The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 226 - 250 of 291
Victoria Gold Corp. March 31 reported that it has begun drilling the Olive-Shamrock target, a satellite zone to the Eagle Gold deposit at the Dublin Gold project in the Yukon Territory. Olive lies 2,000 meters from the proposed infrastructure at the fully permitted Eagle Gold project, where the company plans to develop an open-pit mine and valley heap leach operation that would produce 192,000 ounces of gold annually for roughly nine years, based on probable reserves of 92...
BCGold Corp. March 28 said it will not be acquiring the Wels gold property in western Yukon Territory. In January, BCGold had entered into an agreement with Gorilla Minerals Corp. to acquire full ownership of Wels, subject to a 3 percent net smelter return royalty. To acquire the Wels property, BCGold was to pay C$60,000 in cash and issue 8 million of its shares to Gorilla, following a 5-1 consolidation of BCGold shares. After consolidation its shares on Feb. 29, BCGold has...
Victoria Gold Corp. Feb. 23 said 2016 will be a busy and transformative year at its Dublin Gulch gold project in the Yukon Territory. The work planned for this year includes a C$3.6 million exploration program designed to result in a maiden resource estimate for the Olive-Shamrock zone, a near-surface mineralized target situated roughly 2,000 meters from the fully-permitted Eagle Gold project. Victoria said Olive-Shamrock has the potential to enrich Eagle project economics thr... Full story
BCGold Corp. Jan. 25 said it has entered into a definitive agreement to purchase full ownership, subject to a 3 percent net smelter return royalty, of Gorilla Minerals' Wels gold property in western Yukon Territory. A pre-condition for this acquisition will be a corporate restructuring and the completion of a C$600,000 financing. Insiders and major shareholders from BCGold and Gorilla are expected to participate in this financing. To acquire the Wels property, BCGold will pay...
There's been an awakening. Have you felt it? "Crowdfunding" is emerging as a revolutionary new force in the way mining and mineral exploration companies will raise the cash needed to discover and develop the next generation of mines. "I am not aware of any mining activity in Alaska that has been financed by crowdfunding, although I suspect that methodology will be utilized in the near future," observed Fairbanks-based geologist Curt Freeman. "Unfortunately, its alter-ego, what... Full story
Victoria Gold Corp. Dec. 7 said it has received the Water Use License for its Eagle Gold project, a proposed open-pit heap leach mine in the Yukon projected to produce roughly 200,000 ounces of gold annually. This completes the major mining permits required to advance Eagle through construction and operations. "With the final Water Use License in hand, Eagle represents a truly unique asset, being a fully permitted gold project, with First Nation support, located in Canada,...
Victoria Gold Corp. Nov. 26 said it has raised C$1.75 million for a 2016 exploration program at the Olive and Shamrock gold deposits at its Dublin Gulch property in Yukon Territory. The funds were raised through a non-brokered private placement of 10,329,164 flow-through shares at C17 cents each. "This flow-through financing enables Victoria to continue to explore the high priority Olive and Shamrock targets while preserving the hard dollars in the company treasury,"... Full story
In 2015, junior exploration companies working in Yukon continued to weather the storm of depressed metal prices and cautious markets. Despite the lack of market enthusiasm, exploration spending maintained historically high levels at C$100 million; although one project, the Selwyn-Chihong Selwyn lead-zinc project in eastern Yukon, accounted for 40 percent of the spending. More than 80 exploration programs were undertaken in the territory, ranging from small grassroots projects to multimillion-dollar programs on advanced...
Alaska Lt. Gov. Byron Mallott spent this week getting a firsthand look at trans-boundary water issues from the British Columbia side of the border, where a number of mines are being proposed on water systems that feed rivers that run through Southeast Alaska. "These rivers are key to Southeast Alaska's way of life, including Native cultures, community economies, recreation and subsistence, and, of course, its profitable seafood and tourism industries that employ thousands of... Full story
From Washington D.C. and Ottawa to Juneau and Victoria, Alaska officials are engaging their Canadian counterparts about new generation of northwestern British Columbia mines that could potentially be built upstream of Southeast Alaska. This possible development of a number of copper, gold and other metal mines in Canada's westernmost province has troubled conservationists, fisherman and others in Southeast Alaska for years. The August 2014 tailings dam collapse at the Mount Po...
In 2014, many junior exploration companies work to preserve capital by undertaking modest exploration programs. The injection of funding into the Yukon Mineral Exploration Program continues to be a valuable source of seed money for prospectors and juniors. The Government of Yukon increased its 2014 program funding to C$1.4 million from C$1.17 million in 2013. Forty-eight placer and hardrock exploration projects received funding in 2014. The program also has increased its limits from C$35,000 to C$50,000 matching dollars per...
Unlike its neighbors in the North, the Yukon Territory is forecasting a marked increase in exploration in 2014. While well shy of the roughly C$300 million invested in exploration in 2011, the peak of the modern Yukon gold rush, the C$65 million forecast to be invested on exploration in the Yukon during 2014 is roughly a 45 percent leap over last year. This exploration spending is dominated by an aggressive drill program at the Selwyn zinc project, situated in an area of...
Over the past five years, Kaminak Gold Corp. has rocketed the Coffee project from Yukon Territory's other White Gold property to an expansive set of gold deposits on pace to be the first of the Shawn Ryan discoveries to be developed into a mine. A preliminary economic assessment published in June envisions an open-pit mine and heap-leach facility producing an average of 167,000 ounces of gold annually over the life of mine at an all-in sustaining cash cost of US$688 per... Full story
VIT: TSX.V Chairman: T. Sean Harvey President and CEO: John McConnell Executive Vice President: Mark Ayranto Victoria Gold Corp. is focused on the exploration and development of its Dublin Gulch property in central Yukon Territory. The Eagle gold deposit at Dublin Gulch is permitted to begin mine construction. According to a feasibility study completed in 2012, an open-pit mine and valley heap leach operation at Eagle would produce 192,000 ounces of gold annually for roughly nine years, based on probable reserves of 92...
Yukon Territory, lauded in recent years for its mine-friendly business climate, boast three operating mines coming online in the past seven years as well as strong prospects for more than doubling that number by 2020. Yet all three mines have hit rough patches in their operations in 2014 for distinctly different reasons. "It's been a little bit challenging for each of the producing mines this year," observed Robert Holmes, director of the Mineral Resources Branch of Energy, Mines and Resources in the Government of Yukon in...
WHITEHORSE, Yukon Territory - Quieter streets, emptier skies, shorter business hours and closed shops here are sure signs of tough times in the mining industry. Hours away by helicopter, one can find bare-bones exploration camps and skeleton staffs sprinkled like the occasional grain of visible gold across remote mountain vistas, which also reflect the return to the frugal times of the past. In the wake of more than two years of scarce capital, mineral exploration activity is a shadow of the booming times the territory...
The Government of Yukon has bestowed the prestigious Robert E. Leckie awards for 2013 on two small mining operations in honor of their exceptional mining practices, especially in a year when they were plagued by scarce capital and tough financing conditions. Placer miners Ben Warnsby and Alex Seely, owners of recently acquired claims in the Dawson mining district of central Yukon, and Ryan Coe and Jeff Bridge of Regent Ventures Ltd. accepted the honors Nov. 18 at the 41st Annual Geoscience Forum banquet in Whitehorse. "The... Full story
In 2013, the mineral industry globally has been buffeted by financial challenges. Development infrastructure has seen major cost increases. Multinational corporations have had major write-downs of assets associated with falling mineral prices. Junior exploration companies have not been able to raise venture capital for funding projects as investors appear to be shying away from what is seen as a risk investment. Yukon was not exempt from these challenges. Most exploration programs were downscaled with emphasis on lower-cost... Full story
Asubstantial amount of exploration activity continued apace in Yukon Territory this season despite the truncated budgets that forced most mining companies to juggle their projects and priorities. Some exploration companies found creative ways to raise capital, turning out their pockets to return to Yukon in 2013 to explore for Carlin-style gold mineralization in the east-central region of the territory, for more gold-bearing structures in the White Gold and Klondike districts to the west and for other styles and types of... Full story
With nearly five exploration seasons under its belt, Kaminak Gold Corp.'s Coffee Gold Project appears to be on the road to delivering on its potential as an emerging district-scale mining opportunity. Located in the White Gold district of west-central Yukon Territory, Coffee was optioned by Kaminak in 2009 from Yukon prospector Shawn Ryan. The company has explored the property every year since, and reported discovery of at least 11 gold zones. Kaminak CEO Eira Thomas said the fine-grained gold mineralization found at Coffee,...
A substantial amount of mining activity continued apace in Yukon Territory this season even though most mining companies are shying away from the anorexic capital markets. Many exploration companies raised funds in other ways, turning out their pockets to return to Yukon in 2013 to explore for Carlin-style gold mineralization in the east-central region of the territory, for more gold-bearing structures in the White Gold and Klondike districts to the west and for other styles and types of mineralization elsewhere in the territ...
The mining industry in northern Canada is expected to continue to flourish in 2013 despite current challenges, including slow economic growth, lower commodity prices and dismal financial markets, according to economists at The Conference Board of Canada. "The territories are not immune to the vulnerability of the global economy," said Marie-Christine Bernard, associate director, forecasting and analysis at The Conference Board. "New mine development and production will provide a solid economic foundation for Canada's territor...
Victoria Gold Corp. appears to be well on its way to building a mine at the Eagle Gold Project in central Yukon Territory by 2015, with construction startup tentatively scheduled for April. Eagle Gold is the most advanced new project in the region and is on track to become the largest gold mine in Yukon history. With estimated employment of 350-400 people, the mine also is expected to make a significant contribution to the territory's economy. Victoria aims to produce 207,000 ounces of gold during the first full year of...
5 brought unprecedented engagement of First Nations in mining industry activities in Yukon Territory. While tight financial markets appeared to slow the pace of mining exploration, efforts of mining companies, local and territorial governments and others to advance and/or initiate various cooperative agreements with the 11 self-governing aboriginal groups with traditional territories in the Yukon seemed to intensify. Adding to a significant roster of existing agreements, mining companies forged new pacts with a number of...
Mining continues to be a cornerstone of Yukon's economy, with extraordinary mineral deposits, including both precious and non-precious metals. The Government of Yukon is committed to providing an internationally competitive investment climate. To this end, we continue to provide regulatory certainty around environmental assessment, permitting and licensing of projects. Yukon's exploration and mining industries are settling in for the long term. After a record-breaking year for claim staking and exploration spending in 2011,...
