The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 526 - 550 of 572
White Gold Corp. Aug. 15 said it has begun drilling near-surface high-grade gold mineralization recently discovered at the Vertigo Trend on the company's JP Ross property in Yukon's White Gold District. The Vertigo gold mineralization was encountered using GT Probe, a track mounted sampling machine engineered by Dawson City-based GroundTruth Exploration. Designed to be more cost-effective and less environmentally invasive than traditional trenching, the GT Probe drives a...
White Gold Corp. Aug. 9 said initial results from the resource expansion and exploration program on its White Gold property in the Yukon have returned some of the strongest and most consistent mineralization intercepts drilled to date on the Golden Saddle deposit. A resource calculated earlier this year for the White Gold property outlines 12.32 million metric tons of indicated resource averaging 2.43 grams per metric ton gold (961,000 ounces) gold; plus 5.16 million metric...
Golden Predator Mining Corp. July 26 reported that a 2,500-meter drill program is underway in the Sprogge area of the company's 3 Aces gold project in southeastern Yukon. Sprogge, situated immediately southeast of the original 3 Aces property, was acquired by Golden Predator late in 2017. The Sprogge property blankets favorable structural-stratigraphic contacts similar to those that host the high-grade gold occurrences Golden Predator has outlined in the core zone at 3 Aces. T...
ATAC Resources Ltd. July 17 said results of the first three holes drilled at Osiris, the easternmost of three properties that make up the Rackla Gold property in the Yukon, show the expansion potential of the Conrad deposit. In June, ATAC Resources reported an inaugural resource for Osiris with 12.38 million metric tons of inferred resource averaging 4.23 grams per metric ton (1.69 million ounces) gold. Most of the gold outlined so far at Osiris is found in the Conrad zone,...
Victoria Gold Corp. July 18 said that while construction crews develop the Eagle Gold Mine, exploration continues across the wider Dublin Gulch property in the Yukon. "While mine construction is Victoria's primary focus this year, the company does not intend to let the untapped mineral potential of the Dublin Gulch property remain untested," said Victoria Gold President and CEO John McConnell. The open-pit, heap-leach operation being developed at Eagle Gold is expected to...
Golden Predator Mining Corp. July 11 said it has begun a 1,500-meter drill program at Brewery Creek to evaluate the suitability of continuous vat leaching for gold recovery and to expand the resource at this past-producing gold mine about 55 kilometers (34 miles) east of Dawson City, Yukon. A 2014 preliminary economic assessment outlined plans for a heap-leach operation at Brewery Creek that would produce an estimated 372,000 ounces of gold over a nine-year span. This includes...
Triumph Gold Corp. July 11 announced that it has raised C$5.1 million via a private placement financing that included participation by Goldcorp Inc., Palisade Global Investments Ltd. and a Hong Kong-based investment fund. The money raised will help fund the ongoing exploration at Triumph's Freegold Mountain gold-copper project in the Yukon's Dawson Range. Goldcorp initially invested in Triumph Gold early in 2017 with a C$6.3 million investment that provided the major with a 19...
Goldstrike Resources Ltd. June 27 said drills are turning on its 156-square-kilometer (60 square miles) Lucky Strike gold property in the heart of the Yukon's White Gold District. Following up on the 1,033-meter maiden drill program carried out last year, the 2018 drill program begins at the Monte Carlo zone, a 1,400- by 350-meter geochemical anomaly where trenching has returned long sections of gold comparable to trenches that led to the discovery at Goldcorp's Coffee gold...
Fireweed Zinc Ltd. June 26 said it has begun a planned 10,000-meter drill program aimed at expanding and upgrading the high-grade zinc resource at Macmillan Pass, as well as exploring for new deposits across the company's 470-square-kilometer (181 square miles) project in Selwyn Basin of southeastern Yukon. "With a healthy treasury, we are planning to both drill to expand and upgrade our mineral resource and carry out aggressive exploration toward making new discoveries,"...
Rockhaven Resources Ltd. June 21 published an updated mineral resource estimate for the high-grade Western BRX, Central BRX, Central Klaza, and Western Klaza zones at its Klaza project in southern Yukon with 686,000 ounces of gold in the indicated category and 507,000 oz in the inferred category. The updated resource incorporates results from roughly 13,300 meters of in-fill and expansion drilling completed since the previous estimate in 2015. Bulk tonnage, low-grade...
ATAC Resources Ltd. June 18 reported a 1.69-million-ounce maiden gold resource for Osiris, one of three projects that make up the 1,700-square-kilometer (656 square miles) Rackla Gold property in the Yukon. Osiris is where ATAC first discovered Carlin-type gold, which is found in sediment hosted deposits where very fine-grained gold is typically associated with pyrite or arsenopyrite. This type of gold mineralization gets its name from the Carlin Mine in Nevada, where it was...
Golden Predator Mining Corp. June 21 named globally recognized geological experts Richard Goldfarb, Lance Miller, Craig Hart and Bill Threlkeld to the company's newly formed exploration management council. These founding members bring vast experience in the geology of the Northern Cordillera – a metals rich volcanic province that extends through British Columbia, Yukon and Alaska – to the council. This council will assist Golden Predator management and field staff in rev...
Pembridge Resources plc June 11 announced that it has signed a terms agreement with a leading global Japanese trading house that will provide the England-based company US$30 million in exchange for an offtake agreement for 125,000 metric tons of copper concentrate to be produced at the Minto Mine in the Yukon. In February, Pembridge cut a deal with Capstone Mining Corp. to acquire Minto for US$37.5 million in cash, plus working capital adjustments, and common shares...
Golden Predator Mining Corp. June 14 said it will be testing for high-grade gold across the wider 3 Aces project with a 2,500-meter drill program at the Sprogge area of this 357-square-kilometer (138 squares miles property in southeast Yukon. Late in 2017, Golden Predator cut deals with Alexco Exploration Canada Corp. and Newmont Canada Corp. to buy full ownership of Sprogge, a large gold property immediately southeast of the original 3 Aces property. Golden Predator said...
Goldstrike Resources Ltd. June 11 reported that a planned 10,000-meter drill program being funded and operated by Newmont Mining Corp. is now underway at the 662-square-kilometer (256 square miles) Plateau gold property in Canada's Yukon. Newmont, which cut a C$53 million deal to earn up to a 75 percent stake in Goldstrike's expansive and gold-rich Plateau property early in 2017, invested C$6 million on an exploration program focused on understanding and modeling the controls...
Golden Predator Mining Corp. and Yukon Mint, a Golden Predator subsidiary, May 30 unveiled the First Yukon Mint .9999 gold coin at an event in Toronto, Ontario. Yukon Mint gold coins will be part of a limited annual series of First Nation art selected through design contests on the obverse side and an iconic image of Klondike Gold Rush on the reverse. The First Yukon Mint coin features the work of Kaska Nation artist Miranda Lane, a self-taught artist and spiritual intuitive....
K2 Gold Corp. June 4 said it has begun an initial phase of its 2018 exploration program at Wels, a western Yukon gold property about 30 miles (50 kilometers) east of the Alaska-Yukon border. A re-interpretation of the existing rock, soil, and drill sample geochemistry commissioned by Wels earlier this year shows that antimony and arsenic have a clear affinity with the known gold in all rock-types on the property. A 3,000- by 1,500-meters antimony signature has been identified...
Klondike Gold Corp. May 24 said drilling is now underway at the company's 527-square-kilometer (203 square miles) Klondike District gold project near Dawson City, Yukon. The 2018 program is slated to include at least 5,000 meters of drilling aimed to gain a better understanding of the property's larger potential by systematically testing for gold mineralization along a trend that spans the entire property, from the Lone Star zone to the newly discovered Gold Run target, about...
ATAC Resources Ltd. May 29 announced that it has raised C$4.5 million for a roughly 10,000-meter drill program at Osiris, one of three projects that make up the 1,700-square-kilometer (656 square miles) Rackla Gold property in the Yukon. Originally announced as a C$3 million financing, ATAC's oversubscribed private placement involved the issuance of 7.56 million flow-through shares at C$60 cents each. Under a provision of Canada's Income Tax Act, flow-through financings allow...
White Gold Corp. May 30 reported it has drills turning at White Gold and Betty, two of the Yukon-focused explorer's highest priority properties. "This is a very exciting time for the company as we begin work on two of our top priorities," said White Gold Corp. CEO David D'Onofrio. A resource calculated earlier this year for the White Gold property outlines 12.32 million metric tons of indicated resource averaging 2.43 grams per metric ton (961,000 ounces) gold; plus 5.16 milli...
Goldstrike Resources Ltd. May 22 said it is mobilizing for the 2018 exploration program at Lucky Strike and other properties it holds in Yukon's White Gold District. This year's exploration will follow-up on the success Goldstrike had on the Lucky Strike property in 2017, where the company completed the first ever drilling into the property's Monte Carlo zone. The company narrowed drill targets at Monte Carlo with trenching in 2016. One trench dug at this 1,400- by 350-meter...
Goldstrike Resources Ltd. May 16 announced plans to spin its six properties in Yukon's White Gold District, Yukon into a subsidiary to be known as Luckystrike Resources Ltd. Goldstrike said shifting the White Gold District properties into a separate public company will position these gold assets to be valued on a standalone basis and will allow Goldstrike management to focus on that company's strategic partnership with Newmont Mining Corp. on the Plateau gold property. "We...
Goldcorp Inc. and Tr'ondëk Hwëch'in May 1 announced a collaboration agreement that represents a landmark in the development of a mine at Goldcorp's Coffee gold project in Yukon's White Gold District. "Through strong collaboration, mutual commitments and respect for each other, together, we can create shared value with mutual benefits through all stages of Coffee's mine life," Goldcorp President and CEO David Garofalo said. A significant milestone towards building a long-term r...
Alexco Resource Corp. May 2 reported the completion of the Bermingham underground exploration decline and is preparing for an initial 5,000 meters of infill and exploration drilling in and around the upper portion of this very high-grade silver deposit at its Keno Hill Silver District project in the Yukon. This upper portion being targeted with infill drilling contains an estimated 110,000 metric tons of potentially mineable ore with an estimated head grade of 1,560 grams per...
Goldstrike Resources Ltd. April 30 reported that Newmont Mining Corp. is funding up to 10,000 meters of drilling at the expansive Plateau gold property in the Yukon. Early last year, Newmont cut a C$53 million deal to earn up to a 75 percent stake in the expansive and gold-rich Plateau property by paying Goldstrike C$8 million and investing C$38.8 million to explore the gold property over the next decade. The agreement included a C$6 million private placement financing under...
