The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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As the year winds down, mineral industry evaluations for 2019 are being published at a rapid rate. One of the most interesting such global reviews is EY Global Mining and Metals' annual "risk radar" for mining and metals, outlining what mining companies perceive as the top ten risks facing them in the near future. This publication stated that, for the second straight year, "social license to operate" remains the number one risk facing mining companies in 2020. This was... Full story
Stretching along roughly 400 miles of Alaska's southern coast – from the north end of the Southeast Alaska Panhandle near Icy Bay to the tip of the Kenai Peninsula near Homer – the Chugach Alaska Corp. region epitomizes Alaska beauty. This 10 million-acre region along Gulf of Alaska coastline is carved with majestic fjords and bays teeming with fish, birds and marine mammals, and vistas of mountains and glaciers rising above and cutting through dense forests of hemlock and... Full story
Investors looking for mineral exploration companies boasting a team with a proven track record and gold properties in safe and mineral-rich jurisdictions have a new choice with the Tectonic Metals Inc. symbol, TECT, listed on the TSX Venture Exchange at the opening of trading on Nov. 18. While Tectonic may be the newest mineral explorer on the TSX Venture Exchange, the company has been acquiring and assessing gold properties in Alaska for the past two years as a privately...
Contango ORE Inc. Nov. 19 reported gold, silver and copper mineralization in its first two holes at Hona, a prospect on state of Alaska mining claims about 15 miles west of the Peak Gold deposits, which are located on a 675,000-acre land package leased from Tetlin Village, an Alaska Native corporation in eastern Alaska. Peak Gold LLC, a joint venture between Contango ORE (60 percent) and Royal Gold Inc. (40 percent), staked 183,422 acres of state mining claims covering Hona...
Pebble Partnership CEO Tom Collier is confident that the world-class Pebble copper project in Southwest Alaska will continue to achieve significant permitting milestones during 2020 – and those opposed to developing a mine at Pebble agree. "We've known for some time that our project will meet and surpass the rigorous environmental standards enforced in the United States and Alaska, and believe that it will secure its operating permits. Our critics are starting to understand t... Full story
Trilogy Metals Inc. Oct. 28 reported the final set of assay results from the 2019 drill program at Bornite, part of the company's Upper Kobuk Mineral Projects (UKMP) in the Ambler mining district of Northwest Alaska. The open-pit portion of Bornite hosts 40.5 million metric tons of indicated resource averaging 1.02 percent (913 million pounds) copper; and 84.1 million metric tons of inferred resource averaging 0.95 percent (1.77 billion lb) copper. The underground portion of...
While mining activity remained strong in the Northwest Territories in 2019, industry and government officials alike worried that the robust sector, driven largely by production at three diamond mines, has entered a prolonged downward slide. The near-term economic outlook for the territory, which covers 1.3 million square kilometers in Canada's central Arctic region, continues to be bleak as its diamond mines that have now passed peak production and replacement projects are in... Full story
When it comes to mineral exploration incentives, currency exchange and infrastructure, Alaska is at a disadvantage in the realm of attracting exploration investments from Canada and Australia, countries that are home to the majority of mining companies. The Far North State's vast and underexplored mineral potential, however, trumps these handicaps in the minds of a growing number of miners and mineral explorers. Mining executives from around the globe perennially rank Alaska... Full story
Though mineral exploration in Yukon Territory this year lagged the pace seen in 2018, mine development projects advanced at a steady clip in 2019, while several past-producing mines moved toward resuming output. Yukon ranked fourth in Canada for projected spending on mineral exploration and deposit evaluation for 2018, according to statistics distributed by Natural Resources Canada. Spending for mineral exploration and deposit evaluations totaled C$249.4 million, made up of C$... Full story
Whether it be precious metals such as gold and silver, base metals like copper and zinc, or battery metals like nickel and cobalt, northern British Columbia is rich in the type of metal deposits that junior mining companies are hoping to discover and majors are wanting to mine. Couple this mineral endowment with good infrastructure – especially stacked up against the other jurisdictions in the North of 60 Mining News coverage area – and northern B.C. continues to draw str... Full story
The two mega-mergers that hit the gold mining sector early in 2019 – Barrick Gold Corp. combining with Randgold Resources Ltd. and Newmont Mining Corp. acquiring Goldcorp Inc. – is forever changing the gold mining landscape around the world. While the two largest gold mining companies Newmont Goldcorp (No. 1) and Barrick (No. 2) are still in the process of shedding assets following the mega-mergers, it seems that Newmont Goldcorp will emerge with a much stronger foothold in... Full story
Great American Minerals Exploration Inc. is investing roughly US$10 million on exploration this year at its 55,465-acre SAM gold project about 45 miles west of the Pogo Mine. Having staked its first claims in at the SAM project area in 1999, GAME, as the privately held exploration company is commonly known, is no stranger to this emerging gold-rich stretch of the Tintina Gold Belt between the Pogo and Fort Knox mines. GAME's previous land position, however, covered only a... Full story
Western Alaska Copper & Gold is a private exploration company focused on the rich gold, silver, copper and zinc potential of the Illinois Creek Mining District located near the lower Yukon River about 65 miles southwest of the Galena and 120 miles north of the Donlin Gold Mine project. This more than 26,000-acre land package blankets the past producing Illinois Creek gold-silver mine; Round Top, a porphyry copper-molybdenum-silver target; and Honker, a high-grade gold target.... Full story
When Agnico Eagle Mines Ltd. established a foothold in Nunavut roughly a decade ago, the gold mining company saw the northern Canadian Territory as a politically attractive and stable jurisdiction with enormous geological potential. With two new gold mines established in Nunavut this year, this vision is being realized. "We see tremendous potential there and this is an inflection point and a turning point in the future of Agnico as we are opening up a brand-new area where we...
Crystal Lake Mining Corp. is finding plentiful copper, gold and silver mineralization emerging from the rapidly retreating glaciers on its Newmont Lake project in British Columbia's Golden Triangle. Situated about 30 kilometers (19 miles) northwest of Skeena Resources' Eskay Creek project and about the same distance southeast of Teck Resources and Newmont Goldcorp's Galore Creek project, Newmont Lake is in an area renowned for world-class deposits rich in copper and gold. NW... Full story
Aben Resources Ltd. had drills turning on two gold-rich properties during 2019 – Justin in southeastern Yukon and Forrest Kerr in the Golden Triangle region of British Columbia. While Justin is the most northerly of the two projects, the terrain there provides for earlier access, making this property adjacent to Golden Predator Mining Corp.'s 3 Aces project the first target for exploration this year. The 2019 program at Justin included drilling, prospecting, geologic m...
A C$17.6 million strategic investment by Newmont Goldcorp has provided GT Gold Corp. the capital to accelerate exploration on its Tatogga gold property in northwestern British Columbia. GT Gold said this investment is a strong endorsement of the potential of the Saddle South and Saddle North discoveries it has made on this property toward the north end of the Golden Triangle. Highlights from drilling at Saddle South during 2017 and 2018 include: seven meters of 51.53 grams...
With the 2018 sale of its 50 percent interest in the Galore Creek copper-gold project in British Columbia, Novagold Resources Inc. is singularly focused on advancing the Donlin Gold Mine project in Alaska toward production. In dichotomy, Barrick Gold Corp., Novagold's equal co-owner of Donlin Gold, significantly expanded its gold project portfolio with the finalization of a merger with Randgold Resources Ltd. at the onset of 2019. The Barrick-Randgold merger have caused... Full story
Teck Resources Ltd.'s northern exploration had two major focal points – ensuring the Red Dog District in Northwest Alaska continues as a significant source of global zinc supply well into the 21st century and a rekindled interest in advancing the Galore Creek copper-gold-silver project in British Columbia's Golden Triangle closer to production. The renewed and increased activities at Galore Creek follows Newmont Mining's 2018 acquisition of Novagold Resources Inc.'s 50 p... Full story
In order to focus on its flagship Palmer project in Southeast Alaska and to realize greater value from its portfolio of gold properties, Constantine Metal Resources Ltd. spun its gold assets into a new exploration junior, HighGold Mining Inc. "Constantine will continue to create shareholder value by advancing the Palmer project and will allow shareholders to realize the value locked in the gold assets through their spinout into a separate entity," said Constantine Metal Resour... Full story
Australia-based PolarX Ltd. and its copper- and gold-rich Alaska Range property has drawn the interest of Canada-based Lundin Mining Corp. In a deal finalized in June, Lundin invested roughly US$3 million to acquire a 12.85 percent interest in PolarX. This investment provides the Toronto-based miner an option to earn a 51 percent interest in Stellar, a porphyry copper-gold portion of the larger Alaska Range property, by investing US$24 million in exploration and making US$20 m...
South32, an Australia-based major base metal and coal producer spun out of BHP Billiton in 2015, is expanding its presence in Alaska. This company went into business with an impressive portfolio of base and precious metals mining assets in Australia, South Africa and Brazil. While all of South32's initial portfolio was south of the Equator, the Perth-based major is interested in high-quality exploration and mining projects around the globe. "Our exploration activities are...
EMX Royalty Corp., a company that has found success in generating royalties through low-cost property acquisition and early-stage exploration, nabbed significant royalties on properties in Alaska's Goodpaster Mining District. EMX nabbed a foothold in this district that hosts Pogo, a high-grade underground gold mine owned by Northern Star Resources Ltd., when it invested C$1 million to acquire 7.14 million shares of Millrock Resources Inc. early this year. Prior to the EMX... Full story
Emerging on Alaska's exploration scene in 2018, Tectonic Metals Inc. is a new junior mining company that applies a business-first strategy to managing the risks inherent to advancing grassroots gold discoveries to a multi-million-ounce gold reserve that global mining companies want to buy and the local people want to see developed into a mine. "Junior mining is 99 percent risk, the failure rate is huge, yet nobody has any protocols in place for managing the risks," Tectonic... Full story
Primarily focused on gold, copper and silver, Millrock Resources Inc. is a project generating mineral exploration company that has built a large portfolio of highly prospective mineral exploration properties in Alaska, British Columbia and Mexico. Many of the projects the company has generated have been sold recently to other companies in exchange for cash and shares of the company acquiring and exploring the project. For 2019, Millrock focused largely on amassing a large... Full story
