The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 8 of 8
Tom Kizzia has written a biographical account of the life and times of Robert Hale, who some folks will recall was a high-profile figure in the fight of in-holders to secure their statutory right to access their property in the middle of the past decade. Although the relevance of Hale to the history of Alaska was his conflict with the National Park Service in the Wrangell-Saint Elias National Park, Kizzia, unfortunately, takes the reader on a long and torturous frolic and deto...
A new preliminary economic assessment has stripped away the idea of underground mining as the only means to recover the copper, zinc, lead, silver and gold from the volcanogenic massive sulfide deposit at the Arctic deposit. Instead, the scoping study has encouraged NovaCopper Inc. to favor an open-pit mine scenario as it advances the Northwest Alaska project towards a pre-feasibility study. "We think this (PEA) demonstrates that the open-pit is a viable alternative; and I...
This month's mining news is a smorgasbord to delight the appetites of explorers, developers and miners alike. We had quarterly reports out from Teck, Kinross, Hecla and Coeur d'Alene discussing their respective results from operating mines around the state. We had one preliminary economic analysis by NovaCopper on its Arctic massive sulfide project and one feasibility study announced by International Tower Hill Mines Ltd. on its Livengood gold project. We had Freegold and...
A substantial amount of mining activity continued apace in Yukon Territory this season even though most mining companies are shying away from the anorexic capital markets. Many exploration companies raised funds in other ways, turning out their pockets to return to Yukon in 2013 to explore for Carlin-style gold mineralization in the east-central region of the territory, for more gold-bearing structures in the White Gold and Klondike districts to the west and for other styles and types of mineralization elsewhere in the territ...
While explorers in eastern Yukon Territory were taking time to understand their properties this season, the few companies working projects in the White Gold and Klondike districts to the west seemed to be pursuing their targets with the same urgency as companies exhibited in prior years. This year, however, the juniors chasing gold prospects in the area were trying to get as much done as possible while spending the least amount of money. Hampered by a prolonged capital drought in the industry, most of these companies eagerly...
Building and operating a mine at the 20-million-ounce Livengood gold project would lose money at today's US$1,300-per-ounce gold price, according to the results of a feasibility study published July 23 by International Tower Hill Mines Ltd. In fact, the 100,000-ton-per-day mine outlined in the study does not break even until the gold price approaches US$1,500/oz. International Tower Hill management, though, remains optimistic that developing the multimillion-ounce gold...
TMAC Resources Inc. is poised to enter the final stretch for development of its recently acquired Hope Bay gold project in northern Nunavut. Working with a timetable aimed at initiating gold production from the project's Doris North deposit in the fall of 2015, the company is focused this summer on completing a prefeasibility study begun in July, a surface exploration program undertake for 2013 and a sealift to the project site of main supplies for 2013/2014, equipment, materials and camp return as well as underground...
Fire River Gold Corp. has dug a deep hole at Nixon Fork- not only a drift to the high-grade gold for which the mine is known but also a more perilous financial deficit that could result in the Vancouver B.C.-based junior losing the remote Alaska operation. Laden by heavy debt and unable to reach commercial production Fire River, in late June, said it was placing Nixon Fork on care and maintenance "until a revised operating plan has been developed and market conditions improve....
