The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 801 - 825 of 922
International Tower Hill Mines Ltd. wrapped up a winter drill program at the Livengood gold project about 70 miles north of Fairbanks April 20. The 10,000-meter program that began in February encountered an unexpected area of higher-grade mineralization to the southwest of the 6.7 million-ounce gold resource outlined by previous drilling. "We are having some good luck in the southwest extension of the deposit. We have run into another higher-grade portion of the deposit," Inte...
There are some new stats out from the State of Alaska that I thought you might like to see. For 2008, the Alaska mining industry accounted for 3,500 direct jobs and 5,500 indirect jobs. The industry doled out US$350 million in payroll with the average salary totaling US$82,600 per year, which is 90 percent higher than the statewide average for all sectors. Mining salaries were higher than all other sectors, except for the oil and gas sector. The industry paid US$105 million in...
Yukon Territory has one producing mine, the Minto copper-gold-silver operation near the Yukon River north of Whitehorse. During 2008, more than 150 active hardrock exploration projects in the territory, 73 of which recording spending greater than C$100,000, and 22 posted outlays greater $1 million. Here's a look at some of the mining companies active in Yukon Territory. Producing mines Sherwood Copper Corp., now a part of Capstone Mining Corp., took the Minto Mine, Yukon Territory's only producing hard rock mine, to new...
Committee Bay Resources Ltd. completed a 5-to-1 share consolidation in February. The restructured company also changed its name to CBR Gold Corp. As a result of the name change, the company began trading on the TSX Venture Exchange under the new stock symbol CBG March 2. The newly consolidated company is currently planning to spend about C$5 million in 2009 on its two advanced exploration projects in North America; the Niblack gold-copper rich volcanogenic massive sulfide...
The gold resource at International Tower Hill's Livengood project has grown by more than 350 percent over the past year. A Jan. 28 resource estimate of 6.8 million ounces of gold makes the project one of the largest new gold discoveries made anywhere in the world in the last decade. International Tower Hill Mines Ltd. President and CEO Jeff Pontius told Mining News the original target of a 7 million-ounce gold resource by mid-year 2009 has been bumped to 8 million ounces...
The Alaska mining industry was relatively quiet over the last month with most of the news coming from programs completed in 2008. In addition, some programs have already started in 2009 but details are not ready for prime time gossip. A couple items that did catch my eye from the bigger world markets underscore the fact that opportunities still exist in this depressed economic climate and serve to magnify the pitfalls of government intervention in the private sector. The...
The Prospectors and Developers Association of Canada is set to recognize Richard Garnett and NovaGold Resources Inc. for their role in the discovery and exploration of the multimillion-ounce Donlin Creek gold deposit in Southwest Alaska. The Thayer Lindsley Award for an international mineral discovery will be presented to the explorers March 2 at the organization's 2009 International Convention, Trade Show and Investors Exchange. This annual award, which honors the memory of...
The discovery story of the multimillion-ounce gold deposit at Donlin Creek began in 1909 when prospectors rushed through the region following news that gold had been discovered on the George River about 50 miles to the southwest. For the next 25 years, hand and hydraulic placer mining continued on Donlin Creek in Southwest Alaska. In 1941 Robert Lyman started the modern era of placer mining on Donlin Creek. Signing away his entire winter salary, the hardworking miner put a...
Australian Mineral Fields believes it is onto a world-class gold discovery in Interior Alaska. The Perth, Australia-based junior considers its innovative exploration techniques, used to uncover high-grade gold deposits in the Eastern Goldfields of Western Australia, uniquely suited for locating high-grade mineralization at the Tushtena gold project about 20 miles west of Tok. The Western Australia-focused exploration company was not looking to expand its operations to the...
Yet another junior exploration company prospecting for precious and base metals in the mountains of central Yukon has come home with a shiny new prize. ATAC Resources Ltd. struck gold last summer in the mineral-rich hills of the Tombstone Mountains. In August ATAC reported a significant discovery on the Rau property in the Keno Hill District at the northern edge of the prolific Tintina Gold Province, a banana-shaped belt of mostly intrusion-related gold deposits that stretches more than 1,000 miles across Yukon and Alaska....
NovaGold Resources Inc. is beginning 2009 with an infusion of cash. In two separate deals, the Vancouver B.C.-based miner sold enough of its equity to raise $75 million, funds it will use to pay debt and to advance three projects. During a Jan. 12 interview, NovaGold President and CEO Rick Van Nieuwenhuyse told Mining News that moving its huge gold project at Donlin Creek in southwestern Alaska into permitting will be the company's focus in 2009. NovaGold is a 50-50 partner wi...
As 2008 winds inexorably to a close, I found myself looking for words adequate to describe what will go down in history as one of the most memorable years in many a moon. Words like tumultuous, unpredictable, singular, turbulent, chaotic, confusing, and unsettling hardly do justice to the past year's events. As usual, the mining industry played its small but vital role in the scheme of world events. The first half of the year brought stratospheric commodity prices, while the...
One of the techniques that miners use to effectively and quickly mount a mining exploration program in the wilds of Alaska and Northwestern Canada is to hire out to knowledgeable contractors much of the work involved, including the actual exploring and decision-making. But it takes a very special kind of temp agency to fulfill such demanding job requirements. Equity Exploration Consultants Ltd. is one firm that has met this need for 20 years. The Vancouver, B.C.-based consultant has racked up considerable international...
In an economic climate that is causing most juniors to scale back exploration projects, International Tower Hill has expanded its exploration program at the Livengood gold property north of Fairbanks. The addition of a winter exploration program, scheduled to begin in February 2009, is the result of the success of the junior's 2008 summer program. Vancouver, B.C.-based International Tower Hill updated its resource estimate for Livengood by including about half of the assay...
ANDREW PROJECT, Yukon Territory - If Australia-based Overland Resources gets its way, this remote valley in eastern Yukon may become home to the next lead-zinc mine in the Far North. And if development plans currently being discussed by the aggressive junior come to fruition, the Port of Skagway could provide facilities for loading the mine's metal concentrates onto oceangoing barges bound for Asia. Overland has set its sights on defining and developing a growing base metal resource that began with discovery of the Andrew...
A decade after first kicking rocks around the Palmer Project, Constantine Metal Resources Ltd. President and CEO Garfield MacVeigh and Constantine's new Vice President of Exploration Darwin Green have reunited to uncover what they hope will be a mammoth in a land of elephants. According to Mac Veigh, Constantine was formed to explore the Palmer volcanic massive sulfide property when the company was incorporated in March 2006. The Palmer Project, located about 35 miles northwes...
The national sucking sound of venture capital exiting the mining industry has now expanded to a worldwide sucking sound as virtually all of the world's economies fight the massive, unprecedented credit crunch which started in the U.S. The mining industry is certainly not alone in feeling the down turn but its effects in Alaska began to be felt last month and continued this month as projects were shortened, plans down-sized or programs cancelled, all in an effort to preserve...
HOWARD'S PASS, Yukon Territory - In this wide, alpine valley that snakes across the border into the Northwest Territories at its southeastern tip, one of the world's largest zinc-lead-silver properties may slumber. First drilled by a joint venture between Placer Dome and Cygnus Mines Ltd. in the 1970s and 1980s, the mineralized zones here are strung along 65 kilometers, or 40 miles. Junior Selwyn Resources Ltd, formerly Pacifica Resources Ltd., believes the property contains more than the 500 million metric tons of indicated...
Ontario-based YOW Capital Corp. is taking a fresh look at the Caribou Dome high-grade copper property in Southcentral Alaska, about 160 miles, or 257 kilometers, northeast of Anchorage. Caribou Dome was known as the Denali copper prospect when it was staked in 1963 for Leo Mark Anthony, owner of C-D Development Corp. An extensive exploration program carried out from discovery until 1971 outlined a high-grade copper deposit on the property, but due to the fine-grained nature...
DAWSON CITY, Yukon - Atop a wooded peak in this land of mountains and deep valleys near the confluence of the White and Yukon rivers, a New Zealand-based miner is hard at work exploring for gold. Underworld Resources Inc., a junior organized in 2007, has come to the Far North in hopes of making a commercial discovery at the White Gold and Black Fox Gold properties in west central Yukon Territory, about 95-123 kilometers, or 59-76 miles, by air south of Dawson City. Organized with an initial public offering in March 2007, Unde...
CARMACKS - Western Copper Corporation said its Casino copper-gold-molybdenum deposit in central Yukon Territory has the potential to be developed economically as a sizable open-pit mine. The porphyry deposit at Casino is the latest in a long line of precious- and base-metal zones of mineralization in the area to be considered for extraction. It is considered unique among Canadian porphyry deposits, with a substantially preserved oxide gold leach cap, a well-developed supergene or near-surface, copper-enriched zone, and a...
Full Metal Minerals reported assay results July 16 showing indium among metals present in the LWM deposit at its Fortymile property in East-Interior Alaska. The Vancouver, B.C.-based junior mining company also released results from another nine holes drilled at the high-grade zinc-silver-lead-copper deposit. Among highlights of the assay results: LWM08-28: 1.6 meters true width averaging 26.2 percent Zinc, 14.3 percent Lead and 246.0 g/t Silver LWM08-32: 19.9 meters true width averaging12.5 percent Zinc, 8.1 percent Lead and...
Everyone who is planning to work on Alaska mineral projects in 2008 is busy doing just that as the longest day of summer quickly approaches. Programs ranging from grass-roots prospecting to multimillion-dollar feasibility studies are spread over the entire state with the most active areas being Western and Interior Alaska. With the new resources for Donlin Creek now out, my unofficial records show Alaska's total gold resources at more than 169 million ounces, with gold discovery rates during the past 10 years averaging more...
Two Vancouver B.C.-based explorers, Committee Bay Resources Ltd. and Niblack Mining Corp., have agreed to join forces. The companies have penned an initial agreement in which Committee Bay would acquire all of Niblack's securities in a one-to-one swap. Committee Bay is also investigating the possibility of advancing C$10 million to fund exploration and development of Niblack's gold-silver-copper-zinc volcanic massive sulfide property in Southeast Alaska. Though the proposal...
Pacific North West Capital and Stillwater Mining Co. have begun the 2008 drilling program at the Goodnews Bay Platinum Project in Southwest Alaska. The $1 million program has two primary targets, Last Chance and Susie West prospects, defined with rock and soil sampling programs in 2006 and 2007. In addition to about 3,000 meters of core drilling planned at Last Chance and Susie West, the companies will also continue an auger soil sampling program on Susie Mountain which will...
