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
Coventry Resources Ltd. June 23 reported the arrival of a second diamond core drilling rig to expedite an 8,000-meter drill program targeting zones of high-grade copper at Caribou Dome, a road-accessible property located about 155 miles north of Anchorage, Alaska. The first rig, which arrived earlier in June, is testing the Lense 3, 9 and 1 targets at Caribou Dome. Coventry reports that the first hole completed in this area hit mineralization where predicted. A second hole is...
The U.S. Department of Labor's Mine Safety and Health Administration June 27 unveiled plans to begin enhanced enforcement of 'Rules to Live By,' an initiative focused on preventing mine fatalities. Joseph Main, assistant secretary of labor for mine safety and health, said "mine operators need to conduct better site inspections and take appropriate action to improve compliance with" MSHA's Rules to Live By and other safety standards. An agency analysis of hundreds of U.S. mining fatalities in a 10-year period shows that...
Hecla Mining Company June 27 reported a takeover bid for all of the outstanding shares of Dolly Varden Silver Corp. that it does not already own. At C69 cents per share, Hecla's offer reflects roughly a 97 percent premium based on the volume-weighted average price of the Dolly Varden shares on the TSX Venture Exchange for the 20 trading days ending on June 24. Assuming exercise of the 1.25 million warrants it currently holds, Hecla owns and controls 3,870,291 Dolly Varden...
Aston Bay Holdings Ltd. June 28 said a C$4 million exploration program at its Storm copper project is set to begin in early July. The program includes roughly 2,000 meters of drilling; re-logging of existing core mapping; soil sampling; and prospecting. "As the operator of the project, Aston Bay is excited to test high-priority targets while advancing additional targets for future drill programs," said Thomas Ullrich, executive vice president, exploration, Aston Bay. Under...
Dominion Diamond Corp. June 27 said the processing plant at its Ekati diamond mine in Northwest Territories is out of operation due to a June 23 fire. The blaze was quickly extinguished and all personnel were safely evacuated from the plant without injury. The damages were limited to a small area of the process plant, with no damage to the main structural components. Repairs will require the replacement of one of the main degritting screens and associated components, as well...
Seabridge Gold Inc. June 28 reported that it has begun robust environment remediation of historical mining activity at its newly acquired Iskut property in northwestern British Columbia, including the historical Johnny Mountain Mine. The Tahltan Central Government, the administrative governing body of the Tahltan First Nations, has expressed its support of this environmental work. "We have a strong interest in the remediation of the Johnny Mountain mine site on our...
Commander Resources Ltd. June 23 said it has finalized an agreement to acquire four mineral exploration properties from Bearing Resources Ltd., including the Flume gold property in Yukon Territory, two in British Columbia and one in Mexico. Three royalties, including a production-defined royalty on a portion of the Boundary Zone deposit at Imperial Metals' Mt. Polley Mine in British Columbia, is also part of the agreement. Situated about 60 kilometers (35 miles) southwest of D...
Imperial Metals Corp. June 23 reported that the British Columbia Ministry of Energy and Mines and the Ministry of Environment have authorized the Mount Polley Mine to return to normal operations making use of its repaired and buttressed tailings storage facility. Imperial said the management and staff at Mount Polley worked in close cooperation with regulatory agencies, First Nations and members of the local communities, to repair and reinforce the tailings facility in...
From a Texas oilman discovering rich mineral prospects at Tetlin while investigating the natural gas potential of these Native owned lands to a royalty company setting aside its business model to get in on the ground floor of what is shaping up to be a multimillion-ounce deposit of high-grade gold lying alongside the Alaska Highway, Contango Ore Inc. is adding some intriguing new entries to the annals of Alaska geology. The latest chapter of the Tetlin story includes a US$11...
