The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 376 - 400 of 588
A gold mining group looking north from Nevada where it has been focused in recent years is seeing what many other explorers have noticed before them - the Tintina Gold Belt that stretches across Interior Alaska and Yukon Territory offers the handsome prospect of a major gold discovery. But the difference for Golden Predator Royalty & Development Corp. is that it is prepared to back up its conclusions with the hard work and financial capital necessary to not only find the gold but bring it into production in short order....
Advances in high technology, especially the recent drive to produce increasingly efficient hybrid automobiles, is spurring demand for rare earth elements and energizing a little-known mining sector with at least one known Alaska mineral deposit. Thanks to analysts touting the virtues of investing in rare earth mining, two companies, Commerce Resources Corp. and Rare Element Resources Ltd. listed on the Toronto Stock Exchange have seen gains in their stock price of 32 percent and 37 percent, respectively, this spring,...
A good bit of the excitement in Nunavut's mining sector this summer is being generated by Peregrine Diamonds Ltd. at the Chidliak Project on Baffin Island. The junior's 2009 exploration program of the 9,800-square-kilometer, or 3,784-square-mile property got underway in May. It is drawing significant industry attention, not only because of the hefty $9.2 million that partner BHP Billiton forked over to fund the gambit, but also because it offers the possibility of a major diamond discovery. BHP, which owns most of the huge...
Despite stellar drill results from an aggressive 2008 program at the 40 Mile Project in eastern Alaska, Full Metals Minerals Corp. is slowing the pace of exploration on the 242,000-acre property this year. 40 Mile encompasses numerous lead-zinc-silver targets as well as prospective gold and copper showings. Full Metal's exploration of the West Little Whiteman, Little Whiteman, and Fish prospects resulted in the discovery of a previously unknown mineral district containing multiple occurrences of massive to semi-massive to...
The recent discovery of significant gold mineralization near the headwaters of the White River in western Yukon Territory has sparked a staking rush fired by the imagination of miners with a long memory. More than 12 junior exploration companies have flocked to the region in recent weeks, grabbing claims in the proximity of the increasingly promising White Gold Project held by Underworld Resources Ltd. Underworld May 26 reported discovery of 103 meters grading 3.4 grams per metric ton gold. The companies are also latching...
Underworld Resources Inc. began what promises to be a long, exciting summer by reporting results Memorial Day from the first three holes of its 2009 drilling program, currently under way at the White Gold Property in west-central Yukon Territory. Two weeks later, the aggressive junior churned out additional drill results for one of the three holes, this time identifying deeper gold mineralization that is also rich in silver. A week later, Underworld closed several private placements that generated C$16.55 million in gross...
At least 11 companies have either staked claims in the vicinity of the recent White Gold discovery by Underworld Resources Ltd. in western Yukon Territory, or been inspired by Underworld's exploration success to become involved in exploration programs in the region this year. Underworld May 26 reported the discovery of 103 meters averaging 3.4 grams per metric ton gold at the White Gold Property. Among the companies flocking to the area: MPH Ventures Corp. June 19 said it has entered into an agreement to acquire the Quartz...
BC Hydro Power Smart and the University of British Columbia are collaborating on a new research initiative that will explore energy conservation in the mining and minerals industry. As the founding sponsor, BC Hydro's primary goal is to identify opportunities to introduce technologies with the potential to improve electricity efficiency in the minerals industry by at least 20 percent. BC Hydro is the third-largest electric utility in Canada, generates between 43,000 and 54,000 gigawatt-hours of electricity annually -...
An environmental products maker and a British Columbia Native group have jointly won the western Canadian province's 2008 Mining and Sustainability Award. The honor is awarded annually by the Mining Association of British Columbia and the British Columbia Ministry of Energy, Mines and Petroleum Resources to organizations that show exceptional commitment to advancing and promoting sustainable development in the B.C. mining sector. Pierre Gratton, president and CEO of the MABC, presented the awards May 4 to Absorbent Products...
Sabina Silver Corp. is striving to grow into its role as developer of the giant Hackett River silver-zinc property in Nunavut, which it calls "Canada's last mining frontier." New management took charge of the Vancouver, BC company in 2008 and set about crafting a new strategy to bring the property, one of the three largest silver deposits of its type in the world, into commercial production. Fueled with a fresh perspective developed in a rigorous review last fall, Sabina told investors this spring that the Hackett River...
If it were entirely up to Copper Ridge Explorations Inc., the project generator would explore most of its mineral properties in Yukon Territory, northern British Columbia and Alaska this summer. But tough economic times have forced the Vancouver, B.C.-based junior to pick and choose among its 12 key projects, betting precious dollars on a handful of ideas that could pay off with additional exploration by catching the eye of future partners or investors. Fortunately, some of Copper Ridge's projects have already hit that magic...
Copper Ridge Exploration Inc. got its start 10 years ago when Gerald Carlson and Mark Fields organized the company. Prior to forming Copper Ridge in 1999, Carlson was president and CEO of La Teko Resources Ltd., which held gold claims near the Fort Knox Mine in Interior Alaska. Fields also worked for La Teko until Fort Knox owner Kinross Gold Corp. acquired that junior. The geologist also was involved in the acquisition and development of the Diavik diamond mine for Rio Tinto Ltd., and has since moved on to other ventures....
As mineral-rich Nunavut Territory celebrates its 10th anniversary, Canadians and others are assessing changes made in the past decade and debating what the future will hold for Canada's newest territory. Nunavut, which means "our land," is a vast, frozen expanse of tundra laced with lakes, inlets and bays in the eastern Arctic. Spanning three time zones, it covers 1.9 million square kilometers, or one fifth the land mass of Canada. It also dwarfs Alaska by nearly 200,000 square miles. The territory is home to only 31,000...
Nunavut Territory's next mine appears to be a winner. On track to begin initial gold production in early 2010, the Meadowbank Project promises to deliver the best of what those who pressed for the creation of the territory had in mind - a mining venture capable of doing the heavy lifting needed to improve the local standard of living by providing steady, good-paying jobs along with significant public revenue. The Meadowbank property is located in the Kivalliq region of Nunavut and lies in the Third Portage Lake area, about...
Training the locals to work at the Meadowbank Project near Baker Lake in Nunavut Territory and pouring dollars into the community by purchasing services from local contractors is a big part of the commitment that Agnico-Eagle Mines Ltd. made to gain the right to produce the estimated 3.5 million ounces of gold it has identified so far on the property. "We anticipate a long-term, mutually beneficial relationship with citizens and government of Nunavut, much like our experience in Quebec," Agnico-Eagle Vice Chairman and CEO...
Yukon Zinc Corp. moved closer to startup of the Wolverine Project in Southeast Yukon Territory recently by gaining regulatory approval of its tailings and infrastructure design and construction plan. Two Chinese companies, Jinduicheng Molybdenum Group Ltd. and Northwest Nonferrous International Investment Co. Ltd., acquired all of the public shares of Vancouver, B.C.-based Yukon Zinc last summer. Since then, the private company has quietly advanced the development of Wolverine. The Yukon government April 14 said it approved...
TORONTO - For a first-timer, attending the 77th Prospectors and Developers Association of Canada annual International Convention, Trade Show and Investors Exchange overwhelmed, teased, tantalized and downright exhausted. Though folks remarked that convention attendance seemed down from the record-breaking levels of recent years, one couldn't discern any slackening in the steady streams of dark-suited conventioneers pouring onto the escalators in the multistoried convention hall, or crowding into meeting rooms at neighboring...
In response to a disturbing mining industry trend, the Canadian Securities Administrators launched a project in January to revise National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). The British Columbia Securities Commission is leading the project with participation from other CSA jurisdictions. Greg Gosson, a geologist with AMEC Americas Ltd., told attendees at the 2009 Prospectors and Developers Association of Canada convention that the CSA surveyed mining companies last year and found that...
A visit to Toronto is like a trip to springtime, even when the temperature is minus 10 degrees Celsius and the wind is howling worse than wintertime in Chicago. The reason: Toronto offers the best of a big metropolitan area, such as off-Broadway shows and fabulous international cuisine, without the grime and the crime of most major cities. More than 5.2 million people live in the Toronto metropolitan area. Not only does the downtown area sprawled along the shore of Lake Ontario offer a beehive of indoor walkways, underground...
Provinces, territories and at least one mining leader are appealing to the Canadian federal government to offer up substantial assistance to the beleaguered industry in its new annual budget due out Jan. 27. The proposals range from various provisions for tax relief to implementing major infrastructure projects aimed at spurring resource development as well as altering monetary policies to ease credit and free up capital for miners nationwide. The reason: Canada, unlike most Western nations, relies heavily on its natural...
Yet another junior exploration company prospecting for precious and base metals in the mountains of central Yukon has come home with a shiny new prize. ATAC Resources Ltd. struck gold last summer in the mineral-rich hills of the Tombstone Mountains. In August ATAC reported a significant discovery on the Rau property in the Keno Hill District at the northern edge of the prolific Tintina Gold Province, a banana-shaped belt of mostly intrusion-related gold deposits that stretches more than 1,000 miles across Yukon and Alaska....
Growing numbers of thieves are seeking out vulnerable public and private structures for easy sources of lucrative copper used in wiring and other products for relatively quick and anonymous sales. The theft problem is getting so bad that communities across the country are encountering not only economic but also public safety dangers. A recent Federal Bureau of Investigation assessment highlighted the impact of copper theft on critical infrastructure nationwide. Through May 2008, the federal law enforcement agency reported...
The Government of the Northwest Territories and three diamond mines in the Northwest Territories entered a Memorandum of Understanding to further development and retention of the Arctic territory's diamond mining work force. The agreement was signed in Yellowknife Nov. 27 by Minister of Industry, Tourism and Investment Bob McLeod; Minister of Education, Culture and Employment Jackson Lafferty; BHP Billiton Diamonds Inc. President Ricus Grimbeek; Diavik Diamond Mines Inc. President Kim Truter; and Chantal Lavoie, senior vice p...
NORTHERN DANCER PROJECT, Yukon Territory - Folded into the rocks of this remote valley astride the border between Yukon Territory and British Columbia is at least 20 percent of the world's known tungsten resource. And overlapping that abundance is a hefty deposit of molybdenum. For Largo Resources, this mineral wealth 290 kilometers, or 180 miles, southwest represents a major opportunity and hopefully, a surmountable challenge. The Toronto-based junior is pursuing Northern Dancer and another advanced-stage project in Brazil,...
As financial conditions in the mining industry spiral deeper into a trough with the overall economy, the two westernmost governments in Canada are taking steps to cushion the fall, at least for mining companies doing business within their jurisdictions. The Yukon Legislative Assembly moved in November to provide new certainty to Yukon's mineral sector by passing amendments to the territory's Quartz Mining Act and Miners Lien Act. In British Columbia, meanwhile, officials set in motion plans to introduce legislation, subject...
