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
Although the Alaska mineral industry is in better health in the middle of 2018 than it has been in the last five years, the spirited recovery that was in progress in the first quarter of the year is now looking more like a dead-cat bounce – a minor recovery after a long down trend. This is particularly true of the exploration sector. Reviewing the Alaska minerals industry, you will note that several exploration projects are only now commencing their 2018 exploration p...
TerraX Minerals Inc. July 25 said its summer field program has extended gold zones on its Yellowknife City Gold project in Northwest Territories. This 771.6-square-kilometer project is divided into three claim blocks – Northbelt, which extends north of Yellowknife, Southbelt, which lies south of the NWT capital city, and Eastbelt, a newly acquired land package immediately to the east. Earlier in July, the company reported assay results from channel sampling around the past p...
PolarX Ltd. July 24 reported that drilling at its Alaska Range project continues to cut stellar visible copper mineralization beyond the Zackly skarn deposit. 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 (90.4 million pounds) copper, 2 grams per metric ton (213,000 oz) gold and 14 g/t (1.5 million oz) silver. This...
Osisko Metals Inc. July 24 announced plans to step up the pace of its already aggressive drill program at the Pine Point zinc project in Northwest Territories. "It's our intention to keep moving this project forward aggressively in order to capitalize on the current favorable zinc market fundamentals," said Osisko Metals President and CEO Jeff Hussey. Located about 42 kilometers (26 miles) east of Hay River, Pine Point is the site of a historical mine operated by Cominco (now...
IDM Mining Ltd. July 24 reported high-grade gold and silver results from trenching at the Money Rock zone at the Lost Valley target, which is about 4,000 meters south of the resource at the company's Red Mountain gold project near Stewart in British Columbia's Golden Triangle. IDM first sampled the Money Rock prospect area in 2016. "This discovery, which appears to be part of a stacked set is an obvious new drill target at Red Mountain," IDM President and CEO Rob McLeod said a...
Northwest Territories may fall behind Canada's two other territories in mining activity in the near-future, but projects underway in the northern jurisdiction hold substantial promise for mid- to long-term gains, especially if many current roadblocks come down. "Optimism is warranted for the territory's mining sector and the broader economy it drives," said Wally Schumann, minister of industry, tourism and investment for the Government of Northwest Territories. But...
Solitario Zinc Corp. July 23 reported that Teck Resources Ltd. has begun a field program at Lik, a high-grade zinc project near the Red Dog Mine in Northwest Alaska. Solitario gained a 50 percent ownership of Lik when it bought Zazu Metals Corp. in 2017. Prior to this buy-out, Zazu had been funding and operating the exploration at Lik under an arrangement that provided it the opportunity to earn 80 percent interest in the property by meeting spending requirements. While Zazu...
Trilogy Metals Inc. July 20 filed a technical report that includes the 77 million pounds of cobalt resource outlined so far at the Bornite project in Northwest Alaska. "Now that we have filed the new technical report for the Bornite project, the next step is to finish the metallurgical test work on the cobalt resources, which we expect to be completed by the end of the year," said Trilogy Metals President and CEO Rick Van Nieuwenhuyse. In total, Bornite is estimated to host...
Extremely hard and with the highest melting point of all the elements on the periodic table, tungsten is a vital ingredient to a wide-range of industrial and military applications, yet none of this durable metal is currently mined in the United States. According to the United States Geological Survey, more than half of the tungsten consumed in the U.S. last year was used to make the cemented tungsten-carbide, a compound typically made with equal parts tungsten and carbon....
About 26 months ago, the Alaska Department of Natural Resources announced its intention to modify the regulations concerning the location of mining claims on state land. The process of amending regulations is a clumsy one at best, complicated by substantial considerations of public interest, judicial interpretations and stakeholder concerns. Mining is the second largest industry in Alaska, and the vast bulk of mining interests are on state land. Furthermore, the potential for...
