The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 23 of 23
The more than 34,000 meters of drilling carried out last year at Golddigger significantly increased the size and grade of two already identified zones – Surebet and Bonanza Shear – and added the new Golden Gate Zone to the stacked vein systems on Goliath Resources Ltd.'s emerging world-class gold-silver project about 30 kilometers (19 miles) southeast of Stewart, British Columbia. "After only three drilling seasons and only 12 months in aggregate of boots on the ground, our...
The more than 34,000 meters of drilling Goliath Resources Ltd. carried out at Golddigger during 2023 cut three stacked horizons of high-grade gold mineralization that has shown the Surebet Zone on this Northern British Columbia property lives up to its name. Lying about 30 kilometers (19 miles) south of Stewart, BC, the 52,756-hectare (130,363 acres) Golddigger property covers a 56-kilometer (35 miles) stretch of the famed Red Line, a geological contact zone that runs...
BEAVER CREEK, COLO. – The thin air at the 8,100-foot elevation of the 2023 Precious Metals Summit at Beaver Creek offers a perfect allegory for the markets faced by the gold and silver mineral exploration companies that summited the Rocky Mountains to connect with investors. Mineral explorers in good financial shape hardly noticed the relatively low concentrations of capital atop Beaver Creek Mountain, those in decent shape may be winded but are hopeful they have enough f...
Mining magnate agrees to invest in Goliath Resources following Precious Metals Summit. Goliath Resources Ltd. Sept. 20 announced that the abundant visible gold within the known zones and new discovery zone at Golddigger has attracted the attention of mining magnate Rob McEwen, who is participating in a C$5 million (US$3.7 million)* financing that will significantly expand the 2023 drill program at this exciting gold project that has emerged in Northern British Columbia. "We...
TNR Gold Corp. Aug. 24 reported that it is carrying out an exploration program this year at the Shotgun gold project in Southwest Alaska. Located about 110 miles south of the 39-million-ounce Donlin Gold mine project and about the same distance northeast of the Pebble copper-gold-molybdenum project, this property lies at the intersection of two trends known to host big deposits. TNR optioned Shotgun from Novagold Resources Inc. in 2002 and gained full ownership of the...
JOHNSON TRACT, Alaska – A nearly half-a-million-ounce gold deposit sitting on a 7.5-mile trend of obvious yet underexplored mineralization just a few miles from the coast in Southcentral Alaska was hiding in plain sight for more than two decades before HighGold Mining Inc. began unlocking the rich potential of this high-grade gold project in 2019. Owned by Cook Inlet Regional Inc., more widely known as CIRI, Johnson Tract is one of the many mineral-rich properties identified a...
Enduro Metals Corp. is focused on expanding the gold, silver, and copper mineralization being exposed by the rapidly retreating glaciers on its 638-square-kilometer (246 square miles) Newmont Lake project in British Columbia's Golden Triangle. Formerly known as Crystal Lake Mining Corp., in mid-2020 this exploration company changed its name to Enduro Metals to reflect the persistence and optimism of the company's new leadership. Situated about 30 kilometers (19 miles)...
Attracting the attention of some of the biggest names in the resource investment world, HighGold Mining Inc. raised C$13.8 million in July to fund an expanded drill program at its Johnson Tract gold project in Southcentral Alaska. HighGold Mining was formed in 2019 to explore gold properties spun out of Constantine Metal Resources that included Johnson Tract. Situated on Cook Inlet Region Inc., or CIRI, land about six miles west of Cook Inlet and roughly 125 miles southwest...
Rising metal prices are helping to soften the blow COVID-19 has landed on Alaska's mining sector in 2020. While mining has been deemed an essential business in Alaska, which has helped keep the six large mines in the state operating during the pandemic, measures put in place to slow the spread of COVID-19 are weighing on production at some of these operations. Efforts to flatten the curve on the spread of coronavirus also disrupted several winter drill programs in Alaska,...
HighGold Mining Inc. July 8 announced that it has raised C$12 million to fund an expanded drill program at its Johnson Tract gold project in Southcentral Alaska. Situated on Cook Inlet Region Inc., or CIRI, land on the west side of Cook Inlet, Johnson Tract hosts high-grade gold mineralization that is further enriched by associated silver, copper, zinc, and lead. According to a calculation earlier this year, the JT deposit at Johnson tract hosts 2.14 million metric tons of...
If you have watched the metals markets over the last month, you know why Alaska's mineral industry has surged, stalled, swerved, swooped, slowed, shelved and stuttered, sometimes all at the same time! Gold has gone above US$1,500 per ounce; copper pundits are predicting an increasingly dour future; zinc markets are looking to dive below $1.00 per pound; tin markets have marched strongly upward due to supply disruptions; and silver bulls are calling for annual worldwide...
HighGold Mining Inc. Sept. 23 provided details of the 2,000-meter drill program at its flagship Johnson Tract gold project in Southcentral Alaska. In late August, HighGold initiated an eight- to 10-hole diamond drill program aimed at confirming, defining and expanding the main Johnson Tract deposit. The Johnson Tract has significant historical exploration, including 88 holes primarily targeting the main Johnson tract deposit. Under a joint venture with Cook Inlet Region Inc.,...
HighGold Mining Inc. has received approval to have its shares listed on the TSX Venture Exchange and some big names in gold mining and investing are lined up to be initial shareholders of the new exploration company. HighGold Mining shares, which will be listed under the symbol HIGH on the TSX.V, are expected to begin trading on Sept. 23. In connection with listing, the gold-focused exploration company closed a C$7.65 million financing on Sept. 19. This non-brokered private pl...
Nighthawk Gold Corp. June 13 reported a 24 percent increase in the gold resource for the Colomac gold project at the company's Indin Lake property in Northwest Territories. Incorporating the results from 913 historical holes and 175 holes completed by Nighthawk from 2012 through 2017, Colomac now hosts 50.3 million metric tons of inferred resource averaging 1.62 grams per metric ton (2.61 million ounces) of gold. Located about 160 kilometers (100 miles) north of Yellowknife,...
Golden Predator Mining Corp. and Yukon Mint, a Golden Predator subsidiary, May 30 unveiled the First Yukon Mint .9999 gold coin at an event in Toronto, Ontario. Yukon Mint gold coins will be part of a limited annual series of First Nation art selected through design contests on the obverse side and an iconic image of Klondike Gold Rush on the reverse. The First Yukon Mint coin features the work of Kaska Nation artist Miranda Lane, a self-taught artist and spiritual intuitive....
Nighthawk Gold Corp. March 21 announced that a 25,000-meter drill campaign is now underway at its Indin Lake gold property in the Northwest Territories. Located about 160 kilometers (100 miles) north of Yellowknife, the 899-square-kilometer (222,200 acres) Indin Lake property hosts a number of gold deposits, including zones that extend out from the historical Colomac open-pit mine, which produced 527,908 ounces of gold during the 1990s. In 2013, the last time a resource was...
Golden Predator Mining Corp. kicked off 2018 with results from 43 "grade control" holes drilled at its 3 Aces project in southeast Yukon, including the highest-grade gold intersection drilled on the property. Highlights include: 13.72 meters of 43.02 grams per metric ton gold from a depth of 1.52 meters in hole 3A17-220, including 0.76 meters of 550 g/t (17.7 ounces per metric ton) gold; 9.15 meters of 41.03 g/t gold from a depth of 0.76 meters in 3A17-230, including 0.76...
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...
Golden Predator Mining Corp. June 16 said it has returned 10,312,154 of the company's common shares to the treasury. Following this cancellation, a total of 53,501,201 shares remain issued and outstanding. The cancelled shares represent 16.2 percent of the issued shares of the company prior to the cancellation. As a result of the retirement of these shares, McEwen Mining Inc. became an insider of Golden Predator. In May, McEwen Mining invested C$500,000 to acquire 3.125...
Brixton Metals Corp. April 7 reported the closing of the first tranche of a non-brokered private placement financing consisting of 6,233,000 units for C10 cents each and 4 million flow-through shares at C10 cents each for aggregate gross proceeds of C$1,023,300. Each unit consists of one common share and one transferable purchase warrant exercisable into one common share of the company at a price of C15 cents per share for a period of 36 months from the closing date. Robert...
Following an impressive decade-long run of consistent gains, has the price of gold reached its apex? Or, are the precious metal bulls taking a breather before stampeding to new historic highs in the months and years to come? This question of where gold prices are heading tends to perplex the most accomplished of economists. During a July 18 congressional testimony, Federal Reserve Chairman Ben Bernanke's admitted "that nobody really understands gold prices and I don't pretend...
The winds of change are once again blowing across Alaska's mineral industry, not only because the industry is gearing up for another busy summer season, but also because the mining investment climate has turned from cautiously optimistic to decidedly undecided. The sea change occurred steadily and without a lot of fanfare between mid-January and mid-March. As is always the case, good projects continue to advance with those that are drilling and adding resources or moving throu...
Whether it is multimillion-ounce gold discoveries, copper deposits that measure in the billions of pounds or massive ore-bodies of 20 percent zinc, Alaska is renowned for its mammoth deposits. The prospect of finding another Donlin, Pebble or Red Dog continues to draw explorers to this vast and underexplored corner of the United States. In the Survey of Mining Companies: 2010/2011, conducted by the Fraser Institute, top executives from 494 mining and mineral exploration...
