The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 76 - 100 of 119
Goldcorp Inc. April 26 reported preliminary results from the 2017 drill program at its Coffee gold project in the Yukon. Drilling began in March with two reverse circulation rigs at the Supremo T8-9 and Arabica targets. Supremo T8-9 is located about 200 meters east of the planned Supremo open-pit mine. Results from 17 holes were available by the end of the first quarter. Highlights from these holes include 10.66 meters of 1.88 grams per metric ton gold from a depth of 51.82 meters and 15.24 meters of 1.38 g/t gold from 59.44...
Arcus Development Group Inc. Aug. 22 announced that it has completed the purchase of Atac Resources Ltd.'s 50 percent interest in the Dawson Gold joint venture, which consists of the Dan Man, Touleary, Green Gulch and Shamrock properties in the White Gold District of Yukon Territory. The Dan Man property is located immediately north of Goldcorp Inc.'s Coffee claims; and Touleary property is the location of the first significant volcanogenic massive sulfide system identified in the White Gold District. In exchange for Atac's...
Strategic Metals Ltd. Aug. 3 posted results from exploration at its OOO property, a silver-gold property located midway between Goldcorp Inc.'s Coffee gold project and Rockhaven Resources Ltd.'s Klaza gold-silver project. The silver- and gold-rich epithermal veins at OOO have received little historical exploration and have never been drilled. Strategic dug a trench (TR-16-01) by hand across a strong linear where a 2015 rock sample returned 6,680 grams per metric ton silver, 30.22 percent lead and 0.80 g/t gold. Chip sample...
Arcus Development Group Inc. announced Oct. 24 that Goldcorp Inc. intends to participate in a non-brokered private placement which will give the major a 19.9 percent interest in the Yukon-focused gold explorer. The financing will involve 12,610,916 flow-through units to be sold at C10 each and 1,789,084 regular units to be sold at C7.7 cents each. Each unit will consist of one Arcus common share and half a transferable warrant that allows the holder to purchase an Arcus common share at C20 cents for a period of 24 months...
Great American Minerals Exploration Inc. has closed a landmark option agreement with Sumitomo Metal Mining that consolidates the Monte Cristo and Uncle Sam gold properties into a single 55,465-acre project about 40 miles west of the Pogo Mine in Interior Alaska. GAME, as the company is commonly known, is no stranger to the Pogo region. In fact, the privately held Nevada corporation staked its first claims there in 1997 and has held onto a position in the area ever since. This...
The glimmer of gold and robust Coffee provided North of 60 mining explorers with a much needed pick-me-up in 2016. At the dawn of the year, Alaska and northern Canada’s mining sectors were being dragged down by a long and grueling bear market from five years of sinking metals prices that weighed heavily on the market value and sentiment of explorers. Unfortunately, these bearish conditions cut across both precious and base metals. Gold entered 2016 at US$1,082 per ounce, m...
Strategic Metals Ltd. has more than 100 mineral properties in the Yukon, making it the largest claim holder in the territory. These properties, along with projects it has in neighboring Northwest Territories and northern British Columbia, are prospective for gold, silver, lead, zinc, copper, tin, tungsten, vanadium and lithium. The company started off its 2016 exploration by acquiring additional information at some of its most prospective gold projects in Yukon. The work included trenching at OOO, a silver-gold property...
Independence Gold Corp. is exploring a growing portfolio of gold projects in Yukon Territory and British Columbia. Boulevard, a gold property that lies immediately south and west of Goldcorp Inc.'s recently acquired Coffee gold mine project, has been a primary exploration focus in recent years. Goldcorp, which acquired Coffee through a C$500-million buy-out of Kaminak Gold Corp., also acquired a 19.99 percent interest in Independence Gold buy purchasing 10.88 million shares of that company through a private placement in...
When Kaminak Gold Corp. cut a deal with Shawn Ryan, an enterprising prospector in Yukon Territory, to option the Coffee gold project in 2009, the exploration company had a hunch it nabbed the best property in the emerging White Gold district. After six years of diligent and well-executed exploration, the junior’s intuition may have been confirmed by Goldcorp Inc.’s willingness to cut a half-billion-dollar all-shares deal to get its hands on the exciting Yukon Territory gol...
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...
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...
Roads to some of Yukon's richest mining districts are getting more than C$360 million in upgrades. Canada Prime Minister Justin Trudeau rolled out the plans to invest in modern transportation infrastructure during a visit to the territory on Sep. 2. "Modern infrastructure is key to developing and properly managing the incredible natural resources we have at our fingertips," Trudeau said. The prime minister pledged C$247.8 million to the Yukon Resource Gateway project, a...
Auryn Resources Inc. April 20 reported that it has begun mobilizing fuel and supplies for an extensive summer exploration program at its Committee Bay gold project in Nunavut that includes 25,000 meters of drilling. In January, Goldcorp invested C$35 million in Auryn, giving the gold mining major a 12.5 percent stake in the exploration company. The 2017 program will include exploration of 12 newly identified targets across the 3,800-square-kilometer (1,500 square miles) Committee Bay property. Drilling will be focused within...
With winter programs winding down and summer efforts rapidly ramping up, it is becoming clear that 2017 will be a much more vigorous year for the Alaska mining industry than the 2013 to 2016 period. For example, my internal estimates are already pushing $75 million for exploration activity alone and a significant number of projects that have announced exploration plans have not yet announced budgets for 2017, so that number is likely to rise. Compare this to estimates of less...
Sparked by the discovery of the White Gold district and fueled by investors' appetite for mining stocks, the Yukon experienced a modern era gold rush in 2007 that included nearly C$1 billion of exploration spending during over six years. This frenzied exploration turned up dozens of gold projects across the northern territory and now some of the world's biggest gold miners are cutting deals on the best of the discoveries made. Kinross Gold Corp. was the first of the major...
Independence Gold Corp. May 31 announced plans for a C$2-million exploration program in the Yukon this year that will include drilling at its Boulevard gold project, adjacent to Goldcorp's Coffee project, and geochemical sampling on several of the company's Yukon properties and other property acquisitions. Goldcorp has invested in Independence and currently owns 19.9 percent of the exploration company. During the 2017 program, Independence plans to continue systematically...
Stakeholder Gold Corp. Aug. 3 reported encouraging results from an initial phase of exploration at it Ballarat gold property in the Yukon Territory. Planned and executed by GroundTruth Exploration Inc., an innovative exploration company founded by Shawn Ryan, the program included soil sampling; GT Probe bedrock interface sampling; ground-based resistivity/induced polarization surveying; and a drone survey to collect detail imagery of the entire property. This work has significantly expanded the Eastern zone target. Before...
Colorado Resources Ltd. Aug. 4 announced that Goldcorp Inc. is making a strategic investment that will give the major a roughly 14.25 percent interest in the explorer. At the same time, Colorado has cut a deal with Seabridge Gold Inc. to acquire full ownership of the KSP copper-gold project in northern British Columbia. "This is one of the most important milestones in Colorado's eight-year history," said Colorado President and CEO Adam Travis. "Goldcorp's investment will not...
TMAC Resources Inc. Aug. 14 said its first drill program at the Boston deposit, located in the southern portion of its Hope Bay project in Nunavut, has cut high-grade gold mineralization over wide widths. "Since acquiring the Hope Bay Project in 2013, we have focused on Doris and patiently waited to initiate a major exploration campaign at Boston until we had the Doris mine in commercial production. Having achieved that effective June 1, we recommissioned the Boston camp located about 60 kilometers south of the Doris complex...
Fireweed Zinc Ltd. May 29 announced the completion of a C$4 million initial public offering and the start of trading on the TSX Venture Exchange. Fireweed is a new exploration company that has an option to acquire Macmillan Pass, a major advanced zinc-lead project in eastern Yukon. Macmillan Pass includes two large zinc-lead-silver deposits known as Tom and Jason. Together, these deposits historical resources of 6.43 million metric tons averaging 6.33 percent zin, 5.505...
Auryn Resources Inc. Jan. 9 said Goldcorp Inc. has agreed to invest C$35 million to acquire a roughly 12.5 percent interest in the gold exploration company. The deal with Goldcorp is part of a larger financing that is expected to gross C$18.17 million in cash from direct share subscriptions and C$23 million from the sale of flow-through shares. Goldcorp has agreed to acquire all of the direct shares and some of the shares offered on a flow-through basis. Under Canadian tax law...
G4G Capital Corp. Dec. 20 announced the appointment of renowned Yukon prospector Shawn Ryan to its board of directors. In recent years Ryan has made a number of important gold discoveries in the Yukon, including the 2.2-million-ounce Golden Saddle deposit at Kinross Gold's White Gold property; Goldcorp's roughly 3-million-oz. Coffee deposit; as well as a number of other prospects and deposits being explored in Yukon's prolific White Gold District. "With the addition of Shawn,...
Strategic Metals Ltd. Dec. 19 announced plans to spin-out three precious metals properties in the Yukon - Eureka, Triple Crown (formerly called OOO) and Treble (formerly called LLL) - and sufficient cash to qualify for a listing on the TSX Venture Exchange to Trifecta Gold Ltd. in exchange for Trifecta shares. Eureka is an orogenic gold project in the legendary Klondike goldfields about 70 miles (110 kilometers) road miles south of Dawson City. Triple Crown and Treble are...
Independence Gold Corp. Oct. 12 provided results from a 30-hole drill program at its Boulevard gold project in the White Gold District, Yukon. A total of 1,401 meters of reverse circulation drilling was completed in 15 holes within the Sunrise-Sunset area, which is 8.5 kilometers (5.3 miles) southwest of Goldcorp Inc.'s recently acquired Coffee deposit. Drilling evaluated multi-element soil anomalies within the 2,300-meter-long Sunset trend and focused on testing new, potentia...
Independence Gold Corp. July 21 reported the start of a roughly 2,000-meter reverse circulation drill program at its Boulevard gold project, which borders the Coffee Gold property now owned by Goldcorp Inc. The second phase of Independence Gold's 2016 Yukon exploration program also will include a rotary air blast drill program on its recently optioned Rosebute gold property situated 58 kilometers (36 miles) south of Dawson City. The Coffee Creek fault system, an important stru...
