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 562
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...
Nickel Creek Platinum Corp. April 25 said the second phase of its metallurgical program on the Nickel Shäw (formerly Wellgreen) project in southwestern Yukon is advancing into mini pilot plant testing. The company, previously known as Wellgreen Platinum, said the phase II metallurgical program is the most in-depth and comprehensive analytical undertaking that has ever been applied to Nickel Shäw. This work, which began in September, initially focused on flowsheet o...
Victoria Gold Corp. April 16 announced that it received an initial C$174 million of a C$505 million financing package the company put together for the development of the Eagle Gold Mine project on its Dublin Gulch property in the Yukon. This financing package involves two credit facilities totaling US$175 million (roughly C$220 million); a private placement of Victoria common shares to two separate subscribers for a total of C$125 million; a C$98 million royalty financing;...
Rockhaven Resources Ltd. April 18 reported that the latest results from ongoing metallurgical work returned improved gold recoveries from several of the mineralized zones at its road accessible Klaza property in southern Yukon. These zones will be the focus of an updated mineral resource estimate that will incorporate the results from roughly 20,000 meters of additional expansion and in-fill drilling completed over the last couple of years. "We are extremely excited about the...
K2 Gold Corp. April 12 said a recent re-interpretation of geochemical and geophysical data suggest the potential for a larger gold system than previously envisioned at Wels, a western Yukon property about 30 miles (50 kilometers) east of the Alaska-Yukon border. "I am very encouraged at the increased size of the mineralization footprint at Wels and the potential for a large-scale discovery," said K2 Gold President and CEO Stephen Swatton. Re-interpretation of the existing rock...
ATAC Resources Ltd. April 4 outlined plans for roughly 20,000 meters of drilling at the Rackla Gold property in the Yukon. At roughly C$13 million, this program included a C$6 million investment by Barrick Gold Corp. for exploring the Orion gold project at the center of the massive Rackla property and C$7 million from ATAC, which will explore Osiris and Rau, located on the east and west ends of Rackla, respectively. "We are excited to get started on what will be the largest...
Klondike Gold Corp. March 19 announced plans for a C$2.5 million exploration program at its Klondike District gold property near Dawson City, Yukon. The company's 527 square kilometers (203 square miles) of mining claims blanket a 55-kilometer- (34 miles) long swath of the Klondike Gold District, which has produced more than 20 million ounces of placer gold since the stampede to the legendary mining district in 1898. Designed to systematically test for gold mineralization...
Fireweed Zinc Ltd. March 27 reported that it has cut deals with Constantine Metal Resources Ltd. and Carlin Gold Corp. and Golden Ridge Resources Ltd. that significantly expands its land position in the Macmillan Pass Zinc District of eastern Yukon. Fireweed Zinc Ltd., a new exploration company, is focused on advancing the Jason and Tom zinc-lead-silver deposits at its Macmillan Pass property. Together, Jason and Tom host 11.21 million metric tons of indicated resource...
Banyan Gold Corp. March 22 announced an expansion of the Main Zone deposit at its Hyland Gold project about 45 miles (74 kilometers) east of Watson Lake in southeastern Yukon. Hyland now hosts 8.6 million metric tons of indicated resource averaging 0.74 grams per metric ton (216,000 ounces) gold and 7.04 g/t (1.95 million oz) silver; and 10.8 million metric tons of inferred resource averaging 0.77 g/t (266,000 oz) gold and 5.32 g/t (1.85 million oz) silver. "Banyan is...
Alexco Resource Corp. April 14 provided an update on its progress towards the resumption of mining the high-grade deposits at its Keno Hill Silver District project in the Yukon. Alexco began commercial production at Keno Hill early in 2011 but suspended operations in 2013 due to the weakness in silver prices. Since shutting down production, the Vancouver, B.C.-based company has continued exploration of the high-grade silver deposits on its property, which blankets a district...
Victoria Gold Corp. March 5 announced that it has signed paperwork with Orion Mine Finance, Osisko Gold Royalties Ltd. and Caterpillar Financial Services Ltd. that pulls together a roughly C$505 million financing package – enough to complete development of the Eagle Gold Mine project on its Dublin Gulch property in the Yukon. This financing package involves two credit facilities totaling US$175 million (roughly C$219 million); a private placement of Victoria common shares t...
