The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 151 - 175 of 242
Mountain Province Diamonds Inc. Sept. 21 reported that it received US$89 million from the sale of 210,661 carats of diamonds from the Gahcho Kué Mine in Northwest Territories. This Sept. 19 sale in Antwerp, Belgium represents the company's first traditional commercial sale since before the onset of the COVID-19 pandemic. Mountain Province owns a 49% joint venture interest in the Gahcho Kué diamond mine in Canada's Northwest Territories – De Beers Canada Inc. owns the rem...
Fortune Minerals Ltd. Sept. 3 announced the start of a geophysical program to further delineate expansion drill targets east of the company's Nico gold-cobalt-bismuth-copper deposit in Canada's Northwest Territories. Nico currently 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. Fortune has evidence...
Gold Terra Resource Corp. Aug. 17 announced the start of a 10,000-meter drill program testing high-grade gold targets on its Yellowknife City Gold project in Northwest Territories. This drilling will start with roughly 3,700 meters of drilling in seven holes targeting depth extension of Crestaurum, a deposit that hosts 127,000 metric tons of open-pittable inferred resource averaging 9.41 g/t (59,000 oz) gold; and 723,000 metric tons of underground inferred resource averaging...
Fortune Minerals Ltd. Aug. 10 announced it is gearing up for an exploration program focused on gold targets on its Nico cobalt-gold-bismuth-copper project in Northwest Territories. A 2014 feasibility study for Nico detailed plans for a 4,650-metric-ton-per-day operation that would produce an average of 1,615 metric tons of battery-grade cobalt; 41,300 ounces of gold; 1,750 metric tons of bismuth; and 265 metric tons of copper annually over a 20-year mine life. This feasibility...
Nighthawk Gold Corp. June 24 said it is gearing up to resume an exploration program on its Indin Lake gold property in Canada's Northwest Territories that was put on hiatus in late March due to the COVID-19 pandemic. To determine a course of action for safely resuming exploration, Nighthawk has been in discussions with the territorial government and health officials. Based on recently updated public health orders pertaining to transient workers in the mineral exploration...
Resumption of construction of the Tlicho all-season road is good news for Colomac and Nico, two mineral exploration projects in Canada's Northwest Territories. The Tlicho Road is being constructed along an existing winter route that connects the community of Whati to Highway 3, which is roughly 97 kilometers (60 miles) to the south. Construction of the road got under way last September, but activities were halted due to COVID-19 but ramped back up in mid-May. Nighthawk Gold...
Mountain Province Diamonds Inc. June 8 announced it has found a buyer of US$50 million of diamonds in a market otherwise closed to the sale of the gems due to COVID-19. Mountain Province owns a 49% joint venture interest in the Gahcho Kué diamond mine in Canada's Northwest Territories – De Beers Canada Inc. owns the remaining 51%. As its sole producing asset, Mountain Province relies on the sale of its share of Gahcho Kué diamonds to fund its portion of the operation, as wel...
Gold Terra Resource Corp. May 19 reported that the final holes from its 2020 winter drill program at the Yellowknife City Gold project in Canada's Northwest Territories cut wide zones of gold mineralization in the Sam Otto Main deposit but did not find a link between Sam Otto Main and Sam Otto South. Three deposits located within a 3,000-meter radius at Yellowknife– Crestaurum, Mispickel and Sam Otto – host 11.62 million metric tons of open-pittable inferred resource ave...
Fortune Minerals Ltd. May 7 announced that it continues to make progress on a new mine plan for its Nico cobalt-gold-bismuth-copper project in Northwest Territories during the coronavirus pandemic. The company said it is complying with government COVID-19 protocols, including temporary closure of its head office in Ontario, prohibiting non-essential travel and social distancing. Working from home, Fortune employees, with some assistance from engineering consultants, continue...
Gold Terra Resource Corp. (formerly TerraX Minerals Inc.) April 22 reported that its winter drill program continues to confirm and expand the gold mineralization at the Sam Otto South target on its Yellowknife City Gold project in Northwest Territories. The Yellowknife project encompasses 783 square kilometers (302 square miles) of gold prospective land immediately north, south, and east of Yellowknife. Three deposits at this district-sale property – Crestaurum, Mispickel and...
North Arrow Minerals Inc. Feb. 27 said a geophysical survey program is underway at LDG (Lac de Gras), a 147,200-hectare (363,700 acres) diamond property in Northwest Territories being explored under a joint venture with Dominion Diamond Mines. These ground geophysical surveys are part of a C$3.5 million 2020 exploration program being funded by Dominion. Designed to continue with systematic exploration of this JV project adjacent to the southwest side of the Diavik diamond...
Nighthawk Gold Corp. Feb. 19 reported strong gold results from drilling at Goldcrest, a parallel sill located 400 meters east of the Colomac Main on the company's Indin Lake gold property in Canada's Northwest Territories. "Goldcrest is very similar to Colomac Main except it has been drilled significantly less and has a shorter strike length of 2.5 kilometers (1.6 miles) compared to the nine-kilometer (5.6 miles) strike length of Colomac Main," said Nighthawk Gold President...
Avalon Advanced Materials Inc. Feb. 6 reported that headway is being made at its Will Scarlett rare earth elements recovery project in Illinois and Nechalacho REE Mine project in Northwest Territories. Avalon said the December agreement by Canada and the United States to co-operate on critical minerals supply chain development, particularly rare earths, has resulted in new government initiatives in both countries to support the creation of these supply chains. The critical...
Nighthawk Gold Corp. Feb. 4 reported that drilling continues to encounter strong gold mineralization at Treasure Island, one of the key satellite deposits on the company's Indin Lake gold property in Northwest Territories. Located 11 kilometers (seven miles) north of Nighthawk's Colomac gold project, Treasure Island lies along the eastern end of a seven-kilometer- (four miles) long underexplored corridor that hosts several high-priority gold showings, including JPK and Laurie...
Det'on Cho Nahanni Construction Corp., owned by the Yellowknives Dene First Nation, has signed a landmark agreement to run the mining operations at Nechalacho, a Northwest Territories' rare earth elements project that is on pace to be the first REE mine in Canada. Read the full story in Metal Tech News at: https://www.metaltechnews.com/story/2020/01/29/tech-metals/nwt-first-nation-to-mine-first-canada-ree/140.html...
TerraX Minerals Inc. Jan. 20 announced the start of a 10,000-meter drill program at its Yellowknife gold project in Northwest Territories. The Yellowknife project encompasses 783 square kilometers (302 square miles) of gold prospective land immediately north, south and east of Yellowknife, the Northwest Territories capital. Three deposits at YCGP – Crestaurum, Mispickel and Sam Otto – host 11.62 million metric tons of open-pittable inferred resource averaging 1.4 grams per...
North Arrow Minerals Inc. Jan. 15 reported microdiamond results from the 2019 drilling of the Anchor kimberlite at LDG (Lac de Gras), a 147,200-hectare (363,700 acres) diamond property in Northwest Territories being explored under a joint venture with Dominion Diamond Mines. The C$2.8 million exploration program carried out at LDG in 2019 focused on kimberlite discovery on this prospective property adjacent to the southwest side of the Diavik diamond mine property. This...
Nighthawk Gold Corp. Jan. 7 reported that new drill results indicate that the widening of the gold mineralization encountered earlier this year could extend for a least 3,500 meters, which could add significant ounces to this already robust gold project on the company's Indin Lake gold property in Canada's Northwest Territories. The 899-square-kilometer (222,203 acres) Indin Lake property hosts seven major project areas – Colomac, Leta Arm, Damoti Lake, Treasure Island, J...
TerraX Minerals Inc. Dec. 27 announced it has raised C$5 million for the continued exploration at its Yellowknife City Gold Project (YCGP) in Northwest Territories. YCGP encompasses 783 square kilometers (302 square miles) of gold prospective land immediately north, south and east of Yellowknife, the Northwest Territories capital. In November, TerraX announced a maiden resource estimate for YCGP that comprises 735,000 ounces of gold. Three deposits at YCGP – Crestaurum, M...
Nighthawk Gold Corp. Dec. 3 said recent drilling shows that Zone 2.0 at Colomac is getting thicker with depth, which indicates significant resource expansion potential for this central project on the company's 899-square-kilometer (222,203 acres) Indin Lake gold property in Northwest Territories. Indin Lake hosts seven major project areas – Colomac, Leta Arm, Damoti Lake, Treasure Island, JPK, Fishhook and Echo-Indin – each with multiple gold exploration targets. Colomac, how...
Fortune Minerals Ltd. Nov. 21 announced it has signed an agreement with the Tlicho First Nation for building a road that connects the NICO cobalt-gold-bismuth-copper project to the community of Whati, a Northwest Territories community about 51 kilometers (32 miles) south of Fortune's proposed Nico cobalt-gold-bismuth-copper mine. The 97-kilometer (60 miles) Tlicho Road, which will connect Whati to Highway 3 and Canada's contiguous road and rail infrastructure is being funded...
Osisko Metals Inc. Nov. 13 reported that its Pine Point project in Northwest Territories now hosts 5.3 billion pounds of zinc and 2.1 billion lb of lead, a roughly 36 percent increase since a resource was calculated at the end of 2018. According to this new calculation, Pine Point hosts 52.4 million metric tons of inferred resource grading 4.64 percent zinc and 1.83 percent lead, which equates to 6.47 percent zinc-equivalent. This includes 47.9 million metric tons of surface...
NorZinc Ltd. Nov. 14 announced that two of the permits needed to begin construction on the all-season road to its Prairie Creek zinc-lead-silver mine project in Northwest Territories has been issued. The Prairie Creek Mine is surrounded by Canada's Nahanni National Park Reserve, which encompassed the property when the park was expanded in 2009. At the time of the park expansion, however, the federal government provided NorZinc (then Canadian Zinc Corp.) with assurance that it...
TerraX Minerals Inc. Nov. 4 announced an inaugural mineral resource estimate for its Yellowknife City Gold Project about seven kilometers (four miles) north of the past producing Giant gold mine on the outskirts of Yellowknife, Northwest Territories. Three deposits at YCGP – Crestaurum, Mispickel and Sam Otto – host 11.62 million metric tons of open-pittable inferred resource averaging 1.4 grams per metric ton (523,000 ounces) gold. Additionally, four deposits – Crest...
Avalon Advanced Materials Inc. Oct. 30 announced that Australia-based Cheetah Resources Pty Ltd., a private company recently acquired by Vital Metals Ltd., has made the final cash payment to acquire the near-surface resources at the Nechalacho rare earth elements project at Thor Lake, roughly 100 kilometers (60 miles) southeast of Yellowknife, Northwest Territories. According to a resource calculated in 2012, the Upper zone at Nechalacho hosts 47.2 million metric tons of indic...
