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
Agnico Eagle Mines Ltd. July 16 reported that its Amaruq and Meliadine gold mine projects in Nunavut are on track to begin production next year. On July 11, Crown-Indigenous Relations and Northern Affairs Canada Minister Caroline Bennett approved the Type A water license, which allows Agnico to begin construction and development of the Whale Tail pit at Amaruq. "We would like to thank the various regulatory agencies, both federal and territorial, the Inuit Organizations, the...
StrikePoint Gold Inc. July 16 said it has closed a deal to acquire Porter Idaho, a high-grade silver property in British Columbia's Golden Triangle, from Skeena Resources Ltd. Porter Idaho hosts the historic Silverado and Prosperity-Porter Idaho mines, silver-rich vein systems about 2,000 meters apart, on opposite sides of Mount Rainey. StrikePoint Gold said recent glacial retreat has exposed the ground between these past producing mines sites, providing the first opportunity...
Peregrine Diamonds Ltd. July 19 announced that De Beers Canada Inc. has agreed to buy the exploration company in a cash deal worth roughly C$107 million. Under the terms of the agreement, De Beers is to acquire all of Peregrine's outstanding common shares for C24 cents each, a 50 percent premium to Peregrine's share price of C16 cents on July 18. In May, Peregrine Diamonds published an updated preliminary economic assessment for its Chidliak project in Nunavut that envisions...
ATAC Resources Ltd. July 17 said results of the first three holes drilled at Osiris, the easternmost of three properties that make up the Rackla Gold property in the Yukon, show the expansion potential of the Conrad deposit. In June, ATAC Resources reported an inaugural resource for Osiris with 12.38 million metric tons of inferred resource averaging 4.23 grams per metric ton (1.69 million ounces) gold. Most of the gold outlined so far at Osiris is found in the Conrad zone,...
Victoria Gold Corp. July 18 said that while construction crews develop the Eagle Gold Mine, exploration continues across the wider Dublin Gulch property in the Yukon. "While mine construction is Victoria's primary focus this year, the company does not intend to let the untapped mineral potential of the Dublin Gulch property remain untested," said Victoria Gold President and CEO John McConnell. The open-pit, heap-leach operation being developed at Eagle Gold is expected to...
Celebrating its 75th anniversary this year, Usibelli Coal Mine (UCM) is Alaska's only operational coal mine. The company is proud to have an all-Alaska workforce of approximately 100 employees, of which more than one-third represent the second, third or fourth generations within their families to have worked at the mine. Today, Joe Usibelli Jr., the third generation of the Usibelli family, leads the mine as president, a position he's held since 1987. Each year UCM produces...
Millrock Resources Inc. July 18 said roughly US$5 million of partner-funded exploration is being carried out across its portfolio of mineral properties, including 10,000 meters of drilling at three projects in Alaska and Mexico. "We have plenty of potential catalysts to improve the Millrock share price through the discovery of valuable resources," said Millrock President and CEO Greg Beischer. Millrock Resources is a project generating mineral exploration company with five...
PolarX Ltd. July 17 reported that strong, visible copper and gold mineralization was seen in ZX‐18018, a recently completed hole that drilled about 100 meters below the current resource at the Zackly skarn deposit on the Australian explorer's Alaska Range property. A 13-hole drill program carried out in 2017 upgraded the historical Zackly deposit to 3.4 million metric tons of JORC- (Australian Joint Ore Reserves Committee) compliant inferred resource grading 1.2 percent (...
Constantine Metal Resources Ltd. said the first two holes of a 10,000-meter drill program at its Palmer joint venture project encountered wide intervals of silver-gold-zinc-lead-barite volcanogenic massive sulfide mineralization 150 meters southeast of the AG Zone, increasing the strike length of this 2017 discovery to 350 meters. Being carried out by a joint venture between Constantine Metal Resources (51 percent) and Dowa Metals & Mining Co. Ltd. (49 percent), this year's...
The Trump Administration's latest round of tariffs on Chinese goods includes a 10 percent levy on rare earth elements, a group of 17 elements on the periodic table with unique properties that make them key ingredients in a wide array of modern high-tech products such as terabyte hard-drives that fit in the palm of your hand, high-efficiency green-power generation and sophisticated military hardware. For decades, China has dominated the REE market and has largely controlled...
