The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 101 - 125 of 242
Gold Terra Resource Corp. Aug. 3 released the final assay results from the 15-hole winter drill program designed to test the Campbell Shear along strike south of the historic Con gold mine in Yellowknife, Northwest Territories. With the 200-meter-spaced holes drilled to depths of approximately 1,000 meters, the winter drilling at Campbell Shear, an area south from the Con Mine to the high-grade Yellorex Main zone, includes two holes at Y-88 Zone, six in the Campbell-Con Shear...
NorZinc Ltd. Aug. 10 announced the signing of an environmental agreement with the Naha Dehe Dene Band and Liidlii Kue First Nation Band for the development and operation of a mine at Prairie Creek and an all-season road to access this zinc-lead-silver project in Northwest Territories. "We are very pleased to have entered into this agreement with NDDB and LFKN, which reflects our commitment to respect and prioritize the environmental well-being of their traditional and sacred...
Nighthawk Gold Corp. July 19 reported the first batch of assays from its 2022 program at the Indin Lake gold project in Northwest Territories, which includes gold intercepts from resource expansion holes at the Colomac Main and Grizzly Bear deposits. In May, Nighthawk announced plans to complete up to 100,000 meters of drilling at Indin Lake over the next two years. According to a calculation completed in March, Indin Lake hosts 58.2 million metric tons of indicated resource...
Osisko Metals Inc. July 13 announced the results of an updated preliminary economic assessment for the company's Pine Point zinc project in Northwest Territories, Canada. The objective of this updated PEA was to integrate updated long-term prices for zinc and lead, increased mined resources, cost escalations in capital and operating expenses, as well as reduced life-of-mine water management costs that resulted from the recently completely hydrogeological model. The latter...
Gold Terra Resource Corp. June 27 announced that drilling has tapped deep gold mineralization along the Campbell shear about 1,000 meters south of the past-producing Con Mine in Yellowknife, Northwest Territories. Hole GTCM22-037, which was drilled near the Yellorex zone on the Con Mine property, cut 14.57 meters averaging 1.6 grams per metric ton gold from a depth of 1,256 meters. This hole was drilled to test the Campbell shear below historical hole Y-88, which cut 5.27...
NorZinc Ltd. June 13 announced that the Prairie Creek camp is open, and it has mobilized two drills for the start of a planned 5,300-meter drill program at the zinc mine project in Northwest Territories. According to a 2021 calculation, Prairie Creek hosts 9.8 million metric tons of measured and indicated resources averaging 9.7% zinc, 8.8% lead, and 139 grams per metric ton silver; and 6.4 million metric tons of total inferred resources averaging 12.9% zinc, 6.7% lead, and...
Gold Terra Resource Corp. June 7 reported additional high-grade intercepts from its 19-hole winter drill program in the Mispickel area of its Yellowknife City Gold Project in Northwest Territories. While Gold Terra's 2022 drill program is primarily focused on building gold resources along the Campbell Shear on the Con Mine property optioned from Newmont south of Yellowknife, the company opted to carry out 6,011 meters of drilling in the Mispickel area about 20 kilometers...
NorZinc Ltd. May 4 announced progress on the permitting and updated feasibility for an expanded operation at its Prairie Creek zinc project in Canada's Northwest Territories. According to a 2021 calculation, Prairie Creek hosts 9.8 million metric tons of measured and indicated resources averaging 9.7% zinc, 8.8% lead, and 139 grams per metric ton silver; and 6.4 million metric tons of total inferred resources averaging 12.9% zinc, 6.7% lead, and 150 g/t silver. In October,...
Fireweed Zinc Ltd. May 10 announced the staking of the Gayna River project in Northwest Territories, Canada, adding a prospective zinc-gallium-germanium-lead-silver project to its portfolio. "The acquisition of the Gayna River project by staking is a low-cost way for Fireweed to expand our portfolio of critical metals projects and add some exciting exploration potential," said Fireweed Zinc CEO Brandon Macdonald. "While our focus remains on our flagship Macmillan Pass...
Fortune Minerals Ltd. April 20 reported that its 2021 drilling cut strong cobalt-gold-bismuth mineralization in the Peanut Lake zone on its Nico project in Canada's Northwest Territories. Nico hosts 33.1 million metric tons of proven and probable reserves averaging 0.11% (82 million pounds) cobalt, 0.14% (110 million lb) bismuth, 0.04% (27 million lb) copper, and 1.03 grams per metric ton (1.1 million ounces) gold. Peanut Lake is a strong magnetic anomaly about 2,000 meters...
Gold Terra Resource Corp. April 6 reported that a hole drilled for metallurgical testing in support of a resource estimate cut 26.5 meters averaging 9.05 grams per metric ton gold in the Yellorex zone on the Con Mine property recently optioned from subsidiaries of Newmont Corp. "The latest drilling on the Yellorex zone was completed in preparation for our updated mineral resource estimate by year-end as the core from Hole 30 will be used for metallurgical testing," said Gold...
Gold Terra Resource Corp. March 22 reported that hole GTWL22-002 cut four meters averaging 19 grams per metric ton gold, including a one-meter subsection averaging 73.9 g/t gold in the Mispickel area of its Yellowknife City Gold Project in Northwest Territories. While Gold Terra's 2022 drill program is primarily focused on building gold resources along the Campbell Shear on the Con Mine property optioned from Newmont south of the city of Yellowknife, the company opted to...
Osisko Metals Inc. March 21 announced the latest results from the late 2021 definition drill program at its Pine Point project in Northwest Territories, Canada. After taking over Pine Point in 2018, Osisko completed a 2020 preliminary economic assessment that outlined a mine that could yield an average of 327 million pounds of zinc and 143 million lb of lead annually over an initial 10-year mine life. Presently, Osisko is nearing completion of an updated PEA that will include...
Gold Terra Resource Corp. March 15 announced that recent drilling tapped strong gold mineralization in a prospective area between the Yellorex zone and the historic Con gold mine near the Northwest Territories capital city of Yellowknife. During a program that wrapped up in December, Gold Terra completed 12,687 meters of drilling in 26 holes targeting a 3,000-meter section of the Campbell Shear extending south from the former Con Mine, which produced roughly 5.1 million...
Nighthawk Gold Corp. March 8 reported a massive expansion to the amount of gold in the surface mineable indicated and inferred resources at Indin Lake, demonstrating the potential for a future large-scale, higher-grade, open pit project at this district-scale property in Canada's Northwest Territories. According to the new calculation, Indin Lake hosts 46.4 million metric tons of open pit mineable indicated resource averaging 1.38 grams per metric ton (2.06 million oz) gold....
Nighthawk Gold Corp. Jan. 31 reported results from 31 holes drilled at the Colomac, Grizzly Bear, and 24 deposits during the second phase of a 72,325-meter 2021 drill program at Indin Lake, the largest drill program ever at this 930-square-kilometer (359 square miles) gold property in Northwest Territories. According to calculation completed last May, Indin Lake hosts 38.7 million metric tons of indicated resource averaging 1.81 grams per metric ton (2.25 million ounces) gold...
Mountain Province Diamonds Inc. Jan. 25 announced that it received US$25 million (C$31.5 million) from the sale of 181,851 carats of diamonds recovered from the Gahcho Kué Mine in Northwest Territories. The US$137 (C$173) per carat average value for the diamonds in the Jan. 21 sale in Antwerp, Belgium, is 84% higher than the average price of US$75 million (C$94) per carat that Mountain Province realized for the 3.3 million carats of diamonds the company sold during 2020....
Mountain Province Diamonds Inc. Dec. 31 provided details of a proposed US$50 million financing arrangement with Dermot Desmond, the Canadian diamond mining company's largest shareholder. Mountain Province owns a 49% interest in the Gahcho Kué diamond mine in Canada's Northwest Territories, and De Beers Canada Inc. owns the other 51%. Operating a mine like Gahcho Kué in Canada's North requires that all major supplies for the year are procured and delivered via an ice road d...
Mountain Province Diamonds Inc. Jan. 13 reported that the Gahcho Kué Mine in Canada's Northwest Territories produced 6.23 million carats of diamonds during 2021, just below the guidance of 6.3 million to 6.5 million carats set out for the operation at the beginning of the year. This near-guidance production is despite an unplanned 22-day shutdown of the mine in February due to COVID-19. Owned under a joint venture between Mountain Province (49%) and De Beers Canada Inc...
Osisko Metals Inc. Jan. 25 announced the newest results from the ongoing in-fill drill program at its Pine Point project in Northwest Territories, Canada. Located just south of the Great Slave Lake, Pine Point is home to a former mine operated by Cominco – now called Teck Resources – that produced roughly 14 billion pounds of zinc and 4 billion lb of lead from around 64 million metric tons of ore during a roughly 24-year span beginning in 1964. Osisko, which picked up the pro...
Osisko Metals Inc. Nov. 24 reported the latest results from the current in-fill drill program at its Pine Point project in Northwest Territories, Canada, including an intersect that cut six meters grading 20.06% zinc, and 0.72% lead. Located just south of the Great Slave Lake, Pine Point is home to a former mine operated by Cominco (now Teck Resources) that produced roughly 14 billion pounds of zinc and 4 billion lb of lead from around 64 million metric tons of ore during a...
The Government of the Northwest Territories Oct. 4 announced that it has partnered with the Canadian Northern Economic Development Agency (CanNor) to provide an additional C$500,000 in funding support for mineral exploration projects in the territory. "The NWT is a resource-rich territory and mining is the biggest source of private-sector jobs and income for our residents. To help industry bounce back from the setbacks of the COVID-19 pandemic and to restore levels of...
Nighthawk Gold Corp. Sept. 28 reported assay results from 17 drill holes that essentially double the strike length of gold mineralization at the 24/27 deposits about 4,000 meters east of the main Colomac deposit on the company's Indin Lake gold property in Canada's Northwest Territories. According to a calculation completed in February, five deposits at Indin Lake host 38.7 million metric tons of indicated resource averaging 1.81 grams per metric ton (2.25 million ounces)...
Fortune Minerals Ltd. Sept. 23 announced the start of a 3,000-meter resource expansion and exploration drill program at its Nico cobalt-copper-bismuth-gold project in Canada's Northwest Territories. Nico hosts 33.1 million metric tons of proven and probable reserves averaging 0.11% (82 million pounds) cobalt, 0.14% (110 million lb) bismuth, 0.04% (27 million lb) copper, and 1.03 grams per metric ton (1.1 million ounces) gold. This unique mix of critical, precious, and base met...
Nighthawk Gold Corp. Aug. 3 reported that one hole drilled into the high-grade core of the Cass target at Indin Lake cut 51 meters averaging 6.92 grams per metric ton gold, confirming that this area could add both tonnage and grade to the resources established on the Northwest Territories property. According to a calculation completed earlier this year, Indin Lake hosts 38.7 million metric tons of indicated resource averaging 1.81 g/t (2.25 million ounces) gold and 11.5...
