The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Now is the time to be optimistic about the future because the 2024 version of the Hatfields and the McCoys has run out of steam. I have long felt that mining will be the workhorse industry for Alaska. The state is vast, and the deposits are remote. Furthermore, they tend to be large. Unhappily, the political environment has, for about 75 years, been antagonistic toward mining based on a series of specious issues. Mines are unsafe, so they say. But a worker in a government...
Though effects of the COVID-19 pandemic lingered, mineral explorers rushed to the Yukon like moths to a flame during 2022. Mining's most daring sector rallied to generate the busiest field season seen in Canada's westernmost territory in years. In June, Natural Resources Canada projected mineral exploration and deposit appraisal spending in Yukon during 2022 to total C$157.9 million, up 14.5% from C$135.1 million estimated for 2021 and nearly double C$83.6 million in 2020....
May 10, 2022, celebrates the ninth annual Alaska Mining Day. Established in 2013, Alaska Mining Day was created through legislation sponsored by Sen. Cathy Giessel, R-Anchorage, "to recognize and honor the intrepid individuals and industry that played an enormous role in settling and developing the territory and the state that continue to contribute to the economy of the state." Why May 10? On this day in 1872, the General Mining Act of the United States was approved – w...
As a mineral exploration company that embraces new technology, Triumph Gold Corp. has leveraged the power of artificial intelligence to transform the massive amount of data generated from years of exploration at Freegold Mountain into previously unrecognized resource expansion targets around the Revenue and Nucleus deposits on this gold-copper project in Canada's Yukon. A large and road-accessible project in Yukon's Dawson Range, Freegold Mountain hosts near-surface porphyry...
Triumph Gold Corp. Nov. 24 announced that four holes drilled this summer has expanded the WAu zone within the Revenue deposit on the company's Freegold Mountain copper-gold project in the Yukon. Freegold Mountain hosts near-surface porphyry gold-copper deposits and related precious metals enriched polymetallic targets across a roughly 19-kilometer (12 miles) stretch of the property. The two most advanced deposits along this trend are Nucleus and Revenue. Nucleus hosts 31...
Triumph Gold Corp. June 29 announced the start of a comprehensive exploration program focused on expanding and upgrading resources and developing zones of mineralization outside the deposit areas at its Freegold Mountain gold-copper project in the Yukon. "Through a focused review and rebuild of the Freegold Mountain project 3D model, the technical team has digested the entire data-room and designed a comprehensive, multi-tiered exploration program – a process that has a...
The primary goal of Triumph Gold Corp.'s 2020 exploration program was to advance underexplored, near-surface gold targets of the Freegold Mountain project in the Yukon. Over the years, Triumph has identified numerous near-surface porphyry gold-copper targets and deposits over a six-kilometer (3.7 miles) stretch of Freegold Mountain. The two most advanced deposits along this trend are Nucleus and Revenue. The Nucleus deposit hosts 74.74 million metric tons of indicated...
Triumph Gold Corp. March 2 reported impressive gold and silver grades from sampling along the 3,700-meter-long Irene-Goldstar corridor on its road accessible Freegold Mountain project in the Yukon. Situated about 4,500 meters southeast of the Revenue porphyry deposit, the Irene-Goldstar epithermal gold-silver corridor extends from the historical Goldstar vein and skarn system near the summit of Mount Freegold and continues through the Vindicator zone to the Irene zone at the...
Triumph Gold Corp. Feb. 11 announced the first updated mineral resource estimates for the Freegold Mountain gold-copper-silver project in the Yukon since the end of 2014. Over the years, Triumph has identified numerous near-surface porphyry gold-copper targets and deposits over a six-kilometer (3.7 miles) stretch of Freegold Mountain. The two most advanced deposits along this trend are Nucleus and Revenue. Nearly 15 kilometers (nine miles) southwest of Revenue lies Tinta, a...
Triumph Gold Corp. Dec. 11 said the results from the final three holes of its 2019 drill program at Freegold Mountain continue to provide compelling evidence for a large porphyry related gold-copper system underlying near surface gold-copper deposits already outlined on the roughly 200-square-kilometer (77 square miles) property in the Yukon. The two most advanced deposits along a six-kilometer (3.7 miles) trend that spans the Freegold Mountain property are Nucleus and...
Triumph Gold Corp. Oct. 2 announced the retirement of Paul Reynolds, who served as president and CEO of the Yukon-based mineral exploration company for the past five years. Former Triumph Gold Vice President of Exploration Tony Barresi now serves as president and John Anderson, the executive chairman of the company, will fill in as interim CEO. Barresi is an economic geologist with fifteen years of base and precious metal exploration experience. During his three-year tenure...
Triumph Gold Corp. Sept. 12 reported that this year's deep drilling program has encountered the buried porphyry gold-copper mineralization being targeted at the first of three areas being tested on the company's Freegold Mountain Property in the Yukon Territory. Over the years, Triumph has identified several near-surface, gold-copper targets and deposits over a six-kilometer (3.7 miles) stretch of Freegold Mountain. The two most advanced deposits along this trend are Nucleus a...
Triumph Gold Corp. June 18 announced the start of a drill program targeting a buried copper-gold porphyry target that has not been previously tested by drilling at the Freegold Mountain project in the Yukon. Triumph has identified numerous near-surface porphyry gold-copper targets and deposits over a six-kilometer (3.7 miles) stretch of Freegold Mountain. The two most advanced deposits along this trend are Nucleus and Revenue. The Nucleus deposit hosts 74.74 million metric...
Triumph Gold Corp. is making significant, new strides toward unlocking the geological secrets of Freegold Mountain, a district-scale property that could produce one of the richest copper-gold resources yet discovered in the Yukon. The Canadian and Yukon governments, meanwhile, are moving forward with a joint effort to spur mine development in the Dawson Range where the Freegold Mountain project is located along with many others, including the Casino copper-gold and Coffee...
Western Copper and Gold Corp. April 8 reported that the Yukon government and Little Salmon-Carmacks First Nation have reached an agreement for the proposed Carmacks bypass, the first section of a road to the Casino copper project. "The Carmacks bypass will be a road from south of Carmacks to the existing Freegold Road north of Carmacks so that mine haul trucks will be able to bypass the community," said Yukon Minister of Energy, Mines and Resources Ranj Pillai. The Carmacks...
Triumph Gold Corp.'s 2018 surface sampling provides further evidence that the already large gold-copper deposits outlined so far at its Freegold Mountain project in the Yukon may be just portions of an even greater mineralized system on the property. The sampling identified gold-copper mineralization in three zones outside the Nucleus and Revenue deposits, including bonanza grade gold in a grab sample collected from bedrock exposed by placer mining in one of the streams...
Triumph Gold Corp. Oct. 16 said that bedrock exposed from placer gold mining has revealed new copper-gold-zinc-lead showings in two streams cutting across the road accessible, Freegold Mountain project in the Yukon. One of these showings, Drone Zone, is exposed over a roughly 100- by 25-meter area in Mechanic Creek, about 500 meters east of high-grade drill intercepts in the Nucleus gold deposit and 500 meters west of the Keirsten Zone porphyry system. The Nucleus deposit...
Triumph Gold Corp. Sept. 12 reported that drilling has cut long sections of gold-rich porphyry-style mineralization in the Blue Sky zone on at the road accessible, Freegold Mountain project in the Yukon. The best intercept so far from drilling at Blue Sky was 316 meters of 1.1 grams per metric ton gold, 0.27 percent copper, 5 g/t silver and 0.02 percent molybdenum in hole RVD18-19, which includes 79.75 meters of 2.48 g/t gold, 0.38 percent copper, 6.9 g/t silver and 0.02...
Triumph Gold Corp. July 11 announced that it has raised C$5.1 million via a private placement financing that included participation by Goldcorp Inc., Palisade Global Investments Ltd. and a Hong Kong-based investment fund. The money raised will help fund the ongoing exploration at Triumph's Freegold Mountain gold-copper project in the Yukon's Dawson Range. Goldcorp initially invested in Triumph Gold early in 2017 with a C$6.3 million investment that provided the major with a 19...
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$249.4 million, made up of C$...
The two mega-mergers that hit the gold mining sector early in 2019 – Barrick Gold Corp. combining with Randgold Resources Ltd. and Newmont Mining Corp. acquiring Goldcorp Inc. – is forever changing the gold mining landscape around the world. While the two largest gold mining companies Newmont Goldcorp (No. 1) and Barrick (No. 2) are still in the process of shedding assets following the mega-mergers, it seems that Newmont Goldcorp will emerge with a much stronger foothold in...
Triumph Gold Corp. focused its 2019 drill program on testing buried copper-gold porphyry targets not previously targeted on its Freegold Mountain project in the Yukon. Over the years, Triumph has identified numerous near-surface porphyry gold-copper targets and deposits over a six-kilometer (3.7 miles) stretch of Freegold Mountain. The two most advanced deposits along this trend are Nucleus and Revenue. The Nucleus deposit hosts 74.74 million metric tons of indicated resource...
More than three dozen explorers chased lucrative mineral deposits in Yukon Territory in 2017 and most of these junior and senior companies returned to the northern jurisdiction this year to take another crack at hitting the jackpot. Known for its rich and storied gold mining history as well as its rugged mountain peaks, Yukon is roughly 15 percent larger than California, covering more than 482,000 square kilometers (186,272 square miles). Split off from the Northwest...
The proposed combination of Newmont Mining Corp. and Goldcorp Inc. has raised questions about the future of the companies' gold assets in the Yukon and investments in other junior mining companies across Canada's North. Two of the gold projects in the proposed Newmont Goldcorp pipeline are found in the Yukon – Plateau, a large property being explored by Newmont, and Coffee, a project that is nearing the mine development stage. Knowing that the combined gold miner plans to shed...
Goldcorp Inc.’s half-a-billion-dollar purchase of Kaminak Gold Corp. and the Coffee Gold project in Yukon Territory in 2016 marked a major shift for North of 60 mining explorers. Junior mining explorers typically look to the investment community for the venture capital needed to discover rich deposits of minerals. In turn, major mining companies come along and buy the mineral-rich project or the company that discovered it, typically providing a handsome return for the j...
