The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 75 of 81
Newmont Corp. has laid down a US$311 million (C$393 million) cash offer to acquire full ownership of GT Gold Corp. and its Tatogga copper-gold-silver project in the traditional territory of the Tahltan Nation of northwest British Columbia. "We are excited to expand our world-class portfolio to include the Tatogga project in the Tahltan Territory located in the highly sought-after Golden Triangle district of British Columbia, Canada," said Newmont President and CEO Tom Palmer....
The formation of bonanza-grade gold veins like those running through the ore at Pretium Resources Inc.'s Brucejack Mine in Northern British Columbia, Canada has long baffled scientists. Given the time it would take the mineralizing fluids carrying minute concentrations of gold to form the thick veins of the precious metal, they simply should not exist. Yet, these seemingly impossible ultrahigh-grade seams of gold are found at places like Brucejack, Ballarat in Australia,...
Fed up with the Discovery Channel show "Jade Fever" glorifying what it considers irresponsible and disrespectful mining practices in the territory of the Tahltan First Nation people it represents, Tahltan Central Government is demanding that the producer suspend airing the "reality show." Having recently launched its seventh season on Discovery Channel Canada, Jade Fever follows a family-run mining operation that extracts jade from placer and hard rock deposits in the Cassiar...
With the completion of the buyout of GT Gold Corp., Newmont Corp. has bolstered its portfolio of copper-gold projects in British Columbia's Golden Triangle. "With the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia, Canada, Newmont continues to strengthen our world-class portfolio," said Newmont President and CEO Tom Palmer. Newmont first grabbed a solid foothold in the Golden Triangle with the 2018...
The Tahltan First Nation has put mining and mineral exploration companies hoping to do business in northwestern British Columbia on notice – build respectful relationships with Tahltan governments and people or you will not be welcome in Tahltan Territory. This warning came in the form of an official notice from Tahltan Central Government, the administrative governing body for the Tahltan Nation, opposing any further operation by Doubleview Gold Corp. in Tahltan Territory. T...
Despite being challenged with a COVID-19 outbreak, Pretium Resources Inc.'s Brucejack Mine in Northern British Columbia was able to produce enough gold to turn a profit during the first quarter of 2021. As of Feb. 11, Pretium reported that it is managing 14 COVID-19 cases among employees and contractors at Brucejack, prompting BC Northern Health to declare an outbreak at the mine. As a result, Pretium quickly implemented enhanced COVID-19 protocols, including restrictions on...
The Red Chris Mine in Northern British Columbia now hosts 13 million ounces of gold and 3.7 million metric tons (8.16 billion pounds) of copper, according to a new resource calculated for Newcrest Mining Ltd. This marks the first resource calculation for Red Chris since Newcrest acquired a 70% ownership of the mine from Imperial Metals Corp. in August of 2019. Since gaining operational ownership, Newcrest has completed 109,177 meters of drilling in 92 holes at Red Chris....
The Tahltan Central Government, Skeena Resources Ltd., and British Columbia have come together to create a new conservancy to protect the environment and wildlife on Tahltan territory in northwestern B.C. To create this 3,500-hectare (8,650 acres) conservancy, Skeena is returning the mineral tenures for its Spectrum copper-gold project that lies alongside the 230,000-hectare (568,300 acres) Mount Edziza Provincial Park. "Through many open and respectful conversations with...
Since acquiring a 70% interest in Imperial Metals Corp.'s Red Chris Mine in 2019, Newcrest Mining Ltd. has envisioned establishing an underground block cave mine to unlock the full potential of this porphyry copper-gold asset at the northern end of British Columbia's Golden Triangle. The Australian miner took a major step toward this vision with the start of construction on the box cut for the underground decline at Red Chris. Roughly C$12 million has already been approved...
With the submission of amendments to existing permits for its Premier gold-silver mine, Ascot Resources Ltd. takes another major step toward its vison of bringing commercial mining back to Stewart, British Columbia. Home to a past producing mine that last operated in the 1990s, Premier has all the major infrastructure – mill, assay lab, crusher, tailing storage area, and underground workings – in place to resume operations. The property also has permits from previous min...
Fury Gold Mines Ltd., which was formed as the result of the October merger of Auryn Resources Inc. and Eastmain Resources Inc., plans to complete 25,000 meters of drilling at Homestake Ridge, a high-grade gold-silver project in British Columbia's Golden Triangle. Brought into Fury by Auryn, Homestake Ridge hosts an estimated 816,719 ounces of gold, 17.8 million oz of silver, 15.9 million pounds of copper, and 17.3 million lb of lead in three zones – Homestake Main, H...
Seabridge Gold Inc. has added 25.9 million ounces of gold to its 49.7 million oz of gold in measured and indicated resources at its already world-class KSM project in British Columbia's Golden Triangle. This 52% increase in gold resources is the result of an agreement to acquire the Snowfield property on the east border of the KSM property from Pretium Resources Inc. In a deal announced on Dec. 4, Seabridge will pay Pretium US$100 million for Snowfield, plus a contingent payme... Full story
Margaux Resources Ltd. plans to utilize GoldSpot Discoveries Corp.'s expertise in machine learning to leverage extensive geoscience data that has been collected through decades of exploration and production at Margaux' Cassiar gold project in northern British Columbia. Ultimately, the collaboration with GoldSpot announced by Margaux on May 4 is intended to identify and assess high-quality near-mine and regional gold exploration targets that minimize exploration risk. The...
In order to protect the health of its people and communities of northern British Columbia during the COVID-19 pandemic, Tahltan Central Government has been working closely with the other Tahltan Nation governments – Iskut Band and Tahltan Band – as well mining companies with operations in their territory. Tahltan Nation said it has been meeting extensively with Newcrest Mining Ltd., majority owner and operator of the Red Chris copper-gold mine in Tahltan Territory, to pri... Full story
Coeur Mining Inc. Feb. 19 reported expansion of silver reserves during 2019 but a slight drop in gold reserves. Zinc and lead reserves were relatively consistent as infill drilling replaced depletion at the company's Silvertip Mine in northern British Columbia. Going into 2019, Coeur's five mines – Silvertip, Kensington (Alaska), Palmarejo (Mexico), Rochester (Nevada) and Wharf (South Dakota) – had 309.5 million tons of proven and probable reserves averaging 0.008 ounces per...
GT Gold Corp. Sept. 4 reported the longest gold-copper drill intercept so far at Saddle North, tracing porphyry mineralization from near-surface to a depth of three-quarters of a mile (1.2 kilometers) at this discovery on its Tatogga property in British Columbia's Golden Triangle. GT Gold drilled its first holes into Saddle North during 2018, tapping long sections of robust porphyry copper mineralization. Highlights from this 10-hole discovery program include: • 822.2 m...
Increased ore grades and improved recoveries bolstered metals production at Coeur Mining Inc.'s two northern operations – the Silvertip silver-zinc-lead mine in northern British Columbia and the Kensington gold mine in Southeast Alaska. Since achieving commercial production at its newly acquired Silvertip Mine last September, Coeur has been focused on increasing throughput, recoveries and grade at this operation just south of the Yukon border. These endeavors have resulted i...
At a time when electric vehicles are driving the need for increased nickel, Garibaldi Resources Inc. is unveiling an extremely high-grade deposit of this battery metal at its Nickel Mountain project about 18 kilometers (11 miles) southwest of the historic Eskay Creek Mine in the heart of British Columbia's Golden Triangle. "Increasingly, Nickel Mountain represents an important new discovery within the Eskay Rift," said Peter Lightfoot, a technical advisor to Garibaldi and...
Since its formation in 1999, Seabridge Gold Inc. has amassed very large gold resources and reserves while keeping a watchful eye on the number of shares it has issued. In its 2018 annual report, this Toronto-based exploration company said this has positioned the company well in a world of dwindling gold reserves. "The simple truth is that the industry is not finding gold at the rate it needs to. We are," Seabridge Gold Chairman and CEO Rudi Fronk penned in the report. Over...
StrikePoint Gold Inc. March 20 announced it has entered into a definitive agreement to acquire Willoughby, a gold-silver project about 30 kilometers (19 miles) east of Stewart, from ArcWest Exploration Inc. An intrusion related gold-silver project with similarities to IDM Mining Ltd.'s Red Mountain Mine project about seven kilometers (four miles) to the west, Willoughby is the second Golden Triangle property StrikePoint added to its portfolio in as many years. The other,...
Newcrest Mining Ltd. has cut a deal to buy a majority position in Imperial Metals Corp.'s Red Chris copper-gold mine in northern British Columbia, which will be the Australian gold miner's first operation north of the equator. In a deal announced by the company on March 10, Australia's largest gold producer has agreed to pay Imperial Metals US$806.5 million in cash to acquire a 70 percent stake in Red Chris, not a bad sum considering the 13 billion pounds of copper and 20 mill...
IDM Mining Ltd. and Ascot Resources Ltd. are joining forces to create a premier mine development and exploration company with two high-grade gold-silver mine projects near Stewart, a mining town in northwestern British Columbia's Golden Triangle. "The combination of Ascot and IDM creates a very attractive opportunity in northwest British Columbia's Golden Triangle for our shareholders and stakeholders," said Ascot Resources President and CEO Derek White. "Based near the...
Coeur Mining Inc. rolls into 2019 with more silver reserves at higher grades, thanks to a maiden reserve calculation for its Silvertip Mine in the far north reaches of British Columbia. Coeur acquired Silvertip from JDS Silver Inc. in October of 2017 for US$250 million – US$200 million at the time of the purchase plus US$50 million to be paid when certain production and permitting milestones are met. For this price, the Chicago-based miner acquired a newly built mine with 2.35...
Exceptional widths of higher grade gold and copper mineralization tapped during this year's drilling continues to support the idea that the Iron Cap deposit deserves to be queued up earlier in the plan for a future mine at Seabridge Gold Inc.'s KSM project copper-gold in northwestern British Columbia. The four deposits that make up the KSM project – Kerr, Sulphurets, Mitchell and Iron Cap – encompass 2.2 billion metric tons of proven and probable reserves averaging 0.55 gra...
Through a combination of management cutting deals at the negotiating table and drills cutting gold-silver across an expanding property in British Columbia's Golden Triangle, Ascot Resources Ltd. has substantially increased the high-grade resource available to feed the mill at its Premier gold-silver mine project just outside of Stewart, B.C. "Management worked hard to develop a series of resources in 2018 and I am very pleased to announce a significant increase to our...
