The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 9 of 9
Like lots of folks, I was somewhat astounded that Secretary (Hillary) Clinton was able to snatch defeat from the jaws of victory earlier this month. Everyone, of course, expected the left coast states (except for Alaska) to fall in line, and no one could have been caught off guard when the northeast and Illinois voted true blue. Nevada might have been a little disappointing, but Colorado and New Mexico have been lost at sea for a while; and Minnesota was pretty much true to...
Contango Ore Inc. Nov. 17 said it has raised US$5.3 million through the exercise of 587,500 warrants. The holders of these warrants were offered a 10 percent discount to early exercise the warrants for cash to provide the company with financial flexibility. In an unrelated transaction, 62,500 warrants were exercised in a cashless exercise at their original US$10 exercise price. "We are pleased with the large number of warrants recently exercised, which dramatically changed the company's cash position, which now exceeds US$6...
Victoria Gold Corp. Nov. 22 provided an update on a second phase of drilling at its Dublin Gulch project in the Yukon. This phase of drilling was designed to test for extensions to the mineralized zone at the Olive-Shamrock deposit, which was recently incorporated into a feasibility study for Eagle Gold mine project at Dublin Gulch. Victoria said the results of this phase-2 program support the expansion potential of the Olive-Shamrock deposit, particularly to the northeast....
Zonte Metals Inc. Nov. 17 said it has signed a binding letter agreement to option and acquire full ownership of the McConnells Jest property, adjacent to Victoria Gold Corp.'s Dublin Gulch gold mine project in the Yukon. Sporadic exploration at McConnells Jest since 2010 has identified an intrusion related gold system that shows similarities to Dublin Gulch. Soil sampling has produced numerous multi-element anomalies, several of which correlate with discovered bedrock gold...
Golden Predator Mining Corp. Nov. 21 reported the discovery and expansion of high-grade gold targets at the Spades zone, one of three areas where the company has identified coarse gold in quartz veins within a 2,600-acre core area of the 3 Aces property in southeastern Yukon Territory. More than 800 grab, chip, channel and panels samples were collected within the core area over a nearly three-month program that began in August. Results from 350 of these samples have...
Goldstrike Resources Ltd. Nov. 21 reported that a second phase of 2016 bedrock trenching program at its Lucky Strike property Yukon's White Gold District has identified drill ready targets at the property's Monte Carlo zone. The gold zone, which was discovered with trenching earlier this year, is one of fivelarge gold-in-soil anomalies identified at Lucky Strike. In the latest round of results, trench LS-TR-16-10 encountered 44 meters averaging 0.34 grams per metric ton gold....
Amarc Resources Ltd. Nov. 21 announced plans to acquire full ownership of two porphyry projects in north-central and central British Columbia. Joy, the northernmost project, is a porphyry copper-gold target about 15 kilometers (nine miles) north of Kemess district, where Northgate Minerals produced 3 million ounces of gold and 784 million pounds of copper over a 12-year period to 2010 and AuRico Metals recently announced a 628-meter intercept grading 0.53 grams per metric ton...
Ascot Resources Ltd. Nov. 16 reported high-grade gold intercepts from an expansive drill program at its Premier property near the town of Stewart in northwest British Columbia. Highlights from the latest batch of drill results include 13.3 meters of 15.28 grams per metric ton gold in hole P16-1169; and 12.27 meters of 16.73 g/t gold in P16-1178. Both holes were drilled in a flat lying eastern extension of the Lunchroom zone which potentially links the northwest trending...
KSM, an enormous gold-copper project in northwestern British Columbia, has received a federal license for water management facilities located on Mitchell and Sulphurets creeks, tributaries of the trans-boundary Unuk River system that flows through Southeast Alaska. "This important permit highlights the government of Canada's continued support for the environmental standards incorporated into our design of the KSM project," said Rudi Fronk, chairman and CEO, Seabridge Gold, the company that is advancing KSM. The issuance of...
