The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Granite Creek Copper Ltd. Feb. 19 said it has secured a substantial historical database detailing exploration work conducted on the area covered by the company's newly acquired Stu copper-gold-silver project about 47 kilometers (29 miles) northeast of Carmacks, Yukon. Granite Creek Copper is a newly formed exploration company that closed a deal to acquire Stu in January. At the time of the acquisition, the company closed a C$1.8 million non-brokered private placement...
He who controls battery metals and the evolving energy storage technology controls the world of industrial power in the 21st century auto and energy storage industries. This is the message Benchmark Mineral Intelligence Managing Director Simon Moores delivered to the U.S. Senate Energy and Natural Resources Committee. Moores, a global authority on lithium-ion batteries and the metals that go into them, was invited to testify by Senate Energy and Natural Resources Chair Lisa...
Trilogy Metals Inc. Jan. 6 announced a US$2 million increase to the exploration budget reported last week for the Upper Kobuk Mineral Projects in Northwest Alaska, swelling the total expenditures for 2019 to US$18.2 million. Trilogy will contribute US$1 million for this expanded program and South32 Limited will contribute the balance. This additional spending will be used for district-scale exploration across the Ambler Mining District with a focus on identifying and testing...
PolarX Ltd. Jan. 29 reported that the final assays from the 2018 drill program at its Alaska Range project continues to tap copper-gold-silver mineralization below the resource boundaries of the Zackly skarn deposit. Zackly hosts 3.4 million metric tons of inferred resource averaging 1.2 percent (90.4 million pounds) copper, 2 grams per metric ton (213,000 oz) gold and 14 g/t (1.5 million oz) silver, according to an Australian Joint Ore Reserves Committee- (JORC) resource...
Trilogy Metals Inc. Jan. 31 announced a US$16.2 million work program this year for the Upper Kobuk Mineral Projects in Northwest Alaska, a work program that is expected to result in major milestones toward realizing the world-class mineral potential the Ambler Mining District has to offer. Similar to the previous two years, Australia-based South32 Ltd. will invest US$9.2 million of the 2019 funding, which will go toward infill and resource expansion drilling at the Bornite...
I, for one, feel vindicated, relieved and ready to face the New Year! How so, you ask? Please let me explain. For those of you who remember my column in November, I noted that EY Global Mining and Metals publishes an 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 was for the years 2017-2018 and stated that "Our number one risk this year is digital effectiveness." If you... Full story
With the startup of two new gold mining operations scheduled for the first half of this year and recent regulatory approvals for development of at least three other gold deposits in the territory, there's little question that Nunavut is coming into its own as a gold mining center in Canada. Nearly one and one-half times the size of Alaska, the northern jurisdiction has seen little gold production since it was separated from Northwestern Territories 20 years ago. But as...
Contango ORE Inc. Jan. 23 announced that the Peak Gold mine project near the crossroads town of Tok in Eastern Interior Alaska is officially up for sale. The Peak Gold project is owned by a joint venture between Contango ORE (60 percent) and a subsidiary of Royal Gold Inc. (40 percent). Royal Gold, which manages the work under the joint venture, has retained Scotia Capital Inc. to conduct a joint process for the sale of the Peak Gold properties in Alaska. Given the high gold...
White Rock Minerals Ltd. Dec. 27 reported that Sandfire Resources NL has exercised its option to enter into a joint venture agreement with White Rock on the zinc-rich Red Mountain volcanogenic massive sulfide project in Interior Alaska. In July, White Rock entered into a strategic relationship with Sandfire, a mid-tier Australian mining company that operates the high-grade DeGrussa copper-gold mine in Western Australia. To formalize this strategic relationship between the two...
As the year waned, Alaska's mining industry reported some of the last of its 2018 seasonal field results while the University of Alaska and state of Alaska released some current and projected state-wide economics. At the same time, some macro-economic data was released for the global mining industry. Combined, these figures show a mix of encouraging and not so encouraging trends facing the Alaska mining industry. At the global scale, things for the mining industry are looking... Full story
Nighthawk Gold Corp. Dec. 20 provided an update on Tlicho all-season road, a new two-lane gravel highway that will bring year-round ground transportation roughly 90 kilometers (62 miles) closer to the company's Indin Lake gold property in Northwest Territories. The Tlicho Road will follow an existing winter road some 97 kilometers (60 miles) miles north from Highway 3 to the community of Whati. In late October, federal and territorial ministers approved the Mackenzie Valley...
In addition to being a past producer and a future source of most of the 35 minerals and metals considered critical to the United States, Alaska currently contributes a globally significant amount of one of these vital metals – germanium. While not a widely known metal, germanium has optical qualities that make it an important ingredient in fiber-optics, infrared optics, electronics and solar energy systems. "The extensive use of germanium for military and commercial a...
Trilogy Metals Inc. Dec. 13 said results from the final five holes drilled this year at Bornite continue to show the potential to expand the high-grade underground resource at this world-class copper-cobalt project in the Ambler Mining District of Northwest Alaska, including toward the open-pit deposit to the south. "The latest drilling results confirm the extent and continuity of the copper and cobalt mineralized system at the Bornite Project, and continue to demonstrate...
Exceptional widths of higher grade gold and copper mineralization tapped during this year's drilling continues to support the idea that the Iron Cap deposit deserves to be queued up earlier in the plan for a future mine at Seabridge Gold Inc.'s KSM project copper-gold in northwestern British Columbia. The four deposits that make up the KSM project – Kerr, Sulphurets, Mitchell and Iron Cap – encompass 2.2 billion metric tons of proven and probable reserves averaging 0.55 gra...
WESTERN ALASKA Northern Dynasty Minerals Ltd. announced that it had finalized a surface right of way agreement with Alaska Peninsula Corporation for use of that latter's lands for the construction and operation of transportation infrastructure associated with the Pebble copper-molybdenum-gold project. Alaska Peninsula Corporation is an Alaska Native village corporation with extensive land holdings proximal to the Pebble site and more than 900 shareholders, many of which live... Full story
ZincX Resources Corp. Nov. 17 reported the final results from a 2,013-meter drill program that tested four high-priority regional targets on its Akie zinc-lead-silver property in northern British Columbia. Akie – one in a series of property blocks owned by ZincX that blanket roughly 140 kilometers (85 miles) of the Kechika SEDEX belt in northeastern B.C. – hosts the Cardiac Creek deposit. In June, the company published a preliminary economic assessment for Cardiac Creek tha...
New gold mines are expected to drive strong economic growth in Nunavut and Yukon over the next several years, according to the latest Territorial Outlook published by The Conference Board of Canada. The non-profit think tank focused primarily on researching and analyzing economic trends, however, forecasts a shrinking economy for Northwest Territories as the diamond sector there matures. Despite a tepid recovery for the mining sector as a whole, the new mines being developed...
Trilogy Metals Inc. Nov. 19 reported additional copper-cobalt results from drilling beyond the deposit at Bornite, a part of the company's Upper Kobuk Mineral Projects in the Ambler Mining District of Northwest Alaska. According to a 2016 calculation, the open-pit deposit at Bornite contains 40.5 million metric tons of indicated resource averaging 1.02 percent (913 million pounds) copper; and 141.9 million metric tons of inferred resources averaging 1.74 percent (5.45 billion...
White Rock Minerals Nov. 21 announced that it has staked 524 state of Alaska mining claims around Red Mountain, more than tripling the Australian company's land position at this high-grade zinc-silver-lead-gold-copper volcanogenic massive sulfide project on the north slopes of the Alaska Range. This expansion follows White Rock's first year of exploration where drilling confirmed the high-grade zinc-silver-lead-gold-copper mineralization at two historical deposits at Red...
Excited about the robust economics outlined in a preliminary economic assessment finalized in October, Peak Gold partners – Contango ORE Inc. (60 percent) and Royal Gold Inc. (40 percent) are now looking at the potential of bringing on a partner to advance their high-grade gold deposit in eastern Alaska toward development. "We are at a point I think where it would be healthy to have somebody else come in and move the project forward with their skill set," Royal Gold P...
PolarX Ltd. Nov. 12 reported strong copper-gold results from another hole drilled in an area about 850 meters east of the Zackly skarn deposit that is emerging as a potential open pit mine on the Australian company's Alaska Range project. This hole, ZX‐18021, cut 20.2 meters averaging 0.3 percent copper, 1.1 grams per metric ton gold and 5.3 g/t silver. While not the highest grade or thickest intercept encountered this year, its proximity to holes that meet that criteria a...
The proposed combination of Newmont Mining Corp. and Goldcorp Inc. has raised questions about the future of the companies' gold assets in the Yukon and investments in other junior mining companies across Canada's North. Two of the gold projects in the proposed Newmont Goldcorp pipeline are found in the Yukon – Plateau, a large property being explored by Newmont, and Coffee, a project that is nearing the mine development stage. Knowing that the combined gold miner plans to shed... Full story
PolarX Ltd. has put together an 85,750-acre (347 square miles) land package just off Alaska's road system that already hosts deposits rich in copper and gold yet remains vastly under-explored. This 22-mile- (35 kilometers) long property, known as Alaska Range, is made up of two adjacent projects – Stellar and Caribou Dome – the Australia-based exploration company brought together in 2017. Stellar, currently the primary focus of PolarX's exploration, already boasts 90.4 mil... Full story
Long sections of high-grade gold and silver at the Saddle South discovery on GT Gold Corp.'s Tatogga property at the northern tip of British Columbia's Golden Triangle catapulted this newly formed exploration company into the spotlight in 2017. With intercepts such as seven meters of 51.53 g/t gold and 117.38 g/t silver; 12.2 meters of 14.75 g/t gold; 3.4 meters of 48.85 g/t gold; 8.3 meters of 20.02 g/t gold; and three meters averaging 31.79 g/t gold and 1,141 g/t silver, it... Full story
Goldstrike Resources Ltd. might be feeling lucky, but that doesn't mean the Canadian gold explorer is easing up in its aggressive push into Yukon Territory. Instead of kicking back and reveling in the C$53 million payday from Newmont Mining Corp., its new partner in exploring the highly prospective Plateau gold property in central Yukon, Goldstrike's management team immediately began positioning the organization to deliver what could become the next big gold discovery in the... Full story
