The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 7 of 7
White Gold Corp. Sept. 6 announced the discovery of high-grade gold mineralization in multiple shallow drill holes at Ryan's Showing, a target about 2,000 meters west of the Golden Saddle deposit on the company's White Gold property, Yukon. The Ryan's Showing discovery hole, WHTRYN18RC0001, cut 6.1 meters averaging 20.64 grams per metric ton gold from a depth of 83.82 meters. WHTRYN18RC0002, drilled 100 meters west of the Ryan's Showing discovery, cut 13.17 meters averaging...
Sabina Gold & Silver Corp. Sept. 4 announced that it has received the first sealift to its new Back River marine laydown area, a critical infrastructure component to facilitate transportation of equipment and supplies to the Back River gold mine project in Nunavut. This ability to transport goods to Back River via barge to the laydown area and then a roughly 150-kilometer- (93 miles) long ice road to the mine site provides more efficiency in supporting exploration and...
Peregrine Diamonds Ltd. Aug. 31 reported that its shareholders have overwhelmingly approved the arrangement for De Beers Canada Inc. to buy the Nunavut-focused diamond explorer. In July, De Beers agreed to acquire Peregrine in a cash deal worth roughly C$107 million. Under the terms of the agreement, De Beers is to acquire all of Peregrine's outstanding common shares for C24 cents each, a 50 percent premium to Peregrine's share price of C16 cents on July 18. Peregrine's primar...
Northern Star Resources Ltd. Sept. 3 raised AU$175 million to help fund its acquisition of the Pogo gold mine in Alaska. In a deal announced on Aug. 30, the Australia-based miner has agreed to pay US$260 million to buy out Sumitomo Metal Mining Pogo, a joint venture between Japanese firms Sumitomo Metal Mining Company (85 percent) and Sumitomo Corp. (15 percent) that owns and operates the mine. Pogo currently has roughly 4.1 million ounces of gold in resources and reserves,...
Contango ORE Inc. Aug. 30 said a preliminary economic assessment (PEA) for the Peak Gold (formerly Tetlin) project in eastern Alaska is slated for completion by the end of September. Being advanced by a joint venture between Contango ORE (60 percent) and Royal Gold Inc. (40 percent), the Peak Gold project hosts two parallel gold-rich skarn deposits – Main Peak and North Peak – and 850,000 acres of underexplored and highly prospective land. The two Peak skarn deposits host a g...
GT Gold Corp. Sept. 4 said this year's planned 18,000-meter drill program is rapidly expanding the Saddle South gold-silver discovery on its Tatogga property in British Columbia's Golden Triangle. So far this year, drilling at Saddle south has tapped high-grade gold to the east, west, south and below the mineralized envelope outlined during the company's maiden drill program carried out last year. One hole drilled to the west of Saddle South, TTD079, cut 40.89 meters of 9.55...
Less than a year after its acquisition of Silvertip, Coeur Mining Inc. has reached commercial production at the high-grade silver-zinc-lead mine in northern British Columbia. During August, the mill at Silvertip processed an average of roughly 450 metric tons of ore per day, up from around 350 metric tons per day during July and approximately 250 mtpd during June. Processing rates regularly ranged between 500 and 650 mtpd during August and exceeded 800 mtpd late in the month....
