The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 49 of 49
Brixton Metals Corp. July 8 announced the start of a drill program testing new near-surface, high-grade gold targets identified during a soil and rock sampling program carried out earlier this year at the company's Atlin Goldfields project in northwestern British Columbia. "We are excited to start our first ever drilling campaign at the Atlin Goldfields project," said Brixton Metals Chairman and CEO Gary Thompson. Brixton's Atlin property consists of roughly 1,000 square...
Brixton Metals Corp. April 18 announced the start of its first phase of 2019 exploration at the Atlin Goldfields project in northern British Columbia. Over the past three years, Brixton has consolidated approximately 1,000 square kilometers (386 miles) of mineral claims covering most of the Atlin gold camp. This large land package, which extends east from the community of Atlin, blankets an area that has produced more than 600,000 ounces of placer gold over the past 120...
Brixton Metals Corp. Dec. 19 announced that it has raised C$2.78 million for further exploration of Atlin Goldfields project in the Golden Triangle region of northwest British Columbia. The private placement financing involved the issuance of 4.9 million units at C15 cents each, with one unit consisting of a Brixton Metals share and one warrant, and 12 million flow-through shares at C17 each. Each warrant issue entitles the holder to acquire an additional Brixton share at...
Brixton Metals Corp. Aug. 7 said it has entered into a series of asset purchase and sale agreements to acquire a 100 percent interest in 29,608 hectares (73,162 acres) of mineral rights in the Atlin area of northwestern British Columbia, which expands its Atlin Gold property to 979 square kilometers (378 square miles. This enormous property extending east from Atlin blankets an area that has produced more than 600,000 ounces of placer gold. Brixton will acquire the claims...
Brixton Metals Corp. Oct. 31 reported initial drill results from the second phase of 2016 exploration at its 100 Thorn gold-silver project in northwestern British Columbia. Hole 132, drilled in the property''s Outlaw zone, cut two gold intercepts. Starting at surface, this hole cut 18 meters of 1.61 grams per metric ton gold and 12.3 g/t silver; and from a depth of 78 meters this hole cut 52. Hole 133, also drilled at Outlaw, cut 13 meters of 1.73 g/t gold and 7.3 g/t silver from surface. Brixton said these intercepts...
Brixton Metals Corp. announced that it has raised C$3.3 million through a private placement of units brokered by Red Cloud Klondike Strike Inc. and M Partners Inc. The money raised is planned to be used to advance the company's Thorn gold-rich polymetallic project in northwestern British Columbia and Langis silver project in Ontario, and for general working capital. The financing involved the issuance of 2.89 million units at C70 cents and 1.67 million flow-through common shar...
Brixton Metals Corp. Aug. 5 posted results from an initial phase of 2016 exploration at its Thorn gold-silver project in Northwest British Columbia. A total of 891 soils and 159 rock samples were collected during this program. Most of these were collected within a previously unexplored area of the property called the Chivas zone. This sampling outlined a roughly 2,500- by 1,900-meter gold-in-soil anomaly that remains open in several directions. The highest gold-in-soil sample...
Brixton Metals Corp. April 7 reported the closing of the first tranche of a non-brokered private placement financing consisting of 6,233,000 units for C10 cents each and 4 million flow-through shares at C10 cents each for aggregate gross proceeds of C$1,023,300. Each unit consists of one common share and one transferable purchase warrant exercisable into one common share of the company at a price of C15 cents per share for a period of 36 months from the closing date. Robert...
Mineral and coal exploration in British Columbia, which peaked at C$680 million in 2012, retreated to roughly C$476 million in 2013. This drop is on par with the roughly 30 percent decrease in exploration expenditures worldwide. The dynamics that led to the decrease - tight capital markets that continue to challenge the ability of junior explorers to raise money, senior miners keeping tight reins on exploration spending and softer gold prices - have remained in play during...
The 6.4 million ounces of low-cost silver recovered from the Greens Creek Mine in Southeast Alaska during 2012 is funding growth aspirations at Hecla Mining Co., including a foray into Canada's mining sector. This growth begins with the first silver production from the Lucky Friday Mine since the Idaho operation was put out of commission for safety and operational upgrades at the end of 2011. With the Idaho operation scaling back up to full capacity in 2013, Hecla is looking...
BBB: TSX Chairman and CEO: Gary Thompson Director: George Salamis, Geologist Senior Vice President Geology: Sorin Posescu Brixton Metals Corp. returned in 2013 to its flagship 27,000-hectare (66,717 acres) Thorn silver-gold-copper-zinc-lead property located in the Sutlahine River area of northwestern British Columbia some 130 kilometers (81 miles) southwest of Atlin. Hecla Mining Co. made a C$2.6 million strategic investment in Brixton in February, purchasing about 19.8 percent of the junior's issued and outstanding common...
CEM: TSX.V Chairman: Wayne Livingstone President and CEO: Garfield MacVeigh Vice President, Exploration: Darwin Green After two seasons of focusing its exploration efforts on gold properties in the Yukon Territory and Ontario, Constantine Metal Resources Ltd. returned to Southeast Alaska to expand Glacier Creek, a high-grade volcanogenic massive sulfide deposit at its Palmer project. The renewed focus on its flagship property is largely attributable to US$22 million option and joint venture agreement that Constantine forged...
The 6.4 million ounces of low-cost silver recovered from the Greens Creek Mine in Southeast Alaska during 2012 is funding growth aspirations at Hecla Mining Co., including a foray into Canada's mining sector. "This past year, with the Lucky Friday down, Greens Creek generated strong silver production and cash flow to allow record capital investments that are expected to generate not only higher silver production in 2013, but expected organic growth well into the future," said...
VANCOUVER, B.C. - British Columbia, Alaska and Yukon Territory - the headliners of the Association for Mining Exploration British Columbia's 2013 Mineral Exploration Roundup - tallied more than C$1 billion of mineral exploration spending in 2012. This marks the second year running that these neighboring jurisdictions at the northwestern extent of the North American Cordillera topped the C$1 billion mark. But unlike the 2012 Roundup, a year in which explosive exploration...
British Columbia in 2012 continued to exhibit its strength as the mining and exploration powerhouse of the North American Cordillera. The Canadian province's wealth of mineral potential is the result of geological phenomena that also created the mountain chains "that we have in our province and to the north," according to Bruce Madu, director of the Mineral Development Office of the B.C. Ministry of Energy and Mines. Madu told participants in the 2012 Mineral Exploration Roundup in January that expansion is the theme at most...
bbb: TSX Chairman and CEO: Gary Thompson, P.Geo, P.Geol. Director: George Salamis, Geologist Director: Jim Defer, CA CBV Brixton Metals Corp. is exploring its flagship 25,000-hectare (61,775 acres ) Thorn Property which is located in northwestern British Columbia about 130 kilometers (81 miles) southwest of Atlin, B.C. Brixton has found substantial near-surface, high-grade mineralization at the largely untested Oban Breccia Zone, which is located in the heart of a 6-kilometer mineralized corridor within Thorn. Drill results...
After an extremely busy, productive year, the final weeks of 2011 and the first few weeks of the New Year were remarkably quiet for Alaska's mining industry. But not to worry, it appears to be just a pause, while everyone catches their breath before heading into what promises to be another eventful year. While reading the plentiful (and sometimes bizarre) end of year reviews and forecasts, I came upon one that surprised me. In a Dec. 30 news release, Reuters noted that gold...
Millrock Resources Inc. is artfully implementing the science of making grassroots gold and copper discoveries, proving the promise of these new finds and vending the prospects to other companies to do the heavy lifting of defining a deposit. This business model is paying off for the project generator. Some US$11 million is being spent on exploring its Alaska copper and gold prospects in 2011, with nearly US$10 million funded by its project partners. Senior miners Teck...
A recent article in the Newsletter of the Society of Economic Geologists discussed ways of addressing an arresting trend in the mining industry that affects Alaska's mining future. Authors N. Stephen Enders of the Colorado School of Mines and Cliff Saunders of Too Serious Unlimited, showed that the discovery rate for gold has been dropping steadily since 1999, while the gold mined by operating mines worldwide has remained essentially unchanged at about 80 million ounces per year. The low for ounces discovered coincided with...
The mineral project generator model is paying dividends for Millrock Resources Inc. The junior anticipates exploration on its Alaska gold properties to top US$10 million in 2011, with more than US$9 million to be funded by project partners. Millrock has attracted senior miners Teck Resources Ltd. and Kinross Gold Corp. to some of the Alaska gold projects it has generated. Additionally, junior explorers Crescent Resources Corp., Brixton Metals Corp. and Ryan Gold Corp. also...
Brixton Metals Corp., the newest explorer and among the largest landowners in the Kahiltna Terrane region of Southwest Alaska, is on a mission to acquire large-scale precious metals properties and advance them to feasibility. To this end, the company has cut exploration deals to explore Millrock Resources Inc.'s Cristo gold-copper property in Southwest Alaska and Kiska Metals Corp.'s Thorn gold-silver-copper project in Northern British Columbia. "Brixton's vision is to focus o...
When Rimfire Minerals Corp. and Geoinformatics Exploration Inc. joined forces to form Kiska Metals Corp. in the fall of 2009, the primary objective of the amalgamated junior was to resolve the tenure of the Whistler Project. A year later the junior explorer achieved this goal, gaining sole-ownership of the expansive gold-copper property in Alaska. Rio Tinto subsidiary Kennecott Exploration Co., which optioned Whistler to Geoinformatics in 2007, had the right to buy back a...
Since its inception in 2007, Millrock Resources Inc.'s modus operandi is to seek out early-stage mineral prospects in Alaska and Arizona, complete initial exploration and then joint venture the projects to other industry players. Utilizing this project generator model the junior has amassed a portfolio of 10 gold and copper projects, seven of which received partner-funded exploration in 2010. Estelle, Millrock's flagship gold property in Alaska, had been the one caveat to the...
In the last month, several of Alaska's major metal mines reported strong operating numbers; one company released a preliminary economic assessment and three new mineral exploration companies acquired exploration interests in Alaska. While the functions of explorers and producers are quite different, the symbiotic relationship between the two ends of the mining cycle is unequivocal: exploration would not exist without production and production would eventually cease without...
