The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 12 of 12
From the enormous Pebble copper-gold-molybdenum project to grassroots gold and copper discoveries, the Kahiltna Terrane of Southwest Alaska is becoming a hot destination for mining companies seeking the mineral wealth of this rugged and underexplored region. The Kahiltna assemblage was formed when an arc of islands known as Wrangellia thrust up the ocean floor as it collided with North America. This bulldozed seabed created much of the spectacular mountains of the Alaska...
Evidence is mounting to support Kaminak Gold Corp.'s suspicion that its Coffee Project located in the White District of Yukon Territory is part of an emerging gold district with sizable gold deposits scattered over the wooded region. Kaminak reported assay results May 26 from the first two holes drilled this spring that "confirms the potential of the Coffee property to host large gold deposits," according to Kaminak President and CEO, Rob Carpenter. The holes, drilled in the Supremo zone, returned indications of significant...
As the long-awaited summer solstice comes and goes, Alaska's mining industry is deep in the midst of its summer exploration, development and production programs. Mineral exploration programs are under way from far Southeast Alaska to the Brooks Range, from eastern Interior Alaska to the Seward Peninsula. The commodities being explored for, developed and mined are equally diverse and include gold, silver, copper, nickel, lead, zinc, platinum and palladium. Two new exploration...
I have to admit it. Sometimes, I secretly hang with a few liberal friends. Perhaps I harbor a masochistic tendency, or maybe it is just an intuitive compulsion to embrace the notion that one should keep his friends close and his enemies even closer. In any case, I find that many left-leaners are bright and well educated, which to me constitutes the best argument against a free public education. After all, if what they get out of four years of undergraduate school is that...
The Inupiat people of Northwest Alaska breathed a sigh of relief when Teck Resources Ltd. decided to move ahead with development of the Aqqaluk deposit at the Red Dog Mine. The 51.6 million metric tons of high-grade ore in the deposit that lies next door to the main deposit will extend the life of the world-class zinc-lead-silver mine, and continue to provide economic benefits for 12,000 NANA Regional Corp. shareholders for another 20 years. "We are excited to move forward...
As development of the long-awaited Northwest Transmission Line moves toward construction startup this fall, stakeholders in the C$404 million venture are making deals aimed at maximizing economic and environmental benefits of the project. British Columbia's Ministry of Energy, Mines and Petroleum Resources released details May 28 of agreements between BC Hydro, British Columbia Transmission Corp., Coast Mountain Hydro L.P., a wholly owned subsidiary of AltaGas Income Trust Ltd. and the Tahltan Nation that will help to create...
Chinese companies are doing their homework and investing in base metals projects in northern and western Canada to take advantage of rising prices and to secure a future supply of the minerals for their operations back home. First on the scene were private Chinese companies, Jinduicheng Molybdenum Group and Northwest Nonferrous International Investment Co. In the summer of 2008, they purchased a 100 percent interest in Yukon Zinc Corp., which owns the Wolverine Project and other mineral assets in the Finlayson District of...
Chinese investors are finding a lot to like in Canada, especially two base metals projects in the eastern part of Yukon Territory. Jinduicheng Molybdenum Group and Northwest Nonferrous International Investment Co., two private Chinese companies, purchased a 100 percent interest in Yukon Zinc Corp. in 2008, acquiring the Wolverine Project and other mineral assets in the Finlayson District of southern Yukon Territory. Two years later, Yukon Zinc is ready to start up an underground mining operation at Wolverine that is expected...
Full Metal Minerals Ltd. currently has two drills turning at its Fortymile property in eastern Alaska near the Yukon Territory border and a drill program slated for August at its recently acquired Grizzly Butte copper-gold property in Alaska's Wrangellia Terrane. In addition to drilling these core assets, the Vancouver B.C.-based junior anticipates partner-funded exploration at several of its other properties spanning the state. "It is our objective to get pretty much all of...
Corvus Gold Inc., a Vancouver B.C.-based junior company being formed to explore International Tower Hill Ltd.'s early stage properties, will initially hold four projects in Alaska and the North Bullfrog project in Nevada. Under the terms of the proposed transaction, Tower Hill will retain all assets relating to the Livengood gold project in Alaska and about C$41 million in working capital. Corvus will get the five properties and about C$3 million in cash. The spin-out...
International Tower Hill Mines Ltd. is taking long strides in advancing its 13.3-million-ounce Livengood gold project toward becoming a world-class mine. While an aggressive drill program continues to expand the Money Knob deposit, the company is completing metallurgical, geotechnical and baseline studies. This work, which will be needed to move the project into permitting and development, also lowers the risk of the Interior Alaska gold project, making Tower Hill a more...
Undaunted, undeterred and poised for growth is the message Hecla Mining Co. brought to its shareholders at the company's annual meeting in May. This mantra reflects the silver miner's perseverance in overcoming the financial challenges it faced after spending US$750 million in April 2008 to buy Rio Tinto's 70.27 percent stake in Greens Creek Mine in Southeast Alaska, an acquisition that has catapulted it to the No. 1 silver producer in the United States. "It was difficult in '...
