The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 8 of 8
Kinross Gold Corp. Aug. 2 reported that its Fort Knox Mine near Fairbanks, Alaska, produced 91,848 ounces of gold during the second quarter, a nearly 6 percent decrease from the 97,221 oz recovered there during the same period last year. The company attributes the 5,373-oz decrease to a colder spring that affected heap leach performance, which was partially offset by an increase in mill grades. "Fort Knox had a solid quarter as higher mill grades largely offset heap leach...
After nearly three decades of operation, Hecla Mining Company's Greens Creek Mine in Southeast Alaska continues to rank among the largest and lowest cost primary silver mines on Earth. On pace to produce between 7.5 and 8 million ounces of silver at a cost of around US$2.50/oz during 2017, Greens Creek is also the cash generating engine that powers Hecla. "Greens Creek continues to be the dominant source of revenue," said Hecla Mining CFO Lindsay Hall, during an Aug. 3...
Dolly Varden Silver Corp. Aug. 9 reported high-grade silver results from drilling at the Torbit deposit at its namesake property n the Golden Triangle of northwestern British Columbia. Hole DV17-040 cut 12.55 meters, 9.89 meters true thickness, averaging 514.3 grams per metric ton silver in the Lower zone of Torbit. DV17-042, also drilled into the Lower zone, cut 11.70 meters, 8.27 meters true thickness, averaging 204.3 g/t silver. These holes were drilled on the southeastern...
Colorado Resources Ltd. Aug. 4 announced that Goldcorp Inc. is making a strategic investment that will give the major a roughly 14.25 percent interest in the explorer. At the same time, Colorado has cut a deal with Seabridge Gold Inc. to acquire full ownership of the KSP copper-gold project in northern British Columbia. "This is one of the most important milestones in Colorado's eight-year history," said Colorado President and CEO Adam Travis. "Goldcorp's investment will not...
Klondike Gold Corp. Aug. 3 reported the closing of a C$5 million financing, much of which will be applied to an expanded drill program at its 527-square-kilometer Klondike property near Dawson City, Yukon. So far, the now 80-hole drill program has focused on the expansion of Lone Star, one of four gold-bearing targets the company has identified near Eldorado and Bonanza, two of the most prolific placer gold producing streams in the Klondike. "The company has achieved a number of important milestones with the discovery of...
Fireweed Zinc Ltd. Aug. 8 announced it has signed an Option and Exploration Agreement on Newmont Mining Corp.'s MAC claims, which extends northwest from Fireweed's Macmillan Pass zinc project in southeastern Yukon. Selwyn Basin, where both properties are located, is known for the sedimentary exhalative zinc‐lead‐silver deposits found there. The newly optioned MAC claims cover 16,780 hectares (41,460 acres) of the Selwyn Basin, which quadruples the area of Fireweed's Macmillan Pass Project. These claims cover the...
Golden Predator Mining Corp. Aug. 9 reported continued high-grade gold results from drilling and the discovery of a new zone of gold veining at its 3 Aces project in southeast Yukon. The current drilling at 3 Aces continues to focus on the Spades zone, in order to provide appropriate drill density for interpretation and modelling of the gold mineralization in the high-grade vein system. Highlights from 18 holes drilled there - eight reverse circulation and 10 core - include: 4.57 meters of 58.75 grams per metric ton gold in h...
Kennady Diamonds Inc. Aug. 4 reported that the 3,000-meter summer drill program continues to expand the Faraday 2 kimberlite at its Kennady North diamond project in Nunavut. "We are pleased to continue our success from last fall with the exploration of the Faraday 2 kimberlite, with all three holes returning significant and consistent kimberlite intercepts. The results suggest that Faraday 2 is maintaining a constant depth and a significant volume as it tracks in a WNW direction away from Faraday Lake. In a mining scenario...
