The mining newspaper for Alaska and Canada's North

Articles from the September 13, 2015 edition

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  • Brazil confirms Whistler deposit resource

    Shane Lasley|Updated Sep 13, 2015

    Brazil Resources Inc. Sept. 9 reported an updated NI 43-101-compliant mineral resource estimate for the Whistler deposit, one of several gold-copper porphyry deposits identified on its Whistler project in Alaska. According to the estimate prepared for Brazil Resources, the Whistler deposit hosts an indicated resource of 79.2 million metric tons averaging 0.51 grams per metric ton (1.28 million ounces) gold, 1.97 g/t (five million oz) silver and 0.17 percent (302 million...

  • Redstar raises additional funds for Unga

    Shane Lasley|Updated Sep 13, 2015

    Redstar Gold Corp. Sept. 8 reported the closing of a C$750,000 non-brokered private placement consisting of 18.75 million common shares at a price of C4 cents per share. No finder's fees were paid in conjunction with the financing. Proceeds of the placement will be used to advance the company's Unga Gold project in Alaska and for general working capital purposes. Located on an island just off the Alaska Peninsula, Redstar's Unga property blankets two parallel trends of...

  • Goldstrike intersects more gold at Plateau

    Shane Lasley|Updated Sep 13, 2015

    Goldstrike Resources Ltd. Sept. 9 reported that drilling at the Goldstack zone of its Plateau property in the Yukon has cut 17.25 meters (true width) averaging 13.25 grams per metric ton gold, including 5.7 meters of 35.28 g/t gold. This intercept came in hole PSGS15-01, drilled 30 meters southeast of a seven-meter-wide outcrop that contains abundant free native gold. Three shallow holes were drilled at Goldstack this year. Hole PSGS15-02, drilled vertically from the same setu...

  • Spectrum delivers more high-grade gold

    Shane Lasley|Updated Sep 13, 2015

    Skeena Resources Ltd. Sept. 8 provided assay results from 15 drill holes drilled at its Spectrum gold project in the Golden Triangle of Northwest British Columbia. Results for the initial six holes were released on Aug. 20. Highlights from this second batch of results include: hole S15-15 cut 26.15 meters grading 8.21 grams per metric ton gold, including two meters grading 74.5 g/t gold; hole S15-016 cut 61 meters grading 1.62 g/t gold and 0.14 percent copper; hole S15-022... Full story

  • Sheriff and posse regain Golden Predator

    Shane Lasley|Updated Sep 13, 2015

    Golden Predator Mining Corp. Sept. 2 announced that previous Directors Dennis Fentie and Greg Hayes have rejoined the company's board. In addition, the Janet Lee-Sheriff has returned as Golden Predator's CEO and Greg Hayes as acting chief financial officer. In August, the entire Golden Predator management team and five of its directors left the company. The resignations follow a notice that Till Capital Ltd. intends to nominate and vote for a slate of existing Till Capital dir...

  • New Yellowknife drill targets identified

    Shane Lasley|Updated Sep 13, 2015

    TerraX Minerals Inc. Sept. 8 said channel sampling has identified new zones of gold mineralization at the Hebert-Brent Shear of its Yellowknife City Gold project in the Northwest Territories. Assays from cut channel sampling across the strike of two zones returned: six meters averaging 10.26 g/t gold across Hebert-Brent South; and 15.3 meters averaging 2.23 g/t gold across Hebert-Brent East. TerraX said these results indicate high grade zones of mineralization across a... Full story

  • Carmacks expansion potential confirmed

    Shane Lasley|Updated Sep 13, 2015

    Copper North Mining Corp. Sept. 8 reported results from the first eight of 22 holes drilled at the Carmacks copper-gold project, Yukon. These holes cut oxide and sulphide copper mineralization at the 2000S structural zone, which is located 400 meters south of the edge of the proposed open-pit. The detailed drilling has confirmed the continuity and quality of these zones and the potential for expansion of mineral resources at Carmacks. Highlights from the drilling include:...

  • Canterra narrows NWT diamond targets

    Shane Lasley|Updated Sep 13, 2015

    Canterra Minerals Corp. Sept. 3 said it is carrying out a till sampling program across its South Slave project, a group of properties that are situated between De Beers Canada's Snap Lake diamond mine and the Gahcho Kué diamond project, being developed by De Beers Canada and Mountain Province Diamonds. Canterra has built a proprietary database that includes more than 22,850 till samples, 42,000 microprobe analyses and 71,500 line-kilometers of airborne and ground geophysics in...

  • Royal Gold ups ante

    Shane Lasley, Mining News|Updated Sep 13, 2015

    If another US$4 million investment by Royal Gold Inc. is any indication, drilling so far this season at the Tetlin gold property in Interior Alaska is a success. In January, Royal Gold and Contango Ore Inc. finalized an agreement that affords the Denver-based royalty company an opportunity to earn as much as a 40 percent joint venture interest in Contango's Tetlin project by investing up to US$30 million on the unique and promising gold properties near the crossroads town of...