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
CopperBank Resources Corp. June 5 announced plans to complete at least 1,500 meters of drilling at its Pyramid copper-gold-molybdenum project in Southwest Alaska. The Pyramid project covers 94,830 acres of Aleut Native Corporation lands on the Alaska Peninsula. This property hosts 122 million metric tons of inferred resource averaging 0.41 percent copper, 0.1 grams per metric ton gold and 0.021 percent molybdenum. While completed by a reputable engineering firm in 2013, CopperBank is not treating this historical estimate as...
Victoria Gold Corp. June 5 reported results from the first 22 holes drilled into the Eagle West zone, a new Dublin Gulch target immediately adjacent to the Eagle Gold deposit. Highlights from these initial holes include 21.3 meters of 2.11 grams per metric ton gold in hole DG17-805C; 21 meters of 0.88 g/t gold in DG17-783C; and 16.2 meters of 0.85 g/t gold in DG17-779C. The company said these results show the potential to add gold to the development phase Eagle Gold mine project. The 2017 Dublin Gulch exploration program has...
Strikepoint Gold Inc. June 7 reported the start of its first exploration program at Mahtin, a Yukon gold project about 40 kilometers (25 miles) southwest of Victoria Gold's Eagle Gold mine project. Early in 2017, Strikepoint cut a deal to acquire 22 Yukon properties from IDM Mining that have been the target of roughly C$25 million of exploration by Ryan Gold Corp. Of these, Strikepoint has selected three - Mahtin, Pluto and Golden-Oly - as ready to be drilled. In preparation for the arrival of a drill to Mahtin, an...
Independence Gold Corp. May 31 announced plans for a C$2-million exploration program in the Yukon this year that will include drilling at its Boulevard gold project, adjacent to Goldcorp's Coffee project, and geochemical sampling on several of the company's Yukon properties and other property acquisitions. Goldcorp has invested in Independence and currently owns 19.9 percent of the exploration company. During the 2017 program, Independence plans to continue systematically...
Victoria Gold Corp. June 7 reported that a reduction in the Yukon corporate tax has improved the economics of its Eagle Gold project. In April, Yukon Finance Minister Sandy Silver announced that Yukon's general corporate tax rate will be lowered from 15 to 12 percent. A recalculation on the economic parameters detailed in a 2016 feasibility study for Eagle Gold shows that the after-tax net present value (5 percent discount for developing a mine there increases from C$508 million to C$527 million under the new tax structure;...
Having outlined 1.26 million ounces of gold, 5.11 million oz of silver and 39.6 million pounds of copper in the measured and indicated resource category at the Peak deposits, Royal Gold and Contango Ore are now looking for new zones of similar high-grade gold mineralization at other prospect across theTetlin gold project near Tok, Alaska. “Having discovered and now defined a substantial body of ore, our drilling plans for the summer of 2017, which commenced in mid- May, are ta...
ATAC Resources Ltd. June 5 reported the start of a C$10-million exploration program at its Rackla Gold project in the Yukon. The company currently has two drills targeting Carlin-type gold targets at the Conrad zone at the eastern end of the 1,742-square-kilometer (673 square miles) Rackla property. Following the completion of an earn-in agreement with Barrick Gold Corp. in April, Atac divided the roughly 185-kilometer- (115 miles) long Rackla property into three projects - Ra...
Triumph Gold Corp. (formerly Northern Freegold Resources) June 7 announced the start of a 13,000-meter drill program at its Freegold Mountain gold-copper project in the Yukon. This drilling is testing a number of new targets identified last year. The 2016 program, which was focused on identifying geological controls on mineralization at the Revenue and Nucleus porphyry deposits, identified an early stage of porphyry-style mineralization that was not targeted during past explor...
Endurance Gold Corp. June 5 reported the start of this year's exploration program at its Elephant gold property in Interior Alaska. This work will start with an induced polarization and magnetic ground geophysical survey. The geophysical crew is expected to mobilize to Elephant before the end of June. Endurance will also carry out additional prospecting, trenching, and soil and rock sampling at Elephant, Trout and Wolverine, the three properties that make up the Elephant project. Results from the ground geophysical program...
Fireweed Zinc Ltd. May 29 announced the completion of a C$4 million initial public offering and the start of trading on the TSX Venture Exchange. Fireweed is a new exploration company that has an option to acquire Macmillan Pass, a major advanced zinc-lead project in eastern Yukon. Macmillan Pass includes two large zinc-lead-silver deposits known as Tom and Jason. Together, these deposits historical resources of 6.43 million metric tons averaging 6.33 percent zin, 5.505...
