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 152
Sabina Gold & Silver Corp. Jan. 6 reported it plans for a 6,500-meter spring drill program aimed to expand and upgrade high-grade gold resources at the Umwelt underground deposit on the company's Back River gold project in Nunavut, Canada. "The drill program will target a 600-meters down plunge portion of the Umwelt underground where high grade gold ounces are projected along a favorable secondary structural setting between the currently defined high-grade Vault zone and the l...
Sabina Gold & Silver Corp. Aug. 6 reported additional high-grade gold intercepts at the Nuvuyak discovery at the company's Back River gold project in Nunavut. The eight holes drilled at Back River this spring targeted three areas at Goose – Nuvuyak, Hook and Umwelt-Vault – one of seven properties that make up Sabina's larger Back River project. A 2015 feasibility study details plans for developing a mine at Goose that is expected to average 198,100 ounces of gold annually ove...
Solstice Gold Corp. July 2 announced plans for its first ever drill program on the Nunavut (formerly Kahuna) project, a large property roughly seven kilometers (4.4 miles) east of Agnico Eagle Mines Ltd.'s Meliadine Mine. Solstice Gold was formed early last year, when Dunnedin Ventures Inc. spun out the gold prospective portions of its Kahuna diamond project. The portions of Kahuna retained by Dunnedin host more than 40 diamondiferous kimberlite targets. Following its...
Sabina Gold & Silver Corp. June 19 reported initial results from a roughly 6,400-meter spring drill program recently completed at the Back River gold project in Nunavut. The eight holes drilled at Back River this spring targeted three areas at Goose property, one of seven properties that make up Sabina's larger Back River project. A 2015 feasibility study details plans for developing a mine at Goose that is expected to average 198,100 ounces of gold annually over an 11.8-year...
North Arrow Minerals Inc. May 13 announced it has begun the engineering and cost analysis for a small-scale mobile diamond recovery plant to process bulk samples from its Naujaat project about nine kilometers (5.6 miles) from the coastal community of Naujaat, Nunavut. The property hosts at least eight kimberlite pipes. Q1-4 kimberlite is the largest and richest of the kimberlites discovered so and has been the focus of North Arrow's work since acquiring Naujaat (then known as...
Sabina Gold & Silver Corp. May 6 reported the delivery of equipment and supplies across the first winter ice road connecting a newly developed port facility on Bathurst Inlet to the company's Back River gold mine project in Nunavut. A 2015 feasibility study details plans for developing three deposits at Goose, one of seven properties that make up Sabina's larger Back River project. Ore from these deposits would feed a 3,000-metric-ton-per-day mill forecast to produce an...
TMAC Resources Inc. May 1 announced continued improvements at its Doris Mine, resulting in the first positive earnings for this gold operation on the company's Hope Bay property in Nunavut. The 40,050 ounces of gold produced at Doris during the first quarter of this year is nearly an 18 percent increase over the previous production record of 34,080 oz set during the final three months of 2018. While 1,610 metric tons per day average mill throughput during the first quarter was...
Sabina Gold & Silver Corp. Feb. 22 said it plans to invest roughly C$41 million at its Back River gold project in Nunavut this year. A 2015 feasibility study details plans for developing three deposits at Goose, one of seven properties that make up Sabina's larger Back River project. Ore from these deposits would feed a 3,000-metric-ton-per-day mill forecast to produce an average of 198,100 ounces of gold per year over an 11.8-year mine. Sabina gained the permits to develop th...
TMAC Resources Inc. Feb. 21 announced that its Doris Mine on its Hope Bay property in Nunavut achieved record gold production of 34,080 ounces during the fourth quarter. Building on the improvements achieved in the third quarter, the processing plant processed 164,900 metric tons of ore, or about 1,800 metric tons per day, with a grade of 7.8 grams per metric ton gold and achieved an average recovery of 82 percent during the three months ended Dec. 31. "TMAC is pleased to...
Silver Range Resources Ltd. Jan. 7 announced that has received prospecting permits covering a large gold target near Amaruq, a gold mine project currently being developed by Agnico Eagle Mines Ltd. Silver Range's new gold property, known as Atlantis, consists of two prospecting permits covering 31,778 hectares (78,525 acres) about 55 kilometers (34 miles) north-northwest of Amaruq. Scheduled to go into production in the second half of this year, Amaruq hosts 20.1 million...
Auryn Resources Inc. Jan. 30 announced that it is employing an artificial intelligence program to assist in the targeting of high-grade gold mineralization at its 390,000-hectare (964,000 acres) Committee Bay gold project in Nunavut. To accomplish this cutting-edge step in geology and geoscience, Auryn has teamed up with Computational Geosciences Inc., a company that utilizes advanced software tools for data processing, inversion, interpretation, and targeting. These tools...
Sabina Gold & Silver Corp. Jan. 7 provided final results from the 2018 drill program at the company's Back River gold project in Nunavut, including holes that further expanded the Nuvuyak discovery. In 2018, Sabina completed 22,500 meters of diamond drilling, including a 16,500-meter summer program largely focused on the new high-grade discovery at Nuvuyak, as well as advancing additional high priority targets at Goose, one of five mineral properties that comprise the larger...
Sabina Gold & Silver Corp. Dec. 21 reported that it has raised C$28.1 million, money that will be used to continue early mine development activities at the company's Back River gold project in Nunavut. The bought deal financing involved the issuance of 21.09 million Sabina shares at $1.20 each for C$25.31 million. This total includes 2.32 million being issued to Zhaojin International Mining Co., a China-based investor in Sabina that elected to exercise its participation right...
Sabina Gold & Silver Corp. Dec. 4 reported that it continues to blaze a clear path to production at its Back River gold project in Nunavut. A 2015 feasibility study details plans for developing three deposits at Goose, one of seven properties that make up Sabina's larger Back River project. Ore from these deposits would feed a 3,000-metric-ton-per-day mill forecast to produce an average of 198,100 ounces of gold per year over an 11.8-year mine. This year, Sabina has completed... Full story
Auryn Resources Inc. Nov. 13 reported that the 2018 drill program at its Committee Bay project in Nunavut expanded Aiviq, a gold discovery made last year, and discovered gold at Kalulik, a new prospect about 15 kilometers (nine miles) to the southwest. Aiviq is situated about 7.5 miles north of Three Bluffs, a deposit with 2.1 million metric tons of indicated resource averaging 7.85 grams per metric ton (524,000 ounces) gold; and 2.9 million metric tons of inferred resource...
Sabina Gold & Silver Corp. Nov. 15 announced receipt of Type A Water License for Back River, the final major license needed to begin developing a gold mine project in Nunavut. According to a 2015 feasibility study, the 3,000-metric-ton-per-day mine operation being considered for Goose, one of seven properties that make up the larger Back River project, that would average 198,100 ounces of gold per year over an 11.8-year mine life at a cost of US$534 per ounce. The mine would...
Agnico Eagle Mines Ltd. Oct. 25 said it expects to produce more gold than previously predicted both this year and next. Based on strong operational performance, the company has raised its gold production guidance for 2018 to 1.6 million, slightly higher than the 1.58 million ounces of gold predicted at mid-year. Given the positive development progress at its Meliadine and Amaruq projects in Nunavut, Agnico Eagle now also expects its 2019 gold production to exceed 1.7 million...
Aston Bay Holdings Ltd. Oct. 23 reported that results from a nine-hole drill program carried out this summer has helped to refine targets for both the copper and zinc mineralization at its Aston Bay property on Somerset Island, Nunavut. The 2018 drill program tested the two main targets identified so far at Aston Bay – Storm Copper and Seal Zinc, outcropping high-grade copper and zinc deposits. Aston Bay believes the fluids that deposited copper and zinc at the two surface d...
Sabina Gold & Silver Corp. Oct. 22 said drilling continues to expand the Nuvuyak discovery, situated about 1,000 meters west of the Goose main deposit at the company's Back River gold project in Nunavut. The Nuvuyak discovery hole, reported by Sabina in August, cut 39.5 meters of 11.58 grams per metric ton gold in a strongly quartz veined, altered and mineralized iron formation sequence with strong similarities to the high-grade Umwelt "Vault" zone. A follow-up hole at...
Dunnedin Ventures Inc. Oct. 4 reported new diamond results from sampling of the KD900 kimberlite pipe on its Kahuna Diamond project in Nunavut. The company's 2018 summer-fall exploration program included drilling that tested two previously known kimberlites, KD900 and KD230, and discovered a new pipe, KH10-11. All three kimberlites were tested using rotary air-blast (RAB) drilling and approximately one metric ton of representative material was sent to CF Mineral Research Ltd....
Sabina Gold & Silver Corp. Sept. 4 announced that it has received the first sealift to its new Back River marine laydown area, a critical infrastructure component to facilitate transportation of equipment and supplies to the Back River gold mine project in Nunavut. This ability to transport goods to Back River via barge to the laydown area and then a roughly 150-kilometer- (93 miles) long ice road to the mine site provides more efficiency in supporting exploration and...
Peregrine Diamonds Ltd. Aug. 31 reported that its shareholders have overwhelmingly approved the arrangement for De Beers Canada Inc. to buy the Nunavut-focused diamond explorer. In July, De Beers agreed to acquire Peregrine in a cash deal worth roughly C$107 million. Under the terms of the agreement, De Beers is to acquire all of Peregrine's outstanding common shares for C24 cents each, a 50 percent premium to Peregrine's share price of C16 cents on July 18. Peregrine's primar...
Sabina Gold & Silver Corp. Aug. 20 reported a significant new gold discovery, the Nuvuyak zone, about 1,000 meters west of the Goose main deposit at the company's Back River gold project in Nunavut. Hole 18GSE545 cut 39.5 meters of 11.58 grams per metric ton gold at Nuvuyak, a target hosted in a strongly quartz veined, altered and mineralized iron formation sequence, and has a number of strong similarities to the high-grade Umwelt "Vault" zone. Sabina said this successful...
Auryn Resources Inc. Aug. 16 closed a C$7.3 million financing that will fund exploration of its Committee Bay and Gibson MacQuoid gold projects in Nunavut; and drilling on its Homestake Ridge gold-silver property in northwestern British Columbia. Originally slated to be C$4.6 million, the financing was increased by nearly 59 percent due to significant demand. This substantially increased private placement consists of roughly 2.1 million flow-through common shares at C$1.60...
Nighthawk Gold Corp. Aug. 8 reported that 11 recently completed holes at Grizzly Bear – one of five deposits that make up the Colomac gold project on the company's Indin Lake property in Northwest Territories – cut gold mineralization. Grizzly Bear is located roughly 4,000 meters south-southwest of Colomac high-grade Zone 1.5, and 600 meters south of the Colomac airstrip. Prior to 2017, Nighthawk had not drilled the deposit, however historical drill results were reported as...
