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Yukon.
Yukon gold is getting a lot of attention these days—and we’re not talking potatoes. Shawn Ryan’s White Gold discovery in 2003 has spurred a flurry of exploration activity that has presented extremely encouraging drill results. Copper, lead,...
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Independence Gold commences drilling on Boulevard, Yukon
Independence Gold has commenced a 1,500-metre diamond drilling program on its Boulevard Project in Yukon's White Gold District, following up on high-grade gold results from previous reverse circulation drilling. The program targets quartzite horizons with cross-cutting mineralized quartz veins, with previous holes returning up to 15.0 g/t Au over 3.1m.
Independence Gold commences 2017 Yukon Exploration Program
Independence Gold commenced its 2017 Yukon exploration program focusing on the Sunrise-Sunset Zone at the Boulevard Project, adjacent to Goldcorp's Coffee Project. The program includes 1,500 meters of diamond drilling to follow up on previous high-grade gold results including 4.36 g/t gold over 6.1m and 1.58 g/t gold over 39.6m. Regional exploration will include 4,000 soil samples across multiple properties to identify new targets.
Seeking paydirt: Rock Star Tim Termuende
Eagle Plains Resources Ltd., a Cranbrook-based prospect generator, celebrates 25 years in business with CEO Tim Termuende reflecting on the company's evolution and success. The company's Copper Canyon project north of Terrace developed into a major gold-copper resource that was sold for $65 million in 2011, providing significant returns to shareholders.
What’s underground? Take a look at the trees to find minerals in the bedrock
Darnley Bay Resources used innovative biogeochemical tree sampling instead of traditional soil sampling at their Clear Lake property in Yukon to identify mineral deposits beneath glacial till. The method showed strong zinc presence with moderate silver and barium, proving more effective than soil samples in areas where glacial deposits mask underlying geology. The company plans to conduct diamond drilling to confirm the results.
Bravura signs definitive property agreement with Golden Predator for gold project
Bravura Ventures has signed an option agreement with Golden Predator Mining to acquire up to 90% interest in the Grew Creek gold project in southeast Yukon. The property has seen over $4.7 million in exploration expenditures and 19,000 meters of drilling across 70 holes since 2010, with the Carlos zone showing 300m strike length of near-surface gold mineralization.
Goldcorp announces acquisition of Kaminak Gold Corporation in $520 million deal
Goldcorp announced a $520 million acquisition of Kaminak Gold Corporation to acquire the Coffee Gold project in Yukon. The deal values each Kaminak share at C$2.62, representing a 40% premium, and adds 3.0 million ounces of indicated gold resources to Goldcorp's development pipeline.
Mining still strong
Pierre Gratton, CEO of the Mining Association of Canada, addressed a chamber of commerce luncheon in Cranbrook, B.C., acknowledging current economic challenges while expressing optimism about the medium and long-term prospects for Canadian mining. He highlighted that mining accounts for 20% of Canadian exports and directly employs over 375,000 people, emphasizing the need for Canada to prepare for the next upswing through infrastructure improvements and streamlined processes.
Kaminak Gold Corporation announces positive feasibility study results on Yukon Coffee Gold Project
Kaminak Gold completed a positive feasibility study for its Coffee Gold Project in Yukon, showing a C$455 million NPV and 37% IRR with 10-year mine life producing 184,000 ounces annually. The company plans to begin permitting in 2016 with mine construction targeted for mid-2018, supported by $28 million in current financing.
Geothermal—Canada on the brink of sustainable energy?
The Canadian Geothermal Energy Association is working through Alberta's Energy Futures Lab to promote geothermal energy as a sustainable alternative to fossil fuels. The article highlights how skills from mining and oil extraction can be directly applied to geothermal projects, creating significantly more permanent jobs than natural gas production.
Kaminak announces new, Northern access road route to Coffee Project endorsed by First Nation
Kaminak Gold has selected a northern access route from Dawson City to its Coffee gold project in Yukon, requiring only 30 km of new construction out of 190 km total. The route has received strong support from the Tr'ondëk Hwëch'in First Nation and is expected to cost less than the previously estimated $35 million southern route.
Ulmer Contracting is the Canadian Ultimate Crew Finalist!
Ulmer Contracting has been selected as the sole Canadian finalist among 8 North American crews for Vermeer's Ultimate Horizontal Directional Drilling Crew contest. The winner will receive use of a new Vermeer D24x40 Series II drill for twelve months and other prizes following a skills competition at ICUEE 2015.
Geothermal: the next energy frontier?
The Canadian government announced $168,000 in R&D funding to investigate geothermal energy potential in Yukon Territory, working with CanGEA and Yukon Geological Survey. The Canadian Geothermal Energy Association estimates over 5,000 megawatts of geothermal potential nationally, which could create 8,500 operations jobs and 20,000 construction jobs.
New report stresses the importance of revenue sharing in resource development
The Macdonald-Laurier Institute released a report supporting resource revenue sharing with Indigenous communities, citing existing systems across Canada from Newfoundland to Yukon. The report argues that revenue sharing is a proven approach for securing Aboriginal support for well-planned natural resource projects.
Tony Beets: The King of the Klondike Who Built a Gold Mining Empire
Tony Beets, owner of Tamarack Inc., is targeting 6,500 ounces of gold worth over $33 million in Season 16 of Discovery Channel's Gold Rush. His company holds 337 placer claims in the Klondike region and operates large-scale dredging operations across multiple sites including Indian River and Paradise Hill.
Disappearing copper—Genomics could solve a mystery happening downstream
Casino Mining Corporation is partnering with Genome BC and Simon Fraser University on a $100,000 genomics research project to study natural copper reduction in Casino Creek near their proposed 22-year copper-gold mine in Yukon. The research aims to identify if local microbes are naturally removing copper from the water, which could lead to cost-effective environmental remediation solutions for the mining industry.
Unlikely miner becomes unexpected TV star
Ken Foy, an accidental gold miner turned TV star, discusses his experience on History Channel Canada's reality series 'Yukon Gold' which follows family-run placer gold mining operations in Dawson City. The show has brought increased regulatory scrutiny to Yukon mining operations and renewed public interest in gold mining, though Foy warns new entrants need deep pockets with minimum investments of $1 million.
George Ross, lured to the far north
George Ross was appointed as Yukon Territory's Deputy Minister of Energy, Mines, and Resources in October 2014 after 22 years with Ontario's Ministry of Natural Resources. Ross emphasizes the importance of geological surveys and regulatory frameworks to position Yukon as a leading mining investment destination when the commodity cycle recovers.
Perception study of Aboriginal Canadians reveals low opinion of Mining industry
PR Associates released the first national survey of Aboriginal Canadians' perceptions of the mining industry, revealing only 38% have a favorable view compared to 76-82% among general Canadians. The study aims to help mining companies improve community relations and gain social license, particularly following the 2014 Tsilquot'in Supreme Court decision on Aboriginal title.
Veris Gold Corp. works with Yukon Energy, Mines and Resources at Ketza River Property
Veris Gold Corp. is cooperating with Yukon Government to complete maintenance and remedial work at the Ketza River Project, including bridge maintenance and water diversion structure stabilization. The work will be funded from a $3.0 million security fund established by the Company for reclamation purposes.
Bitcoin exchange lists Yukon gold mine for sale
An unnamed Yukon gold mining company near Dawson City is being sold for $2 million or 3,000 BTC on bitcoin marketplace BitPremier. The profitable operation produces $1 million annually in sales with potential for 3,000-4,000 ounces per year and includes $1 million in equipment.
Energy News: Contract awarded for Yukon-Alaska economic corridor feasibility study
The governments of Yukon and Alaska have awarded a $250,000 contract to assess the feasibility of developing electrical transmission and telecommunications connections between Whitehorse and Skagway. A consortium led by Morrison Hershfield Limited will examine the technical, financial, and economic viability of creating an economic corridor that could stimulate private sector growth in both jurisdictions.
Lighter-than-air helium airships can ship heavy cargo to remote areas
Worldwide Aeros Corp. is developing the Aeroscraft ML866, a helium airship capable of transporting 66 tons of cargo to remote mining locations without infrastructure requirements. The company plans to build a fleet of 20 vehicles by 2016, targeting mining and military industries with significant cargo needs and infrastructure limitations.
Veris Gold Corp. appoints Restructuring Special Committee
Veris Gold Corp. has appointed a Restructuring Special Committee and retained Raymond James as investment banking advisor to explore strategic alternatives following a mill fire at their Jerritt Canyon Mine in Nevada that caused production shutdown and debt default with Deutsche Bank. The company is seeking refinancing and restructuring options to address the financial difficulties caused by the December 2013 incident.
Yukon site could be the world’s largest undeveloped zinc deposit
Selwyn Chihong Mining announced a $56 million investment for 2014 to advance the Selwyn Project in eastern Yukon, potentially the world's largest undeveloped zinc-lead deposit. The company has scaled up plans from a 3,500 tonnes-per-day underground operation to a 25,000 tonnes-per-day open-pit mine, with construction costs estimated at $1.8 billion.