The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 276 - 300 of 623
White Gold Corp. Jan. 19 reported that results from the final 13 holes drilled at its White Gold property in 2017 confirm the continuity of the Golden Saddle and Arc deposits, and indicate the gold potential beyond the current resource area. Since acquiring the White Gold property in June, the company completed 31 reverse circulation holes; four diamond drill holes; extensive geophysical and geochemical surveys; and detailed mapping across this iconic Yukon gold property....
As we transition from 2017 into 2018, the weight of evidence pointing to a long-awaited mining industry up-tick is being trumpeted from every financial institution, brokerage house and mining pundit across the globe. For example, RBC Capital Markets' newly released "2018 New Year Preview" has this to say: "We are in the mid-stages of a stock market recovery and the early stages of an economic cycle recovery. Gold is already in a phase where it out-performs other financial...
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...
With the price for an ounce of gold pushing back above US$1,300 to ring in the new year – along with zinc and copper selling at multi-year highs and trending higher – 2018 is shaping up to be a good year for Alaska's mining sector. Together, zinc and gold account for more than 80 percent of the value of metals mined in Alaska – silver and lead account for most of the balance. While there is currently no significant copper production in Alaska, the Far North state hosts signi...
Kinross Gold Corp. Aug. 2 reported that its Fort Knox Mine near Fairbanks, Alaska, produced 91,848 ounces of gold during the second quarter, a nearly 6 percent decrease from the 97,221 oz recovered there during the same period last year. The company attributes the 5,373-oz decrease to a colder spring that affected heap leach performance, which was partially offset by an increase in mill grades. "Fort Knox had a solid quarter as higher mill grades largely offset heap leach...
Roads to some of Yukon's richest mining districts are getting more than C$360 million in upgrades. Canada Prime Minister Justin Trudeau rolled out the plans to invest in modern transportation infrastructure during a visit to the territory on Sep. 2. "Modern infrastructure is key to developing and properly managing the incredible natural resources we have at our fingertips," Trudeau said. The prime minister pledged C$247.8 million to the Yukon Resource Gateway project, a...
Goldcorp Inc.’s half-a-billion-dollar purchase of Kaminak Gold Corp. and the Coffee Gold project in Yukon Territory in 2016 marked a major shift for North of 60 mining explorers. Junior mining explorers typically look to the investment community for the venture capital needed to discover rich deposits of minerals. In turn, major mining companies come along and buy the mineral-rich project or the company that discovered it, typically providing a handsome return for the j...
With the opening of Gahcho Kué, Northwest Territories is reaping the rewards of past exploration spending across the vast diamond-rich expanse of northern Canada. In fact, the new diamond mine is expected to contribute some C$5.7 billion to Northwest Territories economy by 2028, the end of its currently projected life, according to a report commissioned by De Beers Group of Companies. Northwest Territories Minister of Industry, Tourism and Investment Wally Schumann...
Anchored by strategic investments from Kinross Gold Corp., Osisko Royalties and McEwen Mining, Nighthawk Gold Corp. is focused on expanding the 2.1-million-ounce gold resource at Indin Lake and investigating other high-grade gold opportunities across the 899-square-kilometer (222,200 acres) property located about 160 kilometers (100 miles) north of Yellowknife, Northwest Territories. Indin Lake hosts a number of gold deposits, including zones that extend out from the...
Freegold Ventures Ltd. kicked off its 2017 exploration with a drill program focused on expanding the oxide gold resource at the Golden Summit property in Interior Alaska. Located about 25 miles north of Fairbanks and about four miles from Kinross Gold Corp.'s Fort Knox gold mine, Golden Summit hosts 61.5 million metric tons of indicated resource averaging 0.69 grams per metric ton (1.36 million ounces) gold; and 71.5 million metric tons of inferred resource of averaging 0.69 g/t (1.58 million oz) gold. The oxide portion of...
As some of the world's biggest gold miners nab exciting plays that turned up across Yukon Territory during the past decade, Yukon's mining explorers continue to seek the next generation of mine projects in the northwestern-most Canadian territory. Many of the up and coming mines in Yukon also are getting a boost from C$360 million in upgrades to roads into some of Yukon's richest mining districts. Known as the Yukon Resource Gateway project, the endeavor to modernize...
Following up on the discoveries made during a C$1 billion exploration explosion in the Yukon from 2007 until 2013, five of the world's largest gold producers are leading a second wave of the 21st Century Yukon Gold Rush. Kinross Gold Corp., which operates the Fort Knox Mine in neighboring Alaska, was the first of the majors to grab a foothold in the Yukon when it acquired the White Gold property in 2009. The real rush of majors to the westernmost Canada territory, however,...
With financial and technical backing from Agnico Eagle Mines Ltd. and Kinross Gold Corp., legendary prospector Shawn Ryan has set out to finish what he started in Yukon's White Gold District. To accomplish this objective, Ryan has put roughly 1 million acres (390,000 hectares) of the White Gold District into White Gold Corp., a newly formed exploration company that owns claims covering roughly 40 percent of this promising gold region. Of the dozens of White Gold prospects...
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...
Kinross Gold Corp. has a two-pronged exploration strategy – focus its own efforts on high-quality brownsfield assets, including the discovery of new resource surrounding its existing operations; and nab a foothold on promising greenfield opportunities through partnerships with high-quality junior exploration companies. The Fort Knox Mine in Interior Alaska is an example of the success the company has had in expanding resources near its mines. In its 21st year of operation, t...
Alaska's minerals exploration sector is on an upswing, thanks to Australian mining explorers looking north and mining majors upping their activities in the state. South32 Ltd., a Perth, Australia-based miner spun out of BHP Billiton Plc, is the largest mining company from Down Under to express an interest in Alaska's mineral potential this year. South32, which has eight operating mines in the Southern Hemisphere, secured an option to acquire a 50 percent interest in Trilogy...
White Gold Corp. Nov. 20 reported that drilling has extended gold mineralization at the Golden Saddle and Arc deposits on the White Gold property in the Yukon. The results reported herein further define a significant extension of the Arc deposit 250m along strike and also extend the Golden Saddle Footwall Zone along strike and towards surface. The company said reverse circulation drilling at Golden Saddle continues to validate historical drilling within the historical resource...
With roughly US$5 million of exploration being carried out on its projects in Alaska, British Columbia and Mexico this year, Millrock Resources Inc. is beginning to reap the benefits of the upswing in the mining sector. "During the industry downturn, Millrock moved boldly to grow its property portfolio," said Millrock President and CEO Greg Beischer. "Now that metal prices and investor sentiment have improved, we are ramping up exploration efforts significantly." This ramp up...
White Gold Corp. Oct. 30 reported that drilling has cut broad intercepts of strong gold mineralization at the Golden Saddle deposit at the White Gold property, Yukon. Highlights from the latest batch of results from Golden Saddle include: 34 meters of 4.57 grams per metric ton gold from a depth of 155 meters in hole WHTGS17DD-0170; and 54.9 meters of 1.42 g/t gold from a depth of 64 meters in WHTGS17RC-005. White Gold, a company formed late in 2016, hold claims covering...
White Gold Corp. Nov. 6 said its 2017 drill program continues to expand the Main and Footwall zones of the Golden Saddle deposit on its White Gold property in the Yukon. Highlights from the latest batch of results from Golden Saddle include: 109.7 meters of 1.33 g/t gold from a depth of 39.6 meters in hole WHTGS17RC-012, a Main zone intercept; 111.3 meters of 2.61 g/t gold from a depth of 47.2 meters in WHTGS17RC-011, Main zone intercept; 34 meters of 1.19 g/t gold from 215 meters in WHTGS17DD-171, a Footwall intercept; 7 met...
Kinross Gold Corp. Nov. 8 reported that its Fort Knox Mine near Fairbanks, Alaska, produced 101,077 ounces of gold during the third quarter, a roughly 8 percent decrease from the 110,396 oz recovered during the same period last year. The company attributes the decrease to lower tonnage stacked on the heap leach pad. The Fort Knox mill processed 3.23 million metric tons of ore averaging 0.78 grams per metric ton gold during the quarter, compared to 3.27 million metric tons...
White Gold Corp. Sep. 14 provided an update on its extensive exploration program in the Yukon, including drill results from JP Ross, one of five properties the company acquired from Kinross Gold Corp. Highlights from the 14 rotary air blast holes drilled in the Rebecca zone at JP Ross include 3.05 meters of 21.87 grams per metric ton gold; and 6.1 meters of 3.1 g/t gold. JP Ross is about 10 miles (16 kilometers) northeast of White Gold, a property that hosts 9.79 million metric tons of indicated resource averaging 2.7 g/t...
For the first time in five long years, the mood at the recently held Alaska Miners Association Convention in Anchorage was buoyant, the result of a slow but steady turnaround on mineral investments in the state. Additional new corporate interest in the state emerged during the past 30 days, and sources of exploration funds coming to Alaska continue to shift, with estimates for 2017 suggesting that 62 percent of this financing comes from Canadian concerns, 18 percent from...
The mill at Fort Knox Mine in Interior Alaska will likely be churning out gold for several more years, thanks to Kinross Gold Corp. gaining mineral rights to the Gilmore land parcel immediately west of the current open-pit. The long-lived gold mine was beginning to get to the end of its reserves, especially those of high enough grade to support keeping the mill in operation. This was not good news for the some 900 direct and contract workers who take home healthy paychecks...
The Alaska mining industry continued its increased pace of activities in August, even as the first hint of autumn starts to be felt across the state. Metals prices were relatively stable with increasing demand for zinc and gold, the two metals that generate the most revenue from Alaska's operating mines. Wood Mackenzie is forecasting a 3 percent increase in global refined zinc demand in 2017 to 14.7 million metric tons. With refined zinc production limited to a 2 percent...
