The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 23 of 23
Armed with new leadership and a plan to rapidly explore and develop its lithium prospects in Canada, Li-FT Power Ltd., set out in late 2022 on a bold quest to confirm historical prospects of lithium near the capital of Northwest Territories. While aggressive, the move was far from lacking precedent. Yellowknife, after all, has a history of delivering mineral riches, most notably upwards of 12 million ounces of gold from the legendary Con and Giant mines throughout much of the...
The Northwest Territories capital city of Yellowknife is emerging as a northern link in North America's electric vehicle supply chain. Already home to Canada's only rare earths mine, a 160-kilometers (100 miles) area around this northern mining town happens to be enriched with the lithium and cobalt that is in massive demand for EV batteries, along with numerous other minerals critical to both Canada and the United States. A roughly 9,600-square-kilometer (3,700 square miles)...
Challenged by a global pandemic and a particularly wet summer, many of Northern British Columbia's mineral explorers became adept to adjusting on the fly as they endeavored to unlock the rich precious, base, and battery metals potential of this section of the Pacific Cordillera. With companies like Skeena Resources Ltd. and Ascot Resources Inc. running year-round drill programs as they seek to establish a new era of gold-silver mines at historic operations in the Golden Triang...
Enduro Metals Corp. is focused on expanding the gold, silver, and copper mineralization being exposed by the rapidly retreating glaciers on its 638-square-kilometer (246 square miles) Newmont Lake project in British Columbia's Golden Triangle. Formerly known as Crystal Lake Mining Corp., in mid-2020 this exploration company changed its name to Enduro Metals to reflect the persistence and optimism of the company's new leadership. Situated about 30 kilometers (19 miles)...
Enduro Metals Corp. (formerly Crystal Lake Mining) Oct. 21 reported high-grade gold and copper in the first batch of results from its drilling along the McLymont fault on its 648-square-kilometer (246 square miles) Newmont Lake project in British Columbia's Golden Triangle. Much of this year's drilling targeted the northeast extension of NW Zone, an area along the McLymont fault that hosts 1.4 million metric tons of historical resource containing 6.79 million pounds of...
Crystal Lake Mining Corp. June 22 reported the first high-grade gold mineralization, along with additional copper, gold, silver, zinc, and lead mineralization tapped while testing three target areas at Burgundy Ridge on the company's 551-square-kilometer (213 square miles) Newmont Lake property in British Columbia's Golden Triangle. Situated about 30 kilometers (19 miles) northwest of Skeena Resources' Eskay Creek project and about the same distance southeast of Teck...
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...
Crystal Lake Mining Corp. Sept. 18 announced results from a hole that cut shallow high-grade gold mineralization at the NW Zone on the company's Newmont Lake property in British Columbia's Golden Triangle. Situated about 30 kilometers (19 miles) northwest of Skeena Resources' Eskay Creek project and about the same distance southeast of Teck Resources and Newmont Goldcorp's Galore Creek project, Newmont Lake is in an area known for copper and gold deposits. NW Zone, which is...
Crystal Lake Mining Corp. Sept. 4 reported rich copper mineralization in core and from outcrop freshly exposed from the rapid retreat of snow and ice on its Newmont Lake project in British Columbia's Golden Triangle. Situated about 30 kilometers (19 miles) northwest of Skeena Resources' Eskay Creek project and about the same distance southeast of Teck Resources and Newmont Goldcorp's Galore Creek project, Newmont Lake is in an area known for copper and gold deposits. NW Zone,...
Crystal Lake Mining Corp. June 12 said a large copper-gold porphyry target area with high-grade gold potential, known as Chachi Corridor, has been outlined on the eastern side of its Newmont Lake project in the heart of British Columbia's Golden Triangle. Located about 30 kilometers (19 miles) northwest of Skeena Resources Eskay Creek project and about the same distance southeast of Teck Resources and Newmont Goldcorp' Galore Creek project, Newmont Lake is in an area known for...
Crystal Lake Mining Corp. April 1 announce the closing of a C$4.6 million financing, which will primarily be used to fund a 2019 drill program at the Newmont Lake gold-copper-silver property in northwestern British Columbia. Located about 30 kilometers (19 miles) northwest of Skeena Resources Ltd.'s Eskay Creek project and about the same distance southeast of Teck Resources Ltd. and Newmont Mining Corp.'s Galore Creek project, Newmont Lake is in an area known for deposits...
Crystal Lake Mining Corp. is finding plentiful copper, gold and silver mineralization emerging from the rapidly retreating glaciers on its Newmont Lake project in British Columbia's Golden Triangle. Situated about 30 kilometers (19 miles) northwest of Skeena Resources' Eskay Creek project and about the same distance southeast of Teck Resources and Newmont Goldcorp's Galore Creek project, Newmont Lake is in an area renowned for world-class deposits rich in copper and gold. NW...
Canada is the world's top destination for mining exploration spending, attracting more than 14 percent of global budgeted expenditures from explorers seeking to tap the country's vast mineral wealth. Yet in 2017, the three huge mineral-rich territories to the north, Nunavut, Northwest Territories and Yukon Territory, lured only about C$360 million, or less than one-fifth of the roughly $2.1 billion that junior and senior mining companies invested in mineral exploration and dep...
Nunavut seems to be ahead of the curve when it comes to recovering from the global downturn in mineral exploration spending. An estimated C$202.5 million was invested in unlocking this Canadian territory's mineral potential in 2015. This 28 percent increase over the C$158 million invested in 2014 came at a time when most jurisdictions around the world were continuing a four-year trend of sharp drops in mineral exploration. While early estimates have Nunavut giving up some...
Endowed with some of the largest undeveloped mineral belts in the world, investment in public geoscience has shown the potential of Nunavut. The 2 million square kilometers (772,000 square miles) of the territory is geologically diverse and offers the potential for many commodities, including gold, diamonds, uranium, iron, base metals, nickel and platinum, making it an attractive destination for exploration. Although many new discoveries are yet to be made, existing mineral...
FARO - Legendary mineral explorer W. Douglas "Doug" Eaton hurried forward to greet the group of visitors clambering out of the MD900 helicopter as its whirring blades whipped miniature cyclones of dust in the air. Eaton - unlike many of the geologists, engineers and mining executives the group would meet during a weeklong tour of mine sites, exploration camps and conferences around Yukon Territory - grinned from ear to ear. The early part of the territory-wide mining tour also would include visits to the Einarson Project...
As a busy year in the Alaska and global mining industry starts to slide closer to its end, I figured now was a good time to gaze into my crystal ball (rutilated quartz, of course) to see what next year might bring. While strong metals prices promise another busy year for Alaska, a dose of global reality was provided by the financial giant Ernst & Young, who recently published a list of the top 10 business risks for the mining and metals industry for the coming year. Resource n...
For those of you who could not attend the Alaska Miners Association convention in Anchorage in early November, you missed what I understand was a record attendance and presentations on some of the most exciting mining developments in the last decade. In addition, I noticed a lot more business being conducted around the conference hotel than is normally the case. Geologists and engineers from companies large and small could be seen hunkered down over reports and maps with...
As the late, great Phil Rizutto used to say when something amazing happened on the baseball field: "Holy Cow!" The last month has seen an explosion of activity across Alaska with companies working in virtually every region on a diverse package of metals including gold, platinum group elements, silver, molybdenum, lead, zinc, copper and nickel. Several new companies have entered the exploration field in Alaska and several new partners have joined forces with previously active...
By most years' standards, the last month has been a barn burner for mining news. By 2006 standards it hardly measures on the Mining Industry Care-O-Meter, a highly subjective, totally unscientific measurement of what is happening in Alaska's mineral industry. In the last month we have seen the state's largest primary gold deposit resources increase to a mind-boggling 32 million ounces, we've seen one new mine begin commercial construction, we've seen one mine under construction receive a partial injunction against part of...
December, January and February are normally a time when the mining industry can stop and catch its collective breath, look into its often cloudy but well-used crystal ball and prepare for the coming year. Not so the last December, January and February! While 2004 results continued to pour in from projects large and small, plans for 2005 are well advanced and in some cases, already in full swing. Metals prices remained strong and even the most pessimistic prognosticators...
Calgary-based Golconda Resources Ltd., operator of the Shulin Lake diamond exploration joint venture, has concluded a spring drilling program conducted in March at the Southcentral Alaska property. About 25 miles due west of the Parks Highway and about 80 miles north of Anchorage, the Shulin Lake project is targeting a volcanic occurrence that has previously yielded micro-diamonds and diamond indicator minerals. It's the first known discovery of diamonds from a bedrock source in Alaska, according to joint venture partner...
Alaska's exploration season is well under way with drilling in progress at several locations and planning for the summer season proceeding at a frenetic pace not seen in more than five years. Anyone who has tried to line up a drill rig, a helicopter or a project manager will tell you the same thing: all are in short supply, even at this early point in the year. Projects under way and planned for the coming year include numerous gold projects, several base metal projects, a...
