The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 11 of 11
As the year waned, Alaska's mining industry reported some of the last of its 2018 seasonal field results while the University of Alaska and state of Alaska released some current and projected state-wide economics. At the same time, some macro-economic data was released for the global mining industry. Combined, these figures show a mix of encouraging and not so encouraging trends facing the Alaska mining industry. At the global scale, things for the mining industry are looking...
Seabridge Gold Inc. Dec. 18 said it has encountered the hallmarks of a large copper-gold porphyry system at its Iskut project in northwestern British Columbia. "We acquired Iskut in 2016 because it showed clear evidence of a large porphyry system similar in age and geology to our KSM project 30 kilometers (19 miles) to the east," said Seabridge Gold Chairman and CEO Rudi Fronk. Quartz Rise was the first porphyry target at Iskut tested by Seabridge. Drilling carried out in...
Pretium Resources Inc. Dec. 14 said it has received the provincial permits needed to increase the amount of ore fed into the mill at its Brucejack gold mine in northern British Columbia by roughly 40 percent. The amended permits issued by two B.C. regulatory agencies – Ministry of Energy, Mines and Petroleum Resources; and Ministry of Environment and Climate Change Strategy – allows Pretium to increase the Brucejack Mine production rate to 1.387 million metric tons per yea...
Brixton Metals Corp. Dec. 19 announced that it has raised C$2.78 million for further exploration of Atlin Goldfields project in the Golden Triangle region of northwest British Columbia. The private placement financing involved the issuance of 4.9 million units at C15 cents each, with one unit consisting of a Brixton Metals share and one warrant, and 12 million flow-through shares at C17 each. Each warrant issue entitles the holder to acquire an additional Brixton share at...
Sabina Gold & Silver Corp. Dec. 21 reported that it has raised C$28.1 million, money that will be used to continue early mine development activities at the company's Back River gold project in Nunavut. The bought deal financing involved the issuance of 21.09 million Sabina shares at $1.20 each for C$25.31 million. This total includes 2.32 million being issued to Zhaojin International Mining Co., a China-based investor in Sabina that elected to exercise its participation right...
The American Exploration & Mining Association Dec. 19 announced that it honored Novagold Resources Inc. with the AEMA Platinum Award for Corporate Excellence at the association's 124th Annual Meeting in Spokane, Washington. The award was bestowed to Novagold for its part in designing the Donlin Gold project to incorporate a strong culture of safety, environmental stewardship, and community engagement with the potential to generate meaningful benefits throughout Alaska for...
Nighthawk Gold Corp. Dec. 20 provided an update on Tlicho all-season road, a new two-lane gravel highway that will bring year-round ground transportation roughly 90 kilometers (62 miles) closer to the company's Indin Lake gold property in Northwest Territories. The Tlicho Road will follow an existing winter road some 97 kilometers (60 miles) miles north from Highway 3 to the community of Whati. In late October, federal and territorial ministers approved the Mackenzie Valley...
Dominion Diamond Mines Dec. 13 said the largest known gem quality diamond ever found in North America was unearthed at Diavik, a mine in Northwest Territories owned 40 percent by Dominion and 60 percent by Rio Tinto. Weighing in at 552 carats, this yellow diamond is nearly triple the size of the next largest diamond recovered in North America, a 187.7 gem found at the same mine known as the Diavik Foxfire. The astonishing gemstone was uncovered while passing through the...
Constantine Metal Resources Ltd. Dec. 18 published a maiden mineral resource estimate for the AG Zone at the company's Palmer copper-zinc-lead-silver-gold project in Southeast Alaska. Since discovering AG Zone in 2017, Constantine has focused much of its drilling on this new resource area about 3,000 meters southwest of South Wall-RW, the primary volcanogenic massive sulfide deposit outlined so far at Palmer. This work has outlined a deposit that has increased the overall...
In addition to being a past producer and a future source of most of the 35 minerals and metals considered critical to the United States, Alaska currently contributes a globally significant amount of one of these vital metals – germanium. While not a widely known metal, germanium has optical qualities that make it an important ingredient in fiber-optics, infrared optics, electronics and solar energy systems. "The extensive use of germanium for military and commercial a...
Earlier this month the Environmental Protection Agency (EPA) and the Army Corps of Engineers (Corps) announced that they were proposing “a clear, understandable, and implementable definition of the waters of the United States that clarifies federal authority under the Clean Water Act.” Although the proposed regulations have not been published in the Federal Register quite yet, a 253-page prepublication version has been released on EPA’s website, and it is well worth the read....
