The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Rockhaven Resources Ltd. Jan. 13 announced the discovery of a new vein complex at its Klaza gold-silver property in southern Yukon. Located on placer gold mining roads about 50 kilometers (31 miles) west of Carmacks, Klaza is an advance staged exploration project that hosts 4.46 million metric tons of indicated resource averaging 4.8 grams per metric ton (686,000 oz) gold and 98 g/t (14.1 million oz) silver; plus 5.71 million metric tons of inferred resource averaging 2.8 g/t...
Rockhaven Resources Ltd. July 13 released the results of a preliminary economic assessment for a mine at its Klaza project in southern Yukon that could economically produce roughly 750,000 ounces gold and 13.8 million oz silver over a 12-year mine life. Based on US$1,450/oz gold, US$17/oz silver, and a C$1 to US72 cent exchange rate, the Klaza mine outlined in the PEA would generate a post-tax net present value (at a 5% discount) of C$378 million and a 37% internal rate of...
Like a gong proclaiming the end of the long and arduous bear market for North of 60 mining explorers, the May 12 news that Goldcorp Inc. would buy Kaminak Gold Corp. for roughly C$500 million reverberated from Yukon Territory throughout the North. While the rich lure of developing a mine at Kaminak's robust Coffee gold project lured Goldcorp to the Yukon, it was the exploration potential and the ability to permit and build a mine that convinced the producer to expand into the...
Unlike its neighbors in the North, the Yukon Territory is forecasting a marked increase in exploration in 2014. While well shy of the roughly C$300 million invested in exploration in 2011, the peak of the modern Yukon gold rush, the C$65 million forecast to be invested on exploration in the Yukon during 2014 is roughly a 45 percent leap over last year. This exploration spending is dominated by an aggressive drill program at the Selwyn zinc project, situated in an area of...
