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
Skeena Resources Ltd. June 14 reported results from an additional 11 holes drilled during the second phase of the company's underground drill program at the historic Snip gold mine in the Golden Triangle region of northwestern British Columbia. Operated by Barrick in the 1990s, the Snip Mine produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per metric ton gold. Skeena, which optioned the project from Barrick, completed 7,180 meters...
GT Gold Corp. June 14 named Steve Burleton, a seasoned mining executive with significant experience in capital raising and corporate development as the gold exploration company's new president and CEO. "I am thrilled to be joining the GT Gold team – a team which has made great strides in advancing the Saddle discovery since going public over a year ago," said Burleton. Burleton replaces Kevin Keough, who stepped down as GT Gold's top executive and board member. "It has been a...
Pembridge Resources plc June 11 announced that it has signed a terms agreement with a leading global Japanese trading house that will provide the England-based company US$30 million in exchange for an offtake agreement for 125,000 metric tons of copper concentrate to be produced at the Minto Mine in the Yukon. In February, Pembridge cut a deal with Capstone Mining Corp. to acquire Minto for US$37.5 million in cash, plus working capital adjustments, and common shares...
Golden Predator Mining Corp. June 14 said it will be testing for high-grade gold across the wider 3 Aces project with a 2,500-meter drill program at the Sprogge area of this 357-square-kilometer (138 squares miles property in southeast Yukon. Late in 2017, Golden Predator cut deals with Alexco Exploration Canada Corp. and Newmont Canada Corp. to buy full ownership of Sprogge, a large gold property immediately southeast of the original 3 Aces property. Golden Predator said...
Nighthawk Gold Corp. June 13 reported a 24 percent increase in the gold resource for the Colomac gold project at the company's Indin Lake property in Northwest Territories. Incorporating the results from 913 historical holes and 175 holes completed by Nighthawk from 2012 through 2017, Colomac now hosts 50.3 million metric tons of inferred resource averaging 1.62 grams per metric ton (2.61 million ounces) of gold. Located about 160 kilometers (100 miles) north of Yellowknife,...
ZincX Resources Corp. (formerly Canada Zinc Metals) June 7 announced plans for a 2,500-meter drill program focused on exploration targets at Akie, one of 11 zinc-lead-silver properties owned by the company that blanket 79,870 hectares (197,359 acres) of the Kechika SEDEX (sedimentary exhalative) belt in northeastern British Columbia. ZincX has divided this land package into two projects – Akie, which hosts the Cardiac Creek deposit, and the Kechika regional, a series of p...
Graphite One Resources Inc. June 11 named Stanley Foo as chief operating officer of the company's wholly-owned Alaskan subsidiary, Graphite One (Alaska) Inc. With more than 35 years in the mining sector, including 21 years in Alaska, Foo has served as president and general manager for Donlin Gold LLC, general manager for Alaska Gold Torrent, chief geologist and general superintendent for Cortez Gold Mines (Nevada) and project manager roles with Placer Dome and Barrick Gold...
Freegold Ventures Ltd. June 7 said it is putting together plans for a drill program aimed at expanding the oxide resource at its Golden Summit gold property near Kinross Gold Corp.’s Fort Knox Mine in Interior Alaska. Located along a paved highway about 30 minutes north of Fairbanks, Golden Summit hosts 61.5 million metric tons of indicated resource averaging 0.69 grams per metric ton (1.36 million ounces) gold; and 71.5 million metric tons of inferred resource averaging 0.69 g/t (1.58 million oz) gold. The oxide portion o...
Goldstrike Resources Ltd. June 11 reported that a planned 10,000-meter drill program being funded and operated by Newmont Mining Corp. is now underway at the 662-square-kilometer (256 square miles) Plateau gold property in Canada's Yukon. Newmont, which cut a C$53 million deal to earn up to a 75 percent stake in Goldstrike's expansive and gold-rich Plateau property early in 2017, invested C$6 million on an exploration program focused on understanding and modeling the controls...
The Fort Knox Mine will continue churning out gold until at least 2030, thanks to Kinross Gold Corp.'s decision to move ahead with the development of Gilmore, an expansion project immediately west of the open-pit mine that has provide ore to the Interior Alaska operation for 22 years. "This go-ahead decision for Gilmore represents collaboration, hard work and dedication coming to fruition, and it wouldn't have been possible without the contributions of many," said Fort Knox...
