The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 10 of 10
Millrock Resources Inc. Ot. 13 said it entered into an option to purchase the Liberty Bell gold-copper project near the town of Healy, Alaska. The 15,200-acre property hosts the historical Liberty Bell Mine, which was operated in the 1930s by Eva Creek Mining. According to a U.S. Geological Survey bulletin, production records indicate that 8,400 ounces of gold were produced from 17,500 short tons of ore at Liberty Bell during 1932 and 1933. In 1987, NERCO reported a resource...
Northern Dynasty Minerals Ltd. Oct. 8 said it entered into a binding letter agreement to acquire Mission Gold Ltd., a Vancouver, B. C.-based exploration company with C$9 million in cash and full ownership of the the Alto Parana titanium project in Paraguay. As a condition of closing the buyout, Alto Parana will be sold to a third party on terms acceptable to Northern Dynasty. To acquire full ownership of Mission Gold, Northern Dynasty will issue 27.8 million common shares,...
NovaCopper Inc. Oct. 8 announced the completion of its 2015 field program, which started the work necessary to advance a pre-feasibility study for Arctic, the most advanced of the Upper Kobuk Mineral Projects, a partnership between NovaCopper and NANA Corp., the Alaska Native regional corporation that represents the Iñupiat of Northwest Alaska. This work included an in-fill drill program designed to evaluate vertical and lateral continuity of the high-grade polymetallic copper-zinc-lead-gold-silver mineralization in support...
Imperial Metals Corp. Oct. 14 reported that the Red Chris mine in Northwest British Columbia produced 20.7 million pounds of copper and 9,281 ounces of gold during the third quarter, increases of 64 percent and 100 percent respectively from the second quarter. Mill throughput during the second quarter averaged 26,000 metric tons per day, a 27.8 percent increase over the second quarter. Red Chris mining activities continued in the Main and East zones, with roughly 78 percent of...
Auryn Resources Inc. Oct. 14 said results from its rotary air blast drill program confirmed the continuity of high-grade gold mineralization in the southwest region of it Committee Bay project in Nunavut. The program focused on the previously drilled West Plains structure and other targets within the area. Highlights from West Plain drilling include: 16.76 meters of 10.36 grams per metric ton gold and 28.96 meters of 1.41 gold in hole 15WPR001 and 27.43 meters of 2.97 g/t...
Skeena Resources Ltd. Oct. 8 released results for 13 holes from an expanded drill program at its Spectrum gold project in the Golden Triangle of northwestern British Columbia. Hole S15-043, drilled at the south end of the Central zone deposit, cut three high-grade intervals between 197 and 232 meters. The most significant interval is 11.4 meters grading 16.73 g/t grams per metric ton gold. The other significant intervals include four meters grading 24.24 g/t gold and four...
Transition Metals Corp. and Nunavut Resources Corp. Oct. 8 reported that new airborne geophysical data and compilation work has highlighted several high potential gold and base metal target areas within the north portion of Inuit-owned land parcel IOL CO-20, otherwise known as the North property. IOL CO-20 is located along the Izok Corridor, an infrastructure initiative proposed by MMG Ltd. consisting of a 325-kilometer (200 miles) road to a port facility on the shore of the...
Pretium Resources Inc. Oct. 8 said the grassroots exploration drill program at its Brucejack project in Northwest British Columbia has cut high-grade gold in the Flow Dome Zone, located east of the Valley of the Kings. Highlights from this set of results include 2,100 grams per metric ton gold uncut over 2.05 meters, including 8,600 g/t gold uncut over 0.5 meters of hole SU-666; and 137 g/t gold over 0.5 meters in hole SU-668. Pretium said these results continue to confirm...
Although not strictly a mining case, John Sturgeon's challenge to the National Park Service's regulation banning private hovercraft on the rivers in the Yukon-Charley Preserve goes to the heart of the perpetual question Alaskans have concerning access across federal lands. On Oct. 1, the Supreme Court of the United States granted Sturgeon's petition for certiorari. The grant of "cert" is noteworthy in and of itself because the high court grants certiorari to only a small...
Initial results from the 2015 drill program at the Tetlin project in eastern Alaska near Tok is providing some insight into why Royal Gold Inc. was eager to invest US$4 million to fund a second phase of drilling before winter sets in at the Interior Alaska project. Peak Gold - the limited liability joint venture company that Royal Gold joined earlier this year to follow up on the exploration success that Contango ORE Inc. had at Tetlin - completed 7,162 meters of core...
