The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 126 - 150 of 152
Aston Bay Holdings Ltd. Aug. 1 said new drill targets at its Seal Zinc deposit on the Aston Bay property on Somerset Island, Nunavut, will be targeted during a drill program to begin later this month. Last year, Aston Bay commissioned a high resolution airborne gravity gradiometry survey, a geophysical technique that measures minute differences in the earth's density to yield information on underground geologic structures, to help identify potential areas of concealed...
Agnico Eagle Mines Ltd. July 16 reported that its Amaruq and Meliadine gold mine projects in Nunavut are on track to begin production next year. On July 11, Crown-Indigenous Relations and Northern Affairs Canada Minister Caroline Bennett approved the Type A water license, which allows Agnico to begin construction and development of the Whale Tail pit at Amaruq. "We would like to thank the various regulatory agencies, both federal and territorial, the Inuit Organizations, the...
Peregrine Diamonds Ltd. July 19 announced that De Beers Canada Inc. has agreed to buy the exploration company 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. In May, Peregrine Diamonds published an updated preliminary economic assessment for its Chidliak project in Nunavut that envisions...
Auryn Resources Inc. July 9 said it plans to begin a 10,000-meter drill program at its nearly 1-million-acre (390,000 hectares) Committee Bay gold property in Nunavut on July 15. The 6,000 meters of diamond drilling and 4,000 meters of rotary air blast (RAB) drilling planned for this year will follow up on the 2017 Aiviq discovery, as well as exploration drilling at five prospects – Kalulik, Tulugaq, Aarluk, Castle Pebble and Koffy – identified through a high resolution til...
Sabina Gold & Silver Corp. July 5 reported the start of a 10,000-meter summer drill program at the Goose Property on the company's Back River gold project in Nunavut Following a 6,000-meter spring program, the key focus of the summer drilling is to follow up on the previous success at the Umwelt "Vault" and the Llama Extension targets, as well as further testing of the Goose Main extension target (Nuvuyak). This drilling is complimented with a series of field exploration...
TMAC Resources Inc. June 14 reported that the addition of a Falcon gravity concentrator to the recovery circuit processing ore from the Doris Mine at the company's Hope Bay project has resulted in record monthly gold production at the Nunavut operation. The mill at Hope Bay reached commercial production last May, but poor gold recoveries has hampered the ability to reach full operating capacity. "TMAC's recent metallurgical tests have indicated that at least 70 percent of the...
Nighthawk Gold Corp. June 13 reported a 24 percent increase in the gold resource for the Colomac gold project at the company's Indin Lake property in Northwest Territories. Incorporating the results from 913 historical holes and 175 holes completed by Nighthawk from 2012 through 2017, Colomac now hosts 50.3 million metric tons of inferred resource averaging 1.62 grams per metric ton (2.61 million ounces) of gold. Located about 160 kilometers (100 miles) north of Yellowknife,...
Peregrine Diamonds Ltd. May 23 published an updated preliminary economic assessment at Chidliak that shows a substantial increase in the diamonds recovered and financial returns from an initial phase of development at this project in Nunavut. In 2016, the company completed a PEA for Chidliak that envisioned a phase-1 mine that would produce an average of 1.2 million carats per year over an initial 10-year mine life. This mine was calculated to produce an after-tax net present...
Agnico Eagle Mines Ltd. April 26 said its Amaruq and Meliadine gold mine development projects in Nunavut remain on schedule and are expected to boost the company's annual gold production to 2 million ounces by 2020. "During the first quarter, we continued to make very good progress at our Nunavut growth projects, with Amaruq permitting activities advancing as expected and development of the underground exploration ramp proceeding as planned," said Agnico Eagle CEO Sean Boyd....
Aura Silver Resources Inc. May 3 reported that Agnico Eagle Mines Ltd will continue to carry out exploration at Aura's Greyhound gold property this year. Situated 32 kilometers (20 miles) south of Agnico Eagle's Meadowbank gold mine in Nunavut, Greyhound hosts gold-rich zones and base metals-rich volcanogenic massive sulfide targets. Agnico earned an initial 51 percent interest in a portion of Greyhound upon completing a 2017 spring drilling program, a stake that can be...
Solstice Gold Corp. May 1 provided details of the 2018 exploration program at its Kahuna gold project in Nunavut. Spun out of Dunnedin Ventures Inc. in April, Solstice Gold is focused on exploring the gold potential at Kahuna, which is about seven kilometers (4.4 miles) east of Agnico-Eagle Mines' Meliadine gold mine project. Dunnedin has outlined 4.02 million carats of diamonds in 3.99 million metric tons of inferred resource averaging 1.01 carats per metric tons in two...
Sabina Gold & Silver Corp. and the Kitikmeot Inuit Association April 23 announced that they have entered into 20-year benefit and land tenure agreements that lay out Sabina's rights and obligations with respect to surface land access on Inuit owned land on the Back River gold project in Nunavut. Incorporated in 1976 to represent and promote the interests of the Inuit people in the Kitikmeot region of Nunavut, the Kitikmeot Inuit Association (KIA) has a mandate to "manage...
Dunnedin Ventures Inc. April 18 announced that it has raised C$2.08 million to further exploration of its Kahuna diamond project in Nunavut and has received conditional approval from the TSX Venture Exchange to spin out Solstice Gold Corp., which will be exploring the gold potential that has been identified at Kahuna. The money raised by Dunnedin included the issuance of 5.34 million non-flow-through units at C30 cents each and 250,000 flow-through units at C40 cents each. All units include one Dunnedin share and half of a...
Dunnedin Ventures Inc. April 5 said it is expanding its 2018 exploration program at Kahuna, a large diamond property about 16 miles (26 kilometers) northeast of Rankin Inlet and adjacent to Agnico Eagle's Meliadine gold mine. Two kimberlites on the property – Kahuna and Notch – hosts 4.02 million carats of diamonds in 3.99 million metric tons of inferred resource averaging 1.01 carats per metric tons. The kimberlites in the resource are exposed at surface and remain open to extension along strike and at depth. Overall, Dun...
Sabina Gold & Silver Corp. April 9 reported that the spring drill program has cut long sections of high-grade gold below the current resource at its Back River gold project in Nunavut, Canada. The roughly 6,000 meters of drilling planned for this spring is testing targets at the Goose property – Llama Extension, Umwelt Vault, and the relatively untested DIF (deep iron formation) horizon – that could have a high impact on the mine being developed at Back River. In 2015, the...
Aston Bay Holdings Ltd. March 29 reported the closing of the third tranche of a C$4.47 million financing, providing the company with funds for a 2018 exploration program at the Storm Copper and the Seal Zinc projects on Somerset Island, Nunavut. In this third tranche of the financing, Aston Bay raised C$2.25 million through the issuance of 12.8 million units at C15 cents each and 2.1 million flow-through shares at C16 cents each. Each unit consists of one common share of the...
Sabina Gold & Silver Corp. March 13 reported results from an "exceptional" 2017 and said it is looking forward to finalizing the permitting for Back River and completing pre-development work at the gold mine project in Nunavut. In December, the Minister of Indigenous and Northern Affairs Canada accepted a recommendation by the Nunavut Impact Review Board (NIRB) to advance Back River gold to the regulatory and licensing phases. "2017 was an exceptional year for Sabina," said...
North Arrow Minerals Inc. Feb. 28 reported the recovery of 64.25 carats of commercial sized (larger than 1 millimeter) diamonds from a 209.8-metric-ton mini-bulk sample collected from the Q1-4 kimberlite at the Naujaat project in Nunavut. The three largest recovered diamonds from the sample are 5.25, 2.09 and 1.06 carats. Yellow diamonds, representing a range of hues and tones, made up 10.7 percent of the diamonds recovered by stone count and 21.2 percent by carat weight....
Peregrine Diamonds Ltd. Feb. 15 reported that its 2017 resource development program has increased the inferred mineral resource of the CH-6 kimberlite pipe at the company's Chidliak diamond project in Nunavut by 58 percent. The 2017 drill program at Chidliak delineated the high-grade CH-6 kimberlite pipe to a depth of 540 meters below surface. As a result, the inferred resource has been expanded to 17.96 million carats of diamonds in 7.46 million metric tons of inferred...
Agnico Eagle Mines Ltd. Feb. 14 reported that its plans to bring the Amaraq and Meliadine gold mines in Nunavut into production is ahead of schedule. In recent years, the company expanded its presence in Nunavut, a jurisdiction the company sees as both politically stable and geologically rich. "(W)e continue to make excellent progress on our Nunavut development projects which has allowed us to advance the expected start-up of Meliadine and increase our production guidance for...
Sabina Gold & Silver Corp. Feb. 13 announced plans to invest C$83 million on high-value exploration and pre-development infrastructure improvements at its Back River gold mine project in Nunavut. “2018 will be a significant year for the company as our work programs continue to advance Back River towards production as well as continue to focus on high value exploration targets at the Goose property,” said Sabina Gold President and CEO Bruce McLeod. “In addition, we have developed discretionary activities that are based on ce...
Auryn Resources Inc. Jan. 6 said it has further refined drill targets at Aiviq, a high-grade gold discovery made last year at the Committee Bay project in Nunavut, and plans to further test this discovery with drilling slated to begin in March. The nearly 1-million-acre (390,000 hectares) Committee Bay property is anchored by 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...
Sabina Gold & Silver Corp. Jan. 22 announced the closing of a C$66.1 million financing that involved Zhaojin International Mining Co. acquiring 24.93 million Sabina Gold shares at C$2.65 each. As a result of this investment, the China-based gold mining company owns roughly 9.9 percent of Sabina’s issued and outstanding common shares on a non-diluted basis. Zhaojin International is a subsidiary of Zhaojin Mining Industry Co., a leading Chinese gold producer and one of China’s largest gold smelting companies. Sabina will app...
North Arrow Minerals Inc. Jan. 22 reported that it has significantly expanded its Mel property in Nunavut to encompass a new diamond-bearing kimberlite field it discovered last year. During its 2017 exploration at Mel, North Arrow discovered ML-8 kimberlite near the up-ice termination of a well-defined kimberlite indicator mineral (KIM) train in the northern part of the project area. A 62.1-kilogram sample of this kimberlite returned 23 diamonds larger than the...
TMAC Resources Inc. Jan. 15 reported the sale of 17,350 ounces of gold for US$1,275 per ounce, for US$22.1 million, from its Hope Bay Mine in Nunavut during the fourth quarter. For the full year, 49,040 oz of gold was poured during the first year of operation at Hope Bay, of which 46,990 oz were sold generating US$59.7 million of revenue for the year and 2,050 ounces were doré or refined. The mill at Hope Bay reached commercial production on June 1, but poor recoveries have...
