The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 33 of 33
Fury Gold Mines Ltd. Dec. 1 reported that 2021 drilling has tapped a wide section of high-grade gold about 120 meters below the Three Bluffs deposit on its Committee Bay property in Nunavut's Kitikmeot region. According to the most recent calculation, Three Bluffs hosts 2.1 million metric tons of indicated resource averaging 7.85 grams per metric ton (524,000 ounces) gold; and 2.9 million metric tons of inferred resource averaging 7.64 g/t (720,000 oz) gold. Targeting a...
Fury Gold Mines Ltd. July 14 announced the start of a roughly 5,000-meter drill program that will follow up on high-grade gold at the Raven prospect and test the resource expansion potential below the Three Bluffs deposit at its Committee Bay project in Nunavut. The 270,000-hectare (667,000 acres) Committee Bay property covers a gold enriched greenstone belt that extends for roughly 300 kilometers (180 miles) across Nunavut's Kitikmeot region. "Committee Bay represents a...
Nunavut is one jurisdiction in Canada with a favorable economic outlook in the face of the COVID-19 pandemic, according to a recent economic analysis completed by the Conference Board of Canada. The reason: Nunavut's mining sector, which remained mostly intact in 2020, accounted for more than one-third of its economy, a higher share than in every other Canadian province or territory. Projected to have expanded 6.1% last year, Nunavut's economy is forecast to grow 13.2% in...
Fury Gold Mines Ltd. Feb. 17 announced plans to complete 5,000 to 10,000 meters of resource expansion and exploration drilling this year at Committee Bay, a 270,000-hectare (667,000 acres) property that covers a gold enriched greenstone belt that extends for roughly 300 kilometers (180 miles) across Nunavut's Kitikmeot region. Three Bluffs, the most advanced target at Committee Bay, lies at the center of this massive greenstone belt. According to the most recent calculation,...
Fury Gold Mines Ltd., which was formed as the result of the October merger of Auryn Resources Inc. and Eastmain Resources Inc., plans to complete 25,000 meters of drilling at Homestake Ridge, a high-grade gold-silver project in British Columbia's Golden Triangle. Brought into Fury by Auryn, Homestake Ridge hosts an estimated 816,719 ounces of gold, 17.8 million oz of silver, 15.9 million pounds of copper, and 17.3 million lb of lead in three zones – Homestake Main, H...
The game is afoot! The last month has seen the start of a number of field programs in Alaska, marking the beginning of the traditional "field season" in the Great Land. With demand for metals remaining extraordinarily high, Alaska's mining industry is operating at capacity but well below demand. An acute shortage of drills and drillers, geologists and engineers and helicopters to move them all around is affecting exploration, development and production plans around the state. For the first time in my career, money is not in...
Over the course of the last several months, a series of new gold and base metal discoveries have been made. Several of these new discoveries were reported in the last month and highlights of these and other activities were presented at the annual Alaska Miners Association convention in Anchorage in early November. The convention was one of the most exciting and up-beat events in nearly a decade. The new discoveries are a trend that, while long in coming, are an inevitable...
As expected, news has begun to trickle in from projects being worked on across the state. Some of the news is good, some not so good and some makes one scratch the head and wonder what it all means. Two new corporations entered the Alaska exploration industry in August, a trend started late last year as metal prices began their climb to current levels. August also saw the start of several new programs on a wide range of projects spread from the Seward Peninsula to southern Southeastern Alaska. The tally of the good, the bad...
