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 77
Banyan Gold Corp. Jan. 6 provided a recap of the milestones achieved during its 2020 program on its AurMac and Nitra gold properties in the Yukon. A road accessible project about 56 kilometers (35 miles) northeast of Mayo and roughly 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle gold mine, AurMac hosts at-surface deposits – Airstrip and Powerline – along with other drill-ready targets. According to a May calculation, AurMac hosts 52.58 million metric tons of in...
Banyan Gold Corp. Nov. 16 reports that recent assay results demonstrate the expansion potential of the Powerline zone on the company's AurMac gold property in the Yukon. A road accessible project about 56 kilometers (35 miles) northeast of Mayo and roughly 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle gold mine, AurMac hosts at-surface deposits – Airstrip and Powerline – along with other drill-ready targets. According to a May calculation AurMac hosts 52....
Banyan Gold Corp. Sept. 21 reports that step-out drilling has extended the strike of the Airstrip deposit on its AurMac property in the Yukon by roughly 200 meters. Airstrip is the larger of two deposit at AurMac, a road accessible project about 56 kilometers (35 miles) northeast of Mayo and roughly 10 kilometers (six miles) south of Victoria Gold Corp.'s Eagle gold mine. According to a resource calculated earlier this year, Airstrip hosts 46 million metric tons of inferred...
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...
Banyan Gold Corp. Dec. 11 reported that the second phase of 2019 drilling at its Aurex-McQuesten project in the Yukon continues to expand gold mineralization at the Airstrip zone. Previous drilling at Airstrip has outlined a roughly 90-meter-thick package of near surface gold mineralization along about 500 meters of strike. The 2019 phase-2 program is designed to extend this zone to 1,000 meters along strike. The latest batch of four holes – MQ-19-54, MQ-19-55, MQ-19-56 and M...
Banyan Gold Corp. Nov. 18 reported that the first four holes of its second phase of 2019 drilling at the Aurex-McQuesten project in the Yukon has tapped gold mineralization in an expansion area of the Airstrip target. The initial phase of 2019 drilling at Aurex-McQuesten included 494 meters of infill drilling at the Airstrip (formerly referred to as McQuesten) zone and 504 meters of discovery drilling at Powerline, a gold zone about 1,000 meters south of Airstrip. Previous...
Banyan Gold Corp. Oct. 2 announced a second phase of 2019 drilling at Aurex-McQuesten, a Yukon gold project about 10 kilometers (six miles) south of Victoria Gold Corp.'s Dublin Gulch property. The 997-meter initial phase of 2019 drilling at Aurex-McQuesten focused on infill drilling at the Airstrip (formerly referred to as McQuesten) gold zone and discovery drilling at Powerline, a gold discovery zone about 1,000 meters south of Airstrip. The Powerline discovery holes cut...
Banyan Gold Corp. Sept. 3 reported that the first four holes from drilling the Powerline zone on the Aurex-McQuesten property tapped gold mineralization similar to that being encountered on Victoria Gold Corp.'s Dublin Gulch property, which is about 10 kilometers (six miles) to the north. Banyan had two objectives for its 2019 exploration program at Aurex-McQuesten – continue to define and increase confidence within the McQuesten gold zone mineralization with infill d...
Banyan Gold Corp. July 16 announced the completion of a 1,000-meter drill program at its Aurex-McQuesten gold project near the community of Mayo, Yukon. Banyan had two objectives for its 2019 exploration program at Aurex-McQuesten; to continue to define and increase confidence within the McQuesten gold zone mineralization with infill drilling; and test a largely undrilled target area 1,000 meters south of the McQuesten zone, on the Aurex claim block, that is interpreted to...
Gold explorers are rushing to several regions of Yukon Territory, particularly areas where significant discoveries of the precious metal have been reported in recent years. But only a few lucky companies could advance gold projects in Southeast Yukon during the 2018 field season. The reason: A large swath of the mineral-rich Tintina Gold Belt – favorable geological terrain that sweeps northward through Yukon in a boomerang-shaped arc to Alaska from British Columbia – is off...
Banyan Gold Corp. March 22 announced an expansion of the Main Zone deposit at its Hyland Gold project about 45 miles (74 kilometers) east of Watson Lake in southeastern Yukon. Hyland now hosts 8.6 million metric tons of indicated resource averaging 0.74 grams per metric ton (216,000 ounces) gold and 7.04 g/t (1.95 million oz) silver; and 10.8 million metric tons of inferred resource averaging 0.77 g/t (266,000 oz) gold and 5.32 g/t (1.85 million oz) silver. "Banyan is...
Banyan Gold Corp. May 25 announced a 903,945-ounce inferred gold resource for AurMac, the new name for the company's combined Aurex and McQuesten properties in the Yukon. A road accessible project about 56 kilometers (35 miles) northeast of Mayo and roughly 10 kilometers (six miles) south of Victoria Gold Corp.'s Eagle gold mine, AurMac hosts at-surface deposits – Airstrip and Powerline – along with other drill-ready targets. Banyan's drilling over the previous two years...
Though mineral exploration in Yukon Territory this year lagged the pace seen in 2018, mine development projects advanced at a steady clip in 2019, while several past-producing mines moved toward resuming output. Yukon ranked fourth in Canada for projected spending on mineral exploration and deposit evaluation for 2018, according to statistics distributed by Natural Resources Canada. Spending for mineral exploration and deposit evaluations totaled C$249.4 million, made up of C$...
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...
Banyan Gold Corp. Aug. 5 announced the appointment of Tara Christie as its new president and CEO. An accomplished mining executive with more than 20 years of operational experience, Christie has managed a number of mineral resource companies and served as a member of the Yukon Environmental and Socioeconomic Assessment Board. She earned her bachelor's and master's degrees in geotechnical engineering and has spent most of her career working in Yukon Territory. "Tara brings...
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...
As some of the world's biggest gold miners nab exciting plays that turned up across Yukon Territory during the past decade, Yukon's mining explorers continue to seek the next generation of mine projects in the northwestern-most Canadian territory. Many of the up and coming mines in Yukon also are getting a boost from C$360 million in upgrades to roads into some of Yukon's richest mining districts. Known as the Yukon Resource Gateway project, the endeavor to modernize...
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...
Banyan Gold Corp. Nov. 14 provided results from a 475-meter drill program at its Hyland gold-silver project in southeastern Yukon. Each of the three holes drilled this year cut long intervals of mineralization in the project's Main zone, including: 30.7 meters of 1.3 grams per metric ton gold and 8 g/t silver from a depth of 18.3 meters in hole HY-16-48; 27.1 meters of 1.02 g/t gold and 16 g/t silver from 24.4 meters of HY-16-49; and 35.7 meters of 1 g/t gold and 2.5 g/t...
Banyan Gold Corp. Aug. 22 said it has filed for approval of its recently announced C$1.2 million non-brokered private placement. The filing, subject to TSX Venture Exchange approval, will consist of 8,157,349 flow-through shares at C7.5 cents each for gross proceeds of C$611,801.18; and 9,049,211 regular units at C6.5 cents each for an additional C$588,198.72. Each unit consists of one common share and half of a purchase warrant, with each full warrant being exercisable for a...
Banyan Gold Corp. March 2 reported plans to complete a C$750,000 brokered private placement financing via a crowdfunding platform recently launched by Red Cloud Klondike Strike Inc. "We are very excited to be the first company to offer our securities on the inaugural online mining investment platform created by Red Cloud Klondike Strike," said Banyan President and CEO Mark Haywood. "The platform offers a revolutionary financing mechanism, which will provide a unique...
Banyan Gold Corp. Feb. 1 said Mark Haywood has been appointed the exploration company's president, chief executive officer and director. Haywood holds degrees in both mining engineering and law, and has an extensive career at underground and open-pit mining projects across North America, Africa, South America and Australasia from working at the mine face, through to building and managing large-scale mining operations as either Chief Mining Engineer or Mine Manager. "We are...
Banyan Gold Corp. Sept. 17 said results from drilling at its Hyland Gold project in eastern Yukon Territory confirm its hypothesis that the property hosts carbonate replacement-style gold and base-metals mineralization akin to Atac Resources' Rau Trend to the north. Highlights from the three holes drilled at Hyland include: 31.08 meters of 0.4 grams per metric ton gold in hole HY-15-45; 76.34 meters of 0.32 g/t gold in hole HY-15-46; and 88.7 meters of 0.24 g/t gold in hole...
Banyan Gold Corp. April 16 announced plans to resume drilling at its Hyland Gold property in eastern Yukon Territory. Banyan has signed a contract with Whitehorse-based Kluane Drilling to complete at least 1,200 meters of core drilling at Hyland and has mobilized all required equipment and materials to site to support this program. A dozer and excavator delivered to the property will allow for access construction and trenching of the project's Montrose Ridge zone. Montrose...
