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
After a particularly long and painful bear market for the mining sector, the more than 25 percent surge in gold prices since the beginning of the year is lifting the share price of mining and mineral exploration companies in Alaska. “It has been five very long years and hopefully this a start to what is going to be a good run,” Greg Beischer, president and CEO of Millrock Resources Inc., told an audience at a recent Alaska Miners Association meeting in Anchorage. While gol...
Aben Resources Ltd. Sept. 7 reported the start of exploration at its 23,000-hectare (53,830 acres) Forrest Kerr property located in British Columbia's Golden Triangle. The 2016 fieldwork is intended to provide reconnaissance-scale geological exploration across the project, which spans roughly 40 kilometers (25 miles). The newly-constructed access road to Galore Creek, a large copper-gold project being advanced by Novagold Resources and Teck Resources, cuts through the north...
Silver Range Resources Ltd. Sept. 1 reported the signing of an optional sale agreement with an un-named private British Columbia company, related to the Silver Range zinc-silver-lead project in Yukon Territory. Under the terms of a letter of intent, the purchaser may acquire full ownership of the Silver Range project by making a series of timed share issuances to Silver Range as specific milestone events are achieved before the end of 2020. Silver Range will retain smelter ret...
Silver Range Resources Ltd. Sept. 7 said it has staked and conducted preliminary exploration at the Quartzite gold property in Nunavut's Kivalliq region. Located near Kaminak Lake, 130 kilometers (80 miles) southwest of Rankin Inlet, the Quartzite property covers 10 documented gold occurrences along a nine-kilometer (5.6 miles) area. At the West End zone, quartz carbonate veins carry gold with galena and pyrite. Historical sampling of this material returned assay values of up...
Goldstrike Resources Ltd. Sept. 6 said the first hole drilled at the Goldstack zone at its Plateau property, PSGS-16-01, cut 45.5 meters averaging 6.05 grams per metric ton gold. The company said this hole contains the most abundant visible gold seen in drill core to date at Plateau, a Yukon Territory property known for the presence of VG. So far this year, the company has completed 11 holes at Goldstack. All holes have intersected mineralized stockwork and breccia, and the...
IDM Mining Ltd. Sept. 6 published results from 13 underground holes drilled at it Red Mountain gold project, located 15 kilometers (nine miles) east of Stewart, B. C. Highlights from the recent underground drill results include: 13.77 averaging 5.72 grams per metric ton gold and 34.89 g/t silver in hole U16-1181, a step-out south of the Marc zone; 14.19 meters averaging 5.78 g/t gold and 24.15 g/t silver in hole U16-1185, drilled up-dip of Marc; U16-1187: six meters averaging...
Darnley Bay Resources Ltd. Sept. 1 said it has entered into an agreement to acquire full ownership, subject to a royalty, in the Nak copper-gold project, located 80 kilometers (50 miles) northeast of Smithers, B. C. Located in the Babine Lake area of central British Columbia, the road-accessible Nak project occurs in a copper-gold porphyry belt that includes the former Bell and Granisle mines, the Morrison deposit and numerous other advanced prospects. Together Bell and...
A group of the world's largest mining companies have taken the lead in protecting World Heritage sites and are pushing for global governments to follow suit. "The conservation of World Heritage sites is a collective responsibility we all share, and ICMM wants to see more movement from governments to protect them," said Tom Butler, CEO, International Council on Mining and Metals. ICMM is a coalition of 23 global mining companies that include names familiar to Alaska's mining...
Endurance Gold Corp. Sept. 6 said a drill has been mobilized to begin a five-hole drill program at its optioned Elephant Mountain gold property in the Rampart-Manley Hot Springs area of Interior Alaska. In keeping with exploration plans announced in June, three targets within a 1,800- by 600-meters intrusive-hosted gold target have been prioritized for drilling. South Zone, the highest priority drill target, has very few outcrop exposures but has yielded the highest gold...
