The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 12 of 12
Capstone Mining Corp. Oct. 13 reported higher than planned copper production at its Minto Mine resulting from the processing of high-grade ore from the Minto North deposit. At mid-year, Capstone upped its copper production guidance for Minto to 28,000 metric tons of copper for 2016. With copper grades averaging more than 3 percent, the Yukon operation produced 11,620 metric tons of copper in the third quarter, more than the entire first half of 2016. The mill recorded a...
Nighthawk Gold Corp. Oct. 13 announced plans to complete a C$10.1 million private placement that includes a strategic investment by Kinross Gold Corp. Following the completion of the financing, Kinross will hold roughly 9.5 percent of Nighthawk's issued and outstanding common shares on an undiluted basis. The offering will consist of up to 6.17 million common shares at C50 cents each and up to 10.77 million flow-through shares at C65 cents each. The gross proceeds from the sale of the flow through shares will be used for expl...
Golden Predator Mining Corp. Oct. 13 reported higher than expected gold grades were encountered in several metallurgical and geotechnical holes drilled this year at Brewery Creek, a former producing heap-leach gold operation about 55 kilometers (34 miles) east of Dawson City, Yukon. Three metallurgical holes and one geotechnical hole at the Lucky deposit cut gold mineralization below the historical pit floors. Hole 11 cut 8.2 meters grading 21.3 grams per metric ton gold from a depth of 22.2 meters at the western end of the...
Darnley Bay Resources Ltd. Oct. 17 reported a significant increase in the molybdenum and tungsten resources at the Davidson property in north-central British Colombia. The new resource for Davidson includes 23 holes completed since the last estimate was completed for the property in 2007. A total of 72,815 meters of drilling has been completed in 218 drill holes since exploration of the molybdenum-tungsten property began in the 1950s. All of the historical drill core is available to Darnley Bay. Davidson now hosts 90.08...
Golden Predator Mining Corp. Oct. 17 said it has begun a winter drill program that will target the high-grade gold the company has identified at surface at its 3 Aces project in southeastern Yukon. A progressive joint venture between Boart Longyear and the Liard First Nation, which was awarded the 3 Aces drill contract, is targeting the completion at least 3,500 meters of reverse circulation drilling and 400 meters of core drilling during the fourth quarter. This drilling will test depth and strike extensions of high-grade...
Seabridge Gold Inc. Oct. 18 reported that one hole drilled this summer successfully found the depth extension of the higher grade core of the Iron Cap zone while also discovering a previously unknown deposit with initial gold and copper grades among the best drilled so far at the KSM project in northwestern British Columbia. Hole IC-16-62 was collared well north of previous drilling in an area covered by rubble and ice which had prevented surface mapping and geophysical surveys. The hole targeted the Iron Cap Lower zone...
Kennady Diamonds Inc. Oct. 19 reported the successful completion of a 9,561-meter summer drill program at its Kennady North diamond project in Nunavut. One rig primarily focused on the Faraday 1-3 kimberlite complex, and the second rig was focused on Faraday 2. Towards the end of the program, two infill delineation holes were completed on the Kelvin kimberlite in order to refine the kimberlite pipe shell in two specific areas of this most advanced kimberlite at Kennady North. "Excluding three holes that were abandoned due to...
Kiska Metals Corp. Oct. 13 reported results from a single hole drilled this year at the Copper Joe porphyry copper-gold project in Southcentral Alaska. This drilling consisted of an 806-meter hole targeting the center of a 1,400-meter-wide geophysical anomaly. This hole did not return any significant assay results but did cut 400 meters of hydrothermal breccia with abundant pyrite is that is believed to be the cause of the conductivity low anomaly identified by geophysics. Kiska said the extent of brecciation and the...
Northern Empire Resources Corp. Oct. 18 reported encouraging results from the rock sampling portion of its summer exploration program at its Richardson gold project about 25 miles northeast of Delta Junction in Interior Alaska. Rock chip channel samples were collected in one-meter intervals across 130 meters of an exposed face in the historically mined Democrat Pit at Richardson. One 32-meter-long sample returned 5.73 grams per metric ton gold and 29.8 g/t silver, including six meters of 18.33 g/t gold and 48.95 g/t silver....
Hecla Mining Co. Oct. 18 said it Greens Creek Mine in Southeast Alaska produced 2.4 million ounces of silver in the third quarter, accounting for more than half of the company's silver production for the period. This silver production is a 23 percent jump over the same period last year, thanks to higher grades. Gold production, however, dropped 17 percent to 14,376 oz. due to lower grades. Hecla estimates Greens Creek silver production to be 8.5 million oz. in 2016, significantly higher than the company's original guidance of...
Western Alaska Copper & Gold Oct. 17 reported results from the 2016 drill program at its Round Top copper-molybdenum project in the Illinois Creek Mining District of western Alaska. The goal of this program, which included the first drilling since Anaconda Minerals Co. tested the property in 1981, was to verify historical holes drilled at the east lobe of the Round Top deposit and then step out to test targets identified by recent soil geochemistry and high resolution...
While junior miners have not fully healed from the wounds inflicted by the brutal bear market of the recent past, the Canadian branch of PricewaterhouseCoopers sees improved vital signs for the sector. "It's too early to call it a recovery, but there might be light at the end of the tunnel for the Canadian junior mining sector" PWC wrote in "Signs of Life", its 2016 junior mine report. One such promising sign is that the market cap of top 100 junior mining companies on the TSX...
