The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Strategic Metals Ltd., surely the most active project generator in northern Canada, recently reported substantial mineral exploration and transaction activities in 2022 and early 2023. This includes an update in January on exploration at Mount Hinton, a gold-silver project in Yukon's Keno Hill District that lies immediately southeast of Hecla Mining Company's Keno Hill Silver Mine, 35 kilometers (22 miles) southeast of Victoria Gold's Eagle Mine, and 25 kilometers (16 miles)...
Rockhaven Resources Ltd. Jan. 30 announced additional assay results from the 2022 exploration program at Klaza, including one 1.2-meter intercept averaging 43.2 grams per metric ton gold and 137 g/t silver. The 2022 program utilized two diamond drill rigs that completed a total of 12,042 meters of drilling in 69 holes. Focusing on advancing Klaza toward an updated mineral resource estimate and prefeasibility study through definition and expansion drilling, the first batch of...
Though effects of the COVID-19 pandemic lingered, mineral explorers rushed to the Yukon like moths to a flame during 2022. Mining's most daring sector rallied to generate the busiest field season seen in Canada's westernmost territory in years. In June, Natural Resources Canada projected mineral exploration and deposit appraisal spending in Yukon during 2022 to total C$157.9 million, up 14.5% from C$135.1 million estimated for 2021 and nearly double C$83.6 million in 2020....
Rockhaven Resources Ltd. Jan. 18 announced the first assay results from its 2022 exploration program at Klaza that push the company closer to an updated mineral resource estimate and pre-feasibility study for this gold-silver project in the Yukon. According to the most recent resource calculation, Klaza hosts 4.46 million metric tons of indicated resource averaging 4.8 grams per metric ton (686,000 ounces) gold, 98 g/t (14.1 million oz) silver, 0.7% (73.3 million pounds)...
Toward the goal of advancing Klaza to the prefeasibility stage, Rockhaven Resources Ltd. completed 12,042 meters of drilling in 2022, focused primarily on upgrading as much inferred resource to the indicated category. "We anticipate the completion of the fully-funded pre-feasibility study by mid-2023," said Rockhaven Resources President and CEO Matthew Turner. "Thanks to the hard work of our crews and contractors, we were able to stay within budget and accommodate an extra...
Rockhaven Resources Ltd. Oct. 12 announced the completion of its 2022 exploration program at Klaza to upgrade as much inferred resource to indicated for the forthcoming prefeasibility study. Utilizing two diamond drill rigs, Rockhaven completed 12,042 meters of drilling in 69 holes focused on advancing Klaza toward prefeasibility by achieving the following objectives: • Further defining resources – 43 holes were completed to assist in upgrading inferred resources to the ind...
Rockhaven Resources Ltd. July 21 reported the start of a 10,000-meter drill program at its Klaza gold-silver project in the Yukon. Found in the Dawson Range Gold Belt of southern Yukon, the Klaza property covers an area of 25,000 hectares (61,776 acres) and is road-accessible from the nearby Klondike Highway. A 2020 preliminary economic assessment outlined plans for a mine at Klaza that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over 12 years...
Rockhaven Resources Ltd. March 16 announced the final assay results from the 2021 exploration program at its road-accessible Klaza property, located in the Dawson Range Gold Belt in southern Yukon, Canada. A 2020 preliminary economic assessment for Klaza outlines plans for a mine that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over 12 years. After drilling a total of 14,256 meters in 72 holes during the summer and fall of 2021, the last batch...
Rockhaven Resources Ltd. Mar. 7 announced additional assay results from the 2021 exploration program at its road-accessible Klaza property, located in the Dawson Range Gold Belt of southern Yukon. Based on a 2020 preliminary economic assessment for Klaza, the project outlines plans for a mine that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over 12 years. During the summer and fall of 2021, Rockhaven drilled a total of 14,256 meters in 72 holes....
Rockhaven Resources Ltd. Feb. 7 said the latest batch of assay results from the 2021 drill program at Klaza show the potential to expand and upgrade the resource within Western BRX Zone on the gold-silver property in southern Yukon. A 2020 preliminary economic assessment for Klaza outlines plans for a mine that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over 12-years. This scoping level study is based on 4.46 million metric tons of indicated res...
Focused on both collecting the data to support a prefeasibility study for establishing a mine at Klaza and testing high-priority targets outside the current mineral resources, Rockhaven Resources Ltd. completed 14,256 meters of infill and expansion drilling at its road-accessible gold-silver project in southern Yukon. A 2020 preliminary economic assessment for Klaza outlines plans for a mine that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over...
Mining exploration and production activity soared in Yukon Territory in 2021 thanks to high metals prices, pro-industry government policies, and mounting successes in the field. Bouncing back from some of the most challenging working conditions in modern history due to the COVID-19 pandemic, placer and hardrock miners stepped up the pace of their activities, posting record production numbers and promising exploration results. With the rollout of COVID vaccines and the prospect...
Rockhaven Resources Ltd. Dec. 15 reported results from the first 29 of 72 holes drilled this year at Klaza, a road-accessible gold-silver project in southern Yukon. The 14,256-meter 2021 drill program at Klaza included resource expansion and upgrade drilling that will provide information to support a mine prefeasibility study, as well as exploration drilling to test targets outside of the known mineral resource areas. A 2020 preliminary economic assessment for Klaza outlines...
Rockhaven Resources Ltd. Nov. 3 reported the successful completion of a 72-hole diamond drill program at its road-accessible Klaza gold-silver project in the Dawson Range Gold Belt of southern Yukon. Originally slated to be 12,000 meters, the 2021 program at Klaza was expanded to 14,256 meters of drilling that included 11 resource expansions, 31 resource upgrades, and 30 exploration holes. A 2020 preliminary economic assessment outlines plans for a mine at Klaza that would...
Rockhaven Resources Ltd. Aug. 19 announced major changes to its board of directors, management, and technical team that reflect a transition toward prefeasibility and permitting at the company's Klaza gold-silver project in the Yukon. A preliminary economic assessment completed last year outlines plans for a mine at Klaza that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over 12-years. This scoping level study is based on 4.46 million metric tons...
Rockhaven Resources Ltd. May 12 outlined plans for 12,000 meters of resource upgrade and exploration drilling for its road-accessible Klaza gold-silver project in southern Yukon. A preliminary economic assessment completed last year outlines plans for a mine at Klaza that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over 12-years. This scoping level study is based on 4.46 million metric tons of indicated resource averaging 4.8 grams per metric...
Rockhaven Resources Ltd. Feb. 18 announced that its 2020 drilling tapped new bonanza grade gold-silver encountered during a 2020 drill program targeting areas that lie outside the already defined deposit on its road-accessible Klaza project about 50 kilometers (31 miles) west of Carmacks, Yukon. A preliminary economic assessment completed last year outlines plans for a mine at Klaza that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over a 12-year...
From the first glimpse of a potential new discovery to watching the first load of ore pour into a new mill, mineral explorers working in Yukon Territory during 2020 reported experiencing the full gamut of mining highs. Encouraged by the commissioning of the Eagle Gold Mine, government grants for exploration projects, and metals prices, dozens of juniors rushed to the Yukon to chase prospects in the northern territory. "Based on the historic trends, coming into 2020, it looked...
Rockhaven Resources Ltd. is advancing its high-grade Klaza gold-silver project in southwestern Yukon towards permitting and development. A preliminary economic assessment completed mid-2020 envisions a mine at Klaza that would produce roughly 750,000 ounces gold and 13.8 million oz silver over a 12-year mine life. The Klaza mine outlined in the PEA is calculated to generate a post-tax net present value (at a 5% discount) of C$378 million and a 37% internal rate of return. The...
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...
Coeur Mining Inc. invested heavily in exploration during 2020, including robust programs at its Kensington gold mine in Alaska and Silvertip mine project in British Columbia. After investing US$21 million in exploration at six projects in the U.S., Canada, and Mexico during the first half of the year, the Chicago-based miner increased its total 2020 exploration budget to US$54 million. "We significantly increased our investment in exploration to test these targets in 2020,...
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...
Rockhaven Resources Ltd. Dec. 12 reported that initial assay results from its 2019 drill program at Klaza show the potential to add high-grade gold and silver to the resource already outlined at this road accessible project 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 4.5 million metric tons of indicated resource averaging 4.8 grams per metric ton (686,000...
Coeur Mining Inc. entered 2019 with more silver reserves at higher grades, thanks to a maiden reserve calculation for Silvertip, a northern British Columbia silver mine the company acquired in 2017. While this newly built mine came with a rich resource base, a technical report and mine plan to elevate the high-grade silver resources to reserves had yet to be completed. With the information gleaned from a rigorous drill program, by the end of 2018 Coeur had converted some 58...
A combination of exploration and acquisition substantially boosted Coeur Mining Inc.'s precious metals reserves and resources in 2018. The Chicago-based miner entered the year with 335.8 million silver-equivalent ounces in proven and probable reserves, a 10 percent increase from the beginning of 2017. The silver-equivalent reserves accounts for the value of both the silver and gold at its five operating mines – Palmarejo (Mexico), Rochester (Nevada), Kensington (Alaska), W...
