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
Sumitomo Metal Mining Pogo LLC Sept. 30 reported production of 3 million ounces of gold at its Pogo Mine in Interior Alaska. To mark the occasion, 25 mine employees were selected by drawing to view the historic gold pour. This production milestone comes just over a month after the mine reached a significant safety milestone, working more than two years without a lost-time injury. "The journey to three million ounces has taken 10 years of planning and permitting and more than...
Group Ten Metals Inc. Sept. 24 reported the acquisition of the Duke Island copper-nickel-platinum group element project in Southeast Alaska from Quaterra Alaska Inc., a subsidiary of Quaterra Resources Inc. The property consists of 31 unpatented claims that control the core area of copper-nickel-platinum group element sulfide mineralization discovered by Quaterra in 2001. Four large zones of mineralization have been identified on the property. Only one of these zones has been...
Coventry Resources Inc. Sept. 30 provided assay results for three holes drilled its Caribou Dome copper project located about 155 miles northeast of Anchorage. CD15-15, the first of six holes drilled to test for extensions of the new copper-sulphide mineralization discovered at the Lense 7/8 Target, cut 3.5 meters averaging 9.3 percent copper from 72.9 meters and 1.9 meters averaging 10.8 percent copper from 116 meters. The company said multiple intervals of semi-massive to...
Aurora Energy Services LLC, the company operating the Seward Coal Loading Facility on behalf of the Alaska Railroad Corp., Sept. 22 said the facility will be idle for the remainder of 2015. The facility loads coal shipped by rail from Usibelli Coal Mine Inc.'s Healy operations onto ships bound for delivery to customers along the Pacific Rim. A drop in coal prices, coupled with a strong U.S. dollar, has weakened the demand for coal from Alaska. Usibelli mined roughly 1.5...
Kaminak Gold Corp. Sept. 28 reported that it intends to raise C$22.5 million in a non-brokered private placement to Electrum Strategic Opportunities Fund L.P., Ross Beaty and Zebra Holdings and Investments S.à.r.l., Luxembourg. Beaty and Zebra Holdings each currently own a 7.33 percent interest in Kaminak. Kaminak's financing involves the issuance of 27,439,024 units, made up of one company share and half a purchase warrant, at a price of C82 cents per unit. Each whole...
Goldrich NyacAu Placer LLC ramped up late-season production at Chandalar, a northern Alaska project that is shaping up to be one of the largest placer gold operations in North America. Goldrich Mining Co., which owns 50 percent of the partnership to mine the rich placer deposits at Chandalar, said the startup operation produced 4,400 ounces of alluvial gold over 35 days of production that began in August. "The beginning of mine production is a significant milestone for the...
Pretium Resources Inc. Sept. 30 reported the fourth set of results from a more than 40,000-meter underground infill drill program at the Valley of the Kings deposit of its Brucejack gold project in northern British Columbia. Results continue to confirm the style and grade distribution of the gold mineralization in the area were mining is slated to begin. The best intercepts from this batch of results include: 74.62 grams of gold per metric ton uncut over 18 meters of hole...
Auryn Resources Inc. Sept. 25 said it has completed the acquisition of North Country Gold Corp. Under the arrangement proposed in July, North Country shareholders received one Auryn share for each 10 North Country common shares held. Roughly 99.85 percent of North Country shareholders approved the merger during a special meeting held on Sept. 18 and final approval for the arrangement was obtained from the Court of Queen's Bench of Alberta on Sept. 22. North Country is now a...
TerraX Minerals Inc. Sept. 23 reported that it has staked an eight-kilometer (five miles) extension of the Yellowknife Greenstone Belt, immediately south of the historic Con Mine. This newest addition to TerraX's Yellowknife City Gold project consists of five claims totaling 16.7 square kilometers (6.4 square miles). During a two-day reconnaissance program on the northeastern third of the Southbelt property prior to staking, 12 structures were noted and 44 grab samples were...
Strategic Metals Ltd. Sept. 30 announced the discovery of high-grade gold mineralization at its Hartless Joe property, located 28 kilometers (18 miles) east-northeast of Whitehorse, Yukon Territory. A continuous chip sample taken across the discovery outcrop graded 60 grams per metric ton gold, 554 g/t silver, 5.01 percent lead, and 0.35 percent copper over 1.2 meters. The chip sample was taken from a quartz-rich band that is either an exhalite horizon or a flat-lying vein. Th...
Copper North Mining Corp. Sept. 23 reported results from drilling at Zone 13 of the Carmacks copper-gold-silver project in the Yukon Territory. Results from 13 holes have confirmed a near-surface zone of oxide copper, as well as a transition zone with native and sulphide copper mineralization that remains open along strike and to depth. Highlights from this drilling include 31.3 meters of 0.8 percent copper, 01.8 grams per metric ton gold and 2.57 g/t silver in hole CN15-13;...
Millrock Resources Inc. has cut a deal to buy the Apex-El Nido property, home to two historical high-grade gold mines in Southeast Alaska that have largely been forgotten. Located on Chichagof Island, about 70 miles southwest of Juneau and about the same distance northwest of Sitka, the Apex and El Nido mines churned out at least 17,000 ounces of gold from ore that averaged about 1.4 ounces per-ton gold during spurts of mining carried out between 1922 and 1940. While very...
