The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 25 of 55
PolarX Ltd. has put together an 85,750-acre (347 square miles) land package just off Alaska's road system that already hosts deposits rich in copper and gold yet remains vastly under-explored. This 22-mile- (35 kilometers) long property, known as Alaska Range, is made up of two adjacent projects – Stellar and Caribou Dome – the Australia-based exploration company brought together in 2017. Stellar, currently the primary focus of PolarX's exploration, already boasts 90.4 mil... Full story
Long sections of high-grade gold and silver at the Saddle South discovery on GT Gold Corp.'s Tatogga property at the northern tip of British Columbia's Golden Triangle catapulted this newly formed exploration company into the spotlight in 2017. With intercepts such as seven meters of 51.53 g/t gold and 117.38 g/t silver; 12.2 meters of 14.75 g/t gold; 3.4 meters of 48.85 g/t gold; 8.3 meters of 20.02 g/t gold; and three meters averaging 31.79 g/t gold and 1,141 g/t silver, it... Full story
It's been nearly 10 years since Sabina Gold and Silver Corp. began exploring the Back River property in western Nunavut. But the decade-long pursuit of gold in this remote stretch of the Canadian territory could pay off big for the junior as the project enters the final stages of development Back River is one of several advanced projects being propelled toward first gold in Nunavut, but its relative isolation from infrastructure and historic gold mining makes it unique among p... Full story
Goldstrike Resources Ltd. might be feeling lucky, but that doesn't mean the Canadian gold explorer is easing up in its aggressive push into Yukon Territory. Instead of kicking back and reveling in the C$53 million payday from Newmont Mining Corp., its new partner in exploring the highly prospective Plateau gold property in central Yukon, Goldstrike's management team immediately began positioning the organization to deliver what could become the next big gold discovery in the... Full story
Having resumed drilling following spring break-up, Osisko Metals Ltd. is carrying out one of the largest base metals exploration programs under way in Canada this year at its Pine Point zinc-lead project, a former zinc and lead producing mining camp located near Hay River, NWT and about 200 kilometers (124 miles) to the south of Yellowknife across Great Slave Lake. The objective of Osisko's 50,000-meter drill program in 2018 is to convert 50 million metric tons of... Full story
Skeena Resources Ltd. has assembled an impressive portfolio of precious and base metals properties in British Columbia's Golden Triangle. This year the company focused its exploration primarily on expanding the high-grade gold at Snip and Eskay Creek, two past-producing mines acquired from Barrick Gold Corp. Operated by Barrick in the 1990s, the historic underground mine at Snip produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per... Full story
The Washington Companies, a group of privately held North American mining, industrial and transportation businesses founded by industrialist and entrepreneur Dennis Washington, acquired Dominion Diamond Corp. in a deal worth US$1.2 billion. "We look forward to owning and operating Dominion for decades to come, with a focus on maintaining safe and prosperous business operations in the Northwest Territories," said Washington. When the deal closed, Patrick Evans, who previously... Full story
A roughly 25,000-meter drill program carried out by Dolly Varden Silver Corp. in 2018 focused on expanding and defining the deposits of high-grade silver at its Dolly Varden project in northern British Columbia. The deposits identified on this property exhibit both Eskay-like volcanogenic massive sulfide and Brucejack-like epithermal mineralization styles. In 2015, Dolly Varden published a maiden indicated resource of 3.07 million metric tons averaging 321.6 grams per metric... Full story
Agnico Eagle Mines Ltd. reported substantial progress this year at its Amaruq and Meliadine gold mine development projects in Nunavut that are expected to boost the company's annual gold production to 2 million ounces by 2020. Meadowbank, currently the company's only operating mine in Nunavut, began production in 2010 and is now nearing the end of its gold reserves. The mill and other facilities there, however, will continue operations thanks to Amaruq, a satellite deposit... Full story
Millrock Resources Inc. is a project generating mineral exploration company with five projects in Alaska, three in British Columbia (transferred to Sojourn Exploration Inc.), 16 in Mexico and one in New Mexico. Alaska Range, a property that hosts a copper-gold-silver skarn deposit and is highly prospective for copper-gold porphyries, is the most active project in Millrock's portfolio this year. In 2017, Millrock sold its Stellar copper-gold-silver project to Australia-based... Full story
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... Full story
Continuing its founding strategy of building ounces of gold in the ground per share on the market, Seabridge Gold Corp. had drills turning this year at its projects in British Columbia, Northwest Territories and Nevada. With 45.3 million ounces of gold, 10.2 billion pounds of copper, 183 million oz of silver and 207 million lb of molybdenum in reserves at its KSM and Courageous Lake projects, plus much more gold and other metals in resource categories across its portfolio, Sea... Full story
TerraX Minerals Inc. has set its sights on unlocking a multimillion-ounce gold district at the Yellowknife City Gold Project, a 772-square kilometer (298 square miles) property north, south and east of the capital of Northwest Territories. Blanketing the same geological trend that hosts the historic Con and Giant mines, which produced a combined 14.2 million oz of gold, the three properties that make up the YCGP – Northbelt, Southbelt and Eastbelt – cover a region known for yi... Full story
Canada Zinc Metals Corp. changed its name to ZincX Resources Corp. in May, part of a rebranding initiative to highlight and distinguish the explorer in the expanding junior zinc space. ZincX owns zinc-lead-silver properties that blanket 79,870 hectares (197,359 acres) of the Kechika SEDEX (sedimentary exhalative) belt in northeastern British Columbia. The rebranded company has divided this land package into two projects – Akie, which hosts the Cardiac Creek deposit, and the K... Full story
Kutcho Copper Corp. entered British Columbia's minerals exploration scene in 2017 and is already considering the feasibility of developing a mine in the province's northern reaches. Under its former name, Desert Star Resources, this new B.C. explorer cut a deal last June to acquire the high-grade Kutcho copper-zinc-silver-gold project from Capstone Mining Corp. Located about 100 kilometers (60 miles) east of Dease Lake, the Kutcho property hosts three known Kuroko-type... Full story
IDM Mining Ltd. is focused on developing British Columbia's next underground gold mine at the company's Red Mountain project a few miles east of Stewart. A feasibility study completed in 2017 outlines plans for a 1,000-metric-ton-per-day mill to process high-grade ore from the Red Mountain underground mine that is expected to average roughly 78,000 ounces of gold per year over an initial six-year mine-life. This operation is based on 1.95 million metric tons of reserves,... Full story
Teck Resources Ltd. is investing roughly US$110 million on mill upgrades at its Red Dog Mine that will help ensure strong zinc production from this Northwest Alaska zinc operation until at least 2031. This current life expectancy for Red Dog is based on 57.6 million metric tons of reserves averaging 13.6 percent (13.9 billion pounds) zinc and 3.9 percent (2.5 billion lb) lead. Aktigiruq, a large and high-grade zinc target roughly five miles northwest of the current... Full story
Aben Resources Ltd. is discovering exciting zones of gold-silver-copper mineralization at Forrest Kerr, a large land package that covers a 49-kilometer- (30 miles) long stretch of northern British Columbia's Golden Triangle. A drill program that got underway in June initially focus on the expansion of high-grade precious metal mineralization discovered at the Boundary North zone last summer. One such hole, FK17-04, cut 10 meters of 6.7 grams per metric ton gold, 6.4 g/t... Full story
Reaching commercial production at Brucejack in mid-2017, Pretium Resources Inc. focused this year's work on accelerated underground development and exploration at this bonanza grade underground gold mine. Pretium achieved commercial production at Brucejack in mid-2017, and the operation produced 228,173 ounces of gold during the first nine months of operation. While the mill outperformed its 2,700-metric-ton-per-day capacity, the gold grades being fed into it were lower than... Full story
A combination of exploration and acquisition substantially boosted Coeur Mining Inc.'s precious metals reserves and resources in 2018. The Chicago-based miner entered the year with 335.8 million silver-equivalent ounces in proven and probable reserves, a 10 percent increase from the beginning of 2017. The silver-equivalent reserves accounts for the value of both the silver and gold at its five operating mines – Palmarejo (Mexico), Rochester (Nevada), Kensington (Alaska), W... Full story
Nighthawk Gold Corp. focused its 2018 drill program on expanding a substantial gold resource and investigating the district-scale potential of its 222,203-acre Indin Lake gold property in Northwest Territories. Located roughly 200 kilometers (125 miles) north of Yellowknife, Indin Lake hosts numerous gold deposits, including the historical Colomac open-pit mine, which produced 527,908 ounces of gold during the 1990s. Colomac hosts 50.3 million metric tons of inferred resource... Full story
Peak Gold, a joint venture between Contango ORE Inc. (60 percent) and Royal Gold Inc. (40 percent), is beginning to investigate the economics of mining the gold-rich Peak and North Peak skarn deposits that it has outlined at Peak Gold (formerly Tetlin), an extensive land package near the crossroads town of Tok in Alaska's Eastern Interior. The 2018 program also includes exploring for new skarn deposits near the Peak deposits, as well as evaluating the potential for porphyry... Full story
Auryn Resources Inc. is a technically driven mineral exploration company focused on delivering shareholder value through acquisition and discovery. The company's portfolio includes the Committee Bay and Gibson MacQuoid gold projects in Nunavut; high-grade Homestake Ridge gold-silver property in British Columbia's Golden Triangle; and a portfolio of gold, copper and silver projects in Peru. Auryn closed a US$9.8 million financing in March and another C$7.3 million flow-through... Full story
Ascot Resources Ltd. brought on a new chairman, president and CEO, and chief operating officer towards the end of 2017. With this new leadership came a new vision for resuming operations on its Premier-Dilworth property at the southern tip of British Columbia's Golden Triangle. This 100-square-kilometer (39 square miles) land package still has infrastructure from the Premier Mine – a past-producer of 2.1 million ounces of gold and 44.9 million oz silver – including mill, ass... Full story
Thanks to its ongoing exploration success, Hecla Mining Company entered 2018 with the highest silver, gold and lead reserves in its 127-year history, as well as the highest level of zinc reserves in the past five years. Going into 2018, the Idaho-based miner had reserves totaling 2.3 million ounces of gold, up 12 percent from the beginning of 2017; 177 million oz of silver, an increase of 3 percent; 737,290 tons of zinc, an 8 percent increase; and 840,870 tons of zinc, up 15... Full story
