The mining newspaper for Alaska and Canada's North
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Contango Oil & Gas Co., an exploration and production company focused primarily on petroleum resources in the shallow waters of the Gulf of Mexico, has turned one eye toward Alaska. Acquiring a large land package that is prospective for gold in the eastern Interior as well as six rare earth element prospects across the state, the Houston-based independent has spun out Contango ORE Inc., or Core, to explore its northern mineral assets. "Core has leased or filed mining claims...
As termination dust falls across most of Alaska, the curtain has come down for the bulk of the exploration projects around the state; however, mine development programs as well as mine-site exploration continue apace as does some exploration work in tropical Southeast Alaska. With few exceptions, preliminary conclusions drawn from 2010 work indicate that 2011 is going to be a busy year. And though a lot of exploration and development is still going on for gold, copper...
I recently attended the Prospectors and Developers Association of Canada convention in Toronto where a buoyant, project-hungry crowd of 22,000 created enough of its own hot air to start the Greenland Icecap melting. In a clear case of anthropogenic global warming, representatives of companies, governments and agencies rolled out their projects in efforts to see and be seen. Alaska was well represented at the conference and should see some new investment interest coming from...