The mining newspaper for Alaska and Canada's North
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Kutcho Creek is another copper-zinc project in the mineral-dense region of northern British Columbia that is rapidly headed toward development. Among the numerous mines and mining development projects in the area are NovaGold's Galore Creek and bcMetals' Red Chris. The 100 percent-owned Kutcho Project is the sole major asset of Western Keltic Mines Inc. which has spent about C$25 million in the past three years at the property. Well into a C$4.8 million field and construction program this season, the Vancouver-based junior...
CS: TSX President and CEO: Darren Pylot Senior Vice President and COO: Gregg B. Bush, B.Sc. (Metallurgical Eng.) Vice President, Exploration: Brad Mercer, P. Geol. Capstone Mining Corp. is focused on operating, expanding and exploring its assets, including mines or mine projects in Yukon Territory, British Columbia, Mexico and Chile. The Minto copper-gold-silver mine in central Yukon Territory and the high-grade Kutcho copper-zinc-gold-silver deposit in northwestern British Columbia are Capstone's only northern Canada...
CS: TSX President and CEO: Darren Pylot Senior Vice President and COO: Gregg B. Bush, B.Sc. (Metallurgical Eng.) Vice President, Exploration: Brad Mercer, P. Geo. Capstone Mining Corp. is primarily focused on operating, expanding and exploring its assets, including mines or mine projects in Yukon Territory, British Columbia, Mexico and Chile. The Minto copper-gold-silver mine in central Yukon Territory and the high-grade Kutcho copper-zinc-gold-silver deposit in northwestern British Columbia are Capstone's only properties...
CS: TSX Vice-chairman and CEO: Darren Pylot President, COO and Director: Stephen Quin Vice President, Exploration: Brad Mercer, P. Geo. Capstone Mining Corp., founded in 1987 in British Columbia, is primarily focused on operating, expanding and exploring the company's two producing copper mines, including the Minto copper-gold-silver mine in central Yukon Territory. Capstone also aims to grow both organically and through mergers and acquisitions: organic growth through continued mineral resource and reserve expansions at its... Full story
CS: TSX Vice Chairman, CEO: Darren Pylot President, COO: Stephen Quin Vice President, Exploration - Canada: Brad Mercer Capstone Mining Corp., founded in 1987 in British Columbia, is primarily focused on operating, expanding and exploring the company's two producing copper mines, including the Minto copper-gold-silver mine in central Yukon Territory. Capstone also aims to grow both organically and through mergers and acquisitions: organic growth through continued mineral resource and reserve expansions at its operating mines...
Victoria Gold Corp. is making good on its promise to put the Eagle Gold Project in east-central Yukon Territory on a fast track once its merger with StrataGold Corp. was completed. The Toronto-based junior June 29 reported the commissioning of a pre-feasibility study and a comprehensive project proposal that satisfies Yukon regulatory requirements and associated permits necessary for development of Eagle Gold, a sizeable, advanced, lower-risk project through its merger with Vancouver, B.C.-based StrataGold Corp., which...
Producing mines Thompson Creek Metals Co. operates the Endako Mine, a molybdenum producer for more than 40 years. Located near Fraser Lake in northern British Columbia, Endako includes three open pits, a mill and a roasting facility, and is operated as a joint venture, with Thompson Creek holding a 75 percent interest and Japan-based Sojitz Corp. having the remaining 25 percent. The miner produced 25 million to 26 million pounds of moly in 2008. Due to a sharp drop in molybdenum prices last year, Thompson Creek decided... Full story
The Northwest Transmission Line along Highway 37 is once again on the front burner in British Columbia, and development of the 517-kilometer-long, or 321-mile-long, power line could provide easier access to Lower 48 markets for power generated in Alaska. British Columbia has resumed the environmental assessment process and First Nations consultation required for the project, following an announcement by the Canadian province's Premier Gordon Campbell Sept. 26 that the power project was back on track. The B.C. government... Full story
Sherwood Copper Corp. and Capstone Mining Corp. Sept. 8 said they signed a letter of agreement to combine their operations to create a copper mining company with two producing mines in mining-friendly jurisdictions in North America. The two companies agreed to combine on an "at-market" basis with Sherwood shareholders receiving 1.566 shares of Capstone for each share of Sherwood stock. The boards of directors of Sherwood and Capstone unanimously approved the transaction. Called a true merger by Sherwood President and CEO...
Sometimes less can be more and then other times, more is just plain more. That's the word from Sherwood Copper Corp. The company posted a major jump in mineral resource estimates June 17 for its Minto Mine in central Yukon, based on results of 101 new holes drilled across four deposits - Area 118, Ridgetop, Main Minto and Area 2 deposits - in 2007. Sherwood said the net result of all adjustments produced a 50 percent increase in contained copper and a 40 percent hike in precious metals in Minto's latest mineral resource...
Sherwood Copper Corp., less than a year after commissioning its copper-rich Minto Mine in central Yukon, appears to be firing on all cylinders with production, expansion and exploration initiatives. The Vancouver, B.C.-based miner May 14 reported discovery of new areas of copper-gold mineralization in the first holes drilled in its 2008 exploration program in previously unexplored terrain west of the Minto and Area 2 reserves. Sherwood expects to spend C$4.4 million on exploration at Minto this year, including about 20,000...
Sherwood Copper Corp., owner of the Yukon's Minto copper-gold mine, has offered to purchase Western Keltic Mines Inc. in a friendly stock-swap transaction valued at about $37.52 million. Acting with the blessing of Western Keltic's board of directors, Vancouver, B.C.-based Sherwood mailed its buyout bid to Western Keltic shareholders Dec. 24. Under the terms of the offer, Sherwood would acquire all of Western Keltic's nearly 80 million shares by issuing eight-hundredths (0.08) of a share of Sherwood stock for each share of...
Two of Canada's westernmost governments are moving forward with power transmission projects aimed at bringing lower cost energy and jobs to rural residents while spurring mine development in remote areas. British Columbia and Yukon Territory announced progress in October on separate public-private partnerships pursuing the power projects. B.C. government said Oct. 1 it would pursue the Northwest Transmission Line project, a C$400-million extension of B.C.'s electrical grid into the remote northwest region of the province... Full story
A Vancouver-based junior that has been conducting a drilling program on its sole property, Kutcho Creek in northern British Columbia, formally entered the environmental assessment process last summer with a view to developing a mine. Western Keltic Mines will soon start making presentations to local communities to ensure that First Nations are on board. The company is striving to catch up with the more advanced development projects in the area, NovaGold's Galore Creek and bcMetals' Red Chris. Near to all of those is Barrick... Full story