The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 10 of 10
IDM Mining Ltd. Feb. 13 said a geologic compilation of drill results from the 2017 exploration program at Red Mountain indicates expanded gold exploration potential at this underground mine project about 15 kilometers (nine miles) east of Stewart, British Columbia. "Our new interpretation, which has identified significant near-mine resource potential, represents an important turning point for the company," said IDM Mining President and CEO Robert McLeod. "The recognition of...
Golden Predator Mining Corp. Feb. 13 announced the completion of an C$8.38 million overnight marketed offering, a financing that will help fund continued ongoing exploration at the company's 3 Aces gold project in southeastern Yukon. As part of the financing, Golden Predator issued 9.21 million flow-through units at a price of C91 cents per flow-through unit. Each unit consists of one Class A common share and half of a purchase warrant, with each full warrant exercisable into...
Sabina Gold & Silver Corp. Feb. 13 announced plans to invest C$83 million on high-value exploration and pre-development infrastructure improvements at its Back River gold mine project in Nunavut. “2018 will be a significant year for the company as our work programs continue to advance Back River towards production as well as continue to focus on high value exploration targets at the Goose property,” said Sabina Gold President and CEO Bruce McLeod. “In addition, we have developed discretionary activities that are based on ce...
Kutcho Copper Corp. Feb. 14 announced the resumption of environmental baseline studies at the Kutcho copper project in northern British Columbia. The program will continue with and confirm the environmental and socio-economic data that had been collected previously by Capstone Mining Corp. Under its former name, Desert Star Resources Ltd., Kutcho Copper acquired the project from Capstone in 2017. A prefeasibility study prepared for Kutcho Copper outlines a mine at the Kutcho...
Seabridge Gold Inc. Feb. 13 announced a significant increase in both the size and grade of Iron Cap, one of four large gold-copper porphyry deposits at the company's KSM project located in northwestern British Columbia. In fact, the amount of gold in the inferred resource category at Iron Cap is now at 20 million ounces, a 302 percent increase over the 5 million oz in a resource calculated in 2016. Likewise, the amount of copper in inferred resources now stands at 8.6 billion...
Alaska Resource Education Jan. 13 announced that Ella Ede, a lifelong Alaskan with more than 25 years of experience in Alaska resource industries, has been appointed as the organization's executive director. Ede brings experience in mining as well as oil and gas, most recently as stakeholder engagement manager for Statoil Alaska. "Ella's experience, industry knowledge and demonstrated commitment to ARE's mission make her an outstanding choice to lead the organization," said AR...
Capstone Mining Corp. Feb. 14 announced that it is selling its Minto copper mine in the Yukon to Great Britain-based Pembridge Resources plc. Under the terms of the definitive share purchase agreement, Capstone will receive US$37.5 million in cash, plus working capital adjustments, and common shares representing 9.9 percent of the issued and outstanding shares of Pembridge upon completion of the transaction. "The divestiture of Minto will allow us to focus our resources on...
The 1-millionth ounce of gold was poured from the Walter Creek Arctic Heap Leach facility at Kinross Gold Corp.'s Fort Knox Mine in Interior Alaska on Jan. 24. "This is a great milestone for Fort Knox and has been an instrumental part of extending the life of the property. I see our Arctic Heap Leach as a testament to our commitment to innovation as a company," said Fort Knox General Manager Eric Hill. "My thanks goes out to the many folks that have helped achieve this...
Teck Resources Ltd. Feb. 14 reported that the Red Dog zinc mine in Northwest Alaska produced 541,900 metric tons (1.19 billion pounds) of zinc and 111,300 metric tons (245.4 million lb) of lead during 2017. During the fourth quarter, Red Dog produced 141,200 metric tons (331.3 million lb) of zinc, which was 3 percent lower than the same period a year ago. Teck attributes this drop primarily to slightly lower mill throughput and grade. Fourth quarter lead production of 25,000...
Hecla Mining Company Jan. 12 reported that drilling at Greens Creek continues to tap the high-grade mineralization that will help ensure a long and robust life for this silver mine in Southeast Alaska. "(D)rilling at Greens Creek discovered high-grade mineralization in the central part of the mine that could enhance Greens Creek's already exceptional mine economics and mine life," said Hecla President and CEO Phillips Baker, Jr. The fourth quarter drilling at Greens Creek targ...
