The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 25 of 68
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...
Gold Terra Resource Corp., one of nearly a dozen juniors seeking mineral riches in Northwest Territories in 2020, completed significant exploration drilling on its huge Yellowknife City Gold Project and potentially expanded its holdings in one of Canada's richest historic gold camps. Gold Terra began exploring its initial 37 square-kilometer (14.3 square miles) package of claims and leases about six years ago, and has since increased the property's size more than 21-fold,...
Explorers seeking new mineral discoveries in the Northwest Territories are expected to spend less in 2018 than the C$90 million they shelled out collectively last year. Natural Resources Canada projects spending this year for mineral exploration and deposit appraisals in the northern territory will total C$81.3 million. But some observers expect to see an uptick in hardrock mining exploration in 2018, especially in the highly prospective Slave Province where the Northwest...
Gold Terra Resource Corp. (formerly TerraX Minerals Inc.) April 22 reported that its winter drill program continues to confirm and expand the gold mineralization at the Sam Otto South target on its Yellowknife City Gold project in Northwest Territories. The Yellowknife project encompasses 783 square kilometers (302 square miles) of gold prospective land immediately north, south, and east of Yellowknife. Three deposits at this district-sale property – Crestaurum, Mispickel and...
Buoyed by the first-ever mineral resource estimate reported for its Yellowknife City Gold Project, Vancouver-based Gold Terra Resource Corp. (formerly TerraX Minerals Inc.) appears to be hitting its exploration stride after a half-dozen years of seeking gold in Northwest Territories. In February, the junior reported new intersections of gold mineralization in a winter drill program carried out at two deposits on its 790-square-kilometer (305 square miles) property. The junior...
TerraX Minerals Inc. Jan. 20 announced the start of a 10,000-meter drill program at its Yellowknife gold project in Northwest Territories. The Yellowknife project encompasses 783 square kilometers (302 square miles) of gold prospective land immediately north, south and east of Yellowknife, the Northwest Territories capital. Three deposits at YCGP – Crestaurum, Mispickel and Sam Otto – host 11.62 million metric tons of open-pittable inferred resource averaging 1.4 grams per...
TerraX Minerals Inc. Dec. 27 announced it has raised C$5 million for the continued exploration at its Yellowknife City Gold Project (YCGP) in Northwest Territories. YCGP encompasses 783 square kilometers (302 square miles) of gold prospective land immediately north, south and east of Yellowknife, the Northwest Territories capital. In November, TerraX announced a maiden resource estimate for YCGP that comprises 735,000 ounces of gold. Three deposits at YCGP – Crestaurum, M...
TerraX Minerals Inc. Nov. 4 announced an inaugural mineral resource estimate for its Yellowknife City Gold Project about seven kilometers (four miles) north of the past producing Giant gold mine on the outskirts of Yellowknife, Northwest Territories. Three deposits at YCGP – Crestaurum, Mispickel and Sam Otto – host 11.62 million metric tons of open-pittable inferred resource averaging 1.4 grams per metric ton (523,000 ounces) gold. Additionally, four deposits – Crest...
TerraX Minerals Inc. Sept. 9 reported that the latest batch of drill results has extended the Sam Otto South zone to 1,200 meters. The larger Sam Otto zone on the company's Yellowknife City Gold Project has now been outlined over 2,500 meters of strike and the corridor extends 2,500 meters further south. Highlights from six holes drilled at Sam Otto South include: • seven meters of 2.93 grams per metric ton gold, within 40 meters of 0.6 g/t gold in hole TSO19-043; • nine met...
TerraX Minerals Inc. July 8 announced the start of a 3,500-meter initial phase of drilling at its Yellowknife City Gold project targeting a potential 3,500-meter southern extension of the Sam Otto deposit. Located on the Northbelt property, one of three major properties that make up the 783-square-kilometer (302 square miles) Yellowknife City Gold project, Sam Otto is a prospective bulk tonnage where past exploration has outlined 2,500 meters of continuous gold...
TerraX Minerals Inc. March 18 reported that relogging and sampling of core from historical drilling at the Giant gold mine has confirmed that the same structure mined at Giant extends at least 4,000 meters north onto TerraX' Yellowknife City Gold Project (YCGP). "Results from historical core assays have led to a pivotal moment in TerraX' advancement toward a potentially significant gold discovery," said TerraX Minerals President and CEO David Suda. The Giant and Con mines, loc...
TerraX Minerals Inc. Jan. 14 announced that, in cooperation with The Geological Survey of the Northwest Territories and The Giant Mine Remediation Project, it was able to recover 16,000 meters of core from historical drilling on Northbelt, one of the properties that make up the company's Yellowknife City Gold Project. In a preliminary review of the core, TerraX geologists have identified visible gold and are currently logging and splitting the favorable sections of core for...
TerraX Minerals Inc. Jan. 8 said it plans to focus its 2019 drilling on four gold targets within the core area of Northbelt, one of three major properties that make up the 783-square-kilometer (302 square miles) Yellowknife City Gold Project (YCGP). Blanketing the same geological trend that hosts the historic Con and Giant mines, which produced a combined 14.2 million ounces of gold, the three properties that make up the YCGP – Northbelt, Southbelt and Eastbelt – cover a reg...
TerraX Minerals Inc. July 25 said its summer field program has extended gold zones on its Yellowknife City Gold project in Northwest Territories. This 771.6-square-kilometer project is divided into three claim blocks – Northbelt, which extends north of Yellowknife, Southbelt, which lies south of the NWT capital city, and Eastbelt, a newly acquired land package immediately to the east. Earlier in July, the company reported assay results from channel sampling around the past p...
Northwest Territories may fall behind Canada's two other territories in mining activity in the near-future, but projects underway in the northern jurisdiction hold substantial promise for mid- to long-term gains, especially if many current roadblocks come down. "Optimism is warranted for the territory's mining sector and the broader economy it drives," said Wally Schumann, minister of industry, tourism and investment for the Government of Northwest Territories. But...
TerraX Minerals Inc. May 8 said it completed 5,684 meters of winter drilling at its Yellowknife City Gold project, including four holes that extended the high-grade Crestaurum gold bearing structure to a depth of 300 meters. The 187 previously drilled holes Crestaurum had traced the structure along 1,400 meters of strike length and to a depth of roughly 150 meters, outlining a deposit with grades as high as 62.9 grams per metric ton gold over five meters. Although the...
TerraX Minerals Inc. March 9 said its first phase of 2018 drilling at the Yellowknife City Gold project is showing the potential for a bulk tonnage deposit on the Northbelt property with multi-gram-per-metric-ton gold grades. The first five holes of its 2018 winter drill program tested the Sam Otto zone both along strike and to depth. Two of these holes tested the Sam Otto South extension, confirming a 2,200-meter mineralized zone that remains open. These holes were drilled...
TerraX Minerals Inc. March 7 announced yet another expansion of its Yellowknife City Gold project, bringing its total land holdings near the Northwest Territories capital to 771.6 square kilometers, or roughly 190,665 acres. The latest expansion of the Yellowknife project comes from the staking of 337.5 square kilometers (130.3 square miles) immediately north of its current properties. These additional 47 claims were staked based on extensive field exploration completed last...
TerraX Minerals Inc. Feb. 7 announced the start of a 6,000-meter winter drill program at its Yellowknife City Gold project adjacent to the capital of Northwest Territories. This initial program will test extensions of the Sam Otto and Crestaurum deposits on Northbelt, one of three large land packages that make up the Yellowknife City Gold project "Our 2018 winter drill programs will focus on expansion of two of our most advanced high priority gold targets with a goal of...
TerraX Minerals Inc. Jan. 12 said it has entered into an agreement to acquire the Ptarmigan Mine property, a 47-hectare (116 acres) claim block within the company's Eastbelt property at the Yellowknife City Gold project in Northwest Territories. The three gold properties that make up the YCG projects – Eastbelt, Southbelt and Northbelt – blanket 440 square kilometers (170 square miles) of gold prospective land surrounding the Northwest Territories capital. The newest add...
While mining activity remained strong in the Northwest Territories in 2019, industry and government officials alike worried that the robust sector, driven largely by production at three diamond mines, has entered a prolonged downward slide. The near-term economic outlook for the territory, which covers 1.3 million square kilometers in Canada's central Arctic region, continues to be bleak as its diamond mines that have now passed peak production and replacement projects are in...
TerraX Minerals Inc. got off to an early start on 2019 exploration at its Yellowknife City Gold Project (YCGP), thanks to the ability to resample historical core drilled there. Working with The Geological Survey of the Northwest Territories and The Giant Mine Remediation Project, TerraX was able to recover 16,000 meters of core from drilling on Northbelt, one of the properties that make up YGCP. In a preliminary review of the core, TerraX geologists identified visible gold and...
TerraX Minerals Inc. has set its sights on unlocking a multimillion-ounce gold district at the Yellowknife City Gold Project, a 772-square kilometer (298 square miles) property north, south and east of the capital of Northwest Territories. Blanketing the same geological trend that hosts the historic Con and Giant mines, which produced a combined 14.2 million oz of gold, the three properties that make up the YCGP – Northbelt, Southbelt and Eastbelt – cover a region known for yi...
With the opening of Gahcho Kué, Northwest Territories is reaping the rewards of past exploration spending across the vast diamond-rich expanse of northern Canada. In fact, the new diamond mine is expected to contribute some C$5.7 billion to Northwest Territories economy by 2028, the end of its currently projected life, according to a report commissioned by De Beers Group of Companies. Northwest Territories Minister of Industry, Tourism and Investment Wally Schumann...
TerraX Minerals Inc. Nov. 13 said surface sampling has significantly expanded Duck Lake zone at Eastbelt, one of three large land packages that make up the company's Yellowknife City Gold project immediately adjacent to the capital of Northwest Territories. In July, TerraX reported that surface sampling had identified flat dipping quartz veins ranging up to 1 meter thick exposed over a strike length of at least 500 meters at Duck Lake. The highest grade samples collected from Duck Lake during this initial prospecting were...
