The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 12 of 12
Roughly 74 percent of U.S. Bureau of Land Management-administered lands in Alaska's Eastern Interior region will be off limits to mining, according to the preferred resource management plan published July 30 by the federal land manager. BLM is responsible for the management of 6.5 million acres in the federal government's Eastern Interior planning area, a roughly 30-million-acre, triangle-shaped expanse of eastern Alaska that stretches from the Yukon Territory border to a...
Atac Resources Ltd. Aug. 2 reported the conclusion of an agreement to sell Arcus Development Group Inc. its 50 percent interest in the Dawson Gold Joint Venture. Formed in 2012, the JV contains four mineral properties - Dan Man, Touleary, Green Gulch and Shamrock - located in Yukon Territory's White Gold District. In exchange for full ownership of the JV properties, Arcus will issue Atac 10,869,910 common shares, which will result in Atac holding 19.99 percent of Arcus' issued shares. Arcus also will issue to Atac 5 million...
Strategic Metals Ltd. Aug. 3 posted results from exploration at its OOO property, a silver-gold property located midway between Goldcorp Inc.'s Coffee gold project and Rockhaven Resources Ltd.'s Klaza gold-silver project. The silver- and gold-rich epithermal veins at OOO have received little historical exploration and have never been drilled. Strategic dug a trench (TR-16-01) by hand across a strong linear where a 2015 rock sample returned 6,680 grams per metric ton silver, 30.22 percent lead and 0.80 g/t gold. Chip sample...
Mountain Province Diamonds Inc. Aug. 3 said the commissioning of the Gahcho Kué diamond plant in Northwest Territories has been completed ahead of schedule and the ramp up to commercial production has commenced. Gahcho Kué remains on track to achieve commercial production on schedule during the first quarter of 2017. A joint venture between De Beers Canada (51 percent) and Mountain Province Diamonds (49 percent), Gahcho Kué is anticipated to produce 53.4 million carats of diamonds over a 12-year mine-life, according to a 20...
With immense sadness, Ucore Rare Metals Inc. Aug. 2 reported the sudden passing of COO Ken Collison, a mining engineer highly regarded both professionally and personally. "Ken was a towering figure in the mine engineering industry," said Ucore President and CEO Jim McKenzie. "His outstanding successes at Ucore, Coeur Alaska, Crandon Mining, and Blue Pearl Mining/Thompson Creek speak to the diversity of his accomplishments in developing best-of-breed mining and minerals processing facilities." As COO of Blue Pearl...
Coeur Mining Inc. July 27 said the costs to produce each ounce of gold at its Kensington Mine reached a new historical low in the second quarter. The Southeast Alaska operation churned out 32,210 oz. gold at US$740/oz. during the period, compared with 29,845 oz. gold at US$745/oz. during the same period a year earlier. In recent years Coeur has implemented a plan aimed at increasing gold output and lowering production costs at Kensington. "In 2012, costs per oz. there were...
Kinross Gold Corp. July 27 reported that its Fort Knox Mine in Interior Alaska produced 97,221 ounces of gold in the second quarter, down 16 percent from output of 116,061 oz. during the same period in 2015. The company attributed the lower production primarily to lower mill grades and recoveries. The mill at Fort Knox processed 3.47 million metric tons of ore averaging 0.64 grams per metric ton gold during the second quarter of 2016, compared with 3.35 million metric tons at...
Teck Resources Inc. July 27 reported that its Red Dog Mine in Northwest Alaska produced 152,900 metric tons of zinc and 27,100 metric tons of lead during the second quarter of 2016. This is about a 1 percent drop for zinc and a 13 percent drop for lead, when compared with production during the same period of 2015. The company expects Red Dog's zinc production to continue to trend downward through the balance of 2016, due to lower grades of ore in the mine plan. Despite this...
Coventry Resources Ltd. July 28 said its 2016 field program has extended mineralization at its high-grade Caribou Dome copper project in Alaska by more than 1,000 meters. A historical reserve of 550,000 short tons averaging 5.84 percent copper was calculated for the Caribou Dome deposit in 1970. Coventry's 2016 program of ground geophysics, drilling, mapping and soil sampling is targeting extensions of this deposit, primarily to the northeast. These IP anomalies are located...
Agnico Eagle Mines Ltd. July 28 provided an update on its gold projects in Nunavut. The company's Meadowbank Mine produced 144,713 ounces gold at total cash costs of US$789/oz. through the first half of 2016, compared with 179,799 oz. gold at US$672/oz. during the first six months of 2015. The lower production and higher costs are primarily due to lower mill throughput this year. Agnico is investigating opportunities to extend production at Meadowbank through year-end 2018....
TerraX Minerals Inc. July 28 reported the start of a 27,000-meter drill program at its Yellowknife City Gold project in the Northwest Territories. Drilling is now underway on the Mispickel target, where discovery drilling during the winter of 2016 program cut 8.6 meters averaging 12.87 grams per metric ton gold and 7.3 meters of 23.6 g/t gold. Encouraged by these results, the company drilled five more holes at Mispickel at the end of the winter program. The best intercept of...
Strategic Metals Ltd. July 28 posted results from the initial phase of 2016 exploration at its Hartless Joe gold-silver property, located 28 kilometers (17 miles) northeast of Whitehorse, Yukon Territory. High-grade results were obtained from three showings in the north-central portion of the property. Highlights from continuous chip samples taken from bedrock exposed in hand trenches include: 462 grams per metric ton gold and 79.6 g/t silver over 0.40 meters at Queen showing; 44.3 g/t gold and 375 g/t silver over 2.1 meters...
