The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 15 of 15
Fortune Minerals Ltd. reported Dec. 4 the startup of a $3.8 million pilot plant last month at SGS Lakefield Research Limited in Ontario for its Nico cobalt-gold-bismuth deposit in the Northwest Territories. Fortune aims to confirm the economic feasibility of producing precious and base metals from NICO. A total of 180 metric tons of ore mined from the Nico deposit during the 2006 and 2007 underground test mining programs will be processed by May, the company said. Underground mining tests conducted at Nico produced about...
Andover Ventures Inc. has released the assay results from the final seven holes of its 2007 drill season at the Sun property west of Kotzebue in the Ambler Mining District of Northwest Alaska. Four of the assay results were from the northernmost holes drilled at Sun. These holes were drilled in four fences at step-outs of 150 meters (492 feet) to the northeast. Two of the fences were north of what was originally considered the main Sun deposit, and the positive assay results have extended the deposit by 300 meters (984...
Vancouver-based Redcorp Ventures Ltd. said subsidiary Redfern Resources Ltd. is working to complete a public comment period and coastal management plan consistency review in January in hopes of obtaining permits required to access its Tulsequah Chief Mine project from Alaska via the Taku River. A parallel Canadian federal and provincial environmental assessment process for barge access to the project also is expected to be completed early next year, the company said. The...
Little Squaw Mining Co. reported encouraging assay results from 68 of 99 holes drilled this year at Little Squaw Creek in the Chandalar Mining District, about 190 miles north of Fairbanks. The Spokane, Wash.-based company controls 14,993 acres in mining claims covering most of the Chandalar district on the southern slope of the Brooks Range. This includes 22 patent claims. A 15,500 foot drilling program at Little Squaw Creek in 2007 was designed to delineate a placer gold...
Rio Tinto Plc, parent of the company that owns a majority of the Greens Creek Mine, said it would like to sell the Southeast Alaska investment. The move, however, is not expected to affect the profitable zinc, lead and silver mine's operations on Admiralty Island, nor its 325 employees, according to Clayton Walker, the mine's general manager. London-based Rio Tinto, which owns a 70.3 percent stake in the mine, is one of the largest mining companies in the world. Rio Tinto has said it is looking to divest a number of its asset...
In days gone by the Alaska mining industry thought of December as a time of decreased activity and a chance to catch your breath before the New Year started. Well, in case you have not noticed, those days are long gone! This month's activities stretch from one side of Alaska to the other with metals of interest spanning the periodic table of elements. Results from a number of programs are still outstanding and likely will not be seen until the New Year, blurring transitions...
Placer mining heated up in the Yukon Territory this year as mostly family owned outfits mounted more exploration programs. The value of gold produced in the Yukon's growing placer mining sector shot up 18 percent, according to William LeBarge, placer geologist for the Yukon Geological Survey. The territory had 107 active placer mines in 2007, plus 24 exploratory ventures. That compared with 106 active placer mines in 2006, and nine additional exploratory properties. With only two weeks left in the year, LeBarge reported an...
NovaGold Resources reported results Dec. 18 from 152,000 meters of drilling completed in 2006 and 2007 at the Donlin Creek gold deposit in western Alaska. The exploration averaged 67 meters of mineralization per hole, grading 3.61 grams, or 1.273 ounces, of gold per metric ton. The Vancouver, B.C.-based junior mining company said it expects much of the inferred resources at the project to be converted to measured and indicated resources and included in a new resource estimate...
A bold gambit to revive what was once Canada's largest and most profitable zinc-lead mine is still on track thanks to the tenacity and innovation of Tamerlane Ventures Inc., a Blaine, Wash.-based junior mining company led by some of the industry's savviest mining veterans. Located just across Great Slave Lake from Yellowknife about 80 kilometers (50 miles) east of the village of Hay River in the Northwest Territories, the historic Pine Point Mine produced some 4.5 million metric tons of zinc and 2 million metric tons of lead...
Hemis Corp., an international resource company, said it has completed the first phase of a gold exploration program in Alaska. The Anchor Gold project in the Cook Inlet of Alaska is a venture between Las Vegas-based Hemis and Aspen Exploration Corp. Hemis said the emphasis of the Anchor Gold project is exploring for gold in offshore deposits along the eastern margin of Cook Inlet. Previous work by Aspen Exploration documented offshore aeromagnetic anomalies in addition to confirming the presence of gold along the active...
Teck Cominco Alaska Inc. released the final report Nov. 29 of a six-year study that concludes it is safe to consume subsistence foods in all areas near the Red Dog Mine in northwestern Alaska without restrictions. The final report of the "DeLong Mountain Regional Transportation System Fugitive Dust Risk Assessment" incorporated formal comments and input from a wide range of government agencies and stakeholders, including local village residents," said Wayne Hall, Red Dog Mine's Senior Environmental Coordinator. Ore...
Sean Magee, spokesman for The Pebble Limited Partnership, told members of the Anchorage Chamber of Commerce Dec. 3 that the Pebble Mine Project could be developed in an environmentally and socially responsible manner. "There are lots of precedents in our part of the world where mining does coexist with fisheries," Magee told the Anchorage audience. He gave examples of several modern large-scale mines in Alaska and British Columbia that are not only coexisting with the fish...
Calgary-based exploration company Goldmark Minerals Ltd. said it has completed the acquisition of Geocom Resources Inc.'s ownership interest in the Iliamna project in southwest Alaska. Goldmark CEO, Peter Barker told Mining News that the transfer to the company's wholly owned subsidiary, Goldmark Alaska, will be complete by early January. A 49 percent interest in Geocom's Santa Rosa and Marcelita properties in central Chile was also included in the $200,000 purchase. Iliamna...
Sherwood Copper Corp. said Dec. 12 that a pre-feasibility study shows the Area 2 deposit at its Minto copper-gold mine in central Yukon has a reserve that supports a 45 percent increase in mill throughput and a 43 percent increase in total project copper and gold production and an immediate increase in copper and gold output. The study called for an increase in mill processing to 3,500 metric tons per day from 2,400 tpd and higher metal production starting next year due to...
A year ago, Vancouver-based NovaGold Resources Inc. triumphantly fought off a hostile takeover bid by Toronto giant Barrick Gold. In 2007, the ambitious junior brought its Rock Creek project near Nome to the brink of production, began construction at Galore Creek in British Columbia and just a few weeks ago sealed a deal with Barrick to end their dispute over the Donlin Creek project in southwest Alaska. On Nov. 7, NovaGold's share price hit a 52-week high of $21.91. Then disaster struck: NovaGold and its new partner at...
