The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 7 of 7
Benchmark Metals Inc. March 11 reported that its 2018 drill program has tapped gold and silver mineralization up to 350 meters southeast from the Cliffs Creek mineral resource area on the Lawyers project in northern British Columbia. Located about 45 kilometers (28 miles) northwest of the Kemess copper-gold mine project, Lawyers is home to a small underground mine that produced 171,200 ounces of gold and 3.6 million oz of silver over a four-year period beginning in 1989. This...
Northern Dynasty Minerals Ltd. March 12 announced plans to raise US$10 million to continue permitting and stakeholder engagement for its Pebble copper-gold-molybdenum project in Southwest Alaska. Cantor Fitzgerald Canada Corp. has agreed to lead a syndicate of underwriters, which also includes BMO Capital Markets, H.C. Wainwright & Co., LLC. and TD Securities Inc., to purchase, on a bought deal basis, 15.63 million Northern Dynasty common shares at US64 cents per share, for...
Graphite One Resources Inc. March 13 announced that it has received requisite approvals to change its name to Graphite One Inc. and consolidate its shares on a 10-to-1 basis. While developing Graphite Creek property in western Alaska is still a part of Graphite One's plans, the new name reflects Graphite One's transition to a technology and advanced materials manufacturing company that refines graphite mined at Graphite Creek into the materials needed for lithium-ion...
Redstar Gold Corp. March 12 announced that John Gray, a geologist with 25 years of experience, is to be the company's new president. Before agreeing to join Redstar, Gray served as CEO of Verde Resources, a junior exploration company that is currently in transition. He previously served as CEO of Tesoro Minerals and African Aura Resources. "We are confident that John will bring the same energy, diligence and professionalism that he successfully brought to his previous...
Seabridge Gold Inc. March 12 reported its 2018 drilling has added nearly 8 million ounces of gold and 4 billion pounds of copper to Iron Cap, one of four deposits that make up the company's KSM project in British Columbia's Golden Triangle. Iron Cap now hosts 423 million metric tons of indicated resource averaging 0.41 grams per metric ton (5.58 million oz) gold, 0.22 percent (2.05 billion lb) copper, 4.6 g/t (62.56 million oz) silver and 41 parts per million (38 million lb)...
White Gold Corp. plans to invest C$13 million this year on exploration across its 439,000 hectares (1.1 million acres) of lands that blanket some 40 percent of Yukon's famed White Gold District. This program includes follow-up drilling at the exciting Vertigo gold discovery on the JP Ross property; resource expansion drilling on the White Gold and newly acquired QV properties; and regional exploration on priority targets across the company's expansive land package. White Gold...
Newcrest Mining Ltd. has cut a deal to buy a majority position in Imperial Metals Corp.'s Red Chris copper-gold mine in northern British Columbia, which will be the Australian gold miner's first operation north of the equator. In a deal announced by the company on March 10, Australia's largest gold producer has agreed to pay Imperial Metals US$806.5 million in cash to acquire a 70 percent stake in Red Chris, not a bad sum considering the 13 billion pounds of copper and 20 mill...
