The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 876 - 900 of 1467
Freegold Ventures Ltd. is testing the idea that a large and previously unrecognized porphyry deposit could lie beneath its Shorty Creek property in the Livengood Mining District of Interior Alaska. Earlier this month, the exploration company raised C$1.35 million to fund a 3,000- meter drill program that could provide definitive evidence that various zones of copper, gold and molybdenum found across the 26,000-acre Shorty Creek land package are actually pieces of one porphyry...
The Red Chris copper-gold mine in northwestern British Columbia has received final approvals necessary for commercial operation, marking the sixth new mine to open in the western province since 2011. “This is a significant achievement made possible through a tremendous amount of collaboration between Imperial Metals Corp., the Tahltan Central Council and this government,” B.C. Minister of Energy and Mines Bill Bennett said June 19 while announcing full production at Red Chr...
Pretium Resources Inc. plans to begin mining the high-grade gold from the Valley of the Kings deposit of its Brucejack gold-silver project in northwestern British Columbia by 2017. The junior achieved two key permitting milestones - obtaining a provincial Environmental Assessment Certificate and a positive Environmental Assessment Decision Statement from the federal Minister of the Environment - in 2015. Once in production, a high-grade underground operation at Valley of the Kings is expected to produce 7.3 million ounces of...
As exploration across most of the North continues to trend downward, the Yukon Territory is celebrating the second straight year of increased spending. Early estimates put exploration in Yukon at about C$99 million for 2015, up roughly 20 percent over the C$80 million spent last year. With a wide swath of zinc-rich deposits in the Selwyn basin, a number of copper-rich porphyries in the Dawson Range, platinum group metal-nickel deposits in the southwest and gold deposits...
Nunavut's landmass, including the internal waters and offshore lands as legislated by the Nunavut Act, occupies about the size of Greenland or Saudi Arabia. As a proportion of Canada it accounts for roughly one-fifth of the land mass and the territory could contain an equal share of its natural resources. At least half of Nunavut is not properly mapped at a detailed scale in comparison to the rest of the country. However, the federal and territorial government is investing in geological mapping. This allows Nunavut to compete...
Thanks largely to its burgeoning mining sector, Nunavut is leading the Canadian territories in economic growth. With the start-up of the Mary River iron mine late in 2014, Nunavut now has two operating mines and a number of advanced stage gold, uranium, diamond and base metals projects poised to join the ranks in the coming years. "All in all, real gross domestic product (in Nunavut) is expected to grow by 3.8 percent in 2015, the highest rate of growth among the provinces...
Since acquiring Amaruq in 2013, Agnico Eagle Mines Ltd. has elevated the Nunavut property from an intriguing grassroots prospect to a 2-million-ounce gold deposit that could follow the company's Meadowbank Mine as a successful venture in Nunavut. "While it is still at an early stage of exploration, in less than two years, the Amaruq property has advanced from a grassroots discovery to a project that now hosts a significant and growing inferred gold resource. We also see good...
In 2015, junior exploration companies working in Yukon continued to weather the storm of depressed metal prices and cautious markets. Despite the lack of market enthusiasm, exploration spending maintained historically high levels at C$100 million; although one project, the Selwyn-Chihong Selwyn lead-zinc project in eastern Yukon, accounted for 40 percent of the spending. More than 80 exploration programs were undertaken in the territory, ranging from small grassroots projects to multimillion-dollar programs on advanced...
CTGO:OTC MARKETS President and CEO: Brad Juneau Chief Financial Officer: Leah Gaines Contango ORE Inc. has forged an alliance with Royal Gold Inc., a company that promises to invest as much as US$30 million in furthering the exploration and potential development of the Tetlin gold properties situated along the Alaska Highway near the crossroads community of Tok in eastern Alaska. Since acquiring the property in 2008, Texas-based Contango ORE has identified a number of precious and base metal targets across the 750,000-acre...
HL: NYSE President and CEO: Phillips Baker Jr. Chairman: Ted Crumley Senior VP, Exploration: Dean McDonald The low cost of producing silver at the Greens Creek Mine in Southeast Alaska is helping Hecla Mining Co. weather low metals prices. In addition to Greens Greek, the Idaho-based miner operates the Lucky Friday silver mine in Idaho and the Casa Berardi gold mine in Quebec. In June, Hecla bought Revett Mining Co. in an all-share transaction valued at roughly US$19 million. Hecla now owns the Rock Creek mine project in...
MRO: TSX.V President and CEO: Gregory Beischer Chief Exploration Officer: Philip St. George Through careful execution of the project generator model, Millrock Resources Inc. has built a portfolio of grassroots mineral prospects in Alaska, New Mexico and Mexico. In finding joint venture partners to help fund exploration, the project generator model lessens Millrock's need to raise money in tight equity markets, minimizes the risks involved with grassroots exploration and exposes shareholders to a larger amount of exploration e...
TerraX Minerals Inc. Sept. 23 reported that it has staked an eight-kilometer (five miles) extension of the Yellowknife Greenstone Belt, immediately south of the historic Con Mine. This newest addition to TerraX's Yellowknife City Gold project consists of five claims totaling 16.7 square kilometers (6.4 square miles). During a two-day reconnaissance program on the northeastern third of the Southbelt property prior to staking, 12 structures were noted and 44 grab samples were...
Copper North Mining Corp. Sept. 23 reported results from drilling at Zone 13 of the Carmacks copper-gold-silver project in the Yukon Territory. Results from 13 holes have confirmed a near-surface zone of oxide copper, as well as a transition zone with native and sulphide copper mineralization that remains open along strike and to depth. Highlights from this drilling include 31.3 meters of 0.8 percent copper, 01.8 grams per metric ton gold and 2.57 g/t silver in hole CN15-13;...
Millrock Resources Inc. has cut a deal to buy the Apex-El Nido property, home to two historical high-grade gold mines in Southeast Alaska that have largely been forgotten. Located on Chichagof Island, about 70 miles southwest of Juneau and about the same distance northwest of Sitka, the Apex and El Nido mines churned out at least 17,000 ounces of gold from ore that averaged about 1.4 ounces per-ton gold during spurts of mining carried out between 1922 and 1940. While very...
By the time this summary reaches your eyes, termination dust (aka "snow") will have started to cover mineral projects across Alaska. At a recent project site visit, one of the project owner's representatives was listening to local Alaskans talk about not being ready for winter, how many things planned for the summer remained un-done, etc. After some cogitation on this, he asked me "Does everyone in Alaska get surprised by winter every year?" My response was simple: When you...
Copper North Mining Corp. Sept. 8 reported results from the first eight of 22 holes drilled at the Carmacks copper-gold project, Yukon. These holes cut oxide and sulphide copper mineralization at the 2000S structural zone, which is located 400 meters south of the edge of the proposed open-pit. The detailed drilling has confirmed the continuity and quality of these zones and the potential for expansion of mineral resources at Carmacks. Highlights from the drilling include:...
If another US$4 million investment by Royal Gold Inc. is any indication, drilling so far this season at the Tetlin gold property in Interior Alaska is a success. In January, Royal Gold and Contango Ore Inc. finalized an agreement that affords the Denver-based royalty company an opportunity to earn as much as a 40 percent joint venture interest in Contango's Tetlin project by investing up to US$30 million on the unique and promising gold properties near the crossroads town of...
On the final leg of his three-day tour of Alaska, President Barack Obama visited Dillingham and Kotzebue, two remote Alaska communities with starkly different views on the development of Alaska's rich mineral endowment. On Sept. 2, Obama travelled to Dillingham, the largest community in the Bristol Bay region of Southwest Alaska and ground zero of the movement to prevent the development of Pebble, a world-class mineral deposit that contains an estimated 81 billion pounds of...
Embattled federal employees conveniently losing emails that could bear witness to potentially negligent or illegal activities have become an increasingly frequent storyline. But seldom does the email's author disappear with the corrupted data. This seems to be the case with Phillip North, a former U.S. Environmental Protection Agency biologist accused of secretly colluding with private sector activists to stop the development of a mine at the Pebble copper-gold-molybdenum...
Capstone Mining Corp. Aug. 5 said it has received a new water use license needed to begin stripping the high-grade, shallow Minto North deposit at its Minto copper mine Yukon Territory. "Access to the high-grade mineralization at Minto North will have a very positive impact on the continuation of jobs and economic benefit in Yukon, said Capstone President and CEO Darren Pylot. "The mining of the Minto North deposit also makes a significant contribution to the economics of the...
Mining is a notoriously cyclical business that generally ebbs and flows with the overall state of the global economy, and these cycles are amplified for junior mining companies charged with scouring the globe for the next generation of mines. Following a bull market that reached a crescendo at the end of 2010, the current bear market has been especially deep and painful for even seasoned mining sector veterans. "This has been a particularly treacherous bear market," longtime...
Less than three months after a pending sale of its Whistler property in Southcentral Alaska fell through, Kiska Metals Corp. has found a new buyer for the advanced-stage copper-gold exploration project. Under a binding agreement announced last week, Brazil Resources Inc. will issue Kiska 3.5 million shares in exchange for full ownership of Whistler, including the mining claims and other assets belonging to the project. Brazil Resources' shares were trading at C46 cents per...
Copper North Mining Corp. July 20 said drilling is underway at its Carmacks copper-gold project in central Yukon Territory. The drilling will focus on both new exploration targets identified during the past month of detailed geophysical targets and definition drilling of several of the mineral zones to expand mineral resources. The Carmacks project currently hosts 11.98 million metric tons of measured and indicated resource grading 1.07 percent copper, 0.46 grams per metric...
First Quantum Minerals Ltd. has agreed to invest US$2 million on a drill program aimed at further investigating the potential of Millrock Resources Inc.'s highly-prospective copper-gold project in western Alaska. The roughly 500,000-acre property extends about 75 miles from Stepovak Bay near the southwestern end of the Alaska Peninsula to a few miles north of Chignik Bay, one of the primary ports in the area. Millrock optioned the property in 2012 from Bristol Bay Native...
Copper North Mining Corp. July 2 reported that metallurgical work shows that a finer crush and higher temperatures improve the efficiency for recovering the copper, gold and silver at its Carmacks project in Yukon Territory. A new processing plan consists of crushing to minus-19 millimeters, followed by rod mill grinding to minus-1 then acid leaching copper in an agitated leach tank, followed by gold and silver leaching in similar tanks. The copper leachate is to be processed...
