The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 50 of 66
As exploration across most of the North continues to trend downward, the Yukon Territory is celebrating the second straight year of increased spending. Early estimates put exploration in Yukon at about C$99 million for 2015, up roughly 20 percent over the C$80 million spent last year. With a wide swath of zinc-rich deposits in the Selwyn basin, a number of copper-rich porphyries in the Dawson Range, platinum group metal-nickel deposits in the southwest and gold deposits...
Mineral exploration spending in Northwest Territories dipped sharply in 2015. While the final numbers are not in, Natural Resources Canada predicts exploration and deposit appraisal expenditures in the territory to be around C$43.6 million, or less than half the roughly C$95.8 million invested last year. Industry and government leaders in the territory, however, have come together "to develop a robust mineral industry in the NWT." In January, the government announced the...
czn:TSX chairman, President and CEO: John Kearney vp, exploration & coo: Alan Taylor VP, Permitting and Environmental Affairs: David Harpley Canadian Zinc Corp. is focused on optimizing the economics of its Prairie Creek Mine in Northwest Territories with the aim of putting the zinc-lead-silver project into production as soon as possible. In March, the company incorporated drilling completed from 2012 through 2014 into an updated mineral resource estimate that also considered new engineering parameters for the pending...
TerraX Minerals Inc. is on a mission - outline a multimillion-ounce resource along the many high-grade gold zones located at its Yellowknife City Gold Project, which is located about 15 kilometers (nine miles) north of the capital of Northwest Territories. A C$3.5 million cash infusion by Osisko Gold Royalties Ltd. along with nearly C$2.7 million raised separately is helping the explorer to reach its goal. "TerraX has always been committed to putting our dollars into the groun...
CDE:NYSE Chairman: Robert Mellor President & CEO: Mitchell Krebs VP, Exploration: Hans Rasmussen An incentive program that allocates exploration funds based on success has paid dividends for Coeur Mining Inc. and the Kensington gold mine in Southeast Alaska. As a result of this success-driven strategy, the exploration team at Kensington was doled US$9.1 million to expand upon the high-grade gold discoveries made on the property in 2014. As a return on its investment, Coeur Mining was rewarded with a new mine plan that will...
Nunavut's landmass, including the internal waters and offshore lands as legislated by the Nunavut Act, occupies about the size of Greenland or Saudi Arabia. As a proportion of Canada it accounts for roughly one-fifth of the land mass and the territory could contain an equal share of its natural resources. At least half of Nunavut is not properly mapped at a detailed scale in comparison to the rest of the country. However, the federal and territorial government is investing in geological mapping. This allows Nunavut to compete...
Thanks largely to its burgeoning mining sector, Nunavut is leading the Canadian territories in economic growth. With the start-up of the Mary River iron mine late in 2014, Nunavut now has two operating mines and a number of advanced stage gold, uranium, diamond and base metals projects poised to join the ranks in the coming years. "All in all, real gross domestic product (in Nunavut) is expected to grow by 3.8 percent in 2015, the highest rate of growth among the provinces...
CEM:TSX.V Chairman: Wayne Livingstone President & CEO: Garfield MacVeigh VP, Exploration: Darwin Green A partnership forged with Dowa Metals & Mining Co. Ltd. early in 2013 is providing Constantine Metal Resources Ltd. with the funds needed to expand a copper- and zinc-rich volcanogenic massive sulfide deposit at its Palmer project in Southeast Alaska. In 2013, Dowa and Constantine inked a deal that provides the Tokyo-based smelting and mining company with the opportunity to earn a 49 percent stake in the Palmer project by...
Since acquiring Amaruq in 2013, Agnico Eagle Mines Ltd. has elevated the Nunavut property from an intriguing grassroots prospect to a 2-million-ounce gold deposit that could follow the company's Meadowbank Mine as a successful venture in Nunavut. "While it is still at an early stage of exploration, in less than two years, the Amaruq property has advanced from a grassroots discovery to a project that now hosts a significant and growing inferred gold resource. We also see good...
In 2015, junior exploration companies working in Yukon continued to weather the storm of depressed metal prices and cautious markets. Despite the lack of market enthusiasm, exploration spending maintained historically high levels at C$100 million; although one project, the Selwyn-Chihong Selwyn lead-zinc project in eastern Yukon, accounted for 40 percent of the spending. More than 80 exploration programs were undertaken in the territory, ranging from small grassroots projects to multimillion-dollar programs on advanced...
CTGO:OTC MARKETS President and CEO: Brad Juneau Chief Financial Officer: Leah Gaines Contango ORE Inc. has forged an alliance with Royal Gold Inc., a company that promises to invest as much as US$30 million in furthering the exploration and potential development of the Tetlin gold properties situated along the Alaska Highway near the crossroads community of Tok in eastern Alaska. Since acquiring the property in 2008, Texas-based Contango ORE has identified a number of precious and base metal targets across the 750,000-acre...
Five years of systematic exploration has identified nine parallel zones rich in gold and silver at Rockhaven Resources Ltd.'s Klaza property in southern Yukon Territory that are beginning to look as if they may carry the size and grade to be developed into an economic mine. In January, the junior published a maiden inferred resource estimate of 7.04 million metric tons grading 4.19 grams per metric ton (948,348 ounces) gold and 96.23 g/t (21.78 million ounces) silver for two...
DDC.TO: TSX Chairman: Robert Gannicott Chief Executive Officer: Brendan Bell Chief Operating Officer: Chantal Lavoie Dominion Diamond Corp. mines rough diamonds at the Ekati and Diavik mines, both located in Northwest Territories about 300 kilometers (190 miles) north of Yellowknife. The company operates the Ekati Diamond Mine through an 88.9 percent ownership of the project's Core zone as well as a 65.3 percent ownership in the Buffer zone. The 2015 exploration at Ekati focused on the Jay and Sable kimberlite pipes. Jay,...
FM: TSX / FQM: LSE Chairman and CEO: Philip Pascall President: Clive Newall Principal geologist, generative projects: Tim Ireland With seven mines in operation and five mineral projects under development, First Quantum Minerals Ltd. is a growing, diversified miner with a particular focus on copper. Its operating mines and development projects are located in Africa, Australia, Finland, Spain, Turkey and Latin America. Yet the company has no foothold in North America. Carrying forward a relationship built between Inmet and...
FVL: TSX President and CEO: Kristina Walcott VP, Exploration and Development: Alvin Jackson In recent years, Freegold Ventures Ltd. has focused its exploration primarily on Golden Summit, a 6-million-ounce bulk-tonnage gold project located roughly 20 miles (32 kilometers) northeast of Fairbanks and four miles (seven kilometers) from Kinross Gold Corp.'s Fort Knox Mine. In 2015, the company turned its attention to Shorty Creek, a copper-gold project in the Livengood region of Interior Alaska. For at least three decades,...
GSR: TSX-V Chairman, President and CEO: Terry King Chief Operating Officer: William Chornobay Chief Geologist: Trevor Bremner Goldstrike Resources Ltd. continues to find visible gold on surface and in the core from drilling at its Plateau Project in central Yukon Territory. Within the first two days of an early-season prospecting program at Plateau, four samples with visible gold were taken from new target areas up to 550 meters away from the 2013 Gold Dome discovery hole - 7.6 grams per metric ton gold over 9.03 meters in ho...
HL: NYSE President and CEO: Phillips Baker Jr. Chairman: Ted Crumley Senior VP, Exploration: Dean McDonald The low cost of producing silver at the Greens Creek Mine in Southeast Alaska is helping Hecla Mining Co. weather low metals prices. In addition to Greens Greek, the Idaho-based miner operates the Lucky Friday silver mine in Idaho and the Casa Berardi gold mine in Quebec. In June, Hecla bought Revett Mining Co. in an all-share transaction valued at roughly US$19 million. Hecla now owns the Rock Creek mine project in...
IGO: TSX-V President and CEO: Randy Turner VP, Exploration: David Pawliuk Independence Gold Corp. focused its 2015 exploration on drilling the Sunset and Denali zones of its Boulevard gold project, which wraps the west and south sides of Kaminak Gold Corp.'s Coffee project in the Yukon Territory. The Sunset zone is a 2,200-meter-long gold-in-soil anomaly located seven kilometers (4.4 miles) southwest of Kaminak's Coffee deposit. Trench results of up to 7.04 g/t gold across six meters and drill intercepts of up to 2.42 g/t gol...
ITH: TSX / THM: NYSE-A Chairman: Stephen Lang President and CEO: Tom Irwin Chief Operating Officer: Karl Hanneman International Tower Hill Mines Ltd. plans to invest roughly US$10 million to support a 2015 work program that includes metallurgical, field and engineering work aimed at optimizing the mine plan for its 20-million-ounce Livengood gold project in Interior Alaska. Lying along the Elliot Highway about 70 miles northwest of Fairbanks, the Money Knob deposit at Livengood encompasses 15.7 million oz of gold in 802...
KZD: TSX.V Chairman: Peter Meredith President and CEO: B. Matthew Hornor Executive VP, Exploration: David Broughton Kaizen Discovery Inc. is leveraging strong business ties with Japan to explore its early-stage copper projects in Nunavut, British Columbia, Australia and Africa. Shortly after the formation of Kaizen at the end of 2013, Tokyo-based Itochu Corp. provided the exploration company with C$5.1 million to acquire distressed assets around the world. Kaizen acquired its first B.C. properties through an all-shares...
KAM: TSX-V President and CEO: Eira Thomas Executive Chairman: John Robins VP, Exploration: Tim Smith Since drilling the discovery hole at the Coffee gold project in 2010, Kaminak Gold Corp. has established indicated resource of 14 million metric tons averaging 1.56 grams per metric ton (719,000 ounces) gold, and an inferred resource of 79 million metric tons averaging 1.36 g/t (3.43 million ounces) gold. Kaminak budgeted C$30 million to continue the advancement of the Coffee project in 2015. The bulk of this budget, roughly...
KDI: TSX.V Chairman: Jonathan Comerford President and CEO: Patrick Evans VP, Finance and CFO: Bruce Ramsden Kennady Diamonds Inc.'s ultimate goal is to develop next-generation Northwest Territories diamond mine at its Kennady North diamond project located 280 kilometers (174 miles) northeast of Yellowknife. Early in 2015, the company raised C$18.64 million to fund the continued exploration of its diamond property that lies immediately adjacent to the De Beers-Mountain Province Diamonds' Gahcho Kué diamond mine project....
KGC: NYSE/K.TO: TSX Chairman: John Oliver Chief Executive Officer: Paul Rollison Chief Operating Officer: Warwick Morley-Jepson Kinross Gold Corp. continues to carry out robust exploration at and around its Fort Knox gold mine in Interior Alaska, while quietly investigating other prospects around the state. When Kinross began mining at Fort Knox in 1996, the deposit had 4.1 million ounces of proven and probable gold reserves; going into 2015, the mine boasts 2.4 million ounces of gold contained in 263.8 million metric tons of...
KIV: TSX-V Chairman: John Robins Chief Executive Officer: Jim Paterson President: Jeff Ward Exploration Manager: Bill Cronk Kivalliq Energy Corp. is focused on the exploration of its growing portfolio of quality uranium projects in Nunavut and Saskatchewan. Angilak, the flagship of this portfolio, is a 105,280-hectare (275,469 acres) property that blankets a number of high-priority zones including the promising high-grade Lac 50 Trend uranium deposit. Since acquiring Angilak in 2008, Kivalliq has invested more than C$55...
MRO: TSX.V President and CEO: Gregory Beischer Chief Exploration Officer: Philip St. George Through careful execution of the project generator model, Millrock Resources Inc. has built a portfolio of grassroots mineral prospects in Alaska, New Mexico and Mexico. In finding joint venture partners to help fund exploration, the project generator model lessens Millrock's need to raise money in tight equity markets, minimizes the risks involved with grassroots exploration and exposes shareholders to a larger amount of exploration e...
