Coronation Minerals Inc. announces that due to current market conditions the Company is not proceeding with the acquisition of the Wellgreen Project from Northern Platinum.
The Company is maintaining the 100% owned Rory Claim consisting of 265 staked claims located contiguous and south of the Wellgreen leased ground. This group encompassed an airborne magnetic survey and [...]
Alexco Resource Corp. announce that it has entered into a silver purchase agreement with Silver Wheaton Corp. under which Silver Wheaton will purchase 25% of the life of mine silver produced by Alexco from its Keno Hill Silver District in Canada’s Yukon Territory. The agreement anticipates that the initial silver deliveries will come from the [...]
Underworld Resources Inc. announce a second discovery on its 100% owned White Gold property in the Yukon Territory. Drill hole WD-014 at the Arc anomaly intersected 1.18 g/t Au over 28.5 meters from 6 meters including 3.36 g/t Au over 7.5 meters from 18 meters.
In addition, further drilling at the Golden Saddle zone, hole WD-016 [...]
Yukon-Nevada Gold Corp. announces the consideration of various plans to maximize the short term and long term value of its investment in the Jerritt Canyon Mine, Nevada in light of current economic difficulties.
The ongoing negative cash flow situation at Jerritt Canyon required immediate action and the decision was made to suspend underground mining on August [...]
Pacific Coast Nickel Corp. announce that drilling has commenced on the Burwash Yukon project.
The Burwash property hosts nickel-copper-platinum group element (PGE) mineralization related to intrusions of the Late Triassic Kluane Mafic-Ultramafic Suite that were emplaced during a period of uplift and extension related to widespread basaltic volcanism. The property overlies the east half of the [...]
Yankee Hat Minerals Ltd. announce that it has entered into two option agreements to acquire 100% interest in the Achtung Tungsten Project located in northwestern British Columbia and the Birdtung Tungsten-Tin Project located in southern Yukon Territory. With these latest acquisitions, Yankee Hat now has eight tungsten projects at varying stages of development and one [...]
Zinccorp Resources Inc. announce that drilling is progressing well at its wholly owned Michelle property in central Yukon and that the property has again been enlarged in response to new discoveries made by its crews.
Initial drill results are very encouraging and a second drill has just been moved to the property. The first drill is [...]
Yukon-Nevada Gold Corp. announces its termination of Investec’s mandate to arrange and underwrite financing for mine expansion at the Jerritt Canyon Project, Nevada.
In the face of continuing operating cost pressure in the mining industry worldwide Yukon-Nevada Gold Corp. has decided to suspend its underground operations at its Jerritt Canyon mines and focus solely on operating [...]
Yankee Hat Minerals Ltd. announce that it has entered into a Joint Exploration Agreement with a major Japanese government entity, the Japan Oil, Gas and Metals National Corporation (”JOGMEC”), to conduct regional tungsten exploration and project generation in the south eastern quarter of the Yukon Territory and neighbouring Northwest Territories.
The exploration will concentrate on the [...]
Yukon-Nevada Gold Corp. is pleased to announce that it has engaged the Commodities and Resource Finance Division of Investec Bank (UK) Limited (”Investec”) to arrange project finance and hedging facilities for the expansion of the Company’s Jerritt Canyon Mine in Nevada.
The facilities are comprised of a term loan of US$40 million and a partial gold [...]
