The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 75 of 77
Nighthawk Gold Corp. June 26 reported high-grade gold intercepts from recent drilling at North Inca, one of four gold deposits within the Leta Arm gold project on the Indin Lake property in Northwest Territories. "Leta Arm is one of our principal projects, and a prime example of the type of emergent opportunity that exists in this juvenile gold camp. Given the camp's underexplored nature, we believe that many other prospects of similar magnitude remain to be discovered," said...
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,...
Nighthawk Gold Corp. May 22 said preliminary metallurgical testing on material from the Colomac gold project on its Indin Lake property in Northwest Territories returned favorable recoveries for all process options. "Although at the early stages of metallurgical test-work, the results to-date describe Colomac rock as exceptional in terms of grind characteristics, gold recoveries, purity, and responsiveness to all standard gold recovery technologies," said Nighthawk President...
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...
Nighthawk Gold Corp. Oct. 13 announced plans to complete a C$10.1 million private placement that includes a strategic investment by Kinross Gold Corp. Following the completion of the financing, Kinross will hold roughly 9.5 percent of Nighthawk's issued and outstanding common shares on an undiluted basis. The offering will consist of up to 6.17 million common shares at C50 cents each and up to 10.77 million flow-through shares at C65 cents each. The gross proceeds from the sale of the flow through shares will be used for expl...
Nighthawk Gold Corp. continued to advance exploration at its 200,000-acre Indin Lake gold property with a 8,390-meter drill program looking to add higher grade near surface gold to the project's resource. Located roughly 200 kilometers (125 miles) north of Yellowknife, Northwest Territories, the Indin Lake property hosts a number of gold deposits, including the historical Colomac open-pit mine, which produced 527,908 ounces of gold during the 1990s. In 2013, Nighthawk reported an inferred mineral resource estimate of 39.8 mil... Full story
While most mining jurisdictions have seen sharp drops in mineral exploration spending, such investments in Northwest Territories has largely held steady at about C$100 million annually during the past five years. As a result, this diamond-rich territory accounted for roughly 7 percent of mineral exploration spending in Canada in 2016, compared with only about 2 percent in 2011. The ultimate measure of mineral exploration success is not the amount of exploration dollars spent... Full story
With the opening of Gahcho Kué, Northwest Territories is reaping the rewards of past exploration spending across the vast diamond-rich expanse of northern Canada. In fact, the new diamond mine is expected to contribute some C$5.7 billion to Northwest Territories economy by 2028, the end of its currently projected life, according to a report commissioned by De Beers Group of Companies. Northwest Territories Minister of Industry, Tourism and Investment Wally Schumann... Full story
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...
Nighthawk Gold Corp. March 3 announced the start of a 25,000-meter drill program at its Indin Lake gold project in the Northwest Territories. Roughly 125 miles north of Yellowknife, Indin Lake hosts a number of deposits, including the historical Colomac open-pit mine, which produced 527,908 ounces of gold during the 1990s. In 2013, Nighthawk reported an inferred mineral resource of 39.8 million metric tons averaging 1.64 grams per metric ton (2.1 million oz) gold. Roughly 2 million ounces of this gold is found at Colomac and...
Nighthawk Gold Corp. April 19 reported encouraging preliminary results from its metallurgical program on the Colomac Gold project in Northwest Territories. These initial results indicate that recoveries of up to 96.5 percent of the gold may be achieved and the rock is amenable to all standard gold recovery technologies. This is significantly higher than the 88.1 percent recoveries achieved during active mining on the property from 1994 to 1997. "Results from this initial metallurgical testing have significantly exceeded our...
Nighthawk Gold Corp. Aug. 28 reported the expansion of gold zones at the Colomac project on its Indin Lake property about 160 kilometers (100 miles) north of Yellowknife, Northwest Territories. Hole C17-12B cut 145.75 meters (25 meters true width) of 3.33 grams per metric ton gold in, effectively extending Zone 1.5 at Colomac an additional 50 meters to the north. Drilling also cut gold in a gap between Zone 1.5 and Zone 2.0, which lies to the south. One hole drilled in this...
Nighthawk Gold Corp. Nov. 24 reported another round of results from an 8,400-meter drill program completed this year at its Indin Lake gold property roughly 200 kilometers (125 miles) north of Yellowknife, Northwest Territories. In 2013, Nighthawk reported an inferred mineral resource of 39.8 million metric tons averaging 1.64 grams per metric ton (2.1 million ounces) gold, mostly in the parallel Colomac and Goldcrest trends of dikes and sills. Earlier this year, the company...
Nighthawk Gold Corp. Oct.16 said this summer's drill program supports the existence of high-grade domains within the Colomac mineralized system of its Indin Lake gold property in Northwest Territories. Earlier this year, Nighthawk reported results from step-out drilling at the newly discovered Zone 1.5, where C16-03 cut 52.07 meters averaging 7.72 g/t gold. Further drilling shows that the zone continues uninterrupted to depth. One such hole, C16-03B, cut 72.65 meters of 5.58...
Nighthawk Gold Corp. Sept. 13 reported initial results from the 2016 drill program at its Indin Lake gold property in the Northwest Territories. This 10,000-meter program is focused on expanding the recently discovered high-grade gold mineralization at Zone 1.5 of the Colomac deposit and exploring for additional higher-grade domains. Highlights from five holes drilled at Zone 1.5 include: 52.07 meters (40 meters true width) of 7.72 grams per metric ton gold in hole C16-03;...
Nighthawk Gold Corp. July 5 reported the start of a 10,000-meter drill program at its Indin Lake gold property in Northwest Territories. This program, expected to be completed by the end of September, will continue to expand recently discovered high-grade gold mineralization at the Colomac deposit and follow up on the 2014 drilling results at Goldcrest, a sister intrusion located 400 meters west of Colomac. Drilling at Colomac will follow up on the success of Nighthawk's 2014...
Osisko Gold Royalties Ltd. Jan. 4 said it has amended its revolving credit facility with National Bank of Canada and Bank of Montreal, thereby increasing the amount of the facility from C$100 million to C$150 million and extending its term to Dec. 23, 2017. The facility is to be used for investments in the mineral industry, including the acquisition of royalties and funding precious metal streams. Osisko CEO Elif Lévesque said, "This increased facility complements our strong...
Nighthawk Gold Corp. Dec. 29 said it has decided to allow to lapse its option to acquire the Kim and Cass properties, which include four mining leases adjacent to its Indin Lake gold property. The company entered into an option to acquire Kim and Cass late in 2013. Nighthawk said it is allowing the option on these satellite properties to expire in order to focus its cash and resources on further exploration of the core of its Indin Lake gold property, located 220 kilometers...
Nighthawk Gold Corp. Oct. 26 provided results from a recently completed eight-hole drill program at its Indin Lake gold property in the Northwest Territories. Five of the holes were drilled within Zone 1.5 to expand the recently discovered high-grade gold mineralization defined by hole C14-06, which cut 52.5 meters of 7.78 g/t gold. Holes C15-04 and 04B, collared 25 meters south of C14-06, cut 77.75 meters of 2.63 g/t gold. Hole C15-06, drilled 25 meters north of C14-06, cut... Full story
Mineral exploration spending in Northwest Territories dipped sharply in 2015. While the final numbers are not in, Natural Resources Canada predicts exploration and deposit appraisal expenditures in the territory to be around C$43.6 million, or less than half the roughly C$95.8 million invested last year. Industry and government leaders in the territory, however, have come together "to develop a robust mineral industry in the NWT." In January, the government announced the... Full story
NHK: TSX.V Chief Executive Officer: David Wiley Chief Geologist: Michael Byron Nighthawk Gold Corp. initiated a 3,000-meter drill program at its Indin Lake gold property late in 2015. Located 220 kilometers (137 miles) north of Yellowknife, Northwest Territories, the Indin Lake property hosts a number of gold deposits, including the historical Colomac open-pit mine, which produced 527,908 ounces of gold during the 1990s. The Colomac portion of the larger Indin Lake property hosts five known gold deposits - Colomac Main,...
Nighthawk Gold Corp. July 28 reported the start of a 3,000-meter drill program at its Colomac gold deposit in the Northwest Territories. The program will follow up on the success of Nighthawk's 2014 drilling at Zone 1.5, where hole C14-06 intersected 52.50 meters of 7.78 grams per metric ton gold. "The significant results we encountered from Zone 1.5 during our 2014 drill program prove the northern portion of the Colomac sill merits further exploration," said Nighthawk... Full story
After ushering in devolution in concert with implementing the first phase of a well-reasoned mineral development strategy, the Northwest Territories is eager to attract new mineral resource investment in 2014 in hopes of building on an uptick in exploration activity in recent years. "The Canadian North is the next frontier in mining and mineral development and nowhere is this more evident than in the NWT," said NWT Industry, Tourism, and Investment Minister David Ramsay. Home to the third-richest diamond resources in the...
NHK: TSX.V Chief Executive Officer: David Wiley Chief Geologist: Michael Byron Nighthawk Gold Corp. budgeted C$7.5 million for a 2014 exploration program at its 229,791-acre (92,993 hectares) Indin Lake gold property, located 220 kilometers (137 miles) north of Yellowknife, Northwest Territories. This large land package blankets a number of gold deposits, including the historical Colomac open pit mine, which produced 527,908 ounces of gold during the 1990s. The Colomac portion of the larger Indin Lake property hosts five...
A challenging economic climate in 2012 failed to impede growth in mining activity in Northwest Territories. As miners struggled to fund their work programs, numerous companies managed to plow ahead in the wake of regulatory improvements, advancing projects that could bring even more robust times to the territory's mineral resources sector. The Northwest Territories, one of Canada's three northern territories, is sandwiched between Yukon Territory to the west and Nunavut to the east. With a land mass of nearly 1,347,150...
