The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 75 of 195
Early results from the 2021 drill program at KSM project support Seabridge Gold Inc.'s concept of mining more gold-rich reserves from open pits at the Snowfield and Mitchell deposits prior to the start of underground block cave mining at this world-class gold-silver-copper project in British Columbia's Golden Triangle. Lying immediately east of Mitchell, one of four deposits on Seabridge's KSM property, Snowfield hosts 1.37 billion metric tons of measured and indicated...
Enduro Metals Corp. Oct. 18 announced the discovery of a new porphyry copper-gold system at Burgundy Ridge on the company's 654-square-kilometer (253 square miles) Newmont Lake project in British Columbia's Golden Triangle. Several shallow holes completed during a first-pass drill program at Burgundy Ridge during 2019 cut mineralization, including one hole that cut 91 meters averaging 0.38% copper and 0.3 grams per metric ton gold from a depth of 36 meters. Following up on...
Seabridge Gold Inc. Aug. 11 reported that a magnetotelluric geophysical survey carried out at Iskut earlier this year has further refined targets for a roughly 3,200-meter drill program testing for a gold-copper porphyry mineral system similar to those on the company's nearby KSM project in British Columbia's Golden Triangle. Situated about 30 kilometers (19 miles) west of Seabridge's world-class KSM gold-copper project, Iskut is home to the historical high-grade Johnny...
In a deal that is expected to lower costs and improve safety for two companies with exciting projects at the heart of British Columbia's Golden Triangle, Seabridge Gold Inc. and Eskay Mining Corp. have agreed to share the C$12-million cost of building nine kilometers (5.6 miles) of road that will extend onto Eskay Mining's exploration property. Branching off the road that provides access to Skeena Resources Ltd.'s Eskay Creek gold-silver mine project, this will be the first...
Less than two months after ending its plans to merge with Viva Gold Corp., Golden Predator Mining Corp. has cut a deal to join forces with another junior advancing a gold mine in America's Southwest. In a deal announced on June 28, Golden Predator plans to merge with Arizona Gold Corp. to create Sabre Gold Corp., an emerging North American gold producer with the fully permitted Copperstone gold mine in Arizona and the past-producing Brewery Creek gold mine in Canada's Yukon....
Seabridge Gold Inc. June 15 reported that a contractor at its recently acquired 3 Aces gold project in Canada's Yukon tested positive for COVID-19 when the company conducted a rapid antigen shortly after the person's arrival to carry out preliminary work at the project. Three other individuals who came into close contact with this individual have all tested negative for COVID-19 following the completion of rapid antigen tests by Seabridge. All four individuals are in...
Alaska, Northern British Columbia, and the Yukon are home to a dozen advanced stage exploration and mine projects hosting billions of pounds of copper ready to deliver to a world demanding massive amounts of this conductive metal for the green energy and electric mobility transition envisioned over the next three decades. In its report, "Copper is the new oil," Goldman Sachs forecasts that the electrification of transportation and decarbonization of electrical generation...
StrikePoint Gold Inc. Feb. 3 announced the discovery of a new zone of high-grade gold-silver mineralization at its Willoughby project near Stewart in British Columbia's Golden Triangle. Willoughby, which lies about four miles (seven kilometers) east of Ascot Resources Ltd.'s Red Mountain Mine project, hosts at least three styles of mineralization in eight known areas, two of which were tested by a 1,715-meter drill program completed during 2020. Two of the six holes drilled...
One of few mineral explorers active in Yukon Territory during the mining industry's 2020 beleaguered field season recently reported encouraging results that give credence to the idea that a new gold camp may be on the verge of emerging in Canada's North. Stratabound Minerals Corp. completed a late-season exploration program last year on its 84-square-kilometer (32.4 square miles) Golden Culvert property, along a 24 kilometer- (15 miles) long mineralized trend in Southeastern...
Pretium Resources Inc. Jan. 18 reported that its Brucejack Mine in Northern British Columbia produced 347,743 ounces of gold during 2020, slightly above the midpoint of the company's 325,000 to 365,000 oz guidance set at the beginning of the year. "For the first time in the company's history we have achieved our annual production guidance, demonstrating the hard-work and perseverance of our team in light of the exceptional challenges we faced this year," said Pretium Resources...
Enduro Metals Corp. Feb. 9 reported that assay results show that the first four holes of the 2020 drill program at its Newmont Lake project in Northern British Columbia tapped shallow high-grade gold associated with longer intervals of bulk-tonnage mineralization. "That is exactly what we want because ultimately near-surface high-grade gold mineralization in the Golden Triangle is commonly spatially associated with a porphyry deposit," said Enduro Metals CEO Cole Evans....
Challenged by a global pandemic and a particularly wet summer, many of Northern British Columbia's mineral explorers became adept to adjusting on the fly as they endeavored to unlock the rich precious, base, and battery metals potential of this section of the Pacific Cordillera. With companies like Skeena Resources Ltd. and Ascot Resources Inc. running year-round drill programs as they seek to establish a new era of gold-silver mines at historic operations in the Golden Triang...
Successfully incorporating the recently expanded, higher grade Iron Cap gold-copper deposit into the mine plan for the already enormous KSM project in British Columbia, Seabridge Gold Inc. shifted its focus to other endeavors, including the acquisition of gold-rich properties in BC and the Yukon. An updated preliminary economic assessment for KSM envisions a combined open pit and underground block cave mining operation feeding a 170,000-metric-ton-per-day mill that would...
Seabridge Gold Inc. has added 25.9 million ounces of gold to its 49.7 million oz of gold in measured and indicated resources at its already world-class KSM project in British Columbia's Golden Triangle. This 52% increase in gold resources is the result of an agreement to acquire the Snowfield property on the east border of the KSM property from Pretium Resources Inc. In a deal announced on Dec. 4, Seabridge will pay Pretium US$100 million for Snowfield, plus a contingent payme...
Seabridge Gold Inc. Nov. 11 reported that this year's 8,961-meter drill program at Iskut provides further evidence of a large porphyry copper-gold system lying below the drilling completed so far at this early staged exploration project in the heart of British Columbia's Golden Triangle. Situated about 30 kilometers (19 miles) west of Seabridge's world-class KSM gold-copper project, Iskut is home to the historical high-grade Johnny Mountain gold-silver-copper mine. Seabridge...
Ten years ago, Yukon Territory witnessed a minor stampede of mineral explorers, hoping to cash in on new gold discoveries in the White Gold District south of Dawson City. A decade later, gold hunters are again targeting prospects across the northern Canadian territory, drawn by the recent successful startup of a new gold mine at Victoria Gold Corp.'s Dublin Gulch Property east of Dawson City in central Yukon as well as discoveries of other rich aurum deposits in Yukon....
Seabridge Gold Inc. July 16 announced the start of a roughly 8,000-meter drill program targeting a gold-copper porphyry mineral system below the Quartz Rise lithocap on the company's Iskut property in British Columbia's Golden Triangle. Located about 30 kilometers (19 miles) west of Seabridge's world-class KSM gold-copper project, Iskut is home to the historical high-grade Johnny Mountain gold-silver-copper mine. Three years of work at Quartz Rise, including two small drill...
Seabridge Gold Inc. May 19 announced plans for a roughly 8,000-meter drill program to test for a gold-copper porphyry deposit at its Iskut project in British Columbia's Golden Triangle similar to those on the company's nearby KSM property. "We acquired Iskut because we saw clear evidence of a large porphyry system which looked to be similar in age and geology to our KSM project 30 kilometers to the east," said Seabridge Gold Chairman and CEO Rudi Fronk. Three years of work at...
An updated preliminary economic assessment for Seabridge Gold Inc.'s KSM project provides a first look at the economic and environmental advantages of incorporating the recently expanded, higher grade Iron Cap gold-copper deposit into the mine plan. "The benefits of incorporating Iron Cap into mine plans at an early stage have exceeded the upper end of our expectations, not only for the improvements in projected economics but also for the reduction in environmental impact,"...
One of the most prospective, if not the potentially richest, recent gold discoveries in Yukon Territory is changing owners. Seabridge Gold has agreed to purchase the 3 Aces Project in southeastern Yukon from Golden Predator Mining Corp. for 300,000 Seabridge common shares, contingent future cash payments totaling C$2.25 million and a 0.5% net smelter return royalty on the entire 3 Aces project, the companies reported March 30. The deal also includes an immediate cash payment...
Seabridge Gold Inc. March 30 announced an agreement to acquire full ownership of Golden Predator Mining Corp.'s 3 Aces gold project in the Yukon. Lying alongside the Nahanni Range Road, 3 Aces is an easily accessible project that covers 357 square kilometers (138 square miles) of high-grade gold discoveries and targets in southeastern Yukon. The target concept for 3 Aces is consistent with some of the largest and richest gold districts in the world, including the California...
Seabridge Gold Corp. Dec. 17 said deep penetrating geophysics has identified four additional porphyry targets at its already world-class gold-copper project in British Columbia's Golden Triangle. The four deposits already identified at KSM – Kerr, Sulphurets, Mitchell and Iron Cap – host 2.98 billion metric tons of measured and indicated resources averaging 0.52 grams per metric ton (49.7 million ounces) gold, 0.21 percent (13.9 billion pounds) copper, 2.8 g/t (265 mil...
Seabridge Gold Inc. Oct. 21 reported that geophysical surveys, geochemical sampling and detailed mapping completed this summer has refined porphyry copper-gold drill targets at its Iskut project in northwestern British Columbia. "We believe we have identified a new, high value target that can be explored cost-effectively," said Seabridge Gold Chairman and CEO Rudi Fronk. The summer exploration program has identified a large intrusive system at relatively shallow depth that is...
Whether it be precious metals such as gold and silver, base metals like copper and zinc, or battery metals like nickel and cobalt, northern British Columbia is rich in the type of metal deposits that junior mining companies are hoping to discover and majors are wanting to mine. Couple this mineral endowment with good infrastructure – especially stacked up against the other jurisdictions in the North of 60 Mining News coverage area – and northern B.C. continues to draw str...
With the four main deposit at KSM – Kerr, Sulphurets, Mitchell and Iron Cap – advanced to the feasibility stage, Seabridge Gold Inc. shifted the focus of its 2019 exploration on discovery targets beyond the vast copper-gold resources delineated so far across this property in British Columbia's Golden Triangle. A prefeasibility study completed in 2016 detailed a mine for KSM that would produce an average of 540,000 oz gold, 156 million lb copper, 2.2 million oz silver, and 1.2...
