The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 23 of 23
Golden Predator Mining Corp. Sept. 14 reported the completion of a tightly spaced rotary air blast drill program confirming gold mineralization in advance of bulk sampling from the Sleeping Giant Vein at the 3 Aces Project in eastern Yukon Territory. Highlights from the near-surface mineralization encountered include 9.73 ounces per metric ton gold in hole 3ARAB15-11; 6.84 oz/t gold in hole 3ARAB15-05; and 4.64 oz/t gold in hole 3ARAB15-13. A total of 13 holes totaling 45.73...
Group Ten Metals Inc., formerly Duncastle Gold Corp., Sept. 14 said it has signed an agreement to earn full ownership of the Spy platinum group metal-nickel-copper property in southwestern Yukon Territory. The 1,250-hecatre Spy property is located roughly 40 kilometers (25 miles) southeast of the company's Catalyst project that adjoins Wellgreen Platinum's Wellgreen PGE-Cu-Ni Project. Group Ten has the option to earn a 100 percent interest in Spy by issuing 1.05 million...
Colorado Resources Ltd. Sept. 14 reported that Centerra Gold Inc. has entered into an option agreement to earn an interest in Colorado's Heart Peaks gold project, which is located roughly 45 kilometers (28 miles) northeast of the historical Golden Bear Mine in northwestern British Columbia. Under the terms of the agreement, Centerra can earn a 70 percent interest by funding C$8 million of exploration expenditures at Heart Peaks before the end of 2019. Colorado will be the...
Dolly Varden Silver Corp. Sept. 20 said it has entered into an indicative non-binding term sheet for a senior secured loan with two significant shareholders, Hecla Canada Ltd. and Robert L. Gipson. The loan will provide Dolly Varden C$1.5 million to be used for exploration of the Dolly Varden silver project in northwestern British Columbia and working capital purposes. An additional C$500,000 may be made available to the company at the lenders' discretion. The loan, which is...
Dominion Diamond Corp. Sept. 10 released the results of a preliminary economic assessment for the Sable kimberlite pipe deposit located within the core zone of the Ekati diamond property in Northwest Territories, in which the company holds an 88.9 percent interest. The PEA envisions the recovery of 9 million carats of diamonds from 12.1 million tons of kimberlite over 10 years. This production, along with Jay, would supply ore to the existing Ekati process plant at its full...
Sabina Gold & Silver Corp. Sept. 14 reported positive results for an initial project feasibility study that investigates starting with a 3,000-metric-ton-per-day operation at its Back River gold project in Nunavut. At a gold price of US$1,150 per ounce, this study indicates Back River could generate a post-tax internal rate of return of 24.2 percent and net present value (five percent discount) of C$480.3 million with a pay back of 2.9 years. At an average head grade of 6.3...
Rockhaven Resources Ltd. Sept. 15 provided results from 10 additional holes drilled its Klaza gold-silver property in Yukon Territory. This batch of results is from drilling at the Central Klaza Zone and sub-parallel vein structures that are developed in the immediate hanging wall and footwall of the zone. Rockhaven said the majority of these subsidiary structures are outside of the current mineral resource model. Highlights include: 9.46 grams per metric ton gold, 84.9 g/t...
Strategic Metals Ltd. Sept. 15 reported additional results from a nine-hole, 3,227-meter drill program at its Hopper gold-copper project in southwestern Yukon Territory. In August, the company reported results from the first two holes that included 12.15 grams per metric ton gold and 0.95 percent copper over 2.65 meters of hole 15-01. Highlights from the remaining seven holes include: 0.17 percent copper over 162.5 meters of hole 15-05; 2.4 g/t gold and 1.03 percent copper...
Skeena Resources Ltd. Sept. 14 reported high-grade rock sampling results and the advancement of several prospecting discoveries and geochemical anomalies to drill target status on the Spectrum gold project in Northwest British Columbia. Nine targets have been newly identified or improved by the prospecting work. Drilling was recently completed on two of these prospects and assays are pending. Several others will be tested by drilling before the end of this season. "We keep finding more high-grade prospects that should allow...
Pretium Resources Inc. Sept. 16 said it has secured a US$540 million construction financing package with the Orion Mine Finance Group and Blackstone Tactical Opportunities. The financing, which provides for immediate access to US$340 million at closing, will fund a substantial portion of the costs to develop an underground mine at Pretium's Brucejack gold project in Northwest British Columbia. "The Orion and Blackstone deal has successfully met our objectives to fund the...
While tough market conditions are forcing mining companies to tighten their belts, Teck Resources Ltd. does not see maintaining responsible and environmentally sound operations as an area in which it can afford to trim its budget. That commitment has propelled the diversified miner onto the Dow Jones Sustainability World Index for six years running, ranking it among the top 10 percent of the 2,500 largest companies in the S&P Global Broad Market Index. "We know that the...
Pretium Resources Inc. Sept. 16 said it has secured a US$540 million construction financing package with the Orion Mine Finance Group and Blackstone Tactical Opportunities. The financing, which provides for immediate access to US$340 million at closing, will fund a substantial portion of the costs to develop an underground mine at Pretium's Brucejack gold project in Northwest British Columbia. "The Orion and Blackstone deal has successfully met our objectives to fund the...
Dominion Diamond Corp. Sept. 10 released the results of a preliminary economic assessment for the Sable kimberlite pipe deposit located within the core zone of the Ekati diamond property in Northwest Territories, in which the company holds an 88.9 percent interest. The PEA envisions the recovery of 9 million carats of diamonds from 12.1 million tons of kimberlite over 10 years. This production, along with Jay, would supply ore to the existing Ekati process plant at its full...
Sabina Gold & Silver Corp. Sept. 14 reported positive results for an initial project feasibility study that investigates starting with a 3,000-metric-ton-per-day operation at its Back River gold project in Nunavut. At a gold price of US$1,150 per ounce, this study indicates Back River could generate a post-tax internal rate of return of 24.2 percent and net present value (five percent discount) of C$480.3 million with a pay back of 2.9 years. At an average head grade of 6.3...
Skeena Resources Ltd. Sept. 14 reported high-grade rock sampling results and the advancement of several prospecting discoveries and geochemical anomalies to drill target status on the Spectrum gold project in Northwest British Columbia. Nine targets have been newly identified or improved by the prospecting work. Drilling was recently completed on two of these prospects and assays are pending. Several others will be tested by drilling before the end of this season. "We keep...
Rockhaven Resources Ltd. Sept. 15 provided results from 10 additional holes drilled its Klaza gold-silver property in Yukon Territory. This batch of results is from drilling at the Central Klaza Zone and sub-parallel vein structures that are developed in the immediate hanging wall and footwall of the zone. Rockhaven said the majority of these subsidiary structures are outside of the current mineral resource model. Highlights include: 9.46 grams per metric ton gold, 84.9 g/t...
Strategic Metals Ltd. Sept. 15 reported additional results from a nine-hole, 3,227-meter drill program at its Hopper gold-copper project in southwestern Yukon Territory. In August, the company reported results from the first two holes that included 12.15 grams per metric ton gold and 0.95 percent copper over 2.65 meters of hole 15-01. Highlights from the remaining seven holes include: 0.17 percent copper over 162.5 meters of hole 15-05; 2.4 g/t gold and 1.03 percent copper...
Golden Predator Mining Corp. Sept. 14 reported the completion of a tightly spaced rotary air blast drill program confirming gold mineralization in advance of bulk sampling from the Sleeping Giant Vein at the 3 Aces Project in eastern Yukon Territory. Highlights from the near-surface mineralization encountered include 9.73 ounces per metric ton gold in hole 3ARAB15-11; 6.84 oz/t gold in hole 3ARAB15-05; and 4.64 oz/t gold in hole 3ARAB15-13. A total of 13 holes totaling 45.73...
Group Ten Metals Inc., formerly Duncastle Gold Corp., Sept. 14 said it has signed an agreement to earn full ownership of the Spy platinum group metal-nickel-copper property in southwestern Yukon Territory. The 1,250-hecatre Spy property is located roughly 40 kilometers (25 miles) southeast of the company's Catalyst project that adjoins Wellgreen Platinum's Wellgreen PGE-Cu-Ni Project. Group Ten has the option to earn a 100 percent interest in Spy by issuing 1.05 million...
While tough market conditions are forcing mining companies to tighten their belts, Teck Resources Ltd. does not see maintaining responsible and environmentally sound operations as an area in which it can afford to trim its budget. That commitment has propelled the diversified miner onto the Dow Jones Sustainability World Index for six years running, ranking it among the top 10 percent of the 2,500 largest companies in the S&P Global Broad Market Index. "We know that the...
Colorado Resources Ltd. Sept. 14 reported that Centerra Gold Inc. has entered into an option agreement to earn an interest in Colorado's Heart Peaks gold project, which is located roughly 45 kilometers (28 miles) northeast of the historical Golden Bear Mine in northwestern British Columbia. Under the terms of the agreement, Centerra can earn a 70 percent interest by funding C$8 million of exploration expenditures at Heart Peaks before the end of 2019. Colorado will be the...
Dolly Varden Silver Corp. Sept. 20 said it has entered into an indicative non-binding term sheet for a senior secured loan with two significant shareholders, Hecla Canada Ltd. and Robert L. Gipson. The loan will provide Dolly Varden C$1.5 million to be used for exploration of the Dolly Varden silver project in northwestern British Columbia and working capital purposes. An additional C$500,000 may be made available to the company at the lenders' discretion. The loan, which is...
"Do you hear the people sing? Singing a song of angry men? It is the music of a people who will not be slaves again! When the beating of your heart echoes the beating of the drums There is a life about to start when tomorrow comes!" - The People's Song, Les Misérables Perhaps it is premature to foster hope for revolution; however, it has long been my view that, in the wonderful world of political "science" (as if there is a science to politics), left and right are not a...
