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
Ucore Rare Metals Inc. July 5 said the SuperLig-One rare earth element separation pilot plant has further broken down heavy rare earths derived from the Bokan-Dotson Ridge project in Southeast Alaska into two subgroups - samarium-dysprosium and holmium-lutetium. The company reports that greater than 99 percent purity and recovery was achieved for both subgroups. This high level of both purity and recovery is attributed to the molecular recognition technology being employed by the SuperLig-One pilot plant that was designed...
Northern Dynasty Minerals Ltd. July 5 reported the closing of a C$2 million private placement. This financing involved the issuance of 4,444,376 units, each consisting of one Northern Dynasty share and one warrant, at a price of C45 cents each. The warrants are exercisable into one common share of the company at C65 cents until June 10, 2021. In June, the company raised C$17.1 million in a private placement of 38 million units with identical pricing and warrant expiration. Northern Dynasty said the proceeds from the June...
Constantine Metal Resources Ltd. July 6 reported the start of a 2016 drill program at its Palmer copper-zinc-silver-gold project in Southeast Alaska. Dowa Metals & Mining Co. Ltd., which can earn 49 percent in Palmer by investing US$22 million in the project by the end of 2016, has budgeted US$3.7 million for this year's program. The work begins with an initial 1,700-meter drill program targeting several volcanogenic massive sulfide targets beyond the known Glacier Creek...
Victoria Gold Corp. July 5 said it has agreed to purchase a used all-season camp complete with 110 dorm rooms, industrial kitchen, recreational and mud room, and arctic corridors for C$275,000. The company says the camp is in excellent condition and only minor refurbishment is required for full occupancy. In addition to the low price, the camp is located less than 100 kilometers (60 miles) from Victoria's Eagle Gold project ensuring the cost and logistics of moving the camp...
Aben Resources Ltd. July 6 said it has consolidated a 23,000-hectare (56,833 acres) land package in the Golden Triangle region of Northwest British Columbia by staking and acquiring land claims in this prolific region. Individual agreements were executed between Aben and Equity Exploration Consultants, Kiska Metals and CVE, a private third-party, whereby Aben will acquire a 100 percent interest (less underlying net smelter return royalties) by issuing seven million shares and...
Nighthawk Gold Corp. July 5 reported the start of a 10,000-meter drill program at its Indin Lake gold property in Northwest Territories. This program, expected to be completed by the end of September, will continue to expand recently discovered high-grade gold mineralization at the Colomac deposit and follow up on the 2014 drilling results at Goldcrest, a sister intrusion located 400 meters west of Colomac. Drilling at Colomac will follow up on the success of Nighthawk's 2014...
Goldstrike Resources Ltd. July 5 reported that this year's initial prospecting and mapping at its Plateau property in the Yukon has already resulted in a significant new gold discovery 4,000 meters from and on trend with the Goldstack zone. The company said this new find, dubbed the Bonanza zone, contains the most pervasive visible gold seen in bedrock at Plateau to date. Exposed on surface over a 12- by 20-meter area, this zone contains an extensive quartz stockwork system...
Independence Gold Corp. July 5 reported signing an option agreement with Taku Gold Corp. to acquire the Rosebute property in the White Gold district of the Yukon. This 14,387-hectare (35,551 acres) property hosts two gold discoveries known as the Norwest and Hudbay zones. The Norwest zone - located in the northern portion of the 14,387-hectare (35,550 acres) property - is defined by three gold-in-soil anomalies within a roughly 2,000 meter diameter. One hole drilled in 2012...
Though it will likely take years for Britain to fully disengage itself from the European Union, if it does at all, the implications of the Brexit vote was enough to hurdle gold through US$1,300 per troy ounce. Up nearly US$300/oz. since the start of 2016, the safe-haven metal is making strides towards testing the US$1,400/oz. threshold. Robin Bhar, head of metals research at Societe Generale, a French multinational banking and financial services company, believes gold and its...
Dolly Varden Silver Corp. July 4 said a special committee of independent directors has been appointed to review and evaluate an unsolicited takeover bid by Hecla Mining Co. On June 27, Hecla announced plans to acquire all of the shares of Dolly Varden Silver that it does not already own at C69 cents per share, or roughly C$12 million to acquire full ownership of the junior with assets in northwestern British Columbia. The Dolly Varden special committee, comprised of Thomas...
Rockhaven Resources Ltd. June 30 reported the appointment of Marc Blythe as vice president, project development. Blythe holds a master of business administration degree from La Trobe University in Melbourne and a bachelor of mining engineering degree from the Western Australian School of Mines. He has managed mines for both Placer Dome Inc. and WMC Resources (formerly Western Mining Corp.) during his 22-year mining career. He has a strong understanding of mine feasibility and...
