The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Athabasca Nuclear Corp. May 2 said it has entered into a binding letter of intent with North Arrow Minerals Inc. to acquire the Torp Lake and Phoenix lithium properties. The Torp Lake project covers 1,003 hectares (2,478 acres) near tidewater in the north Slave region of Nunavut. The Torp Lake Project hosts the McAvoy lithium-rich pegmatite contained in the mineral spodumene. Past channel sampling of pegmatite at McAvoy has returned six meters grading 4.5 percent lithium...
North Arrow Minerals Inc. Jan. 25 reported an agreement has been reached to sell royalty interests in its Redemption diamond project to Umgeni Holdings International Ltd. for C$800,000. Redemption is located in the Lac de Gras region of the Northwest Territories, roughly 32 kilometers (20 miles) southwest of the Ekati diamond mine. "This agreement with Umgeni represents a non-dilutive hard-dollar financing that strengthens North Arrow's treasury and allows North Arrow to...
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...
Thanks largely to its burgeoning mining sector, Nunavut is leading the Canadian territories in economic growth. With the start-up of the Mary River iron mine late in 2014, Nunavut now has two operating mines and a number of advanced stage gold, uranium, diamond and base metals projects poised to join the ranks in the coming years. "All in all, real gross domestic product (in Nunavut) is expected to grow by 3.8 percent in 2015, the highest rate of growth among the provinces...
DDC.TO: TSX Chairman: Robert Gannicott Chief Executive Officer: Brendan Bell Chief Operating Officer: Chantal Lavoie Dominion Diamond Corp. mines rough diamonds at the Ekati and Diavik mines, both located in Northwest Territories about 300 kilometers (190 miles) north of Yellowknife. The company operates the Ekati Diamond Mine through an 88.9 percent ownership of the project's Core zone as well as a 65.3 percent ownership in the Buffer zone. The 2015 exploration at Ekati focused on the Jay and Sable kimberlite pipes. Jay,...
NAR: TSX.V Chairman: D. Grenville Thomas President and CEO: Kenneth Armstrong Advisor: Eira Thomas North Arrow Minerals Inc. has seven diamond exploration projects in Canada - Qilalugaq, Mel and Luxx in Nunavut; Lac de Gras and Redemption in Northwest Territories; Pikoo in Saskatchewan; and Timiskaming in Ontario. Located nine kilometers from the Hamlet of Repulse Bay (Naujaat), Qilalugaq encompasses Q1-4, a kimberlite with 48.8 metric tons of inferred resource averaging 53.6 carats per hundred tons for a total of 26.1 carats...
North Arrow Minerals Inc. June 9 reported that a parcel of 383.55 carats of diamonds greater than +1DTC (about 1 millimeter) recovered from a bulk sample collected at the Qilalugaq Diamond Project was valued at US$13,795, or US$36 per carat. A modeled range of possible values also was calculated with a "possible low" model price of US$43 per carat and a "possible high" model price of US$92 per carat. "The diamond parcel recovered from the Q1-4 bulk sample is very small and,...
North Arrow Minerals Inc. May 5 reported final diamond recoveries from a bulk sample collected from the Q1-4 kimberlite at the Qilalugaq Diamond Project bulk sample in Nunavut. Diamond recoveries from the sample include 11,083 diamonds greater than +1 DTC (roughly 1 millimeter) weighing 384.28 carats from 1,353.37 dry metric tons of kimberlite for an overall sample grade of 28.4 carats per hundred metric tons. The recovered diamonds include 30 larger than three grainer...
North Arrow Minerals Inc. April 21 reported that yellow diamonds recovered from the Q1-4 kimberlite at the Qilalugaq Project in Nunavut contain un-aggregated nitrogen, a defining characteristic of rare Type Ib diamonds with fancy "Canary Yellow" colors. Type Ib diamonds are exceptionally rare. "In fact, less than 1 percent of more than 24,000 fancy yellow diamonds investigated by the Gemological Institute of America as part of a 2005 study were classified as Type Ib diamonds,...
North Arrow Minerals Inc. Feb. 26 reported that initial results from processing of a bulk sample from the Qilalugaq Project show that yellow diamonds persist into large diamond sizes. The roughly 1,500-metric-ton sample was collected last summer from the Q1-4 kimberlite, situated nine kilometers from the Hamlet of Repulse Bay (Naujaat), Nunavut. Initial recovery data from about 46 percent of the sample have been compiled and include 5,366 diamonds greater than +1 DTC, or...
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...
Mineral exploration activity is holding its own in Nunavut this year, despite a tough funding environment and stiff competition from other attractive mining jurisdictions around the world. Although the Far North territory has only one operating mine, Meadowbank, at least eight mineral projects are currently hurtling through development and the permitting process on their way to production. Of these, two projects - one gold and one iron - have project certificates, and six projects are progressing through the environmental...
DDC: TSX / NYSE Chairman and CEO: Robert Gannicott Chief Operating Officer: Chantal Lavoie Executive Vice President, Community Affairs: Brendan Bell Dominion Diamond Corporation mines rough diamonds at the Ekati and Diavik mines, both located in Northwest Territories about 300 kilometers (190 miles) north of Yellowknife. The company operates the Ekati Diamond Mine through an 80 percent ownership of the project's Core zone as well as a 58.8 percent ownership in the Buffer zone. In July, Dominion Diamond Corp. announced that th...
NAR: TSX.V Chairman: D. Grenville Thomas President and CEO: Ken Armstrong Advisor: Eira Thomas North Arrow Minerals Inc. has seven diamond exploration projects in Canada - Qilalugaq, Mel and Luxx in Nunavut; Lac de Gras and Redemption in Northwest Territories; Pikoo in Saskatchewan; and Timiskaming in Ontario. Located on the Melville Peninsula, Qilalugaq encompasses Q1-4, considered to be the largest known kimberlite in the eastern Canadian Arctic. In 2013, North Arrow confirmed an inferred resource for the Q1-4 kimberlite...
The Government of Northwest Territories has implemented a new Mining Incentive Program that was oversubscribed by midyear, with strong interest shown by companies and prospectors in the Northwest Territories and across Canada. "The Mining Incentive Program helps our government support those with the energy, expertise and perseverance that this industry relies on to conduct mineral exploration in an environmentally sustainable way," said GNWT Industry, Tourism and Investment Minister David Ramsay. "I especially look forward...
Diamonds exploration heated up in the Northwest Territories in 2014 as more and more companies mounted campaigns aimed at identifying the next big discovery in a region that has already produced three operating diamond mines and one well-advanced mine project. "It's been an exciting season for us because on April 1, we took over management of mineral and oil and gas resources in the territory. Overall, we're seeing a consistent trend for exploration as well as a bit of a resurgence of interest in diamonds," Pam Strand,...
Mineral exploration activity held its own in Nunavut in 2013, despite a tough funding environment and stiff competition from other attractive mining jurisdictions around the world. Of the mineral projects edging closer to development in the territory, the Mary River iron project is likely the closest to startup. For the past two years, the venture, spearheaded by Baffinland Iron Mines Corp., has headlined mining news coming from the Qikiqtani, the territory's easternmost region. The Qikiqtani Region is Nunavut's largest...
All exploration in the Kitikmeot region of Nunavut in 2013 was carried out in search of gold and base metals. Mid-tier and major companies conducted most of the work, with mineral exploration and deposit appraisal expenditures totaling an estimated C$121 million in the northern territory's westernmost region. MMG Resources Inc. continued work at its Izok Corridor and Hood zinc-copper projects. The Izok Corridor project includes the High Lake and Izok Lake volcanogenic massive sulfide deposits. Exploration on the Izok Corridor...
Kivalliq, located northwest of Hudson Bay and sharing a border with the Northwest Territories and Manitoba, is the heart of Nunavut's gold country. This central region of the territory is also the home of Nunavut's sole operating mine, Meadowbank. The region's diverse geology hosts a number of mineral occurrences and deposits, particularly gold, uranium, nickel, platinum group elements, base metals, rare earth elements, and diamonds. In 2013, exploration activity in the Kivalliq Region primarily involved gold and uranium,...
Northwest Territories continued to benefit in 2013 from a recent surge of exploration interest. A vast expanse of mountains, forests and tundra that is roughly two-thirds the size of Alaska, the territory covers 1.17 million square kilometers (431,162 square miles). "We have, in the North, what the world wants - what emerging markets need," Northwest Territories Premier Robert "Bob" McLeod told an audience at a Prospects North gathering in Yellowknife Sept. 11. "We are the third-largest diamond producer in the world. In...
There is a reason why Nunavut has one of the fastest-growing economies in Canada: mining. With one operating gold mine at Meadowbank, two huge projects on the verge of startup at Hope Bay and Mary River, five projects advancing through the environmental assessment process at Meliadine, Back River, Hackett River, and the Izok corridor as well as exploration activities continuing across all three regions of the territory in 2013, there's little wonder that Nunavut's "time has come." "Mining has the best potential to create...
There is a reason why Nunavut has one of the fastest-growing economies in Canada: mining. With one operating gold mine at Meadowbank, two projects on the verge of startup at Hope Bay and Mary River , five projects advancing through the environmental assessment process at Meliadine, Back River, Hackett River, and the Izok corridor, and exploration activities continuing across all three regions in 2013, there's little wonder that Nunavut's "time has come." That's the word from Matthew Spence, director general of the Northern...
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...
ELG: TSX President and CEO: Patrick Downey Chief Operating Officer: James A. (Jim) Currie Manager, Exploration: Vivian Park Elgin Mining Inc. focused on exploring its Lupin and the Ulu gold properties in Nunavut in 2012. Through a merger with Gold-Ore Resources Ltd. in May, Elgin gained ownership of the producing Bjorkdal gold mine in Sweden. Ongoing exploration included an airborne geophysics survey to identify drill targets at the past-producing Lupin gold mine located about 400 kilometers north of Yellowknife, Northwest...
East of the hub of Canadian production in Northwestern Territories, diamond exploration intensified this year in far-flung corners of neighboring Nunavut. Ongoing work at the Chidliak Project to the east and the Jericho Mine to the west dominated activity in the sector, but explorers conducted modest programs at other projects in northeast and northwest Nunavut. Here's an early look at the progress of the 2011 campaigns and what lies ahead for them in 2012. Ready to build a mine At Chidliak, a 51/49 joint venture between BHP...
