The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 5 of 5
Strong metals prices and a pro-jobs businessman who vows to inject “new American metal into the spine of this country” preparing to set up his office in the White House bodes well for Alaska’s mining sector going into 2017. While a renaissance of Alaska’s mining sector may not be at the top of President-elect Donald Trump’s to-do list, pouring coal on the fire of America’s economic engine – both literally and figuratively – is. The figurative coal important to Alaskan miners...
TerraX Minerals Inc. Dec. 21 posted results from surface mapping and prospecting on the Southbelt property of the Yellowknife City Gold Project. Southbelt is about five kilometers (three miles) south of the city of Yellowknife and extends from the mine leases of the historic Con Mine, where more than 6 million ounces of gold was produced duringr a 60 year mine life. TerraX says extensions of several mineralized trends previously mined at Con, including the namesake Con Shear, which appears to extend up to five kilometers...
IDM Mining Ltd. Dec. 21 said it has entered into a non-binding letter of intent to sell its extensive portfolio of Yukon properties to StrikePoint Gold Inc., a Vancouver, B.C.-based exploration company with gold properties in Ontario and Manitoba. The Yukon portfolio to be vended to StrikePoint includes 282,000 hectares (696,800 acres) of Yukon mining claims IDM acquired from Oban Mining Corp. late in 2015. This extensive portfolio consists of 51 properties previously held by Ryan Gold Corp. "StrikePoint is very enthusiastic...
AuRico Metals Inc. Dec. 23 announced that it has entered into a definitive agreement to acquire all of the issued and outstanding securities of Kiska Metals Corp. Under the terms of the agreement, Kiska shareholders will receive 0.0667 AuRico common shares and C1.6 cents in cash for each Kiska share held. Based on AuRico's Dec. 22 closing share price, this values the Kiska shares at roughly C7.8 cents each, or roughly a 95 percent premium to Kiska shares on Dec. 22. The total value of this arrangement is about C$9.6 million....
Auryn Resources Inc. Dec. 22 provided preliminary exploration plans for its Committee Bay gold project in Nunavut and recently acquired Homestake gold project in northwestern British Columbia. During its 2016 field season, Auryn identified 17 significant gold-in-till anomalies that represent large-scale mineralized systems across the 300-kilometer-long (185 miles) greenstone belt at Committee Bay. Nine of these gold-in-till anomalies were identified in the southwest region of the Committee Bay project. Anuri, a 20-kilometer-l...
