The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 101 - 125 of 165
With the completion of a C$2.8 million financing, along with the closing of property acquisition agreements with Millrock Resources Inc. and Seven Devils Exploration Ltd., Sojourn Exploration Inc. has all the pieces in place to be a significant new prospect generator in British Columbia's Golden Triangle. The three-way deal brings together three highly prospective copper-gold properties generated by Millrock, another four properties and the exploration talent of privately...
When Skeena Resources Ltd. acquired Eskay Creek from Barrick Gold Corp. in 2017, the exploration company believed this historic mine property hosted significant quantities of gold and silver mineralization that fell below the cut-off grade for previous mining but may be considered economically viable ore today. A new resource calculated for Skeena backs up this theory. According to the calculation published on Sept. 17, Eskay Creek hosts 1.09 million metric tons of open-pit...
Skeena Resources Ltd. Sept. 11 reported that it cut 27.7 meters averaging 29.49 grams per metric ton gold and 973 g/t silver, or 43.39 g/t gold-equivalent, during the initial phase of drilling at its Eskay Creek project in British Columbia's Golden Triangle. Late in 2017, Skeena cut a deal to buy all of Barrick Gold Corp.'s interest in Eskay Creek. Discovered in 1988, the historic Eskay Creek mine produced roughly 3.3 million ounces of gold and 160 million oz of silver at...
StrikePoint Gold Inc. has expanded its drill program and land position at its recently acquired Porter Idaho property on Mount Rainey about 2.5 kilometers (1.5 miles) outside of Stewart, British Columbia. On Sept. 12, the Vancouver, B.C.-based exploration company announced the mobilization of a second drill rig to test the potential connection between the historic Silverado and Prosperity-Porter Idaho underground silver mines just above Stewart, British Columbia. Despite only...
Millrock Resources Inc. Aug. 9 announced it has sold its three gold-copper exploration projects in the Golden Triangle region of northwestern British Columbia – Oweegee Dome, Willoughby and Todd Creek – to Sojourn Exploration Inc. Previous option agreements under which Sojourn was to earn an interest in two of the properties – Oweegee Dome and Willoughby – have been terminated. Instead, Sojourn will issue Millrock 7.82 million shares to buy the properties outright, which w...
StrikePoint Gold Inc. July 16 said it has closed a deal to acquire Porter Idaho, a high-grade silver property in British Columbia's Golden Triangle, from Skeena Resources Ltd. Porter Idaho hosts the historic Silverado and Prosperity-Porter Idaho mines, silver-rich vein systems about 2,000 meters apart, on opposite sides of Mount Rainey. StrikePoint Gold said recent glacial retreat has exposed the ground between these past producing mines sites, providing the first opportunity...
Skeena Resources Ltd. June 14 reported results from an additional 11 holes drilled during the second phase of the company's underground drill program at the historic Snip gold mine in the Golden Triangle region of northwestern British Columbia. Operated by Barrick in the 1990s, the Snip Mine produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per metric ton gold. Skeena, which optioned the project from Barrick, completed 7,180 meters...
Skeena Resources Ltd. said the results from the first eight holes of the second phase of underground drilling program at Snip, is increasing the geological confidence of high-grade gold zones at this historical high-grade gold mine project in British Columbia's Golden Triangle region. The historic underground mine at Snip, which Barrick Gold operated from 1991 to 1999, produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per metric ton...
Skeena Resources Ltd. April 3 announced the start of an 11,000-meter underground drill program at its Snip gold project in British Columbia's Golden Triangle. The historic underground mine at Snip, which Barrick Gold operated from 1991 to 1999, produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per metric ton gold. Skeena optioned this project from Barrick early in 2016 and completed roughly 7,180 meters of surface drilling that...
Millrock Resources Inc. Feb. 2 announced that it has cut deals to move its trio of Golden Triangle exploration projects into what is expected to be a well-financed exploration company managed by an outstanding technical team that will specialize as a British Columbia project generator company. Under the contemplated transaction, Millrock will vend its Todd Creek project to Sojourn Exploration Inc. The terms of the existing option agreements with Sojourn concerning two other...
Skeena Resources Ltd. Jan. 23 reported high-grade gold results from another nine underground holes drilled at its Snip project in the Golden Triangle region of northwestern British Columbia. The best hole, UG17-062, cut 3.82 meters averaging 91.56 grams (2.94 troy ounces) per metric ton gold and 5 meters averaging 8.71 g/t gold. Targeting a less densely drilled portion of the Upper Twin zone, the company said UG17-062 demonstrates the up-dip grade and geological continuity of...
Skeena Resources Ltd. Jan. 8 reported additional high-grade gold results from underground drilling at its Snip project in northwestern British Columbia. The historic underground mine at Snip, which Barrick Gold Corp. operated from 1991 to 1999, produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per metric ton gold. Skeena optioned this project from Barrick in 2016 and completed roughly 7,180 meters of surface drilling that year. With this program, Skeena exceeded the C$2 million...
Skeena Resources Ltd. said it has begun a 9,000-meter underground drill program at its Snip gold project in the Golden Triangle of northwest British Columbia. The historic underground mine at Snip, which Barrick Gold operated from 1991 to 1999, produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per metric ton gold. Skeena optioned this project from Barrick last spring and completed roughly 7,180 meters of surface drilling in 2016....
Skeena Resources Ltd. Nov. 1 reported the final assay results from its 2016 drill program at Snip, which hosts the historic Snip high-grade gold mine in the Golden Triangle of northwestern British Columbia. Hole S-16-16, targeting an extension of the newly discovered Twin West structural corridor, cut 3.2 meters averaging 24.44 g/t gold. Additional holes targeting the Twin Zone confirmed the presence of the newly defined 200 Footwall zone, which is approximately 200 meters below the historical Twin zone mine workings....
Under the direction of legendary mining explorer Ron Netolitzky, Skeena Resources Ltd. is investigating the gold and copper potential of three highly prospective properties in the Golden Triangle region of British Columbia - Spectrum, Snip and GJ. In April, Skeena published a maiden resource for Spectrum, a gold-copper project about 37 kilometers (23 miles) west of Imperial Metals' Red Chris Mine. The Central zone at Spectrum hosts 8.95 million metric tons of indicated resource averaging 1.04 grams per metric ton (290,000 oun...
When judging the health of global mineral exploration, British Columbia seems to be the perfect model. In 2015, roughly C$272 million was invested in discovering and delineating mineral deposits in B.C., down some C$66 million from 2014. This 19.5 percent drop is in lockstep with the decline in global mineral exploration budgets for the same period, according SNL Metals & Mining's World Exploration Trends report. Likewise, B.C. exploration decreased about 60 percent from the...
Skeena Resources Ltd. Dec. 12 released the final results from the 2016 drill program at its Spectrum-GJ and announced the start of s preliminary economic assessment for this newly expanded gold-copper property in the Golden Triangle of northwestern British Columbia. This year's program included 2,872 meters of drilling in eight holes at the Donnelly deposit on the GJ side of the property and 6,279 meters in 22 holes at the Central zone on the Spectrum side of the property. In 2015, Skeena cut a deal to buy full ownership of...
Skeena Resources Ltd. March 6 said it is planning to complete 15,000 meters of surface and underground drilling during the 2017 field season at the historic Snip gold mine in northwestern British Columbia. The underground mine at Snip, which Barrick Gold operated from 1991 to 1999, produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 g/t gold. Skeena optioned this project from Barrick last spring and went on to complete roughly 7,180 meters of drilling in 2016. In total, Skeena spent more...
Skeena Resources Ltd. April 20 published results from a preliminary economic assessment that investigates the potential of combined development of its Spectrum and GJ properties in the Golden Triangle of northwest British Columbia. The economic study calls for starting with a 10,000-metric-ton-per-day mine at the porphyry copper-gold Donnelly deposit on the GJ side of the project; ramping up to 20,000 metric tons per day in year six, when mining of the porphyry gold-copper Central zone deposit at Spectrum begins; and...
Millrock Resources Inc. March 23 said it has acquired additional exploration information for Willoughby, a high-grade gold-silver project in the Golden Triangle District of British Columbia that Millrock acquired in 2016. This data, which was never submitted to the British Columbia Department of Energy and Mines for assessment purposes, was documented in a 1996 internal report for Camnor Resources Ltd. Titled "Report on the 1996 program and recommendations for further work, Willoughby property, Stewart area, British...
Skeena Resources Ltd. Dec. 18 cut a deal with Barrick Gold Corp. to acquire all of the major's interest in the Eskay Creek gold mine property in the Golden Triangle region of northwest British Columbia. Barrick has also agreed to make a C$1 million strategic investment in Skeena. Discovered in 1988, the former Eskay Creek mine produced roughly 3.3 million ounces of gold and 160 million oz of silver at average grades of 45 grams per metric ton gold and 2,224 g/t, which at the time made it the world's highest-grade gold mine...
Skeena Resources Ltd. said the results from the first 17 underground holes drilled this year at the past producing Snip Mine tapped high-grade gold and bolster the company's confidence in the decades-old drill data for this historic operation in northwestern British Columbia. The best intercept so far came in hole UG17-013, which cut 1.5 meters averaging 341 grams per metric ton gold. This intersection is 15 meters down-dip of the historically mined 150 Vein stope and matches...
Skeena Resources Ltd. Sep. 14 reported that it is now carrying out an underground exploration program at the Snip gold project in the Golden Triangle region of northwest British Columbia. In July, the company exercised its option to acquire full ownership of the historic Snip Mine property from Barrick Gold Corp. Since that time, crews have re-opened two historic portals in preparation for underground drilling. “A tremendous amount of work has gone into re-opening the Snip mine,” said Skeena CEO Walter Coles. “Safety is ou...
Skeena Resources Ltd. Dec. 18 cut a deal with Barrick Gold Corp. to acquire all of the major's interest in the Eskay Creek gold mine property in the Golden Triangle region of northwest British Columbia. Barrick has also agreed to make a C$1 million strategic investment in Skeena. Discovered in 1988, the former Eskay Creek mine produced roughly 3.3 million ounces of gold and 160 million oz of silver at average grades of 45 grams per metric ton gold and 2,224 g/t, which at the time made it the world's highest-grade gold mine...
Skeena Resources Ltd. Oct. 3 posted assay results from six holes drilled at the past-producing Snip high-grade gold project in the Golden Triangle of northwestern British Columbia. Highlights include 4.7 meters of 16.01 grams per metric ton gold, including 1.65 meters of 37.7 g/t gold in hole S-16-11. This hole, along with S-16-12, targeted an area below the Twin West underground workings, where limited historic production totaled about 10,000 metric tons at an average grade...
