The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 76 - 100 of 242
Osisko Metals Inc. Feb. 22 announced a C$100 million (US$74 million) investment agreement with Appian Capital Advisory LLP, a London-based private equity group that specializes in acquiring and developing mining assets, under which the parties are to form a joint venture for the advancement of the Pine Point zinc-lead project in Northwest Territories, Canada. Located just south of the Great Slave Lake, Pine Point was home to a former mine operated by Cominco (now Teck...
North Arrow Minerals Ltd. July 13 announced the start of the 2023 field program for its recently fully acquired Lac de Gras kimberlite property in Northwest Territories, Canada – while primarily a diamond project, the company plans to explore a lead for possible lithium-bearing spodumene pegmatites initially reported by Geological Survey of Canada mappers in the 1940s. After obtaining 100% interest in Lac de Gras from previous joint venture partner Arctic Canadian Diamond C...
Li-FT Power Ltd. June 14 reported that the first six holes of its 2023 program at the Yellowknife Lithium project in Northwest Territories have all cut spodumene-bearing pegmatite at Fi Southwest, one of seven pegmatite dykes on the docket to be tested with a 45,000-meter drill program planned for this year. Li-FT's 141,572-hectare (349,832 acres) Yellowknife Lithium project consists of 11 properties covering some of the most prospective lithium targets found within the...
North Arrow Minerals Inc. June 13 announced the start of its 2023 exploration field program at the company's DeStaffany lithium project in Northwest Territories, Canada. Located on the shore of the Great Slave Lake, approximately 115 kilometers (71 miles) east of Yellowknife, NWT, the DeStaffany lithium project is already known to host two lithium-tantalum-niobium pegmatites – Moose 1 and 2. More details on DeStaffany and the Moose pegmatites, as well as additional lithium e...
North Arrow Minerals Inc. May 18 announced that it has raised roughly C$2.7 million to fund exploration of its lithium projects in northern Canada, which will primarily be focused on the company's newly acquired DeStaffany lithium project in Northwest Territories. The company raised the cash through a C$2.4 million private placement financing and the sale of 0.5% royalty interests in its Loki diamond project in Northwest Territories' Lac de Gras region for C$374,000. With the...
Nighthawk Gold Corp. April 26 published results from a preliminary economic assessment that details very strong economics for a mine at its Colomac project in Northwest Territories that would produce 3.26 million ounces of gold over 11.2 years of operation. The PEA envisions a "hub-and-spoke" mining operation with a 17,000-metric-ton-per-day mill located at Colomac Centre, where most of the resources are located, with ore from satellite deposits across the 359-square-mile...
NorZinc Ltd. April 20 announced the completion of a 170-kilometer (about 105 miles) pioneer winter road to the Prairie Creek Mine, which serves as the first phase of an all-season access road to the zinc mine in Canada's Northwest Territories. Prairie Creek is the site of a historical zinc-silver mine that was developed in the 1970s and 1980s but was never ramped up to full production due to a collapse in the price of silver that supported the economics of the project....
Li-FT Power Ltd. April 19 announced that it has entered into a preliminary agreement with the Yellowknives Dene First Nation ahead of a 42,000-meter drill program that it plans to carry out this year on its newly assembled Yellowknife Lithium project about 60 kilometers east of Yellowknife, Northwest Territories. Li-FT is a new junior exploration company formed early last year that is focused on lithium, a metal that is in high demand due to its use in the batteries powering...
Fortune Minerals Ltd. March 23 reported that it is in discussion with the Canadian, United States, and European Union governments to secure financial support for the development of the company's Nico cobalt-bismuth-copper-gold project in Canada's Northwest Territories. Located about 150 road-kilometers (95 miles) north of the Canadian rail system at Hay River, NWT, Nico is a near-development stage project that includes an intriguing mix of critical and precious metals....
North Arrow Minerals Inc. March 30 reported that its ongoing data review has identified eight lithium targets on its newly acquired DeStaffany project in Northwest Territories. Acquired by North Arrow in January, DeStaffany is an early exploration project about 18 kilometers (11 miles) northeast of Vital Metals Ltd.'s Nechalacho rare earths mine that hosts two known lithium-tantalum-niobium bearing pegmatites – Moose 1 and Moose 2 – with some historical prospecting and sam...
Li-FT Power Ltd. March 22 announced that it has raised C$35 million (US$25.5 million) for exploration of its lithium properties in Canada, including the company's flagship Yellowknife Lithium project in Northwest Territories. Li-FT is a new junior exploration company formed early last year to explore and develop projects for hardrock lithium, which is in high demand for the batteries powering electric vehicles. After picking up some promising projects in Quebec, the company ac...
Mountain Province Diamonds Inc. March 23 reported that strong diamond prices during 2022 resulted in the company's highest-ever annual revenue from the Gahcho Kué Mine in Canada's Northwest Territories. Owned under a joint venture between Mountain Province (49%) and De Beers Canada Inc. (51%), Gahcho Kué produced 5.52 million carats of diamonds during 2022. While this is a 12% drop from the 6.23 million carats produced during 2021, higher diamond values last year more than m...
Nighthawk Gold Corp. Feb. 9 released an updated resource estimate that will support a preliminary economic assessment for its Colomac gold project and includes initial resources for several satellite deposits across the 359-square-mile (930 square kilometers) Indin Lake property in Northwest Territories. Nighthawk is considering a mining operation at the more than 3-million-ounce gold resource at Colomac, which is expected to serve as a hub for processing higher-grade gold...
Li-FT Power Ltd. Feb. 21 announced that it has optioned two large land packages covering potential extensions of the lithium occurrences on its properties in the Yellowknife Pegmatite Province, Northwest Territories. In January, Li-FT announced the acquisition of the Yellowknife lithium project, which covers at least 14 pegmatites – igneous rocks with exceptionally large crystals that are the major source of hardrock lithium worldwide – on mineral leases that are 30 kil...
Sixty North Gold Mining Ltd. Dec. 15 reported that sampling has identified two zones of elevated, copper, cobalt, nickel, and other metals along strike of the iron oxide-copper-gold (IOCG) discovery on its Mon gold property in Northwest Territories. Located about 40 kilometers (25 miles) north of Yellowknife, Mon is best known for its high-grade gold potential. A summer seasonal mine that operated at Mon from 1991 to 1997 produced 15,000 ounces of gold from 15,000 metric tons...
Nighthawk Gold Corp. Nov. 15 announced that this year's drilling cut bonanza-grade gold in the Cass deposit on the company's Indin Lake property in Northwest Territories. According to a calculation completed in March, Indin Lake hosts 58.2 million metric tons of indicated resource averaging 1.44 grams per metric ton (2.69 million oz) gold, plus 19.7 million metric tons of inferred resource averaging 2.1 g/t (1.33 million) gold. This year, Nighthawk carried out a 40,085-meters...
Fireweed Metals Corp. Nov. 17 announced that its exploration program at Gayna River revealed several potential high-grade targets at this zinc-lead-gallium-germanium project in Canada's Northwest Territories. "The results from this year's exploration program at Gayna River demonstrate that there is potential for high-grade massive sulphides here, consistent with our approach in exploring Kipushi-style high-grade targets around the margins of these ancient carbonate reefs," sai...
Osisko Metals Inc. Nov. 22 announced further drill results from the 2022 definition drilling at its Pine Point zinc-lead project in Northwest Territories, moving one step closer toward a feasibility study for this world-class deposit. According to the most recent mineral resource estimate, Pine Point hosts 15.8 million metric tons of indicated resource averaging 4.17% zinc, and 1.53% lead, a 25% increase in declared tonnage from the 2020 MRE; and 47.2 million metric tons of...
Honored for local hire and business opportunities at Canada's first rare earths mine. Cheetah Resources Corp. Nov. 20 announced that it has been honored with the 2022 Northwest Territories Mining and Exploration (MAX) economic leadership award for its innovative Indigenous and northern employment and procurement at Nechalacho, as well as the rare earth mine's contribution to the mining and export sectors of the NWT economy. "Vital has successfully developed an entire... Full story
Osisko Metals Inc. Nov. 9 announced the results of its 2022 definition drilling program at its Pine Point project in Canada's Northwest Territories, a program that aims to upgrade its resource to the indicated category for an upcoming feasibility study. After filing a preliminary economic assessment this year, which included the higher commodity prices and reduced dewatering costs, all intercepts reported fall within, or adjacent to, the currently modeled open pit shells...
NorZinc Ltd. Oct. 19 announced that it has received the final approvals needed to begin construction of a winter road to Prairie Creek, the first phase of a planned 170-kilometer (105 miles) all-season road that will allow concentrates from the mine to be delivered to market. The territorial government and Mackenzie Valley Land and Water Board approved all NorZinc's management plans pertaining to the permit and license to construct the Pioneer Winter Road. While these are the...
Likely the largest fancy vivid yellow gem discovered at a Canadian mine. Arctic Canadian Diamond Company Sept. 23 announced the recovery of an exceptional 71.26-carat yellow octahedron diamond at the company's Ekati Mine in Canada's Northwest Territories. Renowned for the premium gem-quality stones it produces, Ekati has recovered more than 80 million carats of diamonds since the mine opened in 1998. The 71.26 fancy vivid yellow diamond was recovered on Aug. 25 at Misery, a...
NorZinc Ltd. Sept. 29 announced that it has received the final permit needed to develop the expanded operation it has planned for the past producing Prairie Creek zinc mine in Canada's Northwest Territories. The company originally permitted a 1,600-metric-ton-per-day operation for Prairie Creek but decided to expand the mill throughput following the positive results from a 2021 preliminary economic assessment for a 2,400-metric-ton-per-day mining operation that would produce...
Mountain Province Diamonds Inc. Aug. 31 announced the upcoming sale of diamonds from the Gahcho Kué mine in Canada's Northwest Territories will include a 151.6 carat colored octahedron of exceptional clarity. Co-owned by De Beers Canada (51%) and Mountain Province (49%), Gahcho Kué has become known as a source of exceptional, gem-quality, large diamonds since going into production in 2016. The 157.4-carat Polaris, which appears colorless in daylight but shines with a deep b...
NorZinc Ltd. Aug. 17 announced the signing of a transportation corridor benefits agreement with Acho Dene Koe First Nation, whose traditional territory lies along the route for delivering zinc and silver-rich lead concentrates produced at a future Prairie Mine in Northwest Territories to global markets. "We are pleased to be signing this agreement with the Acho Dene Koe First Nation which sets a strong foundation for us to work collectively, ensuring the benefits to its...
