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
Sonoro Metals Corp. March 11 said it has signed a letter of intent to enter into an option agreement to acquire a 60 percent interest in Northern Empire Resources Corp.'s 7,840-acre Hilltop Gold project located some 70 miles south of Fairbanks. To exercise the option and earn a 60 percent interest in Hilltop, Sonoro must spend C$3 million on exploration activities to advance the exploration-stage project and issue 1 million Sonoro shares to Northern Empire by the end of 2019....
Millrock Resources Inc. March 12 reported signing an agreement with a major gold mining company to explore for high-grade gold deposits in Alaska. Under the terms of the collaboration agreement, the unnamed major will fund research and reconnaissance exploration efforts undertaken in accordance with a multi-phase, open-ended, systematic program designed by a technical committee composed of representatives of both companies. The work will be focused on defined areas in Alaska...
Graphite One Resources Inc. March 17 provided an updated resource estimate for its Graphite Creek deposit near Nome of 17.95 million metric tons indicated resources grading 6.3 percent graphitic carbon and 154.36 metric tons of inferred resources at 5.7 percent graphitic carbon. Graphite One said the continuity and simple geology of the near-surface deposit has allowed the company to outline a large graphite deposit with only 48 holes of drilling. The 2014 drill program...
The U.S. Bureau of Land Management is planning to designate nearly one-third of the historic Fortymile mining district in eastern Alaska as off limits to mining in a blow to miners of the region who already feel unduly targeted by federal regulators. The proposal to set aside large swaths of the district along the Alaska-Yukon border for environmental conservation, which comes as a late addition to the federal land manager's Eastern Interior Draft Resource Management Plan, als...
Kaminak Gold Corp. March 13 reported a 2015 budget of C$30 million for its Coffee Gold project in Yukon Territory. Roughly C$21 million will be spent on finalizing a feasibility study due to be completed early in 2016; about C$3.6 million will fund permitting-related activities; and the balance of some C$5.4 million is allocated to exploration, marketing and general expenses. Kaminak invested C$15.5 million on a work program related to the feasibility study during the second...
Copper Fox Metals Inc. March 17 provided an outline of the C$4.8-million program it plans for the Schaft Creek copper-gold-molybdenum project in northwestern British Columbia. During 2014, the Schaft Creek Joint Venture - Teck Resources Ltd. holds a 75 interest and Copper Fox holds a 25 percent interest in the JV - began a series of optimization studies on Schaft Creek. The objectives of the 2015 program are to continue these studies. This work will include additional infill...
Primarily associated with cans, cups and roofs, tin is not the flashiest metal on the market. Despite its lowly ranking, even among base metals, this lackluster commodity fetches around US$8.00 per pound - substantially more than copper, zinc, lead, or even nickel - and Alaska has plenty of it. Strongbow Exploration Inc., a company primarily focused on exploring for nickel in Northwest Territories, is working on a deal that would allow it to acquire two Alaska tin properties...
Golden Predator Mining Corp. March 16 reported the finalization of a joint venture and option agreement with Minquest Ltd. - an Australia-based exploration company formerly known as Merah Resources - for the Marg volcanic associated massive sulfide deposit in the Yukon Territory. Accessible via a 40-kilometer (25 miles) winter road from the town of Keno, Marg contains an indicated resource of 1.72 million metric tons grading 1.97 percent copper, 4.59 percent zinc, 2.4 percent...
TerraX Minerals Inc. March 11 reported results from three holes drilled during the ongoing 2015 winter drill program at the Yellowknife City Gold project in Northwest Territories. All three holes hit the mineralized shear at the South Shoot of the Crestaurum Zone where expected, confirming structure, with various amounts of quartz veining and visible gold noted in two of the three holes. Highlights included: eight meters averaging 6.83 grams per metric ton gold in hole...
