The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Few men and women could attest to having lived with an adventurous spirit and actually having gone and adventured, but this isn't so for mining and aviation pioneer Ronald Sheardown. Soon to be inducted into the Alaska Aviation Museum's Hall of Fame for Pathway and Explorer Pilot this year, Ron has lived a life many could not even dream about. Born in Bolton, Ontario, in 1936 – a stone's throw from Toronto – Ron came from a time when aviation was still in its fledgling yea...
North Arrow Minerals Inc. June 21 announce the start of a C$5.6 million bulk sampling program at its Naujaat diamond project about nine kilometers (5.6 miles) from the hamlet of Naujaat on the shore of Hudson Bay in Nunavut. This large sampling program is funded by Burgundy Diamond Mines, an Australia-based company formerly known as EHR Resources Ltd. that entered into a deal with North Arrow to earn a 40% interest in the Naujaat project by investing C$5.6 million to collect...
Contango ORE Inc. June 21 announced that it has raised US$10.9 million to fund its share of exploration and development of Manh Choh, a 1.2-million-ounce gold mine project in eastern Alaska being explored and developed in partnership with Kinross Gold Corp., as well as exploration on three other gold properties wholly owned by CORE. The financing involved the issuance of 523,809 CORE shares at US$21 each. Alaska Future Fund, an Alaska investment program launched in 2019 by...
HighGold Mining Inc. June 23 announced it has expanded its 2021 drill program at Johnson Tract to 20,000 meters, a 25% increase over the 16,000 meters originally slated and the largest ever drill program at the gold-rich polymetallic project in Southcentral Alaska. The decision to expand the original C$10 million 2021 program and accelerate the exploration at Johnson Tract follows a C$1.9 million boost to HighGold's treasury from the exercise of warrants in May. Proceeds...
From reinstating the Roadless Rule in the Tongass Forest to replacing the General Mining Law of 1872, federal regulations being proposed by President Joe Biden threaten to rain on a parade of strong metals prices, growing demand for critical minerals, and robust investments into mineral exploration and mining across Alaska. "We recommend Congress develop legislation to replace outdated mining laws including the General Mining Law (GML) of 1872 governing locatable minerals...
The greatly expanded deposit at Western Copper and Gold Corp.'s Casino project in the Yukon would support an economically robust mine capable of producing an average of 178 million pounds of copper, 231,000 ounces of gold, 1.36 million oz of silver, and 16.6 million lb of molybdenum per year over an initial 25-year mine life. This is according to a preliminary economic assessment released on June 22 that outlines a 120,000-metric-ton-per-day milling and 25,...
White Gold Corp., one of the most active mineral exploration companies in Canada's North in recent years, is taking a closer look at Nolan, a property found in Yukon's fabled Sixtymile area near the Alaska border. Here, eager prospectors have pulled gold from the region's creeks and streams since the precious metal was first discovered in the region in 1884. White Gold is betting throngs of prospectors who scoured the area during the past 136 years left a lot of gold behind. T...
GoldMining Inc. June 21 published an updated mineral resource estimate for its Whistler gold-silver-copper project adjacent to Nova Minerals Ltd.'s Estelle gold project in Southcentral Alaska. According to the new calculation, the Whistler, Island Mountain, and Raintree West deposits at Whistler host 118.2 million metric tons of indicated resource averaging 0.51 grams per metric ton (1.94 million ounces) gold, 2.19 g/t (8.3 million oz) silver, and 0.16% (422 million pounds)...
Banyan Gold Corp. June 21 reported that assay results from an additional five holes drilled this year at its AurMac property in the Yukon have identified particularly strong gold mineralization to the east of the company's Powerline deposit. Located about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Gold Mine, AurMac hosts 52.58 million metric tons of inferred resource averaging 0.54 grams per metric ton (903,945 oz) gold in two deposits – Powerline and A...
PolarX Ltd. June 22 announced plans to complete at least 1,500 meters of core drilling this year at Caribou Dome, a high-grade copper project on its Alaska Range property. Discovered in 1963, Caribou Dome hosts 2.8 million metric tons of combined measured, indicated, and inferred resources averaging 3.1% (189.6 million pounds) copper in nine lenses of volcanic sediment-hosted mineralization. PolarX says historical exploration revealed these lenses show strong copper anomalism...
