The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 10 of 10
Graphite is among the 23 metals and minerals the U.S. Geological Survey deemed critical to "the national economy and national security of the United States" in a December report, "Critical Mineral Resources of the United States – Economic and Environmental Geology and Prospects for Future Supply." One of the reasons the USGS considers graphite critical is the growing demand of this mineral as anode material in the lithium-ion batteries that power electric vehicles and a r...
Sabina Gold & Silver Corp. Jan. 22 announced the closing of a C$66.1 million financing that involved Zhaojin International Mining Co. acquiring 24.93 million Sabina Gold shares at C$2.65 each. As a result of this investment, the China-based gold mining company owns roughly 9.9 percent of Sabina’s issued and outstanding common shares on a non-diluted basis. Zhaojin International is a subsidiary of Zhaojin Mining Industry Co., a leading Chinese gold producer and one of China’s largest gold smelting companies. Sabina will app...
North Arrow Minerals Inc. Jan. 22 reported that it has significantly expanded its Mel property in Nunavut to encompass a new diamond-bearing kimberlite field it discovered last year. During its 2017 exploration at Mel, North Arrow discovered ML-8 kimberlite near the up-ice termination of a well-defined kimberlite indicator mineral (KIM) train in the northern part of the project area. A 62.1-kilogram sample of this kimberlite returned 23 diamonds larger than the...
White Gold Corp. Jan. 19 reported that results from the final 13 holes drilled at its White Gold property in 2017 confirm the continuity of the Golden Saddle and Arc deposits, and indicate the gold potential beyond the current resource area. Since acquiring the White Gold property in June, the company completed 31 reverse circulation holes; four diamond drill holes; extensive geophysical and geochemical surveys; and detailed mapping across this iconic Yukon gold property....
Skeena Resources Ltd. Jan. 23 reported high-grade gold results from another nine underground holes drilled at its Snip project in the Golden Triangle region of northwestern British Columbia. The best hole, UG17-062, cut 3.82 meters averaging 91.56 grams (2.94 troy ounces) per metric ton gold and 5 meters averaging 8.71 g/t gold. Targeting a less densely drilled portion of the Upper Twin zone, the company said UG17-062 demonstrates the up-dip grade and geological continuity of...
High-grade underground gold mines have a lot of moving parts and ramping a new one up to commercial production is a period often interrupted by downtime as the operator finds things not working quite as well as planned. This has not been the case at Pretium Resources Inc.'s bonanza grade Brucejack gold mine in northwestern British Columbia. Achieving commercial production on July 1, the Brucejack Mine produced of 152,484 ounces of gold during the first six months of...
As we transition from 2017 into 2018, the weight of evidence pointing to a long-awaited mining industry up-tick is being trumpeted from every financial institution, brokerage house and mining pundit across the globe. For example, RBC Capital Markets' newly released "2018 New Year Preview" has this to say: "We are in the mid-stages of a stock market recovery and the early stages of an economic cycle recovery. Gold is already in a phase where it out-performs other financial...
With the holidays in the rear view mirror and the convention season half-way over, mining operators in Alaska, big and small, are processing their paperwork for the upcoming field season. The major properties work around the calendar, but when it comes to placer operations and exploration projects, the time for 2018 field season planning is at hand. All the signs are that 2018 will be the best season in five years. Although the stock market is rising steeply, the incremental...
CopperBank Resources Corp. Jan. 22 said a 3D radar model carried out by Auracle Geospatial Science Inc. has turned up some interesting new targets for the 2018 drill programs at the company's Pyramid and San Diego Bay copper-gold projects on the Alaska Peninsula. Auracle has developed a system that transforms geospatial data captured from satellites, drones, and aircraft into high-resolution visual information about the earth. By combining radar and optical satellite data,...
Freegold Ventures Ltd. Jan. 22 reported that results from its 2017 drill program at Shorty Creek continue to confirm the size potential of this large porphyry copper project in Interior Alaska. Highlights from the latest round of results was a 165-meter intercept in hole 17-05A that averaged 0.60 percent copper-equivalent, which includes the value of the copper, gold, silver and cobalt encountered. This hole was drilled at Hill 1835, a Shorty Creek target where the company...
