The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Millrock Resources Inc. July 18 said roughly US$5 million of partner-funded exploration is being carried out across its portfolio of mineral properties, including 10,000 meters of drilling at three projects in Alaska and Mexico. "We have plenty of potential catalysts to improve the Millrock share price through the discovery of valuable resources," said Millrock President and CEO Greg Beischer. Millrock Resources is a project generating mineral exploration company with five...
The Trump Administration's latest round of tariffs on Chinese goods includes a 10 percent levy on rare earth elements, a group of 17 elements on the periodic table with unique properties that make them key ingredients in a wide array of modern high-tech products such as terabyte hard-drives that fit in the palm of your hand, high-efficiency green-power generation and sophisticated military hardware. For decades, China has dominated the REE market and has largely controlled...
White Rock Minerals Ltd. July 10 announced that Sandfire Resources NL, a mid-tier Australian mining company that operates the high-grade DeGrussa copper-gold mine in Western Australia, plans to make a significant investment in White Rock's Red Mountain, a zinc enriched volcanogenic massive sulfide project about 60 miles south of Fairbanks, Alaska. "White Rock welcomes Sandfire as a strategic partner and cornerstone investor that shares White Rock's vision for the exploration...
Riversgold Ltd. July 9 said it has begun a seven-week exploration program that is expected to include drilling at several targets on its gold properties in Southwest Alaska. A Perth-based mineral exploration company that listed on the Australia Stock Exchange late in 2017, Riversgold owns three gold exploration properties – Luna-Quicksilver, Kisa and Gemuk – that blanket 27,122 acres of the Kuskokwim Mountains about 95 miles southwest of the 39-million-ounce Donlin Gold Min...
White Rock Minerals Ltd. July 4 reported exceptional grades in the first two holes targeting the down plunge extension of mineralization in the Discovery and Fosters lenses of the Dry Creek volcanogenic massive sulfide deposit on the Red Mountain project in Interior Alaska. Hole DC18-77 cut 4.26 meters averaging 4.8 percent zinc, 2.3 percent lead, 1,435 grams (46.1 ounces) per metric ton silver, 2.2 g/t gold and 0.5 percent copper – this is the equivalent of 43.2 percent z...
The summer field season is in full bloom across Alaska with programs stretching from the Brooks Range to southeastern Alaska, and from the Yukon border to southwestern Alaska. Exploration targets range from grassroots to mine-site, focused on commodities including gold, silver, lead, zinc, copper, cobalt and graphite. For Alaska's exploration industry, planned, announced and estimated expenditures are well over the $100 million mark for 2018. This expenditure level is well...
Goldstrike Resources Ltd. June 27 said drills are turning on its 156-square-kilometer (60 square miles) Lucky Strike gold property in the heart of the Yukon's White Gold District. Following up on the 1,033-meter maiden drill program carried out last year, the 2018 drill program begins at the Monte Carlo zone, a 1,400- by 350-meter geochemical anomaly where trenching has returned long sections of gold comparable to trenches that led to the discovery at Goldcorp's Coffee gold...
Golden Predator Mining Corp. June 21 named globally recognized geological experts Richard Goldfarb, Lance Miller, Craig Hart and Bill Threlkeld to the company's newly formed exploration management council. These founding members bring vast experience in the geology of the Northern Cordillera – a metals rich volcanic province that extends through British Columbia, Yukon and Alaska – to the council. This council will assist Golden Predator management and field staff in rev...
Constantine Metal Resources Ltd. is working on a deal to lease Johnson Tract, a gold-rich polymetallic deposit in Southcentral Alaska, from Cook Inlet Region Inc., an Alaska Native regional corporation more commonly known as CIRI. Located about six miles west of Cook Inlet and roughly 125 miles southwest of Anchorage, the 20,942-acre Johnson Tract property hosts a gold and base metals deposit that is reminiscent of the historical Eskay Creek Mine in neighboring British...
Constantine Metal Resources Ltd. June 6 reported the start of a 10,000-meter drill program to expand the resource and test new targets at the Palmer volcanogenic massive sulfide project in Southeast Alaska. Being carried out by a joint venture between Constantine (51 percent) and Dowa Metals & Mining Co. Ltd. (49 percent), this year's drilling will target the definition and expansion of the copper-zinc-silver-gold resource at the South Wall-RW deposit; expansion of the AG...
K2 Gold Corp. June 4 said it has begun an initial phase of its 2018 exploration program at Wels, a western Yukon gold property about 30 miles (50 kilometers) east of the Alaska-Yukon border. A re-interpretation of the existing rock, soil, and drill sample geochemistry commissioned by Wels earlier this year shows that antimony and arsenic have a clear affinity with the known gold in all rock-types on the property. A 3,000- by 1,500-meters antimony signature has been identified...
PolarX Ltd. is ready to kick off the initial phase of its 2018 drill program at its Alaska Range copper-gold project. Encompassing the Stellar and Caribou Dome properties, the Alaska Range blankets a 22-mile mineralized trend that hosts Zackly, a high-grade skarn deposit with roughly 91 million pounds of copper and 213,000 ounces of gold; Caribou Dome, a sediment-hosted deposit with 280 million pounds of copper; and numerous exploration targets. The initial 23-hole program...
Goldstrike Resources Ltd. May 22 said it is mobilizing for the 2018 exploration program at Lucky Strike and other properties it holds in Yukon's White Gold District. This year's exploration will follow-up on the success Goldstrike had on the Lucky Strike property in 2017, where the company completed the first ever drilling into the property's Monte Carlo zone. The company narrowed drill targets at Monte Carlo with trenching in 2016. One trench dug at this 1,400- by 350-meter...
In an initial move to implement President Donald Trump's strategy to break the United States' growing reliance on foreign countries for minerals and metals vital to its security and economy, the U.S. Department of Interior published a final list of 35 critical minerals on May 18. An executive order signed by President Trump in December instructed Secretary of Interior Ryan Zinke, in consultation with Secretary of Defense James Mattis, to identify and publish a list of...
White Gold Corp. is eager to expand known gold deposits and make news discoveries across the roughly 1 million acres (390,000 hectares) of prospective lands it holds in the Yukon's White Gold District. About half of this year's C$9 million exploration program is focused on regional targets across the extensive land holding, including more than 100 rotary air blast (RAB) drill holes, airborne geophysical surveys, over 22,000 soil samples and other exploration activates. The...
11 is shaping up to be a pivotal year for the Palmer copper-zinc-silver-gold project in Southeast Alaska. A roughly US$9 million exploration program outlined by Constantine Metal Resources Ltd. on May 10 proposes not only the annual tradition of resource expansion and new discoveries but also plans to provide the first peek into the economics of mining the copper- and zinc-rich volcanogenic massive sulfide deposits found there so far. Being carried out by a joint venture...
Constantine Metal Resources Ltd. May 1 said it intends to raise C$10 million through a non-brokered private placement that will include a major strategic investment from Electrum Strategic Opportunities Fund II L.P., an investment fund managed by The Electrum Group LLC. Altius Minerals Corp. and John Tognetti, a major shareholder and Constantine Metal insider, are also slated to participate in the financing. "We welcome the Electrum 'family' as a major shareholder, who we...
The six platinum group elements – platinum, palladium, rhodium, ruthenium, iridium, and osmium – are amongst the rarest metals on Earth. This scarcity, coupled with PGEs' uses in the automotive, petrochemical and electronics industries, has this group of metals firmly planted on the United States Geological Survey's critical minerals list. "PGEs are indispensable to many industrial applications but are mined in only a few places," USGS inked in a 2017 report on platinum gro...
K2 Gold Corp. April 12 said a recent re-interpretation of geochemical and geophysical data suggest the potential for a larger gold system than previously envisioned at Wels, a western Yukon property about 30 miles (50 kilometers) east of the Alaska-Yukon border. "I am very encouraged at the increased size of the mineralization footprint at Wels and the potential for a large-scale discovery," said K2 Gold President and CEO Stephen Swatton. Re-interpretation of the existing rock...
Governments around the world are collaborating to focus on addressing Climate Change and Global Warming. The Paris Climate Accord adopted numerous measures to "limit a global temperature rise this century below 2 degrees Celsius above pre-industrial levels". Although there are many things that can be done to address climate change, the most meaningful and obvious is to use cleaner forms of energy and transportation. Alaska has shown the world how energy resources can be...
While Pogo has surpassed its original life expectancy of 10 years and 3 million ounces of gold, the air of excitement emanating from the miners, geologists and management indicates that mining is just getting started at this high-grade underground gold mine in the heart of Alaska's Interior. Churning out 271,273 oz of gold from roughly 950,000 tons of ore in 2017, Pogo is on pace to pour its 4-millionth ounce of gold early in 2019 and based on current estimates would have enou...
Primarily associated with cans, cups and roofs, tin may not be the flashiest metal on the market, but it has been a strategic metal that has defined human progress since the onset of the Bronze Age around 5,500 years ago and is on the list of minerals critical to the security of the United States even today, according to the U.S. Geological Survey. "In a congressionally mandated U.S. Department of Defense study of strategic minerals published in 2013, tin was shown to have...
Millrock Resources Inc. Feb. 2 announced that it has cut deals to move its trio of Golden Triangle exploration projects into what is expected to be a well-financed exploration company managed by an outstanding technical team that will specialize as a British Columbia project generator company. Under the contemplated transaction, Millrock will vend its Todd Creek project to Sojourn Exploration Inc. The terms of the existing option agreements with Sojourn concerning two other...
Graphite is among the 23 metals and minerals the U.S. Geological Survey deemed critical to "the national economy and national security of the United States" in a December report, "Critical Mineral Resources of the United States – Economic and Environmental Geology and Prospects for Future Supply." One of the reasons the USGS considers graphite critical is the growing demand of this mineral as anode material in the lithium-ion batteries that power electric vehicles and a r...
Freegold Ventures Ltd. Jan. 22 reported that results from its 2017 drill program at Shorty Creek continue to confirm the size potential of this large porphyry copper project in Interior Alaska. Highlights from the latest round of results was a 165-meter intercept in hole 17-05A that averaged 0.60 percent copper-equivalent, which includes the value of the copper, gold, silver and cobalt encountered. This hole was drilled at Hill 1835, a Shorty Creek target where the company...
