The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 25 of 38
Contango ORE buys the Golden Zone and Amanita exploration projects held by Avidian Gold Alaska. Avidian Gold Corp. Aug. 7 announced that it has finalized the sale of its Alaskan subsidiary, Avidian Gold Alaska Inc., to Contango ORE Inc. for $2.4 million (C$3.3 million), plus a potential future payment of $1 million (C$1.4 million) if Contango decides to develop a mine at the mineral exploration projects that came with the sale. With the purchase, Contango ORE gains ownership...
Agrees to sell Golden Zone, Amanita projects for up to $3.4 million in cash and Contango Ore shares. Avidian Gold Corp. May 2 announced that it has entered into a binding agreement to sell its Alaskan subsidiary, Avidian Gold Alaska Inc., to Contango ORE Inc. for US$2.4 million (C$3.3 million), plus a potential future payment of US$1 million (C$1.4 million) if Contango takes either of Avidian's Alaska assets to a production decision. "This transaction is a win-win,...
As we honor tradition and significant achievement toward mining, mineral exploration, or all-around trailblazing in Alaska, there are many individuals who have been immortalized through the Alaska Mining Hall of Fame. Among these legends is Wesley Earl Dunkle, whose impacts on Last Frontier aviation are as memorable as his mining exploits and possibly even more strongly felt today. In 2006, Charles Hawley chronicled Dunkle's high-flying Alaska exploits in a book titled...
Avidian Gold Corp. Feb. 28 announced an update from the Copper King and Long Creek 2021 reverse-circulation drill program at its district-scale Golden Zone project strategically located in Southcentral Alaska. "The 2021 drilling results suggest that in the Copper King & Long Creek area, a nearby mineralized intrusive provided gold, copper and silver-bearing solutions that precipitated into favourable permeable sedimentary units that can be traced for over 2 kilometers and...
Avidian Gold Corp. Mar. 7 announced it has staked nearly 4,200 acres (1,700 hectares) of ground immediately to the south and southwest of its Golden Zone property, rubbing elbows with Discovery Alaska Ltd.'s Chulitna project and expanding the total volume of the district-scale land holdings to 34,870 acres (14,200 hectares). "We staked this additional ground as the significant gold discoveries at the Southwest Prospect area trended to the southwest into unexplored open ground...
While copper has the potential to be a major contributor to Alaska's economic future, this "new oil" of the low-carbon economy will be hard-pressed to beat out the old money being produced at current and coming gold mines across the Last Frontier. This is due in large part to Kinross Gold Corp.'s new "Kinross Alaska" strategy that is leveraging the underutilized 14-million-metric-ton-per-year mill and storage capacity at Fort Knox to process higher-grade ore mined from...
Exploring its Central Alaskan properties, Avidian Gold Corp. continued progressing its Fairbanks Mining District projects, Amanita and Amanita NE, as well as further exploring Golden Zone, a gold-rich polymetallic project about six miles (10 kilometers) west of the paved Parks Highway roughly midway between Anchorage and Fairbanks. Avidian kicked off 2021 with results from its 2020 drill program at Amanita, which lies next to Kinross Gold's Fort Knox Mine property. The best...
Avidian Gold Corp. Jan. 19 announced results from eight of the 17 reverse-circulation drill holes completed on the Mayflower Extension Zone at its district-scale Golden Zone project in Southcentral Alaska. "We are extremely pleased with the success of the 2021 drill campaign at MEZ," said Avidian Gold President and CEO Steve Roebuck. "The results received to date demonstrate the high potential for the continued discovery of near-surface gold mineralization to the Breccia Pipe...
Avidian Gold Corp. Oct. 21 announced that it has wrapped up 2021 exploration at Golden Zone, a gold-rich polymetallic exploration project strategically located midway between Anchorage and Fairbanks, Alaska, and only 6.2 miles (10 kilometers) west of the paved Parks Highway, Alaska Railroad, and the 345 kilovolt Alaska Intertie power lines. This year's program included 3,288 meters of reverse circulation (RC) drilling in 27 holes that tested the Mayflower Extension Zone...
Discovery Africa Ltd. Nov. 3 reported high-grade gold, silver, and copper results from the initial rock sampling program on the company's Chulitna project about four miles west of the Parks Highway, roughly midway between Anchorage and Fairbanks, Alaska. Lying immediately south of Avidian Gold Corp.'s Golden Zone project, the Chulitna land package covers the Partin gold-silver-copper target and Coal Creek tin-silver zinc prospect. After staking roughly 77 square miles of...
Alaska's largely untapped mineral potential continues to draw the interest of Down Under mining companies, including two Australian minerals explorers that picked up prospective land packages open to staking. Earlier this month, Australia-based Ragusa Minerals Ltd. announced that it had acquired Monte Cristo, a block of 500 state mining claims covering a 35-mile-long (55 kilometers) under-explored stretch of Southcentral Alaska east and south of two projects with...
Avidian Gold Corp. July 19 announced the start of 2021 exploration at its Golden Zone gold-silver-copper project about six miles (10 kilometers) west of the paved Parks Highway about midway between Anchorage and Fairbanks, Alaska. This property in Southcentral Alaska hosts several precious and base metal targets along a roughly 12-mile (19 kilometers) trend. Breccia Pipe, the most advanced of these, is a deposit with 4.19 metric tons of indicated resource averaging 1.99 grams...
Discovery Africa Ltd. July 16 said it has completed an initial field program to validate and expand upon known gold occurrences on its Chulitna project about four miles west of the Parks Highway, roughly midway between Anchorage and Fairbanks, Alaska. Situated south of Avidian Gold Corp.'s Golden Zone project, the approximately 46-mile Chulitna land package covers the Partin gold-silver-copper target and Coal Creek tin-silver zinc prospect. Australia-based Discovery Africa,...
Avidian Gold Corp. March 8 reported that gold mineralization was encountered in all nine holes drilled last year at its Amanita project just south of Kinross Gold Corp.'s Fort Knox Mine in Alaska's Fairbanks Mining District. In December, the company reported results from the first two holes drilled at Amanita last year. The best intercept was encountered in hole AM20-02, which cut 22.7 meters averaging 3.11 grams per metric ton gold from a depth of 76.4 meters. The company...
Australia-based Discovery Africa Ltd. Feb. 22 announced the staking of 308 state mining claims covering gold-silver-copper and tin-silver prospects in Southcentral Alaska. Known as the Chulitna project, this roughly 46-square-mile land package covers the Partin Creek and Coal Creek prospects about four miles west of the Parks Highway and about 155 miles north of Anchorage. This is just south of Avidian Gold Corp.'s Golden Zone project. Historical mapping, trenching, and rock...
Strong metal prices and an infusion of cash from notable resource investors helped to salvage much of a 2020 mineral exploration season in Alaska that became lethargic with disruptions, delays, and shelving of field programs infected by the COVID-19 pandemic early in the year. At its onset, 2020 was looking like it would be the best year for Alaska's mining sector in a decade. Australia-based mining companies were slated to invest nearly US$100 million in mineral exploration...
Avidian Gold Corp. Jan. 27 reported that it is preparing for a 2021 drill program to expand upon the gold mineralization encountered last year on its Amanita project in Alaska's Fairbanks Mining District. Last year, Avidian completed 1,945 meters of drilling in nine holes within the Tonsina trend, an 800-meter-wide structural corridor of gold mineralization that extends northeast from Amanita onto Kinross Gold Corp.'s Fort Knox Mine property. The company received assay results...
Following the July closing of a C$2 million private placement in which Eric Sprott acquired 20 million Avidian Gold Corp. shares, the junior explorer resumed exploration of its expanded portfolio of exploration properties in Alaska. Avidian has two properties adjacent to the Fort Knox Mine property, which makes them ideally located to be potential future sources of the higher grade ore Kinross Gold Corp. is seeking for its underused mill at Fort Knox. Avidian, which already...
Avidian Gold Corp. Dec. 17 reports that the second hole of its 2020 drill program at Amanita encountered the most significant gold intercept so far on this project that lies alongside the southern border of Kinross Gold Corp.'s Fort Knox Mine property in Alaska. This year, Avidian completed 1,945 meters of drilling in nine holes within the Tonsina trend, an 800-meter-wide structural corridor of gold mineralization that extends northeast from Amanita onto the Fort Knox...
Kinross Gold Corp.'s new long-term strategy for its Fort Knox Mine is a paradigm shift for mineral exploration companies with gold projects on or near the road system within a 300-mile-radius of the iconic gold operation about 20 miles north of Fairbanks, Alaska. Under this new operating plan, Kinross is looking for Alaskan projects that can deliver high-grade ore to the underutilized 14-million-metric-ton-per-year mill at Fort Knox. "There is an economic radius around Fort...
Avidian Gold Corp. June 1 said it has signed a binding letter of intent to acquire the Fish Creek gold property near Kinross Gold Corp.'s Fort Knox Mine in Alaska from Keltic Enterprises Inc. Situated about four miles east of the area currently being mined at Fort Knox and immediately west of Kinross' Gil deposit, Fish Creek consists of 1,032 acres of state mineral lease lands. Avidian already owns Amanita, 3,608-acre property on state lands boarding the south side of the...
Avidian Gold Corp. Jan. 16 provided highlights from the 2019 exploration programs on its Amanita and Golden Zone properties in Alaska. The 3,608-acre Amanita property is on state land boarding the south side of Kinross Gold Corp.'s Kinross Mine. Exploration by Avidian and others have identified one or more oxide gold resources within the Tonsina Trend, a structural corridor on the Amanita property that extends northeast onto the Fort Knox property. Highlights from previous...
As the year winds down, mineral industry evaluations for 2019 are being published at a rapid rate. One of the most interesting such global reviews is EY Global Mining and Metals' annual "risk radar" for mining and metals, outlining what mining companies perceive as the top ten risks facing them in the near future. This publication stated that, for the second straight year, "social license to operate" remains the number one risk facing mining companies in 2020. This was...
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,...
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...
