The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Momentum builds for silver company and its precious metals enriched Northern BC project. Since bringing Shawn Khunkhun onboard as CEO in 2020, Dolly Varden Silver Corp. has raised roughly C$124 million ($88 million), substantially expanded its land position and precious metals resources at the southern tip of British Columbia's Golden Triangle, and completed more than 135,000 meters of drilling across its Kitsault Valley silver-gold project. As a result, the company's market...
Upgraded Tardiff resource estimate is being incorporated into a scoping study for developing a mine at the large REE deposit at Nechalacho. Vital Metals Ltd. Jan. 20 reported a significant upgrade to Tardiff, including the first time that niobium has been included in a resource estimate for this large rare earths deposit in Canada's Northwest Territories. According to the new calculation, Tardiff hosts 48.6 million metric tons of measured and indicated resources averaging...
Higher grades result in a 16% increase in copper in indicated resources; SE Alaska project's inferred resources grow by 25%. American Pacific Corp. Jan. 20 announced a significant upgrade to the mineral resource estimate for its Palmer copper-zinc-gold-silver project in Southeast Alaska. The company gained full ownership of Palmer last November when its partner, Dowa Metals & Mining Alaska Ltd., agreed to sign over its joint venture interest and pay American Pacific $10...
Natural gas shortage has GVEA generating more Usibelli coal-fired power on the supply side, discussing demand-side scenarios with Fort Knox. While the idea of rolling blackouts during the cold and dark days of an Interior Alaska winter is less than ideal, Golden Valley Electric Association (GVEA) cautioned its customers in Fairbanks and the surrounding area to be prepared for such a scenario. To help keep the lights on and the furnaces running, Alaska mines are adding coal to... Full story
Drilling of an overlooked target at the KSP project taps 381.5 meters of 0.71 g/t gold. Skeena Resources Ltd. Jan. 16 reported the discovery of a large gold-copper porphyry system at KSP, a regional exploration project lying between its Eskay Creek and Snip mine projects in British Columbia's Golden Triangle. KSP is a previously explored property that Skeena added to its portfolio through the acquisition of QuestEx Gold & Copper Ltd. in 2022. While Skeena's 2024 focus was... Full story
Invents and executes "hybrid royalty" business model. The July 8 pouring of the first bar of gold from the Manh Choh Mine in eastern Alaska elevated Contango ORE Inc. from an Alaska-based mineral exploration company that got its start when a Texas oil executive discovered hard rock mineralization at Mahn Choh in 2009 to the newest gold producer in the state. "From the first discovery hole to pouring the first bar of gold emblazed with the special Manh Choh branding, it has... Full story
New study prepared for Trilogy Metals demonstrates that mining a small portion of the Bornite deposit would extend mining in the Ambler District to 30 years. A new preliminary economic assessment (PEA) for developing an underground mine at the high-grade Bornite copper deposit in the Ambler Mining District shows that the two largest deposits outlined so far at the Upper Kobuk Mineral Projects (UKMP) could deliver copper and other metals critical to the United States into the... Full story
Pres. Trump vows to maximize Alaska's mining potential. As a state rich in gold, silver, copper, and 49 out of the 50 minerals deemed critical to the United States, Alaska is poised to benefit from rising precious metals prices and America's ambitions to become more self-reliant when it comes to producing the minerals and metals essential to the nation's economy and security. The importance of Alaska's rich natural resource endowment is recognized by incoming President Donald... Full story
Provincial and federal governments invest in Northern British Columbia's mineral-rich region. Home to roughly 75% of Canada's total copper reserves, along with rich stores of gold, silver, nickel, and other metals critical to the transition to clean energy, British Columbia's Golden Triangle has become a hotbed for government, mining companies, and First Nations investments. In 2024 alone, the provincial and federal governments have committed to spending a combined C$265... Full story
Studies high-grade mine; explores district-scale potential. Since optioning Storm Copper from Aston Bay Holdings Ltd. in 2021, American West Ltd. has been discovering, defining, and expanding upon high-grade copper deposits at this project near the coast of a Nunavut Island along Northwest Passage shipping lanes that could be developed into a low-cost, open-pit mining operation that directly ships ore to global markets. Without the cost or complexity of permitting and... Full story
Mining Explorers 2024 digs into northern critical minerals. Data Mine North is proud to present the 2024 edition of Mining Explorers, the 16th edition of this perennial magazine that delivers unprecedented insights into the mining and mineral exploration companies exploring the vast and largely untapped mineral potential across a northern expanse that extends from the gold-rich beaches on Alaska's west coast to the world-class iron ore deposits on Nunavut's Baffin Island. Whil... Full story
As the largest producer of silver in the United States, Hecla Mining Company is well-positioned to be a reliable North American supplier of this precious metal critical to the transition to clean energy. Silver's criticality to the energy transition is primarily due to its use in solar panels, which require about 450,000 ounces of the highly conductive metal for every gigawatt of installed solar capacity. As a result, the 447 gigawatts of solar installed last year required... Full story
B2Gold says Goose Mine development remains on schedule for first gold pour by midyear. B2Gold Corp. Jan. 13 announced that it completed all of the Goose Mine construction initiatives it had planned for 2024, and the newest large mining operation in Nunavut is slated to pour its first bar of gold by mid-year. Goose is the first mine being developed at Back River, a 144,245-acre (58,734 acres) gold-enriched land package in southwestern Nunavut, about 325 miles (520 kilometers)... Full story
The roughly $55 million invested into exploration during 2024 continues Coeur Mining Inc.'s ongoing commitment to growing resources through the drill bit at its mines and project in the United States, Mexico, and Canada. "Organic growth from elevated levels of exploration investment has been a defining characteristic of Coeur over the last several years, and our commitment to exploration will continue in 2024," Coeur Mining President and CEO Mitchell Krebs penned in the...
Having already outlined 25 million ounces of gold at Golden Summit, Freegold Ventures Ltd. focused its 2024 drill program on expanding the already world-class Dolphin-Cleary deposit to the west as it prepares for the start of a pre-feasibility study for this road-accessible project about 25 miles north of Fairbanks, Alaska. According to a calculation completed in September, Dolphin-Cleary hosts 23.8 million oz of open-pit mineable gold in all resource categories, plus 1.1... Full story
With the financial and technical backing of BHP Group, Brixton Metals Corp. carried out a C$12.5 million ($9.2 million) program last year focused on expanding the mile-thick zones of porphyry copper-gold mineralization at Thorn and testing some of the other exploration targets across the district-scale project in Northern British Columbia. Lying in B.C.'s northwestern corner, about 55 miles (90 kilometers) northwest of Juneau, Alaska, the 2,945-square-kilometer (1,137 square m...
With 66% of the core from drilling into Surebet Corridor containing visible gold and 100% of them cutting mineralization, this more than 1,800-meter-long trend running across Goliath Resources Ltd. Golddigger property in Northern British Columbia is living up to its name. Located in the neighborhood of Dolly Varden Silver Corp's Kitsault Valley and Hecla Mining Company's Kinskuch gold-silver projects, Goliath's 52,756-hectare (130,363 acres) Golddigger property is in an increa...
Looking to build upon the roughly 900,000-ounce-per-year gold production at its two operating mines in Nunavut – Meadowbank and Meliadine – Agnico Eagle Mines Ltd. invested roughly $78 million into exploration at its two mines and one advance-stage project in the far northern Canadian jurisdiction. At nearly $45 million, the largest portion of the company's 2024 Nunavut exploration budget was invested in resource expansion and upgrade drilling at Hope Bay, an already dev...
While making its final push to the first gold pour at Goose Mine, B2Gold Corp. continues to explore the upside potential at its Back River gold project in Nunavut. Lying in southwestern Nunavut about 325 miles (520 kilometers) northeast of Yellowknife, Northwest Territories, the 144,245-acre (58,734 acres) Back River project consists of ten claim blocks – Bath, Beech, Boot, Boulder, Del, George, Goose, Malley, Needle, Wishbone. Since acquiring Back River through the C$1.1 b...
In alignment with the United States' goal to bolster domestic production of minerals critical to national security and the broader economy, Felix Gold Ltd. is focused on accelerating the development of a 5,000-metric-ton-per-year antimony mine on its Treasure Creek project about 12 miles north of Fairbanks, Alaska. Treasure Creek is part of a larger land package Felix began assembling in 2020 that covers roughly 151 square miles of the Fairbanks Mining District, a region of... Full story
Alaska Energy Metals Corp. kicked off 2024 with a mineral resource encompassing more than 8 billion pounds of nickel in the Eureka Zone on its Nikolai project and compelling evidence that this bulk tonnage deposit is substantially larger than what was outlined during the company's inaugural drill program at this project about 80 miles southeast of Delta Junction, Alaska. Nikolai is comprised of two blocks of claims – Eureka and Canwell – that each host compelling nickel target... Full story
With financial backing from the Pentagon, a loan offer from the Export-Import Bank of the United States, and an American automaker signing up to buy future supplies of graphite for the batteries powering its electric vehicles, Graphite One focused its 2024 work on collecting the final information needed for a feasibility study that will provide details of a complete mine-to-EVs graphite supply chain in the United States. The first link of this supply chain outlined in the... Full story
Fortune Minerals Ltd.'s efforts to establish a North American supply of metals critical to the energy transition at its NICO project in Northwest Territories received a $11.9 million (C$16.2 million) boost from federal grants awarded by both Canada and the United States. Located about 100 miles (160 kilometers) northwest of Yellowknife, NICO is a near-development stage project that includes an intriguing mix of critical and precious metals. According to a 2020 development plan...
Impressive one-ounce-per-metric-ton intercept made in the aptly named Bonanza High-Grade Zone at Golddigger. Goliath Resources Ltd. Jan. 13 reported that the latest batch of assays from its 2024 drilling at the Golddigger project in Northern British Columbia included one hole that cut 39 meters averaging 34.47 grams per metric ton gold and 3.96 g/t silver in the aptly named Bonanza High-Grade Zone. Over the past three seasons, Goliath has outlined three high-grade gold zones... Full story
With all the 2024 results in hand, the company is planning for an early start to the 2025 program at Stibium. Nova Minerals Ltd. Jan. 13 announced that its 2024 surface exploration and sampling has refined targets for a resource definition drill program at the Stibium antimony-gold prospect on the company's Estelle project in the West Susitna Mineral District about 100 miles northwest of Anchorage, Alaska. "Defining a gold-antimony resource at Stibium and advancing towards... Full story
