The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 12 of 12
ATAC Resources Ltd. Jan. 6 reported high-grade gold, silver, zinc and copper from sampling of the Rau project at the western end of the company's expansive Rackla Gold property in the Yukon. The Rau property covers a 12.5-mile trend of metals deposits and prospects that include: Tiger, carbonate replacement style deposit with 5.68 million metric tons of measured and indicated resources averaging 2.66 grams per metric ton (485,700 ounces) gold; Airstrip, a large gold anomaly ab...
Kennady Diamonds Inc. Feb. 5 announced that crews have mobilized for a roughly 10,500-meter winter drill program at its Kennady North diamond project in Northwest Territories. Around 60 percent of this program will investigate high priority exploration targets along the Kelvin-Faraday corridor, a trend of diamond-bearing kimberlites that extend from the northern border of De Beers Canada and Mountain Province Diamond's Gahcho Kué property some 3,000 meters onto the Kennady...
TerraX Minerals Inc. Feb. 7 announced the start of a 6,000-meter winter drill program at its Yellowknife City Gold project adjacent to the capital of Northwest Territories. This initial program will test extensions of the Sam Otto and Crestaurum deposits on Northbelt, one of three large land packages that make up the Yellowknife City Gold project "Our 2018 winter drill programs will focus on expansion of two of our most advanced high priority gold targets with a goal of...
Millrock Resources Inc. Feb. 2 announced that it has cut deals to move its trio of Golden Triangle exploration projects into what is expected to be a well-financed exploration company managed by an outstanding technical team that will specialize as a British Columbia project generator company. Under the contemplated transaction, Millrock will vend its Todd Creek project to Sojourn Exploration Inc. The terms of the existing option agreements with Sojourn concerning two other...
Auryn Resources Inc. Jan. 6 said it has further refined drill targets at Aiviq, a high-grade gold discovery made last year at the Committee Bay project in Nunavut, and plans to further test this discovery with drilling slated to begin in March. The nearly 1-million-acre (390,000 hectares) Committee Bay property is anchored by Three Bluffs, a deposit with 2.1 million metric tons of indicated resource averaging 7.85 grams per metric ton (524,000 ounces) gold; and 2.9 million...
With 13 holes drilled in 2017, CopperBank Resources Corp. has added more than 160 million pounds of copper to its Pyramid project on the Alaska Peninsula. "For a small investment in 2017, our team was able to significantly increase the scale, confidence and quality of the project," CopperBank Executive Chairman Gianni Kovacevic said upon the Feb. 2 release of an updated resource for Pyramid. Kovacevic has been a strong advocate for copper as a "green metal" that will see...
Constantine Metal Resources Ltd. Jan. 6 named Ian Cunningham-Dunlop as the company's vice president of advanced projects, an appointment that signals the transition to advanced stage exploration and evaluation work at the Palmer project in Southeast Alaska. South Wall-RW zone, the most advanced of the high-grade volcanogenic massive sulfide deposits and prospects identified at Palmer, hosts 8.1 million metric tons of inferred resource grading 1.41 percent copper, 5.25 percent...
PolarX Ltd. Feb. 7 reported that screen fire assays from the 2017 drilling of the Zackly deposit at its Alaska Range project have returned roughly 37 percent higher gold grades than the results of the initial conventional fire assays. Screen fire assays, which involve screening a large pulverized sample and analyzing the larger material separate from the material that goes through the 75-micron screen, is the most accurate way to assay material known to contain coarse gold....
TNR Gold Corp. Feb. 2 said it is seeking a major gold mining company to become a joint venture partner on its Shotgun gold project in Alaska. Located about 110 miles of Donlin Gold and about the same distance northeast of Pebble, this property lies at the intersection of two trends known to host big deposits. TNR optioned Shotgun from Novagold Resources Inc. in 2002 and gained full ownership of the property in 2010. The company subsequently granted 10 percent ownership of the...
Northern Dynasty Minerals Ltd. Feb. 5 reported that the U.S. Army Corps of Engineers has selected AECOM as the third-party contractor that will support them in completing an environmental impact statement for the Pebble project – a significant milestone in the advancement of a National Environmental Policy Act (NEPA) review of the proposed open pit copper-gold-molybdenum mine in Southwest Alaska. AECOM is a global, integrated engineering, environmental, construction and i...
Hecla Mining Company Feb. 7 reported the highest silver, gold and lead reserves in the Idaho-based miner's 127-year history, as well as the highest zinc reserve in the last five years. The company went into 2018 with 2.3 million ounces of gold in reserves, a 12 percent increase from the beginning of 2017; 177 million oz of silver, an increase of 3 percent; 737,290 tons of zinc, an 8 percent increase; and 840,870 tons of zinc, a 15 percent increase in reserves. "It is a...
Coeur Mining Inc. Feb. 6 reported healthy increases to its precious metals reserves and resources thanks to the exploration and acquisition programs it carried out in 2017. "During 2017, we successfully repositioned and strengthened the company on multiple fronts. We upgraded our portfolio and pipeline of assets to reflect a North American focus with the acquisition of the high-grade Silvertip mine in Canada, our announced divestiture of our highest cost mine in Bolivia and...
