The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 551 - 572 of 572
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...
ATAC Resources Ltd. March 5 reported that the Yukon government and the First Nation of Na-Cho Nyak Dun have filed a joint document that allows the company to move forward with its plans to build a 65-kilometer (40 miles), private, all-season tote road to the Tiger gold deposit at the western end of the company's expansive Rackla property in the Yukon. The proposed tote road would branch off the Hanson Lake Road west of Keno City and is envisioned as a gated, single-lane and...
Golden Predator Mining Corp. Feb. 13 announced the completion of an C$8.38 million overnight marketed offering, a financing that will help fund continued ongoing exploration at the company's 3 Aces gold project in southeastern Yukon. As part of the financing, Golden Predator issued 9.21 million flow-through units at a price of C91 cents per flow-through unit. Each unit consists of one Class A common share and half of a purchase warrant, with each full warrant exercisable into...
Capstone Mining Corp. Feb. 14 announced that it is selling its Minto copper mine in the Yukon to Great Britain-based Pembridge Resources plc. Under the terms of the definitive share purchase agreement, Capstone will receive US$37.5 million in cash, plus working capital adjustments, and common shares representing 9.9 percent of the issued and outstanding shares of Pembridge upon completion of the transaction. "The divestiture of Minto will allow us to focus our resources on...
ATAC Resources Ltd. Jan. 6 reported high-grade gold, silver, zinc and copper from sampling of the Rau project at the western end of the company's expansive Rackla Gold property in the Yukon. The Rau property covers a 12.5-mile trend of metals deposits and prospects that include: Tiger, carbonate replacement style deposit with 5.68 million metric tons of measured and indicated resources averaging 2.66 grams per metric ton (485,700 ounces) gold; Airstrip, a large gold anomaly ab...
Benz Mining Corp. Jan. 30 said it plans to complete 14,000 meters of drilling during its 2018 exploration and resource upgrade program at the Mel zinc-lead-barite project in southeastern Yukon. The Mel Main zone hosts 5.28 million metric tons of inferred resource averaging 6.51 percent zinc, 1.86 percent lead and 45 percent barite (BaSO4). The company is looking into the potential of marketing the barite, which is a major component and the weighting agent used in drilling mud...
White Gold Corp. Jan. 19 reported that results from the final 13 holes drilled at its White Gold property in 2017 confirm the continuity of the Golden Saddle and Arc deposits, and indicate the gold potential beyond the current resource area. Since acquiring the White Gold property in June, the company completed 31 reverse circulation holes; four diamond drill holes; extensive geophysical and geochemical surveys; and detailed mapping across this iconic Yukon gold property....
Golden Predator Mining Corp. Jan. 16 reported results from 43 “grade control” holes drilled at its 3 Aces project in southeast Yukon, including the highest grade gold encountered with drills on the property. These holes were designed to investigate close-space variability in three different areas of the project’s Spades zone to prepare for resource delineation drilling across the central core area – a 13.5-square-kilometer (5.2 square miles) section of the 3 Aces property that hosts several high-grade gold zones – later this...
ATAC Resources Ltd. Jan. 17 said Barrick Gold Corp.'s 2017 exploration program on the Orion project show that Carlin-style gold mineralization this property is known for extends well beyond the surface indicators. Orion, which blankets a 780-square-kilometer (301 square miles) section in the middle of ATAC's roughly 185-kilometer- (115 miles) long Rackla Gold property in the Yukon, is subject to a C$55 million earn-in agreement with Barrick. As part of the earn-in...
Goldstrike Resources Ltd. Jan. 17 reported that the final hole of its 2017 drill campaign at the Lucky Strike property in Yukon's White Gold District cut 7.73 meters averaging 3.04 grams per metric ton gold. Early staged exploration has identified five large gold-in-soil anomalies – Monte Carlo, Belmont, Samson, Boss and Maverick – along a 10-kilometer- (6 miles) corridor running across the property. Monte Carlo, discovered in 2016, was the primary focus of the 2017 pro...
Wellgreen Platinum Ltd. Jan. 8 announced that it is changing its name to Nickel Creek Platinum Corp., part of a rebranding aimed to reflect a new direction for the company and the uniqueness of its asset, which is one of the largest undeveloped nickel sulfide and Platinum Group Metals (PGM) deposits in North America. "We are thrilled to complete our corporate rebranding to Nickel Creek Platinum, a name which reflects our company's significant endowment of nickel and PGMs, part...
Golden Predator Mining Corp. Jan. 10 said results from 42 reverse circulation holes drilled last year continue to confirm high-grade gold mineralization and near surface bulk tonnage type mineralization at the Diamonds, Clubs and Lower Hearts zones on the company's 3 Aces Project in southeastern Yukon. Highlighted intercepts from these holes include 2.29 meters of 35.72 grams per metric ton gold from a depth of 5.33 meters in hole 3A17-287, drilled in the Lower Hearts zone;...
Alexco Resource Corp. Dec. 29 said the Yukon Water Board has issued an amendment to the company's Water Use License for the development and operation of an underground mine at the Flame & Moth deposit on Alexco's Keno Hill Silver District property. "Receipt of this license amendment is a milestone in our journey toward mine operations and has involved the cooperation and support of our many stakeholders and partners, including the First Nation of Nacho Nyak Dun," said Alexco C...
