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
Skeena Resources Ltd. April 15 announced it has raised C$33.3 million to continue the advancement of its mineral exploration properties in British Columbia's Golden Triangle. This financing was completed in two tranches. The first tranche, which closed on March 31, involved the sale of 13 million B.C. "super-flow-through" shares at C$1.155 each for gross proceeds of C$15 million. Under a provision of Canada's Income Tax Act, flow-through financings allow Canadian companies to...
Auryn Resources Inc. April 15 published results from a preliminary economic assessment that outlines a 900-metric-ton-per-day mining operation at its Homestake Ridge project in northwestern British Columbia that would produce 590,000 gold-equivalent ounces over a 13-year mine life. The PEA demonstrates the project's potential to become a high-grade, small footprint, underground gold mine with positive economics and upside potential from both a rising gold price and prospective...
Northern Star Resources Ltd. April 16 report that there are three active cases of COVID-19 among the workforce from its Pogo gold mine in Alaska and another three have tested positive for the virus and have recovered. All the Pogo workers with COVID-19 were tested and remain off-site. Northern Star's medical team is monitoring the active cases, which are considered mild-to-moderate and all three workers are improving. The Australia-based mining company has implemented...
In what appears to be a positive turn for the 2020 exploration season in Alaska, Nova Minerals Ltd. is preparing to have drills turning again soon at its 2.5-million-ounce Estelle gold project. The Australia-based explorer mobilized equipment and crews earlier this year to carry out an 18,500-meter 2020 phase-1 program at Estelle. Drilling got underway in February but was quickly wound down due to health concerns and restrictions related to the COVID-19 outbreak. Following a...
On April 6, President Donald Trump issued an executive order for the United States government to work with industries on moving forward with space exploration, and the exploitation of minerals and water discovered to further that cause. This of course has raised concerns from other nations, primarily Russia and China, who tout the Moon Treaty drawn up by the United Nations in 1979. This widely unpopular pact states that space resources are "global domain," which means they...
In an unprecedented deal that offers a bit of good news for gold exploration in Alaska, Doyon Ltd. has invested US$1.5 million (C$2.1 million) to acquire a 16.1% strategic ownership of Tectonic Metals Inc., a junior exploration company currently advancing three gold projects in eastern Alaska. An Alaska Native Claims Settlement Act (ANCSA) regional corporation, Doyon owns 12.5 million acres of land spanning Alaska's Interior, making it the largest private landholder in the sta...
Ascot Resources Ltd.'s vision of bringing commercial gold and silver mining back to Stewart, British Columbia took a major step towards reality with the completion of a feasibility study on breathing new life into the past producing Premier Mine. The feasibility study envisions four mines in the Stewart area – Silver Coin, Big Missouri, Red Mountain and Premier – providing ore to the existing 1990s era mill at Premier. With the mill operating at 2,500 metric tons per day, thi...
Looking "to chart the path forward toward a future of unparalleled American prosperity" in the wake of the COVID-19 pandemic, President Donald Trump has pulled together a wide array of business and thought leaders into various "Great American Economic Revival Industry Groups." National Mining Association President and CEO Rich Nolan was named among the esteemed leaders to the United States economic recovery group. "We appreciate President Trump's leadership during this...
