The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 201 - 225 of 291
With a goal of bringing more gold into the mine plan for its Eagle Gold project, Victoria Gold Corp. ratcheted up exploration at its Dublin Gulch property in central Yukon Territory. This work focused on Olive-Shamrock, a pair of zones about 2,500 meters northeast of the main Eagle Gold deposit that had no resource estimate going into 2016. The company said Olive and the adjacent Shamrock deposit have the potential to enrich Eagle project economics by adding higher-grade ore, increasing flexibility in mine planning and...
Mineral exploration in Yukon began 2016 much like it finished 2015... Challenging equity market conditions and cautious investors meant junior exploration companies started the season conservatively. The industry got a boost early in the season with the mid-May announcement of Goldcorp’s (www.goldcorp.com) interest in Kaminak Gold’s (http://kaminak.com) Coffee property. By the time Kaminak shareholders approved the C$520 million deal in July, companies were raising money, expanding field programs and making deals across the...
Like a gong proclaiming the end of the long and arduous bear market for North of 60 mining explorers, the May 12 news that Goldcorp Inc. would buy Kaminak Gold Corp. for roughly C$500 million reverberated from Yukon Territory throughout the North. While the rich lure of developing a mine at Kaminak's robust Coffee gold project lured Goldcorp to the Yukon, it was the exploration potential and the ability to permit and build a mine that convinced the producer to expand into the...
Victoria Gold Corp. April 20 reported plans to raise C$24 million through a private placement of 80 million units at C30 cents each. Electrum Strategic Opportunities Fund L.P. has subscribed to 60 million of the offered units and Sun Valley Gold LLC has subscribed to the remaining 20 million units. Upon closing of the private placement, Electrum is expected to own roughly 13.6 percent of Victoria Gold's issued and outstanding shares while Sun Valley, already a significant shareholder, will increase its ownership to around 18...
Alaska’s congressional delegation is once again eliciting greater Obama Administration involvement in the potential development of numerous mines being considered on northwestern British Columbia waterways that drain through Southeast Alaska. “Like most Alaskans, we strongly support responsible mining, including mines in Southeast Alaska, but Alaskans need to have every confidence that mining activity in Canada is carried out just as safely as in our state,” the trio of Alask...
Victoria Gold Corp. Jan. 19 announced that it plans to carry out a C$6.2-million initial phase of 2017 exploration at its Dublin Gulch property which hosts the Eagle Gold project and a number of outlying exploration targets. The majority of the planned gold exploration activities will be focused on the Dublin Gulch claim block with a subordinate amount of exploration work set to be conducted on regional targets within the company's larger Yukon property holdings portfolio. "2017 will be an exciting and busy exploration...
Victoria Gold Corp. June 5 reported results from the first 22 holes drilled into the Eagle West zone, a new Dublin Gulch target immediately adjacent to the Eagle Gold deposit. Highlights from these initial holes include 21.3 meters of 2.11 grams per metric ton gold in hole DG17-805C; 21 meters of 0.88 g/t gold in DG17-783C; and 16.2 meters of 0.85 g/t gold in DG17-779C. The company said these results show the potential to add gold to the development phase Eagle Gold mine project. The 2017 Dublin Gulch exploration program has...
Strikepoint Gold Inc. June 7 reported the start of its first exploration program at Mahtin, a Yukon gold project about 40 kilometers (25 miles) southwest of Victoria Gold's Eagle Gold mine project. Early in 2017, Strikepoint cut a deal to acquire 22 Yukon properties from IDM Mining that have been the target of roughly C$25 million of exploration by Ryan Gold Corp. Of these, Strikepoint has selected three - Mahtin, Pluto and Golden-Oly - as ready to be drilled. In preparation for the arrival of a drill to Mahtin, an...
Victoria Gold Corp. June 7 reported that a reduction in the Yukon corporate tax has improved the economics of its Eagle Gold project. In April, Yukon Finance Minister Sandy Silver announced that Yukon's general corporate tax rate will be lowered from 15 to 12 percent. A recalculation on the economic parameters detailed in a 2016 feasibility study for Eagle Gold shows that the after-tax net present value (5 percent discount for developing a mine there increases from C$508 million to C$527 million under the new tax structure;...
Victoria Gold Corp. July 24 reported the results from an additional 17 holes drilled at Eagle West, a zone of gold mineralization situated 500 meters northwest of the main Eagle Gold deposit at the company's Dublin Gulch project in the Yukon. Highlights from this latest batch of results include 31.5 meters of 0.99 g/t gold from 56.4 meters in hole DG17-809C; 35.3 meters of 1.03 g/t gold from 34.2 meters in hole DG17-821C; and 31.5 meters of 0.77 g/t gold from 7.6 meters in...
Victoria Gold Corp. Aug. 21 announced the start of a C$40 million phase-1 construction program at the Eagle Gold Mine project at the company's Dublin Gulch property in the Yukon. This work is primarily focused on road upgrades, camp expansion and detailed engineering in preparation for more extensive development next year. "This is an exciting milestone in the ongoing development of the Eagle Gold project," said Victoria Gold President and CEO John McConnell. "The phase-1...
Victoria Gold Corp. Sep. 11 reported gold intercepts from drilling untested areas south and west of the main Olive-Shamrock zone on its Dublin Gulch property in the Yukon. Highlights from this drilling at Olive include 33.3 meters of 1.54 grams per metric ton gold in hole DG17-849C; 9.1 meters of 3.14 g/t gold in DG17-856C; and 13.9 meters of 1.56 g/t gold in DG17-889C. "These latest assay results highlight the fact that additional, near-Olive gold mineralization exists at...
Victoria Gold Corp. Aug. 28 reported results from 12 additional holes drilled at the Shamrock deposit at its Dublin Gulch gold property in the Yukon. Highlights from this latest batch of results include 39.6 meters of 1.04 grams per metric ton gold in hole DG17-818C; 22.5 meters of 2.78 g/t gold in DG17-848C; and 16.5 meters of 2.24 g/t gold in DG17-845C. So far, Victoria has completed more than 23,000 meters of drilling at Dublin Gulch this year - encountering gold at...
Strikepoint Gold Inc. March 31 announced plans for at C$2 million of exploration on the Yukon properties it acquired from IDM Mining earlier this year. The total land package includes 22 properties in the Yukon that have been the target of roughly C$25 million of exploration by Ryan Gold Corp. Of these, Strikepoint has selected three - Pluto, Mahtin and Golden-Oly - as ready to be drilled. Strikepoint is planning a 'surgical' exploration program for 2017 that will focus on...
Victoria Gold Corp. April 4 announced the start of a C$6.2 million initial phase of 2017 drilling at its Dublin Gulch gold property in the Yukon. Roughly half of this phase 1 program will be focused on the rapid advancement of the Olive-Shamrock deposit, a satellite to the fully permitted and construction ready Eagle Gold Mine project. The work here will include step-out and definition drilling targeting the expansion of known, near-surface, minable tonnage along the...
Victoria Gold Corp. March 28 said it has entered into an agreement with Finning (Canada), a division of Finning International Inc., to supply the mining fleet for its Eagle Gold mine project in the Yukon. A feasibility study completed in 2016 outlines plans for two open-pit mines with in-valley leach pads that is anticipated to produce 190,000 ounces of gold annually over 10 years of mine life. The Caterpillar mining fleet Finning is to supply this operation will include two...
Victoria Gold Corp. Nov. 22 provided an update on a second phase of drilling at its Dublin Gulch project in the Yukon. This phase of drilling was designed to test for extensions to the mineralized zone at the Olive-Shamrock deposit, which was recently incorporated into a feasibility study for Eagle Gold mine project at Dublin Gulch. Victoria said the results of this phase-2 program support the expansion potential of the Olive-Shamrock deposit, particularly to the northeast....
Zonte Metals Inc. Nov. 17 said it has signed a binding letter agreement to option and acquire full ownership of the McConnells Jest property, adjacent to Victoria Gold Corp.'s Dublin Gulch gold mine project in the Yukon. Sporadic exploration at McConnells Jest since 2010 has identified an intrusion related gold system that shows similarities to Dublin Gulch. Soil sampling has produced numerous multi-element anomalies, several of which correlate with discovered bedrock gold...
Victoria Gold Corp. Sept. 12 reported results of feasibility study that outlines a technically viable and financially robust mine at the company's Eagle Gold project located on the Dublin Gulch property in central Yukon Territory. The operation described in the feasibility study includes a 33,700-metric-tons-per-day mine encompassing two open pits, Eagle and Olive; a three-stage crushing circuit; two in-valley leach pads; and a gold recovery plant. This operation is...
Victoria Gold Corp. July 20 posted another round of results from the spring 2016 Olive-Shamrock exploration program, this time from the Shamrock zone. Highlights from drilling at Shamrock include: 31 meters of 1.3 grams per metric ton gold from a depth of 28.9 meters in hole DG16-707C; 28.2 meters of 1.35 g/t gold from a depth of 93.5 meters in hole DG16-714C; 58.4 meters of 0.95 g/t gold from a depth of 38.5 meters in hole DG16-715C; 97.7 meters of 0.93 g/t gold from a depth...
Victoria Gold Corp. July 5 said it has agreed to purchase a used all-season camp complete with 110 dorm rooms, industrial kitchen, recreational and mud room, and arctic corridors for C$275,000. The company says the camp is in excellent condition and only minor refurbishment is required for full occupancy. In addition to the low price, the camp is located less than 100 kilometers (60 miles) from Victoria's Eagle Gold project ensuring the cost and logistics of moving the camp...
Victoria Gold Corp. June 17 reported that it has raised C$2.85 million through the sale of 4,384,615 flow-through common shares at C65 cents per share. The company plans to use the money for a second phase of 2016 drilling focused on the Shamrock and other targets at its Dublin Gulch gold project in the Yukon Territory. "This flow-through financing is the result of a combination of encouraging factors. First and foremost, the 2016 exploration program at Olive and Shamrock has...
Victoria Gold Corp. June 3 posted results from 13 additional holes of the 2016 Olive-Shamrock drill program. Highlights from this drilling that targets a 500- by 300-meter area between the Olive and Shamrock zones include: 45.7 meters averaging 1.5 grams per metric ton gold in hole DG16-680C and 46 meters of 1.1 g/t gold in DG16-675C. "Results for the 2016 exploration program continue to demonstrate the potential for Olive to become a high-quality deposit within Victoria's...
Victoria Gold Corp. May 24 published the third set of results from its 2016 drilling at Olive-Shamrock, satellite deposits at the Eagle Gold project in Yukon Territory. The company said the assay results from these 10 holes confirm the continuation of gold mineralization between Olive and Shamrock and validates an exploration model currently testing the near-surface mineralization in the Olive-Shamrock Shear Zone. Highlights from the drilling include 22.4 meters of one gram...
Victoria Gold Corp. May 16 released the first metallurgical column test results and heap leach kinetics for the Shamrock zone of its Eagle Gold project in the Yukon Territory. Completed by Kappes Cassidy & Associates, the first column leach test work for Shamrock resulted in a recovery of 88 percent gold at a crush size of P(100) 9.5 millimeters and 83 percent gold recovery at P(100) 75 millimeters crush size after only 43 days of leaching. Material for the column test was tak...
