The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 14 of 14
Northern Dynasty Minerals Ltd. Dec. 1 announced its statement regarding the Nov. 17 press release by the U.S. Environmental Protection Agency, in which the governmental agency extended the deadline regarding its intention to implement Section 404(c) of the Clean Water Act. "While it is not yet known what action, if any, the EPA will finally take, we are cautiously optimistic about their commitment to consider new information that has become available since the 2014 Proposed...
HighGold Mining Inc. Dec. 2 reported that its first pass drilling at Difficult Creek is beginning to outline the potential for this prospect area on its Johnson Tract property in Alaska to host a large high-grade polymetallic gold system similar to the JT deposit about 2.5 miles (four kilometers) to the southwest. According to an early 2020 calculation, the JT deposit hosts 2.14 million metric tons of indicated resource averaging 6.07 grams per metric ton (417,000 ounces)...
Fury Gold Mines Ltd. Dec. 1 reported that 2021 drilling has tapped a wide section of high-grade gold about 120 meters below the Three Bluffs deposit on its Committee Bay property in Nunavut's Kitikmeot region. According to the most recent calculation, Three Bluffs hosts 2.1 million metric tons of indicated resource averaging 7.85 grams per metric ton (524,000 ounces) gold; and 2.9 million metric tons of inferred resource averaging 7.64 g/t (720,000 oz) gold. Targeting a...
Impressed by the wide sections of high-grade gold encountered by drilling and encouraged by positive input from Alaska stakeholders and regulators, top executives at Barrick Gold Corp. and Novagold Resources Inc. have decided to advance the world-class Donlin Gold project up the value chain. This decision to update the feasibility study for developing a mine at the 39-million-ounce Donlin Gold project follows September workshops that included Barrick and Novagold executive...
Trilogy Metals Inc. Nov. 29 reported that one infill hole drilled this year at Arctic is the third-best intercept ever encountered at this high-grade volcanogenic massive sulfide deposit at the Upper Kobuk Mineral Projects in Northwest Alaska. "The 2021 drilling campaign confirms that the Arctic project has some of the highest grades of polymetallic mineralization in the world with copper-equivalent grades frequently in the double digits," said Trilogy Metals President and...
If global warming and the associated risk of climate change is due, at least in part, to anthropomorphic causes, it stands to reason that there are too many anthropoids (specifically, humanoids) hanging around. We have always known, I think, that overpopulation is a grave problem to life on earth, primarily because humans, like cockroaches, are omnivorous, ubiquitous, and prolific. It has been said that you could accommodate the entire population of earth in the Grand Canyon....
Osisko Metals Inc. Nov. 24 reported the latest results from the current in-fill drill program at its Pine Point project in Northwest Territories, Canada, including an intersect that cut six meters grading 20.06% zinc, and 0.72% lead. Located just south of the Great Slave Lake, Pine Point is home to a former mine operated by Cominco (now Teck Resources) that produced roughly 14 billion pounds of zinc and 4 billion lb of lead from around 64 million metric tons of ore during a...
Millrock Resources Inc. Nov. 30 announced that its exploration partner in the Fairbanks Mining District, Felix Gold, has filed a prospectus with the Australian Securities and Investments Commission that initiates the process to become a publicly-traded company on the Australian Securities Exchange. If successful, Felix Gold plans to raise between A$10 million and A$13 million (US$7.1 million and US$9.3 million) in an initial public offering, and its shares would begin trading...
Valhalla Metals Inc., a privately held junior mining company focused on the exploration of the Sun and Smucker properties in Alaska's Ambler Mining District, may soon have easier access to funding through a merger with SolidusGold Inc., a company listed on the TSX Venture Exchange. Under a tentative agreement announced on Nov. 29, Solidus would acquire Valhalla through an exchange of shares that would result in current Valhalla shareholders owning 80% of the resulting company...
Spread across the Tanana Valley foothills, accessible by road, rail, and air, Fairbanks is called Alaska's Golden Heart City for a reason. Laying claim to a colorful history, the city at the center of the Last Frontier has its roots dug deep from the many mining discoveries throughout the century within the simply named Fairbanks Mining District. Although early exploration had Russian traders in and around the Tanana region, it would not be until 1885 when Henry Tureman...
Trilogy Metals Inc. Nov. 22 reported that assay results from two holes drilled this year at the Upper Kobuk Mineral Projects in Northwest Alaska tapped high-grade mineralization beyond the current pit at the Arctic Mine project. A 2020 feasibility study for developing a mine at Arctic details a financially robust operation that would produce 1.9 billion pounds of copper, 2.3 billion lb of zinc, 388 million lb of lead, 386,000 ounces of gold, and 40.6 million oz of silver over...
Fireweed Zinc Ltd. Nov. 23 announced an update from the 2021 drilling program at Macmillan Pass in Yukon, Canada, with a substantial intersect cutting 16.1 meters of 10.4% zinc and 15.7 grams per metric ton silver in a step-out hole at Boundary West target. Accessible by road next to the Northwest Territories border, the 940-square-kilometer (363 square miles) Macmillan Pass property that covers a 55-kilometer (34 miles) trend of potential zinc, lead and silver...
Triumph Gold Corp. Nov. 24 announced that four holes drilled this summer has expanded the WAu zone within the Revenue deposit on the company's Freegold Mountain copper-gold project in the Yukon. Freegold Mountain hosts near-surface porphyry gold-copper deposits and related precious metals enriched polymetallic targets across a roughly 19-kilometer (12 miles) stretch of the property. The two most advanced deposits along this trend are Nucleus and Revenue. Nucleus hosts 31...
The $1.2 trillion Infrastructure Investment and Jobs Act brightens an otherwise gloomy outlook when it comes to federal policies that impact Alaska and its mining sector. "I believe this is truly historic for our state," Sen. Lisa Murkowski, R-Alaska, said during a Nov. 17 address at the Alaska Resources Conference. While the massive infrastructure bill passage was chalked up as a political win for President Joe Biden, the billions of dollars to be invested into upgrading and...
