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
Pretium Resources Inc. is on pace to fire up operations at its bonanza grade Brucejack gold project in the fourth quarter of 2017. Upon reaching commercial production, the high-grade underground operation at Valley of the Kings is expected to produce 7.27 million ounces of gold over an 18-year mine life, or roughly 404,000 oz. of the precious metal annually, according to a feasibility study completed in 2014. Aiming to upgrade the confidence of resources to be mined during the first three years of operation, the company...
Instead of putting up taller fences along the roughly 800-mile (1,300 kilometers) border between Alaska and British Columbia, the neighbors are building a larger negotiating table to work out concerns over the potential development of mines in Northwest B.C. watersheds that drain through Southeast Alaska. The framework for this increased cooperation was laid out in a memorandum of understanding signed by the neighbors Nov. 25. “British Columbia and Alaska share a lot of c...
Pretium Resources Inc. Sept. 16 said it has secured a US$540 million construction financing package with the Orion Mine Finance Group and Blackstone Tactical Opportunities. The financing, which provides for immediate access to US$340 million at closing, will fund a substantial portion of the costs to develop an underground mine at Pretium's Brucejack gold project in Northwest British Columbia. "The Orion and Blackstone deal has successfully met our objectives to fund the...
Pretium Resources Inc. plans to begin mining the high-grade gold from the Valley of the Kings deposit of its Brucejack gold-silver project in northwestern British Columbia by 2017. The junior achieved two key permitting milestones - obtaining a provincial Environmental Assessment Certificate and a positive Environmental Assessment Decision Statement from the federal Minister of the Environment - in 2015. Once in production, a high-grade underground operation at Valley of the Kings is expected to produce 7.3 million ounces of...
The Association for Mineral Exploration British Columbia Jan. 27 awarded NovaCopper Inc. President and CEO Rick Van Nieuwenhuyse and former NovaCopper Vice President of Exploration Joseph Piekenbrock the 2015 Colin Spence Award for Excellence in Global Mineral Exploration. Nieuwenhuyse and Piekenbrock are being recognized for their success in defining and significantly expanding the Donlin Gold deposit in western Alaska, the Arctic copper-zinc-silver massive sulfide deposit in northwestern Alaska and for exploration success a...
Northern British Columbia accounts for two-thirds of the province's landmass and plays an important role in our provincial economy. In 2014, an estimated $338 million was spent on mining exploration projects across B. C.; nearly half of which took place in northern B. C. Proposed mine developments in northern B. C. have the potential to create billions of dollars in capital investment as well as thousands of family-sustaining jobs throughout B. C., adding to the more than 30,000 people currently employed in mining, mineral...
Alaska’s congressional delegation is once again eliciting greater Obama Administration involvement in the potential development of numerous mines being considered on northwestern British Columbia waterways that drain through Southeast Alaska. “Like most Alaskans, we strongly support responsible mining, including mines in Southeast Alaska, but Alaskans need to have every confidence that mining activity in Canada is carried out just as safely as in our state,” the trio of Alask...
The prolonged downturn in the metals market is like Black Friday for project generators such as Millrock Resources Inc. The Vancouver, B.C.-based junior has added a dozen gold and base metals projects to its exploration portfolio during the past six months. The most recent of these acquisitions gives the mineral explorer a foothold in the Golden Triangle region of Northwest British Columbia. “This is the exact time Millrock has been waiting for all along,” Gregory Bei...
Pretium Resources Inc. July 21 published an updated mineral resource estimate for the Valley of the Kings deposit at its Brucejack gold project in northwestern British Columbia, where construction and development continues on schedule for commissioning of the underground mine in mid-2017. Over the past two years, Pretium has drilled 367 holes (63,740 meters) aimed at upgrading indicated resources in the areas to be mined in the first three years of the current mine plan to...
Pretium Resources Inc. April 5 reported the underground infill drill program at the Brucejack mine project in northwestern British Columbia continues to confirm the style and grade distribution of the gold mineralization in the area of the Valley of the Kings deposit currently being tested. This seventh batch of assay results includes six intersections grading greater than 1,000 grams of gold per metric ton. Hole VU-633 intersected 428.43 g/t gold uncut over 14 meters,...
Pretium Resources Inc. March 1 announced the closing of a marketed offering of 28,384,000 common shares at a price of US$4.58 per share for gross proceeds of US$129,998,720, which includes the exercise of the full amount of an over-allotment option of 2,174,000 common shares. The net proceeds of the offering will be used to fund development of the Brucejack gold project in northwestern British Columbia, working capital during start-up pf the mine and for general corporate...
Pretium Resources Inc. Feb. 17 said the Brucejack project remains on schedule for commercial production in 2017, and the costs of developing the high-grade underground gold mine are coming in under budget. Upon reaching a 60 percent engineering milestone, a capital cost estimate was carried out in late 2015. The estimated total project capital cost to complete design, construction, installation and commissioning, including contingencies, is now US$640.8 million. Adding in...
Pretium Resources Inc. Jan. 8 said the fifth set of results from an underground infill drill program at the Valley of the Kings deposit of its Brucejack gold project in northwestern British Columbia continues to confirm the style and grade distribution of the gold mineralization in the area currently being tested. The best intercept from this round came in hole VU-545, which cut 21 meters averaging 494.91 grams of gold per metric ton uncut, including 20,287 g/t gold uncut...
Pretium Resources Inc. Dec. 14 reported that the final set of results from the 2015 regional grassroots drill program returned long intervals of low-grade gold mineralization at depth to the south and southeast of the Valley of the Kings deposit, as well as polymetallic mineralization in new zones 13 kilometers (eight miles) southeast of the project. Hole SU-671, drilled some 700 meters southeast of the Valley of the Kings deposit, intersected an east-west trending stockwork...
Mineral and coal exploration spending in British Columbia has dropped nearly 30 percent a year since reaching a pinnacle of C$680 million in 2012, mirroring the downward trend seen during the same period in global exploration expenditures. Mineral-rich B. C., however, is preparing to take advantage of the next upswing in metals markets. In June, British Columbia Energy and Mines Minister Bill Bennett said the province will provide Geoscience BC with C$5 million in additional...
Pretium Resources Inc. Oct. 8 said the grassroots exploration drill program at its Brucejack project in Northwest British Columbia has cut high-grade gold in the Flow Dome Zone, located east of the Valley of the Kings. Highlights from this set of results include 2,100 grams per metric ton gold uncut over 2.05 meters, including 8,600 g/t gold uncut over 0.5 meters of hole SU-666; and 137 g/t gold over 0.5 meters in hole SU-668. Pretium said these results continue to confirm...
American Creek Resources Ltd. said it has begun a fall exploration program of mapping, sampling and drilling at its Electrum gold-silver property in Northwest British Columbia. The Electrum property encompasses the historical East Gold Mine, a hand-mining operation that produced extremely high grades of gold, silver and electrum. American Creek said the exploration at Pretium Resources' Valley of the Kings deposit located some 20 kilometers (13 miles) north of Electrum has...
Pretium Resources Inc. Sept. 30 reported the fourth set of results from a more than 40,000-meter underground infill drill program at the Valley of the Kings deposit of its Brucejack gold project in northern British Columbia. Results continue to confirm the style and grade distribution of the gold mineralization in the area were mining is slated to begin. The best intercepts from this batch of results include: 74.62 grams of gold per metric ton uncut over 18 meters of hole...
Pretium Resources Inc. Sept. 21 reported initial results from exploration drilling at the Flow Dome Zone, located east of the Valley of the Kings deposit at its Brucejack Project in Northwest British Columbia. Hole SU-654 cut 1.5 meters of 16.9 grams of gold per metric ton at a depth of 877.5 meters, followed immediately by a 33-meter intercept of 0.55 g/t gold; hole SU-657 cut 21.87 g/t gold over nine meters, from a depth of 932 meters; and hole SU-658 cut 2.35 meters of 6.2...
Pretium Resources Inc. Sept. 16 said it has secured a US$540 million construction financing package with the Orion Mine Finance Group and Blackstone Tactical Opportunities. The financing, which provides for immediate access to US$340 million at closing, will fund a substantial portion of the costs to develop an underground mine at Pretium's Brucejack gold project in Northwest British Columbia. "The Orion and Blackstone deal has successfully met our objectives to fund the...
Pretium Resources Inc. Sept. 1 reported that it has been issued all of the major regulatory permits required to begin development work at its Brucejack gold project located in Northwest British Columbia. The British Columbia Ministry of Energy and Mines has issued a Mines Act Permit that allows Pretium to build a 2,700-metric-ton-per-day doré and flotation plant, develop an underground mine, and construct associated facilities and other infrastructure. The BC Ministry of...
British Columbia Energy and Mines Minister Bill Bennett spent the week of Aug. 23 working to build bonds with Southeast Alaskans worried about potential downstream effects of mining copper- and gold-rich deposits located in northwestern B.C. Bennett's visit comes one year after a tailings dam burst at the Mount Polley Mine in central British Columbia, sending a deluge of mining waste and untreated water into the surrounding watershed. While the spill did not affect Alaska...
Pretium Resources Inc. Aug. 19 reported that results from the underground infill drill program in the Valley of the Kings at the Brucejack project in northwestern British Columbia continue to confirm the style and grade distribution of the gold mineralization. Highlights from the third batch of results include: 14.6 meters of 154.13 grams per metric ton gold in hole VU-459; 29.5 meters of 29.94 g/t gold in hole VU-463; 6.8 meters of 81.08 g/t gold in hole VU-445; 12 meters of...
Teuton Resources Corp. said it has optioned its King Tut, Tuck and Silver Crown West properties to Pretium Resources Inc. for C$1.8 million in cash payable over four years. Teuton will retain a 2 percent net smelter return royalty in the properties with no buyback. The King Tut and Tuck properties adjoin due south of Pretium's Brucejack property, which hosts 15.3 million metric tons of measured and indicated resources averaging 17.6 grams per metric ton (8.7 million ounces) gold in the Valley of the Kings deposit. A single...
Pretium Resources Inc. July 15 said results from a second set of assays from an underground infill drill program in the Brucejack project's Valley of the Kings zone continues to confirm the style and grade distribution of the gold mineralization in the area of the pending underground mine being tested. Highlights from the most recent results include: 13.75 meters grading 164.54 grams of gold per metric ton gold uncut in hole VU-422; 10 meters of 259.48 g/t gold uncut in hole...
