The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Though effects of the COVID-19 pandemic lingered, mineral explorers rushed to the Yukon like moths to a flame during 2022. Mining's most daring sector rallied to generate the busiest field season seen in Canada's westernmost territory in years. In June, Natural Resources Canada projected mineral exploration and deposit appraisal spending in Yukon during 2022 to total C$157.9 million, up 14.5% from C$135.1 million estimated for 2021 and nearly double C$83.6 million in 2020....
Strategic Metals Ltd., a longtime project generator in the Yukon, is helping to spur industry interest in the prospectivity of the territory's southwestern region for critical minerals as more explorers undertake projects in this underexplored region. Strategic optioned 70% ownership interest in Hopper, a 74 square-kilometer (28.6 square miles) multi-target porphyry copper-molybdenum project with significant copper-gold-silver peripheral skarn mineralization to CAVU Mining...
American West Metals Ltd. capped its first season of exploration drilling in Nunavut with the discovery of substantial copper mineralization at depth at Storm Copper, a development that the explorer believes will be a "game-changer" for the early-stage project. Initial assays from drill hole ST22-10 confirm the presence of sediment-hosted copper and zinc sulfide mineralization that indicates the potential for a major mineralized system lying below the very high-grade copper...
On the heels of its successful Macmillan Pass zinc-lead exploration play in eastern Yukon Territory, Fireweed Metals Corp. is making a bid to expand its project portfolio in what may be an astute move. Studying the region's geology, the junior jumped territorial boundaries to stake nearly 129 square kilometers (50 square miles) of lapsed claims covering all historic showings and anomalies of the historical Gayna River zinc-lead-gallium-germanium project in Northwest...
Having identified 12 high-priority targets from high-resolution geophysical data, StrategX Elements Corp. is planning to conduct a first-phase, 2,000-meter diamond drill program on its Nagvaak project in Nunavut. Nagvaak is one of three projects that the aggressive junior is exploring in the Far North territory's mineral-rich Melville Peninsula. StrategX said it has defined drill targets with potential for a major discovery in energy transition metals on the Nagvaak property...
Snowline Gold is unveiling an exciting new gold district in Canada’s Yukon. A little over 18 months after its organization, Snowline Gold Corp., a junior mining company with deep prospecting roots in Yukon Territory and savvy investment partners with deep pockets, is emerging as one of northern Canada's most active and enticing gold explorers. In March, the company outlined plans for its 2022 field season, citing exploration of prospective zones in its flagship 7...
Adds $30 million to 2022 budgets at Nunavut gold mines, projects Agnico Eagle Mines Ltd., now firmly established as a gold producer in Nunavut, is adding another US$30 million to an already generous 2022 exploration budget for two of its three operations in the Far North Canadian territory. Agnico views Nunavut as a politically attractive and stable jurisdiction with enormous geological potential. The company reported gold production exceeding 774,000 ounces from its two...
Sixty North Gold Mining Ltd. reported July 11 that crews moved onto its Mon Gold property in late June and began mapping and sampling a recent nickel and cobalt discovery situated about a mile (1.5 kilometers) southeast of the mine site. The original discovery of the critical metals occurred in 2021 when a grab sample returned greater than 1% nickel, 0.18% cobalt, and 0.429 grams per metric ton gold. Follow-up grab samples in early 2022 confirmed 0.31% nickel, 0.022% cobalt,...
Dozens of prospectors and junior mining companies are trekking into the bush in Yukon Territory this field season, seeking the next big pot of gold in a fabled land rich with possibilities. Leading the charge is White Gold Corp., which initiated 7,500 meters of drilling, including 5,000 meters of diamond drilling, 1,000 meters of reverse circulation drilling and 1,500 meters of rotary air blast drilling. The 2022 exploration program began with diamond drilling at the Ryan's...
Though the 2022 field season is scarcely underway, Vital Metals Ltd., Canada's first rare earths producer, is already eyeing a second banner year at its Nechalacho REE mining operation in Northwest Territories – with recent progress in virtually every aspect of the Australia-based company's Canadian project, from exploration to marketing. Vital's offtake partner, Norway-based REEtec AS, signed a purchase agreement in April to supply rare metals for magnets used in electric m...
American West Metals Ltd., a junior led by two mining industry veterans from Australia, has returned to the Arctic this year for a second field season in pursuit of rich deposits at the Storm Copper project on Somerset Island in northeastern Nunavut. Storm hosts a 120-kilometer (75 miles) mineralized trend within an extensive 4,145-square-kilometer (1,600 square miles) land package that covers multiple copper and zinc geochemical anomalies along strike. In March 2021,...
On the heels of a productive exploration season in 2021 at the MacMillan Pass Project in Yukon Territory, Fireweed Zinc Ltd. has attracted additional capital from lead shareholders, including Australia-based Ibaera Equity Group and Teck Resources Ltd. The new infusion of capital – C$9.7 million in March and C$5.2 million in December – acknowledges the giant-sized zinc-lead-silver potential of the 940-square-kilometer package of mining claims now emerging in a fertile cor...
With diamond prices climbing while global production is expected to remain flat through 2027, the outlook for diamond explorer North Arrow Minerals Inc. is shining bright. The company Feb. 22 reported progress at its projects across Canada, including work undertaken in 2021 at its advanced diamond project in Nunavut. North Arrow said processing of a 2,000-metric ton bulk sample extracted in 2021 from its Naujaat diamond project located on the Melville Peninsula is about...
When Vital Metals Ltd. purchased the rights to mine the mineral resources in the upper zones of the Nechalacho rare earth project from Avalon Rare Metals Inc. in 2019, the Australian junior hit the ground running. And the rest is history. Literally. In July, Vital Metals became the first company to produce rare earth minerals in Canada – a country known to host vast undeveloped quantities of this suite of coveted elements. Vital is also only the second company to mine rare e...
Mineral exploration activity in Nunavut intensified in 2021 as mining companies mounted larger and more extensive programs in response to stronger capital markets, government infrastructure initiatives, and the easing of restrictions imposed to curb effects of the ongoing Covid-19 pandemic. Spanning 2 million square kilometers (about 782,000 square miles), the territory has 25 communities and about 39,353 residents, of whom 84% are Inuit. Nunavut has no roads, and all but one...
As final assays of its productive 2021 exploration program roll in, Gold Terra Resource Corp. is working on a plan to boost the 1.2-million-ounce inferred resource of its Yellowknife City Gold Project substantially by drilling in new areas and proving up historic resources in and around the capital city of Northwest Territories. The YCG project lies on the prolific Yellowknife greenstone belt, covering nearly 70 kilometers (43 miles) of strike length along the main...
VANCOUVER – Pacific Ridge Exploration Ltd. Dec. 29 said it has amended the terms of an agreement that gives BMC Minerals Ltd. an option to purchase Pacific Ridge's Fyre Lake property in Yukon Territory. BMC is a private United Kingdom-based resource company that is developing the Kudz Ze Kayah volcanogenic massive sulfide project in southeast Yukon. The project is designed to operate for at least nine years, producing high-grade zinc, copper, and lead concentrates with signifi...
Mineral exploration activity in Northwest Territories showed signs of revival in 2021, coming on the heels of the slowest year in recent memory. Excited by renewed interest in gold deposits in and around the capital city of Yellowknife and other hot spots after the pandemic-related restrictions of 2020, juniors joined longtime explorers Nighthawk Gold Corp. and Gold Terra Resource Corp. (formerly TerraX Minerals) in hunting for the yellow metal across the 1.14...
Mining exploration and production activity soared in Yukon Territory in 2021 thanks to high metals prices, pro-industry government policies, and mounting successes in the field. Bouncing back from some of the most challenging working conditions in modern history due to the COVID-19 pandemic, placer and hardrock miners stepped up the pace of their activities, posting record production numbers and promising exploration results. With the rollout of COVID vaccines and the prospect...
For Agnico Eagle Mines Ltd., 2021 proved to be a transformative year at its operations in Nunavut. The gold miner acquired a third mine in the Far North Canadian territory, completed extensive exploration programs at its mine properties in Nunavut, and edged closer to its goal of zero carbon emissions from its operations by 2050. Agnico also entered a proposed merger-of-equals agreement with Kirkland Lake Gold, a combination that would create the third-largest gold miner in...
In a move welcomed by investors, ValOre Metals Corp. plans to return to Nunavut to resume exploring its Angilak uranium project in 2022. A district-scale property covering a 59,483-hectare (146,982 acres) expanse in south-central Nunavut, Angilak hosts drill-confirmed uranium mineralization along 40 kilometers (25 miles), including the prospective 3,000- by 1,500-meter Lac 50 Trend and multiple un-drilled targets property-wide. ValOre says the Lac 50 Trend deposits comprise...
NorZinc Ltd. appears headed into the home stretch in its decades-long marathon to bring to production the Prairie Creek zinc mine project in southern Northwest Territories. The junior, formerly Canadian Zinc Corp., Oct. 21 reported completion of an updated preliminary economic assessment of the zinc, lead, and silver mineralization that it hopes to mine and mill at a rate of 2,400 metric tons per day. NorZinc said the PEA lays the groundwork for a new feasibility study for...
Drill results from mineral exploration programs in Canada's Yukon Territory this year are beginning to roll in as numerous companies wind down 2021 field operations in what some describe as one of the busiest mining seasons in years. Coming on the heels of an eight-year capital market down-cycle, plus a 2020 season burdened with operating restrictions due to the COVID-19 pandemic, the current season is bringing more upbeat challenges to Canada's Far North typically associated...
Mineral exploration activity is heating up this summer in Nunavut after a yearlong hiatus sparked by restrictions and cautionary moves driven by the COVID-19 pandemic in early 2020. For the northern Canadian territory's two mine operators and a handful of advanced- and early-stage explorers, the outlook for 2021 programs is much brighter. In mid-June, the Government of Nunavut gave Agnico Eagle Mines Ltd. the green light to allow its workers living in the Kivalliq region of...
The Mon gold project, currently the only fully permitted gold mining project in Northwest Territories, is advancing toward new production later this year. The project is located about 40 kilometers (25 miles) north of Yellowknife in the South MacKenzie Mining District. A high-grade quartz vein was discovered on the Mon property in 1937 by prospectors working for Cominco Ltd. during an aerial reconnaissance flight north of Yellowknife. In 1988 the property was optioned by...
