The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Miner fatality at Brucejack puts a hold on plans to ramp up Golden Triangle mining. Newcrest Mining Ltd.'s Red Chris and Brucejack mines in British Columbia's Golden Triangle produced 101,636 ounces of gold and 19.2 million pounds of copper during the third quarter of 2022. The precious and base metals output at the Australia-based company's two Northern BC operations, however, was overshadowed by an Oct. 22 fatality at Brucejack, the newest addition to Newcrest's portfolio....
A feasibility study for developing a mine at Skeena Resources Ltd.'s Eskay Creek has confirmed that developing an open pit mine at this historic gold-silver project in British Columbia's Golden Triangle remains profitable in today's inflationary environment, even if the price of gold dropped to US$1,400 per ounce and silver was selling for a mere US$14/oz. At US$1,700/oz gold and US$19/oz silver, the open pit mined detailed in the Eskay Creek feasibility study prepared for...
Following the 33 years of surface mining outlined in a recent prefeasibility study, the KSM project in British Columbia's Golden Triangle would still have enough resources to support an additional 39 years of underground mining, according to a new preliminary economic assessment prepared for Seabridge Gold Inc. In early July, Seabridge published the results of a prefeasibility study for an open-pit mining operation at KSM that would produce an average of more than 1 million...
Leveraging substantial advancements in the understanding of porphyry, skarn, and carbonate replacement type deposits over the past 40 years, Core Assets Corp. is making news discoveries at the long overlooked Blue property in British Columbia's Golden Triangle. Located in the gold-rich Atlin Mining District, Blue is a 111,649-hectare (275,890 acres) land package covering high-grade skarn and carbonate replacement and porphyry prospects enriched with silver, gold, copper,...
An updated prefeasibility study details plans for a financially robust mining operation at Seabridge Gold Inc.'s KSM project in British Columbia's Golden Triangle that will produce an average of more than 1 million ounces of gold, 3 million oz of silver, 178 million pounds of copper and 4.2 million lb of molybdenum annually for 33 years. Unlike a PFS completed in 2016, this new study does not include block cave mining of the deeper resource found at the world-class deposit....
Just as Ascot Resources Ltd. was entering the home stretch of reestablishing a mine at Premier, the company has been forced to curtail some of the summer construction work needed to put the historic Northern British Columbia gold-silver mine back into operation early in 2023. This slowdown at Premier, which will likely delay the first gold pour by a year, is due to a lack of adequate financing to complete the tailings dam, new water treatment plant, and other projects that nee...
Tahltan Central Government, Skeena Resources Ltd., and British Columbia have signed a landmark agreement that reshapes the mine permitting process in Tahltan Territory, the province, and potentially across all of Canada. Under this historic pact, Skeena's Eskay Creek gold-silver project will be the first proposed mine in BC to have permits authorized by an indigenous government, marking a significant step toward incorporating the principles of the United Nations Declaration...
Contributing 17,001 ounces of gold over the first 22 days after Newcrest Mining Ltd. acquired Brucejack Mine, this high-grade underground operation in British Columbia's prolific Golden Triangle is already bolstering the Australia-based company's bottom line. "In March 2022, we completed the Pretium acquisition, adding the world class Brucejack mine to our already exceptional asset portfolio, generating immediate gold production and cash flows this quarter," said Newcrest Mini... Full story
Tahltan Central Government says Newmont Corp.'s plans to turn over properties to the Tahltan Nation for land use planning does not address all the concerns its people have about the gold mining company's plans for development on a large gold-copper project near the community of Iskut, British Columbia. "The Tahltan Central Government is clear to outside governments, industry and the world that working alongside the Tahltan Nation as true partners is a must. No exceptions,"...
Brucejack Mine in British Columbia's Golden Triangle is expected to push Newcrest Mining Ltd.'s annual gold production north of 2 million ounces per year, and that does not include the likely production boosts that will be created by an optimization and expansion program being launched at the newest addition to the Australian miner's portfolio. On March 9, Newcrest's roughly US$2.8 billion acquisition of Pretium Resources Inc. was finalized, a milestone that is expected to...
A preliminary economic assessment prepared for Copper Fox Metals Inc. outlines a slightly new vision for developing a mine at Schaft Creek, a large copper-gold-silver-molybdenum project being advanced under a joint venture between Teck Resources Ltd. (75%) and Copper Fox (25%). Located within the traditional territory of the Tahltan First Nation in northwestern British Columbia, Schaft Creek hosts 1.35 billion metric tons of measured and indicated resources averaging 0.26%... Full story
In a move that will help ensure that the First Nations people and communities in British Columbia's Golden Triangle benefit from the rising mining activity in their incredibly mineral-rich traditional territory, Tahltan Nation Development Corp. has secured the rights to sell Sandvik mining equipment, parts, tools, and digital solutions in northwestern British Columbia and neighboring Yukon. "Sandvik's global reputation for safety, quality, performance, customer service...
British Columbia and the First Nation people in Canada's westernmost province are poised to benefit from the increased need for minerals to build a low-carbon future, according to a new economic impact study the Association for Mineral Exploration published in partnership with iTOTEM Analytics. "With demand for the minerals and metals we discover soaring to meet the needs of a low-carbon economy, we understand the acute importance of the critical role we play in achieving...
Despite project delays and cost overruns, Ascot Resources Ltd. is set to make the final push toward reestablishing a mine at its Premier gold project in British Columbia's famed Golden Triangle. Home to a past-producing mine that last operated in the 1990s, Premier has all the major infrastructure – mill, assay lab, crusher, tailings storage area, and underground workings – in place to resume operations. A feasibility study completed in 2020 envisions four mines – Silve...
Considered a major milestone along the path to new mining jobs and economic opportunities for the Nisga'a Nation and others that live in and around the town of Stewart, British Columbia, Ascot Resources Ltd. has been issued the permit needed to begin a new era of mining at its Premier gold project. "This project will be a welcome source of employment for hundreds of people who live in the Northwest," said BC Minister of Energy, Mines and Low Carbon Innovation Bruce Ralston....
In a deal that will consolidate two advanced mineral exploration properties in the Kitsault Valley area south of Stewart, British Columbia, Dolly Varden Silver Corp. has agreed to acquire Fury Gold Mines Ltd.'s Homestake Ridge gold-silver project for roughly C$50 million. "The decision to vend Homestake is a difficult one given the exploration upside and our positive outlook for the commodity markets," said Fury Gold Mines Chair Ivan Bebek. "However, we feel that bringing the...
Early results from the 2021 drill program at KSM project support Seabridge Gold Inc.'s concept of mining more gold-rich reserves from open pits at the Snowfield and Mitchell deposits prior to the start of underground block cave mining at this world-class gold-silver-copper project in British Columbia's Golden Triangle. Lying immediately east of Mitchell, one of four deposits on Seabridge's KSM property, Snowfield hosts 1.37 billion metric tons of measured and indicated...
There will be impressive financial returns for any mining company that develops a mine at the Kutcho copper-zinc project in Northern British Columbia, according to a feasibility study prepared for Kutcho Copper Corp. "The feasibility study represents a major milestone for Kutcho Copper as we continue to advance the high-grade Kutcho copper-zinc project towards a development decision," said Kutcho Copper President and CEO Vince Sorace. Located about 120 kilometers (75 miles)...
A block cave mine at the Red Chris project in British Columbia's Golden Triangle is forecast to produce 316,000 ounces of gold annually over the first six years at a cost of negative US$144/oz after accounting for the value of the 80,000 metric tons of copper also recovered each year, according to a prefeasibility study published by Newcrest Mining Ltd. on Oct. 11. The Australian miner says this engineering and economic study validates its belief that Red Chris is an ideal...
Ascot Resources Ltd. and Nisga'a Nation have signed a benefits agreement that renews and expands their relationship as Ascot closes in on the start of mine development at its Premier and Red Mountain gold-silver projects in the Nisga'a Nation traditional territory in Northern British Columbia. "I am very delighted to represent the Nisga'a Nation in our partnership with Ascot," said Nisga'a Lisims Government President Eva Clayton. "Since the beginning, our relationship has...
A prefeasibility study for developing a mine at Eskay Creek has confirmed what most have suspected – robust financial returns to the company that develops an open-pit mine at this historic gold-silver project in British Columbia's Golden Triangle. "Eskay Creek has a rare combination of attributes: scale, impressive grade and location in a tier one mining jurisdiction with strong First Nations support," said Walter Coles Jr., CEO of Skeena Resources Ltd., the company advancing...
In a deal that is expected to lower costs and improve safety for two companies with exciting projects at the heart of British Columbia's Golden Triangle, Seabridge Gold Inc. and Eskay Mining Corp. have agreed to share the C$12-million cost of building nine kilometers (5.6 miles) of road that will extend onto Eskay Mining's exploration property. Branching off the road that provides access to Skeena Resources Ltd.'s Eskay Creek gold-silver mine project, this will be the first...
Benchmark Metals Inc. plans to complete well above 100,000 meters of drilling at Lawyers, including more than 83,000 meters slated for upgrading and expanding the three gold-silver deposits defined so far on the road-accessible project in Northern British Columbia. According to a calculation published in May, the Cliff Creek, AGB, and Dukes Ridge deposits at Lawyers host 40.3 million metric tons of indicated resource averaging 1.19 grams per metric ton (1.55 million ounces)...
A fleet of battery-powered Sandvik Z50 electric haul trucks charged with hydroelectric power will be hauling high-grade gold ore at Pretium Resources Inc.'s Brucejack Mine in Northern British Columbia. "Replacing our diesel-fueled fleet with zero-emissions electric haul trucks delivers significant environmental benefits and extends the advantages from our use of low-carbon hydro-electric power at Brucejack," said Pretium Resources President and CEO Jacques Perron. This...
After setting a company record for exploration spending during 2020, Coeur Mining Inc. is on pace to set the bar even higher this year. "We are carrying out our most active exploration campaign in Coeur's history with up to 22 drill rigs deployed across six sites, with positive results rolling in on a regular basis," said Coeur Mining Vice President of Exploration Hans Rasmussen. Through the first four months of 2021, these rigs completed roughly 103,750 meters of drilling, a...
