The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 5 of 5
TerraX Minerals Inc. May 13 reported an agreement to sell an additional 1 percent net smelter return royalty on its Yellowknife City Gold project in the Northwest Territories to Osisko Exploration James Bay Inc., a wholly-owned subsidiary of Osisko Gold Royalties Ltd. To purchase this option, Osisko Exploration will pay TerraX C$1 million in cash. The agreed to option entitles Osisko Exploration to purchase the royalty by paying an additional C$2 million within three months...
Kennady Diamonds Inc. May 13 and May 19 reported additional encouraging results from the current drilling at its Kennady North diamond project in Northwest Territories. The company said drilling at the Faraday 2 kimberlite has now defined the kimberlite over a strike of roughly 200 meters from southeast to northwest. One hole drilled in the northwest lobe of Faraday 2 cut 68 meters of kimberlite. "Exploration drilling at the northwest end of the Faraday 2 kimberlite has yet...
Contango ORE Inc. May 15 reported that US$5 million has been budgeted for an initial phase of exploration at the Tetlin gold project in eastern Interior Alaska. This will mark the first exploration at Tetlin under Peak Gold LLC, a joint venture between Contango ORE and Royal Gold Inc. The first phase of the 2015 program at Tetlin will test outlying exploration targets at Tars, Saddle, North Saddle and Saddle Skarn targets. The drilling also will test expansion targets at the...
Graphite One Resources Inc. May 19 noted that its Graphite Creek project near Nome, Alaska was one of two Alaska strategic mineral projects cited during a May 12 hearing before the U.S. Senate Energy and Natural Resources Committee. Alaska Department of Natural Resources Deputy Commissioner Ed Fogels cited the graphite project during his testimony in support of "The American Mineral Security Act of 2015," legislation aimed at fostering domestic production of strategic and crit...
The United States is richly endowed with a broad range of metals and minerals critical to national security, green energy and modern technology but is often overly-reliant on foreign sources for these same commodities. This was the resounding message from miners, manufacturers, regulators and analysts who testified on U.S. Senate Bill 883, "The American Mineral Security Act of 2015." Introduced by Sen. Lisa Murkowski, R-Alaska, S.883 aims to reduce the United States' heavy...
