The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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The Mackenzie Valley Environmental Impact Review Board has approved a proposal by Canadian Zinc Corp. for protecting the environment during operation of the Prairie Creek Mine in the Northwest Territories. The move, which comes after more than three years of review, is seen as perhaps a major milestone in the permitting process for the underground lead-zinc mine project and a signal that the investment climate for mining may be changing for the better in the northern territory. The Mackenzie Valley Environmental Impact...
Much of Alaska's resource wealth is locked up in more than 350,000 square miles (906,000 square kilometers) west of the state's contiguous road system. Alaska Gov. Sean Parnell has included some US$50 million in his fiscal 2013 state budget proposal to support measures aimed at gaining access to much of the state's abundant oil, gas and minerals resources including three roads that would trek westward. "Better transportation corridors will open up petroleum and mining...
The vast landscape of the Northwest Territories is blessed with an abundance of resources. It is a land filled with opportunity, and much of the mineral wealth remains untapped. Mineral explorers and producers are making best efforts to unlock this potential and seizing the opportunities that await them. The Government of the Northwest Territories strongly supports responsible and sustainable mineral development that yields substantial economic benefits to NWT residents, communities and businesses. Four mines are operational...
RG: TSX-V/RMIOF:NASDAQ OTC/D4R:FE President and Director: Anastasios (Tom) Drivas Chief Financial Officer: Michael D'Amico, CA Vice President, Exploration and Geologist: Thomas Skimming, P. Eng. Romios Gold Resources Inc. is a Canadian exploration company actively engaged in precious and base metal exploration in British Columbia and Quebec with a primary focus on gold, copper, silver and molybdenum. Romios has acquired nine strategically located gold-copper properties between Nova Gold/Teck Cominco's and Barrick Gold's...
As gold prices soared in 2011 along with demand for silver and base metals, droves of mineral explorers fanned out across remote areas of Yukon Territory, seeking lucrative hardrock deposits. Lured by news of recent gold discoveries in the White Gold district of the Dawson Range and the Carlin-type mineralization found in the Rackla Gold Belt to the east, the horde of juniors, along with the occasional major, turned up with a frenzy of new claim-staking that started early in the year. Many returned to projects they first...
Thanks to rising revenue, exports, production and prices, the mining industry in British Columbia is racing toward a potential record year for exploration, development and production activity. The province's mining boom is being fueled by the global recovery in manufacturing, and in particular the strong demand for raw materials in Asia, according to B.C. officials. In 2010, the price of metallurgical coal rose by 70 percent, while prices for copper climbed 45 percent, silver by 37 percent and gold by 25 percent from 2009....
DENVER - China may be poor in natural resources, but the country has enough cash to source its burgeoning need for minerals from foreign lands. This was the message that Mamadou Barry, senior mining specialist in the Sustainable Energy Department of the World Bank brought to participants in the Mining Americas Summit 2011 held here June 13-14. "China is a country of superlatives. In February China overtook Japan to become the second-largest economy in the world, and they are...
Rio Tinto Exploration Canada Inc., 60 percent owner and operator of the Diavik Diamond Mine in Northwest Territories is quietly looking for more diamond deposits in Canada's high Arctic. Though the company declined to confirm a start date for its 2011 exploration program or discuss its plans, officials of Indian and Northern Affairs Canada, Parks Canada, Environment Canada and other affected federal regulators signed off this spring on a new land use permit for proposed work to be carried out between March and October 2011...
Some months ago I was talking to a senior exploration manager regarding the lack of new discoveries worldwide in the last few years. The subject came up of just how rare a +1-million-ounce gold deposit really was. Then last week one of our project geologists lays a publication in front of me entitled "How Rare are One Million Ounce Gold Deposits?" by Natural Resources Holdings, Ltd. Although this publication comes at the question from the standpoint of which new deposits are...
The Fraser Institute recently released its "Survey of Mining Companies, 2010/2011," an annual survey of exploration and mining companies that gauges the pros and cons of working in various countries around the world. This year the survey results came from 494 mining companies working in 79 jurisdictions and representing cumulative exploration expenditures of more than US$2.4 billion in 2010. There was a bit of honey and a bit of vinegar for Alaska in this report. Let's do...
All bets are off, but prospects for the project most likely to succeed in becoming the next producing mine in Northwest Territories got a boost recently when its developer commissioned a new feasibility study. Canadian Zinc Corp. in February reported engaging SNC-Lavalin Inc. to complete the feasibility study in 2011 for the underground Prairie Creek Project, a longstanding mining venture where it hopes to capitalize on several decades of development work to produce lead and zinc concentrates and a silver-bearing copper...
By signing a preliminary devolution agreement with the federal government Jan. 26, the Government of Northwest Territories has signaled that it is as eager for resource development as Yukon Territory, its neighbor to the west. "This agreement brings us one step closer to devolution, to having province-like powers. With devolution, we will gain local management and control over our non-renewable resources," said the N.W.T. Industry, Tourism and Investment Minister Robert McLeod in a recent interview. "I think it was an...
Mining exploration activity in northern British Columbia approached record levels in 2010 with explorers setting a new drilling record and spending about C$168 million in pursuit of a wide range of minerals, including gold, copper, silver, molybdenum, and rare earth elements, according to a top provincial geologist. Paul Wojdak, regional geologist for the Northwest Region of British Columbia's Ministry of Energy, Mines and Petroleum Resources, said the major good news mining story in 2010 for central and northern British...
Terrence Chandler, former CEO of Redfern Resources Ltd., has joined Chieftain Metals Inc., a newly created company focused on re-opening the Tulsequah Chief Mine, a precious metals-rich volcanic massive sulfide deposit on British Columbia's western border, about 40 miles, or 64 kilometers, northeast of Juneau. Chandler serves as executive vice president of the company. In his former role at Redfern, he spent some 20 years working on exploration, permitting and development of...
As mining heats up in Yukon Territory, professionals from around the globe are finding new roles in the region and employing a host of unique experiences and perspectives in pursuit of exploration, development and production of the territory's minerals. This growing international contingent covers the industry spectrum and hails from around the globe. Their presence is most evident in exploration camps scattered across the Yukon; however, the new manager of Yukon's sole producer, Capstone Mining Corp.'s Minto Mine, is a...
As more mine projects in Yukon Territory move through development, the Yukon Mine Training Association is coming into its own as a good source of well-trained mine workers recruited from local communities. Not only has the YMTA become fully operational in the past two years, it also has honed a strong reputation for providing a wide range of training opportunities for Yukoners. The four-year-old association is an uncommon network of partnerships between 19 companies, five educational institutions and 11 First Nations. In all,...
More and more explorers are buying up and/or staking claims in an elongated area of central British Columbia that is emerging as a significant rare earth metals play, while juniors line up to mobilize exploration crews to begin searching the area for economic concentrations of rare earths. All of this attention is focused on a major continental geologic feature known as the Rocky Mountain trench, a southeast-northwest trending swath of mountainous ground that could host numerous potentially economic concentrations of rare met...
The resurgence of mining industry activity in Yukon Territory is bringing with it the prospect of more commercial activity in Southeast Alaska, specifically in the coastal community of Skagway. Though tiny in size with only 850 year-round residents, Skagway is home to one of Alaska's most strategically located ice-free, deepwater ports. The Skagway Ore Terminal at the port stores 65,000 tons a year of copper-gold-silver concentrates from Yukon's only operating mine, Capstone Mining Corp.'s Minto Mine. And once a month for...
The search for furs opened up the Northwest Territories more than 400 years ago, bringing explorers and traders to the North. In today's economy, it's the search for - and the development of - mineral resources that is the one of the main cogs in the NWT economy. It's an industry that contributes more than C$1 billion annually to our economy and creates more than 2,000 direct jobs. And while the past two years have been challenging for the mining industry everywhere due to the global economic crisis that has seen exploration...
Constantine Metal Resources Ltd. kicked off 2010 by presenting a debut resource estimate for its Palmer copper-zinc-gold-silver project in Southeast Alaska. Based on 32 holes drilled into the RW and South Wall zones of the property's Glacier Creek prospect through 2009, an inferred resource of 4.12 million metric tons grading 2.01 percent copper, 4.79 percent zinc, 0.30 grams per metric ton gold and 31 g/t silver (using an NSR cut-off of US$75/t) has been calculated for the...
Efforts to build an electricity transmission line critical to economic development of northwestern British Columbia moved closer to reality in 2010. Cheered by the prospect of access to cheap power, scores of miners flocked to the region to re-activate dormant projects and scour the mountainous terrain for new discoveries. The Canadian government allocated C$130 million in funding for construction of the Northwest Transmission Line in September 2009, providing critical funding for the estimated C$404 million needed to build...
Diamonds continued to dominate mining production in Northwest Territories in 2010, but other hardrock mineral projects led most of the mineral exploration activity during the year. Yet 2010 is shaping up to be a year of recovery for nearly all of the territory's miners. Rough diamond production from Harry Winston's 40 percent share of the Diavik Mine totaled 650,000 carats in the second quarter, up significantly from 570,000 carats a year earlier. Rio Tinto plc controls 60 percent interest in Diavik, Canada's largest diamond...
Government and industry officials agree that mining exploration and development in recent years have brought substantial positive change to Nunavut, Canada's newest and least explored territory. Ongoing and new exploration, however, are rapidly advancing understanding of this vast Arctic land's mineral potential. "In this industry, it seems that all of the best and worst of times were compressed into less than two years (between 2008 and 2010)," said Peter Taptuna, minister of Economic Development & Transportation for the Gov...
MTB: TSX-V President and CEO: Frank Kamermans Director: Edward Kruchkowski, P. Geo, P. Geol. Mountain Boy Minerals Ltd. is a Canadian mineral exploration company focused on mineral prospects in north-central British Columbia near Stewart, B.C. Mountain Boy owns a 49 percent interest in the Silver Coin mineral claims (19 percent is optioned to Pinnacle Mines Ltd.), a 26.95 percent interest in the Indi mineral claims and a 29.4 percent interest in the Kansas mineral claims. These 26 contiguous claims cover 1,255 hectares and...
TAM: TSX-V Executive Chairman: Margaret M. Kent, B.Sc., M.Sc. President: Ross F. Burns B.Sc., P.Geo, LG CEO: Michael (Mike) Willett, P.Eng Formed in 2000, Tamerlane Ventures Inc. is focused on putting the most profitable zinc-lead property in Canadian history back into production and developing a dump leach copper project in Peru. The junior plans to become a producer of lead-zinc concentrates from its Pine Point Project in Northwest Territories, which hosts an NI 43-101-compliant estimate of 10.9 million metric tons of...
