The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 6 of 6
Dolly Varden Silver Corp. Dec. 23 reported results from a 2,037-meter drill program at its Dolly Varden silver property in northwestern British Columbia. The known Dolly Varden deposits exhibit both volcanogenic massive sulfide (Eskay-like) and epithermal (Brucejack-like) mineralization styles which were the focus of the company's maiden NI 43-101 mineral resource estimate completed in August. Though this resource remains open to expansion, the goal of the 2015 drill program...
Banks Island Gold Ltd. Dec. 23 reported the cancellation of an equity financing announced on Dec. 1, due to the lack of sufficient interest to be able to close the C$3 million financing required to support its operations over the coming months. As a result, the Banks Island has insufficient funds to maintain operations and has received notice of claims from three significant trade creditors for payment of outstanding debt. The British Columbia Ministry of Energy and Mines has...
Western Copper and Gold Corp. Dec. 22 reported that its wholly-owned subsidiary, Casino Mining Corp., has submitted the second supplementary information report for the Casino copper-gold project to the Yukon Environmental and Socio-economic Board. The supplemental information is part of a permitting process to develop an open-pit mine with combined flotation mill and gold heap leach processing facilities. The mill will process an average of 120,000 dry metric tons of ore per day, over a 22-year mine life. This operation is...
The mining sector entered 2015 in the midst of a deep bear market, and conditions grew worse as the year wore on. Metals prices continued a multi-year downward trajectory, dragging the market value of miners and explorers along with them. With continued slow growth in China and a strengthening U.S. dollar, most analysts don't see the plight of the mining sector improving much in 2016. "Commodities prices are now at or even below 2009 levels. And absent significant production...
Northern Dynasty Minerals Ltd. Dec. 23 reported completion of a C$5.18 million private placement in which the junior mining company issued 12,573,292 common shares at C41.2 cents each. A referral fee of 300,000 common shares also was paid. The shares are subject to applicable resale restrictions, including a four-month hold under Canadian legislation. Following the financing, Northern Dynasty Minerals reported that a plan of arrangement to acquire all of the issued and outstanding common shares of Mission Gold Ltd. also has...
Diesel has long been the fuel of choice for the enormous haul trucks, dozers, shovels and other equipment that most mines use. Many industry leaders, however, are looking ahead to natural gas as an economically and environmentally friendlier source of energy for the colossal machines. "LNG (liquefied natural gas) is a fuel source that has the potential to lower costs, significantly reduce emissions and improve environmental performance at our operations," said Teck Resources...
