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...
Precious stone mines saw some shuffling in Canada's North with Burgundy Diamond Mines Ltd.'s acquisition of the Ekati diamond mine. Already a 40% partner with North Arrow Minerals Inc. at the Naujaat diamond project in Nunavut, Burgundy closed its buyout of Arctic Canadian Diamond Company Ltd. on July 4, which gave the Australian diamond company full ownership of the world-class Ekati Mine and significantly elevating its efforts to deliver high-end cut and polished diamonds...
Calculating a new resource for Niblack, growing its management, organizing talks of a centralized mill in Northern British Columbia, and drilling bonanza-grade gold at its first Golden Triangle project on the British Columbia side of the border, last year's hunt was plentiful for Blackwolf Copper and Gold Ltd. Early last year, Blackwolf announced an agreement with Dolly Varden Silver Corp. and New Moly LLC to explore the possibility of building a centralized mill on New...
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...
Rebounding from setbacks during 2022, Grande Portage Resources Ltd. enlisted the help from a heavyweight to aid in its drilling and recoup lost time that would position the company back on track toward expanding the high-grade resources at its Herbert Gold project in Southeast Alaska. Located 25 kilometers (16 miles) north of Juneau, the Herbert Gold project is an exploration stage, high-grade, gold-mineralized mesothermal quartz vein system in the historic Juneau Gold Belt....
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...
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...
Reading the tea leaves years ahead of many other investors, one junior is bringing its late-stage base and platinum group metals project in central Nunavut to the forefront of mineral exploration in northern Canada. Focusing on metals critical for clean-energy, electric vehicles, batteries, and high-tech industries, Canadian North Resources Inc. has quietly advanced the Ferguson Lake project for the past decade. The project covers nearly 254 square kilometers (98 square...
With another fruitful year of systematic drilling, a stressful wildfire, the successful expansion of its resources swelling to more than six million ounces, and the accomplishment of a several-year-long goal of connecting two of its more advanced-exploration deposits, Banyan Gold Corp. has shown that persistence is a key ingredient to a successful exploration project. Located about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Gold Mine and adjacent to Hecla...
Instead of resting on its laurels, Fireweed Metals Corp. aimed for 2023 to be a year that outshined its previous exploration success. With its largest drill program ever at the Macmillan Pass zinc project in the Yukon, the company outdid itself at each turn of the drill and with each intercept received. Add on a mineral resource estimate for the newly dubbed largest known high-grade tungsten deposit in the world, and Fireweed had its most exceptional year ever. Fireweed's...
Once home to a powerhouse of a copper mine, Gladiator Metals Corp. has rekindled a legacy of exploration in the Whitehorse Copper Belt, testing its mettle in an area that formerly produced roughly 267.5 million pounds of copper, 225,000 ounces of gold and 2.84 million oz of silver between 1967 and 1982. Simply named Whitehorse Copper, this 5,380-hectare (13,294 acres) copper-molybdenum-silver-gold skarn project covers a significant portion of the region from which it derives...
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...
Upon gaining ownership of the Back River gold project in Nunavut through the roughly C$1.1 billion (US$820 million) buyout of Sabina Gold & Silver Corp., B2Gold Corp. established itself as the next largest gold producer in Canada's North. With the acquisition of Sabina, B2Gold has gained a derisked mine project on track to pour its first gold early in 2025, as well as a district-scale land package with enormous potential to support decades of production in Nunavut. "We are...
In a win-win deal for both parties, Hecla Mining Company bought out ATAC Resources Corp., keeping two precious metals enriched Yukon exploration properties in its own portfolio and spinning a portfolio of more copper forward assets previously held by ATAC into Cascadia Minerals Ltd. ATAC's extensive portfolio of mineral exploration projects in the Yukon and Northern British Columbia were anchored by Rackla Gold, a massive 170,000-hectare (420,000 acres) land package divided...
