The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 10 of 10
Graphite One Resources Inc. June 11 reported that its wholly owned subsidiary, Graphite One (Alaska) Inc. has come to an agreement with Ronald Sheardown for 28 Alaska state mining claims covering the same lands purchased by Graphite One in January 2012. This provides the company ownership of both the junior and senior state mining claims that overlap and surround the 24 unpatented federal claims that it leased from Kougarok LLC. In exchange for the claims, Graphite One has...
Redstar Gold Corp. June 11 reported multi-ounce gold intercepts from the first two holes of a recently completed eight-hole drill program on the Shumagin prospect at its Unga gold project on the Alaska Peninsula. Hole 15SH011 cut 1.9 meters grading 5.89 ounces per ton gold and 2.4 oz/t silver over 1.9 meters. Hole 15SH012 cut three intercepts: 1.03 oz/t gold and 6.1 oz/t silver over 2.0 meters; 0.49 oz/t gold and 5.3 oz/t silver over 3.0 meters; and 3.88 oz/t gold and 12.3...
NovaCopper Inc. June 16 reported that its proposed acquisition of Sunward Resources Ltd. received overwhelming approval by the shareholders of each company at their respective shareholder meetings. Under the terms of an arrangement announced in April, each shareholder of Sunward will receive 0.3 of a NovaCopper share for each common share of Sunward held. Some 99.36 percent of the shares represented at the NovaCopper meeting were voted in favor of the issuance of common...
Northern Empire Resources Corp. and Sonoro Metals Corp. June 15 said they have completed the first phase of field work at the Hilltop Gold project located some 45 miles southeast of Fairbanks. The phase-1 program, which began in May, included 8.2 miles (13.2 kilometers) of road improvements to provide access to priority zones; eight trenches excavated and mapped over a total strike extent of 213 meters; six test pits completed in areas with prospective geology; 228 rock sample...
Endurance Gold Corp. June 11 said the summer 2015 exploration program at its Elephant Mountain gold property in Interior Alaska has begun. Previous exploration has confirmed an intrusive-hosted target encompassing two gold-arsenic soil and rock sample anomalies (the North and South Zone targets) and an induced polarization chargeability anomaly (the Central Zone target) lying between the two soil anomalies that has never been drill tested. Elephant Mountain is located in an...
On May 29, 2015 the Alaska Supreme Court handed down two opinions relating to the Pebble Project: The first reversed the Superior Court's holding in Nunamta Aulukesti, et al, v. State, et al, regarding the revocability of Miscellaneous Land Use Permits, or MLUPs, and the second reversed the lower court's award of costs and attorney's fees against the plaintiffs in the Nunamta case. If obfuscation is integral to the stereotype of the legal profession, certainly the Nunamta and...
Agnico Eagle Mines Ltd. June 10 reported that results from the 2015 phase 1 exploration program at the Amaruq gold project in Nunavut exceeded expectations. Drilling during this program filled a gap under Whale Lake with significant gold grades and good widths, including 19.8 grams per metric ton gold (capped) over 5.0 meters in hole AMQ15-187; and 15.9 g/t gold (capped) over 14.6 meters in hole AMQ15-181. The drilling also confirmed a new gold structure about 100 meters north of the Whale Tail deposit, including 6.1 g/t...
Ucore Rare Metals Inc.'s exploration endeavors are proving successful - not only in expanding the heavy rare earth elements-enriched deposit at the Bokan Mountain Project in Southeast Alaska, but in discovering new technologies that advance rare earth refinement into the 21st Century. Hoping to cash in on this success, a "high net-worth" American investor recently tendered a US$1 million down payment toward royalties offered by Ucore. These royalties will not come from the...
Imperial Metals Corp. June 16 reported the receipt of an amended British Columbia Environmental Management Act Permit for its Red Chris copper-gold mine in northwestern British Columbia. The amended permit, which the B.C. Ministry of Environment issued to Red Chris Development Co. Ltd. on June 12, replaces the previously issued short-term authorization. This permit allows the mine to discharge tailings into the tailings storage facility and discharge water from the facility subject to water quality guidelines. Imperial said...
Canada Zinc Metals Corp. June 12 reported that crews have been mobilized to the Akie zinc-lead-silver property in northeastern British Columbia in preparation of a planned 5,000-meter drill program primarily targeting the lower elevations of the indicated and inferred sections of the mineral resource at Cardiac Creek. The company said the central core represents the highest grade and thickest area of the deposit and the down-dip extent of this core will be the primary target area for the 2015 drilling. Other work planned for...
