The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 151 - 175 of 391
Skeena Resources Ltd. June 14 reported results from an additional 11 holes drilled during the second phase of the company's underground drill program at the historic Snip gold mine in the Golden Triangle region of northwestern British Columbia. Operated by Barrick in the 1990s, the Snip Mine produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per metric ton gold. Skeena, which optioned the project from Barrick, completed 7,180 meters...
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...
One of the most common complaints I hear from companies and individuals working in the mineral industry in Alaska is our deplorable lack of modern, usable-scale digital geophysical and geologic maps. How bad is it? Consider this: the U.S. Geological Survey has estimated that less than 2 percent of Alaska has acceptable geophysical data coverage, and less than 20 percent has been geologically mapped at a scale useful to evaluate the state's mineral resources. Nobody will deny...
Skeena Resources Ltd. said the results from the first eight holes of the second phase of underground drilling program at Snip, is increasing the geological confidence of high-grade gold zones at this historical high-grade gold mine project in British Columbia's Golden Triangle region. The historic underground mine at Snip, which Barrick Gold operated from 1991 to 1999, produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per metric ton...
U.S. Army Corps of Engineers' April 27 filing of the final Environmental Impact Statement for Donlin Gold is a major milestone along the roughly six-year journey to obtain the permits needed to develop a world-class mine at the 39-million-ounce gold project in the heart of the Kuskokwim Gold Belt in Southwest Alaska. "The filing of the Donlin Gold EIS is a major step forward in unlocking the enormous value of our uniquely attractive gold asset," said Novagold Resources Inc....
An early spring coupled with low snow fall in many parts of Alaska have combined to enable companies large and small to start their summer field programs early this year. As expected, competition is stiff for people, drills, helicopters, heavy equipment and related services, awarding those who committed budgets early and penalizing those who did not or could not commit early. For the first time in half a decade, projects with money at hand may not be able to get the services t...
Skeena Resources Ltd. April 3 announced the start of an 11,000-meter underground drill program at its Snip gold project in British Columbia's Golden Triangle. The historic underground mine at Snip, which Barrick Gold operated from 1991 to 1999, produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per metric ton gold. Skeena optioned this project from Barrick early in 2016 and completed roughly 7,180 meters of surface drilling that...
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...
In 2017 Alaska’s mineral exploration industry saw its first up-tick in exploration spending since 2011, an increase that S&P Global Market Intelligence’s “World Exploration Trends” indicates was mirrored on the world-wide level. According to S&P’s data, the worldwide exploration industry spent $8.4 billion in 2017, the first such increase in spending since 2012. S&P also forecast a 15-20 percent increase in exploration spending for 2018 as well. The study also showed that dema...
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...
Seven days of near-continuous rain did nothing to dampen the mood at the recently concluded Cordilleran Roundup Convention in Vancouver. The event was buoyed by a realistic optimism we have not seen in over five years. This change from half-empty to half-full glasses is due to a number of things including strong commodities prices, increasing global demand for metals and current or looming supply shortfalls in many of the metals produced by this industry. The event was...
Novagold Resources Inc. Feb. 20 said the 16-hole drill program carried out last year at Donlin Gold, a world-class gold mine project in Yukon-Kuskokwim region of western Alaska, encountered long sections of high-grade gold within the reserve pit and in areas outside of the currently proposed mine area. "Donlin Gold's latest drill results are better than expected, further demonstrating the incredibly robust quality of this exceptional project," said Novagold President and CEO...
Constantine Metal Resources Ltd. Jan. 6 named Ian Cunningham-Dunlop as the company's vice president of advanced projects, an appointment that signals the transition to advanced stage exploration and evaluation work at the Palmer project in Southeast Alaska. South Wall-RW zone, the most advanced of the high-grade volcanogenic massive sulfide deposits and prospects identified at Palmer, hosts 8.1 million metric tons of inferred resource grading 1.41 percent copper, 5.25 percent...
Novagold Resources Inc. Jan. 25 said the federal permitting process for Donlin Gold is expected to be finalized in the third quarter of this year. In the meantime, the company and its equal partner in the project, Barrick Gold Corp., are completing optimization studies for this 39-million-ounce gold project in western Alaska. "All of us have been motivated not only to make sure we successfully complete the permitting process for Donlin Gold, but to lay a solid foundation from...
Skeena Resources Ltd. Jan. 23 reported high-grade gold results from another nine underground holes drilled at its Snip project in the Golden Triangle region of northwestern British Columbia. The best hole, UG17-062, cut 3.82 meters averaging 91.56 grams (2.94 troy ounces) per metric ton gold and 5 meters averaging 8.71 g/t gold. Targeting a less densely drilled portion of the Upper Twin zone, the company said UG17-062 demonstrates the up-dip grade and geological continuity of...
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...
Skeena Resources Ltd. Jan. 8 reported additional high-grade gold results from underground drilling at its Snip project in northwestern British Columbia. The historic underground mine at Snip, which Barrick Gold Corp. operated from 1991 to 1999, produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per metric ton gold. Skeena optioned this project from Barrick in 2016 and completed roughly 7,180 meters of surface drilling that year. With this program, Skeena exceeded the C$2 million...
With the price for an ounce of gold pushing back above US$1,300 to ring in the new year – along with zinc and copper selling at multi-year highs and trending higher – 2018 is shaping up to be a good year for Alaska's mining sector. Together, zinc and gold account for more than 80 percent of the value of metals mined in Alaska – silver and lead account for most of the balance. While there is currently no significant copper production in Alaska, the Far North state hosts signi...
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...
Three world-class deposits in Alaska – Pebble, Donlin Gold and Livengood – are far enough advanced to be considered beyond the exploration stage but not quite ready to break ground on development. Together, these three colossal deposits host more than US$160 billion worth of gold – with Pebble adding nearly another US$200 billion worth of copper, molybdenum and silver at today's metals prices. The jobs and revenue generated from developing operations to mine these three global...
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,...
Skeena Resources Ltd. Dec. 18 cut a deal with Barrick Gold Corp. to acquire all of the major's interest in the Eskay Creek gold mine property in the Golden Triangle region of northwest British Columbia. Barrick has also agreed to make a C$1 million strategic investment in Skeena. Discovered in 1988, the former Eskay Creek mine produced roughly 3.3 million ounces of gold and 160 million oz of silver at average grades of 45 grams per metric ton gold and 2,224 g/t, which at the time made it the world's highest-grade gold mine...
Skeena Resources Ltd. said the results from the first 17 underground holes drilled this year at the past producing Snip Mine tapped high-grade gold and bolster the company's confidence in the decades-old drill data for this historic operation in northwestern British Columbia. The best intercept so far came in hole UG17-013, which cut 1.5 meters averaging 341 grams per metric ton gold. This intersection is 15 meters down-dip of the historically mined 150 Vein stope and matches...
Skeena Resources Ltd. Dec. 18 cut a deal with Barrick Gold Corp. to acquire all of the major's interest in the Eskay Creek gold mine property in the Golden Triangle region of northwest British Columbia. Barrick has also agreed to make a C$1 million strategic investment in Skeena. Discovered in 1988, the former Eskay Creek mine produced roughly 3.3 million ounces of gold and 160 million oz of silver at average grades of 45 grams per metric ton gold and 2,224 g/t, which at the time made it the world's highest-grade gold mine...
