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
Mountain Province Diamonds Inc. April 13 completed its acquisition of Kennady Diamonds Inc. in an all-share deal worth roughly C$176 million. Kennady Diamonds owns Kennady North, a rapidly advancing diamond project about seven kilometers (4.5 miles) northeast of Gahcho Kué – a mine owned by Mountain Province (49 percent) and De Beers Canada (51 percent). Since being spun out of Mountain Province in 2012, Kennady has identified a series of diamond-rich kimberlites along a co...
Dunnedin Ventures Inc. April 18 announced that it has raised C$2.08 million to further exploration of its Kahuna diamond project in Nunavut and has received conditional approval from the TSX Venture Exchange to spin out Solstice Gold Corp., which will be exploring the gold potential that has been identified at Kahuna. The money raised by Dunnedin included the issuance of 5.34 million non-flow-through units at C30 cents each and 250,000 flow-through units at C40 cents each. All units include one Dunnedin share and half of a...
Victoria Gold Corp. April 16 announced that it received an initial C$174 million of a C$505 million financing package the company put together for the development of the Eagle Gold Mine project on its Dublin Gulch property in the Yukon. This financing package involves two credit facilities totaling US$175 million (roughly C$220 million); a private placement of Victoria common shares to two separate subscribers for a total of C$125 million; a C$98 million royalty financing;...
Rockhaven Resources Ltd. April 18 reported that the latest results from ongoing metallurgical work returned improved gold recoveries from several of the mineralized zones at its road accessible Klaza property in southern Yukon. These zones will be the focus of an updated mineral resource estimate that will incorporate the results from roughly 20,000 meters of additional expansion and in-fill drilling completed over the last couple of years. "We are extremely excited about the...
Ascot Resources Ltd. April 19 said a 45,000-meter drill program is now underway at Premier-Dilworth, which blankets more than 100 square kilometers (38.6 square miles) of gold, silver and base metals deposits and prospects in British Columbia's Golden Triangle. This land package still has infrastructure from the Premier Mine – a past-producer of 2.1 million ounces of gold and 44.9 million oz silver – including mill, assay lab building, crusher, tailing storage area and und...
Kutcho Copper Corp. and Tahltan Central Government April 17 said they have entered into exploration and communication agreements aimed at building a positive and mutually beneficial working relationship on the Kutcho copper project in northwestern British Columbia. About 100 kilometers (62 miles) east of Dease Lake, Kutcho project is an advance staged copper exploration project in Tahltan First Nation traditional territory, which blankets roughly 93,500 square kilometers...
Alaska Department of Natural Resources April 19 announced that it is taking steps to reestablish the Bristol Bay Advisory Group, originally created to provide input on the 1984 Bristol Bay Area Plan. By reestablishing the group, DNR said it intends to foster dialogue on land use, resource management, and regulatory matters under state purview in the Bristol Bay region of Southwest Alaska. Plans to develop a mine at the Pebble copper-gold-molybdenum deposit on state lands in th...
New Age Metals Inc. April 18 announced that it has signed an agreement with Anglo Alaska Gold Corp. to acquire full ownership of the Genesis, a 10,240-acre, drill-ready platinum group metal project about 75 highway miles north of the all-weather port city of Valdez. "NAM (New Age Metals) uses the prospector generator model and after the preliminary field work and additional ground proofing, our objective is to find an option/joint venture partner to further the development of...
Riversgold Ltd. April 18 said it is putting together plans to accelerate drilling at gold properties in Southwest Alaska and Australia in the coming months. "We have been working behind the scenes on advancing a number of our projects in WA (Western Australia) and South Australia, whilst also preparing ourselves for the upcoming Alaskan field season," said Allan Kelly, managing director, Riversgold. "We have also picked up some fantastic new projects in WA and Alaska and look...
A US$28.7 million financing that closed today provides Trilogy Metals Inc.the funds to take major strides in achieving its goal of beginning to develop the vast mineral potential that the world-class Ambler Mining District in Northwest Alaska has to offer. In a deal announced on April 16, a syndicate of underwriters led by Cantor Fitzgerald Canada Corp. –including Cormark Securities Inc., BMO Capital Markets and Roth Capital Partners – has agreed to buy on a bought deal, und...
