The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Asubstantial amount of exploration activity continued apace in Yukon Territory this season despite the truncated budgets that forced most mining companies to juggle their projects and priorities. Some exploration companies found creative ways to raise capital, turning out their pockets to return to Yukon in 2013 to explore for Carlin-style gold mineralization in the east-central region of the territory, for more gold-bearing structures in the White Gold and Klondike districts to the west and for other styles and types of...
GSR: TSX-V Chairman, CEO and President: Terrence E. (Terry) King Director: Lawrence (Larry) Dick Chief Geologist: Trevor Bremner After aggressively exploring some 31 properties in Yukon Territory with a C$17 million field program in 2012, Goldstrike Resources Ltd. narrowed its focus in 2013 on five most prospective targets, in particular its newly discovered VG and Goldbank zones along the 25-kilometer (16 miles) largely unexplored Yellow Giant Trend on its flagship Plateau South property along with the Lucky Strike and Summi...
A substantial amount of mining activity continued apace in Yukon Territory this season even though most mining companies are shying away from the anorexic capital markets. Many exploration companies raised funds in other ways, turning out their pockets to return to Yukon in 2013 to explore for Carlin-style gold mineralization in the east-central region of the territory, for more gold-bearing structures in the White Gold and Klondike districts to the west and for other styles and types of mineralization elsewhere in the territ...
While the frenzy of activity that engulfed the Yukon Territory in 2011 did not re-emerge this season, scores of players, from upstart juniors to global mining firms mounted impressive mineral exploration campaigns throughout the territory. Gold was the primary metal sought in the Yukon in 2012, but some explorers chased silver, copper, zinc-lead, iron and other minerals. Based on the spending plans of mining companies in March, Natural Resources Canada projected C$285 million planned spending across the Yukon, a decrease of...
GSR: TSX-V Chairman, CEO and President: Terrence E. "Terry" King Director: Lawrence (Larry) Dick, Ph.D., P.Geo Chief Operating Officer: William S. Chornobay Goldstrike Resources Ltd. aggressively explored some 31 properties in Yukon Territory during the first half of 2012, spending C$16.96 million on exploration. Goldstrike had two teams manage concurrent exploration programs this season. Following up on nine new gold discoveries made in 2011, including Plateau, Summit, Big One, Livingston, and Lucky Strike, one team targeted...
It is still early days in the exploration play for gold in eastern Yukon Territory, but a score of companies got a jump on competitors in 2011 by targeting promising occurrences of gold and pathfinder elements in a frenzy of unprecedented claim staking and reconnaissance. The early explorers rushed to the region following a report by Atac Resources Ltd. in September 2010 that it discovered unusual mineralization in the rocky eastern ridges of its 1,600-square-kilometer (618 square miles) Rackla Project. Atac posted high-grade...
A second wave of mining exploration swept across Yukon Territory in 2011, bringing with it new mineral discoveries, record employment and myriad other changes, large and small. Roughly 100 companies, including a score of newcomers, mounted an array of mineral exploration programs with most of them stalking gold and silver deposits. Some came away with early success and excitement about their results, while others sifted the tea leaves, looking for clearer signs of the elusive mineralization they seek. "The impact of this...
Two Canadian mining companies traded accusations in November as they hurtled toward the latest deadline in Barrick's hostile takeover bid for NovaGold. The world's largest gold producer upped its offer from $14.50 per share to $16 per share and announced it would take up all shares tendered by Nov. 21, regardless of whether it obtained the minimum 50.1 percent of NovaGold that it originally hoped for. NovaGold would have liked to see a "white knight" ride in and rescue it from Barrick's advances with a shinier offer. That...
