The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 151 - 175 of 291
After being stalled for decades, hardrock gold mine development in Yukon Territory appears to be picking up speed, as one company rockets toward full mine production by mid-2020, while at least two others report exciting new discoveries. The Yukon, legendary for producing millions of ounces of gold dating back nearly 125 years, is still one of the best places on Earth to find the precious metal. Yet few modern gold projects have managed to overcome the constraints imposed by...
Victoria Gold Corp. Dec. 9 reported that its summer exploration program has expanded the near surface high-grade gold discovered at the Raven target on the company's Dublin Gulch property in the Yukon. Situated about 13 kilometers (eight miles) northeast of Victoria's newly established Eagle Gold Mine, Raven is a 2018 discovery target that has the exploration company turned gold producer excited. Raven is a target within the Nugget zone, which hosts the second largest known in...
Banyan Gold Corp. Dec. 11 reported that the second phase of 2019 drilling at its Aurex-McQuesten project in the Yukon continues to expand gold mineralization at the Airstrip zone. Previous drilling at Airstrip has outlined a roughly 90-meter-thick package of near surface gold mineralization along about 500 meters of strike. The 2019 phase-2 program is designed to extend this zone to 1,000 meters along strike. The latest batch of four holes – MQ-19-54, MQ-19-55, MQ-19-56 and M...
Victoria Gold Corp. Dec. 4 announced a 22 percent increase in gold reserves at Eagle, which is expected to translate into increased annual production at the company's newly developed mine in the Yukon. The Eagle Mine went into production earlier this year with 2.66 million ounces of gold in 123 million metric tons of reserves averaging 0.67 grams per metric ton gold, enough ore for Yukon's newest large mine to produce roughly 200,000 oz of gold annually over an initial...
Victoria Gold Corp. Nov. 25 announced that its Eagle Gold Mine in the Yukon has surpassed 10,000 ounces of gold production. Construction at Eagle Gold was completed in July and on Sept. 17 Yukon's newest large-scale gold mine poured its first bar. At the time, Eagle Gold crews had worked 1,720,843 hours without a lost time incident. This would be a stellar achievement for any workforce but is especially noteworthy when you consider this is a newly formed crew and the work it...
Banyan Gold Corp. Nov. 18 reported that the first four holes of its second phase of 2019 drilling at the Aurex-McQuesten project in the Yukon has tapped gold mineralization in an expansion area of the Airstrip target. The initial phase of 2019 drilling at Aurex-McQuesten included 494 meters of infill drilling at the Airstrip (formerly referred to as McQuesten) zone and 504 meters of discovery drilling at Powerline, a gold zone about 1,000 meters south of Airstrip. Previous...
Banyan Gold Corp. Oct. 2 announced a second phase of 2019 drilling at Aurex-McQuesten, a Yukon gold project about 10 kilometers (six miles) south of Victoria Gold Corp.'s Dublin Gulch property. The 997-meter initial phase of 2019 drilling at Aurex-McQuesten focused on infill drilling at the Airstrip (formerly referred to as McQuesten) gold zone and discovery drilling at Powerline, a gold discovery zone about 1,000 meters south of Airstrip. The Powerline discovery holes cut...
Victoria Gold Corp. poured the first bar of gold at its Eagle Gold Mine on Sept. 17, elevating the former gold exploration company to the echelon of gold producer. "After all the blood, sweat and tears required to explore, develop, permit, finance and build a gold mine in Canada's North, it is extremely gratifying to pour the first gold bar at Eagle," said Victoria Gold President and CEO John McConnell. The inaugural Eagle Gold bar, poured by Yukon Premier Sandy Silver,...
Nova Minerals Ltd. Sept. 11 reported that it has outlined 2.5 million ounces of gold in a maiden inferred resource estimate for the Oxide Korbel deposit on the company's Estelle project in Alaska. Previously known as Oxide Ridge, the Oxide Korbel is located at the northern end of the roughly 18-mile-long Estelle property. The Oxide Korbel discovery hole, drilled by Millrock Resources Inc. in 2011, cut 450.7 meters averaging 0.38 grams per metric ton gold in an area Nova now...
Banyan Gold Corp. Sept. 3 reported that the first four holes from drilling the Powerline zone on the Aurex-McQuesten property tapped gold mineralization similar to that being encountered on Victoria Gold Corp.'s Dublin Gulch property, which is about 10 kilometers (six miles) to the north. Banyan had two objectives for its 2019 exploration program at Aurex-McQuesten – continue to define and increase confidence within the McQuesten gold zone mineralization with infill d...
Victoria Gold Corp. Sept. 3 reported high-grade gold sections within long intercepts of bulk tonnage mineralization from the 2019 drilling at the Raven target within the Nugget zone on the Dublin Gulch property, Yukon. Situated about 6.5 kilometers (four miles) east of Victoria's Eagle Gold deposit, the Nugget zone hosts the second largest known intrusive body on the Dublin Gulch property – the area currently being mined hosts the largest. Raven, a particularly intriguing t...
Nova Minerals Ltd. Sept. 2 said results from this year's drill program at its Estelle gold project in Alaska has cut higher grade, near-surface mineralization within a bulk tonnage gold deposit at Oxide Korbel. Oxide Korbel is a prospect area that roughly covers an area previously referred to as Oxide Ridge toward the north end of the roughly 18-mile-long Estelle property. SE11-01, the Oxide Ridge discovery hole drilled by Millrock Resources Inc. in 2011, cut 450.7 meters...
By 1898, the Klondike Gold Rush was beginning to wane and many of the roughly 100,000 people that trekked to the Yukon were seeking new regions to make their golden fortunes - moving in every direction at the merest mention of a new discovery. Many of these Klondike Gold Rushers headed west to the golden beaches of Nome whilst others would return south and discover the richest gold mining region of British Columbia, the Atlin District. Considered one of the most important...
Yukon Territory, a mineral exploration frontrunner in Canada's North, is witnessing a significant slowdown in 2019. As a result, growth in Yukon's economy is expected to slow this year but rebound in 2020, according to The Conference Board of Canada. In its "Territorial Outlook Economic Forecast: Summer 2019," released in June, the board said new mines coming online in 2020 will drive Yukon's growth in the near future. Several factors, however, have converged to put the...
Nova Minerals Ltd. Aug. 12 reported that the preliminary resource drill program at its Estelle gold project in Alaska has been completed on time and under budget. As a result of the acceleration of its induced polarization (IP) geophysical survey and drill campaign this year, Nova said it has made significant headway toward reporting an initial Australian Joint Ore Reserves Committee- (JORC) compliant for Oxide Korbel, a new occurrence in the Oxide area at the north end of the...
Banyan Gold Corp. July 16 announced the completion of a 1,000-meter drill program at its Aurex-McQuesten gold project near the community of Mayo, Yukon. Banyan had two objectives for its 2019 exploration program at Aurex-McQuesten; to continue to define and increase confidence within the McQuesten gold zone mineralization with infill drilling; and test a largely undrilled target area 1,000 meters south of the McQuesten zone, on the Aurex claim block, that is interpreted to...
Thanks to the start-up of new mines, The Conference Board of Canada forecasts the economies of Canada's territories to grow significantly over the next two years. In Territorial Outlook Economic Forecast: Summer 2019, The Conference Board of Canada foresees the combined economies of Nunavut, Northwest Territories and Yukon expanding by 5.3 percent in 2019 and 4.4 percent in 2020. "Territorial economies are being positively impacted by new mines that are propelling growth in...
Nova Minerals Ltd. June 21 announced the start of drilling at the Oxide gold prospect on the Estelle project about 100 miles northwest of Anchorage, Alaska. The Australia-based explorer plans to complete 5,000 meters of drilling in two phases. The second phase will be decided by the 2,500-meter phase-1 results. "It's great to be back drilling at the district-scale Estelle gold project," said Nova Minerals Managing Director Avi Kimelman. "A great deal of work has gone into...
Victoria Gold Corp. June 4 announced that it is on pace to pour the first bar of gold at its Eagle Mine in the Yukon about a month earlier than previously expected. The soon-to-be gold producer said construction of the Eagle Gold Mine is now 95 percent complete and the first ore is slated to be stacked on the heap leach pad in July. "Construction of the Eagle Gold Mine is nearing completion, ahead of schedule, and the operations team is ready to take advantage by advancing...
Victoria Gold Corp. May 7 reported that construction of Eagle Gold is 90 percent complete and Yukon's next major mine is slated to pour its first gold before the end of the year. "With construction activities on the verge of completion and operations well advanced, the Eagle Gold Mine is nearing reality," said Victoria Gold President and CEO John McConnell. "The mine is ahead of schedule and ready to deliver tremendous value for all Victoria stakeholders for many years to...
Victoria Gold Corp. March 18 reported that crews constructing a mine at the company's Eagle Gold project in the Yukon has exceeded 1 million manhours without a lost time incident (LTI), an injury that results in needing to take off of work. "I am very pleased to report the Eagle Project has passed the one million labor-hours LTI free," said Victoria Gold President and CEO John McConnell. "This is a very significant milestone, requiring a true team effort and I would like to...
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$249.4 million, made up of C$...
While ramping up operations at its Eagle Gold Mine in the Yukon, Victoria Gold Corp. continued to explore the larger Dublin Gulch property where this newest large scale mine in the Yukon is located. "Victoria remains focused on Eagle Gold Mine construction, however the company believes the prospective nature of the greater Dublin Gulch claim block will ultimately develop into a truly rare gold camp along the Potato Hills trend through continued exploration efforts," said Victo...
Kinross Gold Corp. focuses its in-house exploration on high-quality brownfield projects and the discovery of new resources within the existing footprint of several of its mine properties, including extensions of known mineralization, as well as looking at other properties in surrounding districts. The Fort Knox Mine in Interior Alaska is an example of the Toronto-based gold miner's brownfield success. In its 23rd year of operation, this open-pit mine a few miles north of...
Melbourne, Australia-based Nova Minerals Ltd. first looked north to Alaska late in 2017, when it acquired five Alaska properties – Estelle, a gold-copper-silver project about 100 miles northwest of Anchorage; Chip-Loy, a nickel-copper-cobalt-gold-silver-platinum group element project; Bowser Creek, a silver-zinc-lead project; Windy Fork, a rare earth elements property; and Ozzna Creek, a gold-silver-zinc-copper-lead property. Nova Minerals' 2019 exploration focused p...
