The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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NTR: TSX-V President and CEO: Greg Hayes, CA Director: Lori Walton, M.Sc., G.G., P.Geol. Vice President, Exploration: Dennis Ouellette, B.Sc. Northern Tiger Resources Inc., formed in April 2008 in Alberta as a spin-off of Firestone Ventures Inc., is an Edmonton, Alberta-based resource exploration company focused on the rapidly developing Dawson Range gold-silver-copper mining district in central Yukon Territory and underexplored regions southeastern and central Yukon. The company also has an exploration alliance with...
The Money Knob deposit at International Tower Hill Mines Ltd.'s Livengood Project ranks among the top 2 percent of gold discoveries made globally during the past 20 years - a far cry from the prospect a newly-formed junior inherited from AngloGold Ashanti Exploration Inc. in late 2006. "The Livengood Project from 'Day One' really felt to me like we were on top of a very large gold system, so I was very committed to the project," Tower Hill CEO Jeff Pontius told Mining News...
Although the mining news for the last month was rather on the thin side in terms of volume, a number of significant milestones were reached by the Alaska mineral industry. Over the past 30 days or so, we have had new mineral resources published on three gold deposits and one polymetallic deposit. We've had the first preliminary economic analysis released on a deposit from the Ambler Mining District and the schedule for a second preliminary economic analysis announced for...
All bets are off, but prospects for the project most likely to succeed in becoming the next producing mine in Northwest Territories got a boost recently when its developer commissioned a new feasibility study. Canadian Zinc Corp. in February reported engaging SNC-Lavalin Inc. to complete the feasibility study in 2011 for the underground Prairie Creek Project, a longstanding mining venture where it hopes to capitalize on several decades of development work to produce lead and zinc concentrates and a silver-bearing copper...
Near the top of the world a major mining company is quietly ramping up development of the first gold mine in what is sure to become a major gold mining district. After putting the brakes on development of its Hope Bay Gold Project during the last half of 2009 because of the global economic downturn, Newmont Mining Corp. has rallied in 2010 to advance the development by leaps and bounds in a US$200 million program that tackles challenges on several fronts. Hope Bay is North America's largest undeveloped greenfield with a...
With final 2010 exploration in hand, Golden Predator Corp. said its Clear Creek Project vaulted to the front of the pack of the eight gold projects that it is aggressively exploring in Yukon Territory. Clear Creek is located 65 kilometers, or about 40 miles, northwest of Mayo in central Yukon. Golden Predator can earn a 100 percent interest in the property, subject to a 3 percent net smelter return royalty, of which 1 percent on 77 quartz claims can be bought back for C$1 million and 2 percent on 55 quartz claims can be...
When I wrote a first editorial for Mining Explorers last year, it was on the occasion of Nunavut celebrating its first 10 years as a separate territory, and so it was fitting to review some of the accomplishments of the decade. Now, as we enter into a second decade, many of the fruits of those labors are coming to bear. That first decade, 1999-2009, wasn't, of course, without its share of both accomplishments and setbacks. Early in Nunavut's short life around 2002, three long-producing mines closed: the Polaris and Nanisivik...
Government and industry officials agree that mining exploration and development in recent years have brought substantial positive change to Nunavut, Canada's newest and least explored territory. Ongoing and new exploration, however, are rapidly advancing understanding of this vast Arctic land's mineral potential. "In this industry, it seems that all of the best and worst of times were compressed into less than two years (between 2008 and 2010)," said Peter Taptuna, minister of Economic Development & Transportation for the Gov...
NMC: TSX Chairman and CEO: Richard O'Brien Executive Vice President, Discovery and Development: Guy Lansdown Vice President, Generative Exploration: Grigore Simon Newmont Mining Corp. of Canada Ltd. is a subsidiary of Denver-based Newmont Mining Corp., one of the world's largest gold producers and the only gold mining company included in the S&P 500 Index and Fortune 500. Newmont acquired one of the largest undeveloped greenstones in North America in 2008 from Miramar Mining Ltd. and has worked since to advance exploration at...
VIT: TSX-V President and CEO: Chad Williams Board Chairman: T. Sean Harvey Chief Geologist: Marcus K. Johnston, Ph.D. Victoria Gold Corp., organized in 1981, is a gold exploration company focused on value growth per share through efficient exploration, project development, accretive acquisitions and effective marketing. Its strategy is to maintain a low-risk profile through project diversification and sound financial management and by operating in secure jurisdictions like Yukon Territory. In June 2009 the Toronto-based...
IQALUIT, Nunavut - Now that Agnico-Eagle Mines Ltd. is producing three or four 8-kilogram bars of gold every week at the newly opened Meadowbank Mine in the central region, government, business and mining industry officials here are beginning to look ahead toward the territory's next big challenge. "Meadowbank's startup is a small step for us in Nunavut," said Paul Kaludjak, president of Nunavut Tunngavik Inc., the Inuit organization that co-administers the Nunavut Land Claims Agreement with the Government of Canada. "We...
No discussion of opening Canada's Far North to mineral resource development could get far without the focus turning to Nunavut, the nation's newest and least-explored territory. At one-fifth the size of Canada, Nunavut contains 1,994,000 million square kilometers, or 770,000 square miles, (nearly three times the size of Texas). Much of the territory is underlain by Archean-aged rocks similar to those found in the most productive geology in Ontario, Quebec, South Africa, Australia, and Brazil. But much of this geology is...
Bankers, miners and scientists are predicting a shortage of copper in the coming decade as developing countries, particularly China and India, urbanize and industrialize. This growing need has spurred Barclays Capital, the investment division of the London-based Barclays Bank plc, to back a team of top-level copper miners who are scouring the globe for large, undeveloped copper assets. Barclays Natural Resource Investments and five former top executives from Phelps Dodge, Free...
A large abandoned underground gold mine just south of the City of Yellowknife could provide the Northwest Territories community with geothermal power, an environmentally friendly resource to help meet the Far North community's energy needs. But the immediate challenge facing Yellowknife officials in bringing the project to life is not "how," but rather "how much." Yellowknife is in advanced stages of project engineering and planning to install a district heating system by extracting geothermal heat from the abandoned Con...
Nunavut was created on April 1, 1999. The new territory and the public government, in which I am proud to be the Minister of Mines, was created as part of the largest aboriginal land claims settlement in Canadian history. The signing of the Nunavut Land Claims Agreement in 1993 marked a historic agreement between the Inuit of Canada's eastern Arctic and Canada. One of the key outcomes of that agreement was the creation of a new territory for all the people of Nunavut. This is a large territory. It is three times the size of...
Mineral-rich Nunavut Territory celebrated its 10th anniversary in 2009 and mining explorers seeking diamonds and precious and base metals brought their drills to the party. The territory, home to only 31,000 people living in 25 small, scattered communities, covers 1.9 million square kilometers, or one fifth the land mass of Canada and dwarfs Alaska by nearly 200,000 square miles. Of the young territory's economic prospects, mineral resource development offers perhaps the most long-term potential. "When I started work in...
Most of the mining companies looking for minerals in northern British Columbia ushered in 2009 with high hopes and little else. "It's a perfect storm. The credit crunch in the world financial system has led to a worldwide recession and a collapse in commodity prices. In equities, there is nowhere to hide. Financing has become expensive and difficult to get. I have never seen more difficult conditions for junior resource companies in my entire career," said Hard Creek Nickel Corp. President and CEO Mark Jarvis in describing...
When Greg Beischer and Phil St. George teamed up to form Millrock Resources Inc. early in 2007, they set out to make big discoveries that would attract the interest of the world's mining giants. The Millrock team has the background to know what global mining companies are looking for and the geological expertise to find it. Beischer, the Vancouver B.C.-based junior's president and CEO, spent two decades working for Inco Ltd., now a subsidiary of global mining giant Companhia...
RG:TSX-V/RMIOF:NASDAQ OTC/D4R:FE President and Director: Anastasios (Tom) Drivas Chief Financial Officer: Errol Farr Vice President, Exploration, Geologist and Director: Thomas Skimming Romios Gold Resources Inc., organized in 1995 in Ontario, is a Canadian exploration company focused on the acquisition and exploration of precious-and base metal prospects. The Company's Business Plan is to create shareholder value and reduce exploration risk by acquiring projects with a high discovery potential or a known resource with...
VIT: TSX-V President and CEO: Chad Williams Board Chairman: T. Sean Harvey Vice President, Exploration: Dr. Raul Madrid Victoria Gold Corp., organized in 1981, is a gold exploration company focused on value growth per share through efficient exploration, project development, accretive acquisitions and effective marketing. Its strategy is to maintain a low-risk profile through project diversification and sound financial management and by operating in secure jurisdictions like Yukon Territory. In December the Toronto-based...
Fortune Minerals Ltd. is taking the lemons it has encountered in developing the Nico Project in Northwest Territories and making lemonade. The London, Ont.-based junior recently reported substantial progress in overcoming major obstacles to building a vertically integrated mining operation at Nico, which is located 160 kilometers, or 99 miles, northwest of Yellowknife. Fortune Minerals discovered Nico, the largest known IOCG (Olympic Dam-type) deposit in Canada, in 1996. The deposit contains proven and probable mineral...
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...
Few can argue that the business of mining and mineral development has evolved dramatically in recent years. Engineering standards. Environmental safeguards. Regulatory oversight. Operational efficiencies. Health and safety performance. Even community development. Each of these critically important dimensions of planning and operating a modern, socially responsible mine has advanced light years since the term 'sustainable development' entered the public lexicon in the early 1990s. But for all that, mining is still viewed by...
As mineral-rich Nunavut Territory celebrates its 10th anniversary, Canadians and others are assessing changes made in the past decade and debating what the future will hold for Canada's newest territory. Nunavut, which means "our land," is a vast, frozen expanse of tundra laced with lakes, inlets and bays in the eastern Arctic. Spanning three time zones, it covers 1.9 million square kilometers, or one fifth the land mass of Canada. It also dwarfs Alaska by nearly 200,000 square miles. The territory is home to only 31,000...
Producing mines Early in 2008, Tahera Diamond Corp., owner and operator of Jericho Diamond Mine - Canada's third, and Nunavut's first diamond mine - filed bankruptcy and sought creditor protection. Tahera opened the Jericho in 2006 and recovered and processed 155,000 metric tons (average grade of 0.79 carats per metric ton) during the fourth quarter of 2007, resulting in production of 122,500 carats valued at US$11.6 million, compared with US$8.4 million in the third quarter of 2007. However, financial losses were reported...
