The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 45 of 45
A C$41 million cash infusion early in 2017 ensured Auryn Resources Inc. had the funding to carry out the major exploration programs it had envisioned for its gold properties in Nunavut, British Columbia and Peru. This major financing included a C$35 million strategic investment by Goldcorp Inc., a company that invested heavily in northern Canada gold explorers this year. Goldcorp now owns roughly 12.5 percent of Auryn shares. "With the recent funding from Goldcorp completed...
CopperBank Resources Corp. sees the current transition to renewable energy sources driving the demand for copper higher in the coming years and is focused on identifying world-class deposits of this "green metal" to fill the growing demand. The company was founded by self-proclaimed "realistic environmentalist" Gianni Kovacevic, who drove a Tesla Model S sedan across North America to raise awareness about the symbiotic relationship between the mining and green energy sectors....
Novagold Resources Inc. is focused on the permitting and development of its 50 percent-owned Donlin Gold project in Southwest Alaska. This year, Novagold and Barrick Gold Corp., which owns the other half of Donlin, budgeted US$8 million for a drill program aimed at collecting geologic and geotechnical data to support ongoing optimization efforts for the 40-million-ounce gold project. This is the first significant field program since Donlin Gold LLC - equally owned by...
Redstar Gold Corp. is focused on expanding the epithermal high-grade gold veins at its Unga project in Southwest Alaska. The roughly 100-square-mile (250 square kilometers) Unga property blankets two high-grade gold trends - Apollo-Sitka and Shumagin - that each cut roughly six miles across Unga Island, which is just south of the Alaska Peninsula. Apollo-Sitka hosts Apollo, a historic mine that produced roughly 150,000 of gold from 1886 to 1922. Shumagin, a parallel structural trend about 2,000 meters to the northwest, is...
Hecla Mining Company has a long-running practice of replacing reserves it mines each year at the Greens Creek Mine, a tradition it continued in 2016 despite producing a record 9.3 million ounces of silver at this high-grade underground operation in Southeast Alaska. Going into 2017, Greens Creek had 7.6 million tons of proven and probable reserves averaging 11.7 oz per ton (88.9 million oz) silver; 0.09 oz/t (673,000 oz) gold; 7.6 percent (576,130 tons) zinc; and 2.9 percent (...
Coeur Mining Inc.'s high-grade Kensington gold mine in Southeast Alaska is becoming a hub for expansion into British Columbia and Yukon Territory. In September, Coeur cut a deal to acquire the Silvertip Mine in northern British Columbia. Just south of the Yukon border and about 150 miles east of Kensington, Silvertip hosts 2.35 million metric tons of indicated resource averaging 352 grams per metric ton silver, 9.4 percent zinc and 6.7 percent lead; and 460,000 metric tons of...
Raising C$37.7 million early in 2017, Seabridge Gold Inc. has plenty of cash for robust exploration at its KSM and Iskut projects in northwestern British Columbia. Four of the zones at KSM - Kerr, Sulphurets, Mitchell and Iron Cap - encompass 2.2 billion metric tons of proven and probable reserves averaging 0.55 grams per metric ton (38.8 million ounces) gold, 0.21 percent (10.2 billion pounds) copper, 2.6 g/t (183 million oz) silver, and 42.6 parts per million (207 million...
With the completion of a feasibility study that demonstrates the viability of developing a high-grade underground gold mine at Red Mountain, IDM Mining Ltd. is focusing its exploration on expanding the reserves at this project near Stewart, British Columbia. The 2017 feasibility study outlines plans for a 1,000-metric-ton-per-day operation that is expected to average roughly 78,000 ounces of gold per year over an initial six-year mine-life. Life-of-project direct cash cost is...
With its sights set on becoming the next gold producer in British Columbia's Golden Triangle, Ascot Resources Ltd. carried out a roughly C$20 million exploration and development program at its Premier project that covers a large land package, including the historical Premier gold-silver mine. Premier and the company's adjoining Dilworth property encompass more than 100 square kilometers of gold, silver and base metals deposits and prospects. The Premier property still has infrastructure from the Premier Mine - a past-producer...
Dolly Varden Silver Corp. continued to expand deposits of high-grade silver at its Dolly Varden project during 2017. The deposits identified on this property exhibit both Eskay-like volcanogenic massive sulfide and Brucejack-like epithermal mineralization styles. In 2015, Dolly Varden published a maiden indicated resource of 3.07 million metric tons averaging 321.6 grams per metric ton (31.8 million ounces) silver in four zones - Dolly Varden, North Star, Torbrit and Wolf....
Three world-class deposits in Alaska – Pebble, Donlin Gold and Livengood – are far enough advanced to be considered beyond the exploration stage but not quite ready to break ground on development. Together, these three colossal deposits host more than US$160 billion worth of gold – with Pebble adding nearly another US$200 billion worth of copper, molybdenum and silver at today's metals prices. The jobs and revenue generated from developing operations to mine these three global...
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. The company has identified 71 kimberlites on the 413,000-hectare (1 million acres) Chidliak property, eight of which are considered to be potentially economic. A 2016 preliminary economic assessment for developing two of these kimberlite pipes, CH-6 and CH-7, envisions an open-pit diamond mine with a life of roughly 10...
With world-class mineral deposits, paved roads and commercial power, northern British Columbia is considered by many as a great place to achieve a mining explorer's ultimate goal – find a mine. "The geology has been great up there for 100 million years, but it has only been the last five that we have had run-of-river (hydro-electric) projects, dams – literally billions of dollars of new infrastructure," said Colorado Resources Ltd. President and CEO Adam Travis. The start of...
From a major investment by Goldcorp Inc. to bonanza-grade gold intercepts at its KSP property in northern British Columbia, 2017 has been a golden year for Colorado Resources Ltd. In August, Goldcorp Inc. made a strategic investment that gave the major a roughly a 14 percent interest in Colorado, a stake that could increase to around 19 percent if the major exercises all of the Colorado warrants it holds. This investment was part of a larger financing completed by Colorado....
GT Gold Corp. is a new junior exploration company that is expanding an exciting high-grade gold discovery at its Tatogga property in British Columbia's Golden Triangle. Lying alongside Highway 37, just west of the village of Iskut, Tatogga hosts Saddle, a large gold-in-soil anomaly that was previously overlooked due to a lack of outcropping bedrock. As a private company, GT Gold discovered and sampled Saddle in 2013. Because of the downturn in the mining sector, however,...
Pretium Resources Inc. reached commercial production at its bonanza grade Brucejack gold mine on July 3, making it the newest operator in British Columbia's Golden Triangle. The ramp up to commercial operations went smoothly for the new miner. During commissioning in June and grade ramp-up in July a total of 25,392 ounces of gold were produced from low-grade stockpiles and development muck; plus ore introduced to the mill in July. The process plant averaged 2,699 metric tons...
Dominion Diamond Corp. budgeted US$9 million for exploration around the diamond-rich Lac de Gras region in the Northwest Territories, including a renewed focus on exploration drilling on the Ekati Mine property and kimberlite expansion drilling at Diavik. Leveraging its infrastructure advantage, the company renewed its focus on investigating the diamond potential of the wider Ekati property, where no greenfield exploration has taken place since 2006. Dominion operates the Ekat...
Nunavut is a vast and minerals-rich swath of the Earth's crust and Nunavummiut, or the people who live there, see mining as the foundation of the territory's future. "The mining industry brings employment and career opportunities for residents of Nunavut and provides much-needed economic benefits to families where the cost of living is high," said Nunavut Minister of Economic Development and Transportation Monica Ell-Kanayuk. To create the conditions for a strong mining...
Agnico Eagle Mines Ltd. is on track to have two new gold mines in Nunavut by 2019 and has grabbed a foothold on gold exploration in Yukon Territory. In recent years, the company expanded its presence in Nunavut, a jurisdiction its sees as both politically stable and geologically rich. Agnico's largest producing mine, Meadowbank, and two development assets, Amaruq and Meliadine, are found in this northern Canada territory. Meadowbank, which began operation in 2010, has enough...
North Arrow Minerals Inc. has seven diamond exploration projects in Canada - Naujaat (formerly Qilalugaq), Mel and Luxx in Nunavut; Lac de Gras and Loki in Northwest Territories; Pikoo in Saskatchewan; and Timiskaming in Ontario. The company started 2017 by cutting a deal to acquire Stornoway Diamond Corp.'s interests in Naujaat and Pikoo, which gives North Arrow full ownership of both projects. The company followed up this transaction with a C$5 million private placement,...
