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
Ucore Rare Metals Inc. May 24 reported that a SuperLig®-One rare earth elements separation pilot plant at its Bokan Mountain - Dotson Ridge project in Southeast Alaska has separated nearly pure scandium from other minerals found in the deposit. Scandium is a highly valued REE used in making advanced aluminum alloys. Scandium imparts added strength, increased corrosion resistance, greater heat tolerance, and improved weldability to aluminum alloys. Its electrical and heat-stabilizing qualities also make it desirable for use in...
Novagold Resources Inc. and Barrick Gold Corp. – equal co-owners of the Donlin Gold project – have both said they are unwilling to develop the 40-million-ounce gold deposit in a weak gold price environment. So, with Donlin entering the final phase of a five-year permitting process, are the partners ready to build a world-class gold mine in Southwest Alaska? With gold prices up roughly 16 percent since the start of the year and showing resilience at around US$1,250 per oun...
Graphite One Resources Inc. May 20 reported that uncoated spheroidized (rounded) graphite from its Graphite Creek property, located about 37 miles (60 kilometers) north of Nome, Alaska, demonstrated high performance when tested in CR2016 coin cells, batteries typically used in watches and similar devices. Five coin cells were tested with Graphite Creek material in the anode. Three of the cells demonstrated a first discharge capacity that approached natural graphite's theoretical maximum of 372 ampere hours per kilogram....
Freegold Ventures Ltd. May 20 reported closing a C$7.28 million financing in which it issued 40,461,766 units at C18 cents each. Each unit consists of one Freegold common share and half of a purchase warrant. Each whole warrant entitles the holder to purchase one Freegold share at C25 cents for a period of three years. Freegold also granted Paradigm Capital Inc., the financing agent, an option to arrange for purchasers to acquire up to an additional 15 percent of the units...
Victoria Gold Corp. May 24 published the third set of results from its 2016 drilling at Olive-Shamrock, satellite deposits at the Eagle Gold project in Yukon Territory. The company said the assay results from these 10 holes confirm the continuation of gold mineralization between Olive and Shamrock and validates an exploration model currently testing the near-surface mineralization in the Olive-Shamrock Shear Zone. Highlights from the drilling include 22.4 meters of one gram...
Seabridge Gold Inc. May 19 reported the closing of a C$12.04 million financing that involved the issuance of 500,000 flow-through shares at C$24.08 each. The company will use the money raised to fund the 2016 exploration programs at its KSM copper-gold project and, subject to completion of Seabridge's acquisition of SnipGold Corp., the Iskut gold-copper project in northwestern British Columbia. At KSM, Seabridge plans to complete 10,000 meters of drilling designed to expand...
Dominion Diamond Corp. May 20 reported that Northwest Territories Minister of Lands Robert McLeod has approved the Jay project at the Ekati diamond mine, subject to the measures described in the Report of Environmental Assessment. "This is an important milestone for Dominion and for the northern economy," said Dominion CEO Brendan Bell. Jay, which has the potential to extend the life of Ekati by roughly a decade, is the most significant undeveloped deposit at the noted...
IDM Mining Ltd. May 18 said an initial review of historical exploration data has identified targets in three priority areas of the 14,500 Yukon Territory mining claims it acquired from Oban Mining in January. Data gathered by Ryan Gold, as well as other historical holders of the claims, includes results from more than 158,000 soil samples, airborne geophysical surveys, reconnaissance mapping and sampling, and more than 10,000 meters of drilling. Review of this data has...
TerraX Minerals Inc. May 19 reported results from 19 holes drilled at the Hebert-Brent zone on its Yellowknife City Gold Project, which is situated immediately north of the capital of Northwest Territories. Discovered in 2015, Hebert-Brent was channel sampled along exposed zones of mineralization and was subsequently tested with six drill holes, which included one 10.26-meter intercept averaging 3.61 grams per metric ton gold. The zone, which demonstrates sulfide replacement s...
