The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 7 of 7
From wide zones of high-grade copper and zinc in resource expansion drilling to a discovery hole with grades worthy of being compared to Greens Creek, Constantine Metals Resource and Dowa Metals & Mining's 2017 drill program at the Palmer volcanogenic massive sulfide project in Southeast Alaska is off to a great start. After investing US$22 million into Palmer over the previous four years, Dowa Metals & Mining Alaska Ltd. earned a 49 percent joint venture interest in the...
Ucore Rare Metals Inc. July 31 announced that it has entered into an agreement to sell SuperLig-One to Orca Holdings LLC and then lease back the rare earth separation pilot plant from Orca, a Ketchikan, Alaska-based enterprise controlled by Ucore advisory board member Randy Johnson. Under the terms of the agreement, Orca will pay Ucore of US$2 million for SuperLig-One and then lease the plant back to Ucore over a 3-year term at an annual lease rate of 15 percent. At the option...
At a recent mining industry panel discussion at the Western States Land Commissioners Association meeting in Anchorage, I was asked if the recent upturn in activity in the Alaska mining industry was a function of commodities prices or a growing worldwide recognition of Alaska's enormous mineral potential. I answered that I thought neither factor was driving the Alaska mineral industry revival: commodities prices have been steady or rising slowly over the last year and...
Agnico Eagle Mines Ltd. July 26 reported positive results from its Meadowbank gold mine and two development projects in Nunavut. The Meadowbank Mine produced 95,289 ounces of gold in the second quarter, a nearly 32 percent increase over the 72,401 oz produced during the same period last year. The company now expects to extend production at Meadowbank through the end of 2018 and is evaluating opportunities to further extend production into 2019. Any such extensions would...
Millrock Resources Inc. July 26 reported that it has closed the sale of the Stellar copper-gold project to Vista Minerals Pty Ltd. Upon completion of the deal, Vista successfully merged with Coventry Resources, which owns an option on Caribou Dome, a high-grade copper project bordering Stellar. Coventry simultaneously announced that it had successfully raised AUS$5.5 million to further exploration on the now merged property. Upon closing of the three-way deal, Millrock owns a 10.6 percent of Coventry Resources, which is to be...
Teck Resources Ltd. April 25 reported the Red Dog Mine in Northwest Alaska produced 127,800 metric tons of zinc during the first quarter, a sixteen percent drop compared to the same period last year. The company attributed this drop to challenges of processing the higher grade but more complex ore from Qanaiyaq, the new pit at Red Dog. During the first quarter, ore from Qanaiyaq pit was introduced to supplement declining grade ore from the Aqqaluk pit. However, mill performance was adversely affected by these metallurgically...
Ascot Resources Ltd. July 28 reported additional high-grade gold results from its extensive drill program a Premier, a large property near Stewart British Columbia that blankets the historic Premier Mine, which produced 2.1 million ounces gold and 44.9 million oz starting in 1918. The company said drilling at Northern Lights, a zone just northwest of the historical mine areas at Premier, continues to deliver good results. P17-1366, drilled in a subzone of Northern Lights...
