The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 126 - 150 of 165
Skeena Resources Ltd. July 18 said it raised C$3.93 million during the second tranche of an over-subscribed, non-brokered private placement. Through the first two tranches of the financing, Skeena has raised gross proceeds of C$7.73 million and the final tranche is expected to close soon. Funds raised from this financing will be used for drilling at the Snip gold property, as well as for exploration programs on the Spectrum and GJ gold-copper properties and for general working capital purposes. All three of the properties...
Skeena Resources Ltd. Sept. 14 reported high-grade rock sampling results and the advancement of several prospecting discoveries and geochemical anomalies to drill target status on the Spectrum gold project in Northwest British Columbia. Nine targets have been newly identified or improved by the prospecting work. Drilling was recently completed on two of these prospects and assays are pending. Several others will be tested by drilling before the end of this season. "We keep finding more high-grade prospects that should allow...
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...
Skeena Resources Ltd. Aug. 9 signed a definitive agreement to acquire Mount Rainey Silver Inc., a private company that owns the 46 mineral claims covering the past-producing, underground Prosperity-Porter Idaho-Silverado silver property in the Golden Triangle of northwest British Columbia. The Porter Idaho project has two known silver-bearing vein systems about 2,000 meters apart on opposite sides of Mount Rainey with a surface portion of the intervening terrain masked by the...
Skeena Resources Ltd. June 20 posted a 2016 budget of C$2.5 million to fund a 6,000-meter drill program at its recently acquired Snip gold property. This is double the drilling originally planned for this historic Golden Triangle property. In March, Skeena reported that it had entered into an option to acquire 100 percent interest in the property that hosts the past-producing Snip Gold Mine from Barrick Gold Corp. A budget of C$2.5 million for the 6,000 meters of drilling has...
Skeena Resources Ltd. May 17 unveiled plans for a 3,000-meter drill program at its recently acquired Snip gold property in northwestern British Columbia. Snip historically hosted a high-grade underground mine that produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per metric ton gold. The mine began production in 1991 and operated until 1999, when high operating costs, exhaustion of economic reserves, and the US$300/oz. price of gold...
Skeena Resources Ltd. May 9 unveiled plans for a 10,000-meter drill program this year at its Spectrum gold-copper project in northwestern British Columbia. Roughly 6,000 meters of this drilling will focus on expanding the Central Zone, which hosts 8.95 million metric tons of indicated resource averaging 1.04 grams per metric ton (290,000 ounces) gold, 6.58 g/t (1.82 million oz.) silver and 0.11 percent (20.835 million pounds) copper. Additionally, the deposit hosts 22.63...
Skeena Resources Ltd. April 25 reported a maiden resource estimate for Spectrum and plans for the 2016 field season at the gold-copper project located in the Golden Triangle of northwestern British Columbia. The Central Zone of the Spectrum deposit hosts 8.95 million metric tons of indicated resource averaging 1.04 grams per metric ton (290,000 ounces) gold, 6.58 g/t (1.82 million oz.) silver and 0.11 percent (20.835 million pounds) copper. Additionally, the deposit hosts 22.6...
Skeena Resources Ltd. March 23 reported the signing of an agreement with Barrick Gold to acquire the historic high-grade Snip gold mine in northwestern British Columbia, an operation that produced roughly 1 million ounces of gold from ore averaging 25 grams per metric ton gold. Under terms of the agreement, Skeena may acquire a 100 percent interest in the Snip property by: issuing up to 3.25 million Skeena shares to Barrick; investing C$2 million on Snip within the first 30 months of the agreement, including C$500,000 within...
Skeena Resources Ltd. Feb. 12 reported that its compilation of historical work on high-grade gold-silver and bulk tonnage copper-gold exploration targets on its GJ copper-gold project in northwestern British Columbia has resulted in the discovery of five high-grade gold prospects. Skeena's review focused on targets within the northern portion of GJ and does not include the Donnelly, North Donnelly, GJ and Camp porphyry copper-gold deposits in the central core of the property....
Skeena Resources Ltd. Jan. 14 released an updated resource estimate for the Donnelly and North Donnelly copper-gold deposits at its recently acquired GJ property in the Golden Triangle of northwestern British Columbia. The Donnelly and North Donnelly deposits now host 133.67 million metric tons of measured and indicated resource, using a 0.2 percent copper cut-off, grading 0.32 percent (940.23 million pounds) copper and 0.36 grams per metric ton (1.56 million ounces) gold. In...
Skeena Resources Ltd. Nov. 19 reported assay results for the final 18 holes (6,576 meters) of the 2015 program at its Spectrum gold project in northwestern British Columbia. Highlights from drilling at the Central Zone include: 18 meters of 6.13 grams per metric ton gold from a depth of 252 meters in hole S15-60; two meters of 8.27 g/t gold from a depth of 204.6 meters, and one meter of 23.1 g/t gold from a depth of 286.5 meters in hole S15-055; 18 meters of 2.69 g/t gold...
Skeena Resources Ltd. Oct. 26 reported assay results for nine holes of its 61-hole drill program at the Spectrum gold project in the Golden Triangle of northwestern British Columbia. Hole S15-049, drilled towards the south end of the Central Zone, cut four intervals with greater than 5.0 g/t gold between 197 and 232 meters. The best intercept of hole 49 was 14 meters grading 7.82 g/t gold. Hole S15-048, drilled above S15-049 on the same section, was abandoned due to drilling...
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...
Skeena Resources Ltd. entered 2015 with a mission - outline at least 2.0 million ounces of high-grade gold at its Spectrum property located in the Golden Triangle region of northwestern British Columbia. Skeena Chairman Ron Netolitzky is no stranger to this metals-rich corner of B.C. In fact, he is a 2015 Canadian Mining Hall of Fame inductee, an honor that is largely due to his finding two world-class mines - Eskay Creek and Snip - in the Golden Triangle. The legendary prospe...
Skeena Resources Ltd. Oct. 8 released results for 13 holes from an expanded drill program at its Spectrum gold project in the Golden Triangle of northwestern British Columbia. Hole S15-043, drilled at the south end of the Central zone deposit, cut three high-grade intervals between 197 and 232 meters. The most significant interval is 11.4 meters grading 16.73 g/t grams per metric ton gold. The other significant intervals include four meters grading 24.24 g/t gold and four...
Skeena Resources Ltd. Oct. 6 reported acquisition of the GJ copper-gold property from joint venture owners Teck Resources Ltd. (51 percent) and NGEx Resources Inc. (49 percent). The 37,508-hectare (92,684 acres) GJ property lies adjacent to the eastern boundary of Skeena's Spectrum property in the Golden Triangle of Northwest British Columbia. Crossed by Highway 37 and the recently completed 287-kilovolt Northwest Transmission Line, the infrastructure at GJ is excellent. Addit...
Skeena Resources Ltd. Sept. 14 reported high-grade rock sampling results and the advancement of several prospecting discoveries and geochemical anomalies to drill target status on the Spectrum gold project in Northwest British Columbia. Nine targets have been newly identified or improved by the prospecting work. Drilling was recently completed on two of these prospects and assays are pending. Several others will be tested by drilling before the end of this season. "We keep...
Skeena Resources Ltd. Sept. 8 provided assay results from 15 drill holes drilled at its Spectrum gold project in the Golden Triangle of Northwest British Columbia. Results for the initial six holes were released on Aug. 20. Highlights from this second batch of results include: hole S15-15 cut 26.15 meters grading 8.21 grams per metric ton gold, including two meters grading 74.5 g/t gold; hole S15-016 cut 61 meters grading 1.62 g/t gold and 0.14 percent copper; hole S15-022...
Skeena Resources Ltd. Aug. 27 reported that Dolly Varden Silver Corp. has turned down offers for a merger. Skeena confirmed that it recently proposed to acquire all of the shares of Dolly Varden in an exchange valued at roughly C$4.2 million. Under the proposal, each Dolly Varden share would be exchanged for 2.763 Skeena shares, which values each Dolly Varden Share at about C22.1 cents, representing a premium of 50.9 percent to the 10-day volume weighted average price of both...
Skeena Resources Ltd. Aug. 20 said the first six holes of its 12,000-meter drill program at the Spectrum gold-copper property in northwestern British Columbia has cut multiple high-grade intercepts. One of the best examples is S15-012 cut 10.59 grams per metric ton gold over 6.6 meters beginning at 102 meters, 25.27 g/t gold over 3.9 meters at 197.6 meters, and four meters grading 7.08 g/t gold at 234 meters; and S15-017, which cut 85 meters grading 9.79 g/t gold and 430 g/t...
Skeena Resources Ltd. June 29 said it has received a three-year drilling permit and is mobilizing two rigs to undertake a 10,000- to 12,000-meter drill program at the Spectrum gold project in northwestern British Columbia. Fieldwork at Spectrum began on June 15 and includes re-sampling of historic core, soil sampling, prospecting and mapping. Camp and drill pad construction is underway, and drilling is expected to begin on or about July 2. The 50- to 60-hole drill program has...
Skeena Resources Ltd. April 29 said a C$4-million financing announced in late April is heavily oversubscribed, triggering a decision to increase the private placement to C$6.5 million. The terms of the financing otherwise remain the same - each flow-through share will be priced at C8 cents per share and each non-flow-through share will be priced at C6 cents. Skeena will use the funds to advance its Spectrum gold property in northwestern British Columbia and general purposes. T...
Copper North Mining Corp. Jan. 21 said recent testing demonstrates that an agitated tank leach is the optimal recovery process for copper, gold and silver from oxide mineral resources at the Carmacks Copper Project in central Yukon Territory. A new process plan consists of three-stage crushing and rod mill grinding prior to placing ore in an agitated tank for leaching of copper oxides with weak sulfuric acid. Testing indicates 84 percent copper recovery with leach times of 16...
Mineral and coal exploration in British Columbia, which peaked at C$680 million in 2012, retreated to roughly C$476 million in 2013. This drop is on par with the roughly 30 percent decrease in exploration expenditures worldwide. The dynamics that led to the decrease - tight capital markets that continue to challenge the ability of junior explorers to raise money, senior miners keeping tight reins on exploration spending and softer gold prices - have remained in play during...
