The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 8 of 8
IDM Mining Ltd. June 26 said the results of a feasibility study for its Red Mountain confirms the positive economics for developing a high-grade underground gold mine at this gold project near Stewart in northwestern British Columbia. The proposed 1,000-metric-ton-per-day year-round operation is expected to average roughly 78,000 ounces of gold per year over the nearly six year mine-life considered in the feasibility study. Initial capital expenditure to fund construction and...
Silver Range Resources Ltd. June 22 provided an update on work at its South Kitikmeot gold project, which includes seven properties between Sabina Gold & Silver's Back River Project west to the historical Lupin Mine in Nunavut. In May, Silver Range completed ground geophysical surveys over the Billie and Holliday Zones at the Uist property. These zones were identified by Silver Range in 2016, where surface samples returned grades as high as 64 grams per metric ton gold. A magnetic survey mapped an iron formation on the...
If this year's US$8 million drill program is any indication, Barrick Gold Corp. and Novagold Resources Inc. are getting serious about building "the largest pure gold mine in the world" at their Donlin Gold project in Southwest Alaska. "Donlin Gold's size, grade, production profile, exploration potential, mine life, community support and jurisdictional safety render it a unique asset in the gold industry," said Novagold President and CEO Greg Lang. "Both partners envision...
Group Ten Metals Inc. June 22 said it has begun 2017 exploration at its nickel-copper-platinum group elements properties in southwestern Yukon. This work, which is expected to be carried out in July, includes mapping, prospecting and surface sampling at the Ultra, Spy and Catalyst projects. The work at Spy, which is roughly 25 miles (40 kilometers) the Wellgreen nickel-PGE-copper project, will focus primarily on defining the orientation of the Spy ultramafic sill and sighting optimal locations for a potential drill program...
Benz Mining Corp. June 21 said it plans to complete up to 8,000 meters of drilling this year at its Mel zinc-lead-barite property in southeastern Yukon. The primary objective of this program is to confirm and expand a resource estimate calculated for Mel in March. According to this estimate, the main zone at Mel hosts 5.28 million metric tons of inferred resource averaging 6.51 percent zinc, 1.86 percent lead and 45 percent barite. "The main goals are to confirm the continuity of grades and widths of mineralization within...
The summer solstice has come and gone, but the Alaska mining industry has paid little attention to the decreased amount of daylight because it is high summer in the high latitudes, time to be out completing work programs that have been in the planning since last fall. Exploration drilling programs have sprouted in the Brooks Range, Interior, Alaska Range, Southeast, Southwest and the Alaska Peninsula. In addition, the sounds of tire-kicking are being heard over a wide area of...
Freegold Ventures Ltd. has released results from an additional 10 holes of its 27-hole oxide resource expansion drill program at the Golden Summit project about 25 miles north of Fairbanks, Alaska. On June 27, the company reported that hole GSDL 17-16 cut 69 meters averaging 1.14 grams per metric ton gold. The oxide portion of this this intercept was 54 meters, starting at a depth of 1.5 meters. GSDL 17-17 and GSDL 17-18, the two northernmost holes drilled during the program,...
Wellgreen Platinum Ltd. June 26 reported a roughly 10 percent increase in the measured and indicated resources at its Wellgreen nickel-platinum group metal-copper project in southwestern Yukon. Since the publication of a resource estimate in 2014, an additional 74 holes have been completed at Wellgreen. Incorporating the results from this work, Wellgreen now hosts 362 million metric tons of measured and indicated resource averaging 0.26 percent (2.08 billion pounds) nickel; 0.14 percent (1.09 billion lb) copper; 0.015...
