The mining newspaper for Alaska and Canada's North

Articles from the November 10, 2023 edition

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  • Bands of gold-colored copper mineralization ribbon dark grey drill core.

    Newmont finalizes Newcrest acquisition

    Shane Lasley, Mining News|Updated Nov 30, 2023

    World's top gold mining company adds two Golden Triangle mines to its two large gold-copper projects in Northern BC. In a historic deal that adds to Newmont Corp.'s position as the world's largest gold producer while also substantially boosting its production of the copper needed for the energy transition, the Colorado-based mining company has completed the roughly US$19 billion buyout of Newcrest Mining Ltd. "Today marks a historic milestone in our company and the industry...

  • Molten gold being poured into a bar at the Fort Knox Mine.

    Fort Knox: 9 million oz gold and counting

    Shane Lasley, Mining News|Updated Nov 30, 2023

    Kinross Alaska celebrates two milestones; one an echo of past success and the other a beacon to a bright future. Kinross Gold Corp. Nov. 8 reported that its Fort Knox Mine in Alaska produced 71,611 ounces of gold during the third quarter of 2023, which included the nine millionth ounce recovered from this iconic mine about 25 miles north of Fairbanks, Alaska. "As we celebrate this remarkable milestone of pouring nine million ounces of gold from the Fort Knox refinery, we also...

  • Drill tests resource expansion target at the Golden Summit project in Alaska.

    Freegold wraps Golden Summit drilling

    Shane Lasley, Mining News|Updated Nov 22, 2023

    Freegold Venture Ltd. Nov. 7 announced the completion of a 44-hole drill program at Golden Summit that included 37 holes focused on expanding and upgrading the 19.7-million-ounce Dolphin-Cleary gold deposit and seven holes testing the Saddle discovery target about 2.5 miles to the east. The Dolphin-Cleary deposit hosts 407.54 million metric tons of open-pit mineable indicated resource averaging 0.92 grams per metric ton (12 million oz) gold, plus 282.3 million metric tons of...

  • Drill crew working at a pad at the 4100N Zone at the Storm property.

    Storm Copper high-grade, potential grows

    A.J. Roan, Mining News|Updated Nov 22, 2023

    American West Metals Ltd. Nov. 6 announced that its 2023 drilling has tapped more impressive near-surface mineralization in expansion targets at the 4100N Zone on its Storm Copper project in Nunavut. Located within the far northern Canadian Arctic Archipelago, the Storm Copper project covers more than 4,000 square kilometers (1,544 square miles) of the Polaris mineral district. This year, the company aimed for up to 10,000 meters of reverse circulation drilling to establish...

  • A barge delivers goods to Back River during the ice-free summer days in Nunavut.

    B2Gold delivers the goods at Back River

    Shane Lasley, Mining News|Updated Nov 17, 2023

    Summer shipping and construction success keep the Goose Mine on track for first gold pour in Q1 2025. With a successful summer construction and shipping season, B2Gold Corp. says its Back River gold project in Nunavut remains on pace to pour its first gold early in 2025. Upon the April completion of its acquisition of Sabina Gold & Silver Corp., which had already made significant progress on early development at Back River, B2Gold immediately invested the resources necessary...

  • Crewmembers working on drill pad at White Gold’s Betty property.

    White Gold extends Betty Ford high-grade

    A.J. Roan, Mining News|Updated Nov 16, 2023

    White Gold Corp. Nov. 8 announced that its 2023 drilling significantly expanded the width of the near-surface Betty Ford gold target on the Betty property in Yukon, Canada. Located roughly 65 kilometers (40 miles) southeast of White Gold's namesake flagship project, Betty is a promising property within the company's immense 350,000-hectare (864,869 acres) land package that covers approximately 40% of the White Gold District. According to the most recent calculation, the White...

  • Map of the Charlotte property located in west-central Yukon.

    Taurus Gold reports promising results

    A.J. Roan, Mining News|Updated Nov 10, 2023

    Taurus Gold Corp. Nov. 7 announced surface soil sample and geophysical survey results from its 2023 exploration program at its Charlotte gold-silver-zinc-lead property in the Mt. Nansen area of west-central Yukon. Located at the south end of the Dawson Range Gold Belt within the Tintina Gold Province, Charlotte is a 23-square-kilometer (8.9 square miles) land package adjacent to Rockhaven Resources' Klaza property that is accessed by an all-weather road. Taurus' 2023...

  • Cross-section of Kitsault Valley silver and gold deposits and targets.

    Dolly Varden drills 27 meters of 296 g/t silver at Wolf; similar silver at Moose

    Shane Lasley, Mining News|Updated Nov 10, 2023

    Latest round of results from the 51,454-meter drill program carried out at Kitsault Valley this year. Dolly Varden Silver Corp. Nov. 6 reported additional high-grade silver intercepts at Wolf, the northernmost of the deposits on the Dolly Varden end of its Kitsault Valley project, and similar silver mineralization in discovery drilling at Moose Vein, which lies about 1,500 meters further north. Located about 40 kilometers (25 miles) southeast of Stewart, BC, the...

  • Geologists inspecting an interesting geological outcrop at Klondike property.

    Klondike beginning to understand Gold Run

    A.J. Roan, Mining News|Updated Nov 10, 2023

    Klondike Gold Corp. Nov. 8 announced the results from the mapping, rock sampling and diamond drilling at the Gold Run target on the Klondike District property in Yukon, Canada, expanding the company's understanding of this early exploration-staged prospect. Located roughly 20 kilometers (12.5 miles) southeast of Dawson City, the Klondike District Gold Project covers 727 square kilometers (280 square miles) of the famed Yukon gold district. According to a 2022 calculation, two...

  • Large spodumene outcrop at the Yellowknife Pegmatite project in NWT.

    Li-FT continues to tap Yellowknife lithium

    A.J. Roan, Mining News|Updated Nov 10, 2023

    Li-FT Power Ltd. Nov. 7 announced another batch of assays completed from the BIG East, Shorty, Ki, and Fi Southwest pegmatites found within the Yellowknife Pegmatite Province in Northwest Territories, signaling the consistency of this critical mineral found in this long-overlooked region. With a massive 45,000-meter program targeted for the year, the company has reported results for 77 diamond drill holes totaling 13,570 meters, which is only about 39% of the 198 holes...

  • Short section of bonanza grade core with a circle and AU marking observed VG.

    Ascot drill taps bonanza gold at Premier

    Shane Lasley, Mining News|Updated Nov 3, 2023

    Ascot Resources Ltd. Nov. 3 reported a bonanza grade gold intercept at Big Missouri that is the highest-grade intercept ever drilled at this first deposit to be mined when operations resume at the company's Premier gold project in British Columbia's Golden Triangle. Lying about nine miles (15 kilometers) north of Stewart, BC, Ascot's Premier gold project is home to a past-producing gold mine that last operated in the 1990s. A feasibility study completed in 2020 detailed plans...