The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 20 of 20
StrikePoint Gold Inc. Dec. 3 announced that drilling continues to cut high-grade gold at its Willoughby project in British Columbia's prolific Golden Triangle. StrikePoint acquired Willoughby from ArcWest (formerly Sojourn Exploration Inc.) in March for C$85,000 in cash and 3 million StrikePoint shares. An intrusion related gold-silver project with similarities to Ascot Resources Ltd.'s Red Mountain Mine project about seven kilometers (four miles) to the west, Willoughby is...
ArcWest Exploration Inc., formerly Sojourn Exploration Inc., March 20 announced that it has signed a definitive agreement to acquire Sparrowhawk, a copper-gold property about 65 kilometers (40 miles) northeast of Smithers, British Columbia. The road accessible Sparrowhawk property is adjacent to Glencore Canada's Bell and Granisle mine property in the Babine Porphyry Copper District in the northcentral part of the province. The Bell Mine, operated by Noranda between 1972 and...
StrikePoint Gold Inc. March 20 announced it has entered into a definitive agreement to acquire Willoughby, a gold-silver project about 30 kilometers (19 miles) east of Stewart, from ArcWest Exploration Inc. An intrusion related gold-silver project with similarities to IDM Mining Ltd.'s Red Mountain Mine project about seven kilometers (four miles) to the west, Willoughby is the second Golden Triangle property StrikePoint added to its portfolio in as many years. The other,...
StrikePoint Gold Inc. Jan. 16 announced that it has signed a letter of intent to acquire Willoughby, a gold-silver exploration project about 30 kilometers (19 miles) east of Stewart, from Sojourn Exploration Inc. Willoughby is an intrusion related gold-silver project with similarities to IDM Mining Ltd.'s Red Mountain Mine project about seven kilometers (four miles) to the west. Red Mountain, which recently received regulatory approvals to develop an underground mine, hosts...
Sojourn Exploration Inc. Dec. 12 reported results from this year's sampling at Todd Creek, a porphyry copper-gold property about 40 kilometers (25 miles) southeast of Seabridge Gold Inc.'s enormous KSM project. A time domain induced polarization survey carried out this year at Todd Creek showed a significant chargeability anomaly underlies the Yellow Bowl zone, a roughly 3,000-meter-long corridor of strongly altered and variably copper-gold mineralized intermediate volcanic ro...
Sojourn Exploration Inc. Nov. 2 provided preliminary results of reconnaissance mapping, sampling and geophysical surveys on four of its porphyry copper-gold projects in British Columbia, including the Todd Creek and Oweegee Dome projects in the province's prolific Golden Triangle. Sojourn acquired Todd Creek, Oweegee Dome and Willoughby, a third Golden Triangle exploration property, from Millrock Resources Inc. "Sojourn's Todd Creek and Oweegee Dome projects are within...
With the completion of a C$2.8 million financing, along with the closing of property acquisition agreements with Millrock Resources Inc. and Seven Devils Exploration Ltd., Sojourn Exploration Inc. has all the pieces in place to be a significant new prospect generator in British Columbia's Golden Triangle. The three-way deal brings together three highly prospective copper-gold properties generated by Millrock, another four properties and the exploration talent of privately...
Millrock Resources Inc. Aug. 9 announced it has sold its three gold-copper exploration projects in the Golden Triangle region of northwestern British Columbia – Oweegee Dome, Willoughby and Todd Creek – to Sojourn Exploration Inc. Previous option agreements under which Sojourn was to earn an interest in two of the properties – Oweegee Dome and Willoughby – have been terminated. Instead, Sojourn will issue Millrock 7.82 million shares to buy the properties outright, which w...
Millrock Resources Inc. July 18 said roughly US$5 million of partner-funded exploration is being carried out across its portfolio of mineral properties, including 10,000 meters of drilling at three projects in Alaska and Mexico. "We have plenty of potential catalysts to improve the Millrock share price through the discovery of valuable resources," said Millrock President and CEO Greg Beischer. Millrock Resources is a project generating mineral exploration company with five...
Millrock Resources Inc. Feb. 2 announced that it has cut deals to move its trio of Golden Triangle exploration projects into what is expected to be a well-financed exploration company managed by an outstanding technical team that will specialize as a British Columbia project generator company. Under the contemplated transaction, Millrock will vend its Todd Creek project to Sojourn Exploration Inc. The terms of the existing option agreements with Sojourn concerning two other...
With fresh funds in the bank and partners exploring the gold, copper and silver projects it has generated in Alaska, British Columbia and Mexico, Millrock Resources Inc. is positioned well for 2018. As a project generator, Millrock is leveraging its team's geological expertise by identifying and acquiring promising mineral projects, completing preliminary exploration aimed at bolstering the their potential and then vending them to partners to fund the more advanced stages of...
StrikePoint Gold Inc. focused its 2019 exploration primarily on Willoughby, the Vancouver, British Columbia-based junior's newest gold and silver property in B.C.'s Golden Triangle. An intrusion related gold-silver project with similarities to Ascot Resources Ltd.'s Red Mountain Mine project about seven kilometers (four miles) to the west, Willoughby is the second Golden Triangle property StrikePoint added to its portfolio in as many years. The other, Porter, is a past...
Primarily focused on gold, copper and silver, Millrock Resources Inc. is a project generating mineral exploration company that has built a large portfolio of highly prospective mineral exploration properties in Alaska, British Columbia and Mexico. Many of the projects the company has generated have been sold recently to other companies in exchange for cash and shares of the company acquiring and exploring the project. For 2019, Millrock focused largely on amassing a large...
Millrock Resources Inc. is a project generating mineral exploration company with five projects in Alaska, three in British Columbia (transferred to Sojourn Exploration Inc.), 16 in Mexico and one in New Mexico. Alaska Range, a property that hosts a copper-gold-silver skarn deposit and is highly prospective for copper-gold porphyries, is the most active project in Millrock's portfolio this year. In 2017, Millrock sold its Stellar copper-gold-silver project to Australia-based...
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...
Millrock Resources Inc. is a project generating mineral exploration company with seven projects in Alaska, three in British Columbia, 15 in Mexico and one in New Mexico. In Alaska, Millrock struck a deal with Kinross Gold Corp. that provides the major the option to earn a 70 percent joint venture interest in Liberty Bell, a road-accessible project about 70 miles southwest of Fairbanks that is prospective for copper-gold porphyry and associated gold deposits. Previous work at...
With roughly US$5 million of exploration being carried out on its projects in Alaska, British Columbia and Mexico this year, Millrock Resources Inc. is beginning to reap the benefits of the upswing in the mining sector. "During the industry downturn, Millrock moved boldly to grow its property portfolio," said Millrock President and CEO Greg Beischer. "Now that metal prices and investor sentiment have improved, we are ramping up exploration efforts significantly." This ramp up...
Millrock Resources Inc. June 14 said it has entered into agreements to option its Willoughby and Oweegee Dome projects in the Golden Triangle region of British Columbia to Sojourn Ventures Inc., a Vancouver, B.C.-based exploration company. To earn full ownership of Willoughby, Sojourn must issue 1.84 million shares to Millrock over the next two years and complete C$2 million of exploration on the property over the next three years. For ownership of Oweegee, Sojourn must issue 2.3 million shares over the next two years and...
Sojourn Exploration Inc. Dec. 7 said its initial exploration at the Oweegee Dome project in northwestern B.C. has identified multi-element stream sediment and soil anomalies associated with several historical volcanogenic massive sulfide and porphyry geophysical targets on the property. Oweegee is one of two Golden Triangle properties Sojourn optioned from Millrock Resources Inc. in August. This year’s sampling program was recommended by Millrock as a logical follow-up to airborne geophysical survey and data compilation it co...
Millrock Resources Inc. Aug. 30 announced the start of the 2017 field program at Willoughby and Oweegee Dome projects in the Golden Triangle region of northwestern British Columbia. This program is being carried out by Millrock and funded by Sojourn Exploration Inc. (formerly Sojourn Ventures Inc.), which has options to acquire full ownership of Willoughby and Oweegee Dome from Millrock. Willoughby has a long exploration history, including two phases of drilling. Stationed...
