The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Tesla Motors is on the cusp of unveiling its Model 3, an affordable mid-size sedan that is the key to the company's goal of producing 500,000 all-electric vehicles per year by 2017 – welcome news for those who want to own a Tesla but can't afford the two more luxurious models released by the company. A half-million Teslas rolling off of assembly-lines each year also could be good news for Graphite One Resources Inc., a junior mining company aspiring to supply some of the rough...
Skeena Resources Ltd. March 23 reported the signing of an agreement with Barrick Gold to acquire the historic high-grade Snip gold mine in northwestern British Columbia, an operation that produced roughly 1 million ounces of gold from ore averaging 25 grams per metric ton gold. Under terms of the agreement, Skeena may acquire a 100 percent interest in the Snip property by: issuing up to 3.25 million Skeena shares to Barrick; investing C$2 million on Snip within the first 30 months of the agreement, including C$500,000 within...
Millrock Resources Inc. March 21 said it has assumed an option agreement on the Lord Nelson Tenures in northwestern British Columbia from Geofine Exploration Consultants. Also known as the LNT property, these mineral tenures are owned by Teuton Resources Corp. and have been under option to Geofine since 2010. Situated immediately to the south of Millrock's Poly property, LNT sits at a juncture between the Del Norte mineralized trend to the south and a volcanogenic massive sulf...
Klondike Gold Corp. March 18 said it plans to complete 1,500 meters of drilling in 20 shallow holes during an initial phase of 2016 exploration at its Lone Star and Dominion properties near Dawson City, Yukon Territory. The C$350,000 program also will include geophysics, soil geochemistry, trenching, prospecting and mapping to advance additional target areas for future drilling. Field work is expected to begin in April with drilling planned to start in June. Based upon its...
Kennady Diamonds Inc. March 17 said exploration drilling at its Kennady North diamond project in Nunavut has encountered a third kimberlite body at the high-grade Faraday kimberlite cluster. Following the completion of ice-based infill drilling at the Faraday 1 kimberlite, the rig was moved to a geophysical target some 80 meters to the southwest where indications of the presence of kimberlite were discovered during the winter. Three exploration holes have been completed at the Faraday 3 discovery within the past week with...
As in the recent past, the state of the world's exploration industry was summarized in SNL Metal & Mining's annual "Corporate Exploration Strategies" publication, released at the Prospectors and Developers Association of Canada convention in Toronto earlier this month. Not surprisingly, it painted a grim picture of 2015, the worst year for exploration since 2009. The statistics indicate that worldwide exploration expenditures declined a further 19 percent to $9.2 billion...
