The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 76 - 100 of 185
Nova Minerals Ltd. Oct. 5 reported a 3.3-million-ounce gold resource for the Korbel deposit on the company’s Estelle gold project in Alaska. According to this updated calculation, Block B at Korbel hosts 291 million metric tons of inferred resource averaging 0.4 grams per metric ton gold. This is roughly a 32% increase over the maiden resource calculated for Korbel in 2019 and Nova expects to continue to grow the resource as drill results from an expanded 2020 drill program co...
Australia-based Nova Minerals Ltd. Aug. 31 announced it has plenty of cash in the bank to advance Korbel resource blocks A and B at its Estelle gold project in Alaska through the preliminary economic assessment stage and begin exploration of several nearby targets. Since the beginning of the year Nova has raised roughly A$15.8 million (US$11.7 million) through the exercise of 486.8 million options. "I would like to thank our shareholders for their continued support of Nova,"...
Nova Minerals Ltd. Aug. 26 reported high-grade gold samples collected from an outcrop at Cathedral, an exploration target about 1,200 meters southwest of Korbel Block B on the company's Estelle gold project in Alaska. Reconnaissance exploration at Cathedral target included sampling of quartz-arsenopyrite veining outcropping within the target area. Nova said the spectacular high-grade gold values of 2.97 to 114 grams per metric ton gold from this sampling elevates Cathedral to...
Nova Minerals Ltd. Aug. 19 said the 2020 drill program in Alaska continues to expand a very large and continuous gold system at the Korbel resource area toward the north end of the Australian explorer's roughly 18-mile- (29 kilometers) long Estelle property. Located about 100 miles (160 kilometers) northwest of Anchorage, Alaska's largest city, Estelle hosts 181.3 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 0.43...
Nova Minerals Ltd. July 15 reported long intercepts of gold mineralization in two more holes drilled into Korbel resource block B at its 54,400-acre (220 square kilometers) Estelle project in Alaska. "We are pleased to report more thick drill intercepts which are an exciting and significant development in our phase 1 resource upgrade with all holes hitting extensive mineralization," said Nova Minerals CEO Christopher Gerteisen. Situated roughly 100 miles (160 kilometers)...
Nova Minerals Ltd. July 23 reported more very wide gold intercepts in the first two 2020 holes drilled into the Korbel target on the Australian junior's Estelle gold property in Alaska. Located about 100 miles (160 kilometers) northwest of Anchorage, Alaska's largest city, Estelle hosts 181.3 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 0.43 grams per metric ton (2.5 million ounces) gold. This resource is...
Nova Minerals Ltd. May 24 said visual observation of core from this year's drilling at its Estelle project in Alaska indicates that mineralization extends beyond the inaugural 2.5-million-ounce inferred gold resource outlined in the Korbel deposit last summer. Though assays are pending, Nova said hole KBDH-002 cut quartz-arsenopyrite veinlets from near the top of the hole to a depth of 200 meters below the block model outline, which extends to a depth of nearly 300 meters....
4 is shaping up to be the best year for Alaska's mineral exploration sector in a decade – that was the message delivered by North of 60 Mining News in January. Now, just four months and one COVID-19 pandemic later, the aspirations of a banner year for the companies unlocking the Last Frontier's vast mineral potential are distant and likely unachievable. While some mineral exploration companies will be able to carry out their 2020 programs as anticipated, restrictions to "...
Nova Minerals Ltd. April 20 announced that the Alaska Industrial Development Export Authority (AIDEA) has approved a resolution authorizing an agreement to advance studies of the West Susitna Access Road, which would provide surface access to the resource-rich area of Alaska where Nova's Estelle gold project is located. "First and foremost, being Alaskan born and bred, I am extremely excited about this initiative for my people and state," said Nova Minerals CEO Chris...
In what appears to be a positive turn for the 2020 exploration season in Alaska, Nova Minerals Ltd. is preparing to have drills turning again soon at its 2.5-million-ounce Estelle gold project. The Australia-based explorer mobilized equipment and crews earlier this year to carry out an 18,500-meter 2020 phase-1 program at Estelle. Drilling got underway in February but was quickly wound down due to health concerns and restrictions related to the COVID-19 outbreak. Following a...
Nova Minerals Ltd. Feb. 17 announced the start of a 18,500-meter 2020 phase-1 program at its Estelle gold project in Alaska. "We are pleased to have commenced the 2020 drill program so early on in the season and look forward to an exciting growth period for Nova in 2020 with the view of significantly increasing the resource," said Nova Minerals Managing director Avi Kimelman. This resource development drilling program will initially target an area of Korbel Block B that is...
Nova Minerals Ltd. Jan. 15 announced it has raised A$4.3 million (US$3 million) to fund the early 2020 exploration program at its Estelle gold project in Alaska. Located about 100 miles northwest of Anchorage, Alaska's largest city, Estelle hosts 181.3 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 0.43 grams per metric ton (2.5 million ounces) gold. This resource, which the Australia-based explorer outlined during...
In November 1996, a little over 23 years ago, I began writing quarterly mining news summaries for the Society of Economic Geologists (SEG). Shortly after that, I began writing monthly summaries for this publication's ancestor, Mining News Alaska, and have continued both monthly, quarterly and annual mining news summaries ever since. With this summary, I have written my last Alaska update for North of 60 Mining News. When I wrote my first summary, Greens Creek was milling only...
Nova Minerals Ltd. Dec. 30 reported that initial metallurgical testing indicates strong gold recoveries from the Oxide Korbel deposit on its Estelle property in Alaska. The company had 25 samples from its drilling at Korbel analyzed for gold recoveries. With a 12-hour bottle roll test, 76 percent of the gold was recovered from one-kilogram samples. Nova said these results indicate the potential of establishing a low-cost, heap leach mining operation at Estelle, where the...
With two Australian companies making major investments and several exploration companies from Down Under chomping at the bit to get into the field, 2020 is shaping up to be the best year for Alaska's mining sector in a decade. When you add up the investments South32 Ltd. plans to make in the Ambler Mining District and other exploration projects; Northern Star Resources Ltd.'s spending at the Pogo gold mine; and the exploration dollars at least five other Aussie companies are...
Nova Minerals Ltd. Dec. 9 announced that it has defined targets for a roughly 25,000-meter resource expansion and exploration drill program at its Estelle gold project in Alaska. Located about 100 miles northwest of Anchorage, Alaska's largest city, Estelle hosts 181.3 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 0.43 grams per metric ton (2.5 million ounces) gold. This resource, which the Australia-based...
An abnormally long fall has allowed the Alaska mining industry to extend seasonal work well into mid-October, creating a lot of new information about project work conducted around the state. Exploration efforts, in particular, benefitted from this additional field time. Based on information available to date, 2019 exploration expenditures are expected to be in the $135-140 million range, well ahead of the $120-125 million exploration spending tracked for 2018. In addition,...
Nova Minerals Ltd. Sept. 30 said it is gearing up for a planned 25,000-meter drill program at its Estelle gold property in Alaska. The Australia-based explorer, which submitted applications for the permits needed to carry out the exploration and establish a permanent camp at Estelle, plans to have drills turning on the gold property in January. "We are currently in planning and permitting stage on the Estelle gold project and will be drilling as soon as permits are in," said...
If you have watched the metals markets over the last month, you know why Alaska's mineral industry has surged, stalled, swerved, swooped, slowed, shelved and stuttered, sometimes all at the same time! Gold has gone above US$1,500 per ounce; copper pundits are predicting an increasingly dour future; zinc markets are looking to dive below $1.00 per pound; tin markets have marched strongly upward due to supply disruptions; and silver bulls are calling for annual worldwide...
Nova Minerals Ltd. Sept. 17 announced that re-assaying of core from previous drilling has confirmed another potential gold deposit on its Estelle property in Alaska. Last week, the Australia-based explorer announced a maiden inferred resource of 181.3 million metric tons averaging 0.43 g/t (2.5 million oz) gold for the Oxide Korbel deposit at the north end of Estelle. Now, the company reports promising results from RPM, a target at the southern end of the roughly 18-mile-long...
Nova Minerals Ltd. Sept. 11 reported that it has outlined 2.5 million ounces of gold in a maiden inferred resource estimate for the Oxide Korbel deposit on the company's Estelle project in Alaska. Previously known as Oxide Ridge, the Oxide Korbel is located at the northern end of the roughly 18-mile-long Estelle property. The Oxide Korbel discovery hole, drilled by Millrock Resources Inc. in 2011, cut 450.7 meters averaging 0.38 grams per metric ton gold in an area Nova now...
Nova Minerals Ltd. Sept. 2 said results from this year's drill program at its Estelle gold project in Alaska has cut higher grade, near-surface mineralization within a bulk tonnage gold deposit at Oxide Korbel. Oxide Korbel is a prospect area that roughly covers an area previously referred to as Oxide Ridge toward the north end of the roughly 18-mile-long Estelle property. SE11-01, the Oxide Ridge discovery hole drilled by Millrock Resources Inc. in 2011, cut 450.7 meters...
As the rest of the country suffers through the Dog Days of summer, Alaska is approaching the end of a topsy-turvy summer season that saw unseasonably hot, dry weather in some parts of the state during some parts of the summer, while other parts of the state have seen record rainfall and unseasonably early snowfall. Gold prices have skyrocketed over the $1,500 per ounce mark and silver prices have moved strongly up, now trading at a one-year high. However, copper and zinc are a...
Nova Minerals Ltd. Aug. 12 reported that the preliminary resource drill program at its Estelle gold project in Alaska has been completed on time and under budget. As a result of the acceleration of its induced polarization (IP) geophysical survey and drill campaign this year, Nova said it has made significant headway toward reporting an initial Australian Joint Ore Reserves Committee- (JORC) compliant for Oxide Korbel, a new occurrence in the Oxide area at the north end of the...
Melbourne, Australia-based Nova Minerals Ltd. first looked north to Alaska late in 2017, when it acquired five Alaska properties – Estelle, a gold-copper-silver project about 100 miles northwest of Anchorage; Chip-Loy, a nickel-copper-cobalt-gold-silver-platinum group element project; Bowser Creek, a silver-zinc-lead project; Windy Fork, a rare earth elements property; and Ozzna Creek, a gold-silver-zinc-copper-lead property. Nova Minerals' 2019 exploration focused p...
