The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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"Due to significant backlogs at assay labs, the results from this program are pending" is the theme for the 2021 mineral exploration season across Alaska and Canada's North. The turnaround times for assay results descended from long during the first half of the year to ad absurdum during the latter half. Backlogs at assay labs are nothing new for mineral explorers in the North of 60 Mining News coverage area. In fact, the ability to completely overwhelm the sample prep... Full story
The Association for Mineral Exploration will recognize 11 leaders who have made significant contributions to the mineral exploration and development industry during the AME Roundup 2022. "The AME Celebration of Excellence Awards recognize the achievements of individuals who contribute to successfully finding, funding and building safe and responsible mineral exploration and development projects," explained AME Chair Jill Tsolinas. The 2021 Celebration of Excellence Awards...
Victoria Gold Corp. sees outsized benefits from a relatively small investment into Project 250, a strategy to increase production at its Eagle Gold Mine in the Yukon to 250,000 ounces during 2023. "Project 250 represents a significant near-term, low-cost opportunity to increase annual gold production at Eagle," said Victoria Gold President and CEO John McConnell. A scoping study completed by Victoria details plans to incorporate an intermediate scalping screen that will...
Assays are pending, the unofficial slogan of the 2021 mineral exploration season across Alaska and Canada's North, is a phrase that continues to echo in a void left by the lack of drill results going into the new year. "'Assays pending' has become one of the least popular phrases around the industry this year, given the painfully slow turnaround time at the labs," Tectonic Metals Inc. President and CEO Tony Reda penned in a year-end update on the Vancouver, British Columbia-ba...
Mining exploration and production activity soared in Yukon Territory in 2021 thanks to high metals prices, pro-industry government policies, and mounting successes in the field. Bouncing back from some of the most challenging working conditions in modern history due to the COVID-19 pandemic, placer and hardrock miners stepped up the pace of their activities, posting record production numbers and promising exploration results. With the rollout of COVID vaccines and the prospect... Full story
With the goal of expanding the resource at AurMac to more than 3 million ounces of gold, Banyan Gold Corp.'s 2021 exploration consisted of a large and systematic step-out drill program at the Powerline deposit on this property about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Gold Mine. Since its maiden resource estimate in 2020, Banyan determined that AurMac hosts 52.6 million metric tons of inferred resource averaging 0.54 grams per metric ton (903,945 oz)... Full story
Continuing to expand upon the intriguing trenching and drilling over the previous three seasons, Victoria Gold Corp. carried out C$12.5 million of exploration at Dublin Gulch during 2021, "one of the largest programs in company history," Victoria Gold President and CEO John McConnell said in November. This included deep drilling below current reserves and resources being mined from the Eagle deposit at Dublin Gulch. According to a late 2019 calculation, Eagle hosted 148 millio... Full story
Kicking off the new year, Banyan Gold Corp. Jan. 11 released the analytical results from the next five diamond drill holes drilled during the 2021 exploration campaign at the rapidly developing Powerline deposit on the company's AurMac gold property in the Yukon. In light of the massive delays that has developed for assays, for Banyan to receive these results so early in the year certainly spells a good start to 2022. Located about 40 kilometers (25 miles) south of Victoria...
Victoria Gold Corp. Dec. 16 reported that the global supply chain disruptions have slowed supplies in and gold out of its Eagle Gold Mine in the Yukon. "Like many companies, we are experiencing pressure on our supply chain," said Victoria Gold President and CEO John McConnell. "We continue to work with all of our suppliers very closely to avoid such disruptions as COVID related challenges persist." For Victoria, the gnarled supply chain resulted in a five-week delay for the...
Victoria Gold Corp. Oct. 12 reported a record-setting quarter on several fronts at its Eagle Mine in the Yukon, including the ounces of gold recovered. The recently established open pit mine and heap leach recovery operation at Eagle produced 55,827 oz of gold during the third quarter, roughly 58% higher than the same period of 2020 and nearly matching the 58,899 oz produced during the entire first half of this year. Records are made to be broken, and Victoria does not see the...
Banyan Gold Corp. Nov. 9 reported its third-quarter exploration update for its AurMac project in the Yukon, expanding the program to three drills working onsite and culminating in approximately 25,000 meters in more than 120 diamond drill holes this year, with more to come. Since February, the two phases of 2021 drilling at AurMac have quickly approached the targeted 30,000 meters planned for this gold exploration property about 40 kilometers (25 miles) south of Victoria Gold...
Rockhaven Resources Ltd. Nov. 3 reported the successful completion of a 72-hole diamond drill program at its road-accessible Klaza gold-silver project in the Dawson Range Gold Belt of southern Yukon. Originally slated to be 12,000 meters, the 2021 program at Klaza was expanded to 14,256 meters of drilling that included 11 resource expansions, 31 resource upgrades, and 30 exploration holes. A 2020 preliminary economic assessment outlines plans for a mine at Klaza that would...
Building upon a strong relationship it has made with Doyon Ltd., Tectonic Metals Inc. has entered into an agreement to lease the Flat gold project owned by the Alaska Native Claims Settlement Act regional corporation. Located about 25 miles north of the Donlin Gold project being advanced under a joint venture between Barrick Gold Corp. and Novagold Resources Inc., the 92,160-acre Flat property hosts intrusive-hosted, sheeted quartz vein gold mineralization similar to that...
Victoria Gold Corp. Sept. 15 announced that it has been included in the Toronto Stock Exchange's 2021 TSX30, a flagship program recognizing the 30 top-performing TSX stocks over a three-year period based on dividend-adjusted share price appreciation. Trading under the TSX ticker symbol VGCX, Victoria shares have risen 251% over the 3-year span considered for inclusion in the 2021 TSX30, ranking the Yukon gold miner thirteenth on the list. "On behalf of the company, I am very... Full story
Banyan Gold Corp. Aug. 23 reported assay results for the next five drill holes at Powerline, returning more strong results and further demonstrating the size potential of this gold deposit on the company's AurMac property in Yukon, Canada. Located about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Gold Mine, AurMac hosts 52.58 million metric tons of inferred resource averaging 0.54 grams per metric ton (903,945 oz) gold in two deposits – Powerline and A...
Victoria Gold Corp.'s Eagle Gold Mine produced 20,744 ounces of gold in August, a month record for Yukon's largest mine. The recently established open pit mine and heap leach recovery operation at Eagle produced 58,899 oz of gold over the first six months of 2021. While this is a 51% increase over the same period in 2020, it was well below the pace needed to achieve the roughly 200,000 oz/year production envisioned. Gold recoveries at heap leach systems in northern climates,... Full story
Strategic Metals Ltd. Aug. 6 announced significant tin mineralization in samples collected at its Oli and Bix critical mineral projects in the prolific Tombstone-McQuesten mineral belt of central Yukon. Hardrock deposits in the Tombstone-McQuesten belt include Alexco Resource Corp.'s Keno Hill silver-lead-zinc mines; Victoria Gold Corp.'s Eagle gold mine and Mar tungsten deposit; Banyan Gold Corp.'s AurMac gold deposit; and Golden Predator Mining Corp.'s Brewery Creek gold...
Victoria Gold Corp. July 12 reported that its Eagle Mine in the Yukon produced 32,140 ounces of gold during the second quarter of 2021. As a result, the recently established open pit mine and heap leach recovery operation produced 58,899 during the first half of this year, a 51% increase over the same period in 2020. Gold production at heap leach operations such as Eagle lags behind mining, crushing, and ore stacking. Additionally, gold recoveries at heap leach systems in...
Banyan Gold Corp. June 21 reported that assay results from an additional five holes drilled this year at its AurMac property in the Yukon have identified particularly strong gold mineralization to the east of the company's Powerline deposit. Located about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Gold Mine, AurMac hosts 52.58 million metric tons of inferred resource averaging 0.54 grams per metric ton (903,945 oz) gold in two deposits – Powerline and A...
Victoria Gold Corp. May 25 announced that an expanded 2021 exploration program that includes 15,000 meters of drilling focused on establishing a maiden resource at the Raven gold target is now underway at the company's Dublin Gulch property in the Yukon. "Victoria is excited to begin the 2021 exploration program at Raven," said Victoria Gold President and CEO John McConnell. Located about 13 kilometers (eight miles) east of Victoria's Eagle Mine, Raven is a large,...
The ultimate goal for most junior exploration companies is to discover and advance a mineral deposit to the point that it is large and rich enough to attract the attention of a major mining company to swoop in and nab a stake through an investment in the project or even an outright buyout of the junior. Sometimes, if the global market conditions are right and the project shows enough promise, majors will invest in a project long before an economically viable mining project... Full story
Banyan Gold Corp. June 14 announced the start of an initial phase of 2021 drilling at the Aurex Hill target on its AurMac gold project about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Mine in the Yukon. AurMac hosts 52.58 million metric tons of inferred resource averaging 0.54 grams per metric ton (903,945 oz) gold in two deposits – Powerline and Airstrip. Aurex Hill is an intriguing resource expansion target that lies about 1,200 meters east of Powerline. "...
Coeur Mining Inc. is investing roughly US$117.2 million (C$141.7 million) to acquire a 17.8% interest in Victoria Gold Corp. and its Eagle Gold Mine in Canada's Yukon – a foothold that could see the Chicago-based miner gaining a much larger position in a northern gold mine it has been keeping an eye on. "We have long admired the quality of Victoria's Eagle asset and its recent success in ramping up operations," said Coeur Mining President and CEO Mitchell Krebs. Victoria t...
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...
Banyan Gold Corp. May 18 reported assay results from five holes that are continuing to outline consistent zones of gold mineralization in expansion targets at the Powerline deposit on the AurMac project about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Mine in the Yukon. AurMac hosts 52.58 million metric tons of inferred resource averaging 0.54 grams per metric ton (903,945 oz) gold in two deposits – Powerline and Airstrip. Airstrip hosts 46 million metric t...
