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
Triumph Gold Corp. Oct. 2 announced the retirement of Paul Reynolds, who served as president and CEO of the Yukon-based mineral exploration company for the past five years. Former Triumph Gold Vice President of Exploration Tony Barresi now serves as president and John Anderson, the executive chairman of the company, will fill in as interim CEO. Barresi is an economic geologist with fifteen years of base and precious metal exploration experience. During his three-year tenure...
Banyan Gold Corp. Oct. 2 announced a second phase of 2019 drilling at Aurex-McQuesten, a Yukon gold project about 10 kilometers (six miles) south of Victoria Gold Corp.'s Dublin Gulch property. The 997-meter initial phase of 2019 drilling at Aurex-McQuesten focused on infill drilling at the Airstrip (formerly referred to as McQuesten) gold zone and discovery drilling at Powerline, a gold discovery zone about 1,000 meters south of Airstrip. The Powerline discovery holes cut...
Fortune Minerals Ltd. Oct. 3 reported that current cobalt markets do not support the idea of developing a larger mine at its Nico cobalt-gold-bismuth-copper project in Northwest Territories. A feasibility study published in 2014 considered a 4,650-metric-ton-per-day operation at Nico that would produce an average of 1,615 metric tons of battery-grade cobalt; 41,300 ounces of gold; 1,750 metric tons of bismuth; and 265 metric tons of copper annually. Fortune was studying the...
Novagold Resources Inc. Oct. 1 reported that field work will continue throughout the winter months at the 39-million-ounce Donlin Gold project in Southwest Alaska. This field program, which got underway in the spring, includes site investigation to collect additional geotechnical information needed for the requisite state permits for the dams to be built when a mine is developed at Donlin. "This program consists of geotechnical drilling (core and direct push) and field...
Millrock Resources Inc. Oct. 1 said it is investing the C$1.58 million it recently raised to position the company and its properties for expected improving markets for gold-focused exploration companies. "The moves Millrock has made over the past three months has positioned the company well for what appears to be a coming bull market in precious metals," said Millrock Resources President and CEO Greg Beischer. "We have developed an enviable gold project portfolio that is...
Nova Minerals Ltd. Sept. 30 said it is gearing up for a planned 25,000-meter drill program at its Estelle gold property in Alaska. The Australia-based explorer, which submitted applications for the permits needed to carry out the exploration and establish a permanent camp at Estelle, plans to have drills turning on the gold property in January. "We are currently in planning and permitting stage on the Estelle gold project and will be drilling as soon as permits are in," said...
PolarX Ltd. Oct. 1 announced that drilling has tapped encouraging porphyry copper mineralization at the Stellar project, part of the Australia-based explorer's Alaska Range property. This Stellar copper, however, was not encountered at Saturn, the primary target of porphyry exploration at Alaska Range. Instead, this mineralization was identified in core from the first hole drilled at Mars, another porphyry target at the opposite end of a 7.5-mile- (12 kilometers) long...
The Ambler Mining District in Northwest Alaska covers a more than 70-mile (115 kilometers) stretch of Earth's crust that is rich in a variety of precious, base and critical minerals. So rich, that nearly 40 years ago U.S. Congress wrote road access to Ambler into the laws of the land. Today, much of the Ambler District is covered by the Upper Kobuk Mineral Projects (UKMP), a partnership that brought Bornite and a number of other copper-rich prospects on Alaska Native lands...
