The mining newspaper for Alaska and Canada's North

Articles from the July 31, 2016 edition

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  • Return to Round Top

    Shane Lasley, Mining News|Updated Jan 27, 2018

    ILLINOIS CREEK CAMP: Maps spread out here on a pool table and laptops filled with geophysical and geochemical data collected at the Round Top copper project line up on a makeshift desk against the wall – an air of optimism and excitement fills the former recreation room for the past-producing Illinois Creek Mine that now serves as the headquarters for Western Alaska Copper & Gold Company. The source of the excitement is a drill tapping into a potentially large and robust p... Full story

  • Declining gold production spurs Goldcorp

    Curt Freeman, For Mining News|Updated Jan 26, 2018

    As a follow-up to last month's realization that once again "the game is afoot" in the mining industry, major gold producer Goldcorp recently presented some arresting statistics at the Bank of America Merrill Lynch Global Metals, Mining and Steel Conference. The presentation showed gold discovery and production information for the global mining industry that indicated that peak gold discovery occurred in 1995, this despite three periods between 1995 and 2015 when exploration...

  • Hecla withdraws Dolly Varden takeover bid

    Shane Lasley|Updated Jul 31, 2016

    Dolly Varden Silver Corp. July 25 reported that the British Columbia Securities Commission and the Ontario Securities Commission denied a request by Hecla Mining Company to stop Dolly Varden from completing a previously announced private placement financing. Hecla, which owned roughly 19.8 percent of Dolly Varden's shares on a partially diluted basis, has argued that the financing would be destructive to the junior's share value. In late June, Hecla made a bid to buy all of...

  • Equitorial Exploration to acquire Strategic lithium property in NWT

    Shane Lasley|Updated Jul 31, 2016

    Strategic Metals Ltd. July 27 announced that it has sold its interest in the Li lithium property to Equitorial Exploration Corp. Located in western Northwest Territories, adjacent to the Yukon border, the Li property hosts the Little Nahanni Pegmatite Group lithium-cesium-tantalum pegmatite dykes. In exchange for the property, Equitorial has agreed to issue 7.5 million shares and 2.5 million warrants to Strategic. Upon TSX Venture Exchange acceptance of the transaction,...

  • Golden Predator raises C$16M; Sprott grabs big stake in junior

    Shane Lasley|Updated Jul 31, 2016

    Golden Predator Mining Corp. July 26 announced the completion of a C$16.36 million brokered private placement. As a result of the financing, the company issued 11.036 million non-low-through units at C73 cents each and 8.305 million flow-through units at $1.00 apiece. Each unit includes one Golden Predator share and one half of a warrant. Each full warrant entitles the holder to purchase one additional company share at C$1.00 for a period of two years from the closing date....

  • Higher grade ore is boosting copper output at Minto Mine

    Shane Lasley|Updated Jul 31, 2016

    Capstone Mining Corp. July 26 reported that strong mill throughput and recoveries resulted in better than planned second-quarter copper production at its Minto Mine in the Yukon Territory. Mining continues to advance in the Minto North pit, with higher than 2 percent copper grades reaching the mill by early June, resulting in significantly higher production planned for the second half of the year. Capstone's 2016 guidance to produce 108,000 metric tons of copper from its Pinto...

  • Cariboo Rose digs for drill targets at Canadian Creek

    Shane Lasley|Updated Jul 31, 2016

    Cariboo Rose Resources Ltd. July 22 announced the start of a C$225,000 exploration program at its Canadian Creek gold project, which lies immediately west of the Casino copper-gold-molybdenum porphyry deposit owned by Western Copper and Gold Corp. The program will include trenching in large multi-element soil geochemical anomalies that extend over a roughly 10,000-meter by 3,000-meter area. Previous work has shown that this area hosts gold mineralization similar to the Coffee...

  • Independence launches phase 2; drilling begins next door to Coffee

    Shane Lasley|Updated Jul 31, 2016

    Independence Gold Corp. July 21 reported the start of a roughly 2,000-meter reverse circulation drill program at its Boulevard gold project, which borders the Coffee Gold property now owned by Goldcorp Inc. The second phase of Independence Gold's 2016 Yukon exploration program also will include a rotary air blast drill program on its recently optioned Rosebute gold property situated 58 kilometers (36 miles) south of Dawson City. The Coffee Creek fault system, an important stru...

  • Sabina points to local support; asks minister to OK Back River

    Shane Lasley|Updated Jul 31, 2016

    Sabina Gold & Silver Corp. July 21 said it has asked the Minister of Indigenous and Northern Affairs Canada to reject the Nunavut Impact Review Board recommendation that Sabina' Back River gold project not proceed to the next phase of permitting at this time. NIRB made its recommendation in a report that follows an environmental assessment process during which the review board coordinated and reviewed Sabina's draft and final environmental impact statements, including... Full story

  • Drilling confirms, upgrades Valley of the Kings deposit

    Shane Lasley|Updated Jul 31, 2016

    Pretium Resources Inc. July 21 published an updated mineral resource estimate for the Valley of the Kings deposit at its Brucejack gold project in northwestern British Columbia, where construction and development continues on schedule for commissioning of the underground mine in mid-2017. Over the past two years, Pretium has drilled 367 holes (63,740 meters) aimed at upgrading indicated resources in the areas to be mined in the first three years of the current mine plan to...

  • Murder/mining tale dishes chilly thrills

    Rose Ragsdale, Special to Mining News|Updated Jul 31, 2016

    Steven C. Levi's new mystery, "Dead Men Do Come Back," not only provides a rollicking glimpse of the new Old West, it takes a discerning leap into the world of Alaska mining during the little-discussed early years of the last century. Narrated in the first person by the likable but fictitious U.S. Marshal Gordon Whitford, the story is a slick and entertaining "who dun-it." Yet it is also a detailed portrait of life in and out of the fabled gold mines that operated near Juneau in Southeast Alaska in the early 1900s. In this...