North of 60 Mining News - The mining newspaper for Alaska and Canada's North

SpectrumDNA Inc. Feb. 4 reported the signing of a non-binding letter of intent to acquire full ownership of Cannon Resources, a placer gold mining operation located on 173 State of Alaska mining claims in the Bonnifield Mining District, roughly 50 air miles south of Fairbanks.

According to SpectrumDNA, Cannon has produced 12,479 troy ounces of gold at costs ranging from $450-$670 an ounce sinc...