The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 10 of 10
Coeur Mining Inc. Feb. 18 reported that at the end of 2014 its Kensington Mine had 3.4 million tons of proven and probable reserves averaging 0.185 ounces per short ton (629,000 ozs) gold. Additionally, the Southeast Alaska mine had 1.57 million tons of measured and indicated resources averaging 0.185 oz/ton (382,000 ounces) gold; and 1.62 million tons of inferred resources averaging 0.351 oz/t (570,000 ozs) gold. The highest grades are found at Jualin where the company...
Graphite One Resources Inc. Feb. 17 reported that the final 10 holes of its 2014 drill program continue to encounter significant widths of near surface graphite mineralization along 700 meters of strike at its Graphite Creek property near Nome, Alaska. Highlights include: 42.81 meters of 6.27 percent graphitic carbon from a depth of 18.91 meters in hole 14GCH012; 24.56 meters of 6.76 percent graphitic carbon from a depth of 3.95 meters in hole 14GC020; and 38.8 meters of 7.8...
Constantine Metal Resources Ltd. Feb. 23 said it ended its fiscal year (Oct. 31) with C$587,481 in cash and working capital of C$470,841, compared with cash of C$181,557 and working capital of C$213,079 at the end of 2013. This increase is a result of the company generating more than C$663,000 from option earn-in and management fees, while reducing cash operating costs to about C$460,000. A record C$7.39 million was invested into Constantine's mineral exploration properties...
The U.S. Geological Survey Feb. 23 released new maps highlighting areas with potential for placer gold and five critical mineral deposit types in the U.S. Bureau of Land Management's Central Yukon Planning Area of central and northern Alaska. The maps were created using a geographic information system-based method for identifying areas with mineral resource potential across large regions. A new mapping method, developed in cooperation with the Alaska Division of Geological and...
American billionaires John Paulson, Seth Klarman and Thomas Kaplan have taken a keen interest in Alaska's next generation of gold and copper mines. While it is natural for hedge fund managers such as Paulson and Klarman, and resource investors such as Kaplan, to hold mining stocks in their portfolios, this trio holds major positions in three of the top Alaska-focused mineral exploration and development companies. In fact, the companies founded and managed by these...
Dominion Diamond Corp. Feb. 23 reported annual production results for the Ekati and Diavik diamond mines in Northwest Territories. For the year ending Jan. 31, the company's Ekati mine produced 3.16 million carats of diamonds from 4.13 million metric tons of ore averaging 0.76 carats per metric ton, a marked improvement over the 1.66 million carats of diamonds from 3.36 million metric tons averaging 0.49 c/t for 2013. Dominion Diamond's 40 percent share of the mine production...
Capstone Mining Corp. Feb. 17 reported that its Minto Mine in Yukon Territory produced 18,411 metric tons of copper in concentrates during 2014 at a C1 cash cost of US$2.33 per pound of payable copper. Surface mining at Minto was suspended at the end of the third quarter 2014 due to delays in receipt of a water use license amendment required for pre-stripping at Minto North. Fresh ore from underground mining was supplemented with stockpiled ore to feed the mill during the four...
Imperial Metals Corp. Feb. 17 reported commissioning of the mill at the Red Chris copper-gold mine in northwestern British Columbia is progressing well. Both the SAG and ball mill drive systems have been operated at 100 percent load factors. The flotation circuits and secondary regrind mill are now being commissioned with low-grade ore, resulting in the first production of copper concentrate at the province's newest mine. The company said mining of the East and Main zones is...
Canarc Resource Corp. Feb. 25 reported that a wholly owned subsidiary of Australia-based PanTerra Gold Ltd. has the option to earn 50 percent interest in Canarc's New Polaris gold mine by investing C$10 million in the Northwest Canada project over the next 2.5 years. Aimed at advancing New Polaris through feasibility and permitting, the agreement provides for Panterra to complete three stages of predevelopment activities that include drilling, metallurgical work,...
The Alaska Industrial Development and Export Authority is asking state lawmakers whether it should move ahead with the Ambler Mining District Industrial Access Road, a proposed 200-mile transportation corridor that would link the Ambler Mining District in Northwest Alaska, with the Dalton Highway to the east. This question comes under the auspice of Administrative Order No. 271, a temporary suspension of all "mega-projects" being funded by the state, signed by Gov. Bill...
