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 130
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...
Stakeholder Gold Corp. April 23 reported that renowned Yukon Territory prospector and innovator Shawn Ryan has agreed to join its exploration advisory committee. Ryan will provide guidance for exploration of Stakeholder's Ballarat gold property and other strategic initiatives in the White Gold District, Yukon. "Shawn Ryan is an experienced and proven discoverer of gold deposits in the Yukon, and the company he founded, GroundTruth Exploration Inc., has developed some of the most advanced and cost-effective methods of...
Kaminak Gold Corp. Nov. 16 reported the appointment of Richard Williams to its board of directors. Williams, who has more than 30 years of global mining experience, currently serves as Novagold Resources Inc.'s vice-president, engineering and development, where he is responsible for all aspects related to the engineering and technical advancement of the Donlin Gold project in Alaska and Galore Creek project in British Columbia. Prior to joining Novagold, Williams held...
IGO: TSX-V President and CEO: Randy Turner VP, Exploration: David Pawliuk Independence Gold Corp. focused its 2015 exploration on drilling the Sunset and Denali zones of its Boulevard gold project, which wraps the west and south sides of Kaminak Gold Corp.'s Coffee project in the Yukon Territory. The Sunset zone is a 2,200-meter-long gold-in-soil anomaly located seven kilometers (4.4 miles) southwest of Kaminak's Coffee deposit. Trench results of up to 7.04 g/t gold across six meters and drill intercepts of up to 2.42 g/t gol...
KAM: TSX-V President and CEO: Eira Thomas Executive Chairman: John Robins VP, Exploration: Tim Smith Since drilling the discovery hole at the Coffee gold project in 2010, Kaminak Gold Corp. has established indicated resource of 14 million metric tons averaging 1.56 grams per metric ton (719,000 ounces) gold, and an inferred resource of 79 million metric tons averaging 1.36 g/t (3.43 million ounces) gold. Kaminak budgeted C$30 million to continue the advancement of the Coffee project in 2015. The bulk of this budget, roughly...
Kaminak Gold Corp. Sept. 28 reported that it intends to raise C$22.5 million in a non-brokered private placement to Electrum Strategic Opportunities Fund L.P., Ross Beaty and Zebra Holdings and Investments S.à.r.l., Luxembourg. Beaty and Zebra Holdings each currently own a 7.33 percent interest in Kaminak. Kaminak's financing involves the issuance of 27,439,024 units, made up of one company share and half a purchase warrant, at a price of C82 cents per unit. Each whole...
Kaminak Gold Corp. Sept. 23 reported that its recently completed 70,000-meter infill drill program nearly quadrupled the indicated resource tonnage at its Coffee gold project in Yukon Territory. Coffee now hosts 52.4 million metric tons of indicated resource averaging 1.68 grams per metric ton (2.82 million ounces) gold. In addition to the nearly four-fold increase in tonnage, the grade of the indicated resource has increased by eight percent. Coffee also hosts 42.7 million...
Independence Gold Corp. Sept. 1 reported the start of a C$600,000 exploration program at the Sunrise zone of its owned Boulevard gold project, located adjacent to Kaminak Gold Corp.'s Coffee gold project. Independence is currently carrying out detailed ground magnetic surveying and geological mapping, to better define drill targets. The company intends to drill about 1,400 meters to further delineate the newly discovered Sunrise Zone, where RC drill hole BV15-31 recently cut...
Independence Gold Corp. Aug. 24 reported encouraging results from drilling of two gold discoveries at its Boulevard Project, located adjacent to Kaminak Gold Corp.'s Coffee gold project in Yukon Territory. The 1,746-meter (13 holes) reverse circulation drill program tested two previous undrilled soil anomalies. The best intercepts are 7.23 grams per metric ton gold across 12.2 meters at the Sunrise zone, and 4.25 g/t gold across 6.1 meters at the Denali zone, located 13...
Kaminak Gold Corp. Aug. 13 reported results from roughly 31,000 meters of infill drilling completed at its Coffee gold project in 2015. This confirmation drilling was undertaken on the series of parallel, north-south striking gold bearing structures that make up the Supremo deposit. According to a preliminary economic assessment completed for Coffee in 2014, the Supremo deposit contributes about 1.27 million ounces of recoverable gold at an average diluted grade of 1.13 grams...
Kaminak Gold Corp. June 4 provided results from follow-up drilling at Kona North and Dolce, new gold discoveries at the Coffee gold project in the Yukon Territory. CFR0976, a recent step-out hole at Kona North, cut 50.3 meters averaging 2.43 grams per metric ton gold, the best intercept to date from this zone. Kona North, which lies less than 1,000 meters north of the main Kona deposit, is associated with a 1,800-meter-long gold-in-soil anomaly of which only 300 meters has bee...
Independence Gold Corp. May 20 reported plans to complete a C$1.8 million drill program at its Boulevard and Henderson gold projects located in the White Gold district of Yukon Territory. The programs, consisting of roughly 2,350 meters of reverse circulation and 800 meters of core drilling, are expected to begin in mid-June. The company plans to test the Denali and the Sunset zones at Boulevard with reverse circulation drilling. The Denali zone is located about 14 kilometers...
Northern Empire Resources Corp. has laid claim to Richardson, a 52,000-acre gold property in Alaska's Interior and has formed an alliance to begin exploring a segment of this vast parcel. Northern Empire is a prospect generator with early-stage gold properties in Alaska and Nunavut and a silver property in Mexico. The company was formed as part of a restructuring of Prosperity Goldfields Corp., a Nunavut-focused exploration company headed by Adrian Fleming. As part of a re-org...
Kaminak Gold Corp. March 13 reported a 2015 budget of C$30 million for its Coffee Gold project in Yukon Territory. Roughly C$21 million will be spent on finalizing a feasibility study due to be completed early in 2016; about C$3.6 million will fund permitting-related activities; and the balance of some C$5.4 million is allocated to exploration, marketing and general expenses. Kaminak invested C$15.5 million on a work program related to the feasibility study during the second...
British Columbia Premier Christy Clark Jan. 26 unveiled C$9 million in new funding to support mining in the province. Clark said the funds will establish a Major Mines Permitting Office to improve coordination of major mine permits across government, add staff to conduct more inspections and permit reviews, and maintain improved turnaround times for notice of work permits. The base budget of the ministry will be increased by about C$6 million, including a portion to make...
Copper North Mining Corp. Jan. 21 said recent testing demonstrates that an agitated tank leach is the optimal recovery process for copper, gold and silver from oxide mineral resources at the Carmacks Copper Project in central Yukon Territory. A new process plan consists of three-stage crushing and rod mill grinding prior to placing ore in an agitated tank for leaching of copper oxides with weak sulfuric acid. Testing indicates 84 percent copper recovery with leach times of 16...
Kaminak Gold Corp. Jan. 13 reported that results from recent infill drilling at the Latte deposit generally confirm the location, geometry, continuity and grade of the mineralization interpreted within the existing resource model. Latte contributes roughly 21 percent of the recoverable gold at Kaminak's Coffee project in the White Gold district of central Yukon Territory. Kaminak drilled 5,200 meters (43 holes) at Latte in 2014 with the objective of verifying and upgrading...
In 2014, many junior exploration companies work to preserve capital by undertaking modest exploration programs. The injection of funding into the Yukon Mineral Exploration Program continues to be a valuable source of seed money for prospectors and juniors. The Government of Yukon increased its 2014 program funding to C$1.4 million from C$1.17 million in 2013. Forty-eight placer and hardrock exploration projects received funding in 2014. The program also has increased its limits from C$35,000 to C$50,000 matching dollars per...
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...
Over the past five years, Kaminak Gold Corp. has rocketed the Coffee project from Yukon Territory's other White Gold property to an expansive set of gold deposits on pace to be the first of the Shawn Ryan discoveries to be developed into a mine. A preliminary economic assessment published in June envisions an open-pit mine and heap-leach facility producing an average of 167,000 ounces of gold annually over the life of mine at an all-in sustaining cash cost of US$688 per...
Yukon Territory, lauded in recent years for its mine-friendly business climate, boast three operating mines coming online in the past seven years as well as strong prospects for more than doubling that number by 2020. Yet all three mines have hit rough patches in their operations in 2014 for distinctly different reasons. "It's been a little bit challenging for each of the producing mines this year," observed Robert Holmes, director of the Mineral Resources Branch of Energy, Mines and Resources in the Government of Yukon in...
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...
ATC: TSX-V President: Robert Carne Chief Executive Officer: Graham Downs Chief Operating Officer: Ian Talbot Atac Resources Ltd., a member of the Strategic Exploration Group, followed up in 2013 several past seasons of exploration success on the Rackla Gold project located in the Mayo Mining District of east-central Yukon Territory. The project encompasses more than 8,000 mineral claims and covers 1,700 square kilometers (about 656 square miles) in an east-west extending land package more than 185 kilometers (114 miles) long...
In 2013, the mineral industry globally has been buffeted by financial challenges. Development infrastructure has seen major cost increases. Multinational corporations have had major write-downs of assets associated with falling mineral prices. Junior exploration companies have not been able to raise venture capital for funding projects as investors appear to be shying away from what is seen as a risk investment. Yukon was not exempt from these challenges. Most exploration programs were downscaled with emphasis on lower-cost...
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...
