The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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As exploration across most of the North continues to trend downward, the Yukon Territory is celebrating the second straight year of increased spending. Early estimates put exploration in Yukon at about C$99 million for 2015, up roughly 20 percent over the C$80 million spent last year. With a wide swath of zinc-rich deposits in the Selwyn basin, a number of copper-rich porphyries in the Dawson Range, platinum group metal-nickel deposits in the southwest and gold deposits...
ATC: TSX-V President & CEO: Graham Downs VP, exploration: Julia Lane Chief Operating Officer: Ian Talbot In 2015 ATAC Resources Ltd. continued to expand the Carlin-type gold discoveries made at its Rackla Gold project in Yukon Territory with a C$3 million phase-1 exploration program that began in June. This work primarily focused on the Conrad Zone and 18-sqaure-kilometer Anubis cluster within the Nadaleen Trend, a 30-kilometer- (20 miles) long subset of the company's east-west extending land package that blankets an area...
Five years of systematic exploration has identified nine parallel zones rich in gold and silver at Rockhaven Resources Ltd.'s Klaza property in southern Yukon Territory that are beginning to look as if they may carry the size and grade to be developed into an economic mine. In January, the junior published a maiden inferred resource estimate of 7.04 million metric tons grading 4.19 grams per metric ton (948,348 ounces) gold and 96.23 g/t (21.78 million ounces) silver for two...
SMD: TSX President and CEO: W. Douglas Eaton Chairman: Bruce Youngman Chief Operating Officer: Ian Talbot Strategic Metals Ltd. has more than 125 mineral properties in the Yukon, making it the largest claim holder in the territory. These properties, along with five in northern British Columbia, are prospective for gold, silver, lead, zinc, copper, tin, tungsten, vanadium. As a prospect generator, Strategic identifies and stakes promising projects and completes initial exploration to confirm the geologic potential of its...
Atac Resources Ltd. Oct. 6 said regional-scale exploration has identified a sizable gold-in-soil anomaly about five kilometers (three miles) southeast of tis Tiger gold deposit within the Rau Trend at the western end of its Rackla gold project in Yukon Territory. The anomaly was identified during a wide-spaced soil sampling grid extension southeast of the Bengal showing, which is located 3.2 kilometers (two miles) south of the Tiger Deposit. Results from this sampling...
Atac Resources Ltd. Aug. 25 reported the discovery of a new gold zone at the Anubis Cluster within the Nadaleen Trend of the Rackla Gold Project in central Yukon. Rotary air blast drilling conducted 300 meters west of the Anubis Zone intersected 47.24 meters of 3.79 grams per metric ton gold at what is now called the Orion target. Gold mineralization in this hole, ARB-15-026, started at 15.24 meters and was continuously mineralized to the bottom of the hole. "This hole is...
Atac Resources Ltd. June 22 said it has begun the first phase of 2015 drilling and exploration at its Rackla Gold project in the Yukon Territory. The phase-1 work will focus on expanding the Carlin-type gold discoveries at the Conrad zone and Anubis cluster within the Nadaleen Trend. The objectives of this roughly C$3-million program include: shallow diamond drilling to continue testing the eastern portion of the Conrad Upper zone; drilling target at the untested area between...
Atac Resources Ltd. March 24 reported plans for the initial phase of the 2015 exploration and drill program at its Rackla Gold project in the Yukon Territory. The majority of this C$3-million program will be conducted within the Nadaleen Trend and will focus on expanding the Conrad zone and advancing the Carlin-type gold discoveries within the Anubis Cluster. The objectives of the phase-1 exploration include: shallow diamond drilling to continue testing the eastern portion of the Conrad Upper zone; drilling target at the...
ATC: TSX-V President: Robert Carne Chief Executive Officer: Graham Downs Chief Operating Officer: Ian Talbot Atac Resources Ltd. continues to build upon ongoing success at it Rackla Gold project in east-central Yukon Territory. The initial phase of the 2014 exploration program targeted recent Carlin-type gold discoveries at the Osiris and Anubis areas within the Nadaleen Trend, a 50-kilometer- (30 miles) long subset of the company's east-west extending land package that blankets an area more than 185 kilometers (114 miles)...
In 2014, many junior exploration companies work to preserve capital by undertaking modest exploration programs. The injection of funding into the Yukon Mineral Exploration Program continues to be a valuable source of seed money for prospectors and juniors. The Government of Yukon increased its 2014 program funding to C$1.4 million from C$1.17 million in 2013. Forty-eight placer and hardrock exploration projects received funding in 2014. The program also has increased its limits from C$35,000 to C$50,000 matching dollars per...
Unlike its neighbors in the North, the Yukon Territory is forecasting a marked increase in exploration in 2014. While well shy of the roughly C$300 million invested in exploration in 2011, the peak of the modern Yukon gold rush, the C$65 million forecast to be invested on exploration in the Yukon during 2014 is roughly a 45 percent leap over last year. This exploration spending is dominated by an aggressive drill program at the Selwyn zinc project, situated in an area of...
WHITEHORSE, Yukon Territory - Quieter streets, emptier skies, shorter business hours and closed shops here are sure signs of tough times in the mining industry. Hours away by helicopter, one can find bare-bones exploration camps and skeleton staffs sprinkled like the occasional grain of visible gold across remote mountain vistas, which also reflect the return to the frugal times of the past. In the wake of more than two years of scarce capital, mineral exploration activity is a shadow of the booming times the territory...
AEM: TSX / NYSE President and CEO: Sean Boyd Senior Vice President, Operations: Yvon Sylvestre Senior Vice President, Exploration: Alain Blackburn Mid-tier gold producer Agnico-Eagle Mines Ltd. is focused on its advanced-stage Meliadine project and its Meadowbank Gold Mine located in central Nunavut. The Meliadine project, acquired by Agnico-Eagle in 2010, covers more than 80 kilometers (50 miles) of a greenstone belt, and is one of the company's primary exploration focuses. As of Dec. 31, 2012, Meliadine had reserves of 3 mi...
President: Ming An Fu Geologist: Wanjin Yang Anthill Resources Ltd., a privately held mining investment company, is focused on the Einarson Project located in east-central Yukon Territory adjacent to the Rackla Project being explored by Atac Resources Ltd. Multiple Carlin pathfinder anomalies are found here in a Carlin-favorable geological setting. Anthill optioned Einarson, a package of 11,597 claims covering more than 2,400 square kilometers (926 square miles) from Yukon prospector Ron Berdahl who staked it on the premise...
ATC: TSX-V President: Robert Carne Chief Executive Officer: Graham Downs Chief Operating Officer: Ian Talbot Atac Resources Ltd., a member of the Strategic Exploration Group, followed up in 2013 several past seasons of exploration success on the Rackla Gold project located in the Mayo Mining District of east-central Yukon Territory. The project encompasses more than 8,000 mineral claims and covers 1,700 square kilometers (about 656 square miles) in an east-west extending land package more than 185 kilometers (114 miles) long...
In 2013, the mineral industry globally has been buffeted by financial challenges. Development infrastructure has seen major cost increases. Multinational corporations have had major write-downs of assets associated with falling mineral prices. Junior exploration companies have not been able to raise venture capital for funding projects as investors appear to be shying away from what is seen as a risk investment. Yukon was not exempt from these challenges. Most exploration programs were downscaled with emphasis on lower-cost...
Asubstantial amount of exploration activity continued apace in Yukon Territory this season despite the truncated budgets that forced most mining companies to juggle their projects and priorities. Some exploration companies found creative ways to raise capital, turning out their pockets to return to Yukon in 2013 to explore for Carlin-style gold mineralization in the east-central region of the territory, for more gold-bearing structures in the White Gold and Klondike districts to the west and for other styles and types of...
CXO: TSX-V President and CEO: Adam Travis Executive Chairman: Larry Nagy Vice President, Exploration: Greg Dawson Chief Geoscientist: Jim Oliver Colorado Resources Ltd. focused in 2013 primarily on exploring its North ROK and 75-percent-optioned Eldorado properties near the Red Chris mine development area about 70 kilometers (43 miles) south of Dease Lake in northwestern British Columbia. North ROK is comprised of 14 mineral tenures covering 5,188 hectares (12,820 acres). The company also owns the Hit and Heart Peaks properti...
SMD: TSX-V President and CEO: W. Douglas Eaton Chairman: Bruce Youngman Chief Operating Officer: Ian Talbot Strategic Metals Ltd. has the largest mineral property portfolio in Yukon Territory, with more than 150 properties. In addition to 14 properties optioned to third parties, the company is exploring the Midas Touch Project, which covers 1,200 square kilometers (463 square miles) adjacent to significant new Carlin-style drill discoveries made by ATAC Resources Ltd. and Anthill Resources Ltd. in east-central Yukon...
Young people working on mining projects in Yukon Territory are nothing new. But young people in charge, running the show at some of the most exciting mining projects in Canada's Far North? That's different and was noticeable in several camps during the 2013 field season. Whether in grassroots exploration, at advanced projects or in producing mines, a new generation of 30-something and even younger professionals, appears to be taking the lead in the Yukon. The trend even extends beyond mining to government, where Currie...
A substantial amount of mining activity continued apace in Yukon Territory this season even though most mining companies are shying away from the anorexic capital markets. Many exploration companies raised funds in other ways, turning out their pockets to return to Yukon in 2013 to explore for Carlin-style gold mineralization in the east-central region of the territory, for more gold-bearing structures in the White Gold and Klondike districts to the west and for other styles and types of mineralization elsewhere in the territ...
VANCOUVER, B.C. - British Columbia, Alaska and Yukon Territory - the headliners of the Association for Mining Exploration British Columbia's 2013 Mineral Exploration Roundup - tallied more than C$1 billion of mineral exploration spending in 2012. This marks the second year running that these neighboring jurisdictions at the northwestern extent of the North American Cordillera topped the C$1 billion mark. But unlike the 2012 Roundup, a year in which explosive exploration...
President: Ming An Fu Chief Geologist: John Li, Ph.D. Project Manager: Carl Schulze, P.Geo Founded in 2009, Anthill Resources Ltd. is a privately held mining investment company focused on the Einarson Project located in east-central Yukon Territory adjacent to the Rackla Project being explored by Atac Resources Ltd. Multiple Carlin pathfinder anomalies are found here in a Carlin-favorable geological setting. Anthill optioned Einarson, a package of 11,597 claims covering more than 2,400 square kilometers (926 square miles) fro...
ATC: TSX-V President: Robert C. Carne, M.Sc., P.Geo. Chief Executive Officer: Graham N. Downs Chief Operating Officer: Ian J. Talbot Atac Resources Ltd., a member of the Strategic Exploration Group, concentrated again in 2012 on the Rackla Gold Project located in the Mayo Mining District of east-central Yukon Territory. The project encompasses more than 8,000 mineral claims and covers 1,600 square kilometers (about 618 square miles) in an east-west extending land package about 185 kilometers 114 miles) long by 15 kilometers...
Mining continues to be a cornerstone of Yukon's economy, with extraordinary mineral deposits, including both precious and non-precious metals. The Government of Yukon is committed to providing an internationally competitive investment climate. To this end, we continue to provide regulatory certainty around environmental assessment, permitting and licensing of projects. Yukon's exploration and mining industries are settling in for the long term. After a record-breaking year for claim staking and exploration spending in 2011,...
