The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 76 - 81 of 81
With the completion of a C$2.8 million financing, along with the closing of property acquisition agreements with Millrock Resources Inc. and Seven Devils Exploration Ltd., Sojourn Exploration Inc. has all the pieces in place to be a significant new prospect generator in British Columbia's Golden Triangle. The three-way deal brings together three highly prospective copper-gold properties generated by Millrock, another four properties and the exploration talent of privately...
When Skeena Resources Ltd. acquired Eskay Creek from Barrick Gold Corp. in 2017, the exploration company believed this historic mine property hosted significant quantities of gold and silver mineralization that fell below the cut-off grade for previous mining but may be considered economically viable ore today. A new resource calculated for Skeena backs up this theory. According to the calculation published on Sept. 17, Eskay Creek hosts 1.09 million metric tons of open-pit... Full story
StrikePoint Gold Inc. has expanded its drill program and land position at its recently acquired Porter Idaho property on Mount Rainey about 2.5 kilometers (1.5 miles) outside of Stewart, British Columbia. On Sept. 12, the Vancouver, B.C.-based exploration company announced the mobilization of a second drill rig to test the potential connection between the historic Silverado and Prosperity-Porter Idaho underground silver mines just above Stewart, British Columbia. Despite only...
Less than a year after its acquisition of Silvertip, Coeur Mining Inc. has reached commercial production at the high-grade silver-zinc-lead mine in northern British Columbia. During August, the mill at Silvertip processed an average of roughly 450 metric tons of ore per day, up from around 350 metric tons per day during July and approximately 250 mtpd during June. Processing rates regularly ranged between 500 and 650 mtpd during August and exceeded 800 mtpd late in the month....
Novagold Resources Inc. July 27 announced it has closed the deal to sell Newmont Mining Corp. its 50 percent interest in the Galore Creek copper-gold project in northwestern British Columbia for US$275 million. "I'm very pleased that Novagold is receiving fair value for its interest in Galore Creek and believe that Newmont is the right organization to carry forward the track record of excellence that we have achieved with our partners over the years," said Novagold President...
High-grade underground gold mines have a lot of moving parts and ramping a new one up to commercial production is a period often interrupted by downtime as the operator finds things not working quite as well as planned. This has not been the case at Pretium Resources Inc.'s bonanza grade Brucejack gold mine in northwestern British Columbia. Achieving commercial production on July 1, the Brucejack Mine produced of 152,484 ounces of gold during the first six months of...
