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
Like all Americans, those of us who live in that part of America that is generally contained in a tiny inset on the lower left corner of traditional maps, have watched and waited as the most improbable of candidates for the White House, one by one, slew the dragons of tradition, aided and abetted by a press corps that is somehow able to draw a distinction between satire and fake news. The President-elect has nominated many of his picks for cabinet and other high-ranking...
Pretium Resources Inc. Dec. 15 reported that the proven and probable reserves at the Valley of the Kings deposit of its Brucejack gold mine project in northwestern British Columbia has increased to 15.6 million metric tons of ore grading 16.1 grams per metric ton (8.1 million ounces) gold. This includes 3.3 million metric tons of proven reserves averaging 14.5 g/t (1.6 million oz) gold, enough ore for the first three years of production at this developing underground gold mine. With construction and development on schedule,...
Teuton Resources Corp. Dec. 19 reported 6.43-meter intercept of 17.83 grams per metric ton gold from a depth of 46.33 meters in the first 2016 hole drilled at the Clone property 20 kilometers (12.5 miles) southeast of Stewart, British Columbia. Hole CL-16-01 was designed to test the depth potential of a trench excavated in 1995 that returned 11.65 g/t gold and 0.18 percent cobalt across nine meters. In addition to the highlighted intercept, CL-16-01 cut 3.05 meters of 3.07 g/t gold from 34.14 meters and 33.6 meters of 1.11 g/...
International Tower Hill Mines Ltd. Dec. 15 said it has arranged a US$22 million non-brokered private placement financing. The offering will consist of 45,833,334 company shares, or roughly 39.4 percent of the 116.4 million shares currently issued and outstanding, at US48 cents per share. Tower Hill intends to use the net proceeds of the private placement to pay a roughly US$14.8 million payment due in January for the acquisition of certain mining claims and related rights in the vicinity of the company's Livengood property;...
As President Barack Obama enters his last month in the White House, his administration has finalized a midnight hour rule that would add another level of regulatory burden on coal miners in the United States. Developed by the Office of Surface Mining Reclamation and Enforcement, a bureau within the United States Department of Interior, this “Stream Protection Rule” is being advertised as a means to ensure that surface and groundwater flows remain in balance in and around a c...
Alaska Lt. Gov. Byron Mallott Dec. 20 said Alaska and British Columbia officials have begun implementation of a recently signed statement of cooperation that addresses transboundary mining and water quality concerns in Southeast Alaska. Signed in October, the statement of cooperation provides for B.C. and Alaska to coordinate on a water quality monitoring program; exchange information on the environmental performance of B.C. mines; and enhance existing opportunities for Alaskans to receive information and comment on new...
G4G Capital Corp. Dec. 20 announced the appointment of renowned Yukon prospector Shawn Ryan to its board of directors. In recent years Ryan has made a number of important gold discoveries in the Yukon, including the 2.2-million-ounce Golden Saddle deposit at Kinross Gold's White Gold property; Goldcorp's roughly 3-million-oz. Coffee deposit; as well as a number of other prospects and deposits being explored in Yukon's prolific White Gold District. "With the addition of Shawn,...
Strategic Metals Ltd. Dec. 19 announced plans to spin-out three precious metals properties in the Yukon - Eureka, Triple Crown (formerly called OOO) and Treble (formerly called LLL) - and sufficient cash to qualify for a listing on the TSX Venture Exchange to Trifecta Gold Ltd. in exchange for Trifecta shares. Eureka is an orogenic gold project in the legendary Klondike goldfields about 70 miles (110 kilometers) road miles south of Dawson City. Triple Crown and Treble are...
