The mining newspaper for Alaska and Canada's North

Articles from the May 3, 2024 edition

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  • Picture of a 23.15-carat fancy intense yellow diamond from Ekati mine.

    Burgundy starts year with bountiful quarter

    A.J. Roan, Mining News|Updated May 9, 2024

    11% increase in carats sold, will include a 23.15 fancy intense yellow diamond to appear in Dubai for second quarter. Burgundy Diamond Mines Ltd. April 28 announced the first quarter results from the Ekati diamond mine in Northwest Territories, Canada, marking the beginning of a first full year the mine will be in production under Burgundy's banner. Finalizing its acquisition of Ekati in early July 2023, Burgundy Diamond Mines has been growing its presence in Canada, as the...

  • A drill tests for high-grade gold on summer day in Interior Alaska.

    Pogo mine gold reserves drop slightly

    Shane Lasley, Mining News|Updated May 9, 2024

    Northern Star drills high-grade gold in East Deep deposit at SE end of underground development. Northern Star Resources Ltd. May 2 reported a slight drop in gold reserves and resources at its Pogo mine in Alaska. According to the new calculation, Pogo hosts 9.99 million metric tons of indicated resource averaging 9.8 grams per metric ton (3.14 million ounces) gold and 10.5 million metric tons of inferred resource averaging 10.5 g/t (3.43 million oz) gold. This overall mineral...

  • Aerial view of 50-person exploration camp and drill core storage in Northern BC.

    Teck rents Northern BC camp from ZincX

    Shane Lasley, Mining News|Updated May 9, 2024

    5-person camp will serve as headquarters for 2024 exploration at Teck, Korea Zinc's Cirque project. ZincX Resources Corp. April 30 announced that Teck Resources Ltd. is renting its Akie camp to support mineral exploration in Northern British Columbia. The Akie camp was established to support exploration along ZincX's expansive land package that includes 11 zinc exploration properties covering a 140-kilometer- (87 miles) long stretch of the Kechika Trough in northcentral B.C....

  • Closeup of a female geotechnician logging core from drilling at Ranch.

    Thesis rolls out 4M oz gold-eq resource

    Shane Lasley, Mining News|Updated May 9, 2024

    First-ever Ranch-Lawyers combined resource will serve as basis for a PEA that outlines preliminary mine plan for merged Northern B.C. properties. Thesis Gold Inc. May 1 reported that its Lawyers and Ranch properties in Northern British Columbia now host a combined 82 million metric tons of measured and indicated resources averaging 1.11 grams per metric ton (2.92 million ounces) gold and 31.9 g/t (84 million oz silver, or 4 million oz gold-equivalent). "Today's combined...

  • Snowline geologist taking rock samples at the company’s Rogue property.

    Snowline unearths promising new targets

    A.J. Roan, Mining News|Updated May 9, 2024

    Surprises with four new RIRGS targets, three on its flagship Rogue project, and one on Cynthia. Snowline Gold Corp. May 2 announced the discovery of three new reduced intrusion related gold system (RIRGS) targets at the company's flagship Rogue project in Yukon, Canada, as well as an additional RIRGS target at the adjacent Cynthia project, for a total of four new prospects that could rival its leading Valley target. "While consistent drill results have dominated our...

  • A wintery landscape near Sitka Gold’s RC Gold project in Yukon.

    First 2024 hole strikes gold for Sitka

    A.J. Roan, Mining News|Updated May 9, 2024

    Returns 191 meters averaging 1.16 g/t gold; company also announced 100% acquisition of RC and BeeBop properties. Sitka Gold Corp. May 1 announced the first hole from its 2024 drill campaign has struck gold, intersecting 191 meters averaging 1.16 grams per metric ton gold, which confirms the high-grade mineralization discovered the previous year. "The results from Hole 57 are very significant as they confirm that the higher-grade gold mineralization discovered in Hole 47 last y...

  • Snowy mountain ridge near Seabridge Gold’s 3 Aces project in Yukon.

    Seabridge fired up for 2024 exploration

    A.J. Roan, Mining News|Updated May 9, 2024

    Company excited to test new model and determine extent of 3 Aces toward future resource estimate. Seabridge Gold Inc. May 1 announced that preparations are underway at its 3 Aces project in Yukon, Canada, which aims to expand on the comprehensive exploration model that was successfully confirmed last season. Lying alongside the Nahanni Range Road, 3 Aces is a road-accessible project that covers 357 square kilometers (138 square miles) of high-grade gold discoveries and targets...

  • A drill tests for gold on a steep slope in front of a snow-capped mountain.

    Contango and HighGold strike merger deal

    Shane Lasley, Mining News|Updated May 9, 2024

    Buyout will bring Johnson Tract into Contango Ore's pipeline of high-quality Alaska gold mine projects. In a deal that brings three high-quality Alaska gold projects into a single portfolio, Contango ORE Inc. has entered into a definitive agreement to acquire HighGold Mining Inc. in an all-shares deal valued at roughly $37 million (C$55 million). "The combination of HighGold and Contango makes a tremendous amount of strategic sense for both sets of shareholders – it is a t... Full story

  • Aerial view of the mill and other facilities at Red Dog during the winter.

    Red Dog off to a strong start in 2024

    Shane Lasley, Mining News|Updated May 9, 2024

    Northwest Alaska mine produces 319.7 million lb of zinc during the first three months of the year. Teck Resources Ltd. April 25 reported that its Red Dog mine produced 145,000 metric tons (319.7 million pounds) of zinc and 25,400 metric tons (55.8 million lb) of lead during the first quarter, which puts the Northwest Alaska operation on pace to come in at the upper end of the company's annual production projections for both metals. Red Dog's first-quarter zinc output is about...

  • Aerial view of a large Canadian Arctic mining complex during the winter.

    Agnico's Nunavut mines start 2024 strong

    Shane Lasley, Mining News|Updated May 9, 2024

    Meliadine and Amaruq produce 223,500 oz gold; company encouraged by Hope Bay drill results. For Agnico Eagle Mines Ltd., the remote but highly mineralized territory of Nunavut offers high rewards, as long as the high risks that come with building and operating mines in Canada's remote North are managed. Given the nearly 900,000-ounce-of-gold-per-year pace of production at its Meliadine and Amaruq mines so far this year, coupled with new gold discoveries that bode well for its...