The mining newspaper for Alaska and Canada's North

Articles from the October 30, 2016 edition

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  • Higher Tetlin peaks

    Shane Lasley, Mining News|Updated Feb 5, 2018

    Peak Gold is raising the bar for high-grade gold deposits in Alaska. In fact, the gold grades this joint venture has reported from summer drilling at its Tetlin project in eastern Interior Alaska are so remarkable that near-surface, minable widths of quarter-ounce-per-metric-ton-gold cut at the project's Peak zones are overshadowed by numerous 13-meter-plus intercepts of more than 1.5 oz./t gold. One such example of this eclipsing effect can be found in TET16272, one of 19...

  • Where you sit depends on where you stand

    J. P. Tangen, Special to Mining News|Updated Feb 5, 2018

    I'll be the first to concede that the upcoming election is probably a done deal, and that for Alaskans, it is probably far more important that we do our best to ensure that Republican majorities continue in both houses of Congress; however, I have to share a certain feeling of sadness for the future if we are saddled with four (or more) years of business as usual in the White House. For most Alaskan-Americans, I believe that the incumbency has been an economic disaster....

  • TerraX names officers, wraps summer drilling

    Updated Feb 5, 2018

    TerraX Minerals Inc. Oct. 19 provided a corporate update that includes the appointment of new officers and an overview of the summer phase of a 27,000-meter drill program at its Yellowknife City Gold Project, just north of the capital of Northwest Territories. Following the company's annual general meeting on Oct. 18, the board of directors appointed Joseph Campbell as chairman and CEO. Prior to the appointment, Campbell was serving as president and CEO. Stuart Rodgers, who previously held the position of CFO, was appointed...

  • Darnley Bay buys past zinc-lead mine in NWT

    Updated Feb 5, 2018

    Darnley Bay Resources Ltd. announced Oct. 20 the signing of a letter of intent to acquire Tamerlane's Pine Point assets 42 kilometers (26 miles) east of Hay River, Northwest Territories out of receivership. Home to the historical Pine Point Mine, this property hosts 42 known zinc-lead deposits over a strike length of approximately 68 kilometers (42 miles), 10 of which have zinc-lead resources that meet NI 43-101 standards and are included in a technical report prepared for Tamerlane in 2014. Several of the remaining 32...

  • New junior options Grew Creek, Yukon

    Updated Feb 5, 2018

    Bravura Ventures Corp. said Oct. 24 it has entered into an option agreement to acquire up to a 90 percent interest in Golden Predator Mining Corp.'s Grew Creek gold property in southeastern Yukon. Golden Predator has invested roughly C$4.7 million on exploration at Grew Creek, including 19,000 meters of drilling in 70 holes, since 2010. Highlights from this work includes 68 meters of 5.96 grams per metric ton gold and 24.1 g/t silver in hole GCRC11-3281; 146.3 m of 1.72 g/t gold inGC10-0012; and 92 meters of 2.02 g/t gold in...

  • Goldcorp nabs stake in another Yukon explorer

    Updated Feb 5, 2018

    Arcus Development Group Inc. announced Oct. 24 that Goldcorp Inc. intends to participate in a non-brokered private placement which will give the major a 19.9 percent interest in the Yukon-focused gold explorer. The financing will involve 12,610,916 flow-through units to be sold at C10 each and 1,789,084 regular units to be sold at C7.7 cents each. Each unit will consist of one Arcus common share and half a transferable warrant that allows the holder to purchase an Arcus common share at C20 cents for a period of 24 months...

  • Gahcho Kué off to a brilliant start

    Updated Feb 5, 2018

    Mountain Province Diamonds Inc. provided its first quarterly production report Oct. 24 for the new Gahcho Kué diamond mine in the Northwest Territories. From the Aug. 1 start of ramp-up production to Sept. 30, the plant produced 198,000 carats of diamonds from roughly 130,000 metric tons of ore. Mountain Province, which holds a 49 percent joint venture interest in Gahcho Kué, owns roughly 97,000 carats from the quarterly production. Its partner in the mine, De Beers Canada, received the balance. The first sale of Mountain P...

  • Capstone seeks high-grade ore to delay closure of Minto mine

    Updated Feb 5, 2018

    Capstone Mining Corp. said Oct. 25 it is looking for new sources of high-grade ore that will allow the company to continue operations at its Minto copper mine in the Yukon through the end of 2017. Earlier this year, Capstone announced plans to temporarily halt operations at Minto. This planned closure is part of an initiative to cut costs during this period of low copper prices. So far, high-grade copper ore at the Minto North open-pit has allowed for low cost production at the mine. Mining at Minto North, however, was...

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