The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 11 of 11
Board okays 3.3M oz Nunavut mine, first gold pour slated for 2025 It's official, Sabina Gold & Silver Corp. is moving forward with the development of the Goose Mine on the company's Back River gold project in Nunavut, Canada. "This is a milestone decision for the company," said Sabina Gold President and CEO Bruce McLeod. A feasibility study that was updated in 2021 envisions a mine at the Goose deposit that will produce 3.34 million ounces of gold over an initial 15 years of...
A feasibility study for developing a mine at Skeena Resources Ltd.'s Eskay Creek has confirmed that developing an open pit mine at this historic gold-silver project in British Columbia's Golden Triangle remains profitable in today's inflationary environment, even if the price of gold dropped to US$1,400 per ounce and silver was selling for a mere US$14/oz. At US$1,700/oz gold and US$19/oz silver, the open pit mined detailed in the Eskay Creek feasibility study prepared for...
Pebble Limited Partnership presses for withdrawal of preemptive veto As the Environmental Protection Agency closed public input on its 2022 proposed determination, Pebble Limited Partnership calls on the agency to withdraw its preemptive veto of the Pebble copper mine project, ultimately finalizing the permit process undertaken by the U.S. Army Corps of Engineers. About a year ago, the EPA made known its intention to reinitiate the process of making a Clean Water Act Section...
Gains ownership of historic Keno Hill Silver Mine in Canada's Yukon With the Sept. 7 purchase of Alexco Resource Corp., Hecla Mining Company is poised to become Canada's largest silver producer by unlocking the enormous high-grade potential of its new Keno Hill Silver District project in the Yukon. The 242-square-kilometer (93 square miles) Keno Hill property covers one of the highest-grade silver districts in the world. Between 1913 and 1989, more than 200 million ounces of...
American West Metals Ltd. Sept. 8 reported additional high-grade assay results from shallow drilling at the Storm Copper project on Somerset Island in northern Nunavut. American West's primary goal at Storm is to build a high-grade copper resource that can be upgraded to direct shipping ore with simple and low-cost ore sorting technology. Toward this objective, the Australia-based company launched its inaugural drill program at Storm with holes testing the 2750N zone, where...
Drills tap gold-silver in former waste rock of proposed pit Skeena Resources Ltd. Sept. 6 announced the first batch of assay results from a 2022 drill program focused largely on supplementing the existing mine plan for its Eskay Creek gold-silver project in Northern British Columbia with additional near-surface mineralization amenable to open pit mining. A feasibility study released by the company on Sept. 8 details an open pit mine at Eskay Creek that would produce 2.42...
Tectonic Metals Inc. Sept. 7 announced that it is carrying out a baseline metallurgical program aimed at de-risking Flat, an intrusion-hosted, bulk tonnage gold project about 25 miles (40 kilometers) north of the Donlin Gold project in the Yukon-Kuskokwim region of Southwest Alaska. "Metallurgical testing is one of the most critical steps a company can take in successfully transforming an exploration-stage project into a profitable mining opportunity," said Tectonic Metals...
Banyan Gold Corp. Sept. 6 announced the results from 36 diamond drill holes that continue to demonstrate the growth potential of the Powerline and Aurex Hill gold deposits on the AurMac property in Yukon, Canada. "The ongoing 2022 drill program continues to expand the gold mineralized footprint of the Powerline and Aurex Hill deposits on the AurMac property," said Banyan Gold President and CEO Tara Christie. "With over 38,000 meters of drilling now complete in 2022, consistent...
Victoria Gold Corp. Sept. 7 reported that its 2022 drilling has cut wide sections of gold mineralization at the Eagle Deep target on the company's Dublin Gulch property in Yukon, Canada. Intended to be an expansion from the 2021 drilling results, this year's program focused on key areas for the potential expansion west of the Eagle Gold deposit currently being mined by Victoria. "Last year's exploration drilling clearly demonstrated there is more to the Eagle deposit than was...
Blue Star Gold Corp. Sept. 7 reported additional strong gold intercepts in the Gnu Zone at Ulu, one of the company's three properties that cover more than a 45-kilometer (28 miles) stretch of the High Lake Greenstone Belt in Nunavut. According to a 2015 calculation, the Flood and Gnu zones at Ulu host 2.5 million metric tons of measured and indicated resources averaging 7.53 grams per metric ton (605,000 ounces) gold; and 1.26 million metric tons of inferred resource...
Amaroq Minerals Ltd. Sept. 6 announced an updated mineral resource estimate that shows its flagship Nalunaq project in Southern Greenland hosts one of the highest-grade gold deposits on Earth. Nalunaq is home to a past-producing underground gold mine that produced roughly 350,000 ounces of gold between 2004 and 2009. Due to falling gold prices, financial difficulties, and a lack of exploration, however, the mine was partially shuttered in 2014 with a widespread view that the d...
