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
Constantine Metal Resources Ltd. June 3 reported that field crews have mobilized for the start of its 2015 drill program at the Palmer copper-zinc-silver-gold in Southeast Alaska. Roughly 6,000 meters of drilling is planned for this US$5 million program funded by partner Dowa Metals & Mining Co. Ltd. Drilling will focus on resource growth, with holes targeting lower elevations of the recently updated inferred mineral resource of 8.1 million metric tons grading 1.41 percent...
TerraX Minerals Inc. June 9 reported the start of field work on the Yellowknife City Gold Project with the assistance of technical staff from Osisko Gold Royalties Ltd. This cooperative work follows Osisko's agreement to invest C$2.5 million in TerraX by way of a private placement currently being finalized. The field work, which is focused on mapping structurally controlled gold targets identified by geophysical and geological programs, will help prioritize drill targets for...
Pretium Resources Inc. June 9 reported development and exploration activities planned for its Brucejack gold project in northwestern British Columbia. Underground development in the Valley of the Kings is continuing, with the first ventilation raise under development. Engineering for the transmission line is in the latter stages of completion, and the company said construction power will be in place for site construction start-up, with bulk earthworks and transmission line construction planned to commence on receipt of permit...
North Arrow Minerals Inc. June 9 reported that a parcel of 383.55 carats of diamonds greater than +1DTC (about 1 millimeter) recovered from a bulk sample collected at the Qilalugaq Diamond Project was valued at US$13,795, or US$36 per carat. A modeled range of possible values also was calculated with a "possible low" model price of US$43 per carat and a "possible high" model price of US$92 per carat. "The diamond parcel recovered from the Q1-4 bulk sample is very small and,...
Kaminak Gold Corp. June 4 provided results from follow-up drilling at Kona North and Dolce, new gold discoveries at the Coffee gold project in the Yukon Territory. CFR0976, a recent step-out hole at Kona North, cut 50.3 meters averaging 2.43 grams per metric ton gold, the best intercept to date from this zone. Kona North, which lies less than 1,000 meters north of the main Kona deposit, is associated with a 1,800-meter-long gold-in-soil anomaly of which only 300 meters has bee...
British Columbia Energy and Mines Minister Bill Bennett June 4 said the province will provide C$5 million in funding to Geoscience BC, a non-profit society formed in 2005 to help further mineral and energy geoscience initiatives in British Columbians. The data collected by Geoscience BC provides the public and industry with advanced knowledge of mineral and energy development potential in the province. The Association for Mineral Exploration British Columbia, which advocated...
A group of mining companies June 9 unveiled a massive consolidation of gold exploration properties spanning much of Canada, from Quebec to Yukon Territory. The deal involves the merger of five gold exploration companies - Oban Mining Corp., Eagle Hill Exploration Corp., Temex Resources Corp., Corona Gold Corp. and Ryan Gold Corp. - backed by funding and technical support from Osisko Gold Royalties Ltd. Ryan Gold President and CEO Mark Goodman said, "I am very pleased to bring...
WestMountain Gold Inc. has cut a debt-restructuring and financing deal that will allow it to continue to mine for high-grade gold at its Terra Project located at the southwestern end of the Alaska Range. "We are pleased to announce that we are commencing operations at the Terra Project for the 2015 mining season, and we look forward to building on our success from last year's production," said WestMountain CEO Greg Schifrin. Over the previous three seasons, WestMountain has...
