The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 50 of 130
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...
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...
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...
Victoria Gold Corp. April 20 reported plans to raise C$24 million through a private placement of 80 million units at C30 cents each. Electrum Strategic Opportunities Fund L.P. has subscribed to 60 million of the offered units and Sun Valley Gold LLC has subscribed to the remaining 20 million units. Upon closing of the private placement, Electrum is expected to own roughly 13.6 percent of Victoria Gold's issued and outstanding shares while Sun Valley, already a significant shareholder, will increase its ownership to around 18...
As a follow-up to last month's realization that once again "the game is afoot" in the mining industry, major gold producer Goldcorp recently presented some arresting statistics at the Bank of America Merrill Lynch Global Metals, Mining and Steel Conference. The presentation showed gold discovery and production information for the global mining industry that indicated that peak gold discovery occurred in 1995, this despite three periods between 1995 and 2015 when exploration...
White Gold Corp. Feb. 15 provided an overview of the 2017 exploration program at its 297,000-hectare (734,000 acres) land package in the White Gold District, Yukon. This program will be carried out on 22 of the company's gold properties in the district and is slated to include rotary air blast drilling; soil sampling; bedrock interface sampling, utilizing GroundTruth Exploration's GTProbe; drone surveys; geophysical surveys; mapping and prospecting. This year's planned...
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...
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...
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,...
Silver Range Resources Ltd. Sept. 7 said it has staked and conducted preliminary exploration at the Quartzite gold property in Nunavut's Kivalliq region. Located near Kaminak Lake, 130 kilometers (80 miles) southwest of Rankin Inlet, the Quartzite property covers 10 documented gold occurrences along a nine-kilometer (5.6 miles) area. At the West End zone, quartz carbonate veins carry gold with galena and pyrite. Historical sampling of this material returned assay values of up...
Goldcorp Inc. July 20 said it has completed the acquisition of Kaminak Gold Corp. in an all-shares deal valued at roughly C$401 million when you consider the value of the Goldcorp shares on the day of the closing. As a result of the purchase, Goldcorp now has full ownership of the Coffee Gold project in Yukon Territory. According to a feasibility study published by Kaminak at the beginning of the year, the mine proposed for Coffee is expected to produce 184,000 ounces of gold...
Independence Gold Corp. July 7 reported the completion of its phase-1 exploration program the Boulevard and Moosehorn projects in the White Gold District, Yukon Territory. This work included geologic mapping, prospecting and the collection of 1,056 soil samples on both gold properties. In addition, 527 meters of trenching was completed at Moosehorn, located near the Alaska border about 133 kilometers (83 miles) southwest of Dawson City. Results from this program will assist...
Independence Gold Corp. June 20 reported that Goldcorp Inc. intends to buy 10,884,880 flow-through shares of Independence for net proceeds of C$1,959,278.40. Upon completion of this private placement financing, Goldcorp will own roughly 19.9 percent of Independence Gold's issued and outstanding shares. "We are pleased to welcome Goldcorp as a shareholder of Independence. We view this investment as a validation of our exploration results and as well as positive encouragement...
Stakeholder Gold Corp. June 14 reported that exploration is underway at its Ballarat gold project, located about 16 kilometers (10 miles) northeast of Kaminak Gold's Coffee project in the White Gold District of the Yukon Territory. GroundTruth Exploration Inc. is carrying out the roughly four-week exploration program that will investigate the Ballarat's Northwest and the Eastern zones. Planned work for this phase 1 program includes: a drone-generated high resolution...
Kaminak Gold Corp. June 9 reported the start of a C$2.6 million initial phase of the 2016 exploration program at the Coffee Gold project in the Yukon Territory. The program is designed to test resource expansion potential proximal to the proposed mine site as well as to further investigate priority gold-in-soil anomalies identified during past exploration. Priority targets for phase 1 include: expansion drilling at Supremo T3 and Latte, two mineralized structures that jointly...
Kaminak Gold Corp. May 12 reported that Goldcorp Inc. has agreed to acquire the junior mining company in an all-share transaction. The total consideration offered for the Kaminak shares is roughly C$520 million. "This acquisition is consistent with our strategy of partnering with junior exploration companies to identify and develop mining districts with significant exploration potential that is expected to grow our net asset value per share," said Goldcorp President and CEO...
Kaminak Gold Corp. May 5 posted a C$29 million budget for the 2016 program at its Coffee Gold project in Yukon Territory. Nearly half of the 2016 budget (C$13.9 million) has been allocated to mine permitting; another C$6.2 million will be spent on pre-development and advanced engineering; and C$5 million has been earmarked for exploration. The remaining funds will be set aside for general and administrative expenses, marketing and the opening of offices in Whitehorse and Dawso...
Stakeholder Gold Corp. May 5 said GroundTruth Exploration Inc. will be carrying out exploration at its Ballarat gold project located in the White Gold District of Yukon Territory. The work will start with a drone-generated, high-resolution topographic survey of the entire property. The Northwest zone - which has seen detailed conventional soil sampling, limited trenching and diamond drilling - will be further tested along two mineralized trends. Only a portion of a...
Independence Gold Corp. April 27 reported an initial C$1.5 million exploration budget for 2016, which will fund roughly 1,500 meters of reverse circulation drilling at its Boulevard project, trenching on the Moosehorn project and geochemical sampling on several of the company's Yukon properties. All projects are located in the White Gold District south of Dawson City. Located about 135 kilometers (85 miles) south of Dawson City, Boulevard is contiguous to Kaminak Gold Corp.'s...
Kaminak Gold Corp. Jan. 6 said a recently finished feasibility study indicates that its Coffee gold project in the Yukon Territory represents a robust, high-margin open pit mining and heap leach project that works in the current gold price environment. As such, Kaminak intends to proceed with mine permitting to support mine construction, which is planned for mid-2018. With C$28 million as of the end of the third quarter, the company says it is well-financed to undertake an...
Goldstrike Resources Ltd. Dec. 4 reported that it has entered into an agreement to purchase a 3 percent net smelter returns royalty on the Lucky Strike gold property, located in the Yukon's White Gold District, together with a 3 percent net smelter returns royalty on the nearby BRC property. Goldstrike owns a 70 percent interest in the Lucky Strike mineral claims and has entered into an agreement to purchase the remaining 30 percent from Petro One Energy Corp. On completion...
Independence Gold Corp. Nov. 18 reported results from an eight-hole (1,093 meters) reverse circulation drill program at the Sunrise zone of its Boulevard gold project located about 135 kilometers (85 miles) south of Dawson City, Yukon. The best intercepts were 3.05 meters of 15 g/t gold from a depth of 24.4 meters in hole BV15-40; and 22.9 meters of 0.94 g/t gold from a depth of 45.7 meters in hole BV15-35. The fall 2015 RC drill program was designed to extend gold mineralizat...
