The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 75 of 162
ATAC Resources Ltd. Sept. 13 reported high-grade gold and copper from drilling and additional rock samples collected from the Bobcat skarn target at Rau, a 660-square kilometer (255 square miles) project at the western end of the company's 185-kilometer- (115 miles) long Rackla Gold property in the Yukon. While prospecting Bobcat this year, crews collected grab samples with 41.9 grams per metric ton gold and 10.55 percent copper; and 16.15 g/t gold and 7.24 percent copper....
Yukon Territory, a mineral exploration frontrunner in Canada's North, is witnessing a significant slowdown in 2019. As a result, growth in Yukon's economy is expected to slow this year but rebound in 2020, according to The Conference Board of Canada. In its "Territorial Outlook Economic Forecast: Summer 2019," released in June, the board said new mines coming online in 2020 will drive Yukon's growth in the near future. Several factors, however, have converged to put the...
The mining sector has lost one of its rising geology superstars to a tragic plane crash in the Yukon. While flying from ATAC Resources Inc.'s Rackla Gold property, a Cessna 208 Caravan operated by Alkan Air crashed en route to the Yukon community of Mayo on Aug. 6. ATAC Resources Inc. Vice President of Exploration Julia Lane was the lone passenger aboard the aircraft being flown by 24-year-old Shawn Kitchen. Both Lane and Kitchen were pronounced dead at the crash site about...
ATAC Resources Ltd. July 16 said initial results from this year's exploration at Rau continues to expand the mineral potential across the 660-square kilometer (255 square miles) project at the western end of the company's expansive Rackla Gold property in the Yukon. Currently, Rau is anchored by Tiger, a carbonate replacement body with 5.68 million metric tons of measured and indicated resources averaging 2.66 g/t (485,700 oz) gold. However, the project hosts numerous styles...
Cantex Mine Development Corp. April 15 announced the start of a 2019 exploration program at North Rackla that is slated to include sampling, geophysics and 18,000 meters of drilling at this high-grade zinc-silver project in the Yukon. Following a successful drill program in 2018, Cantex raised C$15 million this spring to fund its 2019 exploration that will focus primarily on Massive Sulphide, a zone where last year's drilling encountered 3.2 meters of 40.2 percent zinc and...
ATAC Resources Ltd. Jan. 28 reported that its initial phase of 2019 exploration will focus on Rau, a 660-square kilometer (255 square miles) property at the western end of the company's Rackla Gold property in the Yukon. Currently, this property is anchored by Tiger, a carbonate replacement body with 5.68 million metric tons of measured and indicated resources averaging 2.66 g/t (485,700 oz) gold. "The Rau project is an emerging 20-kilometer- (12.5 miles) long polymetallic dis...
Metallic Minerals Corp. Jan. 28 reported additional high-grade silver results from the 2018 exploration programs at its 100% owned McKay Hill Project, located 50 kilometers (30 miles) north of the historic Keno Hill Silver District in the Yukon. While McKay Hill is earlier stage than Metallic's Keno Silver project to the south, the company see's similar potential for a district-scale, high-grade silver-lead-zinc-copper system on the property. The company said its 2018 explorat...
ATAC Resources Ltd. Jan. 16 said the final results from the 2018 exploration of the highly prospective Bobcat, Condor and Spotlight targets have advanced the company's understanding of the broad controls on mineralization across Rau, a 660-square kilometer (255 square miles) property located at the western end of the ATAC's Rackla Gold property in the Yukon. The company says results of this program continue to provide compelling evidence that the Rackla Pluton is one of...
ATAC Resources Ltd. Dec. 12 reported that Barrick Gold Corp. has terminated its option to acquire an interest in the Orion project, one of three project that makes up ATAC's expansive Rackla Gold property in the Yukon. "We would like to thank Barrick for its exceptional collaboration and sharing its extensive knowledge of Carlin-style systems with ATAC over the past two years," said ATAC Resources President and CEO Graham Downs. ATAC also announces the results from the 2018...
Cantex Mine Development Corp. Nov. 20 provided updated assay results for samples from this summer's drilling at the aptly named Massive Sulphide zone on its North Rackla property that topped 30 percent zinc and 20 percent lead. The 14 zinc samples that exceeded the 30 percent limit for the assay methods previously used contained between 35.47 and 51.14 percent zinc. The nine over-limit lead samples contained between 20.94 and 39.63 percent lead. Hole YKDD18-012 cut two mineral...
ATAC Resources Ltd. Sept. 13 reported one of the highest grade drill intercepts so far at the Sunrise deposit in its latest round of results from Osiris, a Carlin-type gold project at the eastern end of the company's expansive Rackla Gold property in the Yukon. In June, ATAC Resources reported an inaugural resource for Osiris with 12.38 million metric tons of inferred resource averaging 4.23 grams per metric ton (1.69 million ounces) gold. Most of the gold outlined so far at...
ATAC Resources Ltd. Aug. 28 said 2017 exploration results has outlined a rich silver-lead geochemical anomaly with multi-gram silver on its Connaught property, at the head of the Sixty Mile placer gold camp 65 kilometers (40 miles) west of Dawson City and 10 kilometers (six miles) east of the Alaska-Yukon border. Accessible by the Sixty Mile Road, which extends south from the Top of the World Highway, Connaught hosts more than 20 distinct silver-lead and gold veins, including...
A dearth of infrastructure in Canada's northern territories is proving to be a severe hindrance to mine development in mineral provinces ranked by many among the most attractive and stable in the world. The lack of roads, ports, power, telecommunications and land access north of the 60th parallel in Canada dominated discussions at an annual gathering of the country energy and mining ministers, held in Iqaluit, Nunavut Aug. 12-14. "Our opportunities are hindered by...
ATAC Resources Ltd. Aug. 21 said it has identified significant gold and copper skarn mineralization at the Bobcat, a target about 4,500 meters southeast of the advanced-stage Tiger Gold deposit at Rau, the westernmost of three projects that make up the 1,700-square-kilometer (656 square miles) Rackla Gold property in the Yukon. The objective of the 2018 exploration program at Bobcat was to follow up on a rock sample collected in 2010 with 7.37 grams per metric ton gold and...
ATAC Resources Ltd. July 17 said results of the first three holes drilled at Osiris, the easternmost of three properties that make up the Rackla Gold property in the Yukon, show the expansion potential of the Conrad deposit. In June, ATAC Resources reported an inaugural resource for Osiris with 12.38 million metric tons of inferred resource averaging 4.23 grams per metric ton (1.69 million ounces) gold. Most of the gold outlined so far at Osiris is found in the Conrad zone,...
ATAC Resources Ltd. June 18 reported a 1.69-million-ounce maiden gold resource for Osiris, one of three projects that make up the 1,700-square-kilometer (656 square miles) Rackla Gold property in the Yukon. Osiris is where ATAC first discovered Carlin-type gold, which is found in sediment hosted deposits where very fine-grained gold is typically associated with pyrite or arsenopyrite. This type of gold mineralization gets its name from the Carlin Mine in Nevada, where it was...
Blind Creek Resources Ltd. June 1 completed an arrangement to spin its Engineer gold mine project into Engineer Gold Mines Ltd., a Toronto Venture Exchange listed subsidiary that will advance exploration and development of the high-grade gold mine project in northwestern British Columbia. Located about 32 kilometers (20 miles) southwest of Atlin, the historic Engineer Mine produced 18,000 ounces gold and 9,000 oz silver from ore averaging 39 grams per metric ton gold and 18...
ATAC Resources Ltd. May 29 announced that it has raised C$4.5 million for a roughly 10,000-meter drill program at Osiris, one of three projects that make up the 1,700-square-kilometer (656 square miles) Rackla Gold property in the Yukon. Originally announced as a C$3 million financing, ATAC's oversubscribed private placement involved the issuance of 7.56 million flow-through shares at C$60 cents each. Under a provision of Canada's Income Tax Act, flow-through financings allow...
ATAC Resources Ltd. April 4 outlined plans for roughly 20,000 meters of drilling at the Rackla Gold property in the Yukon. At roughly C$13 million, this program included a C$6 million investment by Barrick Gold Corp. for exploring the Orion gold project at the center of the massive Rackla property and C$7 million from ATAC, which will explore Osiris and Rau, located on the east and west ends of Rackla, respectively. "We are excited to get started on what will be the largest...
ATAC Resources Ltd. March 5 reported that the Yukon government and the First Nation of Na-Cho Nyak Dun have filed a joint document that allows the company to move forward with its plans to build a 65-kilometer (40 miles), private, all-season tote road to the Tiger gold deposit at the western end of the company's expansive Rackla property in the Yukon. The proposed tote road would branch off the Hanson Lake Road west of Keno City and is envisioned as a gated, single-lane and...
ATAC Resources Ltd. Jan. 6 reported high-grade gold, silver, zinc and copper from sampling of the Rau project at the western end of the company's expansive Rackla Gold property in the Yukon. The Rau property covers a 12.5-mile trend of metals deposits and prospects that include: Tiger, carbonate replacement style deposit with 5.68 million metric tons of measured and indicated resources averaging 2.66 grams per metric ton (485,700 ounces) gold; Airstrip, a large gold anomaly ab...
ATAC Resources Ltd. Jan. 17 said Barrick Gold Corp.'s 2017 exploration program on the Orion project show that Carlin-style gold mineralization this property is known for extends well beyond the surface indicators. Orion, which blankets a 780-square-kilometer (301 square miles) section in the middle of ATAC's roughly 185-kilometer- (115 miles) long Rackla Gold property in the Yukon, is subject to a C$55 million earn-in agreement with Barrick. As part of the earn-in...
ATAC Resources Ltd.'s 2019 exploration focused primarily on Rau, a 660-square kilometer (255 square miles) property at the western end of the company's 185-kilometer- (115 miles) long Rackla Gold property in the Yukon. Rau is anchored by Tiger, a carbonate replacement body with 5.68 million metric tons of measured and indicated resources averaging 2.66 g/t (485,700 oz) gold. This project, however, hosts numerous styles of mineralization rich in copper, silver, zinc, lead and t...
More than three dozen explorers chased lucrative mineral deposits in Yukon Territory in 2017 and most of these junior and senior companies returned to the northern jurisdiction this year to take another crack at hitting the jackpot. Known for its rich and storied gold mining history as well as its rugged mountain peaks, Yukon is roughly 15 percent larger than California, covering more than 482,000 square kilometers (186,272 square miles). Split off from the Northwest...
ATAC Resources Ltd.'s Rackla Gold project saw roughly C$13 million of exploration in 2018. Barrick Gold Corp. invested about C$6 million at Orion, a gold project that lies in the middle of the 1,700-square-kilometer (656 square miles) Rackla Gold property. ATAC spent the balance at Osiris and Rau, situated on the east and west ends of Rackla, respectively. Barrick has the option to earn up to 70 percent ownership of Orion by investing roughly C$63.3 million, including a...
