The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 7 of 7
Ucore Rare Metals Inc. Dec. 14 reported that a foreign investment fund has agreed to pay US$5 million (roughly C$6.9 million) in consideration for a royalty or profit share on the sale of products and services related to the processing of rare earth elements and other specialty metals using SuperLig® molecular recognition technology. SuperLig is an innovative method of separating rare earths using resins designed to bind selectively with ions based on multiple parameters such as size, chemistry, and geometry. In March,...
The prolonged downturn in the metals market is like Black Friday for project generators such as Millrock Resources Inc. The Vancouver, B.C.-based junior has added a dozen gold and base metals projects to its exploration portfolio during the past six months. The most recent of these acquisitions gives the mineral explorer a foothold in the Golden Triangle region of Northwest British Columbia. “This is the exact time Millrock has been waiting for all along,” Gregory Bei...
Pretium Resources Inc. Dec. 14 reported that the final set of results from the 2015 regional grassroots drill program returned long intervals of low-grade gold mineralization at depth to the south and southeast of the Valley of the Kings deposit, as well as polymetallic mineralization in new zones 13 kilometers (eight miles) southeast of the project. Hole SU-671, drilled some 700 meters southeast of the Valley of the Kings deposit, intersected an east-west trending stockwork...
Northquest Ltd. Dec. 15 announced that Nord Gold N.V. - a Netherlands-based gold producer with operations in Russia, Kazakhstan, Burkina Faso and Guinea - intends to make an all-cash offer for all of the issued and outstanding Northquest shares it doesn't already own at a price of C25.3 cents per share. This offer is slightly higher than the minimum outlined in a subscription agreement the two companies entered into on June 1. In late November, Nord Gold invested C$5 million...
Northquest Ltd. Dec. 15 said results from a glacial till sampling program recently completed at its Pistol Bay gold project in Nunavut has identified a large new zone that will be the target of significant drilling in 2016. This year, the company set aside C$500,000 for geochemical surveying of promising gold targets concealed by glacial overburden, known as till. An initial 40-sample pilot survey was conducted in July to test the Vickers gold zone and Bazooka gold...
American Creek Resources Ltd. Dec. 11 said that an eight-hole drill program at the Electrum project in northwestern British Columbia encountered near-surface gold-silver zones. Six of the holes cut significant gold-silver mineralization, including: one meter of 6.09 grams per metric ton gold and 242 g/t silver from a depth of 16.5 meters in hole EL 15-03; one meter of 1.31 g/t gold and 189 g/t silver from a depth of 28 meters, and one meter of 6.93 g/t gold and 62 g/t silver...
For many of us, Dec. 2, 1980 was one of the darkest days in Alaska's history, for that was the day that more than 100 million acres of public land in Alaska were ripped from the public domain and placed off limits to virtually all forms of development. Fortunately, Alaskans were promised two things by the Alaska National Interest Lands Conservation Act: First, that this statute satisfied the need of the Carter administration to bend to the will of his Green constituency; and...
