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
Selwyn Resources Ltd., owner of the zinc and lead deposit of the same name in the mountains of eastern Yukon Territory, has entered a binding framework agreement with a large Chinese corporate investor that is ready to pump C$100 million into developing the world-class property. Selwyn, in a statement Dec. 14, said it will partner with Yunnan Chihong Zinc & Germanium Co. Ltd., an integrated lead and zinc producer with 60-plus years experience in exploration, mining, smelting and downstream processing. Chihong, which is...
Although commodities prices have improved for the mining industry over the past year, 2009 has been the kind of year most of us hope not to repeat. The best analogy I can come up with is the one that says "All boats rise and fall with the tide." Under this scenario, company fortunes fell as the general market declined. Unfortunately, not all boats (companies) rise when the tide goes back up. Some get holed on the rocks of economic misfortune and remain on the bottom....
As I age up, the world does appear to be, as Alice would say, curiouser and curiouser. I have long been bemused by the obvious observation that logic and reason have little to do with how humanity conducts itself. In Philosophy 101 we all learned that before the Age of Enlightenment, deductive logic was woefully out of fashion and that inductive logic was the only tool for solving problems. In other words, if you don't know - guess and attribute your answer to higher authority...
Heatherdale Resources Ltd., the Hunter Dickinson subsidiary that joined forces with CBR Gold Corp. on the Niblack project, plans an aggressive exploration campaign at the copper-gold-silver-zinc project on Prince of Wales Island in Southeast Alaska. "One of the hallmarks of a Hunter Dickinson program is that when we get involved with a project where the project warrants an aggressive, substantial program to move the project forward quickly and aggressively, but obviously...
WHITEHORSE - Since the Klondike Gold Rush when tens of thousands of fortune-seekers stampeded to this northern land looking for gold, the mining industry has been the backbone of Yukon Territory's economy, Yukon government leaders said during their opening remarks at the 37th annual Yukon Geoscience Forum Nov. 23. "Mining, of course, is the cornerstone of the Yukon economy," said Yukon Premier Dennis Fentie. "The mineral industry has provided many opportunities for Yukoners hi...
International Tower Hill Mines Ltd.'s rapidly expanding Livengood gold project could prove to be the catalyst that transitions the Vancouver B.C.-based junior from explorer to producer. "The Livengood project has potential to form a strong foundation for a new emerging North American gold producer," said Jeff Pontius, the company's president and CEO, in a Nov. 30 statement about a preliminary assessment the junior conducted on the economics of a heap leach operation at the...
While International Tower Hill contemplates building a mine capable of producing more than 400,000 ounces of gold per year at Livengood, the exploration saga continues at the rapidly growing project. In less than two years, the explorer has increased the Livengood resource to 12.6 million ounces from 1.9 million ounces of gold. An updated estimate, which will include assay results of 70 additional holes, is expected to add at least 1 million more ounces to the resource....
Kiska Metals Corp. cut long intercepts of gold-rich mineralization in two of the five holes that it drilled during the newly formed company's fall 2009 exploration program. These intercepts indicate that the 173-square-mile, or 448-square-kilometer, Whistler property encompasses multiple metal-rich zones. Kiska Metals, formed in August as a result of a merger between Rimfire Minerals Corp. and Geoinformatics Exploration Inc., began drilling the property in September....
The Pebble Partnership, a 50-50 joint venture between Northern Dynasty Minerals Ltd. and Anglo American plc, can chalk up one win and one potential loss toward the development of a mine at its copper-gold-molybdenum deposit in Southwest Alaska. On the plus side, the Alaska Board of Fisheries rejected Proposal 13, a plan to establish a state fish refuge for the Bristol Bay region that would have threatened the Pebble project. After listening to more than five hours of...
Western Copper Corp. won the coveted Robert E. Leckie Award for 2009 for outstanding reclamation of old abandoned workings on the Casino Property in west-central Yukon Territory. But the junior exploration company also went beyond the expected and developed a system for ongoing recycling and reclamation that could one day render the need for remedial cleanups at mine properties relics of the past. The Government of Yukon presented the Leckie Award to Western Copper Nov. 24, at the Yukon Geoscience Forum, in recognition of...
Two diamond mines in Northwest Territories are vowing to recruit new workers locally rather than continue a longstanding practice of seeking candidates in southern Canada. Diavik Diamond Mines Inc., operator of the Diavik Mine, and De Beers Canada, owner of the Snap Lake Mine, reported plans in late November and early December, respectively, to add employees next year in anticipation of production increases. But the mining companies said they will concentrate on locating and training new employees who live in Northwest...
An accidental discharge of deadly arsenic trioxide at the old Giant gold mine in Yellowknife, Northwest Territories this fall has brought into focus the potential impact of an ongoing project to reclaim the mine site. The project includes the future disposition of the 237,000 metric tons of arsenic trioxide currently stored underground at the site within the Yellowknife city limits. The hazardous substance was abandoned when mine owner Royal Oak Mines went bankrupt in 1999. In order to prepare a remediation plan for the...
A review panel has recommended that most of the Peel River watershed region in northeast Yukon Territory be withdrawn from industrial use, including mineral resource development. In long-awaited recommendations, the Peel Watershed Planning Commission is seeking to ban mining activity in 80 percent of the 68,000 square kilometers, or 26,255 square miles, that comprises the Peel watershed region. The Peel area is one of eight regions for which mineral-rich Yukon Territory is developing land use plans. It is located north of May...
Kinross Gold Corp. has agreed to team up with Millrock Resources Inc. to explore more than 900 square kilometers, or 222,000 acres, of gold properties in the Council Mining District about 60 miles, or 100 kilometers, east of Nome, Alaska. The area of interest covered under the agreement includes Millrock's Council property and the adjacent Albion property, plus surrounding mining claims staked by the junior. Millrock said the three properties that make up the area of interest...
