The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 276 - 300 of 487
Dolly Varden Silver Corp. June 11 announced that Eric Sprott and Hecla Mining Company participated in two private placement financings that raised C$7.68 million, which will primarily go towards further exploration and resource expansion at the company's Dolly Varden silver property in northwestern British Columbia. Situated 46 kilometers (29 miles) southeast of Stewart, the Dolly Varden property covers historic high-grade silver mines that date back to the early 20th century....
Dolly Varden Silver Corp. Aug. 4 announced that a 10,000-meter exploration and resource expansion drill program is now underway on its Dolly Varden silver property in northwestern British Columbia. The roughly 21,745-acre (8,800 hectares) Dolly Varden property covers four historic mines that produced more than 19 million ounces of silver over four decades beginning in 1919. Four deposits associated with these historic mines – Torbrit, Dolly Varden, Wolf and North Star – hos...
GT Gold Corp. July 6 released a maiden mineral resource estimate for the Saddle North porphyry copper-gold-silver deposit on the company's Tatogga property in British Columbia's Golden Triangle. Based on 41 holes of drilling completed since late in 2017, Saddle North hosts 298 million metric tons of indicated resource averaging 0.28% (1.81 billion pounds) copper, 0.36 grams per metric ton (3.47 million ounces) gold, and 0.8 g/t (7.58 million oz) silver; plus 543 million...
Skeena Resources Ltd. Aug. 25 reported the discovery of a new Even Lower Mudstone sequence of gold-silver mineralization below the 21A zone at its Eskay Creek mine project in British Columbia's Golden Triangle. The company has received assay results from the first three of nearly 50 holes drilled at Eskay Creek since the 2020 program resumed there in July. The six rigs turning at Eskay Creek are primarily focused on resource upgrade drilling ahead of a preliminary feasibility...
Ascot Resources Ltd. Aug. 19 reports that drilling has tapped spectacular high-grade gold adjacent to the proposed mining areas outlined in a feasibility study completed earlier this year that details plans for re-establishing a mine at its Premier gold-silver project near Stewart, British Columbia. The feasibility study envisions four mines in the Stewart area – Premier, Silver Coin, Big Missouri, and Red Mountain – providing ore to the existing 1990s era mill at Pre...
GT Gold Corp. Aug. 10 reported that drills are now turning on the company's Tatogga gold-copper-silver property in northwestern British Columbia, Canada. After postponing the start of its 2020 Tatogga exploration program due to COVID-19, on Aug. 6 the company began a 10,000-meter drill campaign that will initially target Quash Pass, a promising copper-gold-silver target about seven kilometers (4.3 miles) southwest of the Saddle North porphyry copper-gold deposit on the...
Skeena Resources Ltd. Aug. 4 announced the signing of a definitive agreement with Barrick Gold Inc., a subsidiary of Barrick Gold Corp., to acquire full ownership of the past producing Eskay Creek gold-silver mine project in the Golden Triangle region of northwest British Columbia, Canada. Barrick operated an underground mine at Eskay Creek from 1995 to 2008 that produced roughly 3.3 million ounces of gold and 160 million oz of silver from ore that averaged 45 grams per...
Benchmark Metals Inc. Aug. 6 reported that drilling has tapped a wide section of gold-silver mineralization that includes a parallel zone outside the known resource area of the Cliff Creek zone on the company's Lawyers project in northern British Columbia. Situated about 45 kilometers (28 miles) northwest of the world-class Kemess gold-copper porphyry deposit, Lawyers is home to a small underground mine that produced 171,200 ounces of gold and 3.6 million oz of silver over a...
Newcrest Mining Ltd. July 23 said COVID-19 has not affected the production of copper and gold at its Red Chris mine in northwestern British Columbia. During the second quarter 2020, Red Chris produced 8,401 metric tons (18.5 million pounds) of copper, which is an 18% increase over the 7,128 metric tons (15.7 million lb) produced during the first quarter; and 15,440 ounces of gold, which is a 27% rise over the 12,199 oz produced during the previous quarter. Newcrest attributes...
Skeena Resources Ltd. July 21 reported the first resource for its Snip underground gold mine project in British Columbia's Golden Triangle that complies with modern report standards. Based on data from 3,112 surface and underground drill holes, Snip hosts 539,000 metric tons of indicated resource averaging 14 grams per metric ton (244,000 ounces) gold; and 942,000 metric tons of inferred resources averaging 13.3 g/t (402,000 oz) gold. "We are very excited about the maiden...
Seabridge Gold Inc. July 16 announced the start of a roughly 8,000-meter drill program targeting a gold-copper porphyry mineral system below the Quartz Rise lithocap on the company's Iskut property in British Columbia's Golden Triangle. Located about 30 kilometers (19 miles) west of Seabridge's world-class KSM gold-copper project, Iskut is home to the historical high-grade Johnny Mountain gold-silver-copper mine. Three years of work at Quartz Rise, including two small drill...
StrikePoint Gold Inc. June 29 announced plans for an initial phase of 2020 exploration at its Willoughby and Porter properties near the town of Stewart in British Columbia's Golden Triangle. Willoughby is an intrusion related gold-silver project similar to Ascot Resources Ltd.'s Red Mountain Mine project about seven kilometers (four miles) to the west. Historical drilling on the property encountered high-grade gold and silver mineralization in two zones – North and Wilby. H...
Crystal Lake Mining Corp. June 22 reported the first high-grade gold mineralization, along with additional copper, gold, silver, zinc, and lead mineralization tapped while testing three target areas at Burgundy Ridge on the company's 551-square-kilometer (213 square miles) Newmont Lake property in British Columbia's Golden Triangle. Situated about 30 kilometers (19 miles) northwest of Skeena Resources' Eskay Creek project and about the same distance southeast of Teck...
Skeena Resources Ltd. June 16 announced the start of a preliminary feasibility study aimed at further de-risking Eskay Creek and developing a strategy to efficiently advance this rich gold and silver project in British Columbia's Golden Triangle toward production. Barrick Gold Corp. operated an underground mine at Eskay Creek from 1995 to 2008 that produced roughly 3.3 million ounces of gold and 160 million oz of silver from ore that averaged 45 grams per metric ton gold and...
Benchmark Metals Inc. June 17 said it has begun mobilizing drill rigs and crews for a planned 50,000-meter drill program at its Lawyers gold-silver project in northern British Columbia. This drilling will focus on establishing a multi-million-ounce gold-silver mineral resource at four targets – Cliff Creek, Dukes Ridge, Amethyst Gold Breccia (AGB) and Phoenix – that have been identified within a 3,000-meter radius in the central portion of the greater than 20-kilometer- (12...
Skeena Resources Ltd. June 4 announced it is implementing a vigorous infection prevention and control strategy ahead of resuming exploration and development activities at its Eskay Creek and Snip gold projects in British Columbia's Golden Triangle. Skeena launched a 28,000-meter drill program at Eskay Creek earlier this year but idled the drill after completing 4,237 meters due to COVID-19 restrictions. Planning to resume this program later this month, the company is... Full story
Seabridge Gold Inc. May 19 announced plans for a roughly 8,000-meter drill program to test for a gold-copper porphyry deposit at its Iskut project in British Columbia's Golden Triangle similar to those on the company's nearby KSM property. "We acquired Iskut because we saw clear evidence of a large porphyry system which looked to be similar in age and geology to our KSM project 30 kilometers to the east," said Seabridge Gold Chairman and CEO Rudi Fronk. Three years of work at...
Skeena Resources Ltd. May 5 reported the final assay results from the 4,327 meters of drilling completed so far this year at the Eskay Creek gold-silver project in the Golden Triangle region of Northwest British Columbia. In February, Skeena launched a 2020 phase I program that is expected to include 28,000 meters of drilling at Eskay Creek. The company completed the first 4,237 meters prior to COVID-19 restrictions. Initial results from this early program, which were released...
An updated preliminary economic assessment for Seabridge Gold Inc.'s KSM project provides a first look at the economic and environmental advantages of incorporating the recently expanded, higher grade Iron Cap gold-copper deposit into the mine plan. "The benefits of incorporating Iron Cap into mine plans at an early stage have exceeded the upper end of our expectations, not only for the improvements in projected economics but also for the reduction in environmental impact,"...
Skeena Resources Ltd. April 23 released the first batch of gold-silver drill results from its 2020 surface drill program at the Eskay Creek project in British Columbia's Golden Triangle. According to a calculation completed early in 2019, Eskay Creek hosts 12.71 million metric tons of surface mineable indicated resource averaging 4.5 g/t (1.82 million oz) gold and 117 g/t (47.79 million oz) silver; and 13.57 metric tons of surface mineable inferred resource averaging 2.2 g/t...
Skeena Resources Ltd. April 15 announced it has raised C$33.3 million to continue the advancement of its mineral exploration properties in British Columbia's Golden Triangle. This financing was completed in two tranches. The first tranche, which closed on March 31, involved the sale of 13 million B.C. "super-flow-through" shares at C$1.155 each for gross proceeds of C$15 million. Under a provision of Canada's Income Tax Act, flow-through financings allow Canadian companies to...
Auryn Resources Inc. April 15 published results from a preliminary economic assessment that outlines a 900-metric-ton-per-day mining operation at its Homestake Ridge project in northwestern British Columbia that would produce 590,000 gold-equivalent ounces over a 13-year mine life. The PEA demonstrates the project's potential to become a high-grade, small footprint, underground gold mine with positive economics and upside potential from both a rising gold price and prospective...
ZincX Resources Corp. April 6 announced its largest shareholder, Tongling Non-Ferrous Metals of China, has agreed to participate in the funding of a 2020 drill program at Akie, a project toward the southern end of ZincX' 140-kilometer- (87 miles) long Kechika Trough zinc-lead property in northern British Columbia. A 2018 preliminary economic assessment for the Cardiac Creek deposit on Akie envisions a 4,000-metric ton underground mine providing ore for a 3,...
GT Gold Corp. April 3 said the planned 2020 exploration program on its Tatogga gold-copper project in the Tahltan Territory of northwestern British Columbia would typically get started toward the end of May but could be delayed due to the COVID-19 outbreak. In response to the challenges posed by COVID-19, GT Gold has taken steps to support the health and safety of its employees and contractors. These measures include limited in-person meetings, postponed business travel and... Full story
Pretium Resources Inc. April 2 reported that the COVID-19 outbreak has not disrupted production at its Brucejack gold mine in the Tahltan Territory of northwestern British Columbia and the company is operating the remote underground mine under the strict guidance and directives of federal, provincial and regional health authorities. In order to minimize the number of individuals on site at Brucejack, only personnel necessary to support gold production will continue to work at... Full story
