut and recently has been addressing questions regarding the mine's construction, operation, closure and reclamation. Mary River is one of the largest and richest undeveloped iron ore projects in the world, containing...
Two of the projects credited with touching off the recent gold rush to Yukon Territory reported results from their 2012 programs in July that suggest they could deliver on all that their early results promised. While new entrants have slowed to a trickle and other early players retire from the scene, at least until the anemic capital markets regain their vigor, Atac Resources Ltd. and Kaminak Gold Corp. and a handful of other juniors are quietly churning out impressive assay results in robust multimillion-dollar drill...
Copper North Mining Corp. July 20 reported that its application for a five-year Type 'A' land use permit, submitted in support of its 2012 exploration program at the Redstone Property in Northwest Territories has been approved by the Mackenzie Valley Land and Water Board. A LUP has been granted to Redbed Resources Corp., a wholly owned subsidiary of Copper North. The LUP will enable the company to conduct exploration activities on the Redstone property for a period of five years from the date of grant. The Redstone Property...
For more than 30 years, devolution - the authority to manage one's own public lands and natural resources - has been a goal of the Government of Northwest Territories. With a final devolution agreement currently being negotiated with Canada's federal government, the northern territory is now laying the groundwork for effectively managing its land and natural resources once the devolution process is complete. Northwest Territories, which is slightly larger than the Province of Ontario, covers 1.183 million square kilometers (4...
As the scope and tenor of a long-predicted shortfall in zinc supply begins to take shape, proponents of advanced mine projects in northern Canada with substantial deposits of zinc, along with lead, copper and/or other metals, are busy refining development strategies aimed at achieving production by the end of the decade. Near the front of the line are Tamerlane Ventures Inc., which is advancing the Pine Point Project in Northwest Territories, and Selwyn-Chihong Mining Ltd., which is working to develop the giant Selwyn...
With its flagship Renard project firmly on track to becoming Québec's first diamond mine, Stornoway Diamond Corp. recently demonstrated that it is also making progress in advancing its diamond exploration projects in Nunavut. In an NI 43-101 technical report recently filed on SEDAR, the explorer reported the first mineral resource estimate for the Q1-4 kimberlite pipe located at the explorer's Qilalugaq project in Nunavut. The Qilalugaq project includes the Qilalugaq kimberlite pipes and the Naujaat system of kimberlite dikes...
For the past 18 months, Golden Predator Corp. has been working fast and furiously to get a handle on the gold resource it has steadily uncovered at its flagship Brewery Creek Project located about 55 kilometers (34 miles) east of Dawson City in central Yukon Territory. On Dec. 1, the aggressive junior reported that it was working toward a near-term production decision even as increasingly impressive 2011 drill results continued to surface. Six months later, Golden Predator Chairman and CEO William M. Sheriff, M.Sc., is busy...
Shear Diamonds Ltd. is advancing a plan to return the Jericho Diamond Mine located in the Kitikmeot region of Nunavut to full production as early as 2014. The junior reported May 1 that it has begun processing high-grade concentrate stockpiles at the Jericho Diamond Mine located in the Kitikmeot region of Nunavut. A total of about 3,500 carats had been recovered from 358 metric tons of the recovery reject stockpiles after the first 10 full days of processing. These diamonds and all future production from Jericho, other than...
Taking as its theme, "Building a Resourceful Future," the 15th annual Nunavut Mining Symposium held April 16-19, 2012 in Iqaluit, Nunavut, featured several presentations that examined the challenges facing mining and the importance of regulatory reform to the industry's future in Canada's northern territories. Pierre Gratton, president and CEO of the Mining Association of Canada, led the discussion by citing mining's significant contributions to the North, which include 30,000+ person years of stable, high-wage employment,... Full story
The Nunavut Mining Symposium, held April 16-19 in Iqaluit, NU, the northern territory's capital, drew more than 500 delegates, a record for the annual gathering. Patricia M. Mohr, vice president of Scotiabank, delivered the keynote address, outlining the financial institution's 2012-13 outlook for metal prices, currencies and global growth. Mohr, a commodity market specialist at the Toronto-based international bank, said price increases in the bank's widely respected Metal & Mineral Index at 11.1 percent per annum during the...
When geologists talk about the exciting gold deposits recently discovered in Canada's Yukon Territory, they use terms like "structurally controlled, intrusion-related" and "Carlin-style." Attentive laymen soon catch on, recognizing that "structural" often characterizes the non-glaciated hydrothermal deposits found in the White Gold district of west-central Yukon and "intrusive" commonly refers to impressive finds in mountainous central Yukon, while some discoveries to the east have been labeled "Carlin-style" because of...
David Mate, chief geologist for the Canada Nunavut Geoscience Office, is part of a team of scientists venturing this field season into relatively unknown territory. Mate refers to the Hall Peninsula where he will be working this summer as "white space" on modern geological maps. "This is very exciting for a geologist. It's also interesting because it's in my backyard," Mate told Mining News April 22. Nunavut is Canada's northernmost and least-explored territory. About 1 ½ times the size of Alaska it is generally regarded as...
Prospects for developing the New Polaris gold mine project located in northwestern British Columbia near the Alaska border are looking better and better. Though it last worked on the property in 2007, owner Canarc Resource Corp. is refocusing its efforts on bringing the advanced-stage project into production. Cheered by higher gold prices, the Vancouver-based junior is reviewing several new expressions of interest in the project from mining companies seeking an option or joint venture agreement. "This is the first time that... Full story
As Northern Freegold Resources Ltd. heads into a fifth season of exploration on the Freegold Mountain Project in central Yukon Territory, a picture is slowly emerging of yet another large natural repository of precious and base metals in the prolific Tintina Gold Belt. Not only does the district-scale property loom above still-producing placer gold creeks in the heart of a proven gold and copper mining belt in central Yukon, its sprawling 198 square kilometers (75 square miles) lie just 30 kilometers (19 miles) south of...
More than 30,000 people attended the Prospectors and Developers Association of Canada Convention held in Toronto March 4 - 7, breaking last year's attendance record of 27,714 participants from 120 countries. The annual convention, currently in its 80th year, attracts investors, analysts, mining executives, geologists, prospectors and international government delegations from all over the world and represents a tremendous networking and educational opportunity for the industry. The gathering's Trade Show and Investors...
Canada is blessed with great geology, competitive tax rates, a stable political system and a non-discriminatory regulatory regime, which helps to explain why the country ranks among the top destinations for the world's mineral industry, not only to meet but also to do business, Natural Resources Minister Joe Oliver told participants in the 2012 Prospectors and Developers Association of Canada Convention March 5 Canada has more than 200 active mines, producing more than 60 minerals and metals, and the country ranks as the No....
Avalon Rare Metals Inc. is working to capitalize on the jump it believes it has on competitors. The would-be producer of rare earth elements told investors recently that none of the other companies currently pursuing development of REE mining projects will have all of the highly desirable heavy rare earths ready to market by 2015-2016. Currently, China produces some 95 percent of the world's REEs, and the county will soon consume 60-70 percent of the world supply. Yet in the next five to 10 years, the Asian country could...
