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Articles from the December 13, 2015 edition

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  • Klaza gold resource expands by 43%

    Shane Lasley|Updated Dec 13, 2015

    Rockhaven Resources Ltd. Dec. 9 released an updated mineral resource estimate for its Klaza gold-silver project in southern Yukon Territory. Incorporating the 56 holes drilled this year, Klaza now hosts 9.42 million metric tons of inferred resource grading 4.48 grams per metric ton (1.36 million ounces) gold, 89.02 g/t (26.96 million oz.) silver, 0.75 percent (155.4 million pounds) lead and 0.95 percent (197.8 million lbs.) zinc. This marks a 43 percent increase in gold... Full story

  • IDM nabs massive Yukon portfolio

    Shane Lasley|Updated Dec 13, 2015

    IDM Mining Ltd. Dec. 8 reported that it has entered a binding agreement to acquire Oban Mining Corp.'s extensive portfolio of precious and base metal properties in the Yukon Territory. Oban also has agreed to subscribe for 11,111,111 IDM common shares at C9 cents each, for gross proceeds of C$1 million, by way of a non-brokered private placement. "IDM is excited to welcome Oban Mining as a significant shareholder," said IDM President and CEO Rob McLeod. The Yukon portfolio con...

  • Key Snap Lake workers sent to Gahcho Kué

    Shane Lasley|Updated Dec 13, 2015

    The De Beers Group of Companies Dec. 4 announced that it is placing the Snap Lake diamond mine on care and maintenance. The company said it will evaluate market conditions over the next year to determine the potential of resuming operations at the underground mine in Northwest Territories. The process of suspending production at Snap Lake is underway. During the care and maintenance period, environmental monitoring and work required under the mine's permits will continue.... Full story

  • Kennady North sample returns 3.4 c/t diamonds

    Shane Lasley|Updated Dec 13, 2015

    Kennady Diamonds Inc. Dec. 7 posted final recovery results from a 2.67-metric-ton sample from the Kelvin North Lobe at the Kennady North diamond project adjacent to the Gahcho Kué mine project in Northwest Territories. The sample, processed by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council, averaged 3.4 carats per metric ton for diamonds of commercial size. Kennady Diamonds President and CEO Patrick Evans said, "Kelvin...

  • TerraX extends three Yellowknife gold zones

    Shane Lasley|Updated Dec 13, 2015

    TerraX Minerals Inc. Dec. 4 reported results from the first 19 holes of a 41-hole drill program completed at the Crestaurum Shear on its Yellowknife City Gold Project, immediately north of the capital of Northwest Territories. Most of the initial results were from drilling in the Central Shoot area of the shear. Highlights from 13 holes drilled at the Central Shoot include: TCR15-037, which cut 1.39 meters grading 40.52 grams per metric ton gold in in a newly discovered zone... Full story

  • Final permit in place for the Eagle Gold Mine

    Shane Lasley|Updated Dec 13, 2015

    Victoria Gold Corp. Dec. 7 said it has received the Water Use License for its Eagle Gold project, a proposed open-pit heap leach mine in the Yukon projected to produce roughly 200,000 ounces of gold annually. This completes the major mining permits required to advance Eagle through construction and operations. "With the final Water Use License in hand, Eagle represents a truly unique asset, being a fully permitted gold project, with First Nation support, located in Canada,...

  • Goldstrike consolidates Lucky Strike ownership

    Shane Lasley|Updated Dec 13, 2015

    Goldstrike Resources Ltd. Dec. 4 reported that it has entered into an agreement to purchase a 3 percent net smelter returns royalty on the Lucky Strike gold property, located in the Yukon's White Gold District, together with a 3 percent net smelter returns royalty on the nearby BRC property. Goldstrike owns a 70 percent interest in the Lucky Strike mineral claims and has entered into an agreement to purchase the remaining 30 percent from Petro One Energy Corp. On completion...

  • Kiska vectors on intriguing targets at Chuchi

    Shane Lasley|Updated Dec 13, 2015

    Kiska Metals Corp. Dec. 3 said a recently completed induced polarization survey has detailed significant chargeability and resistivity anomalies that, in conjunction with other geological data, indicate the potential footprint of a significant porphyry copper-gold deposit at the Chuchi project in northern British Columbia. The anomalies cover the main BP Zone and extend from known zones of copper-gold mineralization into untested areas, and identify new zones that have yet to... Full story

  • 20 years and counting

    Shane Lasley, Mining News|Updated Dec 13, 2015

    After 20 years of exploration and permitting, the Donlin Gold project is on the downhill side of gaining the permits needed to develop a mine at the 39-million-ounce gold deposit in the Yukon-Kuskokwim region of Southwest Alaska. On Nov. 25, the U.S. Army Corp. of Engineers released a draft Environmental Impact Statement for what will likely be among the largest gold-producing mines on the planet. The Donlin Gold Mine being considered in the draft EIS includes a... Full story