The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 67 of 67
Newcrest Mining Ltd. and Imperial Metals Corp. March 10 announced the discovery of new zones of higher-grade copper-gold mineralization at Red Chris Mine that greatly expands the near-mine exploration potential of this property about 20 kilometers (12.5 miles) southeast of the Tatogga copper-gold project Newmont Corp. is acquiring through its C$393 million buy-out of GT Gold Corp. Since Newcrest acquired a 70% interest in Red Chris in the fall of 2019, the Australia-based...
Since acquiring a 70% interest in Imperial Metals Corp.'s Red Chris Mine in 2019, Newcrest Mining Ltd. has envisioned establishing an underground block cave mine to unlock the full potential of this porphyry copper-gold asset at the northern end of British Columbia's Golden Triangle. The Australian miner took a major step toward this vision with the start of construction on the box cut for the underground decline at Red Chris. Roughly C$12 million has already been approved...
Challenged by a global pandemic and a particularly wet summer, many of Northern British Columbia's mineral explorers became adept to adjusting on the fly as they endeavored to unlock the rich precious, base, and battery metals potential of this section of the Pacific Cordillera. With companies like Skeena Resources Ltd. and Ascot Resources Inc. running year-round drill programs as they seek to establish a new era of gold-silver mines at historic operations in the Golden Triang...
After COVID-19 delays to the start of 2020 exploration at Tatogga, in late June GT Gold Corp. began mobilizing crews and equipment to this exciting gold-copper-silver property in British Columbia's Golden Triangle. The 2020 field work, which included a 4,481-meter drill campaign, was carefully designed to comply with a robust COVID-19 prevention plan that aligned with provincial regulatory requirements and guidance provided by the Tahltan First Nation COVID-19 emergency...
Since acquiring a 70% interest in Imperial Metals Corp.'s Red Chris Mine, Newcrest Mining Ltd. has become increasingly excited about the potential of this porphyry copper-gold asset at the northern end of British Columbia's Golden Triangle. The Australia-based miner bought a majority stake of Red Chris with the idea that it could unlock the full value of this operation by applying its expertise in block cave mining, a bulk tonnage underground mining technique that involves...
Newcrest Mining Ltd. and Imperial Metals Corp. reported additional strong gold-copper intercepts from drilling at the East zone high-grade pod at the Red Chris Mine in northwestern British Columbia. Hole RC634, drilled in the East zone, cut 394 meters averaging 1.6 grams per metric ton gold and 0.86% copper starting at 650 meters down the hole. This intercept includes 166 meters of exceptional gold and silver for a bulk tonnage porphyry system. "Drilling results at Red Chris...
Newcrest Mining Ltd. July 23 said COVID-19 has not affected the production of copper and gold at its Red Chris mine in northwestern British Columbia. During the second quarter 2020, Red Chris produced 8,401 metric tons (18.5 million pounds) of copper, which is an 18% increase over the 7,128 metric tons (15.7 million lb) produced during the first quarter; and 15,440 ounces of gold, which is a 27% rise over the 12,199 oz produced during the previous quarter. Newcrest attributes...
Skeena Resources Ltd. May 5 reported the final assay results from the 4,327 meters of drilling completed so far this year at the Eskay Creek gold-silver project in the Golden Triangle region of Northwest British Columbia. In February, Skeena launched a 2020 phase I program that is expected to include 28,000 meters of drilling at Eskay Creek. The company completed the first 4,237 meters prior to COVID-19 restrictions. Initial results from this early program, which were released...
GT Gold Corp. April 3 said the planned 2020 exploration program on its Tatogga gold-copper project in the Tahltan Territory of northwestern British Columbia would typically get started toward the end of May but could be delayed due to the COVID-19 outbreak. In response to the challenges posed by COVID-19, GT Gold has taken steps to support the health and safety of its employees and contractors. These measures include limited in-person meetings, postponed business travel and...
In order to protect the health of its people and communities of northern British Columbia during the COVID-19 pandemic, Tahltan Central Government has been working closely with the other Tahltan Nation governments – Iskut Band and Tahltan Band – as well mining companies with operations in their territory. Tahltan Nation said it has been meeting extensively with Newcrest Mining Ltd., majority owner and operator of the Red Chris copper-gold mine in Tahltan Territory, to pri...
Newcrest Mining Ltd. March 11 announced that drilling at the Red Chris mine in northwestern British Columbia has encountered a pod of high-grade mineralization, including one hole that cut 276 meters averaging 1.7% and 3.3 grams per metric ton gold. This intercept cut across a high-grade zone Imperial Metals Corp., Newcrest's joint venture partner at Red Chris, tapped in the mine's East Zone during 2009. This hole, RC09-350, cut 432.5 meters of 2% copper and 3.8 g/t gold....
Skeena Resources Ltd. Jan. 4 announced that it is selling two British Columbia exploration properties for C$8 million for exploration, which will provide funds for ongoing exploration at its Eskay Creek gold-silver project. Most of these funds will come from the sale of the GJ copper-gold-silver property in northern British Columbia to Newcrest Mining Lt. for C$7.5 million cash. In 2015, Skeena cut a deal to buy full ownership of the GJ from Teck Resources Ltd. and NGEx...
Since its formation in 1999, Seabridge Gold Inc. has amassed very large gold resources and reserves while keeping a watchful eye on the number of shares it has issued. In its 2018 annual report, this Toronto-based exploration company said this has positioned the company well in a world of dwindling gold reserves. "The simple truth is that the industry is not finding gold at the rate it needs to. We are," Seabridge Gold Chairman and CEO Rudi Fronk penned in the report. Over...
Newcrest Mining Ltd. has cut a deal to buy a majority position in Imperial Metals Corp.'s Red Chris copper-gold mine in northern British Columbia, which will be the Australian gold miner's first operation north of the equator. In a deal announced by the company on March 10, Australia's largest gold producer has agreed to pay Imperial Metals US$806.5 million in cash to acquire a 70 percent stake in Red Chris, not a bad sum considering the 13 billion pounds of copper and 20 mill...
Whether it be precious metals such as gold and silver, base metals like copper and zinc, or battery metals like nickel and cobalt, northern British Columbia is rich in the type of metal deposits that junior mining companies are hoping to discover and majors are wanting to mine. Couple this mineral endowment with good infrastructure – especially stacked up against the other jurisdictions in the North of 60 Mining News coverage area – and northern B.C. continues to draw str...
With C$2.5 million in the bank and roughly two dozen mineral exploration projects it has generated in Alaska, British Columbia, New Mexico and Mexico, Millrock Resources Inc. is prepared for a stellar 2017 as metals prices rise and a bullish sentiment returns to mining markets. "While we will not under-estimate the work ahead, we continue to carry forward into 2017 with a spirit of optimism," Millrock President and CEO Greg Beischer said. "The cycle seems to have changed, and...
Drop by Galore Creek camp this summer and you're sure to be well fed. A lively bunch of young people load up their plates with steak, shrimp, potatoes, salads and cakes, refueling after another rainy day in the field. The only slight problem for the casual visitor is getting here. There is no way into this temporary town up in the mountains of British Columbia other than by helicopter. From Wrangell in southeast Alaska a group from the Alaska Miners Association took a five-seater plane to Bob Quinn airstrip across the border...
