The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 13 of 13
On Feb. 22, 2022, Teck Resources Ltd.'s Red Dog Mine in Northwest Alaska became the largest critical minerals operation in the United States, both in terms of quantity and value of the materials produced at this world-class base, precious, and critical minerals operation. Being catapulted to America's top dog when it comes to critical minerals production is not due to the germanium produced, though this semiconductor metal vital to ultrafast computing and communications is...
Seabridge Gold Inc. March 1 announced that its wholly-owned subsidiary, KSM Mining ULC, has signed an agreement with British Columbia Hydro and Power Authority to supply the world-class KSM copper-gold-silver project with hydroelectricity. Under this agreement, KSM will connect to BC Hydro's existing Northwest Transmission Line at a switching station located where KSM's Treaty Creek access road meets Highway 37. KSM Mining has already completed the design for a 30-kilometer...
Nova Minerals Ltd. Feb. 28 announced the completion of a scoping study that provides a first glimpse of the economics and parameters of developing a mine at the Korbel Main deposit on the company's Estelle gold property in Alaska. "The company is pleased to announce the strong, positive results of the scoping study which was focused on Korbel Main only to determine whether the resource defined at the deposit to date can support a potentially viable stand-alone starter...
Seabridge Gold Inc. Feb. 26 announced that it has secured US$225 million (C$285 million) to advance its world-class KSM copper-gold-silver project in British Columbia's Golden Triangle to the status of "substantially started." Sprott Resource Streaming and Royalty Corp. ("Sprott") and Ontario Teachers' Pension Plan have agreed to purchase a US$225 secured note from KSM Mining ULC, a Seabridge subsidiary, that these investors can exchange for a 60% gross silver royalty for the...
Victoria Gold Corp. Feb. 28 announced assay results from its 2021 Dublin Gulch exploration program at the Raven gold target about 13 kilometers (eight miles) east of the Eagle Mine, with news quickly following on results from the Lynx target returning results as well. Discovered with soil sampling and trenching in 2018, Raven is a large, near-surface gold target associated with Nugget, the second-largest known intrusive body on the Dublin Gulch property. Trenching in 2018 and...
Deeply concerned about the loss of life and destruction being caused by Russia's invasion of Ukraine, Kinross Gold Corp. has decided to suspend all activities at its gold projects in the Russian Far East. Kinross' Kupol Mine in the Chukotka region of eastern Russia produced 481,108 ounces of gold-equivalent, which includes the value of both the gold and silver produced, during 2021. This one mine accounted for roughly 23% of the gold-equivalent oz produced by the company last...
With intercepts such as 19 meters averaging 18.23 grams per metric ton gold, the final batch of drill results from the 2021 program at Donlin Gold continue to show the strength of mineralization of the 39-million-ounce gold deposit and set the stage for the largest program at the world-class mine project in more than a decade. Being advanced toward a production decision by Donlin Gold LLC – a joint venture owned equally by Novagold Resources Inc. and Barrick Gold Corp. – thi...
This past week the Biden Administration released a document ineptly entitled "Fundamental Principles for Domestic Mining Reform." It would have been more accurately called "Eleven Ways to End Mining in America." It is not difficult to understand why an East Coast boy from Delaware (or maybe Scranton) would have no affinity with the American mining industry. Among other things, Mr. Biden probably could not identify three distinctions between a jackleg and a jackass, other than...
President and CEO of ATAC Resources Ltd. Graham Downs recently issued a letter to shareholders that reviews the company's portfolio of mineral exploration projects and outlines plans for 2022, including its goals for its flagship property, the Rackla Gold property in the Yukon. "The last two years have provided obvious challenges. However, during this time we have been very active advancing our copper-gold projects and conducting numerous comprehensive property evaluations,...
With diamond prices climbing while global production is expected to remain flat through 2027, the outlook for diamond explorer North Arrow Minerals Inc. is shining bright. The company Feb. 22 reported progress at its projects across Canada, including work undertaken in 2021 at its advanced diamond project in Nunavut. North Arrow said processing of a 2,000-metric ton bulk sample extracted in 2021 from its Naujaat diamond project located on the Melville Peninsula is about...
GoldMining Inc. Feb. 28 announced the creation of a new subsidiary, U.S. GoldMining Inc., to advance the company's Whistler copper-gold-silver project adjacent to Nova Minerals Ltd.'s Estelle gold project in Alaska. The Whistler, Raintree West, and Island Mountain deposits on the roughly 42,000-acre Whistler property host 118.2 million metric tons of indicated resource averaging 0.51 grams per metric ton (1.94 million ounces) gold, 2.19 g/t (8.3 million oz) silver, and 0.16%...
Avidian Gold Corp. Feb. 28 announced an update from the Copper King and Long Creek 2021 reverse-circulation drill program at its district-scale Golden Zone project strategically located in Southcentral Alaska. "The 2021 drilling results suggest that in the Copper King & Long Creek area, a nearby mineralized intrusive provided gold, copper and silver-bearing solutions that precipitated into favourable permeable sedimentary units that can be traced for over 2 kilometers and...
Roughly a 90-minute drive from Anchorage, it can be easy to miss Willow as one makes their way northbound. The view of Denali on the horizon, perhaps a visit to the Princess Lodge or a journey to Fairbanks. Even many lifelong residents may miss it for the more scenic destinations such as Talkeetna, yet the short blip that is Willow used to mean a lot more than buying fireworks. From 201 residents at the start of the new millennia to 190 in 2020, not much has changed in the...
