The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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After being stalled for decades, hardrock gold mine development in Yukon Territory appears to be picking up speed, as one company rockets toward full mine production by mid-2020, while at least two others report exciting new discoveries. The Yukon, legendary for producing millions of ounces of gold dating back nearly 125 years, is still one of the best places on Earth to find the precious metal. Yet few modern gold projects have managed to overcome the constraints imposed by...
White Gold Corp. Jan. 9 announced that rotary air blast (RAB) has confirmed robust bedrock gold mineralization at several targets beyond the high-grade Vertigo discovery on the road accessible JP Ross property about 60 kilometers (37 miles) southeast of Dawson City, Yukon. The company completed 1,644 meters of RAB drilling in 27 shallow holes that tested outlying prospective areas at Vertigo and several other nearby targets. The targets were generated from the company's...
White Gold Corp. Oct. 24 reported that its regional exploration has encountered very high-grade gold in rock samples collected at Titan, a discovery on the Hen property and less than 15 kilometers (nine miles) northwest of the Vertigo discovery on the neighboring JP Ross property in Yukon's White Gold District. Titan was first identified with soil sampling by White Gold, including one sample that returned 113 grams per metric ton gold, the highest-grade of more than 400,000 so...
For the second time in 2019, Agnico Eagle Mines Ltd. announced reaching commercial production at a new Nunavut gold mine – this time at Amaruq, a satellite deposit about 50 kilometers (31 miles) northwest of the Meadowbank mine and mill in the territory's Kivalliq District. Meadowbank was Agnico Eagle's first mine in Nunavut and has served as the foundation for the company's growing presence in the territory. Since 2010, this mine has produced nearly 3.5 million ounces of gold...
The World Gold Council Sept. 12 launched its Responsible Gold Mining Principles, which lays out a framework that provides investors and downstream gold supply chain customers with clear expectations as to what constitutes responsible gold mining. "It is our aim that the Responsible Gold Mining Principles reinforce trust in gold and the gold mining industry. Consumers, investors and the downstream gold supply chain will be able to know, with confidence, that their gold has...
White Gold Corp. Aug. 8 reported that initial results from its 2019 drilling have identified at least six high-grade structures at Vertigo and encountered some of the best gold mineralization so far at the Golden Saddle deposit. This first phase of the company's 2019 diamond drill program in Yukon's White Gold District was designed to test the geometry of the Vertigo target and previously underexplored portions of the Golden Saddle deposit and surrounding area. So far, White...
Agnico Eagle Mines Ltd. July 24 reported that the ramp up of production at two new gold mines in Nunavut – Meliadine and Amaruq – is setting the Toronto-based miner up for a strong second half of 2019 and beyond. "With Meliadine ramping up to full production over the balance of the year and Amaruq on schedule to achieve commercial production in the third quarter of 2019, the company is well positioned for a strong second half from both a financial and operational per...
With the Meliadine project near Rankin Inlet, Nunavut hitting its target for commercial production in mid-May, senior gold miner Agnico Eagle Mines Ltd. is already reaping the rewards of output from its newest and largest mine, in terms of mineral reserves, even as gold prices sprint upward. The target, accomplished ahead of schedule and anticipated to cost less than projected capital expenses of US$900 million, marks the second time the Toronto-based senior has ushered into...
Thanks to the start-up of new mines, The Conference Board of Canada forecasts the economies of Canada's territories to grow significantly over the next two years. In Territorial Outlook Economic Forecast: Summer 2019, The Conference Board of Canada foresees the combined economies of Nunavut, Northwest Territories and Yukon expanding by 5.3 percent in 2019 and 4.4 percent in 2020. "Territorial economies are being positively impacted by new mines that are propelling growth in...
Solstice Gold Corp. July 2 announced plans for its first ever drill program on the Nunavut (formerly Kahuna) project, a large property roughly seven kilometers (4.4 miles) east of Agnico Eagle Mines Ltd.'s Meliadine Mine. Solstice Gold was formed early last year, when Dunnedin Ventures Inc. spun out the gold prospective portions of its Kahuna diamond project. The portions of Kahuna retained by Dunnedin host more than 40 diamondiferous kimberlite targets. Following its...
White Gold Corp. June 19 announced the start of a 17,000-meter core drill program on three of its properties in the Yukon – JP Ross, White Gold and QV. "The goal of this diamond drill program is threefold: to continue to expand Golden Saddle-Arc's established resources, to follow up on JP Ross's exciting high-grade Vertigo discovery last season and to grow the recently acquired and underexplored VG deposit," said White Gold Corp. CEO David D'Onofrio. The diamond core d...
White Gold Corp. June 10 announced a 25 percent increase in the gold resources in the Golden Saddle and Arc deposits at its White Gold property in the Yukon. Combined, these two adjacent deposits now host 14.33 million metric tons of indicated resource averaging 2.26 grams per metric ton (1.04 million ounces) gold; and 10.7 million metric tons of indicated resource averaging 1.48 g/t (508,700 oz) gold. This 8 percent increase in indicated and 80 percent increase in inferred...
White Gold Corp. April 17 is testing expansion targets at its Vertigo gold discovery, marking the launch of a C$13 million exploration program this year on the company's 439,000-hectare (1.08 million acres) land package in Yukon's White Gold District. The Vancouver, British Columbia-based explorer is testing expansion targets at the road-accessible Vertigo discovery with a GT Probe, a track-mounted rig that drives a cased hole through the soil to collect a sample from the...
Seeking economic and cultural prosperity for its more than 22,000 Tlingit, Haida and Tsimshian shareholders while also looking to provide even greater benefits for future generations, Sealaska takes a balanced approach to developing the resources growing above and stored beneath its lands in Southeast Alaska. This does not mean the Southeast Alaska Native Claims Settlement Act (ANCSA) corporation shuns mining or other resource development in its region, a nearly 600-mile...
White Gold Corp. plans to invest C$13 million this year on exploration across its 439,000 hectares (1.1 million acres) of lands that blanket some 40 percent of Yukon's famed White Gold District. This program includes follow-up drilling at the exciting Vertigo gold discovery on the JP Ross property; resource expansion drilling on the White Gold and newly acquired QV properties; and regional exploration on priority targets across the company's expansive land package. White Gold...
When it comes to attracting mining investment, Alaska, British Columbia and all three Canadian territories rank among the top 20 jurisdictions in the world on the Fraser Institute Survey of Mining Companies 2018. This report asks industry professionals from around the globe to score mining jurisdictions based on their mineral endowment and various policy topics important to mining. "The mining survey-now in its 21st year-is the most comprehensive report card on government...
In a move many considered the stuff of science fiction or fantasy just 20 years ago, junior miner Auryn Resources Inc. has used artificial intelligence to help identify gold deposits at the Committee Bay Gold Project in Nunavut. Vancouver, B. C.-based Auryn gained control of the remote arctic exploration project in 2015 through its acquisition of North Country Gold Corp. At the time, Committee Bay was known to host significant gold mineralization, including its Three Bluffs...
When Agnico Eagle Mines Ltd. established a foothold in Nunavut roughly a decade ago, the gold mining company saw the northern Canadian Territory as a politically attractive and stable jurisdiction with enormous geological potential. Today, this vision is being realized. "We see tremendous potential there and this is an inflection point and a turning point in the future of Agnico as we are opening up a brand-new area where we see tremendous exploration potential, combined with...
Silver Range Resources Ltd. Jan. 7 announced that has received prospecting permits covering a large gold target near Amaruq, a gold mine project currently being developed by Agnico Eagle Mines Ltd. Silver Range's new gold property, known as Atlantis, consists of two prospecting permits covering 31,778 hectares (78,525 acres) about 55 kilometers (34 miles) north-northwest of Amaruq. Scheduled to go into production in the second half of this year, Amaruq hosts 20.1 million...
With the startup of two new gold mining operations scheduled for the first half of this year and recent regulatory approvals for development of at least three other gold deposits in the territory, there's little question that Nunavut is coming into its own as a gold mining center in Canada. Nearly one and one-half times the size of Alaska, the northern jurisdiction has seen little gold production since it was separated from Northwestern Territories 20 years ago. But as...
New gold mines are expected to drive strong economic growth in Nunavut and Yukon over the next several years, according to the latest Territorial Outlook published by The Conference Board of Canada. The non-profit think tank focused primarily on researching and analyzing economic trends, however, forecasts a shrinking economy for Northwest Territories as the diamond sector there matures. Despite a tepid recovery for the mining sector as a whole, the new mines being developed...
Twenty years ago, Canada created the territory of Nunavut, carving out the easternmost part of the Northwest Territories to form the country's northernmost jurisdiction. A vast land of lakes and tundra sprawled across the North from the Hudson Bay to the Arctic Ocean and east to Baffin Bay and the coastal waters of Greenland, Nunavut is home to only about 38,000 people, of whom 85 percent are indigenous Inuit who have lived in this frozen land for millennia. Since 1999,...
When Agnico Eagle Mines Ltd. established a foothold in Nunavut roughly a decade ago, the gold mining company saw the northern Canadian Territory as a politically attractive and stable jurisdiction with enormous geological potential. With two new gold mines established in Nunavut this year, this vision is being realized. "We see tremendous potential there and this is an inflection point and a turning point in the future of Agnico as we are opening up a brand-new area where we...
Solstice Gold Corp. completed its first ever drill program at Nunavut (formerly Kahuna), an early stage gold project that borders the east side of Agnico Eagle Mines Ltd.'s Meliadine mine property. "Agnico Eagle's Meliadine mine, which reached commercial production last month, is only seven kilometers (4.4 miles) from Solstice's claims in the Rankin Gold Belt. We are looking forward to drilling targets in the hunt for the next potential gold discovery in an exciting region,"...
With diamond drills turning at three different properties in west-central Yukon this field season, along with rotary air blast drilling, soil sampling and other activities, White Gold Corp. is one of the busiest mineral explorers in the region, if not the entire territory. The Toronto-based junior, backed by partners Agnico Eagle Mines Ltd. and Kinross Gold Corp. – each owning 20 percent of the company – said it would spend C$13 million in 2019 exploring a huge land pac...
