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
At two metric tons per hour, the mill at WestMountain Gold Inc.'s Terra project is the smallest of the hardrock gold operations in Alaska. But with feedstock exceeding one ounce of gold per metric ton, the electrum recovered from this pilot plant will likely help finance ongoing drilling of the high-grade veins for which the project is known and a much larger deposit believed to be lurking nearby. After completing the set-up of this pilot plant, WestMountain fed 23 metric...
Many concerned Alaskans may have read former State Senator Clem Tillion's op-ed piece in the July 2, 2013, issue of the Alaska Dispatch concerning the royalty that might be paid to the people of Alaska should the Pebble Project one day become a mine. Sen. Tillion argues that at current rates, the royalties to the state would be insufficient to justify allowing the Pebble Project to go forward. His message seems to be that developing Alaska's resources, when properly...
Before we take a peek at what is happening across Alaska, I'd like to summarize a superb presentation on the world's exploration industry presented by MinEx Consulting's Richard Shodde at a mining conference in South Africa. He pointed out that since 1990 there has been a very strong correlation between gold price and exploration expenditures. While not earth-shattering in itself, he took the conclusion one step farther: analyst predictions for the gold price through 2020 are...
In the best of times, a government-sponsored mining incentives program could be a wise investment of public revenue to stimulate economic development in a mining-intensive jurisdiction like Yukon Territory. In a sustained capital drought like the one currently scorching the industry, funds awarded through the Yukon Mining Incentives Program can be the deciding factor in whether boots even hit the ground on many mineral exploration projects across the territory. Designed to promote and enhance mineral prospecting and explorati...
While Imperial Metals Corp. forges ahead with development of its Red Chris Mine Project in northwestern British Columbia, exploration fever is building a few miles to the northwest as Colorado Resources Ltd. delivers early excitement on ground that others have already explored. Not only has the junior's aggressive 2013 exploration program on the 5,188-hectare (12,820 acres) North ROK property attracted attention from investors, it also helped to draw a slew of other explorers to the area. The excitement started in April when...
Novagold Resources Inc. is well-equipped, not only to ride out the financial tempest that is battering most of the titanic gold producers and junior exploration companies, but to take advantage of the inclement market conditions that are forcing others to take shelter. "Notwithstanding the share price and the continued market conditions challenging mining equities, we find ourselves in a better position as a company than we had hoped," Novagold President Greg Lang informed...
Canadian Zinc Corp. in recent weeks has reported significant progress in wading through the final regulatory and financial obstacles that could potentially bar its path to bringing the Prairie Creek Mine Project into production. Prairie Creek Mine is an advanced-staged zinc-lead-silver project located 500 kilometers (310 miles) west of Yellowknife in southwestern Northwest Territories. Canadian Zinc is working to develop a 1,000-metric-ton-per-day underground mining operation at Prairie Creek using multiple methods to access...
Following an impressive decade-long run of consistent gains, has the price of gold reached its apex? Or, are the precious metal bulls taking a breather before stampeding to new historic highs in the months and years to come? This question of where gold prices are heading tends to perplex the most accomplished of economists. During a July 18 congressional testimony, Federal Reserve Chairman Ben Bernanke's admitted "that nobody really understands gold prices and I don't pretend...
