The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 75 of 116
GT Gold Corp. June 4 said crews are on their way to Tatogga to begin a planned 18,000-meter drill program at this exciting new gold project in British Columbia's Golden Triangle. A 16,000-meter discovery drill program carried out last year included 86 holes that were primarily focused on the Saddle South discovery. Highlights from the high-grade gold cut during this drilling include 7 meters of 51.53 g/t gold and 117.38 g/t silver; 12.2 meters of 14.75 g/t gold; 3.4 meters of...
GT Gold Corp. June 27 reported that two drills are turning at the high-grade Saddle gold-silver discovery on the Tatogga property British Columbia's Golden Triangle The company plans to complete at least 18,000 meters of diamond drilling in 56 holes this year, with the potential to expand the program and continue drilling into November. The 2018 drilling is beginning at Saddle South, were a 16,000-meter discovery drill program carried out last year outlined a high-grade,...
Colorado Resources Ltd. owns or has options on five properties that blanket more than 1,000 square kilometers of northwestern British Columbia. The junior’s 2016 exploration focused primarily on KSP, a property the company is optioning from Seabridge Gold Inc. (Seabridge acquired the property as part of its June purchase of SnipGold Corp.) In June, Colorado kicked off drilling at the Inel zone at KSP, where the company’s surface geological work, along with a review of historical drill logs, indicate at least three more tha...
When judging the health of global mineral exploration, British Columbia seems to be the perfect model. In 2015, roughly C$272 million was invested in discovering and delineating mineral deposits in B.C., down some C$66 million from 2014. This 19.5 percent drop is in lockstep with the decline in global mineral exploration budgets for the same period, according SNL Metals & Mining's World Exploration Trends report. Likewise, B.C. exploration decreased about 60 percent from the...
Instead of putting up taller fences along the roughly 800-mile (1,300 kilometers) border between Alaska and British Columbia, the neighbors are building a larger negotiating table to work out concerns over the potential development of mines in Northwest B.C. watersheds that drain through Southeast Alaska. The framework for this increased cooperation was laid out in a memorandum of understanding signed by the neighbors Nov. 25. “British Columbia and Alaska share a lot of c...
The Red Chris copper-gold mine in northwestern British Columbia has received final approvals necessary for commercial operation, marking the sixth new mine to open in the western province since 2011. “This is a significant achievement made possible through a tremendous amount of collaboration between Imperial Metals Corp., the Tahltan Central Council and this government,” B.C. Minister of Energy and Mines Bill Bennett said June 19 while announcing full production at Red Chr...
Alaska’s congressional delegation is once again eliciting greater Obama Administration involvement in the potential development of numerous mines being considered on northwestern British Columbia waterways that drain through Southeast Alaska. “Like most Alaskans, we strongly support responsible mining, including mines in Southeast Alaska, but Alaskans need to have every confidence that mining activity in Canada is carried out just as safely as in our state,” the trio of Alask...
Strong metals prices and a pro-jobs businessman who vows to inject “new American metal into the spine of this country” preparing to set up his office in the White House bodes well for Alaska’s mining sector going into 2017. While a renaissance of Alaska’s mining sector may not be at the top of President-elect Donald Trump’s to-do list, pouring coal on the fire of America’s economic engine – both literally and figuratively – is. The figurative coal important to Alaskan miners...
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...
Imperial Metals Corp. Jan. 18 reported that its share of 2016 production from three British Columbia mines totaled 119.17 million pounds copper, 94,930 ounces gold and 330,960 oz. silver, up from the 88.13 million lb copper, 44,710 oz gold and 224,530 oz of silver produced in 2015. The 2016 totals include the first full year of operations at the Red Chris mine in northern B.C.; copper and gold produced at the re-opened Mount Polley Mine in the central part of the province; and Imperial's 50 percent share from eight months...
Imperial Metals Corp., owner of the Red Chris and Mount Polley copper-gold mines in British Columbia, Dec. 30 closed a C$65 million private placement financing. The financing involved the issuance of 11,818,182 shares at C$5.50 each. N. Murray Edwards and The Fairholme Partnership, already a significant shareholder of Imperial Metals, purchased C$30 million and C$13.1 million of the financing, respectively. Imperial Metals intends to use the proceeds of the Financing to...
Storing the rock leftover after the desired minerals are recovered is one of the most fundamental parts of mining. Typically stored behind massive earthen embankments, these tailings also pose a threat to human life and the environment, if not properly managed. Committed to sustainable mining, the International Council on Mining and Metals has adopted new tailings dam management measures that its 23 member companies must abide by and hopes non-member mining companies adopt...
Imperial Metals Corp. July 15 said its three mines in British Columbia produced 39.76 million pounds of copper and 27,689 ounces of gold during the second quarter of 2016. The Red Chris Mine in northern British Columbia was the biggest contributor, producing 26.74 million lb. copper and 18,213 oz. gold, increases of 14 percent and 23 percent, respectively, during the first three months of the year. Mill throughput at Red Chris averaged 28,971 metric tons per day. Roughly 77 pe...
Imperial Metals Corp. June 23 reported that the British Columbia Ministry of Energy and Mines and the Ministry of Environment have authorized the Mount Polley Mine to return to normal operations making use of its repaired and buttressed tailings storage facility. Imperial said the management and staff at Mount Polley worked in close cooperation with regulatory agencies, First Nations and members of the local communities, to repair and reinforce the tailings facility in...
Imperial Metals Corp. Feb. 5 said the Huckleberry Mine in western British Columbia will be placed on care and maintenance until there is an improvement in the price of copper. Huckleberry Mines Ltd., the company that owns and operates the copper mine, has notified employees that operations will be suspended once the stockpiles have been milled, which is expected to happen around the end of August. Imperial said the ongoing low copper price has forced Huckleberry to make this...
Kaizen Discovery Jan. 8 reported that Freeport-McMoRan of Canada Ltd. has terminated an earn-in option on the Tanzilla copper-gold porphyry project in the Golden Triangle area of northwestern British Columbia. The 4,625-hectare Tanzilla property covers a seven-kilometer- (4.4 miles) long alteration zone. Silica Ridge is the primary target along this alteration zone. Induced polarization surveys confirmed the presence of a strong chargeability high to depths of at least 500...
Imperial Metals Corp. Jan. 6 reported the suspension of pit operations at the Huckleberry copper-gold-silver mine in central British Columbia. Imperial holds 50 percent interest in Huckleberry Mines Ltd., owner and operator of the mine. The balance is held by a Japanese group consisting of Mitsubishi Materials Corp., Dowa Mining Co. Ltd. and Furukawa Co. Huckleberry Mines Ltd. said the suspension of mining will affect 100 of its 260 employees, the balance of the work force...
Mineral and coal exploration spending in British Columbia has dropped nearly 30 percent a year since reaching a pinnacle of C$680 million in 2012, mirroring the downward trend seen during the same period in global exploration expenditures. Mineral-rich B. C., however, is preparing to take advantage of the next upswing in metals markets. In June, British Columbia Energy and Mines Minister Bill Bennett said the province will provide Geoscience BC with C$5 million in additional...
Imperial Metals Corp. Oct. 14 reported that the Red Chris mine in Northwest British Columbia produced 20.7 million pounds of copper and 9,281 ounces of gold during the third quarter, increases of 64 percent and 100 percent respectively from the second quarter. Mill throughput during the second quarter averaged 26,000 metric tons per day, a 27.8 percent increase over the second quarter. Red Chris mining activities continued in the Main and East zones, with roughly 78 percent of...
British Columbia Ministry of Energy and Mines and Ministry of Environment July 9 reported the issuance of conditional permits that will allow for the restricted resumption of operations at Imperial Metals Corp.'s Mount Polly Mine in central B.C. "This conditional restricted permit to re-start operations is the first of three significant steps the company needs to continue operation and does not include the ability to discharge water off the site," explained B.C. Minister of...
Imperial Metals Corp. June 26 provided an update on terms of previously announced financings totaling roughly C$80 million as well as the Red Chris commissioning progress. The company previously reported its intention to raise about C$80 million in gross proceeds from a combination of rights to purchase common shares of the company and the issuance of convertible debentures. Oil sands financier and major Imperial shareholder N. Murray Edwards, Fairholme Capital Management LLC and Fairholme Partnership intend to purchase...
Imperial Metals Corp. June 16 reported the receipt of an amended British Columbia Environmental Management Act Permit for its Red Chris copper-gold mine in northwestern British Columbia. The amended permit, which the B.C. Ministry of Environment issued to Red Chris Development Co. Ltd. on June 12, replaces the previously issued short-term authorization. This permit allows the mine to discharge tailings into the tailings storage facility and discharge water from the facility subject to water quality guidelines. Imperial said...
Alaska Lt. Gov. Byron Mallott spent this week getting a firsthand look at trans-boundary water issues from the British Columbia side of the border, where a number of mines are being proposed on water systems that feed rivers that run through Southeast Alaska. "These rivers are key to Southeast Alaska's way of life, including Native cultures, community economies, recreation and subsistence, and, of course, its profitable seafood and tourism industries that employ thousands of...
Imperial Metals Corp. March 31 reported a net loss of C$37.3 million (C50 cents per share) for the year ended Dec. 31, 2014, compared with net income of $41 million (C55 cents per share) in 2013. This C$68.3 million swing is due to lower metal production and $67.4 million in remediation costs related to failure of the tailings dam Aug. 4 at the Mount Polley Mine in central British Columbia. Since the incident, the company's efforts at Mount Polley have been focused largely on rehabilitation and restoration of the breach and s...
Pretium Resources Inc. March 27 said it has received an Environmental Assessment Certificate for its Brucejack gold project located some 65 kilometers (40 miles) north of Stewart in northwestern British Columbia. The operation at Brucejack will not require the building of a tailings dam, which has become a point of contention since a dam failure in August 2014 at Imperial Metals Corp.'s Mount Polley copper-gold mine in central British Columbia. Instead, about half the...
