The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 9 of 9
Osisko Metals Inc. May 29 reported additional high-grade zinc and lead results from its 2018 winter drill program along the East Mill Zone trend of its Pine Point project in Northwest Territories. The 11 holes reported were drilled in the area of K-35, one of several deposits mined by Cominco Ltd. from 1964 to 1987. The historic Pine Point Mine involved a series of 50 surface and underground deposits along a 60-kilometer (37 miles) trend. In all, Cominco discovered roughly 90...
Blind Creek Resources Ltd. June 1 completed an arrangement to spin its Engineer gold mine project into Engineer Gold Mines Ltd., a Toronto Venture Exchange listed subsidiary that will advance exploration and development of the high-grade gold mine project in northwestern British Columbia. Located about 32 kilometers (20 miles) southwest of Atlin, the historic Engineer Mine produced 18,000 ounces gold and 9,000 oz silver from ore averaging 39 grams per metric ton gold and 18...
Klondike Gold Corp. May 24 said drilling is now underway at the company's 527-square-kilometer (203 square miles) Klondike District gold project near Dawson City, Yukon. The 2018 program is slated to include at least 5,000 meters of drilling aimed to gain a better understanding of the property's larger potential by systematically testing for gold mineralization along a trend that spans the entire property, from the Lone Star zone to the newly discovered Gold Run target, about...
ATAC Resources Ltd. May 29 announced that it has raised C$4.5 million for a roughly 10,000-meter drill program at Osiris, one of three projects that make up the 1,700-square-kilometer (656 square miles) Rackla Gold property in the Yukon. Originally announced as a C$3 million financing, ATAC's oversubscribed private placement involved the issuance of 7.56 million flow-through shares at C$60 cents each. Under a provision of Canada's Income Tax Act, flow-through financings allow...
White Gold Corp. May 30 reported it has drills turning at White Gold and Betty, two of the Yukon-focused explorer's highest priority properties. "This is a very exciting time for the company as we begin work on two of our top priorities," said White Gold Corp. CEO David D'Onofrio. A resource calculated earlier this year for the White Gold property outlines 12.32 million metric tons of indicated resource averaging 2.43 grams per metric ton (961,000 ounces) gold; plus 5.16 milli...
Trilogy Metals Inc. May 28 said it is gearing up for another busy field season at its Upper Kobuk Mineral Projects in the Ambler Mining District of Northwest Alaska. The US$16.7 million of work programs budgeted for UKMP in 2018 will focus on gathering the data to advance the Arctic project towards feasibility and permitting, as well as drilling to expand and upgrade the large copper resource at Bornite. As crews continue to advance these large and high-grade metals deposits,...
Graphite One Resources Inc. May 28 announced that it has raised C$2.1 million, which will help fund exploration and development of its Graphite Creek project north of Nome, Alaska, and for general working capital purposes. This non-brokered private placement financing involved the issuance of 30.62 million units at C7 cents each. Each unit consists of a Graphite One share and a transferable warrant that entitles the holder to purchase one company share for C12 cents for up to...
Grande Portage Resources Ltd. May 28 filed an NI 43-101-compliant technical report with an updated resource estimate for the company's Herbert Gold project in Southeast Alaska. Incorporating the results from 12 holes drilled last year, the first drilling at Herbert Gold since 2012, the updated estimate outlines 1.1 million metric tons of indicated resource averaging 7.25 grams per metric ton (267,950 ounces) gold; and 423,200 metric tons of inferred resource averaging 6.04 g/t...
PolarX Ltd. is ready to kick off the initial phase of its 2018 drill program at its Alaska Range copper-gold project. Encompassing the Stellar and Caribou Dome properties, the Alaska Range blankets a 22-mile mineralized trend that hosts Zackly, a high-grade skarn deposit with roughly 91 million pounds of copper and 213,000 ounces of gold; Caribou Dome, a sediment-hosted deposit with 280 million pounds of copper; and numerous exploration targets. The initial 23-hole program...
