The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 101 - 125 of 204
Seabridge Gold Inc. Aug. 21 announced that a 3,000-meter drill program is now underway at Quartz Rise, a high-grade gold target on the company's Iskut project in northwestern British Columbia. Situated about 30 kilometers (19 miles) west of Seabridge's enormous KSM gold-copper project, Iskut was acquired by the company in 2016. Integrating extensive historical data with results from Seabridge's 2016 work, the company believed a gold-bearing intermediate sulfidation epithermal...
Pretium Resources Inc. June 18 reported that two long holes drilled from the underground workings at it Brucejack Mine confirm the presence of Brucejack-style mineralization starting from the eastern edge of the Valley of the Kings, the high-grade gold deposit currently being mined, to beneath Flow Dome, a gold zone about 1,000 meters east. Surface drilling encountered bonanza grade gold at Flow Dome in 2015. Highlights from that program include 2.05 meters of 2,100 grams...
Golden Predator Mining Corp. June 21 named globally recognized geological experts Richard Goldfarb, Lance Miller, Craig Hart and Bill Threlkeld to the company's newly formed exploration management council. These founding members bring vast experience in the geology of the Northern Cordillera – a metals rich volcanic province that extends through British Columbia, Yukon and Alaska – to the council. This council will assist Golden Predator management and field staff in rev...
Seabridge Gold Inc. June 5 announced the start of a C$19.7 million exploration program at its KSM copper-gold project in northwestern British Columbia. Two rigs are currently turning on the property and three will be added when snow conditions permit. In total, Seabridge plans to complete 28,000 meters of drilling and surface work at KSM this year. The primary objective of this program is to expand Iron Cap, a large gold- and copper-rich deposit that is gaining a prominent...
Seabridge Gold Inc. May 4 announced that it raised C$19.7 million to fund 2018 exploration at its KSM gold-copper project in northwestern British Columbia. "This year's exploration program at KSM will follow up on the tremendous success we achieved last year at KSM's Iron Cap deposit where inferred gold resources increased by 302 percent, to 20 million ounces, and inferred copper resources increased by 379 percent, to 8.6 billion pounds," said Seabridge Chairman and CEO Rudi F...
Seabridge Gold Inc. May 9 said the winter drilling at its Courageous Lake has identified two new gold zones, Olsen and Marsh Pond, that could add additional higher grade resource to this large gold project in Northwest Territories. Located about 240 kilometers (150 miles) northeast of Yellowknife, the Courageous Lake property covers most of the 53-kilometer- (33 miles) long Mathews Lake Greenstone Belt, which hosts the FAT (Felsic-Ash-Tuff) and Walsh Lake deposits. The FAT...
Tudor Gold Corp. said it has identified a new high-priority exploration target at Treaty Creek that appears to be related to the Iron Cap Deep discovery on Seabridge Gold Inc.'s KSM property in the Golden Triangle region of northwestern British Columbia. A 13,722-meter drill program carried out at Treaty Creek last year defined a 1,000-meter long zone of gold-enriched porphyry mineralization at its Copper Belle target. The best hole of the program cut 149.1 meters grading...
Seabridge Gold Inc. Feb. 20 reported the start of a planned 7,200-meter drill program at its Courageous Lake gold project in Northwest Territories. This 36-hole program will test seven separate targets along a geophysical and stratigraphic break that hosts the Walsh Lake deposit, discovered by Seabridge in 2012. Located about 240 kilometers (150 miles) northeast of Yellowknife, the Courageous Lake property covers most of the 53-kilometer- (33 miles) long Mathews Lake Greenston...
Seabridge Gold Inc. Feb. 13 announced a significant increase in both the size and grade of Iron Cap, one of four large gold-copper porphyry deposits at the company's KSM project located in northwestern British Columbia. In fact, the amount of gold in the inferred resource category at Iron Cap is now at 20 million ounces, a 302 percent increase over the 5 million oz in a resource calculated in 2016. Likewise, the amount of copper in inferred resources now stands at 8.6 billion...
Seabridge Gold Inc. Jan. 31 said the results from the 2017 drill program at Iron Cap – one of four deposits that make up the company's KSM project in northwestern British Columbia – encountered long sections of copper-gold mineralization. The success of this drilling, coupled with the deposit's proximity to proposed mine infrastructure, has Seabridge considering the potential of mining Iron Cap ahead of the massive Mitchell and Kerr deposits. The four at KSM – Kerr, Sulph...
Seabridge Gold Corp. Jan. 8 reported plans for a 36-hole drill at its Courageous Lake gold project in Northwest Territories. The planned 7,200-meter program, which is slated to begin in February, will test seven targets along a geophysical and stratigraphic break that hosts the Walsh Lake deposit. With 6.5 million oz. of gold in 91 million metric tons averaging 2.2 grams per metric ton gold, Courageous Lake hosts one of the largest undeveloped gold reserves in Canada. In...
Seabridge Gold Inc. April 28 announced the closing of a C$22 million flow-through financing. As a result, Seabridge issued 1.1 million flow-through shares at C$20 each, which is a 27.7 percent premium to the closing price on the day the offering was announced. Under Canada's Income Tax Act, a flow-through financing allows mineral exploration companies to transfer their exploration expenses to individual investors that purchase the shares. Most exploration companies do not generate revenues, so they do not need the tax write...
Raising C$37.7 million early in 2017, Seabridge Gold Inc. has plenty of cash for robust exploration at its KSM and Iskut projects in northwestern British Columbia. Four of the zones at KSM - Kerr, Sulphurets, Mitchell and Iron Cap - encompass 2.2 billion metric tons of proven and probable reserves averaging 0.55 grams per metric ton (38.8 million ounces) gold, 0.21 percent (10.2 billion pounds) copper, 2.6 g/t (183 million oz) silver, and 42.6 parts per million (207 million...
With world-class mineral deposits, paved roads and commercial power, northern British Columbia is considered by many as a great place to achieve a mining explorer's ultimate goal – find a mine. "The geology has been great up there for 100 million years, but it has only been the last five that we have had run-of-river (hydro-electric) projects, dams – literally billions of dollars of new infrastructure," said Colorado Resources Ltd. President and CEO Adam Travis. The start of... Full story
From a major investment by Goldcorp Inc. to bonanza-grade gold intercepts at its KSP property in northern British Columbia, 2017 has been a golden year for Colorado Resources Ltd. In August, Goldcorp Inc. made a strategic investment that gave the major a roughly a 14 percent interest in Colorado, a stake that could increase to around 19 percent if the major exercises all of the Colorado warrants it holds. This investment was part of a larger financing completed by Colorado....
Pretium Resources Inc. reached commercial production at its bonanza grade Brucejack gold mine on July 3, making it the newest operator in British Columbia's Golden Triangle. The ramp up to commercial operations went smoothly for the new miner. During commissioning in June and grade ramp-up in July a total of 25,392 ounces of gold were produced from low-grade stockpiles and development muck; plus ore introduced to the mill in July. The process plant averaged 2,699 metric tons...
Colorado Resources Ltd. May 11 said it has made a final cash payment of C$150,000 and completed C$6 million of work at KSP, satisfying an agreement with SnipGold Corp., a subsidiary of Seabridge Gold Inc., to earn an initial 51 percent interest in the northern British Columbia gold property, a stake it hopes to increase to 80 percent by the end of the year. After completing a detailed review of the 2016 exploration results in the context of updated geological, geochemical and geophysical data, Colorado has budgeted C$4...
Seabridge Gold June 21 reported that it is set to begin drilling two highly prospective targets at KSM - the down plunge projection of the Lower Iron Cap zone and a new target that could represent a fifth, higher grade deposit at this enormous gold-copper project in northwestern British Columbia. Both targets were discovered in IC-16-62, the last hole drilled in the 2016 drill program. The company plans to complete around 8,750 meters in 10 holes to test these targets. "This is the twelfth successive season we have drilled at...
Seabridge Gold Inc. July 10 said it is has nearly completed a surface sampling and geophysics to establish locations for an 8,500-meter drill program about to get underway at its Iskut gold project in northwestern British Columbia and drilling. The focus of this work is on the Quartz Rise target identified last year. Over the past several months, Seabridge has compiled considerable historical data and integrated it into the results from the company's 2016 program....
Colorado Resources Ltd. July 10 reported the start of 7,500-meter initial phase of drilling targeting the Inel zone at its KSP property in the Golden Triangle region of northwestern British Columbia. This drilling will focus on areas to the west and north of the area drilled at the Inel target last year. One hole drilled at Inel last year cut 52 meters averaging 4.93 grams per metric ton gold and 2.7 percent zinc; including a two-meter intercept with 89.1 g/t gold and 2.3 percent zinc. Colorado said that many of the 2016... Full story
Colorado Resources Ltd. Aug. 4 announced that Goldcorp Inc. is making a strategic investment that will give the major a roughly 14.25 percent interest in the explorer. At the same time, Colorado has cut a deal with Seabridge Gold Inc. to acquire full ownership of the KSP copper-gold project in northern British Columbia. "This is one of the most important milestones in Colorado's eight-year history," said Colorado President and CEO Adam Travis. "Goldcorp's investment will not...
Seabridge Gold Inc. Nov. 8 reported that the final three holes of its 2017 program targeting the plunge projection of the Iron Cap Deposit cut very long runs of some of the highest metal values found to date at KSM. These intercepts include 699.8 meters of 0.87 grams per metric ton gold, 0.51 percent copper and 2.4 g/t silver in hole IC-17-71; 858.1 meters of 0.86 g/t gold, 0.51 percent copper and 2.4 g/t silver IC-17-72; and 379.4 meters of 0.33 g/t gold 0.35 percent copper...
Seabridge Gold Inc. Nov. 21 said Canada's National Contact Point, an interdepartmental committee chaired by Global Affairs Canada, has concluded that a complaint it received regarding aspects of the environmental assessment review process for the world-class KSM gold-copper project in northwestern British Columbia did not merit further examination and its file has now been closed after only the initial assessment level of review. The complaint came from Southeast Alaska...
Seabridge Gold Oct. 3 reported more long intercepts of gold and copper at the Lower Iron Cap deposit at its KSM project in northwestern British Columbia. One hole testing the down-plunge projection of Iron Cap cut 491 meters averaging 0.98 grams per metric ton gold and 0.6 percent copper. Seabridge said long runs of higher grades continue to support revisions to the KSM's mine plan which could substantially improve project economics. "Iron Cap is permitted as a block cave and...
Seabridge Gold Inc. Sep. 6 said results from the first five holes drilled this year into the Iron Cap deposit at its KSM copper-gold project in northwestern British Columbia indicate that significant changes to the project's mine plan could be warranted. Four of the holes have long intercepts with gold grades above one gram per metric ton. "We see the potential to make another substantial improvement to KSM's projected economics if we can grow the gold-rich Iron Cap deposit....
