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
Skeena Resources Ltd. Feb. 11 announced strong gold and silver grades tapped during infill drilling in the 21A and 21E zones toward the southern end of the open pit resource at the Eskay Creek mine project in British Columbia's Golden Triangle. Over a 14-year span ending in 2008, an underground mine operated by Barrick Gold Corp. produced roughly 3.3 million ounces of gold and 160 million oz of silver averaging 45 grams per metric ton gold and 2,224 g/t silver, which at the...
Triumph Gold Corp. Feb. 11 announced the first updated mineral resource estimates for the Freegold Mountain gold-copper-silver project in the Yukon since the end of 2014. Over the years, Triumph has identified numerous near-surface porphyry gold-copper targets and deposits over a six-kilometer (3.7 miles) stretch of Freegold Mountain. The two most advanced deposits along this trend are Nucleus and Revenue. Nearly 15 kilometers (nine miles) southwest of Revenue lies Tinta, a...
Ucore Rare Metals Inc. Feb. 10 announced that the Alaska Industrial Development and Export Authority (AIDEA) has reaffirmed its interest in funding the Alaska Strategic Metals Complex, a rare earth element separation facility that Ucore Rare Metals is planning to develop near Ketchikan, Alaska, and an eventual mine at the nearby Bokan Mountain REE project. Created by the Alaska Legislature in 1967, AIDEA is the development finance arm of the state of Alaska. This authority...
Pretium Resources Inc. Jan. 12 announced that the Brucejack Mine in northwestern British Columbia produced 354,405 ounces of gold last year at an all-in sustaining cost (AISC) of US$888/oz of gold sold. As a result of these better than expected results, the mine generated US$184.2 million and Pretium was able to lower its debt by US$180.4 million over the course of 2019. "In 2019, we beat the upper end of our revised gold production guidance and the lower end of our AISC...
Redstar Gold Corp. Jan. 10 published a maiden industry-compliant resource for the SH-1 zone, formerly known as the Shumagin zone, on its Unga gold project on the Alaska Peninsula. The Unga project covers roughly 93 square miles (240 square kilometers) of two islands south of the Alaska Peninsula, Unga and Popof, that has long been known for its high-grade gold. The Apollo and adjacent Sitka mines, established on Unga Island in 1886, produced roughly 150,000 ounces of gold from...
The executive summary of the Preliminary Final Environmental Impact Statement (PFEIS) for the Pebble copper-gold mine project in Southwest Alaska was leaked to select media outlets earlier this week, providing an early look at this draft document not yet ready for public release. U.S. Army Corps of Engineers (USACE), the federal agency charged with leading the EIS process for Pebble, last week sent the PFEIS to federal, state and tribal cooperating agencies for review. E&E New...
South32 Ltd. and Trilogy Metals Inc. Feb. 11 announced the finalization of a joint venture to advance exploration and development of the Upper Kobuk Mineral Projects in the Ambler Mining District of Northwest Alaska. Australia-based South32 has contributed US$145 million to fund this new JV named Ambler Metals LLC and Canada-based Trilogy provided the 426,690-acre Upper Kobuk Mineral Projects (UKMP) to the new JV owned equally by the two companies. The funds contributed by...
At just over 200,000 ounces, the 2019 gold production at Fort Knox Mine is the lowest in the 24-year history of this open pit operation a few miles north of Fairbanks, Alaska. The good news is there are indications that gold output will trend higher during 2020. In its end of 2019 results, released on Feb. 12, Kinross Gold Corp. reported a nearly 22 percent drop in gold produced at its Fort Knox mine during 2019, when compared to the previous year. This operation about 25...
