The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 11 of 11
Skeena Resources Ltd. April 3 announced the start of an 11,000-meter underground drill program at its Snip gold project in British Columbia's Golden Triangle. The historic underground mine at Snip, which Barrick Gold operated from 1991 to 1999, produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per metric ton gold. Skeena optioned this project from Barrick early in 2016 and completed roughly 7,180 meters of surface drilling that...
North Arrow Minerals Inc. April 5 announced the discovery of a new kimberlite during a 607-meter drill program carried out this winter at the company's Loki diamond project in the Lac de Gras region of Northwest Territories. Roughly 19 miles (30 kilometers) southwest of the Ekati Mine and 15 miles (24 kilometers) west of the Diavik Mine, Loki is found in a region known for its rich diamond deposits. North Arrow narrowed down the drill targets at Loki with surface sampling...
Governments around the world are collaborating to focus on addressing Climate Change and Global Warming. The Paris Climate Accord adopted numerous measures to "limit a global temperature rise this century below 2 degrees Celsius above pre-industrial levels". Although there are many things that can be done to address climate change, the most meaningful and obvious is to use cleaner forms of energy and transportation. Alaska has shown the world how energy resources can be...
Kutcho Copper Corp. April 4 said it has received a US$3.5 million advanced payment from Wheaton Precious Metals Corp., the first payment of US$7 million under an August 2017 precious metals purchase agreement between Kutcho and Wheaton. Under this agreement Wheaton will pay Kutcho US$65 million for up to 100 percent of the payable silver and gold production from the Kutcho copper-zinc-silver-gold project in northwest British Columbia. Additionally, the precious metals...
Aston Bay Holdings Ltd. March 29 reported the closing of the third tranche of a C$4.47 million financing, providing the company with funds for a 2018 exploration program at the Storm Copper and the Seal Zinc projects on Somerset Island, Nunavut. In this third tranche of the financing, Aston Bay raised C$2.25 million through the issuance of 12.8 million units at C15 cents each and 2.1 million flow-through shares at C16 cents each. Each unit consists of one common share of the...
Solitario Zinc Corp. April 3 announced that Teck Resources Ltd. will be co-funding the 2018 exploration program at Lik, marking the first time Teck has been directly involved in advancing the zinc project in Northwest Alaska. Teck has long held a 50 percent interest in Lik, a promising zinc-lead-silver project about 14 miles northwest of Red Dog, a world-class zinc mine operated by the Vancouver, B.C.-based miner. Zazu Metals, which owned the remaining 50 percent of Lik until...
Northern Dynasty Minerals Ltd. April 5 reported that the deadline of the framework agreement for First Quantum Minerals Ltd. to join the Pebble Partnership has been extended from April 6 to April 30. The framework agreement entered into last December provides First Quantum with the option to earn a 50 percent interest in the Pebble Partnership for US$1.5 billion, which includes a US$150 million initial investment, made in four equal payments of US$37.5 million, to fund...
ATAC Resources Ltd. April 4 outlined plans for roughly 20,000 meters of drilling at the Rackla Gold property in the Yukon. At roughly C$13 million, this program included a C$6 million investment by Barrick Gold Corp. for exploring the Orion gold project at the center of the massive Rackla property and C$7 million from ATAC, which will explore Osiris and Rau, located on the east and west ends of Rackla, respectively. "We are excited to get started on what will be the largest...
While Pogo has surpassed its original life expectancy of 10 years and 3 million ounces of gold, the air of excitement emanating from the miners, geologists and management indicates that mining is just getting started at this high-grade underground gold mine in the heart of Alaska's Interior. Churning out 271,273 oz of gold from roughly 950,000 tons of ore in 2017, Pogo is on pace to pour its 4-millionth ounce of gold early in 2019 and based on current estimates would have enou...
Contango ORE Inc. April 4 announced that Peak Gold LLC, a joint venture between Contango and Royal Gold Inc., has budgeted US$9.1 million for an initial phase of exploration at the Peak Gold (formerly Tetlin) project near the town of Tok in eastern Alaska. Contango ORE discovered the metals potential of Peak Gold while surveying the area for natural gas in 2008 and by 2014 had outlined a high-grade skarn deposit at the Peak zone with more than 1 million gold-equivalent...
New Age Metals Inc. April 14 announced that it has signed a binding letter of intent with Avalon Development Corp. for acquiring and exploring platinum group metals and rare earth projects in Alaska. "We are pleased to partner with Avalon Development Corp. and its president Mr. Curt Freeman in Alaska," said New Age Metals Chairman and CEO Harry Barr. "The LOI accomplishes another milestone in 2018 for NAM which was to find a new mining jurisdiction and a qualified consulting...
