The mining newspaper for Alaska and Canada's North

Articles from the April 21, 2023 edition

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  • Smartphone displaying Glencore’s metals and minerals webpage.

    Glencore takes offer to Teck shareholders

    Shane Lasley, Mining News|Updated Apr 27, 2023

    Glencore says it is willing to cut a deal directly with shareholders if a planned split of Teck's metal, coal assets is stopped. With Teck Resources Ltd.'s board of directors and management refusing to consider its roughly US$22.5 billion (C$30.3 billion) merger proposal, Glencore is taking its increasingly aggressive takeover bid directly to the diversified Canadian mining company's shareholders. "Glencore is willing to make an offer directly to Teck shareholders if the...

  • Northern lights above a rig drilling at night at a gold mine project in Nunavut.

    B2Gold completes C$1.1B Sabina buyout

    Shane Lasley, Mining News|Updated Apr 27, 2023

    B2Gold Corp. April 19 completed a C$1.1 billion (US$820 million) acquisition of Sabina Gold & Silver Corp. and that company's Back River gold project in Nunavut. The district-scale Back River project includes five claim blocks along an 80-kilometer (50 miles) belt in the Kitikmeot region of western Nunavut. The most advanced project at Back River is Goose, a fully permitted, construction-ready mine project that is slated to produce 3.34 million oz of gold over 15 years of...

  • Minto Mine open pit during a frosty day in Yukon, Canada.

    Minto Mine ready for spring melt waters

    A.J. Roan, Mining News|Updated Apr 27, 2023

    Yukon Minister of Energy, Mines and Resources John Streicker April 18 announced that Minto Metals Corp. has been issued an inspector's direction to take action to prevent overfilling of the tailings storage facilities at its Minto copper mine during the spring snowmelt. Located within the traditional territory of the Selkirk First Nation in the Minto Copper Belt of the Yukon, the Minto Mine has been in operation since 2007, with underground mining commencing in 2014. Over the...

  • Violet flowers grow out of rocks in front of drill testing for gold at Cassiar.

    Cassiar South 2022 objectives achieved

    Shane Lasley, Mining News|Updated Apr 20, 2023

    Cassiar Gold Corp. April 20 reported assay results from 13 holes drilled at Cassiar South, a historically mined high-grade gold area on the company's namesake project in British Columbia. Situated about 55 miles (90 kilometers) southwest of Watson Lake, Yukon, the 145,800-acre (59,000 hectares) Cassiar gold property is divided into two areas – Cassiar North, which hosts the bulk tonnage Taurus gold deposit, and Cassiar South, which hosts multiple high-grade gold targets. While...

  • A more than 100-foot-wide body of white pegmatite in a northern boreal forest.

    Li-FT signs MOU with NWT First Nation

    Shane Lasley, Mining News|Updated Apr 20, 2023

    Li-FT Power Ltd. April 19 announced that it has entered into a preliminary agreement with the Yellowknives Dene First Nation ahead of a 42,000-meter drill program that it plans to carry out this year on its newly assembled Yellowknife Lithium project about 60 kilometers east of Yellowknife, Northwest Territories. Li-FT is a new junior exploration company formed early last year that is focused on lithium, a metal that is in high demand due to its use in the batteries powering...

  • A drill pad along a snowy slope in Cantex’s North Rackla property.

    Drilling extends mineralization for Cantex

    A.J. Roan, Mining News|Updated Apr 20, 2023

    Cantex Mine Development Corp. April 13 announced an update for its North Rackla claim block in Canada's Yukon, reporting results from the latest 21 holes from the company's 2022 drill program. North Rackla was generated from a 30,000-square-kilometer (11,583 square miles) regional heavy mineral sampling program and was discovered in an area favorable for Carlin-style mineralization similar to ATAC Resources Ltd.'s Osiris deposit in 2010. During 2022, Cantex tested three...

  • Side-by-side photos of highly mineralized veins at the Falcon target in BC.

    Core extends gold-silver target at Blue

    Shane Lasley, Mining News|Updated Apr 19, 2023

    Core Assets Corp. April 18 reported that its 2022 sampling has extended mineralization at the Falcon target, a vein-hosted gold-silver occurrence associated with the Silver Lime project on the company's Blue property in Northern British Columbia. "In addition to the high-grade carbonate replacement occurrences discovered and sampled at the Silver Lime CRD-Porphyry Project, many historical and new high-grade vein-hosted occurrences were located and extended in 2022," said Core...

  • Geologists stand on slope and discuss geology of Nickel Shaw project.

    Nickel Creek assays confirm continuity

    A.J. Roan, Mining News|Updated Apr 15, 2023

    Nickel Creek Platinum Corp. April 11 announced the latest results from its 2022 drilling and geophysics program at the Arch target on the company's Nickel Shaw project, which successfully extended mineralization at depth and along strike at this Yukon nickel-copper project. According to a 2018 resource estimate, Nickel Shaw hosts 323.4 million metric tons of measured and indicated resource averaging 0.26% (1.9 billion pounds) nickel, 0.16% (1.1 billion lb) copper, 0.015% (107...