The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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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...
Attracting the attention of some of the biggest names in the resource investment world, HighGold Mining Inc. raised C$13.8 million in July to fund an expanded drill program at its Johnson Tract gold project in Southcentral Alaska. HighGold Mining was formed in 2019 to explore gold properties spun out of Constantine Metal Resources that included Johnson Tract. Situated on Cook Inlet Region Inc., or CIRI, land about six miles west of Cook Inlet and roughly 125 miles southwest...
Constantine Metal Resources Ltd.'s 2020 program focused primarily on exploring the hardrock source of Porcupine gold placer mining on its Palmer project in Southeast Alaska. Constantine has traditionally focused its exploration on the discovery and expansion of volcanogenic massive sulfide deposits at Palmer. This work has outlined 4.68 million metric tons of indicated resource averaging 5.23% (539 million pounds) zinc, 1.49% (154 million lb) copper, 30.8 grams per metric ton...
Whether it is the exponential growth in electric vehicles traveling global highways, the massive need for storing energy at solar and wind electrical generating facilities, or cutting the cords on our electronic devices, the world is becoming increasingly dependent on lithium-ion batteries. And this is driving up the demand for cobalt, a critical safety ingredient in the cathodes of these energy storage cells. "Globally, the leading use is in the manufacture of cathode materia...
Considering the global shift to low-carbon energy and electric mobility, copper is the most vital metal not on the United States Geological Survey's list of 35 minerals and metals considered critical to America's economic wellbeing and security. Copper's importance is due to the rapidly emerging electric vehicle, wind turbines and photovoltaic (PV) solar technologies need a lot more copper than the combustion cars and power plants they are replacing. It is estimated that the...
The United States is heavily dependent on China and other foreign suppliers for its barite, a mineral critical to the petroleum sector. Barite derives from barús, the Ancient Greek word for heavy, owing to an exceptionally high specific gravity for a non-metallic mineral. It is this weight that makes barite a key element to the oil and gas sector and lands the mineral on USGS' critical list. "More than 90% of the barite sold in the United States was used as a weighting agent...
Constantine Metal Resources Ltd. Nov. 19 reported that this year's prospecting and soil sampling has confirmed historically reported high-grade gold mineralization at Big Nugget Gold and has helped refine drill targets for follow up drilling at this project associated with the company's Palmer project in Southeast Alaska. "The Big Nugget Gold project represents a rare, untested and undrilled, high grade gold quartz vein system that is unusual to find in this day and age,"...
Constantine Metal Resources Ltd. came out on the winning side of a Ninth Circuit Court of Appeals ruling on a lawsuit brought by Southeast Alaska Conservation Council and others that challenged federal permits for road building on the company's Palmer zinc-copper-gold-silver-barite project near Haines, Alaska. "We believe the Ninth Circuit decided correctly on this matter and are pleased with the final decision," said Liz Cornejo, community liaison and advisor to Constantine...
Constantine Metal Resources Ltd. Aug. 13 has identified a potential source area for the historical Porcupine gold placer mining operation located on its Palmer property in Southeast Alaska. Constantine has traditionally focused its exploration efforts on the discovery and expansion of volcanogenic massive sulfide deposits rich in a wide variety of base and precious metals. This work has outlined 4.68 million metric tons of indicated resource averaging 5.23% zinc, 1.49%...
Constantine Metal Resources Ltd. June 24 announced a US$2.15 million budget for 2020 activities related to the Palmer zinc-copper-gold-silver project in Southeast Alaska. Funded by the Constantine Mining LLC Joint Venture, which is co-owned by Constantine (51%) and Dowa Metals & Mining Co. Ltd. (49%), the program includes summer field work, environmental and project permitting work for future underground exploration development, and continued outreach to keep the Haines...
With more than half of Alaska's entire population living within its region, Cook Inlet Region Inc., more commonly known as CIRI, is the most metropolitan of the 12 landholding Alaska Native regional corporations. While CIRI has leveraged its urban position with retail developments such as Tikahtnu Commons, an enormous retail and entertainment center on the outskirts of Anchorage, the Southcentral Alaska regional corporation also has oil and gas, renewable energy and mining...
HighGold Mining Inc. Nov. 5. reported a long section of world-class gold-zinc-copper mineralization in its first hole at the Johnson Tract gold project in Southcentral Alaska. The newly formed company's inaugural hole, JT19-082, cut 107.8 meters averaging 12.42 grams per metric ton gold, 8.9 g/t silver, 0.88 percent copper, 7.11 percent zinc and 1.64 percent lead – or 19.55 g/t gold-equivalent. "Johnson Tract is one of an elite few gold deposits to generate drill i...
HighGold Mining Inc. Oct. 16 reported the completion of 2,247 meters of drilling in nine holes during the newly formed company's inaugural exploration program at the Johnson Tract gold-zinc-copper property in Southcentral Alaska. In addition to the drilling, which focused on defining and expanding the JT (Johnston Tract) deposit, this year's fieldwork included prospecting, geological mapping and geochemical sampling at several regional targets on the property. HighGold,...
Constantine Metal Resources Ltd. Sept. 25 reported that one hole drilled this year encountered massive baritic sulfide mineralization well outside of the RW Zone at the Palmer Joint Venture project in Southeast Alaska. The Palmer deposit, which includes both the South Wall and RW zones, contains 4.68 million metric tons of indicated resource averaging 5.23 percent (539 million lb) zinc, 1.49 percent (154 million lb) copper, 30.8 grams per metric ton (4.2 million oz) silver,...
HighGold Mining Inc. has received approval to have its shares listed on the TSX Venture Exchange and some big names in gold mining and investing are lined up to be initial shareholders of the new exploration company. HighGold Mining shares, which will be listed under the symbol HIGH on the TSX.V, are expected to begin trading on Sept. 23. In connection with listing, the gold-focused exploration company closed a C$7.65 million financing on Sept. 19. This non-brokered private pl...
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...
Constantine Metal Resources Ltd. July 31 reported that it has received state approvals for underground exploration at Palmer, the next major step in the advancement of this zinc-copper-gold-silver-barite project in Southeast Alaska. In June, Constantine published a preliminary economic assessment that outlines plans for a 3,500-metric-ton-per-day operation at Palmer that would produce 1.07 billion pounds of zinc, 196 million lb of copper, 18 million ounces of silver, 91,000...
Earlier this month Reuters reported that several agencies within the U.S. Federal government were "rapidly assessing" our domestic ability to mine and refine rare earth elements and utilize those 17 super cool elements in value-added products needed for a wide and ever-growing array of consumer and national defense products. Not surprisingly, mining industry officials demurred when quizzed about supplying information on where rare elements might be mined in the U.S. and how...
Constantine Metal Resources Ltd. June 27 said a drill program aimed at expanding and upgrading the zinc-copper-gold-silver-barite resources at the Palmer project in Southeast Alaska is now underway. In early June, the company released a preliminary economic assessment for developing a mine at Palmer that is both economically robust and environmentally conscientious. The PEA looks at a 3,500-metric-ton-per-day operation at Palmer that would produce 1.07 billion pounds of zinc,...
Constantine Metal Resources Ltd. June 28 reported that recent resampling of historical core from the Johnson Tract gold property in Southcentral Alaska returned long zones of high-grade gold, along with zinc, copper, lead and silver. The results from this resampling are included in a technical report filed in advance of a July 25 meeting for shareholders to vote on Constantine's proposal to spin out Johnson Tract and the company's other gold properties into HighGold Mining...
Earlier this month S&P Global put out a summary indicating that during the first quarter of 2019 metals like copper, zinc and nickel were up quarter over quarter by 11 percent, 22 percent and 25 percent, respectively. More recently gold has skyrocketed beyond the $1,400-per-ounce mark for the first time in many months. Correspondingly, the mining industry's aggregate market cap also rebounded strongly in the period after four bearish quarters, rising 12 percent to $1.43...
Constantine Metal Resources Ltd. June 3 released a preliminary economic assessment for Palmer that outlines an economically robust and environmentally conscientious mine for the volcanogenic massive sulfide project in Southeast Alaska. "This PEA is the most significant milestone for Constantine to date, demonstrating a high-quality project with strong economics and a progressive, environmentally conscious mine design," said Constantine Metal Resources President and CEO...
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...
HighGold Mining Inc. was launched this summer to explore gold properties spun out of Constantine Metal Resources Ltd. While the spin-out of HighGold was not finalized until early August, the new company hit the ground running with drills turning at Johnson Tract, a gold-rich volcanogenic massive sulfide VMS project in Southcentral Alaska. Situated about six miles west of Cook Inlet and roughly 125 miles southwest of Anchorage, the 20,942-acre Johnson Tract property hosts a gol...
In order to focus on its flagship Palmer project in Southeast Alaska and to realize greater value from its portfolio of gold properties, Constantine Metal Resources Ltd. spun its gold assets into a new exploration junior, HighGold Mining Inc. "Constantine will continue to create shareholder value by advancing the Palmer project and will allow shareholders to realize the value locked in the gold assets through their spinout into a separate entity," said Constantine Metal Resour...
