The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Splits copper and zinc mines and exploration projects by North and Latin American regions; reorganizes executive team. Teck Resources Ltd. Sept. 1 restructured its business and executive management team to support its shift to a pure-play energy transition metals company focused on growth. This transition began with closing the sale of its steelmaking coal business to Glencore for $7.3 billion cash in July. With this sale, Teck's portfolio consists primarily of copper and...
Federal, private, academic, and public sectors collaborate to find critical minerals through unexpected methods. In the quest for a sustainable and secure supply of critical minerals, North America is turning to unconventional sources that promise to redefine the landscape of resource extraction. As the drive toward a green economy intensifies, innovative methods are emerging to harvest essential minerals through atypical means. These efforts, bolstered by significant...
Cuts 15.5 meters of 7.4% copper during depth extension drilling at Caribou Dome. PolarX Ltd. Sept. 3 announced that this year's drill program has cut exceptionally high-grade copper in deep zones at its Caribou Dome project in Alaska. Lying just north of the Denali Highway about 160 miles (250 kilometers) northeast of Anchorage, PolarX's 22-mile-long Alaska Range project hosts Caribou Dome, a high-grade carbonate-hosted copper deposit, Zackly, a high-grade gold-copper-silver...
Second campaign expected to generate another 10,000 oz of gold for Contango Ore, which will fund other direct shipping ore mines in Alaska. After receiving roughly $32 million of gold and silver in August from the first direct shipping ore processed under its hybrid royalty model, Contango Ore Inc. reports that Kinross Gold Corp. is processing the second batch of high-grade ore from Manh Choh through the mill at its Fort Knox Mine north of Fairbanks, Alaska. "It is great to...
As China curbs exports of the strategic and critical metalloid, America's Last Frontier reemerges as potential domestic supplier. China's coming state-controlled restrictions on antimony exports has significantly elevated the criticality and price of this semi-metal that is already a top concern from many officials within the U.S. Department of Defense due to its use in military hardware and the dearth of antimony mines in the United States. An element that has properties that...
Positive visual results encourage partners to expand program at copper-zinc VMS project in Alaska. American Pacific Mining Corp. Aug. 29 announced the completion of the drilling portion of a $12.8 million (C$17.5 million) exploration and development program budgeted for the Palmer copper-zinc-gold-silver project in Southeast Alaska. "We are delighted to have completed another successful exploration program with zero incidents or injuries throughout the summer," said American...
U.S. GoldMining and Nova Minerals work side-by-side to advance gold, copper, and antimony projects at end of West Susitna Road. WEST SUSTINA MINERAL DISTRICT – The 4,000-foot Whiskey Bravo airstrip about 100 miles northwest of Anchorage as the Cessna 206 flies is serving as the operational headquarters of an emerging Alaska mining district with the potential to be a domestic source of minerals and metals critical to America's economic wellbeing, national security, and clean e...
Contango ORE receives $32.2 million of gold and silver from the first direct shipping ore processed under its hybrid royalty model. Since the July 8 pouring of the first bar of gold, the Kinross Alaska mill recovered approximately 55,000 ounces of gold and 11,000 oz of silver from ore shipped from Manh Choh, a mine being operated under the Peak joint venture between Kinross Gold Corp. (70%) and Contango ORE Inc. (30%). For Contango, this marks the first revenue generated...
Contango ORE buys the Golden Zone and Amanita exploration projects held by Avidian Gold Alaska. Avidian Gold Corp. Aug. 7 announced that it has finalized the sale of its Alaskan subsidiary, Avidian Gold Alaska Inc., to Contango ORE Inc. for $2.4 million (C$3.3 million), plus a potential future payment of $1 million (C$1.4 million) if Contango decides to develop a mine at the mineral exploration projects that came with the sale. With the purchase, Contango ORE gains ownership...
Program focused on upgrading and expanding near-surface resources in preparation for a feasibility study. Nova Minerals Ltd. July 31 announced the start of a drill program to upgrade and expand the resources at the RPM gold deposit on its Estelle project about 100 miles (160 kilometers) northwest of Anchorage, Alaska. The start of the 2024 program at Estelle comes days after the Australian company completed its American listing on the Nasdaq Capital Market through a $3.3...
Manh Choh underscores the potential of Contango's Hybrid Royalty Model to unlock the value of orphaned high-grade mineral deposits. The pouring of the first bar of gold from the Manh Choh Mine was a momentous occasion for Contango ORE Inc., Kinross Gold Corp., Tetlin Village, and others involved in the development of Alaska's newest gold mine. Two unique business models that led to the early July gold pour, however, could be more valuable than the 600 ounces of gold in the...
From its scandalous gold rush beginnings to modern mining resurgence, Stewart's legacy as a mining hub continues to evolve. In the rugged expanse of Northern British Columbia, where the slopes of Mount Rainey rise steeply above the town of Stewart, the Stewart Mining District has carved its legacy into a region rich with veins of silver and gold, witnessing the rise and fall of some of Canada's most significant mines and shaping the history and fortunes of those who sought to...
Over 500 surface samples reveal high-grade gold, silver, copper, and other anomalous minerals. Prospector Metals Corp. Aug. 15 announced the initial assay results from its 2024 exploration program at the ML gold-silver-copper project in Yukon, which revealed a newly identified mineralized corridor extending at least 15 kilometers (nine miles). Comprising 4,757 hectares (11,747 acres) within the prolific Tintina Gold Belt, Prospector's Mike Lake (ML) property is located...
Mining's benefits to the state's economy are poised to grow as the world seeks sustainable sources of the minerals Alaska is enriched with. A new study carried out by Alaska-based McKinley Research Group found that mining and minerals exploration contributed over $2.5 billion to Alaska's economy during 2023. "The mining industry continues its role as a powerhouse of Alaska's economy, partnering with local communities to drive significant economic benefits and support...
Elevated status is good news for Seabridge Gold, Nations Royalty, B.C., and North America. Nations Royalty July 30 reported that the British Columbia government has elevated the status of Seabridge Gold Corp.'s KSM copper-gold mine project in Northern B.C. to "substantially started," an official designation that ensures the previously approved environmental assessment certificate (EAC) for KSM remains in effect for the life of the world-class mine project. "This is a...
Governments commit C$195 million to improving highway infrastructure in critical minerals-rich Northern BC. Heralded as a win for First Nations residents and the mining industry in Northern British Columbia, the federal and provincial governments are investing C$195 million (US$142.6 million) to upgrade highway infrastructure in the critical minerals-enriched Golden Triangle. "The Northwest BC Highway Corridor Improvements Project will benefit a critical mineral region and...
Begins comprehensive, multifaceted program to better understand highly prospective project. Trifecta Gold Ltd. July 16 announced that crew and equipment have been mobilized to carry out an exploration program to further delineate known zones of mineralization and identify new targets at its Mt. Hinton gold-silver project in Yukon, Canada. Trifecta Gold is a Canadian-based precious metals exploration company that holds projects in Yukon and Nevada. These include the Yuge gold...
In the meantime, Joe Ovsenek-led P2 Gold will head the 2024 exploration at Eskay Mining's property in the heart of B.C.'s Golden Triangle. In a deal that will see former Pretium Resources President and CEO Joe Ovsenek returning to British Columbia's Golden Triangle, Eskay Mining Corp. and P2 Gold Inc. have entered into a preliminary deal to merge the two gold-focused exploration companies. Eskay Mining is exploring the Eskay-Corey (formerly Consolidated Eskay) project in North...
Unique mining company adds new high-quality Alaska asset to portfolio just two days after its transition to gold producer. Contango ORE Inc. July 10 announced the completion of its acquisition of HighGold Mining Inc., a junior mineral exploration company that comes with the 1-million-ounce Johnson Tract gold project in Southcentral Alaska. "(W)e believe the combination of HighGold and Contango makes a tremendous amount of strategic sense," Contango ORE President and CEO Rick...
Kinross and Contango celebrate the pouring of first bar from gold project that boosts Fort Knox production, elevates junior to producer status. FORT KNOX MINE, ALASKA (July 8, 2024) – On a momentous occasion for both companies, Kinross Gold Corp. and Contango ORE Inc. celebrated the pouring of the first gold bar from the Manh Choh project in Alaska. Being operated under a joint venture between Kinross (70%) and Contango (30%), Manh Choh is a high-grade gold project on lands o...
Anchored by five royalties contributed by Nisga'a Nation in Northern BC, Nations Royalty is world's first Indigenous-owned metals royalty firm. The June 20 listing of Nations Royalty as an investment company on the TSX Venture Exchange was a milestone that will likely forever change the mining landscape in Canada and beyond. Born out of the vision of mining magnate Frank Giustra, a First Nations-to-mining bridge brought to the table by lifelong Northern British Columbia...
HighGold shareholders overwhelmingly vote in favor of joining Alaska's next gold-producing company. In an embrace of Contango ORE Inc.'s unique vision of transforming high-quality projects into Alaska's next gold mines, HighGold Mining Inc. shareholders nearly unanimously approved a deal to merge with the Alaska-based gold company. During a special meeting held on June 27, 93.7% of HighGold shareholders approved the proposed merger with Contango. "We are very pleased to have t...
American Pacific, Dowa begin 2024 program at copper-rich VMS project in Southeast Alaska. American Pacific Mining Corp. June 18 reported that it has launched a 5,100-meter drill program focused on upgrading and expanding the high-grade copper-zinc-silver-gold mineralization at its Palmer volcanogenic massive sulfide (VMS) project in Southeast Alaska. "We are excited to begin this year's drill program at Palmer," said American Pacific CEO Warwick Smith. "In a world that is...
Plans to complete 15,000 meters of drilling targeting the Surebet gold-silver corridor and three discovery targets. Goliath Resources Ltd. June 3 announced that it is ramping up a 15,000-meter drill program to expand the high-grade gold zones at Surebet and test three discovery targets across the wider Golddigger property in Northern British Columbia. Located in the neighborhood of Dolly Varden Silver Corp's Kitsault Valley and Hecla Mining Company's Kinskuch gold-silver...
Exercises option on high-grade copper property, consolidates ownership of larger Alaska Range project. PolarX Ltd. June 12 announced that it has exercised an option to secure an 80% interest in the Caribou Dome property and a 90% interest in the adjacent Senator property, both part of the company's 103-square-mile (266 square kilometers) Alaska Range copper-gold-silver project. Lying just north of the Denali Highway about 160 miles (250 kilometers) northeast of Anchorage, the...
