The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 276 - 300 of 922
Heliostar Metals Ltd. March 1 announced that its 2020 drilling tapped gold mineralization between the historic Apollo-Sitka Mine on its Unga project in Southwest Alaska. Alaska's first hardrock gold mines, Apollo and Sitka produced roughly 150,000 oz of gold from high-grade epithermal veins from 1886 until around 1922, when the high-grade gold ore transitioned to more base metals-dominant mineralization. Despite historic exploration shafts demonstrating the vein continued...
HighGold Mining Inc. Feb. 11 announced that surface sampling has turned up zones of high-grade silver and copper at the Difficult Creek prospect about 2.5 miles (four kilometers) northeast of the JT deposit on the company's Johnson Tract property in Southcentral Alaska. While drills were expanding upon the high-grade gold, copper, and zinc mineralization at JT, HighGold geologists carried out a large-scale regional reconnaissance program across the 21,036-acre (8,513...
Heliostar Metals Ltd. reported two zones of strong mineralization from the first hole the company drilled into the Aquila target on its Unga project in Southwest Alaska. In November, Heliostar reported that this hole, AQ20-01, cut 3.6 meters averaging 4.46 grams per metric ton gold and 6.8 g/t silver from a depth of 37.6 meters. Further assay results show this hole tapped more robust mineralization over broader depths further downhole. At 46.6 meters, hole AQ20-01 cut 17.4...
Australia-based Discovery Africa Ltd. Feb. 22 announced the staking of 308 state mining claims covering gold-silver-copper and tin-silver prospects in Southcentral Alaska. Known as the Chulitna project, this roughly 46-square-mile land package covers the Partin Creek and Coal Creek prospects about four miles west of the Parks Highway and about 155 miles north of Anchorage. This is just south of Avidian Gold Corp.'s Golden Zone project. Historical mapping, trenching, and rock...
PolarX Ltd. Feb. 10 reported that sophisticated and professional investors have committed to a A$5 million (US$3.9 million) financing that will fund further exploration of the Australia-based company's exploration at the Alaska Range gold-copper property and Humboldt Range gold-silver project in Nevada. "We are delighted with the response to our capital raising, particularly the strong support from our existing shareholders, and we welcome the new shareholders to our register,...
Millrock Resources Inc. Feb. 10 announce that it has staked 208 new state mining claims associated with the Treasure Creek and Ester Dome gold properties, expanding its total land position in the Fairbanks Mining District to approximately 49,900 acres. These Interior Alaska claims are subject to purchase agreements with Felix Gold Ltd., a private Australian gold explorer that is expected to gain a listing on the Australian Securities Exchange (ASX) in the coming months. Under...
Strong metal prices and an infusion of cash from notable resource investors helped to salvage much of a 2020 mineral exploration season in Alaska that became lethargic with disruptions, delays, and shelving of field programs infected by the COVID-19 pandemic early in the year. At its onset, 2020 was looking like it would be the best year for Alaska's mining sector in a decade. Australia-based mining companies were slated to invest nearly US$100 million in mineral exploration... Full story
For many mining companies eyeing prospects in Canada's far north, 2020 presented insurmountable challenges. But for the few explorers and producers focused on Northwest Territories, the year proved to be quite productive, even as a global coronavirus pandemic added expensive restrictions to already costly campaigns. Rigorous restrictions imposed by local and federal officials to quell potential outbreaks of the disease at mining camps and prevent its spread to local... Full story
Millrock Resources Inc. Jan. 12 announced that it has vended three of its Alaska gold exploration projects – Treasure Creek, Ester Dome, and Liberty Bell – to Alaska-based subsidiaries of Felix Gold Ltd., a newly formed Australian mineral exploration company. Millrock Resources President and CEO Greg Beischer said the team behind Felix Gold are well respected for their technical expertise and the respect of the financial groups in Australia. "It is a private company, but they...
White Gold Corp. continues its systematic exploration of dozens of targets it has identified across its more than 1-million-acre land package in Yukon's White Gold District. In June, the Yukon-focused gold exploration company announced that longtime strategic partners and new institutional investors are participating in a C$6 million financing that involves the issuance of 6.67 million flow-through shares at C90 cents each. Gold majors Agnico Eagle Mines Ltd. and Kinross Gold... Full story
Agnico Eagle Mines Ltd. viewed the start of gold production from its Amaruq and Meliadine mines in Nunavut during 2019 as an inflection point that marked a new era for the company's endeavors in this geologically blessed, politically attractive, and stable northern Canadian Territory jurisdiction. The Toronto-based gold miner, however, did not envision this new era starting with a global pandemic that would suspend operations at its new mines and change the modus operandi at... Full story
White Rock Minerals Ltd. focused its 2020 exploration in Alaska on a potentially large gold system at Last Chance, a large target toward the western end of the Australian mineral explorer's Red Mountain property in Alaska. While Red Mountain is best known for its zinc-rich volcanogenic massive sulfide deposits and occurrences, this 308-square-mile (798 square kilometers) property about 60 miles (100 kilometers) south of Fairbanks lies within the Tintina Gold Belt, a... Full story
A relatively young mineral exploration company led by a veteran team noted for their success in advancing Coffee Gold in the Yukon from a grassroots discovery to a roughly 5-million-ounce gold mine project, Tectonic Metals Inc. is exploring the overlooked gold potential Alaska has to offer. Formed as a private company in 2018 and taken public on the TSX Venture Exchange towards the end of 2019, Tectonic has already built an impressive portfolio of gold properties and strong... Full story
Western Alaska Copper & Gold focused it's 2020 program on investigating the potential of restarting operations at the past producing Illinois Creek gold-silver mine near the Yukon River about 65 miles southwest of the town of Galena and 120 miles north of the Donlin Gold Mine project. In 2018, Western Alaska and Piek Exploration formed a joint venture to consolidate the entire Illinois Creek district, a 34,240-acre land package that blankets the Illinois Creek mine project;... Full story
Australia-based PolarX Ltd. has refocused its Alaska exploration on the Zackly high-grade copper-gold-silver skarn on its roughly 100-square-mile (261 square kilometers) Alaska Range property. Blanketing 22 miles (35 kilometers) of copper-rich geology stretching across the southern slopes of the mountains for which it is named, Alaska Range consists of two adjacent copper and precious metal projects – Stellar and Caribou Dome. Zackly skarn is found in the middle of a 7... Full story
Surpassing 4 million ounces of gold production and roughly another 6.7 million oz in the ground, the Pogo Mine in Alaska is a rising star in Australia-based Northern Star Resources Ltd.'s growing portfolio of gold assets. The February pouring of the 4 millionth ounce of gold recovered from rich deposits at Pogo was a milestone that seemed to mark a changing of the guard for this operation that is transitioning to a renewed life under Northern Star ownership. "It is awesome... Full story
Australian explorer Nova Minerals Ltd. is rapidly building on the multi-million-ounce gold resource it has outlined on its flagship Estelle project in Alaska. Located about 100 miles (160 kilometers) northwest of Anchorage, Alaska's largest city, Estelle blankets 85 square miles (220 square kilometers) of gold-rich geology. While more than a dozen targets have been identified across the 18-mile- (29 kilometers) length of Estelle, Nova focused its 2020 drilling on the Korbel de... Full story
Attracting the attention of some of the biggest names in the resource investment world, HighGold Mining Inc. raised C$13.8 million in July to fund an expanded drill program at its Johnson Tract gold project in Southcentral Alaska. HighGold Mining was formed in 2019 to explore gold properties spun out of Constantine Metal Resources that included Johnson Tract. Situated on Cook Inlet Region Inc., or CIRI, land about six miles west of Cook Inlet and roughly 125 miles southwest... Full story
Coeur Mining Inc. invested heavily in exploration during 2020, including robust programs at its Kensington gold mine in Alaska and Silvertip mine project in British Columbia. After investing US$21 million in exploration at six projects in the U.S., Canada, and Mexico during the first half of the year, the Chicago-based miner increased its total 2020 exploration budget to US$54 million. "We significantly increased our investment in exploration to test these targets in 2020,... Full story
Constantine Metal Resources Ltd.'s 2020 program focused primarily on exploring the hardrock source of Porcupine gold placer mining on its Palmer project in Southeast Alaska. Constantine has traditionally focused its exploration on the discovery and expansion of volcanogenic massive sulfide deposits at Palmer. This work has outlined 4.68 million metric tons of indicated resource averaging 5.23% (539 million pounds) zinc, 1.49% (154 million lb) copper, 30.8 grams per metric ton... Full story
Kenorland Minerals Ltd., which has been exploring the Tanacross porphyry copper-gold project in eastern Alaska as a private company for several years, is now a publicly listed company with a strong treasury and extensive portfolio of mineral exploration projects in Quebec and Alaska. "We are extremely excited to begin this next chapter of Kenorland Minerals," said Kenorland Minerals President and CEO Zach Flood. "The company has grown significantly since our inception in 2016...
PolarX Ltd. Dec. 17 reported that its 2020 drilling continues to encounter near-surface copper-gold mineralization at Zackly East, and geophysics has identified a new porphyry target associated with the high-grade skarn mineralization the company expanded this year on its Alaska Range property. Covering a 22-mile (35 kilometers) copper-rich trend along the southern slopes of the mountains for which it is named, Alaska Range consists of two adjacent copper and precious metal...
White Rock Minerals Ltd. Dec. 21 announced that 2020 stream sediment sampling identified a large, robust gold anomaly west of the Last Chance gold target on the company's Red Mountain project in Alaska. Best known for its zinc-rich volcanogenic massive sulfide (VMS) deposits and occurrences, the 308-square-mile (798 square kilometers) Red Mountain property lies within the Tintina Gold Belt, a particularly gold-rich province that sweeps across Canada's Yukon Territory and...
America's supply of tungsten, an extremely durable metal that is vital to a broad range of American industrial sectors, is at high-risk. A recent U.S. Geological Survey assessment to identify which mineral commodities are most at risk to supply disruptions ranked tungsten near the top of the list – alongside rare earth elements, cobalt and graphite, platinum group metals and tungsten. Like many of its neighbors at the top of the mineral commodity supply risk list, much of the... Full story
The United States imported more than 90% of the 1.4 million metric tons of titanium minerals it consumed during 2019. What the mass majority of this critical mineral was used for, however, may come as a surprise. While titanium's lightweight and extreme durability make it an excellent material for aircraft and high-performance sporting equipment, more than 90% of this mineral mined each year is used to impart a stark whiteness to a surprisingly wide variety of consumer goods w... Full story
