The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 76 - 100 of 383
White Gold Corp. Oct. 14 reported that it cut high-grade gold mineralization in five of the six holes drilled this year at Ryan's Surprise, a target about 2,000 meters west of the company's flagship Golden Saddle deposit in the Yukon. The Golden Saddle and Arc deposit on the White Gold property host 15.6 million metric tons of indicated resource averaging 2.28 grams per metric ton (1.14 million oz) gold; and 9 million metric tons of inferred resource averaging 1.39 g/t...
White Gold Corp. Oct. 22 reported that this year's trenching, GT probe and soil sampling at JP Ross has identified widespread structurally controlled gold mineralization at multiple targets on the road accessible property in Yukon's White Gold District. "To date, at least 14 gold targets have been identified on the JP Ross property across a 14- by 11-kilometer (8.7 by 6.8 miles) area, many within close proximity to significant current and historical placer gold operations,"...
Doyon Ltd. is seeing a resurgence of mineral exploration on its lands across Interior Alaska, especially on gold properties held by the Alaska Native Claims Settlement Act regional corporation. Running the breadth of Alaska between the Brooks Range to the north and Alaska Range to the south, the Doyon region blankets a mineral-rich swath of Alaska's Interior that is nearly the size of Texas. Doyon itself, owns 12.5 million acres of land within this vast region, making it the...
Ten years ago, Yukon Territory witnessed a minor stampede of mineral explorers, hoping to cash in on new gold discoveries in the White Gold District south of Dawson City. A decade later, gold hunters are again targeting prospects across the northern Canadian territory, drawn by the recent successful startup of a new gold mine at Victoria Gold Corp.'s Dublin Gulch Property east of Dawson City in central Yukon as well as discoveries of other rich aurum deposits in Yukon....
White Gold Corp. Aug. 6 announced that drills are testing Ryan's Surprise a target that could add to the more than 1 million ounces of gold already outlined on the company's White Gold property. The two main deposits identified so far at White Gold, Golden Saddle and Arc, host 14.3 million metric tons of indicated resource averaging 2.26 grams per metric ton (1.04 million oz) gold and 10.7 million metric tons of inferred resource averaging 1.48 g/t (508,700 oz) gold. Ryan's,...
White Gold Corp. June 29 announced the launch of its 2020 exploration program, including drilling at Titan, a high-grade gold project on the Hen property about 70 kilometers (43 miles) southeast of Dawson City, Yukon. "We are very excited to kick off our 2020 exploration program," said White Gold CEO David D'Onofrio. "The fully funded program is designed to be focused and impactful starting with drilling the Titan anomaly identified late last year and to follow up on some of...
Tectonic Metals Inc. June 25 announced that it has added a new gold property in the Goodpaster Mining District and acquired a dataset that will assist the company's exploration across this gold-rich region of Alaska's Interior. The new property, known as Maple Leaf, is roughly nine miles (15 kilometers) northeast of Tectonic's Tibbs project and about 31 miles (50 kilometers) east of Northern Star Resources Ltd.'s Pogo gold mine. The Tectonic team staked this 11,840-acre...
White Rock Minerals Ltd. June 10 said a team of geologists is slated to explore the Last Chance prospect in preparation for the first drilling at this gold discovery on the company's Red Mountain project in Interior Alaska. A detailed regional stream sediment program carried out last year led to the discovery of Last Chance, which is located on the west end of White Rock's 216-square-mile (559 square kilometers) property about 60 miles (100 kilometers) south of Fairbanks. Whil...
There are signs of renewed life for the Niblack copper-gold-zinc-silver project on Prince of Wales Island in Southeast Alaska. Heatherdale Resources Ltd., the company that owns Niblack, advanced the potential underground mine nearly to the permitting stage but became hampered by financial liabilities. A deal announced on June 3 cleans up Heatherdale's balance sheet and puts Rob McLeod at the helm of the restructured company. According to a resource calculated in 2011, Niblack...
White Gold Corp. is gearing up for another season of systematically advancing the dozens of exploration targets identified across its more than 1-million-acre (422,730 hectares) land package in Yukon's White Gold District. On May 15, the Yukon-focused gold exploration company announced that longtime strategic partners and new institutional investors are participating in a C$6 million financing that involves the issuance of 6.67 million flow-through shares at C90 cents each. Go...
Canada's provinces and territories have fallen from grace in the eyes of the global mining community, according to the latest rendition of Fraser Institute's Annual Survey of Mining Companies. For the first time in a decade, no Canadian jurisdiction ranks in the top 10 for "investment attractiveness" in the annual survey conducted by the Canadian public policy think-tank. This report asks industry professionals from around the globe to score mining jurisdictions based on their...
White Gold Corp. Feb. 20 said drilling has extended VG, the main deposit on its recently acquired QV gold property in Yukon's White Gold District. Acquired by White Gold early last year, QV is located just across the Yukon River and north of the White Gold property. The previous owner, Comstock Metals Ltd., had outlined 4.4 million metric tons of inferred resource averaging 1.65 g/t (230,000 ounces) gold in the VG deposit. White Gold said the property has geologic...
After being stalled for decades, hardrock gold mine development in Yukon Territory appears to be picking up speed, as one company rockets toward full mine production by mid-2020, while at least two others report exciting new discoveries. The Yukon, legendary for producing millions of ounces of gold dating back nearly 125 years, is still one of the best places on Earth to find the precious metal. Yet few modern gold projects have managed to overcome the constraints imposed by...
White Gold Corp. Jan. 9 announced that rotary air blast (RAB) has confirmed robust bedrock gold mineralization at several targets beyond the high-grade Vertigo discovery on the road accessible JP Ross property about 60 kilometers (37 miles) southeast of Dawson City, Yukon. The company completed 1,644 meters of RAB drilling in 27 shallow holes that tested outlying prospective areas at Vertigo and several other nearby targets. The targets were generated from the company's...
With two Australian companies making major investments and several exploration companies from Down Under chomping at the bit to get into the field, 2020 is shaping up to be the best year for Alaska's mining sector in a decade. When you add up the investments South32 Ltd. plans to make in the Ambler Mining District and other exploration projects; Northern Star Resources Ltd.'s spending at the Pogo gold mine; and the exploration dollars at least five other Aussie companies are...
White Gold Corp. Dec. 19 said its 2019 drilling at Vertigo has confirmed continuity of the high-grade, near surface, gold mineralization discovered at this target on the road-accessible JP Ross property in Yukon's White Gold District. The 2018 discovery hole at Vertigo cut 3.1 meters of 56.25 grams per metric ton gold from a depth of 3.1 meters, part of a 10.67-meter intercept averaging 17.34 g/t gold. Follow-up RAB and reverse circulation drilling during the 2018 season...
White Gold Corp. Nov. 26 announced high-grade gold intercepts from discovery drilling of the Titan target at the company's Hen property in Yukon's White Gold District. Situated less than 15 kilometers west of the Vertigo discovery on the JP property and 25 kilometers north of the Golden Saddle and Arc deposits on the White Gold property, Titan is a new discovery identified with soil sampling by White Gold. One sample from Titan returned 113 grams per metric ton gold, the...
As the year winds down, mineral industry evaluations for 2019 are being published at a rapid rate. One of the most interesting such global reviews is EY Global Mining and Metals' annual "risk radar" for mining and metals, outlining what mining companies perceive as the top ten risks facing them in the near future. This publication stated that, for the second straight year, "social license to operate" remains the number one risk facing mining companies in 2020. This was...
Investors looking for mineral exploration companies boasting a team with a proven track record and gold properties in safe and mineral-rich jurisdictions have a new choice with the Tectonic Metals Inc. symbol, TECT, listed on the TSX Venture Exchange at the opening of trading on Nov. 18. While Tectonic may be the newest mineral explorer on the TSX Venture Exchange, the company has been acquiring and assessing gold properties in Alaska for the past two years as a privately...
When it comes to mineral exploration incentives, currency exchange and infrastructure, Alaska is at a disadvantage in the realm of attracting exploration investments from Canada and Australia, countries that are home to the majority of mining companies. The Far North State's vast and underexplored mineral potential, however, trumps these handicaps in the minds of a growing number of miners and mineral explorers. Mining executives from around the globe perennially rank Alaska...
Though mineral exploration in Yukon Territory this year lagged the pace seen in 2018, mine development projects advanced at a steady clip in 2019, while several past-producing mines moved toward resuming output. Yukon ranked fourth in Canada for projected spending on mineral exploration and deposit evaluation for 2018, according to statistics distributed by Natural Resources Canada. Spending for mineral exploration and deposit evaluations totaled C$249.4 million, made up of C$...
The two mega-mergers that hit the gold mining sector early in 2019 – Barrick Gold Corp. combining with Randgold Resources Ltd. and Newmont Mining Corp. acquiring Goldcorp Inc. – is forever changing the gold mining landscape around the world. While the two largest gold mining companies Newmont Goldcorp (No. 1) and Barrick (No. 2) are still in the process of shedding assets following the mega-mergers, it seems that Newmont Goldcorp will emerge with a much stronger foothold in...
With diamond drills turning at three different properties in west-central Yukon this field season, along with rotary air blast drilling, soil sampling and other activities, White Gold Corp. is one of the busiest mineral explorers in the region, if not the entire territory. The Toronto-based junior, backed by partners Agnico Eagle Mines Ltd. and Kinross Gold Corp. – each owning 20 percent of the company – said it would spend C$13 million in 2019 exploring a huge land pac...
Kinross Gold Corp. focuses its in-house exploration on high-quality brownfield projects and the discovery of new resources within the existing footprint of several of its mine properties, including extensions of known mineralization, as well as looking at other properties in surrounding districts. The Fort Knox Mine in Interior Alaska is an example of the Toronto-based gold miner's brownfield success. In its 23rd year of operation, this open-pit mine a few miles north of...
Emerging on Alaska's exploration scene in 2018, Tectonic Metals Inc. is a new junior mining company that applies a business-first strategy to managing the risks inherent to advancing grassroots gold discoveries to a multi-million-ounce gold reserve that global mining companies want to buy and the local people want to see developed into a mine. "Junior mining is 99 percent risk, the failure rate is huge, yet nobody has any protocols in place for managing the risks," Tectonic...
