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 62
Nickel Creek Platinum Corp. is focused on developing its Nickel Shäw (formerly Wellgreen) project in southwestern Yukon into Canada's next world-class nickel-copper-cobalt-PGM sulfide mine. Towards this objective, the company previously known as Wellgreen Platinum is carrying out the most in-depth a metallurgical program that is the comprehensive analytical undertaking that has ever been applied to Nickel Shäw. This work, which began in 2017, initially focused on flowsheet opt...
Alexco Resource Corp. is making headway toward resumption of commercial mining operations at its Keno Hill Silver District project in the Yukon. In May, the company reported completion of an exploration decline in its Bermingham deposit. The decline provided a platform for 5,000 meters of underground drilling of infill and exploration drilling in and around the upper portion of the very high-grade silver deposit, which contains an estimated 220,000 metric tons of potentially...
Constantine Metal Resources Ltd. continues to advance its flagship property, the Palmer copper-zinc-silver-gold-barite project near the port-town of Haines in Southeast Alaska, as it looks to create a new vehicle to carry its gold properties in Alaska, Yukon Territory and Ontario. The roughly US$9 million exploration program at Palmer is being funded by a joint venture between Constantine Metal Resources (51 percent) and Dowa Metals & Mining Co. Ltd. (49 percent). A new resour...
With continued financial and technical support from Agnico Eagle Mines Ltd. and Kinross Gold Corp., White Gold Corp. carried out a budgeted C$9 million program in 2018 to expand known deposits and explore the larger potential across the roughly 1 million acres (390,000 hectares) of prospective lands it holds in the Yukon's White Gold District. The explorer's massive portfolio of gold properties is a re-assemblage of White Gold prospects legendary Yukon gold prospector Shawn Ry...
The Washington Companies, a group of privately held North American mining, industrial and transportation businesses founded by industrialist and entrepreneur Dennis Washington, acquired Dominion Diamond Corp. in a deal worth US$1.2 billion. "We look forward to owning and operating Dominion for decades to come, with a focus on maintaining safe and prosperous business operations in the Northwest Territories," said Washington. When the deal closed, Patrick Evans, who previously...
Since reaching commercial production at the Doris Bay Mine in 2017, TMAC Resources Inc. has been working toward achieving the gold recoveries, ore throughput and gold output envisioned for this operation on its Hope Bay property in Nunavut. Improvements made to the recovery circuits are obtaining this goal. In May, the mill at Hope Bay produced 9,850 ounces of gold from 28,900 metric tons of ore averaging 12.7 grams per ton gold. This is a 28 percent improvement over November...
Agnico Eagle Mines Ltd. reported substantial progress this year at its Amaruq and Meliadine gold mine development projects in Nunavut that are expected to boost the company's annual gold production to 2 million ounces by 2020. Meadowbank, currently the company's only operating mine in Nunavut, began production in 2010 and is now nearing the end of its gold reserves. The mill and other facilities there, however, will continue operations thanks to Amaruq, a satellite deposit...
With US$17.5 million invested into the Upper Kobuk Mineral Projects (UKMP) in 2018, Trilogy Metals Inc. took major strides in achieving its goal of beginning to develop the vast mineral potential that the world-class Ambler Mining District in Northwest Alaska has to offer. Arctic and Bornite, the two most advanced deposits at UKMP, host roughly 8.9 billion pounds of copper, 3.6 billion lb of zinc, 626 million lb of lead, 77 million lb of cobalt, 770,000 ounces of gold and...
Aston Bay Holdings Ltd. is in search of Congo-style copper and Polaris-size zinc across its Aston Bay property on Somerset Island, Nunavut. The company has a head start on this goal with the 9,000 meters of historical drilling at Storm Copper and Seal Zinc, outcropping high-grade copper and zinc deposits on the property. Aston Bay, however, believes the fluids that deposited copper and zinc at the two surface deposits mineralized other horizons at depth, leaving the real...
Novagold Resources Inc. took several giant steps this year toward its ultimate goal – developing a world-class mine at its 50-percent-owned Donlin Gold project in Southwest Alaska. The 39 million ounces of gold in measured and indicated resource that average 2.24 grams per metric ton gold put this project in the realm of world-class by anyone's standards, even global gold miner Barrick Gold Corp., which owns the other half of Donlin. A major permitting milestone for Donlin was...
TerraX Minerals Inc. has set its sights on unlocking a multimillion-ounce gold district at the Yellowknife City Gold Project, a 772-square kilometer (298 square miles) property north, south and east of the capital of Northwest Territories. Blanketing the same geological trend that hosts the historic Con and Giant mines, which produced a combined 14.2 million oz of gold, the three properties that make up the YCGP – Northbelt, Southbelt and Eastbelt – cover a region known for yi...
North Arrow Minerals Inc. is focused on the identification and evaluation of its seven diamond projects in Canada – Naujaat, Mel and Luxx in Nunavut; Lac de Gras and Loki in Northwest Territories; Pikoo in Saskatchewan; and Timiskaming in Ontario. In February, the company reported the recovery of 64.25 carats of commercial sized diamonds from a 209.8-metric-ton mini-bulk sample collected from the Q1-4 kimberlite at Naujaat. The three largest diamonds from the sample are 5.25,...
Dunnedin Ventures Inc. is focused on exploring Kahuna, a large diamond property about 16 miles (26 kilometers) northeast of Rankin Inlet in Nunavut. Two kimberlites on the property – Kahuna and Notch – host 4.02 million carats of diamonds in 3.99 million metric tons of inferred resource averaging 1.01 carats per metric tons. Chuck Fipke, the renowned geologist that made the diamond discoveries that led to Ekati and the other mines in Northwest Territories, is an advisor and...
Fireweed Zinc Ltd. is focused on advancing Macmillan Pass, a 470-square-kilometer (181 square miles) road-accessible zinc-lead-silver project in Selwyn Basin in southeastern Yukon Territory. Two deposits at Macmillan Pass – Tom and Jason – host 11.21 million metric tons of indicated resource averaging 6.59 percent (1.63 billion pounds) zinc, 2.48 percent (610 million lb) lead and 21.33 grams per metric ton (7.7 million ounces) silver; plus 39.47 million metric tons of inf...
Canada Zinc Metals Corp. changed its name to ZincX Resources Corp. in May, part of a rebranding initiative to highlight and distinguish the explorer in the expanding junior zinc space. ZincX owns zinc-lead-silver properties that blanket 79,870 hectares (197,359 acres) of the Kechika SEDEX (sedimentary exhalative) belt in northeastern British Columbia. The rebranded company has divided this land package into two projects – Akie, which hosts the Cardiac Creek deposit, and the K...
Kutcho Copper Corp. entered British Columbia's minerals exploration scene in 2017 and is already considering the feasibility of developing a mine in the province's northern reaches. Under its former name, Desert Star Resources, this new B.C. explorer cut a deal last June to acquire the high-grade Kutcho copper-zinc-silver-gold project from Capstone Mining Corp. Located about 100 kilometers (60 miles) east of Dease Lake, the Kutcho property hosts three known Kuroko-type...
Aben Resources Ltd. is discovering exciting zones of gold-silver-copper mineralization at Forrest Kerr, a large land package that covers a 49-kilometer- (30 miles) long stretch of northern British Columbia's Golden Triangle. A drill program that got underway in June initially focus on the expansion of high-grade precious metal mineralization discovered at the Boundary North zone last summer. One such hole, FK17-04, cut 10 meters of 6.7 grams per metric ton gold, 6.4 g/t...
International Tower Hill Mines Ltd. continued optimization and environmental baseline studies at Livengood, an 11.5-million-ounce gold project located along a paved highway about 70 miles north of Fairbanks, Alaska. To fund this work, the Alaska-based exploration company raised US$12 million through a non-brokered private placement that involved issuing 24 million shares at US50 cents each. Electrum Strategic Opportunities Fund II, a new International Tower Hill Mines...
Nighthawk Gold Corp. focused its 2018 drill program on expanding a substantial gold resource and investigating the district-scale potential of its 222,203-acre Indin Lake gold property in Northwest Territories. Located roughly 200 kilometers (125 miles) north of Yellowknife, Indin Lake hosts numerous gold deposits, including the historical Colomac open-pit mine, which produced 527,908 ounces of gold during the 1990s. Colomac hosts 50.3 million metric tons of inferred resource...
Spun out of BHP Billiton in 2015, South32 Ltd. burst onto the mining scene with a portfolio of high-quality assets producing aluminum, coal, manganese, nickel, silver, lead and zinc. This Australia-based miner went into business as the world's largest producer of manganese ore and owner of the world's largest silver mine. The company's impressive portfolio also boasts two aluminum smelters and one of the world's leading ferronickel operations. With mines and smelters in...
Victoria Gold Corp. is transitioning from mining explorer to developer with its sights firmly locked on building Yukon Territory's next mine. Toward this goal, the company signed paperwork with Orion Mine Finance, Osisko Gold Royalties Ltd. and Caterpillar Financial Services Ltd. that pulls together a roughly C$505 million financing package – enough to complete development of the Eagle Gold Mine project on its Dublin Gulch property in Yukon. This financing package involves two...
Klondike Gold Corp. is exploring the hills above the legendary Yukon creeks that have produced more than 20 million ounces of placer gold since the stampede to the Klondike in 1898. The company's 527 square kilometers (203 square miles) of mining claims cover a 55-kilometer- (34 miles) long swath of the legendary Klondike Gold District. A roughly 9,000-meter drill program carried out this year focused on gaining a better understanding of the Klondike District property's...
ATAC Resources Ltd.'s Rackla Gold project saw roughly C$13 million of exploration in 2018. Barrick Gold Corp. invested about C$6 million at Orion, a gold project that lies in the middle of the 1,700-square-kilometer (656 square miles) Rackla Gold property. ATAC spent the balance at Osiris and Rau, situated on the east and west ends of Rackla, respectively. Barrick has the option to earn up to 70 percent ownership of Orion by investing roughly C$63.3 million, including a...
Spun out of Dunnedin Ventures Inc. in April, Solstice Gold Corp. is focused on exploring the gold potential at the Kahuna project, a large venture located about seven kilometers (4.4 miles) east of Agnico-Eagle Mines Ltd.'s Meliadine gold mine project in Nunavut. Dunnedin has outlined 4.02 million carats of diamonds in 3.99 million metric tons of inferred resource averaging 1.01 carats per metric ton in two kimberlites at Kahuna. During its diamond exploration, however, the...
Auryn Resources Inc. is a technically driven mineral exploration company focused on delivering shareholder value through acquisition and discovery. The company's portfolio includes the Committee Bay and Gibson MacQuoid gold projects in Nunavut; high-grade Homestake Ridge gold-silver property in British Columbia's Golden Triangle; and a portfolio of gold, copper and silver projects in Peru. Auryn closed a US$9.8 million financing in March and another C$7.3 million flow-through...
