The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 8 of 8
In a bid to add the Brucejack Mine to its operations in British Columbia's Golden Triangle, Newcrest Mining Ltd. has entered into an agreement to pay roughly C$3.5 billion (US$2.8 billion) to acquire Pretium Resources Inc. "We are delighted to be expanding our presence in this highly prospective region in British Columbia," said Newcrest Mining CEO Sandeep Biswas. "Brucejack is a tier one mine in a tier one jurisdiction and will deliver immediate production, free cash flow...
Benchmark Metals Inc. Nov. 8 reported that drilling has encountered additional near-surface, high-grade and bulk-tonnage gold-silver mineralization that could improve the economics of mining of the Cliff Creek deposit on the company's Lawyers project in Northern British Columbia. According to a calculation published in May, the Cliff Creek, AGB, and Dukes Ridge deposits at Lawyers host 40.3 million metric tons of indicated resource averaging 1.19 grams per metric ton (1.55...
Kinross Gold Corp. Nov. 10 reported the new Barnes Creek heap leach pad and higher-grade ore being fed into the mill is contributing to a continuing trend of increasing gold production at its Fort Knox gold mine about 25 miles north of Fairbanks, Alaska. During the third quarter of 2021, Fort Knox produced 71,482 ounces of gold, which is nearly a 13% increase over the 63,302 oz produced during the second quarter and about a 28% jump over the 55,815 oz produced during the...
Banyan Gold Corp. Nov. 9 reported its third-quarter exploration update for its AurMac project in the Yukon, expanding the program to three drills working onsite and culminating in approximately 25,000 meters in more than 120 diamond drill holes this year, with more to come. Since February, the two phases of 2021 drilling at AurMac have quickly approached the targeted 30,000 meters planned for this gold exploration property about 40 kilometers (25 miles) south of Victoria Gold...
There will be impressive financial returns for any mining company that develops a mine at the Kutcho copper-zinc project in Northern British Columbia, according to a feasibility study prepared for Kutcho Copper Corp. "The feasibility study represents a major milestone for Kutcho Copper as we continue to advance the high-grade Kutcho copper-zinc project towards a development decision," said Kutcho Copper President and CEO Vince Sorace. Located about 120 kilometers (75 miles)...
Tectonic Metals Inc. Nov. 10 reported the discovery of Pogo-style high-grade gold mineralization at West Trench, a prospect found in the western gneissic terrain on the company's Tibbs property about 22 miles (35 kilometers) southeast of Northern Star Resources Ltd.'s Pogo Mine. Mapping and sampling completed last year identified multiple high-tenor gold-in-soil anomalies associated with low-angle faults within moderately dipping gneissic rocks at the West Trench, Galosh, John...
White Gold Corp. Nov. 11 reported a 16% increase to the mineral resources for the VG deposit at QV, a gold exploration project about 85 kilometers (53 miles) south of Dawson City, Yukon. White Gold acquired QV from Comstock Metals Ltd. in 2019. At the time, the VG deposit on this property hosted 4.4 million metric tons of inferred resource averaging 1.65 g/t (230,000 ounces) gold. The gold mineralization in this deposit appears to be very similar to the Golden Saddle deposit...
White Rock Minerals Ltd. reported the discovery of high-grade copper and zinc, along with significant silver and gold, in rock samples collected from the Kiwi and Jack Frost targets on its 323-square-mile (836 square kilometers) Red Mountain property in Alaska. This district-scale property hosts a wide array of base and precious metals deposits and prospects. The most advanced are the Dry Creek and WTF deposits, which host a combined 9.1 million metric tons of Australian...
