The mining newspaper for Alaska and Canada's North

Articles from the September 3, 2017 edition

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  • Zackly resource drilling begins

    Updated Mar 14, 2018

    Coventry Resources Ltd. and Millrock Resources Inc. Aug. 28 announced the start of a 3,000-meter drill program at Stellar, a copper-gold project along the south slopes of the Alaska Range. The drilling is focused on Zackly, a skarn deposit with a historical resource of 1.54 million metric tons grading 4.5 grams per metric ton (218,944 oz) gold and 2.9 percent (66.9 million pounds) copper. Millrock, which recently exchanged its interest in Stellar for a 10.6 percent equity...

  • Millrock explores BC projects

    Shane Lasley|Updated Jan 11, 2018

    Millrock Resources Inc. Aug. 30 announced the start of the 2017 field program at Willoughby and Oweegee Dome projects in the Golden Triangle region of northwestern British Columbia. This program is being carried out by Millrock and funded by Sojourn Exploration Inc. (formerly Sojourn Ventures Inc.), which has options to acquire full ownership of Willoughby and Oweegee Dome from Millrock. Willoughby has a long exploration history, including two phases of drilling. Stationed...

  • More gold, drilling at Committee Bay

    Updated Jan 11, 2018

    Auryn Resources Inc. Aug. 24 reported results from 21 out 148 holes drilled so far during the summer program at the Committee Bay gold project in Nunavut. Drilling at West Plains, which is at the southwest end of the 250-kilometer- (155 miles) long Committee Bay property, continues to show promise. Highlights from the six holes reported from West Plains include 9.15 meters of 3.48 grams per metric ton gold in hole 17WPR055; 9.15 meters of 2.89 g/t gold in 17WPR052; and 6.1 meters of 2.54 g/t gold in 17WPR053. The bottom 1.53...

  • Rising metals prices

    Shane Lasley, Mining News|Updated Jan 11, 2018

    Healthy price gains for zinc and copper this year, and gold rocketing through the US$1,300-per-ounce threshold on Aug. 28, is good news for Alaska's mining sector. Together, zinc and gold account for more than 80 percent of the value of metals mined in Alaska - silver and lead account for most of the balance. Copper, on the other hand, is set up to play an important role for the future of mining in the state. Gold rockets above $1,300 Entering 2017 at US$1,151/oz, gold made...

  • Conrad's faults yield more gold

    Updated Jan 11, 2018

    ATAC Resources Ltd. Aug. 29 said it continues find new areas of high-grade gold within fault zones at the Conrad and Osiris zones of its Osiris project at the western end of the company's vast Rackla Gold property in the Yukon. Hole OS-17-238, drilled within the newly recognized 650 Fault corridor at Conrad, cut 12.5 meters of 20.78 grams per metric ton gold near the top of the hole. Additional intervals of high-grade gold mineralization, including 10.41 meters of 7.15 g/t gold, where encountered deeper in this hole. "The...

  • More drilling, gold at Dublin Gulch, Yukon

    Shane Lasley|Updated Sep 3, 2017

    Victoria Gold Corp. Aug. 28 reported results from 12 additional holes drilled at the Shamrock deposit at its Dublin Gulch gold property in the Yukon. Highlights from this latest batch of results include 39.6 meters of 1.04 grams per metric ton gold in hole DG17-818C; 22.5 meters of 2.78 g/t gold in DG17-848C; and 16.5 meters of 2.24 g/t gold in DG17-845C. So far, Victoria has completed more than 23,000 meters of drilling at Dublin Gulch this year - encountering gold at...

  • Drills trace high-grade Indin Lake gold zones

    Shane Lasley|Updated Sep 3, 2017

    Nighthawk Gold Corp. Aug. 28 reported the expansion of gold zones at the Colomac project on its Indin Lake property about 160 kilometers (100 miles) north of Yellowknife, Northwest Territories. Hole C17-12B cut 145.75 meters (25 meters true width) of 3.33 grams per metric ton gold in, effectively extending Zone 1.5 at Colomac an additional 50 meters to the north. Drilling also cut gold in a gap between Zone 1.5 and Zone 2.0, which lies to the south. One hole drilled in this...

  • Upturn in mining continues across Alaska

    Curt Freeman, Special to Mining News|Updated Sep 3, 2017

    The Alaska mining industry continued its increased pace of activities in August, even as the first hint of autumn starts to be felt across the state. Metals prices were relatively stable with increasing demand for zinc and gold, the two metals that generate the most revenue from Alaska's operating mines. Wood Mackenzie is forecasting a 3 percent increase in global refined zinc demand in 2017 to 14.7 million metric tons. With refined zinc production limited to a 2 percent...