The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 10 of 10
Barrick Gold Corp. and Cisco Systems Inc. have formed a partnership that will likely influence every facet of Donlin Gold, a world-class mine project in Alaska on pace to go into production in 2022. The collaboration, announced Sept. 12, aims to apply Cisco’s cutting-edge digital expertise to Barrick’s current and future world-class gold mines. At this envisioned 21st Century gold mine, shift supervisors are quickly apprised with real-time updates and videos delivered to a han...
Landslides of earth and avalanches of debt are burying WestMountain Gold Inc.’s hopes of exploring and developing its high-grade Terra gold project in Alaska. The latest setback for the company, which has been generating modest cash-flow by sampling high-grade gold veins at Terra, was a physical landslide that buried this bulk-sample area under roughly 25,000 tons of rock and debris. Fortunately, WestMountain had already pulled crews off of the mountainside sampling area d...
Redstar Gold Corp. Sept. 15 reported results from a summer surface sampling and geological mapping program at the Shumagin zone, a 2,000-meter-long structure that is part of the nine-kilometer- (5.6 miles) long Shumagin Trend at the company's Unga gold project in Southwest Alaska. Highlights from this work include a composited continuous chip sample that averaged 37.26 grams per metric ton gold 103.7 g/t silver across 2.3 meters. This sample was taken from a weathered breccia containing rhodochrosite, a manganese carbonate...
Agnico Eagle Mines Ltd. Sept. 16 provided an update on exploration drilling at its Amaruq gold project in Nunavut, including upgraded resources for the Whale Tail and IVR deposits. As a result of drilling through the first half of 2016, the overall mineral resources at Amaruq increased by 13 percent. This project now hosts an inferred mineral resource of 3.71 million ounces of gold in 19.4 million metric tons grading 5.97 grams per gold. This represents an increase of 432,000 oz. of gold compared to the end of 2015. In...
Metallic Minerals Corp. (formerly Monster Mining Corp.) Sept. 19 reported the appointment of Greg Johnson as CEO and chairman. Prior to joining Metallic Minerals, Johnson held the position of president and CEO at Wellgreen Platinum and South American Silver, and was a co-founder and executive at Novagold Resources. He began his career with Placer Dome (now Barrick Gold), where he held various senior roles in domestic and international exploration. Johnson was a co-recipient of the PDAC's Thayer Lindsay International...
Kennady Diamonds Inc. Sept. 19 reported the recovery of 1,278 carats of commercial-sized diamonds from a 612-metric-ton bulk sample from the Kelvin kimberlite at the company's Kennady North project in Northwest Territories. At 2.09 carats per metric tons, the diamond grade of this sample is similar to the 2.02 g/t average of a bulk sample collected from the south limb of the same kimberlite in 2015. "One of the key observations to emerge from our Kelvin bulk sampling programs is the remarkable consistency in overall diamond...
Seabridge Gold Inc. Sept. 19 provided results of an updated preliminary feasibility study for its KSM copper-gold project in northwestern British Columbia. The 2016 PFS incorporates many design improvements over the 2012 PFS and the updated financial projections confirm that KSM is an economic project at current metal prices. The PFS envisions a combined open-pit/underground block caving operation with a 53-year mine life. During the first 33 years, the majority of ore would be derived from open-pit mines with the tail end...
Casino Mining Corp. and Selwyn Chihong Mining Ltd. Sept. 21 reported the signing of a memorandum of understanding with Ferus Natural Gas Fuels Inc. for liquefied natural gas to supply the proposed Casino and Selwyn Chihong mine projects in the Yukon Territory. To ensure proximal and long-term security of supply for the mines, Ferus NGF plans to build and operate a two-phase LNG plant in the vicinity of Fort Nelson, B. C. Each phase, anticipated to be commissioned in 2020 and...
TMAC Resources Inc. Sept. 14 said drilling below the diabase dyke at the Doris gold mine located on the company's Hope Bay property in Nunavut continues to intercept very high-grade gold over minable widths below the shallower Doris Mine reserves. Highlights from drilling the deeper zone, known as Doris North BTD, include: cut 4.2 meters of 43.6 grams per metric ton gold in hole TM50019a; 13.2 meters averaging 26.7 g/t gold in hole TM50025; 5.1 meters of 50 g/t gold in holeTM5...
Brixton Metals Corp. announced that it has raised C$3.3 million through a private placement of units brokered by Red Cloud Klondike Strike Inc. and M Partners Inc. The money raised is planned to be used to advance the company's Thorn gold-rich polymetallic project in northwestern British Columbia and Langis silver project in Ontario, and for general working capital. The financing involved the issuance of 2.89 million units at C70 cents and 1.67 million flow-through common shar...
