The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 7 of 7
Dolly Varden Silver Corp. June 11 announced that Eric Sprott and Hecla Mining Company participated in two private placement financings that raised C$7.68 million, which will primarily go towards further exploration and resource expansion at the company's Dolly Varden silver property in northwestern British Columbia. Situated 46 kilometers (29 miles) southeast of Stewart, the Dolly Varden property covers historic high-grade silver mines that date back to the early 20th century....
Resumption of construction of the Tlicho all-season road is good news for Colomac and Nico, two mineral exploration projects in Canada's Northwest Territories. The Tlicho Road is being constructed along an existing winter route that connects the community of Whati to Highway 3, which is roughly 97 kilometers (60 miles) to the south. Construction of the road got under way last September, but activities were halted due to COVID-19 but ramped back up in mid-May. Nighthawk Gold...
Mountain Province Diamonds Inc. June 8 announced it has found a buyer of US$50 million of diamonds in a market otherwise closed to the sale of the gems due to COVID-19. Mountain Province owns a 49% joint venture interest in the Gahcho Kué diamond mine in Canada's Northwest Territories – De Beers Canada Inc. owns the remaining 51%. As its sole producing asset, Mountain Province relies on the sale of its share of Gahcho Kué diamonds to fund its portion of the operation, as wel...
Golden Predator Mining Corp. June 9 announced that it has added two professionals involved with the previous iteration of the Brewery Creek Mine to help the company restart production at this gold operation about 55 kilometers (35 miles) east of Dawson City Yukon. "To fast track the past-producing Brewery Creek Mine we have made a concerted effort to assemble a team with strong knowledge of the project," said Golden Predator Mining CEO Janet Lee-Sheriff. Former Yukon Deputy Mi...
Millrock Resources Inc. and Resolution Minerals Ltd. have resumed the highly anticipated drilling at the 64North project in Alaska's Goodpaster Mining District. The exploration partners got an early start to 2020 exploration on this property immediately west of Northern Star Resources Ltd.'s Pogo gold mine but were forced to idle down the drills due to health and travel concerns related to the COVID-19 pandemic. Drill crews completed one hole at a secondary target, which was s...
White Rock Minerals Ltd. June 10 said a team of geologists is slated to explore the Last Chance prospect in preparation for the first drilling at this gold discovery on the company's Red Mountain project in Interior Alaska. A detailed regional stream sediment program carried out last year led to the discovery of Last Chance, which is located on the west end of White Rock's 216-square-mile (559 square kilometers) property about 60 miles (100 kilometers) south of Fairbanks. Whil...
National Mining Association President and CEO Rich Nolan says the COVID-19 pandemic has exposed the risks associated with America's overreliance on foreign supply chains for nearly every sector of the economy, especially when it comes to minerals. "As states continue to open across the country, we must focus on investing in and establishing domestic supply chains to help speed our economic recovery and make us more resilient to future crises," he penned in a June 9 letter....
