The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Is the "Yukon Gold Rush" about to spill into Alaska? Since the 1896 discovery of gold on the aptly named Bonanza Creek sparked a stampede of fortune seekers to the rivers and streams of the Klondike, these world-class mining jurisdictions that share a common geological and mineralization history have been engaged in a cross-border rivalry of drawing prospectors and miners to their mineral-rich deposits. While 19th Century miners seeking their fortunes in Alaska's Fortymile...
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....
GPD: TSX-V Chairman and CEO: William M. Sheriff, B.Sc. President: John Legg, B.A., LLB Vice President Exploration (Canada): Michael G. Maslowski Golden Predator Royalty & Development Corp. was spun out with the precious metal assets of Golden Predator Mines Inc. in 2009. Launching a C$15 million exploration campaign in 2011, the company has followed up on aggressive 2010 exploration of large precious metal projects in Yukon Territory with an eye to becoming a gold producer. Golden Predator holds an extensive Yukon property...
YUKON TERRITORY - "There's gold, and it's haunting and haunting; It's luring me on as of old; Yet it isn't the gold that I'm wanting; So much as just finding the gold." This passage from the "Spell of the Yukon" is as applicable to the contemporary stampede of explorers seeking mineral riches in the home of the Klondike as it was to the prospectors of which Robert Service wrote more than a century ago. It is estimated that the modern rush of prospectors to Yukon Territory...
Every year about this time, I notice new ways to gauge just how busy the Alaska mining industry is. This year, it is the silence. Not the amazing silence of a mountaintop in the Alaska Range but the virtual and literal silence being practiced by the people who make up the industry. In an age where communications options are abundant and the opportunity to be "connected" is a 24-7 reality, people in the Alaska mining industry go silent in the depths of summer, primarily...
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,...
A strategy outlined by Golden Predator Corp. early in the year to focus most of its exploration resources in 2011 on three advanced exploration projects in Yukon Territory has morphed in recent weeks into unblinking attention on the one past gold producer in the company's portfolio - the Brewery Creek Project. "Due to the nature of the mineralization and the grade and consistency, we've certainly accelerated the budget on Brewery Creek "Our entire thinking about the project has changed," Golden Predator Chairman and CEO Wil...
Nearly a half century ago, John S. Brock ventured into Yukon Territory to explore for hardrock minerals. The young geologist soon found himself involved in Anvil Mining and Dynasty Exploration's discoveries that led to the development of Faro, which became the world's largest open-pit lead-zinc mine. "I was just a kid then, and I thought, 'This business is really easy,' " Brock recalled. Today, the longtime explorationist knows better. During the past 48 years, Brock has participated in numerous mineral discoveries in Canada,...
From college students seeking their first job in the minerals industry to executives of the world's leading mining companies, a record-setting 7,003 people packed the Westin Bayshore Hotel in Vancouver, B.C., Jan. 24-27 to attend the Association for Mineral Exploration British Columbia's 2011 Mineral Exploration Roundup. "The theme this year is 'Exploring Today for Tomorrow's Resources' - it couldn't be more important a theme, and it couldn't be more important an activity,"...
Ryan Gold Corp., the junior created when Valdez Gold Corp. merged with Ryan Gold Inc. in December, said it has defined a significant gold-in-soil anomaly during initial exploration of its Ida Oro Property in Yukon Territory. In mid-February, the company also reported signing a letter agreement to purchase 50 properties, comprising about 6,631 quartz claims located throughout the Yukon from Shawn Ryan and Wildwood Exploration Inc. "Having acquired the Ida Oro and Fifty Mile projects from Ryan Gold Inc. last fall, we are...
A revitalized Yukon Territory is ushering in a new era of mining prosperity as two more mines enter production this winter. "For the first time in a generation," the territory will have three operating mines that together will employ more than 400 workers and provide 100 direct service jobs and countless indirect positions and generate C$800 million for the Yukon economy annually," said Yukon Premier Dennis Fentie. "That's almost as much as the Government of Yukon's entire C$1 billion yearly budget." The recent startup of...
A pair of gold discoveries led a torrent of exploration news pouring out of Yukon Territory this year as numerous newcomers joined old hands in the hunt for the yellow metal and other lucrative minerals. "We've entered a new phase of exploration. People are using soil sampling as an unbiased targeting method that is resulting in discoveries of new mineral potential," Yukon geologist Mike Burke, told more than 500 participants in the Yukon Geoscience Forum Nov. 22. The areas where people are looking are expanding as miners...
As mining heats up in Yukon Territory, professionals from around the globe are finding new roles in the region and employing a host of unique experiences and perspectives in pursuit of exploration, development and production of the territory's minerals. This growing international contingent covers the industry spectrum and hails from around the globe. Their presence is most evident in exploration camps scattered across the Yukon; however, the new manager of Yukon's sole producer, Capstone Mining Corp.'s Minto Mine, is a...
With final 2010 exploration in hand, Golden Predator Corp. said its Clear Creek Project vaulted to the front of the pack of the eight gold projects that it is aggressively exploring in Yukon Territory. Clear Creek is located 65 kilometers, or about 40 miles, northwest of Mayo in central Yukon. Golden Predator can earn a 100 percent interest in the property, subject to a 3 percent net smelter return royalty, of which 1 percent on 77 quartz claims can be bought back for C$1 million and 2 percent on 55 quartz claims can be...
Primed for booming exploration for several years, the Yukon Territory appears to have hit big in 2010, both literally and figuratively. Emerging as one of the world's mining hot spots, the Northwest Canada jurisdiction is reporting industry investment exceeding C$120 million. Propelled by record gold prices and key gold discoveries, as well as surging demand in Asia for base metals and a mining friendly government, miners flocked to the territory in growing numbers, bringing generous exploration budgets and fresh theories...
KRX: TSX-V President and CEO: J. Greg Dawson, M.Sc., PGeo. Non-Executive Chairman: William M. Sheriff Chief Financial Officer: Justin Blanchet, CA Operating under the philosophy that it will maximize the chance for success in a high-risk business by concentrating on the right commodities in mining-friendly jurisdictions with high mineral potential, Copper Ridge Explorations Ltd. owns or has the option to acquire an interest in nine mineral properties in Alaska, Yukon and British Columbia. The junior also holds a royalty inter...
GPD: TSX-V Chairman and CEO: William M. Sheriff, B.Sc. President: John Legg, B.A., LLB Vice President Exploration (Canada): Corwin (Cor) Coe, A.Sc.T., B.Sc., P.Geo. Golden Predator Royalty & Development Corp., spun out with the precious metal assets of Golden Predator Mines Inc. in 2009, began operation with a gold royalty portfolio with average annual revenues exceeding C$1 million. The company is mandated to establish early high-grade precious metals production in Nevada, while conducting aggressive exploration and potentia...
SMD: TSX-V President and CEO: W. Douglas Eaton, B.A., B.Sc. Chief Operating Officer: Ian J. Talbot Chief Financial Officer: Larry Donaldson Strategic Metals Ltd. is an actively managed junior exploration company with working interests in more than 90 mineral properties in British Columbia and Yukon Territory. Its assets also include a large cash position, a valuable portfolio of shares in other resource companies and potentially valuable royalty interests. Strategic's property interests span a widely diverse suite of commodit...
DAWSON, Yukon Territory - "If we hold it, they will come," reasoned Mike Burke, head of Mineral Services at the Yukon Geological Survey. True to his expectations, some 70 prospectors, geologists and junior companies flocked to a Front Street meeting hall here Aug. 11 for the first-ever "Dawson Rocks," a one-day rock show/conference in what is fast becoming one of the world's hottest hardrock mining jurisdictions. A jovial crowd, attendees ranged from prospectors pedaling lucrative quartz claims to juniors touting new mineral...
DAWSON, Yukon Territory - Hardrock mining explorers are capitalizing on unprecedented investor interest and going after paying gold, silver, copper-rich porphyry, lead-zinc and other metal deposits here with uncommon gusto this summer. A few years ago, a multimillion-dollar, single-season exploration program would have been a rare commodity in the Yukon. But this year, at least a half-dozen juniors have joined one major, Kinross Gold Corp., and the Yukon's only producer, Capstone Mining Corp., in forking over megabucks to...
In its quest to become a self-funded gold mining company, Golden Predator Royalty & Development Corp. is making major changes this year and mounting an unprecedented exploration offensive in Yukon Territory during the 2010 summer field season. The Vancouver, B.C.-based junior unveiled a name change May 21 and the appointment of a new vice president of exploration for its Canadian assets. Golden Predator said it would become "Golden Predator Corp.," effective May 25. The company said the name change was made to reflect its man...
Recession, what recession? That could have been the cry of some gold exploration companies in Yukon Territory in 2009. Thanks to several very impressive gold discoveries in 2008 at a time of unprecedented highs in gold prices, momentum lost in other sectors of Canadian mineral exploration seemed to hardly touch the gold-rich hills of this mining-friendly jurisdiction. Some 63 companies started 2009 with planned exploration programs in Yukon, but before all was said and done, a horde of additional gold seekers poured into the...
KRX: TSX-V President and CEO: Gerald G. Carlson Non-Executive Chairman: William M. Sheriff Vice President, Exploration: J. Greg Dawson Copper Ridge Explorations Ltd., incorporated 1983 British Columbia as Payday Resources Inc., has a diversified commodity focus including base metals, precious metals, uranium and tungsten. Copper Ridge's exploration philosophy is to maximize the potential for success in a high-risk business. The company believes that with grassroots mineral exploration where the entry cost is low but the...
GPD: TSX-V Chairman and CEO: William M. Sheriff (mug) President: Robert Eadie President of True North Mining Corp.: Art Ettlinger Golden Predator Royalty & Development Corp., spun-out with the precious metal assets of Golden Predator Mines Inc. in January, hit the ground running with a revenue-generating gold royalty portfolio anticipating 2009 revenues of about C$1.2 million. The new Vancouver, B.C.-based junior also boasts a large asset base in Nevada and Yukon Territory with over 38 precious metals projects. The company...
DAWSON CITY, Yukon Territory - Modern-day prospector Shawn Ryan is hot on the trail of what he believes could be the monster lode source of the 6 million ounces of placer gold recovered from historic Bonanza Creek of Klondike Gold Rush fame. For more than a century, geologists and prospectors have searched for the source rock that dumped a golden treasure into the creek and lured tens of thousands of men into the Yukon at the turn of the 19th century. The lack of an obvious...
