The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 11 of 11
Open-pit mining the gold- and silver-rich mineralization remaining at the historic Eskay Creek property in northern British Columbia would result in rich financial returns, according to a preliminary economic assessment recently completed for Skeena Resources Ltd. Barrick Gold Corp. operated an underground mine at Eskay Creek from 1995 to 2008 that produced roughly 3.3 million ounces of gold and 160 million oz of silver from ore that averaged 45 grams per metric ton gold and...
Pembridge Resources plc Nov. 6 reported the first revenue from Minto since the restart of operations at its recently acquired copper mine in the Yukon. Since finalizing a deal in June to acquire Minto from Capstone Mining Corp., the United Kingdom-based company has been working toward the restart of operations at this copper mine. During 10 months of production in 2018, the Minto Mine produced 23 million lb of copper, 9,251 ounces of gold and 98,000 oz of silver from 907,000...
TerraX Minerals Inc. Nov. 4 announced an inaugural mineral resource estimate for its Yellowknife City Gold Project about seven kilometers (four miles) north of the past producing Giant gold mine on the outskirts of Yellowknife, Northwest Territories. Three deposits at YCGP – Crestaurum, Mispickel and Sam Otto – host 11.62 million metric tons of open-pittable inferred resource averaging 1.4 grams per metric ton (523,000 ounces) gold. Additionally, four deposits – Crest...
HighGold Mining Inc. Nov. 5. reported a long section of world-class gold-zinc-copper mineralization in its first hole at the Johnson Tract gold project in Southcentral Alaska. The newly formed company's inaugural hole, JT19-082, cut 107.8 meters averaging 12.42 grams per metric ton gold, 8.9 g/t silver, 0.88 percent copper, 7.11 percent zinc and 1.64 percent lead – or 19.55 g/t gold-equivalent. "Johnson Tract is one of an elite few gold deposits to generate drill i...
Millrock Resources Inc. Nov. 4 reported that all the pieces are falling in place for an early 2020 drill program at West Pogo, one of nine blocks of claims that make up the company's district-scale Goodpaster gold project in Interior Alaska. In mid-October, Australia-based Northern Cobalt Ltd. cut a deal to earn up to a 60 percent interest in the Goodpaster project by investing US$20 million in exploration, plus paying US$200,000 in cash and issuing 38 million in Northern...
Ascot Resources Ltd. Oct. 31 announced another expansion of the resource at its Red Mountain gold project near the mining town of Stewart, British Columbia. Ascot gained ownership of the Red Mountain project earlier this year through the acquisition of IDM Mining Ltd., the company that advanced the underground gold-silver project to the mine development stage. A 2017 feasibility study for Red Mountain details plans for a 1,045-metric-ton-per-day mill that is expected to...
Fireweed Zinc Ltd. Nov. 5 reported that drills cut 230 meters averaging 4.14 percent zinc from a depth of eight meters at Boundary, a zone currently not included in the resource for the company's Macmillan Pass project in eastern Yukon. Two deposits at Macmillan Pass – Tom and Jason – host 11.21 million metric tons of indicated resource averaging 6.59 percent (1.63 billion pounds) zinc, 2.48 percent (610 million lb) lead and 21.33 grams per metric ton (7.7 million ounces) sil...
Trilogy Metals Inc. Nov. 7 reported copper- and zinc-rich volcanogenic massive sulfide intersections in all six holes drilled at the Sunshine prospect on its Upper Kobuk Mineral Projects (UKMP) in Northwest Alaska. UKMP is a roughly 353,000-square-acre land package that covers most of the Ambler Mining District. This massive land package covers two world-class deposits – Arctic and Bornite –and numerous other prospects and targets across a roughly 60-mile-long stretch of the...
Graphite One Inc. Nov. 6 announced the appointment of Shane Beattie as its chief technology officer, a lithium-ion battery expert that has worked with several global automotive and battery manufacturers. Beattie received his Ph.D. in Physics through the Jeff Dahn Research Group at Dalhousie University in Halifax, Nova Scotia. The Jeff Dahn Research Group focuses on the physics and chemistry of materials for energy storage, primarily in the area of lithium-ion batteries and...
White Rock Minerals Ltd. Nov. 4 reported that it has tapped high-grade zinc mineralization that indicates a major expansion of the Dry Creek deposit at its Red Mountain volcanogenic massive sulfide deposit in Alaska. Two VMS deposits on the Red Mountain property – Dry Creek and West Tundra Flats (WTF) – host 9.1 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 5.8 percent (1.17 billion pounds) zinc; 2.6 percent (51...
Golden Predator Mining Corp. Nov. 4 reported significant gold mineralization in nine of the first 10 holes from the fall drill program at its Brewery Creek Mine project about a 45-minute drive from Dawson City, Yukon. From 1996 through 2002, Viceroy Resource Corp. produced 280,000 ounces of gold from seven open-pit mines at Brewery Creek. Since acquiring this past producing gold property about a decade ago, Golden Predator has outlined 14.15 million metric tons of indicated...
