The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 50 of 57
Group Ten Metals Inc., formerly Duncastle Gold Corp., Sept. 14 said it has signed an agreement to earn full ownership of the Spy platinum group metal-nickel-copper property in southwestern Yukon Territory. The 1,250-hecatre Spy property is located roughly 40 kilometers (25 miles) southeast of the company's Catalyst project that adjoins Wellgreen Platinum's Wellgreen PGE-Cu-Ni Project. Group Ten has the option to earn a 100 percent interest in Spy by issuing 1.05 million...
Metallic Minerals Corp. (formerly Monster Mining Corp.) Sept. 19 reported the appointment of Greg Johnson as CEO and chairman. Prior to joining Metallic Minerals, Johnson held the position of president and CEO at Wellgreen Platinum and South American Silver, and was a co-founder and executive at Novagold Resources. He began his career with Placer Dome (now Barrick Gold), where he held various senior roles in domestic and international exploration. Johnson was a co-recipient of the PDAC's Thayer Lindsay International...
Wellgreen Platinum Ltd. is endeavoring to develop a mine at its namesake platinum group metals-copper-nickel project located near the Alaska Highway in southwestern Yukon Territory. Towards this goal, the company completed a C$14.1 million financing early in 2016. Electrum Strategic Opportunities Fund, the sole subscriber to the private placement, purchased 70.5 million Wellgreen shares at C20 cents per share. The company raised another C$2 million in a separate private placement at C30 cents per share. An updated...
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...
As exploration across most of the North continues to trend downward, the Yukon Territory is celebrating the second straight year of increased spending. Early estimates put exploration in Yukon at about C$99 million for 2015, up roughly 20 percent over the C$80 million spent last year. With a wide swath of zinc-rich deposits in the Selwyn basin, a number of copper-rich porphyries in the Dawson Range, platinum group metal-nickel deposits in the southwest and gold deposits...
Wellgreen Platinum Ltd. July 12 reported the start of a 2,500-meter drill program and field work at its Wellgreen platinum group metal-nickel project in southwestern Yukon Territory. The drilling will test resource expansion potential along the North Arm and the Middle Arm of the deposit, some of which was unclassified in the 2014 resource model and, therefore, categorized as waste in the 2015 Wellgreen preliminary economic assessment; test for the potential conversion of a...
Wellgreen Platinum Ltd. April 22 posted results of the 2015 fall and winter exploration drilling and field work programs at its Wellgreen platinum group metal-nickel project in southwestern Yukon Territory. Wellgreen completed 4,078 meters of core drilling and 1,091 meters of reverse circulation drilling. The 25-hole program targeted down-dip extensions and higher grade mineralization at the Far West, West, Central, East and Far East zones to test the down-dip extensions of kn...
WG: TSX.V President and CEO: Greg Johnson Senior VP and COO: John Sagman VP, Corporate Development: Rob Bruggeman Wellgreen Platinum Ltd. is focused on advancing its namesake platinum group metals-copper-nickel project located near the Alaska Highway in southwestern Yukon Territory. In February, the company published the results of an updated preliminary economic assessment for the Wellgreen project that envisions a conventional open pit operation, with some selective higher grade underground mining. Milling would start at 25...
Group Ten Metals Inc., formerly Duncastle Gold Corp., Sept. 14 said it has signed an agreement to earn full ownership of the Spy platinum group metal-nickel-copper property in southwestern Yukon Territory. The 1,250-hecatre Spy property is located roughly 40 kilometers (25 miles) southeast of the company's Catalyst project that adjoins Wellgreen Platinum's Wellgreen PGE-Cu-Ni Project. Group Ten has the option to earn a 100 percent interest in Spy by issuing 1.05 million...
Wellgreen Platinum Ltd. Jan. 2 said an updated preliminary economic assessment for Wellgreen strengthens the company's vision that the southwestern Yukon Territory project has the potential to become one of the largest and lowest-cost open pit platinum group metals-nickel mines in the world. The Wellgreen project is envisioned as a conventional open pit operation, with some selective higher grade underground mining. Milling would start at 25,000 metric tons per day for the...
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...
WG: TSX.V President and CEO: Greg Johnson Senior VP and COO: John Sagman VP, Corporate Development: Rob Bruggeman Wellgreen Platinum Ltd. (formerly Prophecy Platinum) is endeavoring to develop a mine at its namesake platinum group metals-copper-nickel project located near the Alaska Highway in southwestern Yukon Territory. A preliminary economic assessment prepared for the Wellgreen project in 2012 outlines plans for a 32,000-metric-tons-per-day operation producing 1.96 billion pounds nickel, 2.06 billion pounds copper and 7....
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...
Alaska's natural gas is increasingly replacing diesel as the fuel of choice for mines and mining projects across the Far North State and Yukon Territory. At roughly 37 trillion cubic feet, Alaska is awash in natural gas; however, some 35 tcf of these known reserves are isolated in the Arctic oil and gas fields of the North Slope. The balance, located in the Cook Inlet basin that stretches southwest from Anchorage, has been developed primarily to serve consumers in the...
After two seasons of exploration, Prophecy Platinum Corp. envisioned building a conventional, diesel truck-shovel open pit mine at its 64.5-square-kilometer (25 square miles) Wellgreen Project in southwestern Yukon Territory. The junior released a preliminary economic assessment in 2012 that happily outlined plans for a 32,000-metric-tons-per-day operation with a 37-year of mine life. With initial capital expenditures of C$863 million and an average strip ratio of 2.57:1, the company anticipated producing a suite of highly...
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...
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...
NKL: TSX-V President and CEO: Greg Johnson Senior Vice President and COO: John Sagman Project Manager: Neil Froc During the year ended March 31, 2013, Prophecy Platinum spent C$7.2 million on exploration at the Wellgreen property in southwestern Yukon Territory that was principally focused on drilling and resource determination followed by preliminary economic assessment work programs. The company's 2013 Wellgreen exploration program has been designed to support and maximize the results of a revised PEA and updated mineral...
In the best of times, a government-sponsored mining incentives program could be a wise investment of public revenue to stimulate economic development in a mining-intensive jurisdiction like Yukon Territory. In a sustained capital drought like the one currently scorching the industry, funds awarded through the Yukon Mining Incentives Program can be the deciding factor in whether boots even hit the ground on many mineral exploration projects across the territory. Designed to promote and enhance mineral prospecting and explorati...
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...
A reporter recently asked Greg Johnson, the newly appointed president and CEO of Prophecy Platinum Corp., if he was committed enough to his new role as head honcho of the company's emerging Wellgreen Project in southwestern Yukon Territory to stick around for five years. Johnson, one of the original architects of NovaGold Resources Inc. which built the world-class Donlin gold deposit in Alaska from a few million ounces into a 30-million-ounce-plus resource, chuckled before he responded. "With the caliber of asset that we have...
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,...
While the frenzy of activity that engulfed the Yukon Territory in 2011 did not re-emerge this season, scores of players, from upstart juniors to global mining firms mounted impressive mineral exploration campaigns throughout the territory. Gold was the primary metal sought in the Yukon in 2012, but some explorers chased silver, copper, zinc-lead, iron and other minerals. Based on the spending plans of mining companies in March, Natural Resources Canada projected C$285 million planned spending across the Yukon, a decrease of...
PNIKF: OTC Chairman and Interim CEO: John Lee Vice President, Corporate Development: Rob Bruggeman General Manager: Joseph Li Prophecy Platinum Corp. focused in 2012 on its flagship Wellgreen PGM Nickel Project located 320 kilometers (198 miles) from Whitehorse in southwestern Yukon Territory. One of the few mineral deposits in North America with all of the platinum group elements in significant quantities, the Wellgreen property has mineralization known to extend for 17.5 kilometers (nearly 11 miles). In January, Prophecy co...
