The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 776 - 800 of 922
Kinross Gold Corp. - operator of the largest gold mine in the Tintina Gold Belt - has embarked on a treasure hunt in hopes of identifying another Fort Knox-like deposit in this gold-rich province. The Tintina belt is a boomerang-shaped swath of land that spans the breadth of Alaska, through the Yukon Territory and into northern British Columbia. While Kinross works to extend the mine life of Fort Knox after 13 years of production through drilling, the Toronto-based miner is also investing in junior explorers with promising pr...
KRX: TSX-V President and CEO: Gerald G. Carlson Non-Executive Chairman: William M. Sheriff Vice President, Exploration: J. Greg Dawson Copper Ridge Explorations Ltd., incorporated 1983 British Columbia as Payday Resources Inc., has a diversified commodity focus including base metals, precious metals, uranium and tungsten. Copper Ridge's exploration philosophy is to maximize the potential for success in a high-risk business. The company believes that with grassroots mineral exploration where the entry cost is low but the... Full story
Most of the mining companies looking for minerals in northern British Columbia ushered in 2009 with high hopes and little else. "It's a perfect storm. The credit crunch in the world financial system has led to a worldwide recession and a collapse in commodity prices. In equities, there is nowhere to hide. Financing has become expensive and difficult to get. I have never seen more difficult conditions for junior resource companies in my entire career," said Hard Creek Nickel Corp. President and CEO Mark Jarvis in describing...
Since Mantra Mining Inc. emerged as the vehicle in which NovaGold Resources Inc. would spin off its noncore assets, the Vancouver B.C.-based junior has positioned itself to become a major player on the Alaska mining scene. In 2009 Mantra acquired whole or part interest in more than 417,000 acres of mining properties in western Alaska, assembled an impressive management team and board of directors (including two Thayer Lindsley award winners) and raised C$5 million to...
When Greg Beischer and Phil St. George teamed up to form Millrock Resources Inc. early in 2007, they set out to make big discoveries that would attract the interest of the world's mining giants. The Millrock team has the background to know what global mining companies are looking for and the geological expertise to find it. Beischer, the Vancouver B.C.-based junior's president and CEO, spent two decades working for Inco Ltd., now a subsidiary of global mining giant Companhia... Full story
Finalizing a deal initiated in 2008, Yow Capital Corp., now Caribou Copper Resources Ltd., began exploring the Caribou Dome copper property in Southcentral Alaska, about 160 miles, or 257 kilometers, northeast of Anchorage. In rapid-fire fashion, the new Alaska explorer secured an option to acquire the high-grade copper project, closed a C$1.2 million financing and began mobilizing equipment for a late-season drill program at Caribou Dome that began in September. Deal delayed...
Alix Resources Corp. geologists spent the summer investigating the junior's two new gold properties in Alaska and the Yukon Territory. Joining the 2009 gold rush to the White District south of Dawson City, Alix purchased lode quartz mineral claims six kilometers, or nearly 4 miles, east and slightly north of the White Gold Project where Underworld Resources Ltd. made a significant gold discovery in the Golden Saddle zone in 2008. Alix said its 500-plus-hectare, or about 1,205-... Full story
As the active exploration season winds down in Alaska, both good news and bad is afoot and both sets of news turn out to be the same data. Double speak you say? Read on and judge for yourself. Halifax-based Metals Economics Group announced some preliminary numbers relating to worldwide mineral industry exploration for 2009. The group estimates that worldwide exploration spending will drop to US$8.4 billion in 2009, a 40 percent decrease from the US$14 billion spent in 2008.... Full story
Thanks to one junior's report of encountering substantial gold mineralization this season near the old Red Cliff Mine in Northwest British Columbia's Stewart Mining District, a gaggle of excited juniors are grabbing up mineral claims and leases in the area. The small but growing stampede to Stewart surfaced in September after Decade Resources Inc. released assay results from the first few holes drilled in its 2009 exploration program. Vancouver, B.C.-based Decade reported intersecting 28.4 meters grading 7.3 grams per metric... Full story
Reclamation is a critical element of modern mining and mine planning. In Alaska, companies who wish to extract minerals from the earth must first present a plan on how they propose to return the disturbed land to a reusable state and post financial assurances that they will complete the job. Planning for what the site will look like and be used for begins before any mining is started. The information needed to design a successful reclamation plan is gathered from the...
Kinross Gold Corp. subsidiary, Fairbanks Gold Mining Inc., recently received accolades for its reclamation of Fish Creek, a stream draining the Fort Knox gold mine area. The Alaska Conservation Alliance and the Resource Development Council presented the Tileston Award, which celebrates resource developers whose success is measured both in their positive effect on Alaska jobs and economy as well as the state's environment, at a ceremony on Oct. 1. The reason the efforts by the...
Finalizing a deal initiated in 2008, Yow Capital Corp., now Caribou Copper Resources Ltd., has set out to explore the Caribou Dome copper property in Southcentral Alaska, about 160 miles, or 257 kilometers, northeast of Anchorage. In rapid-fire fashion, the new Alaska explorer secured an option to acquire the high-grade copper project, closed a C$1.2 million financing and began mobilizing equipment for a late-season drill program at Caribou Dome. While in transit to the...
Built on a project generator model, Millrock Resources Inc. has teamed up with Kinross Gold Corp., Altius Resources Inc. and Vale Exploration Canada to seek out and explore new large gold and copper projects in Alaska and Arizona during a tough financial market. "Millrock continues to march steadily forward, meeting corporate milestones in a timely manner despite challenging market conditions," Millrock President and CEO Gregory Beischer said. "The company has acquired an... Full story
LIVENGOOD - From the surface, there is nothing outstanding about the low-lying hills that cover International Tower Hill Mines Ltd.'s gold project. The birch and black spruce-covered terrain is typical of the vast expanse of Alaska's Interior. But the Vancouver-based junior has unveiled a multimillion-ounce gold deposit here, lying in the shadows of the appropriately named Money Knob. The rapidly expanding deposit has, at last official count, 288 million metric tons of ore...
The recession is taking its toll among mining companies with properties in Alaska and northwestern Canada as mergers and acquisitions surged in this sector during the second quarter, in step with a global industry trend. Companies across the exploration and development spectrum from mining giants to the smallest juniors closed on deals with firms that are struggling to survive the recent cash crunch as independent entities. The Wall Street Journal reported in early August that according to data provider Dealogic, value of... Full story
Kinross Gold Corp. - operator of the largest gold mine in the Tintina Gold Belt - has embarked on a treasure hunt in hopes of identifying another Fort Knox-like deposit in this gold-rich province. The Tintina belt is a boomerang-shaped swath of land that spans the breadth of Alaska, through the Yukon Territory and into northern British Columbia. While Kinross works to extend the mine life of Fort Knox after 13 years of production through drilling, the Toronto-based miner is...
I have been reading the tea leaves and think there is an extremely important sequence of events unfolding that represents a golden opportunity for Alaska. Please bear with me as I try to wade through the logic of this and you can tell me what you think. About two months ago, Brent Cook, a well-known mining analyst and owner of Exploration Insights, published a rather illuminating article entitled "Where Have All the Gold Mines Gone?" The upshot of his article was that most...
A gold mining group looking north from Nevada where it has been focused in recent years is seeing what many other explorers have noticed before them - the Tintina Gold Belt that stretches across Interior Alaska and Yukon Territory offers the handsome prospect of a major gold discovery. But the difference for Golden Predator Royalty & Development Corp. is that it is prepared to back up its conclusions with the hard work and financial capital necessary to not only find the gold but bring it into production in short order.... Full story
A stroll through the "Gold" exhibit at the Anchorage Museum of Art and History can transport visitors through six millennia of man's captivation with the brilliant metal. The journey explores the unique characteristics of this precious and rare element that made it the prize of ancient civilizations, a standard of wealth and an invaluable metal to modern technology. The more than 300 golden objects on display include examples of the first gold coins minted in ancient Lydia...
Despite stellar drill results from an aggressive 2008 program at the 40 Mile Project in eastern Alaska, Full Metals Minerals Corp. is slowing the pace of exploration on the 242,000-acre property this year. 40 Mile encompasses numerous lead-zinc-silver targets as well as prospective gold and copper showings. Full Metal's exploration of the West Little Whiteman, Little Whiteman, and Fish prospects resulted in the discovery of a previously unknown mineral district containing multiple occurrences of massive to semi-massive to... Full story
Fire River Gold, a junior exploration company focused on gold exploration in Alaska and Canada, has issued 2 million common shares at a per-share price of C30 cents in an initial public offering. The IPO, which closed May 22, netted nearly C$500,000. Fire River Gold is one of two known Canadian junior miners to successfully close an IPO in 2009, according to company officials. Fire River is scheduled to begin trading on the Canadian National Stock Exchange under the symbol,...
Since Mantra Mining Inc. emerged in September as the vehicle in which NovaGold Resources Inc. would spinoff its non-core assets, the Vancouver B.C.-based junior has positioned itself to become a major player on the Alaska mining scene. Over the past eight months, Mantra has acquired whole or part interest in more than 417,000 acres of mining properties in western Alaska, assembled an impressive management team and board of directors (including two Thayer Lindsley award winners...
If it were entirely up to Copper Ridge Explorations Inc., the project generator would explore most of its mineral properties in Yukon Territory, northern British Columbia and Alaska this summer. But tough economic times have forced the Vancouver, B.C.-based junior to pick and choose among its 12 key projects, betting precious dollars on a handful of ideas that could pay off with additional exploration by catching the eye of future partners or investors. Fortunately, some of Copper Ridge's projects have already hit that magic...
Copper Ridge Exploration Inc. got its start 10 years ago when Gerald Carlson and Mark Fields organized the company. Prior to forming Copper Ridge in 1999, Carlson was president and CEO of La Teko Resources Ltd., which held gold claims near the Fort Knox Mine in Interior Alaska. Fields also worked for La Teko until Fort Knox owner Kinross Gold Corp. acquired that junior. The geologist also was involved in the acquisition and development of the Diavik diamond mine for Rio Tinto Ltd., and has since moved on to other ventures....
Nunavut Territory's next mine appears to be a winner. On track to begin initial gold production in early 2010, the Meadowbank Project promises to deliver the best of what those who pressed for the creation of the territory had in mind - a mining venture capable of doing the heavy lifting needed to improve the local standard of living by providing steady, good-paying jobs along with significant public revenue. The Meadowbank property is located in the Kivalliq region of Nunavut and lies in the Third Portage Lake area, about...
