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Articles from the July 17, 2016 edition

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  • Freegold to drill two porphyry copper targets at Shorty Creek

    Updated Jan 28, 2018

    Freegold Ventures Ltd. July 6 said drilling is about to begin at its Shorty Creek copper-gold project near Livengood, Alaska. The company acquired this project through a long-term lease with Fairbanks-based Gold Range Ltd. Freegold has carried out ground geophysics and soil sampling over the two target areas. This, in conjunction with compiling previous work and using State of Alaska airborne geophysical data, resulted in the identification of two significant target areas - Hill 1835 and Hill 1710. Drilling in 2015 indicates...

  • Citizens advisory group bites the dust

    J. P. Tangen, Special to Mining News|Updated Jan 28, 2018

    It has been a long time since I took high school civics, so it is easy to understand how things may have changed. However, one of its precepts that has served me to this day is the idea that there was a significant difference of opinion among our founding fathers as to whether the newly-formed nation should be a democratic or a republican form of government. (Please note the absence of capital letters.) Democracy was advanced as a way to allow the people to rule through a... Full story

  • More silver, gold at higher prices equates to more cash for Hecla

    Shane Lasley|Updated Jul 17, 2016

    Hecla Mining Company July 11 said it produced 4.24 million ounces of silver and 62,965 oz. of gold during the second quarter of 2016, both significant increases compared with output during the same period last year. "Our strategy of accelerating growth has silver and gold production up 71 percent and 41 percent (respectively) over last year just as prices are starting to rise," said Hecla President and CEO Phillips Baker, Jr. "With increased production and higher prices we...

  • Northern Empire refines drill targets at Alaska gold property

    Shane Lasley|Updated Jul 17, 2016

    Northern Empire Resources Corp. July 11 announced the start of a C$500,000 phase-1 exploration program at its Richardson gold project in Interior Alaska. Expected to take six weeks to complete, this initial 2016 program will include 500 soil samples, 300 meters of trenching, prospecting, 100 line-kilometers of ground magnetic surveying, four line-kilometers of induced polarization surveying;, and re-logging of historical core. Highlights from rock grab samples collected from...

  • PEA shows robust economics for Chidliak

    Shane Lasley|Updated Jul 17, 2016

    Peregrine Diamonds Ltd. July 7 posted results from preliminary economic assessment for phase-one development of the CH-6 and CH-7 kimberlite pipes at its Chidliak diamond project in Nunavut. The PEA, prepared by JDS Energy & Mining Inc., envisions an open-pit diamond mine with a life of roughly 10 years. Production would start at the CH-6, a kimberlite with 4.64 million metric tons of inferred resource averaging 2.45 carats per metric ton (11.39 million carats) diamond to a...

  • Golden Predator revisits Brewery Creek

    Shane Lasley|Updated Jul 17, 2016

    Golden Predator Mining Corp. July 13 said it has begun a 1,600-meter engineering and metallurgical drill program at its Brewery Creek gold property. Located 55 kilometers (34 miles) east of Dawson City in Yukon Territory, Brewery Creek is a past-producing heap leach gold mining operation where more than 278,000 ounces of gold was produced from seven near-surface oxide deposits between 1996 and 2002. This year's drilling is focused at the Golden, Lucky and Kokanee pits where...

  • Wellgreen eyes PGM-nickel expansion targets

    Shane Lasley|Updated Jul 17, 2016

    Wellgreen Platinum Ltd. July 12 reported the start of a 2,500-meter drill program and field work at its Wellgreen platinum group metal-nickel project in southwestern Yukon Territory. The drilling will test resource expansion potential along the North Arm and the Middle Arm of the deposit, some of which was unclassified in the 2014 resource model and, therefore, categorized as waste in the 2015 Wellgreen preliminary economic assessment; test for the potential conversion of a... Full story

  • Explorer returns to Freegold Mountian

    Shane Lasley|Updated Jul 17, 2016

    Northern Freegold Resources Ltd. July 7 reported the start of the 2016 exploration program at its Freegold Mountain gold-copper project in Yukon Territory. Initially, the company will focus on the controls of mineralization at Nucleus and Revenue in order to vector in on higher grade mineralized zones adjacent to, and within these known deposits. An important goal of this work will be to define a paragenetic sequence - the chronological order of crystallization of minerals in...

  • Independence collects White Gold data

    Shane Lasley|Updated Jul 17, 2016

    Independence Gold Corp. July 7 reported the completion of its phase-1 exploration program the Boulevard and Moosehorn projects in the White Gold District, Yukon Territory. This work included geologic mapping, prospecting and the collection of 1,056 soil samples on both gold properties. In addition, 527 meters of trenching was completed at Moosehorn, located near the Alaska border about 133 kilometers (83 miles) southwest of Dawson City. Results from this program will assist... Full story

  • CZN raises C$10.2M

    Shane Lasley|Updated Jul 17, 2016

    Canadian Zinc Corp. July 7 reported the closing of a C$10.2 million public offering through a syndicate of underwriters co-led by Paradigm Capital Inc. and Canaccord Genuity Corp. and including Dundee Securities Ltd. As a result of the financing, Canadian Zinc issued 34,135,000 common shares at C25 cents per share and 6,665,000 flow-through shares at C25 cents per share. The net proceeds will be used to fund feasibility and development programs for the Prairie Creek zinc...

  • Steady pace at Arctic

    Shane Lasley, Mining News|Updated Jul 17, 2016

    NovaCopper Inc. is exercising the discipline of a marathon runner as it paces towards the finish line - developing the high-grade copper deposits at its Upper Kobuk Mineral Projects in Northwest Alaska into world-class mines. This year's US$5.5 million program for UKMP - a budget identical to 2015 - will continue to collect the data needed to complete a prefeasibility study for an open-pit mine at the Arctic deposit, while continuing to seek areas to expand upon the more than...