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
Kennady Diamonds Inc. Dec. 1 reported the completion of 33,400 meters of drilling during its 2015 exploration program at the Kennady North diamond project in Nunavut. Highlights include the discovery of two pipe-like kimberlites at Faraday 1 and Faraday 2, as well as confirmation of continuity of the strike of the Kelvin kimberlite beyond the current geological model. A 443 metric tons bulk sample recovered from the Kelvin Southeast Lobe returned an average grade of 2.02 carats per metric ton. In addition, roughly 12,600...
Instead of putting up taller fences along the roughly 800-mile (1,300 kilometers) border between Alaska and British Columbia, the neighbors are building a larger negotiating table to work out concerns over the potential development of mines in Northwest B.C. watersheds that drain through Southeast Alaska. The framework for this increased cooperation was laid out in a memorandum of understanding signed by the neighbors Nov. 25. “British Columbia and Alaska share a lot of c...
Barrick Gold Corp. and Novagold Resources Inc. Nov. 30 reported that the Donlin Gold Draft Environmental Impact Statement has been published by the U. S. Army Corps of Engineers, a significant permitting milestone for the 39-million-ounce Donlin Gold project located in the Kuskokwim region of Southwest Alaska. Leaders of Calista Corp., the Alaska Native regional corporation that owns the mineral rights at Donlin Gold, and Kuskokwim Corp., the village corporation that owns the...
Constantine Metal Resources Ltd. Nov. 24 said the 2015 exploration program at the Palmer copper-zinc-silver-gold project in Southeast Alaska resulted in the discovery of new volcanogenic massive sulfide-style prospects; extension of the Palmer deposit; as well as engineering and environmental work that will be needed to advance the project to permitting. Regional exploration of the 100 percent Constantine-controlled Haines Block lands, which surround the core of the Palmer...
Hecla Mining Company Dec. 2 kicked off a year-long celebration marking its 125th anniversary as a mining company in 2016. Hecla President and CEO Phillips S. Baker Jr. addressed the company's milestone during a keynote speech at the welcoming luncheon of the American Exploration & Mining Association Annual Meeting and Exposition in Spokane, Wash. Founded in 1891, Hecla Mining Co. is the oldest mining company on the NYSE. "We have been in business longer than iconic American co...
Canada Zinc Metals Corp. Dec. 2 reported results from two holes targeting the high-grade zinc-lead-silver system in the central core of the Cardiac Creek deposit on the Akie property in northern British Columbia. Hole A-15-30, which tested the down-dip extents of the high grade-core, cut 34.03 meters averaging 3.47 percent zinc, 0.65 percent lead and 7.01 grams per metric ton silver, including 12.5 meters averaging 6.97 percent zinc, 1.38 percent lead and 12.84 g/t silver. Hol...
Victoria Gold Corp. Nov. 26 said it has raised C$1.75 million for a 2016 exploration program at the Olive and Shamrock gold deposits at its Dublin Gulch property in Yukon Territory. The funds were raised through a non-brokered private placement of 10,329,164 flow-through shares at C17 cents each. "This flow-through financing enables Victoria to continue to explore the high priority Olive and Shamrock targets while preserving the hard dollars in the company treasury,"...
Crystal Exploration Inc. Nov. 25 said it has acquired three diamond properties in the Nunavut portion of the Slave Structural Province of the Canadian Shield. The properties encompass the Muskox, Rush and James River diamond-bearing kimberlites. The Muskox kimberlite, which was discovered in 1996 by DeBeers Canada and explored through joint venture with Tahera Corp. to 2006, is known to yield diamond grades during a magmatic phase of 0.53 carats per metric ton and diamond...
Northquest Ltd. Nov. 24 reported results from 18 holes drilled at the Pistol Bay gold project in Nunavut. Most of this drilling, 12 holes, was completed in the western extension area of the Vickers Zone. Highlights from drilling in this area include: PB-15-16, which cut 30 meters averaging 2.1 g/t gold; and PB-15-18 cut 26.18 meters grading 0.82 g/t gold below the hole 16 intercept. The most exciting intercepts were cut in four holes drilled at the eastern end of the deposit....
Aura Silver Resources Inc. Nov. 24 reported results of an eight-hole drill program completed at its Greyhound property in Nunavut. The program was funded and operated by Agnico Eagle Mines Ltd., which entered into an option agreement on the property in 2014. The 2015 drilling focused on the Aura Lake and Dingo areas of the Greyhound property. Hole GHD15-017, drilled east of Aura Lake, cut more than 25 meters of a stockwork zone of quartz-carbonate veining hosted within mafic...
