The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 326 - 350 of 383
Now that the word is out about Atac Resources Ltd.'s impressive gold discoveries at the Rau Project in central Yukon Territory, the financial market is taking to the early-stage exploration effort with the enthusiasm of a bear in a beehive. Atac recently reported impressive results from drilling and prospecting the Osiris and Isis targets on the Sten claim block near the eastern edge of the 185-kilometer-, or 115-mile-long Rau Project. Meanwhile, investors have fueled a run-up in Atac's stock price to about $7 a share from...
THISTLE CREEK, Yukon Territory - The Bell Jet Ranger helicopter just landed, while the A-Star unloaded passengers before powering down its engines on the other side of the creek. A third, smaller copter whined as its rotors buffeted bystanders with gusts of dust and debris during takeoff. Meanwhile, a small plane soared overhead. Welcome to the Dawson Mining District of central Yukon in early August. Or as one wag joked: "JFK West!" Visitors prepared to tour Kaminak Gold Corp.'s mining exploration camp here as a three-man...
DAWSON, Yukon Territory - "If we hold it, they will come," reasoned Mike Burke, head of Mineral Services at the Yukon Geological Survey. True to his expectations, some 70 prospectors, geologists and junior companies flocked to a Front Street meeting hall here Aug. 11 for the first-ever "Dawson Rocks," a one-day rock show/conference in what is fast becoming one of the world's hottest hardrock mining jurisdictions. A jovial crowd, attendees ranged from prospectors pedaling lucrative quartz claims to juniors touting new mineral...
DAWSON, Yukon Territory - Hardrock mining explorers are capitalizing on unprecedented investor interest and going after paying gold, silver, copper-rich porphyry, lead-zinc and other metal deposits here with uncommon gusto this summer. A few years ago, a multimillion-dollar, single-season exploration program would have been a rare commodity in the Yukon. But this year, at least a half-dozen juniors have joined one major, Kinross Gold Corp., and the Yukon's only producer, Capstone Mining Corp., in forking over megabucks to...
Two seminal events related to the Alaska mining industry occurred in the past month. First, in late June, Coeur d'Alene Mines Corp. reported the commencement of production at it Kensington gold mine near Juneau. The mine has now joined the ranks of large-scale producers here in Alaska but only after lots of years and lots of dollars, capped by a trip to the U.S. Supreme Court! Hat's off to Coeur for its commitment to Alaska and for its desire to do this job right. Secondly,...
Though most of the gold fever sweeping northern Canada these days is focused on Yukon Territory's White Gold district to the west and near Agnico-Eagle Mines Ltd.'s new Meadowbank Mine to the east in Nunavut, a growing number of explorers are trekking to the territory in between. Mining companies are returning to the Northwest Territories as gold prices set records, including a recent high of US$1,260 per ounce. But most of these explorers are targeting known deposits or previously identified mineralization rather than...
FORTYMILE - The storm clouds responsible for the torrential rains that recently washed away long sections of the Taylor Highway are not the only source of rumbling in the Fortymile region of eastern Interior Alaska. Full Metal Minerals Ltd. has launched the Rolling Thunder Project here this summer. The staking and exploration initiative is targeting the lode source of more than half a million ounces of placer gold recovered historically from the streams draining the rolling... Full story
Evidence is mounting to support Kaminak Gold Corp.'s suspicion that its Coffee Project located in the White District of Yukon Territory is part of an emerging gold district with sizable gold deposits scattered over the wooded region. Kaminak reported assay results May 26 from the first two holes drilled this spring that "confirms the potential of the Coffee property to host large gold deposits," according to Kaminak President and CEO, Rob Carpenter. The holes, drilled in the Supremo zone, returned indications of significant...
In its quest to become a self-funded gold mining company, Golden Predator Royalty & Development Corp. is making major changes this year and mounting an unprecedented exploration offensive in Yukon Territory during the 2010 summer field season. The Vancouver, B.C.-based junior unveiled a name change May 21 and the appointment of a new vice president of exploration for its Canadian assets. Golden Predator said it would become "Golden Predator Corp.," effective May 25. The company said the name change was made to reflect its man...
IQALUIT, Nunavut -Mayors and representatives from six Nunavut communities offered feedback on the effects of mining exploration and development activities in their respective areas during a forum at the 13th annual Nunavut Mining Symposium held April 14 at the Frobisher Inn and Conference Centre. The panel members voiced concerns about potential detrimental effects of mining activities on the environment. "How will the companies make the land like it was before?" asked Mayor Ernie Bernhardt of Kugluktuk, a community in... Full story
Kinross Gold Corp. is making good on its promise to return to Canada. The gold producer entered into a definitive agreement with Underworld Resources Inc. March 16 to acquire 100 percent of the junior's outstanding common shares not already owned by Kinross for stock and cash valued at C$139.2 million. Kinross already owns 8.5 percent of Underworld's shares (on a fully-diluted basis). Underworld is the owner of the highly prospective White Gold property, which hosts a substantial new gold discovery 95 kilometers south of...
While the White Gold Project continues to grab headlines, at least four other substantial gold projects in central Yukon Territory are quietly striding toward potential development. Yukon officials say it's all part of the plan. The gold projects reporting recent advancements include Victoria Gold Corp.'s Eagle gold project, Atac Resources Ltd.'s Rau Gold Project, Northern Tiger Resources Inc.'s Sonora Gulch Project, and Northern Freegold Resources Inc.'s Freegold Mountain Project. Global mining hot spot Yukon Energy, Mines...
With base metal prices bouncing back and liquidity returning to the financial markets, a feeling of optimism filled the Westin Bayshore Hotel during the 2010 Mineral Exploration Roundup in Vancouver, B.C. The four-day-long event provided a forum for geologists to swap stories about their 2009 exploits, miners and investors to get together to fund new exploits, suppliers to show off their latest wares, geology students to seek out prospective employers and some 5,800 old and ne...
The prospector who discovered the highly promising White Gold property near Dawson City, Yukon Territory says he believes the future is beyond bright for the region - it's blazing. Shawn Ryan, a self-taught mineral hunter who has spent the past 12 years tramping the Klondike bush and adjacent areas, is being honored by the Association for Mineral Exploration in British Columbia at its annual Mineral Exploration Roundup Jan. 18-21. AMEBC is singling out Ryan as the 2009 recipient of the coveted H.H. "Spud" Huestis Award for ex...
Kaminak Gold Corp. is one of the frontrunners in the exploration rush sparked by Underworld Resources Inc.'s recent gold discovery in the White District of Yukon Territory. In less than six months, the junior mining company has acquired and explored claims that offer as much promise initially as Underworld's White Gold Project did in its first season of exploration. Kaminak is primarily a prospect generator with a successful business model that targets discovery-stage projects with strong exploration potential for strategic c...
Recession, what recession? That could have been the cry of some gold exploration companies in Yukon Territory in 2009. Thanks to several very impressive gold discoveries in 2008 at a time of unprecedented highs in gold prices, momentum lost in other sectors of Canadian mineral exploration seemed to hardly touch the gold-rich hills of this mining-friendly jurisdiction. Some 63 companies started 2009 with planned exploration programs in Yukon, but before all was said and done, a horde of additional gold seekers poured into the... Full story
Mineral-rich Nunavut Territory celebrated its 10th anniversary in 2009 and mining explorers seeking diamonds and precious and base metals brought their drills to the party. The territory, home to only 31,000 people living in 25 small, scattered communities, covers 1.9 million square kilometers, or one fifth the land mass of Canada and dwarfs Alaska by nearly 200,000 square miles. Of the young territory's economic prospects, mineral resource development offers perhaps the most long-term potential. "When I started work in... Full story
Kinross Gold Corp. - operator of the largest gold mine in the Tintina Gold Belt - has embarked on a treasure hunt in hopes of identifying another Fort Knox-like deposit in this gold-rich province. The Tintina belt is a boomerang-shaped swath of land that spans the breadth of Alaska, through the Yukon Territory and into northern British Columbia. While Kinross works to extend the mine life of Fort Knox after 13 years of production through drilling, the Toronto-based miner is also investing in junior explorers with promising pr...
Since Mantra Mining Inc. emerged as the vehicle in which NovaGold Resources Inc. would spin off its noncore assets, the Vancouver B.C.-based junior has positioned itself to become a major player on the Alaska mining scene. In 2009 Mantra acquired whole or part interest in more than 417,000 acres of mining properties in western Alaska, assembled an impressive management team and board of directors (including two Thayer Lindsley award winners) and raised C$5 million to...
Alix Resources Corp. geologists spent the summer investigating the junior's two new gold properties in Alaska and the Yukon Territory. Joining the 2009 gold rush to the White District south of Dawson City, Alix purchased lode quartz mineral claims six kilometers, or nearly 4 miles, east and slightly north of the White Gold Project where Underworld Resources Ltd. made a significant gold discovery in the Golden Saddle zone in 2008. Alix said its 500-plus-hectare, or about 1,205-... Full story
KAM: TSX-V President and CEO: Rob Carpenter Chairman: John Robins Chief Geologist: Craig S. Finnigan Kaminak Gold Corp., formed in 2005 in British Columbia, is a prospect generator recently 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 at least 16 projects in Yukon Territory, Nunavut, British Columbia and other Canadian provinces. The company has an extensive portfolio of discovery-stage...
Underworld Resources Inc. hit the ground running in 2009, reporting impressive assay results in the first three holes of its drilling program at its White Gold Project in late May. For two field seasons, the Vancouver, B.C.-based company has explored sediment and vein-hosted gold targets on 845 claims covering 169 square kilometers, or 65.3 square miles, on the White Gold and Black Fox gold Properties in west-central Yukon Territory, 95 kilometers, or about 60 miles, south of Dawson City. So far, the junior has identified... Full story
NTR: TSX-V President and CEO: Greg Hayes Director: Lori Walton Vice President, Exploration: Dennis Ouellette Northern Tiger Resources Inc., formed in April 2008 in Alberta as a spinoff 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. Through its exploration alliance with Capstone Mining Corp.'s subsidiary, Minto Explorations Ltd., Northern Tiger benefits from a wide range of... Full story
Gold shone brightly through the financial tempest that caused base metal prices to plummet and sent stock markets tumbling during the past year. Neither the global financial meltdown of 2008, nor the market stabilization of 2009 has impeded the upward trend of gold prices as they have steadily climbed to new all-time highs. Gold has been running with the bulls since 2001 when the average ounce of the yellow metal sold for a mere US$271. The value of the precious metal has made...
Mantra Mining Inc. reported several major developments recently, including plans to spin off properties with significant zinc mineralization, changing its name and completion of planned 2009 work programs on its exploration properties in Alaska. The Vancouver, B.C.-based junior said it would hold a special meeting Sept. 25 to seek approval from shareholders to pass a special resolution that will spin out the properties in a company called AsiaBaseMetals Inc. The transaction would involve each existing Mantra shareholder...
