The mining newspaper for Alaska and Canada's North

Articles from the September 7, 2018 edition


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  • Resource expansion drilling White Gold district Yukon

    High-grade gold tapped at Ryan's Showing

    Updated Sep 25, 2020

    White Gold Corp. Sept. 6 announced the discovery of high-grade gold mineralization in multiple shallow drill holes at Ryan's Showing, a target about 2,000 meters west of the Golden Saddle deposit on the company's White Gold property, Yukon. The Ryan's Showing discovery hole, WHTRYN18RC0001, cut 6.1 meters averaging 20.64 grams per metric ton gold from a depth of 83.82 meters. WHTRYN18RC0002, drilled 100 meters west of the Ryan's Showing discovery, cut 13.17 meters averaging...

  • First sealift delivers goods to Back River

    Updated Sep 25, 2020

    Sabina Gold & Silver Corp. Sept. 4 announced that it has received the first sealift to its new Back River marine laydown area, a critical infrastructure component to facilitate transportation of equipment and supplies to the Back River gold mine project in Nunavut. This ability to transport goods to Back River via barge to the laydown area and then a roughly 150-kilometer- (93 miles) long ice road to the mine site provides more efficiency in supporting exploration and...

  • De Beers acquisition of Peregrine Diamonds approved by shareholders

    Peregrine shareholders approve takeover

    Updated Sep 25, 2020

    Peregrine Diamonds Ltd. Aug. 31 reported that its shareholders have overwhelmingly approved the arrangement for De Beers Canada Inc. to buy the Nunavut-focused diamond explorer. In July, De Beers agreed to acquire Peregrine in a cash deal worth roughly C$107 million. Under the terms of the agreement, De Beers is to acquire all of Peregrine's outstanding common shares for C24 cents each, a 50 percent premium to Peregrine's share price of C16 cents on July 18. Peregrine's primar...

  • Australia miner Northern Star Resources buys Pogo gold mine in Alaska

    Northern Star raises cash to buy Pogo

    Updated Sep 25, 2020

    Northern Star Resources Ltd. Sept. 3 raised AU$175 million to help fund its acquisition of the Pogo gold mine in Alaska. In a deal announced on Aug. 30, the Australia-based miner has agreed to pay US$260 million to buy out Sumitomo Metal Mining Pogo, a joint venture between Japanese firms Sumitomo Metal Mining Company (85 percent) and Sumitomo Corp. (15 percent) that owns and operates the mine. Pogo currently has roughly 4.1 million ounces of gold in resources and reserves,...

  • Peak Gold deposit Alaska Contango Ore Royal Gold

    Mining Peak Gold; PEA due out this month

    Updated Sep 25, 2020

    Contango ORE Inc. Aug. 30 said a preliminary economic assessment (PEA) for the Peak Gold (formerly Tetlin) project in eastern Alaska is slated for completion by the end of September. Being advanced by a joint venture between Contango ORE (60 percent) and Royal Gold Inc. (40 percent), the Peak Gold project hosts two parallel gold-rich skarn deposits – Main Peak and North Peak – and 850,000 acres of underexplored and highly prospective land. The two Peak skarn deposits host a g...

  • High-grade gold discovery Golden Triangle northwest British Columbia

    More high-grade gold west of Saddle South

    Updated Sep 25, 2020

    GT Gold Corp. Sept. 4 said this year's planned 18,000-meter drill program is rapidly expanding the Saddle South gold-silver discovery on its Tatogga property in British Columbia's Golden Triangle. So far this year, drilling at Saddle south has tapped high-grade gold to the east, west, south and below the mineralized envelope outlined during the company's maiden drill program carried out last year. One hole drilled to the west of Saddle South, TTD079, cut 40.89 meters of 9.55...

  • Silver zinc lead mine northern BC near Coeur Mining's Kensington gold mine

    Silvertip achieves commercial production

    Shane Lasley, Mining News|Updated Sep 25, 2020

    Less than a year after its acquisition of Silvertip, Coeur Mining Inc. has reached commercial production at the high-grade silver-zinc-lead mine in northern British Columbia. During August, the mill at Silvertip processed an average of roughly 450 metric tons of ore per day, up from around 350 metric tons per day during July and approximately 250 mtpd during June. Processing rates regularly ranged between 500 and 650 mtpd during August and exceeded 800 mtpd late in the month....