The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 75 of 173
Constantine Metal Resources Ltd. May 21 said it has finalized a deal to lease the Johnson Tract gold property from Cook Inlet Region Inc., an Alaska Native regional corporation more commonly known as CIRI. Situated about six miles west of Cook Inlet and roughly 125 miles southwest of Anchorage, the 20,942-acre Johnson Tract property hosts a gold and base metals deposit that is reminiscent of the historical Eskay Creek Mine in neighboring British Columbia and a 7.5-mile...
Seeking economic and cultural prosperity for its more than 22,000 Tlingit, Haida and Tsimshian shareholders while also looking to provide even greater benefits for future generations, Sealaska takes a balanced approach to developing the resources growing above and stored beneath its lands in Southeast Alaska. This does not mean the Southeast Alaska Native Claims Settlement Act (ANCSA) corporation shuns mining or other resource development in its region, a nearly 600-mile...
I, for one, feel vindicated, relieved and ready to face the New Year! How so, you ask? Please let me explain. For those of you who remember my column in November, I noted that EY Global Mining and Metals publishes an 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 was for the years 2017-2018 and stated that "Our number one risk this year is digital effectiveness." If you...
Constantine Metal Resources Ltd. Dec. 18 published a maiden mineral resource estimate for the AG Zone at the company's Palmer copper-zinc-lead-silver-gold project in Southeast Alaska. Since discovering AG Zone in 2017, Constantine has focused much of its drilling on this new resource area about 3,000 meters southwest of South Wall-RW, the primary volcanogenic massive sulfide deposit outlined so far at Palmer. This work has outlined a deposit that has increased the overall...
WESTERN ALASKA Northern Dynasty Minerals Ltd. announced that it had finalized a surface right of way agreement with Alaska Peninsula Corporation for use of that latter's lands for the construction and operation of transportation infrastructure associated with the Pebble copper-molybdenum-gold project. Alaska Peninsula Corporation is an Alaska Native village corporation with extensive land holdings proximal to the Pebble site and more than 900 shareholders, many of which live...
As Alaska's mining industry nears the end of another hectic year during which metals prices and investor sentiments rose and fell as precipitously as the world's major stock exchanges, the industry is naturally looking into its crystal ball trying to anticipate what the new year will bring. EY Global Mining and Metals does this sort of forecasting by putting out an annual "risk radar" for mining and metals. The idea is to find out what the industry perceives as the top ten...
Constantine Metal Resources Ltd. Oct. 30 said drilling at AG Zone continues to trace a thick lens of precious and base metals-rich massive barite-sulfide with potential to add substantial tonnage to the total mineral resource base for the Palmer project in Southeast Alaska. Expansion of the AG Zone, discovered 3,000 meters southwest of the main Palmer (South Wall-RW) deposit in 2017, was a primary goal of the 10,364-meter drill program carried out at Palmer this summer. Highli...
Constantine Metal Resources Ltd. has substantially increased the resources at Palmer, including the first indicated resource and inaugural estimate of the barite that makes up a large percentage of this zinc- and copper-rich volcanogenic massive sulfide deposit in Southeast Alaska. According to the new calculation released on Sept. 27, the South Wall-RW deposit at Palmer now hosts 4.68 million metric tons of indicated resource averaging 5.23 percent (539 million pounds) zinc,...
Following a couple of quiet months where Alaska's mining industry focused on its work, the last month has seen an explosion of new info come out regarding that effort, some of it profound in its potential immediate, near-term and long-term implications. For example, one of Alaska's largest mines was sold to a new owner at a surprisingly low cost per ounce. The results of a robust new preliminary economic analysis were tabled by an advanced gold-silver exploration project...
Underscoring the interconnected nature of the global mining market, not 48 hours after the John S. McCain National Defense Authorization Act was signed into law, the mining industry began wondering out loud how they were going to produce rare earth element, tungsten, tantalum and molybdenum in the near future. Why these metals and why the worry now? Because one of the many impacts the Defense Authorization Act will have on the U.S. economy is its ban on the U.S. Department of...
While not the flashiest of the 35 minerals on the United States Geological Survey's critical list, barite plays an essential role in America's energy sector. Barite got its name from the Ancient Greek word for heavy, barús, and it is the high specific gravity that earned this mineral its name that makes it a critical mineral. Added to drill mud, a solution that serves multiple purposes in bore drilling, barite's weight helps maintain the integrity of the drill hole and...
Constantine Metal Resources Ltd. Aug. 21 reported results from four holes from this year's 10,000-meter drill program that continue to expand the South Wall and AG zones at the Palmer project in Southeast Alaska. South Wall-RW, the primary volcanogenic massive sulfide deposit outlined so far at Palmer, contains 8.1 million metric tons of inferred resources averaging 5.25 percent (940.4 million pounds) zinc, 1.41 percent (252.6 million lb) copper, 0.32 g/t (83,600 ounces) gold...
Constantine Metal Resources Ltd. Aug. 13 reported that results from metallurgical testing demonstrate a premium-quality barite concentrate can be produced as a co-product to the copper, zinc, gold and silver found in the volcanogenic massive sulfide deposit at the Palmer project in Southeast Alaska. According to a resource calculated in 2015, the South Wall-RW deposit at Palmer hosts 8.1 million metric tons of inferred resource averaging 5.25 percent (940.4 million pounds)...
Although the Alaska mineral industry is in better health in the middle of 2018 than it has been in the last five years, the spirited recovery that was in progress in the first quarter of the year is now looking more like a dead-cat bounce – a minor recovery after a long down trend. This is particularly true of the exploration sector. Reviewing the Alaska minerals industry, you will note that several exploration projects are only now commencing their 2018 exploration p...
Constantine Metal Resources Ltd. said the first two holes of a 10,000-meter drill program at its Palmer joint venture project encountered wide intervals of silver-gold-zinc-lead-barite volcanogenic massive sulfide mineralization 150 meters southeast of the AG Zone, increasing the strike length of this 2017 discovery to 350 meters. Being carried out by a joint venture between Constantine Metal Resources (51 percent) and Dowa Metals & Mining Co. Ltd. (49 percent), this year's...
The summer field season is in full bloom across Alaska with programs stretching from the Brooks Range to southeastern Alaska, and from the Yukon border to southwestern Alaska. Exploration targets range from grassroots to mine-site, focused on commodities including gold, silver, lead, zinc, copper, cobalt and graphite. For Alaska's exploration industry, planned, announced and estimated expenditures are well over the $100 million mark for 2018. This expenditure level is well...
Constantine Metal Resources Ltd. is working on a deal to lease Johnson Tract, a gold-rich polymetallic deposit in Southcentral Alaska, from Cook Inlet Region Inc., an Alaska Native regional corporation more commonly known as CIRI. Located about six miles west of Cook Inlet and roughly 125 miles southwest of Anchorage, the 20,942-acre Johnson Tract property hosts a gold and base metals deposit that is reminiscent of the historical Eskay Creek Mine in neighboring British...
Constantine Metal Resources Ltd. June 6 reported the start of a 10,000-meter drill program to expand the resource and test new targets at the Palmer volcanogenic massive sulfide project in Southeast Alaska. Being carried out by a joint venture between Constantine (51 percent) and Dowa Metals & Mining Co. Ltd. (49 percent), this year's drilling will target the definition and expansion of the copper-zinc-silver-gold resource at the South Wall-RW deposit; expansion of the AG...
Cobalt is an essential ingredient to optimizing the performance of batteries in the growing number of electric vehicles on global highways, yet essentially none of this battery metal is mined in the United States. With at least one advanced stage exploration project in Alaska looking into the potential of producing cobalt alongside its copper, America's 49th State could provide a domestic source for this critical metal. In its annual report, Mineral Commodity Summaries 2018,...
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...
While not the flashiest of the 35 minerals on the United States Geological Survey's critical list, barite plays an essential role in America's energy sector. Barite derives its name 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 percent of the barite sold in the United...
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...
Since investing roughly US$70 million to acquire a 28 percent stake in Novagold Resources Inc. in 2009, American billionaire Thomas Kaplan and his Electrum Group of companies have taken a keen interest in some of the more intriguing mineral exploration companies and projects in Alaska and across Canada's North. Kaplan, an Oxford-educated historian that began investing in natural resources in the 1980s, knows that gold has served as a currency throughout mankind's written histo...
Thanks largely to increased investments from Aussie mining explorers, mineral exploration spending across Alaska topped US$100 million in 2018. This is well above the roughly US$95 million invested last year and nearly double the US$58 million spent at the bottom of the market in 2015. "Canadian and Australian companies continue to be the source for the bulk of funds spent in Alaska in 2018, together comprising well over 80 percent of the exploration expenditures earmarked...
Constantine Metal Resources Ltd. continues to advance its flagship property, the Palmer copper-zinc-silver-gold-barite project near the port-town of Haines in Southeast Alaska, as it looks to create a new vehicle to carry its gold properties in Alaska, Yukon Territory and Ontario. The roughly US$9 million exploration program at Palmer is being funded by a joint venture between Constantine Metal Resources (51 percent) and Dowa Metals & Mining Co. Ltd. (49 percent). A new resour...
