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
GT Gold Corp. July 6 released a maiden mineral resource estimate for the Saddle North porphyry copper-gold-silver deposit on the company's Tatogga property in British Columbia's Golden Triangle. Based on 41 holes of drilling completed since late in 2017, Saddle North hosts 298 million metric tons of indicated resource averaging 0.28% (1.81 billion pounds) copper, 0.36 grams per metric ton (3.47 million ounces) gold, and 0.8 g/t (7.58 million oz) silver; plus 543 million...
Trilogy Metals Inc. July 8 confirmed that the 2020 field programs at the Upper Kobuk Mineral Projects in Northwest Alaska has been deferred due to the COVID-19 pandemic. Ambler Metals LLC, a joint venture operating company equally owned by Trilogy Metals and South32 Ltd., had budgeted US$22.8 million for the 2020 program. Following the novel coronavirus outbreak, Ambler Metals met with NANA Corp., the Alaska Native Claims Settlement Act (ANCSA) regional corporation for...
Northern Star Resources Ltd. June 8 reported that its Pogo Mine in Alaska produced 49,353 ounces of gold during the second quarter of 2020, despite several cases of COVID-19 at this operation about 90 miles southeast of Fairbanks. "The results at our Pogo mine in Alaska were particularly pleasing given the challenging circumstances emanating from COVID-19, where we effectively managed safe operations with 36 confirmed cases through the quarter," said Northern Star Resources Ex...
Victoria Gold Corp. July 7 announced that its Eagle Mine in the Yukon produced 13,828 ounces of gold during June. This is the best month for the mine that achieved commercial production on July 1. "Since restarting stacking mid-March, we have steadily seen an increase in monthly gold production," said Victoria Gold President and CEO John McConnell. "With the increasing price of gold, our June production has a value of greater than C$30 million." Gold output at Eagle has been s...
Taking another step along the path of establishing a mine at its world-class copper-gold- molybdenum-silver deposit in Southwest Alaska, Pebble Limited Partnership signed a memorandum of understanding with Alaska Peninsula Corp. for providing transportation and port operations support for the proposed project. Under the agreement, Alaska Peninsula Corp. would serve as the organizer of a consortium of key Alaska Native Claims Settlement Act (ANCSA) village corporations in the...
Next year will mark the 175th anniversary of one of the greatest institutions in the world – the Smithsonian in Washington D.C. and certainly the pride of our nation's capital. The patron of this American Institution was a geologist who willed its creation with $500,000 in gold despite the fact that he had never stepped foot in the United States. The story behind the Smithsonian is an interesting one, but the gold that funded its founding tells an equally intriguing tale of fi...
HighGold Mining Inc. July 8 announced that it has raised C$12 million to fund an expanded drill program at its Johnson Tract gold project in Southcentral Alaska. Situated on Cook Inlet Region Inc., or CIRI, land on the west side of Cook Inlet, Johnson Tract hosts high-grade gold mineralization that is further enriched by associated silver, copper, zinc, and lead. According to a calculation earlier this year, the JT deposit at Johnson tract hosts 2.14 million metric tons of...
Hecla Mining Company July 10 said silver production at its Greens Creek silver mine exceeded expectations during the first half of 2020, due to the higher grade ore mined there. The Southeast Alaska operation produced 5.53 million ounces of silver during the first six months of this year, a 20% increase over the 4.61 million oz produced during the first half of 2019. During the three months ending June 30, Greens Creek produced 2.75 million oz of silver, a 16% increase over...
Novagold Resources Inc. is taking the offensive against J Capital Research USA LLC, a company that released a fallacious report on Novagold in what is being considered a "short-and-distort" attack against the company that owns a 50% stake in the 39-million-ounce Donlin Gold project in Southwest Alaska. Basically, a short-and-distort scheme is when an investor or group of investors takes a short position in a company – a means of profiting from the decline of a company's s...
