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 63
IDM Mining Ltd. Oct. 16 announced that it has two underground drills turning at the company's Red Mountain gold mine project near Stewart, British Columbia. According to June calculation, Red Mountain hosts 2.77 million metric tons of measured and indicated resource averaging 7.91 grams per metric ton (704,600 ounces) gold and 22.75 g/t (2.77 million oz) silver. In addition, the underground mine project hosts 316,000 metric tons of inferred resource averaging 6.04 g/t (61,400...
IDM Mining Ltd. Oct. 8 announced that it has been issued the provincial environmental assessment for its proposed Red Mountain gold-silver mine, a milestone that was heralded by First Nations, municipal and provincial leaders from the area of northwestern British Columbia where the underground mine is to be developed. "Responsible natural resource development is an important part of our government's plan to develop sustainable economies in rural B.C, with mining a cornerstone...
IDM Mining Ltd. Aug. 29 said a provincial decision on its application for the development of an underground gold mine at its Red Mountain gold-silver project near Stewart, British Columbia, is expected by mid-October. The British Columbia Environmental Assessment Office has completed its review of IDM Mining's proposal for the Red Mountain Mine and forwarded the application for an Environmental Assessment Certificate to the Minister of Environment and Climate Change Strategy;...
IDM Mining Ltd. July 24 reported high-grade gold and silver results from trenching at the Money Rock zone at the Lost Valley target, which is about 4,000 meters south of the resource at the company's Red Mountain gold project near Stewart in British Columbia's Golden Triangle. IDM first sampled the Money Rock prospect area in 2016. "This discovery, which appears to be part of a stacked set is an obvious new drill target at Red Mountain," IDM President and CEO Rob McLeod said a...
IDM Mining Ltd. June 19 reported a 20.7 percent increase to the gold contained in measured and indicated resources at its Red Mountain Mine project near Stewart in northern British Columbia. Incorporating the 29,312 meters of drilling completed by the company during 2017, Red Mountain now hosts 2.77 million metric tons of measured and indicated resource averaging 7.91 grams per metric ton (704,600 ounces) gold and 22.75 g/t (2.77 million oz) silver. In addition, the...
IDM Mining Ltd. June 4 said it has signed a letter of intent with Sunvest Minerals to provide technical and geological consultation work, as well as logistical and community guidance for Sunvest's Clone Gold property, which lies about six kilometers (3.7 miles) south of IDM's Red Mountain gold-silver property. "Our technical understanding of mineralization in this area of the Golden Triangle, particularly with IDM's recent interpretations of post-mineralization folding will...
IDM Mining Ltd. March 20 reported that the provincial and federal environmental assessment processes for its Red Mountain project near Stewart, British Columbia, are on pace to be completed this fall. In the meantime, IDM's engineering team and consultants continue optimization studies for developing an underground mine at the gold-silver project. "While the Red Mountain project continues to advance through the review periods under the BC Environmental Assessment Act and...
IDM Mining Ltd. Feb. 13 said a geologic compilation of drill results from the 2017 exploration program at Red Mountain indicates expanded gold exploration potential at this underground mine project about 15 kilometers (nine miles) east of Stewart, British Columbia. "Our new interpretation, which has identified significant near-mine resource potential, represents an important turning point for the company," said IDM Mining President and CEO Robert McLeod. "The recognition of...
With fresh funds in the bank and partners exploring the gold, copper and silver projects it has generated in Alaska, British Columbia and Mexico, Millrock Resources Inc. is positioned well for 2018. As a project generator, Millrock is leveraging its team's geological expertise by identifying and acquiring promising mineral projects, completing preliminary exploration aimed at bolstering the their potential and then vending them to partners to fund the more advanced stages of...
IDM Mining Ltd. June 26 said the results of a feasibility study for its Red Mountain confirms the positive economics for developing a high-grade underground gold mine at this gold project near Stewart in northwestern British Columbia. The proposed 1,000-metric-ton-per-day year-round operation is expected to average roughly 78,000 ounces of gold per year over the nearly six year mine-life considered in the feasibility study. Initial capital expenditure to fund construction and...
IDM Mining Ltd. Dec. 13 said it has engaged JDS Energy and Mining to lead the engineering and consulting firms completing a feasibility study for the Red Mountain gold-silver project near Stewart, British Columbia. "We are pleased to work with JDS on the Red Mountain feasibility study," said IDM Mining President and CEO Rob McLeod. "Their recent experience in authoring a number of successful feasibility studies for mines in Canada and internationally, the construction and commissioning of the Silvertip Mine in northwest BC...
IDM Mining Ltd. Dec. 21 said it has entered into a non-binding letter of intent to sell its extensive portfolio of Yukon properties to StrikePoint Gold Inc., a Vancouver, B.C.-based exploration company with gold properties in Ontario and Manitoba. The Yukon portfolio to be vended to StrikePoint includes 282,000 hectares (696,800 acres) of Yukon mining claims IDM acquired from Oban Mining Corp. late in 2015. This extensive portfolio consists of 51 properties previously held by Ryan Gold Corp. "StrikePoint is very enthusiastic...
With the completion of a feasibility study that demonstrates the viability of developing a high-grade underground gold mine at Red Mountain, IDM Mining Ltd. is focusing its exploration on expanding the reserves at this project near Stewart, British Columbia. The 2017 feasibility study outlines plans for a 1,000-metric-ton-per-day operation that is expected to average roughly 78,000 ounces of gold per year over an initial six-year mine-life. Life-of-project direct cash cost is...
With world-class mineral deposits, paved roads and commercial power, northern British Columbia is considered by many as a great place to achieve a mining explorer's ultimate goal – find a mine. "The geology has been great up there for 100 million years, but it has only been the last five that we have had run-of-river (hydro-electric) projects, dams – literally billions of dollars of new infrastructure," said Colorado Resources Ltd. President and CEO Adam Travis. The start of...
Millrock Resources Inc. is a project generating mineral exploration company with seven projects in Alaska, three in British Columbia, 15 in Mexico and one in New Mexico. In Alaska, Millrock struck a deal with Kinross Gold Corp. that provides the major the option to earn a 70 percent joint venture interest in Liberty Bell, a road-accessible project about 70 miles southwest of Fairbanks that is prospective for copper-gold porphyry and associated gold deposits. Previous work at...
IDM Mining Ltd. Jan. 23 posted an updated resource estimate for its Red Mountain project in northwestern British Columbia that includes the results from 2016 drilling that expanded mineralization at this gold-silver project a few miles northeast of Stewart. Red Mountain now hosts 2.07 million metric tons of measured and indicated resource averaging 8.75 grams per metric ton (583,700 ounces) gold and 25 g/t (1.66 million oz) silver. This marks a 32 percent increase in gold compared to a resource calculated last April. IDM Pres...
IDM Mining Ltd. March 7 announced it has closed a C$15.25 million private placement with Osisko Gold Royalties Ltd. This financing involved the issuance of 29.4 million common shares at C17 cents per share and 41 million flow-through shares at C25 cents per share. As a result of the financing, Osisko now owns about 19.9 percent of the IDM shares on a non-diluted basis. The roughly C$5 million raised from the sale of the regular shares will be primarily used for advancing the development of IDM's Red Mountain gold project in n...
IDM Mining Ltd. May 23 published assay results from the first six holes of the 2017 season at the Red Mountain gold-silver project near Stewart, British Columbia. Five of the holes drilled targeted the expansion of the AV zone at Red Mountain. Highlights from these step-out holes include 1.82 meters of 19.25 grams per metric ton gold and 35.65 g/t silver in hole U17-1228; 6.23 of 12.95 g/t gold and 48.83 g/t silver in U17-1229; and five meters of 8.78 g/t gold and 53.04 g/t...
Strikepoint Gold Inc. June 7 reported the start of its first exploration program at Mahtin, a Yukon gold project about 40 kilometers (25 miles) southwest of Victoria Gold's Eagle Gold mine project. Early in 2017, Strikepoint cut a deal to acquire 22 Yukon properties from IDM Mining that have been the target of roughly C$25 million of exploration by Ryan Gold Corp. Of these, Strikepoint has selected three - Mahtin, Pluto and Golden-Oly - as ready to be drilled. In preparation for the arrival of a drill to Mahtin, an...
IDM Mining Ltd. July 4 published results for another 17 underground holes drilled this year at Red Mountain and announced a second phase of drilling at its gold mine project near Stewart, British Columbia. The latest round of results is primarily from holes targeting the expansion of the current reserves. "Any additions to the reserves at Red Mountain, recently stated in our feasibility study, would be potentially highly accretive to our project economics," said IDM President and CEO Rob McLeod. Highlights from this drilling...
StrikePoint Gold Inc. Oct. 23 announced that drilling has encountered gold and copper at Pluto, one of 22 Yukon mineral exploration properties the company acquired from IDM Mining earlier this year. Located in the Kluane region of southwestern Yukon, Pluto is an early stage exploration project where prospecting has identified skarn mineralization. The 2017 program at Pluto included 12 rotary air blast drill holes testing two targets - eight at Charon target and four at Hydra. Hole 17-CRN-01, the first hole drilled at Charon,...
IDM Mining Ltd. Sep. 5 reported results from another 28 holes from the roughly 23,000-meter resource expansion and infill drill program at its Red Mountain gold project near Stewart, British Columbia. Highlights from the latest batch of results include 4.88 meters of 149.2 grams per metric ton gold and 59.88 g/t silver, and 6.89 meters of 26.61 g/t gold and 88.19 meter in the Marc zone. These intervals are estimated to be approximate true width of the Marc Zone. Step-out drilling down-dip from the current reserves in the AV...
Strikepoint Gold Inc. March 31 announced plans for at C$2 million of exploration on the Yukon properties it acquired from IDM Mining earlier this year. The total land package includes 22 properties in the Yukon that have been the target of roughly C$25 million of exploration by Ryan Gold Corp. Of these, Strikepoint has selected three - Pluto, Mahtin and Golden-Oly - as ready to be drilled. Strikepoint is planning a 'surgical' exploration program for 2017 that will focus on...
Dolly Varden Silver Corp. March 27 said it is collaborating with Hecla Mining Co. to carry out an airborne geophysical survey covering Dolly Varden's Big Bulk copper-gold project and Hecla's neighboring Kinskuch silver project in northwestern British Columbia. Hecla will serve as operator for the geophysical survey. "Cooperative effort between companies working in a region is a good way to keep exploration costs down while still achieving the exploration goals," said Dolly...
IDM Mining Ltd. Dec. 6 reported results from the final 13 underground core holes completed during the 2016 season at its Red Mountain gold-silver project 15 kilometers (nine miles) east of Stewart, British Columbia. Highlights from this batch of results include 27 meters averaging 6.2 grams per metric ton gold and 23.25 g/t silver in U16-1214, an infill hole in the AV zone; 6.49 meters of 21.36 g/t gold and 18.093 g/t silver in U16-1218, a step-out hole below the AV zone; 34.0...
