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
Seabridge Gold April 11 reported that an independent geotechnical review board has completed its first review of the KSM project's tailing management facility and water storage dam and concluded the designs are appropriate. The board, an eight-member panel established early in 2015, has unimpeded access to all technical data necessary to enable them to assess KSM's proposed tailings facility and dam on an ongoing basis, and to ensure these structures meet internationally...
TerraX Minerals Inc. April 13 released results from nine holes drilled at the Sam Otto gold target on the Walsh Lake property of its Yellowknife City Gold Project in the Northwest Territories. This zone had not previously been tested by TerraX, but had sporadic drilling reported from the 1980s and 1990s. TerraX said the holes drilled at Sam Otto cut wide, pervasive and persistent zones of mineralization. Highlights from this drilling include: 49.7 meters of 1.00 grams per...
On March 28, 2016, six days after the U. S. Supreme Court rendered its unanimous opinion in the matter of "Sturgeon v. Frost," I offered testimony before the U.S. Senate Energy and Natural Resources Committee on behalf of the Alaska Miners Association. My testimony concerned six specific statutory recommendations for resolving many of the ongoing issues Alaskans are laboring under as the result of wrong-headed interpretations by the four major federal land-managing agencies...
Millrock Resources Inc. April 7 reported that it paid Corvus Gold Inc. US$25,000 for the mining claims that make up the Chisna copper-gold project in Alaska. Along with 100 percent interest in the project, Millrock purchased an exclusive copy of a proprietary exploration database covering the claims and the surrounding district. The data represents an estimated US$11 million worth of exploration work that demonstrates the potential for large copper-gold porphyry deposits. The...
Aura Silver Resources Inc. April 12 said Agnico Eagle Mines Ltd. is planning a third season of exploration on Aura's Greyhound property located some 35 kilometers (22 miles) south of Agnico's Meadowbank gold mine in Nunavut. A ground magnetic resonance survey of the property is currently underway. This detailed survey will cover roughly an area of about 8,000 meters by 3,000 meters that includes a broad area to the east of the all-weather Meadowbank road (running through the...
Northquest Ltd. April 8 reported an initial resource estimate for the Vickers Zone of its Pistol Bay gold project in eastern Nunavut. Based on 17,240 meters of drilling in 69 holes, Vickers encompasses 7.79 million metric tons of inferred resource averaging 2.95 grams per metric ton (739,000 ounces) gold. This resource is contained in seven domains within the Vickers Zone. Roughly 75 percent of this inferred resource - 5.62 million metric tons averaging 3.09 g/t (558,000 oz.)...
Goldstrike Resources Ltd. April 7 reported the closing of the final tranche of a C$3.03 million non-brokered private placement. As a result, the company issued 5,470,014 flow-through units at C17 cents each on March 21; 16,167,517 non-flow-through units at C13 cents each on March 24; and 4,461,538 non-flow-through units on April 5. Each flow-through unit included one flow-through common share and one purchase warrant exercisable to purchase one non-flow-through share for C30...
Peregrine Diamonds Ltd. April 7 reported that the 2015 exploration program at its Chidliak diamond project in Nunavut has significantly increased the mineral resource for the CH-6 kimberlite pipe. The upper 260 meters of CH-6 now contains 4.64 million metric tons of inferred resource averaging 2.45 carats per metric ton (11.39 million carats) diamonds. This marks a 40 percent increase in tonnage and 33 percent increase in contained diamonds compared to a resource calculated early in 2015. The updated resource includes a newly...
Brixton Metals Corp. April 7 reported the closing of the first tranche of a non-brokered private placement financing consisting of 6,233,000 units for C10 cents each and 4 million flow-through shares at C10 cents each for aggregate gross proceeds of C$1,023,300. Each unit consists of one common share and one transferable purchase warrant exercisable into one common share of the company at a price of C15 cents per share for a period of 36 months from the closing date. Robert...
While not the official theme of the Arctic International Mining Symposium, the notion that Alaska is different was an undertone that permeated every facet of the Alaska Miners Association's spring mining convention in Fairbanks. Alaska's extraordinary mineral endowment and the unique physical challenges of realizing this potential in a vast and underdeveloped Arctic state are traditional topics for discussion at this biennial gathering in the "Golden Heart City." This year,...
