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
PolarX Ltd. June 18 said it has secured the funds needed to carry out its 2020 drill program at Zackly East and plans to have drills turning on this high-grade gold-copper skarn in about four weeks. The Australia-based mineral explorer said sophisticated and professional investors have committed to acquiring roughly 99 million PolarX shares at A3.8 cents each, which will gross the company approximately A$3.76 million (US$2.58 million). PolarX said the net proceeds from the...
Freegold Ventures Ltd. June 16 announced the resumption of its 2020 program at Golden Summit with a planned 10,000-meter drill program targeting high-grade gold mineralization encountered on the property north of Fairbanks, Alaska earlier this year. A winter drill program that got underway in early March tested Freegold Ventures' theory that higher grade gold mineralization extends west from the historic Cleary Hill Mine, which produced 281,000 ounces of gold from ore...
Skeena Resources Ltd. June 16 announced the start of a preliminary feasibility study aimed at further de-risking Eskay Creek and developing a strategy to efficiently advance this rich gold and silver project in British Columbia's Golden Triangle toward production. Barrick Gold Corp. operated an underground mine at Eskay Creek from 1995 to 2008 that produced roughly 3.3 million ounces of gold and 160 million oz of silver from ore that averaged 45 grams per metric ton gold and...
Benchmark Metals Inc. June 17 said it has begun mobilizing drill rigs and crews for a planned 50,000-meter drill program at its Lawyers gold-silver project in northern British Columbia. This drilling will focus on establishing a multi-million-ounce gold-silver mineral resource at four targets – Cliff Creek, Dukes Ridge, Amethyst Gold Breccia (AGB) and Phoenix – that have been identified within a 3,000-meter radius in the central portion of the greater than 20-kilometer- (12...
Pebble Partnership has announced the creation of the Pebble Performance Dividend to distribute a percentage of the revenue generated from the operation of a mine at Pebble to year-round residents of Bristol Bay. "When we rolled out our new, smaller mine plan in 2017, I made a commitment to find a way to share the opportunity Pebble represents with the residents of Bristol Bay. While not everyone will want to work at the mine, this ensures a direct way for everyone to...
After 13 years as the top executive at Ucore Rare Metals Inc., Jim McKenzie is stepping down from his role as president and CEO of the rare earth exploration and technology company to pursue other business interests. Under McKenzie's leadership, Ucore established a rare earths deposit at its Bokan Mountain project in Southeast Alaska and has pursued new technologies to separate the rare earths, a technology that is key to establishing a REE sector in North America. "Building a...
Reestablishing a mine at Osisko Metals Inc.'s Pine Point zinc-lead project in Northwest Territories could be profitable, according to the preliminary economic assessment released on June 15. The PEA outlines a mine that would produce an average of 327 million pounds of zinc and 143 million lb of lead annually over an initial 10-year mine life. At an average zinc price of US$1.15/lb and lead averaging US95 cents/lb, this operation has been calculated to produce an after-tax...
