The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Dowa agrees to hand over SE Alaska project and pays American Pacific $10 million for guarantee on 50% of zinc concentrates from future mine. American Pacific Mining Corp. has entered into an agreement with Dowa Metals & Mining Alaska Ltd. to acquire 100% ownership of the Palmer copper-zinc-gold-silver project in Southeast Alaska. American Pacific gained a roughly 45% joint venture in Palmer through the 2022 acquisition of Constantine Metal Resources Ltd., which was advancing...
First batch of drill results help define resource as American Pacific and Dowa prepare new technical report for high-grade Alaska copper-zinc project. American Pacific Mining Corp. Oct. 31 reported the first batch of assays from a 15-hole drill program carried out this year to upgrade and expand the high-grade copper and zinc mineralization at its Palmer project in Southeast Alaska. Lying at the north end of the Southeast Alaska Panhandle, Palmer hosts 4.68 million metric...
Positive visual results encourage partners to expand program at copper-zinc VMS project in Alaska. American Pacific Mining Corp. Aug. 29 announced the completion of the drilling portion of a $12.8 million (C$17.5 million) exploration and development program budgeted for the Palmer copper-zinc-gold-silver project in Southeast Alaska. "We are delighted to have completed another successful exploration program with zero incidents or injuries throughout the summer," said American...
American Pacific, Dowa begin 2024 program at copper-rich VMS project in Southeast Alaska. American Pacific Mining Corp. June 18 reported that it has launched a 5,100-meter drill program focused on upgrading and expanding the high-grade copper-zinc-silver-gold mineralization at its Palmer volcanogenic massive sulfide (VMS) project in Southeast Alaska. "We are excited to begin this year's drill program at Palmer," said American Pacific CEO Warwick Smith. "In a world that is...
American Pacific Mining outlines plans to test copper-rich resource expansion targets during 2024 drilling at high-grade project in SE Alaska. American Pacific Mining Corp. March 25 outlined plans for a US$12.8 million resource expansion exploration program this year at the high-grade Palmer volcanogenic massive sulfide (VMS) project in Southeast Alaska. Being advanced under a joint venture between American Pacific and Dowa Metals & Mining Company Ltd., Palmer hosts 4.68...
With Donlin Gold reentering the feasibility study stage, Ambler Metals waiting on the reevaluation of the permit needed for a road to the Ambler Mining District, and an overall lack of investment capital, mineral exploration spending in Alaska dropped during 2023. While the overall sector was down, there continued to be some bright spots – most notably, a growing interest in Alaska's critical minerals potential. In July, the U.S. Department of Defense awarded Graphite One I...
American Pacific Mining Corp. landed on the North of 60 Mining New scene with the 2022 buyout of Constantine Metal Resources Ltd., giving the company a roughly 45% interest in the Palmer volcanogenic massive sulfide project in Southeast Alaska. This project is being advanced under a joint venture with Dowa Metals & Mining Company Ltd. that was established before American's acquisition of Constantine. A preliminary economic assessment that was updated in 2022 outlines an...
American Pacific reports four of the most significant copper intercepts at Palmer to date. American Pacific Mining Corp. Jan. 10 reported multiple holes with spectacular copper grades over wide widths at Palmer, a volcanogenic massive sulfide project near the port town of Haines in Southeast Alaska enriched with zinc, copper, gold, and silver. According to a 2018 calculation, the Palmer project hosts 4.68 million metric tons of indicated resource averaging 5.23% (539 million...
American Pacific Mining Corp. Nov. 14 reported additional high-grade copper and zinc assays from the 2023 drill program at its Palmer volcanogenic massive sulfide project near the town of Haines in Southeast Alaska. A preliminary economic assessment that was updated prior to American Pacific's acquisition of a roughly 45% joint venture interest in Palmer late last year outlines an underground mine and a 3,500-metric-ton-per-day mill at the project that would produce 1.07 billi...
American Pacific Mining Corp. Oct. 18 announced the initial results from its finished 2023 field program at its Palmer copper-zinc project in Southeast Alaska. Located in the Porcupine Mining District near the town of Haines, Alaska, Palmer is an advanced-stage, high-grade volcanogenic massive sulfide-sulfate deposit operated under Constantine North Inc., a subsidiary of American Pacific, and funded as part of a joint venture with Dowa Metals & Mining Co., Ltd. "The 2023...
American Pacific Mining Corp. Oct. 4 announced that it is wrapping up the 2023 field program at Palmer with roughly 500 meters of drilling to test a new target on this advanced-staged zinc-copper-silver-gold exploration project near the town of Haines in Southeast Alaska. A preliminary economic assessment that was updated prior to American Pacific's acquisition of a roughly 45% joint venture interest in Palmer late last year outlines an underground mine and a...
American Pacific Mining Corp. Aug. 8 reported that the 2023 drill program at Palmer has cut up to 43-meter-thick zones of volcanogenic massive sulfide mineralization that include veinlets of native copper at this high-grade zinc-copper-silver-gold project in Southeast Alaska. "Drilling progress is ahead of schedule, and we are pleased to report that semi-massive and massive sulphide mineralization has been observed over drilled thicknesses of approximately 40 metres within...
American Pacific Mining Corp. June 19 announced the start of a 9,000-meter resource upgrade and expansion drill program at Palmer, a high-grade volcanogenic massive sulfide project in Southeast Alaska enriched with zinc, copper, silver, and gold. American Pacific gained a roughly 45% interest in this advanced-stage polymetallic mine project through the acquisition of Constantine Metal Resources Ltd. in October of last year. Dowa Metals & Mining Company Ltd. owns the remaining...
American Pacific Mining Corp. April 24 announced that a US$25.5 million (C$34.5 million) budget has been approved for the 2023 work program at Palmer, which will be the largest single-season program ever carried out at this high-grade volcanogenic massive sulfide project in Southeast Alaska. A 2019 preliminary economic assessment that was updated early in 2022 outlines plans for an underground mine and 3,500-metric-ton-per-day mill at Palmer that would produce 1.07 billion...
Gold dominates Alaska mineral exploration, but a critical shift arises. Since the discovery of gold in what is now the Alaska capital city of Juneau, prospectors, geologists, and fortune seekers have spent more than 140 consecutive summer seasons exploring The Last Frontier's golden potential. With these endeavors turning up rich aurum lodes in every corner of the state, except for the oil-rich North Slope, the nearly century-and-a-half tradition of seeking and discovering wor...
With the buyout of Constantine Metal Resources Ltd., American Pacific Mining Corp. gained a roughly 45% ownership of the Palmer zinc-copper-silver-gold-barite mine project in Southeast Alaska. Being advanced under a joint venture with Dowa Metals & Mining Alaska Ltd., Palmer hosts two adjacent volcanogenic massive sulfide deposits with a combined 4.68 million metric tons of indicated resource averaging 5.23% (539 million pounds) zinc, 1.49% (154 million lb) copper, 30.8 grams...
American Pacific Mining Corp. Oct. 31 finalized the acquisition of Constantine Metal Resources Ltd., providing the well-funded exploration and development company a roughly 45% interest in Palmer, a volcanogenic massive sulfide zinc-copper-silver-gold-barite mine project being advanced under a joint venture with Dowa Metals & Mining Alaska Ltd. "This is a transformational step for American Pacific as the Palmer Project gives us an established PEA-stage asset with a tremendous...
"What is the impact of not mining in Alaska?" Liz Cornejo, vice president Dowa Metals & Mining Alaska, asked during the 2022 Alaska's Minerals: A Strategic National Imperative summit. For such a simple question, the implications are enormous. Alaska is practically synonymous with mining. Aside from the strong tourist appeal – which accounts for a large portion of the state's economy – the remaining economic contributors all come from natural resources. Fishing, mining, oil...
Russia's invasion of Ukraine, America's tenuous relationship with China, and global competition for the enormous volume of mined materials needed to build the envisioned clean energy future has elevated the urgency for the United States to bolster domestic critical mineral supply chains. For many, these geopolitical and economic realities have elevated the development of Alaska's incredible critical mineral resources to a national imperative. The urgency of this matter is why...
Under a deal announced on Aug. 15, American Pacific Mining Corp. will gain 44.9% ownership of the Palmer zinc-copper-silver-gold-barite mine project in Southeast Alaska through the acquisition of Constantine Metal Resources Ltd. Being advanced under a joint venture between Constantine and Dowa Metals & Mining Alaska Ltd., Palmer hosts 4.68 million metric tons of indicated resource averaging 5.23% (539 million pounds) zinc, 1.49% (154 million lb) copper, 30.8 grams per metric t...
Constantine Metal Resources Ltd. June 6 announced the appointment of Ernie Siemoneit to the position of project manager and senior engineer for the Palmer copper-zinc-silver-gold-barite project in Southeast Alaska. Based in Fairbanks, Alaska, Siemoneit brings more than 30 years of experience in management, mining engineering, and operations to the Palmer project. This includes deep knowledge of underground mine design, engineering support, mine system reporting, and...
Constantine Metal Resources Ltd. April 13 announced that US$17.98 million (C$22.7 million) has been budgeted for the 2022 work at Palmer, a zinc-copper-silver-gold-barite project in Southeast Alaska. "This is the single largest Palmer program and budget, and it will set the stage to initiate underground exploration to provide essential technical information to be included in a future feasibility study," said Constantine Metals Resources President and CEO Garfield MacVeigh. Loc...
Goldman Sachs' declaration that "copper is the new oil" may serve as a foreshadowing of Alaska's economic future, one that is not so heavily reliant on the revenues from petroleum flowing from the North Slope and leans more heavily on the state's rich endowment of precious, critical, and base metals. The investment bank's suggestion that copper is to become the strategically most important commodity on Earth is due to the vital role the conductive metal plays in global...
With the goal of establishing an underground mine at the Palmer volcanogenic massive sulfide project in Southeast Alaska, Constantine Metal Resources Ltd. and its joint venture partner Dowa Metals & Mining Alaska Ltd. focused their 2021 field program on geotechnical and environmental drilling to support the development of an underground exploration ramp and feasibility-level studies for a mine at this zinc-copper-silver-gold-barite project. According to the most recent...
Seeking economic and cultural prosperity for its more than 23,000 Tlingit, Haida and Tsimshian shareholders while also looking to provide even greater benefits for future generations, Sealaska takes a balanced approach to developing the resources growing above and stored beneath its lands in Southeast Alaska. This does not mean the Southeast Alaska Native Claims Settlement Act (ANCSA) corporation shuns mining or other resource development in its region, a nearly 600-mile...
