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
Kinross Gold Corp. July 27 reported that its Fort Knox Mine produced 77,184 ounces of gold during the second quarter of 2022, which is the highest quarterly gold production at the Interior Alaska operation in four years. The company attributed the strong quarterly gold output to a combination of higher-grade ore being fed into the mill, increased mill throughput, and more gold recovered from the heap leach pads. During the second quarter, the Kinross Alaska mill at Fort Knox...
Freegold Ventures Ltd. July 28 reported strong gold mineralization encountered in the Dolphin deposit, the Cleary Hill Vein System, and the vanishing gap between these two primary targets of drilling at the company's Golden Summit project about 20 miles north of Fairbanks, Alaska. According to a 2016 calculation, the Dolphin deposit hosts 61.5 million metric tons of indicated resource averaging 0.69 grams per metric ton (1.36 million ounces) gold; and 71.5 million metric tons...
Novagold Resources Inc. and Barrick Gold Corp. July 28 reported intercepts of up to 52.3 meters averaging 14.63 grams per metric ton gold from the first batch of assay results from an expanded 2022 program at the Donlin Gold project in Alaska. Being advanced toward a production decision by Donlin Gold LLC – a joint venture owned equally by Novagold and Barrick – this enormous mine project hosts 504.81 million metric tons of proven and probable reserves averaging 2.09 grams per...
In a move that could help it push the Pebble project across the permitting finish line, Northern Dynasty Minerals Ltd. has entered into an agreement with an unnamed investor for US$60 million over the next two years in exchange for royalties from the gold and silver that would be recovered as a byproduct of the copper produced if a mine is developed at the world-class deposit in Southwest Alaska. With an initial $12 million in good faith, this substantial investment could...
With the recently completed feasibility study showing an economically robust project, Kinross Gold Corp. has officially decided to move forward with developing a mine at the Manh Choh gold-silver project near the Village of Tetlin, Alaska. "At Manh Choh in Alaska, we completed a feasibility study ahead of schedule, and are proceeding with a project that we expect will add approximately 640,000 lower-cost gold ounces to our production profile over its life of mine in one of...
Benchmark Metals Inc. July 27 announced plans to drill multiple new targets near the AGB deposit on the company's Lawyers gold-silver project in Northern British Columbia. One of three deposits currently delineated at Lawyers, AGB hosts 11.37 million metric tons of pit-constrained measured and indicated resources averaging 1.05 grams per metric ton (384,000 ounces) gold and 43.9 g/t (16.1 million oz) silver. Benchmark has identified multiple intriguing targets adjacent to AGB...
North Arrow Minerals Inc. July 28 announced that the final recoveries from an 1,823.6-dry-metric-ton bulk sample collected last year from the Q1-4 diamond deposit indicate the potential for a population of high-value, fancy orange and yellow diamonds in the kimberlite on the Naujaat Diamond project in Nunavut. The results, representing the final 30% (498 dmt) of the bulk sample, is entirely from the A88 unit of the Q1-4 deposit and follows results from the initial 70% of the s...
Aston Bay Holdings Ltd. shares rocketed 33% on Monday on the news of visual confirmation of strong copper mineralization encountered in the first two holes American West Metals Ltd. drilled this year at Aston's high-grade Storm Copper Project on Somerset Island, Nunavut. Australia-based American West, which optioned Storm and the neighboring Seal Zinc project from Aston Bay early last year, recently launched its first drill program at Storm. The primary objective of this drill...
Fireweed Metals Corp. July 26 announced the start of its 2022 diamond drilling program at the Macmillan Pass zinc-lead-silver project in Yukon, Canada. The 544-square-kilometer (210 square miles) Macmillan Pass property blankets a roughly 55-kilometer (34 miles) trend of zinc, lead, and silver mineralization just west of the Northwest Territories border. Two of its more advanced deposits – Tom and Jason – host 11.2 million metric tons of indicated resource averaging 6.59% (1....
Teck Resources Ltd. July 26 reported another quarter of strong zinc production and revenues from its Red Dog Mine in Northwest Alaska. During the second quarter of this year, Red Dog produced 143,800 (317 million pounds) of zinc, 9% higher than the 131,600 metric tons (290.1 million lb) produced during the first quarter of this year and a slight increase over the 140,300 metric tons (309.3 million lb) produced during the same period of 2021. Second quarter lead production at...
