The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Alaska mining and Washington policy leaders gather to discuss forging a path forward to critical minerals in US's Arctic state. Building upon the discussions and strategic ideas set in motion during the 2022 "Alaska's Minerals: A Strategic National Imperative" summit, the U.S. Department of Energy's Arctic Energy Office co-hosted a two-day summit this week to advance policy recommendations for development of critical mineral resources in the North American Arctic. For the Unit...
Explores Ellis Zone expansion; begins groundwork for an underground exploration ramp at JT gold deposit. HighGold Mining Inc. June 29 announced the launch of a roughly 8,000-meter drill program that is part of a larger multi-year initiative to evaluate the potential for a smaller-footprint, high-grade underground gold mine on its Johnson Tract property in Alaska. "Our plans include significant exploration drilling to grow the property-wide mineral resource base and to...
Fireweed Metals Corp. July 5 announced that in conjunction with the largest-ever planned drill program at Macmillan Pass, the company will conduct reconnaissance prospecting, mapping, and sampling across a series of gold anomalies on this Yukon property best known for its zinc-lead deposits. A road-accessible project adjacent to Yukon's border with Northwest Territories, the 940-square-kilometer (363 square miles) Macmillan Pass project blankets a roughly 55-kilometer (34...
Australia-based Mine Discovery Fund launches Wiseman Metals to explore Doyon-owned copper & critical minerals properties; more deals to come. Since emerging on the Alaska mineral exploration scene in 2021, Felix Gold Ltd. has amassed more than 150 square miles of gold-enriched properties in the Fairbanks Mining District and is working toward establishing an inaugural resource at one of the most prospective gold targets discovered so far on this enormous land package. As Felix...
Cascadia Minerals Ltd. July 19 announced the results from prospecting and various surveys from the first phase of its 2023 Phase 1 exploration program at the Catch property in Yukon, Canada, signaling a promising start for the newly reforged company. Formerly ATAC Resources, reformed as Cascadia Minerals after selling off its Rackla and Connaught properties to Hecla Mining Company, the previous gold, now multi-metals explorer held onto several of its past properties, which...
Felix Gold Ltd. July 3 reported that initial assay results from the 2023 program at Treasure Creek show that the drilling is beginning to define a trend of strong near-surface gold mineralization at NW Array, the initial exploration target on this property about 20 miles north of Fairbanks, Alaska. In May, Felix launched a drill program that was slated to involve 3,500 meters of drilling in 30 to 40 reverse circulation holes focused on establishing a near-surface resource at...
Despite the growing calls by Alaska Native tribal and municipal leaders for an expedited review of the Ambler Access Project, the U.S. Bureau of Land Management announced that it will take six extra months for it to complete a supplemental environmental impact statement for the proposed 211-mile road to the Ambler Mining District in Northwest Alaska. "This unnecessary delay threatens a project that will provide much-needed jobs and economic growth for Alaskans, while also stre...
As it enters into an accelerated period of growth, Blackwolf Copper and Gold Ltd. has made an offer to buy out Northern British Columbia-focused gold and silver exploration company Optimum Ventures Ltd. and is shifting around some management positions to better facilitate the surplus of properties it has accumulated in recent years. Initially exploring its flagship historic Niblack copper-gold-silver-zinc project located on the southern end of Prince of Wales Island in...
Alaska's unparalleled potential to be a major domestic supplier of the minerals and metals critical to the clean energy transition attracted some of North America's top commodities investors and analysts to Anchorage for the second annual Alaska Sustainable Energy conference. The 49th State's rich mineral resources, however, may remain on lockdown due to a "permitting pandemic" that plagues not only Alaska but the entire United States. "Our country is suffering from a...
Fireweed announces MRE for tungsten that could supply North America for decades. Acquiring the Mactung tungsten project from the Northwest Territories government for C$15 million last year, Fireweed quickly consolidated previous data and new assessments to release a mineral resource estimate that ranks this property as the largest high-grade tungsten resource in the world. "In one year, we have gone from signing an initial letter of intent to a definitive asset purchase...
U.S. GoldMining Inc. May 30 announced that it has mobilized crews for an up to 10,000-meter phase-one drill program at the Whistler gold-copper project about 100 miles northwest of Anchorage, Alaska. According to a 2021 calculation, the 53,700-acre Whistler property hosts 118.2 million metric tons of indicated resource averaging 0.51 grams per metric ton (1.94 million ounces) gold, 2.19 g/t (8.3 million oz) silver, and 0.16% (422 million pounds) copper; plus 317 million...
PolarX Ltd. June 13 announced a massive increase in the quantities of copper and silver contained within the Caribou Dome deposit on its Alaska Range project. According to the updated resource estimate, Caribou Dome now hosts 7.2 million metric tons of measured, indicated, and inferred resources averaging 3.1% (224,375 metric tons) copper and 6.5 grams per metric ton (1.5 million oz) silver. This is 2.6 times the contained copper than in a 2017 resource estimate and is the fir...
Fireweed Metals Corp. June 6 announced the start of a planned 16,000-meter drill program at Macmillan Pass in Yukon, Canada, which will be its largest-ever drill program with the goal of expanding the zinc-rich zones at its flagship property. "We are off to a great start and look forward to a game-changing season ahead," said Fireweed Metals CEO Brandon Macdonald. "We are on track to complete the largest ever drill program Fireweed has carried out at Macmillan Pass."...
Merged company will hold several world-class gold, copper assets in Northern BC's Golden Triangle. In a deal that will bring together several world-class copper and gold projects in British Columbia's Golden Triangle, Newmont Corp. and Newcrest Mining Ltd. have agreed upon a merger worth A$28.8 billion (US$19.3 billion) to Newcrest shareholders. "The combination of Newmont and Newcrest represents an exceptional value proposition for shareholders and other stakeholders," said N...
Nova Minerals Ltd. May 16 announced that crews and equipment have been mobilized to Estelle for a planned 15,000-meter drill program that will primarily target the higher-grade gold identified in the RPM and Train areas of the property. In April, the company reported that Estelle hosts 1.1 billion metric tons of global resource averaging 0.3 grams per metric ton (9.9 million ounces) gold. According to the new calculation, the Korbel Main deposit at the north end of the...
Contango ORE Inc. May 30 announced that the Alaska-based mineral exploration and mine development company is set to join the broad-market Russell 3000 and Russell Microcap. Founded in 2010 to explore the mineral potential discovered on the Tetlin property by Chairman Brad Juneau while exploring for natural gas in eastern Alaska, Contango ORE is a homegrown mining company that is slated to be a gold producer in 2024 with the completion of the Manh Choh mine that stemmed from Ju...
Mining execs rank Alaska, Yukon, BC, NWT and Nunavut high on mineral potential; policy issues weigh on Fraser mining survey scores. With the exception of British Columbia, all the mining jurisdictions in the North of 60 Mining News area lost favor in the latest edition of the Fraser Institute's Annual Survey of Mining Companies. Each year, Canada-based Fraser Institute calls on mining executives from around the world to rank global mining jurisdictions when it comes to...
Alaska Energy Metals Corp. May 2 announced the appointment of former Alaska Department of Natural Resources Commissioner Corri Feige to its board of directors. “We are really pleased to have Corri join our company! She has great energy, vision, and leadership skills, but, most importantly, she has boundless enthusiasm for resource-centered economic development in Alaska. Her enthusiasm is infectious!” said Alaska Energy Metal’s President and CEO Gregory Beischer. Forme...
Brixton Metals Corp. May 17 announced the start of an up to 20,000-meter drill program on the company's Thorn copper-gold project in the northern reaches of British Columbia's Golden Triangle. The 2,863-square-kilometer (1,105 square miles) Thorn project, which hosts both porphyry copper-gold-silver-molybdenum targets and high-grade epithermal gold targets, has attracted the interest of one of the world's largest mining companies. Late last year, BHP Group Ltd. invested...
A growing and increasingly vocal group of Alaska Native leaders are joining the 49th State's delegation in Washington DC on pressing the Biden administration to carry out a timely review of the proposed 211-mile road to the Ambler Mining District in Northwest Alaska. "We are asking lawmakers in Washington to listen to the voices of the people who have lived on these lands and stewarded Alaska since time immemorial," said Naasri Fred Sun, president of the Shungnak Tribe in the...
The North of 60 Mining area hosts billions of pounds of copper ready to be delivered to a world craving this metal in sky-high demand for wiring the electric vehicles and renewable energy infrastructure that would enable the envisioned low-carbon future. Whether enough of these copper-rich projects are developed in time to circumvent a short circuit of the clean energy transition remains to be seen. Global Market analysts such as S&P Global have predicted that copper...
Northern Dynasty Minerals Ltd. May 1 said the U.S. Army Corps of Engineer's decision to reevaluate its decision not to approve permits to develop a mine at Pebble is a strong win for the world-class copper project in Southwest Alaska "We have been saying that the record of decision (ROD) process was not fairly conducted since 2020 and are pleased to see that the review officer has raised similar concerns on many substantive issues," said Northern Dynasty President and CEO Ron...
U.S. GoldMining Inc. April 24 announced that it has closed a US$20 million initial public offering that provides the newly minted company with funds for the exploration and development of the Whistler copper-gold-silver project in Alaska. "The launch of U.S. GoldMining supports our confidence in the potential for the Whistler Project and stands testament to the caliber of our team," U.S. GoldMining CEO Tim Smith said upon the completion of the IPO. "U.S. GoldMining is now...
Cantex Mine Development Corp. April 13 announced an update for its North Rackla claim block in Canada's Yukon, reporting results from the latest 21 holes from the company's 2022 drill program. North Rackla was generated from a 30,000-square-kilometer (11,583 square miles) regional heavy mineral sampling program and was discovered in an area favorable for Carlin-style mineralization similar to ATAC Resources Ltd.'s Osiris deposit in 2010. During 2022, Cantex tested three...
Core Assets Corp. April 18 reported that its 2022 sampling has extended mineralization at the Falcon target, a vein-hosted gold-silver occurrence associated with the Silver Lime project on the company's Blue property in Northern British Columbia. "In addition to the high-grade carbonate replacement occurrences discovered and sampled at the Silver Lime CRD-Porphyry Project, many historical and new high-grade vein-hosted occurrences were located and extended in 2022," said Core...
