The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 17 of 17
If you have ever played or followed sporting events, you are probably familiar with that bizarre and often game-changing event known as the "change of momentum". This is when the team that was on the ropes suddenly comes to life and often roars to victory, putting smiles on the faces of coaches, fans and bookies alike. Well, unless I am mistaken, the Alaska mining industry has been the beneficiary of just such a change of momentum over the past month. After taking head shots... Full story
The more that is known about Graphite Creek, the more this enormous deposit in western Alaska seems ideally suited to fill the growing need for graphite in electric vehicle batteries and other technology applications. Though Graphite One Resources Inc. has only systematically drilled a small section of the 11 miles of known near-surface mineralization at Graphite Creek, the Vancouver B.C.-based company has already outlined 17.95 million metric tons of indicated resource...
NovaCopper Inc. June 22 said the Bornite Camp is being prepared for the 2016 field program at the Upper Kobuk Mineral Projects located in Northwest Alaska. The majority of this year's project budget of US$5.5 million is planned to be spent on roughly 3,000 meters of drilling at the Arctic project. The program will include drilling for geotechnical, hydrological, waste rock characterization and metallurgical studies as well as further resource definition. The company is also planning a series of environmental studies that...
Independence Gold Corp. June 20 reported that Goldcorp Inc. intends to buy 10,884,880 flow-through shares of Independence for net proceeds of C$1,959,278.40. Upon completion of this private placement financing, Goldcorp will own roughly 19.9 percent of Independence Gold's issued and outstanding shares. "We are pleased to welcome Goldcorp as a shareholder of Independence. We view this investment as a validation of our exploration results and as well as positive encouragement...
Seabridge Gold Inc. June 21 said it has purchased all of the outstanding shares of SnipGold Corp. in an all-share arrangement announced in April. To complete the acquisition, Seabridge issued 695,277 shares, at an exchange ratio of one Seabridge share for 63 outstanding SnipGold shares. Up to roughly 60,550 additional Seabridge shares may be issuable upon exercise of outstanding options and warrants originally issued by SnipGold, but now exercisable to acquire Seabridge...
Skeena Resources Ltd. June 20 posted a 2016 budget of C$2.5 million to fund a 6,000-meter drill program at its recently acquired Snip gold property. This is double the drilling originally planned for this historic Golden Triangle property. In March, Skeena reported that it had entered into an option to acquire 100 percent interest in the property that hosts the past-producing Snip Gold Mine from Barrick Gold Corp. A budget of C$2.5 million for the 6,000 meters of drilling has... Full story
Colorado Resources Ltd. June 16 posted plans for exploration at three properties in the Golden Triangle region of northwestern British Columbia. At KSP, a property the company is optioning from SnipGold Corp., the company has begun drilling at the Inel zone. Colorado has had crews mapping and prospecting at lower elevations at KSP over the last few weeks. Colorado is also preparing for a field program at KingPin, a large copper-gold property immediately southwest of KSP that... Full story
Mountain Province Diamonds Inc. June 20 reported mechanical completion of the primary crusher at Gahcho Kué and that commissioning of the process plant at the Northwest Territories diamond mine continues to progress well. Gahcho Kué - a joint venture between De Beers Canada (51 percent) and Mountain Province Diamonds (49 percent) - expects to begin production sometime during the third quarter. Mountain Province President and CEO Patrick Evans said, "We are pleased with the c... Full story
Kivalliq Energy Corp. June 21 posted plans to test precious metals enriched targets at its Angilak property in Nunavut. "We are excited to kick-off the first program designed to determine the scope and setting of exceptional gold, silver and PGM (platinum group metals) results reported from the Yat area since 2007," said Kivalliq President Jeff Ward. The Yat occurrence is located 16 kilometers (10 miles) southwest of the Lac 50 uranium resource and near the northern margin of...
Golden Predator Mining Corp. June 20 posted the results from a 31-hole reverse circulation drill program testing the Sleeping Giant zone at its 3 Aces gold project in southeastern Yukon. Highlights from the program include: 6.4 meters grading 13.8 grams per metric ton gold from a depth of 22.55 meters in hole 3A16-RC003; 2.28 meters grading 96.78 g/t gold from a depth of 3.51 meters in hole 3A16-RC007; 11.43 meters grading 31.89 meters from a depth of 12.8 meters in hole...
Golden Predator Mining Corp. June 16 said it has returned 10,312,154 of the company's common shares to the treasury. Following this cancellation, a total of 53,501,201 shares remain issued and outstanding. The cancelled shares represent 16.2 percent of the issued shares of the company prior to the cancellation. As a result of the retirement of these shares, McEwen Mining Inc. became an insider of Golden Predator. In May, McEwen Mining invested C$500,000 to acquire 3.125...
Victoria Gold Corp. June 17 reported that it has raised C$2.85 million through the sale of 4,384,615 flow-through common shares at C65 cents per share. The company plans to use the money for a second phase of 2016 drilling focused on the Shamrock and other targets at its Dublin Gulch gold project in the Yukon Territory. "This flow-through financing is the result of a combination of encouraging factors. First and foremost, the 2016 exploration program at Olive and Shamrock has...
Auryn Resources Inc. June 20 said it has staked 162,000 hectares (400,000 acres) of claims at its Committee Bay gold project, expanding this land package to more than 380,000 hectares (939,000 acres). Auryn also has begun its summer exploration program, which will consist of roughly 10,000 meters of rotary air blast drilling focused on the Anuri and West Plain target at Committee Bay as well as regional till sampling across the entire project. During its spring program, Auryn... Full story
Sabina Gold & Silver Corp. June 16 reported that the Nunavut Impact Review Board has recommended to the Minister of Indigenous and Northern Affairs not to advance Sabina's proposal to develop a mine at the Back River gold project to the permitting phase at this time. In its report, the review board indicated that the Back River proposal could be reconsidered once more information is provided to address uncertainties regarding effects, predictions and mitigation measures,...
TMAC Resources Inc. June 15 reported that the Nunavut Impact Review Board has recommended to the Minister of Indigenous and Northern Affairs Canada to approve a permit amendment to expand Doris North, which is located at the north end of the company's Hope Bay gold project in Nunavut. TMAC is currently permitted to operate the Doris North project and to dispose of 458,000 metric tons of tailings, roughly 1.5 years of currently planned production, into a permitted tailings...
Garibaldi Resources June 15 reported that it has an option to purchase full ownership of the E&L nickel-copper-gold deposit and surrounding claims located at Nickel Mountain in northwestern British Columbia. The E&L deposit was discovered by five holes drilled in 1966 with mineralization extending to 210 meters and zones remaining open laterally and to depth. Work since 1971 has been limited to aeromagnetic surveys with no documented exploration since 1990. The claims... Full story
TerraX Minerals Inc. July 15 said it has begun a C$500,000 summer program at its Yellowknife City Gold project, immediately north of Northwest Territories' capital city. This field work budget has been supplemented by a Northwest Territories Mineral Incentive Program grant worth more than C$120,000, bumping the total funding available for comprehensive surface programs this summer to C$620,000. The summer program will include comprehensive field mapping and rock sampling to...
