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 70
Mineral exploration activity in Northwest Territories showed signs of revival in 2021, coming on the heels of the slowest year in recent memory. Excited by renewed interest in gold deposits in and around the capital city of Yellowknife and other hot spots after the pandemic-related restrictions of 2020, juniors joined longtime explorers Nighthawk Gold Corp. and Gold Terra Resource Corp. (formerly TerraX Minerals) in hunting for the yellow metal across the 1.14...
Advancing the historic Pine Point project, Osisko Metals Inc. spent 2021 proving that the zinc-lead project had more to give, on a zinc-only basis, enough to give that could rank it within the top ten in the world. Formerly mined under Cominco (now Teck Resources), Pine Point – roughly 26 miles (42 kilometers) east of Hay River, Northwest Territories – produced roughly 14 billion pounds of zinc and 4 billion lb of lead from around 64 million metric tons of ore averaging abo...
Osisko Metals Inc. Nov. 24 reported the latest results from the current in-fill drill program at its Pine Point project in Northwest Territories, Canada, including an intersect that cut six meters grading 20.06% zinc, and 0.72% lead. Located just south of the Great Slave Lake, Pine Point is home to a former mine operated by Cominco (now Teck Resources) that produced roughly 14 billion pounds of zinc and 4 billion lb of lead from around 64 million metric tons of ore during a...
Osisko Metals Inc. July 14 announced the start of a 13,000-meter summer-fall drill program at Pine Point focused largely on continued infill drilling to upgrade inferred resources outlined at this past-producing zinc project in Canada's Northwest Territories to the higher confidence indicated category. A preliminary economic assessment completed in mid-2020 outlines a mine at Pine Point that would produce an average of 327 million pounds of zinc and 143 million lb of lead annu...
The ultimate goal for most junior exploration companies is to discover and advance a mineral deposit to the point that it is large and rich enough to attract the attention of a major mining company to swoop in and nab a stake through an investment in the project or even an outright buyout of the junior. Sometimes, if the global market conditions are right and the project shows enough promise, majors will invest in a project long before an economically viable mining project...
Osisko Metals Inc. April 26 announced it cut 32 meters averaging 20.28% zinc and 12.02% lead in the X25 deposit at its Pine Point project in Northwest Territories. Situated 42 kilometers (26 miles) east of the town of Hay River, Pine Point is home to a former mine operated by Cominco (now Teck Resources) that produced roughly 14 billion lb of zinc and 4 billion lb of lead from around 64 million metric tons of ore during a roughly 24-year span beginning in 1964. Osisko is...
Osisko Metals Inc. March 8 reported intercepts with grades as high as 31.1% zinc and 11.6% lead over widths of 27.5 meters from this year's resource upgrade drilling at its Pine Point project about 42 kilometers (26 miles) east of Hay River, Northwest Territories. A preliminary economic assessment completed last year outlines a mine at Pine Point that would produce an average of 327 million pounds of zinc and 143 million lb of lead annually over an initial 10-year mine-life....
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...
With a vision to become a leading base metals mining company, Osisko Metals Inc. is rapidly advancing exploration and engineering studies at its Pine Point project about 42 kilometers (26 miles) east of Hay River, Northwest Territories. A preliminary economic assessment completed in mid-2020 outlines a mine at Pine Point that would produce an average of 327 million pounds of zinc and 143 million lb of lead annually over an initial 10-year mine life. At an average zinc price...
During the most challenging mining season in nearly 20 years brought on by constraints imposed by the coronavirus pandemic, one mineral exploration company has forged ahead in its quest to develop a robust zinc-lead mine at the Pine Point project near Hay River in Northwest Territories. Unlike most companies with mining projects in northern Canada this year, Osisko Metals Ltd. is reporting significant advances in developing Pine Point, including updating the project's mineral...
Osisko Metals Inc. Nov. 12 reports that its latest batch of drill results includes one hole that indicates a major expansion of O53, one of the deposits that make up the large zinc-lead resource at the Pine Point project in Canada's Northwest Territories. From 1964 to 1988, Cominco (now Teck Resources) produced roughly 14 billion lb of zinc and 4 billion lb of lead from around 64 million metric tons of ore averaging about 10% zinc-equivalent, which factors in the value of...
Osisko Metals Inc. Oct. 5 reported the results from the fall drill program at its Pine Point zinc project in Northwest Territories. In mid-June, the company published a preliminary economic assessment that outlines plans for reestablishing a mine at Pine Point, home to a mine operated by Cominco (now Teck Resources) that produced roughly 14 billion pounds of zinc and 4 billion lb of lead from around 64 million metric tons of ore averaging about 10% zinc-equivalent over a...
Reestablishing a mine at Osisko Metals Inc.'s Pine Point zinc-lead project in Northwest Territories could be profitable, according to the preliminary economic assessment released on June 15. The PEA outlines a mine that would produce an average of 327 million pounds of zinc and 143 million lb of lead annually over an initial 10-year mine life. At an average zinc price of US$1.15/lb and lead averaging US95 cents/lb, this operation has been calculated to produce an after-tax...
In 21 months, Osisko Metals Ltd. has boosted the mineral resource estimate for its Pine Point zinc-lead project near Hay River in Northwest Territories by 36 percent to 50 million metric tons, a critical milestone for base metal mining ventures. The Montreal-based junior is also generating new excitement about the brownfields project by reporting more high-grade assays and additional evidence of upside mineral potential on the 22,213-hectare (8,990 acres) property located...
Osisko Metals Inc. Nov. 13 reported that its Pine Point project in Northwest Territories now hosts 5.3 billion pounds of zinc and 2.1 billion lb of lead, a roughly 36 percent increase since a resource was calculated at the end of 2018. According to this new calculation, Pine Point hosts 52.4 million metric tons of inferred resource grading 4.64 percent zinc and 1.83 percent lead, which equates to 6.47 percent zinc-equivalent. This includes 47.9 million metric tons of surface...
Osisko Metals Inc. Oct. 21 announced the results of the first 26 holes from the company's fall drill program at the Pine Point zinc project in Northwest Territories. Cominco Ltd. (now Teck Resources) mined zinc-lead ore from a series of 50 surface and underground deposits along a 60-kilometer (37 miles) corridor at Pine Point from 1964 to 1988. Over the past couple of years, Osisko drilled 1,031 holes in and around historical resource areas along two parallel trends at Pine...
Osisko Metals Inc. Aug. 27 announced the start of a 5,000-meter fall drill program targeting expansion areas at its Pine Point zinc-lead project in the Northwest Territories. Cominco Ltd. (now Teck Resources) mined zinc-lead ore from a series of 50 surface and underground deposits along a 60-kilometer (37 miles) corridor at Pine Point from 1964 to 1988. Over the past couple of years, Osisko drilled 1,031 holes in and around historical resource areas along two parallel trends...
Osisko Metals Inc. May 22 reported the final batch of results from the 1,031 holes completed at Pine Point since the company began its initial drill campaign at the Northwest Territories zinc project early last year. Cominco Ltd. (now Teck Resources) mined zinc-lead ore from a series of 50 surface and underground deposits along a 60-kilometer (37 miles) corridor at Pine Point from 1964 to 1988. Osisko has identified four zones along this corridor – East Mill, Central and W...
Osisko Metals Inc. May 8 said that recent tests show that ore sorting shows the potential to reduce the costs to transport and process ore at a future mine at its Pine Point zinc project in Northwest Territories. Ore sorting, which identifies and rejects unmineralized rock prior to feeding ore into a mill, is gaining popularity as a means to improve ore grades and reduce processing costs at mines. Osisko sent 800 kilograms (0.8 metric tons) of mineralized samples from Pine Poi...
Osisko Metals Inc. May 1 reported assay results for an additional 100 holes drilled into X-65, a resource area within the North Zone of the Pine Point zinc project about 42 kilometers (26 miles) east of Hay River, Northwest Territories. Cominco Ltd. (now Teck Resources) mined zinc-lead ore from a series of 50 surface and underground deposits along a 60-kilometer (37 miles) corridor at Pine Point from 1964 to 1988. Osisko has identified four zones along this corridor – East M...
Osisko Metals Inc. April 24 said the latest round of results from its extensive drill program at Pine Point show the potential for continuous high-grade zinc mineralization between historically mined pits on the property. The Pine Point property, located roughly 42 kilometers (26 miles) east of Hay River, is the site of a historical mine operated by Cominco (now Teck Resources) from 1964 to 1988. During that time, Cominco mined zinc-lead ore from a series of 50 surface and...
Like many single-industry towns, once the well dries up, people seek greener pastures. However, the residents of a place many probably have never even heard of hold on to the remnants of their past. For them, it was an important and irreplaceable land, it was their home. Pine Point, Northwest Territories, was a town located 10 kilometers (6 miles) inland from the south shore of Great Slave Lake and 87 kilometers (54 miles) east of Hay River. Cominco Ltd. (now Teck Resources...
Osisko Metals Inc. April 4 reported results from an additional 34 drill holes drilled in the East Mill zone at the Pine Point zinc project in Northwest Territories. Located about 42 kilometers (26 miles) east of Hay River, Pine Point is the site of a historical mine operated by Cominco (now Teck Resources) from 1964 to 1988. During that time, Cominco mined zinc-lead ore from a series of 50 surface and underground deposits along a 60-kilometer (37 miles) trend. In all, Cominco...
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...
With a vision to become a leading base metals mining company, Osisko Metals Inc. is rapidly adding to the stores of zinc at its Pine Point project about 42 kilometers (26 miles) east of Hay River, Northwest Territories. Cominco (now Teck Resources) produced an estimated 14 billion pounds of zinc and 4 billion lb of lead from around 64 million metric tons of ore averaging about 10 percent zinc-lead from a mine operated at Pine Point from 1964 to 1988. The near-surface ore was...
