The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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The Association for Mineral Exploration British Columbia Jan. 27 awarded NovaCopper Inc. President and CEO Rick Van Nieuwenhuyse and former NovaCopper Vice President of Exploration Joseph Piekenbrock the 2015 Colin Spence Award for Excellence in Global Mineral Exploration. Nieuwenhuyse and Piekenbrock are being recognized for their success in defining and significantly expanding the Donlin Gold deposit in western Alaska, the Arctic copper-zinc-silver massive sulfide deposit in northwestern Alaska and for exploration success a...
As exploration across most of the North continues to trend downward, the Yukon Territory is celebrating the second straight year of increased spending. Early estimates put exploration in Yukon at about C$99 million for 2015, up roughly 20 percent over the C$80 million spent last year. With a wide swath of zinc-rich deposits in the Selwyn basin, a number of copper-rich porphyries in the Dawson Range, platinum group metal-nickel deposits in the southwest and gold deposits...
Alexco Resource Corp. Sept. 13 provided the first round of drill program results in the Bermingham deposit area of its Keno Hill Silver District, Yukon Territory. The company said this drilling has confirmed and expanded Bear zone, the high-grade zone previously discovered at Bermingham. One hole drilled this year, K-16-0608, cut 7.5 meters true width of 2,715 grams per metric ton silver, including 2.4 meters of 6,391 g/t silver in. This high-grade intercept was encountered...
Alexco Resource Corp. Aug. 10 reported plans to expand its 2016 summer drill program at the Bermingham deposit at its Keno Hill Silver District to 14,000 meters. The company originally planned to drill 8,000 meters but has now added 6,000 meters to follow up on high-grade silver results identified at Bermingham over the past couple of years. The expanded exploration program is budgeted to cost C$3.3 million and is primarily funded with C$3 million in flow-through funds raised...
Alexco Resource Corp. June 1 reported the start of site preparations for an initial 8,000-meter surface drilling program to expand upon the high-grade silver discovery at its Bermingham prospect in the Keno Hill Silver District, Yukon Territory. In addition to exploration, the company will carry out initial development to collar and establish the underground ramp portal and infrastructure necessary for future development of the Flame & Moth deposit at Keno Hill. The...
AXR:TSX / AXU:NYSE-MKT President and CEO: Clynton Nauman Executive VP and COO: Brad Thrall Vice President, Exploration: Alan McOnie Alexco Resource Corp. owns the Bellekeno silver-zinc-lead mine, as well as a number of other mineral properties within historic Keno Hill Silver District of central Yukon Territory. Bellekeno began commercial production at the beginning of 2011, but was temporarily suspended late in 2013 due to lower silver prices. Based on roughly 18,000 meters of drilling completed in 2014, Alexco published an...
Alexco Resource Corp. Oct. 20 said its wholly owned subsidiary, Alexco Environmental Group, has completed the construction and initiated operation of a 1,200-gallon-per-minute interim water treatment facility at the Gold King Mine near Silverton, Colo. The abandoned Gold King Mine is where more than 3 million gallons of metals-laden water was released during an Aug. 5 site investigation led by the U.S Environmental Protection Agency. Alexco Environmental Group's contract to de...
Alexco Resource Corp. Sept. 17 reported results from its 2015 drilling program at the Bermingham deposit of its Keno Hill Silver District project in Yukon Territory. Significant true-width intercepts from this 2,595-meter program include: 4.98 meters grading 7,462 grams per metric ton silver; 4.76 meters grading 2,357 g/t silver; and 2.35 meters of 3,774 g/t. silver. Together with the high-grade discovery intercept from the 2014 drill program - 6.39 meters grading 5,667 g/t...
AXR:TSX / AXU:NYSE-MKT President and CEO: Clynton Nauman Executive Vice President and COO: Brad Thrall Vice President, Exploration: Alan McOnie Alexco Resource Corp. owns the Bellekeno silver-zinc-lead mine, as well as a number of other mineral properties within historical Keno Hill Silver District of central Yukon Territory. Bellekeno began commercial production at the beginning of 2011, but was temporarily suspended late in 2013 due to lower silver prices. The company said developing additional feed for the mill from the pr...
In 2014, many junior exploration companies work to preserve capital by undertaking modest exploration programs. The injection of funding into the Yukon Mineral Exploration Program continues to be a valuable source of seed money for prospectors and juniors. The Government of Yukon increased its 2014 program funding to C$1.4 million from C$1.17 million in 2013. Forty-eight placer and hardrock exploration projects received funding in 2014. The program also has increased its limits from C$35,000 to C$50,000 matching dollars per...
Unlike its neighbors in the North, the Yukon Territory is forecasting a marked increase in exploration in 2014. While well shy of the roughly C$300 million invested in exploration in 2011, the peak of the modern Yukon gold rush, the C$65 million forecast to be invested on exploration in the Yukon during 2014 is roughly a 45 percent leap over last year. This exploration spending is dominated by an aggressive drill program at the Selwyn zinc project, situated in an area of...
Yukon Territory, lauded in recent years for its mine-friendly business climate, boast three operating mines coming online in the past seven years as well as strong prospects for more than doubling that number by 2020. Yet all three mines have hit rough patches in their operations in 2014 for distinctly different reasons. "It's been a little bit challenging for each of the producing mines this year," observed Robert Holmes, director of the Mineral Resources Branch of Energy, Mines and Resources in the Government of Yukon in...
WHITEHORSE, Yukon Territory - Quieter streets, emptier skies, shorter business hours and closed shops here are sure signs of tough times in the mining industry. Hours away by helicopter, one can find bare-bones exploration camps and skeleton staffs sprinkled like the occasional grain of visible gold across remote mountain vistas, which also reflect the return to the frugal times of the past. In the wake of more than two years of scarce capital, mineral exploration activity is a shadow of the booming times the territory...
The languishing price of zinc has provided little incentive for investors to embrace companies seeking to explore and develop the next generation of mines that produce this essential metal. However, an expected 1.5 million metric tons of supply being lost to mine closures by 2016 is beginning to galvanize the zinc sector. "In the case of zinc, this is a metal that's been unloved for a long time. As a result there has been very little investment put into the industry. Due to th...
British Columbia Premier Christy Clark ordered a review of the Canadian province's environmental assessment process in January, saying the current system has become too cumbersome. Clark provided few details when she announced the initiative at the Mineral Exploration Roundup in Vancouver Jan. 27. She said environmental reviews of major projects are crucial, and while the current process is rigorous and transparent, the B.C. environmental assessment office can "do better." "In my view, it is better to do the hard and...
AXR:TSX / AXU:NYSE-A President and CEO: Clynton Nauman Executive Vice President and COO: Brad Thrall Vice President, Exploration: Alan McOnie Alexco Resource Corp. is focused on unlocking value in the historic silver-rich Keno Hill district, which covers about 23,350 hectares, or 56,274 acres, in central Yukon Territory and a growing environmental consulting and reclamation and mine closure business. Alexco's primary exploration objective in 2013 was the Flame & Moth and Bermingham properties, as well as targets on the...
In 2013, the mineral industry globally has been buffeted by financial challenges. Development infrastructure has seen major cost increases. Multinational corporations have had major write-downs of assets associated with falling mineral prices. Junior exploration companies have not been able to raise venture capital for funding projects as investors appear to be shying away from what is seen as a risk investment. Yukon was not exempt from these challenges. Most exploration programs were downscaled with emphasis on lower-cost...
Asubstantial amount of exploration activity continued apace in Yukon Territory this season despite the truncated budgets that forced most mining companies to juggle their projects and priorities. Some exploration companies found creative ways to raise capital, turning out their pockets to return to Yukon in 2013 to explore for Carlin-style gold mineralization in the east-central region of the territory, for more gold-bearing structures in the White Gold and Klondike districts to the west and for other styles and types of...
A substantial amount of mining activity continued apace in Yukon Territory this season even though most mining companies are shying away from the anorexic capital markets. Many exploration companies raised funds in other ways, turning out their pockets to return to Yukon in 2013 to explore for Carlin-style gold mineralization in the east-central region of the territory, for more gold-bearing structures in the White Gold and Klondike districts to the west and for other styles and types of mineralization elsewhere in the territ...
There's nothing like getting an early start, especially when it comes to mining exploration in Canada's Far North. Literally, there's nothing like the 2013 program that Prosperity Goldfields Corp. kicked off in late February at its Kiyuk Lake Project to the east in southern Nunavut nor the 2013 field campaign launched about the same time by Kaminak Gold Corp. at the Coffee Gold Project in Yukon Territory. In a year when many mining companies are having to scrape together enough exploration funds to even mount a field program...
While others may have encountered insurmountable challenges, the new producers of precious and base metals in Canada's Far North achieved solid and, in some cases outstanding, performance results in 2012. The Meadowbank Mine in Nunavut and the three operating mines in Yukon Territory - Minto, Bellekeno and Wolverine, that began commercial production in recent years, posted results for the fourth quarter and full year of 2012 as well as guidelines for positive outcomes in 2013. Nunavut gold The Meadowbank Mine is the largest o...
VANCOUVER, B.C. - British Columbia, Alaska and Yukon Territory - the headliners of the Association for Mining Exploration British Columbia's 2013 Mineral Exploration Roundup - tallied more than C$1 billion of mineral exploration spending in 2012. This marks the second year running that these neighboring jurisdictions at the northwestern extent of the North American Cordillera topped the C$1 billion mark. But unlike the 2012 Roundup, a year in which explosive exploration...
5 brought unprecedented engagement of First Nations in mining industry activities in Yukon Territory. While tight financial markets appeared to slow the pace of mining exploration, efforts of mining companies, local and territorial governments and others to advance and/or initiate various cooperative agreements with the 11 self-governing aboriginal groups with traditional territories in the Yukon seemed to intensify. Adding to a significant roster of existing agreements, mining companies forged new pacts with a number of...
AXR: TSX AXU: NYSE-A President and CEO: Clynton R. Nauman Executive Vice President & COO: Brad A. Thrall Vice President, Exploration: Alan McOnie, FAusIMM Alexco Resource Corp is a precious metals exploration company with a silver focus and growing environmental consulting and reclamation and mine closure services. Alexco's primary exploration objective currently is to unlock value in the historic silver-rich Keno Hill district, which covers about 23,350 hectares, or 56,274 acres, in central Yukon Territory. Alexco currently...
Mining continues to be a cornerstone of Yukon's economy, with extraordinary mineral deposits, including both precious and non-precious metals. The Government of Yukon is committed to providing an internationally competitive investment climate. To this end, we continue to provide regulatory certainty around environmental assessment, permitting and licensing of projects. Yukon's exploration and mining industries are settling in for the long term. After a record-breaking year for claim staking and exploration spending in 2011,...
