The mining newspaper for Alaska and Canada's North
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Newmont Corp. has laid down a US$311 million (C$393 million) cash offer to acquire full ownership of GT Gold Corp. and its Tatogga copper-gold-silver project in the traditional territory of the Tahltan Nation of northwest British Columbia. "We are excited to expand our world-class portfolio to include the Tatogga project in the Tahltan Territory located in the highly sought-after Golden Triangle district of British Columbia, Canada," said Newmont President and CEO Tom Palmer....
White Gold Corp. May 19 reported that its 2020 exploration program at the Betty gold project in the Yukon identified several targets for drilling slated for this year. Situated about 15 kilometers (nine miles) northeast of Western Copper and Gold Corp.'s Casino copper-gold deposit and 40 kilometers (25 kilometers) east of Newmont Corp's Coffee Gold deposit, the 17,127-hectare (42,322 acres) Betty property covers the eastern strike extension of the Coffee Creek Fault, which...
GT Gold Corp. July 6 released a maiden mineral resource estimate for the Saddle North porphyry copper-gold-silver deposit on the company's Tatogga property in British Columbia's Golden Triangle. Based on 41 holes of drilling completed since late in 2017, Saddle North hosts 298 million metric tons of indicated resource averaging 0.28% (1.81 billion pounds) copper, 0.36 grams per metric ton (3.47 million ounces) gold, and 0.8 g/t (7.58 million oz) silver; plus 543 million...
Newcrest Mining Ltd. and Imperial Metals Corp. March 10 announced the discovery of new zones of higher-grade copper-gold mineralization at Red Chris Mine that greatly expands the near-mine exploration potential of this property about 20 kilometers (12.5 miles) southeast of the Tatogga copper-gold project Newmont Corp. is acquiring through its C$393 million buy-out of GT Gold Corp. Since Newcrest acquired a 70% interest in Red Chris in the fall of 2019, the Australia-based...
From the first glimpse of a potential new discovery to watching the first load of ore pour into a new mill, mineral explorers working in Yukon Territory during 2020 reported experiencing the full gamut of mining highs. Encouraged by the commissioning of the Eagle Gold Mine, government grants for exploration projects, and metals prices, dozens of juniors rushed to the Yukon to chase prospects in the northern territory. "Based on the historic trends, coming into 2020, it looked...
Challenged by a global pandemic and a particularly wet summer, many of Northern British Columbia's mineral explorers became adept to adjusting on the fly as they endeavored to unlock the rich precious, base, and battery metals potential of this section of the Pacific Cordillera. With companies like Skeena Resources Ltd. and Ascot Resources Inc. running year-round drill programs as they seek to establish a new era of gold-silver mines at historic operations in the Golden Triang...
White Gold Corp. Jan. 21 reports that its 2020 sampling, trenching, drilling program encountered strong gold mineralization at several targets on its adjacent JP Ross and Hen properties in Yukon's White Gold District. White Gold began its 2020 program with drilling at Titan, an intriguing target on the road accessible Hen property. Rotary air blast (RAB) drilling carried out late during the 2019 program tapped a bedrock source for the strong gold mineralization found on the su...
After COVID-19 delays to the start of 2020 exploration at Tatogga, in late June GT Gold Corp. began mobilizing crews and equipment to this exciting gold-copper-silver property in British Columbia's Golden Triangle. The 2020 field work, which included a 4,481-meter drill campaign, was carefully designed to comply with a robust COVID-19 prevention plan that aligned with provincial regulatory requirements and guidance provided by the Tahltan First Nation COVID-19 emergency...
White Gold Corp. continues its systematic exploration of dozens of targets it has identified across its more than 1-million-acre land package in Yukon's White Gold District. In June, the Yukon-focused gold exploration company announced that longtime strategic partners and new institutional investors are participating in a C$6 million financing that involves the issuance of 6.67 million flow-through shares at C90 cents each. Gold majors Agnico Eagle Mines Ltd. and Kinross Gold...
Klondike Gold Corp. drilled roughly 50 holes during the 2020 program at its Klondike District property, a 586-square-kilometer (226 square miles) land package that blankets much of the legendary 20-million-ounce placer gold district near Dawson City, Yukon. This program included four phases of drilling at the Lone Star and Stander (formerly known as Nugget) zones that lie between the Eldorado and Bonanza Creeks of Klondike Gold Rush fame. The initial phase of drilling...
White Gold Corp. Oct. 22 reported that this year's trenching, GT probe and soil sampling at JP Ross has identified widespread structurally controlled gold mineralization at multiple targets on the road accessible property in Yukon's White Gold District. "To date, at least 14 gold targets have been identified on the JP Ross property across a 14- by 11-kilometer (8.7 by 6.8 miles) area, many within close proximity to significant current and historical placer gold operations,"...
GT Gold Corp. Aug. 10 reported that drills are now turning on the company's Tatogga gold-copper-silver property in northwestern British Columbia, Canada. After postponing the start of its 2020 Tatogga exploration program due to COVID-19, on Aug. 6 the company began a 10,000-meter drill campaign that will initially target Quash Pass, a promising copper-gold-silver target about seven kilometers (4.3 miles) southwest of the Saddle North porphyry copper-gold deposit on the...
White Gold Corp. June 29 announced the launch of its 2020 exploration program, including drilling at Titan, a high-grade gold project on the Hen property about 70 kilometers (43 miles) southeast of Dawson City, Yukon. "We are very excited to kick off our 2020 exploration program," said White Gold CEO David D'Onofrio. "The fully funded program is designed to be focused and impactful starting with drilling the Titan anomaly identified late last year and to follow up on some of...
Klondike Gold Corp. June 1 announced that the 2020 exploration program is underway on its Klondike District property, a 586-square-kilometer (226 square miles) land package that blankets much of the legendary 20-million-ounce placer gold district near Dawson City, Yukon. This year's program includes three phases of drilling targeting the Lone Star and Stander (formerly known as Nugget) zones, which lie between the Eldorado and Bonanza Creeks of Klondike Gold Rush fame. The...
White Gold Corp. is gearing up for another season of systematically advancing the dozens of exploration targets identified across its more than 1-million-acre (422,730 hectares) land package in Yukon's White Gold District. On May 15, the Yukon-focused gold exploration company announced that longtime strategic partners and new institutional investors are participating in a C$6 million financing that involves the issuance of 6.67 million flow-through shares at C90 cents each. Go...
GT Gold Corp. April 3 said the planned 2020 exploration program on its Tatogga gold-copper project in the Tahltan Territory of northwestern British Columbia would typically get started toward the end of May but could be delayed due to the COVID-19 outbreak. In response to the challenges posed by COVID-19, GT Gold has taken steps to support the health and safety of its employees and contractors. These measures include limited in-person meetings, postponed business travel and...
Canada's provinces and territories have fallen from grace in the eyes of the global mining community, according to the latest rendition of Fraser Institute's Annual Survey of Mining Companies. For the first time in a decade, no Canadian jurisdiction ranks in the top 10 for "investment attractiveness" in the annual survey conducted by the Canadian public policy think-tank. This report asks industry professionals from around the globe to score mining jurisdictions based on their...
White Gold Corp. Jan. 9 announced that rotary air blast (RAB) has confirmed robust bedrock gold mineralization at several targets beyond the high-grade Vertigo discovery on the road accessible JP Ross property about 60 kilometers (37 miles) southeast of Dawson City, Yukon. The company completed 1,644 meters of RAB drilling in 27 shallow holes that tested outlying prospective areas at Vertigo and several other nearby targets. The targets were generated from the company's...
Tectonic Metals Inc. Dec. 19 reported that its late season rotary air blast (RAB) drill program at the Northway project in eastern Alaska tapped porphyry-style mineralization in both target areas tested. The 184,000-acre Northway property covers 25 miles (40 kilometers) of robust gold-in-soils along the paved Alaska Highway. Tectonic is exploring this property under a 2018 lease agreement with Doyon Inc., the Alaska Native regional corporation for Interior Alaska. This...
GT Gold Corp. Dec. 2 reported long sections of porphyry copper gold mineralization in three more of the holes drilled this year into the Saddle North discovery on its Tatogga property in northwestern British Columbia. Since first tapping Saddle North during 2018, GT Gold has outlined a porphyry body that measures roughly 1,500 meters down-plunge, 700 meters along strike and is 200 to 560 meters thick. Within this broader zone of mineralization is a core of higher-grade...
White Gold Corp. Nov. 26 announced high-grade gold intercepts from discovery drilling of the Titan target at the company's Hen property in Yukon's White Gold District. Situated less than 15 kilometers west of the Vertigo discovery on the JP property and 25 kilometers north of the Golden Saddle and Arc deposits on the White Gold property, Titan is a new discovery identified with soil sampling by White Gold. One sample from Titan returned 113 grams per metric ton gold, the...
Investors looking for mineral exploration companies boasting a team with a proven track record and gold properties in safe and mineral-rich jurisdictions have a new choice with the Tectonic Metals Inc. symbol, TECT, listed on the TSX Venture Exchange at the opening of trading on Nov. 18. While Tectonic may be the newest mineral explorer on the TSX Venture Exchange, the company has been acquiring and assessing gold properties in Alaska for the past two years as a privately...
Though mineral exploration in Yukon Territory this year lagged the pace seen in 2018, mine development projects advanced at a steady clip in 2019, while several past-producing mines moved toward resuming output. Yukon ranked fourth in Canada for projected spending on mineral exploration and deposit evaluation for 2018, according to statistics distributed by Natural Resources Canada. Spending for mineral exploration and deposit evaluations totaled C$249.4 million, made up of C$...
Whether it be precious metals such as gold and silver, base metals like copper and zinc, or battery metals like nickel and cobalt, northern British Columbia is rich in the type of metal deposits that junior mining companies are hoping to discover and majors are wanting to mine. Couple this mineral endowment with good infrastructure – especially stacked up against the other jurisdictions in the North of 60 Mining News coverage area – and northern B.C. continues to draw str...
The two mega-mergers that hit the gold mining sector early in 2019 – Barrick Gold Corp. combining with Randgold Resources Ltd. and Newmont Mining Corp. acquiring Goldcorp Inc. – is forever changing the gold mining landscape around the world. While the two largest gold mining companies Newmont Goldcorp (No. 1) and Barrick (No. 2) are still in the process of shedding assets following the mega-mergers, it seems that Newmont Goldcorp will emerge with a much stronger foothold in...