The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 9 of 9
Rockhaven Resources Ltd. July 13 released the results of a preliminary economic assessment for a mine at its Klaza project in southern Yukon that could economically produce roughly 750,000 ounces gold and 13.8 million oz silver over a 12-year mine life. Based on US$1,450/oz gold, US$17/oz silver, and a C$1 to US72 cent exchange rate, the Klaza mine outlined in the PEA would generate a post-tax net present value (at a 5% discount) of C$378 million and a 37% internal rate of...
ATAC Resources Ltd. July 15 announced that the initial phase of its 2020 exploration program is now underway at Rau, an intriguing precious and base metals project at the western end of the 185-kilometer- (115 miles) long Rackla Gold property in the Yukon. ATAC's phase-one 2020 exploration program will include excavator trenching, 1,500 meters of rotary air blast (RAB) drilling, mapping and prospecting to develop diamond drill targets at the Airstrip target, which hosts an...
Western Copper and Gold Corp. July 13 announced that the tonnage of measured and indicated mill resources at its Casino copper-gold project in the Yukon has more than doubled. A 2013 feasibility study for developing a mine at Casino envisions utilizing both a mill and heap leach to recover the copper, gold, silver, and molybdenum found there. According to the new calculation, Casino now hosts 2.17 billion metric tons of millable measured and indicated resources averaging...
International Tower Hill Mines Ltd. July 15 announced it has finalized the key contracts for completion of a pre-feasibility study for developing a mine at its 11.5-million ounce Livengood Gold project in Alaska and expects to release the results of the PFS in October 2021. This will follow-up on a 2017 PFS that outlined plans for a 52,600-metric-ton-per-day mill that would produce 6.8 million oz of gold over a 23-year mine life, or roughly 294,100 oz annually. This mine plan...
Seabridge Gold Inc. July 16 announced the start of a roughly 8,000-meter drill program targeting a gold-copper porphyry mineral system below the Quartz Rise lithocap on the company's Iskut property in British Columbia's Golden Triangle. Located about 30 kilometers (19 miles) west of Seabridge's world-class KSM gold-copper project, Iskut is home to the historical high-grade Johnny Mountain gold-silver-copper mine. Three years of work at Quartz Rise, including two small drill...
With the price of an ounce of gold topping US$1,800, Golden Predator Mining Corp. is accelerating its plans to re-establish a gold mine at its Brewery Creek project in Canada's Yukon Territory. Located about 35 miles (55 kilometers) east of Dawson City, Brewery Creek is the home to a mine that produced 280,000 ounces of gold over seven years of mining that began in 1996. This operation used seasonal heap leaching – a method of gold recovery that involves stacking ore in a l...
After 11 years of triumphs and travails, Victoria Gold Corp. has achieved commercial production at Eagle, the largest gold mine in the Yukon's storied history. Like any modern hardrock gold operation, however, the tale of the Eagle Gold Mine reaches much further back into the annuls of history. In "Dublin Gulch, A History of the Eagle Gold Mine", Michael Gates tells a 125-year saga of dedication, determination, and a small mining company with large aspirations of building a mi...
Nova Minerals Ltd. July 15 reported long intercepts of gold mineralization in two more holes drilled into Korbel resource block B at its 54,400-acre (220 square kilometers) Estelle project in Alaska. "We are pleased to report more thick drill intercepts which are an exciting and significant development in our phase 1 resource upgrade with all holes hitting extensive mineralization," said Nova Minerals CEO Christopher Gerteisen. Situated roughly 100 miles (160 kilometers)...
In a move aimed at modernizing and streamlining the environmental review process for large-scale projects in the United States, the Trump administration has finalized sweeping reforms to the National Environmental Policy Act. When it was established in 1970, NEPA was hailed by U.S. policymakers as "the most important environmental statute ever enacted" but was largely viewed by law professionals as lacking any kind of detail that could be considered statute. Theodore Lowi, a...
