The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 75 of 139
Yukon Territory, a mineral exploration frontrunner in Canada's North, is witnessing a significant slowdown in 2019. As a result, growth in Yukon's economy is expected to slow this year but rebound in 2020, according to The Conference Board of Canada. In its "Territorial Outlook Economic Forecast: Summer 2019," released in June, the board said new mines coming online in 2020 will drive Yukon's growth in the near future. Several factors, however, have converged to put the...
The Canadian government has dedicated C$2.2 billion to clean up contaminated mine sites in the Yukon and Northwest Territories. The eight projects to be addressed with this investment are the historical Faro, United Keno Hill, Mount Nansen, Ketza River and Clinton Creek mines in the Yukon; and Giant, Cantung and Great Bear Lake mines in the Northwest Territories. This new remediation effort, Northern Abandoned Mine Reclamation Program, was introduced by the Honorable Carolyn...
Banyan Gold Corp. July 16 announced the completion of a 1,000-meter drill program at its Aurex-McQuesten gold project near the community of Mayo, Yukon. Banyan had two objectives for its 2019 exploration program at Aurex-McQuesten; to continue to define and increase confidence within the McQuesten gold zone mineralization with infill drilling; and test a largely undrilled target area 1,000 meters south of the McQuesten zone, on the Aurex claim block, that is interpreted to...
Crown-Indigenous Relations and Northern Affairs Canada (CIRNAC) has sold the abandoned Mount Nansen Mine to Alexco Environmental Group and JDS Energy and Mining. Mount Nansen is the site of a historical gold and silver mine that was owned by BYG Natural Resources Inc. Unable to meet the requirements of its water license, BYG ceased mining and appointed a receiver who abandoned the property in 1999. Situated about 60 kilometers (37 miles) west of the community of Carmacks and...
With a pre-feasibility study that details a small but financially robust mine, Alexco Resource Corp. is ready to ramp up mining at its Keno Hill Silver District project in the Yukon. "The results of the PFS reflect the exceptional asset we have in Keno Hill and demonstrate a robust high margin primary silver operation that can produce approximately 4 million ounces of silver per year," said Alexco Resource Chairman and CEO Clynt Nauman. At an average rate of about 430 metric...
Alexco Resource Corp. Jan. 21 reported that a 26-hole reconnaissance drill has discovered deeper and fault offset extensions of the high-grade silver mineralization at Bermingham, as well as strong gold mineralization across the company's wider Keno Hill Silver District in Canada's Yukon. "Our late season reconnaissance drilling program answered a number of long standing questions, most importantly confirming the presence of the Bermingham deposit structural framework down...
Alexco Resource Corp. Sept. 20 reported that drilling over the past two years has nearly doubled the amount of silver contained in the high-grade Bermingham deposit at the company's Keno Hill Silver District project in the Yukon. Bermingham now hosts 1.65 million metric tons of indicated resource averaging 628 grams per metric ton (33.35 million ounces) silver, 1.3 percent (48.69 million pounds) zinc, 1.6 percent (57.89 million lb) lead and 0.12 g/t (6,120 oz) gold. This repre...
Alexco Resource Corp. May 2 reported the completion of the Bermingham underground exploration decline and is preparing for an initial 5,000 meters of infill and exploration drilling in and around the upper portion of this very high-grade silver deposit at its Keno Hill Silver District project in the Yukon. This upper portion being targeted with infill drilling contains an estimated 110,000 metric tons of potentially mineable ore with an estimated head grade of 1,560 grams per...
Alexco Resource Corp. April 14 provided an update on its progress towards the resumption of mining the high-grade deposits at its Keno Hill Silver District project in the Yukon. Alexco began commercial production at Keno Hill early in 2011 but suspended operations in 2013 due to the weakness in silver prices. Since shutting down production, the Vancouver, B.C.-based company has continued exploration of the high-grade silver deposits on its property, which blankets a district...
Alexco Resource Corp. Dec. 29 said the Yukon Water Board has issued an amendment to the company's Water Use License for the development and operation of an underground mine at the Flame & Moth deposit on Alexco's Keno Hill Silver District property. "Receipt of this license amendment is a milestone in our journey toward mine operations and has involved the cooperation and support of our many stakeholders and partners, including the First Nation of Nacho Nyak Dun," said Alexco C...
More than three dozen explorers chased lucrative mineral deposits in Yukon Territory in 2017 and most of these junior and senior companies returned to the northern jurisdiction this year to take another crack at hitting the jackpot. Known for its rich and storied gold mining history as well as its rugged mountain peaks, Yukon is roughly 15 percent larger than California, covering more than 482,000 square kilometers (186,272 square miles). Split off from the Northwest... Full story
Alexco Resource Corp. is making headway toward resumption of commercial mining operations at its Keno Hill Silver District project in the Yukon. In May, the company reported completion of an exploration decline in its Bermingham deposit. The decline provided a platform for 5,000 meters of underground drilling of infill and exploration drilling in and around the upper portion of the very high-grade silver deposit, which contains an estimated 220,000 metric tons of potentially... Full story
Metallic Minerals Corp. (formerly Monster Mining Corp.) Sept. 19 reported the appointment of Greg Johnson as CEO and chairman. Prior to joining Metallic Minerals, Johnson held the position of president and CEO at Wellgreen Platinum and South American Silver, and was a co-founder and executive at Novagold Resources. He began his career with Placer Dome (now Barrick Gold), where he held various senior roles in domestic and international exploration. Johnson was a co-recipient of the PDAC's Thayer Lindsay International...
Alexco Resource Corp. owns a number of mineral properties that blanket nearly the entire historic Keno Hill Silver District of central Yukon Territory, including the Bellekeno silver-zinc-lead mine. The company began commercial production at Bellekeno early in 2011. However, in 2013 the company temporarily suspended operations due to lower silver prices. Since the idling of the mill, Alexco has focused on exploration and development of some of the other deposits on the larger Keno Hill property. The company budgeted C$3.3... Full story
Mineral exploration in Yukon began 2016 much like it finished 2015... Challenging equity market conditions and cautious investors meant junior exploration companies started the season conservatively. The industry got a boost early in the season with the mid-May announcement of Goldcorp’s (www.goldcorp.com) interest in Kaminak Gold’s (http://kaminak.com) Coffee property. By the time Kaminak shareholders approved the C$520 million deal in July, companies were raising money, expanding field programs and making deals across the... Full story
Like a gong proclaiming the end of the long and arduous bear market for North of 60 mining explorers, the May 12 news that Goldcorp Inc. would buy Kaminak Gold Corp. for roughly C$500 million reverberated from Yukon Territory throughout the North. While the rich lure of developing a mine at Kaminak's robust Coffee gold project lured Goldcorp to the Yukon, it was the exploration potential and the ability to permit and build a mine that convinced the producer to expand into the...
Alexco Resource Corp. Dec. 8 reported numerous silver-rich intercepts among the results from the final 32 holes of its 2016 drill program in the Bermingham deposit area of the Keno Hill Silver District in the Yukon. Highlighted intercepts include 7.16 meters grading 4,375 grams per metric ton (140.7 ounces per ton) silver, and 3.98 meters grading 6,477 g/t (208.2 oz/t) silver in the extensively mineralized Bear Vein; and an initial intercept of the newly discovered West Dipping Vein averaging 1,676 g/t (53.9 oz/t) silver...
Alexco Resource Corp. Jan. 3 reported a major expansion of the Bermingham deposit at its Keno Hill Silver District in the Yukon. Bermingham now hosts 868,000 metric tons of indicated resource averaging 628 grams per metric tons silver. The 17.3 million ounces of contained silver is more than a 300 percent expansion from 5.2 million oz in the previous estimate. Additionally, Bermingham's inferred resource has swelled from 700,000 to 5.5 million oz. of contained silver. As a result of the Bermingham expansion, the district-wide...
Alexco Resource Corp. holds rights to mineral claims and leases that blanket nearly the entire historic Keno Hill Silver District of central Yukon Territory, including the Bellekeno silver-zinc-lead mine. The company began commercial production at Keno Hill early in 2011. Due to weak silver prices, however, the Vancouver B.C.-based miner temporarily suspended operations in 2013. This year, Alexco is investing some C$11.9 million for exploration and development expenditures...
As some of the world's biggest gold miners nab exciting plays that turned up across Yukon Territory during the past decade, Yukon's mining explorers continue to seek the next generation of mine projects in the northwestern-most Canadian territory. Many of the up and coming mines in Yukon also are getting a boost from C$360 million in upgrades to roads into some of Yukon's richest mining districts. Known as the Yukon Resource Gateway project, the endeavor to modernize... Full story
Alexco Resource Corp. May 7 said it is putting all the pieces in place to restart the Keno Hill silver mine in the Yukon. In March, the company published a preliminary economic assessment that outlines an operation at the re-opened Keno Hill Mine that would produce 25.1 million ounces of silver, 77.3 million pounds of zinc, 67 million lb of lead and 4,870 oz of gold over eight years. This PEA is centered on the Flame & Moth deposit at Keno Hill but includes ore from the Bermingham, Bellekeno, Lucky Queen and Onek deposit....
Alexco Resource Corp. Aug. 10 reported it has budgeted C$11.9 million for exploration and development expenditures ahead of a decision on resuming production at its Keno Hill silver mine in the Yukon. "Alexco is fully engaged on site operations and a plan to move steadily forward in preparation for a final production decision at Keno Hill," said Alexco Chairman and CEO Clynt Nauman. In March, the company published a preliminary economic assessment that outlines an operation at...
Victoria Gold Corp. Nov. 7 said the C$40 million of pre-development activities at its Eagle Gold Mine project in the Yukon are nearly complete. This program, structured to de-risk the earthwork areas of the mine development project and to prepare the site for efficient construction activities, included: heap leach embankment preparation; control pond construction; project access road and bridge upgrades; pioneering of site roads to the crusher area and gold recovery plant;...
Alexco Resource Corp. Nov. 9 provided an update on its expanded drill program at its Keno Hill Silver District in the Yukon, which included 50 holes totaling 17,300 meters of surface drilling to follow up on high-grade silver identified at the Bermingham prospect. This roughly C$3.3 million program ran from June through late October. Assay results have been received from 18 of 36 holes completed to date. Drilling has confirmed and expanded the Bermingham high-grade zone,...
Alexco Resource Corp. Sept. 13 provided the first round of drill program results in the Bermingham deposit area of its Keno Hill Silver District, Yukon Territory. The company said this drilling has confirmed and expanded Bear zone, the high-grade zone previously discovered at Bermingham. One hole drilled this year, K-16-0608, cut 7.5 meters true width of 2,715 grams per metric ton silver, including 2.4 meters of 6,391 g/t silver in. This high-grade intercept was encountered... Full story
