The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 24 of 24
Begins comprehensive, multifaceted program to better understand highly prospective project. Trifecta Gold Ltd. July 16 announced that crew and equipment have been mobilized to carry out an exploration program to further delineate known zones of mineralization and identify new targets at its Mt. Hinton gold-silver project in Yukon, Canada. Trifecta Gold is a Canadian-based precious metals exploration company that holds projects in Yukon and Nevada. These include the Yuge gold...
Strategic Metals Ltd., surely the most active project generator in northern Canada, recently reported substantial mineral exploration and transaction activities in 2022 and early 2023. This includes an update in January on exploration at Mount Hinton, a gold-silver project in Yukon's Keno Hill District that lies immediately southeast of Hecla Mining Company's Keno Hill Silver Mine, 35 kilometers (22 miles) southeast of Victoria Gold's Eagle Mine, and 25 kilometers (16 miles)...
Rockhaven Resources Ltd. March 16 announced the final assay results from the 2021 exploration program at its road-accessible Klaza property, located in the Dawson Range Gold Belt in southern Yukon, Canada. A 2020 preliminary economic assessment for Klaza outlines plans for a mine that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over 12 years. After drilling a total of 14,256 meters in 72 holes during the summer and fall of 2021, the last batch...
Mining exploration and production activity soared in Yukon Territory in 2021 thanks to high metals prices, pro-industry government policies, and mounting successes in the field. Bouncing back from some of the most challenging working conditions in modern history due to the COVID-19 pandemic, placer and hardrock miners stepped up the pace of their activities, posting record production numbers and promising exploration results. With the rollout of COVID vaccines and the prospect...
Rockhaven Resources Ltd. May 12 outlined plans for 12,000 meters of resource upgrade and exploration drilling for its road-accessible Klaza gold-silver project in southern Yukon. A preliminary economic assessment completed last year outlines plans for a mine at Klaza that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over 12-years. This scoping level study is based on 4.46 million metric tons of indicated resource averaging 4.8 grams per metric...
Rockhaven Resources Ltd. Feb. 18 announced that its 2020 drilling tapped new bonanza grade gold-silver encountered during a 2020 drill program targeting areas that lie outside the already defined deposit on its road-accessible Klaza project about 50 kilometers (31 miles) west of Carmacks, Yukon. A preliminary economic assessment completed last year outlines plans for a mine at Klaza that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over a 12-year...
Rockhaven Resources Ltd. is advancing its high-grade Klaza gold-silver project in southwestern Yukon towards permitting and development. A preliminary economic assessment completed mid-2020 envisions a mine at Klaza that would produce roughly 750,000 ounces gold and 13.8 million oz silver over a 12-year mine life. The Klaza mine outlined in the PEA is calculated to generate a post-tax net present value (at a 5% discount) of C$378 million and a 37% internal rate of return. The...
Rockhaven Resources Ltd. Jan. 13 announced the discovery of a new vein complex at its Klaza gold-silver property in southern Yukon. Located on placer gold mining roads about 50 kilometers (31 miles) west of Carmacks, Klaza is an advance staged exploration project that hosts 4.46 million metric tons of indicated resource averaging 4.8 grams per metric ton (686,000 oz) gold and 98 g/t (14.1 million oz) silver; plus 5.71 million metric tons of inferred resource averaging 2.8 g/t...
Coeur Mining Inc. invested heavily in exploration during 2020, including robust programs at its Kensington gold mine in Alaska and Silvertip mine project in British Columbia. After investing US$21 million in exploration at six projects in the U.S., Canada, and Mexico during the first half of the year, the Chicago-based miner increased its total 2020 exploration budget to US$54 million. "We significantly increased our investment in exploration to test these targets in 2020,...
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...
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...
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...
As exploration across most of the North continues to trend downward, the Yukon Territory is celebrating the second straight year of increased spending. Early estimates put exploration in Yukon at about C$99 million for 2015, up roughly 20 percent over the C$80 million spent last year. With a wide swath of zinc-rich deposits in the Selwyn basin, a number of copper-rich porphyries in the Dawson Range, platinum group metal-nickel deposits in the southwest and gold deposits...
Rockhaven Resources Ltd. Dec. 4 announced the discovery of several new mineralized structures at it Klaza gold-silver project in southern Yukon. These discoveries include a series of new mineralized veins identified with a single drill fence consisting of five holes across an area north of the current resource area where no previous drilling or trenching had been carried out. This drilling targeted a number of linear magnetic and electro-magnetic anomalies, similar to those...
SMD: TSX President and CEO: W. Douglas Eaton Chairman: Bruce Youngman Chief Operating Officer: Ian Talbot Strategic Metals Ltd. has more than 125 mineral properties in the Yukon, making it the largest claim holder in the territory. These properties, along with five in northern British Columbia, are prospective for gold, silver, lead, zinc, copper, tin, tungsten, vanadium. As a prospect generator, Strategic identifies and stakes promising projects and completes initial exploration to confirm the geologic potential of its...
British Columbia Premier Christy Clark Jan. 26 unveiled C$9 million in new funding to support mining in the province. Clark said the funds will establish a Major Mines Permitting Office to improve coordination of major mine permits across government, add staff to conduct more inspections and permit reviews, and maintain improved turnaround times for notice of work permits. The base budget of the ministry will be increased by about C$6 million, including a portion to make...
WHITEHORSE, Yukon Territory - Quieter streets, emptier skies, shorter business hours and closed shops here are sure signs of tough times in the mining industry. Hours away by helicopter, one can find bare-bones exploration camps and skeleton staffs sprinkled like the occasional grain of visible gold across remote mountain vistas, which also reflect the return to the frugal times of the past. In the wake of more than two years of scarce capital, mineral exploration activity is a shadow of the booming times the territory...
Ethos Gold Corp. recently wrapped up a second phase of 2012 exploration aimed at identifying a multimillion-ounce gold deposit on its Betty Property located in the White Gold district of Yukon Territory. The junior Sept. 19 reported completing 7,500 meters of reverse circulation drilling in 61 holes, and collecting 8,700 grid soil samples and 166 prospecting samples in 2012 that targeted the 17-square-kilometer (6.56 square miles) Mascot Creek gold-in-soil anomaly at Betty that Ethos outlined in 2011 and where the junior...
FARO - Legendary mineral explorer W. Douglas "Doug" Eaton hurried forward to greet the group of visitors clambering out of the MD900 helicopter as its whirring blades whipped miniature cyclones of dust in the air. Eaton - unlike many of the geologists, engineers and mining executives the group would meet during a weeklong tour of mine sites, exploration camps and conferences around Yukon Territory - grinned from ear to ear. The early part of the territory-wide mining tour also would include visits to the Einarson Project...
Is the "Yukon Gold Rush" about to spill into Alaska? Since the 1896 discovery of gold on the aptly named Bonanza Creek sparked a stampede of fortune seekers to the rivers and streams of the Klondike, these world-class mining jurisdictions that share a common geological and mineralization history have been engaged in a cross-border rivalry of drawing prospectors and miners to their mineral-rich deposits. While 19th Century miners seeking their fortunes in Alaska's Fortymile...
YUKON TERRITORY - "There's gold, and it's haunting and haunting; It's luring me on as of old; Yet it isn't the gold that I'm wanting; So much as just finding the gold." This passage from the "Spell of the Yukon" is as applicable to the contemporary stampede of explorers seeking mineral riches in the home of the Klondike as it was to the prospectors of which Robert Service wrote more than a century ago. It is estimated that the modern rush of prospectors to Yukon Territory...
A pair of gold discoveries led a torrent of exploration news pouring out of Yukon Territory this year as numerous newcomers joined old hands in the hunt for the yellow metal and other lucrative minerals. "We've entered a new phase of exploration. People are using soil sampling as an unbiased targeting method that is resulting in discoveries of new mineral potential," Yukon geologist Mike Burke, told more than 500 participants in the Yukon Geoscience Forum Nov. 22. The areas where people are looking are expanding as miners...
Primed for booming exploration for several years, the Yukon Territory appears to have hit big in 2010, both literally and figuratively. Emerging as one of the world's mining hot spots, the Northwest Canada jurisdiction is reporting industry investment exceeding C$120 million. Propelled by record gold prices and key gold discoveries, as well as surging demand in Asia for base metals and a mining friendly government, miners flocked to the territory in growing numbers, bringing generous exploration budgets and fresh theories...
