The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 11 of 11
More than a century-old silver discovery turned settlement may see a revitalization with recent exploration efforts at the Keno Hill District. Lying within the traditional land of the First Nation of Na-Cho Nyäk Dun, the Keno Hill Mining District comprises almost 90 square miles (235 square kilometers) characterized by numerous mineral occurrences in more than 35 mines with a history of production. According to the Yukon government records, between 1913 and 1989 the district...
Millrock Resources Inc. and Resolution Minerals Ltd. April 27 provided preliminary results from the 2020 drilling at 64North and plans for resumption of the program that was cut short due to COVID-19 concerns. Millrock's 64North project includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide – covering roughly 160,000 acres in the Goodpaster District, a gold-rich area anchored by Northern Star Resources Ltd.'s Pog...
HighGold Mining Inc. April 29 published the first NI 43-101 mineral resource estimate for the JT deposit, a modern industry compliant calculation that confirms the robust nature of this gold-silver-copper-zinc deposit on the company's Johnson Tract property in Southcentral Alaska. According to this new calculation, JT hosts 2.14 million metric tons of indicated resource averaging 6.07 grams per metric ton gold, 5.8 g/t silver, 5.85% zinc, 0.57% copper, and 0.71% lead. When...
An updated preliminary economic assessment for Seabridge Gold Inc.'s KSM project provides a first look at the economic and environmental advantages of incorporating the recently expanded, higher grade Iron Cap gold-copper deposit into the mine plan. "The benefits of incorporating Iron Cap into mine plans at an early stage have exceeded the upper end of our expectations, not only for the improvements in projected economics but also for the reduction in environmental impact,"...
Northern Star Resources Ltd. April 28 reported that its Pogo Mine in Alaska produced 49,340 ounces of gold during the first three months of 2020. While this is a 3,194 oz increase over the prior quarter, it is less than the Australia-based mining company expected. The lower than expected gold production at Pogo is due largely on the company's implementation of the COVID-19 operating protocols at the mine, which affected labor availability and underground productivity....
NANA Corp. and Ambler Metals LLC April 29 said they are working together to determine how a summer field season at the Upper Kobuk Mineral Projects in Northwest Alaska can progress while protecting communities and balancing job opportunities for residents of the region. Earlier this year, Ambler Metals, a joint venture operating company equally owned by Trilogy Metals Inc. and South32 Ltd., approved a US$22.8 million budget for the 2020 program at UKMP, which is a large land...
One of the most prospective, if not the potentially richest, recent gold discoveries in Yukon Territory is changing owners. Seabridge Gold has agreed to purchase the 3 Aces Project in southeastern Yukon from Golden Predator Mining Corp. for 300,000 Seabridge common shares, contingent future cash payments totaling C$2.25 million and a 0.5% net smelter return royalty on the entire 3 Aces project, the companies reported March 30. The deal also includes an immediate cash payment...
Global metal production has been severely disrupted due to government mandated suspension of mining operations in response to the COVID-19 pandemic. According to figures released by GlobalData, 32 countries have passed partial or complete lockdown orders that by April 3 had led to the temporary suspension of activities at over 1,600 mines. Silver is the hardest hit by global government lockdowns, with the equivalent of 65.8% of annual global production of this industrious...
The price of oil and gold heading in opposite directions in the wake of the COVID-19 pandemic could mark a tipping point that steers Alaska's economy on a new trajectory more rapidly than policymakers and prognosticators previously envisioned. As lawmakers focus their attention on slowing the spread of novel coronavirus in Alaska and re-opening the state for business as quickly and safely possible, the largest revenue stream to state coffers plummeted to subzero territory....
4 is shaping up to be the best year for Alaska's mineral exploration sector in a decade – that was the message delivered by North of 60 Mining News in January. Now, just four months and one COVID-19 pandemic later, the aspirations of a banner year for the companies unlocking the Last Frontier's vast mineral potential are distant and likely unachievable. While some mineral exploration companies will be able to carry out their 2020 programs as anticipated, restrictions to "...
Since statehood at least and, to a certain extent, since the earliest territorial days, Alaska has depended on the development of its resources for its prosperity. Fishing and mining were among the earliest major industries to evolve. As the abandoned millsites and canneries around the state will attest, those industries have waxed and waned cyclically. Oil and gas development also made a major impact on the State and undoubtedly will continue to do so well into the future;...
