The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 551 - 575 of 922
Contango Ore Inc. Aug. 25 reported second-quarter financial results along with assays from seven additional holes drilled at its Tetlin gold project in eastern Alaska. The company reported a net loss of US$1.2 million, or US31 cents per share, for the year ended June 30, compared with a loss of US$3.6 million, or US94 cents per share, for the same period last year. This substantial reduction in net loss is due to all exploration expenses this year being incurred by Peak Gold LLC, a joint venture under which Royal Alaska,...
Metallic Minerals Corp. (formerly Monster Mining Corp.) Sept. 19 reported the appointment of Greg Johnson as CEO and chairman. Prior to joining Metallic Minerals, Johnson held the position of president and CEO at Wellgreen Platinum and South American Silver, and was a co-founder and executive at Novagold Resources. He began his career with Placer Dome (now Barrick Gold), where he held various senior roles in domestic and international exploration. Johnson was a co-recipient of the PDAC's Thayer Lindsay International...
With a new top executive and financial backing from one of the most respected investors in the mining space, Redstar Gold Corp. is taking a fresh look at Unga, a high-grade gold property that is home to Alaska’s first hard-rock mine. Going into 2016, Redstar appointed Peter Ball as president and CEO of the company, filling a void left by Ken Booth, who served as the company’s interim top executive for about a year. Ball brings more than 25 years of experience to Redstar, inc...
As gold exploration cools globally, the search for the precious metal is once again heating up in the larger Pogo Mine region of Interior Alaska. One of the reasons this region continues to be a hotbed of gold exploration is Sumitomo Metal Mining Pogo LLC’s success in finding and expanding new deposits of high-grade gold on its Pogo Mine property, which anchors the Goodpaster Mining District. Another dozen promising prospects found beyond the borders of the Pogo Mine claims a...
Although news from the mining industry is generally limited this time of year, several items of import over the past month bear discussion. Alaska suffered a tragedy with the recent passing of mineral industry giant Chuck Hawley, one of Alaska's most talented and respected geologists. Although Chuck loved the mineral exploration game, he was far more than a geologist to many of us and to the state. His plus-50-year love affair with Alaska spanned some of the state's most...
The Association for Mineral Exploration British Columbia Jan. 27 awarded NovaCopper Inc. President and CEO Rick Van Nieuwenhuyse and former NovaCopper Vice President of Exploration Joseph Piekenbrock the 2015 Colin Spence Award for Excellence in Global Mineral Exploration. Nieuwenhuyse and Piekenbrock are being recognized for their success in defining and significantly expanding the Donlin Gold deposit in western Alaska, the Arctic copper-zinc-silver massive sulfide deposit in northwestern Alaska and for exploration success a...
After a particularly long and painful bear market for the mining sector, the more than 25 percent surge in gold prices since the beginning of the year is lifting the share price of mining and mineral exploration companies in Alaska. “It has been five very long years and hopefully this a start to what is going to be a good run,” Greg Beischer, president and CEO of Millrock Resources Inc., told an audience at a recent Alaska Miners Association meeting in Anchorage. While gol...
As a follow-up to last month's realization that once again "the game is afoot" in the mining industry, major gold producer Goldcorp recently presented some arresting statistics at the Bank of America Merrill Lynch Global Metals, Mining and Steel Conference. The presentation showed gold discovery and production information for the global mining industry that indicated that peak gold discovery occurred in 1995, this despite three periods between 1995 and 2015 when exploration...
Contango Ore Inc. Aug. 16 provided another round of drill results from the second phase of 2016 drilling at the Tetlin project near the crossroads town of Tok in eastern Alaska. The results, from 13 holes drilled in the North Peak and Connector zones, include the best intercept ever encountered at Tetlin when you consider the very high gold grade encountered over long lengths. TET16210, the last hole of the 2016 phase-1 program, carried out during the winter months, tested an...
Coventry Resources Ltd. Aug. 17 provided an update on its exploration of the high-grade Caribou Dome copper project in Southcentral Alaska. The company said mechanical issues it experienced with one of the two drills on site have been resolved, and nine holes were completed for 3,934 meters. This includes four holes drilled since the end of July that all cut copper mineralization. Coventry is very encouraged by two zones of copper-rich massive sulfide mineralization cut in...
From a Texas oilman discovering rich mineral prospects at Tetlin while investigating the natural gas potential of these Native owned lands to a royalty company setting aside its business model to get in on the ground floor of what is shaping up to be a multimillion-ounce deposit of high-grade gold lying alongside the Alaska Highway, Contango Ore Inc. is adding some intriguing new entries to the annals of Alaska geology. The latest chapter of the Tetlin story includes a US$11...
How much copper, gold and silver have been identified so far at the Island Mountain deposit? Thanks to Brazil Resources Inc., the new owner of the expansive Whistler property in Southcentral Alaska, we have the answer to this question which has lingered for the past five years. According to a maiden resource published April 18, Island Mountain adds 1.56 million ounces of gold, 3.34 million oz. of silver and 125.7 million pounds of copper to resources already identified at...
White Rock Minerals Ltd. March 28 said it has significantly expanded its Red Mountain volcanogenic massive sulphide project in the Bonnifield District of central Alaska by adding 85 mining claims to the original 25 mining claims that made up the project. The company said VMS deposits typically occur in clusters and the known deposits already identified within the Red Mountain project - Dry Creek and West Tundra Flats - provide valuable information with which to target...
Long, grueling, arduous, treacherous and painful are among the many adjectives, and sometimes expletives, used to describe the mining sector's nearly four-year bear market that is showing signs it is ready to hibernate. While Alaska's metal mines have not emerged from this enduring downturn unscathed, the sector remains largely intact and ready to ride metals prices higher. Together, Alaska's mines produced roughly US$2.76 billion of precious and base metals during 2015, down...
Alaska and the Yukon Territory continue to be perceived as among the best places in the world to seek and develop a mine, according to 449 mining executives who responded to the Fraser Institute's Survey of Mining Companies 2015. This group of miners, explorers and consultants ranked these northern neighbors as two of the richest mineral jurisdictions on Earth, but found certain mining policies in each a cause for concern. As a result, the mining leaders ranked Alaska sixth...
Although there is plenty of Alaska mining industry news this month, the big dog in the pen is the dramatic and unexpected run-up in the price of gold, which moved from a low of $1,078 per ounce to a high of $1,246/oz., most of which occurred after Feb. 1. Although profit-taking and other factors have caused the price to back off a bit, the move was both dramatic and unexpected. As you might guess, the ether is full of talking heads telling us why it went up, why it either won'...
Millrock Resources Inc. Jan. 29 reported that partnership agreements on its Alaska Peninsula and Estelle copper-gold exploration properties in Alaska have been allowed to lapse. After reviewing the results from the first round of drilling, First Quantum Minerals has elected not to renew its option to acquire a joint venture interest in the Alaska Peninsula property. No mineralization of significance was discovered in drilling at the Mallard Duck Bay prospect. Mineralization...
BCGold Corp. Jan. 25 said it has entered into a definitive agreement to purchase full ownership, subject to a 3 percent net smelter return royalty, of Gorilla Minerals' Wels gold property in western Yukon Territory. A pre-condition for this acquisition will be a corporate restructuring and the completion of a C$600,000 financing. Insiders and major shareholders from BCGold and Gorilla are expected to participate in this financing. To acquire the Wels property, BCGold will pay...
On Jan. 12, 2006, the first ore from high-grade underground gold reserves was fed into the mill at the Pogo Mine located near the community of Delta Junction in Alaska's Interior region. Ten years, four floods, two fires and some 3.1 million ounces of gold later, the operation is seen as an example of mining done right. Pogo General Manager Chris Kennedy shared a decade of travails and triumphs, and the lessons learned, during a presentation at the Jan. 21 Resource...
After 17 months of investigation, the U.S. Environmental Protection Agency Office of Inspector General said it could find no evidence that the federal agency was unfair while conducting an assessment of the Bristol Bay Watershed. The conclusion, however, runs counter to those of others who have reviewed the case. The EPA's Bristol Bay Watershed Assessment is a study of the potential risks large-scale mining might pose to the abundant fish resources in the Bristol Bay region...
Higher grades, increased milling rates and improved recoveries add up to a banner year for both the Kensington and Greens Creek mines in Southeast Alaska. Kensington, the youngest of the two mines located near Alaska's capital city of Juneau, got off to a slow start when owner Coeur Mining Inc. was finally able to begin operations in 2010. In recent years, however, the mine has steadily increased its gold output while reducing the costs to mine the precious metal -...
As the curtain rings down on 2015, the sound of clapping and cheering can already be heard from the mining industry as it anticipates the end of a largely depressing year which started out looking like the long-awaited industry recovery was going to happen but in the end, did not. The uncertainty brought on by this year's unsettling events was front and center in a recent round-table discussion hosted by Northern Miner, sponsored by PearTree Securities and entitled "New...
Constantine Metal Resources Ltd. Nov. 24 said the 2015 exploration program at the Palmer copper-zinc-silver-gold project in Southeast Alaska resulted in the discovery of new volcanogenic massive sulfide-style prospects; extension of the Palmer deposit; as well as engineering and environmental work that will be needed to advance the project to permitting. Regional exploration of the 100 percent Constantine-controlled Haines Block lands, which surround the core of the Palmer...
A four-year rout in metals, coal and oil prices left Alaska's mining community digging deep for reasons to be optimistic during their annual gathering at the Alaska Miners Association convention in Anchorage. While depressed metals prices naturally cut into the bottom lines of those companies mining gold, silver, zinc, lead and coal in Alaska, the effects reverberate across the entire mining community. In order to adjust to lower metals prices, the producers have cut back on...
Unlawful, unfair and unwise - this is how the leadership of the Pebble Limited Partnership characterized the U.S. Environmental Protection Agency's efforts to detrimentally limit the company's ability to apply for the permits needed to develop a mine at the world-class Pebble copper-gold-molybdenum project in Southwest Alaska during separate speeches delivered Nov. 5. "It is outrageous that one federal agency would bypass everything else, all the processes, come to a predeterm...
