The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 101 - 125 of 291
Victoria Gold Corp. Oct. 12 reported a record-setting quarter on several fronts at its Eagle Mine in the Yukon, including the ounces of gold recovered. The recently established open pit mine and heap leach recovery operation at Eagle produced 55,827 oz of gold during the third quarter, roughly 58% higher than the same period of 2020 and nearly matching the 58,899 oz produced during the entire first half of this year. Records are made to be broken, and Victoria does not see the...
Rockhaven Resources Ltd. Nov. 3 reported the successful completion of a 72-hole diamond drill program at its road-accessible Klaza gold-silver project in the Dawson Range Gold Belt of southern Yukon. Originally slated to be 12,000 meters, the 2021 program at Klaza was expanded to 14,256 meters of drilling that included 11 resource expansions, 31 resource upgrades, and 30 exploration holes. A 2020 preliminary economic assessment outlines plans for a mine at Klaza that would...
Building upon a strong relationship it has made with Doyon Ltd., Tectonic Metals Inc. has entered into an agreement to lease the Flat gold project owned by the Alaska Native Claims Settlement Act regional corporation. Located about 25 miles north of the Donlin Gold project being advanced under a joint venture between Barrick Gold Corp. and Novagold Resources Inc., the 92,160-acre Flat property hosts intrusive-hosted, sheeted quartz vein gold mineralization similar to that...
Victoria Gold Corp. Sept. 15 announced that it has been included in the Toronto Stock Exchange's 2021 TSX30, a flagship program recognizing the 30 top-performing TSX stocks over a three-year period based on dividend-adjusted share price appreciation. Trading under the TSX ticker symbol VGCX, Victoria shares have risen 251% over the 3-year span considered for inclusion in the 2021 TSX30, ranking the Yukon gold miner thirteenth on the list. "On behalf of the company, I am very... Full story
Banyan Gold Corp. Aug. 23 reported assay results for the next five drill holes at Powerline, returning more strong results and further demonstrating the size potential of this gold deposit on the company's AurMac property in Yukon, Canada. Located about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Gold Mine, AurMac hosts 52.58 million metric tons of inferred resource averaging 0.54 grams per metric ton (903,945 oz) gold in two deposits – Powerline and A...
Victoria Gold Corp.'s Eagle Gold Mine produced 20,744 ounces of gold in August, a month record for Yukon's largest mine. The recently established open pit mine and heap leach recovery operation at Eagle produced 58,899 oz of gold over the first six months of 2021. While this is a 51% increase over the same period in 2020, it was well below the pace needed to achieve the roughly 200,000 oz/year production envisioned. Gold recoveries at heap leach systems in northern climates,... Full story
Strategic Metals Ltd. Aug. 6 announced significant tin mineralization in samples collected at its Oli and Bix critical mineral projects in the prolific Tombstone-McQuesten mineral belt of central Yukon. Hardrock deposits in the Tombstone-McQuesten belt include Alexco Resource Corp.'s Keno Hill silver-lead-zinc mines; Victoria Gold Corp.'s Eagle gold mine and Mar tungsten deposit; Banyan Gold Corp.'s AurMac gold deposit; and Golden Predator Mining Corp.'s Brewery Creek gold...
Victoria Gold Corp. July 12 reported that its Eagle Mine in the Yukon produced 32,140 ounces of gold during the second quarter of 2021. As a result, the recently established open pit mine and heap leach recovery operation produced 58,899 during the first half of this year, a 51% increase over the same period in 2020. Gold production at heap leach operations such as Eagle lags behind mining, crushing, and ore stacking. Additionally, gold recoveries at heap leach systems in...
Banyan Gold Corp. June 21 reported that assay results from an additional five holes drilled this year at its AurMac property in the Yukon have identified particularly strong gold mineralization to the east of the company's Powerline deposit. Located about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Gold Mine, AurMac hosts 52.58 million metric tons of inferred resource averaging 0.54 grams per metric ton (903,945 oz) gold in two deposits – Powerline and A...
Victoria Gold Corp. May 25 announced that an expanded 2021 exploration program that includes 15,000 meters of drilling focused on establishing a maiden resource at the Raven gold target is now underway at the company's Dublin Gulch property in the Yukon. "Victoria is excited to begin the 2021 exploration program at Raven," said Victoria Gold President and CEO John McConnell. Located about 13 kilometers (eight miles) east of Victoria's Eagle Mine, Raven is a large,...
The ultimate goal for most junior exploration companies is to discover and advance a mineral deposit to the point that it is large and rich enough to attract the attention of a major mining company to swoop in and nab a stake through an investment in the project or even an outright buyout of the junior. Sometimes, if the global market conditions are right and the project shows enough promise, majors will invest in a project long before an economically viable mining project... Full story
Banyan Gold Corp. June 14 announced the start of an initial phase of 2021 drilling at the Aurex Hill target on its AurMac gold project about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Mine in the Yukon. AurMac hosts 52.58 million metric tons of inferred resource averaging 0.54 grams per metric ton (903,945 oz) gold in two deposits – Powerline and Airstrip. Aurex Hill is an intriguing resource expansion target that lies about 1,200 meters east of Powerline. "...
Coeur Mining Inc. is investing roughly US$117.2 million (C$141.7 million) to acquire a 17.8% interest in Victoria Gold Corp. and its Eagle Gold Mine in Canada's Yukon – a foothold that could see the Chicago-based miner gaining a much larger position in a northern gold mine it has been keeping an eye on. "We have long admired the quality of Victoria's Eagle asset and its recent success in ramping up operations," said Coeur Mining President and CEO Mitchell Krebs. Victoria t...
Strategic Metals Ltd. April 22 announced that it has granted Upper Canada Mining Inc. the right to earn up to a 70% interest in the Mount Hinton gold project in the Yukon. Upper Canada Mining is a privately held, Calgary, Alberta-based minerals exploration and mining company primarily focused on gold and silver. Mount Hinton is a good fit for such a company. Found along the southeast side of Alexco Resource Corp.'s Keno Hill Silver Mine property and about 22 miles (35 kilomete...
Banyan Gold Corp. May 18 reported assay results from five holes that are continuing to outline consistent zones of gold mineralization in expansion targets at the Powerline deposit on the AurMac project about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Mine in the Yukon. AurMac hosts 52.58 million metric tons of inferred resource averaging 0.54 grams per metric ton (903,945 oz) gold in two deposits – Powerline and Airstrip. Airstrip hosts 46 million metric t...
Victoria Gold Corp. April 6 reported that its Eagle Mine in the Yukon produced 26,759 ounces of gold during the first quarter of 2021. While significantly less than the 45,000- to 50,000-oz quarterly average the company hopes to achieve this year, it is a 250% increase over the 10,544 oz produced during the first quarter of 2020 and ahead of the schedule for this year. Gold production at a heap leach operation such as Eagle lags behind mining, crushing, and ore stacking. With...
Banyan Gold Corp. April 21 said the final set of assay results from the 2020 drill program at its AurMac project in the Yukon continue to confirm the expansion potential of the near-surface Powerline gold deposit. "All of these final 2020 step-out diamond drill holes to the east of the Powerline deposit intersected gold mineralization and have demonstrated gold mineralization remains open in all directions – a further validation of the expansion potential of the n...
Rockhaven Resources Ltd. Feb. 18 announced that its 2020 drilling tapped new bonanza grade gold-silver encountered during a 2020 drill program targeting areas that lie outside the already defined deposit on its road-accessible Klaza project about 50 kilometers (31 miles) west of Carmacks, Yukon. A preliminary economic assessment completed last year outlines plans for a mine at Klaza that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over a 12-year...
Victoria Gold Corp. March 1 announced that it estimates between 180,000 and 200,000 ounces of gold production at Eagle Mine during 2021, the first full year of commercial production at the newly established Yukon operation. Reaching commercial production on July 1, Eagle Mine produced 116,644 oz gold during 2020, which included 38,896 oz recovered during non-commercial production over the first six months of the year. During the first three months of commercial production,...
As the historian Murray Morgan once observed, Seattle residents "tend to look on Alaska as their very own... Seattle stores display sub-arctic clothing, though Puget Sound winters are usually mild; Seattle curio shops feature totem poles, though no Puget Sound Indian ever carved one." This perception is possibly one of the largest legacies of the Klondike Gold Rush, which links Seattle and the Last Frontier in the public mind. Yet, the success and brotherhood shared between... Full story
Banyan Gold Corp. Feb. 24 announced the final assay results from a 2020 drill program that significantly expanded the footprint of gold mineralization at AurMac, a road accessible project about 56 kilometers (35 miles) northeast of Mayo, Yukon and roughly 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle gold mine. According to a May calculation, two at-surface deposit at AurMac host 52.58 million metric tons of inferred resource averaging 0.54 grams per metric...
From the first glimpse of a potential new discovery to watching the first load of ore pour into a new mill, mineral explorers working in Yukon Territory during 2020 reported experiencing the full gamut of mining highs. Encouraged by the commissioning of the Eagle Gold Mine, government grants for exploration projects, and metals prices, dozens of juniors rushed to the Yukon to chase prospects in the northern territory. "Based on the historic trends, coming into 2020, it looked... Full story
White Rock Minerals Ltd. and AuStar Gold Ltd. Feb. 2 announced plans to merge into a larger mining company with a world-class portfolio of assets that include the large Red Mountain silver-zinc-gold-lead and Last Chance gold projects in Alaska, and a portfolio of exploration to producing gold assets in Australia. Under the arrangement proposed by the two companies, White Rock will acquire AuStar by issuing 0.78 White Rock shares for every AuStar share issued to shareholders....
Rockhaven Resources Ltd. is advancing its high-grade Klaza gold-silver project in southwestern Yukon towards permitting and development. A preliminary economic assessment completed mid-2020 envisions a mine at Klaza that would produce roughly 750,000 ounces gold and 13.8 million oz silver over a 12-year mine life. The Klaza mine outlined in the PEA is calculated to generate a post-tax net present value (at a 5% discount) of C$378 million and a 37% internal rate of return. The... Full story
Banyan Gold Corp. posted a maiden 903,945-ounce inferred gold resource for AurMac, the new name for the company's combined Aurex and McQuesten properties in the Yukon. A road accessible project about 56 kilometers (35 miles) northeast of Mayo and roughly 10 kilometers (six miles) south of Victoria Gold Corp.'s Eagle gold mine, AurMac hosts at-surface deposits – Airstrip and Powerline – along with other drill-ready targets. Banyan's drilling over the previous two years has f... Full story
