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
The U.S. Army Corps of Engineers has added 33 days to the comment period for the draft environmental impact statement for Donlin Gold, providing area residents and other interested parties more time to review the lengthy document and offer informed input on the enormous gold mine project proposed for the Yukon-Kuskokwim region of Southwest Alaska. The Donlin Gold Mine being considered in the draft EIS includes a 53,500-metric-ton-per-day mill that is expected to produce an...
Millrock Resources Inc. May 4 unveiled plans to raise up to C$3.5 million through a non-brokered private placement of up to 12.1 million units priced at C29 cents apiece. Each unit will consist of one common share and one purchase warrant. Each warrant will entitle the holder to purchase one additional common share at C44 cents for a term of three years. Finder's fees of six percent cash, or the equivalent in units, may be paid in connection with this financing. Millrock said...
Freegold Ventures Ltd. May 2 said it has filed a preliminary short form prospectus in connection with plans to raise at least C$3 million. The offering will be conducted on a best-effort basis through Paradigm Capital Inc., acting as agent. The company is offering between 16.67 million and 55.56 million units at C18 cents each. This will raise a minimum of C$3 million and up to C$10 million, if the maximum offering is completed. Each unit consists of one Freegold share and...
TerraX Minerals Inc. May 4 reported results from a six-hole drill program at Homer Lake area of its Yellowknife City Gold Project in the Northwest Territories. Two holes targeted a previously untested north-striking quartz vein and sulfide gold zone that crosses the Homer Lake base metal structure. THL16-008 cut 15.91 meters averaging 1.78 grams per metric ton gold; and THL16-009 cut 18.19 meters averaging 1.2 g/t gold. These holes, testing a gold-silver zone identified in...
Stakeholder Gold Corp. May 5 said GroundTruth Exploration Inc. will be carrying out exploration at its Ballarat gold project located in the White Gold District of Yukon Territory. The work will start with a drone-generated, high-resolution topographic survey of the entire property. The Northwest zone - which has seen detailed conventional soil sampling, limited trenching and diamond drilling - will be further tested along two mineralized trends. Only a portion of a...
Athabasca Nuclear Corp. May 2 said it has entered into a binding letter of intent with North Arrow Minerals Inc. to acquire the Torp Lake and Phoenix lithium properties. The Torp Lake project covers 1,003 hectares (2,478 acres) near tidewater in the north Slave region of Nunavut. The Torp Lake Project hosts the McAvoy lithium-rich pegmatite contained in the mineral spodumene. Past channel sampling of pegmatite at McAvoy has returned six meters grading 4.5 percent lithium...
Agnico Eagle Mines Ltd. April 28 reported good progress on a plan of transitioning to processing ore from its Amaraq deposit in Nunavut once mining is completed at the Meadowbank gold mine, expected near year's end 2018. During the first quarter of 2016, the Meadowbank mill processed an average of 10,390 metric tons per day gold ore, roughly 5.6 percent less than the 11,006 tpd averaged during the same period a year earlier. Agnico attributes the drop primarily to replacement...
Seabridge Gold Inc. April 29 reported the closing of a C$8.7 million cross-border public offering. Completed by a syndicate of underwriters led by Canaccord Genuity Corp., the offering included 450,000 Seabridge common shares at C$17.40 each, plus a fully exercised over-allotment option to purchase 50,000 shares at the same price. Seabridge said it intends to use the proceeds to continue to advance its KSM gold-copper project in northwestern British Columbia and for general...
