The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 126 - 150 of 204
Seabridge Gold Inc. April 19 announced the closing of a C$15.73 million financing. The company plans to use the proceeds of this public offering to continue exploration and other programs at its KSM and Iskut projects in the Golden Triangle region of Northwestern British Columbia and for general corporate purposes. Four of the zones at the KSM project - Kerr, Sulphurets, Mitchell and Iron Cap - contain 2.2 billion metric tons of proven and probable reserves averaging 0.55 grams per metric ton (38.8 million oz.) gold, 0.21...
Seabridge Gold Inc. Sept. 19 provided results of an updated preliminary feasibility study for its KSM copper-gold project in northwestern British Columbia. The 2016 PFS incorporates many design improvements over the 2012 PFS and the updated financial projections confirm that KSM is an economic project at current metal prices. The PFS envisions a combined open-pit/underground block caving operation with a 53-year mine life. During the first 33 years, the majority of ore would be derived from open-pit mines with the tail end...
Seabridge Gold Inc. Oct. 18 reported that one hole drilled this summer successfully found the depth extension of the higher grade core of the Iron Cap zone while also discovering a previously unknown deposit with initial gold and copper grades among the best drilled so far at the KSM project in northwestern British Columbia. Hole IC-16-62 was collared well north of previous drilling in an area covered by rubble and ice which had prevented surface mapping and geophysical surveys. The hole targeted the Iron Cap Lower zone...
Pretium Resources Inc. is on pace to fire up operations at its bonanza grade Brucejack gold project in the fourth quarter of 2017. Upon reaching commercial production, the high-grade underground operation at Valley of the Kings is expected to produce 7.27 million ounces of gold over an 18-year mine life, or roughly 404,000 oz. of the precious metal annually, according to a feasibility study completed in 2014. Aiming to upgrade the confidence of resources to be mined during the first three years of operation, the company...
Colorado Resources Ltd. owns or has options on five properties that blanket more than 1,000 square kilometers of northwestern British Columbia. The junior’s 2016 exploration focused primarily on KSP, a property the company is optioning from Seabridge Gold Inc. (Seabridge acquired the property as part of its June purchase of SnipGold Corp.) In June, Colorado kicked off drilling at the Inel zone at KSP, where the company’s surface geological work, along with a review of historical drill logs, indicate at least three more tha...
Seabridge Gold Inc. has a straightforward strategy for exploring its projects in British Columbia and Northwest Territories – transform paper currency into gold. "At Seabridge, we like to think of ourselves as modern alchemists – turning cash into gold," Seabridge Chairman and CEO Rudi Fronk explained during an August interview with The Gold Report. "Over the (p)ast 17 years, we have used cash from our shareholders to fund acquisitions and exploration of gold projects in Canad...
When judging the health of global mineral exploration, British Columbia seems to be the perfect model. In 2015, roughly C$272 million was invested in discovering and delineating mineral deposits in B.C., down some C$66 million from 2014. This 19.5 percent drop is in lockstep with the decline in global mineral exploration budgets for the same period, according SNL Metals & Mining's World Exploration Trends report. Likewise, B.C. exploration decreased about 60 percent from the...
Alaska’s congressional delegation is once again eliciting greater Obama Administration involvement in the potential development of numerous mines being considered on northwestern British Columbia waterways that drain through Southeast Alaska. “Like most Alaskans, we strongly support responsible mining, including mines in Southeast Alaska, but Alaskans need to have every confidence that mining activity in Canada is carried out just as safely as in our state,” the trio of Alask...
Colorado Resources Ltd. Dec. 29 reported the closing of a C$950,000 financing that involved the issuance of 3.8 million flow-through units at C25 cents each. Each unit consists of one flow-through common share and a warrant that entitles the holder to purchase one non-flow-through Colorado share for C40 cents until Dec. 29, 2017. 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...
KSM, an enormous gold-copper project in northwestern British Columbia, has received a federal license for water management facilities located on Mitchell and Sulphurets creeks, tributaries of the trans-boundary Unuk River system that flows through Southeast Alaska. "This important permit highlights the government of Canada's continued support for the environmental standards incorporated into our design of the KSM project," said Rudi Fronk, chairman and CEO, Seabridge Gold, the company that is advancing KSM. The issuance of...
Seabridge Gold Inc. Nov. 15 said the final three holes drilled this year at Deep Kerr successfully filled in the gaps required to support a southern extension of this exciting higher grade deposit at the KSM project in northwestern British Columbia. The five holes completed in 2016 are expected to expand the known resource about 500 meters along strike to the south at grades consistent with the deposit's inferred resource. Over the past three years, Seabridge's exploration...
Seabridge Gold Inc. Oct. 11 reported the receipt of permits necessary to develop an exploration adit into the Deep Kerr Deposit at its KSM Project in northwestern British Columbia. The proposed 2,100 meter long adit is designed to facilitate cost-effective underground drilling of the Deep Kerr Deposit. The adit would be collared in the Sulphurets Valley at the base of Kerr Mountain, declining at a 12 percent grade parallel to the footwall of the Kerr deposit, allowing access...
Seabridge Gold Inc. Aug. 30 said results from the first two core holes drilled this year into the Deep Kerr deposit indicate an increase in the potential mining rate from the proposed underground block cave shapes for the copper-gold deposit at the KSM project in northwestern British Columbia. In March, Seabridge published an updated resource estimate for Deep Kerr of 1.01 billion metric tons of inferred resource grading 0.53 percent (11.8 billion pounds) copper and 0.35 g/t (...
Seabridge Gold Inc. Aug. 15 said it has begun a 3,000-meter drill program at its newly acquired Iskut gold project in northwestern British Columbia. This initial phase of drilling is designed to help determine controls on gold mineralization for several known occurrences including past high-grade producers. "In our view, Iskut could host extensive district-scale porphyry-style mineral systems similar to our nearby KSM project. However, at Iskut, unlike at KSM, these systems...
Colorado Resources Ltd. Aug. 8 reported that it has already completed 5,482 meters of drilling in 40 holes this year at the KSP gold-silver property in northwestern British Columbia and drilling continues. Colorado is working toward earning up to an 80 percent interest in KSP from Seabridge Gold Inc., which recently acquired the property as part of its purchase of SnipGold Corp. Though Colorado has met its 2016 work commitments, the company is continuing work towards earning a...
Colorado Resources Ltd. July 18 posted results from eight holes drilled at the Inel zone on the KSP property under option with Seabridge Gold Inc. Highlights from the drilling include: INDDH16-001 cut 11 meters averaging 6.12 grams per metric ton gold, 45.74 g/t silver and 2.18 percent zinc; INDDH16-002 cut 5.6 meters averaging 6.27 g/t gold, 2.79 g/t silver and trace zinc; and INDDH16-006 cut 5.4 meters averaging 5.7 g/t gold, 10.11 g/t silver and 1.53 percent zinc. A total...
Seabridge Gold Inc. June 28 reported that it has begun robust environment remediation of historical mining activity at its newly acquired Iskut property in northwestern British Columbia, including the historical Johnny Mountain Mine. The Tahltan Central Government, the administrative governing body of the Tahltan First Nations, has expressed its support of this environmental work. "We have a strong interest in the remediation of the Johnny Mountain mine site on our...
Seabridge Gold Inc. June 21 said it has purchased all of the outstanding shares of SnipGold Corp. in an all-share arrangement announced in April. To complete the acquisition, Seabridge issued 695,277 shares, at an exchange ratio of one Seabridge share for 63 outstanding SnipGold shares. Up to roughly 60,550 additional Seabridge shares may be issuable upon exercise of outstanding options and warrants originally issued by SnipGold, but now exercisable to acquire Seabridge...
Seabridge Gold Inc. May 19 reported the closing of a C$12.04 million financing that involved the issuance of 500,000 flow-through shares at C$24.08 each. The company will use the money raised to fund the 2016 exploration programs at its KSM copper-gold project and, subject to completion of Seabridge's acquisition of SnipGold Corp., the Iskut gold-copper project in northwestern British Columbia. At KSM, Seabridge plans to complete 10,000 meters of drilling designed to expand...
Seabridge Gold Inc. April 29 reported the closing of a C$8.7 million cross-border public offering. Completed by a syndicate of underwriters led by Canaccord Genuity Corp., the offering included 450,000 Seabridge common shares at C$17.40 each, plus a fully exercised over-allotment option to purchase 50,000 shares at the same price. Seabridge said it intends to use the proceeds to continue to advance its KSM gold-copper project in northwestern British Columbia and for general...
Seabridge Gold Inc. April 19 reported that it has entered into a definitive agreement to acquire all of the issued and outstanding common shares of SnipGold Corp. SnipGold's primary asset is the Iskut project, a roughly 286-square-kilometer (110 square miles) contiguous block of ground located near Seabridge's KSM project in the in the Golden Triangle region of northwestern British Columbia. "The board of directors of Seabridge believes the proposed transaction will enhance...
Seabridge Gold April 11 reported that an independent geotechnical review board has completed its first review of the KSM project's tailing management facility and water storage dam and concluded the designs are appropriate. The board, an eight-member panel established early in 2015, has unimpeded access to all technical data necessary to enable them to assess KSM's proposed tailings facility and dam on an ongoing basis, and to ensure these structures meet internationally...
IDM Mining Ltd. April 4 provided an updated resource estimate for its Red Mountain gold project located in northwestern British Columbia about 15 kilometers (nine miles) northeast of Stewart. Red Mountain now hosts 1.64 million metric tons of measured and indicated resource averaging 8.36 grams per metric ton (441,500 ounces) gold and 26 g/t (1.38 million oz.) silver. "With the release of today's updated resource estimate for the Red Mountain project, another milestone has...
Seabridge Gold Inc. March 8 reported an updated resource estimate for the Deep Kerr deposit at its KSM Project in northwestern British Columbia that includes an inferred resource of 1.01 billion metric tons grading 0.53 percent (11.8 billion pounds) copper and 0.35 grams per metric ton (11.3 million ounces) gold, an increase of 3.2 million oz. of gold and 2.1 billion lbs. of copper over last year's estimate. Seabridge Chairman and CEO Rudi Fronk said, "In the three years...
IDM Mining Ltd. Dec. 17 reported clsoing a C$1 million private placement with Oban Mining Corp. This investment provides IDM with funds to pay Seabridge Gold Inc. a final pre-production option payment to acquire full ownership interest, subject to underlining royalties, in the Red Mountain gold project near Stewart, B. C. "Oban is a dynamic mining company led by a highly respected team with expertise in geology, engineering, operations and the capital markets. Their...
