The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 7 of 7
Heatherdale Resources Ltd. Jan. 6 reported that encouraging mineralization observed in the first four holes of the 2020 program prompted the company to drill all ten holes in the area of the historic Niblack Mine on the company's Niblack copper-gold-silver-zinc project in Southeast Alaska. Heatherdale, which had advanced the Niblack project to the verge of considering the feasibility of mining the high-grade volcanogenic massive sulfide mineralization found there, became...
Victoria Gold Corp. Jan. 6 reported that its Eagle Gold Mine produced 42,174 ounces of gold during the final quarter of 2020. This strong quarterly output pushed the Yukon operation's second half production to 77,748 oz of gold, which topped the company's COVID-adjusted guidance of 72,000 to 77,000 oz for the final six months of 2020. Including the 38,896 oz of gold recovered during non-commercial production over the first six months of 2020, Eagle produced 116,644 oz gold...
Benchmark Metals Inc. Jan. 4 announced plans for up to a C$30 million 2021 exploration and drilling program focused on advancing its road accessible Lawyers gold-silver project in northcentral British Columbia toward feasibility. Toward this goal, the company completed 87,298 meters of drilling in 388 holes during 2020. Results from the drilling, which are still rolling in, will be incorporated into a new resource estimate for Lawyers in the first quarter and a preliminary...
In what could be the best outcome of Ottawa blocking Shandong Gold Mining's bid to acquire TMAC Resources Inc., Agnico Eagle Mines Ltd. has agreed to buy out its fellow Nunavut gold miner for C$286.6 million. TMAC Resources, which got off to a rocky start of operations at its Hope Bay gold mine in Nunavut, has been looking for a company with the financial wherewithal and mining expertise to make the northern Canada operation a success. Under an agreement reached in May,...
Skeena Resources Ltd. Jan. 6 reported additional high-grade gold and silver intercepts at its Eskay Creek mine project in Northern British Columbia, including a previous undiscovered area of at surface mineralization that could increase resource tonnage and reduce the strip ratio at 22 Zone. Located about 1,000 meters southwest of the five contiguous zones that make up the primary resource area at Eskay Creek, 22 Zone is envisioned to be mined from a separate open pit. A 2019...
Banyan Gold Corp. Jan. 6 provided a recap of the milestones achieved during its 2020 program on its AurMac and Nitra gold properties in the Yukon. A road accessible project about 56 kilometers (35 miles) northeast of Mayo and roughly 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle gold mine, AurMac hosts at-surface deposits – Airstrip and Powerline – along with other drill-ready targets. According to a May calculation, AurMac hosts 52.58 million metric tons of in...
Garibaldi Resources Corp. Dec. 31 reported that its 2020 exploration program at Nickel Mountain demonstrated the expansion potential of the E&L zones, despite the significant challenge faced last year at this nickel, copper, cobalt, platinum group metals, gold, and silver enriched project in the heart of British Columbia's Golden Triangle. "Garibaldi management is very pleased with the progress made during the 2020 exploration season," said Garibaldi Resources President and...
