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
StrikePoint Gold Inc. Dec. 3 announced that drilling continues to cut high-grade gold at its Willoughby project in British Columbia's prolific Golden Triangle. StrikePoint acquired Willoughby from ArcWest (formerly Sojourn Exploration Inc.) in March for C$85,000 in cash and 3 million StrikePoint shares. An intrusion related gold-silver project with similarities to Ascot Resources Ltd.'s Red Mountain Mine project about seven kilometers (four miles) to the west, Willoughby is...
Nighthawk Gold Corp. Dec. 3 said recent drilling shows that Zone 2.0 at Colomac is getting thicker with depth, which indicates significant resource expansion potential for this central project on the company's 899-square-kilometer (222,203 acres) Indin Lake gold property in Northwest Territories. Indin Lake hosts seven major project areas – Colomac, Leta Arm, Damoti Lake, Treasure Island, JPK, Fishhook and Echo-Indin – each with multiple gold exploration targets. Colomac, how...
GT Gold Corp. Dec. 2 reported long sections of porphyry copper gold mineralization in three more of the holes drilled this year into the Saddle North discovery on its Tatogga property in northwestern British Columbia. Since first tapping Saddle North during 2018, GT Gold has outlined a porphyry body that measures roughly 1,500 meters down-plunge, 700 meters along strike and is 200 to 560 meters thick. Within this broader zone of mineralization is a core of higher-grade...
Victoria Gold Corp. Dec. 4 announced a 22 percent increase in gold reserves at Eagle, which is expected to translate into increased annual production at the company's newly developed mine in the Yukon. The Eagle Mine went into production earlier this year with 2.66 million ounces of gold in 123 million metric tons of reserves averaging 0.67 grams per metric ton gold, enough ore for Yukon's newest large mine to produce roughly 200,000 oz of gold annually over an initial...
Redstar Gold Corp. Dec. 2 said it has identified a 10-kilometer-long trend on its Unga project in Alaska that hosts seven, kilometer-scale alteration zones and several smaller ones capable of hosting bulk tonnage copper and gold mineralization in porphyry and epithermal systems. The Unga project, which is on the Unga and Popov islands just south of the Alaska Peninsula, is best known for its high-grade gold. According to historical reports, the Apollo and adjacent Sitka mines...
Pembridge Resources plc Dec. 4 announced that its revenue from the restart of operations at the Minto copper mine in the Yukon now exceeds US$7 million. United Kingdom-based Pembridge, which finalized a deal in June to acquire Minto from Capstone Mining Corp., resumed operations at the mine in October. To ensure steady revenue from Minto, the new mine owner entered into an offtake agreement with Sumitomo Corp. for the copper concentrates produced there. Under this agreement,...
SPARKS, Nev. – The notoriously long timeline for permitting a mine in the United States may soon be shortened. This reprieve is not from the various renditions of mine permit reform that has been introduced to Congress over the past decade but from an agency in Washington D.C. that most people have never heard of – the Federal Permitting Improvement Steering Council (FPISC). Alexander Herrgott, executive director of FPISC, drew the nervous laughter he was expecting when he...
Ascot Resources Ltd. Dec. 2 said the high-grade gold mineralization in the third round of results from this year's drilling at Silver Coin continues to show the potential for this property to be a significant contributor to the company's plans to resume operations at the Premier Mine near Stewart, British Columbia. Acquired by Ascot toward the end of 2018, Silver Coin is part of a more than 250-square-kilometer (97 square miles) of gold-silver properties the company has...
