The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 13 of 13
The Red Chris copper-gold mine in northwestern British Columbia has received final approvals necessary for commercial operation, marking the sixth new mine to open in the western province since 2011. “This is a significant achievement made possible through a tremendous amount of collaboration between Imperial Metals Corp., the Tahltan Central Council and this government,” B.C. Minister of Energy and Mines Bill Bennett said June 19 while announcing full production at Red Chr...
Strongbow Exploration Inc. June 22 reported that it has finalized the terms of its acquisition of the Sleitat and Coal Creek tin properties in Alaska. The transaction will involve Strongbow buying the tin properties, from Osisko Gold Royalties Ltd. and Strongbow Director Ronald Netolitzky. Netolitzky has been involved with Thor Gold, a former subsidiary of Solomon Resources Ltd., since the 1980s. Osisko acquired an interest in the Sleitat and Coal Creek properties through the...
NovaCopper Inc. June 19 said it has completed acquisition of all of the issued and outstanding common shares of Sunward Resources Ltd. To complete the transaction, Sunward shareholders were issued 0.3 of a NovaCopper common share for each Sunward common share held. Sunward is now a wholly-owned subsidiary of NovaCopper. As a result of the buyout, NovaCopper has full ownership of the Titiribi gold-copper project in Colombia and more than US$20 million in cash. The company says...
Goldrich Mining Company June 23 announced a deal to raise US$1.2 million by selling 12 percent of the cash flows Goldrich receives from its interest in Goldrich NyacAU Placer LLC, a 50-50 joint-venture between Goldrich and NyacAU LLC to mine the various placer gold deposits at Goldrich's Chandalar property in Northern Alaska. Goldrich will retain its 50 percent ownership in GNP but, after the transaction, will effectively receive about 44 percent of the cash distributions...
With intercepts of up to 5.9 ounces per short ton gold over widths of more than six feet, Redstar Gold Corp.'s first round of 2015 drilling at Unga is reminiscent of the long history of this high-grade gold project in Southwest Alaska. Located on an island just off the Alaska Peninsula, Redstar's Unga property blankets two parallel trends of high-grade epithermal gold veins that each extend for more than 4.5 miles across the southeast corner of Unga Island. The Apollo-Sitka...
Sabina Gold & Silver Corp. June 22 published on SEDAR a feasibility study for its Back River gold project in Nunavut. Highlights from the feasibility study were originally released by the company in May. The technical report describes a 6,000-metric-ton-per-day mill producing an average of around 346,000 ounces of gold annually over a 10-year mine life. The ore would come from a combination of open pit and underground mining, with the bulk of the material coming from the open...
Atac Resources Ltd. June 22 said it has begun the first phase of 2015 drilling and exploration at its Rackla Gold project in the Yukon Territory. The phase-1 work will focus on expanding the Carlin-type gold discoveries at the Conrad zone and Anubis cluster within the Nadaleen Trend. The objectives of this roughly C$3-million program include: shallow diamond drilling to continue testing the eastern portion of the Conrad Upper zone; drilling target at the untested area between...
Goldstrike Resources Ltd. June 22 reported that multiple grab samples with visible gold have been collected from mineralized sub-crop on Gold Dome at its Plateau property in the Yukon. Within the first two days of the current program, four samples with visible gold were taken from new target areas up to 550 meters away from the VG Zone discovery hole on Gold Dome, which cut 7.6 grams per metric ton gold over 9.03 meters. Drilling to expand the zone of high-grade gold...
Golden Predator Mining Corp. June 22 said it has received the necessary permit to continue exploration and conduct bulk sampling at the 3 Aces high-grade gold project in western Yukon Territory. The bulk sample program is designed to acquire up to 2,000 cubic meters of gold bearing quartz vein material from the Sleeping Giant zone. The material will be processed at an off-site to further advance the understanding of the distribution of the coarse gold particles and provide...
As chairman of the U.S. Senate Energy and Natural Resources Committee, U.S. Sen. Lisa Murkowski, R-Alaska, provides the 49th State a strong voice when mining issues are discussed on Capitol Hill. Her chairmanship of a lesser known appropriations subcommittee that holds the checkbook for the Environmental Protection Agency and Interior Department, however, also is proving to be a powerful weapon in reigning in what many consider as overreach by these regulatory bodies. "The...
Kennady Diamonds Inc. June 22 reported diamond recovery results from a 2.7-metric-ton sample of kimberlite from the 2015 winter drill program at the Kelvin North Lobe of its Kennady North project in Northwest Territories. The sample, which was processed at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council, averaged 2.74 carats of commercial-size diamonds per metric ton. Kennady Diamonds CEO Patrick Evans said, "Based on drilling and sampling...
TerraX Minerals Inc. June 17 reported the completion of an option to Osisko Gold Royalties Ltd. to purchase an additional 1 percent net smelter return royalty on the Yellowknife City Gold Project in the Northwest Territories, including a surrounding area of interest. To obtain this option, Osisko has paid TerraX C$1 million in cash. The option entitles Osisko to purchase the 1 percent NSR by paying an additional C$2 million within three months following commencement of...
The world's mining industry has once again transmogrified itself in the face of changing global metals markets and investor expectations. In a recent Reuters report, several companies, including Newmont Mining Corp., Goldcorp Inc. and Yamana Gold Inc., were singled out as having taken steps to bring smaller, leaner, lower output projects into production to avoid the cost over-runs which have plagued the large multibillion-dollar projects in recent years. The same large mine...
