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 51
Established in 1891, Hecla Mining Company has survived two World Wars, the Great Depression and numerous crests and troughs of a cyclical metals market that has sunk many of the silver miner's contemporaries over the past 125 years. Over this century-plus span, the Idaho-based miner has grown adept at navigating tumultuous markets in a way that enables the company to be well-positioned for smooth sailing in calm waters. "We have operated through many price cycles; from recessions and depressions to boom times, and it is a tes... Full story
Sumitomo Metal Mining Pogo LLC - a joint venture between Japanese firms Sumitomo Metal Mining Company (85 percent) and Sumitomo Corp. (15 percent) -budgeted roughly US$10 million to continue to expand upon the high-grade gold zones at and around its Pogo Mine in Interior Alaska in 2016. This follows a US$15 million program in 2015 that further defined and expanded East Deep, North and South Pogo, three zones of high-grade gold mineralization adjacent to the current underground workings at the high-grade underground mine.... Full story
Coeur Mining Inc. continues to improve operation performance at Kensington while seeking out and developing higher grade deposits at the Southeast Alaska mine. The 12,400-acre Kensington property is divided into two blocks - Kensington and Jualin - that trace their roots to two historical mines discovered at the turn of the 20th Century. The Main and Raven deposits, located in the Kensington block, hosted 560,000 ounces of gold in 2.83 million short tons of proven and probable reserves averaging 0.198 oz./ton gold at the end... Full story
Pretium Resources Inc. is on pace to fire up operations at its bonanza grade Brucejack gold project in the fourth quarter of 2017. Upon reaching commercial production, the high-grade underground operation at Valley of the Kings is expected to produce 7.27 million ounces of gold over an 18-year mine life, or roughly 404,000 oz. of the precious metal annually, according to a feasibility study completed in 2014. Aiming to upgrade the confidence of resources to be mined during the first three years of operation, the company...
With the goal of finalizing a feasibility study for its Red Mountain project in northwestern British Columbia by early 2017, IDM Mining Ltd. completed roughly 5,300 meters of underground during an initial phase of 2016 drilling during aimed at upgrading and expanding the gold-silver deposit identified there. In April, the company published an updated resource for the project located 15 kilometers (nine miles) northeast of Stewart that includes 1.64 million metric tons of measured and indicated resource averaging 8.36... Full story
Colorado Resources Ltd. owns or has options on five properties that blanket more than 1,000 square kilometers of northwestern British Columbia. The junior’s 2016 exploration focused primarily on KSP, a property the company is optioning from Seabridge Gold Inc. (Seabridge acquired the property as part of its June purchase of SnipGold Corp.) In June, Colorado kicked off drilling at the Inel zone at KSP, where the company’s surface geological work, along with a review of historical drill logs, indicate at least three more tha... Full story
With a goal of bringing more gold into the mine plan for its Eagle Gold project, Victoria Gold Corp. ratcheted up exploration at its Dublin Gulch property in central Yukon Territory. This work focused on Olive-Shamrock, a pair of zones about 2,500 meters northeast of the main Eagle Gold deposit that had no resource estimate going into 2016. The company said Olive and the adjacent Shamrock deposit have the potential to enrich Eagle project economics by adding higher-grade ore, increasing flexibility in mine planning and... Full story
Alexco Resource Corp. owns a number of mineral properties that blanket nearly the entire historic Keno Hill Silver District of central Yukon Territory, including the Bellekeno silver-zinc-lead mine. The company began commercial production at Bellekeno early in 2011. However, in 2013 the company temporarily suspended operations due to lower silver prices. Since the idling of the mill, Alexco has focused on exploration and development of some of the other deposits on the larger Keno Hill property. The company budgeted C$3.3... Full story
Golden Predator Mining Corp. focused its 2016 exploration on 3 Aces and Brewery Creek, two of the company's five mineral properties in the Yukon Territory. At 3 Aces, a high-grade gold project located in southeastern Yukon, the company completed a roughly 750-ton bulk sample of high-grade vein material from the Ace of Spades (formerly Sleeping Giant) vein. In August, the company reported the recovery of 81.4 ounces of gold and 7.77 oz. of silver from the processing of 87.8 dry tons of the bulk sample material. Golden... Full story
Rockhaven Resources Ltd. focused its 2016 exploration program on further defining and expanding the high-grade gold-silver resources at Klaza with the aim of bolstering the outcome of a preliminary economic assessment prepared for the project in southern Yukon Territory. Including the 56 holes drilled in 2015, Klaza now hosts 9.42 million metric tons of inferred resource grading 4.48 grams per metric ton (1.36 million ounces) gold, 89.02 g/t (26.96 million oz.) silver, 0.75 percent (155.4 million pounds) lead and 0.95 percent... Full story
Strategic Metals Ltd. has more than 100 mineral properties in the Yukon, making it the largest claim holder in the territory. These properties, along with projects it has in neighboring Northwest Territories and northern British Columbia, are prospective for gold, silver, lead, zinc, copper, tin, tungsten, vanadium and lithium. The company started off its 2016 exploration by acquiring additional information at some of its most prospective gold projects in Yukon. The work included trenching at OOO, a silver-gold property... Full story
Wellgreen Platinum Ltd. is endeavoring to develop a mine at its namesake platinum group metals-copper-nickel project located near the Alaska Highway in southwestern Yukon Territory. Towards this goal, the company completed a C$14.1 million financing early in 2016. Electrum Strategic Opportunities Fund, the sole subscriber to the private placement, purchased 70.5 million Wellgreen shares at C20 cents per share. The company raised another C$2 million in a separate private placement at C30 cents per share. An updated... Full story
Goldstrike Resources Ltd. continues to find new zones of visible gold across its 3,500-hectare (8,650 acres) Plateau South property in the Yukon Territory. The most recent such discovery was made at a zone called Bonanza, which is located about 4,000 meters away from and along trend with the Goldstack zone, one of the three primary gold zones along a 50-kilometer- (31 miles) trend at Plateau South. In July, the company reported that initial mapping of a 12- by 20-meter outcrop at Bonanza zone identified the most pervasive... Full story
Three years of work to optimize its Prairie Creek zinc-lead silver mine project in Northwest Territories is paying off for Canadian Zinc Corp. In March, this optimization work resulted in an updated and improved pre-feasibility study. A resource calculated late in 2015 outlined 8.7 million metric tons of measured and indicated resources averaging 8.9 percent zinc, 9.5 percent lead and 136 grams-per-metric-ton silver; a 32 percent increase compared to the last resource calculation in 2012. Based on the increased resource, the... Full story
Peregrine Diamonds Ltd. continues to focus on the exploration and potential development of its Chidliak diamond project located roughly 120 kilometers (75 miles) north of Iqaluit, the capital of Nunavut. Since 2008, 71 kimberlites have been identified on the 748,000-hectare (1.85 million acres) Chidliak property, eight of which are considered to be potentially economic. In July, the company published results from a preliminary economic assessment for an initial phase of development at two of these kimberlite pipes, CH-6 and... Full story
Aston Bay Holdings Ltd. is focused on unlocking the copper and zinc potential of its Aston Bay property on northwest Somerset Island, Nunavut. Late in 2015, Aston Bay cut a deal with Commander Resources Ltd. that consolidated this 395,000-hectare (976,066 acres) land package that covers the Storm Copper and Seal zinc projects. In return, Commander now owns about 20 percent of Aston Bay shares. After gaining full ownership of the property, Aston Bay Holdings cut a C$40 million deal with BHP Billiton Ltd. to explore Storm... Full story
Sabina Gold & Silver Corp. is endeavoring to evolve from a successful mining explorer to a mid-tier gold producer by developing its Back River gold project in western Nunavut. The company completed two feasibility studies for the Back River project in 2015. The first, published in May, demonstrated that a 6,000-metric-ton-per-day operation returned compelling economics but requires significant initial capital. As a result, a second feasibility study was undertaken to investigate starting with a 3,000-metric-ton-per-day mine... Full story
Nighthawk Gold Corp. continued to advance exploration at its 200,000-acre Indin Lake gold property with a 8,390-meter drill program looking to add higher grade near surface gold to the project's resource. Located roughly 200 kilometers (125 miles) north of Yellowknife, Northwest Territories, the Indin Lake property hosts a number of gold deposits, including the historical Colomac open-pit mine, which produced 527,908 ounces of gold during the 1990s. In 2013, Nighthawk reported an inferred mineral resource estimate of 39.8 mil... Full story
TerraX Minerals Inc. is carrying out year-round exploration aimed at unlocking a multimillion-ounce gold camp at its Yellowknife City Gold Project, which extends north and south 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 ounces of gold, the company's 118-square-kilometer (45.5 square miles) Yellowknife property blankets a region known for yielding deposits of a scale and grade to be among Canada's great gold... Full story
Dominion Diamond Corp. sorts and sells diamonds it receives through its substantial interests in the world-class Ekati and Diavik mines 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. As of the end of April, Dominion's share of the reserves at Ekati was 110.8 million carats of diamonds, enough to keep the mine in operation into 2033. Mo... Full story
North Arrow Minerals Inc. has seven diamond exploration projects in Canada - Qilalugaq, Mel and Luxx in Nunavut; Lac de Gras and Redemption in Northwest Territories; Pikoo in Saskatchewan; and Timiskaming in Ontario. In March, North Arrow launched a 28-hole (1,577 meters) drill program at Redemption, a diamond project located in the Lac de Gras district of NWT about 32 kilometers (20 miles) southwest of the Ekati Mine. This program, which targeted geophysical anomalies within the central part of the property, did not...
While most mining jurisdictions have seen sharp drops in mineral exploration spending, such investments in Northwest Territories has largely held steady at about C$100 million annually during the past five years. As a result, this diamond-rich territory accounted for roughly 7 percent of mineral exploration spending in Canada in 2016, compared with only about 2 percent in 2011. The ultimate measure of mineral exploration success is not the amount of exploration dollars spent... Full story
With Canada's newest diamond mine looming on the horizon in Northwest Territories, crews at the Kennady North project about seven kilometers (4.5 miles) to the southwest, do not have far to look for inspiration. It is not serendipitous that Gahcho Kué – a mine being ramped up to commercial production by De Beers Canada (51 percent) and Mountain Province Diamonds Inc. (49 percent) – and Kennady North are within eyesight of each other. In fact, Kennady Diamonds Inc. was spun... Full story
Nordgold - a European gold producer with operations in Russia, Kazakhstan, Burkina Faso and Guinea - is applying its arctic experience to the Pistol Bay gold project in Nunavut. Since at least 2014, Nordgold has become increasingly more involved with exploration at Pistol Bay through its investments in Northquest Ltd., a Toronto-based junior that is advancing the 861-square-kilometer (332 square miles) property that blankets 90 kilometers (55 miles) of the Pistol Bay trend, a series of surface-gold occurrences and zones that... Full story
Raising C$14.9 million in May, a well-funded Auryn Resources Inc. anticipated 2016 exploration of its expansive Committee Bay gold project in Nunavut. Three Bluffs, the most advanced of the targets at Committee Bay, hosts 4.32 million metric tons of indicated resource averaging 4.91 grams-per-metric-ton (683,000 ounces) gold; and 5.52 million metric tons of inferred resource averaging 5.43 g/t (965,000 oz.) gold. After a thorough review of the historical data surrounding this deposit, Auryn identified a 4,000-meter-long... Full story
