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 383
In 2017 Alaska’s mineral exploration industry saw its first up-tick in exploration spending since 2011, an increase that S&P Global Market Intelligence’s “World Exploration Trends” indicates was mirrored on the world-wide level. According to S&P’s data, the worldwide exploration industry spent $8.4 billion in 2017, the first such increase in spending since 2012. S&P also forecast a 15-20 percent increase in exploration spending for 2018 as well. The study also showed that dema...
Born from an idea to create a vehicle that could provide Alaska businesses lower interest rates offered by tax-exempt financing, the Alaska Industrial Development and Export Authority, or AIDEA, has been doing its part to create jobs and bolster Alaska's economy for five decades. "Fifty years ago, the Alaska State Legislature created the Alaska Industrial Development and Export Authority, to develop, encourage, and improve the economic potential and welfare of the people of...
White Gold Corp. Jan. 19 reported that results from the final 13 holes drilled at its White Gold property in 2017 confirm the continuity of the Golden Saddle and Arc deposits, and indicate the gold potential beyond the current resource area. Since acquiring the White Gold property in June, the company completed 31 reverse circulation holes; four diamond drill holes; extensive geophysical and geochemical surveys; and detailed mapping across this iconic Yukon gold property....
As we transition from 2017 into 2018, the weight of evidence pointing to a long-awaited mining industry up-tick is being trumpeted from every financial institution, brokerage house and mining pundit across the globe. For example, RBC Capital Markets' newly released "2018 New Year Preview" has this to say: "We are in the mid-stages of a stock market recovery and the early stages of an economic cycle recovery. Gold is already in a phase where it out-performs other financial...
Goldstrike Resources Ltd. Jan. 17 reported that the final hole of its 2017 drill campaign at the Lucky Strike property in Yukon's White Gold District cut 7.73 meters averaging 3.04 grams per metric ton gold. Early staged exploration has identified five large gold-in-soil anomalies – Monte Carlo, Belmont, Samson, Boss and Maverick – along a 10-kilometer- (6 miles) corridor running across the property. Monte Carlo, discovered in 2016, was the primary focus of the 2017 pro...
White Gold Corp. March 5 reports that drilling has outlined more than 1.24 million ounces of gold at its White Gold property in the Yukon. An updated resource calculation outlines 12.32 million metric tons of indicated resource averaging 2.43 grams per metric ton (961,000 ounces) gold; plus 5.16 million metric tons of inferred resource averaging 1.7 g/t (282,500 oz) gold in the Golden Saddle and Arc deposits. A consistent high-grade core of the primary Golden Saddle deposit...
Roads to some of Yukon's richest mining districts are getting more than C$360 million in upgrades. Canada Prime Minister Justin Trudeau rolled out the plans to invest in modern transportation infrastructure during a visit to the territory on Sep. 2. "Modern infrastructure is key to developing and properly managing the incredible natural resources we have at our fingertips," Trudeau said. The prime minister pledged C$247.8 million to the Yukon Resource Gateway project, a...
Goldcorp Inc.’s half-a-billion-dollar purchase of Kaminak Gold Corp. and the Coffee Gold project in Yukon Territory in 2016 marked a major shift for North of 60 mining explorers. Junior mining explorers typically look to the investment community for the venture capital needed to discover rich deposits of minerals. In turn, major mining companies come along and buy the mineral-rich project or the company that discovered it, typically providing a handsome return for the j...
Agnico Eagle Mines Ltd. is on track to have two new gold mines in Nunavut by 2019 and has grabbed a foothold on gold exploration in Yukon Territory. In recent years, the company expanded its presence in Nunavut, a jurisdiction its sees as both politically stable and geologically rich. Agnico's largest producing mine, Meadowbank, and two development assets, Amaruq and Meliadine, are found in this northern Canada territory. Meadowbank, which began operation in 2010, has enough...
With the opening of Gahcho Kué, Northwest Territories is reaping the rewards of past exploration spending across the vast diamond-rich expanse of northern Canada. In fact, the new diamond mine is expected to contribute some C$5.7 billion to Northwest Territories economy by 2028, the end of its currently projected life, according to a report commissioned by De Beers Group of Companies. Northwest Territories Minister of Industry, Tourism and Investment Wally Schumann...
Over the past six years, Goldstrike Resources Ltd. have been finding zones rich in visible gold across its 570-square kilometer (220 square miles) Plateau property in Yukon Territory - discoveries that have piqued the interest of Newmont Gold Corp. In March, Newmont cut a C$53 million deal to earn up to a 75 percent stake in the expansive and gold-rich Plateau property by paying Goldstrike C$8 million and investing C$38.8 million to explore the gold property over the next decade. The agreement included a C$6 million private...
Golden Predator Mining Corp. got off to an early start at its 3 Aces project in 2017, significantly expanding the size of the southeastern Yukon property as well as the high-grade gold zones found there. Early in the year, the company announced the acquisition of the Hy-Jay and Reef gold properties, which expand 3 Aces to 357 square kilometers (138 square miles). With the district consolidated, Golden Predator kicked off a 40,000-meter drill program in February. This work began at the Spades zones – Ace, Queen, Jack, Seven a...
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...
Following up on the discoveries made during a C$1 billion exploration explosion in the Yukon from 2007 until 2013, five of the world's largest gold producers are leading a second wave of the 21st Century Yukon Gold Rush. Kinross Gold Corp., which operates the Fort Knox Mine in neighboring Alaska, was the first of the majors to grab a foothold in the Yukon when it acquired the White Gold property in 2009. The real rush of majors to the westernmost Canada territory, however,...
With financial and technical backing from Agnico Eagle Mines Ltd. and Kinross Gold Corp., legendary prospector Shawn Ryan has set out to finish what he started in Yukon's White Gold District. To accomplish this objective, Ryan has put roughly 1 million acres (390,000 hectares) of the White Gold District into White Gold Corp., a newly formed exploration company that owns claims covering roughly 40 percent of this promising gold region. Of the dozens of White Gold prospects...
Kinross Gold Corp. has a two-pronged exploration strategy – focus its own efforts on high-quality brownsfield assets, including the discovery of new resource surrounding its existing operations; and nab a foothold on promising greenfield opportunities through partnerships with high-quality junior exploration companies. The Fort Knox Mine in Interior Alaska is an example of the success the company has had in expanding resources near its mines. In its 21st year of operation, t...
Alaska's minerals exploration sector is on an upswing, thanks to Australian mining explorers looking north and mining majors upping their activities in the state. South32 Ltd., a Perth, Australia-based miner spun out of BHP Billiton Plc, is the largest mining company from Down Under to express an interest in Alaska's mineral potential this year. South32, which has eight operating mines in the Southern Hemisphere, secured an option to acquire a 50 percent interest in Trilogy...
White Gold Corp. Nov. 20 reported that drilling has extended gold mineralization at the Golden Saddle and Arc deposits on the White Gold property in the Yukon. The results reported herein further define a significant extension of the Arc deposit 250m along strike and also extend the Golden Saddle Footwall Zone along strike and towards surface. The company said reverse circulation drilling at Golden Saddle continues to validate historical drilling within the historical resource...
Independence Gold Corp. June 8 said it has staked a 4,835-hectare (11,950 acres) property west of Dawson City and next to the Yukon-Alaska border. Known as Stinger, this property is situated at the headwaters Yukon's Sixtymile, a mining district that has produced more than 500,000 ounces of placer gold. The Stinger property benefits from access via a network of placer mining and prospecting roads that connects with the Top of the World (Taylor) Highway. The claims were acquired using a proprietary stream sediment dataset that...
Independence Gold Corp. July 6 announced the start of its 2017 Yukon exploration program. The primary focus of this program is to define additional gold mineralization within the Sunrise-Sunset zone at the company's Boulevard project, adjacent to Goldcorp's Coffee gold mine project. The Company also plans to complete regional exploration activities to discover new targets on Boulevard and its other White Gold District properties. "The Yukon is a great jurisdiction to invest and explore in and we are excited to continue our wo...
White Gold Corp. Oct. 30 reported that drilling has cut broad intercepts of strong gold mineralization at the Golden Saddle deposit at the White Gold property, Yukon. Highlights from the latest batch of results from Golden Saddle include: 34 meters of 4.57 grams per metric ton gold from a depth of 155 meters in hole WHTGS17DD-0170; and 54.9 meters of 1.42 g/t gold from a depth of 64 meters in WHTGS17RC-005. White Gold, a company formed late in 2016, hold claims covering...
White Gold Corp. Nov. 6 said its 2017 drill program continues to expand the Main and Footwall zones of the Golden Saddle deposit on its White Gold property in the Yukon. Highlights from the latest batch of results from Golden Saddle include: 109.7 meters of 1.33 g/t gold from a depth of 39.6 meters in hole WHTGS17RC-012, a Main zone intercept; 111.3 meters of 2.61 g/t gold from a depth of 47.2 meters in WHTGS17RC-011, Main zone intercept; 34 meters of 1.19 g/t gold from 215 meters in WHTGS17DD-171, a Footwall intercept; 7 met...
Goldstrike Resources Ltd. Nov. 20 reported that the discovery hole at the Monte Carlo zone on its Lucky Strike property cut 22 meters averaging 5.36 grams per metric ton gold, including 18.79 g/t gold over 5.72 meters. The 2017 program at Lucky Strike included 1,032 meters of drilling in nine shallow holes testing Monte Carlo. Intercepts from the first seven holes include 3.57 meters of 1.75 g/t gold; 2.15 meters of 5.12 g/t gold; and 9.55 meters of 1.33 g/t gold. Assay results from one hole are pending. "The inaugural drill...
White Gold Corp. Sep. 25 reported that its first two reverse circulation holes drilled at Golden Saddle deposit on the White Gold property in the Yukon has extended the gold mineralization there. Hole 17RC-001 cut 32 meters of 3.98 grams per metric ton gold from a depth of 19.8 meters; and 17RC-002 cut 25.9 meters of 2.24 g/t gold starting at 13.7 meters. The company said these grades are consistent with results from nearby diamond drilling and extend the main zone at Golden S...
White Gold Corp. Sep. 14 provided an update on its extensive exploration program in the Yukon, including drill results from JP Ross, one of five properties the company acquired from Kinross Gold Corp. Highlights from the 14 rotary air blast holes drilled in the Rebecca zone at JP Ross include 3.05 meters of 21.87 grams per metric ton gold; and 6.1 meters of 3.1 g/t gold. JP Ross is about 10 miles (16 kilometers) northeast of White Gold, a property that hosts 9.79 million metric tons of indicated resource averaging 2.7 g/t...
