The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 12 of 12
Dolly Varden Silver Corp. May 8 published an updated mineral resource estimate for its namesake silver property south of Stewart, British Columbia. The four deposits at Dolly Varden – Torbrit, Dolly Varden, Wolf and North Star – host 3.42 million metric tons of indicated resource averaging 299.8 grams per metric ton (32.93 million oz) silver; plus 1.29 million metric tons of inferred resource averaging 277 g/t (11.48 million oz) silver. These four deposits are associated with...
Sabina Gold & Silver Corp. May 6 reported the delivery of equipment and supplies across the first winter ice road connecting a newly developed port facility on Bathurst Inlet to the company's Back River gold mine project in Nunavut. A 2015 feasibility study details plans for developing three deposits at Goose, one of seven properties that make up Sabina's larger Back River project. Ore from these deposits would feed a 3,000-metric-ton-per-day mill forecast to produce an...
Victoria Gold Corp. May 7 reported that construction of Eagle Gold is 90 percent complete and Yukon's next major mine is slated to pour its first gold before the end of the year. "With construction activities on the verge of completion and operations well advanced, the Eagle Gold Mine is nearing reality," said Victoria Gold President and CEO John McConnell. "The mine is ahead of schedule and ready to deliver tremendous value for all Victoria stakeholders for many years to...
GT Gold Corp. May 9 announced that Newmont Goldcorp Corporation has agreed to invest C$17.6 million into an upcoming financing, a strategic investment that will accelerate the exploration and development of the Saddle North and Saddle South targets on GT Gold's Tatogga property in northwestern British Columbia. "Newmont Goldcorp's investment is a significant milestone for GT Gold and represents a strong endorsement of our Tatogga property and recognizes the area's appeal as a...
Alianza Minerals Ltd. May 8 said it plans to refine targets at Haldane in preparation for a drill program slated for August at this high-grade silver target in Yukon's historic Keno Hill Mining District. Located about 25 kilometers (16 miles) west of Keno City, Haldane was first recognized for its high-grade silver mineralization more than 100 years ago. Underground mining that began in 1918 produced roughly 24.7 metric tons of hand-sorted ore averaging 3,102 grams per metric...
Osisko Metals Inc. May 8 said that recent tests show that ore sorting shows the potential to reduce the costs to transport and process ore at a future mine at its Pine Point zinc project in Northwest Territories. Ore sorting, which identifies and rejects unmineralized rock prior to feeding ore into a mill, is gaining popularity as a means to improve ore grades and reduce processing costs at mines. Osisko sent 800 kilograms (0.8 metric tons) of mineralized samples from Pine Poi...
Grande Portage Resources Ltd. May 7 announced a significant expansion of resources at its high-grade Herbert Gold project in Southeast Alaska. Herbert Gold now hosts 1.88 million metric tons of indicated resource average 10.03 grams per metric ton (605,000 ounces) of gold. This is more than double the 267,950 oz of gold reporting to the indicated category in a resource calculated for the Juneau area gold project in 2018. In addition, Herbert Gold hosts 553,429 metric tons of...
Kinross Gold Corp. May 7 reported that the Fort Knox Mine in Interior Alaska produced 37,613 ounces of gold during the first three months of 2019, less than half the 79,928 oz of gold produced during the same period last year. The lower production resulted in a significant rise in costs at this open-pit operation about 25 miles north of Fairbanks. The cost for each ounce of gold sold during the first quarter was US$1,023, compared to US$530/oz during the first three months of...
The U.S. Army Corps of Engineers – Alaska District May 3 announced that it has extended the public comment period for the draft environmental impact statement (EIS) for the Pebble copper-gold-molybdenum mine project in Southwest Alaska to June 29. This provides an added 30 days to the comment period, bringing the total length of time for the public to submit their comments on the project to 120 days. In late April, U.S. Senator Lisa Murkowski (R-Alaska) sent a letter asking t...
Since its formation in 1999, Seabridge Gold Inc. has amassed very large gold resources and reserves while keeping a watchful eye on the number of shares it has issued. In its 2018 annual report, this Toronto-based exploration company said this has positioned the company well in a world of dwindling gold reserves. "The simple truth is that the industry is not finding gold at the rate it needs to. We are," Seabridge Gold Chairman and CEO Rudi Fronk penned in the report. Over...
Crown-Indigenous Relations and Northern Affairs Canada (CIRNAC) has sold the abandoned Mount Nansen Mine to Alexco Environmental Group and JDS Energy and Mining. Mount Nansen is the site of a historical gold and silver mine that was owned by BYG Natural Resources Inc. Unable to meet the requirements of its water license, BYG ceased mining and appointed a receiver who abandoned the property in 1999. Situated about 60 kilometers (37 miles) west of the community of Carmacks and...
U.S. Sen. Lisa Murkowski (R-Alaska) and Joe Manchin (D-West Virginia) have teamed up to introduce bipartisan legislation aimed at addressing America's "Achilles' heel" – a heavy dependence on foreign countries for its growing mineral needs. "Our nation's mineral security is a significant, urgent, and often ignored challenge. Our reliance on China and other nations for critical minerals costs us jobs, weakens our economic competitiveness, and leaves us at a geopolitical d...
