The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 176 - 200 of 291
Victoria Gold Corp. is well on its way to reaching its ultimate goal, pouring the first bar of gold at its Eagle Mine project this year. Located in the heart of the Yukon, about 85 kilometers (53 miles) north of the community of Mayo, Victoria's Eagle Gold Mine is expected to produce 200,000 ounces of gold annually over a 10-year mine life. Victoria broke ground on pre-development activities at Eagle in 2017 and ramped up development of the open-pit, heap-leach pad and...
Victoria Gold Corp. Dec. 28 announced that it has raised C$1.68 million for further exploration on its Dublin Gulch gold property in the Yukon. Dublin Gulch is home to the Eagle Gold Mine project, an open-pit, heap-leach operation that is expected to produce an average of roughly 200,000 ounces of gold annually over a 10-year mine life from 116 million metric tons of reserves averaging 0.67 grams per metric ton (2.66 million oz) gold. Well past the midway point of the construc...
Victoria Gold Corp. Dec. 3 reported that its 2018 drill program has discovered another gold zone at Dublin Gulch, the expansive Yukon property that hosts the Eagle Gold Mine project. Victoria is currently developing an open-pit, heap-leach operation at Eagle Gold that is expected to average roughly 200,000 ounces of gold annually over a 10-year mine life from 116 million metric tons of reserves averaging 0.67 grams per metric ton (2.66 million oz) gold. The construction of...
New gold mines are expected to drive strong economic growth in Nunavut and Yukon over the next several years, according to the latest Territorial Outlook published by The Conference Board of Canada. The non-profit think tank focused primarily on researching and analyzing economic trends, however, forecasts a shrinking economy for Northwest Territories as the diamond sector there matures. Despite a tepid recovery for the mining sector as a whole, the new mines being developed...
Victoria Gold Corp. July 18 said that while construction crews develop the Eagle Gold Mine, exploration continues across the wider Dublin Gulch property in the Yukon. "While mine construction is Victoria's primary focus this year, the company does not intend to let the untapped mineral potential of the Dublin Gulch property remain untested," said Victoria Gold President and CEO John McConnell. The open-pit, heap-leach operation being developed at Eagle Gold is expected to...
Nighthawk Gold Corp. June 13 reported a 24 percent increase in the gold resource for the Colomac gold project at the company's Indin Lake property in Northwest Territories. Incorporating the results from 913 historical holes and 175 holes completed by Nighthawk from 2012 through 2017, Colomac now hosts 50.3 million metric tons of inferred resource averaging 1.62 grams per metric ton (2.61 million ounces) of gold. Located about 160 kilometers (100 miles) north of Yellowknife,...
Mining is expected to fuel strong economic growth in Nunavut and Yukon in the coming years, according to The Conference Board of Canada's latest Territorial Outlook. "With many new mining projects on the horizon in Nunavut and Yukon, growth is expected to take off over the next five years," said Marie-Christine Bernard, director, provincial and territorial forecasting, The Conference Board of Canada. The conference board's outlook for Northwest Territories, however, is not...
Constantine Metal Resources Ltd. May 1 said it intends to raise C$10 million through a non-brokered private placement that will include a major strategic investment from Electrum Strategic Opportunities Fund II L.P., an investment fund managed by The Electrum Group LLC. Altius Minerals Corp. and John Tognetti, a major shareholder and Constantine Metal insider, are also slated to participate in the financing. "We welcome the Electrum 'family' as a major shareholder, who we...
Victoria Gold Corp. April 16 announced that it received an initial C$174 million of a C$505 million financing package the company put together for the development of the Eagle Gold Mine project on its Dublin Gulch property in the Yukon. This financing package involves two credit facilities totaling US$175 million (roughly C$220 million); a private placement of Victoria common shares to two separate subscribers for a total of C$125 million; a C$98 million royalty financing;...
Victoria Gold Corp. March 5 announced that it has signed paperwork with Orion Mine Finance, Osisko Gold Royalties Ltd. and Caterpillar Financial Services Ltd. that pulls together a roughly C$505 million financing package – enough to complete development of the Eagle Gold Mine project on its Dublin Gulch property in the Yukon. This financing package involves two credit facilities totaling US$175 million (roughly C$219 million); a private placement of Victoria common shares t...
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... Full story
Since investing roughly US$70 million to acquire a 28 percent stake in Novagold Resources Inc. in 2009, American billionaire Thomas Kaplan and his Electrum Group of companies have taken a keen interest in some of the more intriguing mineral exploration companies and projects in Alaska and across Canada's North. Kaplan, an Oxford-educated historian that began investing in natural resources in the 1980s, knows that gold has served as a currency throughout mankind's written histo... Full story
11 is a milestone year for Kinross Gold Corp. – 25 years as a growing force in the global gold mining sector. Over its first quarter-century, Kinross has grown exponentially, from producing 83,000 ounces of gold with 1.6 million oz of reserves in 1993 to a major expected to produce 2.5 million gold-equivalent-oz from 25.9 million oz of gold reserves in 2018. This dramatic expansion is largely due to Kinross' two-pronged exploration strategy – focusing its own efforts on high... Full story
Australia-based White Rock Minerals Ltd. set its sights on Alaska's vast and underexplored mineral potential when it acquired Red Mountain, a zinc-rich volcanogenic massive sulfide project about 60 miles south of Fairbanks, in 2016. While the two main deposits at Red Mountain – Dry Creek and West Tundra Flats, or WTF – had more than 120 historical holes drilled into them when White Rock acquired the property, a deposit had not been defined to modern reporting standards unt... Full story
Victoria Gold Corp. is transitioning from mining explorer to developer with its sights firmly locked on building Yukon Territory's next mine. Toward this goal, the company signed paperwork with Orion Mine Finance, Osisko Gold Royalties Ltd. and Caterpillar Financial Services Ltd. that pulls together a roughly C$505 million financing package – enough to complete development of the Eagle Gold Mine project on its Dublin Gulch property in Yukon. This financing package involves two... Full story
Victoria Gold Corp. has its sights set on developing its Eagle Gold deposit at its Dublin Gulch property into the Yukon's next major gold mine. As development crews begin shaping the coming mine, the exploration team is finding new deposits of gold across the 555-square-kilometer (214 square miles) property. The open-pit, heap-leach operation at Eagle Gold is expected to produce 190,000 ounces of gold annually over a 10-year mine life from 116 million metric tons of reserves...
As some of the world's biggest gold miners nab exciting plays that turned up across Yukon Territory during the past decade, Yukon's mining explorers continue to seek the next generation of mine projects in the northwestern-most Canadian territory. Many of the up and coming mines in Yukon also are getting a boost from C$360 million in upgrades to roads into some of Yukon's richest mining districts. Known as the Yukon Resource Gateway project, the endeavor to modernize... Full story
Victoria Gold Corp. Nov. 7 said the C$40 million of pre-development activities at its Eagle Gold Mine project in the Yukon are nearly complete. This program, structured to de-risk the earthwork areas of the mine development project and to prepare the site for efficient construction activities, included: heap leach embankment preparation; control pond construction; project access road and bridge upgrades; pioneering of site roads to the crusher area and gold recovery plant;...
Rockhaven Resources Ltd. Dec. 4 announced the discovery of several new mineralized structures at it Klaza gold-silver project in southern Yukon. These discoveries include a series of new mineralized veins identified with a single drill fence consisting of five holes across an area north of the current resource area where no previous drilling or trenching had been carried out. This drilling targeted a number of linear magnetic and electro-magnetic anomalies, similar to those...
Victoria Gold Corp. Sep. 25 reported results are from the 14 exploration holes drilled at the Eagle Extension zone, a previously under-tested area immediately west of the proposed Eagle Gold Mine. Highlights include: 21.3 meters of 0.64 grams per metric ton gold starting at a depth of 50.3 meters; 64 meters of 0.52 g/t gold from 30.5 meters; and 26.7 meters of 0.76 g/t gold from 43.3 meters. Earlier this year, Victoria Gold had similar success in drilling Eagle West, another zone that had limited previous drilling about 200...
Zonte Metals Inc. Oct. 6 said a late summer exploration program indicates the potential for widespread gold mineralization at McConnells Jest, an exploration project immediately west of Victoria Gold's Dublin Gulch property in the Yukon. This program included five holes testing three targets - Hill, Two Four and Pink Mountain. Hole MJ-04, drilled at the Two Four Target, cut 20.5 meters of 0.72 grams per metric ton gold from a depth of 61.4 meters and 20.3 meters of 0.69 g/t gold from 122.2 meters. Drilling at Pink Mountain...
Victoria Gold Corp. Oct. 10 reported results from four holes testing areas adjacent to and below the open-pit reserves at its Eagle Gold Mine project on the Dublin Gulch property in the Yukon. Drilled outside the pit outlined in a 2016 feasibility study for Eagle Gold, hole DG17-910C cut 423 meters averaging 0.59 grams per metric ton gold from a depth of 221 meters, including 25.5 meters of 1.97 g/t from 612.5 meters. Victoria said the four Eagle Deep holes, each drilled to about 600 meters, demonstrate the upside potential...
Victoria Gold Corp. Oct. 17 said it has identified another zone of gold mineralization between Eagle Gold and Olive-Shamrock, the first two deposits slated for development at the Eagle Gold Mine at the Dublin Gulch property, Yukon. Known as Catto, this newly drilled zone is the site of historic high-grade gold mines but has seen only cursory modern exploration. Highlighted from 11 holes drilled by Victoria this year include: 24.4 meters of 1.64 grams per metric ton gold from a depth of 33.5 meters in hole DG17-867C; 21.4 mete...
Victoria Gold Corp. Oct. 23 reported 624.1 meters of 0.5 grams per metric ton gold was encountered across the entire length of the second hole drilled at Eagle Deep, an extension of the Eagle Gold zone at its Dublin Gulch property in the Yukon. This long intercept in this hole, DG17-922, included 371.1 meters of 0.65 g/t gold from 185.9 meters; 37.2 meters of 1.27 g/t gold from 249.8 meters; and 38.8 meters of 1.2 g/t gold from 468.3 meters. This is the second of four holes...
Victoria Gold Corp. Sep. 18 reported results from the first 11 holes drilled at the Spinach target, a previously untested area north of the Olive-Shamrock deposit at the Dublin Gulch gold property in the Yukon. Highlights from this drilling include 14.3 meters of 1.04 grams per metric ton gold in hole DG17-866C; 6.1 meters of 2.38 g/t gold in DG17-860C; and 5 meters of 4.26 g/t gold in DG17-857C. "These first drill holes from the Spinach target underscore the high-grade...
