The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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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...
With nearly five exploration seasons under its belt, Kaminak Gold Corp.'s Coffee Gold Project appears to be on the road to delivering on its potential as an emerging district-scale mining opportunity. Located in the White Gold district of west-central Yukon Territory, Coffee was optioned by Kaminak in 2009 from Yukon prospector Shawn Ryan. The company has explored the property every year since, and reported discovery of at least 11 gold zones. Kaminak CEO Eira Thomas said the fine-grained gold mineralization found at Coffee,...
From Kotzebue to Ketchikan, Alaska Industrial Development and Export Authority is using its financial muscle and its ability to build and operate large infrastructure projects to help mining companies overcome the challenges of developing the often remote mineral riches that the Last Frontier has to offer. "We are working with local communities and mine developers on infrastructure projects throughout Alaska, including port facilities and energy supply," said AIDEA external...
A substantial amount of mining activity continued apace in Yukon Territory this season even though most mining companies are shying away from the anorexic capital markets. Many exploration companies raised funds in other ways, 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 mineralization elsewhere in the territ...
You say the world's frontiers have all been conquered, and Nature's riddles have all been solved? Don't tell that to Darnley Bay Resources Ltd. The Toronto-based junior is celebrating two decades this summer of working to unravel one of Earth's most intriguing mineral mysteries. The puzzle lies deep beneath the earth's surface in Canada's Far North in what potentially may be the strongest isolated gravity anomaly in the world and certainly, in North America. Located near Paulatuk, Northwest Territories on the Arctic coast,...
While others may have encountered insurmountable challenges, the new producers of precious and base metals in Canada's Far North achieved solid and, in some cases outstanding, performance results in 2012. The Meadowbank Mine in Nunavut and the three operating mines in Yukon Territory - Minto, Bellekeno and Wolverine, that began commercial production in recent years, posted results for the fourth quarter and full year of 2012 as well as guidelines for positive outcomes in 2013. Nunavut gold The Meadowbank Mine is the largest o...
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...
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...
NFR: TSX President and CEO: John Burges, B.Sc., P.Geo. Chairman: John Anderson Vice President, Exploration: Paul Reynolds B. Sc., P. Geo. Constrained by the tight financial markets, Northern Freegold Resources Ltd. explored its road-accessible Freegold Mountain gold and copper project located in central Yukon Territory with limited programs in 2012, after delivering an initial NI 43-101 resource estimate in January of 3.7 million ounces gold-equivalent at a 0.5 grams-per-metric-ton cut-off grade for the property's giant Reven...
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...
RYG: TSX-V Interim Chief Executive Officer: David Schmidt President: Shawn Ryan Acting Chief Geologist: Andy Randell Ryan Gold Corp. is an exploration company focused primarily on prospects in Yukon Territory. A well-funded explorer, the company holds a 4,700-square-kilometer (1,815 square miles) land package comprised of 80 different properties. Ryan Gold's flagship Ida Oro property is located 85 kilometers (53 miles) east of Dawson City in central Yukon. In 2012 the explorer's work program included drilling 6,000 meters on...
YJK: TSX President and CEO: Charles C. "Chuck" Downie, P.Geo. Chairman: Tim J. Termuende, P.Geo. Chief Financial Officer: Glen J. Diduck, CA Yellowjacket Resources Ltd., spun out in December 2011 from Eagle Plains Resources Ltd., is focused on the Yellowjacket Gold Project located 9 kilometers (5.6 miles) east of Atlin, B.C. In a plan of arrangement, the junior acquired the Yellowjacket gold project, together with C$600,000 cash, C$969,020 in investment assets and reclamation bonds of C$150,522.The project is the site of a...
In exploring for gold in the central Kivalliq region of Nunavut this field season, North Country Gold Corp. has found evidence of emerald in drill core at the Anuri prospect on its 300-kilometer- (186 miles) long Committee Bay Greenstone Belt Property. The junior's Nunavut land package at Committee Bay consists of 222,623 hectares (550,101 acres) and has identified five distinct mineral development centers, including the Anuri-Raven prospect and the Three Bluffs gold deposit where the company has focused exploration in...
Location, location, location," the old adage goes, summing up the opportunities and challenges faced by the real estate industry. Well, "infrastructure, infrastructure, infrastructure," can offer the same insights into the problems of modern mining in remote jurisdictions like Yukon Territory. The relative scarcity of roads, bridges, airports, power and other infrastructure in the Yukon is critical to the outlook for mining, and in many cases, the presence or lack of these important components can spell the difference between...
Haines Borough Manager Mark Earnest is a man on a mission, getting the word out to mining companies in Yukon Territory that the deep-water port in his sleepy Alaska community of 1,811 souls could well be the answer to their prayers. Unlike the Port of Skagway, its increasingly busy neighbor to the northeast, the Port of Haines is virtually devoid of congestion. The port attracts only one cruise-ship a week along with daily ferry service in summer, has very little road traffic thanks to a designated truck route that bypasses...
Capstone Mining Co., Alexco Resource Corp. and Yukon Zinc Corp. have crossed the Rubicon. Unlike other mining companies in Yukon Territory who continue to grapple with the complexities and uncertainties of exploration and development, the operators of the Minto, Bellekeno and Wolverine mines are working to master a new set of challenges - optimizing their mining and milling processes. Going gangbusters at Minto It will be five years in October since Sherwood Copper Corp. (Capstone Mining Corp.'s predecessor) commenced...
DAWSON, Yukon - The 3rd Annual Dawson Rocks conference, an annual exposition for active mineral exploration projects in Yukon Territory, offered a sobering reminder of the power of the markets in the world of mining. Absent were the scores of juniors that packed much larger exhibition halls in 2010 and 2011 with enticing displays of samples, maps and drill core. This year a dozen exhibitors, ranging from part-time, grassroots prospectors to representatives of advanced exploration projects like Kaminak Gold Corp.'s Coffee...
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...
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...
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...
Yukon Territory is poised to take its largely successful campaign to attract and encourage a robust mining industry to the next level by developing a new center for mineral research and mine training in the North. Yukon College, the territory's focal point for higher education and training, is conducting a yearlong study of the feasibility of establishing a Centre for Northern Innovation in Mining. The proposed center would offer accredited programing in mining and related technology and conduct, in collaboration with...
The value of mineral production in Yukon Territory is expected to soar in 2013 to more than C$1 billion when the third of three producing mines hits its stride with commercial output of about 1,700 metric tons per day. The territory, meanwhile, is enjoying the economic benefits of having three high-paying and big spending mines in operation. In 2011 the value of mineral production at Capstone Mining Corp.'s high-grade Minto copper-gold-silver mine, Alexco Resource Corp.'s Bellekeno silver-lead-zinc mine and Yukon Zinc...
The Yukon Chamber of Mines recently signed a memorandum of understanding with the First Nation of Na-cho Nyak Dun and the Tr'ondëk Hwëch'in to create a framework within which the industry and aboriginal groups will work together for their respective goals. The First Nations said they seek to preserve a way of life that is based upon an economic and spiritual relationship with the land, while the Chamber of Mines said it aims to promote a vibrant, healthy, safe and responsible mining and exploration industry in the Yukon. T...
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...
Droves of exploration companies have rushed to Yukon Territory in recent years to hunt for sizable deposits of gold, silver, copper, rare earth elements and base metals. Employing the most advanced geophysical and geochemical techniques available, along with their best hunches, these explorers, like others around the globe, are pulling out all the stops to find commercial quantities of the minerals currently riding the winds of strong demand and high prices. But noticeably absent from the list of lucrative commodities being...
