The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 801 - 825 of 3020
Alexco Resource Corp. owns a number of mineral properties that blanket nearly the entire historic Keno Hill Silver District of central Yukon Territory, including the Bellekeno silver-zinc-lead mine. The company began commercial production at Bellekeno early in 2011. However, in 2013 the company temporarily suspended operations due to lower silver prices. Since the idling of the mill, Alexco has focused on exploration and development of some of the other deposits on the larger Keno Hill property. The company budgeted C$3.3... Full story
Golden Predator Mining Corp. focused its 2016 exploration on 3 Aces and Brewery Creek, two of the company's five mineral properties in the Yukon Territory. At 3 Aces, a high-grade gold project located in southeastern Yukon, the company completed a roughly 750-ton bulk sample of high-grade vein material from the Ace of Spades (formerly Sleeping Giant) vein. In August, the company reported the recovery of 81.4 ounces of gold and 7.77 oz. of silver from the processing of 87.8 dry tons of the bulk sample material. Golden... Full story
Rockhaven Resources Ltd. focused its 2016 exploration program on further defining and expanding the high-grade gold-silver resources at Klaza with the aim of bolstering the outcome of a preliminary economic assessment prepared for the project in southern Yukon Territory. Including the 56 holes drilled in 2015, Klaza now hosts 9.42 million metric tons of inferred resource grading 4.48 grams per metric ton (1.36 million ounces) gold, 89.02 g/t (26.96 million oz.) silver, 0.75 percent (155.4 million pounds) lead and 0.95 percent... Full story
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... Full story
Wellgreen Platinum Ltd. is endeavoring to develop a mine at its namesake platinum group metals-copper-nickel project located near the Alaska Highway in southwestern Yukon Territory. Towards this goal, the company completed a C$14.1 million financing early in 2016. Electrum Strategic Opportunities Fund, the sole subscriber to the private placement, purchased 70.5 million Wellgreen shares at C20 cents per share. The company raised another C$2 million in a separate private placement at C30 cents per share. An updated... Full story
Goldstrike Resources Ltd. continues to find new zones of visible gold across its 3,500-hectare (8,650 acres) Plateau South property in the Yukon Territory. The most recent such discovery was made at a zone called Bonanza, which is located about 4,000 meters away from and along trend with the Goldstack zone, one of the three primary gold zones along a 50-kilometer- (31 miles) trend at Plateau South. In July, the company reported that initial mapping of a 12- by 20-meter outcrop at Bonanza zone identified the most pervasive... Full story
Three years of work to optimize its Prairie Creek zinc-lead silver mine project in Northwest Territories is paying off for Canadian Zinc Corp. In March, this optimization work resulted in an updated and improved pre-feasibility study. A resource calculated late in 2015 outlined 8.7 million metric tons of measured and indicated resources averaging 8.9 percent zinc, 9.5 percent lead and 136 grams-per-metric-ton silver; a 32 percent increase compared to the last resource calculation in 2012. Based on the increased resource, the... Full story
Peregrine Diamonds Ltd. continues to focus on the exploration and potential development of its Chidliak diamond project located roughly 120 kilometers (75 miles) north of Iqaluit, the capital of Nunavut. Since 2008, 71 kimberlites have been identified on the 748,000-hectare (1.85 million acres) Chidliak property, eight of which are considered to be potentially economic. In July, the company published results from a preliminary economic assessment for an initial phase of development at two of these kimberlite pipes, CH-6 and... Full story
Aston Bay Holdings Ltd. is focused on unlocking the copper and zinc potential of its Aston Bay property on northwest Somerset Island, Nunavut. Late in 2015, Aston Bay cut a deal with Commander Resources Ltd. that consolidated this 395,000-hectare (976,066 acres) land package that covers the Storm Copper and Seal zinc projects. In return, Commander now owns about 20 percent of Aston Bay shares. After gaining full ownership of the property, Aston Bay Holdings cut a C$40 million deal with BHP Billiton Ltd. to explore Storm... Full story
Sabina Gold & Silver Corp. is endeavoring to evolve from a successful mining explorer to a mid-tier gold producer by developing its Back River gold project in western Nunavut. The company completed two feasibility studies for the Back River project in 2015. The first, published in May, demonstrated that a 6,000-metric-ton-per-day operation returned compelling economics but requires significant initial capital. As a result, a second feasibility study was undertaken to investigate starting with a 3,000-metric-ton-per-day mine... Full story
Nighthawk Gold Corp. continued to advance exploration at its 200,000-acre Indin Lake gold property with a 8,390-meter drill program looking to add higher grade near surface gold to the project's resource. Located roughly 200 kilometers (125 miles) north of Yellowknife, Northwest Territories, the Indin Lake property hosts a number of gold deposits, including the historical Colomac open-pit mine, which produced 527,908 ounces of gold during the 1990s. In 2013, Nighthawk reported an inferred mineral resource estimate of 39.8 mil... Full story
TerraX Minerals Inc. is carrying out year-round exploration aimed at unlocking a multimillion-ounce gold camp at its Yellowknife City Gold Project, which extends north and south of the capital of Northwest Territories. Blanketing the same geological trend that hosts the historic Con and Giant mines, which produced a combined 14.2 million ounces of gold, the company's 118-square-kilometer (45.5 square miles) Yellowknife property blankets a region known for yielding deposits of a scale and grade to be among Canada's great gold... Full story
Dominion Diamond Corp. sorts and sells diamonds it receives through its substantial interests in the world-class Ekati and Diavik mines in Northwest Territories about 300 kilometers (190 miles) north of Yellowknife. The company operates the Ekati Diamond Mine through an 88.9 percent ownership of the project's Core zone as well as a 65.3 percent ownership in the Buffer zone. As of the end of April, Dominion's share of the reserves at Ekati was 110.8 million carats of diamonds, enough to keep the mine in operation into 2033. Mo... Full story
North Arrow Minerals Inc. has seven diamond exploration projects in Canada - Qilalugaq, Mel and Luxx in Nunavut; Lac de Gras and Redemption in Northwest Territories; Pikoo in Saskatchewan; and Timiskaming in Ontario. In March, North Arrow launched a 28-hole (1,577 meters) drill program at Redemption, a diamond project located in the Lac de Gras district of NWT about 32 kilometers (20 miles) southwest of the Ekati Mine. This program, which targeted geophysical anomalies within the central part of the property, did not...
While most mining jurisdictions have seen sharp drops in mineral exploration spending, such investments in Northwest Territories has largely held steady at about C$100 million annually during the past five years. As a result, this diamond-rich territory accounted for roughly 7 percent of mineral exploration spending in Canada in 2016, compared with only about 2 percent in 2011. The ultimate measure of mineral exploration success is not the amount of exploration dollars spent... Full story
With Canada's newest diamond mine looming on the horizon in Northwest Territories, crews at the Kennady North project about seven kilometers (4.5 miles) to the southwest, do not have far to look for inspiration. It is not serendipitous that Gahcho Kué – a mine being ramped up to commercial production by De Beers Canada (51 percent) and Mountain Province Diamonds Inc. (49 percent) – and Kennady North are within eyesight of each other. In fact, Kennady Diamonds Inc. was spun... Full story
Nordgold - a European gold producer with operations in Russia, Kazakhstan, Burkina Faso and Guinea - is applying its arctic experience to the Pistol Bay gold project in Nunavut. Since at least 2014, Nordgold has become increasingly more involved with exploration at Pistol Bay through its investments in Northquest Ltd., a Toronto-based junior that is advancing the 861-square-kilometer (332 square miles) property that blankets 90 kilometers (55 miles) of the Pistol Bay trend, a series of surface-gold occurrences and zones that... Full story
Raising C$14.9 million in May, a well-funded Auryn Resources Inc. anticipated 2016 exploration of its expansive Committee Bay gold project in Nunavut. Three Bluffs, the most advanced of the targets at Committee Bay, hosts 4.32 million metric tons of indicated resource averaging 4.91 grams-per-metric-ton (683,000 ounces) gold; and 5.52 million metric tons of inferred resource averaging 5.43 g/t (965,000 oz.) gold. After a thorough review of the historical data surrounding this deposit, Auryn identified a 4,000-meter-long... Full story
Agnico Eagle Mines Ltd. took healthy strides in 2016 towards developing Amaruq as a satellite to its Meadowbank gold mine in Nunavut. The company acquired Amaruq, a previously undrilled gold property about 50 kilometers (31 miles) northwest of Meadowbank, in 2013 and by the end of 2015 had already outlined 16.9 million metric tons of inferred resource averaging 6.05 grams of gold per metric ton (3.3 million ounces) gold. About 89 percent of this resource is found in a deposit... Full story
TMAC Resources Inc. is closing in on the final destination on the “path to production” at its Hope Bay gold project in northwestern Nunavut. "We remain on track and on budget with our progress to advance the Hope Bay Project towards commercial production in early 2017,” TMAC CEO Catharine Farrow informed shareholders in August. TMAC acquired Hope Bay, a 1,100-square-kilometer (425 square miles) property that blankets most of the 80-kilometer- (50 miles) long Hope Bay green...
Nunavut seems to be ahead of the curve when it comes to recovering from the global downturn in mineral exploration spending. An estimated C$202.5 million was invested in unlocking this Canadian territory's mineral potential in 2015. This 28 percent increase over the C$158 million invested in 2014 came at a time when most jurisdictions around the world were continuing a four-year trend of sharp drops in mineral exploration. While early estimates have Nunavut giving up some... Full story
Endowed with some of the largest undeveloped mineral belts in the world, investment in public geoscience has shown the potential of Nunavut. The 2 million square kilometers (772,000 square miles) of the territory is geologically diverse and offers the potential for many commodities, including gold, diamonds, uranium, iron, base metals, nickel and platinum, making it an attractive destination for exploration. Although many new discoveries are yet to be made, existing mineral... Full story
Stakeholder Gold Corp. has nabbed the expertise of renowned Yukon prospector Shawn Ryan to explore the potential of the Ballarat gold project in the Yukon Territory. Ryan, who discovered Kinross Gold's White Gold project and Goldcorp's Coffee project, typically works only on his own properties. However, he made an exception for Ballarat, which lies across the Yukon River from Coffee and just southeast of White Gold. Planned and executed by GroundTruth Exploration Inc., an innovative exploration company founded by Ryan, an...
Atac Resources Ltd.'s 2016 program included work at both the Rau and Nadaleen trends on its Rackla gold project, an extensive land package that stretches roughly 185 kilometers (114 miles) east-west across central Yukon Territory. At Rau, a 20-kilometer-long (12.5 miles) trend towards the western end of the Rackla project, Atac is focused on potential development of the Tiger oxide deposit and exploring similar targets in the area. In May, the company reported an updated...
Independence Gold Corp. is exploring a growing portfolio of gold projects in Yukon Territory and British Columbia. Boulevard, a gold property that lies immediately south and west of Goldcorp Inc.'s recently acquired Coffee gold mine project, has been a primary exploration focus in recent years. Goldcorp, which acquired Coffee through a C$500-million buy-out of Kaminak Gold Corp., also acquired a 19.99 percent interest in Independence Gold buy purchasing 10.88 million shares of that company through a private placement in... Full story
