The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 11 of 11
As the rest of the country suffers through the Dog Days of summer, Alaska is approaching the end of a topsy-turvy summer season that saw unseasonably hot, dry weather in some parts of the state during some parts of the summer, while other parts of the state have seen record rainfall and unseasonably early snowfall. Gold prices have skyrocketed over the $1,500 per ounce mark and silver prices have moved strongly up, now trading at a one-year high. However, copper and zinc are a...
Seabridge Gold Inc. Aug. 27 announced the start of a 4,000-meter drill program designed to follow-up on high-grade gold identified during 2018 geotechnical drilling within the proposed Sulphurets pit at the company's KSM project in British Columbia's Golden Triangle. The four main deposits at KSM – Kerr, Sulphurets, Mitchell and Iron Cap –host 2.98 billion metric tons of measured and indicated resources averaging 0.52 grams per metric ton (49.7 million ounces) gold, 0.21 per...
Osisko Metals Inc. Aug. 27 announced the start of a 5,000-meter fall drill program targeting expansion areas at its Pine Point zinc-lead project in the Northwest Territories. Cominco Ltd. (now Teck Resources) mined zinc-lead ore from a series of 50 surface and underground deposits along a 60-kilometer (37 miles) corridor at Pine Point from 1964 to 1988. Over the past couple of years, Osisko drilled 1,031 holes in and around historical resource areas along two parallel trends...
By 1898, the Klondike Gold Rush was beginning to wane and many of the roughly 100,000 people that trekked to the Yukon were seeking new regions to make their golden fortunes - moving in every direction at the merest mention of a new discovery. Many of these Klondike Gold Rushers headed west to the golden beaches of Nome whilst others would return south and discover the richest gold mining region of British Columbia, the Atlin District. Considered one of the most important...
Yukon Territory, a mineral exploration frontrunner in Canada's North, is witnessing a significant slowdown in 2019. As a result, growth in Yukon's economy is expected to slow this year but rebound in 2020, according to The Conference Board of Canada. In its "Territorial Outlook Economic Forecast: Summer 2019," released in June, the board said new mines coming online in 2020 will drive Yukon's growth in the near future. Several factors, however, have converged to put the...
United States Bureau of Land Management Aug. 30 published the Draft Environmental Impact Statement for the proposed Ambler Mining District Industrial Access Road to the Federal Register, marking the official start of a 45-day public comment period for this proposed 211-mile transportation corridor to one of the richest undeveloped minerals districts in Alaska. Alaska Industrial Development and Export Authority, which is expected to build and maintain the Ambler road and be...
Northway Resources Corp., a new company with two gold exploration properties in Alaska, Aug. 26 announced the completion of an initial public offering and listing on the TSX Venture Exchange. "We are very excited about closing this transaction and being listed as a new public company on the TSXV," said Northway Resources President and CEO Zach Flood. "Northway Resources was founded last year with the primary focus to explore for gold in Alaska." Northway is currently focused...
Ucore Rare Metals Inc. Aug. 29 reported that Alaska Gov. Michael Dunleavy has asked the White House to designate Bokan-Dotson Ridge rare earth project as a high priority infrastructure project, which would expedite the permitting process for this potential critical metals mine in Southeast Alaska. "The state of Alaska understands the critical nature of a secure supply chain for rare earth minerals in the United States. We are seeking your support to have this Alaskan rare...
Quaterra Resources Inc. Aug. 26 announced the start of a 1,500-line-kilometer ZTEM (z-axis tipper electromagnetic) geophysical survey at Groundhog, a 40,000-acre property that covers a northern extension of a structural zone that hosts several porphyry targets and deposits, including the world-class Pebble copper-gold-molybdenum deposits about three miles to the south. Alaska Earth Sciences, an Anchorage-based geological consulting firm, discovered the Groundhog prospect and K...
The Koniag Inc. region covers the Kodiak Archipelago, a group of islands off the southern coast of mainland Alaska better known for their enormous brown bears than vast mineral potential. The Alutiiq people that arrived on Kodiak, Afognak and surrounding islands more than 7,500 years ago were skilled mariners who were deeply connected to the ocean for food and supplies. Over the millennia, these roaming seafarers settled into whaling and fishing villages that sheltered...
It is no secret that much of the western United States was built on the back of natural resources found on federal land or within adjacent federal waters. Likewise, it is no secret that prior to 1964, resource development companies, and many other productive industries, externalized the cost of doing business by discharging often toxic waste into the adjacent environment without regard to the persistent effect of doing so. No one denies that over the past 50 years the...
