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
Millrock Resources Inc. July 29 reported that it has struck a deal with Corvus Gold Inc. to purchase Raven Gold Alaska LLC's assets located in or pertaining to the Goodpaster Mining District of Interior Alaska. As part of the agreement, Millrock has purchased the West Pogo gold property from the Corvus subsidiary. The West Pogo claims cover the projection of a favorable structure that passes through Sumitomo Metal Mining Co.'s Pogo Mine., located about two miles to the east....
Constantine Metal Resources Ltd. July 28 reported that Dowa Metals & Mining Alaska Ltd. has selected a small subset of the Haines Block mining lease that surrounds the Palmer Property to become part of the Constantine-Dowa option and joint venture agreement. The Haines Block is a roughly 99,000-acre property that Constantine leased from Alaska Mental Health Trust Authority, a state corporation within Alaska. Dowa has selected 3,483 acres of this land with both surface and...
Strongbow Exploration Inc. July 24 said it has closed its acquisition of the Sleitat and Coal Creek tin properties in Alaska as well as a C$1 million non-brokered private placement financing. Strongbow acquired the tin properties, from Osisko Gold Royalties Ltd. and Strongbow Director Ronald Netolitzky. Netolitzky has been involved with Thor Gold, a former subsidiary of Solomon Resources Ltd., since the 1980s. Osisko acquired an interest in the Sleitat and Coal Creek propertie...
Royal Gold Inc. July 23 provided an operational update for its streaming and royalty interests at Mount Milligan, Phoenix and Voisey's Bay, as well as an update on exploration at the Peak Gold Joint Venture. Royal Gold estimates spending for Peak Gold, a joint venture with Contango Ore Inc. to explore the Tetlin gold-copper project in Alaska, to be around US$2 million for the quarter ending June 30. A total of US$5 million is planned for an initial phase of 2015 exploration at...
Seabridge Gold Inc. July 28 said initial results from the 2015 core drilling program at its KSM project in northwestern British Columbia points towards a sizeable expansion of the Mitchell deposit at depth, but further evaluation is needed prior to additional drilling. M-15-130, the first hole of the program, cut 174 meters of 0.55 grams per metric ton gold and 0.28 percent copper and M-15-131, drilled more than 200 meters to the northeast, cut 167 meters of 0.81 g/t gold and...
Nighthawk Gold Corp. July 28 reported the start of a 3,000-meter drill program at its Colomac gold deposit in the Northwest Territories. The program will follow up on the success of Nighthawk's 2014 drilling at Zone 1.5, where hole C14-06 intersected 52.50 meters of 7.78 grams per metric ton gold. "The significant results we encountered from Zone 1.5 during our 2014 drill program prove the northern portion of the Colomac sill merits further exploration," said Nighthawk...
Australia-based MinQuest Ltd. July 23 said it has submitted a conditional, non-binding offer for the Wolverine zinc mine in eastern Yukon Territory. MinQuest is examining the potential of utilizing the existing processing and tailings management facilities at Wolverine to fast-track the development of the Kona deposit at its own Fyre Lake copper project, which is located about 28 kilometers (17 miles) to the south. Jeremy Read, managing director of MinQuest, explained: "Using...
Rockhaven Resources Ltd. provided an update on metallurgical testing of material from its Klaza gold-silver property located in the Dawson Range Gold Belt, Yukon Territory. Metallurgical testing was conducted by Blue Coast Research Ltd. on three zone-specific and one property-wide composite. A locked cycle flotation test on a project-wide composite sample, followed by pressure oxidation and carbon-in-leach cyanidation of a gold-bearing sulphide concentrate, yielded overall...
Less than three months after a pending sale of its Whistler property in Southcentral Alaska fell through, Kiska Metals Corp. has found a new buyer for the advanced-stage copper-gold exploration project. Under a binding agreement announced last week, Brazil Resources Inc. will issue Kiska 3.5 million shares in exchange for full ownership of Whistler, including the mining claims and other assets belonging to the project. Brazil Resources' shares were trading at C46 cents per...
