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Articles from the February 14, 2016 edition

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  • NovaCopper budgets US$5.5M to continue Arctic prefeasibility

    Shane Lasley|Updated Feb 14, 2016

    NovaCopper Inc. Feb. 8 reported that it has budgeted US$5.5 million for its 2016 program at the Upper Kobuk Mineral Projects in northwestern Alaska. Like the 2015 program, which was similar in size and scope, this year's work will focus primarily on collecting data to inform a prefeasibility study for Arctic, a volcanogenic massive sulfide deposit that is rich in copper, zinc, silver and gold. This year's program is expected to include additional drilling at Arctic;... Full story

  • BC hopes delaying power bills will keep mines' lights on

    Shane Lasley|Updated Feb 14, 2016

    British Columbia Minister of Energy and Mines Bill Bennett reported that the province is allowing mining companies to temporarily defer a portion of their hydro bills, an action aimed at keeping thousands of British Columbia's metal and coal mines workers on the job during the current slowdown in the sector due to low commodity prices. "Rural communities across B.C. depend on the high-paying jobs that their mines provide residents," said Bennett. "We are in the midst of a...

  • Ongoing low copper price forces Huckleberry to suspend milling

    Shane Lasley|Updated Feb 14, 2016

    Imperial Metals Corp. Feb. 5 said the Huckleberry Mine in western British Columbia will be placed on care and maintenance until there is an improvement in the price of copper. Huckleberry Mines Ltd., the company that owns and operates the copper mine, has notified employees that operations will be suspended once the stockpiles have been milled, which is expected to happen around the end of August. Imperial said the ongoing low copper price has forced Huckleberry to make this...

  • Atac prepares to permit road to Tiger; drill two new Rackla gold zones

    Shane Lasley|Updated Feb 14, 2016

    Atac Resources Ltd. said its first phase of exploration in 2016 at the Rackla gold project in the Yukon Territory will focus on drilling new targets in both the Rau and Nadaleen trends. The company is also preparing to permit a 69-kilometer (43 miles) road to the Rau trend and optimize the Tiger gold project found there. A 2014 preliminary economic assessment for Tiger envisions a seasonal open-pit mine that would produce 221,558 ounces of gold from 2.06 million metric tons...

  • Sabina to permit, optimize, explore Back River in 2016

    Shane Lasley|Updated Feb 14, 2016

    Sabina Gold & Silver Corp. Feb. 3 posted a budget of up to C$11 million for a 2016 work program at its Back River gold project in western Nunavut. The company said its base budget for 2016 is C$7 million with an additional discretionary spending budget of up to $4 million which will be fully funded from the existing treasury. The base budget includes funding of activities to advance Back River through completion of the environmental assessment phase as well as utilizing...

  • Early start at Tetlin

    Shane Lasley, Mining News|Updated Feb 14, 2016

    While many mining companies continue to scale back programs on their promising mineral exploration projects, Royal Gold and Contango Ore are expanding the extent of their work at Tetlin. This year, the partners have launched the first-ever winter drill program at this high-grade gold-copper project located near Tok, an eastern Alaska community at a junction of highways that lead to Fairbanks and Anchorage. Neither of these companies are your prototypical mineral explorer -... Full story