The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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White Gold Corp. April 25 announced an updated mineral resource estimate for its flagship White Gold project which has added the Ryan's Surprise and VG deposits to the tally, reaffirming its indicated category and swelling the amount of gold in the inferred resource category by 41%. "We are very pleased with the significant increase in our mineral resources," said White Gold CEO David D'Onofrio. "In a relatively short period of time, we have delineated a very large gold...
Alaska's unparalleled potential to be a major domestic supplier of the minerals and metals critical to the clean energy transition attracted some of North America's top commodities investors and analysts to Anchorage for the second annual Alaska Sustainable Energy conference. The 49th State's rich mineral resources, however, may remain on lockdown due to a "permitting pandemic" that plagues not only Alaska but the entire United States. "Our country is suffering from a...
Klondike Gold Corp. June 19 announced that new academic research is providing insights into exploring for the lode source of the nearly 20 million ounces of placer gold recovered from the streams draining the company's Klondike District property in Yukon, Canada. Located roughly 20 kilometers (12 miles) southeast of Dawson City, the Klondike District Gold Project is comprised of 3,913 quartz claims in one contiguous land package covering 727 square kilometers (452 miles) of...
Merged company will hold several world-class gold, copper assets in Northern BC's Golden Triangle. In a deal that will bring together several world-class copper and gold projects in British Columbia's Golden Triangle, Newmont Corp. and Newcrest Mining Ltd. have agreed upon a merger worth A$28.8 billion (US$19.3 billion) to Newcrest shareholders. "The combination of Newmont and Newcrest represents an exceptional value proposition for shareholders and other stakeholders," said N...
Let's talk about electric car batteries, their mineral content, the source of the minerals, and where those minerals are refined. Generally speaking, according to a recent piece in the Washington Post, electric car batteries weigh about 900 pounds – 900 pounds of minerals that have to be mined, refined, combined and shaped, fitted and installed into cars – cars that are being pushed onto the American public because they don't require polluting gasoline. We are told that electr...
Vital Metals CEO resigns after just 4 months; Ucore adds former Vital top executive to its growing team. With former Vital Metals Ltd. Managing Director Geoff Atkins joining the team at Ucore Rare Metals Inc. and John Dorward tendering his resignation as director and CEO of Vital, this week saw a carousel of executive changes at rare earths companies with ties to the North of 60 Mining area. Under Atkins' leadership, Vital transformed the Nechalacho deposit in Northwest...
Li-FT Power Ltd. March 22 announced that it has raised C$35 million (US$25.5 million) for exploration of its lithium properties in Canada, including the company's flagship Yellowknife Lithium project in Northwest Territories. Li-FT is a new junior exploration company formed early last year to explore and develop projects for hardrock lithium, which is in high demand for the batteries powering electric vehicles. After picking up some promising projects in Quebec, the company ac...
From competing offers for an exploration company with large and intriguing mineral projects in the Yukon, to the world's largest gold miner making a US$17 billion bid to buyout an Australian mining company with two producing assets in British Columbia's Golden Triangle, February was a big month for mergers and acquisitions in the North of 60 Mining News coverage area. Three M&A proposals were put forward in February that would create a shift in the North of 60 mining sector...
ANCHORAGE, Alaska: Gathering together leaders, decision-makers, and experts toward the common goal of understanding the value of Alaska's mineral endowment and how to unlock it for America's net-zero emission goals, the U.S. Department of Energy's Office of Fossil Energy and Carbon Management hosted a two-day workshop bringing attention to carbon management and critical minerals and how the Last Frontier will be a keystone in achieving the country's lofty ambition. Held at...
Seeking a balance between their traditional lifestyle and economic opportunities that allow their villages and the people that live there to thrive, the tribal councils of Allakaket and Huslia have unanimously voted to withdraw from a lawsuit against a federal decision to issue permits for a road to the Ambler Mining District in Northwest Alaska. "Our council and community have considered both the concerns and potential benefits from the responsible development of our lands,"...
With 50M oz from Keno Hill, Hecla's silver reserves top 240M oz in 2023. With the addition of the Keno Hill Mine in the Yukon, Hecla Mining Company now has more than 240 million ounces of silver in reserves, the highest in the company's 131-year history. "Hecla's silver reserves are an all-time high," said Hecla Mining CEO Phillips Baker, Jr. For more than a decade, it has become customary for Hecla's exploration team to find enough new ore at its operations to more than repla...
In what could be the most consequential "pollice verso" for Alaska, in a time when the federal government is seeking to shift the paradigm from more than a century of petroleum dependency to clean renewable energy, the Environmental Protection Agency issued its final determination under the Clean Water Act to help protect Bristol Bay, invariably crippling the more than two decades of effort toward establishing a mine at the world-class copper-gold-molybdenum-silver-rhenium...
White Gold Corp. Feb. 23 announced the latest batch of assays shows that the 2022 diamond drilling program on the Ryan's Surprise and Ulli's Ridge targets intersected multiple zones of gold mineralization between the untested region of both, suggesting a larger footprint within the 6.5-kilometer- (4 miles) long trend on the company's namesake White Gold District, Yukon. Located roughly 95 kilometers (59 miles) south of Dawson City and practically next door to Western Copper...
Blackwolf Copper and Gold Ltd. Feb. 16 announced, after more than a decade, an updated mineral resource estimate for its Niblack property in Southeast Alaska. "Our updated mineral resource estimation includes subsequent rounds of drilling as compared to the previous 2011 mineral resource estimate as well as cost parameter guidance from current underground operations, in accordance with the new CIM (Canadian Institute of Mining, Metallurgy and Petroleum) guidelines," said...
Barrick, Novagold now considering updated feasibility study for world-class gold project. To round out a large and highly-successful 2022 program at Donlin Gold, project partners Novagold Resources Inc. and Barrick Gold Corp. reported additional high-grade gold intercepts in the final batch of assays from last year's drilling at the world-class gold mine project in the Yukon-Kuskokwim region of Southwest Alaska. Being advanced toward a production decision by Donlin Gold LLC...
Looking to expand the resources at the Yellowknife City Gold projects, Gold Terra Resource Corp. 2022 exploration included drilling on its Con Option and Northbelt properties, which are part of a 309-square-mile (800 square kilometers) land package that covers roughly 43 miles (70 kilometers) of the Yellowknife greenstone belt in Northwest Territories. Gold Terra began accumulating this district-scale land package in 2013, with the Northbelt property that extends north from...
With drills tapping up to 42.3 meters of 30.68 grams per metric ton gold, the 2022 exploration season at the world-class Donlin Gold mine project in Southwest Alaska has been exciting and rewarding, but expected, for partners Novagold Resources Inc. and Barrick Gold Corp. Being advanced toward a production decision by Donlin Gold LLC – a joint venture owned equally by Novagold and Barrick – this enormous project hosts 541.3 million metric tons of measured and indicated resourc...
To better match the world-class size of its Graphite Creek deposit in Alaska to the enormous demand for the graphite going into lithium-ion batteries powering the electric vehicle revolution, Graphite One Inc. is considering a significantly larger advanced graphite materials supply chain in the United States. Last year, S&P Global Platts forecast that by 2030 it will take 5 million to 6 million metric tons of graphite to meet annual global demand for this carbon material that...
Following three generations of exploration spanning four decades, Sabina Gold & Silver Corp. is moving forward with the development of the Goose gold mine on its Back River project in Nunavut, Canada. "This is a milestone decision for the company," Sabina Gold President and CEO Bruce McLeod said in September. A feasibility study that was updated in 2021 envisions a mine at the Goose deposit that will average roughly 223,000 oz per year. Over the entire 15 years of mining...
While a small group of dedicated explorers returned in 2022 to advance production and development projects in Nunavut, a growing number of newcomers fanned out across the northern territory in search of a variety of minerals. Some came seeking gold deposits like those being explored and mined by Agnico Eagle Mines Ltd., while others chased historical occurrences of newly designated critical metals, especially copper and certain base metals, now in high demand for...
Start with the biggest deposit of gold ever reported, add in a dash of remote, inaccessible jungles of Indonesia, and let simmer for almost a decade, and you have a recipe for the largest mining-related scandal in modern history, resulting in the system of standardization regarding mineral reporting for the last twenty years and ideally for many more years to come. It is easy to forget that the systems by which mining companies in Canada report and display information...
Li-FT Power Ltd., a relatively new junior exploration company led by a team with a track record of discovering and financing mineral projects, has acquired an exciting hardrock lithium project that covers most of the Yellowknife Pegmatite Province in Northwest Territories. The Yellowknife lithium project covers at least 14 pegmatites – igneous rocks with exceptionally large crystals that are the major source of hardrock lithium worldwide – on mineral leases that are 30 kil...
With mineral exploration expenditures nearly doubling over the past year, Nunavut has dethroned Yukon as the most popular Canadian territory to discover and expand deposits of industrial, precious, and critical minerals. According to preliminary estimates published by Natural Resources Canada, roughly C$232.4 million (US$173.7 million) will be spent on exploration and deposit evaluation in Nunavut this year, a 95% leap from over the C$119.2 million (US$89.1 million) invested...
The U.S. House Transportation & Infrastructure Committee released a report accusing proponents of the proposed Pebble copper mine in Southwest Alaska of carrying out a 'bait and switch' permitting scheme designed to evade regulations and develop an open pit mine in the watershed of Bristol Bay, Alaska. Chair of the Committee Rep. Peter DeFazio (D-OR), and Chair of the Subcommittee on Water Resources and Environment Rep. Grace F. Napolitano (D-CA) released a report titled, "NO...
A shortage of the graphite required for the lithium-ion batteries powering the transition to electric mobility is elevating the criticality of Graphite One Inc.'s plans to develop a mine in Alaska and advanced graphite processing and recycling facility in the Pacific Northwest. "Our strategy is to build a complete graphite anode supply chain – from mine to battery – located in the United States," said Graphite One CEO Anthony Huston. "And to complete the circular economy for...
