The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 501 - 525 of 922
Avidian Gold Corp. Jan. 15 said mapping and sampling at its Golden Zone project in Alaska has identified several high-grade gold occurrences and discovered a new mineralized breccia. Located about midway between Anchorage and Fairbanks, the Golden Zone property hosts numerous gold occurrences along an 8,000-meter-long trend. Breccia Pipe, the most advanced of these, is a deposit with 4.19 million metric tons of indicated resource averaging 1.99 grams per metric ton (267,400...
With fresh funds in the bank and partners exploring the gold, copper and silver projects it has generated in Alaska, British Columbia and Mexico, Millrock Resources Inc. is positioned well for 2018. As a project generator, Millrock is leveraging its team's geological expertise by identifying and acquiring promising mineral projects, completing preliminary exploration aimed at bolstering the their potential and then vending them to partners to fund the more advanced stages of...
From wide zones of high-grade copper and zinc in resource expansion drilling to a discovery hole with grades worthy of being compared to Greens Creek, Constantine Metals Resource and Dowa Metals & Mining's 2017 drill program at the Palmer volcanogenic massive sulfide project in Southeast Alaska is off to a great start. After investing US$22 million into Palmer over the previous four years, Dowa Metals & Mining Alaska Ltd. earned a 49 percent joint venture interest in the...
Endurance Gold Corp. July 24 said induced polarization and ground magnetic surveys carried out at its Elephant gold property in Interior Alaska have identified four prioritized geophysical anomalies that warrant drilling. The largest of these is a linear east-west trending low that entirely bisects the area covered by 43 line-kilometers of IP and 39 line-kilometers of magnetic surveying completed during the program. This dominant anomaly is interpreted to represent the resistivity expression of the Elephant Mountain Fault...
Constantine Metal Resources Ltd. Aug. 17 reported additional long, high-grade intercepts from exploration drilling at the Nunatak AG zone, a volcanogenic massive sulfide discovery located about 3,000 meters south of the South Wall-RW deposit at the Palmer project in Southeast Alaska. The discovery hole at Nunatak AG, reported in July, cut 9.2 meters of massive barite-sulfide averaging 312 grams per metric ton silver and 0.9 g/t gold. CMR17-92, drilled about 140 meters south of the discovery hole, cut 17.8 meters grading 11.7...
Contango ORE Inc. Sep. 8 announced the discovery of West Peak Extension, a new zone of gold mineralization northwest of the Main Peak deposit, during the second phase of 2017 drilling at the Tetlin project near Tok, Alaska. Tetlin is being explored by Peak Gold, a joint venture between Contango ORE and Royal Gold Inc. In June, the Peak Gold partners published an updated global resource for Main and North Peak – measured, indicated and inferred – of 15.65 million metric ton...
As some of the world's biggest gold miners nab exciting plays that turned up across Yukon Territory during the past decade, Yukon's mining explorers continue to seek the next generation of mine projects in the northwestern-most Canadian territory. Many of the up and coming mines in Yukon also are getting a boost from C$360 million in upgrades to roads into some of Yukon's richest mining districts. Known as the Yukon Resource Gateway project, the endeavor to modernize...
Following up on the discoveries made during a C$1 billion exploration explosion in the Yukon from 2007 until 2013, five of the world's largest gold producers are leading a second wave of the 21st Century Yukon Gold Rush. Kinross Gold Corp., which operates the Fort Knox Mine in neighboring Alaska, was the first of the majors to grab a foothold in the Yukon when it acquired the White Gold property in 2009. The real rush of majors to the westernmost Canada territory, however,...
With financial and technical backing from Agnico Eagle Mines Ltd. and Kinross Gold Corp., legendary prospector Shawn Ryan has set out to finish what he started in Yukon's White Gold District. To accomplish this objective, Ryan has put roughly 1 million acres (390,000 hectares) of the White Gold District into White Gold Corp., a newly formed exploration company that owns claims covering roughly 40 percent of this promising gold region. Of the dozens of White Gold prospects...
Kinross Gold Corp. has a two-pronged exploration strategy – focus its own efforts on high-quality brownsfield assets, including the discovery of new resource surrounding its existing operations; and nab a foothold on promising greenfield opportunities through partnerships with high-quality junior exploration companies. The Fort Knox Mine in Interior Alaska is an example of the success the company has had in expanding resources near its mines. In its 21st year of operation, t...
Peak Gold, a joint venture between Contango ORE Inc. and Royal Gold Inc., completed roughly US$11.8 million of exploration in 2017 at Peak Gold (formerly Tetlin), an extensive land package in Eastern Interior Alaska located near the crossroads town of Tok. The Peak Gold property hosts high-grade skarn deposits with gold, silver, copper and other metals. Contango ORE discovered the metals potential of Peak Gold while surveying the area for natural gas in 2008. After a...
Constantine Metal Resources Ltd. is a metals exploration company focused primarily on its Palmer volcanogenic massive sulfide project in Southeast Alaska. Dowa Metals & Mining Co. Ltd., which joined Constantine in advancing exploration and potential development of Palmer in 2013, had invested US$20 million in advancing the VMS project through the end of 2016. This, along with US$2 million deposited into a joint venture account, earned the Tokyo-based smelting and mining company a 49 percent stake in the Palmer. Constantine...
Alaska's minerals exploration sector is on an upswing, thanks to Australian mining explorers looking north and mining majors upping their activities in the state. South32 Ltd., a Perth, Australia-based miner spun out of BHP Billiton Plc, is the largest mining company from Down Under to express an interest in Alaska's mineral potential this year. South32, which has eight operating mines in the Southern Hemisphere, secured an option to acquire a 50 percent interest in Trilogy...
U.S. House Subcommittee on Energy and Mineral Resources sought input on how to foster a more robust domestic mining sector during a July 20 hearing, "Seeking Innovative Solutions for the Future of Hardrock Mining." "Hardrock mining on federal land in the United States has a storied past, a challenging present and multiple needs for reform," Subcommittee Chairman Paul Gosar, R-Arizona, said. "From rocks to roads, rare earths to green technologies, and iron ore to wind farms,...
At a recent mining industry panel discussion at the Western States Land Commissioners Association meeting in Anchorage, I was asked if the recent upturn in activity in the Alaska mining industry was a function of commodities prices or a growing worldwide recognition of Alaska's enormous mineral potential. I answered that I thought neither factor was driving the Alaska mineral industry revival: commodities prices have been steady or rising slowly over the last year and...
Constantine Metal Resources Ltd. Nov. 2 reported wide silver and zinc intervals during expansion drilling at the AG Zone, a silver- and zinc-rich volcanogenic massive sulfide discovery at the Palmer project in Southeast Alaska. The discovery hole at AG, reported in July, cut 9.2 meters of massive barite-sulfide averaging 312 grams per metric ton silver and 0.9 g/t gold. Assays from additional holes reported in August include: 17.8 meters grading 11.7 percent zinc, 0.2 percent...
GT Gold Corp. Nov. 30 won the prestigious Mines and Money "Exploration Discovery Award" for its Saddle gold-silver discovery in northwestern British Columbia, Canada. The award was shared with SolGold plc, an Australian company exploring the Cascabel copper-gold project in Ecuador. GT Gold Chairman accepted the award at a gala dinner that wrapped up the Mines and Money Conference in London, England, on November 30. The Saddle gold-silver discovery is one of the few genuinely...
Constantine Metal Resources Ltd. Oct. 2 reported additional high-grade zinc and copper intercepts in four holes drilled to upgrade and expand the resource at the South Wall zone of the Palmer project in Southeast Alaska. According to a 2015 calculation, the South Wall and RW zones at Palmer host 8.125 million metric tons of inferred resources in the averaging 5.25 percent (940.4 million pounds) zinc, 1.41 percent (252.6 million lb) copper, 0.32 grams per metric ton (83,600...
Grande Portage Resources Ltd. Oct. 5 announced the completion of a 3,700-meter drill program at its Herbert Gold property about 16 miles north of Juneau, Alaska. So far, the company has outlined 821,000 metric tons of indicated resources averaging 6.91 g/t (182,400 oz) gold; and 51,600 metric tons of inferred resources averaging 7.73 g/t (12,800 oz) gold. This year's 12-hole program aims to add to this high-grade gold resource by testing extensions of three major veins and their satellite structures. Grande Portage said core...
For the first time in five long years, the mood at the recently held Alaska Miners Association Convention in Anchorage was buoyant, the result of a slow but steady turnaround on mineral investments in the state. Additional new corporate interest in the state emerged during the past 30 days, and sources of exploration funds coming to Alaska continue to shift, with estimates for 2017 suggesting that 62 percent of this financing comes from Canadian concerns, 18 percent from...
For the past 20 months or so, the Department of Natural Resources (DNR) has been wrestling with some proposed changes to the regulations concerning the location and maintenance of State of Alaska mining claims. This effort has been driven by some substantial issues that have arisen with the interpretation of the regs over the past several years as well as some significant open questions. The current proposed changes can be obtained from the DNR's website, but the process is...
For the past 20 months or so, the Department of Natural Resources (DNR) has been wrestling with some proposed changes to the regulations concerning the location and maintenance of State of Alaska mining claims. This effort has been driven by some substantial issues that have arisen with the interpretation of the regs over the past several years as well as some significant open questions. The current proposed changes can be obtained from the DNR’s website, but the process is s...
In early November, the Alaska Miners Association will hold its annual convention in Anchorage. Unlike the past four or five years, the excitement surrounding the convention this year is palpable due to the steady increase in exploration, development and production activities in Alaska in 2017. Clear signs of the industry's long-awaited revival include the fact that 11 new project acquisitions have taken place in 2017, half of which involve companies that are newcomers to the...
As the first snows of the coming winter began to fall at high elevations across Alaska, results of summer programs likewise began to trickle in from far-flung areas of the state. Meanwhile, second- and third-quarter production data began to show up and mining industry analysts released a series of reports covering a wide range of industry-wide trends. For example, SNL Metals and Mining Research released information on how long it takes to move a new discovery to production....
The Alaska mining industry continued its increased pace of activities in August, even as the first hint of autumn starts to be felt across the state. Metals prices were relatively stable with increasing demand for zinc and gold, the two metals that generate the most revenue from Alaska's operating mines. Wood Mackenzie is forecasting a 3 percent increase in global refined zinc demand in 2017 to 14.7 million metric tons. With refined zinc production limited to a 2 percent...
