The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 8 of 8
Though lower metals prices weighed on the value of Alaska’s mining sector, the production of minerals, not including coal and oil, in the 49th State topped US$3 billion for the sixth year running. According to the United States Geological Survey’s annual report, “Mineral Commodity Summaries 2016,” Alaska mines produced roughly US$3.09 billion worth of non-fuel minerals during 2015. This reflects roughly a 12 percent decrease compared with the US$3.51 billion that USGS reporte...
Novagold Resources Inc. Jan. 28 reported year-end 2015 financial results and provided project updates for its 50 percent-owned Donlin Gold and Galore Creek projects. Novagold's highlight for the year was the publishing of a draft environmental impact statement for the Donlin Gold project. "Our most important achievement in 2015 was the publication of the Donlin Gold draft EIS, a major milestone in the permitting process for the project," said Novagold President and CEO Greg...
WestMountain Gold Inc. Feb. 1 filed an operation plan that projects its Terra gold project will produce an estimated 5,600 ounces of gold bullion from roughly 3,600 short tons of ore processed by the mill and gravity recovery plant at the southwestern Alaska mine in 2016. The company plans to start its mill June 1 and operate for 122 days through Sept. 30. The plans include processing roughly 30 tons of material a day, or slightly more than double the 14.46 tons per day...
Millrock Resources Inc. Jan. 29 reported that partnership agreements on its Alaska Peninsula and Estelle copper-gold exploration properties in Alaska have been allowed to lapse. After reviewing the results from the first round of drilling, First Quantum Minerals has elected not to renew its option to acquire a joint venture interest in the Alaska Peninsula property. No mineralization of significance was discovered in drilling at the Mallard Duck Bay prospect. Mineralization...
Aston Bay Holdings Ltd. Jan. 28 reported that a Canadian subsidiary of BHP Billiton Ltd. has entered into a tentative agreement to collaborate on exploration of the Storm copper project in Nunavut. Under terms of a letter of intent signed by the companies, BHP Billiton can earn a 75 percent interest in Storm, by investing at least C$40 million on exploration at the project within nine years, including a minimum of C$2.5 million over the first two years. "This new partnership...
TerraX Minerals Inc. Feb. 2 reported the start of a 6,500-meter winter drill program at its Yellowknife City Gold project in the Northwest Territories. Drilling is underway on the Mispickel target on the Walsh Lake property, a sulfide replacement-quartz vein target that has never been drilled. TerraX developed Mispickel by sampling historical trenches running across strike of this sulphide-quartz vein zone. Highlights from the work include six meters averaging 7.29 grams per...
Banyan Gold Corp. Feb. 1 said Mark Haywood has been appointed the exploration company's president, chief executive officer and director. Haywood holds degrees in both mining engineering and law, and has an extensive career at underground and open-pit mining projects across North America, Africa, South America and Australasia from working at the mine face, through to building and managing large-scale mining operations as either Chief Mining Engineer or Mine Manager. "We are...
Nearly three weeks after Teck Alaska, operator of the Red Dog Mine in northwest Alaska, sued the Northwest Arctic Borough over a steep tax hike implemented at the beginning of the year, the chasm between the two sides seems to have only widened. In preparation for its plans to "aggressively pursue a satisfactory legal resolution" to the charges brought by Teck, Northwest Arctic Borough has released information outlining its perspective on the argument. In a Jan. 26 statement,...
