The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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I finally found something I have been thinking about for a long time but had not seen discussed in detail. We have all seen summaries of the declining rate of discoveries for new mineral deposits and have heard about the steadily increasing cost of production, now at a record US$727 per ounce, according to GFMS' Gold Survey 2012. What I really wanted to know was the replacement cost of an ounce or a pound of metal. Let's take gold for example: If I am a producing mine and I just produced an ounce of gold, what is the cost of...
There are those who walk among us who move the earth with a simple smile. One such being was the late David Stone, whose untimely passing on Nov. 20, 2012 leaves us with a hole in our hearts. Although David was not born here - he moved to Alaska in his early teens - he was an Alaskan through and through. He loved Juneau and the historic mines that had ceased production nearly three decades before his arrival. He loved to explore the tunnels and chambers of the...
Kaminak Gold Corp. Dec. 13 reported a maiden NI 43-101-compliant inferred mineral resource estimate for its Coffee Gold Project in west-central Yukon Territory of 3.236 million ounces of gold contained in 64 million metric tons, grading 1.56 grams per metric ton gold. The long-awaited calculation follows several seasons of intensive exploration at the 60,704-hectare (150,000 acres) property ignited in 2010 by a modern gold rush to an area now known as the White Gold district of the Yukon. Kaminak was the second company to...
FAIRBANKS - In contrast to the geology, geochemistry and geophysics that dominates discussions at most mining conventions, geopolitics grabbed the limelight at the 2012 Alaska Strategic and Critical Minerals Summit held in Fairbanks Nov. 30. "Countries that control a given element have a way to leverage businesses to come to those countries. They have a way of demanding there are technology transfers," American Elements President Michael Silver informed the more than 200...
Kivalliq Energy Corp. recently completed a successful uranium exploration season at its Angilak Property located 225 kilometers (140 miles) southwest of Baker Lake, Nunavut and reported plans to resume work on the project in 2013. "We had one of the largest uranium exploration programs on the globe in our peer group," said Kivalliq CEO James Paterson in a September update. "And our 2012 program came in on time and under our budget of C$20 million." Describing 2011 as a "bumpy ride" in the uranium sector, Paterson said...
A challenging economic climate in 2012 failed to impede growth in mining activity in Northwest Territories. As miners struggled to fund their work programs, numerous companies managed to plow ahead in the wake of regulatory improvements, advancing projects that could bring even more robust times to the territory's mineral resources sector. The Northwest Territories, one of Canada's three northern territories, is sandwiched between Yukon Territory to the west and Nunavut to the east. With a land mass of nearly 1,347,150...
Mining, by definition, is an environmentally invasive practice of digging holes in the earth to extract the minerals found therein. This reality, coupled with a historical legacy of leaving unsightly scars that ooze metal-laden acidic waters, has given the modern mining industry a figurative black eye. Champions of today's extraction sector, however, see the strategic resources that are critical to national security, a strong economy and the development of a green energy...
Graphite One Resources Inc. has tapped a vast graphite deposit in Northwest Alaska that rivals the top tier of graphitic carbon projects around the globe. Graphite Creek, as this emerging world-class project is aptly named, has long been suspected to host somewhere between six and 20 million tons of crystalline-flake graphite. This assumption was based on a 100-meter thick graphite-rich layer that can be traced for some five kilometers (three miles) along the northern slopes...
