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
Pretium Resources Inc. March 10 said its Brucejack mine is now expected to average around 357,000 ounces of gold annually over the first 10 years in a new plan for this high-grade gold operation in northwestern British Columbia. This new mine plan is based on 15.7 million metric tons of proven and probable reserves averaging 8.4 grams per metric ton (4.2 million oz) gold and 59.6 g/t (30.1 million oz) silver. The bulk of this ore – 12.8 million metric tons averaging 8.8 g/t (3...
Golden Predator Mining Corp. March 11 said drilling continues to merge what was previously interpreted to be a series of smaller pods of gold mineralization along the Reserve trend at Brewery Creek into a continuous zone that has now been traced for roughly 3,100 meters across this mine project about a 45-minute drive from Dawson City, Yukon. Viceroy Resource Corp. established a mine at Brewery Creek in 1996 and recovered around 280,000 ounces of gold from the open-pit,...
Nickel Creek Platinum Corp. March 11 said it plans to carry out exploration drilling, geophysics and sampling at its Nickel Shäw (formerly Wellgreen) nickel-copper-cobalt-platinum group metals project in southwestern Yukon. To fund this work, as well as permitting and other expenses, the company plans to raise C$4.4 million through a proposed non-brokered private placement being supported by a C$2.2 million commitment from Electrum Strategic Opportunities Fund L.P., Nickel Cre...
The U.S. Bureau of Land Management March 9 announced a proposed plan to finish cleaning up Red Devil, a historical mercury mine site along the Kuskokwim River in Southwest Alaska. The mercury mineral cinnabar was discovered in the Red Devil Creek drainage in 1933 and over the next four decades roughly 36,000 flasks, or 1,224 metric tons, of mercury was recovered from 74,000 ton of ore with an average grade of about 1.5% mercury. The mining started off at surface and...
International Tower Hill Mines Ltd. March 10 announced that its board has approved US$2.6 million for the 2020 work program at its 11.5-million-ounce Livengood gold project in Interior Alaska. Lying alongside a paved highway about 70 miles north of Fairbanks, Livengood is a near development gold mine project that could produce 6.8 million oz of gold over a 23-year mine life, or roughly 294,100 oz annually, according to a prefeasibility study completed in 2017. This is based...
Alaska Miners Association March 12 announced that due to health risks associated with COVID-19, it is cancelling the AMA spring biennial mining conference that was scheduled to be held in Fairbanks from March 30 through April 4. "We are deeply disappointed that the event cannot be held as planned. However, the World Health Organization has officially declared COVID-19 a pandemic and the state of Alaska has declared a state of emergency. As an industry that holds health and...
Newcrest Mining Ltd. March 11 announced that drilling at the Red Chris mine in northwestern British Columbia has encountered a pod of high-grade mineralization, including one hole that cut 276 meters averaging 1.7% and 3.3 grams per metric ton gold. This intercept cut across a high-grade zone Imperial Metals Corp., Newcrest's joint venture partner at Red Chris, tapped in the mine's East Zone during 2009. This hole, RC09-350, cut 432.5 meters of 2% copper and 3.8 g/t gold....
Crashing markets, quarantines, closed offices and cancelled events are reverberating across the North of 60 Mining sector in the wake of the World Health Organization declaring the coronavirus strain officially known as COVID-19 a global pandemic. At first, the effects of COVID-19 on mining in Alaska and across Canada's North was being felt mainly by the precipitous drop in the share price of mining companies doing business here – a plunge that is being further fueled by a S...
