The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 8 of 8
Freegold Ventures Ltd. May 26 announced that it has closed C$5 million of an up to C$10 million financing, which will fund ongoing exploration and other work related to its Golden Summit and Shorty Creek mineral exploration properties in Alaska. Noted resource investor Eric Sprott has agreed to invest a total of C$6 million in Freegold's private placement, including C$2 million in the recently completed initial tranche and C$4 million in a second tranche expected to close on...
Nova Minerals Ltd. May 24 said visual observation of core from this year's drilling at its Estelle project in Alaska indicates that mineralization extends beyond the inaugural 2.5-million-ounce inferred gold resource outlined in the Korbel deposit last summer. Though assays are pending, Nova said hole KBDH-002 cut quartz-arsenopyrite veinlets from near the top of the hole to a depth of 200 meters below the block model outline, which extends to a depth of nearly 300 meters....
Northway Resources Corp. May 26 announced plans to carry out mapping, sampling, and geophysics to refine gold targets on its Healy and Napoleon gold projects in Alaska's Eastern Interior region. Formed in 2018 and taken public last year, Northway is TSX Venture Exchange-listed company that focused its 2019 exploration primarily on Healy, a discovery stage gold project in the vicinity of Northern Star Resources 10-million-ounce Pogo Gold Mine property. Healy was first identifie...
Until novel coronavirus ignited a global pandemic that plunged the world economy into recession, foreign investors, except for a lucky few, have salivated from afar over the bountiful mineral riches that others are mining in the vast reaches of Canada's northern territories. But with COVID-19 on the march and no cure or proven vaccine for the deadly malady in sight, traditional sources of capital markets have dried up, leaving many mining companies, especially those with...
As the largest shareholder and chairman of Novagold Resources Inc., a company that owns 50% of the 39-million-ounce Donlin Gold project in Alaska, it is natural for New York billionaire Thomas Kaplan to elucidate potential investors on his predictions of coming rises in the price for an ounce of gold. The truth, however, is the renowned entrepreneur and natural resources investor is not bullish on gold because he has skin in the game. Instead, he is a major owner of the...
The U.S. Army Corps of Engineers has determined that a road and pipelines around the north shore of Iliamna Lake is the most environmentally sound route to access the proposed Pebble copper-gold-molybdenum-silver mine in Southwest Alaska. Referred to as Alternative 3 in the draft Environmental Impact Statement for Pebble, this roughly 85-mile northern land-based transportation route would connect the Pebble mine site to Cook Inlet without the need for a ferry to transport...
Banyan Gold Corp. May 25 announced a 903,945-ounce inferred gold resource for AurMac, the new name for the company's combined Aurex and McQuesten properties in the Yukon. A road accessible project about 56 kilometers (35 miles) northeast of Mayo and roughly 10 kilometers (six miles) south of Victoria Gold Corp.'s Eagle gold mine, AurMac hosts at-surface deposits – Airstrip and Powerline – along with other drill-ready targets. Banyan's drilling over the previous two years...
If I were to write a letter to the President of the United States, it would probably go something like this: Dear Mr. President – Notwithstanding the aggressive Executive Orders that you have signed dealing with the regulatory burden on small businesses in the United States, it appears that you have missed an important point. Regulatory requirements are straitjackets on the economy, and one size simply does not fit all. Over the past 50 years, the Executive Branch has i...
