The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Despite the growing calls by Alaska Native tribal and municipal leaders for an expedited review of the Ambler Access Project, the U.S. Bureau of Land Management announced that it will take six extra months for it to complete a supplemental environmental impact statement for the proposed 211-mile road to the Ambler Mining District in Northwest Alaska. "This unnecessary delay threatens a project that will provide much-needed jobs and economic growth for Alaskans, while also stre...
Canadian North Resources Inc. May 16 announced that it has been awarded a C$250,000 grant through Nunavut's Discover, Invest, Grow (DIG) program for exploration at the company's Ferguson Lake nickel-copper-cobalt-platinum group metals project in the territory's Kivalliq region. "We are thrilled to have been awarded this grant from Nunavut's Discovery Department of Economic Development and Transportation," said Canadian North Resources President and CEO Kaihui Yang. "It is an...
Contango ORE Inc. May 18 reported that it has secured a loan of up to US$70 million to fund its share of the construction, operation, and other expenses required to achieve the first gold pour at the Manh Choh mine project in Alaska. Being advanced by Peak Gold LLC, a joint venture between Kinross Gold Corp. (70%) and Contango (30%), the Manh Choh Mine is expected to produce roughly 1 million gold-equivalent oz, which includes the value of both the gold and silver, over an...
Yukon takes over, hires JDS Mining to maintain site; mine closure may sink Minto Metals and Pembridge. Inundated by the forces of nature and finance, Minto Metals Corp. is shuttering operations at its Minto copper mine in Canada's Yukon. "Needless to say, ceasing operations at the Minto mine was an extremely difficult and disappointing decision, that was not taken lightly," said Minto Metals President and CEO Chris Stewart. Unable to continue to meet its financial obligations...
Merged company will hold several world-class gold, copper assets in Northern BC's Golden Triangle. In a deal that will bring together several world-class copper and gold projects in British Columbia's Golden Triangle, Newmont Corp. and Newcrest Mining Ltd. have agreed upon a merger worth A$28.8 billion (US$19.3 billion) to Newcrest shareholders. "The combination of Newmont and Newcrest represents an exceptional value proposition for shareholders and other stakeholders," said N...
Seabridge Gold Inc. May 25 announced that it is preparing for a 7,500-meter drill program at 3 Aces, a road-accessible project that covers 357 square kilometers (138 square miles) of high-grade gold discoveries in southeastern Yukon. 3 Aces, which hosts two of the highest-grade surface outcrops ever discovered in the Yukon, has 30 mineralized veins which have been discovered through sampling, trenching, roadwork, and drilling within its Central Core area. Seabridge, which...
Home to deposits and prospects enriched with 49 out of the 50 minerals deemed critical to the United States, Alaska is the single best state in the nation to explore for the minerals and metals needed for clean energy, electric vehicles, high-tech devices, and military hardware. To gain a better understanding of the 49th State's critical minerals potential, the U.S. Geological Survey is investing an additional $5.8 million to explore specific regions of the state in 2023....
Nova Minerals Ltd. May 16 announced that crews and equipment have been mobilized to Estelle for a planned 15,000-meter drill program that will primarily target the higher-grade gold identified in the RPM and Train areas of the property. In April, the company reported that Estelle hosts 1.1 billion metric tons of global resource averaging 0.3 grams per metric ton (9.9 million ounces) gold. According to the new calculation, the Korbel Main deposit at the north end of the...
Skeena Resources Ltd. May 24 announced that is has raised C$73.5 million (US$53.9 million) to carry out early development activities at its Eskay Creek gold-silver mine project in Northern British Columbia. A feasibility study completed last September details plans for an open pit mine at Eskay Creek that would produce 2.42 million ounces of gold and 66.7 million oz of silver from 29.9 million metric tons of proven and probable reserves averaging 2.99 grams per metric ton gold...
American West Metals Ltd. May 23 that assays have confirmed the strong copper mineralization observed in the core from the first hole of its 2023 drill program at the Storm Copper project on Somerset Island in the northern reaches of Nunavut, Canada. Since optioning the Storm Copper and adjoining Seal Zinc from Aston Bay Holdings Ltd. in 2021, Australia-based American West has focused largely on defining areas of near-surface, high-grade copper mineralization that could be upg...
Ragusa Minerals Ltd. May 22 announced that sampling carried out toward the end of the 2022 exploration season has identified and confirmed two gold targets on the Monte Cristo project about 100 miles (160 kilometers) northwest of Anchorage, Alaska. Located just east and south of U.S. GoldMining Inc.'s Whistler copper-gold project and Nova Minerals Ltd.'s Estelle property, Monte Cristo is a 125-square-mile (323.7 square kilometers) land package that hosts several gold profits...
Goliath Resources Ltd. May 19 announced that it has mobilized equipment and crew to Golddigger for an 18,000-meter drill program at this gold-silver project in Northern British Columbia. "After many months of extensive and detailed planning in the off season, we are very pleased to have mobilized for another aggressive drill campaign this year at our high-grade gold-silver Golddigger property," said Goliath Resources CEO Roger Rosmus. Located just southwest of Dolly Varden...
Kinross Gold Corp. May 9 reported that its Fort Knox Mine in Alaska produced 65,404 ounces of gold during the first quarter of 2023, which is a 33% drop from the 87,061 oz produced during the previous three-month period but nearly 19% higher than the 54,803 oz produced during the first quarter of 2022. Due to the effects of cold weather on recoveries from the heap leach pad, a drop in gold production during the first quarter is an annual event at Fort Knox. As the weather warm...
Mining execs rank Alaska, Yukon, BC, NWT and Nunavut high on mineral potential; policy issues weigh on Fraser mining survey scores. With the exception of British Columbia, all the mining jurisdictions in the North of 60 Mining News area lost favor in the latest edition of the Fraser Institute's Annual Survey of Mining Companies. Each year, Canada-based Fraser Institute calls on mining executives from around the world to rank global mining jurisdictions when it comes to...
Rio Tinto reflects on extraordinary people, spirit and innovation behind Far North Canada diamond mine. Rio Tinto celebrates the extraordinary people, award-winning innovation, and pioneering spirit behind the 20 years of producing brilliant diamonds at the Diavik Mine in Canada's Northwest Territories. Discovered during the great Canadian diamond rush in the 1990s, Diavik began commercially producing diamonds in 2003. Over the ensuing two decades, Diavik has produced over...
Cash from royalty sold to Sprott will help elevate BC copper-gold-silver mine project to "substantially started" status. Seabridge Gold Inc. May 11 announced that it has raised US$150 million (C$201 million) to carry out the work required to elevate KSM to the "substantially started" status, which will ensure the longevity of the environmental assessment certificate for this copper-gold-silver mine project in British Columbia's Golden Triangle. Once a certain threshold has...
Alaska Energy Metals Corp. May 2 announced the appointment of former Alaska Department of Natural Resources Commissioner Corri Feige to its board of directors. “We are really pleased to have Corri join our company! She has great energy, vision, and leadership skills, but, most importantly, she has boundless enthusiasm for resource-centered economic development in Alaska. Her enthusiasm is infectious!” said Alaska Energy Metal’s President and CEO Gregory Beischer. Forme...
Brixton Metals Corp. May 17 announced the start of an up to 20,000-meter drill program on the company's Thorn copper-gold project in the northern reaches of British Columbia's Golden Triangle. The 2,863-square-kilometer (1,105 square miles) Thorn project, which hosts both porphyry copper-gold-silver-molybdenum targets and high-grade epithermal gold targets, has attracted the interest of one of the world's largest mining companies. Late last year, BHP Group Ltd. invested...
A growing and increasingly vocal group of Alaska Native leaders are joining the 49th State's delegation in Washington DC on pressing the Biden administration to carry out a timely review of the proposed 211-mile road to the Ambler Mining District in Northwest Alaska. "We are asking lawmakers in Washington to listen to the voices of the people who have lived on these lands and stewarded Alaska since time immemorial," said Naasri Fred Sun, president of the Shungnak Tribe in the...
The North of 60 Mining area hosts billions of pounds of copper ready to be delivered to a world craving this metal in sky-high demand for wiring the electric vehicles and renewable energy infrastructure that would enable the envisioned low-carbon future. Whether enough of these copper-rich projects are developed in time to circumvent a short circuit of the clean energy transition remains to be seen. Global Market analysts such as S&P Global have predicted that copper... Full story
Core Assets Corp. May 1 announced the discovery of a high-grade silver-zinc-lead-copper target in the Silver Lime project area of the company's Blue property in Northern British Columbia. Situated along the Alaska border in BC's Atlin Mining District, Blue is a 275,890-acre (111,650 hectares) land package covering high-grade skarn and carbonate replacement and porphyry prospects enriched with copper, gold, silver, zinc, and lead. The two most advanced project areas on the...
American West Metals Ltd. May 5 reported strong copper mineralization in the first four holes of its 2023 drill program at the Storm Copper project on Somerset Island in the northern reaches of Nunavut, Canada. Since optioning the Storm Copper and adjoining Seal Zinc from Aston Bay Holdings Ltd. in 2021, Australia-based American West has been systematically exploring the high-grade, near-surface copper and deeper stratabound sedimentary hosted copper on this land package along...
Ascot Resources Ltd. May 11 announced plans for up to 14,000 meters of resource expansion and upgrade drilling during the 2023 season at its Premier gold mine project in Northern British Columbia. Situated near the mining town of Stewart at the southern tip of BC's Golden Triangle, Premier is home to a past-producing gold mine that last operated in the 1990s. A feasibility study completed in 2020 envisions four underground mines – Big Missouri, Silver Coin, Premier, and Red M...
Newcrest Mining Ltd. May 11 announced that it has granted Newmont Corp. one more week to complete due diligence ahead of finalizing a merger between the two large mining companies. In February, it was revealed that Newmont had made an all-shares merger offer of 0.363 Newmont shares for each Newcrest share held and then a second for 0.38 Newmont shares per Newcrest share. Newcrest, however, balked from the first two offers because the board of directors did not believe either...
Kenorland Minerals Ltd. May 10 announced that it plans to carry out drilling and geophysics on its Tanacross and Healy mineral exploration projects in Alaska. In April, Kenorland announced that Antofagasta Minerals, a subsidiary of Chilean copper miner Antofagasta PLC, plans to invest US$3.8 million this year on exploration at the Tanacross porphyry copper-gold project in eastern Alaska. Last year, Antofagasta Minerals agreed to pay Kenorland an initial US$1 million and...
