The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 501 - 525 of 1467
Dolly Varden Silver Corp. June 11 announced that Eric Sprott and Hecla Mining Company participated in two private placement financings that raised C$7.68 million, which will primarily go towards further exploration and resource expansion at the company's Dolly Varden silver property in northwestern British Columbia. Situated 46 kilometers (29 miles) southeast of Stewart, the Dolly Varden property covers historic high-grade silver mines that date back to the early 20th century....
GT Gold Corp. July 6 released a maiden mineral resource estimate for the Saddle North porphyry copper-gold-silver deposit on the company's Tatogga property in British Columbia's Golden Triangle. Based on 41 holes of drilling completed since late in 2017, Saddle North hosts 298 million metric tons of indicated resource averaging 0.28% (1.81 billion pounds) copper, 0.36 grams per metric ton (3.47 million ounces) gold, and 0.8 g/t (7.58 million oz) silver; plus 543 million...
HighGold Mining Inc. July 22 announced that it now plans to complete at least 15,000 meters of drilling this year at its Johnson Tract Gold Project in Southcentral Alaska. HighGold had originally planned to complete 7,000 to 10,000 meters of drilling during the 2020 program at Johnson Tract. Strong investor interest, however, resulted in a very strong financing that closed earlier this month. As a result, the company has expanded the scope of this year's work. "With the...
Western Copper and Gold Corp. July 13 announced that the tonnage of measured and indicated mill resources at its Casino copper-gold project in the Yukon has more than doubled. A 2013 feasibility study for developing a mine at Casino envisions utilizing both a mill and heap leach to recover the copper, gold, silver, and molybdenum found there. According to the new calculation, Casino now hosts 2.17 billion metric tons of millable measured and indicated resources averaging...
Seabridge Gold Inc. July 16 announced the start of a roughly 8,000-meter drill program targeting a gold-copper porphyry mineral system below the Quartz Rise lithocap on the company's Iskut property in British Columbia's Golden Triangle. Located about 30 kilometers (19 miles) west of Seabridge's world-class KSM gold-copper project, Iskut is home to the historical high-grade Johnny Mountain gold-silver-copper mine. Three years of work at Quartz Rise, including two small drill...
HighGold Mining Inc. July 8 announced that it has raised C$12 million to fund an expanded drill program at its Johnson Tract gold project in Southcentral Alaska. Situated on Cook Inlet Region Inc., or CIRI, land on the west side of Cook Inlet, Johnson Tract hosts high-grade gold mineralization that is further enriched by associated silver, copper, zinc, and lead. According to a calculation earlier this year, the JT deposit at Johnson tract hosts 2.14 million metric tons of...
HighGold Mining Inc. June 30 announced the start of the 2020 exploration program at its Johnson Tract gold project in Southcentral Alaska. During the initial phase of this program, the company plans to complete 7,000 to 10,000 meters of diamond drilling to investigate five targets surrounding the property's JT deposit. "We are excited to launch on the first serious exploration drill program in 25 years at Johnson" said HighGold Mining President and CEO Darwin Green. According...
Crystal Lake Mining Corp. June 22 reported the first high-grade gold mineralization, along with additional copper, gold, silver, zinc, and lead mineralization tapped while testing three target areas at Burgundy Ridge on the company's 551-square-kilometer (213 square miles) Newmont Lake property in British Columbia's Golden Triangle. Situated about 30 kilometers (19 miles) northwest of Skeena Resources' Eskay Creek project and about the same distance southeast of Teck...
After helping to foster what is shaping up to be a mining renaissance in his hometown of Stewart, British Columbia, Rob McLeod has bought a major stake in Heatherdale Resources Ltd. and is bringing a new vision to that company's Niblack copper-gold-zinc-silver project on Prince of Wales Island in Southeast Alaska. According to a 2011 resource, the Lookout and Trio deposits at Niblack host 4.14 million metric tons of indicated resource averaging 1.13% copper, 2.32 grams per...
Like working a giant jigsaw puzzle, Western Copper and Gold Corp. has gradually pieced together components of the Casino Mine project in Yukon Territory, hoping to usher the project into production within the next few years. For 14 years, the industrious junior has chased the dream of producing copper, gold, molybdenum, and silver from the Casino deposit, known as one of the most prospective mineral concentrations of its type in the world. But with the turn of a drill a year a...
N'tsi Tatay, more widely known as the Windy Craggy Project, is one of North America's largest resources of cobalt with excellent copper, zinc, gold, and silver grades hosted in an Upper Triassic Besshi-style volcanogenic massive sulphide. It is located in the northwestern corner of British Columbia within a regional scale volcano-sedimentary basin, termed Alta Basin, which is a mineralized belt that has the potential for future discoveries. Other known sulphide prospects...
There are signs of renewed life for the Niblack copper-gold-zinc-silver project on Prince of Wales Island in Southeast Alaska. Heatherdale Resources Ltd., the company that owns Niblack, advanced the potential underground mine nearly to the permitting stage but became hampered by financial liabilities. A deal announced on June 3 cleans up Heatherdale's balance sheet and puts Rob McLeod at the helm of the restructured company. According to a resource calculated in 2011, Niblack...
The U.S. Army Corps of Engineers has determined that a road and pipelines around the north shore of Iliamna Lake is the most environmentally sound route to access the proposed Pebble copper-gold-molybdenum-silver mine in Southwest Alaska. Referred to as Alternative 3 in the draft Environmental Impact Statement for Pebble, this roughly 85-mile northern land-based transportation route would connect the Pebble mine site to Cook Inlet without the need for a ferry to transport...
White Gold Corp. is gearing up for another season of systematically advancing the dozens of exploration targets identified across its more than 1-million-acre (422,730 hectares) land package in Yukon's White Gold District. On May 15, the Yukon-focused gold exploration company announced that longtime strategic partners and new institutional investors are participating in a C$6 million financing that involves the issuance of 6.67 million flow-through shares at C90 cents each. Go...
PolarX Ltd. May 19 announced plans to carry out a roughly 3,000-meter drill program to test the high-grade copper and gold previously encountered in the Zackly East skarn deposit on its Alaska Range property Extending for roughly 22 miles (35 kilometers), Alaska Range consists of two adjacent copper and precious metal projects – Stellar and Caribou Dome – the Australia-based explorer merged in 2017. Zackly skarn is found in the middle of a 7.5-mile- (12 kilometers) long min...
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...
Fortune Minerals Ltd. May 7 announced that it continues to make progress on a new mine plan for its Nico cobalt-gold-bismuth-copper project in Northwest Territories during the coronavirus pandemic. The company said it is complying with government COVID-19 protocols, including temporary closure of its head office in Ontario, prohibiting non-essential travel and social distancing. Working from home, Fortune employees, with some assistance from engineering consultants, continue...
Contango ORE Inc. May 6 announced that management of the Peak Gold joint venture – Contango ORE (60%) and Royal Gold Inc. (40%) – has decided to postpone exploration on the Tetlin gold project in eastern Alaska in order to protect the health of workers and stakeholder during the COVID-19 outbreak. "These are certainly difficult times for everyone, and our primary concern is to ensure that our employees, contractors and community members remain safe and healthy," said Con...
HighGold Mining Inc. April 29 published the first NI 43-101 mineral resource estimate for the JT deposit, a modern industry compliant calculation that confirms the robust nature of this gold-silver-copper-zinc deposit on the company's Johnson Tract property in Southcentral Alaska. According to this new calculation, JT hosts 2.14 million metric tons of indicated resource averaging 6.07 grams per metric ton gold, 5.8 g/t silver, 5.85% zinc, 0.57% copper, and 0.71% lead. When...
An updated preliminary economic assessment for Seabridge Gold Inc.'s KSM project provides a first look at the economic and environmental advantages of incorporating the recently expanded, higher grade Iron Cap gold-copper deposit into the mine plan. "The benefits of incorporating Iron Cap into mine plans at an early stage have exceeded the upper end of our expectations, not only for the improvements in projected economics but also for the reduction in environmental impact,"...
One of the most prospective, if not the potentially richest, recent gold discoveries in Yukon Territory is changing owners. Seabridge Gold has agreed to purchase the 3 Aces Project in southeastern Yukon from Golden Predator Mining Corp. for 300,000 Seabridge common shares, contingent future cash payments totaling C$2.25 million and a 0.5% net smelter return royalty on the entire 3 Aces project, the companies reported March 30. The deal also includes an immediate cash payment...
The price of oil and gold heading in opposite directions in the wake of the COVID-19 pandemic could mark a tipping point that steers Alaska's economy on a new trajectory more rapidly than policymakers and prognosticators previously envisioned. As lawmakers focus their attention on slowing the spread of novel coronavirus in Alaska and re-opening the state for business as quickly and safely possible, the largest revenue stream to state coffers plummeted to subzero territory....
Looking "to chart the path forward toward a future of unparalleled American prosperity" in the wake of the COVID-19 pandemic, President Donald Trump has pulled together a wide array of business and thought leaders into various "Great American Economic Revival Industry Groups." National Mining Association President and CEO Rich Nolan was named among the esteemed leaders to the United States economic recovery group. "We appreciate President Trump's leadership during this...
GT Gold Corp. April 3 said the planned 2020 exploration program on its Tatogga gold-copper project in the Tahltan Territory of northwestern British Columbia would typically get started toward the end of May but could be delayed due to the COVID-19 outbreak. In response to the challenges posed by COVID-19, GT Gold has taken steps to support the health and safety of its employees and contractors. These measures include limited in-person meetings, postponed business travel and...
Millrock Resources Inc. and Resolution Minerals Ltd. March 30 announced a temporary COVID-19-related suspension of drilling at the 64North gold project adjacent to the Pogo Mine property in Alaska's Goodpaster Mining District. Though the drill crew was completely isolated, and thus in a very safe location for COVID-19 risk, it was the preference of the drilling contractor to allow its personnel to return to their families in the Lower 48 before conditions or travel...
