The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 13 of 13
The De Beers Group Sept. 20 reported the opening of Gahcho Kué, the world's largest new diamond mine. A joint venture between De Beers (51 percent) and Mountain Province Diamonds (49 percent), the Gahcho Kué Mine in Northwest Territories is expected to produce some 54 million carats of rough diamonds from about 35 million metric tons of scheduled material over a 12-year lifetime. Comprised of three open pits, the mine will employ 530 people full-time. Gahcho Kué was opened officially by De Beers Group Chairman and Anglo Am...
With a new top executive and financial backing from one of the most respected investors in the mining space, Redstar Gold Corp. is taking a fresh look at Unga, a high-grade gold property that is home to Alaska’s first hard-rock mine. Going into 2016, Redstar appointed Peter Ball as president and CEO of the company, filling a void left by Ken Booth, who served as the company’s interim top executive for about a year. Ball brings more than 25 years of experience to Redstar, inc... Full story
Reuters recently reported that the 10 largest gold-producing companies worldwide have steadily increased their near-mine exploration budgets over the past few years to 56 percent in 2015 from 45 percent in 2013. They also reduced their higher-risk greenfields exploration budgets to 21 percent from 25 percent in the same time period. This retrenchment of exploration by the larger producers is occurring, while global gold output is declining with an expected reduction of 9...
Goldrich Mining Co. Sept. 26 provided an update on 2016 operations at the Little Squaw placer mine in northern Alaska. Through Aug. 31, 8,570 ounces of alluvial gold, for approximately 7,000 oz. of fine gold, has been recovered from the mine in 2016. This reflects a roughly 95 percent increase in gold recoveries compared with output during the entire 2015 mining season. Production for the year continued through Sept. 21 and final production numbers for the season will be released after all smelter settlement documents have...
Ucore Rare Metals Inc. Sept. 26 said an independent third-party review has confirmed previously reported operational success of the SuperLig-One pilot plant near Salt Lake City, Utah. Under the observation of Ed Bentzen of Resource Development Inc., a pregnant leach solution from the Bokan Dotson-Ridge project in Southeast Alaska was submitted to the SuperLig-One purification circuit. Under Bentzen's direction, output samples from the circuit, containing purified dysprosium, were then analyzed by both an independent...
Millrock Resources Inc. Sept. 22 said induced polarization geophysical surveys are underway at its Stellar gold-copper project located near the Denali Highway in central Alaska. This IP survey - being carried out by a subsidiary of Vista Minerals Pty Ltd, a private Australian company - covers the Jupiter copper occurrence and on the west flank of the high-grade Zackly gold-copper skarn deposit. Roughly 12,200 meters of drilling in some 85 holes has been completed at Zackly,...
White Rock Minerals Ltd. Sept. 13 said it has identified a number of high-priority volcanogenic massive sulfide targets at its expanded Red Mountain project in the Bonnifield District of central Alaska. In addition to extending the known zinc-silver-lead-gold deposits at Dry Creek and West Tundra Flats, White Rock said there is significant potential to discover several new metals-enriched VMS deposits at Red Mountain. Jim Franklin, a recognized global VMS expert, completed an... Full story
Rockhaven Resources Ltd. Sept. 26 reported another batch of results from a recently completed drill program at its Klaza gold-silver property in southern Yukon Territory. Highlights from this drilling include 4.32 meters averaging 17.01 grams per metric ton gold and 121 g/t silver in hole 317; 8.09 meters averaging 3.48 g/t gold and 88.4 g/t silver in hole 318; and 2.46 meters of 10.25 g/t gold and 52.9 g/t silver in hole 337. The 2016 drill program focused on better defining...
Goldstrike Resources Ltd. Sept. 26 reported that trenching at its Lucky Strike property, located in the heart of Yukon's White Gold District, has returned values of 0.42 g/t gold over 154 meters, including 3.0 g/t gold over eight meters. These results are from the Monte Carlo discovery zone, which measures 1,400 by 350 meters and remains open. Monte Carlo is one of four large gold-in-soil anomalies discovered at Lucky Strike. Other significant results from trenching at Monte... Full story
Klondike Gold Corp. Sept. 27 reported results from drill at the Nugget zone on its Klondike gold project near Dawson City, Yukon Territory. Highlights from drilling at Nugget include 11.93 meters averaging 3.3 grams per metric ton gold in hole EC16-55; 14.34 meters averaging 5.1 g/t gold in EC16-32; and 0.22 meters of 336.6 g/t gold in EC16-54. The company said this year's drilling within the Dominion area of the Klondike property returned sporadic results. Two holes with...
Millrock Resources Inc. Sept. 26 said a ZTEM airborne geophysical survey is underway at its Oweegee Dome project in the Golden Triangle area of northwestern British Columbia. ZTEM, Z-Axis Tipper Electromagnetic system, is an innovative airborne electromagnetic system which uses the natural or passive fields of the earth as the source of transmitted energy. This system is capable of deep penetration and identification of conductive zones at depth. Case studies have shown that... Full story
Dominion Diamond Corp. Sept. 22 reported the restart of the process plant at its Ekati Mine and the sale of an exceptional diamond recovered at the Northwest Territories operation. The Ekati process plant, which was damaged by a fire in June, resumed operations at full capacity on Sept.21. During the three-month downtime, Dominion implemented an active management strategy designed to mitigate the impact of the fire on production and cash flow for the current fiscal year. As... Full story
TerraX Minerals Inc. Sept. 22 reported results from the first four holes of a planned 27,000-meter drill program at it Yellowknife City Gold Project, immediately north of the Northwest Territories capital. Drilled at the Mispickel, all four holes cut significant zones of gold mineralization. Highlights include: 5.53 meters averaging 29.85 grams per metric ton gold in the hanging wall zone of hole TWL16-020; three meters of 22.44 g/t gold in the main zone of TWL16-020; 5.85...
