The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 6 of 6
Skeena Resources Ltd. Nov. 19 reported assay results for the final 18 holes (6,576 meters) of the 2015 program at its Spectrum gold project in northwestern British Columbia. Highlights from drilling at the Central Zone include: 18 meters of 6.13 grams per metric ton gold from a depth of 252 meters in hole S15-60; two meters of 8.27 g/t gold from a depth of 204.6 meters, and one meter of 23.1 g/t gold from a depth of 286.5 meters in hole S15-055; 18 meters of 2.69 g/t gold...
North American Tungsten Corporation Ltd. Nov. 19 reported that the Supreme Court of British Columbia has extended a stay of company's creditors' arrangement act proceedings until March 31, 2016. The court also expanded the powers of Alvarez & Marsal Canada Inc., the monitor appointed by the court to oversee and assist the company during the bankruptcy hearings. Due to liquidity issues, North American Tungsten filed for court protection in June and later sought court approval t...
Homestake Resource Corp. and Banks Island Gold Ltd. Nov. 19 reported the signing of a letter of intent in which Banks Island has the option to earn 50 percent of the Homestake Ridge gold property in northwestern British Columbia by investing C$16.5 million in work and option payments over a three-year period. Exploration at Homestake Ridge has outlined 6.77 million metric tons of inferred resources averaging 4.2 grams per metric ton (911,000 ounces) gold and 93.6 g/t (20.37...
TerraX Minerals Inc. Nov. 18 provided results from an initial six holes (953 meters) testing near-surface replacement style mineralization in the Hebert-Brent Shear area of its Yellowknife City Gold Project, Northwest Territories. Highlights include: 10.36 meters of 3.61 grams per metric ton gold from a depth of 6.14 meter in hole TNB15-024; and 6.7 meters of 2.7 g/t gold from a depth of 11.5 meters in hole TNB15-025. Drilling of the Hebert-Brent Shear followed up on channel...
Independence Gold Corp. Nov. 18 reported results from an eight-hole (1,093 meters) reverse circulation drill program at the Sunrise zone of its Boulevard gold project located about 135 kilometers (85 miles) south of Dawson City, Yukon. The best intercepts were 3.05 meters of 15 g/t gold from a depth of 24.4 meters in hole BV15-40; and 22.9 meters of 0.94 g/t gold from a depth of 45.7 meters in hole BV15-35. The fall 2015 RC drill program was designed to extend gold mineralizat...
Earlier this month, the Alaska Miners Association held its annual convention in Anchorage amid plummeting metals prices and an over-all atmosphere of economic uncertainty now stretching into its fourth year. Individuals from around North America and beyond were present and conversations outside of the technical sessions seemed to gravitate toward how best to climb out of the doldrums that seem to grip the mining industry on a global scale. One individual was heard to say that...
