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 107
11% increase in carats sold, will include a 23.15 fancy intense yellow diamond to appear in Dubai for second quarter. Burgundy Diamond Mines Ltd. April 28 announced the first quarter results from the Ekati diamond mine in Northwest Territories, Canada, marking the beginning of a first full year the mine will be in production under Burgundy's banner. Finalizing its acquisition of Ekati in early July 2023, Burgundy Diamond Mines has been growing its presence in Canada, as the...
Precious stone mines saw some shuffling in Canada's North with Burgundy Diamond Mines Ltd.'s acquisition of the Ekati diamond mine. Already a 40% partner with North Arrow Minerals Inc. at the Naujaat diamond project in Nunavut, Burgundy closed its buyout of Arctic Canadian Diamond Company Ltd. on July 4, which gave the Australian diamond company full ownership of the world-class Ekati Mine and significantly elevating its efforts to deliver high-end cut and polished diamonds...
Shifting its immediate focus to potentially more lucrative opportunities in the lithium mining sector, Rover Metals Corp. reported plans Dec. 11 to put its Cabin Lake gold project in Northwest Territories up for sale after nearly five years of exploration. The 400-hectare (988 acres) Cabin Lake project is located about 110 kilometers (69 miles) northwest of Yellowknife, the territory's capital, and 40 kilometers (25 miles) northwest of the community of Behchokǫ̀. Rover M...
While the year may have started out riding the success of its massive 2022 bulk sample at a diamond project in Nunavut, North Arrow Minerals Inc. transition in 2023 into the field of lithium exploration, and the gambit paid off. Right away, the company began its lithium discovery with the purchase of the DeStaffany lithium-tantalum-niobium project from Panarc Resources Ltd., located on the north shores of Great Slave Lake and about 115 kilometers (70 miles) east of Northwest...
With a summer marred by unprecedented wildfires behind them, companies exploring the mineral-rich Northwest Territories are reporting impressive results from their 2023 programs. Seeking new deposits of valuable minerals, ranging from ever-popular diamonds and precious metals to recently designated "critical minerals," such as lithium, rare earth elements and zinc, a score of explorers took to the field across the territory. "An exciting new chapter is emerging for mining in t...
From neighboring gold explorers merging to create a district-scale project that will likely be attractive to majors, to Glencore making an aggressive bid to buyout Teck Resources Ltd., 2023 was a year of North of 60 mergers, acquisitions, and attempts at takeovers. The multi-billion-dollar M&A frenzy across Alaska and Canada's North was underscored by B2Gold's roughly C$1.1 billion (US$820 million) acquisition of Sabina Gold & Silver Corp. and the Back River Gold Mine project...
North Arrow Minerals Inc. Dec. 4 announced highly encouraging assays from its sampling programs at the MacKay and LDG lithium projects in Northwest Territories that validate the company's decision to branch into energy metal exploration. Located within the Lac de Gras kimberlite field, home to the world-class Ekati and Diavik diamond mines, the LDG lithium project resides near the easternmost portion of a diamond exploration property just south of Diavik. Just 10 kilometers (6...
North Arrow Minerals Inc. Oct. 12 announced that ongoing exploration at its LDG and MacKay lithium projects in Northwest Territories has yielded the discovery of a new spodumene pegmatite at both properties. "Recent exploration of North Arrow's LDG and MacKay lithium projects has results in the discovery of new spodumene mineralization at both properties and increased our confidence in the size potential of this new spodumene-bearing lithium pegmatite field," said North Arrow...
North Arrow Minerals Inc. July 17 announced it has staked yet another possible hardrock lithium-bearing spodumene pegmatite discovery in the MacKay Lake area of the Northwest Territories, roughly six kilometers (four miles) from its Lac de Gras diamond and now possible lithium project. Immediately adjacent to the winter road connecting Yellowknife with the Lac de Gras (LDG) diamond mines, the MacKay pegmatites were identified and staked by North Arrow in an area, much like...
Like many other northern regions, Canada's North was settled because of its mineral resources. When the Canadian Dominion Government first purchased its arctic regions from the British Crown in the late 1800s, the Northwest Territories was seen as a vast stretch of cold, inhospitable land and was thus largely ignored at the time. However, due to the Klondike Gold Rush, the future of these northern lands would change forever. These days, a new rush has arisen, a white gold...
North Arrow Minerals Inc. Sept. 18 and 20 announced assays from two of its lithium exploration properties – LDG and MacKay Lake – reporting significant lithium oxide from both and signaling the growing potential of its lithium portfolio. Located within the Lac de Gras kimberlite field, home to the world-class Ekati and Diavik diamond mines, the LDG lithium project resides near the easternmost portion of a diamond exploration property just south of Diavik. Covering an 18-...
North Arrow Minerals Inc. Aug. 28 announced the latest channel sample assay results from its DeStaffany lithium property in Northwest Territories, which maintain the significant lithium potential of this northern Canadian hard rock lithium project. Acquired by North Arrow in January, DeStaffany is an early-stage exploration project roughly 18 kilometers (11 miles) northeast of Vital Metals Ltd.'s Nechalacho rare earths mine and approximately 115 kilometers (71 miles) from...
Potentially rich deposits of lithium in the terrain near Yellowknife, the capital of Northwest Territories, has spurred a small stampede of mining companies to Canada's north this summer as worldwide demand for the critical mineral accelerates. At least seven companies have reported exploration programs underway this field season on lithium projects near Yellowknife. Lithium is an important mineral for green energy technologies, and net-zero emissions will require greater...
North Arrow Minerals Inc. August 14 announced the prospecting results from its mapping and sampling program at the company's recently acquired McKay lithium project in Northwest Territories, Canada, reporting four grab samples with significant lithium content. Approximately six kilometers (four miles) from the edge of its Lac de Gras diamond-lithium project, the MacKay project is found near the MacKay Lake area in Northwest Territories. Immediately adjacent to the winter road...
North Arrow Minerals Inc. Aug. 10 announced an exciting update to its field program at its Lac de Gras kimberlite property in Canada's Northwest Territories, confirming at least four spodumene pegmatites and establishing the diamond exploration project as an official lithium exploration project. "In a very short period of time, North Arrow has confirmed a new spodumene pegmatite field within our 100% owned LDG project in Northwest Territories," said North Arrow Minerals...
North Arrow Minerals Inc. July 11 announced its 2023 field exploration program at its DeStaffany lithium project in Northwest Territories, Canada, has confirmed the discovery of two new pegmatites – doubling the known spodumene pegmatite bodies found on the property. "We've had a strong start to what is really the first full evaluation of the lithium potential of the DeStaffany property," said North Arrow President and CEO Ken Armstrong. Acquired by North Arrow in January, D...
North Arrow Minerals Ltd. July 13 announced the start of the 2023 field program for its recently fully acquired Lac de Gras kimberlite property in Northwest Territories, Canada – while primarily a diamond project, the company plans to explore a lead for possible lithium-bearing spodumene pegmatites initially reported by Geological Survey of Canada mappers in the 1940s. After obtaining 100% interest in Lac de Gras from previous joint venture partner Arctic Canadian Diamond C...
Burgundy Diamond Mines Ltd. has finalized its acquisition of the Ekati diamond mine in Canada's Northwest Territories, adding another precious stone mine to its portfolio. Already a 40% partner with North Arrow Minerals Inc. at the Naujaat diamond project in Nunavut, Burgundy closed a transaction on July 4 that provides the Australian diamond company full ownership of the world-class Ekati Mine, which will significantly elevate Burgundy's efforts to deliver high-end cut and...
North Arrow Minerals Inc. June 13 announced the start of its 2023 exploration field program at the company's DeStaffany lithium project in Northwest Territories, Canada. Located on the shore of the Great Slave Lake, approximately 115 kilometers (71 miles) east of Yellowknife, NWT, the DeStaffany lithium project is already known to host two lithium-tantalum-niobium pegmatites – Moose 1 and 2. More details on DeStaffany and the Moose pegmatites, as well as additional lithium e...
North Arrow Minerals Inc. May 18 announced that it has raised roughly C$2.7 million to fund exploration of its lithium projects in northern Canada, which will primarily be focused on the company's newly acquired DeStaffany lithium project in Northwest Territories. The company raised the cash through a C$2.4 million private placement financing and the sale of 0.5% royalty interests in its Loki diamond project in Northwest Territories' Lac de Gras region for C$374,000. With the...
The Northwest Territories capital city of Yellowknife is emerging as a northern link in North America's electric vehicle supply chain. Already home to Canada's only rare earths mine, a 160-kilometers (100 miles) area around this northern mining town happens to be enriched with the lithium and cobalt that is in massive demand for EV batteries, along with numerous other minerals critical to both Canada and the United States. A roughly 9,600-square-kilometer (3,700 square miles)...
North Arrow Minerals Inc. March 30 reported that its ongoing data review has identified eight lithium targets on its newly acquired DeStaffany project in Northwest Territories. Acquired by North Arrow in January, DeStaffany is an early exploration project about 18 kilometers (11 miles) northeast of Vital Metals Ltd.'s Nechalacho rare earths mine that hosts two known lithium-tantalum-niobium bearing pegmatites – Moose 1 and Moose 2 – with some historical prospecting and sam...
Agrees to $136M deal to acquire full ownership of Northern Canada diamond mine. Toward its goal of building a balanced portfolio of the world's best diamond projects in favorable jurisdictions, Australia-based Burgundy Diamond Mines has agreed to pay US$136 million (A$209 million) to acquire full ownership of Arctic Canadian Diamond Company Ltd.'s world-class Ekati Diamond Mine and other interests in Canada's Northwest Territories. "This is an exciting and transformational...
North Arrow Minerals Inc. Feb. 27 announced it has acquired the option to purchase the Bathurst Inlet lithium property in Nunavut, shifting its diamond expertise into the highly demanded battery mineral sector. With the southernmost mineral claim lying roughly 12 kilometers (7.5 miles) from Sabina Gold and Silver's port facility servicing the Back River gold mine project, North Arrow's new lithium property covers a series of mapped and interpreted pegmatite intrusives...
North Arrow Minerals Inc. Feb. 21 announced that fancy-colored yellow diamonds recovered from its Naujaat Diamond project in Nunavut have been carefully cut and polished to showcase the quality and potential of this Far North diamond mine. Located roughly nine kilometers (5.6 miles) northeast of the hamlet of Naujaat (formerly Repulse Bay) on Nunavut's Melville Peninsula, the Naujaat diamond project covers 10,742 hectares (26,544 acres) of contiguous mineral leases and claims...
