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
Agnico Eagle Mines Ltd. Oct. 25 said it expects to produce more gold than previously predicted both this year and next. Based on strong operational performance, the company has raised its gold production guidance for 2018 to 1.6 million, slightly higher than the 1.58 million ounces of gold predicted at mid-year. Given the positive development progress at its Meliadine and Amaruq projects in Nunavut, Agnico Eagle now also expects its 2019 gold production to exceed 1.7 million...
Aston Bay Holdings Ltd. Oct. 23 reported that results from a nine-hole drill program carried out this summer has helped to refine targets for both the copper and zinc mineralization at its Aston Bay property on Somerset Island, Nunavut. The 2018 drill program tested the two main targets identified so far at Aston Bay – Storm Copper and Seal Zinc, outcropping high-grade copper and zinc deposits. Aston Bay believes the fluids that deposited copper and zinc at the two surface d...
Sabina Gold & Silver Corp. Oct. 22 said drilling continues to expand the Nuvuyak discovery, situated about 1,000 meters west of the Goose main deposit at the company's Back River gold project in Nunavut. The Nuvuyak discovery hole, reported by Sabina in August, cut 39.5 meters of 11.58 grams per metric ton gold in a strongly quartz veined, altered and mineralized iron formation sequence with strong similarities to the high-grade Umwelt "Vault" zone. A follow-up hole at...
Grande Portage Resources Ltd. Oct. 22 reported results from the first two holes of a 15-hole drill program out at the company's Herbert Gold project in Southeast Alaska. These initial holes of the 2018 season targeted the central Deep Trench, the southernmost of three major veins drilled so far at Herbert. Hole 18S-1 cut 2.81 meters (2.47 meters true-width) averaging 15.76 grams per metric ton gold and 8.7 g/t silver. Hole 18S-2 cut 9.08 meters (4.81 meters true-width) averagi...
Nighthawk Gold Corp. Oct. 22 reported wide widths of strong gold mineralization from drilling recently completed at Treasure Island, a target at the north end of the company's Indin Lake gold property in Northwest Territories. Located 11 kilometers (seven miles) north of Nighthawk's Colomac gold project, Treasure Island lies along the eastern end of a seven-kilometer- (four miles) long underexplored corridor that hosts several high-priority gold showings, including JPK and...
Mountain Province Diamonds Inc. Oct. 23 reported that the Gahcho Kué Mine in Northwest Territories recovered 1.82 million carats of diamonds during the third quarter. Owned by Mountain Province (49 percent) and De Beers Canada (51 percent), the Gahcho Kué Mine began commercial production in 2017. During the quarter ended Sept. 30, Gahcho Kué processed 759,000 metric tons of material averaging 2.4 carats per metric ton during the quarter. This is 8 percent less than the same pe...
Alaska Industrial Development and Export Authority (AIDEA) continues to be interested in funding the Strategic Metals Complex, or SMC, a rare earth element separation facility that Ucore Rare Metals is planning to develop in Ketchikan, Alaska. In 2014, the Alaska Legislature authorized AIDEA to invest up to US$145 million to help finance the development of a mine at Ucore's Bokan Mountain rare earth deposit on Prince of Wales Island, which is located about 30 miles southwest...
Hecla Mining Company Oct. 23 reported that its Greens Creek Mine in Southeast Alaska produced 1.88 million ounces of silver during the third quarter of 2018, down 20 percent from the 2.34 million oz produced during the same period last year. The Juneau area mine also produced 11,559 oz of gold during the quarter ending Sept. 30, down 7 percent from Q3 2017. The Idaho-based mining company attributes the slight drop in precious metals production at Greens Creek to lower ore...
