The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 601 - 625 of 3583
American West Metals Ltd. March 30 announced that it is mobilizing for an April start of the 2023 exploration program on its Storm Copper project on Somerset Island in Northern Nunavut. Since optioning the project from Aston Bay Holdings Ltd. in 2021, American West has been systematically exploring the high-grade, near-surface copper and deeper stratabound sedimentary hosted copper on this property. This year, the company plans to complete up to 10,000 meters of reverse circul...
White Gold Corp. April 5 announced that it has identified two large copper-molybdenum porphyry targets on its Pedlar and Hayes properties in the southern portion of the company's 350,000-hectare (865,000 acres) land package in the Yukon. "Our primary exploration focus is discovering new orogenic gold deposits in the White Gold District and growing our existing gold resources. However, the Yukon is rich in various other metals which is also the case in our large land package,"...
Victoria Gold Corp. April 5 announced that it produced 37,619 ounces of gold during the first quarter of 2023 operations at its Eagle Mine in the Yukon, a nearly 55% increase over the 24,358 oz produced during the first three months of last year. "This was the best Q1 performance for the Eagle Gold Mine since operations commenced with strong gold production and ore tonnage stacked on the heap leach pad," said Victoria Gold President and CEO John McConnell. Since pouring the...
Contango ORE Inc. March 20 announced that it has entered into an agreement with two financial institutions to arrange a US$70 million loan to help fund the company's portion of expenses to reach the first gold pour at the Manh Choh Mine project in Alaska. Being advanced by Peak Gold Joint Venture, owned 70% by Kinross Gold Corp. and 30% by Contango, the Manh Choh Mine is expected to produce roughly 1 million gold-equivalent oz, which includes the value of both the gold and...
Extending Alaska's limited road network 100 miles northwest from the Port MacKenzie area near Anchorage into the West Susitna area would open up a new area for Alaskans to visit the great outdoors, provide highway access to this mineral-rich region, and create a new revenue stream for the state, according to an independent economic study carried out by McKinley Research Group. "The West Susitna Road is important for local residents and gaining fair access to hunting, fishing,...
Board approves large budget for pre-development work on road to Alaska area rich in critical metals. Based on a directive made by Congress more than 40 years ago and its own mission to promote economic growth and diversity in Alaska, the Alaska Industrial Development and Export Authority board of directors has approved $44.8 million to advance pre-development work on the Ambler Road project in Northwest Alaska. "Thanks to the AIDEA Board of Directors for authorizing the 2023...
Has firsthand look at development of potential low-cost power solution for rural Alaska areas. A vast landscape dotted with rural communities far from any centralized electrical grid and little to no sunshine during the cold winter days when energy is needed most, Alaska offers some unique challenges when it comes to delivering affordable low-carbon power to residents and businesses. "We have more microgrids than anywhere else in the country, perhaps, possibly, the world,"...
Fortune Minerals Ltd. March 23 reported that it is in discussion with the Canadian, United States, and European Union governments to secure financial support for the development of the company's Nico cobalt-bismuth-copper-gold project in Canada's Northwest Territories. Located about 150 road-kilometers (95 miles) north of the Canadian rail system at Hay River, NWT, Nico is a near-development stage project that includes an intriguing mix of critical and precious metals....
Vital Metals CEO resigns after just 4 months; Ucore adds former Vital top executive to its growing team. With former Vital Metals Ltd. Managing Director Geoff Atkins joining the team at Ucore Rare Metals Inc. and John Dorward tendering his resignation as director and CEO of Vital, this week saw a carousel of executive changes at rare earths companies with ties to the North of 60 Mining area. Under Atkins' leadership, Vital transformed the Nechalacho deposit in Northwest...
Updated resource sets stage for next level of expansion at largest graphite deposit in the US. With only 2,150 meters of drilling carried out during 2022, Graphite One Inc. expanded the quantity of graphite contained within the measured and indicated resources at its Graphite Creek deposit in western Alaska by 13%. Located about 35 miles (60 kilometers) north of the legendary gold mining town of Nome, Graphite Creek now hosts 37.6 million metric tons of measured and indicated...
Minto Metals Corp. March 16 announced that it will not be shipping Minto Mine copper concentrate through the ore terminal in the Southeast Alaska port town of Skagway for at least the next two years. Concentrates enriched with copper, gold, and silver produced at Minto have been shipped out of Skagway since the 2007 start of production at the Yukon mine. The Skagway Ore Terminal, which is only about 110 miles (175 kilometers) south of the Yukon capital city of Whitehorse and...
SPC Nickel Corp. March 28 announced a major expansion of its Muskox nickel-copper-platinum group metal project in Nunavut. Under an option agreement with Bathurst Metals Corp., SPC has the right to acquire full ownership of the McGregor Lake and Speers Lake properties, which cover roughly 178.4 square kilometers (68.9 square miles) of the Muskox intrusion in the Kitikmeot region of western Nunavut. These new properties consolidate SPC's land position over the Muskox...
Snowline Gold Corp. March 28 announced the closing of C$19.16 million (US$14.1 million) financing that involved B2Gold Corp. buying a 5% interest in the Yukon-focused gold explorer through the purchase of 3.94 million flow-through shares at C$4.86 per share. "B2Gold is a major global gold producer with a strong track record of growth built on a demonstrated commitment to communities, sustainable mining and employee safety," Snowline Gold CEO Scott Berdahl said earlier this...
North Arrow Minerals Inc. March 30 reported that its ongoing data review has identified eight lithium targets on its newly acquired DeStaffany project in Northwest Territories. Acquired by North Arrow in January, DeStaffany is an early exploration project about 18 kilometers (11 miles) northeast of Vital Metals Ltd.'s Nechalacho rare earths mine that hosts two known lithium-tantalum-niobium bearing pegmatites – Moose 1 and Moose 2 – with some historical prospecting and sam...
The Taku River Tlingit First Nation and Canagold Resources Ltd. March 29 announced that they have entered into a historic agreement that establishes a framework for a long-term cooperative and mutually respectful working relationship between the parties in support of Canagold's efforts to advance exploration and permitting activities at the New Polaris gold project on the Tulsequah River in Northern British Columbia. "Taku River Tlingit First Nation (TRTFN) is leading the way...
Agrees to $136M deal to acquire full ownership of Northern Canada diamond mine. Toward its goal of building a balanced portfolio of the world's best diamond projects in favorable jurisdictions, Australia-based Burgundy Diamond Mines has agreed to pay US$136 million (A$209 million) to acquire full ownership of Arctic Canadian Diamond Company Ltd.'s world-class Ekati Diamond Mine and other interests in Canada's Northwest Territories. "This is an exciting and transformational...
Li-FT Power Ltd. March 22 announced that it has raised C$35 million (US$25.5 million) for exploration of its lithium properties in Canada, including the company's flagship Yellowknife Lithium project in Northwest Territories. Li-FT is a new junior exploration company formed early last year to explore and develop projects for hardrock lithium, which is in high demand for the batteries powering electric vehicles. After picking up some promising projects in Quebec, the company ac...
Mountain Province Diamonds Inc. March 23 reported that strong diamond prices during 2022 resulted in the company's highest-ever annual revenue from the Gahcho Kué Mine in Canada's Northwest Territories. Owned under a joint venture between Mountain Province (49%) and De Beers Canada Inc. (51%), Gahcho Kué produced 5.52 million carats of diamonds during 2022. While this is a 12% drop from the 6.23 million carats produced during 2021, higher diamond values last year more than m...
Copper Fox Metals Inc. March 2 outlined a C$17.2 million (US$12.5 million) program for its Schaft Creek copper-gold-molybdenum-silver project in Northern British Columbia that will include 9,000 meters of geotechnical and metallurgical drilling, along with environmental baseline studies and engagement with the Tahltan First Nation. "The emphasis in 2023 will be to advance the Schaft Creek project by augmenting the metallurgical, geotechnical, and environmental data while align...
Nova Minerals Ltd. March 9 announced wide gold intercepts from the first ever drilling at Cathedral, a discovery about 1,500 meters southwest of the 8.1-million-ounce Korbel Main gold deposit on the company's Estelle property in Alaska. Reconnaissance exploration at Cathedral target in 2020 included sampling of outcropping quartz-arsenopyrite veining that returned grades as high as 114 grams per metric ton gold. Five other samples collected from this highly prospective target...
Northern Star Resources Ltd. March 15 announced a roughly six-week shutdown for unscheduled repairs at its Pogo gold mine in Alaska. Toward the end of a routine mill shutdown that began last week, the Pogo team discovered damage to the ball mill motor, which tripped during restart. Work has begun on the ball mill motor, but Northern Star anticipates it will take up to six weeks to complete the repairs. Due to the extended downtime, the company expects gold output from the...
Jaxon Mining Inc. March 15 announced plans to explore the high-grade antimony potential of its Kispiox Mountain and Blunt Mountain projects in Northern British Columbia. Two claim groups that are part of Jaxon's larger Hazelton land package about 30 miles (45 kilometers) north of Smithers, BC, Kispiox Mountain and Blunt Mountain, are early-stage exploration projects that both host outcropping zones of high-grade antimony mineralization with associated silver, gold, zinc, and...
Newcrest Mining Ltd. and Imperial Metals Corp. March 13 announced that the East Ridge exploration target at the Red Chris copper-gold mine in Northern British Columbia is shaping up to be substantially larger than originally envisioned. Based on drilling completed up to mid-2022, Newcrest estimated that East Ridge could host up to 170 million metric tons of resource averaging 0.5% (2 billion pounds) copper and 0.5 grams per metric ton (2.8 million ounces) gold on the low end,...
Benchmark Metals Inc. March 7 announced plans for a 20,000-meter drill program targeting high-grade gold-silver mineralization extending below the Cliff Creek and Dukes Ridge gold-silver deposits on the company's Lawyers project in Northern British Columbia. "The deposits remain open for additional resource growth with high-grade gold and silver mineralization below the existing deposits," said Benchmark Metals CEO John Williamson. A preliminary economic assessment completed...
StrategX Elements Corp. March 7 announced that it has added graphite to the impressive suite of energy transition metals identified at its Nagvaak project on Nunavut's Melville Peninsula. Nagvaak features a 6,000-meter-long zone with strong vanadium, nickel, copper, cobalt, molybdenum, zinc, platinum group metals, silver, and now graphite mineralization. "We are excited to add graphite to our energy transition metals portfolio," said StrategX Elements CEO Darren Bahrey. "Our...
