The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 76 - 87 of 87
Fireweed Zinc Ltd. July 21 announced the start of a 2,000-meter drill program at the Macmillan Pass zinc-lead-silver project in southeastern Yukon. The primary objectives of this initial phase of drilling is to verify historic mineral resources at the Tom and Jason deposits, and step-out drilling to expand the deposits. Together, these deposits host 6.43 million metric tons of historical resources averaging 6.3 percent zinc, 5.5 percent lead and 56.6 grams per metric ton silver in the indicated category; and 25.55 million...
Fireweed Zinc Ltd. Aug. 8 announced it has signed an Option and Exploration Agreement on Newmont Mining Corp.'s MAC claims, which extends northwest from Fireweed's Macmillan Pass zinc project in southeastern Yukon. Selwyn Basin, where both properties are located, is known for the sedimentary exhalative zinc‐lead‐silver deposits found there. The newly optioned MAC claims cover 16,780 hectares (41,460 acres) of the Selwyn Basin, which quadruples the area of Fireweed's Macmillan Pass Project. These claims cover the...
Fireweed Zinc Ltd. Oct. 10 reported high-grade zinc results from the first four holes drilled at Jason, one of two deposits the company is testing with confirmation drilling during its 2017 program at the Macmillan Pass project in eastern Yukon. JS17-01, the first hole drilled at Jason this year, cut 7 meters of 12.16 percent zinc and 3.13 percent lead from a depth of 172.3 meters. Other highlighted intercepts include 10.5 meters of 7.82 percent copper and 1.39 percent lead from a depth of 155.2 meters in hole JS17-02; and...
Fireweed Zinc Ltd. Sep. 12 reported results from the first five holes of its 2017 drill program on the Macmillan Pass zinc project in eastern Yukon. The best intercept so far came in hole TS17-03, which cut 24.4 meters averaging 10.2 percent zinc, 6.28 percent lead and 87.7 grams per metric ton silver. Fireweed said this intersection confirms the very high grades near the surface of the Tom West zone. Hole TS17-05, also drilled at Tom West cut 27.7 meters averaging 6.35 percent zinc, 3.15 percent lead and 34.2 g/t silver....
Fireweed Zinc Ltd. May 29 announced the completion of a C$4 million initial public offering and the start of trading on the TSX Venture Exchange. Fireweed is a new exploration company that has an option to acquire Macmillan Pass, a major advanced zinc-lead project in eastern Yukon. Macmillan Pass includes two large zinc-lead-silver deposits known as Tom and Jason. Together, these deposits historical resources of 6.43 million metric tons averaging 6.33 percent zin, 5.505...
The Prospectors and Developers Association of Canada bestowed its prestigious "Viola R. MacMillan Award" on Capstone Mining Corp., owner and operator of the Minto Mine in central Yukon Territory at its annual convention in Toronto on March 3. The award is named in honor of the PDAC's longest-serving president and is given to a person or company demonstrating leadership in management and financing for the exploration and development of mineral resources. Capstone, a Vancouver-based base metals miner focused on copper, won the...
CS: TSX President and CEO: Darren Pylot Senior Vice President and COO: Gregg B. Bush, B.Sc. (Metallurgical Eng.) Vice President, Exploration: Brad Mercer, P. Geol. Capstone Mining Corp. is focused on operating, expanding and exploring its assets, including mines or mine projects in Yukon Territory, British Columbia, Mexico and Chile. The Minto copper-gold-silver mine in central Yukon Territory and the high-grade Kutcho copper-zinc-gold-silver deposit in northwestern British Columbia are Capstone's only northern Canada...
The recession is taking its toll among mining companies with properties in Alaska and northwestern Canada as mergers and acquisitions surged in this sector during the second quarter, in step with a global industry trend. Companies across the exploration and development spectrum from mining giants to the smallest juniors closed on deals with firms that are struggling to survive the recent cash crunch as independent entities. The Wall Street Journal reported in early August that according to data provider Dealogic, value of...
Let me extend my apologies to all those looking for a quick summary of the Alaska mining industry this month. There is nothing "quick" about the tome you are about to read, but don't blame the messenger. I just report what I read, and this month it's a sack full! No need for more words, just read on! Western Alaska NovaGold Resources announced results of a newly released report on the Rock Creek project, nearing commercial production outside of Nome. The revised feasibility...
As is commonly the case in late January, an over abundance of news has come out in the last month, in part to coincide with year-end financial releases and in part to coincide with the annual Cordilleran Roundup mining convention in Vancouver. The news itself included an $819 million year-end 2007 profit at one Alaska mine, new gold resources of 32.8 million ounces for the state's largest gold deposit and the sale of 70 percent of another mine for a whopping $750 million. That doesn't count new resource estimates on two other...
Full Metal Minerals Corp. is gearing up for a busy 2008 exploration season. And Rob McLeod, the Vancouver, B.C.-based junior's vice president of exploration, "can't think of a better place to explore than Alaska in terms of mineral potential." McLeod told Mining News in a recent interview that the company will spend between $17 million and $20 million on exploration this year on ten projects in Alaska and one prospect in Canada's Yukon Territory. Some $6.5 million of that...
For those of you who could not attend the Alaska Miners Association convention in Anchorage in early November, you missed what I understand was a record attendance and presentations on some of the most exciting mining developments in the last decade. In addition, I noticed a lot more business being conducted around the conference hotel than is normally the case. Geologists and engineers from companies large and small could be seen hunkered down over reports and maps with...
