The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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As Alaska's mining industry nears the end of another hectic year during which metals prices and investor sentiments rose and fell as precipitously as the world's major stock exchanges, the industry is naturally looking into its crystal ball trying to anticipate what the new year will bring. EY Global Mining and Metals does this sort of forecasting by putting out an annual "risk radar" for mining and metals. The idea is to find out what the industry perceives as the top ten... Full story
While claim staking and mineral exploration has rocketed in Yukon's famed White Gold and Klondike districts, this prolific action nearly comes to a halt at the territory's western border with Alaska. This has given rise to a tongue-in-cheek theory that there must be a major fault separating the mineral rich lands in western Yukon from the barren lands west of the border. This "Border Fault" apparently does exist. It is not, however, a major geological structure separating... Full story
Avidian Gold Corp. Oct. 1 reported that this year's drilling has tapped strong gold mineralization that confirm the expansion potential of the Breccia Pipe deposit on the company's Golden Zone property about 200 miles (320 kilometers) north of Anchorage, Alaska. The Breccia Pipe deposit hosts 4.19 metric tons of indicated resource averaging 1.99 grams per metric ton (267,400 ounces) gold and 10.38 g/t (1.4 million oz) silver; plus 1.35 million metric tons of inferred resource...
Constantine Metal Resources Ltd. has substantially increased the resources at Palmer, including the first indicated resource and inaugural estimate of the barite that makes up a large percentage of this zinc- and copper-rich volcanogenic massive sulfide deposit in Southeast Alaska. According to the new calculation released on Sept. 27, the South Wall-RW deposit at Palmer now hosts 4.68 million metric tons of indicated resource averaging 5.23 percent (539 million pounds) zinc,...
Following a couple of quiet months where Alaska's mining industry focused on its work, the last month has seen an explosion of new info come out regarding that effort, some of it profound in its potential immediate, near-term and long-term implications. For example, one of Alaska's largest mines was sold to a new owner at a surprisingly low cost per ounce. The results of a robust new preliminary economic analysis were tabled by an advanced gold-silver exploration project... Full story
Titanium conjures images of the durable and lightweight metal used to build aircraft, replacement hips, high-end bicycle frames and even quality golf clubs. While its outstanding weight-to-strength ratio and corrosion resistance makes this critical metal ideal for these applications, roughly 93 percent of the world's titanium is used to impart a stark whiteness to many of the consumer goods we use every day. "Titanium is different than most other metallic elements in that it...
White Rock Minerals Ltd. Sept. 24 said the latest batch of results from drilling shows significant expansions to the Dry Creek zinc-lead-silver-gold deposit at its Red Mountain project in Alaska. Located about 60 miles south of Fairbanks, the Red Mountain property hosts two established volcanogenic massive sulfide deposits – Dry Creek and West Tundra Flats – and 30 exploration targets. An Australian Joint Ore Reserves Committee- (JORC) compliant calculation completed last yea...
White Rock Minerals Ltd. Sept. 20 announced the conclusion of its exciting inaugural exploration program at the zinc-rich Red Mountain volcanogenic massive sulfide project about 60 miles south of Fairbanks, Alaska. The 4,111 meters of drilling and regional exploration carried out this year expanded the two historical and high-grade VMS deposits already identified on the property and made similar new discoveries that demonstrate the district-scale potential of Red Mountain....
Avidian Gold Corp. Sept. 10 reported the discovery of a new gold showing on its Golden Zone project about 200 miles (320 kilometers) north of Anchorage, Alaska. The Golden Zone property hosts numerous gold targets along a 15,000-meter-long trend. Breccia Pipe, the most advanced of these, is a deposit with 4.19 metric tons of indicated resource averaging 1.99 grams per metric ton (267,400 ounces) gold and 10.38 g/t (1.4 million oz) silver. JJ Zone, the new discovery, is about...
Freegold Ventures Ltd. Aug. 24 announced the start of a modest drill program at its Shorty Creek Project property in Interior Alaska, where previous drilling has cut long sections of porphyry copper-gold-silver-cobalt-tungsten mineralization. Lying alongside the paved Elliott Highway about 75 miles northwest of Fairbanks, Shorty Creek is adjacent to International Tower Hill Mines Ltd.'s 11.5-million-ounce Livengood gold project. Freegold's inaugural drill program at Shorty...
While not the flashiest of the 35 minerals on the United States Geological Survey's critical list, barite plays an essential role in America's energy sector. Barite got its name from the Ancient Greek word for heavy, barús, and it is the high specific gravity that earned this mineral its name that makes it a critical mineral. Added to drill mud, a solution that serves multiple purposes in bore drilling, barite's weight helps maintain the integrity of the drill hole and...
A group of Alaskans led by renowned geologist Curt Freeman have created Valhalla Metals Inc., a private Alaska exploration company that has nabbed exciting volcanogenic massive sulfide projects that bookend the Ambler Mining District, one of the richest known undeveloped mineral regions on Earth. Anchored by the Arctic deposit on lands held by Trilogy Metals Inc., this region of Northwest Alaska is celebrated for a 70-mile- (110 kilometers) long belt of world-class VMS...
Constantine Metal Resources Ltd. Aug. 21 reported results from four holes from this year's 10,000-meter drill program that continue to expand the South Wall and AG zones at the Palmer project in Southeast Alaska. South Wall-RW, the primary volcanogenic massive sulfide deposit outlined so far at Palmer, contains 8.1 million metric tons of inferred resources averaging 5.25 percent (940.4 million pounds) zinc, 1.41 percent (252.6 million lb) copper, 0.32 g/t (83,600 ounces) gold...
White Rock Minerals Ltd. Aug. 20 reported high-grade zinc grades were encountered in a second hole at the Hunter discovery on the company's Red Mountain project in Alaska. Hunter was discovered during a reconnaissance exploration program seeking new volcanogenic massive sulfide prospects across White Rock's 35,300-acre Red Mountain property. While mapping and sampling an area about 5,200 meters southeast of Dry Creek, one of two zinc-lead-copper-gold-silver deposits on the...
White Rock Minerals Ltd. Aug. 6 reported that drilling has tapped massive sulfide mineralization at the recently discovered Hunter prospect on the company's Red Mountain project about 60 miles south of Fairbanks, Alaska. Hunter was discovered during a reconnaissance exploration program that has already identified several new volcanogenic massive sulfide prospects across White Rock's 35,300-acre Red Mountain property. While mapping and sampling of this area about 5,200 meters s...
White Rock Minerals Ltd. Aug. 1 reported that its reconnaissance exploration has identified several new volcanogenic massive sulfide prospects across its 35,300-acre Red Mountain property in Interior Alaska. The most exciting of these discoveries is Hunter, where a two-foot massive sulfide outcrop rich in sphalerite (zinc mineralization) and galena (lead mineralization) has been discovered. White Rock Minerals said the massive sulfide discovered at Hunter extends for more...
Nova Minerals Ltd. (formerly Quantum Resources Ltd.) July 31 said it plans to complete at least 8,000 meters of drilling over the next six to eight weeks at the Estelle gold-copper-silver project about 100 miles northwest of Anchorage. The Australia-based explorer optioned Estelle late in 2017 as part of a larger deal that included four other Southwest Alaska properties – Chip-Loy, a nickel-copper-cobalt-gold-silver-platinum group element project; Bowser Creek silver-zinc-lead...
Although the Alaska mineral industry is in better health in the middle of 2018 than it has been in the last five years, the spirited recovery that was in progress in the first quarter of the year is now looking more like a dead-cat bounce – a minor recovery after a long down trend. This is particularly true of the exploration sector. Reviewing the Alaska minerals industry, you will note that several exploration projects are only now commencing their 2018 exploration p... Full story
Extremely hard and with the highest melting point of all the elements on the periodic table, tungsten is a vital ingredient to a wide-range of industrial and military applications, yet none of this durable metal is currently mined in the United States. According to the United States Geological Survey, more than half of the tungsten consumed in the U.S. last year was used to make the cemented tungsten-carbide, a compound typically made with equal parts tungsten and carbon....
Thanks largely to increased investments from Aussie mining explorers, mineral exploration spending across Alaska topped US$100 million in 2018. This is well above the roughly US$95 million invested last year and nearly double the US$58 million spent at the bottom of the market in 2015. "Canadian and Australian companies continue to be the source for the bulk of funds spent in Alaska in 2018, together comprising well over 80 percent of the exploration expenditures earmarked... Full story
Constantine Metal Resources Ltd. continues to advance its flagship property, the Palmer copper-zinc-silver-gold-barite project near the port-town of Haines in Southeast Alaska, as it looks to create a new vehicle to carry its gold properties in Alaska, Yukon Territory and Ontario. The roughly US$9 million exploration program at Palmer is being funded by a joint venture between Constantine Metal Resources (51 percent) and Dowa Metals & Mining Co. Ltd. (49 percent). A new resour... Full story
With continued financial and technical support from Agnico Eagle Mines Ltd. and Kinross Gold Corp., White Gold Corp. carried out a budgeted C$9 million program in 2018 to expand known deposits and explore the larger potential across the roughly 1 million acres (390,000 hectares) of prospective lands it holds in the Yukon's White Gold District. The explorer's massive portfolio of gold properties is a re-assemblage of White Gold prospects legendary Yukon gold prospector Shawn Ry... Full story
Millrock Resources Inc. is a project generating mineral exploration company with five projects in Alaska, three in British Columbia (transferred to Sojourn Exploration Inc.), 16 in Mexico and one in New Mexico. Alaska Range, a property that hosts a copper-gold-silver skarn deposit and is highly prospective for copper-gold porphyries, is the most active project in Millrock's portfolio this year. In 2017, Millrock sold its Stellar copper-gold-silver project to Australia-based... Full story
Nova Minerals Ltd. (formerly Quantum Resources Ltd.) completed an inaugural drill program in 2018 at its newly acquired Estelle gold-copper-silver project about 100 miles northwest of Anchorage, Alaska. The Australia-based explorer optioned Estelle late in 2017 as part of a larger deal that included four other Southwest Alaska properties – Chip-Loy, a nickel-copper-cobalt-gold-silver-platinum group element project; Bowser Creek silver-zinc-lead project; Windy Fork, a rare e... Full story
Australia-based White Rock Minerals Ltd. set its sights on Alaska's vast and underexplored mineral potential when it acquired Red Mountain, a zinc-rich volcanogenic massive sulfide project about 60 miles south of Fairbanks, in 2016. While the two main deposits at Red Mountain – Dry Creek and West Tundra Flats, or WTF – had more than 120 historical holes drilled into them when White Rock acquired the property, a deposit had not been defined to modern reporting standards unt... Full story
