The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Whether it is multimillion-ounce gold discoveries, copper deposits that measure in the billions of pounds or massive ore-bodies of 20 percent zinc, Alaska is renowned for its mammoth deposits. The prospect of finding another Donlin, Pebble or Red Dog continues to draw explorers to this vast and underexplored corner of the United States. In the Survey of Mining Companies: 2010/2011, conducted by the Fraser Institute, top executives from 494 mining and mineral exploration...
With a 20-million-ounce gold discovery embellishing their résumés, International Tower Hill Mines Ltd. co-founders Jeff Pontius and Russell Myers have taken the helm of Corvus Gold Inc., a junior formed in 2010 to explore Tower Hill's non-Livengood assets. During the initial year after the spin-out, Pontius continued to guide Tower Hill and its Livengood project into the transition from advanced exploration to early development and Myers turned his attention to getting C...
AXI: TSX-Venture President and CEO: John Gingerich, P. Geo VP Engineering and Technology: Florin Gheorghiu, Ph.D. Vice President, Exploration: Steve Roebuck Advanced Explorations Inc. is aggressively exploring its Roche Bay and Tuktu iron ore projects in Nunavut, along with promising West Melville Peninsula nickel and copper showings and an iron sands project on the northwest coast of the Alaska Peninsula about 700 kilometers (434 miles) southwest of Anchorage, Alaska. Advanced Explorations plans to produce iron products...
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... Full story
Millrock Resources Inc. is artfully implementing the science of making grassroots gold and copper discoveries, proving the promise of these new finds and vending the prospects to other companies to do the heavy lifting of defining a deposit. This business model is paying off for the project generator. Some US$11 million is being spent on exploring its Alaska copper and gold prospects in 2011, with nearly US$10 million funded by its project partners. Senior miners Teck...
While NovaGold Resources Inc.'s ultimate goal is to become a 1-million-ounce-per-year gold producer, the Vancouver B.C.-based junior is taking a fresh look at the enormous reserves of copper waiting to be mined at its Galore Creek project in British Columbia and its Ambler project in Northwest Alaska. "Management believes the recently completed economic analyses of Galore Creek and Ambler clearly demonstrate that NovaGold's copper assets are considerably undervalued having reg...
From deploying its own geologists to make grassroots discoveries to partnering with junior explorers with strong geological know-how and enticing projects, Teck Resources Ltd. is seeking new high-quality deposits of zinc, copper and gold across Alaska and Canada's North. "In terms of our overall exploration strategy, it has three parts to it: One is doing our own grassroots, regional exploration; the second arena we get involved with is joint ventures with junior companies; an... Full story
CS: TSX President and CEO: Darren Pylot Senior Vice President and COO: Gregg B. Bush, B.Sc. (Metallurgical Eng.) Vice President, Exploration: Brad Mercer, P. Geo. Capstone Mining Corp. is primarily focused on operating, expanding and exploring its assets, including mines or mine projects in Yukon Territory, British Columbia, Mexico and Chile. The Minto copper-gold-silver mine in central Yukon Territory and the high-grade Kutcho copper-zinc-gold-silver deposit in northwestern British Columbia are Capstone's only properties...
Yukon Territory continues to be in the limelight with the previous years' gold exploration successes leading to definition of gold deposits in 2011. Gold is the leading commodity in terms of exploration, but silver, base metals and tungsten are the leading commodities in terms of mine development. A number of regions are continuing to attract high-profile attention with two of Yukon's operating mines expanding their reserves and new discoveries continuing throughout the territory. The year has been very exciting so far. A...
Throughout the 2011 field season, explorers pushed the envelope in Yukon Territory, scrambling to target and assess rapidly increasing numbers of deposits of gold, silver and base metals mineralization being identified as the exploration rush that overtook the region in 2009 stretched into its third consecutive year. With gold prices climbing to new highs and a stable investment climate, the lure of the Yukon attracted miners and investors in numbers not seen in a century. "Both Yukon and Nunavut are entering a period of sust...
Frontrunners in the Yukon mineral exploration rush in 2011 spent more than C$12 million each, with at least one company pouring C$25 million into its program. These companies include Atac Resources Ltd., Kaminak Gold Corp., Capstone Mining Corp., Alexco Resource Corp., Golden Predator Corp., Ryan Gold Corp. and Silver Range Resources Ltd. At least another 14 companies shelled out more than C$5 million each to search for precious and base metals, using virtually every modern exploration technique from sampling to drilling.... Full story
CEM: TSX-V President and CEO: Garfield MacVeigh Chairman: Wayne Livingstone Vice President, Exploration: Darwin Green While Constantine Metal Resources Ltd. considers Palmer - a volcanogenic massive sulfide project near Haines in Southeast Alaska - its principal asset, the explorer's 2011 focus is on its gold assets in the Yukon Territory and Ontario. Quick to recognize the significance of Atac Resources Ltd.'s discovery of Carlin-style gold mineralization in the Yukon, Constantine formed a joint venture with Carlin Gold... Full story
III: TSX Chairman: Pierre Lebel President and COO: J. Brian Kynoch, P.Eng. Vice President, Exploration: Patrick M. McAndless, P.Geo. Imperial Metals Corp., organized in 2001, is a Vancouver-based miner focused on discovering, developing and operating base and precious metal assets in western North America. Key properties include the Mount Polley open-pit copper/gold mine located 56 kilometers northeast of Williams Lake, in central British Columbia, a 50 percent interest in the Huckleberry open-pit copper/molybdenum mine in... Full story
KGC: NYSE/K: TSX Chairman: John Oliver President and CEO: Tye Burt Director of North America Exploration: Al Kirkham From the humble beginnings of a greenfield copper-gold project in Southwest Alaska to adding years of gold production to its Fort Knox Mine in the heart of the Tintina Gold Belt, Kinross Gold Corp. is spending some US$17 million in search of valuable minerals in the Yukon Territory and the neighboring Far North state. About US$8 million of Kinross' 2011 exploration budget was earmarked for seeking new sources...
SEA: TSX and SA: NYSE Amex President and CEO: Rudi P. Fronk Chairman: James S. Anthony Senior Vice President, Exploration: William E. Threlkeld Seabridge Gold Inc. is a development stage company engaged in the acquisition and exploration of gold properties located in Canada. The company is designed to provide its shareholders with exceptional leverage to a rising gold price by increasing its gold ounces in the ground but not to go into production on its own. During the period 1999 through 2002, when the price of gold was... Full story
SQI: TSX-V President and CEO: Randy Turner, P.Geo CFO: Christopher Mitchell, P.Eng. Vice President, Exploration: David Pawliuk, P.Geo Silver Quest Resources Ltd. is focused on exploring for silver and gold on its numerous property holdings, ranging from early stage grassroots to advanced stage resource delineation and expansion projects scattered across central British Columbia and Yukon Territory. In late March, Silver Quest and Richfield Ventures Corp. executed a joint venture agreement in which the junior has a 25 percent...
SNG: TSX-V President and CEO: W. Douglas Eaton, B.A., B.Sc. Chairman: Bruce A. Youngman, B.Sc. Chief Financial Officer: Larry Donaldson, C.A. The spin-out of Silver Range Resources Ltd., which was completed in August, was designed to increase value for shareholders of Strategic Metals Ltd., the junior exploration company that formerly held Silver Range as a wholly owned subsidiary. By creating a new precious metal-focused company, Strategic hoped to advance bulk tonnage targets at the silver-enriched Silver Range Project and... Full story
SK: TSX-V Executive Co-chairman: Robert V. Matthews, C.A. Executive Co-chairman and CEO: Clifford A. Grandison Chief Operating Officer: James (Jim) Sparling, P.Geo, MBA Skyline is a junior mineral exploration company currently focused on its principal asset, the Iskut Property in the heart of the Golden Triangle of northwestern British Columbia. The Iskut Property is adjacent to the historic Snip Gold Mine initially operated by Cominco Ltd., then Homestake Canada Mining Co. During its operation, from 1991 to 1999, the Snip... Full story
As termination dust settles over Alaska, the diversity of mineral exploration, development and production news this month covers the entire spectrum of mining industry activities. The last of the seasonal early-stage exploration projects are reporting in, a major producing company has entered the state for the first time, Alaska finished its first off-shore mineral lease process in more than a decade, several projects reported on resource definition and feasibility studies, a gold deposit was sold, a ballot initiative aimed... Full story
NovaGold Resources Inc. and NANA Regional Corp. have forged a landmark partnership to explore and develop the Ambler Mining District - a region of Northwest Alaska renown for a 110-kilometer- (70 miles) long belt of world-class volcanogenic massive sulfide deposits rich in copper, zinc, lead, gold and silver that sweep across its breadth. The progressive agreement, penned by NovaGold President and CEO Rick Van Nieuwenhuyse and NANA President and CEO Marie Greene Oct. 19,...
Pretivm Resources Inc. reported considerable exploration progress this field season at its high-grade gold Brucejack Project in northern British Columbia. The explorer Oct. 17 said it concluded exploration drilling at Brucejack for the season, with 176 holes completed totaling 72,144 meters. Pretivm also reported in September that ongoing drilling at Brucejack continued to demonstrate continuity of high-grade gold mineralization on the property, and visible gold continues to be encountered. Among drilling highlights: Hole...
Preliminary estimates released by NovaGold Resources Inc. in early September plants an anticipated US$7 billion price tag on building the facilities needed to mine the 38-million-ounce Donlin Creek gold deposit. That is about US$2.5 billion more than was calculated for a feasibility study completed in 2009. Though the preliminary capital costs seem staggering, both NovaGold and its equal partner in Donlin Gold, Barrick Gold Corp., seem confident the feasibility study...
A recent article in the Newsletter of the Society of Economic Geologists discussed ways of addressing an arresting trend in the mining industry that affects Alaska's mining future. Authors N. Stephen Enders of the Colorado School of Mines and Cliff Saunders of Too Serious Unlimited, showed that the discovery rate for gold has been dropping steadily since 1999, while the gold mined by operating mines worldwide has remained essentially unchanged at about 80 million ounces per year. The low for ounces discovered coincided with...
The quest for uranium that led to the creation of Uranium North Resources Corp. to explore Nunavut five years ago continues today, despite plummeting demand for the mineral after the partial meltdown of Japan's Fukushima Dai-Ichi power plant in March. But the nimble junior, having noted soaring demand for gold in recent years, had already seized the initiative to also hunt for the precious metal on many of the very same Nunavut properties where it sought uranium. As a result, Uranium North is one of a few exploration-stage co...
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... Full story
