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
Osisko Metals Inc. June 19 reported results from the remaining holes drilled during the winter drill program at Pine Point and announced the start of a 570-hole summer program at this zinc-lead deposit in Northwest Territories. The historic Pine Point Mine involved a series of 50 surface and underground deposits along a 60-kilometer (37 miles) trend. In all, Cominco discovered roughly 90 such deposits on the property. The roughly 700-hole drill program slated for this year is...
TMAC Resources Inc. June 14 reported that the addition of a Falcon gravity concentrator to the recovery circuit processing ore from the Doris Mine at the company's Hope Bay project has resulted in record monthly gold production at the Nunavut operation. The mill at Hope Bay reached commercial production last May, but poor gold recoveries has hampered the ability to reach full operating capacity. "TMAC's recent metallurgical tests have indicated that at least 70 percent of the...
IDM Mining Ltd. June 19 reported a 20.7 percent increase to the gold contained in measured and indicated resources at its Red Mountain Mine project near Stewart in northern British Columbia. Incorporating the 29,312 meters of drilling completed by the company during 2017, Red Mountain now hosts 2.77 million metric tons of measured and indicated resource averaging 7.91 grams per metric ton (704,600 ounces) gold and 22.75 g/t (2.77 million oz) silver. In addition, the...
Doubleview Capital Corp. June 19 reported that Hudbay Minerals Inc. has agreed to invest as much as C$40 million to earn up to 65 percent interest in Doubleview's Hat copper-gold property in northwestern British Columbia. Hudbay, which produces precious and base metals from operations in Canada and Peru, can earn an initial 51 percent interest in Hat by investing C$25 million on exploration and delivering a mineral resource estimate by 2022. By spending an additional C$15...
Pretium Resources Inc. June 18 reported that two long holes drilled from the underground workings at it Brucejack Mine confirm the presence of Brucejack-style mineralization starting from the eastern edge of the Valley of the Kings, the high-grade gold deposit currently being mined, to beneath Flow Dome, a gold zone about 1,000 meters east. Surface drilling encountered bonanza grade gold at Flow Dome in 2015. Highlights from that program include 2.05 meters of 2,100 grams...
ATAC Resources Ltd. June 18 reported a 1.69-million-ounce maiden gold resource for Osiris, one of three projects that make up the 1,700-square-kilometer (656 square miles) Rackla Gold property in the Yukon. Osiris is where ATAC first discovered Carlin-type gold, which is found in sediment hosted deposits where very fine-grained gold is typically associated with pyrite or arsenopyrite. This type of gold mineralization gets its name from the Carlin Mine in Nevada, where it was...
Golden Predator Mining Corp. June 21 named globally recognized geological experts Richard Goldfarb, Lance Miller, Craig Hart and Bill Threlkeld to the company's newly formed exploration management council. These founding members bring vast experience in the geology of the Northern Cordillera – a metals rich volcanic province that extends through British Columbia, Yukon and Alaska – to the council. This council will assist Golden Predator management and field staff in rev...
ZincX Resources Corp. June 20 released a preliminary economic assessment that provides the first look at the development of a mine at the company's Cardiac Creek zinc-lead deposit on the Akie property in northern British Columbia. The PEA contemplates a 4,000-metric ton underground mine providing ore for a 3,000-metric-ton-per-day mill that is expected to produce 3.27 billion pounds of zinc and 362 million lb of lead over an initial 18-year mine life. This is based on the...
Constantine Metal Resources Ltd. is working on a deal to lease Johnson Tract, a gold-rich polymetallic deposit in Southcentral Alaska, from Cook Inlet Region Inc., an Alaska Native regional corporation more commonly known as CIRI. Located about six miles west of Cook Inlet and roughly 125 miles southwest of Anchorage, the 20,942-acre Johnson Tract property hosts a gold and base metals deposit that is reminiscent of the historical Eskay Creek Mine in neighboring British...
PolarX Ltd. June 19 reported the start of a 5,000-meter drill program focused on expanding the high-grade Zackly copper-gold skarn deposit at the company's Alaska Range project. Millrock Resources Inc., which owns a 9.76 percent interest in PolarX, managed a drill program last year aimed at updating a historical resource for Zackly. Based on the results of this 13-hole program, Zackly currently hosts 3.4 million metric tons of JORC-compliant inferred resource grading 1.2...
