The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 7 of 7
Redstar Gold Corp. June 21 reported that drilling has traced the high-grade gold vein at the Shumagin zone of its Unga gold project for 1,350 meters, which is an extension of about 400 meters. During the spring program at Unga, a historic high-grade gold property on an island just off of the Alaska Peninsula, Redstar completed 12 holes at roughly 100-meter centers, primarily targeting extension of the Shumagin gold zone. "We are excited to have intersected the Shumagin vein structure along strike to the southwest and, in...
Australia-based Polaris Minerals Ltd. is set to debut as a new exploration company focused on advancing Caribou Dome and Stellar, high-grade copperand copper-gold projects in Alaska. This new exploration company will be the product of a merger between Coventry Resources, a Perth-based junior that has focused on exploring and expanding Caribou Dome for the past two years, and Vista Minerals Pty Ltd., a privately owned Down Under explorer that owns rights to the adjacent...
Desert Star Resources Ltd. June 15 reported that it has signed a definitive agreement to acquire full ownership of Capstone Mining Corp.'s Kutcho copper-zinc-gold-silver project in northern British Columbia. To acquire Kutcho Copper Corp., the Capstone subsidiary that owns Kutcho, Desert star has agreed to pay C$28.8 million in cash and issue enough shares to provide Capstone with 9.9 percent of Desert Star's issued and outstanding shares. A prefeasibility study prepared for Desert Star outlines a mine at Kutcho that would...
Kennady Diamonds Inc. June 19 reported the recovery of a 7.78 carat white octahedral diamond with no inclusions from sampling of the Faraday 3 kimberlite at Kennady North, the largest gem quality diamond discovered so far at the project. A total of 460.5 carats of diamonds larger than 0.85 millimeters were recovered from 276.4 metric tons of material collected from Faraday 3 during the winter 2017 program, for a sample grade of 1.67 carats per metric ton. A total of 26...
Pretium Resources Inc. June 20 announced the first gold at its Brucejack Mine in northwestern British Columbia. The Valley of the Kings deposit at Brucejack hosts 15.6 million metric tons of proven and probable reserves grading 16.1 grams per metric ton (8.1 million ounces) gold. This includes 3.3 million metric tons of proven reserves averaging 14.5 g/t (1.6 million oz) gold, enough ore for the first three years of production. Pretium has steadily reached construction milestones over the past several months, including the...
Sumitomo Metal Mining Pogo June 19 reported that a contract employee was fatally attacked by a bear while carrying out geological field work on the Interior Alaska gold property. A second contract employee that was attacked was transported to Fairbanks Memorial Hospital, where he was treated for non-life-threatening injuries and released the same day. The victims were working at an exploration site about five miles away from the main camp at the Pogo Mine when the bear attacked. A mayday was called and in accordance with...
Seabridge Gold June 21 reported that it is set to begin drilling two highly prospective targets at KSM - the down plunge projection of the Lower Iron Cap zone and a new target that could represent a fifth, higher grade deposit at this enormous gold-copper project in northwestern British Columbia. Both targets were discovered in IC-16-62, the last hole drilled in the 2016 drill program. The company plans to complete around 8,750 meters in 10 holes to test these targets. "This is the twelfth successive season we have drilled at...
