The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 151 - 175 of 570
Would you consider drinking heavy metals to make your stomach feel better? A serum containing arsenic, cadmium, lead or mercury would only make matters worse and could be deadly. Bismuth, the heaviest of the heavy metals, however, is swigged by millions of indigestion sufferers each year. In fact, stomach remedies such as Pepto-Bismol, along with cosmetic applications, are currently the largest market for bismuth. Being the only non-toxic heavy metal, bismuth is being...
Avidian Gold Corp. Dec. 17 reports that the second hole of its 2020 drill program at Amanita encountered the most significant gold intercept so far on this project that lies alongside the southern border of Kinross Gold Corp.'s Fort Knox Mine property in Alaska. This year, Avidian completed 1,945 meters of drilling in nine holes within the Tonsina trend, an 800-meter-wide structural corridor of gold mineralization that extends northeast from Amanita onto the Fort Knox...
Amongst the rarest of the stable elements on the periodic table and an important ingredient in the emerging thin-film solar panel sector, tellurium embodies what it means to be a metalloid – an element that possesses the properties of both a metal and non-metal – critical to the United States. "Most rocks contain an average of about 3 parts per billion tellurium, making it rarer than the rare earth elements and eight times less abundant than gold," the United States Geo...
Best known for its ability to resist heat and corrosion, antimony is in a wide array of consumer goods – from paints and plastics to batteries and wind turbines. This critical mineral is also used to make clearer glass for smartphones, computer screens and solar panels. "Today, antimony is used in lead-acid storage batteries for backup power and transportation; in chemicals, ceramics, and glass; in flame-retardant materials; and in heat stabilizers and plastics," the U.S. G...
Peak Gold LLC, a joint venture between Kinross Gold Corp. (70%) and Contango ORE Inc. (30%), have agreed to invest US$18 million during 2021 to carry out the work needed to complete a feasibility level study for establishing a mine at Peak Gold project in eastern Alaska. Toward a new strategy of acquiring high-grade gold from projects across Alaska to provide feedstock for the mill at its Fort Knox Mine about 25 miles north of Fairbanks, Kinross acquired a 70% JV interest in...
As a private company, Western Alaska Copper & Gold Company has done a great job steadily advancing the multiple precious and base metals deposits and targets across its 34,000-acre Illinois Creek Mining District property in western Alaska. Given the success of this work, especially a 2020 program that indicates the viability of resuming operations at the historic Illinois Creek gold-silver mine, management is taking the exploration company public on Canada's TSX Venture Exchan...
A highly anticipated and long-awaited batch of assay results show that Freegold Ventures Ltd.'s 2020 drill program at Golden Summit continues to tap bonanza grade gold along with the very wide sections of bulk tonnage mineralization for which the property is known. Located about 25 miles north of Fairbanks, Alaska and on the north border of Kinross Gold Corp.'s Fort Knox gold mine property, Golden Summit hosts 61.5 million metric tons of indicated resource averaging 0.69 g/t...
Alaska Department of Natural Resources and Department of Environmental Conservation Oct. 27 announced that reclamation of the True North gold mine north of Fairbanks has been successfully completed and certified. Kinross Gold Corp. operated the True North mine under a lease of state- and University of Alaska-owned land. Over a roughly four-year span ending in 2004, the company produced more than 490,000 ounces of gold from 11.7 million tons of ore trucked seven miles from...
In the few months since taking the helm at Contango ORE Inc., Rick Van Nieuwenhuyse has steered this unconventional mineral exploration company toward being the 30% owner of Alaska's next million-ounce gold producing mine. This coming mine at Contango ORE's Peak Gold deposit quickly surpassed Donlin Gold, Livengood, and other top contenders for Alaska's next large gold operation when Kinross Gold Corp. acquired a 70% interest in the high-grade gold project and unveiled a...
Kinross Gold Corp. Nov. 4 reported a significant increase in gold production and drop in costs at its Fort Knox Mine about 20 miles north of Fairbanks, Alaska. "At Fort Knox, we are very pleased with the results achieved during the quarter. And I'm happy to say we expect continuation of strong results going forward," Kinross Gold Chief Technical Officer Paul Tomory informed investors and analysts on Nov. 5. During the third quarter of 2020, Fort Knox produced 72,705 ounces of...
Kinross Gold Corp.'s new long-term strategy for its Fort Knox Mine is a paradigm shift for mineral exploration companies with gold projects on or near the road system within a 300-mile-radius of the iconic gold operation about 20 miles north of Fairbanks, Alaska. Under this new operating plan, Kinross is looking for Alaskan projects that can deliver high-grade ore to the underutilized 14-million-metric-ton-per-year mill at Fort Knox. "There is an economic radius around Fort...
A look at Kinross Gold Corp.'s newly optimized strategy for Fort Knox indicates that the iconic mine about 20 miles north of Fairbanks, Alaska will be producing upwards of 400,000 ounces of gold per year for most of the coming decade. The global gold producer introduced its new plans for Fort Knox during an Oct. 20 presentation that provided a more in-depth look into its plan to increase companywide gold output by 500,000 oz/year by 2023. This production growth strategy,...
Kinross Gold Corp. has agreed to pay US$93.7 million to buy a 70% stake in the Peak Gold project near the crossroads town of Tok in eastern Alaska, an acquisition slated to deliver high-grade feedstock to the mill at Kinross' Fort Knox Mine near Fairbanks. "The relatively high-grade, low-cost Peak Gold project is an excellent addition to our portfolio, as it allows us to leverage our existing mill and infrastructure at Fort Knox and strengthens our medium-term production and...
Doyon Ltd. is seeing a resurgence of mineral exploration on its lands across Interior Alaska, especially on gold properties held by the Alaska Native Claims Settlement Act regional corporation. Running the breadth of Alaska between the Brooks Range to the north and Alaska Range to the south, the Doyon region blankets a mineral-rich swath of Alaska's Interior that is nearly the size of Texas. Doyon itself, owns 12.5 million acres of land within this vast region, making it the...
With the price of gold at the threshold of US$2,000 per ounce and expected to climb higher, Kinross Gold Corp. plans to increase its global gold production by 20% over the next three years. And upping the gold output at its Fort Knox Mine a few miles north of Fairbanks, Alaska is expected to be a key contributor to this plan. Currently on pace to produce roughly 2.4 million oz of gold this year, Kinross is advancing a production growth strategy that is forecast to boost the...
Tectonic Metals Inc. has cut a deal with Doyon Ltd. that significantly expands its gold exploration properties in Alaska's Goodpaster Mining District and strengthens its mutually beneficial partnership with the Interior Alaska Native regional corporation. "We are committed to our goal of finding the next Alaskan gold mine and providing economic and social benefits to the communities in which we work and operate," said Tectonic Metals President and CEO Tony Reda. Under an agree...
Rising metal prices are helping to soften the blow COVID-19 has landed on Alaska's mining sector in 2020. While mining has been deemed an essential business in Alaska, which has helped keep the six large mines in the state operating during the pandemic, measures put in place to slow the spread of COVID-19 are weighing on production at some of these operations. Efforts to flatten the curve on the spread of coronavirus also disrupted several winter drill programs in Alaska,...
From sourdoughs dipping pans into creeks at the northern edge of the frontier to enormous haul trucks dumping ore on a heap leach pad, the story of Dublin Gulch is a 125-year saga of trials and triumphs that culminates in the rise of Eagle Gold, the largest gold mine ever to be built in the legendary Yukon Territory. Like many of the tales of Yukon and Alaska's gold rush days, the Dublin Gulch journey begins with Jack McQuesten, oft called the father of the Yukon, and his...
Resolution Minerals Ltd. July 27 said it is positioned to carry out the full US$5 million program this year at 64North, a gold exploration project next to Northern Star Resources Ltd.'s Pogo Mine in Alaska's Goodpaster Mining District. Earlier this month, Resolution announced a financing that will add A$4.6 million (US$3.3 million) to test high priority drill targets across the 64North projects. Under a deal cut with Millrock Resources Inc. last year, Resolution has the...
Millrock Resources Inc. July 29 reported it has secured exclusive rights to the Treasure Creek and Ester Dome gold exploration projects in the Fairbanks Mining District, adding to the company's portfolio in the Tintina Gold Belt. Treasure Creek is a roughly 34,600-acre land package about 20 miles west of Kinross Gold Corp.'s Fort Knox Mine, which has produced more than 8 million ounces of gold. According to Alaska Division of Geological and Geophysical Survey reports more...
Kinross Gold Corp. July 29 reported higher gold production and lower costs at its Fort Knox Mine in Alaska. During the second quarter of 2020, Fort Knox produced 56,031 ounces of gold, which is roughly an 8% increase over the 51,667 oz produced during the first quarter and slightly better than the 55,440 oz produced at the Interior Alaska mine during the second quarter of 2019. Kinross attributes the increased gold production to higher mill grades and recoveries, when...
Next year will mark the 175th anniversary of one of the greatest institutions in the world – the Smithsonian in Washington D.C. and certainly the pride of our nation's capital. The patron of this American Institution was a geologist who willed its creation with $500,000 in gold despite the fact that he had never stepped foot in the United States. The story behind the Smithsonian is an interesting one, but the gold that funded its founding tells an equally intriguing tale of fi...
Tectonic Metals Inc. June 25 announced that it has added a new gold property in the Goodpaster Mining District and acquired a dataset that will assist the company's exploration across this gold-rich region of Alaska's Interior. The new property, known as Maple Leaf, is roughly nine miles (15 kilometers) northeast of Tectonic's Tibbs project and about 31 miles (50 kilometers) east of Northern Star Resources Ltd.'s Pogo gold mine. The Tectonic team staked this 11,840-acre...
Freegold Ventures Ltd. June 16 announced the resumption of its 2020 program at Golden Summit with a planned 10,000-meter drill program targeting high-grade gold mineralization encountered on the property north of Fairbanks, Alaska earlier this year. A winter drill program that got underway in early March tested Freegold Ventures' theory that higher grade gold mineralization extends west from the historic Cleary Hill Mine, which produced 281,000 ounces of gold from ore...
White Rock Minerals Ltd. June 10 said a team of geologists is slated to explore the Last Chance prospect in preparation for the first drilling at this gold discovery on the company's Red Mountain project in Interior Alaska. A detailed regional stream sediment program carried out last year led to the discovery of Last Chance, which is located on the west end of White Rock's 216-square-mile (559 square kilometers) property about 60 miles (100 kilometers) south of Fairbanks. Whil...
