The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 151 - 175 of 277
Victoria Gold Corp. Sept. 3 reported high-grade gold sections within long intercepts of bulk tonnage mineralization from the 2019 drilling at the Raven target within the Nugget zone on the Dublin Gulch property, Yukon. Situated about 6.5 kilometers (four miles) east of Victoria's Eagle Gold deposit, the Nugget zone hosts the second largest known intrusive body on the Dublin Gulch property – the area currently being mined hosts the largest. Raven, a particularly intriguing t...
Nova Minerals Ltd. Sept. 2 said results from this year's drill program at its Estelle gold project in Alaska has cut higher grade, near-surface mineralization within a bulk tonnage gold deposit at Oxide Korbel. Oxide Korbel is a prospect area that roughly covers an area previously referred to as Oxide Ridge toward the north end of the roughly 18-mile-long Estelle property. SE11-01, the Oxide Ridge discovery hole drilled by Millrock Resources Inc. in 2011, cut 450.7 meters...
By 1898, the Klondike Gold Rush was beginning to wane and many of the roughly 100,000 people that trekked to the Yukon were seeking new regions to make their golden fortunes - moving in every direction at the merest mention of a new discovery. Many of these Klondike Gold Rushers headed west to the golden beaches of Nome whilst others would return south and discover the richest gold mining region of British Columbia, the Atlin District. Considered one of the most important...
Yukon Territory, a mineral exploration frontrunner in Canada's North, is witnessing a significant slowdown in 2019. As a result, growth in Yukon's economy is expected to slow this year but rebound in 2020, according to The Conference Board of Canada. In its "Territorial Outlook Economic Forecast: Summer 2019," released in June, the board said new mines coming online in 2020 will drive Yukon's growth in the near future. Several factors, however, have converged to put the...
Nova Minerals Ltd. Aug. 12 reported that the preliminary resource drill program at its Estelle gold project in Alaska has been completed on time and under budget. As a result of the acceleration of its induced polarization (IP) geophysical survey and drill campaign this year, Nova said it has made significant headway toward reporting an initial Australian Joint Ore Reserves Committee- (JORC) compliant for Oxide Korbel, a new occurrence in the Oxide area at the north end of the...
Banyan Gold Corp. July 16 announced the completion of a 1,000-meter drill program at its Aurex-McQuesten gold project near the community of Mayo, Yukon. Banyan had two objectives for its 2019 exploration program at Aurex-McQuesten; to continue to define and increase confidence within the McQuesten gold zone mineralization with infill drilling; and test a largely undrilled target area 1,000 meters south of the McQuesten zone, on the Aurex claim block, that is interpreted to...
Thanks to the start-up of new mines, The Conference Board of Canada forecasts the economies of Canada's territories to grow significantly over the next two years. In Territorial Outlook Economic Forecast: Summer 2019, The Conference Board of Canada foresees the combined economies of Nunavut, Northwest Territories and Yukon expanding by 5.3 percent in 2019 and 4.4 percent in 2020. "Territorial economies are being positively impacted by new mines that are propelling growth in...
Nova Minerals Ltd. June 21 announced the start of drilling at the Oxide gold prospect on the Estelle project about 100 miles northwest of Anchorage, Alaska. The Australia-based explorer plans to complete 5,000 meters of drilling in two phases. The second phase will be decided by the 2,500-meter phase-1 results. "It's great to be back drilling at the district-scale Estelle gold project," said Nova Minerals Managing Director Avi Kimelman. "A great deal of work has gone into...
Victoria Gold Corp. June 4 announced that it is on pace to pour the first bar of gold at its Eagle Mine in the Yukon about a month earlier than previously expected. The soon-to-be gold producer said construction of the Eagle Gold Mine is now 95 percent complete and the first ore is slated to be stacked on the heap leach pad in July. "Construction of the Eagle Gold Mine is nearing completion, ahead of schedule, and the operations team is ready to take advantage by advancing...
Victoria Gold Corp. May 7 reported that construction of Eagle Gold is 90 percent complete and Yukon's next major mine is slated to pour its first gold before the end of the year. "With construction activities on the verge of completion and operations well advanced, the Eagle Gold Mine is nearing reality," said Victoria Gold President and CEO John McConnell. "The mine is ahead of schedule and ready to deliver tremendous value for all Victoria stakeholders for many years to...
Victoria Gold Corp. March 18 reported that crews constructing a mine at the company's Eagle Gold project in the Yukon has exceeded 1 million manhours without a lost time incident (LTI), an injury that results in needing to take off of work. "I am very pleased to report the Eagle Project has passed the one million labor-hours LTI free," said Victoria Gold President and CEO John McConnell. "This is a very significant milestone, requiring a true team effort and I would like to...
Victoria Gold Corp. is well on its way to reaching its ultimate goal, pouring the first bar of gold at its Eagle Mine project this year. Located in the heart of the Yukon, about 85 kilometers (53 miles) north of the community of Mayo, Victoria's Eagle Gold Mine is expected to produce 200,000 ounces of gold annually over a 10-year mine life. Victoria broke ground on pre-development activities at Eagle in 2017 and ramped up development of the open-pit, heap-leach pad and...
Victoria Gold Corp. Dec. 28 announced that it has raised C$1.68 million for further exploration on its Dublin Gulch gold property in the Yukon. Dublin Gulch is home to the Eagle Gold Mine project, an open-pit, heap-leach operation that is expected to produce an average of roughly 200,000 ounces of gold annually over a 10-year mine life from 116 million metric tons of reserves averaging 0.67 grams per metric ton (2.66 million oz) gold. Well past the midway point of the construc...
Victoria Gold Corp. Dec. 3 reported that its 2018 drill program has discovered another gold zone at Dublin Gulch, the expansive Yukon property that hosts the Eagle Gold Mine project. Victoria is currently developing an open-pit, heap-leach operation at Eagle Gold that is expected to average roughly 200,000 ounces of gold annually over a 10-year mine life from 116 million metric tons of reserves averaging 0.67 grams per metric ton (2.66 million oz) gold. The construction of...
New gold mines are expected to drive strong economic growth in Nunavut and Yukon over the next several years, according to the latest Territorial Outlook published by The Conference Board of Canada. The non-profit think tank focused primarily on researching and analyzing economic trends, however, forecasts a shrinking economy for Northwest Territories as the diamond sector there matures. Despite a tepid recovery for the mining sector as a whole, the new mines being developed...
Victoria Gold Corp. July 18 said that while construction crews develop the Eagle Gold Mine, exploration continues across the wider Dublin Gulch property in the Yukon. "While mine construction is Victoria's primary focus this year, the company does not intend to let the untapped mineral potential of the Dublin Gulch property remain untested," said Victoria Gold President and CEO John McConnell. The open-pit, heap-leach operation being developed at Eagle Gold is expected to...
Nighthawk Gold Corp. June 13 reported a 24 percent increase in the gold resource for the Colomac gold project at the company's Indin Lake property in Northwest Territories. Incorporating the results from 913 historical holes and 175 holes completed by Nighthawk from 2012 through 2017, Colomac now hosts 50.3 million metric tons of inferred resource averaging 1.62 grams per metric ton (2.61 million ounces) of gold. Located about 160 kilometers (100 miles) north of Yellowknife,...
Mining is expected to fuel strong economic growth in Nunavut and Yukon in the coming years, according to The Conference Board of Canada's latest Territorial Outlook. "With many new mining projects on the horizon in Nunavut and Yukon, growth is expected to take off over the next five years," said Marie-Christine Bernard, director, provincial and territorial forecasting, The Conference Board of Canada. The conference board's outlook for Northwest Territories, however, is not...
Constantine Metal Resources Ltd. May 1 said it intends to raise C$10 million through a non-brokered private placement that will include a major strategic investment from Electrum Strategic Opportunities Fund II L.P., an investment fund managed by The Electrum Group LLC. Altius Minerals Corp. and John Tognetti, a major shareholder and Constantine Metal insider, are also slated to participate in the financing. "We welcome the Electrum 'family' as a major shareholder, who we...
Victoria Gold Corp. April 16 announced that it received an initial C$174 million of a C$505 million financing package the company put together for the development of the Eagle Gold Mine project on its Dublin Gulch property in the Yukon. This financing package involves two credit facilities totaling US$175 million (roughly C$220 million); a private placement of Victoria common shares to two separate subscribers for a total of C$125 million; a C$98 million royalty financing;...
More than three dozen explorers chased lucrative mineral deposits in Yukon Territory in 2017 and most of these junior and senior companies returned to the northern jurisdiction this year to take another crack at hitting the jackpot. Known for its rich and storied gold mining history as well as its rugged mountain peaks, Yukon is roughly 15 percent larger than California, covering more than 482,000 square kilometers (186,272 square miles). Split off from the Northwest...
Since investing roughly US$70 million to acquire a 28 percent stake in Novagold Resources Inc. in 2009, American billionaire Thomas Kaplan and his Electrum Group of companies have taken a keen interest in some of the more intriguing mineral exploration companies and projects in Alaska and across Canada's North. Kaplan, an Oxford-educated historian that began investing in natural resources in the 1980s, knows that gold has served as a currency throughout mankind's written histo...
11 is a milestone year for Kinross Gold Corp. – 25 years as a growing force in the global gold mining sector. Over its first quarter-century, Kinross has grown exponentially, from producing 83,000 ounces of gold with 1.6 million oz of reserves in 1993 to a major expected to produce 2.5 million gold-equivalent-oz from 25.9 million oz of gold reserves in 2018. This dramatic expansion is largely due to Kinross' two-pronged exploration strategy – focusing its own efforts on high...
Australia-based White Rock Minerals Ltd. set its sights on Alaska's vast and underexplored mineral potential when it acquired Red Mountain, a zinc-rich volcanogenic massive sulfide project about 60 miles south of Fairbanks, in 2016. While the two main deposits at Red Mountain – Dry Creek and West Tundra Flats, or WTF – had more than 120 historical holes drilled into them when White Rock acquired the property, a deposit had not been defined to modern reporting standards unt...
Victoria Gold Corp. is transitioning from mining explorer to developer with its sights firmly locked on building Yukon Territory's next mine. Toward this goal, the company signed paperwork with Orion Mine Finance, Osisko Gold Royalties Ltd. and Caterpillar Financial Services Ltd. that pulls together a roughly C$505 million financing package – enough to complete development of the Eagle Gold Mine project on its Dublin Gulch property in Yukon. This financing package involves two...
