The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 5 of 5
Ucore Rare Metals Inc. Feb. 3 reported assay results from the 2014 infill drill program at the Bokan-Dotson Ridge rare earth elements project in Southeast Alaska. Ucore said the resource confirmation drilling intersected the mineralized zone as expected, and with assay results consistent with those returned on prior programs. Of the 12 holes drilled, 10 cut significant mineralization. The company highlights the prevalence of intersections averaging more than 1 percent total...
WestMountain Gold Inc. Jan. 28 said it has begun operations at a new testing and processing facility in Anchorage. In addition to housing recovery and metallurgical testing equipment, this facility will serve as a staging area for the company's Terra gold project, located about 140 air miles to the northwest. WestMountain said it will use the facility in the coming months to process concentrate from last year's field season, providing some additional near-term cash flow. The...
A design flaw resulting from an inadequate understanding of the glacial lake sediments that formed a portion of the foundation on which the tailings dam at the Mount Polley mine located in south-central British Columbia was built caused the structure to collapse under its own weight, according to engineers tasked with finding out why the dam burst on Aug. 4. Mount Polley is an open pit copper-gold mine with a developing underground project. "The design did not take into...
Wellgreen Platinum Ltd. Jan. 2 said an updated preliminary economic assessment for Wellgreen strengthens the company's vision that the southwestern Yukon Territory project has the potential to become one of the largest and lowest-cost open pit platinum group metals-nickel mines in the world. The Wellgreen project is envisioned as a conventional open pit operation, with some selective higher grade underground mining. Milling would start at 25,000 metric tons per day for the...
With roughly US$150 million of working capital, Novagold Resources Inc. is among a rare few non-producing mining companies that has no need to squeeze money out of a market reluctant to dole funds to the mining sector. This has allowed management to focus on the task at hand - moving the 39-million-ounce Donlin Gold project through permitting to a development decision. "Our healthy financial position, with more than US$165 million in cash and term deposits, gives us...
