The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 10 of 10
StrikePoint Gold Inc. Jan. 16 announced that it has signed a letter of intent to acquire Willoughby, a gold-silver exploration project about 30 kilometers (19 miles) east of Stewart, from Sojourn Exploration Inc. Willoughby is an intrusion related gold-silver project with similarities to IDM Mining Ltd.'s Red Mountain Mine project about seven kilometers (four miles) to the west. Red Mountain, which recently received regulatory approvals to develop an underground mine, hosts...
ATAC Resources Ltd. Jan. 16 said the final results from the 2018 exploration of the highly prospective Bobcat, Condor and Spotlight targets have advanced the company's understanding of the broad controls on mineralization across Rau, a 660-square kilometer (255 square miles) property located at the western end of the ATAC's Rackla Gold property in the Yukon. The company says results of this program continue to provide compelling evidence that the Rackla Pluton is one of...
Skeena Resources Ltd. Jan. 15 reported additional high-grade gold-silver intercepts from the recently completed drill program at the Eskay Creek project in the Golden Triangle of northwestern British Columbia. Skeena cut a deal with Barrick Gold Corp. late in 2017 to acquire the major's interest in Eskay Creek and during 2018 the junior carried out an initial phase of expansion and infill drilling targeting three zones – 21A, 21C and 22 – at this historic gold-silver mine pro...
TerraX Minerals Inc. Jan. 14 announced that, in cooperation with The Geological Survey of the Northwest Territories and The Giant Mine Remediation Project, it was able to recover 16,000 meters of core from historical drilling on Northbelt, one of the properties that make up the company's Yellowknife City Gold Project. In a preliminary review of the core, TerraX geologists have identified visible gold and are currently logging and splitting the favorable sections of core for...
Dolly Varden Silver Corp. Jan. 14 reported the completion of a very successful field program at its namesake property in northwestern British Columbia, a program that included 29,108 meters of core drilling in 85 holes. The 2018 drilling program was designed to focus on resource delineation and verification, particularly in new discovery areas identified in 2017. In 2015, Dolly Varden published a maiden indicated resource of 3.07 million metric tons averaging 321.6 grams per...
Freegold Ventures Ltd. Jan. 16 reported that two holes drilled in 2018 cut wide widths of copper-gold-silver-tungsten mineralization at the company's Shorty Creek project about 75 miles (120 kilometers) northwest of Fairbanks, Alaska. These holes – SC 18-01 and SC 18-02 – targeted a magnetic high within Hill 1835, the most explored porphyry target so far at Shorty Creek. Freegold discovered significant porphyry copper-gold mineralization at Shorty Creek during an inaugural dri...
Coeur Mining Inc. Jan. 14 reported that its Kensington Mine produced 113,778 ounces of gold in 2018, falling short of the 115,000 to 120,000 oz the company anticipated from the Southeast Alaska operation. Coeur said lower-than-expected grades throughout the first nine months of the year was the primary reason Kensington fell short of the company's gold production guidance. During the fourth quarter, the Kensington Mine produced 35,335 oz of gold, 32 percent more gold than was...
Hecla Mining Company Jan. 15 reported that its Greens Creek Mine in Southeast Alaska produced 8 million ounces of silver and 51,493 oz of gold in 2018, compared to 8.4 million oz silver and 50,855 million oz of gold in 2017. The roughly 5 percent drop in silver production at Greens Creek is due to anticipated lower grades. The mill operated at an average of 2,316 tons per day in 2018. This marks the second straight year of record throughput for the Greens Creek mill. This...
Newmont Mining Corp. and Goldcorp Inc. are joining forces to create the largest gold mining company on Earth. This deal will also bring two exciting gold projects in the Yukon, Goldcorp's Coffee Gold Mine project and Newmont's Plateau exploration project, into one portfolio. On Jan. 14 the two gold majors announced they have entered into a definitive agreement in which Newmont will acquire all outstanding Goldcorp common shares in an all-stocks deal valued at US$10 billion. Un...
The proposed combination of Newmont Mining Corp. and Goldcorp Inc. has raised questions about the future of the companies' gold assets in the Yukon and investments in other junior mining companies across Canada's North. Two of the gold projects in the proposed Newmont Goldcorp pipeline are found in the Yukon – Plateau, a large property being explored by Newmont, and Coffee, a project that is nearing the mine development stage. Knowing that the combined gold miner plans to shed...
