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
On July 13, a fountain of molten gold cascades into awaiting molds at the Fort Knox Mine, which is among the largest and lowest-cost gold operations owned by Kinross Gold Corp. While gold pours such as this one are a regular occurrence at this roughly 1,100-ounce-per-day operation, somewhere in this particular glowing stream was the seven-millionth ounce of gold produced at the iconic mine, located a few miles north of Fairbanks, Alaska. Fort Knox General Manager Eric Hill wou...
Ucore Rare Metals Inc. July 18 said it has partnered with an undisclosed major Alberta oil sands producer to recover rare earth elements and other technology metals from Alberta oil sands operations. "This high profile project truly shows the versatility of SuperLig across a diverse range of feed-stock alternatives, including not just in-situ mining facilities, but process-flow and tailings management facilities as well," said Ucore President and CEO Jim McKenzie. "The substantial production volumes available through oil...
Skeena Resources Ltd. July 18 said it raised C$3.93 million during the second tranche of an over-subscribed, non-brokered private placement. Through the first two tranches of the financing, Skeena has raised gross proceeds of C$7.73 million and the final tranche is expected to close soon. Funds raised from this financing will be used for drilling at the Snip gold property, as well as for exploration programs on the Spectrum and GJ gold-copper properties and for general working capital purposes. All three of the properties...
Kiska Metals Corp. July 18 reported that an exploration team and equipment has been mobilized to begin drilling at Copper Joe, a copper-gold-molybdenum porphyry project located in the Alaska Range about 110 miles northwest of Anchorage. First Quantum Minerals has an option to earn up to an 80 percent interest in Copper Joe, and Kiska is currently operating the project. "We are very excited that FM (First Quantum Minerals) has decided to drill the Evening Star porphyry target...
GCI and Teck Red Dog Operations July 14 said they have reached an agreement that will bring high-speed broadband internet service to the Red Dog Mine and the community of Noatak in Northwest Alaska. GCI is already Alaska's largest telecommunications company, and this partnership is part of its broader strategy to connect Arctic communities to high-speed internet. "Red Dog is a world-class mining operation that requires world-class internet service, and this partnership is a...
Goldcorp Inc. July 20 said it has completed the acquisition of Kaminak Gold Corp. in an all-shares deal valued at roughly C$401 million when you consider the value of the Goldcorp shares on the day of the closing. As a result of the purchase, Goldcorp now has full ownership of the Coffee Gold project in Yukon Territory. According to a feasibility study published by Kaminak at the beginning of the year, the mine proposed for Coffee is expected to produce 184,000 ounces of gold...
Victoria Gold Corp. July 20 posted another round of results from the spring 2016 Olive-Shamrock exploration program, this time from the Shamrock zone. Highlights from drilling at Shamrock include: 31 meters of 1.3 grams per metric ton gold from a depth of 28.9 meters in hole DG16-707C; 28.2 meters of 1.35 g/t gold from a depth of 93.5 meters in hole DG16-714C; 58.4 meters of 0.95 g/t gold from a depth of 38.5 meters in hole DG16-715C; 97.7 meters of 0.93 g/t gold from a depth...
Colorado Resources Ltd. July 18 posted results from eight holes drilled at the Inel zone on the KSP property under option with Seabridge Gold Inc. Highlights from the drilling include: INDDH16-001 cut 11 meters averaging 6.12 grams per metric ton gold, 45.74 g/t silver and 2.18 percent zinc; INDDH16-002 cut 5.6 meters averaging 6.27 g/t gold, 2.79 g/t silver and trace zinc; and INDDH16-006 cut 5.4 meters averaging 5.7 g/t gold, 10.11 g/t silver and 1.53 percent zinc. A total...
TMAC Resources Inc. and Resource Capital Fund VI L.P. July 19 reported the closing of an C$80 million financing that involved issuing 3,975,000 TMAC shares and 1,325,000 Resource Capital shares at C$15.10 per common share. TMAC received roughly C$60 million of the gross proceeds and about C$20 million went to Resource Capital. The net proceeds of the offering to TMAC will be used to advance development of its Hope Bay gold project in Nunavut, specifically for exploration and...
Klondike Gold Corp. July 18 reported the sale of seven mineral properties in southeastern British Columbia - Red Point, Clubine, Ron Gold, Panda Irishman, Cruz-Midway, Thea, and Quartz Mountain - to Rise Resources Inc. As an initial payment, Klondike received C$50,000 in cash: 1.5 million Rise shares and 1.5 million Rise warrants, which allows Klondike to purchase 1.5 million additional Rise shares for C22.7 cents each until July 13, 2018. The common shares now owned by...
Imperial Metals Corp. July 15 said its three mines in British Columbia produced 39.76 million pounds of copper and 27,689 ounces of gold during the second quarter of 2016. The Red Chris Mine in northern British Columbia was the biggest contributor, producing 26.74 million lb. copper and 18,213 oz. gold, increases of 14 percent and 23 percent, respectively, during the first three months of the year. Mill throughput at Red Chris averaged 28,971 metric tons per day. Roughly 77 pe...
