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Articles from the January 18, 2024 edition


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  • Thick veins of gold running through core from drilling the Brucejack Mine.

    Newmont makes transitional acquisition

    Shane Lasley, Data Mine North|Updated Feb 22, 2024

    With the roughly $19 billion buyout of Newcrest Mining Ltd., Newmont Corp. has added two operating mines to its already impressive portfolio of gold and copper assets in the Golden Triangle region of Northern British Columbia. "By combining the two existing Newcrest operations, Brucejack and Red Chris, with Newmont's Saddle North and Galore Creek projects, a Tier 1 district in the highly prospective Golden Triangle region of British Columbia will be created – a district in w...

  • Loaded mining haul truck with a bed painted to honor the Tahltan Nation.

    Golden Triangle of Northern BC ESG mining

    Shane Lasley, Data Mine North|Updated Feb 20, 2024

    Lying just deep enough into the mining frontier that value of its world-class deposits copper, gold, silver, nickel, and other metals has not been fully realized, yet home to the industrial-grade hydropower, road access, and Pacific Rim ports needed to unlock its vast mineral potential, Northern BC is well-positioned to be a major source of precious, base, and critical metals in the 21st century. This particularly mineral-rich section of the Canadian Cordillera also happens...

  • A drill on the slopes of Galore Creek Mining Corp.'s Galore Creek project.

    Teck explores future after takeover bid

    Shane Lasley, Data Mine North|Updated Feb 8, 2024

    Teck Resources Ltd. went into 2023 with a strategy to better position for the energy transition by spinning its steelmaking coal unit into the newly formed Elk Valley Resources, and advancing its copper- and zinc-forward metals assets under a rebranded Teck Metals Ltd. This proposed reorganization, however, was stymied by an aggressive takeover bid by Glencore that wanted to incorporate Teck's coal and metals assets into its own reorganization plans. While Teck fended off...

  • Geologists inspect core from drilling a Northern BC gold-silver prospect.

    New gold Thesis emerges in Northern BC

    Shane Lasley, Data Mine North|Updated Jan 17, 2024

    The August merger of Benchmark Metals Inc. and Thesis Gold Inc. consolidates two very promising gold-silver properties in Northern British Columbia's Toodoggone Mining District into a single 325-square-kilometer (125 square miles) land package with near term mining and longer term exploration potential that will likely attract the attention of majors. "This merger has given rise to an expansive district-scale development and exploration endeavors, characterized by remarkable...

  • Two-track pioneer road cuts across the Flat gold property in Southwest Alaska.

    Tectonic expands Flat gold in SW Alaska

    Shane Lasley, Data Mine North|Updated Jan 17, 2024

    Continuing to build upon a strong partnership it has built with Doyon Ltd., the Alaska Native regional corporation for Interior Alaska, Tectonic Metals Inc. launched its first drill program at the recently acquired Flat gold project in Southwest Alaska last year. "Our inaugural 2023 drill program is all about unveiling the tier one potential of the Flat gold project," Tectonic Metals President and CEO Tony Reda said as the company was gearing up for the August start of a...

  • Hecla employees ending a long shift at the Greens Creek silver mine.

    Hecla becomes major player in the Yukon

    A.J. Roan, Data Mine North|Updated Jan 17, 2024

    Following the acquisition of Alexco Resource Corp. at the end of 2022, Hecla Mining Company has continued to expand its portfolio of gold and silver properties in Canada's Yukon. With the Keno Hill Silver District mine project that came with the buyout of Alexco, Hecla's silver reserves soared to above 240 million ounces of silver, the highest in the company's 132-year history. "Hecla's silver reserves are at an all-time high," said Hecla Mining CEO Phillips Baker, Jr. This...

  • Sunset over Snowline Gold’s Forks camp in Yukon, Canada.

    Snowline's rise rushes in like avalanche

    A.J. Roan, Data Mine North|Updated Jan 17, 2024

    Doubling its market capitalization in less than a year, Snowline Gold Corp. has swept into the big leagues of Yukon gold exploration like an avalanche. With its massive landholdings strewn across the Yukon, gold intercepts running as deep as the CN Tower is tall, some of the highest-graded holes ever drilled in the territory, and the sheer volume of discovered mineralization sparking a modern-day mini gold frenzy, Snowline is making its mark on Canada's North. Snowline began...

  • Drill tests gold and antimony mineralization north of Fairbanks, Alaska.

    Group behind Felix excited about Alaska

    Shane Lasley, Data Mine North|Updated Jan 17, 2024

    Since emerging on the Alaska mineral exploration scene in 2021, Felix Gold Ltd. has amassed more than 150 square miles of gold-enriched properties in the Fairbanks Mining District and is working toward establishing an inaugural resource at one of the most prospective gold targets discovered so far on this enormous land package. As Felix carries out systematic drilling to outline an at-surface gold-antimony resource at the NW Array target on its Treasure Creek property about...

  • Beautiful sunset over the mountains at the Johnson Tract gold project in Alaska.

    HighGold looks to head underground at JT

    A.J. Roan, Data Mine North|Updated Jan 17, 2024

    Launching a multi-year initiative to unlock the potential of its Johnson Tract gold project in Southcentral Alaska, HighGold Mining Inc. began with an exploration and development program in 2023 that truly showcases the methodical efficiency with which the company aims to push the property to feasibility. Getting drills turning at the end of June, HighGold targeted an 8,000-meter program that is part of its larger multi-year plan designed to de-risk the project and support...

  • Drill tests for gold on mountain saddle during a summer day in Alaska.

    Northern Star grows Pogo gold footprint

    Shane Lasley, Data Mine North|Updated Jan 17, 2024

    With gold production on the rise and costs dropping at Pogo, Northern Star Resources Ltd. is focused on outlining resources and reserves to support the next decade of mining at its high-grade underground operation in Alaska. After the 2022 expansion of the mill to a nameplate capacity of 1.3 million metric tons per year, Northern Star has been working to ramp up gold production at Pogo to 300,000 ounces per year. The 81,322 oz of gold poured during the second quarter of...

  • Aerial view of green-roofed buildings at Eskay Creek gold-silver mine project.

    Skeena looks at Snipping Eskay Creek mine

    Shane Lasley, Data Mine North|Updated Jan 17, 2024

    With the high-grade Snip gold project fully pulled back into its portfolio, Skeena Resources Ltd. is now considering a mine at Eskay Creek that would process ore from both of the company's historic high-grade gold projects in British Columbia's Golden Triangle. Skeena acquired both Snip and Eskay Creek from Barrick Gold Corp. under an option agreement entered into in 2016 and 2017, respectively. Over the ensuing six years, Skeena has focused most of its resources on...

  • Rainbow next to a large Quonset tent camp on Alaska’s Seward Peninsula.

    Pentagon support accelerates Graphite One

    Shane Lasley, Data Mine North|Updated Jan 17, 2024

    Graphite has not been mined in the United States for decades, which makes the nation largely beholden to China for its supply of this largest ingredient in the lithium batteries that power everything from smartphones and household appliances to electric vehicles and military hardware. On a mission to accelerate the development of a domestic supply chain for the enormous quantities of graphite required for America's green energy and high-tech future, the U.S. Department of...

  • Molten gold being poured into a bar at the Fort Knox Mine.

    New era of Alaska gold for Kinross

    Shane Lasley, Data Mine North|Updated Jan 17, 2024

    With an August groundbreaking ceremony celebrating the start of Mining at Manh Choh, Kinross Gold Corp. fully entered into a new era of mining in Alaska that is expected to push Fort Knox gold production up into the 400,000-ounce-per-year echelon, a significant jump over the 291,248 oz recovered at the mine in 2022. This next phase of mining in the 49th State is being built upon the "Kinross Alaska" strategy; an initiative launched in 2020 to enhance gold production at Fort...

  • Pilot standing next to helicopter on crest of hill beside a bulldozer.

    Blackjack keeps dealing a winning hand

    A.J. Roan, Data Mine North|Updated Jan 17, 2024

    Launching into 2023 with an initial inferred mineral resource estimate, the excitement has grown for Sitka Gold Corp. as much as its 2022 Blackjack discovery on the company's highly prospective RC Gold project in Canada's Yukon. Consisting of a 376-square-kilometer (145 square miles) RC Gold project is located near the newly road-accessible Clear Creek, Big Creek, and Sprague Creek districts in the heart of Yukon's Tombstone Gold Belt. One of the largest consolidated land pack...

  • Geologist exploring lithium enriched pegmatites in western Canada.

    Bold explorer targets Yellowknife lithium

    Rose Ragsdale, For Data Mine North|Updated Jan 17, 2024

    Armed with new leadership and a plan to rapidly explore and develop its lithium prospects in Canada, Li-FT Power Ltd., set out in late 2022 on a bold quest to confirm historical prospects of lithium near the capital of Northwest Territories. While aggressive, the move was far from lacking precedent. Yellowknife, after all, has a history of delivering mineral riches, most notably upwards of 12 million ounces of gold from the legendary Con and Giant mines throughout much of the...

  • Drill pad set up at Nighthawk Gold’s Colomac Centre deposit.

    PEA instills confidence for Nighthawk

    A.J. Roan, Data Mine North|Updated Jan 17, 2024

    Reaching the next milestone in mineral exploration, Nighthawk Gold Corp. ushered in 2023 with a preliminary economic assessment for its Colomac gold project in Northwest Territories. With the study indicating strong economics for the proposed mine, 2023 exploration was just the cherry on top for this great success. "The results of our PEA demonstrate that the Colomac gold project has the potential to be a phenomenal asset, and the PEA is a monumental milestone for our company,...

  • North Arrow team examining possible lithium outcrop.

    Diamond to lithium: North Arrow's gambit

    A.J. Roan, Data Mine North|Updated Jan 17, 2024

    While the year may have started out riding the success of its massive 2022 bulk sample at a diamond project in Nunavut, North Arrow Minerals Inc. transition in 2023 into the field of lithium exploration, and the gambit paid off. Right away, the company began its lithium discovery with the purchase of the DeStaffany lithium-tantalum-niobium project from Panarc Resources Ltd., located on the north shores of Great Slave Lake and about 115 kilometers (70 miles) east of Northwest...

  • Helicopters deliver water to battle wildfires near Yellowknife.

    Wildfires upset NWT mineral exploration

    Rose Ragsdale, For Data Mine North|Updated Jan 17, 2024

    With a summer marred by unprecedented wildfires behind them, companies exploring the mineral-rich Northwest Territories are reporting impressive results from their 2023 programs. Seeking new deposits of valuable minerals, ranging from ever-popular diamonds and precious metals to recently designated "critical minerals," such as lithium, rare earth elements and zinc, a score of explorers took to the field across the territory. "An exciting new chapter is emerging for mining in t...

  • Osisko crew working on a drill pad in Northwest Territories.

    Osisko forms Pine Point Mining Limited JV

    A.J. Roan, Data Mine North|Updated Jan 17, 2024

    Reorganizing under a new joint venture with a London-based private equity group, Osisko Metals Inc. now has the funds to advance the historic Pine Point zinc-lead mine project in Northwest Territories to "shovel-ready" status. Located just south of the Great Slave Lake, Pine Point is home to a former mine operated by Teck Resources Ltd. that produced roughly 14 billion pounds of zinc and 4 billion lb of lead from around 64 million metric tons of ore during a 24-year span...

  • Geologist inspecting exposed quartz at the Klondike District Gold Project.

    Science cracks open Klondike Gold secrets

    A.J. Roan, Data Mine North|Updated Jan 17, 2024

    Exploring the legendary region from which it takes its name, Klondike Gold Corp. has persevered much like the stampeders of yore to unlock the secrets of a historic district that produced more than 20 million ounces of gold. With another year of exploration under its belt and with the help of a little modern science, the company has made leaps and bounds in understanding the ingredients that led to one of history's greatest gold rushes. Situated roughly 20 kilometers (12...

  • Helicopter perched along the crest of a mountain in Canada’s Yukon.

    New kid on the Canada block: Onyx Gold

    A.J. Roan, Data Mine North|Updated Jan 17, 2024

    As a vehicle for Ontario and gold exploration properties spun out of HighGold Mining Inc., the cleverly named Onyx (ONtario Yukon eXploration) Gold Inc. hit the ground running with an experienced team and the capital to begin exploring as one of Canada's newest mining juniors. HighGold felt its land holdings within the highly prospective and overlapping Tintina and Tombstone gold belts in Yukon's Selwyn Basin and within Ontario's portion of the Abitibi greenstone belt, Canada'...

  • Workers hiking up an outlying rock formation at Seabridge Gold's KSM property.

    Seabridge builds on golden legacy in BC

    Shane Lasley, Data Mine North|Updated Jan 17, 2024

    Carrying forward a two-decade legacy of building gold resources faster than issuing shares, Seabridge Gold Inc. focused its 2023 exploration primarily on the Iskut gold-copper property in Northern British Columbia and high-grade 3 Aces project in the Yukon. Going into 2023, Seabridge had 170.8 million ounces of gold in resources and reserves, a 997% growth since 2003. Over that same span its outstanding shares have only increased by 195%. Along with this gold, Seabridge has...

  • Aerial view of the world-class Mary River iron deposit in Nunavut.

    Tenacious exploration delivers for Nunavut

    Rose Ragsdale, For Data Mine North|Updated Jan 17, 2024

    As 2023 raced toward its final weeks, mining explorers working in Canada's northernmost territory wrapped up ambitious campaigns to identify new deposits of various lucrative minerals, ranging from cobalt to copper and gold to uranium. Both mineral production and exploration spending in Nunavut decreased in 2022 compared with the previous year's totals, and another drop is expected for 2023. Natural Resources Canada earlier projected a 28% decrease in planned spending for...

  • Canada, Tahltan Nation, and Australia flag trucks at mine in Northern BC.

    M&A activity reshapes North of 60 mining

    Shane Lasley, Data Mine North|Updated Jan 17, 2024

    From neighboring gold explorers merging to create a district-scale project that will likely be attractive to majors, to Glencore making an aggressive bid to buyout Teck Resources Ltd., 2023 was a year of North of 60 mergers, acquisitions, and attempts at takeovers. The multi-billion-dollar M&A frenzy across Alaska and Canada's North was underscored by B2Gold's roughly C$1.1 billion (US$820 million) acquisition of Sabina Gold & Silver Corp. and the Back River Gold Mine project...

  • Aerial view of drill testing for gold in a mountainous area of Alaska.

    Nova expands Estelle gold, finds antimony

    Shane Lasley, Data Mine North|Updated Jan 17, 2024

    Looking to push the gold resource on its Estelle property in Alaska above the 10-million-ounce mark, Australia-based Nova Minerals Ltd. launched a 15,000-meter drill program in July targeting the higher-grade gold mineralization in the RPM and Train areas at the southern end of the district-scale property. In April, the company reported that Estelle had been expanded to 1.1 billion metric tons of global resource averaging 0.3 grams per metric ton (9.9 million oz) gold. While...

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