The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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KAM: TSX-V President and CEO: Eira Thomas Vice President, Exploration: Tim Smith Chief Geologist: Craig S. Finnigan Kaminak Gold Corp., a project generator with a dozen properties in Canada, followed up in 2013 on extensive exploration on its Coffee Gold Project located in the White Gold District of Yukon Territory. In December, Kaminak reported a maiden NI 43-101 inferred mineral resource estimate of 64 million metric tons grading at 1.56 grams per metric ton gold for 3.24 million ounces of gold at a base case cut-off of...
With nearly five exploration seasons under its belt, Kaminak Gold Corp.'s Coffee Gold Project appears to be on the road to delivering on its potential as an emerging district-scale mining opportunity. Located in the White Gold district of west-central Yukon Territory, Coffee was optioned by Kaminak in 2009 from Yukon prospector Shawn Ryan. The company has explored the property every year since, and reported discovery of at least 11 gold zones. Kaminak CEO Eira Thomas said the fine-grained gold mineralization found at Coffee,...
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 explorers in eastern Yukon Territory were taking time to understand their properties this season, the few companies working projects in the White Gold and Klondike districts to the west seemed to be pursuing their targets with the same urgency as companies exhibited in prior years. This year, however, the juniors chasing gold prospects in the area were trying to get as much done as possible while spending the least amount of money. Hampered by a prolonged capital drought in the industry, most of these companies eagerly...
There's nothing like getting an early start, especially when it comes to mining exploration in Canada's Far North. Literally, there's nothing like the 2013 program that Prosperity Goldfields Corp. kicked off in late February at its Kiyuk Lake Project to the east in southern Nunavut nor the 2013 field campaign launched about the same time by Kaminak Gold Corp. at the Coffee Gold Project in Yukon Territory. In a year when many mining companies are having to scrape together enough exploration funds to even mount a field program...
VANCOUVER, B.C. - British Columbia, Alaska and Yukon Territory - the headliners of the Association for Mining Exploration British Columbia's 2013 Mineral Exploration Roundup - tallied more than C$1 billion of mineral exploration spending in 2012. This marks the second year running that these neighboring jurisdictions at the northwestern extent of the North American Cordillera topped the C$1 billion mark. But unlike the 2012 Roundup, a year in which explosive exploration...
Kaminak Gold Corp. Dec. 13 reported a maiden NI 43-101-compliant inferred mineral resource estimate for its Coffee Gold Project in west-central Yukon Territory of 3.236 million ounces of gold contained in 64 million metric tons, grading 1.56 grams per metric ton gold. The long-awaited calculation follows several seasons of intensive exploration at the 60,704-hectare (150,000 acres) property ignited in 2010 by a modern gold rush to an area now known as the White Gold district of the Yukon. Kaminak was the second company to...
Kivalliq Energy Corp. recently completed a successful uranium exploration season at its Angilak Property located 225 kilometers (140 miles) southwest of Baker Lake, Nunavut and reported plans to resume work on the project in 2013. "We had one of the largest uranium exploration programs on the globe in our peer group," said Kivalliq CEO James Paterson in a September update. "And our 2012 program came in on time and under our budget of C$20 million." Describing 2011 as a "bumpy ride" in the uranium sector, Paterson said...
Ethos Gold Corp. recently wrapped up a second phase of 2012 exploration aimed at identifying a multimillion-ounce gold deposit on its Betty Property located in the White Gold district of Yukon Territory. The junior Sept. 19 reported completing 7,500 meters of reverse circulation drilling in 61 holes, and collecting 8,700 grid soil samples and 166 prospecting samples in 2012 that targeted the 17-square-kilometer (6.56 square miles) Mascot Creek gold-in-soil anomaly at Betty that Ethos outlined in 2011 and where the junior...
Mining continues to be a cornerstone of Yukon's economy, with extraordinary mineral deposits, including both precious and non-precious metals. The Government of Yukon is committed to providing an internationally competitive investment climate. To this end, we continue to provide regulatory certainty around environmental assessment, permitting and licensing of projects. Yukon's exploration and mining industries are settling in for the long term. After a record-breaking year for claim staking and exploration spending in 2011,...
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...
IGO: TSX-V President and CEO: Randy Turner, B.Sc., P.Geo CFO: Christopher Mitchell, P.Eng., MBA Vice President, Exploration: David Pawliuk, B.Sc., P.Geo Independence Gold Corp., formerly Silver Quest Resources Ltd., is focused on exploring for silver and gold on numerous property holdings, ranging from early‐stage grassroots to advanced‐stage resource delineation and expansion projects scattered across central British Columbia and Yukon Territory. In 2012, the company launched a C$2.2 million exploration program...
KAM: TSX-V President and CEO: Rob Carpenter, Ph.D., P. Geo. Chairman: John Robins, P.Geo. Vice President, Exploration: Tim Smith, M.Sc. Kaminak Gold Corp., a project generator with a dozen properties in Canada, planned a C$17 million 50,000-meter first-phase exploration drill program for 2012 on its Coffee Gold Project located in the White Gold District of Yukon Territory, but by mid-season had added at least C$2 million and more than 10,000 meters of additional drilling to the program. The company aimed to build...
Location, location, location," the old adage goes, summing up the opportunities and challenges faced by the real estate industry. Well, "infrastructure, infrastructure, infrastructure," can offer the same insights into the problems of modern mining in remote jurisdictions like Yukon Territory. The relative scarcity of roads, bridges, airports, power and other infrastructure in the Yukon is critical to the outlook for mining, and in many cases, the presence or lack of these important components can spell the difference between...
DAWSON, Yukon - The 3rd Annual Dawson Rocks conference, an annual exposition for active mineral exploration projects in Yukon Territory, offered a sobering reminder of the power of the markets in the world of mining. Absent were the scores of juniors that packed much larger exhibition halls in 2010 and 2011 with enticing displays of samples, maps and drill core. This year a dozen exhibitors, ranging from part-time, grassroots prospectors to representatives of advanced exploration projects like Kaminak Gold Corp.'s Coffee...
Two of the projects credited with touching off the recent gold rush to Yukon Territory reported results from their 2012 programs in July that suggest they could deliver on all that their early results promised. While new entrants have slowed to a trickle and other early players retire from the scene, at least until the anemic capital markets regain their vigor, Atac Resources Ltd. and Kaminak Gold Corp. and a handful of other juniors are quietly churning out impressive assay results in robust multimillion-dollar drill...
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...
Is the "Yukon Gold Rush" about to spill into Alaska? Since the 1896 discovery of gold on the aptly named Bonanza Creek sparked a stampede of fortune seekers to the rivers and streams of the Klondike, these world-class mining jurisdictions that share a common geological and mineralization history have been engaged in a cross-border rivalry of drawing prospectors and miners to their mineral-rich deposits. While 19th Century miners seeking their fortunes in Alaska's Fortymile...
Yukon Territory continues to be in the limelight with the previous years' gold exploration successes leading to definition of gold deposits in 2011. Gold is the leading commodity in terms of exploration, but silver, base metals and tungsten are the leading commodities in terms of mine development. A number of regions are continuing to attract high-profile attention with two of Yukon's operating mines expanding their reserves and new discoveries continuing throughout the territory. The year has been very exciting so far. A...
Throughout the 2011 field season, explorers pushed the envelope in Yukon Territory, scrambling to target and assess rapidly increasing numbers of deposits of gold, silver and base metals mineralization being identified as the exploration rush that overtook the region in 2009 stretched into its third consecutive year. With gold prices climbing to new highs and a stable investment climate, the lure of the Yukon attracted miners and investors in numbers not seen in a century. "Both Yukon and Nunavut are entering a period of sust...
Frontrunners in the Yukon mineral exploration rush in 2011 spent more than C$12 million each, with at least one company pouring C$25 million into its program. These companies include Atac Resources Ltd., Kaminak Gold Corp., Capstone Mining Corp., Alexco Resource Corp., Golden Predator Corp., Ryan Gold Corp. and Silver Range Resources Ltd. At least another 14 companies shelled out more than C$5 million each to search for precious and base metals, using virtually every modern exploration technique from sampling to drilling....
ECC: TSX/ETHOF: OTCQX/1ET: FRANKFURT President and CEO: Gary Freeman Chief Operating Officer: Peter Tallman, P.Geo. Chief Financial Officer: Peter Wong, C.A. Incorporated in British Columbia in 2007, Ethos Capital Corp. worked primarily on a couple of silver-zinc-lead projects in Mexico before coming to the Yukon. In November 2010, the company obtained an option to acquire a 100 percent interest in the Betty and Wolf properties located 120 kilometers (75 miles) south of Dawson City, Yukon. The two prospective gold properties...
KAM: TSX-V President and CEO: Rob Carpenter, Ph.D., P. Geo. Chairman: John Robins, P.Geo. Chief Geologist: Craig S. Finnigan, Ph.D. Kaminak Gold Corp., formed in 2005 in British Columbia, is a prospect generator focused on early-stage mining opportunities in northwestern Canada. Adhering to a philosophy of forming strategic partnerships such as joint ventures, Kaminak is working to advance about 16 discovery-stage projects elsewhere in North America, including several gold-silver projects in northwestern British Columbia and...
KIV: TSX-V Chairman: John Robins CEO: James R. (Jim) Paterson President: Jeff Ward Kivalliq Energy Corp. spent 2011 pursuing an aggressive C$17 million exploration program targeting up to 35,000 meters of drilling in two phases on its flagship Angilak Property in central Nunavut. The junior explorer also encountered significant challenges raising capital after a pall settled over uranium stocks when an earthquake and tsunami damaged a Japanese nuclear power plant March 11. Kivalliq was created in early 2008 when Kaminak Gold...
SQI: TSX-V President and CEO: Randy Turner, P.Geo CFO: Christopher Mitchell, P.Eng. Vice President, Exploration: David Pawliuk, P.Geo Silver Quest Resources Ltd. is focused on exploring for silver and gold on its numerous property holdings, ranging from early stage grassroots to advanced stage resource delineation and expansion projects scattered across central British Columbia and Yukon Territory. In late March, Silver Quest and Richfield Ventures Corp. executed a joint venture agreement in which the junior has a 25 percent...
