The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 50 of 77
For many mining companies eyeing prospects in Canada's far north, 2020 presented insurmountable challenges. But for the few explorers and producers focused on Northwest Territories, the year proved to be quite productive, even as a global coronavirus pandemic added expensive restrictions to already costly campaigns. Rigorous restrictions imposed by local and federal officials to quell potential outbreaks of the disease at mining camps and prevent its spread to local...
Like many mineral exploration companies carrying out pre-pandemic winter drill programs across the North, Nighthawk Gold Corp. made the decision to wind down operations at its Indin Lake gold property in Canada's Northwest Territories in March due to COVID-19. In the three months to follow, the company kept in contact with territorial government and health officials as it worked out a plan to safely resume the planned 25,000-meter drill program at its district-scale gold prope...
Explorers seeking new mineral discoveries in the Northwest Territories are expected to spend less in 2018 than the C$90 million they shelled out collectively last year. Natural Resources Canada projects spending this year for mineral exploration and deposit appraisals in the northern territory will total C$81.3 million. But some observers expect to see an uptick in hardrock mining exploration in 2018, especially in the highly prospective Slave Province where the Northwest...
Nighthawk Gold Corp. Oct. 21 said it is encouraged by the drilling in resource expansion areas of the Colomac project on its Indin Lake gold property in Canada's Northwest Territories. According to a calculation completed earlier this year, Colomac hosts 25.9 metric tons of indicated resource averaging 2.01 grams per metric ton (1.67 million ounces) gold; plus 5.7 million metric tons of inferred resource averaging 2.03 g/t (372,500 oz) gold. Much of this resource is found...
Nighthawk Gold Corp. June 24 said it is gearing up to resume an exploration program on its Indin Lake gold property in Canada's Northwest Territories that was put on hiatus in late March due to the COVID-19 pandemic. To determine a course of action for safely resuming exploration, Nighthawk has been in discussions with the territorial government and health officials. Based on recently updated public health orders pertaining to transient workers in the mineral exploration...
Resumption of construction of the Tlicho all-season road is good news for Colomac and Nico, two mineral exploration projects in Canada's Northwest Territories. The Tlicho Road is being constructed along an existing winter route that connects the community of Whati to Highway 3, which is roughly 97 kilometers (60 miles) to the south. Construction of the road got under way last September, but activities were halted due to COVID-19 but ramped back up in mid-May. Nighthawk Gold...
Nighthawk Gold Corp. March 23 reported the final assay results from its 2019 drilling at the Indin Lake gold property, a 110-hole (40,834 meters) program that has a widening of gold mineralization at Colomac and is changing the way the exploration company views this main project on the property. The 899-square-kilometer (222,200 acres) Indin Lake property hosts seven major project areas – Colomac, Leta Arm, Damoti Lake, Treasure Island, JPK, Fishhook and Echo-Indin. Colomac i...
Canada's provinces and territories have fallen from grace in the eyes of the global mining community, according to the latest rendition of Fraser Institute's Annual Survey of Mining Companies. For the first time in a decade, no Canadian jurisdiction ranks in the top 10 for "investment attractiveness" in the annual survey conducted by the Canadian public policy think-tank. This report asks industry professionals from around the globe to score mining jurisdictions based on their...
Nighthawk Gold Corp. Feb. 19 reported strong gold results from drilling at Goldcrest, a parallel sill located 400 meters east of the Colomac Main on the company's Indin Lake gold property in Canada's Northwest Territories. "Goldcrest is very similar to Colomac Main except it has been drilled significantly less and has a shorter strike length of 2.5 kilometers (1.6 miles) compared to the nine-kilometer (5.6 miles) strike length of Colomac Main," said Nighthawk Gold President...
Nighthawk Gold Corp. Feb. 4 reported that drilling continues to encounter strong gold mineralization at Treasure Island, one of the key satellite deposits on the company's Indin Lake gold property in Northwest Territories. Located 11 kilometers (seven miles) north of Nighthawk's Colomac gold project, Treasure Island lies along the eastern end of a seven-kilometer- (four miles) long underexplored corridor that hosts several high-priority gold showings, including JPK and Laurie...
Nighthawk Gold Corp. Jan. 7 reported that new drill results indicate that the widening of the gold mineralization encountered earlier this year could extend for a least 3,500 meters, which could add significant ounces to this already robust gold project on the company's Indin Lake gold property in Canada's Northwest Territories. The 899-square-kilometer (222,203 acres) Indin Lake property hosts seven major project areas – Colomac, Leta Arm, Damoti Lake, Treasure Island, J...
Nighthawk Gold Corp. Dec. 3 said recent drilling shows that Zone 2.0 at Colomac is getting thicker with depth, which indicates significant resource expansion potential for this central project on the company's 899-square-kilometer (222,203 acres) Indin Lake gold property in Northwest Territories. Indin Lake hosts seven major project areas – Colomac, Leta Arm, Damoti Lake, Treasure Island, JPK, Fishhook and Echo-Indin – each with multiple gold exploration targets. Colomac, how...
Nighthawk Gold Corp. May 28 reported it cut record high-grade gold in a hole at Colomac, the flagship project on the company's Indin Lake gold property in Northwest Territories. The company kicked off its 2019 drill program at Indin Lake in March and recently completed 16 holes to test specific high-grade targets within the 3,000- by 9,000-meters Colomac Main sill. This drilling spanned zones 1.5, 2.0, 2.5, and 3.0 with all holes intercepting gold mineralization. Hole C19-08 c...
Nighthawk Gold Corp. April 3 announced it has launched the 2019 exploration program at its Indin Lake gold property in Northwest Territories. The company plans to invest roughly C$10 million this year on a program the will include at least 25,000 meters of drilling, as well as mapping and prospecting across the 899-square-kilometer (347 miles) Indin Lake property. This program has begun with three drills turning at Colomac, a gold project centrally located on the property....
When it comes to attracting mining investment, Alaska, British Columbia and all three Canadian territories rank among the top 20 jurisdictions in the world on the Fraser Institute Survey of Mining Companies 2018. This report asks industry professionals from around the globe to score mining jurisdictions based on their mineral endowment and various policy topics important to mining. "The mining survey-now in its 21st year-is the most comprehensive report card on government...
Nighthawk Gold Corp. Jan. 10 reported that drilling has extended gold mineralization at Damoti Lake, a high-grade gold deposit on the company's Indin Lake property in Northwest Territories. A resource calculated for Anaconda Gold Corp. in 2005 outlined 40,600 metric tons of measured and indicated resource at Damoti Lake averaging 26.17 g/t gold; plus 17,800 metric tons of inferred resource averaging 16.38 g/t gold. This deposit lies 28 kilometers (17 miles) south of the...
Nighthawk Gold Corp. Dec. 20 provided an update on Tlicho all-season road, a new two-lane gravel highway that will bring year-round ground transportation roughly 90 kilometers (62 miles) closer to the company's Indin Lake gold property in Northwest Territories. The Tlicho Road will follow an existing winter road some 97 kilometers (60 miles) miles north from Highway 3 to the community of Whati. In late October, federal and territorial ministers approved the Mackenzie Valley...
Nighthawk Gold Corp. Oct. 22 reported wide widths of strong gold mineralization from drilling recently completed at Treasure Island, a target at the north end of the company's Indin Lake gold property in Northwest Territories. Located 11 kilometers (seven miles) north of Nighthawk's Colomac gold project, Treasure Island lies along the eastern end of a seven-kilometer- (four miles) long underexplored corridor that hosts several high-priority gold showings, including JPK and...
Nighthawk Gold Corp. Aug. 8 reported that 11 recently completed holes at Grizzly Bear – one of five deposits that make up the Colomac gold project on the company's Indin Lake property in Northwest Territories – cut gold mineralization. Grizzly Bear is located roughly 4,000 meters south-southwest of Colomac high-grade Zone 1.5, and 600 meters south of the Colomac airstrip. Prior to 2017, Nighthawk had not drilled the deposit, however historical drill results were reported as...
Northwest Territories may fall behind Canada's two other territories in mining activity in the near-future, but projects underway in the northern jurisdiction hold substantial promise for mid- to long-term gains, especially if many current roadblocks come down. "Optimism is warranted for the territory's mining sector and the broader economy it drives," said Wally Schumann, minister of industry, tourism and investment for the Government of Northwest Territories. But...
Nighthawk Gold Corp. July 5 reported that drilling has tapped new zones of gold mineralization at the Leta Arm project on the company's Indin Lake property in Northwest Territories. Situated about 16 kilometers (10 miles) southwest of Colomac, the four deposits and showings being drilled this year at Leta Arm – Diversified, Number 3, Lexindin and North Inca – could provide gold-rich satellite ore to a mine developed at Nighthawk's primary gold project on the Indin Lake pro...
While mining activity remained strong in the Northwest Territories in 2019, industry and government officials alike worried that the robust sector, driven largely by production at three diamond mines, has entered a prolonged downward slide. The near-term economic outlook for the territory, which covers 1.3 million square kilometers in Canada's central Arctic region, continues to be bleak as its diamond mines that have now passed peak production and replacement projects are in...
After nearly 10 years of exploring the Colomac Gold Project in Northwest Territories, Nighthawk Gold Corp. is making progress toward increasing the project's resource in 2020, while strengthening a long-held theory that the project sits in the middle of a potential gold camp that could rival the legendary Timmins Gold Camp of Ontario. Anchored by strategic shareholders Kinross Gold Corp. (9.9 percent), Osisko Royalties Ltd. (8.6 percent) and Northfield Capital (19.1 percent),...
Kinross Gold Corp. focuses its in-house exploration on high-quality brownfield projects and the discovery of new resources within the existing footprint of several of its mine properties, including extensions of known mineralization, as well as looking at other properties in surrounding districts. The Fort Knox Mine in Interior Alaska is an example of the Toronto-based gold miner's brownfield success. In its 23rd year of operation, this open-pit mine a few miles north of...
Nighthawk Gold Corp. focused its 2018 drill program on expanding a substantial gold resource and investigating the district-scale potential of its 222,203-acre Indin Lake gold property in Northwest Territories. Located roughly 200 kilometers (125 miles) north of Yellowknife, Indin Lake hosts numerous gold deposits, including the historical Colomac open-pit mine, which produced 527,908 ounces of gold during the 1990s. Colomac hosts 50.3 million metric tons of inferred resource...
