The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 14 of 14
Given the fluidity of the presidential contest, it may not be premature to dust off our hip pocket copy of the U.S. Constitution and worry about what happens if neither of the contenders gets the requisite 270 electoral votes to become the forty-fifth president. The road to 270 votes, at the moment, depends upon whether Mrs. Clinton can hold on to all the solidly blue states, plus most of the left-leaners. Today, Florida (with 29 electoral votes) is a tie. Six others, Ohio (18...
Auryn Resources Inc. Sept. 8 reported the acquisition of all of the issued and outstanding common shares of Homestake Resource Corp. Homestake Resources' primary asset is Homestake Ridge, a high-grade gold mine project in northwestern British Columbia. According to a 2013 calculation, the three main deposits at Homestake hosts 604,000 metric tons of indicated resource averaging 6.4 grams-per-metric-ton (124,000 ounces) gold; 48.3 g/t (939,000 oz.) silver; and 0.18 percent (2.4 million pounds) copper. Additionally, these...
International Tower Hill Mines Ltd. has taken another step along the road to engineering the ideal mine for its Livengood gold project located some 70 road miles northeast of Fairbanks, Alaska. In 2013, the company published a feasibility study outlining a 100,000-metric-tons-per-day operation that would average 577,600 ounces of gold annually, or 8.1 million oz. over an estimated 14-year mine life. The project, however, was estimated to cost about US$2.8 billion to develop...
Redstar Gold Corp. Sept. 12 reported the closing of a C$4.1 million private placement that involved the issuance of 41 million shares at C10 cents each. Eric Sprott acquired 9.6 million of these shares and, together with shares already held, now holds roughly 11.6 percent of Redstar's issued and outstanding common shares. The proceeds from the financing will be used for drilling and other exploration at Redstar's Unga gold project in Southwest Alaska. -SHANE LASLEY...
Constantine Metal Resources Ltd. Sept. 13 provided an update on work programs at the Palmer project in Southeast Alaska, including the start of constructing a road to access the property's Glacier Creek deposit. "A road to the mineral resource at Palmer is a major advancement for the project. It improves our ability to conduct ongoing exploration, environmental and geotechnical work, reduces dependency on helicopters, and enhances the safety of our employees," said Constantine President and CEO Garfield MacVeigh. "It also...
Freegold Ventures Ltd. Sept. 8 provided results from the first hole of a 2016 drill program at the company's Shorty Creek copper-gold project in Interior Alaska. Drilling commenced on Hill 1835, where drilling in 2015 cut 91.4 meters averaging 0.14 grams per metric tons gold, 7.02 g/t silver and 0.55 percent copper, or 0.71 percent copper-equivalent from a depth of 279 meters in hole SC 15-03. Collared about 125 meters southwest of SC 15-03, and in the center of a distinct...
Victoria Gold Corp. Sept. 12 reported results of feasibility study that outlines a technically viable and financially robust mine at the company's Eagle Gold project located on the Dublin Gulch property in central Yukon Territory. The operation described in the feasibility study includes a 33,700-metric-tons-per-day mine encompassing two open pits, Eagle and Olive; a three-stage crushing circuit; two in-valley leach pads; and a gold recovery plant. This operation is...
Alexco Resource Corp. Sept. 13 provided the first round of drill program results in the Bermingham deposit area of its Keno Hill Silver District, Yukon Territory. The company said this drilling has confirmed and expanded Bear zone, the high-grade zone previously discovered at Bermingham. One hole drilled this year, K-16-0608, cut 7.5 meters true width of 2,715 grams per metric ton silver, including 2.4 meters of 6,391 g/t silver in. This high-grade intercept was encountered...
Nighthawk Gold Corp. Sept. 13 reported initial results from the 2016 drill program at its Indin Lake gold property in the Northwest Territories. This 10,000-meter program is focused on expanding the recently discovered high-grade gold mineralization at Zone 1.5 of the Colomac deposit and exploring for additional higher-grade domains. Highlights from five holes drilled at Zone 1.5 include: 52.07 meters (40 meters true width) of 7.72 grams per metric ton gold in hole C16-03;...
Goldstrike Resources Ltd. Sept. 13 said additional prospecting, mapping and sampling has doubled the known length of the Yellow Giant trend to 50 kilometers (31 miles). The company has staked additional claims to cover this extension of the gold trend on its Plateau property in the Yukon Territory. Based on strong initial gold assays and observations of new mineralized outcrop, Goldstrike staked claims covering an additional 12 kilometers (7.5 miles) on trend to the northwest...
Atac Resources Ltd. Sept. 12 provided results from the first three of 10 diamond drill holes planned for the Orion zone, located within the Nadaleen Trend at the eastern end of the company's Rackla gold project, Yukon Territory. Orion was discovered with rotary air blast drilling in 2015. ARB-15-026, the discovery hole, returned 47.24 meters of 3.79 grams per metric ton gold and bottomed in mineralization. Atac followed up at Orion with RAB drilling earlier this year. High...
Rockhaven Resources Ltd. Sept. 8 reported the discovery of a new, near-surface gold-rich zone at its Klaza property in the Dawson Range Gold Belt of southern Yukon. The new zone, dubbed Rex, contains three veins. KL-16-314, the first hole drilled at Rex, cut 1.39 meters of 5.9 grams per metric ton gold, 1.74 g/t silver and 0.006 percent copper from 32.61 meters; 1.42 meters of 10.55 g/t gold, 44.7 g/t silver and 0.315 percent copper from 39.75 meters; and 1.48 meters of 7.74...
Copper North Mining Corp. Sept. 9 reported the start of drilling at its Thor copper-gold property in northwest British Columbia. This drilling will begin at target 3 of Thor East, an area defined by sparse outcrops of granodiorite with copper oxide mineralization in the lower reaches of the mountain that is capped by mafic volcanic rocks that host numerous small veins with copper and gold and extensive alteration zones. Drilling is also planned for Thor West, an area defined...
Golden Predator Mining Corp. Sept. 9 said a sampling program that began in early August has discovered 11 previously unknown mineralized veins at its 3 Aces gold project in eastern Yukon Territory. Visible gold has been observed in five of these newly found veins. Trenching is continuing in advance of a planned October drill program to define and sample the surface expression of outcropping veins and investigate new areas of anomalous gold in soil. Veins exposed by trenching...
