The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Precious stone mines saw some shuffling in Canada's North with Burgundy Diamond Mines Ltd.'s acquisition of the Ekati diamond mine. Already a 40% partner with North Arrow Minerals Inc. at the Naujaat diamond project in Nunavut, Burgundy closed its buyout of Arctic Canadian Diamond Company Ltd. on July 4, which gave the Australian diamond company full ownership of the world-class Ekati Mine and significantly elevating its efforts to deliver high-end cut and polished diamonds...
Armed with new leadership and a plan to rapidly explore and develop its lithium prospects in Canada, Li-FT Power Ltd., set out in late 2022 on a bold quest to confirm historical prospects of lithium near the capital of Northwest Territories. While aggressive, the move was far from lacking precedent. Yellowknife, after all, has a history of delivering mineral riches, most notably upwards of 12 million ounces of gold from the legendary Con and Giant mines throughout much of the...
Reaching the next milestone in mineral exploration, Nighthawk Gold Corp. ushered in 2023 with a preliminary economic assessment for its Colomac gold project in Northwest Territories. With the study indicating strong economics for the proposed mine, 2023 exploration was just the cherry on top for this great success. "The results of our PEA demonstrate that the Colomac gold project has the potential to be a phenomenal asset, and the PEA is a monumental milestone for our company,...
While the year may have started out riding the success of its massive 2022 bulk sample at a diamond project in Nunavut, North Arrow Minerals Inc. transition in 2023 into the field of lithium exploration, and the gambit paid off. Right away, the company began its lithium discovery with the purchase of the DeStaffany lithium-tantalum-niobium project from Panarc Resources Ltd., located on the north shores of Great Slave Lake and about 115 kilometers (70 miles) east of Northwest...
With a summer marred by unprecedented wildfires behind them, companies exploring the mineral-rich Northwest Territories are reporting impressive results from their 2023 programs. Seeking new deposits of valuable minerals, ranging from ever-popular diamonds and precious metals to recently designated "critical minerals," such as lithium, rare earth elements and zinc, a score of explorers took to the field across the territory. "An exciting new chapter is emerging for mining in t...
Reorganizing under a new joint venture with a London-based private equity group, Osisko Metals Inc. now has the funds to advance the historic Pine Point zinc-lead mine project in Northwest Territories to "shovel-ready" status. Located just south of the Great Slave Lake, Pine Point is home to a former mine operated by Teck Resources Ltd. that produced roughly 14 billion pounds of zinc and 4 billion lb of lead from around 64 million metric tons of ore during a 24-year span...
