The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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White Rock Minerals Ltd. April 9 reported that following the March 25 signing of a joint venture with Sandfire Resources, the two Australian companies are already gearing up for an exciting 2019 field season at the zinc-rich Red Mountain project about 60 miles (100 kilometers) south of Fairbanks, Alaska. Two deposits already identified on the property – Dry Creek and West Tundra Flats – host 16.7 million metric tons of inferred resource averaging 4.1 percent (1.49 billion pou...
Northern British Columbia is known for its remote and rugged towns and few places can match that description as well as Stewart, a community at the southern tip of the province's famed Golden Triangle with deep mining roots. Located just across the border from the Southeast Alaska panhandle and at the head of what is called the Portland Canal, this town was built on the backs of pioneers and has retained much of its frontier history. Originally the land around Stewart was the... Full story
White Rock Minerals Ltd. is preparing for a US$4.3 million exploration program at its zinc- and precious metals-rich Red Mountain project in Alaska, thanks to an option agreement with fellow Australian miner, Sandfire Resources NL. Under the option agreement, Sandfire can earn up to a 70 percent joint venture interest in the Red Mountain property by investing US$21.6 million into Red Mountain and completing a pre-feasibility study for developing a mine at the volcanogenic mass...
As is usually the case this time of year, the mining industry is awash in backward-looking statements designed to allow for more accurate forward-looking statements. Prime among them is one of my favorites, S&P Global's annual "World Exploration Trends 2019", a summary of what happened industry-wide in 2018 and what it may portend for the mining industry in 2019. The study predicts that global exploration budgets will increase again in 2019, although by a smaller amount, with... Full story
Those of you that attended the recent Cordilleran Roundup Convention in Vancouver can attest to the exuberant, upbeat atmosphere that pervaded the conference and was very much in evidence at the standing-room only festivities at our annual self-hosted Alaska Night meet and greet. But digging down under this veneer of optimism, many of the junior explorers and most of the producers admitted to their expectations of challenging times in 2019. Putting words to this apparent... Full story
TNR Gold Corp. Feb. 25 said it is continuing to seek a major gold mining company to become a joint venture partner on its Shotgun Gold project in Alaska. Located about 110 miles south of the 39-million-ounce Donlin Gold mine project and about the same distance northeast of the Pebble copper-gold-molybdenum project, this property lies at the intersection of two trends known to host big deposits. TNR optioned Shotgun from Novagold Resources Inc. in 2002 and gained full...
The Red Dog Mine has been a gamechanger for the more than 14,000 Iñupiat shareholders of NANA Corp., the Alaska Native Claims Settlement Act (ANCSA) regional corporation that owns the world-class Red Dog deposits in Northwest Alaska that are the source of around 5 percent of the world's new zinc supply each year. The revenues from shipping out more than 1 billion pounds of zinc annually, along with healthy portions of lead, silver and minor amounts of germanium, has served... Full story
When Northern Star Resources Ltd. acquired the Pogo Mine, the Perth-based miner believed it could apply its underground mining experience in Australia to increasing high-grade gold resource and boosting production at its new Alaska asset. Five months into its official ownership of Pogo, Northern Star's exploration is generating outstanding results which are oft exceeding the company's already high expectations. "Pogo is fast turning out to be everything we expected and more,"...
U.S. Sen. Lisa Murkowski, R-Alaska, called on Congress to pass legislation that will curb the United States' increasing dependence on foreign countries for its growing mineral needs. In its Mineral Commodity Summaries 2018, the U.S. Geological Survey identified 50 minerals for which the U.S. was reliant on other countries for at least 50 percent of its supply, including 21 for which America is 100 percent import reliant. Many of these are on the USGS list of 35 minerals and...
I, for one, feel vindicated, relieved and ready to face the New Year! How so, you ask? Please let me explain. For those of you who remember my column in November, I noted that EY Global Mining and Metals publishes an annual "risk radar" for mining and metals, outlining what mining companies perceive as the top ten risks facing them in the near future. This publication was for the years 2017-2018 and stated that "Our number one risk this year is digital effectiveness." If you... Full story
With the startup of two new gold mining operations scheduled for the first half of this year and recent regulatory approvals for development of at least three other gold deposits in the territory, there's little question that Nunavut is coming into its own as a gold mining center in Canada. Nearly one and one-half times the size of Alaska, the northern jurisdiction has seen little gold production since it was separated from Northwestern Territories 20 years ago. But as...
Alaska boasts what many consider the most successful Aboriginal land claims settlement on Earth – a solution that has not only turned out to be a cultural success, but a brilliant business move for the more than 140,000 Alaska Natives and an economic boon for the state that covers the resource-rich lands these industrious and innovative peoples have called home for millennia. Signed into law by U.S. President Richard Nixon in 1971, the Alaska Native Claims Settlement Act, comm... Full story
Freegold Ventures Ltd. Jan. 16 reported that two holes drilled in 2018 cut wide widths of copper-gold-silver-tungsten mineralization at the company's Shorty Creek project about 75 miles (120 kilometers) northwest of Fairbanks, Alaska. These holes – SC 18-01 and SC 18-02 – targeted a magnetic high within Hill 1835, the most explored porphyry target so far at Shorty Creek. Freegold discovered significant porphyry copper-gold mineralization at Shorty Creek during an inaugural dri...
Grande Portage Resources Ltd. Jan. 8 announced the discovery of a new gold zone directly beneath a drill pad used to target the high-grade gold veins at the company's Herbert Gold project a few miles north of Juneau, Alaska. This drill pad, M18, was constructed in an area of low topographic expression and was situated on overburden consisting of talus mixed with glacial outwash and alluvium. There was no outcropping bedrock near the drill pad so the discovery of near-surface...
White Rock Minerals Ltd. Dec. 27 reported that Sandfire Resources NL has exercised its option to enter into a joint venture agreement with White Rock on the zinc-rich Red Mountain volcanogenic massive sulfide project in Interior Alaska. In July, White Rock entered into a strategic relationship with Sandfire, a mid-tier Australian mining company that operates the high-grade DeGrussa copper-gold mine in Western Australia. To formalize this strategic relationship between the two...
Constantine Metal Resources Ltd. Dec. 18 published a maiden mineral resource estimate for the AG Zone at the company's Palmer copper-zinc-lead-silver-gold project in Southeast Alaska. Since discovering AG Zone in 2017, Constantine has focused much of its drilling on this new resource area about 3,000 meters southwest of South Wall-RW, the primary volcanogenic massive sulfide deposit outlined so far at Palmer. This work has outlined a deposit that has increased the overall...
WESTERN ALASKA Northern Dynasty Minerals Ltd. announced that it had finalized a surface right of way agreement with Alaska Peninsula Corporation for use of that latter's lands for the construction and operation of transportation infrastructure associated with the Pebble copper-molybdenum-gold project. Alaska Peninsula Corporation is an Alaska Native village corporation with extensive land holdings proximal to the Pebble site and more than 900 shareholders, many of which live... Full story
IDM Mining Ltd. Nov. 27 reported that high-grade gold and silver results from trenching and sampling have expanded two new zones – Lost Valley and Cambria – on the company's Red Mountain gold project in the Golden Triangle of northwestern British Columbia. Both zones are in areas of the property with better exposure due to recent glacial retreat. Lost Valley is a discovery area about 4,000 meters south of the resource area at Red Mountain, where IDM Mining is in the final stag...
Gold explorers are rushing to several regions of Yukon Territory, particularly areas where significant discoveries of the precious metal have been reported in recent years. But only a few lucky companies could advance gold projects in Southeast Yukon during the 2018 field season. The reason: A large swath of the mineral-rich Tintina Gold Belt – favorable geological terrain that sweeps northward through Yukon in a boomerang-shaped arc to Alaska from British Columbia – is off...
PolarX Ltd. Nov. 19 said strong assay results from soil and rock‐chip sampling demonstrate the potential for a significant gold‐copper discovery at the Mars prospect on its Alaska Range project. The Mars prospect is located at the northwest end of a 7.5-mile- (12 kilometers) long structural corridor that extends through the Zackly Skarn deposit and onto the Zackly SE porphyry prospect on the east end. Infill soil and rock chip sampling carried out this year has confirmed a 2...
White Rock Minerals Nov. 21 announced that it has staked 524 state of Alaska mining claims around Red Mountain, more than tripling the Australian company's land position at this high-grade zinc-silver-lead-gold-copper volcanogenic massive sulfide project on the north slopes of the Alaska Range. This expansion follows White Rock's first year of exploration where drilling confirmed the high-grade zinc-silver-lead-gold-copper mineralization at two historical deposits at Red...
Members of the Kaminak Gold Corp. executive team have reunited to form Tectonic Metals Corp., a private exploration company that has acquired three overlooked gold exploration properties in Alaska's Eastern Interior. While with Kaminak, this team advanced the Coffee project in the Yukon from a grassroots discovery to a roughly 5-million-ounce gold mine project that Goldcorp Inc. acquired in 2017 for C$520 million. Cashing in on Coffee, several of the Kaminak executives moved...
PolarX Ltd. Nov. 5 said a high‐resolution aeromagnetic geophysical survey flown this fall over most of the Stellar property, part of the Australian explorer's Alaska Range project, clearly shows the signature of a significant copper‐gold porphyry target at the Zackly SE prospect. Collecting magnetic data on 50-meter line spacing at an average height of 33 meters above the ground, the helicopter-flown survey provided details of a 7.5-mile (12 kilometers) long structural cor...
PolarX Ltd. has put together an 85,750-acre (347 square miles) land package just off Alaska's road system that already hosts deposits rich in copper and gold yet remains vastly under-explored. This 22-mile- (35 kilometers) long property, known as Alaska Range, is made up of two adjacent projects – Stellar and Caribou Dome – the Australia-based exploration company brought together in 2017. Stellar, currently the primary focus of PolarX's exploration, already boasts 90.4 mil... Full story
Long sections of high-grade gold and silver at the Saddle South discovery on GT Gold Corp.'s Tatogga property at the northern tip of British Columbia's Golden Triangle catapulted this newly formed exploration company into the spotlight in 2017. With intercepts such as seven meters of 51.53 g/t gold and 117.38 g/t silver; 12.2 meters of 14.75 g/t gold; 3.4 meters of 48.85 g/t gold; 8.3 meters of 20.02 g/t gold; and three meters averaging 31.79 g/t gold and 1,141 g/t silver, it... Full story
