The mining newspaper for Alaska and Canada's North

Articles from the November 16, 2018 edition

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  • Auryn Resources gold exploration Committee Bay greenstone belt Nunavut

    Auryn chases productive Aiviq gold system

    Updated Sep 25, 2020

    Auryn Resources Inc. Nov. 13 reported that the 2018 drill program at its Committee Bay project in Nunavut expanded Aiviq, a gold discovery made last year, and discovered gold at Kalulik, a new prospect about 15 kilometers (nine miles) to the southwest. Aiviq is situated about 7.5 miles north of Three Bluffs, a deposit with 2.1 million metric tons of indicated resource averaging 7.85 grams per metric ton (524,000 ounces) gold; and 2.9 million metric tons of inferred resource...

  • Yukon White Gold District exploration led by prospector Shawn Ryan

    White Gold expands high-grade Vertigo

    Updated Sep 25, 2020

    White Gold Corp. Nov. 15 reported that drilling continues to cut long sections of high-grade gold at Vertigo, indicating that this newly discovered zone on the company's JP Ross property in the Yukon hosts a large, high-grade gold deposit. The latest batch of drill results are from 11 reverse circulation (RC) holes that validated previously completed rotary air blast holes and identified new zones of high-grade gold mineralization along strike and at depth. Highlights from...

  • Porter Idaho Silverado high grade silver property Golden Triangle BC

    Flat vein could add major silver to Porter

    Updated Sep 25, 2020

    StrikePoint Gold Inc. Nov. 12 announced the discovery of a significant new vein that has the potential to significantly add to the high-grade silver resource at the company's Porter silver project just outside of Stewart, British Columbia. The Porter property hosts three historic silver mines that date back to the early 20th Century – Silverado, which is on the Stewart side of Mount Rainy; Porter-Idaho, located on the opposite side of the mountain about 2,000 meters s...

  • Luckystrike drills Monte Carlo gold zone Goldstrike Resources

    Luckystrike hits gold at Monte Carlo

    Updated Sep 25, 2020

    Luckystrike Resources Ltd. said its 2018 exploration program at Lucky Strike continues to demonstrate that this property in the heart of the White Gold District has the ingredients to develop into another big gold discovery in the Yukon. Luckystrike Resource was formed earlier this year as a spin-out of Goldstrike Resources Ltd., a company that previously made a major Yukon gold discovery on its Plateau property. Early last year, Newmont cut a C$53 million deal to earn up to...

  • Unwelt, Llama and Goose gold deposits Back River project Nunavut

    Sabina gets key permit for Back River mine

    Updated Sep 25, 2020

    Sabina Gold & Silver Corp. Nov. 15 announced receipt of Type A Water License for Back River, the final major license needed to begin developing a gold mine project in Nunavut. According to a 2015 feasibility study, the 3,000-metric-ton-per-day mine operation being considered for Goose, one of seven properties that make up the larger Back River project, that would average 198,100 ounces of gold per year over an 11.8-year mine life at a cost of US$534 per ounce. The mine would...

  • Tectonic Metals gold Alaska Eira Thomas Tony Reda Rob Carpenter

    Kaminak 2.0 explores Alaska gold potential

    Shane Lasley, Mining News|Updated Sep 25, 2020

    Members of the Kaminak Gold Corp. executive team have reunited to form Tectonic Metals Corp., a private exploration company that has acquired three overlooked gold exploration properties in Alaska's Eastern Interior. While with Kaminak, this team advanced the Coffee project in the Yukon from a grassroots discovery to a roughly 5-million-ounce gold mine project that Goldcorp Inc. acquired in 2017 for C$520 million. Cashing in on Coffee, several of the Kaminak executives moved...

  • Royal Gold Contango Ore seek partner to mine Peak Gold project near Tok

    Mining partner coming to Peak Gold?

    Shane Lasley, Mining News|Updated Sep 25, 2020

    Excited about the robust economics outlined in a preliminary economic assessment finalized in October, Peak Gold partners – Contango ORE Inc. (60 percent) and Royal Gold Inc. (40 percent) are now looking at the potential of bringing on a partner to advance their high-grade gold deposit in eastern Alaska toward development. "We are at a point I think where it would be healthy to have somebody else come in and move the project forward with their skill set," Royal Gold P...

  • Millrock Resources, Perth based PolarX explore Alaska copper gold project

    Further evidence of Zackly open-pit resource

    Updated Sep 25, 2020

    PolarX Ltd. Nov. 12 reported strong copper-gold results from another hole drilled in an area about 850 meters east of the Zackly skarn deposit that is emerging as a potential open pit mine on the Australian company's Alaska Range project. This hole, ZX‐18021, cut 20.2 meters averaging 0.3 percent copper, 1.1 grams per metric ton gold and 5.3 g/t silver. While not the highest grade or thickest intercept encountered this year, its proximity to holes that meet that criteria a...