The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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An abnormally long fall has allowed the Alaska mining industry to extend seasonal work well into mid-October, creating a lot of new information about project work conducted around the state. Exploration efforts, in particular, benefitted from this additional field time. Based on information available to date, 2019 exploration expenditures are expected to be in the $135-140 million range, well ahead of the $120-125 million exploration spending tracked for 2018. In addition,...
Trilogy Metals Inc. Oct. 28 reported the final set of assay results from the 2019 drill program at Bornite, part of the company's Upper Kobuk Mineral Projects (UKMP) in the Ambler mining district of Northwest Alaska. The open-pit portion of Bornite hosts 40.5 million metric tons of indicated resource averaging 1.02 percent (913 million pounds) copper; and 84.1 million metric tons of inferred resource averaging 0.95 percent (1.77 billion lb) copper. The underground portion of...
The Ambler Mining District in Northwest Alaska covers a more than 70-mile (115 kilometers) stretch of Earth's crust that is rich in a variety of precious, base and critical minerals. So rich, that nearly 40 years ago U.S. Congress wrote road access to Ambler into the laws of the land. Today, much of the Ambler District is covered by the Upper Kobuk Mineral Projects (UKMP), a partnership that brought Bornite and a number of other copper-rich prospects on Alaska Native lands...
If you have watched the metals markets over the last month, you know why Alaska's mineral industry has surged, stalled, swerved, swooped, slowed, shelved and stuttered, sometimes all at the same time! Gold has gone above US$1,500 per ounce; copper pundits are predicting an increasingly dour future; zinc markets are looking to dive below $1.00 per pound; tin markets have marched strongly upward due to supply disruptions; and silver bulls are calling for annual worldwide...
The initial results from 2019 drilling at the Upper Kobuk Mineral Projects in Northwest Alaska has the Trilogy Metals team excited, especially the first hole from the Sunshine exploration target about eight miles (13 kilometers) west of the Arctic Mine project. The US$18.2 million carried out this year at UKMP included six holes (1,357 meters) of exploration drilling at the Sunshine prospect, 10 holes (7,610 meters) of resource upgrade and expansion drilling at the Bornite...
After 15 years of leading the effort to unlock the vast mineral potential of the Ambler Mining District, Rick Van Nieuwenhuyse has turned in his resignation as president, CEO and director of Trilogy Metals Inc. Van Nieuwenhuyse, who told Mining News that he needed some time to handle personal matters, will remain as a consultant to the company and will assist with transitional matters and with advancing the company’s interests in Alaska. Jim Gowans – former president and CEO...
As the rest of the country suffers through the Dog Days of summer, Alaska is approaching the end of a topsy-turvy summer season that saw unseasonably hot, dry weather in some parts of the state during some parts of the summer, while other parts of the state have seen record rainfall and unseasonably early snowfall. Gold prices have skyrocketed over the $1,500 per ounce mark and silver prices have moved strongly up, now trading at a one-year high. However, copper and zinc are a...
United States Bureau of Land Management Aug. 30 published the Draft Environmental Impact Statement for the proposed Ambler Mining District Industrial Access Road to the Federal Register, marking the official start of a 45-day public comment period for this proposed 211-mile transportation corridor to one of the richest undeveloped minerals districts in Alaska. Alaska Industrial Development and Export Authority, which is expected to build and maintain the Ambler road and be...
Trilogy Metals Inc. July 3 provided an update on the US$18.2 million of activities being carried out this year across its roughly 353,400-acre Upper Kobuk Mineral Projects in the Ambler Mining District of Northwest Alaska. The largest portion of this program, in terms of dollars spent during 2019, is an 8,000-meter drill program aimed at upgrading and expanding the copper-cobalt resource at Bornite. At a cut-off grade of 0.5 percent, the open-pit portion of Bornite hosts 40.5...
In the famous words of Sherlock Holmes, the game is afoot! After seasonally slower news from Alaska's mining industry in March and April, the dam has broken with over two dozen Alaska mining project news releases issued in the last month. Including those projects moving forward that have not released their 2019 plans, Alaska has become a very busy place under the sun. All of our major metal mines reported strong performances in the first quarter, several of Alaska's most...
Trilogy Metals Inc. May 20 reported that permitting for the proposed road to provide surface access to the Ambler Mining District is slated for completion this year. The 211-mile Ambler Mining District Industrial Access Project (AMDIAP), the official name of this transportation corridor, would connect the Ambler Mining District to Alaska's contiguous highway system. This surface access is a key piece of infrastructure needed to begin realizing the vast potential of this...
Trilogy Metals Inc. May 23 named Janice Stairs as the new chair of its board of directors. Stairs, who has been a director of Trilogy Metals since 2011, graduated from Dalhousie Law School and holds a Master of Business Administration degree from Queen's University. "Janice is well suited to chair the Trilogy board. With her strong legal background, her many years working in the mining sector and the fact that she has been an active director of Trilogy Metals since its...
As is usually the case this time of year, the mining industry is awash in backward-looking statements designed to allow for more accurate forward-looking statements. Prime among them is one of my favorites, S&P Global's annual "World Exploration Trends 2019", a summary of what happened industry-wide in 2018 and what it may portend for the mining industry in 2019. The study predicts that global exploration budgets will increase again in 2019, although by a smaller amount, with...
Trilogy Metals Inc. March 19 reported that much of the step-out drilling completed over the past two years is still too widely spaced to result in a significant increase in resources at this large copper deposit on the company's Upper Kobuk Mineral Projects in Northwest Alaska. At a cut-off grade of 0.5 percent, the open-pit portion of Bornite hosts 40.5 million metric tons of indicated resource averaging 1.02 percent (913 million pounds) copper; and 84.1 million metric tons...
Freegold Ventures Ltd. March 5 reported that the potentially large porphyry copper-gold-silver-tungsten deposits it has been exploring on the Shorty Creek project in Interior Alaska has drawn the interest of Australia-based South32 Ltd. Under an option agreement with Freegold Ventures, a South32 subsidiary has agreed to fund up to US$10 million of exploration over the next four years, including US$2 million this year. This exploration spending keeps an option open for South32...
Trilogy Metals Inc. March 5 reported promising results from additional copper and cobalt metallurgical results for the Bornite project in the Ambler mining district of Northwest Alaska. According to a 2016 calculation, the Bornite project hosts roughly 6.4 billion pounds of copper and 77 million lb of cobalt. These metal quantities, however, are expected to rise when an update resource calculation currently underway is complete. Nine samples from drilling over the past two yea...
When it comes to attracting mining investment, Alaska, British Columbia and all three Canadian territories rank among the top 20 jurisdictions in the world on the Fraser Institute Survey of Mining Companies 2018. This report asks industry professionals from around the globe to score mining jurisdictions based on their mineral endowment and various policy topics important to mining. "The mining survey-now in its 21st year-is the most comprehensive report card on government...
Those of you that attended the recent Cordilleran Roundup Convention in Vancouver can attest to the exuberant, upbeat atmosphere that pervaded the conference and was very much in evidence at the standing-room only festivities at our annual self-hosted Alaska Night meet and greet. But digging down under this veneer of optimism, many of the junior explorers and most of the producers admitted to their expectations of challenging times in 2019. Putting words to this apparent...
The Red Dog Mine has been a gamechanger for the more than 14,000 Iñupiat shareholders of NANA Corp., the Alaska Native Claims Settlement Act (ANCSA) regional corporation that owns the world-class Red Dog deposits in Northwest Alaska that are the source of around 5 percent of the world's new zinc supply each year. The revenues from shipping out more than 1 billion pounds of zinc annually, along with healthy portions of lead, silver and minor amounts of germanium, has served...
Trilogy Metals Inc. Jan. 6 announced a US$2 million increase to the exploration budget reported last week for the Upper Kobuk Mineral Projects in Northwest Alaska, swelling the total expenditures for 2019 to US$18.2 million. Trilogy will contribute US$1 million for this expanded program and South32 Limited will contribute the balance. This additional spending will be used for district-scale exploration across the Ambler Mining District with a focus on identifying and testing...
Trilogy Metals Inc. Jan. 31 announced a US$16.2 million work program this year for the Upper Kobuk Mineral Projects in Northwest Alaska, a work program that is expected to result in major milestones toward realizing the world-class mineral potential the Ambler Mining District has to offer. Similar to the previous two years, Australia-based South32 Ltd. will invest US$9.2 million of the 2019 funding, which will go toward infill and resource expansion drilling at the Bornite...
Trilogy Metals Inc. is closing in on the completion of a feasibility study for Arctic, the first of a series of mines the company envisions being developed across the Upper Kobuk Mineral Projects in Northwest Alaska's Ambler Mining District. Arctic, the most advanced of the Upper Kobuk Mineral Projects, hosts 43.04 million metric tons of probable reserves averaging 2.32 percent copper, 3.24 percent zinc, 0.57 percent lead, 0.49 grams per metric ton gold and 36 g/t silver. A...
Geologists familiar with Alaska already know the Far North State is a great place to explore for critical minerals and metals such as graphite, rare earths, platinum metals, cobalt and tin. A new report published by the U.S. Geological Survey, however, indicates that Alaska may be richer in these and other minerals and metals vital to the economy and security of the United States than previously realized. Working alongside the Alaska Division of Geological & Geophysical...
While copper is not on the United States Geological Survey's list of 35 minerals and metals critical to America, there is no doubt of this metal's importance to both the everyday and avant-garde technologies vital to America's economy and security. "None of the other critical minerals work without copper," Trilogy Metals President and CEO Rick Van Nieuwenhuyse told Mining News. Automobiles are a prime example of how emerging technologies and green energy will drive the demand...
Cobalt is a critical safety ingredient in the cathodes of lithium-ion batteries powering the ever-increasing number of electric vehicles traveling global highways and a plethora of cordless electrical devices. "Globally, the leading use is in the manufacture of cathode materials for rechargeable batteries – primarily lithium-ion, nickel-cadmium, and nickel-metal-hydride batteries – which are used in consumer electronics, electric and hybrid-electric vehicles, energy sto...
