The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 50 of 58
Goldstrike Resources Ltd. continues to find new zones of visible gold across its 3,500-hectare (8,650 acres) Plateau South property in the Yukon Territory. The most recent such discovery was made at a zone called Bonanza, which is located about 4,000 meters away from and along trend with the Goldstack zone, one of the three primary gold zones along a 50-kilometer- (31 miles) trend at Plateau South. In July, the company reported that initial mapping of a 12- by 20-meter outcrop at Bonanza zone identified the most pervasive...
Mineral exploration in Yukon began 2016 much like it finished 2015... Challenging equity market conditions and cautious investors meant junior exploration companies started the season conservatively. The industry got a boost early in the season with the mid-May announcement of Goldcorp’s (www.goldcorp.com) interest in Kaminak Gold’s (http://kaminak.com) Coffee property. By the time Kaminak shareholders approved the C$520 million deal in July, companies were raising money, expanding field programs and making deals across the...
Like a gong proclaiming the end of the long and arduous bear market for North of 60 mining explorers, the May 12 news that Goldcorp Inc. would buy Kaminak Gold Corp. for roughly C$500 million reverberated from Yukon Territory throughout the North. While the rich lure of developing a mine at Kaminak's robust Coffee gold project lured Goldcorp to the Yukon, it was the exploration potential and the ability to permit and build a mine that convinced the producer to expand into the...
Barrick Gold Corp. and Novagold Resources Inc., equal owners of Donlin Gold LLC, Nov. 14 announced the appointment of Andy Cole as general manager of the Donlin Gold project in Alaska. "Advancing through permitting and preparing for the development of a unique asset like Donlin Gold is a rare opportunity and I'm excited to take on this role," said Cole. "We believe Donlin Gold can be a model of responsible mine development with the potential to generate meaningful benefits for our Native corporation partners, Calista...
Goldstrike Resources Ltd. March 3 reported that Newmont Mining Corp. has agreed to invest as much as C$53 million to earn up to a 75 percent stake in Goldstrike's Plateau gold property in the Yukon. The agreement includes a C$6 million private placement financing under which Newmont will purchase 12.71 million Goldstrike shares at C47.4 cents each. As a result, Newmont will have the right to earn an initial 51 interest in Plateau by paying C$8 million to Goldstrike; investing C$17.4 million on exploration at Plateau: and...
Sparked by the discovery of the White Gold district and fueled by investors' appetite for mining stocks, the Yukon experienced a modern era gold rush in 2007 that included nearly C$1 billion of exploration spending during over six years. This frenzied exploration turned up dozens of gold projects across the northern territory and now some of the world's biggest gold miners are cutting deals on the best of the discoveries made. Kinross Gold Corp. was the first of the major...
Goldstrike Resources Ltd. May 15 announced that crews and equipment are being mobilized to the Plateau gold property in central Yukon for the maiden exploration campaign under partnership with Newmont Mining Corp. This program will start off by outlining the full extent of numerous high-grade gold showings at Plateau in preparation for drilling later in the year. "This will prove to be a defining season for the Plateau property," said Goldstrike Chief Geologist James Moors. "Our recent partnership with Newmont allows us to...
As exploration across most of the North continues to trend downward, the Yukon Territory is celebrating the second straight year of increased spending. Early estimates put exploration in Yukon at about C$99 million for 2015, up roughly 20 percent over the C$80 million spent last year. With a wide swath of zinc-rich deposits in the Selwyn basin, a number of copper-rich porphyries in the Dawson Range, platinum group metal-nickel deposits in the southwest and gold deposits...
Goldstrike Resources Ltd. Nov. 21 reported that a second phase of 2016 bedrock trenching program at its Lucky Strike property Yukon's White Gold District has identified drill ready targets at the property's Monte Carlo zone. The gold zone, which was discovered with trenching earlier this year, is one of fivelarge gold-in-soil anomalies identified at Lucky Strike. In the latest round of results, trench LS-TR-16-10 encountered 44 meters averaging 0.34 grams per metric ton gold....
Goldstrike Resources Ltd. Oct. 3 reported that initial channel samples of a 30- by 30-meter outcrop in the Bonanza zone of its Plateau property in the Yukon Territory have returned 15.06 grams per metric ton gold over 1.13 meters, 14.4 g/t gold over 0.9 meters, 6.9 g/t gold over 1.3 meters and 2.22 g/t gold over 2.75 meters. These results are similar to initial channel samples taken at the Goldstack discovery outcrop in 2012. Located 4,000 meters northwest of Goldstack,...
Goldstrike Resources Ltd. Sept. 26 reported that trenching at its Lucky Strike property, located in the heart of Yukon's White Gold District, has returned values of 0.42 g/t gold over 154 meters, including 3.0 g/t gold over eight meters. These results are from the Monte Carlo discovery zone, which measures 1,400 by 350 meters and remains open. Monte Carlo is one of four large gold-in-soil anomalies discovered at Lucky Strike. Other significant results from trenching at Monte...
Goldstrike Resources Ltd. Sept. 13 said additional prospecting, mapping and sampling has doubled the known length of the Yellow Giant trend to 50 kilometers (31 miles). The company has staked additional claims to cover this extension of the gold trend on its Plateau property in the Yukon Territory. Based on strong initial gold assays and observations of new mineralized outcrop, Goldstrike staked claims covering an additional 12 kilometers (7.5 miles) on trend to the northwest...
Goldstrike Resources Ltd. Sept. 6 said the first hole drilled at the Goldstack zone at its Plateau property, PSGS-16-01, cut 45.5 meters averaging 6.05 grams per metric ton gold. The company said this hole contains the most abundant visible gold seen in drill core to date at Plateau, a Yukon Territory property known for the presence of VG. So far this year, the company has completed 11 holes at Goldstack. All holes have intersected mineralized stockwork and breccia, and the...
Goldstrike Resources Ltd. Aug. 16 reported abundant visible gold in the first 2016 drill hole at the Goldstack zone of its Plateau property in the Yukon Territory. The Goldstack discovery hole, drilled last year, cut 17.5 meters averaging 13.5 grams per metric ton gold. The first hole of this season, PSGS16-01, was drilled 15 meters north-northeast of the discovery hole, PSGS15-01, to further delineate the dimensions and orientation of the Goldstack zone. It intersected two...
Goldstrike Resources Ltd. Aug. 10 said drilling is underway at its Plateau South gold property in the Yukon Territory. The drilling started in the Goldstack zone, a seven-meter-wide gold-bearing outcrop where drilling in 2015 cut 17.5 meters averaging 13.5 grams per metric ton gold. The zone is part of the Yellow Giant Trend, a 29-kilometer- (18 miles) long gold system where the company continues to find intriguing zones with visible gold. Prospecting and mapping carried out...
Goldstrike Resources Ltd. July 5 reported that this year's initial prospecting and mapping at its Plateau property in the Yukon has already resulted in a significant new gold discovery 4,000 meters from and on trend with the Goldstack zone. The company said this new find, dubbed the Bonanza zone, contains the most pervasive visible gold seen in bedrock at Plateau to date. Exposed on surface over a 12- by 20-meter area, this zone contains an extensive quartz stockwork system...
Goldstrike Resources Ltd. April 7 reported the closing of the final tranche of a C$3.03 million non-brokered private placement. As a result, the company issued 5,470,014 flow-through units at C17 cents each on March 21; 16,167,517 non-flow-through units at C13 cents each on March 24; and 4,461,538 non-flow-through units on April 5. Each flow-through unit included one flow-through common share and one purchase warrant exercisable to purchase one non-flow-through share for C30...
Goldstrike Resources Ltd. Dec. 4 reported that it has entered into an agreement to purchase a 3 percent net smelter returns royalty on the Lucky Strike gold property, located in the Yukon's White Gold District, together with a 3 percent net smelter returns royalty on the nearby BRC property. Goldstrike owns a 70 percent interest in the Lucky Strike mineral claims and has entered into an agreement to purchase the remaining 30 percent from Petro One Energy Corp. On completion...
GSR: TSX-V Chairman, President and CEO: Terry King Chief Operating Officer: William Chornobay Chief Geologist: Trevor Bremner Goldstrike Resources Ltd. continues to find visible gold on surface and in the core from drilling at its Plateau Project in central Yukon Territory. Within the first two days of an early-season prospecting program at Plateau, four samples with visible gold were taken from new target areas up to 550 meters away from the 2013 Gold Dome discovery hole - 7.6 grams per metric ton gold over 9.03 meters in ho...
Goldstrike Resources Ltd. Sept. 9 reported that drilling at the Goldstack zone of its Plateau property in the Yukon has cut 17.25 meters (true width) averaging 13.25 grams per metric ton gold, including 5.7 meters of 35.28 g/t gold. This intercept came in hole PSGS15-01, drilled 30 meters southeast of a seven-meter-wide outcrop that contains abundant free native gold. Three shallow holes were drilled at Goldstack this year. Hole PSGS15-02, drilled vertically from the same setu...
Novagold Resources Inc. July 8 reported that the permitting process for its 50-percent-owned Donlin Gold project continues to move ahead with the U.S. Army Corps of Engineers planning to issue the draft Environmental Impact Statement for public comment towards the end of 2015. "Reminiscent of 'The Tortoise and the Hare'," Donlin Gold continues to advance at a steady pace, as originally envisioned. In less than two-year's time, subject to market conditions, the co-owners will...
Goldstrike Resources Ltd. June 22 reported that multiple grab samples with visible gold have been collected from mineralized sub-crop on Gold Dome at its Plateau property in the Yukon. Within the first two days of the current program, four samples with visible gold were taken from new target areas up to 550 meters away from the VG Zone discovery hole on Gold Dome, which cut 7.6 grams per metric ton gold over 9.03 meters. Drilling to expand the zone of high-grade gold...
Goldstrike Resources Ltd. Feb. 17 reported the closing of a C$1 million non-brokered private placement. The net proceeds from the financing will be used to fund 2015 exploration program at the company's Yukon mineral properties, including follow-up drilling at the Plateau gold project, and for general working capital. On closing, Goldstrike issued 14.92 million non-flow-through units and 5.08 flow-through units, all of which were priced at C5 cents. Each non-flow-through unit includes one common share and one warrant...
Unlike its neighbors in the North, the Yukon Territory is forecasting a marked increase in exploration in 2014. While well shy of the roughly C$300 million invested in exploration in 2011, the peak of the modern Yukon gold rush, the C$65 million forecast to be invested on exploration in the Yukon during 2014 is roughly a 45 percent leap over last year. This exploration spending is dominated by an aggressive drill program at the Selwyn zinc project, situated in an area of...
WHITEHORSE, Yukon Territory - Quieter streets, emptier skies, shorter business hours and closed shops here are sure signs of tough times in the mining industry. Hours away by helicopter, one can find bare-bones exploration camps and skeleton staffs sprinkled like the occasional grain of visible gold across remote mountain vistas, which also reflect the return to the frugal times of the past. In the wake of more than two years of scarce capital, mineral exploration activity is a shadow of the booming times the territory...
