The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 7 of 7
Contango ORE buys the Golden Zone and Amanita exploration projects held by Avidian Gold Alaska. Avidian Gold Corp. Aug. 7 announced that it has finalized the sale of its Alaskan subsidiary, Avidian Gold Alaska Inc., to Contango ORE Inc. for $2.4 million (C$3.3 million), plus a potential future payment of $1 million (C$1.4 million) if Contango decides to develop a mine at the mineral exploration projects that came with the sale. With the purchase, Contango ORE gains ownership...
Cuts 1,126 meters averaging 0.31% copper-equivalent at the porphyry target on the Thorn property in Northern BC. Brixton Metals Corp. Aug. 6 reported that the second hole of its 2024 drill campaign at the Thorn project in Northern British Columbia encountered 61.5 meters of gold-dominant mineralization before cutting through more than 1.1 kilometers of porphyry copper-gold-silver-molybdenum mineralization. The first two holes of Brixton's 2024 program were drilled at Camp...
Company reports strong Q2 operational gains and cost-efficiency improvements despite market challenges. Mountain Province Diamonds Inc. August 7 announced its second-quarter financial results for 2024 from its Gahcho Kué diamond mine in Northwest Territories, Canada, highlighting strong operational performance and significant cost efficiency improvements despite facing a persistently challenging diamond market. Located about 280 kilometers northeast of Yellowknife, Northwest...
Next set of assays reveal high-grade gold and significant resource expansion potential at Valley. Snowline Gold Corp. Aug. 7 announced more significant drill results from its ongoing exploration campaign at Valley within the company's Rogue project in Yukon, Canada, including a remarkable 471.6 meters averaging 2.4 grams per metric gold from surface. Holding seven prospective targets across the Yukon, Snowline's portfolio is split between its Rogue, Einarson, Ursa, Cynthia,...
Mining's benefits to the state's economy are poised to grow as the world seeks sustainable sources of the minerals Alaska is enriched with. A new study carried out by Alaska-based McKinley Research Group found that mining and minerals exploration contributed over $2.5 billion to Alaska's economy during 2023. "The mining industry continues its role as a powerhouse of Alaska's economy, partnering with local communities to drive significant economic benefits and support...
Southeast Alaska mine on pace to produce 100,000 oz this year; exploration at Kensington and Silvertip show future promise. Coeur Mining Inc. Aug. 7 reported that its Kensington Mine in Southeast Alaska heads into the second half of 2024 on track to produce roughly 100,000 ounces of gold this year, and the summer exploration program at the Silvertip mine project in Northern British Columbia is now underway. "Improved operating performance at Kensington was especially...
Based on the abundance of visible gold in most of the holes drilled thus far, Goliath is expanding the 2024 drill program at Surebet. Goliath Resources Ltd. Aug. 8 reported that Crescat Capital LLC, the company's largest shareholder, is leading a C$3 million (US$2.2 million) financing to expand upon a 2024 drill program that has cut abundant visible gold at Surebet, a roughly 1,800-meter-long corridor at the southern end of the 66,608-hectare (164,592 acres) Golddigger propert...
