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
Nova Minerals Ltd. June 3 said it is looking into the potential of selling or bringing on a partner to advance exploration of its Windy Fork rare earth elements (REE) project in Southwest Alaska. During recent meeting in New York City, Nova directors received strong interest in Windy Creek and the placer REE occurrences identified on the property. Bulk sampling at Windy Fork in the 1990s indicates that the placer deposit there contains roughly 17 million cubic meters of...
Victoria Gold Corp. June 4 announced that it is on pace to pour the first bar of gold at its Eagle Mine in the Yukon about a month earlier than previously expected. The soon-to-be gold producer said construction of the Eagle Gold Mine is now 95 percent complete and the first ore is slated to be stacked on the heap leach pad in July. "Construction of the Eagle Gold Mine is nearing completion, ahead of schedule, and the operations team is ready to take advantage by advancing...
Lundin Mining Corp. has agreed to invest AU$4.3 million (US$3 million) to acquire 14.3 percent of PolarX Ltd. shares, a deal that gives the Canada-based miner an option to earn a 51 percent interest in the Australia-based junior's Stellar copper-gold project in Alaska. Lundin Mining is a global base metals miner with copper, nickel and zinc operations in Chile, United States, Portugal and Sweden. The Toronto, Ontario-based miner also holds a 24 percent stake in the Freeport...
Constantine Metal Resources Ltd. June 3 released a preliminary economic assessment for Palmer that outlines an economically robust and environmentally conscientious mine for the volcanogenic massive sulfide project in Southeast Alaska. "This PEA is the most significant milestone for Constantine to date, demonstrating a high-quality project with strong economics and a progressive, environmentally conscious mine design," said Constantine Metal Resources President and CEO...
The U.S. Department of Commerce June 4 released "A federal strategy to ensure secure and reliable supplies of critical minerals," an interagency report that outlines a government-wide action plan to ensure the United States has secure and reliable supplies of critical minerals. Department of Commerce was charged with spearheading this report under Executive Order 13817, which was signed by President Donald Trump late in 2017. Trump's critical minerals executive order...
In a deal that is good for the buyer, seller and the Yukon, Capstone Mining Corp. has agreed to sell the Minto copper mine to United Kingdom-based Pembridge Resources PLC. "The sale of the Minto mine is very good news all around. Capstone will no longer incur the expense of having the mine on care and maintenance, and the recommencement of operations will be positive for Minto employees, contractors and the local economy," said Capstone Mining President and CEO Darren Pylot....
Auryn Resources Inc. June 4 said it has identified two new gold-silver targets at Homestake Ridge, a high-grade gold property about 20 miles (32 kilometers) southeast of Stewart, British Columbia. The new targets are roughly 6 miles (10 kilometers) northeast and 2.2 miles (3.5 kilometers) south of the three main deposits at Homestake Ridge – Homestake, Homestake Silver and South Reef. Combined, these deposits host 604,000 metric tons of indicated resource averaging 6.4 g...
Western Copper and Gold Corp. June 3 announce the start of a roughly 10,000-meter drill program at its Casino copper-gold project in the Yukon. According to a 2013 feasibility study, Casino hosts 4.5 billion pounds of copper and 8.9 million oz of gold in 1.1 billion metric tons of proven and probable reserves. This is enough reserves to support a mine that would contribute C$9.6 billion to the Canadian economy and pay C$3.2 billion in taxes and royalties to federal,...
When it comes to rare earths, China has a strategy that goes beyond using these high-tech elements as ammunition for the next salvo in a trade war with the United States. This strategy, which was set into motion around 1980, involves gaining an advantage in high-tech manufacturing by controlling the first three links of the rare earth element supply chain – mining, processing and value-added manufacturing. Over the ensuing four decades, the Middle Kingdom has gained a near m...
