The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 25 of 122
Company sees Brandon Macdonald step down; position to be held by Peter Hemstead in interim. Fireweed Metals Corp. May 3 announced an abrupt change of management with the replacement of its former CEO and director, Brandon Macdonald, for Peter Hemstead, who has been appointed as the interim president and CEO. "On behalf of the board, I would like to thank Brandon for the role he has played in helping build Fireweed into one of Canada's leading base-metal exploration...
Sampling discovers more than 1,000-meter-long gold-in-soil anomaly that shares characteristics with nearby VG and Golden Saddle deposits. White Gold Corp. Feb. 22 announced that its 2023 soil sampling program identified a 1,000-meter-long gold-in-soil anomaly about nine kilometers (5.6 miles) northwest of the VG deposit on the QV property that has all the hallmarks similar to the Golden Saddle deposit on the company's nearby White Gold project in Yukon, Canada. "We are very...
With the roughly $19 billion buyout of Newcrest Mining Ltd., Newmont Corp. has added two operating mines to its already impressive portfolio of gold and copper assets in the Golden Triangle region of Northern British Columbia. "By combining the two existing Newcrest operations, Brucejack and Red Chris, with Newmont's Saddle North and Galore Creek projects, a Tier 1 district in the highly prospective Golden Triangle region of British Columbia will be created – a district in w...
Dolly Varden Silver Corp. Jan. 16 reported that its 2023 drilling has significantly expanded the high-grade mineralization at the Homestake Silver deposit toward the north end of the company's Kitsault Valley project at the southern tip of British Columbia's Golden Triangle. Lying about 40 kilometers (25 miles) southeast of Stewart, BC, the 63-square-mile (163 square kilometers) Kitsault Valley project is an amalgamation of Dolly Varden's namesake project and the adjacent...
World's top gold mining company adds two Golden Triangle mines to its two large gold-copper projects in Northern BC. In a historic deal that adds to Newmont Corp.'s position as the world's largest gold producer while also substantially boosting its production of the copper needed for the energy transition, the Colorado-based mining company has completed the roughly US$19 billion buyout of Newcrest Mining Ltd. "Today marks a historic milestone in our company and the industry...
Snowline Gold Corp. Oct. 19 announced another incredible length of mineralized core from surface, extending over 400 meters, averaging 1.43 grams per metric ton gold from its latest batch of assays reported from drilling the Valley target on the company's Rogue project in Yukon, Canada. While a short but sweet release of only two holes, these are adding to Snowline's entries into the Yukon gold intercept record books. Much like its earlier reported more than 500-meter...
Thesis Gold Inc. Oct. 11 reported deep drilling at Lawyers continues to cut intervals of high-grade gold-mineralization within broader zones below the proposed open-pit at Dukes Ridge, further supporting a plan for both underground and open-pit mining at this gold-silver project in Northern British Columbia's Toodoggone Mining District. Earlier this year, Thesis finalized a merger with Benchmark Metals Inc. that consolidates the adjacent Lawyers and Ranch gold-silver projects...
Merged company will hold several world-class gold, copper assets in Northern BC's Golden Triangle. In a deal that will bring together several world-class copper and gold projects in British Columbia's Golden Triangle, Newmont Corp. and Newcrest Mining Ltd. have agreed upon a merger worth A$28.8 billion (US$19.3 billion) to Newcrest shareholders. "The combination of Newmont and Newcrest represents an exceptional value proposition for shareholders and other stakeholders," said N...
The North of 60 Mining area hosts billions of pounds of copper ready to be delivered to a world craving this metal in sky-high demand for wiring the electric vehicles and renewable energy infrastructure that would enable the envisioned low-carbon future. Whether enough of these copper-rich projects are developed in time to circumvent a short circuit of the clean energy transition remains to be seen. Global Market analysts such as S&P Global have predicted that copper... Full story
New $19.6 billion proposal deemed fair by Newcrest board; companies advance one step closer to merger. With a new US$19.6 billion (A$29.4 billion) offer, Newmont Corp. is one step closer to completing a merger with Newcrest Mining Ltd. For Newmont, which is already the world's largest gold mining company, the proposed combination with Newcrest would add gold and copper production from mines in Australia, Canada, and Papua New Guinea. In February, it was revealed that Newmont...
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...
Proposed merger could have major implications for several mining projects in BC's Golden Triangle. Over the weekend, Newcrest Mining Ltd. and Newmont Corp. confirmed rumors of a proposed merger that has major implications for the future of mining in British Columbia's Golden Triangle. "We believe a combination of Newmont and Newcrest presents a powerful value proposition to our respective shareholders, workforce and the communities in which we operate," said Newmont President...
Nova Minerals Ltd. Aug. 22 followed up on the long sections of high-grade gold assays reported earlier this month from drilling at RPM North with even longer sections of higher-grade gold at this exciting gold deposit on the Australia-based explorer's Estelle property in Alaska. Located about 16 miles south of the 8.1-million-ounce Korbel gold deposit at the north end of the Estelle property, RPM hosts 23.1 million metric tons of inferred resource averaging two grams per...
Nova Minerals Ltd. Aug. 8 reported highly encouraging gold recovery results from its first phase of metallurgical test work on mineralization from its high-grade RPM North deposit on the Estelle property in Alaska. Currently, it is envisioned that ore mined from RPM would be transported to a central processing facility at Korbel, a larger but lower grade gold deposit that lies about 16 miles to the north. According to an initial scoping study completed earlier this year, a...
Tahltan Central Government says Newmont Corp.'s plans to turn over properties to the Tahltan Nation for land use planning does not address all the concerns its people have about the gold mining company's plans for development on a large gold-copper project near the community of Iskut, British Columbia. "The Tahltan Central Government is clear to outside governments, industry and the world that working alongside the Tahltan Nation as true partners is a must. No exceptions,"...
Newmont Corp. March 30 announced plans to acquire several blocks of mineral exploration claims in British Columbia's Golden Triangle for the support of land use planning in the Tahltan Territory. The Tahltan-BC Land Use Plan, which is based on the recognition of Tahltan title and rights within the nation's 96,000-square-kilometer (37,000 square miles) territory in northwestern BC, is expected to be one of the key tools that will inform land use decisions under a new...
With the completion of the buyout of GT Gold Corp., Newmont Corp. has bolstered its portfolio of copper and gold projects in Northern British Columbia and the Yukon. "With the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia, Canada, Newmont continues to strengthen our world-class portfolio," said Newmont President and CEO Tom Palmer. Newmont first grabbed a solid foothold in the Golden Triangle with the... Full story
From exploring resource expansion and discovery targets on its namesake property to testing a potential hardrock source of the rich placer streams in the Sixtymile district near the Alaska border, White Gold Corp. continues to systematically advance multiple gold targets across its more than 1 million acres of prospective land in Yukon's prolific White Gold District. This work is bolstered by the technical and financial support of strategic partners Agnico Eagle Mines Ltd.... Full story
Despite a season challenged by heavy rains and an early snowstorm, the massive amount of exploration carried out in Northern British Columbia during 2021 piled loads of drill core and surface samples on assay labs already severely backlogged by COVID-19 protocols and restrictions that slowed the flow of samples in and data out of these facilities. Just how busy was the 2021 exploration season across the northern half of BC? According to North of 60 Mining News calculations,... Full story
Heliostar Metals Ltd. Sept. 16 reported that this year's drilling has tapped broad widths of gold and copper mineralization indicative of a large porphyry zone at the Zachary Bay target on its Unga Island gold project in Southwest Alaska. While high-grade gold targets like those historically mined on Unga Island are Heliostar's primary interest, the company is also exploring the value that the bulk tonnage targets on the property have to offer. "High-grade gold is the...
From its first-ever diamond drill program on the Betty property in the vicinity of Western Copper and Gold Corp.'s Casino copper-gold project in the Dawson Range to testing a potential hardrock source of the rich placer streams in the Sixtymile district near the Alaska border, White Gold Corp. is in the midst of an expansive exploration program across its more than 1 million acres of prospective land in Yukon's prolific White Gold District. "We are anticipating an exciting...
Ascot Resources Ltd. Aug. 9 reported that drilling continues to discover new zones of high-grade gold and silver mineralization to the northwest of the resource outlined in the Premier-Northern Lights deposit at its mine project near Stewart, British Columbia. "We are very pleased with recent drill results as they build upon recent success in this area northwest of the Premier deposit and have identified new areas of high-grade mineralization outside of existing resources,"...
White Gold Corp., one of the most active mineral exploration companies in Canada's North in recent years, is taking a closer look at Nolan, a property found in Yukon's fabled Sixtymile area near the Alaska border. Here, eager prospectors have pulled gold from the region's creeks and streams since the precious metal was first discovered in the region in 1884. White Gold is betting throngs of prospectors who scoured the area during the past 136 years left a lot of gold behind. T...
The ultimate goal for most junior exploration companies is to discover and advance a mineral deposit to the point that it is large and rich enough to attract the attention of a major mining company to swoop in and nab a stake through an investment in the project or even an outright buyout of the junior. Sometimes, if the global market conditions are right and the project shows enough promise, majors will invest in a project long before an economically viable mining project... Full story
With the completion of the buyout of GT Gold Corp., Newmont Corp. has bolstered its portfolio of copper-gold projects in British Columbia's Golden Triangle. "With the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia, Canada, Newmont continues to strengthen our world-class portfolio," said Newmont President and CEO Tom Palmer. Newmont first grabbed a solid foothold in the Golden Triangle with the 2018...
