The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 10 of 10
White Gold Corp. Aug. 15 said it has begun drilling near-surface high-grade gold mineralization recently discovered at the Vertigo Trend on the company's JP Ross property in Yukon's White Gold District. The Vertigo gold mineralization was encountered using GT Probe, a track mounted sampling machine engineered by Dawson City-based GroundTruth Exploration. Designed to be more cost-effective and less environmentally invasive than traditional trenching, the GT Probe drives a...
PolarX Ltd. Aug. 15 reported that assay results confirm the outstanding copper-gold mineralization observed in the core from hole ZX-18020, a hole drilled some 850 meters east of the current resource at the Zackly deposit on the company's Alaska Range project. Starting at a depth of 2.5 meters, this hole cut 54.6 meters averaging 2.8 grams per metric ton gold, 9.4 g/t silver and 0.6 percent copper, including a 0.3-meter (one foot) section from 56.7 meters averaging 27.3...
Ascot Resources Ltd. Aug. 13 reported that it has entered into definitive agreements with Jayden Resources Inc. and Mountain Boy Minerals Ltd. to acquire a full ownership of Silver Coin, an advanced stage, gold-silver property about 800 meters from Ascot's Big Missouri project and five kilometers (about three miles) from the Premier mill. Mineralization at Silver Coin is characterized as epithermal gold-silver deposit with base metal sulfide-bearing breccias and veins similar...
Auryn Resources Inc. Aug. 16 closed a C$7.3 million financing that will fund exploration of its Committee Bay and Gibson MacQuoid gold projects in Nunavut; and drilling on its Homestake Ridge gold-silver property in northwestern British Columbia. Originally slated to be C$4.6 million, the financing was increased by nearly 59 percent due to significant demand. This substantially increased private placement consists of roughly 2.1 million flow-through common shares at C$1.60...
Klondike Gold Corp. Aug. 14 said it is expanding this year's drill program at its Klondike District property in the Yukon, including the addition of a second drill to test the Nugget zone. The first drill continues to focus on expanding Lone Star gold, a sizeable lode gold zone that lies above the confluence of celebrated Bonanza and Eldorado Creeks. The Lone Star drill program will continue to systematically test sections to outline the geometry, continuity, and extent of...
FAIRBANKS: An Aug. 15 ceremonial groundbreaking for the Gilmore expansion at Kinross Gold Corp.'s Fort Knox Mine marked a new chapter in the life of this important gold operation in the heart of Alaska's Interior. Lying immediately west of the Fort Knox pit, which has produced more than 7 million ounces of gold over the past 22 years, Gilmore is expected to add roughly 1.5 million ounces of gold to the Fairbanks-area operation and extend the life of the mine out to 2030.... Full story
Constantine Metal Resources Ltd. Aug. 13 reported that results from metallurgical testing demonstrate a premium-quality barite concentrate can be produced as a co-product to the copper, zinc, gold and silver found in the volcanogenic massive sulfide deposit at the Palmer project in Southeast Alaska. According to a resource calculated in 2015, the South Wall-RW deposit at Palmer hosts 8.1 million metric tons of inferred resource averaging 5.25 percent (940.4 million pounds)...
Ucore Rare Metals Inc. Aug. 14 said the John S. McCain National Defense Authorization Act for Fiscal Year 2019 signed into law by President Donald Trump is a turning point for the rare earth element sector in the United States. The new legislation, more commonly known as the 2019 National Defense Authorization Act, prohibits the U.S. Department of Defense from acquiring rare earth magnets – along with certain tungsten, tantalum and molybdenum products – from China, Rus...
Ascot Resources Ltd. Aug. 9 reported that drilling has cut high-grade gold mineralization in the Unicorn and Province zones at Big Missouri Ridge, a target about 5,000 meters north of the Premier-Northern Lights area of the company's Premier-Dilworth property about 16 miles (25 kilometers) north of Stewart in the Golden Triangle region of northwestern British Columbia. The more than 100-square-kilometer (38.6 square miles) Premier-Dilworth property is home to the Premier Mine,...
Roughly six years after applications to federal authorities, Barrick Gold Corp. and Novagold Resources Inc. have crossed the finish line on gaining the key federal permits needed to build a mine at their 39-million-ounce Donlin Gold Mine project in Southwest Alaska. This major permitting milestone was reached on Aug. 13, when the U.S. Army Corps of Engineers and the Bureau of Land Management issued a joint record of decision for Donlin Gold, marking the completion of a...
