The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Following a couple of quiet months where Alaska's mining industry focused on its work, the last month has seen an explosion of new info come out regarding that effort, some of it profound in its potential immediate, near-term and long-term implications. For example, one of Alaska's largest mines was sold to a new owner at a surprisingly low cost per ounce. The results of a robust new preliminary economic analysis were tabled by an advanced gold-silver exploration project... Full story
Titanium conjures images of the durable and lightweight metal used to build aircraft, replacement hips, high-end bicycle frames and even quality golf clubs. While its outstanding weight-to-strength ratio and corrosion resistance makes this critical metal ideal for these applications, roughly 93 percent of the world's titanium is used to impart a stark whiteness to many of the consumer goods we use every day. "Titanium is different than most other metallic elements in that it...
PolarX Ltd. Sept. 25 said drilling is beginning to outline a thick zone of shallow, high-grade gold-copper-silver mineralization about 850 meters east of the Zackly skarn deposit that show the potential for open-pit mining on the Australian explorer's Alaska Range project. First tapped by ZX-18020 – a hole reported earlier this year that cut 54.6 meters averaging 2.8 grams per metric ton gold, 9.4 g/t silver and 0.6 percent copper from a depth of 2.5 meters – this thick new...
The verdict is in – the economics of developing an open-pit mine at Peak Gold look tantalizing and Royal Gold Inc. is committed to being involved with this Eastern Interior Alaska gold-silver project for the long haul. Discovered by Contango ORE Inc. in 2009, the Peak Gold project hosts two skarn deposits – Main Peak and North Peak – on an underexplored property that covers roughly 850,000 acres west and south of Tok, a crossroads town on the Alaska Highway. A preli...
StrikePoint Gold Inc. Sept. 17 reported samples with as much as 1,432 ounces per metric ton silver, 16.9 grams per metric ton gold and 3.57 percent copper in the first round of assay results from surface sampling at the Porter silver project on Mount Rainy about 2.5 kilometers (1.5 miles) southeast of Stewart, British Columbia. Three historic mines are found on the recently expanded Porter property – Silverado, which is on the mountain facing Stewart; Porter; located about 2...
With the completion of a C$2.8 million financing, along with the closing of property acquisition agreements with Millrock Resources Inc. and Seven Devils Exploration Ltd., Sojourn Exploration Inc. has all the pieces in place to be a significant new prospect generator in British Columbia's Golden Triangle. The three-way deal brings together three highly prospective copper-gold properties generated by Millrock, another four properties and the exploration talent of privately...
GT Gold Corp. Sept. 10 announced a major porphyry copper-gold-silver discovery in the first hole drilled this year at the Saddle North target on the company's Tatogga property in British Columbia's Golden Triangle. Starting at a depth of 78.87 meters, hole TTD085 cut 822.19 meters averaging 0.42 grams per metric ton gold, 0.26 percent copper and 0.62 g/t silver. This long intercept included 430 meters of 0.67 g/t gold, 0.41 percent copper and 0.89 g/t silver from 493 meters to...
Avidian Gold Corp. Sept. 10 reported the discovery of a new gold showing on its Golden Zone project about 200 miles (320 kilometers) north of Anchorage, Alaska. The Golden Zone property hosts numerous gold targets along a 15,000-meter-long trend. Breccia Pipe, the most advanced of these, is a deposit with 4.19 metric tons of indicated resource averaging 1.99 grams per metric ton (267,400 ounces) gold and 10.38 g/t (1.4 million oz) silver. JJ Zone, the new discovery, is about...
StrikePoint Gold Inc. has expanded its drill program and land position at its recently acquired Porter Idaho property on Mount Rainey about 2.5 kilometers (1.5 miles) outside of Stewart, British Columbia. On Sept. 12, the Vancouver, B.C.-based exploration company announced the mobilization of a second drill rig to test the potential connection between the historic Silverado and Prosperity-Porter Idaho underground silver mines just above Stewart, British Columbia. Despite only...
Western Alaska Copper & Gold Company Sept. 11 reported that it completed 4,232 meters of drilling at Round Top, which is more than double the drilling completed last year at this porphyry copper-silver-molybdenum project in the Illinois Creek Mining District of western Alaska. With the goal of expanding known mineralization at Round Top, the 2018 program focused on: further testing of the mainstage porphyry mineralization discovered in RT-19, a 2017 hole that cut 166 meters...
Underscoring the interconnected nature of the global mining market, not 48 hours after the John S. McCain National Defense Authorization Act was signed into law, the mining industry began wondering out loud how they were going to produce rare earth element, tungsten, tantalum and molybdenum in the near future. Why these metals and why the worry now? Because one of the many impacts the Defense Authorization Act will have on the U.S. economy is its ban on the U.S. Department of... Full story
While not the flashiest of the 35 minerals on the United States Geological Survey's critical list, barite plays an essential role in America's energy sector. Barite got its name from the Ancient Greek word for heavy, barús, and it is the high specific gravity that earned this mineral its name that makes it a critical mineral. Added to drill mud, a solution that serves multiple purposes in bore drilling, barite's weight helps maintain the integrity of the drill hole and...
A group of Alaskans led by renowned geologist Curt Freeman have created Valhalla Metals Inc., a private Alaska exploration company that has nabbed exciting volcanogenic massive sulfide projects that bookend the Ambler Mining District, one of the richest known undeveloped mineral regions on Earth. Anchored by the Arctic deposit on lands held by Trilogy Metals Inc., this region of Northwest Alaska is celebrated for a 70-mile- (110 kilometers) long belt of world-class VMS...
With initial results from the 2018 drilling at Bornite topping 5 percent copper, Trilogy Metals Inc. and South32 Ltd. have decided to extend this year's program at the Upper Kobuk Mineral Projects in the Ambler Mining District of Northwest Alaska. Trilogy has only received partial assay results from one hole drilled this year, but the results are impressive. This hole, RC18-0247, cut 16.4 meters grading 5.34 percent copper and 0.21 percent cobalt to the north of the...
Constantine Metal Resources Ltd. Aug. 13 reported that results from metallurgical testing demonstrate a premium-quality barite concentrate can be produced as a co-product to the copper, zinc, gold and silver found in the volcanogenic massive sulfide deposit at the Palmer project in Southeast Alaska. According to a resource calculated in 2015, the South Wall-RW deposit at Palmer hosts 8.1 million metric tons of inferred resource averaging 5.25 percent (940.4 million pounds)...
UPPER KOBUK MINERAL PROJECTS: A two-hour flight northwest of Fairbanks, Alaska lies one of the richest known undeveloped mining districts on Earth. This claim is evidenced by the rich deposits of copper, zinc, lead, cobalt, gold and silver outcropping from the Brooks Range mountains where this district is found; the copper-rich ore extracted from an exploration shaft dug by Kennecott in the 1960s; and the copper and cobalt mineralization that is easy for a journalist to...
Although the Alaska mineral industry is in better health in the middle of 2018 than it has been in the last five years, the spirited recovery that was in progress in the first quarter of the year is now looking more like a dead-cat bounce – a minor recovery after a long down trend. This is particularly true of the exploration sector. Reviewing the Alaska minerals industry, you will note that several exploration projects are only now commencing their 2018 exploration p... Full story
Northwest Territories may fall behind Canada's two other territories in mining activity in the near-future, but projects underway in the northern jurisdiction hold substantial promise for mid- to long-term gains, especially if many current roadblocks come down. "Optimism is warranted for the territory's mining sector and the broader economy it drives," said Wally Schumann, minister of industry, tourism and investment for the Government of Northwest Territories. But...
Trilogy Metals Inc. July 20 filed a technical report that includes the 77 million pounds of cobalt resource outlined so far at the Bornite project in Northwest Alaska. "Now that we have filed the new technical report for the Bornite project, the next step is to finish the metallurgical test work on the cobalt resources, which we expect to be completed by the end of the year," said Trilogy Metals President and CEO Rick Van Nieuwenhuyse. In total, Bornite is estimated to host...
Extremely hard and with the highest melting point of all the elements on the periodic table, tungsten is a vital ingredient to a wide-range of industrial and military applications, yet none of this durable metal is currently mined in the United States. According to the United States Geological Survey, more than half of the tungsten consumed in the U.S. last year was used to make the cemented tungsten-carbide, a compound typically made with equal parts tungsten and carbon....
Millrock Resources Inc. July 18 said roughly US$5 million of partner-funded exploration is being carried out across its portfolio of mineral properties, including 10,000 meters of drilling at three projects in Alaska and Mexico. "We have plenty of potential catalysts to improve the Millrock share price through the discovery of valuable resources," said Millrock President and CEO Greg Beischer. Millrock Resources is a project generating mineral exploration company with five...
PolarX Ltd. July 17 reported that strong, visible copper and gold mineralization was seen in ZX‐18018, a recently completed hole that drilled about 100 meters below the current resource at the Zackly skarn deposit on the Australian explorer's Alaska Range property. A 13-hole drill program carried out in 2017 upgraded the historical Zackly deposit to 3.4 million metric tons of JORC- (Australian Joint Ore Reserves Committee) compliant inferred resource grading 1.2 percent (...
MACLAREN RIVER: A cold summer rain drizzling down on the exploration camp does not dampen the spirits of PolarX Ltd. Executive Director Jason Berton ... and for good reason. Laid out across the tables in the core shack at the company's highway accessible exploration camp is gold- and copper-rich skarn mineralization from a hole drilled some 850 meters east of the current resource at the Zackly deposit on the company's Alaska Range project. If ongoing drilling can trace this...
Riversgold Ltd. July 9 said it has begun a seven-week exploration program that is expected to include drilling at several targets on its gold properties in Southwest Alaska. A Perth-based mineral exploration company that listed on the Australia Stock Exchange late in 2017, Riversgold owns three gold exploration properties – Luna-Quicksilver, Kisa and Gemuk – that blanket 27,122 acres of the Kuskokwim Mountains about 95 miles southwest of the 39-million-ounce Donlin Gold Min...
Kutcho Copper Corp. July 4 named Sue Craig as vice president of community and environment, replacing Allison Armstrong who will be moving into an advisory role for the company. As a highly-respected professional geoscientist, Craig has worked in British Columbia and Yukon for more than 25 years on projects from the exploration and development stage to construction, production and mine closure. She successfully led the environmental assessment process for Novagold Resources'...
