The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 226 - 242 of 242
Seabridge Gold Inc. May 4 announced that it raised C$19.7 million to fund 2018 exploration at its KSM gold-copper project in northwestern British Columbia. "This year's exploration program at KSM will follow up on the tremendous success we achieved last year at KSM's Iron Cap deposit where inferred gold resources increased by 302 percent, to 20 million ounces, and inferred copper resources increased by 379 percent, to 8.6 billion pounds," said Seabridge Chairman and CEO Rudi F...
Osisko Metals Inc. May 8 said its winter drilling continues to confirm historical zinc mineralization at its newly acquired Pine Point zinc-lead project in Northwest Territories. Located near the community of Hay River, the Pine Point project benefits from substantial infrastructure that includes road access, rail head in Hay River and hydro-electric power available on site. A preliminary economic assessment completed in 2015 examined several development scenarios and settled...
TerraX Minerals Inc. May 8 said it completed 5,684 meters of winter drilling at its Yellowknife City Gold project, including four holes that extended the high-grade Crestaurum gold bearing structure to a depth of 300 meters. The 187 previously drilled holes Crestaurum had traced the structure along 1,400 meters of strike length and to a depth of roughly 150 meters, outlining a deposit with grades as high as 62.9 grams per metric ton gold over five meters. Although the...
Seabridge Gold Inc. May 9 said the winter drilling at its Courageous Lake has identified two new gold zones, Olsen and Marsh Pond, that could add additional higher grade resource to this large gold project in Northwest Territories. Located about 240 kilometers (150 miles) northeast of Yellowknife, the Courageous Lake property covers most of the 53-kilometer- (33 miles) long Mathews Lake Greenstone Belt, which hosts the FAT (Felsic-Ash-Tuff) and Walsh Lake deposits. The FAT...
Mountain Province Diamonds Inc. April 13 completed its acquisition of Kennady Diamonds Inc. in an all-share deal worth roughly C$176 million. Kennady Diamonds owns Kennady North, a rapidly advancing diamond project about seven kilometers (4.5 miles) northeast of Gahcho Kué – a mine owned by Mountain Province (49 percent) and De Beers Canada (51 percent). Since being spun out of Mountain Province in 2012, Kennady has identified a series of diamond-rich kimberlites along a co...
North Arrow Minerals Inc. April 5 announced the discovery of a new kimberlite during a 607-meter drill program carried out this winter at the company's Loki diamond project in the Lac de Gras region of Northwest Territories. Roughly 19 miles (30 kilometers) southwest of the Ekati Mine and 15 miles (24 kilometers) west of the Diavik Mine, Loki is found in a region known for its rich diamond deposits. North Arrow narrowed down the drill targets at Loki with surface sampling...
Nighthawk Gold Corp. March 21 announced that a 25,000-meter drill campaign is now underway at its Indin Lake gold property in the Northwest Territories. Located about 160 kilometers (100 miles) north of Yellowknife, the 899-square-kilometer (222,200 acres) Indin Lake property hosts a number of gold deposits, including zones that extend out from the historical Colomac open-pit mine, which produced 527,908 ounces of gold during the 1990s. In 2013, the last time a resource was...
Margaret Lake Diamonds Inc. March 12 said it is putting together plans for potential 2018 drill programs at its Margaret Lake and Diagras diamond properties in the Northwest Territories. The company said it has identified six drill targets at Margaret Lake, a 23,199-hectare property adjacent to the north and west of Kennady Diamonds Inc.'s Kennady North property and about nine kilometers (5.5 miles) north of Gahcho Kué, a diamond mine recently brought into production under a joint venture between De Beers Canada and...
TerraX Minerals Inc. March 9 said its first phase of 2018 drilling at the Yellowknife City Gold project is showing the potential for a bulk tonnage deposit on the Northbelt property with multi-gram-per-metric-ton gold grades. The first five holes of its 2018 winter drill program tested the Sam Otto zone both along strike and to depth. Two of these holes tested the Sam Otto South extension, confirming a 2,200-meter mineralized zone that remains open. These holes were drilled...
North Arrow Minerals Inc. March 5 announced the start of 2018 exploration drilling at Loki, a diamond project in the Lac de Gras region of Northwest Territories. Roughly 30 kilometers southwest of the Ekati Mine and 24 kilometers west of the Diavik Mine, Loki is found in a region known for its rich diamond deposits. "Clearly, a very good place to be to make new discoveries and the discoveries we do make have a very good chance of being diamondiferous," said North Arrow Preside...
TerraX Minerals Inc. March 7 announced yet another expansion of its Yellowknife City Gold project, bringing its total land holdings near the Northwest Territories capital to 771.6 square kilometers, or roughly 190,665 acres. The latest expansion of the Yellowknife project comes from the staking of 337.5 square kilometers (130.3 square miles) immediately north of its current properties. These additional 47 claims were staked based on extensive field exploration completed last...
Kennady Diamonds Inc. Feb. 5 announced that crews have mobilized for a roughly 10,500-meter winter drill program at its Kennady North diamond project in Northwest Territories. Around 60 percent of this program will investigate high priority exploration targets along the Kelvin-Faraday corridor, a trend of diamond-bearing kimberlites that extend from the northern border of De Beers Canada and Mountain Province Diamond's Gahcho Kué property some 3,000 meters onto the Kennady...
TerraX Minerals Inc. Feb. 7 announced the start of a 6,000-meter winter drill program at its Yellowknife City Gold project adjacent to the capital of Northwest Territories. This initial program will test extensions of the Sam Otto and Crestaurum deposits on Northbelt, one of three large land packages that make up the Yellowknife City Gold project "Our 2018 winter drill programs will focus on expansion of two of our most advanced high priority gold targets with a goal of...
Mountain Province Diamonds Inc. Jan. 29 announced a definitive agreement to acquire Kennady Diamonds Inc. under a friendly all-share deal worth roughly C$176 million. Kennady Diamonds owns Kennady North, a rapidly advancing diamond project about seven kilometers (4.5 miles) northeast of Gahcho Kué – a mine owned by Mountain Province (49 percent) and De Beers Canada (51 percent). Since being spun out of Mountain Province in 2012, Kennady has identified a series of diamond-rich...
TerraX Minerals Inc. Jan. 12 said it has entered into an agreement to acquire the Ptarmigan Mine property, a 47-hectare (116 acres) claim block within the company's Eastbelt property at the Yellowknife City Gold project in Northwest Territories. The three gold properties that make up the YCG projects – Eastbelt, Southbelt and Northbelt – blanket 440 square kilometers (170 square miles) of gold prospective land surrounding the Northwest Territories capital. The newest add...
Seabridge Gold Corp. Jan. 8 reported plans for a 36-hole drill at its Courageous Lake gold project in Northwest Territories. The planned 7,200-meter program, which is slated to begin in February, will test seven targets along a geophysical and stratigraphic break that hosts the Walsh Lake deposit. With 6.5 million oz. of gold in 91 million metric tons averaging 2.2 grams per metric ton gold, Courageous Lake hosts one of the largest undeveloped gold reserves in Canada. In...
Osisko Metals Inc. Dec. 18 announced a friendly agreement to acquire full ownership of Pine Point Mining Ltd., a deal that will give Osisko Metals full ownership of the Pine Point zinc-lead project in Northwest Territories. "The addition of the Pine Point project to our exploration and development portfolio is exactly in keeping with our strategy of consolidating world class base metal mining districts," said Osisko Metals President and CEO Jeff Hussey. Located near the...
