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 277
Strategic Metals Ltd. April 22 announced that it has granted Upper Canada Mining Inc. the right to earn up to a 70% interest in the Mount Hinton gold project in the Yukon. Upper Canada Mining is a privately held, Calgary, Alberta-based minerals exploration and mining company primarily focused on gold and silver. Mount Hinton is a good fit for such a company. Found along the southeast side of Alexco Resource Corp.'s Keno Hill Silver Mine property and about 22 miles (35 kilomete...
Victoria Gold Corp. April 6 reported that its Eagle Mine in the Yukon produced 26,759 ounces of gold during the first quarter of 2021. While significantly less than the 45,000- to 50,000-oz quarterly average the company hopes to achieve this year, it is a 250% increase over the 10,544 oz produced during the first quarter of 2020 and ahead of the schedule for this year. Gold production at a heap leach operation such as Eagle lags behind mining, crushing, and ore stacking. With...
Banyan Gold Corp. April 21 said the final set of assay results from the 2020 drill program at its AurMac project in the Yukon continue to confirm the expansion potential of the near-surface Powerline gold deposit. "All of these final 2020 step-out diamond drill holes to the east of the Powerline deposit intersected gold mineralization and have demonstrated gold mineralization remains open in all directions – a further validation of the expansion potential of the n...
Strategic Metals Ltd. Jan. 13 reported strong gold and silver mineralization in the final batch of assay results from the 2020 drill program at the company's road accessible Mount Hinton project in Yukon's Keno Hill District. Located about 35 kilometers (22 kilometers) southeast of Victoria Gold Corp.'s Eagle Gold Mine, Mount Hinton is an early staged gold and silver exploration project where 2019 surface sampling collected rocks with up to 2,340 grams per metric ton (75.23...
Rockhaven Resources Ltd. Feb. 18 announced that its 2020 drilling tapped new bonanza grade gold-silver encountered during a 2020 drill program targeting areas that lie outside the already defined deposit on its road-accessible Klaza project about 50 kilometers (31 miles) west of Carmacks, Yukon. A preliminary economic assessment completed last year outlines plans for a mine at Klaza that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over a 12-year...
Victoria Gold Corp. March 1 announced that it estimates between 180,000 and 200,000 ounces of gold production at Eagle Mine during 2021, the first full year of commercial production at the newly established Yukon operation. Reaching commercial production on July 1, Eagle Mine produced 116,644 oz gold during 2020, which included 38,896 oz recovered during non-commercial production over the first six months of the year. During the first three months of commercial production,...
As the historian Murray Morgan once observed, Seattle residents "tend to look on Alaska as their very own... Seattle stores display sub-arctic clothing, though Puget Sound winters are usually mild; Seattle curio shops feature totem poles, though no Puget Sound Indian ever carved one." This perception is possibly one of the largest legacies of the Klondike Gold Rush, which links Seattle and the Last Frontier in the public mind. Yet, the success and brotherhood shared between... Full story
Banyan Gold Corp. Feb. 24 announced the final assay results from a 2020 drill program that significantly expanded the footprint of gold mineralization at AurMac, a road accessible project about 56 kilometers (35 miles) northeast of Mayo, Yukon and roughly 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle gold mine. According to a May calculation, two at-surface deposit at AurMac host 52.58 million metric tons of inferred resource averaging 0.54 grams per metric...
From the first glimpse of a potential new discovery to watching the first load of ore pour into a new mill, mineral explorers working in Yukon Territory during 2020 reported experiencing the full gamut of mining highs. Encouraged by the commissioning of the Eagle Gold Mine, government grants for exploration projects, and metals prices, dozens of juniors rushed to the Yukon to chase prospects in the northern territory. "Based on the historic trends, coming into 2020, it looked... Full story
White Rock Minerals Ltd. and AuStar Gold Ltd. Feb. 2 announced plans to merge into a larger mining company with a world-class portfolio of assets that include the large Red Mountain silver-zinc-gold-lead and Last Chance gold projects in Alaska, and a portfolio of exploration to producing gold assets in Australia. Under the arrangement proposed by the two companies, White Rock will acquire AuStar by issuing 0.78 White Rock shares for every AuStar share issued to shareholders....
Rockhaven Resources Ltd. is advancing its high-grade Klaza gold-silver project in southwestern Yukon towards permitting and development. A preliminary economic assessment completed mid-2020 envisions a mine at Klaza that would produce roughly 750,000 ounces gold and 13.8 million oz silver over a 12-year mine life. The Klaza mine outlined in the PEA is calculated to generate a post-tax net present value (at a 5% discount) of C$378 million and a 37% internal rate of return. The... Full story
Banyan Gold Corp. posted a maiden 903,945-ounce inferred gold resource for AurMac, the new name for the company's combined Aurex and McQuesten properties in the Yukon. A road accessible project about 56 kilometers (35 miles) northeast of Mayo and roughly 10 kilometers (six miles) south of Victoria Gold Corp.'s Eagle gold mine, AurMac hosts at-surface deposits – Airstrip and Powerline – along with other drill-ready targets. Banyan's drilling over the previous two years has f... Full story
As Victoria Gold Corp. ramped up to commercial production at its Eagle Gold Mine in the Yukon, the company continued to explore for new lodes of gold across the 555-square-kilometer (214 square miles) Dublin Gulch property where the recently constructed operation is located. "We remain bullish on the geological potential of the broader Dublin Gulch property and while the Eagle Gold Mine is the first to production, we hold strong conviction other deposits will follow," said... Full story
Victoria Gold Corp. Jan. 6 reported that its Eagle Gold Mine produced 42,174 ounces of gold during the final quarter of 2020. This strong quarterly output pushed the Yukon operation's second half production to 77,748 oz of gold, which topped the company's COVID-adjusted guidance of 72,000 to 77,000 oz for the final six months of 2020. Including the 38,896 oz of gold recovered during non-commercial production over the first six months of 2020, Eagle produced 116,644 oz gold...
Banyan Gold Corp. Jan. 6 provided a recap of the milestones achieved during its 2020 program on its AurMac and Nitra gold properties in the Yukon. A road accessible project about 56 kilometers (35 miles) northeast of Mayo and roughly 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle gold mine, AurMac hosts at-surface deposits – Airstrip and Powerline – along with other drill-ready targets. According to a May calculation, AurMac hosts 52.58 million metric tons of in...
Victoria Gold Corp. Dec. 8 reported high-grade gold results from trenching and drilling carried out this year at Lynx, an early stage exploration target about nine kilometers (5.6 miles) southeast of the Eagle Mine. The 2020 exploration work at Lynx consisted of a focused program that included 720 meters of trenching, 590 meters of diamond drilling in four holes, and the collection of more than 1,600 grid-based soil samples. Highlights from the trenching include: • 46 m...
Resting on the eastern fringe of the Misty Fjords National Monument, at the head of Portland Canal, the Southeast Alaska mining town of Hyder survives through a symbiotic relationship with Stewart, a British Columbia mining town that lies just two miles (3.2 kilometers) to the east. Persisting for over a century as a town that identifies more closely with its Canadian neighbor than distant Alaska towns, Hyder found its lifeline being nearly cut off by the coronavirus... Full story
Victoria Gold Corp. Nov. 16 reported long intersection of strong gold mineralization in the final 13 holes drilled at the Raven target on the company's 555-square-kilometer (214 square miles) Dublin Gulch property in the Yukon. Discovered in 2018, Raven is a near surface gold target about 13 kilometers (eight miles) east of Victoria's Eagle Gold mine. The 2020 drill program at Raven extended high-grade gold mineralization there to 750 meters along strike, which is triple the...
Banyan Gold Corp. Nov. 16 reports that recent assay results demonstrate the expansion potential of the Powerline zone on the company's AurMac gold property in the Yukon. A road accessible project about 56 kilometers (35 miles) northeast of Mayo and roughly 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle gold mine, AurMac hosts at-surface deposits – Airstrip and Powerline – along with other drill-ready targets. According to a May calculation AurMac hosts 52....
Victoria Gold Corp. Oct. 10 reported that its Eagle Gold Mine in the Yukon produced 35,312 ounces of gold during the third quarter, which was lower than expected due to bottlenecks in the production circuit. In July, the company forecast Eagle would produce 85,000 to 100,000 oz of gold during the second half of 2020, or an average of 42,500 to 50,000 oz per quarter. While the gold production is below pace, Victoria is pleased with the performance of the newly commissioned... Full story
Victoria Gold Corp. Oct. 19 reported wide sections of strong gold mineralization during the 2020 drill program at Raven, the newest discovery on the company's 555-square-kilometer (214 square miles) Dublin Gulch property in the Yukon. Discovered by Victoria geologists in 2018, Raven is a near surface gold target about 13 kilometers (eight miles) east of the company's Eagle Gold mine. Trenching at Raven in recent years has encountered strong gold mineralization. Highlights... Full story
Banyan Gold Corp. Sept. 21 reports that step-out drilling has extended the strike of the Airstrip deposit on its AurMac property in the Yukon by roughly 200 meters. Airstrip is the larger of two deposit at AurMac, a road accessible project about 56 kilometers (35 miles) northeast of Mayo and roughly 10 kilometers (six miles) south of Victoria Gold Corp.'s Eagle gold mine. According to a resource calculated earlier this year, Airstrip hosts 46 million metric tons of inferred...
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.... Full story
Strong gold prices and the smooth ramp up to commercial production at its Eagle Mine is allowing Victoria Gold Corp. to pay off the loans taken out to develop the Yukon operation quicker than scheduled. On Aug. 5, the mineral explorer turned gold producer made an unscheduled US$10 million payment towards the interest and principal of its US$100 million senior secured credit facility. Victoria made its first regularly scheduled payment of US$7,133,266 toward the principle of...
From sourdoughs dipping pans into creeks at the northern edge of the frontier to enormous haul trucks dumping ore on a heap leach pad, the story of Dublin Gulch is a 125-year saga of trials and triumphs that culminates in the rise of Eagle Gold, the largest gold mine ever to be built in the legendary Yukon Territory. Like many of the tales of Yukon and Alaska's gold rush days, the Dublin Gulch journey begins with Jack McQuesten, oft called the father of the Yukon, and his... Full story
