The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Two of the projects credited with touching off the recent gold rush to Yukon Territory reported results from their 2012 programs in July that suggest they could deliver on all that their early results promised. While new entrants have slowed to a trickle and other early players retire from the scene, at least until the anemic capital markets regain their vigor, Atac Resources Ltd. and Kaminak Gold Corp. and a handful of other juniors are quietly churning out impressive assay results in robust multimillion-dollar drill...
Driven Capital Corp. recently launched a maiden 1,500-meter drill program to investigate the extent of high-grade gold-copper-silver rocks that pepper the surface of the White River property tucked in the southwestern corner of the Yukon Territory. Situated about 30 kilometers (19 miles) east of the Alaska border and a mere 10 kilometers (six miles) north of the Alaska Highway, White River is a grassroots discovery made by Tarsis Resources Ltd. in 2010. "You just get a tingle...
When geologists talk about the exciting gold deposits recently discovered in Canada's Yukon Territory, they use terms like "structurally controlled, intrusion-related" and "Carlin-style." Attentive laymen soon catch on, recognizing that "structural" often characterizes the non-glaciated hydrothermal deposits found in the White Gold district of west-central Yukon and "intrusive" commonly refers to impressive finds in mountainous central Yukon, while some discoveries to the east have been labeled "Carlin-style" because of...
David Mate, chief geologist for the Canada Nunavut Geoscience Office, is part of a team of scientists venturing this field season into relatively unknown territory. Mate refers to the Hall Peninsula where he will be working this summer as "white space" on modern geological maps. "This is very exciting for a geologist. It's also interesting because it's in my backyard," Mate told Mining News April 22. Nunavut is Canada's northernmost and least-explored territory. About 1 ½ times the size of Alaska it is generally regarded as...
As Northern Freegold Resources Ltd. heads into a fifth season of exploration on the Freegold Mountain Project in central Yukon Territory, a picture is slowly emerging of yet another large natural repository of precious and base metals in the prolific Tintina Gold Belt. Not only does the district-scale property loom above still-producing placer gold creeks in the heart of a proven gold and copper mining belt in central Yukon, its sprawling 198 square kilometers (75 square miles) lie just 30 kilometers (19 miles) south of...
British Columbia, Yukon Territory and Alaska - the headliners of the Association for Mining Exploration British Columbia's annual Mineral Exploration Roundup - tallied more than C$1 billion of mineral exploration spending and some C$12.7 billion in mine production in 2011. "We are going to talk in the next three sessions about the wrinkly parts of western North America - B.C., Yukon and Alaska. The geological phenomena that has created these mountain chains that we have in...
One byproduct of the recent revival of the mining industry in Yukon Territory is the ongoing success of the rehabilitated Skagway Ore Terminal at Alaska's Port of Skagway. Originally built in 1968 to accommodate ore shipments form Yukon's Faro lead-zinc mine, the terminal closed in 1997 after the Faro Mine ceased operations due to unfavorable market conditions. Purchased by the Alaska Industrial Development and Export Authority from White Pass Railway in 1993, the terminal, after substantial renovation, resumed shipping ore... Full story
It is still early days in the exploration play for gold in eastern Yukon Territory, but a score of companies got a jump on competitors in 2011 by targeting promising occurrences of gold and pathfinder elements in a frenzy of unprecedented claim staking and reconnaissance. The early explorers rushed to the region following a report by Atac Resources Ltd. in September 2010 that it discovered unusual mineralization in the rocky eastern ridges of its 1,600-square-kilometer (618 square miles) Rackla Project. Atac posted high-grade...
As cold weather wraps up the 2011 field season, mining in Yukon Territory appears to be getting hotter, with exploration and development activities throughout the year living up to all of the pre-season hype and then some. Early in the year, explorers laid the groundwork for grassroots exploration seemingly in every corner of the territory. No sooner than the meeting rooms emptied at Roundup in Vancouver in late January, than a frenzy of claim staking erupted in the Yukon. Golden Predator Corp. snatched up all of the...
A second wave of mining exploration swept across Yukon Territory in 2011, bringing with it new mineral discoveries, record employment and myriad other changes, large and small. Roughly 100 companies, including a score of newcomers, mounted an array of mineral exploration programs with most of them stalking gold and silver deposits. Some came away with early success and excitement about their results, while others sifted the tea leaves, looking for clearer signs of the elusive mineralization they seek. "The impact of this...
For Yukon geologist Jean Pautler, the busy 2011 field season also may end up being one for her personal record book. "I was lucky to spend a week in one place," she told Mining News in a recent interview. Pautler, a geological consultant through her company, JP Exploration Services, has spent more than 30 years tramping through the Canadian bush in search of mineral deposits. A sprite of a woman with a cheerful smile, Pautler works alone, except for her German Shepherd mutt, Shadow, who accompanies her into the field....
Is the "Yukon Gold Rush" about to spill into Alaska? Since the 1896 discovery of gold on the aptly named Bonanza Creek sparked a stampede of fortune seekers to the rivers and streams of the Klondike, these world-class mining jurisdictions that share a common geological and mineralization history have been engaged in a cross-border rivalry of drawing prospectors and miners to their mineral-rich deposits. While 19th Century miners seeking their fortunes in Alaska's Fortymile...
Whether it is multimillion-ounce gold discoveries, copper deposits that measure in the billions of pounds or massive ore-bodies of 20 percent zinc, Alaska is renowned for its mammoth deposits. The prospect of finding another Donlin, Pebble or Red Dog continues to draw explorers to this vast and underexplored corner of the United States. In the Survey of Mining Companies: 2010/2011, conducted by the Fraser Institute, top executives from 494 mining and mineral exploration...
Yukon Territory continues to be in the limelight with the previous years' gold exploration successes leading to definition of gold deposits in 2011. Gold is the leading commodity in terms of exploration, but silver, base metals and tungsten are the leading commodities in terms of mine development. A number of regions are continuing to attract high-profile attention with two of Yukon's operating mines expanding their reserves and new discoveries continuing throughout the territory. The year has been very exciting so far. A...
Throughout the 2011 field season, explorers pushed the envelope in Yukon Territory, scrambling to target and assess rapidly increasing numbers of deposits of gold, silver and base metals mineralization being identified as the exploration rush that overtook the region in 2009 stretched into its third consecutive year. With gold prices climbing to new highs and a stable investment climate, the lure of the Yukon attracted miners and investors in numbers not seen in a century. "Both Yukon and Nunavut are entering a period of sust...
Frontrunners in the Yukon mineral exploration rush in 2011 spent more than C$12 million each, with at least one company pouring C$25 million into its program. These companies include Atac Resources Ltd., Kaminak Gold Corp., Capstone Mining Corp., Alexco Resource Corp., Golden Predator Corp., Ryan Gold Corp. and Silver Range Resources Ltd. At least another 14 companies shelled out more than C$5 million each to search for precious and base metals, using virtually every modern exploration technique from sampling to drilling.... Full story
ECC: TSX/ETHOF: OTCQX/1ET: FRANKFURT President and CEO: Gary Freeman Chief Operating Officer: Peter Tallman, P.Geo. Chief Financial Officer: Peter Wong, C.A. Incorporated in British Columbia in 2007, Ethos Capital Corp. worked primarily on a couple of silver-zinc-lead projects in Mexico before coming to the Yukon. In November 2010, the company obtained an option to acquire a 100 percent interest in the Betty and Wolf properties located 120 kilometers (75 miles) south of Dawson City, Yukon. The two prospective gold properties... Full story
TSX-V: FMM President: Michael Williams CEO and Vice President, Exploration: Rob McLeod Full Metal Minerals Ltd. - which spun its Fortymile zinc property into a new company - has narrowed its focus to copper and gold exploration in Alaska. Pyramid, a copper-gold-molybdenum porphyry project situated on the Alaska Peninsula of Southwest Alaska, was primary target of the Vancouver, B.C.-based junior's 2011 exploration. Full Metal and Chile-based project partner Antofagasta Minerals S.A., carried out a 2,575-meter drill program... Full story
KAM: TSX-V President and CEO: Rob Carpenter, Ph.D., P. Geo. Chairman: John Robins, P.Geo. Chief Geologist: Craig S. Finnigan, Ph.D. Kaminak Gold Corp., formed in 2005 in British Columbia, is a prospect generator focused on early-stage mining opportunities in northwestern Canada. Adhering to a philosophy of forming strategic partnerships such as joint ventures, Kaminak is working to advance about 16 discovery-stage projects elsewhere in North America, including several gold-silver projects in northwestern British Columbia and...
KGC: NYSE/K: TSX Chairman: John Oliver President and CEO: Tye Burt Director of North America Exploration: Al Kirkham From the humble beginnings of a greenfield copper-gold project in Southwest Alaska to adding years of gold production to its Fort Knox Mine in the heart of the Tintina Gold Belt, Kinross Gold Corp. is spending some US$17 million in search of valuable minerals in the Yukon Territory and the neighboring Far North state. About US$8 million of Kinross' 2011 exploration budget was earmarked for seeking new sources...
NTR: TSX-V President and CEO: Greg Hayes, CA Director: Lori Walton, M.Sc., G.G., P.Geol. Vice President, Exploration: Dennis Ouellette, B.Sc. Northern Tiger Resources Inc., formed in April 2008 in Alberta as a spin-off of Firestone Ventures Inc., is an Edmonton, Alberta-based resource exploration company focused on the rapidly developing Dawson Range gold-silver-copper mining district in central Yukon Territory and underexplored regions southeastern and central Yukon. The company also has an exploration alliance with... Full story
SQI: TSX-V President and CEO: Randy Turner, P.Geo CFO: Christopher Mitchell, P.Eng. Vice President, Exploration: David Pawliuk, P.Geo Silver Quest Resources Ltd. is focused on exploring for silver and gold on its numerous property holdings, ranging from early stage grassroots to advanced stage resource delineation and expansion projects scattered across central British Columbia and Yukon Territory. In late March, Silver Quest and Richfield Ventures Corp. executed a joint venture agreement in which the junior has a 25 percent...
SSH: TSX-V President and CEO: Adrian Fleming CFO: Darryl Cardey Director: Steve Swaffield Director: Greg Fekete Smash Minerals Corp. is a new junior exploration company undertaking gold exploration in Yukon Territory. Smash is headed by Adrian Fleming, formerly of Underworld Resources Inc., which is credited with discovering the 1-million-ounce-plus Golden Saddle gold deposit at its White Gold Project in the Yukon in 2008 and sparking the first modern gold rush to the Klondike. Drilling in 2009 by Underworld significantly...
New Gold Ltd., less than six months after gaining majority ownership of the Blackwater Gold Project in central British Columbia, has moved to consolidate its control of the project. The mid-tier gold producer reported Oct. 17 it had entered into agreements to acquire two juniors that currently claim significant stakes in gold-rich properties believed to host the mineral resource. New Gold entered a binding agreement to acquire Silver Quest Resources Ltd. in an all-stock transaction that valued Silver Quest's assets at about...
As gold prices soared in 2011 along with demand for silver and base metals, droves of mineral explorers fanned out across remote areas of Yukon Territory, seeking lucrative hardrock deposits. Lured by news of recent gold discoveries in the White Gold district of the Dawson Range and the Carlin-type mineralization found in the Rackla Gold Belt to the east, the horde of juniors, along with the occasional major, turned up with a frenzy of new claim-staking that started early in the year. Many returned to projects they first... Full story
