The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 9 of 9
Seabridge Gold Corp. Dec. 17 said deep penetrating geophysics has identified four additional porphyry targets at its already world-class gold-copper project in British Columbia's Golden Triangle. The four deposits already identified at KSM – Kerr, Sulphurets, Mitchell and Iron Cap – host 2.98 billion metric tons of measured and indicated resources averaging 0.52 grams per metric ton (49.7 million ounces) gold, 0.21 percent (13.9 billion pounds) copper, 2.8 g/t (265 mil...
Northern Dynasty Minerals Ltd. Dec. 18 announced that it has raised US$15.5 million, which it will use to continue to advance permitting and outreach at its Pebble copper-gold-molybdenum mine project in Southwest Alaska. The Pebble project is nearing a final decision on an environmental impact statement (EIS) for the proposed mine. The EIS is a lengthy process under the federal National Environmental Policy Act (NEPA), that ensures that large projects such as Pebble meet...
Resolution Minerals Ltd. (formerly Northern Cobalt Ltd.) Dec. 16 announced that it has formally entered into an option to joint venture Millrock Resources Inc.'s 64North gold project in Alaska. Previously known as the Goodpaster project, 64North includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide – covering roughly 160,000 acres in the Goodpaster Mining District, a gold-rich area of Interior Alaska anchored by...
White Gold Corp. Dec. 19 said its 2019 drilling at Vertigo has confirmed continuity of the high-grade, near surface, gold mineralization discovered at this target on the road-accessible JP Ross property in Yukon's White Gold District. The 2018 discovery hole at Vertigo cut 3.1 meters of 56.25 grams per metric ton gold from a depth of 3.1 meters, part of a 10.67-meter intercept averaging 17.34 g/t gold. Follow-up RAB and reverse circulation drilling during the 2018 season...
Skeena Resources Ltd. Dec. 18 reported that its 2019 drilling discovered a new occurrence of very high-grade gold at its Snip project in British Columbia's Golden Triangle. Located about 200 kilometers (125 miles) northwest of Stewart, B.C., Snip hosts a historic underground gold mine that produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per metric ton gold over a nine-year span that began in 1991. Barrick Gold Corp., the owner of...
USA Rare Earth LLC and Texas Mineral Resources Corp. has made a major advancement toward developing the heavy rare earth separation technology that the U.S. Army is looking to invest in. The Army recently sent memos requesting information on the costs to develop separation facilities that can produce heavy rare earths, which tend to be the least abundant but most highly prized of the 17 elements considered rare earths. Further details on the Army memos and Pentagon's push to...
HighGold Mining Inc. Dec. 19 reported that the final two holes of the 2019 drill program at Johnson Tract discovered a new silver-copper-zinc-rich vein system in the footwall of the JT deposit and expanded the high-grade gold that is the main economic driver for the deposit. Based on 88 holes drilled prior to 1995, JT deposit hosts 1.04 million metric tons of historical resource averaging 10.05 grams per metric ton gold, 7.63 g/t silver, 8.32 percent zinc and 1.13 percent...
Tectonic Metals Inc. Dec. 19 reported that its late season rotary air blast (RAB) drill program at the Northway project in eastern Alaska tapped porphyry-style mineralization in both target areas tested. The 184,000-acre Northway property covers 25 miles (40 kilometers) of robust gold-in-soils along the paved Alaska Highway. Tectonic is exploring this property under a 2018 lease agreement with Doyon Inc., the Alaska Native regional corporation for Interior Alaska. This...
Development of the rich mineral resource in Alaska's Ambler Mining District took another major leap forward with the Dec. 19 announcement that Australia-based South32 Ltd. is investing US$145 million to become a 50 percent joint venture partner in Trilogy Metals Inc.'s Upper Kobuk Mineral Projects (UKMP). This Northwest Alaska project covers a more than 70-mile (115 kilometers) stretch of Earth's crust that is uncommonly rich in a variety of precious, base and critical...
