The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 8 of 8
Coeur Mining Inc. Oct. 9 indicated that it expects strong precious metals production from its Silvertip Mine in northern British Columbia and Kensington Mine in Southeast Alaska during the final three months of 2018. Silvertip, acquired by Coeur late in 2017, reached commercial production on Sept. 1. With repairs to various components of the plant impacting throughput, the Silvertip mill processed an average of 394 metric tons of ore per day during the third quarter. With an...
Pretium Resources Inc. July 9 reported that it produced 92,461 ounces of gold during the third quarter, about 17 percent less than the 111,340 oz produced during the previous three-month period. The Brucejack mill processed 240,122 averaging 12.4 grams per metric ton gold during the third quarter. While the amount of ore processed was up slightly from the 236,990 metric tons during the second quarter, the grade was substantially lower than the 14.9 g/t gold during the April...
Grande Portage Resources Ltd. Oct. 10 said channel sampling of a recently exposed section of quartz vein supports the company's belief that Goat Vein could be another prolific, high-grade gold structure on the company's Herbert Gold property in Southeast Alaska. Herbert Gold hosts 1.1 million metric tons of indicated resource averaging 7.25 grams per metric ton (267,950 ounces) gold; and 423,200 metric tons of inferred resource averaging 6.04 g/t (82,200 oz) gold, according to...
IDM Mining Ltd. Oct. 8 announced that it has been issued the provincial environmental assessment for its proposed Red Mountain gold-silver mine, a milestone that was heralded by First Nations, municipal and provincial leaders from the area of northwestern British Columbia where the underground mine is to be developed. "Responsible natural resource development is an important part of our government's plan to develop sustainable economies in rural B.C, with mining a cornerstone...
Capstone Mining Corp. Oct. 11 announced that it will be shutting down the Minto Mine due to Pembridge Resources' inability to raise the requisite funds to acquire the copper operation in the Yukon. In February, Capstone announced plans to sell Minto to Great Britain-based Pembridge Resources for US$37.5 million in cash, plus working capital adjustments, and common shares representing 9.9 percent of the issued and outstanding shares of Pembridge. Due to unfavorable equity...
GT Gold Corp. Oct. 10 reports that drilling continues to tap long sections of porphyry gold-copper-silver mineralization at the Saddle North discovery on the company's Tatogga property in British Columbia's Golden Triangle. Hole TTD085, reported in September, cut 822.2 meters averaging 0.42 grams per metric ton gold, 0.26 percent copper and 0.62 g/t silver. This long intercept included 430 meters of 0.67 g/t gold, 0.41 percent copper and 0.89 g/t silver from 493 meters to...
Trilogy Metals Inc. Oct. 9 reported high-grade copper and cobalt assay results from four holes drilled outside of the resource area at the Bornite project, part of the company's Upper Kobuk Mineral Projects in the Ambler Mining District of Northwest Alaska. According to a 2016 calculation, the open-pit deposit at Bornite contains 40.5 million metric tons of indicated resource averaging 1.02 percent (913 million lb) copper; and 84.1 million metric tons of inferred resource...
Riversgold Ltd. Oct. 8 reported that it has staked a block of new state mining claims to cover high-grade gold the Australian exploration company has identified between its Quicksilver and Gemuk Mountain gold targets in Southwest Alaska. Known as Midway, this new property covers a section of the North Fork Fault immediately northeast of the company's Luna-Quicksilver property. Reconnaissance mapping and prospecting carried out this summer identified numerous outcropping...
