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Articles from the May 22, 2016 edition

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  • Protecting state waters

    Shane Lasley, Mining News|Updated Jan 26, 2018

    Alaska’s congressional delegation is once again eliciting greater Obama Administration involvement in the potential development of numerous mines being considered on northwestern British Columbia waterways that drain through Southeast Alaska. “Like most Alaskans, we strongly support responsible mining, including mines in Southeast Alaska, but Alaskans need to have every confidence that mining activity in Canada is carried out just as safely as in our state,” the trio of Alask... Full story

  • Raintree West delivers additional gold-copper resource to Whistler

    Shane Lasley|Updated May 22, 2016

    Brazil Resources Inc. May 17 reported an inaugural mineral resource estimate for the Raintree West deposit at its Whistler copper-gold project, located about 95 miles (150 kilometers) northwest of Anchorage, Alaska. Located 1,500 meters east of the Whistler deposit, Raintree West is one of several porphyry centers identified on the district-scale Raintree property. The Raintree West deposit has been subdivided into two zones: A, a block-cave zone that extends from a depth of...

  • Growing copper resources outlined in Bornite report

    Updated May 22, 2016

    NovaCopper Inc. May 16 filed a National Instrument 43-101-compliant technical report that describes 913 million pounds of indicated copper and 5.45 billion lbs. of indicated copper identified, so far, at the Bornite project in Northwest Alaska. This marks a 410 percent increase in indicated copper and 517 percent increase in inferred copper since NovaCopper had its first resource calculated for Bornite in 2012. At a 0.50 percent copper cut-off grade, Bornite is estimated to contain 40.5 million metric tons of in-pit...

  • Rockhaven aims to improve Klaza PEA in 2016

    Shane Lasley|Updated May 22, 2016

    Rockhaven Resources Ltd. May 17 said its 2016 exploration at the Klaza gold-silver property, located in the Dawson Range Gold Belt of southern Yukon Territory, will include 8,000 meters of drilling and metallurgical test work. "The 2016 program is designed to increase the value of the Klaza project through resource expansion, improved processing and new discoveries," explained Rockhaven CEO Matt Turner, Rockhaven's CEO. The work will focus on enhancing the base case...

  • Drilling planned for historic, high-grade Snip Mine

    Shane Lasley|Updated May 22, 2016

    Skeena Resources Ltd. May 17 unveiled plans for a 3,000-meter drill program at its recently acquired Snip gold property in northwestern British Columbia. Snip historically hosted a high-grade underground mine that produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per metric ton gold. The mine began production in 1991 and operated until 1999, when high operating costs, exhaustion of economic reserves, and the US$300/oz. price of gold...

  • Independence to expand White Gold portfolio

    Shane Lasley|Updated May 22, 2016

    Independence Gold Corp. May 17 outlined plans to acquire up to a 100 percent interest in the Rosebute gold property from Taku Gold Corp. Located 58 kilometers south of Dawson City, Yukon Territory, and immediately west of Independence's Henderson property, Rosebute encompasses two gold discoveries known as the Norwest and Hudbay zones. The Norwest Zone - located in the northern portion of the 14,387-hectare (35,550 acres) property - is defined by three gold-in-soil anomalies...

  • Olive-Shamrock grades, recoveries look good

    Shane Lasley|Updated May 22, 2016

    Victoria Gold Corp. May 16 released the first metallurgical column test results and heap leach kinetics for the Shamrock zone of its Eagle Gold project in the Yukon Territory. Completed by Kappes Cassidy & Associates, the first column leach test work for Shamrock resulted in a recovery of 88 percent gold at a crush size of P(100) 9.5 millimeters and 83 percent gold recovery at P(100) 75 millimeters crush size after only 43 days of leaching. Material for the column test was tak...

  • TerraX raises C$2.1M for summer drilling

    Shane Lasley|Updated May 22, 2016

    TerraX Minerals Inc. May 16 reported the closing of the final tranche of a private placement with the issuance of a further 2,804,000 units at C35 cents per unit for gross proceeds of C$981,400, increasing the aggregate gross proceeds raised in two tranches to C$2,112,250. Each unit will be comprised of one common share and one-half of one share purchase warrant, with each full warrant entitling the holder to purchase an additional common share at C50 cents per share until...

  • Homestake buys royalty on namesake project

    Shane Lasley|Updated May 22, 2016

    Homestake Resource Corp. May 16 agreed to purchase from Teck Resources Ltd. a 2 percent net smelter return royalty on mineral claims forming a portion of the Homestake Ridge property in northwestern British Columbia. Teck also held rights to purchase another 2 percent NSR on other mineral claims from its holder for C$1million within 60 days from start of commercial production from the claims. Homestake also has acquired this right of purchase, ensuring that those claims would...

  • Goldcorp makes a move in Yukon; to buy Kaminak

    Shane Lasley|Updated May 22, 2016

    Kaminak Gold Corp. May 12 reported that Goldcorp Inc. has agreed to acquire the junior mining company in an all-share transaction. The total consideration offered for the Kaminak shares is roughly C$520 million. "This acquisition is consistent with our strategy of partnering with junior exploration companies to identify and develop mining districts with significant exploration potential that is expected to grow our net asset value per share," said Goldcorp President and CEO... Full story