The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 301 - 325 of 487
Ascot Resources Ltd. March 16 provided a roundup of the progress it made toward advancing its Premier gold-silver mine project in northwestern British Columbia towards development during 2019 and says it is well funded to continue this work during 2020. Ascot kicked off 2019 with the Jan. 7 acquisition of IDM Mining Ltd., which expanded Ascot's already robust portfolio of high-grade gold-silver mine projects near the mining town of Stewart, B.C. "Ascot had another busy year...
Pretium Resources Inc. March 10 said its Brucejack mine is now expected to average around 357,000 ounces of gold annually over the first 10 years in a new plan for this high-grade gold operation in northwestern British Columbia. This new mine plan is based on 15.7 million metric tons of proven and probable reserves averaging 8.4 grams per metric ton (4.2 million oz) gold and 59.6 g/t (30.1 million oz) silver. The bulk of this ore – 12.8 million metric tons averaging 8.8 g/t (3...
Newcrest Mining Ltd. March 11 announced that drilling at the Red Chris mine in northwestern British Columbia has encountered a pod of high-grade mineralization, including one hole that cut 276 meters averaging 1.7% and 3.3 grams per metric ton gold. This intercept cut across a high-grade zone Imperial Metals Corp., Newcrest's joint venture partner at Red Chris, tapped in the mine's East Zone during 2009. This hole, RC09-350, cut 432.5 meters of 2% copper and 3.8 g/t gold....
Skeena Resources Ltd. Feb. 26 reported some exceptional silver grades in its final batch of assay results from its 2019 drill program at the Eskay Creek gold-silver project in British Columbia's Golden Triangle. Over a 14-year span ending in 2008, an underground mine operated by Barrick Gold Corp. produced roughly 3.3 million ounces of gold and 160 million oz of silver averaging 45 grams per metric ton gold and 2,224 g/t silver, which at the time made Eskay Creek the world's h...
Skeena Resources Ltd. Feb. 11 announced strong gold and silver grades tapped during infill drilling in the 21A and 21E zones toward the southern end of the open pit resource at the Eskay Creek mine project in British Columbia's Golden Triangle. Over a 14-year span ending in 2008, an underground mine operated by Barrick Gold Corp. produced roughly 3.3 million ounces of gold and 160 million oz of silver averaging 45 grams per metric ton gold and 2,224 g/t silver, which at the...
Pretium Resources Inc. Jan. 12 announced that the Brucejack Mine in northwestern British Columbia produced 354,405 ounces of gold last year at an all-in sustaining cost (AISC) of US$888/oz of gold sold. As a result of these better than expected results, the mine generated US$184.2 million and Pretium was able to lower its debt by US$180.4 million over the course of 2019. "In 2019, we beat the upper end of our revised gold production guidance and the lower end of our AISC...
Skeena Resources Ltd. Jan. 4 announced that it is selling two British Columbia exploration properties for C$8 million for exploration, which will provide funds for ongoing exploration at its Eskay Creek gold-silver project. Most of these funds will come from the sale of the GJ copper-gold-silver property in northern British Columbia to Newcrest Mining Lt. for C$7.5 million cash. In 2015, Skeena cut a deal to buy full ownership of the GJ from Teck Resources Ltd. and NGEx...
Garibaldi Resources Corp. Jan. 22 reported wide near-surface intervals of nickel- and copper-rich mineralization from nine holes drilled last year at Nickel Mountain, a magmatic sulfide system about 11 miles (18 kilometers) southwest of the past producing Eskay Creek Mine in British Columbia's Golden Triangle. Garibaldi first tapped the nickel- and copper-rich E&L intrusion at Nickel Mountain in 2017. This hole, EL-17-14, cut 16.75 meters averaging 8.3 percent nickel, 4.2...
Ascot Resources Ltd. Jan. 15 announced a 60 percent increase in the amount of gold in the indicated resource at its Premier gold-silver mine project near the mining town of Stewart, British Columbia. According to the new calculation, the four deposits at Premier – Silver Coin, Premier, Big Missouri and Martha Ellen – now hosts 4.14 million metric tons of inferred resource averaging 8.01 grams per metric ton (1.07 million ounces) gold and 35.1 g/t (4.67 million oz) silver. Thi...
Skeena Resources Ltd. Jan. 14 reports continued strong gold-silver intercepts during infill drilling at the Eskay Creek project in British Columbia's Golden Triangle. 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 2,224 g/t silver. Skeena, which acquired the property from Barrick, has identified lower grade but...
Ascot Resources Ltd. Jan. 6 reported the final batch of results from the 11,000 meters of drilling completed in the Silver Coin deposit at the company's Premier gold project near Stewart in northwestern British Columbia. Acquired by Ascot late in 2018, the Silver Coin deposit is situated about 5,000 meters north of the Premier mill and 800 meters south of the Big Missouri deposit. The Premier property, which still hosts the mill and other infrastructure from past mining, is th...
Seabridge Gold Corp. Dec. 17 said deep penetrating geophysics has identified four additional porphyry targets at its already world-class gold-copper project in British Columbia's Golden Triangle. The four deposits already identified at KSM – Kerr, Sulphurets, Mitchell and Iron Cap – host 2.98 billion metric tons of measured and indicated resources averaging 0.52 grams per metric ton (49.7 million ounces) gold, 0.21 percent (13.9 billion pounds) copper, 2.8 g/t (265 mil...
Skeena Resources Ltd. Dec. 18 reported that its 2019 drilling discovered a new occurrence of very high-grade gold at its Snip project in British Columbia's Golden Triangle. Located about 200 kilometers (125 miles) northwest of Stewart, B.C., Snip hosts a historic underground gold mine that produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per metric ton gold over a nine-year span that began in 1991. Barrick Gold Corp., the owner of...
Dolly Varden Silver Corp. said the work it carried out in 2019 has positioned its namesake high-grade silver project in British Columbia for additional growth in 2020. Located at the southern tip of B.C.'s Golden Triangle, the Dolly Varden property covers historic high-grade silver mines that date back to the early 20th century. Much of the company's exploration work has focused on exploring in and around four of these producing mines – Torbrit, Dolly Varden, Wolf and North S...
StrikePoint Gold Inc. Dec. 3 announced that drilling continues to cut high-grade gold at its Willoughby project in British Columbia's prolific Golden Triangle. StrikePoint acquired Willoughby from ArcWest (formerly Sojourn Exploration Inc.) in March for C$85,000 in cash and 3 million StrikePoint shares. An intrusion related gold-silver project with similarities to Ascot Resources Ltd.'s Red Mountain Mine project about seven kilometers (four miles) to the west, Willoughby is...
GT Gold Corp. Dec. 2 reported long sections of porphyry copper gold mineralization in three more of the holes drilled this year into the Saddle North discovery on its Tatogga property in northwestern British Columbia. Since first tapping Saddle North during 2018, GT Gold has outlined a porphyry body that measures roughly 1,500 meters down-plunge, 700 meters along strike and is 200 to 560 meters thick. Within this broader zone of mineralization is a core of higher-grade...
Ascot Resources Ltd. Dec. 2 said the high-grade gold mineralization in the third round of results from this year's drilling at Silver Coin continues to show the potential for this property to be a significant contributor to the company's plans to resume operations at the Premier Mine near Stewart, British Columbia. Acquired by Ascot toward the end of 2018, Silver Coin is part of a more than 250-square-kilometer (97 square miles) of gold-silver properties the company has...
Ascot Resources Ltd. Nov. 18 reported high-grade gold intercepts from 19 holes drilled in the Prew zone at its Premier gold mine project near Stewart, British Columbia. Prew, which is within the Northern Lights area of the Premier deposit, was discovered by Ascot in 2017. Highlights from the discovery drilling at Prew include: • 12.5 meters of 8.04 grams per metric ton gold in P17-1452; • 4.22 meters of 15.9 g/t gold in P17-1493; • six meters of 10.57 g/t gold in hole P17-1...
Dolly Varden Silver Corp. Nov. 19 reported that reconnaissance drilling on its namesake property in northern British Columbia has discovered silver mineralization in five of the targets tested this year. The Dolly Varden hosts four deposits – Torbrit, Dolly Varden, Wolf and North Star – containing 3.42 million metric tons of indicated resource averaging 299.8 grams per metric ton (32.93 million oz) silver; plus 1.29 million metric tons of inferred resource averaging 277 g/t...
Open-pit mining the gold- and silver-rich mineralization remaining at the historic Eskay Creek property in northern British Columbia would result in rich financial returns, according to a preliminary economic assessment recently completed for Skeena Resources Ltd. 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...
Ascot Resources Ltd. Oct. 31 announced another expansion of the resource at its Red Mountain gold project near the mining town of Stewart, British Columbia. Ascot gained ownership of the Red Mountain project earlier this year through the acquisition of IDM Mining Ltd., the company that advanced the underground gold-silver project to the mine development stage. A 2017 feasibility study for Red Mountain details plans for a 1,045-metric-ton-per-day mill that is expected to...
Skeena Resources Ltd. Oct. 22 said drills have tapped high-grade gold in newly identified mineralized horizon below the current resource at the Eskay Creek project in British Columbia's Golden Triangle. Skeena, which acquired Eskay Creek from Barrick Gold Corp. in 2017, is focused on expanding and upgrading near surface, high-grade gold resources that could be developed into an open pit mine. According to a resource calculated early in 2019, Eskay Creek hosts 12.71 million...
Seabridge Gold Inc. Oct. 21 reported that geophysical surveys, geochemical sampling and detailed mapping completed this summer has refined porphyry copper-gold drill targets at its Iskut project in northwestern British Columbia. "We believe we have identified a new, high value target that can be explored cost-effectively," said Seabridge Gold Chairman and CEO Rudi Fronk. The summer exploration program has identified a large intrusive system at relatively shallow depth that is...
GT Gold Corp. Oct. 16 reported that results from the latest five holes drilled at its Tatogga property in northwestern British Columbia has extended the Saddle North porphyry copper-gold system to a depth of 1,550 meters, or nearly a mile below the surface. Since first tapping Saddle North during 2018, GT Gold has outlined a porphyry body that measures roughly 1,500 meters down-plunge, 700 meters along strike and is 200 to 560 meters thick. Within this broader zone of...
Crystal Lake Mining Corp. reported that drills have tapped a new porphyry copper-gold zone at Newmont Lake; and surface sampling has discovered an entirely new hydrothermal system containing high-grade gold , silver, copper, nickel, cobalt, zinc and lead mineralization along a separate corridor on the northern British Columbia property. The porphyry copper-gold mineralization, announced on Oct. 9, was encountered by drilling at 72' Zone, which is about 2,300 meters northeast...
