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
Seabridge Gold Inc. May 4 announced that it raised C$19.7 million to fund 2018 exploration at its KSM gold-copper project in northwestern British Columbia. "This year's exploration program at KSM will follow up on the tremendous success we achieved last year at KSM's Iron Cap deposit where inferred gold resources increased by 302 percent, to 20 million ounces, and inferred copper resources increased by 379 percent, to 8.6 billion pounds," said Seabridge Chairman and CEO Rudi F...
White Rock Minerals Ltd. May 10 said crews have begun mobilizing to its Red Mountain property in preparation for an early start to exploration at this zinc rich volcanogenic massive sulfide project about 50 miles west of Delta Junction in Interior Alaska. "A lot of preparation has gone into the planning for the commencement of field activities as early as possible in the 2018 field season. It is great to see all the hard work coming together as field crews begin to mobilize...
Osisko Metals Inc. May 8 said its winter drilling continues to confirm historical zinc mineralization at its newly acquired Pine Point zinc-lead project in Northwest Territories. Located near the community of Hay River, the Pine Point project benefits from substantial infrastructure that includes road access, rail head in Hay River and hydro-electric power available on site. A preliminary economic assessment completed in 2015 examined several development scenarios and settled...
TerraX Minerals Inc. May 8 said it completed 5,684 meters of winter drilling at its Yellowknife City Gold project, including four holes that extended the high-grade Crestaurum gold bearing structure to a depth of 300 meters. The 187 previously drilled holes Crestaurum had traced the structure along 1,400 meters of strike length and to a depth of roughly 150 meters, outlining a deposit with grades as high as 62.9 grams per metric ton gold over five meters. Although the...
Seabridge Gold Inc. May 9 said the winter drilling at its Courageous Lake has identified two new gold zones, Olsen and Marsh Pond, that could add additional higher grade resource to this large gold project in Northwest Territories. Located about 240 kilometers (150 miles) northeast of Yellowknife, the Courageous Lake property covers most of the 53-kilometer- (33 miles) long Mathews Lake Greenstone Belt, which hosts the FAT (Felsic-Ash-Tuff) and Walsh Lake deposits. The FAT...
Ucore Rare Metals Inc. May 7 said IBC Advanced Technologies Inc. has begun advanced engineering and design for its first Specialty Metals Complex, or SMC, a rare earth elements separation facility the company plans to build near Ketchikan in Southeast Alaska. Previously referred to as the Strategic Metals Complex, the Alaska SMC will utilize IBC Advanced Technologies' molecular recognition technology, commonly known as MRT, to separate rare earths and produce individual REE...
Hecla Mining Company May 8 said first quarter exploration drilling continues to expand high-grade silver resources along the East Ore, Upper Plate, Deep 200 South and Deep Southwest mineralized trends at its Greens Creek Mine in Southeast Alaska. "(D)rilling at Greens Creek continues to discover high-grade mineralization that could enhance the already exceptional mine economics and mine life," said Hecla President and CEO Phillips Baker, Jr. Hecla said the high-grade...
Kinross Gold Corp. May 8 reported that its Fort Knox Mine near Fairbanks, Alaska, produced 79,928 ounces of gold during the first quarter of 2018, a roughly 14 percent decrease from the 93,038 oz recovered during the same period last year and about 16 percent lower than the last three months of 2017. "Production at Fort Knox was in line with our expectations for the quarter, although it was lower compared with the fourth quarter of last year. This was mainly due to lower mill...
11 is shaping up to be a pivotal year for the Palmer copper-zinc-silver-gold project in Southeast Alaska. A roughly US$9 million exploration program outlined by Constantine Metal Resources Ltd. on May 10 proposes not only the annual tradition of resource expansion and new discoveries but also plans to provide the first peek into the economics of mining the copper- and zinc-rich volcanogenic massive sulfide deposits found there so far. Being carried out by a joint venture...
The surge in production of electric vehicles, and the batteries that power them, is driving the price of cobalt higher. A key ingredient in the cathodes of the batteries powering the growing number of EVs on the road today, cobalt has rocketed from around US$25 per pound a year ago to more than US$40/lb in recent weeks. This higher price, however, has electric carmakers looking for alternative recipes for rechargeable battery cathodes that use less cobalt yet delivers similar...
