The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 376 - 400 of 922
An abnormally long fall has allowed the Alaska mining industry to extend seasonal work well into mid-October, creating a lot of new information about project work conducted around the state. Exploration efforts, in particular, benefitted from this additional field time. Based on information available to date, 2019 exploration expenditures are expected to be in the $135-140 million range, well ahead of the $120-125 million exploration spending tracked for 2018. In addition,...
White Rock Minerals Ltd. Oct. 29 said the last hole of its 2019 drill program at Red Mountain indicates the potential for significant resource expansion at this zinc-rich volcanogenic massive sulfide project in Interior Alaska. Two VMS deposits on the Red Mountain property – Dry Creek and West Tundra Flats (WTF) – host 9.1 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resources averaging 5.8 percent (1.17 billion pounds) zinc; 2.6...
PolarX Ltd. Oct. 21 reported that the encouraging porphyry copper mineralization encountered in the first hole at the Mars target on its Alaska Range property increased in intensity to the bottom of the hole. On Oct. 1, the Australia-based company announced that its Mars discovery hole, 19MAR001, cut roughly 300 meters of porphyry-style mineralization starting at a depth of about 5.3 meters. Today, the company said this visible copper and molybdenum mineralization increased...
Australia-based Northern Cobalt Ltd. has agreed to invest as much as US$20 million over the next four years to earn up to a 60 percent interest in Millrock Resources Inc.'s enormous land package covering highly prospective gold targets in Alaska's Goodpaster Mining District. Goodpaster has gained a lot of attention since Northern Star Resources Ltd.'s 2018 purchase of the Pogo gold mine at the heart of the district. While it has been just over a year since the acquisition,...
Millrock Resources Inc. Oct. 1 said it is investing the C$1.58 million it recently raised to position the company and its properties for expected improving markets for gold-focused exploration companies. "The moves Millrock has made over the past three months has positioned the company well for what appears to be a coming bull market in precious metals," said Millrock Resources President and CEO Greg Beischer. "We have developed an enviable gold project portfolio that is...
PolarX Ltd. Oct. 1 announced that drilling has tapped encouraging porphyry copper mineralization at the Stellar project, part of the Australia-based explorer's Alaska Range property. This Stellar copper, however, was not encountered at Saturn, the primary target of porphyry exploration at Alaska Range. Instead, this mineralization was identified in core from the first hole drilled at Mars, another porphyry target at the opposite end of a 7.5-mile- (12 kilometers) long...
If you have watched the metals markets over the last month, you know why Alaska's mineral industry has surged, stalled, swerved, swooped, slowed, shelved and stuttered, sometimes all at the same time! Gold has gone above US$1,500 per ounce; copper pundits are predicting an increasingly dour future; zinc markets are looking to dive below $1.00 per pound; tin markets have marched strongly upward due to supply disruptions; and silver bulls are calling for annual worldwide...
HighGold Mining Inc. Sept. 23 provided details of the 2,000-meter drill program at its flagship Johnson Tract gold project in Southcentral Alaska. In late August, HighGold initiated an eight- to 10-hole diamond drill program aimed at confirming, defining and expanding the main Johnson Tract deposit. The Johnson Tract has significant historical exploration, including 88 holes primarily targeting the main Johnson tract deposit. Under a joint venture with Cook Inlet Region Inc.,...
Home of the famed golden beaches of Nome that have captured the imagination of millions over the past 120 years, the Bering Straits Native Corporation (BSNC) region covers the Seward Peninsula and coastal lands arcing around the eastern and southern coast of the Norton Sound in the far western reaches of Alaska. While this region may be 300 miles beyond North America's highway system, it has served as a crossroads for human activity for at least 15 millennia and will continue...
White Rock Minerals Ltd. Sept. 19 said it has identified another prospect to add to a growing list of drill targets at Red Mountain, a high-grade zinc and precious metals volcanogenic massive sulfide (VMS) project in Alaska. Red Mountain already hosts two zinc-lead-copper-silver-gold deposits – Dry Creek and West Tundra Flats (WTF). At a 3 percent zinc cutoff grade, these deposits host 9.1 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant i...
With the success of mining optimization at Pogo and drills confirming another major gold zone on the property, Northern Star Resources Ltd. has decided to invest US$30 million (A$43 million) into upgrades of the Pogo processing plant that will increase the annual throughput capacity by 30 percent. These upgrades are a follow-up to the investments the Aussie miner has already made into improving underground production at the Interior Alaska gold mine, including roughly US$35...
The initial results from 2019 drilling at the Upper Kobuk Mineral Projects in Northwest Alaska has the Trilogy Metals team excited, especially the first hole from the Sunshine exploration target about eight miles (13 kilometers) west of the Arctic Mine project. The US$18.2 million carried out this year at UKMP included six holes (1,357 meters) of exploration drilling at the Sunshine prospect, 10 holes (7,610 meters) of resource upgrade and expansion drilling at the Bornite...
Nova Minerals Ltd. Sept. 11 reported that it has outlined 2.5 million ounces of gold in a maiden inferred resource estimate for the Oxide Korbel deposit on the company's Estelle project in Alaska. Previously known as Oxide Ridge, the Oxide Korbel is located at the northern end of the roughly 18-mile-long Estelle property. The Oxide Korbel discovery hole, drilled by Millrock Resources Inc. in 2011, cut 450.7 meters averaging 0.38 grams per metric ton gold in an area Nova now...
Nova Minerals Ltd. Sept. 2 said results from this year's drill program at its Estelle gold project in Alaska has cut higher grade, near-surface mineralization within a bulk tonnage gold deposit at Oxide Korbel. Oxide Korbel is a prospect area that roughly covers an area previously referred to as Oxide Ridge toward the north end of the roughly 18-mile-long Estelle property. SE11-01, the Oxide Ridge discovery hole drilled by Millrock Resources Inc. in 2011, cut 450.7 meters...
As the rest of the country suffers through the Dog Days of summer, Alaska is approaching the end of a topsy-turvy summer season that saw unseasonably hot, dry weather in some parts of the state during some parts of the summer, while other parts of the state have seen record rainfall and unseasonably early snowfall. Gold prices have skyrocketed over the $1,500 per ounce mark and silver prices have moved strongly up, now trading at a one-year high. However, copper and zinc are a...
By 1898, the Klondike Gold Rush was beginning to wane and many of the roughly 100,000 people that trekked to the Yukon were seeking new regions to make their golden fortunes - moving in every direction at the merest mention of a new discovery. Many of these Klondike Gold Rushers headed west to the golden beaches of Nome whilst others would return south and discover the richest gold mining region of British Columbia, the Atlin District. Considered one of the most important...
Northway Resources Corp., a new company with two gold exploration properties in Alaska, Aug. 26 announced the completion of an initial public offering and listing on the TSX Venture Exchange. "We are very excited about closing this transaction and being listed as a new public company on the TSXV," said Northway Resources President and CEO Zach Flood. "Northway Resources was founded last year with the primary focus to explore for gold in Alaska." Northway is currently focused...
Nova Minerals Ltd. Aug. 12 reported that the preliminary resource drill program at its Estelle gold project in Alaska has been completed on time and under budget. As a result of the acceleration of its induced polarization (IP) geophysical survey and drill campaign this year, Nova said it has made significant headway toward reporting an initial Australian Joint Ore Reserves Committee- (JORC) compliant for Oxide Korbel, a new occurrence in the Oxide area at the north end of the...
Millrock Resources Inc. July 29 announced that it has raised C$1 million to help fund exploration of its West Pogo gold project in the Goodpaster Mining District, as well as generate new properties and seek out partners to fund further exploration in Alaska. As a project generating mineral exploration company, Millrock has long been bullish on the potential of the Goodpaster, a gold mining district about 100 miles east of Fairbanks that hosts Northern Star Resource Ltd.'s...
Thanks to improving gold output and lower costs at its Pogo gold mine in Alaska, Northern Star Resources Ltd. sold 232,042 ounces of gold during the final quarter of its fiscal year 2019, a record for the Australian gold miner. During the three months ending June 30, Northern Star sold 48,009 oz of gold produced at Pogo, which is a 33 percent increase over the previous quarter. The Perth-based miner expects gold output at Pogo to continue its upward trend. "Pogo is on track...
Aleut Corporation is committed to promoting economic opportunities for its more than 4,000 shareholders, while preserving the traditional culture and values developed from living in a ruggedly beautiful stretch of Alaska. The Alaska Peninsula and 167 named Aleutian Islands extending more than 1,000 miles off Southwest Alaska that make up the Aleut Corp. region form a border between the Pacific Ocean and Bering Sea. This geologically young island arc is part of the Pacific...
Since its founding in 2010, Northern Star Resources Ltd. has built a multi-billion-dollar mining company by breathing new life into aging underground gold mines in Australia. Now, the Perth-based company is applying the same strategy that has proven so successful at home to its newly acquired Pogo gold mine in Interior Alaska. This strategy includes making large investments into the exploration, underground mine development and equipment needed to turn Pogo into a tier-one ass...
When Agnico Eagle Mines Ltd. established a foothold in Nunavut roughly a decade ago, the gold mining company saw the northern Canadian Territory as a politically attractive and stable jurisdiction with enormous geological potential. With two new gold mines established in Nunavut this year, this vision is being realized. "We see tremendous potential there and this is an inflection point and a turning point in the future of Agnico as we are opening up a brand-new area where we...
Coeur Mining Inc. entered 2019 with more silver reserves at higher grades, thanks to a maiden reserve calculation for Silvertip, a northern British Columbia silver mine the company acquired in 2017. While this newly built mine came with a rich resource base, a technical report and mine plan to elevate the high-grade silver resources to reserves had yet to be completed. With the information gleaned from a rigorous drill program, by the end of 2018 Coeur had converted some 58...
Kinross Gold Corp. focuses its in-house exploration on high-quality brownfield projects and the discovery of new resources within the existing footprint of several of its mine properties, including extensions of known mineralization, as well as looking at other properties in surrounding districts. The Fort Knox Mine in Interior Alaska is an example of the Toronto-based gold miner's brownfield success. In its 23rd year of operation, this open-pit mine a few miles north of...
