The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 68 of 68
Osisko Gold Royalties Ltd. Jan. 4 said it has amended its revolving credit facility with National Bank of Canada and Bank of Montreal, thereby increasing the amount of the facility from C$100 million to C$150 million and extending its term to Dec. 23, 2017. The facility is to be used for investments in the mineral industry, including the acquisition of royalties and funding precious metal streams. Osisko CEO Elif Lévesque said, "This increased facility complements our strong...
TerraX Minerals Inc. Dec. 4 reported results from the first 19 holes of a 41-hole drill program completed at the Crestaurum Shear on its Yellowknife City Gold Project, immediately north of the capital of Northwest Territories. Most of the initial results were from drilling in the Central Shoot area of the shear. Highlights from 13 holes drilled at the Central Shoot include: TCR15-037, which cut 1.39 meters grading 40.52 grams per metric ton gold in in a newly discovered zone...
TerraX Minerals Inc. Nov. 18 provided results from an initial six holes (953 meters) testing near-surface replacement style mineralization in the Hebert-Brent Shear area of its Yellowknife City Gold Project, Northwest Territories. Highlights include: 10.36 meters of 3.61 grams per metric ton gold from a depth of 6.14 meter in hole TNB15-024; and 6.7 meters of 2.7 g/t gold from a depth of 11.5 meters in hole TNB15-025. Drilling of the Hebert-Brent Shear followed up on channel...
TerraX Minerals Inc. Oct. 26 reported results from additional channel sampling of replacement-style mineralization in the Hebert-Brent Shear area of its Yellowknife City gold project, Northwest Territories. In August, TerraX reported 11 meters of 7.55 grams-per-metric-ton gold from channel sampling at the Hebert-Brent Zone; followed by six meters of 10.26 g/t gold at the Hebert-Brent South zone and 17.86 meters of 2.21 g/t gold (previously reported as 15.3 meters of 2.23 g/t...
Mineral exploration spending in Northwest Territories dipped sharply in 2015. While the final numbers are not in, Natural Resources Canada predicts exploration and deposit appraisal expenditures in the territory to be around C$43.6 million, or less than half the roughly C$95.8 million invested last year. Industry and government leaders in the territory, however, have come together "to develop a robust mineral industry in the NWT." In January, the government announced the...
TerraX Minerals Inc. is on a mission - outline a multimillion-ounce resource along the many high-grade gold zones located at its Yellowknife City Gold Project, which is located about 15 kilometers (nine miles) north of the capital of Northwest Territories. A C$3.5 million cash infusion by Osisko Gold Royalties Ltd. along with nearly C$2.7 million raised separately is helping the explorer to reach its goal. "TerraX has always been committed to putting our dollars into the groun...
TerraX Minerals Inc. Sept. 23 reported that it has staked an eight-kilometer (five miles) extension of the Yellowknife Greenstone Belt, immediately south of the historic Con Mine. This newest addition to TerraX's Yellowknife City Gold project consists of five claims totaling 16.7 square kilometers (6.4 square miles). During a two-day reconnaissance program on the northeastern third of the Southbelt property prior to staking, 12 structures were noted and 44 grab samples were...
TerraX Minerals Inc. Sept. 8 said channel sampling has identified new zones of gold mineralization at the Hebert-Brent Shear of its Yellowknife City Gold project in the Northwest Territories. Assays from cut channel sampling across the strike of two zones returned: six meters averaging 10.26 g/t gold across Hebert-Brent South; and 15.3 meters averaging 2.23 g/t gold across Hebert-Brent East. TerraX said these results indicate high grade zones of mineralization across a...
TerraX Minerals Inc. Aug. 11 said channel sampling of a new zone of mineralization, the Hebert-Brent showing, at the Yellowknife City Gold Project returned 11 meters averaging 7.55 grams per metric ton gold. This sample comes from a newly mapped deformation zone located 1,000 meters south and on strike with the Barney Zone drilled in 2014, where one hole cut 22.42 meters 6.35 g/t gold. "This high-grade sampling result reported today is illustrative of the prospectivity of the...
TerraX Minerals Inc. June 17 reported the completion of an option to Osisko Gold Royalties Ltd. to purchase an additional 1 percent net smelter return royalty on the Yellowknife City Gold Project in the Northwest Territories, including a surrounding area of interest. To obtain this option, Osisko has paid TerraX C$1 million in cash. The option entitles Osisko to purchase the 1 percent NSR by paying an additional C$2 million within three months following commencement of...
TerraX Minerals Inc. June 9 reported the start of field work on the Yellowknife City Gold Project with the assistance of technical staff from Osisko Gold Royalties Ltd. This cooperative work follows Osisko's agreement to invest C$2.5 million in TerraX by way of a private placement currently being finalized. The field work, which is focused on mapping structurally controlled gold targets identified by geophysical and geological programs, will help prioritize drill targets for...
TerraX Minerals Inc. May 13 reported an agreement to sell an additional 1 percent net smelter return royalty on its Yellowknife City Gold project in the Northwest Territories to Osisko Exploration James Bay Inc., a wholly-owned subsidiary of Osisko Gold Royalties Ltd. To purchase this option, Osisko Exploration will pay TerraX C$1 million in cash. The agreed to option entitles Osisko Exploration to purchase the royalty by paying an additional C$2 million within three months...
TerraX Minerals Inc. March 11 reported results from three holes drilled during the ongoing 2015 winter drill program at the Yellowknife City Gold project in Northwest Territories. All three holes hit the mineralized shear at the South Shoot of the Crestaurum Zone where expected, confirming structure, with various amounts of quartz veining and visible gold noted in two of the three holes. Highlights included: eight meters averaging 6.83 grams per metric ton gold in hole...
After ushering in devolution in concert with implementing the first phase of a well-reasoned mineral development strategy, the Northwest Territories is eager to attract new mineral resource investment in 2014 in hopes of building on an uptick in exploration activity in recent years. "The Canadian North is the next frontier in mining and mineral development and nowhere is this more evident than in the NWT," said NWT Industry, Tourism, and Investment Minister David Ramsay. Home to the third-richest diamond resources in the...
TXR: TSX.V President and CEO: Joseph Campbell Vice President, Exploration: Tom Setterfield Chief Financial Officer: Stuart Rogers TerraX Minerals Inc. is focused on exploration of its Yellowknife City Gold Project, a 93.5-square-kilometer (36.1 square miles) land package immediately north of the Northwest Territories capital. The property consists of five claim groups that TerraX has assembled since early 2013. The company's 2014 exploration focused on the Northbelt property, which covers 13 kilometers (eight miles) of...
The Government of Northwest Territories has implemented a new Mining Incentive Program that was oversubscribed by midyear, with strong interest shown by companies and prospectors in the Northwest Territories and across Canada. "The Mining Incentive Program helps our government support those with the energy, expertise and perseverance that this industry relies on to conduct mineral exploration in an environmentally sustainable way," said GNWT Industry, Tourism and Investment Minister David Ramsay. "I especially look forward...
Northwest Territories continued to benefit in 2013 from a recent surge of exploration interest. A vast expanse of mountains, forests and tundra that is roughly two-thirds the size of Alaska, the territory covers 1.17 million square kilometers (431,162 square miles). "We have, in the North, what the world wants - what emerging markets need," Northwest Territories Premier Robert "Bob" McLeod told an audience at a Prospects North gathering in Yellowknife Sept. 11. "We are the third-largest diamond producer in the world. In...
TerraX Minerals Inc. may have crafted the perfect gold exploration program to carry out during a capital-scarce down cycle. The Vancouver-based junior won a competitive bid in January to explore the gold-rich Northbelt claims, which consists of 121 leases totaling 3,562 hectares (8,802 acres) covering about 13 kilometers of strike along the prolific Yellowknife Belt, 15 kilometers (9 miles) north of the city of Yellowknife, Northwest Territories. The property was offered for sale by Samson Belair/Deloitte & Touche Inc.,...
