The mining newspaper for Alaska and Canada's North

Articles from the September 6, 2015 edition

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  • Kennady North resource due by year's end

    Shane Lasley|Updated Jan 29, 2018

    Kennady Diamonds Inc. reported the completion of a 2015 infill drill program at the Kelvin kimberlite of the Kennady North diamond project in Northwest Territories. "The Kelvin infill drilling has been very successful, and we expect the results to add to our previous Kelvin tonnage estimate. Preparation of the maiden resource statement is underway and expected to be completed before the end of the year," said Kennady Diamonds President and CEO Patrick Evans. Exploration...

  • Northern Dynasty raises C$10M for Pebble

    Shane Lasley|Updated Sep 6, 2015

    Northern Dynasty Minerals Ltd. Aug. 31 reported the closing of a C$10.2 million private placement that involved the issuance of 25,624,408 special warrants exercisable into the company's listed common shares at a price of C39.9 cents per warrant. The warrants will convert on exercise into common shares of Northern Dynasty on a one-for-one basis. Following the completion of the private placement, Northern Dynasty said it has reached a definitive agreement with Cannon Point Reso...

  • New leadership for Alaska tin explorer

    Shane Lasley|Updated Sep 6, 2015

    Strongbow Exploration Inc. Sept. 1 reported that Richard Williams has been appointed president and CEO of the company, replacing Kenneth Armstrong who stepped down from the position. Armstrong will remain a director of Strongbow. Williams serves as CEO of Helio Resource Corp., an exploration company with projects in Tanzania and Namibia. He has spent the past 12 years in public company corporate management, and has developed a wide network of business and financial contacts... Full story

  • Another safety milestone reached at Pogo

    Shane Lasley|Updated Sep 6, 2015

    Sumitomo Metal Mining Pogo Aug. 31 reported that the employees at the Pogo gold mine in Interior Alaska have worked more than two years without a lost-time incident. Mine management said this milestone, reached on Aug. 28, reflects the dedication and commitment to safety among the more than 300 employees at Alaska's largest underground gold mine. "We have reason to celebrate," said Pogo General Manager Chris Kennedy said. "Every single person at Pogo has focused on safety...

  • Obama hears mixed views of Alaska mining

    Shane Lasley, Mining News|Updated Sep 6, 2015

    On the final leg of his three-day tour of Alaska, President Barack Obama visited Dillingham and Kotzebue, two remote Alaska communities with starkly different views on the development of Alaska's rich mineral endowment. On Sept. 2, Obama travelled to Dillingham, the largest community in the Bristol Bay region of Southwest Alaska and ground zero of the movement to prevent the development of Pebble, a world-class mineral deposit that contains an estimated 81 billion pounds of...

  • Dolly Varden resource tops 42M oz silver

    Shane Lasley|Updated Sep 6, 2015

    Dolly Varden Silver Corp. Aug. 27 reported a maiden indicated resource of 31.8 million ounces of silver contained within 3.07 million metric tons of material averaging 321.6 grams per metric ton (10.34 ounces) silver for the Dolly Varden, North Star, Torbrit, and Wolf deposits at its Dolly Varden property in northwestern British Columbia. Dolly Varden, the highest grade of these deposits, hosts 10.5 million oz silver in 522,000 metric tons averaging 625.1 g/t (20.1 oz/t)...

  • Dolly Varden rejects Skeena merger bid

    Shane Lasley|Updated Sep 6, 2015

    Skeena Resources Ltd. Aug. 27 reported that Dolly Varden Silver Corp. has turned down offers for a merger. Skeena confirmed that it recently proposed to acquire all of the shares of Dolly Varden in an exchange valued at roughly C$4.2 million. Under the proposal, each Dolly Varden share would be exchanged for 2.763 Skeena shares, which values each Dolly Varden Share at about C22.1 cents, representing a premium of 50.9 percent to the 10-day volume weighted average price of both... Full story

  • Which way is North?

    Shane Lasley, Mining News|Updated Sep 6, 2015

    Embattled federal employees conveniently losing emails that could bear witness to potentially negligent or illegal activities have become an increasingly frequent storyline. But seldom does the email's author disappear with the corrupted data. This seems to be the case with Phillip North, a former U.S. Environmental Protection Agency biologist accused of secretly colluding with private sector activists to stop the development of a mine at the Pebble copper-gold-molybdenum... Full story

  • Brucejack gets greenlight for development

    Shane Lasley|Updated Sep 6, 2015

    Pretium Resources Inc. Sept. 1 reported that it has been issued all of the major regulatory permits required to begin development work at its Brucejack gold project located in Northwest British Columbia. The British Columbia Ministry of Energy and Mines has issued a Mines Act Permit that allows Pretium to build a 2,700-metric-ton-per-day doré and flotation plant, develop an underground mine, and construct associated facilities and other infrastructure. The BC Ministry of... Full story

  • Canada Zinc expands Cardiac Creek core

    Shane Lasley|Updated Sep 6, 2015

    Canada Zinc Metals Corp. reported high-grade zinc results from the first two holes of a planned 5,000-meter drill program focused on resource expansion down-dip of the current indicated resource and expansion of the robust and high-grade zinc-lead-silver system in the central core of the Cardiac Creek deposit at its Akie project in northern British Columbia. The first hole of the program, A-15-121, targeted the down-dip extension of the core zone at Cardiac Creek. From a...

  • Jaxon agrees to Hot Bath copper option

    Shane Lasley|Updated Sep 6, 2015

    Jaxon Minerals Ltd. Aug. 31 reported signing a letter of intent to enter into an option to earn up to 75 percent interest in DeCoors Mining Corp.'s Hot Bath copper-gold project, located in northwestern British Columbia about 15 kilometers (nine miles) south of the Tanzilla porphyry property being explored by Kaizen Discovery Inc. and Freeport-McMoRan of Canada Ltd. Under the terms of the letter of intent, Jaxon can earn the 75 percent interest in Hot Bath by issuing 6.75...

  • More drilling for Sunrise gold discovery

    Shane Lasley|Updated Sep 6, 2015

    Independence Gold Corp. Sept. 1 reported the start of a C$600,000 exploration program at the Sunrise zone of its owned Boulevard gold project, located adjacent to Kaminak Gold Corp.'s Coffee gold project. Independence is currently carrying out detailed ground magnetic surveying and geological mapping, to better define drill targets. The company intends to drill about 1,400 meters to further delineate the newly discovered Sunrise Zone, where RC drill hole BV15-31 recently cut...