The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 576 - 600 of 1467
An abnormally long fall has allowed the Alaska mining industry to extend seasonal work well into mid-October, creating a lot of new information about project work conducted around the state. Exploration efforts, in particular, benefitted from this additional field time. Based on information available to date, 2019 exploration expenditures are expected to be in the $135-140 million range, well ahead of the $120-125 million exploration spending tracked for 2018. In addition,...
HighGold Mining Inc. Oct. 16 reported the completion of 2,247 meters of drilling in nine holes during the newly formed company's inaugural exploration program at the Johnson Tract gold-zinc-copper property in Southcentral Alaska. In addition to the drilling, which focused on defining and expanding the JT (Johnston Tract) deposit, this year's fieldwork included prospecting, geological mapping and geochemical sampling at several regional targets on the property. HighGold,...
GT Gold Corp. Oct. 16 reported that results from the latest five holes drilled at its Tatogga property in northwestern British Columbia has extended the Saddle North porphyry copper-gold system to a depth of 1,550 meters, or nearly a mile below the surface. Since first tapping Saddle North during 2018, GT Gold has outlined a porphyry body that measures roughly 1,500 meters down-plunge, 700 meters along strike and is 200 to 560 meters thick. Within this broader zone of...
Crystal Lake Mining Corp. reported that drills have tapped a new porphyry copper-gold zone at Newmont Lake; and surface sampling has discovered an entirely new hydrothermal system containing high-grade gold , silver, copper, nickel, cobalt, zinc and lead mineralization along a separate corridor on the northern British Columbia property. The porphyry copper-gold mineralization, announced on Oct. 9, was encountered by drilling at 72' Zone, which is about 2,300 meters northeast...
Millrock Resources Inc. Oct. 1 said it is investing the C$1.58 million it recently raised to position the company and its properties for expected improving markets for gold-focused exploration companies. "The moves Millrock has made over the past three months has positioned the company well for what appears to be a coming bull market in precious metals," said Millrock Resources President and CEO Greg Beischer. "We have developed an enviable gold project portfolio that is...
The Ambler Mining District in Northwest Alaska covers a more than 70-mile (115 kilometers) stretch of Earth's crust that is rich in a variety of precious, base and critical minerals. So rich, that nearly 40 years ago U.S. Congress wrote road access to Ambler into the laws of the land. Today, much of the Ambler District is covered by the Upper Kobuk Mineral Projects (UKMP), a partnership that brought Bornite and a number of other copper-rich prospects on Alaska Native lands...
If you have watched the metals markets over the last month, you know why Alaska's mineral industry has surged, stalled, swerved, swooped, slowed, shelved and stuttered, sometimes all at the same time! Gold has gone above US$1,500 per ounce; copper pundits are predicting an increasingly dour future; zinc markets are looking to dive below $1.00 per pound; tin markets have marched strongly upward due to supply disruptions; and silver bulls are calling for annual worldwide...
As the worldwide deficit in zinc production grows, several zinc-lead mining projects across northern Canada await construction of access arteries needed to deliver their ore to market. The projects are among the world's most attractive and represent a base metals treasure trove coveted by would-be developers and end users alike. Recent funding from the Canadian government and other public and private sources could unlock the floodgates to critical infrastructure development...
HighGold Mining Inc. Sept. 23 provided details of the 2,000-meter drill program at its flagship Johnson Tract gold project in Southcentral Alaska. In late August, HighGold initiated an eight- to 10-hole diamond drill program aimed at confirming, defining and expanding the main Johnson Tract deposit. The Johnson Tract has significant historical exploration, including 88 holes primarily targeting the main Johnson tract deposit. Under a joint venture with Cook Inlet Region Inc.,...
The initial results from 2019 drilling at the Upper Kobuk Mineral Projects in Northwest Alaska has the Trilogy Metals team excited, especially the first hole from the Sunshine exploration target about eight miles (13 kilometers) west of the Arctic Mine project. The US$18.2 million carried out this year at UKMP included six holes (1,357 meters) of exploration drilling at the Sunshine prospect, 10 holes (7,610 meters) of resource upgrade and expansion drilling at the Bornite...
As the rest of the country suffers through the Dog Days of summer, Alaska is approaching the end of a topsy-turvy summer season that saw unseasonably hot, dry weather in some parts of the state during some parts of the summer, while other parts of the state have seen record rainfall and unseasonably early snowfall. Gold prices have skyrocketed over the $1,500 per ounce mark and silver prices have moved strongly up, now trading at a one-year high. However, copper and zinc are a...
Yukon Territory, a mineral exploration frontrunner in Canada's North, is witnessing a significant slowdown in 2019. As a result, growth in Yukon's economy is expected to slow this year but rebound in 2020, according to The Conference Board of Canada. In its "Territorial Outlook Economic Forecast: Summer 2019," released in June, the board said new mines coming online in 2020 will drive Yukon's growth in the near future. Several factors, however, have converged to put the...
United States Bureau of Land Management Aug. 30 published the Draft Environmental Impact Statement for the proposed Ambler Mining District Industrial Access Road to the Federal Register, marking the official start of a 45-day public comment period for this proposed 211-mile transportation corridor to one of the richest undeveloped minerals districts in Alaska. Alaska Industrial Development and Export Authority, which is expected to build and maintain the Ambler road and be...
The Koniag Inc. region covers the Kodiak Archipelago, a group of islands off the southern coast of mainland Alaska better known for their enormous brown bears than vast mineral potential. The Alutiiq people that arrived on Kodiak, Afognak and surrounding islands more than 7,500 years ago were skilled mariners who were deeply connected to the ocean for food and supplies. Over the millennia, these roaming seafarers settled into whaling and fishing villages that sheltered...
The Canadian government has dedicated C$2.2 billion to clean up contaminated mine sites in the Yukon and Northwest Territories. The eight projects to be addressed with this investment are the historical Faro, United Keno Hill, Mount Nansen, Ketza River and Clinton Creek mines in the Yukon; and Giant, Cantung and Great Bear Lake mines in the Northwest Territories. This new remediation effort, Northern Abandoned Mine Reclamation Program, was introduced by the Honorable Carolyn...
GT Gold Corp. Aug. 12 announced that Paul Harbidge, former senior vice president of exploration for Goldcorp Inc., will be taking over as the president and CEO of GT Gold on Sept. 3. Harbidge's former company merged with Newmont in April and in May Newmont Goldcorp invested C$17.6 million to acquire a 9.9 percent stake in GT Gold shares. Funds from this investment are being used to expand Saddle North, a large porphyry gold-copper target on the Tatogga property in British...
PolarX Ltd. Aug. 6 reported that initial data from an induced polarization (IP) geophysical survey over the Saturn target at its Alaska Range project has identified large anomalies which are consistent with the porphyry copper‐gold mineralization being targeted by drilling that is now underway. Funded by an A$4.3 million investment by Lundin Mining Corp. in June, this 5,000-meter drill program is expected to include eight to 10 deep holes. PolarX identified Saturn as a p...
Go Metals Mining Corp. (formerly Go Cobalt Mining Corp.) July 29 announced the completion of an initial phase of 2019 exploration at its Monster copper-cobalt project about 90 kilometers (56 miles) north of Dawson City, Yukon. The Monster property covers a large iron oxide copper gold (IOCG) occurrence that extends for about 18 kilometers (11 miles). Surface sampling has identified copper, cobalt, gold, and silver showings across the entire property. The primary alteration...
Constantine Metal Resources Ltd. July 31 reported that it has received state approvals for underground exploration at Palmer, the next major step in the advancement of this zinc-copper-gold-silver-barite project in Southeast Alaska. In June, Constantine published a preliminary economic assessment that outlines plans for a 3,500-metric-ton-per-day operation at Palmer that would produce 1.07 billion pounds of zinc, 196 million lb of copper, 18 million ounces of silver, 91,000...
New Age Metals Inc. July 25 announced the start of a 2019 exploration program focused on mapping hydrothermal alteration to better define drill targets on its Genesis platinum group metals-nickel-cobalt project in Southcentral Alaska. Situated along the Richardson Highway about 75 highway miles north of the deep-water port city of Valdez, Genesis is an under-explored palladium-platinum-nickel-copper property with great infrastructure. Previous sampling at Sheep Hill, one of...
Aleut Corporation is committed to promoting economic opportunities for its more than 4,000 shareholders, while preserving the traditional culture and values developed from living in a ruggedly beautiful stretch of Alaska. The Alaska Peninsula and 167 named Aleutian Islands extending more than 1,000 miles off Southwest Alaska that make up the Aleut Corp. region form a border between the Pacific Ocean and Bering Sea. This geologically young island arc is part of the Pacific...
Aben Resources Ltd. July 9 announced that it has completed the 2019 drill program at its Justin gold project in southeastern Yukon and drills are now turning on its Forrest Kerr gold project in British Columbia's Golden Triangle. Aben is starting off with a 5,000-meter drill program this year at Forrest Kerr. A second 5,000-meter phase that follows up on interesting targets turned up in the initial phase is expected to be added. "The company looks forward to continued success...
PolarX Ltd. July 10 said a roughly 5,000-meter drill program is slated to begin this month at the Saturn copper‐gold porphyry target within its Alaska Range project. Funded with the recent AU$4.3 million investment by Lundin Mining Corp., this program is expected to include eight to 10 deep holes targeting a porphyry copper‐gold target identified in early 2018 through evaluation of regional aeromagnetic geophysical data and confirmed through a higher‐resolution survey carried...
Thanks to the start-up of new mines, The Conference Board of Canada forecasts the economies of Canada's territories to grow significantly over the next two years. In Territorial Outlook Economic Forecast: Summer 2019, The Conference Board of Canada foresees the combined economies of Nunavut, Northwest Territories and Yukon expanding by 5.3 percent in 2019 and 4.4 percent in 2020. "Territorial economies are being positively impacted by new mines that are propelling growth in...
Constantine Metal Resources Ltd. June 27 said a drill program aimed at expanding and upgrading the zinc-copper-gold-silver-barite resources at the Palmer project in Southeast Alaska is now underway. In early June, the company released a preliminary economic assessment for developing a mine at Palmer that is both economically robust and environmentally conscientious. The PEA looks at a 3,500-metric-ton-per-day operation at Palmer that would produce 1.07 billion pounds of zinc,...
