The mining newspaper for Alaska and Canada's North
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Full Metal Minerals Ltd., a familiar name in the Alaska mineral exploration sector for the past decade, is being reborn as CopperBank Resources Corp. The formation of CopperBank will result from a three-way arrangement in which Full Metal offers up its Pyramid copper project in Alaska, International Enexco Ltd. delivers its Contact copper project in Nevada, and Choice Gold Corp. will serve as the vehicle for the emergent company. "Not only will shareholders be a part of a new,...
Over the past month, the world has been awash in year-end 2013 mining news, ranging from exploration and production statistics to economic impact numbers and mining favorability polls. The Alaska highlights from this wad of info include the results from the annual Fraser Institute political jurisdiction favorability survey where Alaska placed first in the world out of 112 jurisdictions for mineral potential. However, Alaska plummeted to 21st place on the survey's Policy Percep...
The following summary overview of the history of the Alaska Native Claims Settlement Act was presented at the Alaska Miners Association Convention held in Anchorage earlier this month as part of the celebration of the association's 75th anniversary. The history of ANCSA is rooted in the occupancy of Alaska by Russia in the early 18th century. The Russian authority in Alaska was first decreed in 1766 when the Russian government declared the natives of Alaska to be Russian...
FMM: TSX-V President: Michael Williams CEO & Vice President, Exploration: Rob McLeod Pyramid, a copper-gold-molybdenum porphyry project situated on the Alaska Peninsula of Southwest Alaska, was the primary target of Full Metal Minerals Ltd.'s 2012 exploration. The Vancouver, B.C.-based junior (49 percent) and its Chile-based project partner, Antofagasta Minerals S.A. (51 percent), carried out a 3,000-meter drill program to follow-up on copper-gold-molybdenum mineralization outlined by 17 holes drilled by the partners in 2010... Full story
With copper-gold-molybdenum intercepts up to 500 meters thick and a location near tidewater on the Pacific Rim, Full Metal Minerals Ltd.'s Pyramid Project on the Alaska Peninsula is shaping up as a significant copper deposit. Chilean copper producer Antofagasta Minerals S.A. joined the junior to explore Pyramid earlier this year and the partners launched an initial 1,668-meter drill program at the porphyry copper-gold-molybdenum project in August. Antofagasta Minerals, a... Full story
In the last month, several of Alaska's major metal mines reported strong operating numbers; one company released a preliminary economic assessment and three new mineral exploration companies acquired exploration interests in Alaska. While the functions of explorers and producers are quite different, the symbiotic relationship between the two ends of the mining cycle is unequivocal: exploration would not exist without production and production would eventually cease without...
If Lucky Shot lives up to its name, it could net Vancouver, British Columbia-based junior Full Metal Minerals millions of dollars. But the chances are slim. Less than 1 percent of exploration projects eventually develop into operating mines, according to Full Metal's vice president, Rob McLeod. Still, McLeod hopes that this or one of his company's other Alaska projects will be as lucrative as Pierina in Peru, which his cousin Catherine McLeod-Seltzer discovered and sold to Barrick Gold for a not-so-small fortune. The Lucky...
Full Metal Minerals plans an "aggressive" exploration program in southwest Alaska this summer, having signed a second agreement with a Native corporation, the Vancouver-based company said Jan. 22. The second agreement is with Bristol Bay Native Corp. to explore approximately 565,000 acres of the southwest Alaska Peninsula. It follows an agreement last year with the Aleut Corp. to explore on the Port Moller property in the Aleutian Islands chain. "By aggressive we mean we're not just going to sit back, we'll be doing soil...