The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 75 of 171
Millrock Resources Inc. and Resolution Minerals Ltd. Aug. 17 reported that drilling is now underway at the Echo target on the 64North gold project in Alaska's Goodpaster Mining District. The roughly 160,000-acre 64North gold project includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide. Under a deal cut with Millrock Resources Inc. last year, Resolution has the option to earn a 60% interest in this large gold p...
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...
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...
Millrock Resources Inc. and Resolution Minerals Ltd. have resumed the highly anticipated drilling at the 64North project in Alaska's Goodpaster Mining District. The exploration partners got an early start to 2020 exploration on this property immediately west of Northern Star Resources Ltd.'s Pogo gold mine but were forced to idle down the drills due to health and travel concerns related to the COVID-19 pandemic. Drill crews completed one hole at a secondary target, which was s...
Tectonic Metals Inc. June 2 announced plans to raise an additional C$3 million to fund 2020 drill programs on two of its Alaska properties – Tibbs and Seventymile. In April, Doyon Ltd. invested US$1.5 million (C$2.1 million) to acquire a 16.1% strategic ownership of Tectonic. An Alaska Native Claims Settlement Act (ANCSA) regional corporation, Doyon owns 12.5 million acres of land spanning Alaska's Interior, making it the largest private landholder in the state and one of t...
Northway Resources Corp. May 26 announced plans to carry out mapping, sampling, and geophysics to refine gold targets on its Healy and Napoleon gold projects in Alaska's Eastern Interior region. Formed in 2018 and taken public last year, Northway is TSX Venture Exchange-listed company that focused its 2019 exploration primarily on Healy, a discovery stage gold project in the vicinity of Northern Star Resources 10-million-ounce Pogo Gold Mine property. Healy was first identifie...
Millrock Resources Inc. and Resolution Minerals Ltd. May 13 announced the balance of assay results from winter drilling at the 64North project in Alaska's Goodpaster Mining District and plans for late-May resumption of the program that was cut short due to COVID-19 concerns. Millrock's 64North project includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide – covering roughly 160,000 acres in Goodpaster, a gol...
Millrock Resources Inc. and Resolution Minerals Ltd. March 30 announced a temporary COVID-19-related suspension of drilling at the 64North gold project adjacent to the Pogo Mine property in Alaska's Goodpaster Mining District. Though the drill crew was completely isolated, and thus in a very safe location for COVID-19 risk, it was the preference of the drilling contractor to allow its personnel to return to their families in the Lower 48 before conditions or travel...
Following the pouring of the 4 millionth ounce of gold at the Pogo Mine, Northern Star Resources Ltd. Executive Chairman Bill Beament sat down with Mining News to talk about what this milestone means for the Interior Alaska gold mine; the Australia-based mining company's progress since acquiring Pogo; keys to Northern Star's success; and the vast mineral potential at Pogo and across Alaska. Q. Over the past decade, Northern Star Resources Ltd. has grown from a single-asset...
Goodpaster Mining District, Alaska – At noon on Friday, Feb. 21, 2020 a roughly 815-ounce gold bar containing the 4 millionth ounce of gold recovered from rich deposits at the Pogo Mine was cooling. While this was a momentous occasion for an Interior Alaska gold mine that began commercial production in 2007, it also seemed to mark a changing of the guard for this operation that is transitioning to a renewed life under the ownership of Northern Star Resources Ltd. "It is a...
Millrock Resources Inc. and Resolution Minerals Ltd. are gearing up for an early March start of drilling on the West Pogo property, part of the larger 64North gold project in Alaska's Interior. Previously known as the Goodpaster project, 64North includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide – covering roughly 160,000 acres in the Goodpaster District, a gold-rich area anchored by Northern Star Resources Ltd...
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...
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...
Resolution Minerals Ltd. (formerly Northern Cobalt Ltd.) Dec. 16 announced that it has formally entered into an option to joint venture Millrock Resources Inc.'s 64North gold project in Alaska. Previously known as the Goodpaster project, 64North includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide – covering roughly 160,000 acres in the Goodpaster Mining District, a gold-rich area of Interior Alaska anchored by...
As the year winds down, mineral industry evaluations for 2019 are being published at a rapid rate. One of the most interesting such global reviews is EY Global Mining and Metals' annual "risk radar" for mining and metals, outlining what mining companies perceive as the top ten risks facing them in the near future. This publication stated that, for the second straight year, "social license to operate" remains the number one risk facing mining companies in 2020. This was...
Northern Cobalt Ltd. (now Resolution Minerals Ltd.) Nov. 22 reported that the West Pogo access road has reached high-priority drill targets at Aurora Creek and a well is being drilled in preparation for a winter drill program slated to get underway by mid-February 2020. West Pogo is one of nine blocks of state of Alaska mining claims Millrock Resources Inc. has acquired and staked in the Goodpaster Mining District. Together known as the 64North (formerly Goodpaster) project, t...
Investors looking for mineral exploration companies boasting a team with a proven track record and gold properties in safe and mineral-rich jurisdictions have a new choice with the Tectonic Metals Inc. symbol, TECT, listed on the TSX Venture Exchange at the opening of trading on Nov. 18. While Tectonic may be the newest mineral explorer on the TSX Venture Exchange, the company has been acquiring and assessing gold properties in Alaska for the past two years as a privately...
Millrock Resources Inc. Nov. 4 reported that all the pieces are falling in place for an early 2020 drill program at West Pogo, one of nine blocks of claims that make up the company's district-scale Goodpaster gold project in Interior Alaska. In mid-October, Australia-based Northern Cobalt Ltd. cut a deal to earn up to a 60 percent interest in the Goodpaster project by investing US$20 million in exploration, plus paying US$200,000 in cash and issuing 38 million in Northern...
Whether it be precious metals such as gold and silver, base metals like copper and zinc, or battery metals like nickel and cobalt, northern British Columbia is rich in the type of metal deposits that junior mining companies are hoping to discover and majors are wanting to mine. Couple this mineral endowment with good infrastructure – especially stacked up against the other jurisdictions in the North of 60 Mining News coverage area – and northern B.C. continues to draw str...
The two mega-mergers that hit the gold mining sector early in 2019 – Barrick Gold Corp. combining with Randgold Resources Ltd. and Newmont Mining Corp. acquiring Goldcorp Inc. – is forever changing the gold mining landscape around the world. While the two largest gold mining companies Newmont Goldcorp (No. 1) and Barrick (No. 2) are still in the process of shedding assets following the mega-mergers, it seems that Newmont Goldcorp will emerge with a much stronger foothold in...
The Goodpaster Mining District in Interior Alaska adds credence to the sourdough mining adage "gold is where you find it." Unlike the 8.3 million ounces of placer gold recovered from the Fairbanks Mining District to the west, 1.2 million oz from the Circle Mining District to the northwest or 20 million oz from Yukon's Klondike District to the east, the Goodpaster Mining District has thrown off a paltry 2,050 oz of placer aurum. Yet, Northern Star Resources Ltd.'s Pogo Mine in...
Emerging on Alaska's exploration scene in 2018, Tectonic Metals Inc. is a new junior mining company that applies a business-first strategy to managing the risks inherent to advancing grassroots gold discoveries to a multi-million-ounce gold reserve that global mining companies want to buy and the local people want to see developed into a mine. "Junior mining is 99 percent risk, the failure rate is huge, yet nobody has any protocols in place for managing the risks," Tectonic...
Primarily focused on gold, copper and silver, Millrock Resources Inc. is a project generating mineral exploration company that has built a large portfolio of highly prospective mineral exploration properties in Alaska, British Columbia and Mexico. Many of the projects the company has generated have been sold recently to other companies in exchange for cash and shares of the company acquiring and exploring the project. For 2019, Millrock focused largely on amassing a large...
Tectonic Metals Inc. July 20 announced that drills are turning on its Tibbs Gold project less than 22 miles (35 kilometers) from Northern Star Resources Ltd.'s high-grade Pogo Gold Mine in Alaska's Goodpaster Mining District. Immediately following a roughly 2,500-meter rotary air blast drill program at Tibbs, Tectonic will launch the first drill program in more than two decades at Seventymile , an eastern Alaska gold project that covers a more than 25-mile- (40 kilometers)...
