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
Finalizing a deal initiated in 2008, Yow Capital Corp., now Caribou Copper Resources Ltd., has set out to explore the Caribou Dome copper property in Southcentral Alaska, about 160 miles, or 257 kilometers, northeast of Anchorage. In rapid-fire fashion, the new Alaska explorer secured an option to acquire the high-grade copper project, closed a C$1.2 million financing and began mobilizing equipment for a late-season drill program at Caribou Dome. While in transit to the...
Although Alaska's summer field season is quickly coming to an end, the mineral industry continues to gain momentum thanks to rapidly increasing metals prices, fueled in part by growing industrial demand and an astonishing increase in investment demand for metals like gold and silver. Goldfields Mineral Service reported that for the period 1993 to 2000, world gold investment averaged about 383 metric tons of metal per year, while annual gold investment for the period 2001 throu...
It's the most wonderful time of the year. Throughout the State state of Alaska, people are starting to make preparations for winter. Placer operators are thinking about the final clean-up, seasonal exploration projects are starting to button up remote camps and winterize field gear, the Alaska Miners Association staff is gathering together the material for the annual convention, and the Alaska Department of Natural Resources is gathering money from claim rent. Although it is...
Built on a project generator model, Millrock Resources Inc. has teamed up with Kinross Gold Corp., Altius Resources Inc. and Vale Exploration Canada to seek out and explore new large gold and copper projects in Alaska and Arizona during a tough financial market. "Millrock continues to march steadily forward, meeting corporate milestones in a timely manner despite challenging market conditions," Millrock President and CEO Gregory Beischer said. "The company has acquired an...
About 100 scientists, engineers, and regulators attended the 2009 Northern Latitudes Mining Reclamation Workshop held in Yellowknife, Northwest Territories, Sept. 8-11. Presenters delivered 22 professional papers during the two-day workshop, and participants also took field trips to the Snap Lake diamond mine and the now-dormant Giant and Con gold mines, which once were the heartbeat of Yellowknife. The capital of Northwest Territories was a fitting location for the workshop, since the two large gold mines that once...
NIXON FORK - After purchasing the Nixon Fork Mine for C$3 million, Fire River Gold Corp., the newest member of the International Metals Group, is on track to start producing gold at the high-grade gold mine in western Interior Alaska as early as 2010. Fire River Gold acquired the turnkey gold project from Pacific North West Capital Corp., another International Metals Group company, by paying US$500,000 in cash and issuing 6.415 million, or about 43 percent, of Fire River...
Mantra Mining Inc. reported several major developments recently, including plans to spin off properties with significant zinc mineralization, changing its name and completion of planned 2009 work programs on its exploration properties in Alaska. The Vancouver, B.C.-based junior said it would hold a special meeting Sept. 25 to seek approval from shareholders to pass a special resolution that will spin out the properties in a company called AsiaBaseMetals Inc. The transaction would involve each existing Mantra shareholder...
SONORA GULCH - Scattered along the Dawson Range, Northern Tiger Resources Inc.'s nine gold and copper projects are located in one of the Yukon Territory's more affluent mineralized neighborhoods. "It's a great address to be in," said Northern Tiger Resources President and CEO Greg Hayes during a recent tour of the area. "Between Underworld, Minto, Northern Freegold and us, there have been a lot of great drill results over the last year or so." Though the Edmonton,...
The hunt for gold launched by Underworld Resources Inc. more than a year ago in Yukon Territory's Dawson Mining District is yielding more encouraging results for the junior at its White Gold Project. Meanwhile, other mining companies, including Anglo Canadian Uranium Corp., Aldrin Resource Corp., Radius Gold Inc. and Habanero Resources Inc., are rushing to get in on the action, staking more than 6,000 new placer and quartz claims in the Dawson area since April 1. Underworld reported discovery of more than 100 meters of...
The Canadian government has approved C$130 million in funding for construction of the Northwest Transmission Line in northern British Columbia, a power conduit that could eventually connect with Alaska. The 335-kilometer transmission line will carry hydroelectricity to communities in the northwest region of the province, and provide a clean and reliable source of power, while enabling development of an estimated 2,000 megawatts of renewable electricity generation from small hydro, geothermal and wind sources. "Our government...
First Coal Corp. Sept. 2 said British Columbia's Chief Inspector of Mines has approved an application to amend the Vancouver-based junior's exploration permit and extract a bulk sample of up to 50,000 metric tons of coal from its Central South property near Chetwynd in northeastern British Columbia. First Coal has more than 90,000 hectares, or 357 square miles, under tenure license or under application for license in the Peace River Coalfield near Chetwynd, which has a historic resource estimate of 1.6 billion metric tons of...
Peregrine Diamonds Ltd. has discovered seven additional kimberlites on its 9,800-square-kilometer, or 3,784-square-mile, Chidliak Project in Nunavut, and recent tests yielded discovery of large diamonds and a coarse diamond size distribution in representative drill core samples collected from the CH-6 kimberlite. "We believe these microdiamond counts from CH-6 are some of the best results in the history of Canadian diamond exploration and a testament to the outstanding potential of Chidliak," Peregrine CEO Eric Friedland...
