The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Skeena Resources Ltd. May 25 reported that recent drilling indicates that stored waste material from previous mining could be another source of ore material for a future operation at the Eskay Creek gold-silver mine in British Columbia's Golden Triangle. An underground mine operated by Barrick Gold Corp. from 1994 to 2008 recovered roughly 3.3 million ounces of gold and 160 million oz of silver from ore with average grades of 45 grams per metric ton gold and 2,224 g/t silver....
With the final assay results now in, Donlin Gold LLC partners Barrick Gold Corp. and Novagold Resources Inc.'s 2020 drill program exceeded the high geological bar set for their 39-million-ounce gold project in Southwest Alaska while also meeting an even higher standard for safety. "By far, our most important objective in 2020 was to protect the health and safety of our workforce, contractors, and the residents of the Yukon-Kuskokwim region," said Donlin Gold General Manager...
Skeena Resources Ltd. May 20 reported high-grade gold intercepts from its 2021 phase-3 infill and exploration drill program at Snip, home to a historic high-grade underground mine in British Columbia's Golden Triangle. Operated by Barrick in the 1990s, the historic 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. Twin, the most prolific of the high-grade zones mined by Barrick, produced 709,601 oz of g...
Administrative Law Judge Kent Sullivan from the Alaska Office of Administrative Hearings has proposed that there is no "reasonable assurance" that the Donlin Gold Mine in western Alaska will comply with Alaska's water quality standards. As part of the larger permitting process, the Alaska Department of Environmental Conservation's Division of Water issued a certificate concluding that there is reasonable assurance that the proposed mine at Donlin will comply with the applicabl...
Donlin Gold LLC, Calista Corp. and The Kuskokwim Corporation are seeking the perspectives and local knowledge of people living in the Yukon-Kuskokwim region when it comes to subsistence and the proposed Donlin Gold Mine project. Calista, the Alaska Native Claims Settlement Act regional corporation for the Yukon-Kuskokwim area of Southwest Alaska, owns the subsurface rights at Donlin, and TKC, the ANCSA village corporation that owns the surface lands covering the...
Strong metal prices and an infusion of cash from notable resource investors helped to salvage much of a 2020 mineral exploration season in Alaska that became lethargic with disruptions, delays, and shelving of field programs infected by the COVID-19 pandemic early in the year. At its onset, 2020 was looking like it would be the best year for Alaska's mining sector in a decade. Australia-based mining companies were slated to invest nearly US$100 million in mineral exploration...
Challenged by a global pandemic and a particularly wet summer, many of Northern British Columbia's mineral explorers became adept to adjusting on the fly as they endeavored to unlock the rich precious, base, and battery metals potential of this section of the Pacific Cordillera. With companies like Skeena Resources Ltd. and Ascot Resources Inc. running year-round drill programs as they seek to establish a new era of gold-silver mines at historic operations in the Golden Triang...
While 103.9-meter drill intercepts averaging 6.1 grams per metric ton gold continues to demonstrate the robustness of mineralization at Donlin Gold, completing a 23,400-meter drill program during 2020 without a single COVID-19 case or lost time injury is an even more rewarding achievement for the 39-million-ounce gold mine project in western Alaska. "Well done to the Donlin team for delivering a safe and COVID-free year," said Barrick Gold Corp. President and CEO Mark...
With robust support from the investment community, encouragement from Barrick Gold Corp., and a strong working relationship with the Tahltan First Nation, Skeena Resources Ltd. is rapidly advancing towards the reopening of Eskay Creek and Snip – iconic precious metals mines in the heart of British Columbia's Golden Triangle. Both these high-grade gold and silver operations were previously operated by Barrick. Over a 14-year span ending in 2008, an underground mine at Eskay C...
Donlin Gold LLC, a joint venture partnership owned equally by Barrick Gold Corp. and Novagold Resources Inc., completed 23,400 meters of drilling this year to gain a better understanding of the 39-million-ounce Donlin gold mine project in Southwest Alaska. "Diligent exploration and detailed geological modeling are essential in establishing a strong foundation on which to deliver optimal value from an asset the size of Donlin," said Barrick Gold President and CEO Mark Bristow....
Despite a two month suspension of activities and other challenges related to protecting workers and local communities from COVID-19, Donlin Gold LLC managed to exceed its planned drilling at its 39-million-ounce gold project in the Yukon-Kuskokwim region of Southwest Alaska. "I'd like to congratulate the joint venture team, as well as thank our Native corporation partners, Calista Corporation and The Kuskokwim Corporation, on successfully completing drilling despite the...
Skeena Resources Ltd. Oct. 14 announced the completion of a 26,000-meter initial phase of drilling at Eskay Creek and the start of phase-two, a 45,000-meter drill campaign that will have up to 11 drill rigs readying surface mineable resources at the iconic Northern British Columbia gold-silver mine property for a prefeasibility study slated for completion next year. In addition to the two phases of resource upgrade and expansion drilling, Skeena is in the midst of a 17,000-met...
Barrick Gold Corp. President and CEO Mark Bristow believes Donlin Gold is "a very valuable asset" that is both blessed and challenged by its location. "If you look at Donlin compared to some of the other assets in our portfolio, it's a pure gold play, it's in a mining-friendly jurisdiction, it's just in a very challenging geographical setting," he said during Barrick Gold's second quarter webinar on Aug. 10. Barrick and its executive office have recently been more candid about...
Skeena Resources Ltd. Aug. 4 announced the signing of a definitive agreement with Barrick Gold Inc., a subsidiary of Barrick Gold Corp., to acquire full ownership of the past producing Eskay Creek gold-silver mine project in the Golden Triangle region of northwest British Columbia, Canada. Barrick operated an underground mine at Eskay Creek from 1995 to 2008 that produced roughly 3.3 million ounces of gold and 160 million oz of silver from ore that averaged 45 grams per...
The International Council on Mining and Minerals (ICMM) and the United Nations Environment Program (UNEP) have introduced standards for the safe management of new and existing mine tailings facilities around the globe, no matter where they are located or who operates them. Tailings facilities, structures constructed to store material that is finely ground to extract the sought-after minerals, are used at most mining operations. "These dams are some of the largest human-made...
Barrick Gold Corp. and Novagold Resources Inc. Aug. 6 reported that initial results from the 2020 optimization drill program at Donlin Gold continue to tap near-surface, high-grade mineralization that could likely be mined during the early stages of operations at the 39-million-ounce gold project in Southwest Alaska. Donlin Gold LLC – a 50-50 joint venture between Novagold and Barrick – began gearing up for a roughly 22,000-meter drill program at Donlin in February but the...
Skeena Resources Ltd. July 21 reported the first resource for its Snip underground gold mine project in British Columbia's Golden Triangle that complies with modern report standards. Based on data from 3,112 surface and underground drill holes, Snip hosts 539,000 metric tons of indicated resource averaging 14 grams per metric ton (244,000 ounces) gold; and 942,000 metric tons of inferred resources averaging 13.3 g/t (402,000 oz) gold. "We are very excited about the maiden...
After a two-month suspension due to COVID-19, drills are once again turning at the Donlin Gold project in the Yukon-Kuskokwim region of Southwest Alaska. Donlin Gold LLC – a 50-50 joint venture between Novagold Resources Inc. and Barrick Gold Corp. – began gearing up for a roughly 22,000-meter drill program at Donlin in February and had drills turning on the 39-million-ounce gold project by March. With the novel coronavirus outbreak elevating to pandemic levels, the par...
Skeena Resources Ltd. June 16 announced the start of a preliminary feasibility study aimed at further de-risking Eskay Creek and developing a strategy to efficiently advance this rich gold and silver project in British Columbia's Golden Triangle toward production. Barrick Gold Corp. operated an underground mine at Eskay Creek from 1995 to 2008 that produced roughly 3.3 million ounces of gold and 160 million oz of silver from ore that averaged 45 grams per metric ton gold and...
White Rock Minerals Ltd. June 10 said a team of geologists is slated to explore the Last Chance prospect in preparation for the first drilling at this gold discovery on the company's Red Mountain project in Interior Alaska. A detailed regional stream sediment program carried out last year led to the discovery of Last Chance, which is located on the west end of White Rock's 216-square-mile (559 square kilometers) property about 60 miles (100 kilometers) south of Fairbanks. Whil...
As the largest shareholder and chairman of Novagold Resources Inc., a company that owns 50% of the 39-million-ounce Donlin Gold project in Alaska, it is natural for New York billionaire Thomas Kaplan to elucidate potential investors on his predictions of coming rises in the price for an ounce of gold. The truth, however, is the renowned entrepreneur and natural resources investor is not bullish on gold because he has skin in the game. Instead, he is a major owner of the...
Northern Dynasty Minerals Ltd. said its Pebble project could provide another source of jobs and revenue to an Alaska economy challenged by an interrelated combination of COVID-19 and low oil prices. Though fewer than 400 cases of COVID-19 have been diagnosed in Alaska, placing it among the lowest states in the country on an absolute and per capita basis, the economic impact of the global pandemic on the largest of the United States is both severe and ongoing. As a result of...
4 is shaping up to be the best year for Alaska's mineral exploration sector in a decade – that was the message delivered by North of 60 Mining News in January. Now, just four months and one COVID-19 pandemic later, the aspirations of a banner year for the companies unlocking the Last Frontier's vast mineral potential are distant and likely unachievable. While some mineral exploration companies will be able to carry out their 2020 programs as anticipated, restrictions to "...
Skeena Resources Ltd. April 15 announced it has raised C$33.3 million to continue the advancement of its mineral exploration properties in British Columbia's Golden Triangle. This financing was completed in two tranches. The first tranche, which closed on March 31, involved the sale of 13 million B.C. "super-flow-through" shares at C$1.155 each for gross proceeds of C$15 million. Under a provision of Canada's Income Tax Act, flow-through financings allow Canadian companies to...
White Rock Minerals Ltd. April 5 said that despite the market uncertainty and travel restrictions related to COVID-19, it intends to carry out at least a limited drill program to expand zinc mineralization and test a new gold discovery on its Red Mountain property in Alaska. "As an exploration company, we understand what it is like to operate in uncertain times with uncertain outcomes," said White Rock Minerals Managing Director Matt Gill. "Work is still progressing, and we...
