The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 50 of 83
Grande Portage Resources Ltd. Oct. 1 reported that it cut 52.34 grams per metric ton gold across 2.71 meters about 170 meters east of any other drilling into the Goat vein on the company's Herbert Gold project in Southeast Alaska. Located about 16 miles north of Juneau, Herbert Gold hosts 1.88 million metric tons of indicated resource averaging 10.03 grams per metric ton (605,000 ounces) of gold; plus 553,429 metric tons of inferred resource averaging 14.15 g/t (251,700 oz)...
Grande Portage Resources Ltd. Aug. 20 reported visible gold in two holes in unexpected veins tapped during the 2020 program at its Herbert Gold project just north of Juneau, Alaska. These VG intercepts were in two holes – DDH 20T-6 and DDH 20T-7 – drilled 120 meters east of any previous holes targeting the footwall of the Goat Vein and within an area 150 meters south of the vein. Each hole cut two intervals of quartz veins. The 2.58-meter intercept in DDH 20T-7 included coa...
Grande Portage Resources Ltd. June 30 announced the start of an 18- to 20-hole drill program that includes resource expansion and exploration drilling at its Herbert Gold project in Southeast Alaska. Located about 16 miles north of Juneau, Herbert Gold hosts 1.88 million metric tons of indicated resource average 10.03 grams per metric ton (605,000 ounces) of gold; plus 553,429 metric tons of inferred resource averaging 14.15 g/t (251,700 oz) gold. This resource is contained wi...
Grande Portage Resources Ltd. May 7 said it plans to move ahead with 2020 exploration at its Herbert gold project near Juneau, Alaska and is taking the necessary steps to organize for a drill program slated to get underway in July. "We're looking forward to proceeding on schedule with 2020 drill program and further demonstrating the potential at the Herbert gold project," said Grande Portage Resources President and CEO Ian Klassen. The company has already received its drill...
Grande Portage Resources Ltd. April 8 announced it has received regulatory approval for a 2020 drill program at its Herbert Gold project within the Juneau Gold Belt in Southeast Alaska. The company is now monitoring the COVID-19 situation to determine the public health impact of coronavirus and the best course for moving forward. "Our business continuity plans have been fully mobilized in response to the COVID-19 global pandemic," said Grande Portage Resources CEO Ian...
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...
Grande Portage Resources Ltd. Nov. 19 reported that recent metallurgical tests show that gravity plus floatation has the potential to recover more than 97 percent of the gold and 90 percent of the silver from the vein material at its Herbert Gold project in Southeast Alaska. The company submitted samples collected from two different veins on the Herbert property to an independent lab in British Columbia for testing. Sample 54543 was taken from a 1.59-meter channel cut...
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,...
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...
Grande Portage Resources Ltd. July 29 announced the start of a summer field program at its Herbert Gold project in Southeast Alaska that includes trenching and channel sampling across the Deep Trench and Main veins, as well as prospecting other potential veins running across this property north of Juneau. According to a calculation completed in May, Herbert Gold hosts 1.88 million metric tons of indicated resource average 10.03 grams per metric ton (605,000 ounces) of gold;...
In the famous words of Sherlock Holmes, the game is afoot! After seasonally slower news from Alaska's mining industry in March and April, the dam has broken with over two dozen Alaska mining project news releases issued in the last month. Including those projects moving forward that have not released their 2019 plans, Alaska has become a very busy place under the sun. All of our major metal mines reported strong performances in the first quarter, several of Alaska's most...
Grande Portage Resources Ltd. May 7 announced a significant expansion of resources at its high-grade Herbert Gold project in Southeast Alaska. Herbert Gold now hosts 1.88 million metric tons of indicated resource average 10.03 grams per metric ton (605,000 ounces) of gold. This is more than double the 267,950 oz of gold reporting to the indicated category in a resource calculated for the Juneau area gold project in 2018. In addition, Herbert Gold hosts 553,429 metric tons of...
Seeking economic and cultural prosperity for its more than 22,000 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...
Those of you that attended the recent Cordilleran Roundup Convention in Vancouver can attest to the exuberant, upbeat atmosphere that pervaded the conference and was very much in evidence at the standing-room only festivities at our annual self-hosted Alaska Night meet and greet. But digging down under this veneer of optimism, many of the junior explorers and most of the producers admitted to their expectations of challenging times in 2019. Putting words to this apparent...
I, for one, feel vindicated, relieved and ready to face the New Year! How so, you ask? Please let me explain. For those of you who remember my column in November, I noted that EY Global Mining and Metals publishes an 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 was for the years 2017-2018 and stated that "Our number one risk this year is digital effectiveness." If you...
Grande Portage Resources Ltd. Jan. 8 announced the discovery of a new gold zone directly beneath a drill pad used to target the high-grade gold veins at the company's Herbert Gold project a few miles north of Juneau, Alaska. This drill pad, M18, was constructed in an area of low topographic expression and was situated on overburden consisting of talus mixed with glacial outwash and alluvium. There was no outcropping bedrock near the drill pad so the discovery of near-surface...
Grande Portage Resources Ltd. Jan. 3 reported that drilling has cut gold in the North Vein, which marks the fifth subparallel gold structure confirmed with drilling on the company's Herbert Gold project a few miles north of Juneau, Alaska. "We are pleased to have identified another subparallel mineralized structure bringing the total to five structures with attendant splays, spanning approximately one kilometers east-west," said Grande Portage Resources President Ian Klassen....
As the year waned, Alaska's mining industry reported some of the last of its 2018 seasonal field results while the University of Alaska and state of Alaska released some current and projected state-wide economics. At the same time, some macro-economic data was released for the global mining industry. Combined, these figures show a mix of encouraging and not so encouraging trends facing the Alaska mining industry. At the global scale, things for the mining industry are looking...
Grande Portage Resources Ltd. Nov. 27 reported another high-grade gold intercept for this year's drilling at the Goat Vein on the company's Herbert Gold project in Southeast Alaska. Hole 18M-12, drilled from the north side of the Goat Vein, intersected the main structure at a depth of roughly 230 meters. The main Goat Vein structure at this depth is 9.9 meters wide, including a 6.37-meter interval (4.97 meters true-width) just above the footwall that averaged 24.39 grams per...
As Alaska's mining industry nears the end of another hectic year during which metals prices and investor sentiments rose and fell as precipitously as the world's major stock exchanges, the industry is naturally looking into its crystal ball trying to anticipate what the new year will bring. EY Global Mining and Metals does this sort of forecasting by putting out an annual "risk radar" for mining and metals. The idea is to find out what the industry perceives as the top ten...
Grande Portage Resources Ltd. Oct. 29 said drilling has tapped high-grade gold in the Goat vein on the Herbert Gold project in Southeast Alaska. Earlier this year, Grande Portage reported very high-grade gold results from two channel samples cut across an outcropping section of Goat Vein. One of these sample returned 129.02 g/t (3.76 oz/t) gold and 68 g/t silver over 1.12 meters; and the second returned 290 g/t (8.46 oz/t) gold and 224 g/t silver over 1.02 meters. Hole DDH18M-...
Grande Portage Resources Ltd. Oct. 22 reported results from the first two holes of a 15-hole drill program out at the company's Herbert Gold project in Southeast Alaska. These initial holes of the 2018 season targeted the central Deep Trench, the southernmost of three major veins drilled so far at Herbert. Hole 18S-1 cut 2.81 meters (2.47 meters true-width) averaging 15.76 grams per metric ton gold and 8.7 g/t silver. Hole 18S-2 cut 9.08 meters (4.81 meters true-width) averagi...
Grande Portage Resources Ltd. Oct. 15 said recent metallurgical testing shows excellent gold recoveries from samples of the mineralized veins at the company's Herbert Gold project in Southeast Alaska. Samples collected from two different veins at Herbert Gold – Deep Trench and Goat – returned higher than 97 percent gold recoveries using either gravity-floatation or whole-ore cyanidation gold extraction techniques. One sample taken from a 1.12-meter channel cut per...
Grande Portage Resources Ltd. Oct. 10 said channel sampling of a recently exposed section of quartz vein supports the company's belief that Goat Vein could be another prolific, high-grade gold structure on the company's Herbert Gold property in Southeast Alaska. Herbert Gold hosts 1.1 million metric tons of indicated resource averaging 7.25 grams per metric ton (267,950 ounces) gold; and 423,200 metric tons of inferred resource averaging 6.04 g/t (82,200 oz) gold, according to...
Thanks largely to increased investments from Aussie mining explorers, mineral exploration spending across Alaska topped US$100 million in 2018. This is well above the roughly US$95 million invested last year and nearly double the US$58 million spent at the bottom of the market in 2015. "Canadian and Australian companies continue to be the source for the bulk of funds spent in Alaska in 2018, together comprising well over 80 percent of the exploration expenditures earmarked...
