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
Graphite One Resources Inc. Feb. 6 said it has struck an agreement to extend its deadline to buy a 2 percent net smelter return royalty applicable to 28 of its Graphite Creek mining claims. Pursuant to the original agreement with the vendor of the claims, Cedar Mountain Exploration (Alaska) Inc., a wholly owned subsidiary of Graphite One, had the right to purchase the royalty by Jan. 24, 2015 for C$1 million. Under a new agreement, the royalty purchase option may now be exercised until Jan. 24, 2017, or six months after the...
SpectrumDNA Inc. Feb. 4 reported the signing of a non-binding letter of intent to acquire full ownership of Cannon Resources, a placer gold mining operation located on 173 State of Alaska mining claims in the Bonnifield Mining District, roughly 50 air miles south of Fairbanks. According to SpectrumDNA, Cannon has produced 12,479 troy ounces of gold at costs ranging from $450-$670 an ounce since initiating production on the claims during the 2011 mining season. Assets to be acquired include a 40-person mining camp; four...
The Governor has stripped the state's Public Access Assertion and Defense Unit from the fiscal 2015 budget, potentially jeopardizing several programs critical to resources development in Alaska. Access to remote locations has long been a critical issue, first due to a lack of infrastructure, then due to the manpower demands of two World Wars in the Twentieth Century. Ultimately, as metals prices began to build, and funding for exploration became available, vast treasures were...
Imperial Metals Corp. Feb. 6 reported that commissioning is underway at the Red Chris gold-copper mine in northwestern British Columbia. The company Feb. 2 received approvals needed to start up the processing plant at Red Chris and began testing the grinding circuit Feb. 3. Mining in both East and Main zones continues, providing a selection of ore styles for mill optimization. Imperial said it is continuing to work closely with the Tahltan First Nation, whose cooperation has been instrumental in construction of Red Chris....
NovaCopper Inc. plans to invest roughly US$20 million over the next two to three years on finalizing a feasibility study for its Arctic deposit, the next step toward the exploration company's vision of developing mines at the world-class copper projects found in the Ambler Mining District of Northwest Alaska. Arctic is the most advanced of the Upper Kobuk Mineral Projects, a venture formed by NovaCopper and NANA Corp., the Alaska Native regional corporation that represents the...
