The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 226 - 250 of 395
Seabridge Gold Inc. Sept. 24 reported that following delays caused by adverse weather and an unprecedented fire season in British Columbia, the company is back on track to meet its 2018 exploration goals at the KSM gold-copper project in the Golden Triangle. "Weather conditions were far different this year than what we have experienced at KSM over the past decade, forcing us to make program adjustments on the fly. Also, the unprecedented fire activity throughout the province...
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...
A dearth of infrastructure in Canada's northern territories is proving to be a severe hindrance to mine development in mineral provinces ranked by many among the most attractive and stable in the world. The lack of roads, ports, power, telecommunications and land access north of the 60th parallel in Canada dominated discussions at an annual gathering of the country energy and mining ministers, held in Iqaluit, Nunavut Aug. 12-14. "Our opportunities are hindered by...
Teck Resources Ltd. July 26 reported that the Red Dog Mine in Northwest Alaska produced 153,600 metric tons (338.6 million pounds) of zinc during the second quarter. This is 26 percent more zinc than was produced during the first quarter and a 20 percent increase over the same period last year. Teck Resources President and CEO Don Lindsay attributes the higher zinc output "to higher-grade ore and improved recoveries." The 25,700 metric tons (56.7 million lb) of lead produced...
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...
The Fort Knox Mine will continue churning out gold until at least 2030, thanks to Kinross Gold Corp.'s decision to move ahead with the development of Gilmore, an expansion project immediately west of the open-pit mine that has provide ore to the Interior Alaska operation for 22 years. "This go-ahead decision for Gilmore represents collaboration, hard work and dedication coming to fruition, and it wouldn't have been possible without the contributions of many," said Fort Knox...
Cobalt is an essential ingredient to optimizing the performance of batteries in the growing number of electric vehicles on global highways, yet essentially none of this battery metal is mined in the United States. With at least one advanced stage exploration project in Alaska looking into the potential of producing cobalt alongside its copper, America's 49th State could provide a domestic source for this critical metal. In its annual report, Mineral Commodity Summaries 2018,...
White Gold Corp. is eager to expand known gold deposits and make news discoveries across the roughly 1 million acres (390,000 hectares) of prospective lands it holds in the Yukon's White Gold District. About half of this year's C$9 million exploration program is focused on regional targets across the extensive land holding, including more than 100 rotary air blast (RAB) drill holes, airborne geophysical surveys, over 22,000 soil samples and other exploration activates. The...
Goldstrike Resources Ltd. May 16 announced plans to spin its six properties in Yukon's White Gold District, Yukon into a subsidiary to be known as Luckystrike Resources Ltd. Goldstrike said shifting the White Gold District properties into a separate public company will position these gold assets to be valued on a standalone basis and will allow Goldstrike management to focus on that company's strategic partnership with Newmont Mining Corp. on the Plateau gold property. "We...
Goldstrike Resources Ltd. April 30 reported that Newmont Mining Corp. is funding up to 10,000 meters of drilling at the expansive Plateau gold property in the Yukon. Early last year, Newmont cut a C$53 million deal to earn up to a 75 percent stake in the expansive and gold-rich Plateau property by paying Goldstrike C$8 million and investing C$38.8 million to explore the gold property over the next decade. The agreement included a C$6 million private placement financing under...
An early spring coupled with low snow fall in many parts of Alaska have combined to enable companies large and small to start their summer field programs early this year. As expected, competition is stiff for people, drills, helicopters, heavy equipment and related services, awarding those who committed budgets early and penalizing those who did not or could not commit early. For the first time in half a decade, projects with money at hand may not be able to get the services t...
While Pogo has surpassed its original life expectancy of 10 years and 3 million ounces of gold, the air of excitement emanating from the miners, geologists and management indicates that mining is just getting started at this high-grade underground gold mine in the heart of Alaska's Interior. Churning out 271,273 oz of gold from roughly 950,000 tons of ore in 2017, Pogo is on pace to pour its 4-millionth ounce of gold early in 2019 and based on current estimates would have enou...
Born from an idea to create a vehicle that could provide Alaska businesses lower interest rates offered by tax-exempt financing, the Alaska Industrial Development and Export Authority, or AIDEA, has been doing its part to create jobs and bolster Alaska's economy for five decades. "Fifty years ago, the Alaska State Legislature created the Alaska Industrial Development and Export Authority, to develop, encourage, and improve the economic potential and welfare of the people of...
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...
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...
Although the Bureau of Land Management has been developing land management plans for decades, in the past those plans have had two qualities that made them tolerable. First, they were relatively easy to live with and second, they were reasonably understandable. There can be no doubt, however, that the earlier plans violated unequivocal prohibitions of the Alaska National Interest Lands Act against restrictive land management practices on the public domain. During the past deca...
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...
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...
With financial and technical backing from Agnico Eagle Mines Ltd. and Kinross Gold Corp., legendary prospector Shawn Ryan has set out to finish what he started in Yukon's White Gold District. To accomplish this objective, Ryan has put roughly 1 million acres (390,000 hectares) of the White Gold District into White Gold Corp., a newly formed exploration company that owns claims covering roughly 40 percent of this promising gold region. Of the dozens of White Gold prospects...
Millrock Resources Inc. is a project generating mineral exploration company with seven projects in Alaska, three in British Columbia, 15 in Mexico and one in New Mexico. In Alaska, Millrock struck a deal with Kinross Gold Corp. that provides the major the option to earn a 70 percent joint venture interest in Liberty Bell, a road-accessible project about 70 miles southwest of Fairbanks that is prospective for copper-gold porphyry and associated gold deposits. Previous work at...
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...
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...
Goldstrike Resources Ltd. Dec. 11 reported that Newmont Mining Corp. plans to complete up to 10,000 meters of drilling during the 2018 program at the Plateau gold property in the Yukon. In March, Newmont cut a C$53 million deal to earn up to a 75 percent stake in the expansive and gold-rich Plateau property by paying Goldstrike C$8 million and investing C$38.8 million to explore the gold property over the next decade. The agreement included a C$6 million private placement...
For the past 20 months or so, the Department of Natural Resources (DNR) has been wrestling with some proposed changes to the regulations concerning the location and maintenance of State of Alaska mining claims. This effort has been driven by some substantial issues that have arisen with the interpretation of the regs over the past several years as well as some significant open questions. The current proposed changes can be obtained from the DNR's website, but the process is...
For the past 20 months or so, the Department of Natural Resources (DNR) has been wrestling with some proposed changes to the regulations concerning the location and maintenance of State of Alaska mining claims. This effort has been driven by some substantial issues that have arisen with the interpretation of the regs over the past several years as well as some significant open questions. The current proposed changes can be obtained from the DNR’s website, but the process is s...
