The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 9 of 9
Grande Portage Resources Ltd. March 15 announced it has signed a drilling agreement with NASCO Industrial Services and Supply for its upcoming 2023 diamond drill program at the Herbert Gold project in Southeast Alaska. Hoping to make up for its 2022 program, Grande Portage has shifted its most prospective targets planned from the year before to this year. "Our 2022 began late due to unforeseen contractor and supply chain delays," Grande Portage Resources President and CEO Ian...
Updated resource sets stage for next level of expansion at largest graphite deposit in the US. With only 2,150 meters of drilling carried out during 2022, Graphite One Inc. expanded the quantity of graphite contained within the measured and indicated resources at its Graphite Creek deposit in western Alaska by 13%. Located about 35 miles (60 kilometers) north of the legendary gold mining town of Nome, Graphite Creek now hosts 37.6 million metric tons of measured and indicated...
Minto Metals Corp. March 16 announced that it will not be shipping Minto Mine copper concentrate through the ore terminal in the Southeast Alaska port town of Skagway for at least the next two years. Concentrates enriched with copper, gold, and silver produced at Minto have been shipped out of Skagway since the 2007 start of production at the Yukon mine. The Skagway Ore Terminal, which is only about 110 miles (175 kilometers) south of the Yukon capital city of Whitehorse and...
Snowline Gold Corp. March 14 announced that B2Gold Corp. is making a strategic investment of just over C$19 million in the Yukon-focused exploration company by purchasing nearly four million Snowline shares. "We are excited to welcome B2Gold as a growth-focused, long-term, value-driven investor," said Snowline Gold CEO Scott Berdahl. "B2Gold is a major global gold producer with a strong track record of growth built on a demonstrated commitment to communities, sustainable...
Agrees to $136M deal to acquire full ownership of Northern Canada diamond mine. Toward its goal of building a balanced portfolio of the world's best diamond projects in favorable jurisdictions, Australia-based Burgundy Diamond Mines has agreed to pay US$136 million (A$209 million) to acquire full ownership of Arctic Canadian Diamond Company Ltd.'s world-class Ekati Diamond Mine and other interests in Canada's Northwest Territories. "This is an exciting and transformational...
ATAC Resources Ltd. March 14 announced that it has extended the effective period of the letter of intent with Hecla Mining Company from the initial date of March 15 to April 14. Last month, ATAC and Hecla announced the mutual entering of a non-binding letter of intent for Hecla to acquire all issued and outstanding shares of ATAC. You can read the initial announcement at ATAC acquiesces to Hecla's superior offer in the February 22, 2023 edition of North of 60 Mining News....
Northern Star Resources Ltd. March 15 announced a roughly six-week shutdown for unscheduled repairs at its Pogo gold mine in Alaska. Toward the end of a routine mill shutdown that began last week, the Pogo team discovered damage to the ball mill motor, which tripped during restart. Work has begun on the ball mill motor, but Northern Star anticipates it will take up to six weeks to complete the repairs. Due to the extended downtime, the company expects gold output from the...
Jaxon Mining Inc. March 15 announced plans to explore the high-grade antimony potential of its Kispiox Mountain and Blunt Mountain projects in Northern British Columbia. Two claim groups that are part of Jaxon's larger Hazelton land package about 30 miles (45 kilometers) north of Smithers, BC, Kispiox Mountain and Blunt Mountain, are early-stage exploration projects that both host outcropping zones of high-grade antimony mineralization with associated silver, gold, zinc, and...
Newcrest Mining Ltd. and Imperial Metals Corp. March 13 announced that the East Ridge exploration target at the Red Chris copper-gold mine in Northern British Columbia is shaping up to be substantially larger than originally envisioned. Based on drilling completed up to mid-2022, Newcrest estimated that East Ridge could host up to 170 million metric tons of resource averaging 0.5% (2 billion pounds) copper and 0.5 grams per metric ton (2.8 million ounces) gold on the low end,...
