The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Despite a season challenged by heavy rains and an early snowstorm, the massive amount of exploration carried out in Northern British Columbia during 2021 piled loads of drill core and surface samples on assay labs already severely backlogged by COVID-19 protocols and restrictions that slowed the flow of samples in and data out of these facilities. Just how busy was the 2021 exploration season across the northern half of BC? According to North of 60 Mining News calculations,...
Ascot Resources Ltd. and Nisga'a Nation have signed a benefits agreement that renews and expands their relationship as Ascot closes in on the start of mine development at its Premier and Red Mountain gold-silver projects in the Nisga'a Nation traditional territory in Northern British Columbia. "I am very delighted to represent the Nisga'a Nation in our partnership with Ascot," said Nisga'a Lisims Government President Eva Clayton. "Since the beginning, our relationship has...
After helping to foster what is shaping up to be a mining renaissance in his hometown of Stewart, British Columbia, Rob McLeod has bought a major stake in Heatherdale Resources Ltd. and is bringing a new vision to that company's Niblack copper-gold-zinc-silver project on Prince of Wales Island in Southeast Alaska. According to a 2011 resource, the Lookout and Trio deposits at Niblack host 4.14 million metric tons of indicated resource averaging 1.13% copper, 2.32 grams per...
There are signs of renewed life for the Niblack copper-gold-zinc-silver project on Prince of Wales Island in Southeast Alaska. Heatherdale Resources Ltd., the company that owns Niblack, advanced the potential underground mine nearly to the permitting stage but became hampered by financial liabilities. A deal announced on June 3 cleans up Heatherdale's balance sheet and puts Rob McLeod at the helm of the restructured company. According to a resource calculated in 2011, Niblack...
Ascot Resources Ltd. March 16 provided a roundup of the progress it made toward advancing its Premier gold-silver mine project in northwestern British Columbia towards development during 2019 and says it is well funded to continue this work during 2020. Ascot kicked off 2019 with the Jan. 7 acquisition of IDM Mining Ltd., which expanded Ascot's already robust portfolio of high-grade gold-silver mine projects near the mining town of Stewart, B.C. "Ascot had another busy year...
Ascot Resources Ltd. Dec. 2 said the high-grade gold mineralization in the third round of results from this year's drilling at Silver Coin continues to show the potential for this property to be a significant contributor to the company's plans to resume operations at the Premier Mine near Stewart, British Columbia. Acquired by Ascot toward the end of 2018, Silver Coin is part of a more than 250-square-kilometer (97 square miles) of gold-silver properties the company has...
Ascot Resources Ltd. Oct. 31 announced another expansion of the resource at its Red Mountain gold project near the mining town of Stewart, British Columbia. Ascot gained ownership of the Red Mountain project earlier this year through the acquisition of IDM Mining Ltd., the company that advanced the underground gold-silver project to the mine development stage. A 2017 feasibility study for Red Mountain details plans for a 1,045-metric-ton-per-day mill that is expected to...
Ascot Resources Ltd. Sept. 5 reported that initial results from this year's drilling at Silver Coin provide further evidence that this recently acquired project will be a significant contributor to the company's plans to resume operations at the Premier Mine near Stewart, British Columbia. Acquired by Ascot last October, Silver Coin is part of a 100-square-kilometer (39 square miles) of gold-silver properties the company has accumulated around Stewart. This land package also...
Ascot Resources Ltd. July 17 reported another set of results from the roughly 20,000 meters of drilling carried out this year at the Big Missouri Ridge area of its Premier gold project near Stewart in northwestern British Columbia. Ascot's landholdings in the Stewart area include Premier, a 100-square-kilometer (39 square miles) land package that hosts the past producing Premier and Big Missouri mines; Silver Coin, an adjacent property that also provided ore to the mill at...
Ascot Resources Ltd. June 27 reported that it is making significant headway towards its goal of resuming operations at its past producing Premier gold mine and developing new mines on its other properties near Stewart, a historic mining town at the southern gate of British Columbia's Golden Triangle. Ascot's landholdings in the Stewart area include Premier, a 100-square-kilometer (39 square miles) land package that hosts the past producing Premier and Big Missouri mines;...
StrikePoint Gold Inc. June 13 announced the formation of a technical advisory committee to assist and provide technical guidance to the management team regarding all aspects of exploration and development of StrikePoint properties. StrikePoint's portfolio includes two gold and silver exploration properties in British Columbia's Golden Triangle – Porter and Willoughby – three in the Yukon – Pluto, Mahtin and Golden Oly – and several other earlier staged properties. Rob McLeod...
Ascot Resources Ltd. April 24 announced the start of a 15,000-meter drill program at its Premier gold-silver project near Stewart, British Columbia. Ascot's landholdings in the Stewart area includes Premier, a 100-square-kilometer (39 square miles) land package that hosts the past producing Premier and Big Missouri mines; Silver Coin, an adjacent property that also provided ore to the mill at Premier; and Red Mountain, another gold-silver asset acquired from IDM Mining....
Ascot Resources Ltd. and Nisga'a Nation April 10 announced the signing of a benefits agreement for Red Mountain, an underground gold project roughly 15 kilometers (nine miles) northeast of Stewart, British Columbia. "This agreement sets a comprehensive structure to collaborate through the development and mining at Red Mountain, along with certainty for the proponent," said Nisga'a Lisims President Eva Clayton. Completed through IDM Mining Ltd., now a subsidiary of Ascot...
Northern British Columbia is known for its remote and rugged towns and few places can match that description as well as Stewart, a community at the southern tip of the province's famed Golden Triangle with deep mining roots. Located just across the border from the Southeast Alaska panhandle and at the head of what is called the Portland Canal, this town was built on the backs of pioneers and has retained much of its frontier history. Originally the land around Stewart was the...
StrikePoint Gold Inc. March 20 announced it has entered into a definitive agreement to acquire Willoughby, a gold-silver project about 30 kilometers (19 miles) east of Stewart, from ArcWest Exploration Inc. An intrusion related gold-silver project with similarities to IDM Mining Ltd.'s Red Mountain Mine project about seven kilometers (four miles) to the west, Willoughby is the second Golden Triangle property StrikePoint added to its portfolio in as many years. The other,...
IDM Mining Ltd. Jan. 6 reported high-grade gold-silver was encountered during the 2018 trenching of the Randell Vein in the Lost Valley area of its Red Mountain property near Stewart, British Columbia. Situated about 4,000 meters south of the underground gold-silver resource at Red Mountain, the mineralization encountered at Lost Valley is similar in structure and geochemistry to the ore being mined at the Pogo underground gold mine in Alaska. Since 2014, 713 samples,...
IDM Mining Ltd. Jan. 22 reported the newly discovered Lacasse zone at Red Mountain delivered one of the highest grade gold-silver intercepts at Red Mountain, a near development mine project about 15 kilometers (nine miles) east of Stewart, British Columbia. The Lacasse discovery was among the results from the final 40 underground core holes IDM received from the 2018 drill program, which targeted multiple zones for resource expansion, conversion and exploration last year at...
StrikePoint Gold Inc. Jan. 16 announced that it has signed a letter of intent to acquire Willoughby, a gold-silver exploration project about 30 kilometers (19 miles) east of Stewart, from Sojourn Exploration Inc. Willoughby is an intrusion related gold-silver project with similarities to IDM Mining Ltd.'s Red Mountain Mine project about seven kilometers (four miles) to the west. Red Mountain, which recently received regulatory approvals to develop an underground mine, hosts...
IDM Mining Ltd. and Ascot Resources Ltd. are joining forces to create a premier mine development and exploration company with two high-grade gold-silver mine projects near Stewart, a mining town in northwestern British Columbia's Golden Triangle. "The combination of Ascot and IDM creates a very attractive opportunity in northwest British Columbia's Golden Triangle for our shareholders and stakeholders," said Ascot Resources President and CEO Derek White. "Based near the...
IDM Mining Ltd. Nov. 27 reported that high-grade gold and silver results from trenching and sampling have expanded two new zones – Lost Valley and Cambria – on the company's Red Mountain gold project in the Golden Triangle of northwestern British Columbia. Both zones are in areas of the property with better exposure due to recent glacial retreat. Lost Valley is a discovery area about 4,000 meters south of the resource area at Red Mountain, where IDM Mining is in the final stag...
Sojourn Exploration Inc. Nov. 2 provided preliminary results of reconnaissance mapping, sampling and geophysical surveys on four of its porphyry copper-gold projects in British Columbia, including the Todd Creek and Oweegee Dome projects in the province's prolific Golden Triangle. Sojourn acquired Todd Creek, Oweegee Dome and Willoughby, a third Golden Triangle exploration property, from Millrock Resources Inc. "Sojourn's Todd Creek and Oweegee Dome projects are within...
Whether it be precious metals such as gold and silver, base metals like copper and zinc, or battery metals like nickel and cobalt, northern British Columbia is rich in the type of metal deposits that junior mining companies are hoping to discover and majors are wanting to mine. Couple this mineral endowment with good infrastructure – especially stacked up against the other jurisdictions in the North of 60 Mining News coverage area – and northern B.C. continues to draw str...
With the January acquisition of IDM Mining Ltd., Ascot Resources Ltd. adds to its already robust portfolio of high-grade gold-silver mine projects at the southern gateway to British Columbia's Golden Triangle. "The combination of Ascot and IDM creates a very attractive opportunity in northwest British Columbia's Golden Triangle for our shareholders and stakeholders," said Ascot Resources President and CEO Derek White. "Based near the historic mining town of Stewart, this area...
In 1918, the Premier gold mine opened a few miles north of Stewart, a mining town that is the southern gateway to British Columbia's famed Golden Triangle. Over the ensuing 34 years, this underground operation churned out some 2 million ounces of gold and 45 million oz of silver, making it the largest gold producer in North America during that era. A century later, Premier continues to be in play and modern exploration is unveiling the vast mineral potential that northern...
IDM Mining Ltd. is focused on developing British Columbia's next underground gold mine at the company's Red Mountain project a few miles east of Stewart. A feasibility study completed in 2017 outlines plans for a 1,000-metric-ton-per-day mill to process high-grade ore from the Red Mountain underground mine that is expected to average roughly 78,000 ounces of gold per year over an initial six-year mine-life. This operation is based on 1.95 million metric tons of reserves,...
