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 179
Yukon Territory, a mineral exploration frontrunner in Canada's North, is witnessing a significant slowdown in 2019. As a result, growth in Yukon's economy is expected to slow this year but rebound in 2020, according to The Conference Board of Canada. In its "Territorial Outlook Economic Forecast: Summer 2019," released in June, the board said new mines coming online in 2020 will drive Yukon's growth in the near future. Several factors, however, have converged to put the...
Engineer Gold Mines Ltd. July 31 announced that it has hired Whitehorse-based DeCoors Mining Corp. to carry out a mobile metal ion (MMI) soil geochemical survey on the historic Engineer Gold Mine property about 32 kilometers (20 miles) west of Atlin, in northwestern British Columbia. MMI soil sampling, which detects metal ions released from mineralized material and travel upward toward the surface, has proven to be very effective in delineating near-surface, narrow,...
More than three dozen explorers chased lucrative mineral deposits in Yukon Territory in 2017 and most of these junior and senior companies returned to the northern jurisdiction this year to take another crack at hitting the jackpot. Known for its rich and storied gold mining history as well as its rugged mountain peaks, Yukon is roughly 15 percent larger than California, covering more than 482,000 square kilometers (186,272 square miles). Split off from the Northwest...
Strategic Metals Ltd. has more than 100 mineral properties in the Yukon, making it the largest claim holder in the territory. These properties, along with projects it has in neighboring Northwest Territories and northern British Columbia, are prospective for gold, silver, lead, zinc, copper, tin, tungsten, vanadium and lithium. The company started off its 2016 exploration by acquiring additional information at some of its most prospective gold projects in Yukon. The work included trenching at OOO, a silver-gold property...
Like a gong proclaiming the end of the long and arduous bear market for North of 60 mining explorers, the May 12 news that Goldcorp Inc. would buy Kaminak Gold Corp. for roughly C$500 million reverberated from Yukon Territory throughout the North. While the rich lure of developing a mine at Kaminak's robust Coffee gold project lured Goldcorp to the Yukon, it was the exploration potential and the ability to permit and build a mine that convinced the producer to expand into the...
Strategic Metals Ltd. July 28 posted results from the initial phase of 2016 exploration at its Hartless Joe gold-silver property, located 28 kilometers (17 miles) northeast of Whitehorse, Yukon Territory. High-grade results were obtained from three showings in the north-central portion of the property. Highlights from continuous chip samples taken from bedrock exposed in hand trenches include: 462 grams per metric ton gold and 79.6 g/t silver over 0.40 meters at Queen showing; 44.3 g/t gold and 375 g/t silver over 2.1 meters...
Kaminak Gold Corp. May 5 posted a C$29 million budget for the 2016 program at its Coffee Gold project in Yukon Territory. Nearly half of the 2016 budget (C$13.9 million) has been allocated to mine permitting; another C$6.2 million will be spent on pre-development and advanced engineering; and C$5 million has been earmarked for exploration. The remaining funds will be set aside for general and administrative expenses, marketing and the opening of offices in Whitehorse and Dawso...
Klondike Gold Corp. April 14 said it is expanding its planned drill program at the Lone Star and Dominion gold properties near Dawson City, Yukon Territory from 20 holes to at least 50, and increases the budget from C$350,000 up to C$750,000. All 50 planned holes will target outcropping quartz vein arrays containing visible gold, outcrop grab samples with at least five grams per metric ton assay results, or both, and all are associated with magnetic breaks (faults) that are...
Strongbow Exploration Inc. March 7 said it has reached an agreement to purchase Teck Resources Ltd. royalty interest in the Mactung and Cantung tungsten projects located along the border between Yukon and Northwest Territories. Under the terms of the agreement, Strongbow will pay Teck C$1.5 million on closing of the acquisition, and make a further C$1.5 million payment when either there has been a decision to develop Mactung or commercial production resumes at Cantung. "We...
Strategic Metals Ltd. Sept. 30 announced the discovery of high-grade gold mineralization at its Hartless Joe property, located 28 kilometers (18 miles) east-northeast of Whitehorse, Yukon Territory. A continuous chip sample taken across the discovery outcrop graded 60 grams per metric ton gold, 554 g/t silver, 5.01 percent lead, and 0.35 percent copper over 1.2 meters. The chip sample was taken from a quartz-rich band that is either an exhalite horizon or a flat-lying vein. Th...
Banyan Gold Corp. April 16 announced plans to resume drilling at its Hyland Gold property in eastern Yukon Territory. Banyan has signed a contract with Whitehorse-based Kluane Drilling to complete at least 1,200 meters of core drilling at Hyland and has mobilized all required equipment and materials to site to support this program. A dozer and excavator delivered to the property will allow for access construction and trenching of the project's Montrose Ridge zone. Montrose...
Wellgreen Platinum Ltd. Jan. 2 said an updated preliminary economic assessment for Wellgreen strengthens the company's vision that the southwestern Yukon Territory project has the potential to become one of the largest and lowest-cost open pit platinum group metals-nickel mines in the world. The Wellgreen project is envisioned as a conventional open pit operation, with some selective higher grade underground mining. Milling would start at 25,000 metric tons per day for the...
Northquest Ltd. Jan. 6 reported final results from its 2014 drill program at the Pistol Bay gold project in Nunavut. The best hole of the campaign cut 134.4 meters grading 1.36 grams per metric ton gold at the Vickers target. Twelve of the 13 drill holes completed at Vickers in 2014 intersected the gold zone. Northquest said this drilling extended the Vickers zone for 200 meters to the east of all previous drilling. The best hole at Vickers, previously reported, cut 221.7 mete...
Unlike its neighbors in the North, the Yukon Territory is forecasting a marked increase in exploration in 2014. While well shy of the roughly C$300 million invested in exploration in 2011, the peak of the modern Yukon gold rush, the C$65 million forecast to be invested on exploration in the Yukon during 2014 is roughly a 45 percent leap over last year. This exploration spending is dominated by an aggressive drill program at the Selwyn zinc project, situated in an area of...
Yukon Territory, lauded in recent years for its mine-friendly business climate, boast three operating mines coming online in the past seven years as well as strong prospects for more than doubling that number by 2020. Yet all three mines have hit rough patches in their operations in 2014 for distinctly different reasons. "It's been a little bit challenging for each of the producing mines this year," observed Robert Holmes, director of the Mineral Resources Branch of Energy, Mines and Resources in the Government of Yukon in...
WHITEHORSE, Yukon Territory - Quieter streets, emptier skies, shorter business hours and closed shops here are sure signs of tough times in the mining industry. Hours away by helicopter, one can find bare-bones exploration camps and skeleton staffs sprinkled like the occasional grain of visible gold across remote mountain vistas, which also reflect the return to the frugal times of the past. In the wake of more than two years of scarce capital, mineral exploration activity is a shadow of the booming times the territory...
The languishing price of zinc has provided little incentive for investors to embrace companies seeking to explore and develop the next generation of mines that produce this essential metal. However, an expected 1.5 million metric tons of supply being lost to mine closures by 2016 is beginning to galvanize the zinc sector. "In the case of zinc, this is a metal that's been unloved for a long time. As a result there has been very little investment put into the industry. Due to th...
The Government of Yukon has bestowed the prestigious Robert E. Leckie awards for 2013 on two small mining operations in honor of their exceptional mining practices, especially in a year when they were plagued by scarce capital and tough financing conditions. Placer miners Ben Warnsby and Alex Seely, owners of recently acquired claims in the Dawson mining district of central Yukon, and Ryan Coe and Jeff Bridge of Regent Ventures Ltd. accepted the honors Nov. 18 at the 41st Annual Geoscience Forum banquet in Whitehorse. "The...
ATC: TSX-V President: Robert Carne Chief Executive Officer: Graham Downs Chief Operating Officer: Ian Talbot Atac Resources Ltd., a member of the Strategic Exploration Group, followed up in 2013 several past seasons of exploration success on the Rackla Gold project located in the Mayo Mining District of east-central Yukon Territory. The project encompasses more than 8,000 mineral claims and covers 1,700 square kilometers (about 656 square miles) in an east-west extending land package more than 185 kilometers (114 miles) long...
In 2013, the mineral industry globally has been buffeted by financial challenges. Development infrastructure has seen major cost increases. Multinational corporations have had major write-downs of assets associated with falling mineral prices. Junior exploration companies have not been able to raise venture capital for funding projects as investors appear to be shying away from what is seen as a risk investment. Yukon was not exempt from these challenges. Most exploration programs were downscaled with emphasis on lower-cost...
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,...
