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 116
Sabina Gold & Silver Corp. Jan. 7 provided final results from the 2018 drill program at the company's Back River gold project in Nunavut, including holes that further expanded the Nuvuyak discovery. In 2018, Sabina completed 22,500 meters of diamond drilling, including a 16,500-meter summer program largely focused on the new high-grade discovery at Nuvuyak, as well as advancing additional high priority targets at Goose, one of five mineral properties that comprise the larger...
Sabina Gold & Silver Corp. Dec. 21 reported that it has raised C$28.1 million, money that will be used to continue early mine development activities at the company's Back River gold project in Nunavut. The bought deal financing involved the issuance of 21.09 million Sabina shares at $1.20 each for C$25.31 million. This total includes 2.32 million being issued to Zhaojin International Mining Co., a China-based investor in Sabina that elected to exercise its participation right...
Sabina Gold & Silver Corp. Dec. 4 reported that it continues to blaze a clear path to production at its Back River gold project in Nunavut. A 2015 feasibility study details plans for developing three deposits at Goose, one of seven properties that make up Sabina's larger Back River project. Ore from these deposits would feed a 3,000-metric-ton-per-day mill forecast to produce an average of 198,100 ounces of gold per year over an 11.8-year mine. This year, Sabina has completed...
New gold mines are expected to drive strong economic growth in Nunavut and Yukon over the next several years, according to the latest Territorial Outlook published by The Conference Board of Canada. The non-profit think tank focused primarily on researching and analyzing economic trends, however, forecasts a shrinking economy for Northwest Territories as the diamond sector there matures. Despite a tepid recovery for the mining sector as a whole, the new mines being developed...
Sabina Gold & Silver Corp. Nov. 15 announced receipt of Type A Water License for Back River, the final major license needed to begin developing a gold mine project in Nunavut. According to a 2015 feasibility study, the 3,000-metric-ton-per-day mine operation being considered for Goose, one of seven properties that make up the larger Back River project, that would average 198,100 ounces of gold per year over an 11.8-year mine life at a cost of US$534 per ounce. The mine would...
Sabina Gold & Silver Corp. Oct. 22 said drilling continues to expand the Nuvuyak discovery, situated about 1,000 meters west of the Goose main deposit at the company's Back River gold project in Nunavut. The Nuvuyak discovery hole, reported by Sabina in August, cut 39.5 meters of 11.58 grams per metric ton gold in a strongly quartz veined, altered and mineralized iron formation sequence with strong similarities to the high-grade Umwelt "Vault" zone. A follow-up hole at...
Sabina Gold & Silver Corp. Sept. 4 announced that it has received the first sealift to its new Back River marine laydown area, a critical infrastructure component to facilitate transportation of equipment and supplies to the Back River gold mine project in Nunavut. This ability to transport goods to Back River via barge to the laydown area and then a roughly 150-kilometer- (93 miles) long ice road to the mine site provides more efficiency in supporting exploration and...
Sabina Gold & Silver Corp. Aug. 20 reported a significant new gold discovery, the Nuvuyak zone, about 1,000 meters west of the Goose main deposit at the company's Back River gold project in Nunavut. Hole 18GSE545 cut 39.5 meters of 11.58 grams per metric ton gold at Nuvuyak, a target hosted in a strongly quartz veined, altered and mineralized iron formation sequence, and has a number of strong similarities to the high-grade Umwelt "Vault" zone. Sabina said this successful...
Sabina Gold & Silver Corp. July 5 reported the start of a 10,000-meter summer drill program at the Goose Property on the company's Back River gold project in Nunavut Following a 6,000-meter spring program, the key focus of the summer drilling is to follow up on the previous success at the Umwelt "Vault" and the Llama Extension targets, as well as further testing of the Goose Main extension target (Nuvuyak). This drilling is complimented with a series of field exploration...
Mining is expected to fuel strong economic growth in Nunavut and Yukon in the coming years, according to The Conference Board of Canada's latest Territorial Outlook. "With many new mining projects on the horizon in Nunavut and Yukon, growth is expected to take off over the next five years," said Marie-Christine Bernard, director, provincial and territorial forecasting, The Conference Board of Canada. The conference board's outlook for Northwest Territories, however, is not...
Sabina Gold & Silver Corp. and the Kitikmeot Inuit Association April 23 announced that they have entered into 20-year benefit and land tenure agreements that lay out Sabina's rights and obligations with respect to surface land access on Inuit owned land on the Back River gold project in Nunavut. Incorporated in 1976 to represent and promote the interests of the Inuit people in the Kitikmeot region of Nunavut, the Kitikmeot Inuit Association (KIA) has a mandate to "manage...
Sabina Gold & Silver Corp. April 9 reported that the spring drill program has cut long sections of high-grade gold below the current resource at its Back River gold project in Nunavut, Canada. The roughly 6,000 meters of drilling planned for this spring is testing targets at the Goose property – Llama Extension, Umwelt Vault, and the relatively untested DIF (deep iron formation) horizon – that could have a high impact on the mine being developed at Back River. In 2015, the...
Sabina Gold & Silver Corp. March 13 reported results from an "exceptional" 2017 and said it is looking forward to finalizing the permitting for Back River and completing pre-development work at the gold mine project in Nunavut. In December, the Minister of Indigenous and Northern Affairs Canada accepted a recommendation by the Nunavut Impact Review Board (NIRB) to advance Back River gold to the regulatory and licensing phases. "2017 was an exceptional year for Sabina," said...
Sabina Gold & Silver Corp. Feb. 13 announced plans to invest C$83 million on high-value exploration and pre-development infrastructure improvements at its Back River gold mine project in Nunavut. “2018 will be a significant year for the company as our work programs continue to advance Back River towards production as well as continue to focus on high value exploration targets at the Goose property,” said Sabina Gold President and CEO Bruce McLeod. “In addition, we have developed discretionary activities that are based on ce...
Sabina Gold & Silver Corp. Jan. 22 announced the closing of a C$66.1 million financing that involved Zhaojin International Mining Co. acquiring 24.93 million Sabina Gold shares at C$2.65 each. As a result of this investment, the China-based gold mining company owns roughly 9.9 percent of Sabina’s issued and outstanding common shares on a non-diluted basis. Zhaojin International is a subsidiary of Zhaojin Mining Industry Co., a leading Chinese gold producer and one of China’s largest gold smelting companies. Sabina will app...
Sabina Gold & Silver Corp. Dec. 20 reported that the Nunavut Impact Review Board has issued the final project certificate for Back River, allowing the company to advance the gold mine project through the final licensing and permitting stage. Sabina submitted the original environmental impact statement for a 3,000-metric-ton-per-day mine at Back River project late in 2015. NIRB recommended to the Minister of Indigenous and Northern Affairs Canada not to advance the project through permitting. After reviewing the...
Canada is the world's top destination for mining exploration spending, attracting more than 14 percent of global budgeted expenditures from explorers seeking to tap the country's vast mineral wealth. Yet in 2017, the three huge mineral-rich territories to the north, Nunavut, Northwest Territories and Yukon Territory, lured only about C$360 million, or less than one-fifth of the roughly $2.1 billion that junior and senior mining companies invested in mineral exploration and dep...
It's been nearly 10 years since Sabina Gold and Silver Corp. began exploring the Back River property in western Nunavut. But the decade-long pursuit of gold in this remote stretch of the Canadian territory could pay off big for the junior as the project enters the final stages of development Back River is one of several advanced projects being propelled toward first gold in Nunavut, but its relative isolation from infrastructure and historic gold mining makes it unique among p...
Nunavut is a vast and minerals-rich swath of the Earth's crust and Nunavummiut, or the people who live there, see mining as the foundation of the territory's future. "The mining industry brings employment and career opportunities for residents of Nunavut and provides much-needed economic benefits to families where the cost of living is high," said Nunavut Minister of Economic Development and Transportation Monica Ell-Kanayuk. To create the conditions for a strong mining...
Sabina Gold & Silver Corp. Jan. 13 said the Minister of Indigenous and Northern Affairs Canada, has determined that the Back River gold project should be returned to the Nunavut Impact Review Board for further consideration. Late in 2015, Sabina submitted an environmental impact statement for a 3,000-metric-ton-per-day mine focused on Goose, one of the properties that comprise the larger Back River project, to NIRB. In June, the review board recommended that INAC Minister Carolyn Bennett not advance Back River to the next...
Sabina Gold & Silver Corp. Feb. 27 reported that the Nunavut Impact Review Board has accepted and begun reviewing an addendum to the final environmental impact statement for the Back River gold project. Sabina submitted the original environmental impact statement for a 3,000-metric-ton-per-day mine focused on Goose, one of several properties that comprise the Back River project, for permitting late in 2015. In June, the Nunavut Impact Review Board recommended to the Minister of Indigenous and Northern Affairs Canada not to...
Silver Range Resources Ltd. June 22 provided an update on work at its South Kitikmeot gold project, which includes seven properties between Sabina Gold & Silver's Back River Project west to the historical Lupin Mine in Nunavut. In May, Silver Range completed ground geophysical surveys over the Billie and Holliday Zones at the Uist property. These zones were identified by Silver Range in 2016, where surface samples returned grades as high as 64 grams per metric ton gold. A magnetic survey mapped an iron formation on the...
Sabina Gold & Silver Corp. Sep. 5 reported that the 10,000-meter resource expansion drill program is tapping high-grade extension of the Lama structure on the Goose property at its Back River gold project in Nunavut. One such hole, 17GSE516B, cut 38.55 meters averaging 9.48 g/t gold within a strongly altered and mineralized lower iron formation package that is part of the continuation of the Llama structure. This intercept is approximately 160 meters down plunge from 17GS513, reported earlier this year, which cut 8.3 meters...
Sabina Gold & Silver Corp. Feb. 7 announced a base budget for 2017 of around C$8.5 million, which will be used primarily for permitting activities but will also include some exploration at its Back River gold project in Nunavut. Late in 2015, Sabina submitted an environmental impact statement for a 3,000-metric-ton-per-day mine focused on Goose, one of several properties that comprise the larger Back River project, for permitting. The Nunavut Impact Review Board originally...
Sabina Gold & Silver Corp. Dec. 29 said a federal decision on its Back River gold project in Nunavut has been postponed to sometime in 2017. Late in 2015, Sabina submitted an environmental impact statement for a 3,000-metric-ton-per-day mine focused on Goose, one of the properties that comprise the larger Back River project, to the Nunavut Impact Review Board. In June, NIRB recommended that the Minister of Indigenous and Northern Affairs Canada not advance Back River to the...
