The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Quaterra Resources Inc. Jan. 9 reported that a geophysical survey carried out on its Groundhog property in Southwest Alaska has identified 19 porphyry copper-gold targets. Groundhog is a 54,880-acre property that covers a northern extension of a structural zone that hosts several porphyry targets and deposits, including the world-class Pebble copper-gold-molybdenum deposits about three miles to the south. Alaska Earth Sciences, an Anchorage-based geological consulting firm,...
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...
Quaterra Resources Inc. Aug. 26 announced the start of a 1,500-line-kilometer ZTEM (z-axis tipper electromagnetic) geophysical survey at Groundhog, a 40,000-acre property that covers a northern extension of a structural zone that hosts several porphyry targets and deposits, including the world-class Pebble copper-gold-molybdenum deposits about three miles to the south. Alaska Earth Sciences, an Anchorage-based geological consulting firm, discovered the Groundhog prospect and K...
Three world-class deposits in Alaska – Pebble, Donlin Gold and Livengood – are far enough advanced to be considered beyond the exploration stage but not quite ready to break ground on development. Together, these three colossal deposits host more than US$160 billion worth of gold – with Pebble adding nearly another US$200 billion worth of copper, molybdenum and silver at today's metals prices. The jobs and revenue generated from developing operations to mine these three global...
There are good indications that large porphyry copper deposits may be found beyond the borders of the Pebble property held by Northern Dynasty Minerals Ltd. Quaterra Resources Inc. has cut a deal on Groundhog, one of the most promising of these prospects in this area of Southwest Alaska known for its world-class copper potential. “The Groundhog project offers the potential to discover a major deposit in an established porphyry belt,” said Quaterra Chairman and CEO Tom Pat...
If there is anyone still on the fence wondering if the minerals industry has started a recovery from the doldrums of the past four years, this month’s mineral industry activity in Alaska should settle the question with authority. During the past month, we have seen two merger/acquisitions occur, one by Solitario Exploration & Royalty Corp., which acquired Zazu Metals Corp. and its interest in the Lik lead-zinc-silver deposit. Then we also had Coventry Resources acquire V...
At a recent mining industry panel discussion at the Western States Land Commissioners Association meeting in Anchorage, I was asked if the recent upturn in activity in the Alaska mining industry was a function of commodities prices or a growing worldwide recognition of Alaska's enormous mineral potential. I answered that I thought neither factor was driving the Alaska mineral industry revival: commodities prices have been steady or rising slowly over the last year and...
Kijik Corp. and Alaska Earth Sciences Inc. Dec. 30 announced the formation of Chuchuna Minerals Company, a joint venture partnership to advance exploration at the Groundhog copper-gold project, situated immediately north of the Pebble project in Southwest Alaska. Alaska Earth Sciences, an Anchorage-based geological consulting firm that discovered the Groundhog prospect, will own 51 percent of Chuchuna Minerals; the remaining 49 percent will be owned by Kijik, the Alaska Native village corporation for Nondalton, the nearest...
