The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 50 of 64
Already a giant-sized deposit containing lots of gold, silver and copper, Galore Creek's allure is in its undefined expansion potential, according to the property's developer. NovaGold Resources and its Canadian subsidiary, SpectrumGold, have started drilling work this summer to find out how much more of those precious metals remain to be discovered. Three drill rigs are currently turning at the remote Galore Creek, a gold-silver-copper porphyry deposit optioned by the Vancouver, British Columbia, junior last year. Last...
Despite a permitting delay to restart mining in the underground, shuttered Nixon Fork gold-copper mine in central Alaska, developers hope to begin producing gold from existing mine tailings this fall. Mystery Creek Resources Inc., a wholly owned subsidiary of publicly traded, Toronto-based St. Andrew Goldfields Ltd., submitted to regulators this spring a new five-year plan of operations for Nixon Fork, 35 miles northeast of McGrath, Alaska. The mine has been mothballed for the last five years, and will require substantial...
In addition to its Pebble South property, Full Metal Minerals is actively working on two other exploration properties in Alaska this summer. The Vancouver, British Columbia, junior began drilling in mid June on its Gunsite gold copper porphyry property north of Anchorage in the Talkeetna Mountains. The company also plans two phases of drilling at its Ganes Creek property in the west-central portion of Interior Alaska. Full Metal holds an 85 percent interest in the 65-kilometer Ganes Creek property. The company plans a first p...
The partnership between Vancouver, British Columbia, junior Rimfire Minerals and global mining giant AngloGold (U.S.A.) Exploration continues to grow, as the two companies announced in late June their third property option agreement for a prospect near the Pogo area. Now optioned by AngloGold, the Beverly claim group is on the eastern boundary of the Pogo project in the upper Goodpaster River Valley in Interior Alaska, a high-grade gold deposit being developed by Teck Cominco and Sumitomo Metal Mining Co. "From a geological...
Silverado Gold Mines Ltd., a Vancouver, British Columbia-based gold mining and exploration company, is working to enter a new industrial market with its promotion of a coal treatment process, which produces a liquid fuel capable of being burned in oil-fired power generation plants. Through its wholly owned subsidiary, Silverado Green Fuel Inc., the company is promoting in Asian markets its hydrothermal treatment process for low-rank or sub-bituminous coal found in huge quantities in Alaska. According to a June 21 company...
AngloGold (U.S.A.) Exploration filed exploration permits with the Alaska Department of Natural Resources in late May, requesting permission to drill up to 60 core holes this summer on two different properties near the Pogo gold project in Interior Alaska. The company plans to drill up to 30 holes on the ER project, just west of Pogo, in the upper Goodpaster River drainage. Vancouver, British Columbia-based Rimfire Minerals initially staked some of that property and has optioned its holdings to AngloGold. The two companies sta...
NovaGold Resources and its Canadian subsidiary SpectrumGold are increasing spending this year for the company's Galore Creek property in remote northwestern British Columbia, kicking off a large, aggressive drilling and advanced exploration program in late May. Galore Creek, about 37 miles west of the Cassiar Highway and about 46 miles east of Wrangell, Alaska, is a large, well-defined gold-silver-copper resource previously worked by Kennecott. Three core rigs will work through the summer, completing more than 60,000 feet of...
NovaGold Resources plans to work on its other large metals deposit this summer, the Ambler property located in the remote part of northwestern Alaska, filing a permit with the state to drill up to 21 core holes. The company announced a $1.5 million budget for the property earlier this year, shortly after signing an agreement with Kennecott to acquire a 51 percent interest in the gold, silver, copper and base metals deposit. Helicopter-supported exploration work will take place between June 15 and Sept. 30, according to the...
Spending about $250,000 on its first phase of drilling this year, Bravo Venture Group hit the ground mid-May with a core drill to test three prospects on the Woewodski Island property in Southeast Alaska about 18 miles southwest of Petersburg. The 3,000 meter drill program will be completed mid-June, according to Jay Oness, vice president of investor relations for the Canadian junior, part of the Manex Group of mineral exploration companies. "We might increase that (drill work)," Oness told Mining News June 7. "We're getting...
In his first season as the Alaska and Russia exploration manager for Kinross Gold, Rich Harris will be spending about $2.5 million on exploration in 2004, mostly for early-stage prospects neighboring the company's Fort Knox and True North mines northeast of Fairbanks, Alaska. Final budgets for several projects, including three prospects neighboring True North and three others in the Fort Knox/Gil area, are still pending, Harris said in interviews June 1 and June 5. "Everything is being reevaluated locally. We're looking at...
Vancouver, British Columbia-based MAX Resource Corp. announced on May 17 its acquisition of the Gold Hill exploration property in central Alaska, near Cantwell. The company plans to begin an extensive exploration and drilling program in June, subject to acceptance for filing of the acquisition option and weather conditions in the area, MAX said in its press release. MAX entered into an option agreement with Zazu Exploration Inc., a privately held Texas corporation, which holds a lease on the Gold Hill claims from General...
Freegold Ventures and Pacific Northwest Capital announced plans June 1 to begin drilling mid-June at the company's Union Bay property about 35 miles northwest of Ketchikan, Alaska, a $1.2 million exploration program being funded by Lonmin Plc. "Exploration will commence immediately with a detailed geological mapping and sampling program and an airborne magnetic and electromagnetic survey," the company said in its press release. Crews will complete 9,000 feet of drill samples during this summer's season, according to...
Partners in the Pogo gold project northeast of Delta Junction, Alaska, have officially approved the final feasibility study and production program, announcing plans on June 4 to complete construction and begin initial gold production in March 2006. Production will ramp up to commercial rates by the end of August, 2006, the three partners said in a joint press release. Development partners in the Pogo project, 40 miles northeast of Delta Junction in the upper Goodpaster River valley, include Teck Cominco Ltd., Sumitomo Metal...
Vancouver, British Columbia-based Yale Resources Ltd. announced its option on the Golden Revenue property in southwestern Yukon Territory, accessible by a secondary highway branching off of the Yukon Highway. In a May 17 press release, Yale said it is currently planning its drilling program to test both high-grade and bulk tonnage gold occurrences on the property in June and July. The company plans to spend a minimum of $400,000 on the property in 2004, and has already obtained exploration permits, according to Yale's...
Developers of the Kensington gold project in Southeast Alaska received a solid vote of confidence from Alaska's state government, with nearly unanimous legislative approval of a bill that would allow up to $20 million in tax-exempt bonding for port and tailings impoundment facilities. The bill was passed by the Alaska Legislature in early May and signed into law in early June. It's the first step in a six-month to year-long process of approving bonds issued by the Alaska Industrial Development and Export Authority for Coeur...
Little Squaw Gold Mining Co. released results in early May from an independent geological analysis of the company's holdings in the Chandalar Mining district, which include both lode and placer prospects. Recommendations for future lode exploration includes targeting a potential bulk tonnage deposit, based on including lenses of multi-ounce gold quartz veins with auriferous splays and subparallel, sheeted quartz vein systems. Placer development recommendations suggest targets in the lower Big Squaw Creek and the Little Squaw...
Work began this spring on a three year, $60 million capital project at the Fort Knox gold mine northeast of Fairbanks, Alaska, a project that will ultimately access 1 million ounces of deeply buried gold, ensuring production at Alaska's largest mine through 2010. Called Phase 6, the mine expansion entails removing 55 million tons of non-gold bearing rock, or waste rock, in order to access an estimated 1 million ounces of gold already included in the mine's reserve used to estimate the remaining amount of production life....
Placer mining and lode exploration activity in Alaska is picking up this year, according to applications filed with the Alaska Department of Natural Resources. A total of 299 permit applications have been filed with the department's Division of Mining, Land and Water in 2004, an increase of 43 applications compared to the number filed in 2003, according to geologist Brent Martellaro, in the department's Northern Regional office in Fairbanks. "We're projecting (the number of permits filed) it will be 17 percent higher. We're...
The first miners arriving in Alaska 100 years ago focused on enduring the challenging environment, building some basic infrastructure and finding enough gold to survive. Long term environmental consequences were not a high priority. Mining techniques have since changed with awareness, technology and with guidance from evolving regulations designed to ensure adequate protection of the nation's lands while allowing development of natural resources. Since August 2000, developers of the Pogo gold project have been working with...
Despite lower production from some partially clogged pipes in its mill, Red Dog posted a $38 million profit for the first quarter, a dramatic turnaround from the $8 million loss reported for the same period in 2003. Zinc production rates for Red Dog, the world's largest producer of zinc and Alaska's largest mine, dropped about 10 percent in the first three months of 2004, General Manager Rob Scott said in a telephone interview on April 29. Lead production, more of a secondary mineral, declined about 6 percent, during the...
A large portion of the 269-square mile MAN nickel, copper and PGE property on the south flank of the Alaska Range near Paxson, Alaska, will soon be assessed by proprietary geophysical technology used by Anglo American Exploration (Canada), a subsidiary of global mining giant Anglo American. Anglo signed a joint venture agreement in mid-March with the property's claim staker, Nevada Star Resource Corp., a Vancouver, British Columbia-based junior that has put together a substantial land position in the south Interior Alaska...
The land has been staked - now the major players have taken to the ground to complete geological and geophysical work surrounding the Pebble gold-copper-molybdenum resource near Iliamna, Alaska. Leading the way in terms of spending is Northern Dynasty, which is earning a 100 percent interest in the Pebble resource lands claim block - a 1,440 acre parcel that contains the estimated 26 million ounce gold resource and the 16.5 billion pound copper resource. Northern Dynasty, which conducted extensive drilling at Pebble in 2002...
Gold and copper production at the shuttered underground Nixon Fork mine, about 30 miles northeast of McGrath in central Alaska, may restart at the end of 2004. Mystery Creek Resources Inc., a wholly owned subsidiary of publicly traded St. Andrew Goldfields Ltd., submitted a new five-year plan of operations for Nixon Fork to regulators in March. The mine has been closed for five years. Mystery Creek plans to refurbish the existing mill, change the extraction process to allow for gold and silver dory production on-site, drive...
The Delta Mine Training Center, a non-profit organization based in Delta Junction, Alaska, has finalized a lease with the state for its training property. The 40-acre site about 30 miles east of Delta Junction near the Alaska Highway has been used by the training center under a land use permit, according to Executive Director Whit Hicks. The former rock quarry, first used by the Alaska Department of Transportation for an industrial minerals site, was closed by the state when an archeological site was discovered nearby. Mine...
SpectrumGold signed four property agreements this spring and staked claims surrounding the company's Galore Creek gold-silver-copper deposit in northwestern British Columbia. A 56 percent owned subsidiary of NovaGold Resources, SpectrumGold's tally for new land acquisitions surrounding Galore Creek is 52,450 acres of land. Total acreage in the district now controlled by SpectrumGold is 74,000 acres, according to a company press release issued on April 8. In that release, SpectrumGold announced its agreement to purchase a 100...
