The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 50 of 62
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 Managing Director Sandeep Biswas. "Brucejack is a tier one mine in a tier one jurisdiction and will deliver immediate production,...
After adding 25.9 million ounces of gold to its already world-class KSM project in British Columbia's Golden Triangle at the close of 2020, Seabridge Gold Inc. focused most of its 2021 exploration on bringing this new resource into the mine plan and discovering another KSM-like deposit on the nearby Iskut property. The massive expansion of resources is the result of an agreement to acquire the Snowfield property on the east border of the KSM property from Pretium Resources...
Continuing a massive drill campaign launched in 2020, Benchmark Metals Inc. completed 83,570 meters of drilling at Lawyers during 2021. This includes resource upgrade and expansion drilling at and around the three gold-silver deposits defined so far, plus exploration drilling at several discovery targets across the 56-square-mile (144 square kilometers) property in Northern British Columbia. This expansive program has garnered the support of Eric Sprott, which has invested...
Covering a trend of volcanogenic massive sulfide gold mineralization between Seabridge Gold Corp.'s KSM project to the east and Garibaldi Resources Corp.'s Nickel Mountain project to the west, Eskay Mining Corp.'s namesake project lies at the heart of some of the richest real estate in British Columbia's Golden Triangle. And a roughly 23,500-meter drill program carried out by Eskay during 2021 indicates that this 52,000-hectare (128,500 acres) property is as well mineralized a...
Pretium Resources Inc.'s 2021 resource expansion and exploration drill program at Brucejack cut spectacular gold and silver grades, even for this Northern British Columbia project world-renowned for its bonanza-grade gold. So spectacular, in fact, that Newcrest Mining Ltd. paid roughly US$2.8 billion to acquire Pretium and its high-grade gold mine in BC's Golden Triangle. Going into 2021, the Valley of the Kings deposit at Brucejack hosted 11.5 million metric tons of proven...
As a milestone toward achieving its mission to unlock the vast precious and base metals potential across its 35,520-acre Illinois Creek Mining District property, Western Alaska Copper & Gold successfully listed on the TSX Venture Exchange last November. Western Alaska Minerals Corp., the new name for the exploration company with a decade of success as a private explorer, gained its TSX.V listing via a reverse takeover merger with the already listed 1246779 B.C. Ltd. Prior to t...
As it closes in on reestablishing the Premier Mine, Ascot Resources Ltd. is expanding and upgrading resources that would feed ore into the updated mill at this gold-silver operation on the outskirts of Stewart, British Columbia. Home to a past-producing mine that last operated in the 1990s, Premier has all the major infrastructure – mill, crushing and grinding circuits, tailings storage area, and hydroelectric grid power access – in place to resume operations. A fea...
Building on the success of its 2020 program, Dolly Varden Silver Corp. carried out a 10,506-meter drill program that focused largely on Torbrit, the largest and most advanced deposit on the company's namesake property south of Stewart, British Columbia. The biggest news of the year, however, was the December announcement that Dolly Varden agreed to acquire Fury Gold Mines Ltd.'s Homestake Ridge gold-silver project for roughly C$50 million. Lying along the northwest side of...
With the completion of the buyout of GT Gold Corp., Newmont Corp. has bolstered its portfolio of copper and gold projects in Northern British Columbia and the Yukon. "With the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia, Canada, Newmont continues to strengthen our world-class portfolio," said Newmont President and CEO Tom Palmer. Newmont first grabbed a solid foothold in the Golden Triangle with the...
Going into 2021, StrikePoint Gold Inc. resumed work at its high-grade gold and silver projects, Willoughby and Porter, in British Columbia's Golden Triangle, resulting in new silver vein discoveries that suggest a larger system throughout. The company began its 2021 season at its Porter silver property on Mount Rainey – overlooking Stewart, a town at the southern tip of the Golden Triangle – as sampling discovered new high-grade silver veins from the historic mines. Early 20t...
Looking to expand resources and build reserves for the expanded mill at its Pogo gold mine in Alaska, Northern Star Resources Ltd. carried out surface drilling across the Goodpaster discovery zone and Central Gap prospect, along with underground drilling that focused on most of the ore systems at this high-grade underground mine. As of the end of March 2021, Pogo hosted 12.86 million metric tons of indicated resource averaging 9.5 grams per metric ton (3.95 million oz) gold,...
Seeking to expand and upgrade its multi-million-ounce Korbel gold deposit in preparation for feasibility-level studies and explore the intriguing gold targets across the 125-square-mile (324 square kilometers) Estelle property, Australian explorer Nova Minerals Ltd. carried out one of the largest mineral exploration projects in Alaska during 2021. Located about 100 miles northwest of Anchorage, Alaska's largest city, the 18-mile-long Estelle property covers more than a dozen...
Building upon the success from systematic exploration carried out over the previous two seasons, Tectonic Metals Inc. focused its 2021 program on testing high-grade and bulk tonnage gold targets on its Tibbs properties in Interior Alaska. Located in the Goodpaster Mining District, Tibbs is known for high-grade gold targets reminiscent of the ore at Northern Star Resources Ltd.'s Pogo gold mine about 22 miles (35 kilometers) to the northwest. During its initial drilling at...
Kinross Gold Corp.'s strategy to leverage the underutilized 14-million-metric-ton-per-year mill and enormous tailings storage capacity at its Fort Knox gold mine to process higher-grade ore from projects within a roughly 300-mile radius of the Interior Alaska operation is a gamechanger for smaller high-grade gold projects and how the global mining company approaches exploration in the state. Prior to the Kinross Alaska strategy, Fort Knox mill production was winding down....
As a project-generating exploration company, Millrock Resources Inc. identifies and secures grassroots mineral projects and brings on partners to fund the high-risk early stages of exploration. In recent years, many of these have been with Australian companies intrigued by Alaska's rich and underexplored mineral potential. During 2021, Millrock was actively working with two such Aussie explorers on Alaska gold projects – Felix Gold Ltd. in the Fairbanks Mining District and R...
ATAC Resources Ltd. focused its 2021 mineral exploration largely on the East Goldfield project in Nevada and the Connaught project in western Yukon, a departure from more than a decade of primarily exploring its district-scale Rackla Gold property in the Yukon. This shift in jurisdictional and project focus followed the Yukon government's rejection of the company's application for a permit to build a private road that would support advanced exploration and potential mine...
After tapping an intriguing discovery hole from its most recent Boundary West target, Fireweed Zinc Ltd. has further expanded efforts to explore the company's Macmillan Pass zinc-lead-silver project in southeastern Yukon. Comprised of a road-accessible project along the Northwest Territories border, the 544-square-kilometer (210 square miles) Macmillan Pass project blankets a roughly 55-kilometer (34 mile) trend of zinc, lead, and silver mineralization. Two deposits at Macmill...
Alianza Minerals Ltd. continues to expand upon the high-grade silver potential on its properties in the Yukon and Northern British Columbia. In the Yukon, this Vancouver, BC-based explorer has made significant headway at its Haldane silver project about 25 kilometers (16 miles) west of Keno City. In February, the company received the final drill results from its late 2020 drill program with the completion of two holes in each of the West Fault and Middlecoff targets at Haldane...
Considering itself the best-kept secret in the gold investment community, Klondike Gold Corp. focused its 2021 exploration on establishing the first industry-compliant hardrock resource in the legendary Klondike gold district near Dawson City, Yukon. Klondike Gold's enormous 586-square-kilometer (226 square miles) property blankets a 50-kilometer- (30 miles) long stretch of the much of this historic district that has produced around 20-million-ounce ounces of gold. In an...
As the production crews ramped up toward commercial operations at Alexco Resource Corp.'s Keno Hill silver mine in the Yukon, exploration crews were unveiling extremely high-grade silver mineralization in the Bermingham Northeast Deep zone that will provide future feed for the upgraded mill. According to a calculation completed in May, the Keno Hill Silver District project hosts 1.44 billion metric tons of probable reserves averaging 804 g/t (37.19 million ounces) silver,...
When Australia-based South32 Ltd. decided to expand its portfolio into the Northern Hemisphere, Alaska was its first stop. Under a deal struck with Trilogy Metals Inc. in 2017, the major agreed to invest more than US$175 million to earn a 50% joint venture interest in the massive Upper Kobuk Mineral Projects in Alaska's world-class Ambler Mining District. After investing more than US$30 million to fully understand the mineral potential at UKMP, South32 agreed to pay US$145 mil...
While much of Teck Resources Ltd.'s investment and focus during 2021 was on the implementation of its long-term sustainability strategy, the British Columbia-based miner continued to carry out exploration behind the scenes. In Alaska, Teck operates the Red Dog zinc mine on lands owned by NANA Corp., the Alaska Native Claims Settlement Act (ANCSA) regional corporation for the Northwest Arctic region where the world-class operation is located. This operation, which produces...
Since first coming to Alaska to explore zinc-rich volcanogenic massive sulfide deposits at Red Mountain, Australia-based White Rock Minerals Ltd. has continually added zinc-silver and gold targets within and on the outskirts of this project that has now been expanded to 323 square miles (836 square kilometers). The company's 2021 drill program tested high-grade zinc-lead-silver-gold VMS targets that attracted it to Red Mountain in the first place and the intrusion-related...
During a 2021 exploration program focused largely on collecting further geological and metallurgical data for a scoping study on establishing a mine at its Alaska Range property, PolarX Ltd. made a game-changing high-grade copper discovery. As its name suggests, this property covers a 22-mile- (35 kilometers) long stretch of the majestic and mineral-rich Alaska mountain range that arcs across the middle of the Far North state. PolarX' 2021 program focused on two high-grade...
With the Upper Kobuk Mineral Projects being advanced under a joint venture with South32 Ltd., Trilogy Metals Inc. has begun exploring for Arctic-type volcanogenic massive sulfide deposits on three properties it staked across the southern slopes of the Brooks Range in northern Alaska during 2021. "While Trilogy is focused on the oversight of our primary asset, the UKMP which is being managed by Ambler Metals LLC, the joint venture company equally owned by Trilogy Metals and Sou...
