The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1251 - 1275 of 1467
GPD: TSX-V Chairman and CEO: William M. Sheriff (mug) President: Robert Eadie President of True North Mining Corp.: Art Ettlinger Golden Predator Royalty & Development Corp., spun-out with the precious metal assets of Golden Predator Mines Inc. in January, hit the ground running with a revenue-generating gold royalty portfolio anticipating 2009 revenues of about C$1.2 million. The new Vancouver, B.C.-based junior also boasts a large asset base in Nevada and Yukon Territory with over 38 precious metals projects. The company...
III: TSX Chairman: Pierre Lebel President and COO: J. Brian Kynoch Vice President, Exploration: Patrick M. McAndless 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 in central British Columbia, 50 percent interest in the Huckleberry open-pit copper-molybdenum mine in northern British Columbia, the development-stage Red Chris copper-gold...
Hampered by a recession-driven drought in capital markets, mineral explorers in the Northwest Territories met the challenges of 2009 with a variety of survival strategies. With significant diamond, precious and base metal projects and prospects at stake, some companies entered a holding pattern in hopes of waiting out the economic storm, while other forged ahead, adjusting to the new cash-strapped environment as the year progressed. Thanks to record commodity prices, the economy of the Northwest Territories has outpaced the...
As the active exploration season winds down in Alaska, both good news and bad is afoot and both sets of news turn out to be the same data. Double speak you say? Read on and judge for yourself. Halifax-based Metals Economics Group announced some preliminary numbers relating to worldwide mineral industry exploration for 2009. The group estimates that worldwide exploration spending will drop to US$8.4 billion in 2009, a 40 percent decrease from the US$14 billion spent in 2008.... Full story
Decade Resources Inc.'s decision to option up to 80 percent of the Red Cliff property in the Stewart Mining Region last November is shaping up to be one of the best exploration plays in 2009 in northwestern British Columbia. The Vancouver, B.C.-based miner reported discovering a 28.4-meter interval of gold mineralization grading 7.3 grams per metric ton gold in September and followed up with more favorable drill results in October. The news has sparked a mini-staking rush with at least a half-dozen juniors scrambling in...
Thanks to one junior's report of encountering substantial gold mineralization this season near the old Red Cliff Mine in Northwest British Columbia's Stewart Mining District, a gaggle of excited juniors are grabbing up mineral claims and leases in the area. The small but growing stampede to Stewart surfaced in September after Decade Resources Inc. released assay results from the first few holes drilled in its 2009 exploration program. Vancouver, B.C.-based Decade reported intersecting 28.4 meters grading 7.3 grams per metric... Full story
For the past two years, mines in Alaska and Northwest Canada have encountered problems with unusually large volumes of stormwater runoff or snowmelt during spring breakup, but it's too soon to determine if it is a trend. This year, the Minto Mine just east of the Yukon River in west-central Yukon Territory, ran into troubles when excess water, over and above what could be contained in the mine's water storage pond, had to be diverted into its open pit during breakup in order to prevent a non-compliant discharge. Capstone... Full story
Although Alaska's summer field season is quickly coming to an end, the mineral industry continues to gain momentum thanks to rapidly increasing metals prices, fueled in part by growing industrial demand and an astonishing increase in investment demand for metals like gold and silver. Goldfields Mineral Service reported that for the period 1993 to 2000, world gold investment averaged about 383 metric tons of metal per year, while annual gold investment for the period 2001 throu...
Built on a project generator model, Millrock Resources Inc. has teamed up with Kinross Gold Corp., Altius Resources Inc. and Vale Exploration Canada to seek out and explore new large gold and copper projects in Alaska and Arizona during a tough financial market. "Millrock continues to march steadily forward, meeting corporate milestones in a timely manner despite challenging market conditions," Millrock President and CEO Gregory Beischer said. "The company has acquired an... Full story
NIXON FORK - After purchasing the Nixon Fork Mine for C$3 million, Fire River Gold Corp., the newest member of the International Metals Group, is on track to start producing gold at the high-grade gold mine in western Interior Alaska as early as 2010. Fire River Gold acquired the turnkey gold project from Pacific North West Capital Corp., another International Metals Group company, by paying US$500,000 in cash and issuing 6.415 million, or about 43 percent, of Fire River...
The Canadian government has approved C$130 million in funding for construction of the Northwest Transmission Line in northern British Columbia, a power conduit that could eventually connect with Alaska. The 335-kilometer transmission line will carry hydroelectricity to communities in the northwest region of the province, and provide a clean and reliable source of power, while enabling development of an estimated 2,000 megawatts of renewable electricity generation from small hydro, geothermal and wind sources. "Our government...
Full Metal Minerals Ltd. and Kinross Gold Corp. struck a deal with Calista Corp., an Alaska Native regional corporation, to acquire 100 percent of mineral rights to the Russian and Horn Mountain complexes in the Kuskokwim region of Southwest Alaska. The Russian and Horn Mountain gold-silver targets are located about 25 miles, or 40 kilometers, southwest of the 29-million-ounce Donlin Creek gold deposit being developed by joint venture partners Barrick Gold Corp. and NovaGold...
They say when it rains, it pours, and that is just what is happening with news from field programs all over Alaska. Results from summer 2009 programs are pouring in from the Brooks Range to Prince of Wales Island, from Eastern Interior Alaska to Southwestern Alaska. Commodities of interest range from the expected gold, silver, copper, lead and zinc to the nearly unpronounceable, including praseodymium, dysprosium, terbium, thulium, lutetium and yttrium. Go ahead, drop a...
No, no .stop, stop, stop" muttered Ken Yockey from the front seat of the land cruiser as we zoomed past a lumbering fully loaded end dump truck on the inside shoulder of the narrow road; while trying to keep up with our companion land cruiser,which was zooming past the same truck on the outside! Visions of Mad Max and the Blues Brothers flashed through my mind. Charles Howard, wedged inside the front seat of that land cruiser, was thinking he had finally found drivers like those in Johannesburg, South Africa, while Sabre... Full story
Alaska's resource development community is responding en masse to a civil suit filed by environmental law firm Trustees for Alaska that contends permits issued by the Alaska Department of Natural Resources for exploration of the Pebble deposit in Southwest Alaska violate the Alaska Constitution. The lawsuit - filed July 29 in Alaska Superior Court in Anchorage on behalf of Nunamta Aulukestai, Jack Hobson, and former Alaska First Lady Bella Hammond, among others - claims the... Full story
The recession is taking its toll among mining companies with properties in Alaska and northwestern Canada as mergers and acquisitions surged in this sector during the second quarter, in step with a global industry trend. Companies across the exploration and development spectrum from mining giants to the smallest juniors closed on deals with firms that are struggling to survive the recent cash crunch as independent entities. The Wall Street Journal reported in early August that according to data provider Dealogic, value of... Full story
The Canadian government recently approved a massive expansion of the Nahanni National Park Reserve of Canada, a move being hailed as a win for both conservation and economic development. "Nahanni is one of the Crown jewels of our incredible system of national parks and it is with pride that I take part in the greatest conservation achievement in a generation," said the Honorable Jim Prentice, Canada's Environment Minister and minister responsible for Parks Canada. "Enshrining this magnificent area in legislation, under the... Full story
I have been reading the tea leaves and think there is an extremely important sequence of events unfolding that represents a golden opportunity for Alaska. Please bear with me as I try to wade through the logic of this and you can tell me what you think. About two months ago, Brent Cook, a well-known mining analyst and owner of Exploration Insights, published a rather illuminating article entitled "Where Have All the Gold Mines Gone?" The upshot of his article was that most...
A gold mining group looking north from Nevada where it has been focused in recent years is seeing what many other explorers have noticed before them - the Tintina Gold Belt that stretches across Interior Alaska and Yukon Territory offers the handsome prospect of a major gold discovery. But the difference for Golden Predator Royalty & Development Corp. is that it is prepared to back up its conclusions with the hard work and financial capital necessary to not only find the gold but bring it into production in short order.... Full story
Fire River Gold, a junior exploration company focused on gold exploration in Alaska and Canada, has issued 2 million common shares at a per-share price of C30 cents in an initial public offering. The IPO, which closed May 22, netted nearly C$500,000. Fire River Gold is one of two known Canadian junior miners to successfully close an IPO in 2009, according to company officials. Fire River is scheduled to begin trading on the Canadian National Stock Exchange under the symbol,...
Sabina Silver Corp. is striving to grow into its role as developer of the giant Hackett River silver-zinc property in Nunavut, which it calls "Canada's last mining frontier." New management took charge of the Vancouver, BC company in 2008 and set about crafting a new strategy to bring the property, one of the three largest silver deposits of its type in the world, into commercial production. Fueled with a fresh perspective developed in a rigorous review last fall, Sabina told investors this spring that the Hackett River...
Since Mantra Mining Inc. emerged in September as the vehicle in which NovaGold Resources Inc. would spinoff its non-core assets, the Vancouver B.C.-based junior has positioned itself to become a major player on the Alaska mining scene. Over the past eight months, Mantra has acquired whole or part interest in more than 417,000 acres of mining properties in western Alaska, assembled an impressive management team and board of directors (including two Thayer Lindsley award winners...
If it were entirely up to Copper Ridge Explorations Inc., the project generator would explore most of its mineral properties in Yukon Territory, northern British Columbia and Alaska this summer. But tough economic times have forced the Vancouver, B.C.-based junior to pick and choose among its 12 key projects, betting precious dollars on a handful of ideas that could pay off with additional exploration by catching the eye of future partners or investors. Fortunately, some of Copper Ridge's projects have already hit that magic...
Copper Ridge Exploration Inc. got its start 10 years ago when Gerald Carlson and Mark Fields organized the company. Prior to forming Copper Ridge in 1999, Carlson was president and CEO of La Teko Resources Ltd., which held gold claims near the Fort Knox Mine in Interior Alaska. Fields also worked for La Teko until Fort Knox owner Kinross Gold Corp. acquired that junior. The geologist also was involved in the acquisition and development of the Diavik diamond mine for Rio Tinto Ltd., and has since moved on to other ventures....
Last month we talked about economic impacts of the Alaska mining industry. This month, the world mineral exploration industry is in our crosshairs. Halifax-based Metals Economics Group reported that 2008 worldwide nonferrous mineral exploration reached $13.2 billion, more than 2.5 times the previous peak exploration spending level reached in 1997. Add uranium exploration expenditures, and the total expands to $14.4 billion. Exploration spending would have been even higher...
