The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 9 of 9
North Arrow Minerals Inc. March 5 announced the start of 2018 exploration drilling at Loki, a diamond project in the Lac de Gras region of Northwest Territories. Roughly 30 kilometers southwest of the Ekati Mine and 24 kilometers west of the Diavik Mine, Loki is found in a region known for its rich diamond deposits. "Clearly, a very good place to be to make new discoveries and the discoveries we do make have a very good chance of being diamondiferous," said North Arrow Preside...
TerraX Minerals Inc. March 7 announced yet another expansion of its Yellowknife City Gold project, bringing its total land holdings near the Northwest Territories capital to 771.6 square kilometers, or roughly 190,665 acres. The latest expansion of the Yellowknife project comes from the staking of 337.5 square kilometers (130.3 square miles) immediately north of its current properties. These additional 47 claims were staked based on extensive field exploration completed last...
Ucore Rare Metals Inc. March 5 said it plans to be producing rare earth elements at its Ketchikan, Alaska Strategic Metals Complex, or Alaska SMC, in 2020. The exploration turned innovation company said it is now entering the second phase of due diligence for the Alaska SMC, a facility that will utilize molecular recognition technology to separate rare earths and produce individual REE oxides used in many high-tech applications. As part of its due diligence, Ucore is now...
Redstar Gold Corp. March 7 announced that it is seeking a new chief executive officer to lead the Alaska-focused gold exploration company. Former Redstar President and CEO Peter Ball has stepped down from the executive position and Chairman Jacques Vaillancourt is serving as interim-CEO until the board can fill the position. Ball joined Redstar early in 2016 and served as president and CEO as the exploration company expanded upon the high-grade gold deposits at the Unga gold...
Victoria Gold Corp. March 5 announced that it has signed paperwork with Orion Mine Finance, Osisko Gold Royalties Ltd. and Caterpillar Financial Services Ltd. that pulls together a roughly C$505 million financing package – enough to complete development of the Eagle Gold Mine project on its Dublin Gulch property in the Yukon. This financing package involves two credit facilities totaling US$175 million (roughly C$219 million); a private placement of Victoria common shares t...
ATAC Resources Ltd. March 5 reported that the Yukon government and the First Nation of Na-Cho Nyak Dun have filed a joint document that allows the company to move forward with its plans to build a 65-kilometer (40 miles), private, all-season tote road to the Tiger gold deposit at the western end of the company's expansive Rackla property in the Yukon. The proposed tote road would branch off the Hanson Lake Road west of Keno City and is envisioned as a gated, single-lane and...
After four years of declines, global minerals exploration spending rose roughly US$1 billion in 2017 and is expected to see further growth this year, according to a March 5 report by S&P Global Market Intelligence. The 1,535 companies that answered a survey put out by the research firm reported US$7.95 billion of investment in the search of nonferrous metals in 2017, a 14 percent increase from the US$6.95 billion spent in 2016. Taking into account data that could not be...
Golden Predator Mining Corp. March 5 announced the start of a 4,000-meter winter drill program at its 3 Aces gold project in southeastern Yukon. The winter drilling will initially focus on stepping-out with wide-spaced drilling within the central core zone, a 13.5-square-kilometer (3,335 acres) area of the 3 Aces property that hosts multiple high-grade gold vein occurrences. This wide-spaced drilling will test the continuity along favorable stratigraphic-structural contacts al...
White Gold Corp. March 5 reports that drilling has outlined more than 1.24 million ounces of gold at its White Gold property in the Yukon. An updated resource calculation outlines 12.32 million metric tons of indicated resource averaging 2.43 grams per metric ton (961,000 ounces) gold; plus 5.16 million metric tons of inferred resource averaging 1.7 g/t (282,500 oz) gold in the Golden Saddle and Arc deposits. A consistent high-grade core of the primary Golden Saddle deposit...
