Stories from December, 2024
Stories from December, 2024
Ambler Road, other natural resource projects are at the top of governor's priorities to reverse a "four-year assault on Alaska." Reversing the Biden administration's decision to revoke permits required to build a road to the Ambler Mining District is high on a list of Alaska priorities that Gov. Mike Dunleavy sent to President-elect Donald Trump and his transition team. The 28-page "Alaska Priorities for Federal Transition" report sent to the incoming presidential team... Full story
DOD and NRCan co-invest in advancing company's Mactung tungsten mine project and upgrades to infrastructure in eastern Yukon. In a strategic bid to establish secure and reliable North American supplies of minerals critical to defense and the broader economy, the U.S. Department of Defense and Canadian government are jointly investing up to US$27.3 million (C$35.4 million) to aid Fireweed Metals Corp. in advancing the Mactung tungsten mine project in eastern Yukon toward a... Full story
117% expansion of indicated resources provides foundation for DSO mine at high-grade copper project in Nunavut. In another large step toward its goal of establishing a low-cost mining operation capable of directly shipping high-grade ore from Storm Copper to global markets, American West Metals Ltd. reported a major expansion of the Australian Joint Ore Reserves Committee- (JORC) compliant resources at its project in Nunavut. "The updated JORC-compliant MRE (mineral resource... Full story
Company strengthens its position as the leading lithium explorer in Northwest Territories. In a move set to reshape the lithium landscape in Canada's North, Li-FT Power Ltd. has entered into a definitive agreement with North Arrow Minerals Inc. to acquire the DeStaffany, LDG, and MacKay lithium projects, positioning itself at the forefront of exploration for the clean energy transition metal in Northwest Territories. "The acquisition of North Arrow's lithium portfolio... Full story
Third batch of ore processed elevates company's 2024 total to $40.5 million for 42,000 oz of gold from Alaska mine. Contango Ore Inc. Dec. 19 received a cash payment of $9 million for the profits from its 30% share of the gold and silver recovered during the processing of the third batch of ore from Manh Choh Mine. Under the Peak Gold Joint Venture between Kinross (70%) and Contango (30%), high-grade ore mined at Manh Choh Mine is trucked roughly 240 miles to be processed... Full story
Drills cut strong silver, zinc, lead, and critical minerals beyond the current deposits; property-wide exploration indicates larger potential. Coeur Mining Inc. Dec. 18 reported that the 20,827-meter drill program carried out at Silvertip this year has more than doubled the strike length of the Southern Silver Zone deposit at this advanced-stage exploration project in Northern British Columbia. Silvertip had just begun operations when Coeur bought the project in 2017. The... Full story
Bulk sample permit allows company to advance mine development; unlocks next level of funding. Skeena Resources Ltd. Dec. 16 announced that the British Columbia Ministry of Mining and Critical Minerals has approved a permit for the company to extract a 10,000-metric-ton bulk sample at Eskay Creek, an authorization that keeps development of the Northern British Columbia gold-silver mine project on track for production as early as 2027. "The receipt of the Bulk Technical Sample... Full story
2024 drilling reveals untapped copper zones across Arctic Chief Trend. Gladiator Metals Corp. Dec. 16 announced promising drill results from its maiden exploration program along the Arctic Chief Trend in Yukon, Canada, revealing significant copper-gold mineralization across two key prospects and a newly recognized mineralization style that could reshape exploration efforts across the company's Whitehorse Copper project. Located just outside of Yukon's capital city, the... Full story
Wide intercepts at margins of deposit show consistent gold mineralization. Snowline Gold Corp. Dec. 19 announced the next batch of drill results from its 2024 exploration program at Valley on the company's Rogue property in Yukon, Canada, highlighting more consistent gold mineralization and reinforcing the potential of the deposit for expansion along its edges and toward an updated resource estimate. "Today's results highlight the robust nature and scale of mineralization at... Full story
Latest results reveal further potential for resource expansion at Macpass. Fireweed Metals Corp. Dec. 12 announced results from 15 drill holes at Boundary Zone and nine exploration holes at its Macpass Project in Yukon, Canada, with highlights including high-grade zinc, lead, and silver mineralization. Concluding earlier this fall, the 2024 drill program extended beyond the initial 14,000-meter plan, completing more than 17,000 meters across 49 holes. Designed to expand... Full story
Confirm a zone of higher-grade mineralization above the large porphyry copper-gold-silver-molybdenum porphyry. Brixton Metals Corp. Dec. 9 reported the discovery of a high-grade gold zone within the large and copper-dominant Camp Creek porphyry on its Thorn project in Northern British Columbia. Located about 55 miles (90 kilometers) northwest of Juneau, Alaska, Thorn is a 2,945-square-kilometer (1,137 square miles) property that is best known for the up to one-mile-long... Full story
Drill taps nine meters of nearly one ounce per ton gold in Bonanza Zone; adjustment for abundant VG slows assay returns. Goliath Resources Ltd. Dec. 12 reported a one-meter intercept averaging 225 grams per metric ton gold and 88.9 g/t silver in the aptly named Bonanza Zone on the company's Golddigger project at that southern tip of British Columbia's Golden Triangle. Drilling completed by Goliath over the previous three seasons outlined three interrelated high-grade gold... Full story
Drilling uncovers surprising skarn-like copper-gold, nickel-platinum zones. GT Resources Inc. Dec. 10 announced the final drill results from its 2024 exploration at the Canalask nickel-copper project in Yukon, Canada, reporting the discovery of skarn-like copper-gold mineralization and confirming the potential for more extensive mineralization on the property. Formerly Palladium One Mining Inc., GT Resources underwent a rebranding to better reflect a new focus on metals... Full story
