The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 751 - 775 of 1467
Millrock Resources Inc. Feb. 2 announced that it has cut deals to move its trio of Golden Triangle exploration projects into what is expected to be a well-financed exploration company managed by an outstanding technical team that will specialize as a British Columbia project generator company. Under the contemplated transaction, Millrock will vend its Todd Creek project to Sojourn Exploration Inc. The terms of the existing option agreements with Sojourn concerning two other...
With 13 holes drilled in 2017, CopperBank Resources Corp. has added more than 160 million pounds of copper to its Pyramid project on the Alaska Peninsula. "For a small investment in 2017, our team was able to significantly increase the scale, confidence and quality of the project," CopperBank Executive Chairman Gianni Kovacevic said upon the Feb. 2 release of an updated resource for Pyramid. Kovacevic has been a strong advocate for copper as a "green metal" that will see...
Riversgold Ltd. Feb. 1 announced that it has staked 52 state mining claims over the Gemuk Mountain gold prospect in the Kuskokwim Mountains of Southwest Alaska. These newly staked claims are along strike from the newly-formed Australia-based company’s Luna-Quicksilver gold project. Gemuk is near the intersection of the Denali-Farewell Fault, one of the major bounding structures of the Tintina Gold Belt, and North Fork Fault, a district-scale structure. The gold potential was first recognized at Gemuk during a district-wide s...
After investigating locations across the United States to host its first Strategic Metals Complex, or SMC, Ucore Rare Metals Inc. has decided that a Southeast Alaska town with a Pacific Rim port is the ideal place to build the cutting-edge rare earths processing facility. "Engineering and economic studies have confirmed that Ketchikan is our preferred location to construct our first strategic and critical metals separation facility," said Ucore Vice President of Operations...
As we transition from 2017 into 2018, the weight of evidence pointing to a long-awaited mining industry up-tick is being trumpeted from every financial institution, brokerage house and mining pundit across the globe. For example, RBC Capital Markets' newly released "2018 New Year Preview" has this to say: "We are in the mid-stages of a stock market recovery and the early stages of an economic cycle recovery. Gold is already in a phase where it out-performs other financial... Full story
With fresh funds in the bank and partners exploring the gold, copper and silver projects it has generated in Alaska, British Columbia and Mexico, Millrock Resources Inc. is positioned well for 2018. As a project generator, Millrock is leveraging its team's geological expertise by identifying and acquiring promising mineral projects, completing preliminary exploration aimed at bolstering the their potential and then vending them to partners to fund the more advanced stages of...
Wellgreen Platinum Ltd. Jan. 8 announced that it is changing its name to Nickel Creek Platinum Corp., part of a rebranding aimed to reflect a new direction for the company and the uniqueness of its asset, which is one of the largest undeveloped nickel sulfide and Platinum Group Metals (PGM) deposits in North America. "We are thrilled to complete our corporate rebranding to Nickel Creek Platinum, a name which reflects our company's significant endowment of nickel and PGMs, part...
With the price for an ounce of gold pushing back above US$1,300 to ring in the new year – along with zinc and copper selling at multi-year highs and trending higher – 2018 is shaping up to be a good year for Alaska's mining sector. Together, zinc and gold account for more than 80 percent of the value of metals mined in Alaska – silver and lead account for most of the balance. While there is currently no significant copper production in Alaska, the Far North state hosts signi... Full story
The Pebble Partnership Dec. 22 submitted permit applications for the Pebble Mine project to U.S. Army Corps of Engineers, initiating the project review process under the National Environmental Policy Act. With roughly 56.8 billion pounds copper, 70.4 million ounces gold, 3.4 billion lb molybdenum and 343.6 million oz silver in measured and indicated resource, Pebble hosts both the largest undeveloped copper and undeveloped gold resource on Earth. While a deposit of this size...
Trilogy Metals Inc. Dec. 14 announced that South32 Ltd. has committed US$10 million to fund the 2018 exploration program at the Bornite copper project in Northwest Alaska. This second tranche of US$10 million keeps South32's option to acquire 50 percent of the Upper Kobuk Mineral Projects in good standing. The 2018 program, which was recently approved by the Trilogy-South32 technical committee, will include in-fill and off-set drilling to better define and expand the...
Alaska’s current fiscal crisis has highlighted the need to diversify the state’s economy and being one of the richest minerals jurisdictions on the planet, mining is an industry that could play a major role in future wealth creation in the Last Frontier. Alaska Gov. Bill Walker touched on mining’s role in the state’s future during a Nov. 15 address at the Alaska Resource Conference. “We have six large scale mines in Alaska, we would like to have 12,” he told the business le... Full story
Alaska’s mining sector is in a global competition for mining investment, making it critical for the state to tout its strengths and address its weakness if it wants to attract the capital needed to expand the industry. During a presentation at the Alaska Miners Association fall convention, Doug Silver, a portfolio manager for Orion Mine Finance, provided an international financier’s perspective of Alaska mining sector’s strengths and where it could be doing better. “I have th...
In a framework agreement announced on Dec. 18, First Quantum Minerals Ltd. was revealed as the major mining company that will complete the Pebble Limited Partnership. "We have made good progress in the partnering process and are very pleased to be in advanced-stage discussions with First Quantum, an industry leader in mine development and management," Ron Thiessen, president and CEO, Northern Dynasty Minerals Ltd., currently the sole owner of the Pebble Partnership. While the...
Dolly Varden Silver Corp. continued to expand deposits of high-grade silver at its Dolly Varden project during 2017. The deposits identified on this property exhibit both Eskay-like volcanogenic massive sulfide and Brucejack-like epithermal mineralization styles. In 2015, Dolly Varden published a maiden indicated resource of 3.07 million metric tons averaging 321.6 grams per metric ton (31.8 million ounces) silver in four zones - Dolly Varden, North Star, Torbrit and Wolf....
With world-class mineral deposits, paved roads and commercial power, northern British Columbia is considered by many as a great place to achieve a mining explorer's ultimate goal – find a mine. "The geology has been great up there for 100 million years, but it has only been the last five that we have had run-of-river (hydro-electric) projects, dams – literally billions of dollars of new infrastructure," said Colorado Resources Ltd. President and CEO Adam Travis. The start of... Full story
Nunavut is a vast and minerals-rich swath of the Earth's crust and Nunavummiut, or the people who live there, see mining as the foundation of the territory's future. "The mining industry brings employment and career opportunities for residents of Nunavut and provides much-needed economic benefits to families where the cost of living is high," said Nunavut Minister of Economic Development and Transportation Monica Ell-Kanayuk. To create the conditions for a strong mining... Full story
As some of the world's biggest gold miners nab exciting plays that turned up across Yukon Territory during the past decade, Yukon's mining explorers continue to seek the next generation of mine projects in the northwestern-most Canadian territory. Many of the up and coming mines in Yukon also are getting a boost from C$360 million in upgrades to roads into some of Yukon's richest mining districts. Known as the Yukon Resource Gateway project, the endeavor to modernize... Full story
Following up on the discoveries made during a C$1 billion exploration explosion in the Yukon from 2007 until 2013, five of the world's largest gold producers are leading a second wave of the 21st Century Yukon Gold Rush. Kinross Gold Corp., which operates the Fort Knox Mine in neighboring Alaska, was the first of the majors to grab a foothold in the Yukon when it acquired the White Gold property in 2009. The real rush of majors to the westernmost Canada territory, however,... Full story
Peak Gold, a joint venture between Contango ORE Inc. and Royal Gold Inc., completed roughly US$11.8 million of exploration in 2017 at Peak Gold (formerly Tetlin), an extensive land package in Eastern Interior Alaska located near the crossroads town of Tok. The Peak Gold property hosts high-grade skarn deposits with gold, silver, copper and other metals. Contango ORE discovered the metals potential of Peak Gold while surveying the area for natural gas in 2008. After a...
With two world-class metals deposits and strong partnerships Trilogy Metals Inc. aims to develop the Upper Kobuk Mineral Projects in Northwest Alaska into one of the highest grade copper mining districts on Earth. These high aspirations got a boost when South32 Ltd., a coal and base metals miner spun out of BHP Billiton, cut a US$150 million deal with Trilogy to earn up to a 50 percent interest in UKMP, a vast land package that blankets most of the renowned Ambler Mining...
Alaska's minerals exploration sector is on an upswing, thanks to Australian mining explorers looking north and mining majors upping their activities in the state. South32 Ltd., a Perth, Australia-based miner spun out of BHP Billiton Plc, is the largest mining company from Down Under to express an interest in Alaska's mineral potential this year. South32, which has eight operating mines in the Southern Hemisphere, secured an option to acquire a 50 percent interest in Trilogy... Full story
Contango ORE Inc. Nov. 10 reported that Royal Gold Inc. has invested US$28.7 million into the Peak Gold project in eastern Alaska, which nears the US$30 million required to earn a 40 percent joint venture interest in the project. Once Royal Gold has earned its interest, Contango ORE will pay 60 percent of the expenditures at Peak Gold, formerly known as the Tetlin project, and Royal Gold will pay 40 percent. Contango ORE recently raised US$1.2 million through the exercise of...
In a framework agreement announced on Dec. 18, First Quantum Minerals Ltd. was revealed as the major mining company that will complete the Pebble Limited Partnership. "We have made good progress in the partnering process and are very pleased to be in advanced-stage discussions with First Quantum, an industry leader in mine development and management," Ron Thiessen, president and CEO, Northern Dynasty Minerals Ltd., currently the sole owner of the Pebble Partnership. While the...
Just how big is the high-grade Bornite copper deposit in Northwest Alaska? This is one question that South32 Ltd. wants to know as it considers paying Trilogy Metals Inc. US$150 million for a 50 percent interest in the Upper Kobuk Mineral Projects, an extensive land package that encompasses Bornite, the Arctic Mine project and dozens of other high-grade metals deposits and prospects in the Ambler Mining District. While it will likely be many years before the full scope of...
For the first time in five long years, the mood at the recently held Alaska Miners Association Convention in Anchorage was buoyant, the result of a slow but steady turnaround on mineral investments in the state. Additional new corporate interest in the state emerged during the past 30 days, and sources of exploration funds coming to Alaska continue to shift, with estimates for 2017 suggesting that 62 percent of this financing comes from Canadian concerns, 18 percent from... Full story
