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 391
Novagold Resources Inc. April 1 announced that the planned 80-hole drill program at Donlin Gold, a 39-million-ounce gold project owned equally by Novagold and Barrick Gold Corp., has been put on hold due to COVID-19 measures in the Yukon-Kuskokwim region of Southwest Alaska where the proposed mine is located. A week earlier, Novagold reported that the roughly 22,000-meter drill program was ongoing but the rapidly evolving protocols to prevent the spread of coronavirus,...
Barrick Gold Corp. March 20 announced it has stepped up its emergency response plans for dealing with the COVID-19 pandemic at all its sites and offices across the world. The latest round of measures by the global gold mining company includes the suspension of all non-essential business travel and the curtailing of all non-vital projects. Barrick Gold President and CEO Mark Bristow said the company was closely monitoring the very fluid COVID-19 situation, constantly updating...
Novagold Resources Inc. March 23 said the 2020 drill program at the Donlin Gold project in Southwest Alaska continues at this date, but recognizes that the COVID-19 crisis is fluid and is monitoring the state of Alaska health recommendations and will make the necessary adjustments including pushing back the timeline for the balance of the 22,000 meters of drilling planned for this year. Donlin Gold LLC, a joint venture partnership owned equally by Novagold and Barrick Gold...
Skeena Resources Ltd. Feb. 26 reported some exceptional silver grades in its final batch of assay results from its 2019 drill program at the Eskay Creek gold-silver project in British Columbia's Golden Triangle. Over a 14-year span ending in 2008, an underground mine operated by Barrick Gold Corp. produced roughly 3.3 million ounces of gold and 160 million oz of silver averaging 45 grams per metric ton gold and 2,224 g/t silver, which at the time made Eskay Creek the world's h...
Canada's provinces and territories have fallen from grace in the eyes of the global mining community, according to the latest rendition of Fraser Institute's Annual Survey of Mining Companies. For the first time in a decade, no Canadian jurisdiction ranks in the top 10 for "investment attractiveness" in the annual survey conducted by the Canadian public policy think-tank. This report asks industry professionals from around the globe to score mining jurisdictions based on their...
Skeena Resources Ltd. Feb. 11 announced strong gold and silver grades tapped during infill drilling in the 21A and 21E zones toward the southern end of the open pit resource at the Eskay Creek mine project in British Columbia's Golden Triangle. Over a 14-year span ending in 2008, an underground mine operated by Barrick Gold Corp. produced roughly 3.3 million ounces of gold and 160 million oz of silver averaging 45 grams per metric ton gold and 2,224 g/t silver, which at the...
White Rock Minerals Ltd. Jan.28 announced the discovery of a large gold anomaly at Red Mountain, an expansive Alaska mineral exploration project better known for the zinc-rich volcanogenic massive sulfide deposits found there. Two VMS deposits on the Red Mountain property – Dry Creek and West Tundra Flats (WTF) – host 9.1 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 5.8 percent (1.17 billion pounds) zinc; 2.6 perc...
North of 60 Mining News is proud to introduce 20 questions for 2020. Over the course of this series, Mining News will interview mining and political leaders from Alaska, British Columbia, Northwest Territories, Nunavut and Yukon. Each interview will include 20 questions on mining, markets and doing business across Alaska and Canada's North. For the inaugural 20 questions for 2020, Mining News talks with Contango ORE Inc. CEO Rick Van Nieuwenhuyse, a longtime mining executive...
As we move into 2020 there are still no definitive indications of when joint venture partners Novagold Resources Inc. and Barrick Gold Corp. will make the final decision on development of the 39-million-ounce Donlin Gold project in Southwest Alaska. Donlin Gold LLC – a 50-50 JV formed between Novagold and Barrick to advance the world-class gold mine project – has already received most of the state and federal permits to develop and operate the mine. This includes recent iss...
Skeena Resources Ltd. Jan. 14 reports continued strong gold-silver intercepts during infill drilling at the Eskay Creek project in British Columbia's Golden Triangle. 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 2,224 g/t silver. Skeena, which acquired the property from Barrick, has identified lower grade but...
Contango ORE Inc. Jan. 6 announced that Rick Van Nieuwenhuyse has taken over as President and CEO of the Texas-based mineral exploration company advancing the Peak Gold project in eastern Alaska. Former President and CEO Brad Juneau has transitioned to executive chairman of Contango ORE, a company he co-founded and lead for the past decade. "I have known Rick for several years and followed his success with admiration," said Juneau. "We are extremely pleased that he has agreed...
Skeena Resources Ltd. Dec. 18 reported that its 2019 drilling discovered a new occurrence of very high-grade gold at its Snip project in British Columbia's Golden Triangle. Located about 200 kilometers (125 miles) northwest of Stewart, B.C., Snip hosts a historic underground gold mine that produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per metric ton gold over a nine-year span that began in 1991. Barrick Gold Corp., the owner of...
Open-pit mining the gold- and silver-rich mineralization remaining at the historic Eskay Creek property in northern British Columbia would result in rich financial returns, according to a preliminary economic assessment recently completed for Skeena Resources Ltd. 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...
An abnormally long fall has allowed the Alaska mining industry to extend seasonal work well into mid-October, creating a lot of new information about project work conducted around the state. Exploration efforts, in particular, benefitted from this additional field time. Based on information available to date, 2019 exploration expenditures are expected to be in the $135-140 million range, well ahead of the $120-125 million exploration spending tracked for 2018. In addition,...
Calista Corp. and its 31,400 Yup'ik, Cup'ik and Athabascan shareholders are on the cusp of realizing the benefits that will come with the sustainable development of a mine at the 45-million-ounce Donlin Gold project on their land in the Yukon-Kuskokwim region of Southwest Alaska. With 39 million oz of gold in measured and indicated resources that average 2.24 grams per metric ton, and another 6 million oz in the inferred category averaging 2.02 g/t gold, Donlin Gold is truly a...
Skeena Resources Ltd. Oct. 22 said drills have tapped high-grade gold in newly identified mineralized horizon below the current resource at the Eskay Creek project in British Columbia's Golden Triangle. Skeena, which acquired Eskay Creek from Barrick Gold Corp. in 2017, is focused on expanding and upgrading near surface, high-grade gold resources that could be developed into an open pit mine. According to a resource calculated early in 2019, Eskay Creek hosts 12.71 million...
Novagold Resources Inc. Oct. 1 reported that field work will continue throughout the winter months at the 39-million-ounce Donlin Gold project in Southwest Alaska. This field program, which got underway in the spring, includes site investigation to collect additional geotechnical information needed for the requisite state permits for the dams to be built when a mine is developed at Donlin. "This program consists of geotechnical drilling (core and direct push) and field...
Skeena Resources Ltd. Sept. 25 said assay results from the initial phase of 2019 drilling at Eskay Creek indicate the potential to upgrade and expand the near surface resource at 21 A, one of three zones being tested this year. Over a 14-year span ending in 2008, Barrick Gold Corp. 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 silver from an underground mine at Eskay Creek. Skeena,...
When it comes to mineral exploration incentives, currency exchange and infrastructure, Alaska is at a disadvantage in the realm of attracting exploration investments from Canada and Australia, countries that are home to the majority of mining companies. The Far North State's vast and underexplored mineral potential, however, trumps these handicaps in the minds of a growing number of miners and mineral explorers. Mining executives from around the globe perennially rank Alaska...
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$249.4 million, made up of C$...
Whether it be precious metals such as gold and silver, base metals like copper and zinc, or battery metals like nickel and cobalt, northern British Columbia is rich in the type of metal deposits that junior mining companies are hoping to discover and majors are wanting to mine. Couple this mineral endowment with good infrastructure – especially stacked up against the other jurisdictions in the North of 60 Mining News coverage area – and northern B.C. continues to draw str...
The two mega-mergers that hit the gold mining sector early in 2019 – Barrick Gold Corp. combining with Randgold Resources Ltd. and Newmont Mining Corp. acquiring Goldcorp Inc. – is forever changing the gold mining landscape around the world. While the two largest gold mining companies Newmont Goldcorp (No. 1) and Barrick (No. 2) are still in the process of shedding assets following the mega-mergers, it seems that Newmont Goldcorp will emerge with a much stronger foothold in...
Skeena Resources Ltd. hopes to breathe new life into Eskay Creek and Snip, iconic Golden Triangle gold mines previously operated by Barrick Gold Corp. Over a 14-year span ending in 2008, an underground mine at Eskay Creek 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 silver, which at the time made it the world's highest-grade gold mine and fifth-largest silver mine by volume. The high-gr...
With the 2018 sale of its 50 percent interest in the Galore Creek copper-gold project in British Columbia, Novagold Resources Inc. is singularly focused on advancing the Donlin Gold Mine project in Alaska toward production. In dichotomy, Barrick Gold Corp., Novagold's equal co-owner of Donlin Gold, significantly expanded its gold project portfolio with the finalization of a merger with Randgold Resources Ltd. at the onset of 2019. The Barrick-Randgold merger have caused...
ATAC Resources Ltd.'s 2019 exploration focused primarily on Rau, a 660-square kilometer (255 square miles) property at the western end of the company's 185-kilometer- (115 miles) long Rackla Gold property in the Yukon. Rau is anchored by Tiger, a carbonate replacement body with 5.68 million metric tons of measured and indicated resources averaging 2.66 g/t (485,700 oz) gold. This project, however, hosts numerous styles of mineralization rich in copper, silver, zinc, lead and t...
