The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 8 of 8
Graphite One Resources Inc. Nov. 9 announced the completion of a C$812,000 non-brokered private placement offering that involved the issuance of 10.15 million units at C8 cents per unit. Each unit consists of one common share and one transferable warrant that entitle the holder to purchase one full share for C12 cents. The shares are exercisable for two years but are subject to early expiry if the company's shares trade for C21 cents or more for 10 consecutive days on the TSXV Venture Exchange. The net proceeds of the...
Constantine Metal Resources Ltd. Nov. 7 said it has entered an agreement to sell a portion of its gold properties in Ontario for C$4.5 million, funds that it can apply to furthering exploration at the Palmer project near Haines, Alaska. "Upon closing the transaction Constantine will have more than $5 million in cash to co-fund the exploration development of our advanced flagship Palmer copper-zinc-silver-gold project in Southeast Alaska," said Constantine Chairman Wayne...
Redstar Gold Corp. Nov. 7 reported the completion of a 1,505-meter drill program at its Unga gold project in Southwest Alaska. Spaced over a roughly 750-meter stretch of the 2,000-meter-long Shumagin gold zone, the seven holes drilled during this program targeted the lateral and vertical expansion potential of high-grade gold mineralization at various structural elevations. The first two holes, 16SH019 and 16SH020, tested the expansion potential of high-grade vein-breccia...
Northern Empire Resources Corp. Nov. 7 provided results from the summer exploration program at its Richardson gold project in Interior Alaska. This program included 277 line-kilometers of ground magnetic geophysical surveys and the collection of 1,297 geochemical samples. Northern Empire said the geophysical work confirmed the Richardson lineament, a mineralized structural corridor at Richardson, and identified several north-northeast structures that the company has recently...
Dominion Diamond Corp. Nov. 7 announced plans to relocate its corporate office from Yellowknife, Northwest Territories to Calgary, Alberta. This relocation will impact roughly 100 of the company's Northwest Territories-based employees. The majority of its workforce, however, will continue to be employed in the Northwest Territories. In addition to its workforce at the Ekati mine site, Dominion will maintain an office in Yellowknife for certain key positions. The company's...
Comstock Metals Ltd. Nov. 8 reported broad gold intercepts from rotary air blast drilling at its QV property in the White Gold district of the Yukon. The best hole from latest batch of drill results, 16QVRAB017, cut 12.19 meters averaging 5.53 grams per ton gold from a depth of 83.82 meters, within a wider interval of 57.91 meters averaging 1.89 g/t. The broader intercept has slightly higher grades than the inferred resource at the property's VG zone - 4.39 million metric...
TMAC Resources Inc. Nov. 3 said its Hope Bay gold mine in Nunavut remains on schedule to begin production early in 2017. "We remain on track and essentially on budget with our progress to advance the Hope Bay Project towards commercial production in early 2017," TMAC CEO Catharine Farrow said. "As of this week, we are approximately 89 percent complete with construction and assembly and have spent 88 percent of the amount estimated in the 'path to production' plan." By the end...
In the final stretch of the United States presidential election, it became increasingly apparent that the system was rigged in favor of gold. Hillary Clinton, who was the odds-on favorite to win the White House throughout the general election, carries the baggage of perceived criminal misconduct associated with the Clinton Foundation and her tenure as Secretary of State. Donald Trump, on the other hand, is a political outsider running on a platform of shaking up the status...
