The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 8 of 8
Fortune Minerals Ltd. May 7 announced that it continues to make progress on a new mine plan for its Nico cobalt-gold-bismuth-copper project in Northwest Territories during the coronavirus pandemic. The company said it is complying with government COVID-19 protocols, including temporary closure of its head office in Ontario, prohibiting non-essential travel and social distancing. Working from home, Fortune employees, with some assistance from engineering consultants, continue...
Skeena Resources Ltd. May 5 reported the final assay results from the 4,327 meters of drilling completed so far this year at the Eskay Creek gold-silver project in the Golden Triangle region of Northwest British Columbia. In February, Skeena launched a 2020 phase I program that is expected to include 28,000 meters of drilling at Eskay Creek. The company completed the first 4,237 meters prior to COVID-19 restrictions. Initial results from this early program, which were released...
Freegold Ventures Ltd. April 6 announced that winter drilling at Golden Summit has encountered what appears to be an extension of the vein system that fed ore to the historic Cleary Hill Mine, which produced 281,000 ounces of gold from ore averaging 1.3 oz per ton before the operation was shuttered during World War II. The first hole of the winter program, GSDL2001, cut 188 meters averaging 3.69 grams per metric ton gold from a depth of 360 meters. The bottom 20 meters of...
Contango ORE Inc. May 6 announced that management of the Peak Gold joint venture – Contango ORE (60%) and Royal Gold Inc. (40%) – has decided to postpone exploration on the Tetlin gold project in eastern Alaska in order to protect the health of workers and stakeholder during the COVID-19 outbreak. "These are certainly difficult times for everyone, and our primary concern is to ensure that our employees, contractors and community members remain safe and healthy," said Con... Full story
Grande Portage Resources Ltd. May 7 said it plans to move ahead with 2020 exploration at its Herbert gold project near Juneau, Alaska and is taking the necessary steps to organize for a drill program slated to get underway in July. "We're looking forward to proceeding on schedule with 2020 drill program and further demonstrating the potential at the Herbert gold project," said Grande Portage Resources President and CEO Ian Klassen. The company has already received its drill...
The Hope Bay gold mine will come under Chinese ownership with the finalization of a deal that would see Shandong Gold Mining Co. Ltd. buy full ownership of TMAC Resources Inc., the current owner and operator of the gold operation in the Kitikmeot region of northwest Nunavut. Under a definitive agreement announced on May 8, Shandong Gold Mining (HongKong) Co., an overseas subsidiary of the state-owned Chinese gold mining company, will pay roughly US$149 million (C$208 million)...
COVID-19 has not affected gold output at Kinross Gold Corp.'s Fort Knox Mine but did contribute to higher production costs at the open-pit operation in Alaska during the first quarter of this year. During the first three months of 2020, Fort Knox produced 51,667 ounces of gold, which is slightly less than the 53,183 oz of produced during the previous quarter but a roughly 37% jump over the 37,613 oz of gold produced at the Interior Alaska mine during the first quarter of... Full story
Margaux Resources Ltd. plans to utilize GoldSpot Discoveries Corp.'s expertise in machine learning to leverage extensive geoscience data that has been collected through decades of exploration and production at Margaux' Cassiar gold project in northern British Columbia. Ultimately, the collaboration with GoldSpot announced by Margaux on May 4 is intended to identify and assess high-quality near-mine and regional gold exploration targets that minimize exploration risk. The...
