The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 16 of 16
Adding to the major Australian investments in unlocking Alaska's mineral potential by South32 Ltd. and Northern Star Resources Ltd., junior explorer Nova Minerals Ltd. is briskly expanding the multi-million-ounce gold resource it has outlined over the past three years on its Estelle gold property in the state's Southcentral region. According to a calculation published in April, the Korbel Main deposit at Estelle hosts 518 million metric tons of inferred resource averaging 0.3...
White Rock Minerals Ltd. is carrying out the largest exploration program at Red Mountain, an already district-scale project in Alaska that keeps getting bigger as the Australian explorer continues to find more zinc, silver, and gold mineralization on the outskirts of this now 323-square-mile (836 square kilometers) land package. By late May, White Rock had already begun a more than 10,000-meter drill program that is testing both intrusive-related gold targets at the Last...
In a recent case that crossed my desk, I was confronted by what seems to have been an easily avoided problem relating to the estate of a long-time, well-known, very sophisticated Alaska miner. Since he had a good estate plan in place and a supportive and interested family who was prepared to look after his mining interests in Alaska, I am confident that the reason this simple step was not taken was because his legal advisors simply missed it. Out of concern that there are othe...
Northern Star Resources Ltd.'s late 2018 acquisition of the Pogo gold mine in Alaska's Goodpaster Mining District was celebrated as both good news for the future of the underground gold mine and the rapidly expanding Down Under mining company's first major asset outside of Australia. "While the Pogo operation is currently our only asset in North America, it is a very good one to have," said Luke Creagh, Northern Star Resources' chief operating officer of the Pogo Mine and...
When Australia-based South32 Ltd. decided to expand its portfolio into the Northern Hemisphere, Alaska was its first stop. Under a deal struck with Trilogy Metals Inc. in 2017, South32 agreed to invest more than US$175 million to earn a 50% joint venture interest in the massive Upper Kobuk Mineral Projects in Alaska's world-class Ambler Mining District. After investing more than US$30 million to fully understand the mineral potential at UKMP, the major base metals producer...
The Mon gold project, currently the only fully permitted gold mining project in Northwest Territories, is advancing toward new production later this year. The project is located about 40 kilometers (25 miles) north of Yellowknife in the South MacKenzie Mining District. A high-grade quartz vein was discovered on the Mon property in 1937 by prospectors working for Cominco Ltd. during an aerial reconnaissance flight north of Yellowknife. In 1988 the property was optioned by...
Kinross Gold Corp. July 29 reported the new Barnes Creek heap leach pad is contributing to increased gold production at its Fort Knox gold mine about 25 miles north of Fairbanks, Alaska. During the second quarter of 2021, Fort Knox produced 63,302 ounces of gold, which is a more than 13% percent increase over the 55,815 oz produced during the first quarter and roughly 13% higher than the 56,031 oz of gold produced at the Interior Alaska mine during the second quarter of 2020....
Accounting for at least US$100 million invested in mineral exploration and mine development in Alaska during 2021, Australian companies continue to work along the entire breadth of the Last Frontier's mining industry – from discovery to doré. Following a year in which COVID-19 protocols and travel restrictions made exploring Alaska challenging, especially for companies headquartered half a world away, this impressive investment in Alaska's mining sector demonstrates that Do...
An Alaska-based mineral explorer that has long attracted Australian companies to projects it has generated, Millrock Resources Inc. is actively working with two such companies on gold exploration projects in Interior Alaska – Felix Gold Ltd. in the Fairbanks Mining District and Resolution Minerals Ltd. in the Goodpaster Mining District. "The exploration season is in full swing in Alaska," Millrock Resources President and CEO Greg Beischer said earlier this month. "Our f...
Hecla Greens Creek Mining Company is the recipient of Alaska Chamber's Rita Sholton Large Business of the Year award, which pays tribute to businesses that exemplify leadership, ethics, and organization. Alaska Miners Association Executive Director Deantha Skibinski, who nominated the Southeast Alaska silver mine for the prestigious honor, wrote, "Hecla Greens Creek exemplifies special involvement in Alaska's communities through an excellent business reputation, long-term comm...
If one were to stand in the dense, silent coastal forest at the head of the Taiya Inlet today, it would be nearly impossible to imagine that 123 years prior, this Southeast Alaska locale was home to Dyea, one of the most meteoric boomtowns in North American history. Transforming from the timeless presence of nature to a bustling city and then back again over the span of a few years, for a brief moment of history Dyea offered gold-hungry pioneers a final taste of civilization...
Brixton Metals Corp. July 26 announced the discovery of abundant visible gold in a previously unexplored outcrop at the Trapper target on its 1,000-square-miles (2,600 square kilometers) Thorn gold-copper-silver project in British Columbia's Golden Triangle. Situated about 55 miles (90 kilometers) northeast of Juneau, Alaska, the district-scale Thorn property hosts large-scale porphyry copper-gold-silver-molybdenum and volcanic-sediment hosted gold-silver targets. Located...
Fireweed Zinc Ltd. July 27 reported wide zones of mineralization have been encountered in the first three holes drilled this year at the Boundary West discovery on the company's Macmillan Pass zinc-lead-silver project in eastern Yukon, Canada. A road-accessible project next to the Northwest Territories border, the 940-square-kilometer (363 square miles) Macmillan Pass property blankets a roughly 55-kilometer- (34 miles) trend of potential zinc-lead-silver mineralization. Two...
Teck Resources Ltd. July 28 reported that the Red Dog Mine produced 260,000 metric tons (573.2 million pounds) of zinc during the first six months of 2021, more than a 22% increase over the 212,300 metric tons (468 million lb) of the galvanizing metal produced at the midway point of 2020. Likewise, the Northwest Alaska mine produced 54,300 metric tons (119.7 million lb) of lead during the first half of 2021, a 21% increase over the 44,800 metric tons (98.8 million lb)...
Alaska's largely untapped mineral potential continues to draw the interest of Down Under mining companies, including two Australian minerals explorers that picked up prospective land packages open to staking. Earlier this month, Australia-based Ragusa Minerals Ltd. announced that it had acquired Monte Cristo, a block of 500 state mining claims covering a 35-mile-long (55 kilometers) under-explored stretch of Southcentral Alaska east and south of two projects with...
High-grade deposits rich in copper, gold, and silver to bulk tonnage porphyry targets sought after by many of the world's major copper producers, Australia-based PolarX Ltd. has no shortage of targets to explore across its 22-mile- (35 kilometers) long Alaska Range property. As its name suggests, this property lies within the majestic and mineral-rich mountain range that arcs across the middle of the Far North state. PolarX' 2021 program is focused on two high-grade copper...
