The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 576 - 588 of 588
Tonogold Resources Inc., a California junior mining company, is mounting a gold exploration campaign in Alaska's Kuskokwim River Delta this summer not far from the city of Bethel. The move marks Tonogold's first exploration venture in Alaska and the second gold project in the Kuskokwim delta in recent years. La Jolla-based Tonogold came to Alaska looking for an affordable "company-making property" and wound up signing a 10-year mining lease last month with Calista Corp. to explore the 57,600-acre Nyac gold district about 60 m...
In the waning days of the Klondike Gold Rush, the Arctic tundra far to the north gave birth to another Alaska gold mining legend. Japanese sailor Frank Yasuda left a whaling vessel to make his home among the Inupiat people at Point Barrow. A few years later, disease and hardship had decimated the village of Barrow. Yasuda, an enterprising fellow, and his young Inupiat wife, Eneveloe, joined another explorer in traveling south to the Brooks Mountain Range in search of a new home for the people of Barrow. Near Chandalar Lake...
Construction work at the $320 million Pogo Gold Project near Delta Junction slowed in late April when a gastrointestinal virus plowed through workers at the remote site. The 24-hour bug, which caused nausea, diarrhea, abdominal cramps and vomiting, is similar to noroviruses that have attacked cruise passengers in Alaska waters in recent years, according to state health officials. About 60 percent of Pogo's work force took sick just days after the first victim was reported April 27, said Karl Hanneman, vice president of... Full story
A mention of the world's richest diamond mines conjures images of hot, steamy African jungles. Yet it is the frozen tundra of the Canadian Arctic that is yielding the latest treasure trove of diamonds and sparking a staking stampede that is bringing hundreds of prospectors to the far north. Between 1998 and 2002, 13.8 million carats have been mined in Canada, and the diamonds - precious stones of pure carbon - are worth $2.8 billion. That is roughly a 1.5-kilogram bag of rocks each day for five years, with each bag worth... Full story
Thanks to a gutsy move by the tiny Yukon River village of Galena, mine developers across the state could soon possess a new option for solving one of their biggest headaches - find a cheap source of power for their operations. Galena, like most remote Alaska communities, is virtually held captive by high energy costs. But nuclear power from a small 10-megawatt nuclear reactor could rescue the Bush village from economic bondage, according to a recent U.S. Department of Energy study of Galena's energy alternatives. Power costs... Full story
By suing the U.S. Department of Interior for quiet title to the state's rights of way for the Coldfoot-Chandalar Lake, Caro-to-Coldfoot and Wiseman-to-Chandalar trails, the state of Alaska may breathe new life into a century-old gold mining region. The lawsuit, filed April 11 in federal district court in Washington, D.C., also named Alaska Northwest Natural Gas Transportation Co., Yukon Pacific Co., Petro Star Inc., Doyon Ltd. and several other non-federal stakeholders with claims to land adjoining or surrounding the trails...
Current market conditions favor the three metals uncovered in the Pebble project operated by Northern Dynasty Minerals Ltd. in southwestern Alaska. Not only are gold and copper fetching good prices, but a recent run-up in molybdenum prices could deliver a nice bonus for the project. Little known metal makes big contributions Molybdenum, pronounced "meh-LIB-deh-nem," is mainly a byproduct of copper mining but some standalone molybdenum mines do exist. The element was discovered by Carl Welhelm Scheele, a Swedish chemist, in...
Northern Dynasty Minerals Ltd., owner and operator of the Pebble project in southwestern Alaska, is gearing up for a new season with a larger ownership stake in the gold-copper-molybdenum deposit and a C$36 million work program for 2005. The company announced results March 4 of a recent independent analysis that indicated the world-class mineral system at Pebble is significantly larger than previously envisioned. Northern Dynasty also said March 14 it agreed to acquire the remaining 20 percent ownership interest in Pebble in...
Nearly half a decade after embarking on development of the huge Pogo gold resource in Interior Alaska, operator Teck-Pogo Inc. is eyeing light at the end of the tunnel - first production in early 2006. The company is also gearing up for additional exploration near the known deposit later this year. Pogo, 85 miles southeast of Fairbanks near the town of Delta Junction, is estimated to contain 7.7 million tons of ore that should yield just under a half-ounce of gold per ton. Karl Hanneman, the project's manager of public and...
An explosion in demand for nuclear energy in the face of chronically short supplies is sending long-time mining companies and a growing cadre of new players scurrying across North America in search of new uranium hot spots. Annual demand for uranium, used primarily for nuclear power generation, has climbed to more than 160 million pounds. Saskatchewan-based Cameco Corp., the world's largest uranium miner, estimates that even without the potential for higher demand due to rising oil and natural gas prices, global uranium... Full story
As its 2004 drilling program draws to a close, Northern Dynasty Minerals Ltd. is awaiting a revised independent estimate of the size of its Pebble gold-copper-molybdenum deposit in Southwest Alaska, Ronald W. Thiessen, the company's president and CEO announced in mid-December. Northern Dynasty said it spent C$33.5 million to drill 173 holes that include the new East Zone discovery holes, which intercepted substantial higher-grade gold-copper-molybdenum mineralization outside of the previous resource boundary. Earlier this...
What a difference a year makes ... along with a few things like rebounding metals prices, China's voracious appetite for minerals and investors' enduring love affair worldwide with gold. That's the assessment of Alaska officials after reviewing the state's annual report on mining industry activity in 2003, released in late October. The cumulative value of Alaska's mining industry in 2003 dipped slightly to $1.067 billion, down about $6 million from the $1.073 billion reported in 2002, according to the report, the 23rd in an...
Northern Dynasty Minerals Ltd. has discovered a new higher-grade zone on the east side of the Pebble gold-copper-molybdenum deposit in southwestern Alaska near Iliamna, Ronald W. Thiessen, the company's president and CEO said Nov. 29. Pebble, which has a 2.74 billion-ton inferred resource, is believed to contain the largest gold deposit in North America and the second-largest copper deposit. Separately, Thiessen and Galahad Gold of London announced that Vancouver, British Columbia-based Northern Dynasty exercised an option...
