The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Strategic reassessment of RC leads to record gold intercepts. Persistence and strategic exploration in Yukon's mineral-rich landscapes propelled Sitka Gold Corp. to new heights in 2024, as the company expanded its land holdings, uncovered high-grade mineralization, and identified promising new targets at its flagship RC Gold project, solidifying its position as one of the most ambitious players in the Tombstone Gold Belt. Holding an extensive portfolio of mineral properties...
Under a year of shifting landscapes and evolving priorities, 2024 saw notable strides across Yukon's mining sector. Paying homage to its pioneering roots, the territory navigated a transformative year marked by resilience, strategic advancements, and careful adaptation to environmental needs. Amid both challenges and successes, a singular direction has begun to emerge, underscored by a balanced approach toward economic growth, sustainable resource management, and strengthened...
As the largest producer of silver in the United States, Hecla Mining Company is well-positioned to be a reliable North American supplier of this precious metal critical to the transition to clean energy. Silver's criticality to the energy transition is primarily due to its use in solar panels, which require about 450,000 ounces of the highly conductive metal for every gigawatt of installed solar capacity. As a result, the 447 gigawatts of solar installed last year required...
Drilling uncovers surprising skarn-like copper-gold, nickel-platinum zones. GT Resources Inc. Dec. 10 announced the final drill results from its 2024 exploration at the Canalask nickel-copper project in Yukon, Canada, reporting the discovery of skarn-like copper-gold mineralization and confirming the potential for more extensive mineralization on the property. Formerly Palladium One Mining Inc., GT Resources underwent a rebranding to better reflect a new focus on metals...
Trump's vow to maximize mining in Alaska , ESG benefits of mining in Northern BC, and historic investments in a NWT critical minerals project land on the list. From the launch of a new Prospectors and Developers Association of Canada (PDAC) initiative to position Indigenous youth as next-generation mining leaders to the collapse of the tailings storage facility at Victoria Gold Corp.'s Eagle Mine, North of 60 Mining News delivered more than 570 articles last year covering the...
Aims for 2,000 meters at Canalask nickel-copper project in Yukon. GT Resources Inc. July 8 announced the commencement of diamond drilling at the company's Canalask nickel-copper project in western Yukon, targeting significant electromagnetic anomalies to explore the potential for high-grade nickel-copper sulfide deposits. Formerly Palladium One Mining Inc., GT Resources underwent a rebranding to better reflect a new focus on metals critical to clean transportation, electrical...
Eagle Mine heap leach failure impacts Keno Hill; silver output at Greens Creek and Lucky Friday also slows. Hecla Mining Company Nov. 7 reported that permitting delays at its Keno Hill mine in the Yukon, coupled with slightly lower quarterly production at its Greens Creek and Lucky Friday operations, has knocked the Idaho-based mining company off its pace to produce 17 million ounces of silver in 2024. Over the first six months of this year, Hecla's operations had produced...
First drill results uncover multiple instances of visible gold and extend known mineralization 250 meters beyond historical depths. Sitka Gold Corp. Oct. 9 announced multiple observations of visible gold in the first two diamond drill holes ever completed at the Rhosgobel intrusion, located approximately five kilometers (three miles) south of its Blackjack deposit on the company's flagship RC Gold project in Yukon, Canada. Located in the heart of Yukon's Tombstone Gold Belt,...
Expands exploration at RC Gold, incorporates newly acquired Clear Creek property for comprehensive geological assessments. Sitka Gold Corp. July 3 announced the expansion of its ongoing 2024 exploration program on its RC Gold property in the Yukon to include a full battery of work at the Clear Creek property acquired from Victoria Gold Corp. on June 24. Before the Clear Creek purchase, Sitka's RC project was already a district-scale property covering 386 square kilometers...
Company maintains stance that it has no intention of leaving the site. The Yukon government has filed an application to place Victoria Gold Corp. into receivership, seeking control over the company and its Eagle Gold Mine, following the June 24 heap leach failure that resulted in cyanide contamination. Amid escalating scrutiny and financial strain, Victoria Gold has declared its intention to contest the government's move in court. The government's decision to pursue...
Board resigns, and shareholders pull out after court-ordered receivership, impelling company to yield. "It's over. Victoria is done," CEO John McConnell said in an interview with CBC on the day after Victoria Gold Corp. was placed into receivership and the Yukon government took the lead on rehabilitating the Eagle Gold mine site. "They brought in a team to take over from us," he added. The court decision comes less than two months after the failure of the heap leach pad at...
An overview of events from the collapse to the most recent update; includes first public statements from McConnell with CBC News. For the first time since the June 24 incident, Victoria Gold Corp. CEO John McConnell broke his silence, detailing the company's ongoing efforts to contain the damage. "We're not out of the woods yet," he admitted, highlighting the serious challenges ahead in ensuring environmental safety and restoring trust. On June 24, Victoria Gold reported a...
Government reports new strategies and increased monitoring at its fourth technical briefing following Eagle heap leach failure. The Yukon government July 19 announced a fourth technical briefing, led by Minister of Energy, Mines, and Resources John Streicker, to update Yukoners on the regulatory oversight and collaborative efforts at Victoria Gold's Eagle Gold Mine following the heap leach failure. In the weeks following the collapse of the heap leach pad at Eagle Mine,...
Cyanide contamination confirmed; First Nation demands mining moratorium; government mandates urgent measures for Victoria. The collapse of the heap leach pad at Victoria Gold Corp.'s Eagle Gold mine has significantly shifted Yukon's environmental and political landscape. Recent updates from the Yukon Energy, Mines and Resource Minister John Streicker July 11 provided new details on the extent of the impact and outlined urgent measures being taken to address the fallout from...
Reports on environmental and operational efforts, including water quality monitoring, infrastructure assessments, and root cause. Victoria Gold Corp. July 12 announced significant updates regarding the ongoing environmental and operational challenges following the heap leach facility incident at its Eagle Gold Mine in Yukon, Canada. On June 24, Victoria Gold reported a collapse of the heap leach facility embankment at its Eagle Gold Mine, later detailed as a multi-bench...
Technical briefing and community responses focus on mitigation and future safety measures following the heap leach pad incident at Eagle Gold Mine. The Yukon Government hosted a technical briefing over Zoom on June 28 to address the ongoing investigations into the heap leach pad failure at the Eagle Gold Mine in the Yukon. On June 24, Victoria Gold Corp. reported a collapse of the heap leach pad at its Eagle Mine in Yukon, Canada. In the following days, little information has...
A Yukon First Nation's call for a mining pause, however, could impact Keno Hill silver output. Hecla Mining Company July 10 reported that continued improvements in performance at its Keno Hill mine in the Yukon has the Idaho-based mining company on pace to produce 17 million ounces of silver in 2024. During the first six months of this year, Hecla's operations produced 8.7 million oz of silver, which is 10% higher than the 7.9 million oz produced at the midpoint of 2023. They...
DAWSON CITY, YUKON (June 24, 2024) – Victoria Gold Corp. has reported a collapse of the heap leach pad at its Eagle Mine north of Mayo, Yukon. Photos posted by Yukon News around noon local time shows a partial collapse of the heap leach pad, which is constructed on a hillside to hold mine ore so that the gold can be dissolved with a cyanide solution for recovery. Victoria Gold President and CEO John McConnell, who was in attendance at the Yukon Mining Investment Conference i...
Buys neighboring Clear Creek project from Victoria Gold. Sitka Gold Corp. June 24 announced that it has expanded its RC Gold project in the Yukon through the acquisition of the adjacent Clear Creek property from Victoria Gold Corp. "We are very pleased to complete the purchase of the Clear Creek property and to welcome Victoria Gold as a major new shareholder of the company," said Sitka Gold CEO Cor Coe. Before the Clear Creek acquisition, Sitka's RC project was already a dist...
Will include full season of various workings toward optimizing future operations. Banyan Gold Corp. April 18 announced the exploration and technical program planned for the 2024 season at its AurMac gold project in Yukon, Canada, allocating roughly 5,000 meters of drilling that will be strategically focused on economic drivers to optimize a future mine. After establishing an impressive 7-million-ounce gold resource for AurMac in February, drilling this year aims to...
The two winter holes paint picture of extent of Blackjack gold deposit mineralization, leaves Sitka optimistic. Sitka Gold Corp. May 23 reported the second hole drilled during its short winter drill program returned a significant gold intercept just south of the current Blackjack deposit, results that continue to highlight the potential of this area to add higher-grade tonnage to the RC Gold project in Yukon, Canada. The latest results are from hole DDRCCC-24-058, which cut...
Returns 191 meters averaging 1.16 g/t gold; company also announced 100% acquisition of RC and BeeBop properties. Sitka Gold Corp. May 1 announced the first hole from its 2024 drill campaign has struck gold, intersecting 191 meters averaging 1.16 grams per metric ton gold, which confirms the high-grade mineralization discovered the previous year. "The results from Hole 57 are very significant as they confirm that the higher-grade gold mineralization discovered in Hole 47 last y...
Two holes snuck in during winter reveal visible gold, company enters standby for spring melt. Sitka Gold Corp. April 9 announced it has intercepted visible gold in the second hole drilled during its 2024 winter program at the company's RC Gold project in Yukon, Canada. Located within the central region of Canada's Yukon Territory, in the prolific Tombstone Gold Belt, RC Gold is found roughly midway between Victoria Gold Corp.'s Eagle Gold mine and the Brewery Creek gold mine...
Quarterly production expected to climb sharply as spring and summer weather warms the heap leach pad at Victoria Gold's mine in Canada's North. Victoria Gold Corp. April 10 announced that its Eagle Mine in the Yukon produced 29,580 ounces of gold during the first quarter of 2024, which is about 21% less than the first three months of last year. Despite starting off well below the pace to produce the roughly 175,000 oz projected for this year, the company is confident that...
Gold exploration company adds new fully-owned property in the Yukon to higher-priority list. Sitka Gold Corp. April 23 announced that it has exercised its option to acquire full ownership of the Barney Ridge property next to the company's RC Gold project in Yukon, Canada. The 376-square-kilometer (145 square miles) contiguous district-scale land package in the heart of Yukon's Tombstone Gold Belt, RC Gold, is one of the largest consolidated land packages in the Yukon. This...
