The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 7 of 7
Victoria Gold Corp. May 11 reported strong performance at its newly developed Eagle Gold Mine in the Yukon, thanks in part to the company's COVID-19 action plan. Mining, crushing and stacking ore on the leach pad at Eagle increased significantly during April. As a result, the company reported a significant increase in gold production last month, a trend that is expected to continue in the coming months. Eagle produced 6,768 ounces of gold during April, compared to a total of...
As COVID-19 continues to create global economic hardship, it is reassuring to see steady progress on a project offering immediate and long-term benefits to Alaska's economy. The Ambler Mining District Industrial Access Project, or Ambler road, would help bring jobs and new revenues for the Northwest Arctic Borough and the State by lowering the cost to explore, build and operate future mines in the area. We have known of the Ambler district's vast copper and base metal...
After years of quietly and efficiently optimizing a plan for Livengood, International Tower Hill Mines Ltd. is now moving ahead with new pre-feasibility study for developing a mine at the 11.5-million-ounce gold project about 70 miles north of Fairbanks, Alaska. A previous PFS completed for Livengood in 2017 outlined plans for a 52,600-metric-ton-per-day mill that would produce 6.8 million ounces of gold over a 23-year mine life, or roughly 294,100 oz annually. The all-in...
Northern Dynasty Minerals Ltd. said its Pebble project could provide another source of jobs and revenue to an Alaska economy challenged by an interrelated combination of COVID-19 and low oil prices. Though fewer than 400 cases of COVID-19 have been diagnosed in Alaska, placing it among the lowest states in the country on an absolute and per capita basis, the economic impact of the global pandemic on the largest of the United States is both severe and ongoing. As a result of...
In addition to a potential source for anode material in the lithium-ion batteries powering electric vehicles and storing renewable energy, the graphitic carbon contained in the enormous Graphite Creek deposit in western Alaska may also work well in high-purity coatings, synthetic semiconductor diamonds, fire suppressing foams and other applications. Graphite One Inc., the company advancing the Graphite Creek project, is working with an unnamed industrial partner to identify...
Millrock Resources Inc. and Resolution Minerals Ltd. May 13 announced the balance of assay results from winter drilling at the 64North project in Alaska's Goodpaster Mining District and plans for late-May 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 Goodpaster, a gol...
Northern Dynasty Minerals Ltd. May 13 announced that it has raised C$17.35 million (US$12.3 million) to cover engineering, environmental, permitting and evaluation expenses associated with Pebble and advance the federal environmental impact study for the copper-gold-molybdenum mine project in Alaska to completion. Northern Dynasty raised the money in two concurrent financings – a C$10.1 million underwritten public offering and C$7.25 million private placement. Underwritten b...
