The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Despite owning a Pacific Rim deposit of gold, copper, zinc and silver worth some US$1.44 billion, Heatherdale Resources Ltd. has not completely escaped the financial paralysis gripping the junior mining sector. While the value of Heatherdale's stake of the Niblack Project has nearly doubled over the past year, its share price has plummeted more than 70 percent. Still, the Hunter Dickinson-affiliated junior has successfully pulled together funds to continue to advance the...
The state of Alaska is a strong supporter of continued investment, responsible development and growth in our minerals industry. We recognize the key role the state plays in its minerals sector. We have an enormous endowment of minerals such as gold, zinc, copper, lead, silver and coal on state lands and can support job creation and economic growth in entire regions of the state by responsibly developing our natural resources. We are working hard to make Alaska a place where miners want to explore, invest and do business....
Ending a streak of robust growth, mineral exploration spending in Alaska during 2012 took a downward turn from the record US$300 million spent a year earlier. "More advanced-stage projects that added ounces or pounds to their resource base had a better go of it than early-stage exploration projects which have taken a hard right cross to the jaw!" Curt Freeman, a well-known Alaska geologist and president of Fairbanks-based Avalon Development, observed in September. This blow de...
ABN: TSX-V Chairman: Ronald Netolitzky, M.Sc. Geology President: James G. Pettit Qualified person Justin Gold Project: Carl Schultze, B.Sc., P Geo. Project managers: Mike McCuaig, B.Sc. (Justin); Aaron Higgs, B.Sc. (Selwyn Recce) Aben Resources Ltd. focused in 2012 on its 7,412-hectare (18,314 acres) Justin gold project in southeast Yukon Territory. In August, Aben reported that the first of six holes totaling 1,298 meters drilled within the POW zone at Justin intercepted a robust zone of gold mineralization and has...
With its sights set on gold, Contango Ore Inc. raised US$8.8 million in March to fund a US$6.75 million exploration program on its Alaska projects during the 2012 field season - the bulk of which was spent on a second-year drill program at the Tetlin gold-copper project about 12 miles (19 kilometers) southeast of the crossroads town of Tok. The Houston, Texas-based explorer, known as CORE, is an Alaska-focused mineral spinout from Contango Oil & Gas Co., an exploration and...
With the mercury frozen at 40 degrees below zero, Freegold Ventures Ltd. lit a fire at Golden Summit, launching an aggressive 15,000-meter drill campaign at the Interior Alaska gold project in January. Despite being located some 40 kilometers (25 miles) north of Fairbanks, a place that vies for the coldest spot in the United States, Golden Summit has the distinct advantage of being connected to a paved highway, grid power and cell phone service. "Winter drilling is possible...
AXI: TSX-Venture President and CEO: John Gingerich, P. Geo VP Engineering and Technology: Florin Gheorghiu, Ph.D. Vice President, Capital Projects and Studies: Bernard Swarbrick Advanced Explorations Inc. focused in 2012 on developing its Roche Bay and Tuktu Iron Ore projects in Nunavut. The Roche Bay Project located on the east coast the Melville Peninsula boasts a NI 43-101-compliant resource estimate of more than 500 million metric tons outlined within a small portion of the potential 140 kilometers (87 miles) of banded...
B.C.'s mineral exploration and mining industry is booming, thanks in part to strong demand in Asia. Meeting demand is just one part of fostering a globally competitive sector. Equally important are our policies at home, where strong fiscal management, competitive tax rates, streamlined regulations and good local partnerships are helping to generate billions of dollars' worth of revenues each year. Worldwide demand for coal, metals and industrial minerals has increased dramatically and are expected to rise even more. B.C....
British Columbia in 2012 continued to exhibit its strength as the mining and exploration powerhouse of the North American Cordillera. The Canadian province's wealth of mineral potential is the result of geological phenomena that also created the mountain chains "that we have in our province and to the north," according to Bruce Madu, director of the Mineral Development Office of the B.C. Ministry of Energy and Mines. Madu told participants in the 2012 Mineral Exploration Roundup in January that expansion is the theme at most...
Graphite traditionally has been regarded as a mundane industrial mineral used in steelmaking, lubricants and pencil lead. Emerging applications such as lithium-ion batteries, fuel cells, and nuclear power generation are placing increasing supply demands on this carbon polymer - a market shift not lost on Graphite One Resources Inc. "The graphite market is only beginning to open up as green technology takes more precedence in the world today," according to the Edmonton,...
Aem: TSX Chairman: James D. Nasso President and CEO: Sean Boyd, C.A. Senior Vice President, Exploration: Alain Blackburn, P. Eng. Mid-tier gold producer Agnico-Eagle Mines Ltd. is focused on its advanced-stage Meliadine Project and its Meadowbank Gold Mine in central Nunavut. The company picked up the Meliadine project by acquiring Comaplex Minerals in July 2010. The project had proven and probable gold reserves of 2.9 million ounces (12.5 million metric tons grading 7.2 grams per metric ton gold) at Dec. 31, 2011....
Exploration across Alaska and Northern Canada in 2012 was tempered by the turmoil and uncertainty in the global financial markets that left many junior exploration companies struggling to pull together the venture capital needed to mount drill programs on their mineral prospects. Despite the dismal equity markets, many mining explorers had enough money in their coffers to continue to unlock the promise of their projects in Alaska, northern British Columbia, Northwest Territori...
AXR: TSX AXU: NYSE-A President and CEO: Clynton R. Nauman Executive Vice President & COO: Brad A. Thrall Vice President, Exploration: Alan McOnie, FAusIMM Alexco Resource Corp is a precious metals exploration company with a silver focus and growing environmental consulting and reclamation and mine closure services. Alexco's primary exploration objective currently is to unlock value in the historic silver-rich Keno Hill district, which covers about 23,350 hectares, or 56,274 acres, in central Yukon Territory. Alexco currently...
The Northwest Territories has been closely linked with the mining industry ever since B.A. Blakeney, a prospector on his way to the Klondike, staked the first gold mining claim here in 1898. And although the focus has shifted from gold to diamonds, the industry remains at the forefront of any discussion regarding the NWT's economic well-being: the territory produced over C$2 billion in total mineral shipments in 2011, a staggering total for a jurisdiction which has a population that barely exceeds 40,000 residents. Although...
Northwest Territories, a vast expanse of mountains, forests and tundra, has been slower to experience the surge in mineral exploration and development activities that has swept across Yukon Territory and Nunavut in recent years. But the mining industry is turning its attention to the 1.17 million square kilometers (431,162 square miles) Arctic land - roughly two-thirds the size of Alaska - that lies in between. Permits have been issued for new areas of exploration and claims are being staked in places where such activity has...
Millrock Resources Inc.'s skillful execution of the project generator model is allowing it to flourish in an equity market that has not been kind to junior exploration companies. Capitalizing on its exploration expertise and first-hand geological knowledge of Alaska and southeastern Arizona, Millrock pulled together some C$11 million for exploration in 2012. Some 93 percent of this spending was funded by global miners Teck Resources Ltd., Kinross Gold Corp., Vale S.A. and Inme...
TSX-V: MRO President and CEO: Gregory Beischer Chief Exploration Officer: Philip St. George Chief Operating Officer: Sarah Whicker Properties with mineral(s) explored - Gold - Estelle, Alaska Gold-Copper - Humble, Alaska Gold - Council, Alaska Gold-Copper - Audn, Alaska Gold - Bluff, Alaska Gold-Copper - Cristo Claim Group Gold - Uncle Sam, Alaska Gold - Revelation, Alaska Gold - Fortymile, Alaska Gold-Copper - Stellar, Alaska Copper-Gold - Distin, Alaska Copper-Gold - Renegade, Alaska Copper-Gold - Galiuro, Arizona...
Aox: TSX-V CEO and Chairman: Gordon Blankstein Chief Operating Officer: Kent Turner Sun General Manager: Bradley Peek With a 2012 budget of US$3.5 million, Andover Mining Corp. set out to establish an inaugural NI 43-101 resource for its Sun copper-silver-lead-zinc-gold project situated at the eastern end of the Ambler Mining District - a region of Northwest Alaska renown for a 70-mile- (110 kilometers) long belt of world-class volcanogenic massive sulfide deposits. A historical resource calculated for the Main Sun deposit...
An underlying motto for Nunavut this year is "Creating a Resourceful Future," a theme that can be interpreted as creating and building a future full of resources. Nunavut and its expansive geology are rich in many natural mineral resources such as gold, iron ore, base metals of lead and zinc, uranium and nickel to name a few. We have one operating mine, several properties that are potential mines under consideration, and several advanced exploration projects that are proceeding with development or feasibility work. These...
Companies chasing mineral riches in Nunavut in 2012 are expected to meet and surpass the brisk pace of exploration set a year earlier. But the race to discover major deposits of precious and base metals, along with uranium, diamonds and other commodities, in one of Canada's most underexplored and prospective jurisdictions is only just beginning. At one-fifth the size of Canada, Nunavut covers 1,994,000 square kilometers (770,000 square miles or nearly three times the size of Texas). The Far North territory is Canada's younges...
President: Ming An Fu Chief Geologist: John Li, Ph.D. Project Manager: Carl Schulze, P.Geo Founded in 2009, Anthill Resources Ltd. is a privately held mining investment company focused on the Einarson Project located in east-central Yukon Territory adjacent to the Rackla Project being explored by Atac Resources Ltd. Multiple Carlin pathfinder anomalies are found here in a Carlin-favorable geological setting. Anthill optioned Einarson, a package of 11,597 claims covering more than 2,400 square kilometers (926 square miles) fro...
NovaCopper Inc. - formed as a 2012 spinout of NovaGold Resources Inc.'s Ambler project in Northwest Alaska - already boasts some 3.6 billion pounds of high-grade copper resources plus appreciable quantities of gold, silver, lead and zinc. "This is an excellent start to NovaCopper's life as a public company," said NovaCopper President and CEO Rick Van Nieuwenhuyse. In addition to some 90,624 acres of state, federal and patented mining claims blanketing the Ambler Mining Distric...
ATC: TSX-V President: Robert C. Carne, M.Sc., P.Geo. Chief Executive Officer: Graham N. Downs Chief Operating Officer: Ian J. Talbot Atac Resources Ltd., a member of the Strategic Exploration Group, concentrated again in 2012 on the Rackla Gold Project located in the Mayo Mining District of east-central Yukon Territory. The project encompasses more than 8,000 mineral claims and covers 1,600 square kilometers (about 618 square miles) in an east-west extending land package about 185 kilometers 114 miles) long by 15 kilometers...
The Pebble Limited Partnership is spending some US$107 million to advance the enormous Pebble copper-gold-molybdenum project in 2012, with the objective of initiating permitting under the National Environmental Policy Act in 2013. Work programs include environmental studies focused on fish and marine resources, water quality and groundwater hydrology; continued engineering analysis to finalize a project description; geotechnical and exploration drilling; and workforce and...
Avl: TSX-V President and CEO: Donald S. Bubar, M.Sc., P. Geo. Senior Vice President and COO: Brian Chandler, P.Eng Vice-President, Exploration: William Mercer, Ph.D., P. Geo. Avalon Rare Metals focused in 2012 on advancing its Thor Lake Rare Earth Metals Project located in the Mackenzie Mining District of the Northwest Territories, about 100 kilometers southeast of the city of Yellowknife. Avalon completed a total of 10,725.4 meters of drilling in 47 holes using two drills during its 2012 winter drilling program that ended...
