The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 22 of 22
Company plans to construct a temporary camp to aid in upcoming start of high-grade gold mine. Sixty North Gold Mining Ltd. April 9 announced that its plans to establish a modern operation at the past-producing Mon high-grade gold mine will begin with the installation of a temporary camp to replace the damages caused by the wildfires that ravaged Canada's Northwest Territories last year. Sixty North is focused on restarting gold production at Mon – a project about 40 k...
Company reports no significant damages to materials, plans to construct temporary camp before initiating bulk sample and mill construction. Sixty North Gold Mining Ltd. March 7 announced an update on the company's current situation after its camp was damaged due to the wildfires that spread throughout 163,000 hectares (402,781 acres) of Northwest Territories' occupied regions and outlying countryside. Located about 40 kilometers (25 miles) north of Yellowknife, Sixty North is...
With a summer marred by unprecedented wildfires behind them, companies exploring the mineral-rich Northwest Territories are reporting impressive results from their 2023 programs. Seeking new deposits of valuable minerals, ranging from ever-popular diamonds and precious metals to recently designated "critical minerals," such as lithium, rare earth elements and zinc, a score of explorers took to the field across the territory. "An exciting new chapter is emerging for mining in t... Full story
White Gold Corp. Aug. 15 announced the start of the maiden drill program for the Cali target on the company's Nolan property in Yukon, Canada. Located approximately 77 kilometers (48 miles) west of Dawson City via the Top of the World Highway, connecting Dawson City to Alaska, Nolan is perched in the hills surrounding the Sixty Mile River. Comprised of 2,219 claims across 43,778 hectares (108,177 acres), Nolan covers a large area measuring approximately 30 kilometers (19...
Blaze could reach NWT capital by weekend, 20,000 residents leave; one mining camp burned, wildfires disrupt entire mining sector. The already severe fire conditions across the Great Slave Lake region of Northwest Territories has taken a turn for the worse, prompting Canadian officials to order the 20,000 residents of Yellowknife to evacuate the territorial capital. Northwest Territories Minister of Environment and Climate Change Shane Thompson said "the fire burning west of...
Mining activity in Northwest Territories held steady in 2022 despite constraints imposed by the ongoing COVID-19 pandemic as a cadre of mainly junior mining companies took up the international challenge to seek out large deposits of critical minerals. Early in the year, government officials noted that industry interest in diamonds, gold, and especially critical minerals boded well for the NWT economy in the coming year. "An exciting new chapter is emerging for mining in the... Full story
Sixty North Gold Mining Ltd. Dec. 15 reported that sampling has identified two zones of elevated, copper, cobalt, nickel, and other metals along strike of the iron oxide-copper-gold (IOCG) discovery on its Mon gold property in Northwest Territories. Located about 40 kilometers (25 miles) north of Yellowknife, Mon is best known for its high-grade gold potential. A summer seasonal mine that operated at Mon from 1991 to 1997 produced 15,000 ounces of gold from 15,000 metric tons...
Sixty North Gold Mining Ltd. reported July 11 that crews moved onto its Mon Gold property in late June and began mapping and sampling a recent nickel and cobalt discovery situated about a mile (1.5 kilometers) southeast of the mine site. The original discovery of the critical metals occurred in 2021 when a grab sample returned greater than 1% nickel, 0.18% cobalt, and 0.429 grams per metric ton gold. Follow-up grab samples in early 2022 confirmed 0.31% nickel, 0.022% cobalt,...
Mineral exploration activity in Northwest Territories showed signs of revival in 2021, coming on the heels of the slowest year in recent memory. Excited by renewed interest in gold deposits in and around the capital city of Yellowknife and other hot spots after the pandemic-related restrictions of 2020, juniors joined longtime explorers Nighthawk Gold Corp. and Gold Terra Resource Corp. (formerly TerraX Minerals) in hunting for the yellow metal across the 1.14... Full story
The Mon gold project, currently the only fully permitted gold mining project in Northwest Territories, is advancing toward new production later this year. The project is located about 40 kilometers (25 miles) north of Yellowknife in the South MacKenzie Mining District. A high-grade quartz vein was discovered on the Mon property in 1937 by prospectors working for Cominco Ltd. during an aerial reconnaissance flight north of Yellowknife. In 1988 the property was optioned by...
White Gold Corp., one of the most active mineral exploration companies in Canada's North in recent years, is taking a closer look at Nolan, a property found in Yukon's fabled Sixtymile area near the Alaska border. Here, eager prospectors have pulled gold from the region's creeks and streams since the precious metal was first discovered in the region in 1884. White Gold is betting throngs of prospectors who scoured the area during the past 136 years left a lot of gold behind. T...
White Gold Corp. is gearing up for another season of systematically advancing the dozens of exploration targets identified across its more than 1-million-acre (422,730 hectares) land package in Yukon's White Gold District. On May 15, the Yukon-focused gold exploration company announced that longtime strategic partners and new institutional investors are participating in a C$6 million financing that involves the issuance of 6.67 million flow-through shares at C90 cents each. Go...
Sixty North Gold Mining Ltd. April 2 said initial results from a helicopter-borne geophysical survey have identified several priority drill targets at the company's Mon silver-gold-lead-zinc property in Northwest Territories. Located about 45 kilometers (28 miles) north of Yellowknife, Mon is primarily known for the small high-grade gold deposit discovered by Cominco Ltd. geologists in the 1930s. David Webb, a geologist and director of Sixty North, optioned the Mon property...
Though mineral exploration in Yukon Territory this year lagged the pace seen in 2018, mine development projects advanced at a steady clip in 2019, while several past-producing mines moved toward resuming output. Yukon ranked fourth in Canada for projected spending on mineral exploration and deposit evaluation for 2018, according to statistics distributed by Natural Resources Canada. Spending for mineral exploration and deposit evaluations totaled C$249.4 million, made up of C$... Full story
At the recent Prospectors and Developers Association of Canada meeting in Toronto, Dr. Richard Schodde, managing director of MinEx Consulting, presented some key factors which affect the time span between a mineral discovery and start-up of commercial mining. The study reviewed about 3,500 nonferrous metal deposits discovered between 1950 and 2013. Dr. Schodde's findings suggest that only 45 percent of all discoveries made since 1950 have turned into mines. The rate is... Full story
While the frenzy of activity that engulfed the Yukon Territory in 2011 did not re-emerge this season, scores of players, from upstart juniors to global mining firms mounted impressive mineral exploration campaigns throughout the territory. Gold was the primary metal sought in the Yukon in 2012, but some explorers chased silver, copper, zinc-lead, iron and other minerals. Based on the spending plans of mining companies in March, Natural Resources Canada projected C$285 million planned spending across the Yukon, a decrease of... Full story
Is the "Yukon Gold Rush" about to spill into Alaska? Since the 1896 discovery of gold on the aptly named Bonanza Creek sparked a stampede of fortune seekers to the rivers and streams of the Klondike, these world-class mining jurisdictions that share a common geological and mineralization history have been engaged in a cross-border rivalry of drawing prospectors and miners to their mineral-rich deposits. While 19th Century miners seeking their fortunes in Alaska's Fortymile...
As we near the end of September and the metals market remains robust, the mining industry is breathing a sigh of relief as we remember the market meltdown of early September 2008. Although nobody is suggesting that the larger economy is in any way out of the woods yet, the worldwide demand for metals and metal products continues to expand. For example, the gold price hit US$1,274.95 earlier this month, well above the previous record of US$1,261 hit on June 28. Some believe...
DAWSON, Yukon Territory - Hardrock mining explorers are capitalizing on unprecedented investor interest and going after paying gold, silver, copper-rich porphyry, lead-zinc and other metal deposits here with uncommon gusto this summer. A few years ago, a multimillion-dollar, single-season exploration program would have been a rare commodity in the Yukon. But this year, at least a half-dozen juniors have joined one major, Kinross Gold Corp., and the Yukon's only producer, Capstone Mining Corp., in forking over megabucks to...
Though most of the gold fever sweeping northern Canada these days is focused on Yukon Territory's White Gold district to the west and near Agnico-Eagle Mines Ltd.'s new Meadowbank Mine to the east in Nunavut, a growing number of explorers are trekking to the territory in between. Mining companies are returning to the Northwest Territories as gold prices set records, including a recent high of US$1,260 per ounce. But most of these explorers are targeting known deposits or previously identified mineralization rather than...
Underworld Resources Inc. hit the ground running in 2009, reporting impressive assay results in the first three holes of its drilling program at its White Gold Project in late May. For two field seasons, the Vancouver, B.C.-based company has explored sediment and vein-hosted gold targets on 845 claims covering 169 square kilometers, or 65.3 square miles, on the White Gold and Black Fox gold Properties in west-central Yukon Territory, 95 kilometers, or about 60 miles, south of Dawson City. So far, the junior has identified... Full story
Little Squaw Mining Co. reported encouraging assay results from 68 of 99 holes drilled this year at Little Squaw Creek in the Chandalar Mining District, about 190 miles north of Fairbanks. The Spokane, Wash.-based company controls 14,993 acres in mining claims covering most of the Chandalar district on the southern slope of the Brooks Range. This includes 22 patent claims. A 15,500 foot drilling program at Little Squaw Creek in 2007 was designed to delineate a placer gold...
