The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 9 of 9
CopperBank Resources Corp. Oct. 4 said results from the first two holes of its 2017 drill program at Pyramid demonstrate the expansion potential of the copper deposit on the Alaskan Peninsula. 17PY032, the second hole of the 2017 program cut three mineralized intercepts: 40 meters of 0.33 percent copper, 0.1 percent molybdenum and 0.07 g/t gold from 11 meters; 51.3 meters of 0.34 percent copper, 0.02 percent molybdenum and 0.1 g/t gold from 67 meters; and 201 meters of 0.48...
Kennady Diamonds Inc. Oct. 3 announced a maiden inferred resource for the Faraday kimberlites at its Kennady North project in Nunavut of 5.02 million carats of diamonds in 3.27 million metric tons of kimberlite averaging 1.54 carats per metric ton. The diamonds at Faraday have an estimated average value of US$98 per carat. "The 5-million carat Faraday inferred resource builds upon our Kelvin indicated resource of 13.62 million carats, and represents another significant step...
As the U.S. Environmental Protection Agency wraps up a public comment period on its proposal to withdraw pending restrictions on Pebble, plans for an “environmentally-optimized” mine at the world-class Pebble copper project in Southwest Alaska are beginning to take shape. Pebble Partnership CEO Tom Collier rolled out this “new path forward” for Pebble at Resource Development Council’s Oct. 5 breakfast forum in Anchorage. In formulating the new Pebble Mine, the Pebble Pa...
Canadian Zinc Corp. Sep. 28 said a recently completed feasibility study on Prairie Creek confirms the mine project in Northwest Territories can support a significant increase in the mining rate, which will result in higher quantities of zinc, lead and silver at a lower operating cost as compared to the mine plan presented in a pre-feasibility study completed last year. "As part of the 2017 feasibility study, a number of optimization programs recommended in earlier preliminary feasibility studies were completed which had a...
Aben Resources Ltd. Oct. 4 said drilling has expanded the Boundary zone at its Forrest Kerr gold project in the Golden Triangle region of northwestern British Columbia. Hole FK17-04, the first hole drilled at Boundary this year, cut 10 meters of 6.7 grams per metric ton gold, 6.4 g/t silver and 0.9 percent copper. Aben said this was a subsection of larger intercept that returned 0.26 over 387 meters. "The discovery of high-grade, near-surface gold mineralization in hole FK17-04, and the fact that it is a 280-meter step out...
Seabridge Gold Oct. 3 reported more long intercepts of gold and copper at the Lower Iron Cap deposit at its KSM project in northwestern British Columbia. One hole testing the down-plunge projection of Iron Cap cut 491 meters averaging 0.98 grams per metric ton gold and 0.6 percent copper. Seabridge said long runs of higher grades continue to support revisions to the KSM's mine plan which could substantially improve project economics. "Iron Cap is permitted as a block cave and...
Goldstrike Resources Ltd. Oct. 4 announced the successful completion of the 2017 exploration program at Plateau, a Yukon gold property the company is advancing in conjunction with Newmont Mining Corp. In March, Newmont cut a C$53 million deal to earn up to a 75 percent stake in the expansive and gold-rich Plateau property by paying Goldstrike C$8 million and investing C$38.8 million to explore the gold property over the next decade. The agreement included a C$6 million private placement financing under which the gold-focused...
PolarX Ltd. Oct. 3 announced that mineralization has been observed in all of the holes drilled so far this year at its high‐grade Zackly copper-gold skarn deposit at the Stellar project in Southcentral Alaska. A historical resource for Zackly outlines 1.54 million metric tons grading 4.5 grams per metric ton (218,944 ounces) gold and 2.9 percent (66.9 million pounds) copper. This year's drilling is focused on upgrading the historical Zackly resource to Australian Joint...
Constantine Metal Resources Ltd. Oct. 2 reported additional high-grade zinc and copper intercepts in four holes drilled to upgrade and expand the resource at the South Wall zone of the Palmer project in Southeast Alaska. According to a 2015 calculation, the South Wall and RW zones at Palmer host 8.125 million metric tons of inferred resources in the averaging 5.25 percent (940.4 million pounds) zinc, 1.41 percent (252.6 million lb) copper, 0.32 grams per metric ton (83,600...
