The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 126 - 150 of 292
The territories of northern Canada, so far, appear to have escaped the novel coronavirus pandemic that is currently sweeping the globe. This is due, in part, to the remoteness of the region. But it's also likely the result of extraordinary steps some mining companies are taking to keep COVID-19 out of the region. Sabina Gold & Silver Corp., a Canadian junior aggressively seeking gold in Nunavut, for example, reported March 17 to delay the start of its 2020 exploration program...
Strategic Metals Ltd. Jan. 13 reported strong gold and silver mineralization in the final batch of assay results from the 2020 drill program at the company's road accessible Mount Hinton project in Yukon's Keno Hill District. Located about 35 kilometers (22 kilometers) southeast of Victoria Gold Corp.'s Eagle Gold Mine, Mount Hinton is an early staged gold and silver exploration project where 2019 surface sampling collected rocks with up to 2,340 grams per metric ton (75.23...
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...
As Victoria Gold Corp. ramped up to commercial production at its Eagle Gold Mine in the Yukon, the company continued to explore for new lodes of gold across the 555-square-kilometer (214 square miles) Dublin Gulch property where the recently constructed operation is located. "We remain bullish on the geological potential of the broader Dublin Gulch property and while the Eagle Gold Mine is the first to production, we hold strong conviction other deposits will follow," said...
Victoria Gold Corp. Jan. 6 reported that its Eagle Gold Mine produced 42,174 ounces of gold during the final quarter of 2020. This strong quarterly output pushed the Yukon operation's second half production to 77,748 oz of gold, which topped the company's COVID-adjusted guidance of 72,000 to 77,000 oz for the final six months of 2020. Including the 38,896 oz of gold recovered during non-commercial production over the first six months of 2020, Eagle produced 116,644 oz gold...
Banyan Gold Corp. Jan. 6 provided a recap of the milestones achieved during its 2020 program on its AurMac and Nitra gold properties in the Yukon. A road accessible project about 56 kilometers (35 miles) northeast of Mayo and roughly 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle gold mine, AurMac hosts at-surface deposits – Airstrip and Powerline – along with other drill-ready targets. According to a May calculation, AurMac hosts 52.58 million metric tons of in...
Victoria Gold Corp. Dec. 8 reported high-grade gold results from trenching and drilling carried out this year at Lynx, an early stage exploration target about nine kilometers (5.6 miles) southeast of the Eagle Mine. The 2020 exploration work at Lynx consisted of a focused program that included 720 meters of trenching, 590 meters of diamond drilling in four holes, and the collection of more than 1,600 grid-based soil samples. Highlights from the trenching include: • 46 m...
Resting on the eastern fringe of the Misty Fjords National Monument, at the head of Portland Canal, the Southeast Alaska mining town of Hyder survives through a symbiotic relationship with Stewart, a British Columbia mining town that lies just two miles (3.2 kilometers) to the east. Persisting for over a century as a town that identifies more closely with its Canadian neighbor than distant Alaska towns, Hyder found its lifeline being nearly cut off by the coronavirus...
Victoria Gold Corp. Nov. 16 reported long intersection of strong gold mineralization in the final 13 holes drilled at the Raven target on the company's 555-square-kilometer (214 square miles) Dublin Gulch property in the Yukon. Discovered in 2018, Raven is a near surface gold target about 13 kilometers (eight miles) east of Victoria's Eagle Gold mine. The 2020 drill program at Raven extended high-grade gold mineralization there to 750 meters along strike, which is triple the...
Banyan Gold Corp. Nov. 16 reports that recent assay results demonstrate the expansion potential of the Powerline zone on the company's AurMac gold property in the Yukon. A road accessible project about 56 kilometers (35 miles) northeast of Mayo and roughly 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle gold mine, AurMac hosts at-surface deposits – Airstrip and Powerline – along with other drill-ready targets. According to a May calculation AurMac hosts 52....
Victoria Gold Corp. Oct. 10 reported that its Eagle Gold Mine in the Yukon produced 35,312 ounces of gold during the third quarter, which was lower than expected due to bottlenecks in the production circuit. In July, the company forecast Eagle would produce 85,000 to 100,000 oz of gold during the second half of 2020, or an average of 42,500 to 50,000 oz per quarter. While the gold production is below pace, Victoria is pleased with the performance of the newly commissioned...
Victoria Gold Corp. Oct. 19 reported wide sections of strong gold mineralization during the 2020 drill program at Raven, the newest discovery on the company's 555-square-kilometer (214 square miles) Dublin Gulch property in the Yukon. Discovered by Victoria geologists in 2018, Raven is a near surface gold target about 13 kilometers (eight miles) east of the company's Eagle Gold mine. Trenching at Raven in recent years has encountered strong gold mineralization. Highlights...
Banyan Gold Corp. Sept. 21 reports that step-out drilling has extended the strike of the Airstrip deposit on its AurMac property in the Yukon by roughly 200 meters. Airstrip is the larger of two deposit at AurMac, 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. According to a resource calculated earlier this year, Airstrip hosts 46 million metric tons of inferred...
Ten years ago, Yukon Territory witnessed a minor stampede of mineral explorers, hoping to cash in on new gold discoveries in the White Gold District south of Dawson City. A decade later, gold hunters are again targeting prospects across the northern Canadian territory, drawn by the recent successful startup of a new gold mine at Victoria Gold Corp.'s Dublin Gulch Property east of Dawson City in central Yukon as well as discoveries of other rich aurum deposits in Yukon....
Strong gold prices and the smooth ramp up to commercial production at its Eagle Mine is allowing Victoria Gold Corp. to pay off the loans taken out to develop the Yukon operation quicker than scheduled. On Aug. 5, the mineral explorer turned gold producer made an unscheduled US$10 million payment towards the interest and principal of its US$100 million senior secured credit facility. Victoria made its first regularly scheduled payment of US$7,133,266 toward the principle of...
Victoria Gold Corp. July 27 announced that crews at its Eagle Gold Mine in the Yukon have worked two years without a lost time incident. While a commendable achievement on its own, this safety milestone is particularly exceptional when you consider that this two-year span encompasses mine construction, transition to commercial mining operations, and the complexities arising from COVID-19 travel restrictions and protocols. "Even with recent major announcements including...
Strategic Metals Ltd. July 27 announced the start of a 7,000-meter drill program at Mount Hinton, a high-grade gold-silver project in the Keno Hill district of central Yukon. The Mount Hinton property hosts numerous high-grade, gold-silver veins developed in a series of structural zones that cut across the same quartzite unit that hosts the very high-grade silver veins for which the Keno Hill district is renowned. Strategic said the 2020 program, the first large-scale diamond...
From sourdoughs dipping pans into creeks at the northern edge of the frontier to enormous haul trucks dumping ore on a heap leach pad, the story of Dublin Gulch is a 125-year saga of trials and triumphs that culminates in the rise of Eagle Gold, the largest gold mine ever to be built in the legendary Yukon Territory. Like many of the tales of Yukon and Alaska's gold rush days, the Dublin Gulch journey begins with Jack McQuesten, oft called the father of the Yukon, and his...
After 11 years of triumphs and travails, Victoria Gold Corp. has achieved commercial production at Eagle, the largest gold mine in the Yukon's storied history. Like any modern hardrock gold operation, however, the tale of the Eagle Gold Mine reaches much further back into the annuls of history. In "Dublin Gulch, A History of the Eagle Gold Mine", Michael Gates tells a 125-year saga of dedication, determination, and a small mining company with large aspirations of building a mi...
Victoria Gold Corp. July 7 announced that its Eagle Mine in the Yukon produced 13,828 ounces of gold during June. This is the best month for the mine that achieved commercial production on July 1. "Since restarting stacking mid-March, we have steadily seen an increase in monthly gold production," said Victoria Gold President and CEO John McConnell. "With the increasing price of gold, our June production has a value of greater than C$30 million." Gold output at Eagle has been s...
Victoria Gold Corp. celebrated Canada Day with the declaration of commercial production at its Eagle Gold Mine in Canada's Yukon Territory. Since pouring the first bar of gold at Eagle last September, Victoria has been steadily scaling up operations at the Yukon Mine. With mining, crushing, processing, and maintenance operations performing at a high level, the exploration turned gold producing company declared commercial production. "Site activities continue to progress well,...
Victoria Gold Corp. June 23 announced it has kicked off a C$6 million exploration at Dublin Gulch, the 555-square-kilometer property that hosts the company's new Eagle Gold Mine in Canada's Yukon. "With Eagle now in production, 2020 will see a robust exploration campaign within the broader Dublin Gulch camp," said Victoria Gold President and CEO John McConnell. This program will focus primarily on further drilling and trenching near-surface high-grade gold occurrences at...
In another example of mining companies across the North stepping up to help their local communities during the ongoing COVID-19 pandemic, Victoria Gold Corp. donated C$100,000 to the Food Bank Society of Whitehorse, which provides emergency food to Yukoners. "We're so pleased to be able to support Yukoners in need as COVID-19 continues and our food banks face the front lines of the pandemic," said Victoria Gold President and CEO John McConnell. "The health, safety and...
Victoria Gold Corp. May 11 reported strong performance at its newly developed Eagle Gold Mine in the Yukon, thanks in part to the company's COVID-19 action plan. Mining, crushing and stacking ore on the leach pad at Eagle increased significantly during April. As a result, the company reported a significant increase in gold production last month, a trend that is expected to continue in the coming months. Eagle produced 6,768 ounces of gold during April, compared to a total of...
Banyan Gold Corp. May 25 announced a 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...
