The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 25 of 58
Luckystrike Resources Ltd. Aug. 19 announced the completion of a 1,106-meter drill program targeting the expansion of the Monte Carlo zone on the Lucky Strike property in Yukon's White Gold District. Goldstrike Resources Ltd., which spun out Lucky Strike and other Yukon gold properties into Luckystrike Resource in 2018, first encountered gold at Monte Carlo while trenching an 1,800-meter-long induced polarization geophysical anomaly in 2016. That company followed up with a sma...
Goldstrike Resources Ltd. Jan. 24 reported that Newmont Mining Corp. has ended its option to earn an interest in Goldstrike's Plateau gold property in the Yukon. Under an agreement struck with Goldstrike early in 2017, Newmont had the option to earn up to a 75 percent stake in Plateau by making cash payments to Goldstrike, investing in exploration at Plateau and completing a feasibility study for the gold project. Over the first two years of the option, Newmont invested...
Luckystrike Resources Ltd. said its 2018 exploration program at Lucky Strike continues to demonstrate that this property in the heart of the White Gold District has the ingredients to develop into another big gold discovery in the Yukon. Luckystrike Resource was formed earlier this year as a spin-out of Goldstrike Resources Ltd., a company that previously made a major Yukon gold discovery on its Plateau property. Early last year, Newmont cut a C$53 million deal to earn up to...
Goldstrike Resources Ltd. June 27 said drills are turning on its 156-square-kilometer (60 square miles) Lucky Strike gold property in the heart of the Yukon's White Gold District. Following up on the 1,033-meter maiden drill program carried out last year, the 2018 drill program begins at the Monte Carlo zone, a 1,400- by 350-meter geochemical anomaly where trenching has returned long sections of gold comparable to trenches that led to the discovery at Goldcorp's Coffee gold...
ATAC Resources Ltd. June 18 reported a 1.69-million-ounce maiden gold resource for Osiris, one of three projects that make up the 1,700-square-kilometer (656 square miles) Rackla Gold property in the Yukon. Osiris is where ATAC first discovered Carlin-type gold, which is found in sediment hosted deposits where very fine-grained gold is typically associated with pyrite or arsenopyrite. This type of gold mineralization gets its name from the Carlin Mine in Nevada, where it was...
Goldstrike Resources Ltd. June 11 reported that a planned 10,000-meter drill program being funded and operated by Newmont Mining Corp. is now underway at the 662-square-kilometer (256 square miles) Plateau gold property in Canada's Yukon. Newmont, which cut a C$53 million deal to earn up to a 75 percent stake in Goldstrike's expansive and gold-rich Plateau property early in 2017, invested C$6 million on an exploration program focused on understanding and modeling the controls...
Goldstrike Resources Ltd. May 22 said it is mobilizing for the 2018 exploration program at Lucky Strike and other properties it holds in Yukon's White Gold District. This year's exploration will follow-up on the success Goldstrike had on the Lucky Strike property in 2017, where the company completed the first ever drilling into the property's Monte Carlo zone. The company narrowed drill targets at Monte Carlo with trenching in 2016. One trench dug at this 1,400- by 350-meter...
Goldstrike Resources Ltd. May 16 announced plans to spin its six properties in Yukon's White Gold District, Yukon into a subsidiary to be known as Luckystrike Resources Ltd. Goldstrike said shifting the White Gold District properties into a separate public company will position these gold assets to be valued on a standalone basis and will allow Goldstrike management to focus on that company's strategic partnership with Newmont Mining Corp. on the Plateau gold property. "We...
Goldstrike Resources Ltd. April 30 reported that Newmont Mining Corp. is funding up to 10,000 meters of drilling at the expansive Plateau gold property in the Yukon. Early last year, Newmont cut a C$53 million deal to earn up to a 75 percent stake in the expansive and gold-rich Plateau property by paying Goldstrike C$8 million and investing C$38.8 million to explore the gold property over the next decade. The agreement included a C$6 million private placement financing under...
Goldstrike Resources Ltd. Jan. 17 reported that the final hole of its 2017 drill campaign at the Lucky Strike property in Yukon's White Gold District cut 7.73 meters averaging 3.04 grams per metric ton gold. Early staged exploration has identified five large gold-in-soil anomalies – Monte Carlo, Belmont, Samson, Boss and Maverick – along a 10-kilometer- (6 miles) corridor running across the property. Monte Carlo, discovered in 2016, was the primary focus of the 2017 pro...
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$249.4 million, made up of C$...
The two mega-mergers that hit the gold mining sector early in 2019 – Barrick Gold Corp. combining with Randgold Resources Ltd. and Newmont Mining Corp. acquiring Goldcorp Inc. – is forever changing the gold mining landscape around the world. While the two largest gold mining companies Newmont Goldcorp (No. 1) and Barrick (No. 2) are still in the process of shedding assets following the mega-mergers, it seems that Newmont Goldcorp will emerge with a much stronger foothold in...
Since its formation in 2018, Luckystrike Resources Ltd. has been exploring Yukon gold properties spun out of Goldstrike Resources Ltd., with a primary focus on its flagship Lucky Strike gold property in the heart of the White Gold District. The 2019 drill program at Lucky Strike targeted the expansion of two zones of gold mineralization tapped in DDLS-18-06, a 2018 hole that cut 8.3 meters averaging 1.16 grams per metric ton gold in an oxidized upper zone and 7.6 meters...
More than three dozen explorers chased lucrative mineral deposits in Yukon Territory in 2017 and most of these junior and senior companies returned to the northern jurisdiction this year to take another crack at hitting the jackpot. Known for its rich and storied gold mining history as well as its rugged mountain peaks, Yukon is roughly 15 percent larger than California, covering more than 482,000 square kilometers (186,272 square miles). Split off from the Northwest...
The proposed combination of Newmont Mining Corp. and Goldcorp Inc. has raised questions about the future of the companies' gold assets in the Yukon and investments in other junior mining companies across Canada's North. Two of the gold projects in the proposed Newmont Goldcorp pipeline are found in the Yukon – Plateau, a large property being explored by Newmont, and Coffee, a project that is nearing the mine development stage. Knowing that the combined gold miner plans to shed...
Goldstrike Resources Ltd. might be feeling lucky, but that doesn't mean the Canadian gold explorer is easing up in its aggressive push into Yukon Territory. Instead of kicking back and reveling in the C$53 million payday from Newmont Mining Corp., its new partner in exploring the highly prospective Plateau gold property in central Yukon, Goldstrike's management team immediately began positioning the organization to deliver what could become the next big gold discovery in the...
Roads to some of Yukon's richest mining districts are getting more than C$360 million in upgrades. Canada Prime Minister Justin Trudeau rolled out the plans to invest in modern transportation infrastructure during a visit to the territory on Sep. 2. "Modern infrastructure is key to developing and properly managing the incredible natural resources we have at our fingertips," Trudeau said. The prime minister pledged C$247.8 million to the Yukon Resource Gateway project, a...
Goldcorp Inc.’s half-a-billion-dollar purchase of Kaminak Gold Corp. and the Coffee Gold project in Yukon Territory in 2016 marked a major shift for North of 60 mining explorers. Junior mining explorers typically look to the investment community for the venture capital needed to discover rich deposits of minerals. In turn, major mining companies come along and buy the mineral-rich project or the company that discovered it, typically providing a handsome return for the j...
Over the past six years, Goldstrike Resources Ltd. have been finding zones rich in visible gold across its 570-square kilometer (220 square miles) Plateau property in Yukon Territory - discoveries that have piqued the interest of Newmont Gold Corp. In March, Newmont cut a C$53 million deal to earn up to a 75 percent stake in the expansive and gold-rich Plateau property by paying Goldstrike C$8 million and investing C$38.8 million to explore the gold property over the next decade. The agreement included a C$6 million private...
As some of the world's biggest gold miners nab exciting plays that turned up across Yukon Territory during the past decade, Yukon's mining explorers continue to seek the next generation of mine projects in the northwestern-most Canadian territory. Many of the up and coming mines in Yukon also are getting a boost from C$360 million in upgrades to roads into some of Yukon's richest mining districts. Known as the Yukon Resource Gateway project, the endeavor to modernize...
Following up on the discoveries made during a C$1 billion exploration explosion in the Yukon from 2007 until 2013, five of the world's largest gold producers are leading a second wave of the 21st Century Yukon Gold Rush. Kinross Gold Corp., which operates the Fort Knox Mine in neighboring Alaska, was the first of the majors to grab a foothold in the Yukon when it acquired the White Gold property in 2009. The real rush of majors to the westernmost Canada territory, however,...
Goldstrike Resources Ltd. July 5 announced that a 10,000 line-kilometer airborne magnetic survey and a district-scale geochemical program have been completed at Plateau and drilling is now underway at the gold property. This marks the first exploration program since Newmont Mining Corp. joined Goldstrike in exploring the Yukon property. This year's geophysical and geochemical programs utilized Newmont's exploration team, equipment and proprietary techniques. With this program...
Goldstrike Resources Ltd. Nov. 20 reported that the discovery hole at the Monte Carlo zone on its Lucky Strike property cut 22 meters averaging 5.36 grams per metric ton gold, including 18.79 g/t gold over 5.72 meters. The 2017 program at Lucky Strike included 1,032 meters of drilling in nine shallow holes testing Monte Carlo. Intercepts from the first seven holes include 3.57 meters of 1.75 g/t gold; 2.15 meters of 5.12 g/t gold; and 9.55 meters of 1.33 g/t gold. Assay results from one hole are pending. "The inaugural drill...
Goldstrike Resources Ltd. Dec. 11 reported that Newmont Mining Corp. plans to complete up to 10,000 meters of drilling during the 2018 program at the Plateau gold property in the Yukon. In March, Newmont cut a C$53 million deal to earn up to a 75 percent stake in the expansive and gold-rich Plateau property by paying Goldstrike C$8 million and investing C$38.8 million to explore the gold property over the next decade. The agreement included a C$6 million private placement...
Goldstrike Resources Ltd. Oct. 4 announced the successful completion of the 2017 exploration program at Plateau, a Yukon gold property the company is advancing in conjunction with Newmont Mining Corp. In March, Newmont cut a C$53 million deal to earn up to a 75 percent stake in the expansive and gold-rich Plateau property by paying Goldstrike C$8 million and investing C$38.8 million to explore the gold property over the next decade. The agreement included a C$6 million private placement financing under which the gold-focused...
