The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 50 of 68
TerraX Minerals Inc. Oct. 19 provided a corporate update that includes the appointment of new officers and an overview of the summer phase of a 27,000-meter drill program at its Yellowknife City Gold Project, just north of the capital of Northwest Territories. Following the company's annual general meeting on Oct. 18, the board of directors appointed Joseph Campbell as chairman and CEO. Prior to the appointment, Campbell was serving as president and CEO. Stuart Rodgers, who previously held the position of CFO, was appointed...
TerraX Minerals Inc. is carrying out year-round exploration aimed at unlocking a multimillion-ounce gold camp at its Yellowknife City Gold Project, which extends north and south 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 ounces of gold, the company's 118-square-kilometer (45.5 square miles) Yellowknife property blankets a region known for yielding deposits of a scale and grade to be among Canada's great gold...
While most mining jurisdictions have seen sharp drops in mineral exploration spending, such investments in Northwest Territories has largely held steady at about C$100 million annually during the past five years. As a result, this diamond-rich territory accounted for roughly 7 percent of mineral exploration spending in Canada in 2016, compared with only about 2 percent in 2011. The ultimate measure of mineral exploration success is not the amount of exploration dollars spent...
As the summer’s midnight sun gives way to aurora-filled winter night skies, seasons are once again changing in Canada’s Northwest Territories. And, much like the seasons, our resource industries are also in a time of transition. The NWT celebrates 25 years of diamonds this year with the opening of De Beers and Mountain Province’s Gahcho Kué, the world’s largest new diamond mine, which is expected to pour more than C$6 billion into our economy over its lifetime. Projects...
TerraX Minerals Inc. Dec. 21 posted results from surface mapping and prospecting on the Southbelt property of the Yellowknife City Gold Project. Southbelt is about five kilometers (three miles) south of the city of Yellowknife and extends from the mine leases of the historic Con Mine, where more than 6 million ounces of gold was produced duringr a 60 year mine life. TerraX says extensions of several mineralized trends previously mined at Con, including the namesake Con Shear, which appears to extend up to five kilometers...
TerraX Minerals Inc. is carrying out year-round exploration aimed at unlocking a multi-million-ounce gold district at its Yellowknife City Gold Project, a 418-square kilometer (161 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 yielding deposits of the...
TerraX Minerals Inc. Jan. 24 said it has received the permits needed to drill Southbelt, one of two large land packages that make up its Yellowknife City Gold project. With permits approved, the company plans to begin drilling this highly prospective property around the end of February. Southbelt is about five kilometers (three miles) south of the city of Yellowknife and extends from the mine leases of the historic Con Mine, where more than 6 million ounces of gold was produced during a 60 year mine life. TerraX says...
TerraX Minerals Inc. May 2 reported results from the first 22 holes of its 43-hole winter drill program at the Yellowknife City Gold Project. Six of the holes were drilled at Dave's Pond, a new discovery at the Northbelt property, a section of the expansive Yellowknife project that extends north from the Northwest Territories capital. TSO16-005, the discovery hole at Dave's Pond, cut 2.40 meters averaging 9.89 grams per metric ton gold. All six holes drilled at this target hit gold mineralization. Highlights include: 8.8 mete...
TerraX Minerals Inc. June 27 said it has begun exploring its expanded Yellowknife City Gold project, immediately adjacent to the city of Yellowknife, Northwest Territories. This includes preliminary work on Eastbelt, a 290 square-kilometer (112 square miles) property that triples the size of the Yellowknife project. "As a result of our continued drilling success, improving market conditions and the ease of access to exploration adjacent to a mining town we have tripled our land holdings at Yellowknife to over 418 square...
TerraX Minerals Inc. July 18 reported high-grade gold and silver in the first batch of results from surface sampling from the Eastbelt property, the newest addition to the company's Yellowknife City Gold project immediately adjacent to the capital of Northwest Territories. "The discovery of high grade gold and silver during surface sampling on our newly acquired Eastbelt property is an excellent start to an extensive district scale exploration program now underway," said TerraX CEO Joe Campbell. The two most significant...
TerraX Minerals Inc. Sep. 26 reported that its 2017 property-wide exploration program at its Yellowknife City Gold Project has discovered a new zone of high-grade gold mineralization a the Screamer Island target. Representative rock samples from wide zones of outcropping mineralization at Screamer Island, returned 27.9 grams per metric ton gold, 4.46 g/t gold, 4.15 g/t gold and 3.95 g/t gold. TerraX said the discovery at Screamer Island more than quadruples the strike length o...
TerraX Minerals Inc. Feb. 1 said it has tripled the size of its Yellowknife City Gold project by staking 253 square kilometers (98 square miles) of mining claims adjacent to the Northwest Territories project. The company said this additional ground was staked based on extensive research completed on prospective surrounding lands over the past three years. The three new land blocks added to the Yellowknife project include: a northern extension to the Northbelt property...
TerraX Minerals Inc. Nov. 10 reported results from another eight holes targeting the Mispickel zone at the company's Yellowknife City Gold Project, immediately north of Northwest Territories' capital. All eight holes intersected multiple zones of gold mineralization, including a newly discovered deeper zone that was tapped in two. Highlights include: 7.4 meters of 10.17 grams per metric ton gold in the main zone of hole TWL16-026; 8 meters of 6.45 g/t gold in the main zone...
TerraX Minerals Inc. Sept. 22 reported results from the first four holes of a planned 27,000-meter drill program at it Yellowknife City Gold Project, immediately north of the Northwest Territories capital. Drilled at the Mispickel, all four holes cut significant zones of gold mineralization. Highlights include: 5.53 meters averaging 29.85 grams per metric ton gold in the hanging wall zone of hole TWL16-020; three meters of 22.44 g/t gold in the main zone of TWL16-020; 5.85...
TerraX Minerals Inc. Aug. 23 reported the addition of a second drill to its 27,000-meter drill program at the Yellowknife City Gold project in the Northwest Territories. The drill program, which began in July and is slated to run through 2017, began with one drill at the Mispickel target. Discovery drilling at Mispickel, completed during the winter of 2016, cut 8.6 meters averaging 12.87 grams per metric ton gold and 7.3 meters of 23.6 gold; follow-up drilling cut eight...
TerraX Minerals Inc. July 28 reported the start of a 27,000-meter drill program at its Yellowknife City Gold project in the Northwest Territories. Drilling is now underway on the Mispickel target, where discovery drilling during the winter of 2016 program cut 8.6 meters averaging 12.87 grams per metric ton gold and 7.3 meters of 23.6 g/t gold. Encouraged by these results, the company drilled five more holes at Mispickel at the end of the winter program. The best intercept of...
TerraX Minerals Inc. July 15 said it has begun a C$500,000 summer program at its Yellowknife City Gold project, immediately north of Northwest Territories' capital city. This field work budget has been supplemented by a Northwest Territories Mineral Incentive Program grant worth more than C$120,000, bumping the total funding available for comprehensive surface programs this summer to C$620,000. The summer program will include comprehensive field mapping and rock sampling to...
TerraX Minerals Inc. June 6 posted results from the last 22 holes of the 2016 winter drill program at its Yellowknife City Gold Project. Five of the holes were follow-up to holes drilled at Mispickel. Similar to the drilling at the onset of the winter drill program, the follow-up drilling cut visible gold zones in quartz veins. Highlights include: eight meters of 60.6 grams per metric ton gold in hole TWL16-016; 10.68 meters of 2.34 g/t gold in hole TWL16-015; and 12.95...
TerraX Minerals Inc. May 19 reported results from 19 holes drilled at the Hebert-Brent zone on its Yellowknife City Gold Project, which is situated immediately north of the capital of Northwest Territories. Discovered in 2015, Hebert-Brent was channel sampled along exposed zones of mineralization and was subsequently tested with six drill holes, which included one 10.26-meter intercept averaging 3.61 grams per metric ton gold. The zone, which demonstrates sulfide replacement s...
TerraX Minerals Inc. May 16 reported the closing of the final tranche of a private placement with the issuance of a further 2,804,000 units at C35 cents per unit for gross proceeds of C$981,400, increasing the aggregate gross proceeds raised in two tranches to C$2,112,250. Each unit will be comprised of one common share and one-half of one share purchase warrant, with each full warrant entitling the holder to purchase an additional common share at C50 cents per share until...
TerraX Minerals Inc. May 4 reported results from a six-hole drill program at Homer Lake area of its Yellowknife City Gold Project in the Northwest Territories. Two holes targeted a previously untested north-striking quartz vein and sulfide gold zone that crosses the Homer Lake base metal structure. THL16-008 cut 15.91 meters averaging 1.78 grams per metric ton gold; and THL16-009 cut 18.19 meters averaging 1.2 g/t gold. These holes, testing a gold-silver zone identified in...
TerraX Minerals Inc. April 13 released results from nine holes drilled at the Sam Otto gold target on the Walsh Lake property of its Yellowknife City Gold Project in the Northwest Territories. This zone had not previously been tested by TerraX, but had sporadic drilling reported from the 1980s and 1990s. TerraX said the holes drilled at Sam Otto cut wide, pervasive and persistent zones of mineralization. Highlights from this drilling include: 49.7 meters of 1.00 grams per...
TerraX Minerals Inc. Feb. 23 reported assay results from the first two of four holes targeting quartz vein and replacement style mineralization at the Mispickel target of its Yellowknife City gold project, immediately north of the capital of Northwest Territories. Drilling at Mispickel totaled 384 meters in four holes on two parallel sections roughly 50 meters apart. TerraX reported that all four holes cut multiple zones of sulfide mineralized veins and replacement style...
TerraX Minerals Inc. Feb. 2 reported the start of a 6,500-meter winter drill program at its Yellowknife City Gold project in the Northwest Territories. Drilling is underway on the Mispickel target on the Walsh Lake property, a sulfide replacement-quartz vein target that has never been drilled. TerraX developed Mispickel by sampling historical trenches running across strike of this sulphide-quartz vein zone. Highlights from the work include six meters averaging 7.29 grams per...
TerraX Minerals Inc. Jan. 5 reported final results from a fall surface exploration program at its Yellowknife City Gold Project, situated immediately north of the capital of Northwest Territories. This final batch of results included additional high-grade discoveries at the property's core gold area. Visible gold was identified in a newly discovered vein about 200 meters southeast of the Pinto structure. Assays from grab sampling in this area returned 108 grams per metric ton...
