The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Company aims for 2,800 meters between five targets across two properties. White Gold Corp. June 19 announced plans for its 2024 exploration program in Yukon's White Gold District, emphasizing maiden diamond drilling at high-priority targets and ongoing surveys targeting new gold and copper-molybdenum prospects. Located roughly 95 kilometers (59 miles) south of Dawson City, White Gold's namesake property is part of a roughly 350,000-hectare (864,869 acres) land package that...
Aerial robots quickly and safely deliver detailed maps of Northern Star and Agnico Eagle's underground mines in Alaska and Nunavut. From providing an advantageous survey of mines and mineral exploration sites from the sky above, to autonomously mapping the depths of underground operations, drones are playing an increasingly important role in safe and efficient mining around the world. Two companies with gold mining operations at opposite ends of the North of 60 Mining News...
Meliadine and Amaruq produce 223,500 oz gold; company encouraged by Hope Bay drill results. For Agnico Eagle Mines Ltd., the remote but highly mineralized territory of Nunavut offers high rewards, as long as the high risks that come with building and operating mines in Canada's remote North are managed. Given the nearly 900,000-ounce-of-gold-per-year pace of production at its Meliadine and Amaruq mines so far this year, coupled with new gold discoveries that bode well for its...
As Nunavut officials hail the Canadian government's recent decision to grant devolution to the country's newest territory, one junior explorer is planning to undertake a summer exploration program this year that highlights the extraordinary mineral prospectivity of the Far North jurisdiction. Toronto-based New Break Resources Ltd. recently reported encouraging assays from rock chip and grab samples recovered by an exploration team during a September visit to its Sundog gold...
White Gold Corp. Dec. 13 announced that it closed a C$5.1 million (US$3.8 million) that included continued financial backing by partner Agnico Eagle Mines Ltd, which is increasing its 19.5% share to 19.85%, and ultimately financing White Gold's 2024 exploration program. "We are very appreciative for the continued support of our strategic shareholders and are now fully funded for an impactful 2024 exploration program following the success of this past season where we continued...
White Gold Corp. kicked off 2023 with an updated mineral resource estimate for its namesake project in the Yukon and with an exploration program aimed to continue outlining exactly what its massive land holdings in Yukon's White Gold District contain. Located roughly 95 kilometers (59 miles) south of Dawson City, White Gold's namesake property is part of a roughly 350,000-hectare (864,869 acres) land package that covers approximately 40% of the White Gold District, which also...
Toward its strategy to develop the full potential of existing gold mining operations and a key pipeline project, Agnico Eagle Mines Ltd. invested more than US$100 million on exploring this politically attractive and stable jurisdiction in Canada's Far North during 2023. This robust 2023 exploration began with a US$79.6 million budget for its three primary assets in Nunavut – Hope Bay, Meliadine, and Meadowbank – but given the early success, the company added US$21.5 million to...
As 2023 raced toward its final weeks, mining explorers working in Canada's northernmost territory wrapped up ambitious campaigns to identify new deposits of various lucrative minerals, ranging from cobalt to copper and gold to uranium. Both mineral production and exploration spending in Nunavut decreased in 2022 compared with the previous year's totals, and another drop is expected for 2023. Natural Resources Canada earlier projected a 28% decrease in planned spending for...
Economists at the government of Nunavut are predicting major economic growth in Canada's northernmost territory next year, partly due to increased production and steady commodity prices in its mining sector. Nunavut Premier P.J. Akeeagok told an audience at the Nunavut Trade Show Sept. 19 that the Nunavut economy is expected to grow by 13.6% in 2024, up from around 7% this year. "I'm happy to report Nunavut's economy is expected to expand strongly this year, at a rate of 7%...
Amid renewed market interest in gold, White Gold Corp. recently reported increased mineral resource estimates for its flagship White Gold Project and unveiled plans for a 2023 exploration program across its namesake district in the Yukon. The junior explorer, which enjoys the financial backing of major Agnico Eagle Mines Ltd. (19.5%) and Kinross Gold Corp. (15%), has turned its attention in 2023 to further evaluation of targets at its JP Ross and Betty Ford projects and...
Boots on the ground and soil samples in hand, ground truth exploration is a time-tested method that has led to many of White Gold Corp.'s various discoveries across its more than 1 million acres of prospective land in Yukon's prolific White Gold District, and 2022 exploration was no different. With exploration across more than a dozen properties, targets, zones, or areas, there is a lot of ground to cover, and each program seems to unearth more and more for this Yukon gold...
White Gold Corp. Feb. 23 announced the latest batch of assays shows that the 2022 diamond drilling program on the Ryan's Surprise and Ulli's Ridge targets intersected multiple zones of gold mineralization between the untested region of both, suggesting a larger footprint within the 6.5-kilometer- (4 miles) long trend on the company's namesake White Gold District, Yukon. Located roughly 95 kilometers (59 miles) south of Dawson City and practically next door to Western Copper...
Continuing a tradition of robust investments to unlock the enormous gold potential on its Nunavut properties, Agnico Eagle Mines Ltd. budgeted more than US$90 million on exploring this politically attractive and stable jurisdiction in Canada's Far North during 2022. Going into the year, Agnico already had an aggressive US$60.2 million exploration campaign budgeted for its three gold mine and regional exploration properties in Nunavut. Given the success of this work, by...
While a small group of dedicated explorers returned in 2022 to advance production and development projects in Nunavut, a growing number of newcomers fanned out across the northern territory in search of a variety of minerals. Some came seeking gold deposits like those being explored and mined by Agnico Eagle Mines Ltd., while others chased historical occurrences of newly designated critical metals, especially copper and certain base metals, now in high demand for...
With mineral exploration expenditures nearly doubling over the past year, Nunavut has dethroned Yukon as the most popular Canadian territory to discover and expand deposits of industrial, precious, and critical minerals. According to preliminary estimates published by Natural Resources Canada, roughly C$232.4 million (US$173.7 million) will be spent on exploration and deposit evaluation in Nunavut this year, a 95% leap from over the C$119.2 million (US$89.1 million) invested...
In response to an increasing number of precious metals investors wanting to know that the bullion they are buying is responsibly sourced, the Royal Canadian Mint has introduced its first gold bullion coin completely sourced from a single operation – Agnico Eagle Mines Ltd.'s Meliadine mine in Nunavut. "Agnico Eagle is proud to be a partner of choice as a trusted source of responsibly produced gold for the Royal Canadian Mint's first-ever single-source mined gold bullion c...
Adds $30 million to 2022 budgets at Nunavut gold mines, projects Agnico Eagle Mines Ltd., now firmly established as a gold producer in Nunavut, is adding another US$30 million to an already generous 2022 exploration budget for two of its three operations in the Far North Canadian territory. Agnico views Nunavut as a politically attractive and stable jurisdiction with enormous geological potential. The company reported gold production exceeding 774,000 ounces from its two...
White Gold Corp. July 5 announced the start of its 2022 drill program at the Betty Ford and Mascot gold targets on the Betty property, located within the southern part of the company's enormous land package that covers much of the White Gold District in Yukon, Canada. Betty is strategically positioned about 15 kilometers (9 miles) northeast of Western Copper and Gold Corp.'s Casino porphyry deposit and 40 kilometers (25 miles) east of Newmont Corp.'s Coffee gold deposit. "Our...
Dozens of prospectors and junior mining companies are trekking into the bush in Yukon Territory this field season, seeking the next big pot of gold in a fabled land rich with possibilities. Leading the charge is White Gold Corp., which initiated 7,500 meters of drilling, including 5,000 meters of diamond drilling, 1,000 meters of reverse circulation drilling and 1,500 meters of rotary air blast drilling. The 2022 exploration program began with diamond drilling at the Ryan's...
White Gold Corp. June 13 announced the start of its 2022 diamond drill program targeting both Ryan's Surprise and Ulli's Ridge on the company's expansive and underexplored over 1-million-acre (422,730 hectares) land package in the emerging White Gold District in Yukon, Canada. Much of this year's program will further evaluate targets on the White Gold and Betty Ford properties to follow up on encouraging results encountered during the 2021 exploration, as well as to perform...
With diamond prices climbing while global production is expected to remain flat through 2027, the outlook for diamond explorer North Arrow Minerals Inc. is shining bright. The company Feb. 22 reported progress at its projects across Canada, including work undertaken in 2021 at its advanced diamond project in Nunavut. North Arrow said processing of a 2,000-metric ton bulk sample extracted in 2021 from its Naujaat diamond project located on the Melville Peninsula is about...
Mineral exploration activity in Nunavut intensified in 2021 as mining companies mounted larger and more extensive programs in response to stronger capital markets, government infrastructure initiatives, and the easing of restrictions imposed to curb effects of the ongoing Covid-19 pandemic. Spanning 2 million square kilometers (about 782,000 square miles), the territory has 25 communities and about 39,353 residents, of whom 84% are Inuit. Nunavut has no roads, and all but one...
White Gold Corp. Feb. 10 announced that the maiden diamond drill program at Ulli's Ridge has cut high-grade gold at this discovery target about 3,000 meters southwest of the Golden Saddle and Arc deposits on the company's White Gold property in the Yukon. The Golden Saddle and Arc deposits host 15.6 million metric tons of indicated resource averaging 2.28 grams per metric ton (1.14 million ounces) gold; and 9 million metric tons of inferred resource averaging 1.39 g/t...
Mining exploration and production activity soared in Yukon Territory in 2021 thanks to high metals prices, pro-industry government policies, and mounting successes in the field. Bouncing back from some of the most challenging working conditions in modern history due to the COVID-19 pandemic, placer and hardrock miners stepped up the pace of their activities, posting record production numbers and promising exploration results. With the rollout of COVID vaccines and the prospect...
For Agnico Eagle Mines Ltd., 2021 proved to be a transformative year at its operations in Nunavut. The gold miner acquired a third mine in the Far North Canadian territory, completed extensive exploration programs at its mine properties in Nunavut, and edged closer to its goal of zero carbon emissions from its operations by 2050. Agnico also entered a proposed merger-of-equals agreement with Kirkland Lake Gold, a combination that would create the third-largest gold miner in...
