The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 24 of 24
Assessed five techniques, narrowed them down, and determined zinc is the key. Cantex Mine Development Corp. March 14 announced that the company has determined a reliable method to verify the bulk concentration of germanium as it continues to advance its North Rackla project in Yukon, Canada. Reported for potential germanium in Feb. 2023, Cantex announced then the discovery of a roughly 2,500-meter-long, massive sulfide trend enriched with much more than the gold, silver,...
Cantex Mine Development Corp. April 13 announced an update for its North Rackla claim block in Canada's Yukon, reporting results from the latest 21 holes from the company's 2022 drill program. North Rackla was generated from a 30,000-square-kilometer (11,583 square miles) regional heavy mineral sampling program and was discovered in an area favorable for Carlin-style mineralization similar to ATAC Resources Ltd.'s Osiris deposit in 2010. During 2022, Cantex tested three...
Cantex Mine Development Corp. Feb. 9 announced an update from the Main zone on its North Rackla property that, after core analyses, mineralization shows levels of very high germanium content. Generated from a 30,000-square-kilometer (11,583 square miles) regional heavy mineral sampling program, North Rackla was discovered in an area favorable for Carlin-style mineralization similar to ATAC Resources Ltd.’s Osiris deposit in 2010. Staked in 2012, the ensuing work has i...
Though effects of the COVID-19 pandemic lingered, mineral explorers rushed to the Yukon like moths to a flame during 2022. Mining's most daring sector rallied to generate the busiest field season seen in Canada's westernmost territory in years. In June, Natural Resources Canada projected mineral exploration and deposit appraisal spending in Yukon during 2022 to total C$157.9 million, up 14.5% from C$135.1 million estimated for 2021 and nearly double C$83.6 million in 2020....
Cantex Mine Development Corp. Sept. 26 announced an update on its drilling program at the company's Main Zone of the North Rackla claim block in Yukon, Canada. Staked for its Carlin-style gold potential in 2012, ensuing work at North Rackla has discovered the 2,500-meter-long Massive Sulfide trend enriched with zinc, lead, manganese, copper, and silver. From the extensive ongoing program, the first results from its 2022 drill program have begun to roll in. Highlights from the...
Cantex Mine Development Corp. August 11 reported an update on the drilling of the GZ Zone at its 14,077-hectare (28,622 acres) North Rackla claim block in the Yukon. Generated from Cantex' 30,000-square-kilometer (11,583 square miles) regional heavy mineral sampling program, North Rackla was discovered in an area favorable for Carlin-style mineralization similar to ATAC Resources Ltd.'s Osiris deposit in 2010. Staked in 2012, the ensuing work has identified areas that contain...
Mining exploration and production activity soared in Yukon Territory in 2021 thanks to high metals prices, pro-industry government policies, and mounting successes in the field. Bouncing back from some of the most challenging working conditions in modern history due to the COVID-19 pandemic, placer and hardrock miners stepped up the pace of their activities, posting record production numbers and promising exploration results. With the rollout of COVID vaccines and the prospect...
Drill results from mineral exploration programs in Canada's Yukon Territory this year are beginning to roll in as numerous companies wind down 2021 field operations in what some describe as one of the busiest mining seasons in years. Coming on the heels of an eight-year capital market down-cycle, plus a 2020 season burdened with operating restrictions due to the COVID-19 pandemic, the current season is bringing more upbeat challenges to Canada's Far North typically associated...
Cantex Mine Development Corp. Sept. 5 reported that this year's drilling at its North Rackla project in the Yukon continues to cut massive sulfide zones rich in zinc, lead, manganese and silver. Prospecting, sampling and trenching carried out by Cantex during the 2014-16 seasons showed the potential of the Discovery zone at North Rackla but the real excitement began with the spectacular mineralization tapped during the 2018 drilling into a new zone known as Extension....
Yukon Territory, a mineral exploration frontrunner in Canada's North, is witnessing a significant slowdown in 2019. As a result, growth in Yukon's economy is expected to slow this year but rebound in 2020, according to The Conference Board of Canada. In its "Territorial Outlook Economic Forecast: Summer 2019," released in June, the board said new mines coming online in 2020 will drive Yukon's growth in the near future. Several factors, however, have converged to put the...
Cantex Mine Development Corp. April 15 announced the start of a 2019 exploration program at North Rackla that is slated to include sampling, geophysics and 18,000 meters of drilling at this high-grade zinc-silver project in the Yukon. Following a successful drill program in 2018, Cantex raised C$15 million this spring to fund its 2019 exploration that will focus primarily on Massive Sulphide, a zone where last year's drilling encountered 3.2 meters of 40.2 percent zinc and...
Cantex Mine Development Corp. Nov. 20 provided updated assay results for samples from this summer's drilling at the aptly named Massive Sulphide zone on its North Rackla property that topped 30 percent zinc and 20 percent lead. The 14 zinc samples that exceeded the 30 percent limit for the assay methods previously used contained between 35.47 and 51.14 percent zinc. The nine over-limit lead samples contained between 20.94 and 39.63 percent lead. Hole YKDD18-012 cut two mineral...
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$249.4 million, made up of C$...
Cantex Mine Development Corp. is focused on expanding massive sulfide zones on its North Rackla property in the Yukon that are rich in zinc, lead, manganese and silver. Located about 20 kilometers (12.5 miles) north of ATAC Resources Ltd.'s Rackla Gold property, North Rackla is a relatively new discovery. Prospecting, sampling and trenching from 2014-16 showed the potential of the Discovery zone at North Rackla but the real excitement began with the spectacular mineralization...
Cantex Mine Development Corp. Oct. 29 reported spectacular zinc-lead-silver results from this year's drilling at the aptly named Massive Sulphide zone on the company's North Rackla property in the Yukon. The zinc and lead grades for some of the samples from five of the holes drilled were so high – exceeding 30 percent zinc and 20 percent lead – that they topped the limits of the assay methods used. These five holes were drilled in Extension zone, which is a section of Mas...
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...
Cantex Mine Development Corp. Oct. 11 reported plans for a late season drill program at its North Rackla project in the Yukon Territory. This summer, the company completed trenching, rock sampling and geologic mapping in an area of anomalous gold-zinc-lead-silver in the northern portion of the North Rackla claim block. Trenching in this area encountered 1.5 meters grading 1.28 grams per metric ton gold and 10 g/t silver; two meters of 41 g/t silver and 2.85 percent zinc; and o...
WHITEHORSE, Yukon Territory - Quieter streets, emptier skies, shorter business hours and closed shops here are sure signs of tough times in the mining industry. Hours away by helicopter, one can find bare-bones exploration camps and skeleton staffs sprinkled like the occasional grain of visible gold across remote mountain vistas, which also reflect the return to the frugal times of the past. In the wake of more than two years of scarce capital, mineral exploration activity is a shadow of the booming times the territory...
Asubstantial amount of exploration activity continued apace in Yukon Territory this season despite the truncated budgets that forced most mining companies to juggle their projects and priorities. Some exploration companies found creative ways to raise capital, turning out their pockets to return to Yukon in 2013 to explore for Carlin-style gold mineralization in the east-central region of the territory, for more gold-bearing structures in the White Gold and Klondike districts to the west and for other styles and types of...
A substantial amount of mining activity continued apace in Yukon Territory this season even though most mining companies are shying away from the anorexic capital markets. Many exploration companies raised funds in other ways, turning out their pockets to return to Yukon in 2013 to explore for Carlin-style gold mineralization in the east-central region of the territory, for more gold-bearing structures in the White Gold and Klondike districts to the west and for other styles and types of mineralization elsewhere in the territ...
While the frenzy of activity that engulfed the Yukon Territory in 2011 did not re-emerge this season, scores of players, from upstart juniors to global mining firms mounted impressive mineral exploration campaigns throughout the territory. Gold was the primary metal sought in the Yukon in 2012, but some explorers chased silver, copper, zinc-lead, iron and other minerals. Based on the spending plans of mining companies in March, Natural Resources Canada projected C$285 million planned spending across the Yukon, a decrease of...
Frontrunners in the Yukon mineral exploration rush in 2011 spent more than C$12 million each, with at least one company pouring C$25 million into its program. These companies include Atac Resources Ltd., Kaminak Gold Corp., Capstone Mining Corp., Alexco Resource Corp., Golden Predator Corp., Ryan Gold Corp. and Silver Range Resources Ltd. At least another 14 companies shelled out more than C$5 million each to search for precious and base metals, using virtually every modern exploration technique from sampling to drilling....
Another busy summer field season is getting underway in Yukon Territory, and government officials are projecting record numbers of mining companies flocking to the Northwest Canada jurisdiction and spending unprecedented sums on mineral exploration programs scattered across the southern two-thirds of the territory. Based on the industry's spending intentions in February, Natural Resources Canada projected C$39.3 million would be spent in 2011 by the majors on exploration and deposit appraisal activities in Yukon Territory,...
B.C. based Metalex Ventures Ltd. said in mid-March that it has two samples, collected 430 meters apart, that contain "exceptional concentrations" of fresh diamond indicator minerals in glacial till at its West Greenland project. The company said in a press release that the "G10 garnets from both samples plot in the same part of the Cr(2)O(3)-CaO diamond stability field as some G10 garnets that occur as inclusions within diamonds at the Finsch, Bultfontein, Roberts Victor, and several other African mines, as well as from G10...
