The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 8 of 8
Dominion Diamond Corp. July 17 reported that it has reached an agreement to be bought by The Washington Companies in a deal worth roughly US$1.2 billion. Owned by billionaire Dennis Washington, The Washington Companies is a group of privately held North American mining industrial and transportation businesses. Washington has agreed to pay cash to acquire all of Dominion's outstanding common shares for US$14.25 per share, a 44 percent premium to Dominion's share price of...
The Lik zinc-lead-silver project in Northwest Alaska is under new ownership. Solitario Zinc Corp., the company that will now push Lik towards development, is the result of Solitario Exploration & Royalty Corp., a Colorado-based company, buying out Zazu Metals Corp., the company that has been advancing Lik over the past decade. Located some 14 miles from Red Dog, a mine that singlehandedly accounts for nearly 5 percent of the world's zinc production, Lik is situated in a...
A low-carbon future means there is going to be a lot more mining, according to a July 18 World Bank report. The report, “The Growing Role of Minerals and Metals for a Low-Carbon Future” sees the potential for a 200 to 1,000 percent in demand for a broad range of metals if the world is going to meet the temperature targets of the 2015 Paris Agreement on Climate Change. This is good news for areas rich in aluminum, copper, molybdenum, zinc, lead, lithium, manganese, nickel, sil...
Despite the obsession of the (District of) Columbians with health care, the Russians and Twitter, it seems to me that there are one or two good things to discuss when it comes to the new administration. For instance, with regard to health care, if the population of the United States is more or less 325,000,000 people and that if 25,000,000 people more or less are in some form of jeopardy with regard to health care, the fair inference is that 300,000,000 are not in such...
Freegold Ventures Ltd. July 18 reported results from the final six holes of a 27-hole oxide resource expansion drill program at the Golden Summit project about 25 miles north of Fairbanks, Alaska. Hole GSDL 17-28 cut 70.6 meters grading 0.82 grams per metric ton gold from surface. The oxide portion of this hole, which extended to a depth of 60 meters, averaged 0.36 g/t gold. Freegold said the results from this initial phase of 2017 drilling indicate the potential for expansion of the current oxide resource at Golden Summit....
TMAC Resources Inc. July 14 reported that ramp up to full operation at its Hope Bay gold mine in Nunavut is slower than expected, resulting in less cash-flow than the company had budgeted. "Our entire site-based team's focus - assisted by our metallurgical consultants and Gekko, the manufacturer of the processing plant, and other vendor and consultant teams - is to improve plant availabilities and ramp up to planned rates through an optimization process," said TMAC CEO...
TerraX Minerals Inc. July 18 reported high-grade gold and silver in the first batch of results from surface sampling from the Eastbelt property, the newest addition to the company's Yellowknife City Gold project immediately adjacent to the capital of Northwest Territories. "The discovery of high grade gold and silver during surface sampling on our newly acquired Eastbelt property is an excellent start to an extensive district scale exploration program now underway," said TerraX CEO Joe Campbell. The two most significant...
Auryn Resources Inc. July 17 reported the start of a 15,000-meter drill program at Homestake Ridge, a northwestern British Columbia gold project the company acquired in September. According to a 2012 calculation, the three main deposits at Homestake host 604,000 metric tons of indicated resource averaging 6.4 grams per metric ton (124,000 ounces) gold; 48.3 g/t (939,000 oz) silver; and 0.18 percent (2.4 million pounds) copper. Additionally, these deposits host 6.77 million metric tons of inferred resource averaging 4.2 g/t...
