The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 76 - 100 of 162
Arcus Development Group Inc. Aug. 22 announced that it has completed the purchase of Atac Resources Ltd.'s 50 percent interest in the Dawson Gold joint venture, which consists of the Dan Man, Touleary, Green Gulch and Shamrock properties in the White Gold District of Yukon Territory. The Dan Man property is located immediately north of Goldcorp Inc.'s Coffee claims; and Touleary property is the location of the first significant volcanogenic massive sulfide system identified in the White Gold District. In exchange for Atac's...
Atac Resources Ltd. Aug. 2 reported the conclusion of an agreement to sell Arcus Development Group Inc. its 50 percent interest in the Dawson Gold Joint Venture. Formed in 2012, the JV contains four mineral properties - Dan Man, Touleary, Green Gulch and Shamrock - located in Yukon Territory's White Gold District. In exchange for full ownership of the JV properties, Arcus will issue Atac 10,869,910 common shares, which will result in Atac holding 19.99 percent of Arcus' issued shares. Arcus also will issue to Atac 5 million...
Strategic Metals Ltd. has more than 100 mineral properties in the Yukon, making it the largest claim holder in the territory. These properties, along with projects it has in neighboring Northwest Territories and northern British Columbia, are prospective for gold, silver, lead, zinc, copper, tin, tungsten, vanadium and lithium. The company started off its 2016 exploration by acquiring additional information at some of its most prospective gold projects in Yukon. The work included trenching at OOO, a silver-gold property...
Atac Resources Ltd.'s 2016 program included work at both the Rau and Nadaleen trends on its Rackla gold project, an extensive land package that stretches roughly 185 kilometers (114 miles) east-west across central Yukon Territory. At Rau, a 20-kilometer-long (12.5 miles) trend towards the western end of the Rackla project, Atac is focused on potential development of the Tiger oxide deposit and exploring similar targets in the area. In May, the company reported an updated...
Mineral exploration in Yukon began 2016 much like it finished 2015... Challenging equity market conditions and cautious investors meant junior exploration companies started the season conservatively. The industry got a boost early in the season with the mid-May announcement of Goldcorp’s (www.goldcorp.com) interest in Kaminak Gold’s (http://kaminak.com) Coffee property. By the time Kaminak shareholders approved the C$520 million deal in July, companies were raising money, expanding field programs and making deals across the...
Like a gong proclaiming the end of the long and arduous bear market for North of 60 mining explorers, the May 12 news that Goldcorp Inc. would buy Kaminak Gold Corp. for roughly C$500 million reverberated from Yukon Territory throughout the North. While the rich lure of developing a mine at Kaminak's robust Coffee gold project lured Goldcorp to the Yukon, it was the exploration potential and the ability to permit and build a mine that convinced the producer to expand into the...
Goldcorp Inc.’s half-a-billion-dollar purchase of Kaminak Gold Corp. and the Coffee Gold project in Yukon Territory in 2016 marked a major shift for North of 60 mining explorers. Junior mining explorers typically look to the investment community for the venture capital needed to discover rich deposits of minerals. In turn, major mining companies come along and buy the mineral-rich project or the company that discovered it, typically providing a handsome return for the j...
Atac Resources Ltd. partnered with the world's largest gold-producing company to further the exploration on a portion of its massive Rackla Gold project in the Yukon. Under an agreement signed in April, Barrick Gold Corp. has the option to earn up to a 70 percent stake in the Orion project, which blankets a 780-square-kilometer (301 square miles) section in the middle of Atac's roughly 185-kilometer- (115 miles) long Rackla land package. This deal consists of a potential...
Following up on the discoveries made during a C$1 billion exploration explosion in the Yukon from 2007 until 2013, five of the world's largest gold producers are leading a second wave of the 21st Century Yukon Gold Rush. Kinross Gold Corp., which operates the Fort Knox Mine in neighboring Alaska, was the first of the majors to grab a foothold in the Yukon when it acquired the White Gold property in 2009. The real rush of majors to the westernmost Canada territory, however,...
Atac Resources Ltd. Jan. 17 announced plans for a C$10 million exploration program at its Rackla gold project, an extensive land package that stretches roughly 185 kilometers (114 miles) east-west across central Yukon Territory. This fully-funded program will include roughly 15,000 meters of drilling focused on expanding high-grade gold mineralization at the Nadaleen and Rau trends. At Rau, a 20-kilometer-long (12.5 miles) trend towards the western end of the Rackla project, Atac plans to complete core drilling to test the...
Atac Resources Ltd. April 10 announced that Barrick Gold Corp. has signed an agreement to earn up to a 70 percent stake in the Orion project, which blankets the central section of Atac's Rackla Gold property in the Yukon Territory. This deal consists of a potential total investment by Barrick of roughly C$63.3 million, including a C$8.3 million private placement and a two-staged C$55 million exploration earn-in option on Orion. Previously, Atac subdivided its roughly 185-kilometer- (115 miles) long Rackla property into two pr...
Sparked by the discovery of the White Gold district and fueled by investors' appetite for mining stocks, the Yukon experienced a modern era gold rush in 2007 that included nearly C$1 billion of exploration spending during over six years. This frenzied exploration turned up dozens of gold projects across the northern territory and now some of the world's biggest gold miners are cutting deals on the best of the discoveries made. Kinross Gold Corp. was the first of the major...
ATAC Resources Ltd. June 5 reported the start of a C$10-million exploration program at its Rackla Gold project in the Yukon. The company currently has two drills targeting Carlin-type gold targets at the Conrad zone at the eastern end of the 1,742-square-kilometer (673 square miles) Rackla property. Following the completion of an earn-in agreement with Barrick Gold Corp. in April, Atac divided the roughly 185-kilometer- (115 miles) long Rackla property into three projects - Ra...
ATAC Resources Ltd. Aug. 17 reported long sections of significant gold from the first 2017 holes drilled at Conrad, one of the zones of Carlin-type mineralization identified at its Osiris project at the Rackla Gold property, Yukon. The company said these first four holes target new areas of mineralization and crosscutting faults believed to be associated with high-grade gold mineralization in the vicinity of the 350 Faults on the western side of the Conrad zone. All holes...
ATAC Resources Ltd. Oct. 10 reported results of an additional ten holes drilled at its Osiris project at the eastern end of the Rackla Gold property in the Yukon. A step-out hole at the Sunrise zone at Osiris cut 10.42 meters of 7.97 grams per metric ton gold from a depth of 329.2 meters and 15.24 meters of 13.52 g/t gold from 344.4 meters. This represents the highest grade gold intercept so far at Sunrise and extends the zone to depth. One hole drilled at the Conrad zone,...
ATAC Resources Ltd. Oct. 23 reported that a 12-hole drill program encountered high-grade gold at the Tiger deposit and Tiger East anomaly at Rau, a project located at the eastern end of the company's roughly 185-kilometer- (115 miles) long Rackla property in the Yukon. The 2017 program at Tiger focused on expanding the known sulfide and oxide resources within and adjacent to an open pit outlined in a preliminary economic assessment completed in 2016. Highlights from the 12 holes drilled this year include: 51.82 meters of 5.66...
ATAC Resources Ltd. Aug. 29 said it continues find new areas of high-grade gold within fault zones at the Conrad and Osiris zones of its Osiris project at the western end of the company's vast Rackla Gold property in the Yukon. Hole OS-17-238, drilled within the newly recognized 650 Fault corridor at Conrad, cut 12.5 meters of 20.78 grams per metric ton gold near the top of the hole. Additional intervals of high-grade gold mineralization, including 10.41 meters of 7.15 g/t gold, where encountered deeper in this hole. "The...
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...
Atac Resources Ltd. Sept. 12 provided results from the first three of 10 diamond drill holes planned for the Orion zone, located within the Nadaleen Trend at the eastern end of the company's Rackla gold project, Yukon Territory. Orion was discovered with rotary air blast drilling in 2015. ARB-15-026, the discovery hole, returned 47.24 meters of 3.79 grams per metric ton gold and bottomed in mineralization. Atac followed up at Orion with RAB drilling earlier this year. High...
Atac Resources Ltd. Aug. 22 reported the start of a second phase of 2016 drilling at the Orion gold target, which is located within the Nadaleen Trend at the eastern end of the company's Rackla Gold project in the Yukon Territory. The initial phase of the 2016 program at Orion consisted of rotary air blast drilling in the vicinity of the Anubis Fault and crosscutting structures. Results from this drilling are inconclusive due to high volumes of water encountered and the...
Atac Resources Ltd. Aug. 10 posted results from exploration of the Rau trend located at the western end of its huge Rackla Gold project in Yukon Territory. Follow-up prospecting, mapping and soil sampling has expanded the Airstrip gold anomaly to 11.5 square kilometers (2,840 acres). Discovered in 2015, about 4,000 meters south of the Tiger gold deposit, Airstrip is the largest gold-in-soil anomaly in the Rau Trend. The initial evaluation program also included seven shallow...
Atac Resources Ltd. May 31 provided results of an updated preliminary economic assessment for the Tiger deposit at the western end of its Rackla Gold project, Yukon. The 2016 PEA has incorporated results of geotechnical and infill drilling conducted in 2015 and metallurgical studies completed in early 2016. Key changes to the 2014 PEA include both oxide and sulfide resources and the adoption of a simplified year-round agitated tank carbon-in-pulp leaching process. The 2014...
Atac Resources Ltd. April 24 reported the closure of a C$3.25 million non-brokered private placement, consisting of the sale of 5 million flow-through common shares at C65 cents each. "This financing allows Atac to minimize the use of its C$16 million treasury of hard-dollars (non-flow-through dollars)," Atac President and CEO Graham Downs explained. "With approximately C$19 million now in its treasury, Atac is well-positioned to substantially advance the newly discovered...
Atac Resources Ltd. said its first phase of exploration in 2016 at the Rackla gold project in the Yukon Territory will focus on drilling new targets in both the Rau and Nadaleen trends. The company is also preparing to permit a 69-kilometer (43 miles) road to the Rau trend and optimize the Tiger gold project found there. A 2014 preliminary economic assessment for Tiger envisions a seasonal open-pit mine that would produce 221,558 ounces of gold from 2.06 million metric tons...
ATAC Resources Ltd. Oct. 26 announced the completion of a 2015 work program focused on completing optimization work recommended in a 2014 preliminary economic assessment for the Tiger deposit, an oxide gold deposit located within the Rau trend of at the western end of its Rackla gold project, Yukon Territory. The PEA envisions a seasonal open-pit mine that would produce 221,558 ounces of gold from 2.06 million metric tons of oxide material at an average diluted grade of 3.72...
