The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 25 of 45
Goldcorp Inc.’s half-a-billion-dollar purchase of Kaminak Gold Corp. and the Coffee Gold project in Yukon Territory in 2016 marked a major shift for North of 60 mining explorers. Junior mining explorers typically look to the investment community for the venture capital needed to discover rich deposits of minerals. In turn, major mining companies come along and buy the mineral-rich project or the company that discovered it, typically providing a handsome return for the j... Full story
Victoria Gold Corp. has its sights set on developing its Eagle Gold deposit at its Dublin Gulch property into the Yukon's next major gold mine. As development crews begin shaping the coming mine, the exploration team is finding new deposits of gold across the 555-square-kilometer (214 square miles) property. The open-pit, heap-leach operation at Eagle Gold is expected to produce 190,000 ounces of gold annually over a 10-year mine life from 116 million metric tons of reserves...
Alexco Resource Corp. holds rights to mineral claims and leases 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 Keno Hill early in 2011. Due to weak silver prices, however, the Vancouver B.C.-based miner temporarily suspended operations in 2013. This year, Alexco is investing some C$11.9 million for exploration and development expenditures...
With the opening of Gahcho Kué, Northwest Territories is reaping the rewards of past exploration spending across the vast diamond-rich expanse of northern Canada. In fact, the new diamond mine is expected to contribute some C$5.7 billion to Northwest Territories economy by 2028, the end of its currently projected life, according to a report commissioned by De Beers Group of Companies. Northwest Territories Minister of Industry, Tourism and Investment Wally Schumann... Full story
Anchored by strategic investments from Kinross Gold Corp., Osisko Royalties and McEwen Mining, Nighthawk Gold Corp. is focused on expanding the 2.1-million-ounce gold resource at Indin Lake and investigating other high-grade gold opportunities across the 899-square-kilometer (222,200 acres) property located about 160 kilometers (100 miles) north of Yellowknife, Northwest Territories. Indin Lake hosts a number of gold deposits, including zones that extend out from the...
TerraX Minerals Inc. is carrying out year-round exploration aimed at unlocking a multi-million-ounce gold district at its Yellowknife City Gold Project, a 418-square kilometer (161 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 yielding deposits of the...
Kennady Diamonds Inc. is a Toronto-based explorer focused on Kennady North, a rapidly advancing diamond project located about seven kilometers (4.5 miles) northeast of Gahcho Kué - a mine owned by De Beers Canada and Mountain Province Diamonds Inc. Kelvin, the most advanced kimberlite on the property, hosts an indicated resource of 13.62 million carats of diamonds contained in 8.5 million metric tons of kimberlite averaging 1.6 carats per metric ton, according to a maiden...
Over the past six years, Goldstrike Resources Ltd. have been finding zones rich in visible gold across its 570-square kilometer (220 square miles) Plateau property in Yukon Territory - discoveries that have piqued the interest of Newmont Gold Corp. In March, Newmont cut a C$53 million deal to earn up to a 75 percent stake in the expansive and gold-rich Plateau property by paying Goldstrike C$8 million and investing C$38.8 million to explore the gold property over the next decade. The agreement included a C$6 million private...
Atac Resources Ltd. partnered with the world's largest gold-producing company to further the exploration on a portion of its massive Rackla Gold project in the Yukon. Under an agreement signed in April, Barrick Gold Corp. has the option to earn up to a 70 percent stake in the Orion project, which blankets a 780-square-kilometer (301 square miles) section in the middle of Atac's roughly 185-kilometer- (115 miles) long Rackla land package. This deal consists of a potential...
Golden Predator Mining Corp. got off to an early start at its 3 Aces project in 2017, significantly expanding the size of the southeastern Yukon property as well as the high-grade gold zones found there. Early in the year, the company announced the acquisition of the Hy-Jay and Reef gold properties, which expand 3 Aces to 357 square kilometers (138 square miles). With the district consolidated, Golden Predator kicked off a 40,000-meter drill program in February. This work began at the Spades zones – Ace, Queen, Jack, Seven a...
Klondike Gold Corp. is finding hardrock gold in 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 blanket a 55-kilometer- (34 miles) long swath of the legendary Klondike Gold District. After restructuring in 2014, the company has been systematically exploring this expansive property, work that has led to the...
Rockhaven Resources Ltd. is enjoying support from Coeur Mining Inc. at Klaza, a road accessible gold-silver project in southern Yukon. Coeur, which owns the Kensington gold mine about 225 miles (363 kilometers) south of Klaza, participated in a Rockhaven financing and its technical team is assisting Rockhaven as it advances exploration, engineering and metallurgical studies for Klaza. A 2016 preliminary economic assessment for Klaza envisions using a combination of open-pit and underground techniques to mine the 9.42 million...
Freegold Ventures Ltd. kicked off its 2017 exploration with a drill program focused on expanding the oxide gold resource at the Golden Summit property in Interior Alaska. Located about 25 miles north of Fairbanks and about four miles from Kinross Gold Corp.'s Fort Knox gold mine, Golden Summit hosts 61.5 million metric tons of indicated resource averaging 0.69 grams per metric ton (1.36 million ounces) gold; and 71.5 million metric tons of inferred resource of averaging 0.69 g/t (1.58 million oz) gold. The oxide portion of...
As some of the world's biggest gold miners nab exciting plays that turned up across Yukon Territory during the past decade, Yukon's mining explorers continue to seek the next generation of mine projects in the northwestern-most Canadian territory. Many of the up and coming mines in Yukon also are getting a boost from C$360 million in upgrades to roads into some of Yukon's richest mining districts. Known as the Yukon Resource Gateway project, the endeavor to modernize... Full story
Following up on the discoveries made during a C$1 billion exploration explosion in the Yukon from 2007 until 2013, five of the world's largest gold producers are leading a second wave of the 21st Century Yukon Gold Rush. Kinross Gold Corp., which operates the Fort Knox Mine in neighboring Alaska, was the first of the majors to grab a foothold in the Yukon when it acquired the White Gold property in 2009. The real rush of majors to the westernmost Canada territory, however,... Full story
With financial and technical backing from Agnico Eagle Mines Ltd. and Kinross Gold Corp., legendary prospector Shawn Ryan has set out to finish what he started in Yukon's White Gold District. To accomplish this objective, Ryan has put roughly 1 million acres (390,000 hectares) of the White Gold District into White Gold Corp., a newly formed exploration company that owns claims covering roughly 40 percent of this promising gold region. Of the dozens of White Gold prospects...
Goldcorp Inc. has significantly strengthened its foothold on properties across northern Canada in recent months. Beyond the famed C$520-million acquisition of the Coffee Gold project in Yukon Territory, the Vancouver B.C.-based gold producer is investing heavily in junior exploration companies with gold exploration projects in British Columbia, Nunavut and Yukon. In January Goldcorp forked over roughly C$35 million to buy a 12.5 equity interest in Auryn Resources Inc., which...
Millrock Resources Inc. is a project generating mineral exploration company with seven projects in Alaska, three in British Columbia, 15 in Mexico and one in New Mexico. In Alaska, Millrock struck a deal with Kinross Gold Corp. that provides the major the option to earn a 70 percent joint venture interest in Liberty Bell, a road-accessible project about 70 miles southwest of Fairbanks that is prospective for copper-gold porphyry and associated gold deposits. Previous work at...
Kinross Gold Corp. has a two-pronged exploration strategy – focus its own efforts on high-quality brownsfield assets, including the discovery of new resource surrounding its existing operations; and nab a foothold on promising greenfield opportunities through partnerships with high-quality junior exploration companies. The Fort Knox Mine in Interior Alaska is an example of the success the company has had in expanding resources near its mines. In its 21st year of operation, t...
Peak Gold, a joint venture between Contango ORE Inc. and Royal Gold Inc., completed roughly US$11.8 million of exploration in 2017 at Peak Gold (formerly Tetlin), an extensive land package in Eastern Interior Alaska located near the crossroads town of Tok. The Peak Gold property hosts high-grade skarn deposits with gold, silver, copper and other metals. Contango ORE discovered the metals potential of Peak Gold while surveying the area for natural gas in 2008. After a...
Constantine Metal Resources Ltd. is a metals exploration company focused primarily on its Palmer volcanogenic massive sulfide project in Southeast Alaska. Dowa Metals & Mining Co. Ltd., which joined Constantine in advancing exploration and potential development of Palmer in 2013, had invested US$20 million in advancing the VMS project through the end of 2016. This, along with US$2 million deposited into a joint venture account, earned the Tokyo-based smelting and mining company a 49 percent stake in the Palmer. Constantine...
With two world-class metals deposits and strong partnerships Trilogy Metals Inc. aims to develop the Upper Kobuk Mineral Projects in Northwest Alaska into one of the highest grade copper mining districts on Earth. These high aspirations got a boost when South32 Ltd., a coal and base metals miner spun out of BHP Billiton, cut a US$150 million deal with Trilogy to earn up to a 50 percent interest in UKMP, a vast land package that blankets most of the renowned Ambler Mining...
Zinc, copper and gold are the top metals sought by Teck Resources Ltd. In Alaska, this work is dedicated to extending the life of the Red Dog Mine by upgrading high-grade zinc resources near the current mine area and seeking out new deposits across 224,000 acres of highly prospective lands surrounding the Northwest Alaska operation. Going into 2017, Red Dog had 50.9 million metric tons of probable reserves, averaging 15 percent zinc, 4.2 percent lead and 76 grams per metric ton silver. Anarraaq-Aktigiruq, situated roughly...
PolarX Ltd. debuted this year as a new Australia-based exploration company focused on advancing Caribou Dome and Stellar, high-grade copper and copper-gold projects in Southcentral Alaska. This company is the product of a merger between Coventry Resources, a Perth-based junior that had been exploring Caribou Dome for the past two years, and Vista Minerals Pty Ltd., a privately owned "Down Under" explorer that holds the rights to the adjacent Stellar copper-gold project. The pr...
Alaska's minerals exploration sector is on an upswing, thanks to Australian mining explorers looking north and mining majors upping their activities in the state. South32 Ltd., a Perth, Australia-based miner spun out of BHP Billiton Plc, is the largest mining company from Down Under to express an interest in Alaska's mineral potential this year. South32, which has eight operating mines in the Southern Hemisphere, secured an option to acquire a 50 percent interest in Trilogy... Full story
