North of 60 NationTalk

Whitehorse RCMP Heart Garden dedication

August 12, 2022

On August 8, 2022, Whitehorse RCMP held the dedication of the fourth Heart Garden at the Whitehorse Detachment and Yukon RCMP Headquarters in Whitehorse, YT. The 2022 Garden was dedicated by the RCMP to the citizens of Kwanlin Dün First Nation (KDFN) and Ta’an Kwächän Council (TKC), and signifies the growing relationships that Whitehorse RCMP are grateful for and humbled by.

The first Heart Garden in Whitehorse was planted in 2019, in honour of all residential school survivors and their families. On June 3, 2022, representatives from Kwanlin Dün First Nation and Ta’an Kwächän Council joined RCMP employees to plant the current garden, which had been collaborated and planned in early spring. The orange marigolds were chosen to represent the children who were sent to residential schools, as well as the individuals, families, and communities forever changed by these experiences. The dedication ceremony was attended by Deputy Chief Jessie Dawson of Kwanlin Dün First Nation and citizens; Chief Amanda Leas of Ta’an Kwächän Council and citizens, including Councillor Diane Graham and Debbie Burns; Grand Chief Peter Johnson of the Council of Yukon First Nations; Minister Nils Clark of Government of Yukon and Mayor Laura Cabott, City of Whitehorse.

Inspector Lindsay Ellis, Detachment Commander for Whitehorse RCMP Detachment, notes that the relationship between RCMP and First Nations communities is based on action.

“We are committed to supporting self-determination, and supporting safe and healthy First Nations communities in Whitehorse and the Yukon,” says Insp. Ellis. “With communities opening up again, there is lot of positive movement led by KDFN and TKC for safety for citizens and the community, and the RCMP are honoured to be included in many of these activities, allowing for new opportunities to learn and gain new perspective.”

Just like a garden, reconciliation requires attention, commitment, and dedication for relationships to continue to flourish.

–30–

Contact information

Cst. C. McCann
Whitehorse RCMP
4100 4th Avenue, Whitehorse, YT

NT5

Direct flights between Sanikiluaq and Iqaluit available until January 2023 – Nunatsiaq News

Aug 12, 2022

Government of Nunavut studying viability of route to determine if it should be permanent

People can continue booking direct flights between Sanikiluaq and Iqaluit until at least January 2023.

The Government of Nunavut is extending a program that provides direct flights between the two communities in order to collect more data, a GN spokesperson said Thursday in an email to Nunatsiaq News.

“This extension is to ensure the data collected is reflective of anticipated passenger volumes and takes into consideration the impact of COVID-19 travel on the data,” said Chelsea Halvorson, acting communications director for executive and intergovernmental affairs.

Read More: https://nunatsiaq.com/stories/article/direct-flights-between-sanikiluaq-and-iqaluit-available-until-january-2023/

Government of Canada supports Inuit led stewardship efforts in Taloyoak, Nunavut

From: Fisheries and Oceans Canada

News release

August 12, 2022

Iqaluit, Nunavut – Oceans are vital to the livelihoods of communities across Canada.  The Government of Canada has made tremendous strides in protecting our oceans by working in collaboration with Indigenous partners, provinces, territories, industry and other marine stakeholders. Since 2015, Canada has progressed from less than one percent to over 14 percent protection of its marine and coastal areas.

Today, in Iqaluit, Nunavut, the Minister of Fisheries, Oceans and the Canadian Coast Guard, the Honourable Joyce Murray, announced $3.53 million in funding over three years for the Spence Bay Hunters and Trappers Association, located in the community of Taloyoak, Nunavut. This funding is provided by Fisheries and Oceans Canada’s Oceans Management Contribution Program, and will help develop capacity for Inuit-led ecological monitoring and knowledge gathering of the marine environment. It will also provide employment opportunities through the creation of a marine stewardship program for Aviqtuuq, an Inuit-identified priority area near the community on the Boothia Peninsula.

This Inuit-led marine stewardship program will focus on creating economic development opportunities that also protect the vital ocean and freshwater environments, such as sustainable harvests, small-scale fisheries, outfitting camps and tourism. Stewardship is considered key to the long-term conservation of these traditional lands, which aligns with Canada’s goal of increasing marine protection while providing jobs for present and future generations of Indigenous people through co-management.

Supporting Inuit organizations as they develop knowledge and grow capacity to manage local marine and coastal areas is a key priority for the Government of Canada. By continuing to work in partnership with Indigenous, provincial and territorial governments on marine conservation, we’re better investing in an effective, nature-based solution that will help stem the tide of global biodiversity loss and mitigate the impacts of climate change.

This announcement was made on the final day of Minister Murray’s tour of the Arctic Region.  During this tour the Minister met with Indigenous organizations and other co-management partners and with DFO and Coast Guard staff in Yellowknife, Inuvik, Iqaluit and Rankin Inlet where she highlighted new funding under Canada’s Oceans Protection Plan for the Canadian Coast Guard and the Canadian Hydrographic Service.

Additional multimedia

The Honourable Joyce Murray, Minister of Fisheries, Oceans and the Canadian Coast Guard visited Iqaluit, Nunavut to announce funding for a new marine stewardship initiative in the Arctic. Based in the community of Taloyoak, the Spence Bay Hunters and Trappers Association will focus on the Aviqtuuq area (the Boothia Peninsula.) Minister Murray was joined for the announcement by Jimmy Ullikatalik, manager of the Spence Bay HTA.

Quotes

“The Inuit were the first stewards of the Arctic, and Inuit leadership is critical to protecting Northern waters today. This contribution agreement will help support members of the Taloyoak community in further growing their knowledge and capacity so that they may continue to conserve and manage their local waters. Through partnerships with Indigenous communities across Canada can protect the ocean and coastal ecosystems, reduce the impacts of climate change, while building a strong and sustainable blue economy.”

The Honourable Joyce Murray, Minister of Fisheries, Oceans and the Canadian Coast Guard

“Our government recognizes that the active involvement of Inuit is essential to protect the health of our oceans. This initiative led by the Spence Bay Hunters and Trappers Association will help increase Inuit capacity for conservation of the Arctic ocean while creating jobs in Inuit communities. Inuit leadership and knowledge is an essential component to the sustainable stewardship of our Arctic marine environments.”

The Honourable Daniel Vandal, Minister of Northern Affairs

“It’s a beautiful land, there’s a lot of wildlife. For it to be protected from mining and oil and gas exploration, that’s our main goal. We want our next generation, and the generations that are coming, to experience what we experienced as hunters. The marine guardian program will help us gather information to get a management plan together to keep the wildlife safe and environment clean. We want to create jobs for the future, and for Canada to come and see Aviqtuuq in its natural state.”

Jimmy Oleekatalik, Spence Bay Hunters and Trappers Association Manager and Aviqtuuq Inuit Protected and Conserved Area Project Manager

“The marine guardians announcement made me smile. In the past, money was always tight for the HTA, so I’m very happy that funding is available for marine protection. We need people to look out for what’s happening around the shores of Boothia Peninsula — anything unusual happening shipping-wise, are we getting different types of whales coming in. We’d like to learn more so that we can protect and, at the same time, harvest marine mammals. It helps our goal to go ahead with the Aviqtuuq (IPCA) project, so we can look after our land and animals and make more country food available for our community.”

Joe Ashevak, Spence Bay Hunters and Trappers Association Chairperson

“With the Aviqtuuq project, we want control over the resources that are available. I know we’re going to be hiring more guardians and doing more harvesting on marine mammal in this area, so it could be more income for the people that don’t have jobs. I’m very thankful for that. Our goal is to make it better for our community members, to enjoy the land the way it is and to enjoy the wildlife we have and protect it for future generations.”

George Aklah, Spence Bay Hunters and Trappers Association Vice Chairperson

“We are pleased with the efforts to provide opportunities for Inuit to care for their communities and environment, as this aligns with the Inuit societal value of Avatittinnik Kamatsiarniq, respect and care for the land, animals, and environment. The Government of Nunavut acknowledges capacity-building initiatives of communities, and we are excited to see Inuit lead in the collection of ecological knowledge that will inform future decisions in Taloyoak and the Boothia Peninsula.”

The Honourable David Akeeagok, Nunavut Minister of Environment

Quick facts

  • Taloyoak, Nunavut, is the most northern community on Canada’s mainland.
  • Aviqtuuq includes 40,730 square kilometres of ocean, 4,413 square kilometres of freshwater, 20,532 kilometres of rivers and 45,039 square kilometres of land.
  • The region provides important summer habitat for iconic marine species including narwhal, beluga, bowhead whales. It also provides important denning and winter habitat for polar bear, calving grounds for the Ahiak caribou herd, a migration corridor for Peary caribou as well as muskox habitat. The many freshwater lakes and rivers in the area are fed by the surrounding marine waters, which are full of Arctic char.

Associated links

Contacts

Kevin Lemkay
Director of Communications
Office of the Minister of Fisheries, Oceans and the Canadian Coast Guard
613-992-3474
[email protected]

Media Relations
Fisheries and Oceans Canada
613-990-7537
[email protected]

NT5

Agnico Eagle Provides an Update on Year-to-Date Exploration Results: Detour Lake Returning High Grade Intercepts up to 2 KM away from Current Open Pit; East Gouldie Delivering Solid Infill Conversion Results and Step-out Drilling to the East and West; Hope Bay Returning Wide High Grade Intersections below the Doris Deposit; Exploration of Amalgamated Kirkland Deposit in Kirkland Lake Advancing from Surface and Underground

TORONTO, Aug. 11, 2022 – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle” or the “Company”) is pleased to provide an update on exploration activities at several projects and select mine sites.  The Company’s exploration focus remains on pipeline projects, near-mine opportunities and mineral reserve and mineral resource replacement and growth.  Exploration highlights during the first half of 2022 include:

  • Detour Lake – Conversion and expansion drilling continue to return promising results within and immediately adjacent to the current open pit, representing an opportunity to further optimize the recently updated mine plan. By the end of June 2022, more than 84,660 metres of drilling had been completed since the closure of the database in early February 2022 in connection with the most recent mineral resource estimate. Highlight intercepts of 1.1 grams per tonne (“g/t”) gold over 55.9 metres at 354 metres depth and 1.4 g/t gold over 78.9 metres at 565 metres depth in hole DLM-22-425 in the Saddle Zone demonstrate the potential to deepen the pit and extend it further north. Step-out drilling returned 32.3 g/t gold over 4.8 metres at 955 metres depth in an intersection located more than two kilometres west of the open pit, demonstrating the potential for a significant extension of the deposit to the west that will be considered for underground mining opportunities
  • Odyssey Underground Project at Canadian Malartic – Infill drilling continues to return strong results in the Odyssey South Zone, with recent results of 5.2 g/t gold over 17.0 metres at 359 metres depth. An initial mineral reserve estimate is expected at year-end 2022 and pre-commercial production from the Odyssey South orebody is expected to begin before the end of March 2023. Infill drilling also continues to return wide, high-grade intersections in the core of the East Gouldie deposit, with recent results including 4.9 g/t gold over 45.3 metres at 1,072 metres depth. Eastern extension and western extension of the deposit continues to be tested with recent results of 1.8 g/t gold over 62.9 metres at 1,580 metres depth, extending the zone 225 metres towards the west, filling the gap between the East Gouldie and the Norrie zones and providing potential for mineral resources addition
  • Hope Bay – More than 46,000 metres of drilling have been completed year to date with seven drill rigs now operating at the Doris and Madrid deposits. Recent results at Doris confirm the potential to expand the deposit along strike to the north in the BTD Extension Zone and to the south in the Central and West Valley zones and demonstrate the potential for finding additional high grade fold-hinge structures below the historical zones with a recent intersection in the BTD Connector zone of 6.9 g/t gold over 32.2 metres at 495 metres depth
  • Kirkland Lake Region – Following the merger with Kirkland Lake Gold Ltd. (the “Merger”) that closed on February 8, 2022, the extension of the ramp from Macassa is now allowing drilling of the Amalgamated Kirkland (“AK”) deposit from underground to complement surface drilling and accelerate the infill drilling of AK.  The Company believes ore could be sourced for the Macassa mill in early 2024, which could provide flexibility to the operations.  Recent results include a highlight intercept of 8.1 g/t gold over 13.8 metres at 208 metres depth.  Infill drilling has also been completed at the Upper Beaver deposit, with a recent highlight intercept of 8.8 g/t gold and 0.54% copper over 12.0 metres at 1,600 metres depth.  The Company’s internal study on Upper Beaver is expected to be updated in 2023 taking into consideration synergy opportunities from the Merger

“The Company’s ambitious exploration program for 2022 is yielding exciting results.  At Detour Lake, the step-out drilling suggests good potential for an underground operation and extensions to the current open pits.  At Canadian Malartic, the step-out drilling continues to significantly extend the East Gouldie deposit to the east and the west.  At Hope Bay, the drill results confirm the expansion of the Doris deposit at depth with wide high grade intercepts, well ahead of our expectations,” said Ammar Al-Joundi, Agnico Eagle’s President and Chief Executive Officer.  “In addition, we continue to generate significant exploration results at producing assets including Fosterville, Meliadine, LaRonde and Kittila.  With these positive results, we are adding $30 million dollars to our exploration budget in 2022 as we aim to accelerate the realization of the full potential of existing operations and key projects in the Company’s pipeline,” added Mr. Al-Joundi.

Based on positive exploration results in the first half of 2022, a supplemental exploration budget of $30 million has been approved – The Company has numerous mines and pipeline projects with excellent potential to replace and increase mineral reserves and has prioritized assessing the full potential of its portfolio through exploration (see the Company’s news release dated February 23, 2022 for a breakdown of the 2022 exploration budget).  Positive exploration results in the first half of 2022 support the focused addition of supplemental budgets at several projects.  An update on selected exploration programs and budgets is set out in the sections below.

Targeting growth of the Company’s mineral reserves and mineral resources at year-end 2022 from a record level at year-end 2021 – At December 31, 2021, Agnico Eagle’s proven and probable mineral reserve estimate totaled approximately 25.7 million ounces of gold, consisting of 2.4 million ounces of gold of proven mineral reserves (38.7 million tonnes grading 1.92 g/t gold) and of 23.3 million ounces of probable mineral reserves (298.3 million tonnes grading 2.43 g/t gold.)  This was an increase of approximately 1.6 million ounces of gold (7%) and a 10% increase in grade compared with the prior year.  At December 31, 2021, prior to the Merger, Kirkland Lake Gold’s proven and probable mineral reserves totaled approximately 18.9 million ounces of gold, consisting of 3.7 million ounces of gold of proven mineral reserves (81.7 million tonnes grading 1.41 g/t gold) and of 15.2 million ounces of probable mineral reserves (502 million tonnes grading 0.94 g/t gold).

For a breakdown of the Company’s mineral reserves and mineral resources as at December 31, 2021 by deposit refer to the Company’s news release dated February 23, 2022.  For Detour Lake’s mineral reserves and mineral resources as at March 31, 2022 refer to the Detour Lake section of this new release and the Company’s news release dated July 27, 2022.

A wide selection of recent drill results is compiled in a table in the Appendix to this news release, while highlight intercepts are set out in the sections below.  Drill hole collar coordinates for the holes in this news release are also set out in the Appendix.

ABITIBI REGION, QUEBEC

Agnico Eagle is Quebec’s largest gold producer with a 100% interest in the LaRonde complex (which includes the LaRonde and LaRonde Zone 5 (“LZ5”) mines), the Goldex mine and a 50% interest in the Canadian Malartic mine.  The Company has a multi-decade track record of exploration success in the Abitibi region, building on the discovery in the 1980s of the world-class LaRonde gold-rich polymetallic volcanic massive sulphide deposit, which has served as an operations and exploration hub that provides operating synergies to the Company’s nearby mines and allows for the sharing of technical expertise.

LaRonde Complex – Three Underground Development Drifts Progressing Westward from LaRonde 3 Infrastructure; Drilling on Level 9 Tests Vertical Extension of Zone 3-1; Infill Drilling Confirms Grade and Width of Zone 11-3; Drilling Shows Potential for Westward Extension of LZ5 Mineralization

At the LaRonde complex, the Company now expects to spend approximately $14.8 million in 2022 to drill 43,500 metres and to develop, extend or rehabilitate three new exploration drifts on levels 9, 215 and 290 West from the LaRonde 3 infrastructure towards the west below the LZ5 mine workings.

A total of 13,434 metres of definition and exploration drilling was completed in the first half of 2022, amid a challenging environment for diamond driller staffing and as new exploration drifts are being developed for future drilling.

In the track drift on Level 9, a second drill station has been completed and a drill rig is now operating and targeting the down-plunge extension of the historical Bousquet Zone 3-1.

In the exploration drift on Level 215, the development is progressing faster than budgeted with a total of 1,015 metres developed in the first half of 2022.  The rehabilitation work is completed, and the drift is currently being extended further to the west.  Considering the good progress being made, the Company has allocated an additional $2.9 million budget to extend the exploration drift compared to the original February budget.  A first drill is expected to be mobilized into the drift in the second quarter of 2023.  The exploration drilling program from the Level 215 exploration drift will test vertical extensions between 1.5 and 3 kilometres depth of several known mineralized zones — Zone 3-1, Zone 3-4, the Bousquet 1 mine and the LZ5 mine — as the drift is advanced to the west.

In the exploration drift on Level 290 West, development progressed by 136 metres during the first half of 2022 before being paused until year-end to focus on Level 215 and other priority developments in the mine.

At the LZ5 mine, Zone 5 was extended to the west during the first half of 2022, with recent drilling highlights that included: 2.4 g/t gold over 18.1 metres at 692 metres depth in hole BZ-2021-008; 1.4 g/t gold over 16.0 metres at 1,017 metres depth in hole BZ-2021-009; and 2.1 g/t gold over 17.5 metres at 841 metres depth in hole BZ-2022-001.  These wide and low-grade intercepts show the potential for the vertical and westward extension of Zone 5 mineral reserves and mineral resources onto the Company’s 100%-owned Ellison property, which is immediately adjacent to the infrastructure at the LZ5 mine.

In Zone LR11-3, which is located at depth in the past-producing Bousquet 2 mine, infill drilling was completed to validate historical results and infill the zone prior to development in the ore.  Gold production from LR11-3 development ore is expected to begin in late 2022 and full production is expected to start in the first half of 2023.

Selected recent drill results from Zone LR11-3 and the LZ5 mine are set out in a table in the Appendix and in the composite longitudinal map below.

[ LaRonde Complex – Composite Longitudinal Section ]

Goldex – Exploration Continues to Expand South Zone; Drilling Ongoing into Mineralization Below the Deep 2 Zone and in the West Area

At the Goldex mine, the Company expects to spend approximately $5.6 million in 2022 for 45,300 metres of drilling comprised of 39,300 metres of conversion drilling and 6,000 metres of exploration drilling, focused on the South Zone, M Zone, West area and at depth in the Deep 3 Zone.

The main target of exploration at Goldex in 2022 is the South Zone, which is located in the volcanic rocks south of the Goldex main deposit.  The South Zone gold mineralization is hosted in multiple quartz-biotite-sulphide veins that have higher grades than those in the primary mineralized zones at Goldex.

Seven drills are currently active on the property and have completed a total of 22,036 metres of capitalized definition drilling and 1,697 metres of expensed exploration drilling during the first half of 2022.

Recent results from the western extension of the South Zone in Sector 2 include a highlight of 14.7 g/t gold over 3.0 metres at 955 metres depth in hole GD96-002.  In the eastern extension of the South Zone, in Sector 3, the conversion drilling program continues to return excellent results, including 4.1 g/t gold over 20.0 metres at 1,291 metres depth in hole GD128-057.  The Company expects that the South Zone will be an important contributor to the replacement of mineral reserves at Goldex at year-end 2022.

Exploration is also being conducted to test the deposit at depth below the Deep 2 mine and in the West area.

Selected recent drill results from Goldex are set out in the table in the Appendix and in the composite longitudinal section below.

[Goldex Mine – Composite Longitudinal Section]

Odyssey Project – Infill Drilling Progressing in the Odyssey South Zone with Expectations of Initial Mineral Reserves to be Declared at Year-end 2022 and Pre-commercial Production to Begin before the end of March 2023 from an Underground Ramp; Infill Drilling at East Gouldie Continues to Confirm Grade and Width in the Core of the Deposit while Exploration Drilling Continues to Expand the Zone to the East and West; Underground Development and Surface Construction Progressing on Schedule and on Budget

At the Canadian Malartic mine, the Company expects to spend approximately $11.9 million (50% basis) in 2022 for 136,800 metres (100% basis) of exploration and conversion drilling focused on aggressive infill drilling of the East Gouldie deposit to improve confidence in the mineral resource, to continue the conversion of inferred mineral resources to indicated mineral resources and to refine the geological model.  With ramp development continuing as part of the Odyssey mine project, Canadian Malartic GP (the “Partnership”) is conducting underground conversion drilling from the ramp.

Twenty drills are currently active on the property, with four underground drills completing infill drilling on the Odyssey South deposit, 12 surface drills focused on infilling and expanding the East Gouldie mineralization and four drills active in regional exploration.  The Partnership drilled 95,030 metres (100% basis) during the first half of 2022.

Underground development in the first half of 2022 completed 685 metres of ramp and 2,622 metres of lateral development, with the ramp now reaching a depth of 380 metres below surface.

Selected recent exploration drill results from Odyssey South, East Gouldie and the regional program on the wider Canadian Malartic property portfolio are set out in a table in the Appendix and in the composite longitudinal section below.

[Canadian Malartic Mine – Composite Longitudinal Section]

Odyssey South

Drilling from underground gradually increased during the first half of 2022 as ramp development provided access to new diamond drill bays to test the Odyssey South and Odyssey Internal zones.  Recent results continue to confirm the grades of these zones and the Company expects that the core portion of the Odyssey South deposit will be classified as mineral reserves at year-end 2022, with pre-commercial production to begin before the end of March 2023.  The new underground access also allowed for additional drilling into the Odyssey internal zones where recent results continue to better define the continuity of zones within the porphyry, which is expected to have a positive impact on the mineral resources update at year-end.

East Gouldie

With the continued success at infilling East Gouldie at 75-metre spacing in the core of the deposit, the Company expects a significant portion of the East Gouldie deposit to be classified as indicated mineral resources at year-end 2022.

Recent expansion drilling to the west at depth is producing positive results, with highlight hole MEX22-231 returning 1.8 g/t gold over 62.9 metres at 1,580 metres depth in the western extension of the East Gouldie deposit approximately 225 metres west of the current mineral resources outline (previously reported on July 27, 2022).  This intercept is approximately halfway between the East Gouldie deposit and the Norrie Zone to the west and shows the potential for East Gouldie to connect with other mineral inventories in the Norrie and South Sladen mineralized zones that are not yet classified as mineral resources.

Regional Exploration

In regional exploration at Canadian Malartic, the Company is planning to spend approximately $4.1 million (50% basis) in 2022 on 21,900 metres (100% basis) primarily to expand mineralization towards the east in the East Gouldie horizon and the new Titan zone at depth on the Rand Malartic  property.  During the first half of 2022, 18,896 metres (100% basis) were completed on the Rand Malartic, East Amphi and Midway properties.

Rand Malartic

On the Rand Malartic property, the priority remains to test the eastern extension of the East Gouldie deposit while also testing the eastern extension of the Odyssey North and Odyssey South zones associated with porphyry mineralization within the Piché Group.  As previously disclosed during the first quarter of 2022, the Partnership repurchased the 2% NSR royalty on the Rand Malartic property for $7 million.

Recent hole RD20-4677B has intersected a new mineralized porphyry intrusion, returning 1.6 g/t gold over 29.3 metres (core length) at 1,208 metres depth approximately 820 metres east of the easternmost limit of Odyssey South Zone mineral resources, demonstrating potential to discover “Odyssey North and South” style of mineralization as exploration drilling advances towards the east.

In the eastern extension of East Gouldie, previously reported hole RD21-4689AA intersected 3.1 g/t gold over 7.9 metres (core length) at 2,537 metres depth, making it the deepest and easternmost drill hole to date.  This intersection extends the East Gouldie mineralized corridor eastward by 500 metres, to approximately 1,700 metres east of the current mineral resources outline.  Mineralization remains open to the east.

East Amphi and Camflo

Elsewhere on the Partnership’s 13,582 hectare land position, exploration continues with work testing the deep extension of the East Amphi deposit and the ongoing compilation of all historical information around the Camflo deposit on the Camflo property, which the Partnership acquired in 2021.

The Camflo property lies to the north of the Odyssey project and includes the past producing Camflo mine which had historical production of approximately 1.6 million ounces of gold.

The Partnership’s initial evaluation of the Camflo property has identified porphyry hosted gold mineralization that could potentially be mined via an open pit.  Additional studies are underway to evaluate this mineralization and additional potential mineralization in adjacent rock types.  A follow-up exploration program is planned for Camflo in 2023.

ABITIBI REGION, ONTARIO

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NT4

Alexco Announces Second Quarter 2022 Results

August 11, 2022 Alexco Resource Corp. (NYSE American/TSX: AXU) (“Alexco” or the “Company”) today reports financial results for the three and six month periods ended June 30, 2022 (“Q1 2022” and “YTD 2022”) compared to the three and six month periods ended June 30, 2021 (“Q2 2021” and “YTD 2021”).

Acquisition by Hecla Mining Company

  • On July 4, 2022, the Company entered into a definitive agreement with Hecla Mining Company (“Hecla”), as assigned and amended (the “Arrangement Agreement”), pursuant to which 1080980 B.C. Ltd. (“108”), a subsidiary of Hecla, will acquire all of the outstanding common shares of Alexco that 108 does not already own (the “Arrangement”). Each outstanding common share of Alexco will be exchanged for 0.116 of a share of Hecla common stock. The acquisition is subject to approvals by Alexco securityholders, as well as applicable regulatory approvals and the satisfaction or waiver of customary closing conditions. The board of directors of Alexco and Hecla have both unanimously approved the transaction.

Corporate

  • The Company reported revenues of $3,952,000 for Q2 2022 compared to $7,939,000 for Q2 2021. Mining operations revenue, net of streaming payments related to the Wheaton Precious Metals Corp. (“Wheaton”) silver purchase agreement (“SPA”), in Q2 2022 was $3,528,000 and was derived from concentrate sales from ore sourced from the Bermingham and Flame & Moth mines. In Q2 2022, the Company also recognized reclamation management revenue of $424,000.
  • The Company recorded a write-down of mineral properties, plant and equipment of $97,048,000 during Q2 2022. As at June 30, 2022, indicators of impairment were identified, and the carrying value of the Keno Hill cash generating unit (“Keno Hill CGU”) was compared with its recoverable amount. The recoverable amount of the Keno Hill CGU was determined by management based on the fair value less costs of disposal (“FVLCD”) method using the implied value of Alexco based on the agreed transaction value with Hecla. Management assessed that the Keno Hill CGU carrying value exceeded its FVLCD and a write-down of mineral properties, plant and equipment was recognized.
  • The Company reported a net loss of $95,062,000 for Q2 2022 which was primarily attributable to a write-down of mineral properties, plant and equipment and a gross loss from mining operations, partially offset by a gain on sale of mineral property rights related to the McQuesten mineral property and a fair value gain on the embedded derivative asset related to the Wheaton SPA. A net loss of $2,748,000 for Q2 2021 was primarily from ramp-up related costs at Keno Hill and general and administrative costs.
  • The Company reported an adjusted net loss of $4,269,000 for Q2 2022 compared to $2,548,000 for Q2 2021. The adjusted net loss excludes the amounts recorded with respect to the fair value adjustment on the embedded derivative asset related to the Wheaton SPA and the non-cash write-down of mineral properties, plant and equipment (see “Non-GAAP Measures” in the MD&A for the three and six month periods ended June 30, 2022).
  • The Company reported an operating loss of $105,662,000 for Q2 2022 compared to $2,489,000 for Q2 2021. The operating loss for Q2 2022 was related to a write-down of mineral properties, plant and equipment and a gross loss from mining operations.
  • The Company’s cash and cash equivalents as at June 30, 2022 totaled $8,901,000 compared to $9,933,000 as at December 31, 2021, while net working capital totaled $(6,368,000) compared to $1,389,000 as at December 31, 2021 (see “Non-GAAP Measures” in the MD&A for the three and six month periods ended June 30, 2022). The Company’s restricted cash and deposits as at June 30, 2022 totaled $2,998,000 compared to $2,990,000 as at December 31, 2021.

Mine Operations and Exploration

  • During the quarter, ramp-up of mining activity at Keno Hill continued to progress with underground development performance aided by improved equipment availability (versus Q1 2022) at both the Flame & Moth and Bermingham mines. Similarly, the District Mill saw improved throughput and metallurgical performance in the same period. Underground advance at Bermingham reached the 1120 level, where the upper portion of the high-grade Bear Zone has been cross-cut with two ore faces and predictive block model grades of 1,900 – 2,000 grams per tonne silver appear to be well supported or exceeded in mine based rib and face assays.
  • While the underground performance improvements were notable, and the demonstrated supply of 150-250 tonnes per day of ore to the mill has been important, the rate of improvement in the advance of underground development remained insufficient to achieve the necessary number of production headings to sustain 400 tonnes per day feed to the mill before the end of 2022. To rectify this imbalance, in June, the Company elected to temporarily suspend milling operations to focus all efforts on advancing underground development, which saw a combined total of 150 meters of underground development in the Bermingham and Flame & Moth mines in the month of July.
  • Surface exploration began with two drills in May with focus in the vicinity of the historic Silver King mine and the Coral Wigwam area, approximately 800 meters along structural trend from the Bermingham Mine. Early indications from shallow geology-defining drill holes in the Coral Wigwam area have identified a structural geology framework potentially similar to that which exists in the area of the Bermingham deposit.

Other Activities

  • On April 13, 2022, the Company completed a non-brokered private placement offering with an affiliate of Hecla for 7,473,495 common shares at a price of $1.75 per share, resulting in gross proceeds of $13,078,616.
  • On April 28, 2022, the Company received a further prepayment of US$5,000,000 under the unsecured revolving credit facility (the “Facility”) with its offtaker. During Q2 2022, the Company repaid US$2,500,000 plus applicable interest and standby fees. Subsequent to period end, the Company repaid the entire outstanding balance of the Facility.
  • On April 29, 2022, the Company sold to Victoria Gold Corp. (“Victoria”) all of its rights, benefits and interests in and to the remaining option consideration payable to Alexco by Banyan Gold Corp. (“Banyan”) under the option agreement with Banyan in exchange for 447,142 shares of Victoria. On May 4, 2022, the Victoria shares were sold for net proceeds of $6,000,000 after selling costs and commissions.

Key Performance Metrics

  1. Mill throughput (tonnes per operating day) is based on the number of days that the mill was operational during the period. The mill was operational for 31 days and 62 days during Q2 2022 and Q2 2021 and for 55 days and 98 days during YTD 2022 and YTD 2021, respectively.
  2. See “Non-GAAP Measures” in the MD&A for the three and six month periods ended June 30, 2022.
  3. Total assets decreased primarily due to a write-down of mineral properties, plant and equipment
  4. Sum of quarters may not add up to the yearly totals due to rounding.

Qualified Persons

The disclosure in this news release of scientific and technical information has been reviewed and approved Sebastien D. Tolgyesi, P.Eng., P.Geo., Keno Hill Operations Manager, who is a Qualified Persons as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Alexco

Alexco is a Canadian primary silver company that owns and operates the majority of the historic Keno Hill Silver District, in Canada’s Yukon Territory, one of the highest-grade silver mines in the world. Alexco started concentrate production and shipments in 2021 and is currently advancing Keno Hill toward steady state production. Upon reaching commercial production, Keno Hill is expected to produce an average of approximately 4.4 million ounces of silver per year contained in high quality lead/silver and zinc concentrates. Keno Hill retains significant potential to grow and Alexco has a long history of expanding the operation’s mineral resources through successful exploration.

Contact

Clynton R. Nauman, Chairman and Chief Executive Officer
Rajni Bala, Investor Relations and Communications Lead
Phone: (778) 945-6577
Email: [email protected]

Website: www.alexcoresource.com

NT4

Four Yukon youth receive Outstanding Youth Achievement Awards for remarkable service

11/08/2022

Four youth have been awarded the Outstanding Youth Achievement Award for their devotion and contribution to their communities.

The 2022 recipients are Alia Drummond from Haines Junction, Aliya Grant from Carcross, Gavin Howells from Whitehorse and Ava Irving-Staley from Whitehorse.

The award recognizes these four young Yukoners for their positive impact in the territory, through fundraising, academics, volunteering and commitment to community activities. These four youth are role models for their peers and demonstrate the ways in which hard work and dedication inspire entire communities.

Each recipient will receive a $250 cheque from the Youth Directorate, a certificate and medallion of recognition from the Commissioner of Yukon’s office, and each will be featured on a poster that will be distributed across the territory.

Congratulations to Alia Drummond, Aliya Grant, Ava Irving-Staley and Gavin Howells on receiving this year’s Outstanding Youth Achievement Award. Your dedication, hard work and commitment to your communities provide a model for young Yukoners across the territory and contribute to the vibrancy of our communities.

Premier Sandy Silver

Congratulations to these four wonderful youth for being role models to their peers. They are an inspiration to everyone in the Yukon.

Commissioner of Yukon Angélique Bernard
Quick facts

Four Yukon youth are selected each year for this award.

The feature posters will be distributed in Yukon schools, and through the community.

These awards are sponsored by the Youth Directorate in partnership with the Office of the Commissioner of Yukon.

Backgrounder

Aliya Grant

Aliya, 18, is a dedicated member of the Carcross community and Carcross/Tagish First Nation with interests in academics and social issues. Aliya created a peer mentorship program for young marginalized youth and was a representative at the Yukon First Nation Education Directorate (YNFED) conference. Additionally, Aliya was one of the youngest Yukon female First Nation representatives at the Canada World Youth Summit Conference in Saskatoon, Saskatchewan in 2022. Aliya shows impressive initiative within her community by co-creating a new education program in Carcross to help students create customized learning environments that meet individual needs. Her accomplishments include the Emerging Leaders Award and a job with the YFNED. Aliya promotes her culture though drum making and painting, and by encouraging others to follow the Tlingit teachings and practices. Through her dedication to her community and those within it, Aliya has helped shape Carcross and spread positive change through the territory.

Ava Irving-Staley

Ava, 17, is being recognized for her outstanding commitment to athletics and nature, as well as her academic success. Ava is an environmentalist and passionate about nature, using the principals she learned in PASE: Plein Air et Sciences Experientielles 9 and Experimental Science (ES) 11. In her free time Ava is a volunteer coach in cycling, cross country skiing and biathlon. She also often volunteers for garbage cleanups and always helps with setting up for events. Ava represented the Yukon at the 2019 Western Canada Games in cycling, as well as the Arctic Winter Games in biathlon. In addition to sports, Ava is an accomplished artist, having painted murals in her school, as well as commission work for friends and family. Her writing in English classes regularly achieves high marks and she explores themes of cultural identity and history in her work. Ava is an honor roll student with high marks in multiple subjects, and she was recently accepted into Bishop’s University with a Chancellor’s Excellence Scholarship. Other achievements include being awarded female athlete of the year, a grade level achievement in piano, student artist of the year award and numerous medals in cycling. Ava is an exemplary role model for health, fitness and dedication to art and academics.

Alia Drummond

Alia, 15, is being recognized for her outstanding dedication to sports and recreation in the community of Haines Junction. She has represented the Yukon at various hockey tournaments across western Canada and was selected to the Arctic Winter Games U13 Female Soccer Team in 2020. Alia uses her passion for sports to support other youth through volunteering to lead and coach soccer and hockey practices and clinics. She is a role model to young female hockey and soccer players due to her dedication, hard work, and sportsmanship. Alia has also been recognized for her academic achievements and projects. She placed first in the 2018 Science Fair for her project on stop motion. Alia also placed first at the 2019 Heritage Fair for her presentation on her great grandmother, and went on to win The People’s Choice Award for Best Graphic Design at the same event. Alia represents teamwork, kindness, dedication and creativity through her achievements. Because of her commitment to her goals and to her community, Alia serves as an excellent role model for other Yukon youth.

Gavin Howells

Gavin, 18, is being recognized for his outstanding effort and dedication both inside and outside the classroom. Gavin was the first Yukon student to receive gold medals in both the junior and senior categories of the Canada Wide Science Fair. He represented Team Canada at the MILSET International Science Fair in Abu Dhabi, United Arab Emirates and presented his research to Prime Minister Trudeau. Gavin was elected as a student representative for the 2022 graduating class of Vanier Catholic Secondary School and regularly makes the Principal’s List. Gavin has shown commitment to his community by volunteering as a judge in local science fairs, tutoring other students and presenting his scientific research about the health risks of vaping to 15 Yukon schools throughout 2021. He has a variety of interests, including being a member of the Yukon Canada Summer Games soccer team and playing drums in his school band. Gavin has demonstrated immense passion and dedication to the fields of science, music and athletics. His commitment to other students and the wellness of his community makes him an exemplary role model for youth in the Yukon.
Contact

Renée Francoeur
Cabinet Communications
867-334-9194
[email protected]

Myra Nicks
Communications, Executive Council Office
867-667-5339
[email protected]

NT5

Minister Boissonnault announces support for tourism innovation and growth in the Yukon

From: Canadian Northern Economic Development Agency

August 11, 2022

Tourism operators and organizations across the North and Arctic continue to work hard to innovate and grow. In the Yukon, operators are finding new ways to attract visitors and expanding their operations to deliver tourism services and experiences that continue to help make the Yukon such a great place to visit.

Today, while in Whitehorse, the Honourable Randy Boissonnault, Minister of Tourism and Associate Minister of Finance, announced, on behalf of the Honourable Daniel Vandal, Minister of Northern Affairs, Minister for PrairiesCan and Minister for CanNor, that the Government of Canada is investing over $87,000 towards a one-year project by Yukon Motorcycle Park Inc. to renovate and expand the Yukon Motorcycle Park. This funding through CanNor’s Inclusive Diversification and Economic Advancement in the North (IDEANorth) program, supports enhancements to a campground designed exclusively for the long-distance motorcycle rider. The motorcycle park will undergo an expansion and upgrade that will increase accommodation capacity and improve on-site infrastructure, including laundry facilities and the establishment of a do-it-yourself repair shop. CanNor’s funding supports the project by helping with the purchase of supplies and materials needed for the site improvements.

As a result of this project, it is anticipated that five new jobs will be created during the construction phase, and two additional jobs will be maintained and expanded once the Yukon Motorcycle Park’s renovations are completed.

CanNor supports Yukon’s tourism sector

This investment demonstrates the Government of Canada’s commitment to supporting the tourism sector and ensuring that entrepreneurs and small businesses get the support they need to adapt, grow and thrive. This project supports Yukon Motorcycle Park Inc. as they strive to offer more services and innovate to be well-prepared to welcome visitors.

Quotes

“The tourism sector is key to growing Yukon’s economy and helping northern communities thrive. We are helping entrepreneurs and businesses adapt, make improvements, and welcome back visitors from Canada and abroad.”

The Honourable Randy Boissonnault, Minister of Tourism and Associate Minister of Finance

“Tourism entrepreneurs have shown time and again how determined they are to adapt their ideas and innovate so that they can offer better services and experiences to attract visitors. This investment will help the Yukon Motorcycle Park expand and improve their offerings to become a more attractive destination for long distance travelers and keep providing economic benefits throughout the Yukon.”

The Honourable Daniel Vandal, Minister of Northern Affairs, Minister for PrairiesCan and Minister for CanNor

“The Yukon offers unique adventures and travel experiences that draw tourists from near and far. With today’s investment, we are supporting an innovative northern business that offers amenities and services for long-haul motorcycle adventurers who are travelling to the Yukon for unique visitor experiences. CanNor’s commitment to supporting local tourism operators and improving infrastructure helps our tourism sector innovate and grow.”

Dr. Brendan Hanley, Member of Parliament for Yukon

“These additions will improve the Yukon Motorcycle Park and make it a must-visit stop for motorcycle tourists. Every year, we see more people travelling through the territory on motorcycles and it is great that Yukon businesses are working to improve the resources available to visitors. I am glad that our government could support this project with $61,000 through the Economic Development Fund and I look forward to seeing these improvements to the Yukon Motorcycle Park that will welcome tourists for generations to come.”

Ranj Pillai, Yukon Minister of Economic Development and Minister of Tourism and Culture

“I purchased this business in April 2020. My dream was to build a facility catering to the long distance motorcycle rider traveling the Alaska Highway…our motto being “Three wheels or less!” Using private investment and bank financing, we were able to complete about 75% of the construction. I heard about the CanNor program and decided to apply. I am grateful I was approved as this funding has been instrumental in getting me to the finish line for construction of the Park. This project has helped create construction jobs and seasonal jobs, including for local youth. I would like to emphasize the crucial nature of this funding to the successful completion of this project and thank CanNor for its support.”

Bruce Martin, Owner, Yukon Motorcycle Park

Quick facts

  • CanNor is investing $87,623 towards a one-year project by Yukon Motorcycle Park Inc. to enhance their operations through the renovation and expansion of the Motorcycle Park located at KM 1454 on the Alaska Highway, which is approximately 20 kilometres from Whitehorse.
  • The Yukon Motorcycle Park is designed exclusively for long distance motorcycle riders so there are no cars, trucks or RVs permitted onsite.
  • Through this project, Yukon Motorcycle Park Inc. will increase the accommodation capacity at the park from ten to twenty-five wall tents, upgrade commercial laundry facilities and establish a DIY repair shop for the long-haul motorcycle riders.
  • The project also includes investments from the Government of Yukon and Yukon Motorcycle Park Inc.
  • The funding delivered through CanNor is a non-repayable contribution from the Inclusive Diversification and Economic Advancement in the North (IDEANorth) program, which makes foundational investments in economic infrastructure, sector development and capacity building to help position Northerners in the territories to take advantage of Canada’s innovation economy.

Associated links

Contacts

For more information, media may contact:

Kyle Allen
Press Secretary
Office of the Minister of Northern Affairs, Minister for PrairiesCan and Minister for CanNor
819-953-1153

Marie-Pier Baril
A/Director of Communications
Office of the Minister of Tourism and Associate Minister of Finance
343-576-4131
[email protected]

Laura Seeley
Communications Advisor, Yukon
CanNor
[email protected]

NT4

Media advisory: Minister of Fisheries, Oceans and the Canadian Coast Guard to announce new marine stewardship initiative in the Arctic

From: Fisheries and Oceans Canada

Iqaluit, Nunavut  – The Honourable Joyce Murray, Minister of Fisheries, Oceans and the Canadian Coast Guard, will be joined by the Spence Bay Hunters and Trappers Association and the Nunavut Minister of the Environment, The Honourable David Akeeagok, for an announcement about a new marine stewardship initiative.

Date:            Friday August 12, 2022

Time:           10:30 A.M.  EST

Location:     The Legislative Assembly of Nunavut  926 Federal Road, Iqaluit, Nunavut

Contacts

Kevin Lemkay
Director of Communications
Office of the Minister of Fisheries Oceans and the Canadian Coast Guard
(613) 992-3474
[email protected]

Media Relations
Arctic Region
Fisheries, Oceans, and the Canadian Coast Guard
(204) 984-4715
[email protected]

NT4

NorZinc Announces Permitting Milestone for Mine Expansion Operating Permits

Vancouver, British Columbia ─ August 11, 2022 ─ NorZinc Ltd. (TSX: NZC; OTCQB: NORZF) (the “Company” or “NorZinc”) is pleased to announce it has received the final new Land Use Permit (“LUP”) from the Mackenzie Valley Land and Water Board (“MVLWB”) for mine operations associated with the mine expansion plan of 2,400 tonnes per day (“tpd”), representing a significant milestone in the advancement of the Prairie Creek Project (“Prairie Creek” or the “Project”).

Along with the issuance of the LUP, a recommendation for the final Water License (“WL”) has been sent to the Minister of Environment and Natural Resources (“ENR”), Government of the Northwest Territories (“GNWT”) for approval, representing the last step of the approval of the application process to acquire new mine operating permits. The WL includes an update to the security requirements and the schedule for posting reflective of the 2,400 tpd application. This final WL approval process is subject to an initial 45-day review period by the Minister, who has the option of a one-time extension of this period for a further 45 days.

“This represents a significant milestone for the Company with respect to completing permitting and the advancement of the Prairie Creek Project and indicates the regulatory bodies recognition of the benefits the Project will bring to the region and all stakeholders,” said Rohan Hazelton, President & CEO, NorZinc. “The Company remains committed to the responsible mining at Prairie Creek to deliver the significant economic and social benefits to the local communities who are our partners in this process. We would like to thank the local communities for their continued support throughout this whole process.”

In 2013, following a full Environmental Assessment (“EA”), NorZinc was issued the operating permits for a 1,600 tpd mining operation at Prairie Creek. Full operating permits included a LUP and WL issued by the MVLWB, the only decision making/regulatory body for mine operating permits in the Northwest Territories. In May 2019, the Company was issued with a renewed LUP and WL by the MVLWB without significant changes.

Following the receipt of the renewed LUP and WL, the Company applied for new mining permits to increase the throughput rate from 1,600 tpd to 2,400 tpd. The applications were subject to a preliminary screening, in which it was determined that the changes related to the increased throughput rate did not meet the threshold for an EA amendment, and as a result, the applications proceeded straight to the LUP and WL approval process.

On October 21, 2021, the Company announced an updated Preliminary Economic Assessment for the Prairie Creek Mine based on a 2,400 tpd mining rate. Results included a robust after-tax NPV8% of US$299 million and an IRR of 17.7% with a life of mine of 20.3 years.

The Company continues to work closely with the regulatory bodies, Parks Canada and the MVLWB, on the completion and final approval of the management plans (“MPs”) associated with construction of Phase 1 of the All-Season Road. The Company expects to receive all Phase 1 MP approvals from the respective regulators in Q3 2022.

About NorZinc

NorZinc is a TSX-listed mine development Company trading under the symbol “NZC” and on the OTCQB under the symbol “NORZF”. NorZinc is focused on developing its 100%-owned high-grade zinc-silver-lead Prairie Creek Project, located in the Northwest Territories.

Contact Information

Rohan Hazelton, President & CEO
Tel: (604) 688-2001 or Toll-free:1-866-688-2001
E-mail: [email protected]orzinc.com

www.norzinc.com

NT4

Inuit Organizations Challenge the Government of Nunavut’s Move to Transfer Mining Companies’ Property Tax Liabilities to Inuit

(August 11,2022 – Iqaluit, Nunavut) Nunavut Tunngavik Inc. (NTI) and the Regional Inuit Associations (collectively with NTI, the “Inuit Organizations”) filed a lawsuit on August 10, 2022 challenging the Government of Nunavut’s move to transfer mining companies’ property tax liabilities to Inuit. On May 27, 2022, the Government of Nunavut brought into force Bill 55 – An Act to Amend the Property Assessment and Taxation Act (PATA), which was passed and received Assent in September 2021 over Inuit Organizations’ objection.

Bill 55, among other things, transfers property tax liabilities on a mining company’s assets from the company to Inuit, if the assets are located on Inuit Owned Lands (IOLs) where Inuit hold the mineral title and regardless of whether Inuit Organizations have received any revenues from the company. Inuit Organizations could end up owing millions of dollars in tax liabilities if a mining company fails to pay or goes bankrupt.

Because mining companies own and control the mining assets and improvements, it is the universal practice across Canada for government to collect property taxes directly from mining companies.

“Transferring mining companies’ property tax liabilities to Inuit is simply unconscionable and regressive, violates the Nunavut Agreement. It is a big backward step on the road to reconciliation. Bill 55 also fails to recognize the public nature of Inuit Organizations and IOLs – no other public organizations in Nunavut have been required to shoulder property tax liabilities of private mining companies,” says President Aluki Kotierk of NTI.

In the past two years, Inuit Organizations have consistently opposed some of the proposed provisions of Bill 55. At the Annual General Meeting held in November 2021, the NTI Membership passed a resolution condemning Bill 55 in the strongest terms. The NTI Membership also directed NTI and RIAs to develop mitigation measures to offset the additional risks arising from Bill 55 and to safeguard the interests of Inuit. Inuit Organizations will be implementing the following measures, among other things:

  • Additional monetary security to be paid by mining companies;
  • Additional consent requirements by Inuit Organizations for any infrastructure or improvements to be built on IOLs where Inuit hold the mineral title; and
  • Additional requirement that to the greatest extent possible, mining improvements, facilities and infrastructure not to be built on IOLs where Inuit hold the mineral title.

The Government of Nunavut has decided to bring the Bill into force, despite being made aware of the many legal and practical issues related to those parts the Bill to which Inuit Organizations object, and the increase in costs for mining companies to do business in Nunavut. Inuit Organizations have no choice but to challenge the legislation in court.

“This is a poorly thought-out piece of legislation,” says Vice-President James Eetoolook. “We strongly urge the Government of Nunavut to reconsider this matter, and to amend the legislation accordingly.”

-30-

For further information:

Shawn Watchorn

Assistant Director of Communications

Nunavut Tunngavik Incorporated

Tel: (867) 975-4900/Toll-free: 1-888-646-0006

[email protected]

www.tunngavik.com

NT5

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