The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 75 of 291
Sitka Gold Corp. April 12 reported an update on its recently initiated 10,000-meter diamond drill program at the company's RC Gold project, which has already begun returning impressive results that is "far beyond anything" the company has seen to date. Located within the central region of Canada's Yukon Territory, the RC Gold project is roughly midway between Sabre Gold Mines Corp.'s Brewery Creek mine project and Victoria Gold Corp.'s Eagle Gold mine. At approximately 37,700...
Victoria Gold Corp. April 5 announced that it produced 37,619 ounces of gold during the first quarter of 2023 operations at its Eagle Mine in the Yukon, a nearly 55% increase over the 24,358 oz produced during the first three months of last year. "This was the best Q1 performance for the Eagle Gold Mine since operations commenced with strong gold production and ore tonnage stacked on the heap leach pad," said Victoria Gold President and CEO John McConnell. Since pouring the...
Strategic Metals Ltd., surely the most active project generator in northern Canada, recently reported substantial mineral exploration and transaction activities in 2022 and early 2023. This includes an update in January on exploration at Mount Hinton, a gold-silver project in Yukon's Keno Hill District that lies immediately southeast of Hecla Mining Company's Keno Hill Silver Mine, 35 kilometers (22 miles) southeast of Victoria Gold's Eagle Mine, and 25 kilometers (16 miles)...
Hecla Mining Company April 6 announced that after several weeks of deliberation, it has reached a definitive agreement to move forward with the purchase of ATAC Resources Ltd.'s Rackla and Connaught projects, while also spinning out the Yukon-focused exploration company's earlier staged copper properties into Cascadia Minerals Ltd. After declining a proposal from Victoria Gold Corp. at the beginning of February, ATAC announced shortly after its intention to sell its...
From competing offers for an exploration company with large and intriguing mineral projects in the Yukon, to the world's largest gold miner making a US$17 billion bid to buyout an Australian mining company with two producing assets in British Columbia's Golden Triangle, February was a big month for mergers and acquisitions in the North of 60 Mining News coverage area. Three M&A proposals were put forward in February that would create a shift in the North of 60 mining sector...
Banyan Gold Corp. Feb. 27 announced the analytical results from the final 57 diamond drill holes from the company's 2022 drill program at AurMac, a massive influx that further establishes the viability and prospectivity of this northern Canadian gold project. Located approximately 56 kilometers (35 miles) northeast of the village of Mayo, Banyan Gold's flagship property lies within the similarly named Mayo Mining District. Consisting of the Aurex and McQuesten projects optione...
Over a month ago, ATAC Resources Ltd. received a surprise proposal from Yukon neighbor Victoria Gold Corp. to acquire 100% of its shares. Feeling the offer inadequate, the Yukon and British Columbia-focused mineral exploration company declined. Victoria, which believes its offer to be more than fair, brought the deal public on Feb. 13 and declared a notice of expiry for ATAC to reconsider the offer before the week is out. ATAC is best known for its Rackla Gold property, a...
ATAC Resources Ltd. and Hecla Mining Company Feb. 21 announced the mutual entering of a non-binding letter of intent for Hecla to acquire all issued and outstanding shares of ATAC. Less than a week after facing pressure from Victoria Gold Corp. for its own bid to acquire ATAC, the company has chosen what it views as a more valuable transaction. You can read about Victoria Gold's bid for ATAC at Victoria presses ATAC for acquisition in the February 17, 2023 edition of North of...
Looking to add to the 4 million ounces of gold it has already outlined at AurMac, Banyan Gold Corp.'s 2022 drill program systematically expanded the footprint of the Powerline and Aurex Hill deposits on this road-accessible project in the Yukon. Located about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Gold Mine and adjacent to Hecla Mining Company's Keno Hill Silver District, AurMac began 2022 with just under 1 million oz of gold in two deposits – P...
Though effects of the COVID-19 pandemic lingered, mineral explorers rushed to the Yukon like moths to a flame during 2022. Mining's most daring sector rallied to generate the busiest field season seen in Canada's westernmost territory in years. In June, Natural Resources Canada projected mineral exploration and deposit appraisal spending in Yukon during 2022 to total C$157.9 million, up 14.5% from C$135.1 million estimated for 2021 and nearly double C$83.6 million in 2020....
Victoria Gold Corp. Jan. 24 announced the next batch of assays from the 2022 Raven exploration program at the company's Dublin Gulch property in Yukon, Canada, showcasing the incredible potential of this high-grade gold deposit. Just a week since its last announcement regarding Raven, results are coming in hot from the program that saw more holes drilled into this emerging gold deposit than all previous seasons combined. Which is no surprise as the company announced in...
Victoria Gold Corp. Jan. 19 announced that assay results from its 2022 drill program at Raven show the growth potential of this higher-grade gold deposit on Victoria's Dublin Gulch property in the Yukon. In September, the company announced a maiden inferred resource for Raven of 19.96 million metric tons of pit-constrained inferred resource averaging 1.67 g/t (1.07 million oz) gold. The 2022 Raven drilling campaign, which saw more holes drilled into this emerging gold deposit...
Victoria Gold Corp. Jan. 10 reported that its Eagle Mine in the Yukon produced 43,741 ounces of gold during the fourth quarter and 150,182 oz gold for the entire year of 2022, both less than the company had originally anticipated. "Fourth quarter and full year 2022 operating results were below expectations," said Victoria Gold CEO John McConnell. "Mechanical availability of the crushing and conveying circuit was lower than anticipated. The primary reason for the lower...
Banyan Gold Corp. Jan. 10 announced the results from the next 37 diamond drill holes received from the company's 2022 exploration program at the Powerline and Aurex Hill deposits at its AurMac property in Yukon, Canada. Located approximately 56 kilometers (35 miles) northeast of the village of Mayo and 356 kilometers (221 miles) north of Whitehorse, Banyan Gold's flagship property lies within the similarly named Mayo Mining District. Consisting of the Aurex and McQuesten...
Sitka Gold Corp. has been advancing its RC Gold project within the geologically fertile and highly prospective Tombstone Gold Belt region of Canada's Yukon. RC is an intrusion-related gold project that stands on the same playing field as other multi-million-ounce deposits within the Tombstone belt – Victoria Gold's Eagle and Olive deposits (a combined 4.7 million ounces), Golden Predators' Brewery Creek deposits (1.5 million oz), and Banyan Gold's AurMac deposits (3.99 million...
Despite a year riddled with cold weather, equipment malfunction, and even territory fires, Victoria Gold Corp. maintained a steadfast view of the horizon for its Eagle Gold Mine, doing everything it can to hold true to its planned Project 250 strategy, and contributed toward that goal with the company's largest exploration program to date. One of the first announcements Victoria made at the start of 2022 was its new strategy to increase production at Eagle to 250,000 ounces du...
Sitka Gold Corp. Jan. 11 announced the assay results for the final drill holes of its 2022 drill program at the company's RC Gold project in Yukon's Tombstone Belt, including one hole that Sitka says is one of the best drilled to date. "The 2022 step-out drilling at RC Gold was extremely rewarding for Sitka with the results of these latest drill holes highlighting the tremendous potential of the Blackjack zone, which was just discovered in December 2021," said Sitka Gold CEO...
Banyan Gold Corp. Nov. 7 reported that its systematic drilling at AurMac continues to extend the gold mineralized footprint of the Powerline and Aurex Hills deposits, including an 84.4-meter intercept averaging 1.13 grams per metric ton gold in the most northeasterly hole drilled so far at Powerline. Located about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Gold Mine and adjacent to Hecla Mining Company's Keno Hill Silver District, AurMac hosts 3.99 million...
Snowline Gold Corp. Nov. 15 announced that drills cut an incredible 128.2-meter intercept averaging 2.48 grams per metric ton gold from surface, within a wider 285.2-meter section averaging 1.45 g/t gold at its Rogue project in the Yukon. Much like its V-22-010 hole that cut 318.8 meters of 2.55 g/t gold, which Snowline says changed its perception of the Valley zone, this latest step-out adds "significantly to the prospective scale and grade of our unfolding gold discovery at...
Palladium One Mining Inc. Nov. 17 announced that one grab sample from the initial exploration of its newly acquired Canalask project in the Yukon contained 0.15% nickel, 6.07% copper, 0.01% cobalt, 28.1 grams per metric ton silver, and 1.55 g/t gold. Lying alongside the Alaska Highway, this 3,400-hectare (8,402 acres) property is roughly 300 (186 miles) kilometers from Whitehorse and near the Alaska border. Optioned from Victoria Gold Corp. Palladium One Mining saw potential...
Victoria Gold Corp. Oct. 17 announced a successful repair of the overland conveyor belt at Eagle and operations have resumed at the company's gold mine in the Yukon. On Oct. 4, Victoria Gold reported that the 1,500-meter overland conveyor belt linking the crushing plant to the heap leach facility experienced a splice failure on Sept. 29. During the belt's replacement, mining, leaching, and gold recovery plant activities remained in operation while crushing, conveying, and...
Banyan Gold Corp. Oct. 12 reported that the latest batch of assay results shows that its 2022 drilling continues to expand gold mineralization around the Powerline deposit on the company's AurMac property in Yukon, Canada. Located about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Gold Mine and adjacent to Hecla Mining Company's Keno Hill Silver District, AurMac hosts 3.99 million ounces of gold in the inferred resource category for its three deposits – P...
Victoria Gold Corp. Oct. 4 reported the results from its third quarter production at the company’s Eagle Gold Mine, delivering 50,028 ounces of gold, down roughly 5,000 oz from the same period last year. The company attributes the drop in year-over-year third-quarter gold production to no run-of-mine ore hauled directly from the open pit to the heap leach facility. Last year, a total of 1.1 million metric tons of run-of-mine ore was hauled directly from the open pit to the h...
Inaugural resource for 2nd largest intrusion at Dublin Gulch Victoria Gold Corp. Sept. 15 reported 1.07 million ounces of gold in a maiden inferred resource for the Raven deposit about 15 kilometers (nine miles) east of the Eagle Mine on the company's Dublin Gulch property in the Yukon. Discovered with soil sampling and trenching in 2018, Raven is a large, near-surface gold target associated with Nugget, the second-largest known intrusive body on the Dublin Gulch property....
Victoria Gold Corp. Sept. 7 reported that its 2022 drilling has cut wide sections of gold mineralization at the Eagle Deep target on the company's Dublin Gulch property in Yukon, Canada. Intended to be an expansion from the 2021 drilling results, this year's program focused on key areas for the potential expansion west of the Eagle Gold deposit currently being mined by Victoria. "Last year's exploration drilling clearly demonstrated there is more to the Eagle deposit than was...
