The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 10 of 10
Golden Predator Mining Corp. July 11 said it has begun a 1,500-meter drill program at Brewery Creek to evaluate the suitability of continuous vat leaching for gold recovery and to expand the resource at this past-producing gold mine about 55 kilometers (34 miles) east of Dawson City, Yukon. A 2014 preliminary economic assessment outlined plans for a heap-leach operation at Brewery Creek that would produce an estimated 372,000 ounces of gold over a nine-year span. This includes...
Triumph Gold Corp. July 11 announced that it has raised C$5.1 million via a private placement financing that included participation by Goldcorp Inc., Palisade Global Investments Ltd. and a Hong Kong-based investment fund. The money raised will help fund the ongoing exploration at Triumph's Freegold Mountain gold-copper project in the Yukon's Dawson Range. Goldcorp initially invested in Triumph Gold early in 2017 with a C$6.3 million investment that provided the major with a 19...
Fortune Minerals Ltd. July 11 is pleased to provide an update on the progress of environmental work and rezoning efforts needed to support construction of the Nico cobalt-gold-bismuth-copper project in Canada, which could begin as early as next year. Over the past two decades, Fortune has invested more than C$115 million advancing Nico from an in-house discovery to a development stage project that includes a planned mine and concentrator in the Northwest Territories and...
Pretium Resources Inc. July 9 reported that its Brucejack Mine produced 111,340 ounces of gold during the second quarter, a quarterly record that puts the northwest British Columbia on pace to produce around 400,000 oz of gold this year. "With more than 187,000 oz produced in the first half of 2018, we have delivered on our first half 2018 guidance of 150,000 to 200,000 oz of gold," said Pretium President and CEO Joseph Ovsenek. Pretium achieved commercial production at...
Auryn Resources Inc. July 9 said it plans to begin a 10,000-meter drill program at its nearly 1-million-acre (390,000 hectares) Committee Bay gold property in Nunavut on July 15. The 6,000 meters of diamond drilling and 4,000 meters of rotary air blast (RAB) drilling planned for this year will follow up on the 2017 Aiviq discovery, as well as exploration drilling at five prospects – Kalulik, Tulugaq, Aarluk, Castle Pebble and Koffy – identified through a high resolution til...
Coeur Mining Inc. July 9 reported a steady climb in mill throughput rates at its newly commissioned Silvertip Mine in northern British Columbia during the second quarter of 2018. Last October, Coeur paid US$200 million to acquire Silvertip and has agreed to pay up to another US$50 million more if certain permitting and resource expansion milestones are met. In March, the company began ramping up production at the high-grade silver mine just a few miles south of the Yukon...
Giga Metals Corp. (formerly Hard Creek Metals Corp.) July 11 said it has agreed to sell a 2 percent net smelter return royalty on all future metal production from the Turnagain nickel-cobalt project in north-central British Columbia, to Cobalt 27 Capital Corp. for US$1 million in cash payment and 1.125 million Cobalt 27 shares, valued at US$6.8 million based on the July 11 closing price. Cobalt 27, a leading electric metals investment vehicle offering exposure to metals integr...
MACLAREN RIVER: A cold summer rain drizzling down on the exploration camp does not dampen the spirits of PolarX Ltd. Executive Director Jason Berton ... and for good reason. Laid out across the tables in the core shack at the company's highway accessible exploration camp is gold- and copper-rich skarn mineralization from a hole drilled some 850 meters east of the current resource at the Zackly deposit on the company's Alaska Range project. If ongoing drilling can trace this...
White Rock Minerals Ltd. July 10 announced that Sandfire Resources NL, a mid-tier Australian mining company that operates the high-grade DeGrussa copper-gold mine in Western Australia, plans to make a significant investment in White Rock's Red Mountain, a zinc enriched volcanogenic massive sulfide project about 60 miles south of Fairbanks, Alaska. "White Rock welcomes Sandfire as a strategic partner and cornerstone investor that shares White Rock's vision for the exploration...
Riversgold Ltd. July 9 said it has begun a seven-week exploration program that is expected to include drilling at several targets on its gold properties in Southwest Alaska. A Perth-based mineral exploration company that listed on the Australia Stock Exchange late in 2017, Riversgold owns three gold exploration properties – Luna-Quicksilver, Kisa and Gemuk – that blanket 27,122 acres of the Kuskokwim Mountains about 95 miles southwest of the 39-million-ounce Donlin Gold Min...
