The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 9 of 9
Mountain Province Diamonds Inc. Jan. 29 announced a definitive agreement to acquire Kennady Diamonds Inc. under a friendly all-share deal worth roughly C$176 million. Kennady Diamonds owns Kennady North, a rapidly advancing diamond project about seven kilometers (4.5 miles) northeast of Gahcho Kué – a mine owned by Mountain Province (49 percent) and De Beers Canada (51 percent). Since being spun out of Mountain Province in 2012, Kennady has identified a series of diamond-rich...
Benz Mining Corp. Jan. 30 said it plans to complete 14,000 meters of drilling during its 2018 exploration and resource upgrade program at the Mel zinc-lead-barite project in southeastern Yukon. The Mel Main zone hosts 5.28 million metric tons of inferred resource averaging 6.51 percent zinc, 1.86 percent lead and 45 percent barite (BaSO4). The company is looking into the potential of marketing the barite, which is a major component and the weighting agent used in drilling mud...
Novagold Resources Inc. Jan. 25 said the federal permitting process for Donlin Gold is expected to be finalized in the third quarter of this year. In the meantime, the company and its equal partner in the project, Barrick Gold Corp., are completing optimization studies for this 39-million-ounce gold project in western Alaska. "All of us have been motivated not only to make sure we successfully complete the permitting process for Donlin Gold, but to lay a solid foundation from...
PolarX Ltd. Jan. 31 announced that it has staked 34 state mining claims to cover potential extensions of copper mineralization at its Alaska Range project. The roughly 60,000-acre Alaska Range project encompasses the Stellar copper-gold and adjacent Caribou Dome high-grade copper properties. The Senator copper prospect on the Caribou Dome side of the Alaska Range project was discovered through a soil sampling program carried out in 2016. This work outlined a roughly 5,000- by...
Riversgold Ltd. Feb. 1 announced that it has staked 52 state mining claims over the Gemuk Mountain gold prospect in the Kuskokwim Mountains of Southwest Alaska. These newly staked claims are along strike from the newly-formed Australia-based company’s Luna-Quicksilver gold project. Gemuk is near the intersection of the Denali-Farewell Fault, one of the major bounding structures of the Tintina Gold Belt, and North Fork Fault, a district-scale structure. The gold potential was first recognized at Gemuk during a district-wide s...
Seabridge Gold Inc. Jan. 31 said the results from the 2017 drill program at Iron Cap – one of four deposits that make up the company's KSM project in northwestern British Columbia – encountered long sections of copper-gold mineralization. The success of this drilling, coupled with the deposit's proximity to proposed mine infrastructure, has Seabridge considering the potential of mining Iron Cap ahead of the massive Mitchell and Kerr deposits. The four at KSM – Kerr, Sulph...
After investigating locations across the United States to host its first Strategic Metals Complex, or SMC, Ucore Rare Metals Inc. has decided that a Southeast Alaska town with a Pacific Rim port is the ideal place to build the cutting-edge rare earths processing facility. "Engineering and economic studies have confirmed that Ketchikan is our preferred location to construct our first strategic and critical metals separation facility," said Ucore Vice President of Operations...
Alaska Gov. Bill Walker Jan. 26 introduced legislation that would do away with the state's longstanding annual labor requirements to hold state mining claims, replacing the current system with increased rental rates. Under the proposed legislation, introduced to the Alaska Senate as S.B. 166, the new rental rate for prospecting sites would be a one-time fee of $300 for a two-year term. Rentals for mining leases and claims would be charged at a progressive rate based on the...
The U.S. Environmental Protection Agency's Jan. 26 decision to not lift its proposed restriction on Pebble does not prevent the world-class copper mine project from being thoroughly vetted under federal permitting process. While EPA has chosen to leave the 2014 pre-permitting restrictions it attempted to impose against Pebble on the table, these limits do not prohibit the permitting process. A federal judge ordered a stay on the implementation of EPA's proposed determination...
