The mining newspaper for Alaska and Canada's North

(162) stories found containing 'atac resources'

Sorted by date  Results 1 - 25 of 162

  • Brightly colored copper rock samples harvested from Catch.

    Drills are already turning for Cascadia

    A.J. Roan, Mining News|Updated May 16, 2024

    Begins 1,200-meter program, aiming for two holes that will further outline extent of Catch copper. Cascadia Minerals Ltd. May 16 announced that drills are turning at its Catch copper project in central Yukon, marking an earlier start to the season as the company is eager to follow up on last year's success. "We're pleased to have an early start to our exploration in 2024, with diamond drilling already underway at the Catch property," said Cascadia Minerals President and CEO...

  • A rocky mountain ridge overlooking the Catch property in Yukon, Canada.

    Cascadia sets out to Catch some copper

    A.J. Roan, Mining News|Updated May 9, 2024

    Plans for 1,200 meters at Catch and comprehensive work on newest copper discoveries. Cascadia Minerals Ltd. May 9 announced the first phase of its 2024 exploration program will include 1,200 meters of drilling and comprehensive property-wide prospecting, mapping, and soil sampling on the company's flagship Catch copper-gold project in Yukon, Canada, as well as inaugural exploration at others. Located in an underexplored part of southcentral Yukon, about 56 kilometers (35...

  • Closeup of core from drilling through high-grade silver-zinc-lead veins.

    Hecla silver reserves at 238 million oz

    Shane Lasley, Mining News|Updated Feb 29, 2024

    Company expands Keno Hill and Lucky Friday reserves, readies Greens Creek for the next jump. Hecla Mining Company Feb. 13 reported that its 2023 exploration resulted in the second-highest silver reserves and the largest gold resource ever for the Idaho-based company. "Hecla's silver reserves are the second highest in our 133-year history at 238 million silver ounces and only 1% less than last year's all-time highest reserve, and gold resource is the highest in our history," sa...

  • Dark grey drill core with bands of metallic gold-colored copper mineralization.

    North of 60 Mining M&A heats up in 2023

    Shane Lasley, Data Mine North|Updated Feb 19, 2024

    From the world's largest gold company expanding its production profile in British Columbia's Golden Triangle to a 130-year-old silver mining legend strengthening its foothold in the Yukon and a soon-to-be new gold producer in Nunavut, mergers and acquisitions completed in 2023 will forever change the North of 60 Mining News landscape. In fact, if everything goes according to plan, by the time Mining Explorers 2024 rolls off the presses, B2Gold will be pouring the first bars...

  • Hammer placed beside highly copper mineralized rock samples.

    Cascadia casts enthusiastic light for 2024

    A.J. Roan, Mining News|Updated Jan 25, 2024

    Cascadia Minerals Ltd. Jan. 4 announced an update on the company's Catch property in Canada's Yukon as well as the final diamond drilling results from its 2023 exploration program, culminating in a brief end-of-year review and its plans moving forward into 2024. Last year, Cascadia Minerals (formerly ATAC Resources Ltd.) cut a deal with Hecla Mining Company to sell several of its core properties in an effort to branch into the energy metal sector. With Hecla taking over the...

  • A huge plume of black smoke above the Eagle Gold mine camp in Canada’s Yukon.

    Gold, critical minerals top Yukon list

    Rose Ragsdale, For Data Mine North|Updated Jan 17, 2024

    Raging wildfires and record hot temperatures challenged the well-laid plans of a score and more of mineral explorers in Canada's Yukon this year as the 2023 field season shifted into high summer. Most of the companies, however, managed to carry out their exploration for gold, silver, copper, and other minerals across the territory. The fierce and sometimes out-of-control blazes marked one of the worst wildfire seasons seen in Canada in nearly 30 years, consuming more than...

  • Hecla employees ending a long shift at the Greens Creek silver mine.

    Hecla becomes major player in the Yukon

    A.J. Roan, Data Mine North|Updated Jan 17, 2024

    Following the acquisition of Alexco Resource Corp. at the end of 2022, Hecla Mining Company has continued to expand its portfolio of gold and silver properties in Canada's Yukon. With the Keno Hill Silver District mine project that came with the buyout of Alexco, Hecla's silver reserves soared to above 240 million ounces of silver, the highest in the company's 132-year history. "Hecla's silver reserves are at an all-time high," said Hecla Mining CEO Phillips Baker, Jr. This...

  • Copper-rich mineralized grab samples from Cascadia Minerals.

    From gold to copper: ATAC now Cascadia

    A.J. Roan, Data Mine North|Updated Jan 17, 2024

    In a win-win deal for both parties, Hecla Mining Company bought out ATAC Resources Corp., keeping two precious metals enriched Yukon exploration properties in its own portfolio and spinning a portfolio of more copper forward assets previously held by ATAC into Cascadia Minerals Ltd. ATAC's extensive portfolio of mineral exploration projects in the Yukon and Northern British Columbia were anchored by Rackla Gold, a massive 170,000-hectare (420,000 acres) land package divided...

  • Canada, Tahltan Nation, and Australia flag trucks at mine in Northern BC.

    M&A activity reshapes North of 60 mining

    Shane Lasley, Data Mine North|Updated Jan 17, 2024

    From neighboring gold explorers merging to create a district-scale project that will likely be attractive to majors, to Glencore making an aggressive bid to buyout Teck Resources Ltd., 2023 was a year of North of 60 mergers, acquisitions, and attempts at takeovers. The multi-billion-dollar M&A frenzy across Alaska and Canada's North was underscored by B2Gold's roughly C$1.1 billion (US$820 million) acquisition of Sabina Gold & Silver Corp. and the Back River Gold Mine project...

  • Cascadia Minerals technicians working on a drill pad at Catch.

    Cascadia makes a rare Catch in the Yukon

    A.J. Roan, Mining News|Updated Nov 24, 2023

    Cascadia Minerals Ltd. Nov. 16 announced that the first two holes ever drilled at Catch encountered the porphyry copper-gold the company had hoped to find at this project in Yukon, Canada. Earlier this year, Hecla Mining Company cut a deal to buy out ATAC Resources, keeping the precious metals enriched Rackla and Connaught properties in the Yukon and spinning out the rest of ATAC's properties into Cascadia. Managed by the former ATAC team and backed by an initial C$2 million...

  • ATAC Resources CEO Graham Downs at Rackla gold property, Yukon.

    Hecla claims Rackla, ATAC now Cascadia

    A.J. Roan, Mining News|Updated Jul 27, 2023

    With the acquisition finalized, major invests in spin-out, leaving all parties satisfied. After weeks of deliberation, Hecla Mining Company has finalized the acquisition of ATAC Resources Ltd. and the company's previously owned Rackla and Connaught properties in Yukon, Canada. "With the ATAC acquisition, we continue to execute our strategy of acquiring large land packages with significant exploration potential in favorable mining jurisdictions," said Hecla Mining President and...

  • Fireweed geologist surveys Macmillan Pass project within Selwyn Basin.

    Fireweed tacks on gold probe to program

    A.J. Roan, Mining News|Updated Jul 26, 2023

    Fireweed Metals Corp. July 5 announced that in conjunction with the largest-ever planned drill program at Macmillan Pass, the company will conduct reconnaissance prospecting, mapping, and sampling across a series of gold anomalies on this Yukon property best known for its zinc-lead deposits. A road-accessible project adjacent to Yukon's border with Northwest Territories, the 940-square-kilometer (363 square miles) Macmillan Pass project blankets a roughly 55-kilometer (34...

  • A copper mineralized outcrop at Cascadia Minerals’ Catch property.

    Cascadia Catches high copper, gold grades

    A.J. Roan, Mining News|Updated Jul 20, 2023

    Cascadia Minerals Ltd. July 19 announced the results from prospecting and various surveys from the first phase of its 2023 Phase 1 exploration program at the Catch property in Yukon, Canada, signaling a promising start for the newly reforged company. Formerly ATAC Resources, reformed as Cascadia Minerals after selling off its Rackla and Connaught properties to Hecla Mining Company, the previous gold, now multi-metals explorer held onto several of its past properties, which...

  • A drill pad along a snowy slope in Cantex’s North Rackla property.

    Drilling extends mineralization for Cantex

    A.J. Roan, Mining News|Updated Apr 20, 2023

    Cantex Mine Development Corp. April 13 announced an update for its North Rackla claim block in Canada's Yukon, reporting results from the latest 21 holes from the company's 2022 drill program. North Rackla was generated from a 30,000-square-kilometer (11,583 square miles) regional heavy mineral sampling program and was discovered in an area favorable for Carlin-style mineralization similar to ATAC Resources Ltd.'s Osiris deposit in 2010. During 2022, Cantex tested three...

  • Geologist hiking through the Yukon plains in Summer.

    Hecla, ATAC come to definitive agreement

    A.J. Roan, Mining News|Updated Apr 6, 2023

    Hecla Mining Company April 6 announced that after several weeks of deliberation, it has reached a definitive agreement to move forward with the purchase of ATAC Resources Ltd.'s Rackla and Connaught projects, while also spinning out the Yukon-focused exploration company's earlier staged copper properties into Cascadia Minerals Ltd. After declining a proposal from Victoria Gold Corp. at the beginning of February, ATAC announced shortly after its intention to sell its...

  • Silver bars and a balance scale with gold on one side and weights on the other.

    North of 60 Mining M&A activity heats up

    Shane Lasley, Mining News|Updated Mar 23, 2023

    From competing offers for an exploration company with large and intriguing mineral projects in the Yukon, to the world's largest gold miner making a US$17 billion bid to buyout an Australian mining company with two producing assets in British Columbia's Golden Triangle, February was a big month for mergers and acquisitions in the North of 60 Mining News coverage area. Three M&A proposals were put forward in February that would create a shift in the North of 60 mining sector...

  • Technicians constructing a drill pad on the side of a slope.

    ATAC extends LOI with Hecla another month

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

    ATAC Resources Ltd. March 14 announced that it has extended the effective period of the letter of intent with Hecla Mining Company from the initial date of March 15 to April 14. Last month, ATAC and Hecla announced the mutual entering of a non-binding letter of intent for Hecla to acquire all issued and outstanding shares of ATAC. You can read the initial announcement at ATAC acquiesces to Hecla's superior offer in the February 22, 2023 edition of North of 60 Mining News....

  • An ATAC helicopter flying through the beautiful mountainous valley's of Yukon.

    Year looks bright for ATAC YT-BC projects

    A.J. Roan, Mining News|Updated Mar 2, 2023

    ATAC Resources Ltd. Jan. 23 announced the results from its second phase of exploration at the company's Catch copper-gold property in central Yukon, which identified a high-grade copper and gold mineralized zone across a 500-meter extent. Located in an underexplored part of southcentral Yukon, about 56 kilometers (35 miles) southeast of Carmacks, this 15.7-square-kilometer (3,880 acres) property is a previously undrilled discovery property prospective for significant copper...

  • A helicopter flying into ATAC Resources' Rackla Gold property camp.

    Victoria presses ATAC for acquisition

    A.J. Roan, Mining News|Updated Mar 2, 2023

    Over a month ago, ATAC Resources Ltd. received a surprise proposal from Yukon neighbor Victoria Gold Corp. to acquire 100% of its shares. Feeling the offer inadequate, the Yukon and British Columbia-focused mineral exploration company declined. Victoria, which believes its offer to be more than fair, brought the deal public on Feb. 13 and declared a notice of expiry for ATAC to reconsider the offer before the week is out. ATAC is best known for its Rackla Gold property, a...

  • Hecla employees leaving work after a day of mining.

    ATAC acquiesces to Hecla's superior offer

    A.J. Roan, Mining News|Updated Feb 23, 2023

    ATAC Resources Ltd. and Hecla Mining Company Feb. 21 announced the mutual entering of a non-binding letter of intent for Hecla to acquire all issued and outstanding shares of ATAC. Less than a week after facing pressure from Victoria Gold Corp. for its own bid to acquire ATAC, the company has chosen what it views as a more valuable transaction. You can read about Victoria Gold's bid for ATAC at Victoria presses ATAC for acquisition in the February 17, 2023 edition of North of...

  • Cantex' North Rackla exploration camp within a valley in the Yukon.

    Cantex reports high germanium values

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

    Cantex Mine Development Corp. Feb. 9 announced an update from the Main zone on its North Rackla property that, after core analyses, mineralization shows levels of very high germanium content. Generated from a 30,000-square-kilometer (11,583 square miles) regional heavy mineral sampling program, North Rackla was discovered in an area favorable for Carlin-style mineralization similar to ATAC Resources Ltd.’s Osiris deposit in 2010. Staked in 2012, the ensuing work has i...

  • A helicopter sits on a drill pad on a highly mineralized mountain in the Yukon.

    Gold, silver lure pack to Yukon in 2022

    Rose Ragsdale, For Mining Explorers|Updated Feb 2, 2023

    Though effects of the COVID-19 pandemic lingered, mineral explorers rushed to the Yukon like moths to a flame during 2022. Mining's most daring sector rallied to generate the busiest field season seen in Canada's westernmost territory in years. In June, Natural Resources Canada projected mineral exploration and deposit appraisal spending in Yukon during 2022 to total C$157.9 million, up 14.5% from C$135.1 million estimated for 2021 and nearly double C$83.6 million in 2020....

  • VP Exploration Adam Coulter holds chunk of copper-rich rock from Catch.

    ATAC regrouped, builds strong ensemble

    A.J. Roan|Updated Jan 18, 2023

    Following the denial of a tote road to its Rackla Gold project in the Yukon, ATAC Resources Ltd. diversified its portfolio and got back into the Canadian mineral exploration fray. "The last two years have provided obvious challenges. However, during this time we have been very active advancing our copper-gold projects and conducting numerous comprehensive property evaluations, while preserving our treasury for the opportunities that lie before us now," ATAC President and CEO...

  • ATAC Resources camp at the Rackla Gold project in central Yukon.

    First Osiris drilling in over four years

    A.J. Roan, Mining News|Updated Nov 17, 2022

    ATAC Resources Ltd. Nov. 1 reported strong gold intercepts from this year's drilling Osiris deposit, the first drilling to be carried out at the Nadaleen project on the broader Rackla Gold property in the Yukon, since 2018. The 2022 program at Nadaleen included 1,551 meters of drilling in five holes – three at Osiris and one each in the Sunrise and Conrad targets. "While we only conducted a small-scale program this year, these results are a great reminder of the high-grade n...

  • Map showing the 2022 surface sampling at ATAC Resources' PIL property.

    ATAC sports successful exploration program

    A.J. Roan, Mining News|Updated Oct 13, 2022

    ATAC Resources Ltd. Oct. 12 announced that the results of its initial phase of surface exploration at PIL has turned up some of the highest-grade copper ever discovered on this property in the heart of British Columbia's Toodoggone district. The first phase of exploration at PIL included prospecting, mapping, hyperspectral alteration sampling, soil sampling, and induced polarization (IP) geophysical surveys. A total of 295 rock samples and 589 soil samples were collected and...

Page Down