The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Gains ownership of historic Keno Hill Silver Mine in Canada's Yukon With the Sept. 7 purchase of Alexco Resource Corp., Hecla Mining Company is poised to become Canada's largest silver producer by unlocking the enormous high-grade potential of its new Keno Hill Silver District project in the Yukon. The 242-square-kilometer (93 square miles) Keno Hill property covers one of the highest-grade silver districts in the world. Between 1913 and 1989, more than 200 million ounces of...
Already the largest silver producer in the United States, Hecla Mining Company is poised to become the largest silver producer in Canada with the purchase of Alexco Resource Corp., owner of the Keno Hill Silver District project, Yukon. Alexco's 242-square-kilometer (93 square miles) Keno Hill property covers one of the highest-grade silver districts in the world. Between 1913 and 1989, more than 200 million ounces of silver from ore averaging 44 oz per ton, making this Yukon...
Dozens of prospectors and junior mining companies are trekking into the bush in Yukon Territory this field season, seeking the next big pot of gold in a fabled land rich with possibilities. Leading the charge is White Gold Corp., which initiated 7,500 meters of drilling, including 5,000 meters of diamond drilling, 1,000 meters of reverse circulation drilling and 1,500 meters of rotary air blast drilling. The 2022 exploration program began with diamond drilling at the Ryan's...
Alexco Resource Corp. has decided to pause operation of its 400-metric-ton-per-day mill in order to catch up with underground mine development at its Keno Hill silver project in the Yukon. According to the most recent calculation, the Keno Hill Silver District hosts 1.44 million metric tons of probable reserves averaging 804 grams per metric ton (37.19 million ounces) silver, 3.84% (122 million pounds) zinc, and 2.64% (84 million lb) lead in four deposits – Bellekeno, Lucky Qu...
Recent analysis by University of British Columbia Professor Greg Dipple indicates that tailings from a mine at the Wellgreen nickel-copper-cobalt-platinum group metals deposit on Nickel Creek Platinum Corp.'s Nickel Shäw project in southeastern Yukon could absorb large quantities of carbon dioxide from the atmosphere. About 15 years ago, Dipple realized that ultramafic rocks such as those that host the nickel-rich mineralization at Wellgreen are among the largest carbon...
After its initial maiden resource estimate in 2020, Banyan Gold has been determined to expand the resource at its AurMac property in the Yukon to more than 3 million ounces of gold, after extensive exploration consisting of large systematic step-out drilling the company has blown well over that mark, achieving nearly 4 million ounces on this northern Canada mine. Located about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Gold Mine and adjacent to Alexco...
On the heels of a productive exploration season in 2021 at the MacMillan Pass Project in Yukon Territory, Fireweed Zinc Ltd. has attracted additional capital from lead shareholders, including Australia-based Ibaera Equity Group and Teck Resources Ltd. The new infusion of capital – C$9.7 million in March and C$5.2 million in December – acknowledges the giant-sized zinc-lead-silver potential of the 940-square-kilometer package of mining claims now emerging in a fertile cor...
The Yukon government and First Nations have given Newmont Corp. the green light to move ahead with development of a mine at its Coffee Gold project. Located in the heart of Yukon's White Gold District, about 80 miles (130 kilometers) south of Dawson City, Coffee is one of the earliest gold discoveries made by renowned prospector Shawn Ryan. Kaminak Gold Corp. advanced Ryan's grassroots discovery to a 2-million-ounce gold deposit that attracted the attention of Goldcorp, which...
VANCOUVER – Pacific Ridge Exploration Ltd. Dec. 29 said it has amended the terms of an agreement that gives BMC Minerals Ltd. an option to purchase Pacific Ridge's Fyre Lake property in Yukon Territory. BMC is a private United Kingdom-based resource company that is developing the Kudz Ze Kayah volcanogenic massive sulfide project in southeast Yukon. The project is designed to operate for at least nine years, producing high-grade zinc, copper, and lead concentrates with signifi...
Victoria Gold Corp. sees outsized benefits from a relatively small investment into Project 250, a strategy to increase production at its Eagle Gold Mine in the Yukon to 250,000 ounces during 2023. "Project 250 represents a significant near-term, low-cost opportunity to increase annual gold production at Eagle," said Victoria Gold President and CEO John McConnell. A scoping study completed by Victoria details plans to incorporate an intermediate scalping screen that will...
Drill results from mineral exploration programs in Canada's Yukon Territory this year are beginning to roll in as numerous companies wind down 2021 field operations in what some describe as one of the busiest mining seasons in years. Coming on the heels of an eight-year capital market down-cycle, plus a 2020 season burdened with operating restrictions due to the COVID-19 pandemic, the current season is bringing more upbeat challenges to Canada's Far North typically associated...
Victoria Gold Corp.'s Eagle Gold Mine produced 20,744 ounces of gold in August, a month record for Yukon's largest mine. The recently established open pit mine and heap leach recovery operation at Eagle produced 58,899 oz of gold over the first six months of 2021. While this is a 51% increase over the same period in 2020, it was well below the pace needed to achieve the roughly 200,000 oz/year production envisioned. Gold recoveries at heap leach systems in northern climates,... Full story
With overwhelming shareholder approval, Golden Predator Mining Corp. and Arizona Gold Corp. have merged to form Sabre Gold Mines Corp., a North American junior mining company with two projects in the development pipeline that have a combined 1.1 million ounces of gold in the measured and indicated resource categories, 1.5 million oz in the inferred category, and exploration upside. Golden Predator's primary contribution to Sabre is Brewery Creek, a former Yukon gold mine that...
Since the start of commissioning in December, Alexco Resource Corp. has been steadily ramping up toward commercial production at its Keno Hill silver mining operation in Canada's Yukon. During the second quarter, the mill at Keno Hill produced 227,683 ounces of silver, 1.8 million pounds of lead, and 647,780 lb of zinc from 10,896 metric tons of ore averaging 703 grams per metric ton silver, 9.3% lead, and 3.1% zinc. This is compared to 100,984 oz of silver, 854,346 lb of...
From its first-ever diamond drill program on the Betty property in the vicinity of Western Copper and Gold Corp.'s Casino copper-gold project in the Dawson Range to testing a potential hardrock source of the rich placer streams in the Sixtymile district near the Alaska border, White Gold Corp. is in the midst of an expansive exploration program across its more than 1 million acres of prospective land in Yukon's prolific White Gold District. "We are anticipating an exciting...
Less than two months after ending its plans to merge with Viva Gold Corp., Golden Predator Mining Corp. has cut a deal to join forces with another junior advancing a gold mine in America's Southwest. In a deal announced on June 28, Golden Predator plans to merge with Arizona Gold Corp. to create Sabre Gold Corp., an emerging North American gold producer with the fully permitted Copperstone gold mine in Arizona and the past-producing Brewery Creek gold mine in Canada's Yukon....
The greatly expanded deposit at Western Copper and Gold Corp.'s Casino project in the Yukon would support an economically robust mine capable of producing an average of 178 million pounds of copper, 231,000 ounces of gold, 1.36 million oz of silver, and 16.6 million lb of molybdenum per year over an initial 25-year mine life. This is according to a preliminary economic assessment released on June 22 that outlines a 120,000-metric-ton-per-day milling and 25,...
White Gold Corp., one of the most active mineral exploration companies in Canada's North in recent years, is taking a closer look at Nolan, a property found in Yukon's fabled Sixtymile area near the Alaska border. Here, eager prospectors have pulled gold from the region's creeks and streams since the precious metal was first discovered in the region in 1884. White Gold is betting throngs of prospectors who scoured the area during the past 136 years left a lot of gold behind. T...
Rio Tinto Canada Inc. is investing C$25.6 million (US$21.2 million) to acquire a roughly 8% stake in Western Copper and Gold Corp. and a foothold in the exploration company's Casino copper project in Canada's Yukon. "The investment by Rio Tinto, a leading global mining group which operates in 35 countries around the world, and whose purpose is to produce the materials essential to human progress is a strong endorsement of the Casino project," said Western Copper and Gold...
Coeur Mining Inc. is investing roughly US$117.2 million (C$141.7 million) to acquire a 17.8% interest in Victoria Gold Corp. and its Eagle Gold Mine in Canada's Yukon – a foothold that could see the Chicago-based miner gaining a much larger position in a northern gold mine it has been keeping an eye on. "We have long admired the quality of Victoria's Eagle asset and its recent success in ramping up operations," said Coeur Mining President and CEO Mitchell Krebs. Victoria t...
Granite Creek Copper Ltd. is leveraging the power of artificial intelligence to help discover more copper, gold, and silver across its Carmacks and Carmacks North project in the Yukon. After acquiring Copper North Mining Corp. late last year, Granite Creek expanded its land position within Yukon's Minto Copper Belt to 176 square kilometers (68 square miles). This merged land package includes the Carmacks deposit, which hosts 23.76 million metric tons of resources averaging...
Golden Predator Mining Corp. and Viva Gold Corp. have agreed to a merger that will bring two advanced stage gold mine projects – Brewery Creek in the Yukon and Tonopah in Nevada – under one roof. "This transaction brings together all of the key ingredients required to build a premier junior gold producer – two advanced stage gold development projects ready for permitting and development, exploration upside, excellent mining jurisdictions, strong management skillsets, a solid...
ATAC Resources Ltd. is focusing its 2021 mineral exploration program on the East Goldfield project in Nevada, a departure from more than a decade of primarily exploring its district-scale Rackla Gold property in the Yukon. Late last year, the Yukon government rejected ATAC's application to build a 65-kilometer (40 miles), private tote road that would have supported advanced exploration and potential mine development at Rau, the westernmost of three projects that make up the ex...
One of few mineral explorers active in Yukon Territory during the mining industry's 2020 beleaguered field season recently reported encouraging results that give credence to the idea that a new gold camp may be on the verge of emerging in Canada's North. Stratabound Minerals Corp. completed a late-season exploration program last year on its 84-square-kilometer (32.4 square miles) Golden Culvert property, along a 24 kilometer- (15 miles) long mineralized trend in Southeastern...
Though Whitehorse Gold Corp. was not officially formed until Nov. 18 and only began trading on the TSX Venture exchange on Nov. 25, the newly emerged exploration company is already reporting impressive gold-silver intercepts from drilling at Skukum, an advanced exploration project in southern Yukon previously known as Tagish Lake. New Pacific Metals Corp., which gained full ownership of Skukum through the 2011 acquisition of Tagish Lake Gold Corp., created Whitehorse Gold as...
