The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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More than 83,000 meters of drilling carried out over three years at Freegold Ventures Ltd.'s Golden Summit project successfully connected the Dolphin intrusion and Cleary Hill prospect into a single deposit with more than 20 million ounces of gold in all categories. This now truly world-class gold deposit happens to lie along a paved highway about 25 miles north of Fairbanks, and on the northern boundary of Kinross Gold Corp.'s Fort Knox Mine. The new resources calculated for...
With all the pieces in place, Ascot Resources Ltd. made the final push toward its transformation from mineral exploration and development company to a Premier gold producer in Northern British Columbia. Lying about 15 kilometers (nine miles) north of Stewart, BC, Ascot's Premier gold project is home to a past-producing gold mine that last operated in the 1990s. With much of the major infrastructure from this historical operation in place – mill, crushing and grinding circuits,...
From the world's largest gold company expanding its production profile in British Columbia's Golden Triangle to a 130-year-old silver mining legend strengthening its foothold in the Yukon and a soon-to-be new gold producer in Nunavut, mergers and acquisitions completed in 2023 will forever change the North of 60 Mining News landscape. In fact, if everything goes according to plan, by the time Mining Explorers 2024 rolls off the presses, B2Gold will be pouring the first bars...
With Donlin Gold reentering the feasibility study stage, Ambler Metals waiting on the reevaluation of the permit needed for a road to the Ambler Mining District, and an overall lack of investment capital, mineral exploration spending in Alaska dropped during 2023. While the overall sector was down, there continued to be some bright spots – most notably, a growing interest in Alaska's critical minerals potential. In July, the U.S. Department of Defense awarded Graphite One I...
American Pacific Mining Corp. landed on the North of 60 Mining New scene with the 2022 buyout of Constantine Metal Resources Ltd., giving the company a roughly 45% interest in the Palmer volcanogenic massive sulfide project in Southeast Alaska. This project is being advanced under a joint venture with Dowa Metals & Mining Company Ltd. that was established before American's acquisition of Constantine. A preliminary economic assessment that was updated in 2022 outlines an...
With firsthand knowledge that the Nikolai property in Alaska is seemingly tailor-made to be a domestic source of the nickel, cobalt, copper, and platinum group metals needed for America's energy transition, Greg Beischer shelved Millrock Resources' gold-focused project generator model in favor of Alaska Energy Metals Corp. "Alaska Energy Metals is positioning itself to supply domestic markets with a source of critical and strategic metals," Beischer said when AEM made its...
Dolly Varden Silver Corp. Jan. 16 reported that its 2023 drilling has significantly expanded the high-grade mineralization at the Homestake Silver deposit toward the north end of the company's Kitsault Valley project at the southern tip of British Columbia's Golden Triangle. Lying about 40 kilometers (25 miles) southeast of Stewart, BC, the 63-square-mile (163 square kilometers) Kitsault Valley project is an amalgamation of Dolly Varden's namesake project and the adjacent...
U.S. GoldMining Inc. Jan. 16 reported that its inaugural drill program at Whistler confirmed the high-grade core and expanded upon the main deposit on this gold-copper project 105 miles northwest of Anchorage, Alaska. "We are very pleased with the results from our first round of drilling at the project, which supports the robustness of our geological model, demonstrates improved continuity of high-grade mineralization and has successfully confirmed the presence of additional...
Awards C$600,000 grant for TNDC's heavy equipment operator program that trains Tahltan residents for jobs in Northern BC. More Northern British Columbia residents will have the skills needed to work in Golden Triangle mines thanks to a C$600,000 grant from TD Bank Group to support the Tahltan Nation Development Corp.'s Heavy Equipment Operator program. "At TD, we want to help prepare people for the jobs of tomorrow by investing in organizations that offer skills training...
Goliath Resources Ltd. reports that in addition to the successful drilling of three high-grade gold zones along the Surebet corridor at Golddigger, its 2023 exploration program discovered two high-grade drill targets that demonstrate the exceptional potential of this 52,756-hectare (130,363 acres) property about 30 kilometers (19 miles) southeast of Stewart, British Columbia. Over the past three years, Goliath has outlined three high-grade gold zones – Surebet, Bonanza Shear,...
With $444 million invested over the past three years, Seabridge files an application to upgrade status of KSM, ensure the longevity of EAC. After investing nearly C$1 billion (US$740 million) into KSM over the past two decades, including C$444 million (US$328 million) over the past three years, Seabridge Gold Inc. has applied to have the status of this world-class gold-copper project in Northern British Columbia elevated to "substantially started." A substantially started...
One hole returns 4.9m of 3,053 g/t silver-equivalent; Exploration VP says most potent part of deposit is yet to be drilled. Coeur Mining Inc. Jan. 22 reported that the high-grade silver, zinc, and lead encountered during the 2023 drill program at Silvertip further demonstrates the potential for this Northern British Columbia mine project to be a cornerstone asset for the company moving forward. Since acquiring Silvertip in 2017, Coeur has invested roughly US$60 million into...
Core Assets Corp. Jan. 24 reported that the 2023 shallow drilling completed at the Jackie carbonate replacement deposit (CRD) target cut multiple zones of semi-massive to massive sulfide mineralization, as well as further evidence of a potentially much larger porphyry body underlying the zinc-lead-silver-copper mineralization found at surface at the Silver Lime project on the company's Blue property in Northern British Columbia. Lying alongside the Alaska border in BC's Atlin...
Over the past five years, Coeur Mining Inc. has invested nearly US$245 million into drilling and other exploration initiative aimed at building reserves and resources at its five operations and projects in the United States, Mexico, and Canada. "Through significant multiyear investments in expansions and exploration at our North American assets, we're rapidly nearing the point where we expect to see the benefits of these investments accrue to our stockholders," said Coeur...
Ambler Metals LLC, a joint venture equally owned by Trilogy Metals Inc. and South32 Ltd., dialed back 2023 exploration at its Upper Kobuk Mineral Projects as it waited for the U.S. Bureau of Land Management to reevaluate previously issued federal permits for a proposed 211-mile industrial access road to the metal-rich Ambler Mining District in Northwest Alaska. Covering 448,217 acres of the famed Ambler District, UKMP hosts the advanced staged Arctic Mine project and more...
The first high-grade gold ore from the Manh Choh Mine in Alaska fed into the Kinross Alaska mill at the Fort Knox Mine near Fairbanks is elevating Contango Ore Inc. from a unique Alaska focused mineral exploration company to the newest gold producer in the state. "We are indeed excited to report that mining operations have commenced at Manh Choh and that the construction phase has been achieved on budget and on schedule," Contango ORE President and CEO Rick Van Nieuwenhuyse...
Graphite has not been mined in the United States for decades, which makes the nation largely beholden to China for its supply of this largest ingredient in the lithium batteries that power everything from smartphones and household appliances to electric vehicles and military hardware. On a mission to accelerate the development of a domestic supply chain for the enormous quantities of graphite required for America's green energy and high-tech future, the U.S. Department of...
With an August groundbreaking ceremony celebrating the start of Mining at Manh Choh, Kinross Gold Corp. fully entered into a new era of mining in Alaska that is expected to push Fort Knox gold production up into the 400,000-ounce-per-year echelon, a significant jump over the 291,248 oz recovered at the mine in 2022. This next phase of mining in the 49th State is being built upon the "Kinross Alaska" strategy; an initiative launched in 2020 to enhance gold production at Fort...
Toward its strategy to develop the full potential of existing gold mining operations and a key pipeline project, Agnico Eagle Mines Ltd. invested more than US$100 million on exploring this politically attractive and stable jurisdiction in Canada's Far North during 2023. This robust 2023 exploration began with a US$79.6 million budget for its three primary assets in Nunavut – Hope Bay, Meliadine, and Meadowbank – but given the early success, the company added US$21.5 million to...
It is hard to decide what to get more excited about at American West Metals Ltd.'s Storm Copper project in Nunavut – the abundance of near surface high-grade copper mineralization with the potential to be upgraded to a direct shipping ore, or the much larger yet still high-grade sediment-hosted copper orebody being unveiled under the zones being outlined on the surface. Together, these zones on the Storm Copper project on Somerset Island in Canada's Arctic offer a potential s...
Continuing a project-wide exploration program begun in 2022, Blue Star Gold Corp.'s geological team focused its 2023 exploration on elevating earlier staged prospects across the company's Ulu, Hood River, and Roma properties, which cover a more than 45-kilometer (28 miles) stretch of the High Lake Greenstone Belt in Nunavut to drill-ready status. According to a 2015 calculation, the Flood and Gnu zones on the Ulu property host 2.5 million metric tons of measured and indicated...
The thick zones of copper-gold-silver-molybednum mineralization tapped with drilling at the Camp zone on Brixton Metals Corp.'s Thorn project in Northern British Columbia has attracted the attention of BHP Group, which invested C$13.6 million (US$10 million) to acquire a 19.9% interest in the exploration company at the end of 2022. "We are excited to welcome BHP as a major shareholder of the company and are looking forward to working with BHP in advancing the exciting Thorn...
While the district-scale Blue property in Northern British Columbia offers an array of high-grade skarn and carbonate replacement deposit targets, along with underlying porphyry targets, Core Assets Corp. narrowed the focus of its 2023 exploration on a 2,400-meter trend of high-grade CRD and skarn mineralization at Silver Lime. Honing in on this high-grade corridor began with Core Assets' 2021 first-pass exploration at Blue, a 275,890-acre (111,650 hectares) land package that...
In its second season since consolidating the Dolly Varden and Homestake Ridge projects to form the Kitsault Valley property, Dolly Varden Silver Corp. has focused its exploration on expanding the already established silver and gold deposits, as well as exploring the wider potential of this 63-square-mile (163 square kilometers) property about 40 kilometers (25 miles) southeast of Stewart, British Columbia. Four deposits associated with past producing mines on the Dolly Varden...
The more than 34,000 meters of drilling Goliath Resources Ltd. carried out at Golddigger during 2023 cut three stacked horizons of high-grade gold mineralization that has shown the Surebet Zone on this Northern British Columbia property lives up to its name. Lying about 30 kilometers (19 miles) south of Stewart, BC, the 52,756-hectare (130,363 acres) Golddigger property covers a 56-kilometer (35 miles) stretch of the famed Red Line, a geological contact zone that runs...
