The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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The COVID-19 pandemic has led NANA Corp. and its mining partners, Teck Resources Ltd. and Ambler Metals LLC, to adjust their mineral exploration and mine development plans in order to meet the ever-evolving health and safety mandates to keep shareholders, employees and residents of Northwest Alaska as safe as possible. "Although the pandemic was unexpected, learning to adapt is nothing new for the region and Iñupiaq people. For 40 years, NANA shareholders have supported... Full story
North of 60 Mining News is proud to introduce 20 questions for 2020. Over the course of this series, Mining News will interview mining and political leaders from Alaska, British Columbia, Northwest Territories, Nunavut and Yukon. Each interview will include 20 questions on mining, markets and doing business across Alaska and Canada's North. For the inaugural 20 questions for 2020, Mining News talks with Contango ORE Inc. CEO Rick Van Nieuwenhuyse, a longtime mining executive... Full story
Alaska's mining community lost a strong champion and friend with the passing of Sen. Chris Birch, R-Anchorage. Must Read Alaska, the first to report on Birch's passing, said the senator from South Anchorage died suddenly from a heart attack on Aug. 7. This article was followed by shock and an outpouring of support from the senator's friends and colleagues. "Life is short. We all know it, but it's easy to forget. Tonight, that simple fact snapped into focus when I learned of Ch... Full story
The Red Dog Mine has been a gamechanger for the more than 14,000 Iñupiat shareholders of NANA Corp., the Alaska Native Claims Settlement Act (ANCSA) regional corporation that owns the world-class Red Dog deposits in Northwest Alaska that are the source of around 5 percent of the world's new zinc supply each year. The revenues from shipping out more than 1 billion pounds of zinc annually, along with healthy portions of lead, silver and minor amounts of germanium, has served... Full story
Metallic Minerals Corp. Jan. 28 reported additional high-grade silver results from the 2018 exploration programs at its 100% owned McKay Hill Project, located 50 kilometers (30 miles) north of the historic Keno Hill Silver District in the Yukon. While McKay Hill is earlier stage than Metallic's Keno Silver project to the south, the company see's similar potential for a district-scale, high-grade silver-lead-zinc-copper system on the property. The company said its 2018 explorat...
It's clear by now that famed prospector Shawn Ryan has the Midas Touch when it comes to making significant mineral discoveries in the White Gold District of west-central Yukon Territory. During the past few weeks, junior mining company White Gold Corp. – which Ryan guides as chief technical advisor – reported not one, not two, but at least three significant gold discoveries in the region. White Gold's C$9 million, 14,500-meter exploration program for 2018 targeted expansion of...
White Gold Corp. reported additional high-grade drill and surface sampling results from the Vertigo and newly discovered Suspicion targets on the company's JP Ross property in Yukon's White Gold District. In mid-September, White Gold Corp. announced that the discovery hole at Vertigo cut 3.05 meters of 56.25 g/t gold from a depth of 3.05 meters. This high-grade section was part of a longer 10.67-meter intercept averaging 17.34 g/t gold. JPRVERRAB18-011, drilled 75 meters west...
White Gold Corp. Sept. 17 announced that it has tapped high-grade gold in the discovery hole at the Vertigo target on the company's JP Ross property in Yukon's White Gold District. Near surface gold mineralization was encountered at Vertigo earlier this year with a GT Probe, a track mounted sampling machine engineered by Dawson City-based GroundTruth Exploration. Designed to be more cost-effective and less environmentally invasive than traditional trenching, the GT Probe...
ATAC Resources Ltd. Aug. 28 said 2017 exploration results has outlined a rich silver-lead geochemical anomaly with multi-gram silver on its Connaught property, at the head of the Sixty Mile placer gold camp 65 kilometers (40 miles) west of Dawson City and 10 kilometers (six miles) east of the Alaska-Yukon border. Accessible by the Sixty Mile Road, which extends south from the Top of the World Highway, Connaught hosts more than 20 distinct silver-lead and gold veins, including...
Primarily associated with cans, cups and roofs, tin may not be the flashiest metal on the market, but it has been a strategic metal that has defined human progress since the onset of the Bronze Age around 5,500 years ago and is on the list of minerals critical to the security of the United States even today, according to the U.S. Geological Survey. "In a congressionally mandated U.S. Department of Defense study of strategic minerals published in 2013, tin was shown to have...
With more than 100 known tin occurrences, Alaska is considered the best place in America to establish a domestic source of this critical alloy metal that has defined human progress since the dawn of the Bronze Age. "Today, Alaskan tin deposits are known to be widespread, occurring from the central Alaska Range north to the Brooks Range and across Interior Alaska ... Southwest Alaska and the Seward Peninsula," according to the 1997 publication, Mineral Deposits of Alaska. And... Full story
More than three dozen explorers chased lucrative mineral deposits in Yukon Territory in 2017 and most of these junior and senior companies returned to the northern jurisdiction this year to take another crack at hitting the jackpot. Known for its rich and storied gold mining history as well as its rugged mountain peaks, Yukon is roughly 15 percent larger than California, covering more than 482,000 square kilometers (186,272 square miles). Split off from the Northwest... Full story
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... Full story
When Kaminak Gold Corp. cut a deal with Shawn Ryan, an enterprising prospector in Yukon Territory, to option the Coffee gold project in 2009, the exploration company had a hunch it nabbed the best property in the emerging White Gold district. After six years of diligent and well-executed exploration, the junior’s intuition may have been confirmed by Goldcorp Inc.’s willingness to cut a half-billion-dollar all-shares deal to get its hands on the exciting Yukon Territory gol... Full story
Mineral exploration in Yukon began 2016 much like it finished 2015... Challenging equity market conditions and cautious investors meant junior exploration companies started the season conservatively. The industry got a boost early in the season with the mid-May announcement of Goldcorp’s (www.goldcorp.com) interest in Kaminak Gold’s (http://kaminak.com) Coffee property. By the time Kaminak shareholders approved the C$520 million deal in July, companies were raising money, expanding field programs and making deals across the... Full story
Like a gong proclaiming the end of the long and arduous bear market for North of 60 mining explorers, the May 12 news that Goldcorp Inc. would buy Kaminak Gold Corp. for roughly C$500 million reverberated from Yukon Territory throughout the North. While the rich lure of developing a mine at Kaminak's robust Coffee gold project lured Goldcorp to the Yukon, it was the exploration potential and the ability to permit and build a mine that convinced the producer to expand into the...
Roads to some of Yukon's richest mining districts are getting more than C$360 million in upgrades. Canada Prime Minister Justin Trudeau rolled out the plans to invest in modern transportation infrastructure during a visit to the territory on Sep. 2. "Modern infrastructure is key to developing and properly managing the incredible natural resources we have at our fingertips," Trudeau said. The prime minister pledged C$247.8 million to the Yukon Resource Gateway project, a... Full story
Goldcorp Inc.’s half-a-billion-dollar purchase of Kaminak Gold Corp. and the Coffee Gold project in Yukon Territory in 2016 marked a major shift for North of 60 mining explorers. Junior mining explorers typically look to the investment community for the venture capital needed to discover rich deposits of minerals. In turn, major mining companies come along and buy the mineral-rich project or the company that discovered it, typically providing a handsome return for the j... Full story
As some of the world's biggest gold miners nab exciting plays that turned up across Yukon Territory during the past decade, Yukon's mining explorers continue to seek the next generation of mine projects in the northwestern-most Canadian territory. Many of the up and coming mines in Yukon also are getting a boost from C$360 million in upgrades to roads into some of Yukon's richest mining districts. Known as the Yukon Resource Gateway project, the endeavor to modernize... Full story
Following up on the discoveries made during a C$1 billion exploration explosion in the Yukon from 2007 until 2013, five of the world's largest gold producers are leading a second wave of the 21st Century Yukon Gold Rush. Kinross Gold Corp., which operates the Fort Knox Mine in neighboring Alaska, was the first of the majors to grab a foothold in the Yukon when it acquired the White Gold property in 2009. The real rush of majors to the westernmost Canada territory, however,... Full story
Goldcorp Inc. has significantly strengthened its foothold on properties across northern Canada in recent months. Beyond the famed C$520-million acquisition of the Coffee Gold project in Yukon Territory, the Vancouver B.C.-based gold producer is investing heavily in junior exploration companies with gold exploration projects in British Columbia, Nunavut and Yukon. In January Goldcorp forked over roughly C$35 million to buy a 12.5 equity interest in Auryn Resources Inc., which...
After eight years of battling anti-mining policies being promulgated by the Obama Administration, the National Mining Association is cautiously optimistic about the positive change in the tone and substance of U.S. resource development policies since Donald Trump has moved into the White House. “The November election ushered in a surprisingly swift and dramatic change, particularly in the way people in Washington D.C. view natural resources,” NMA President and CEO Hal Quinn said during a June 28 keynote speech at the Res... Full story
Independence Gold Corp. May 31 announced plans for a C$2-million exploration program in the Yukon this year that will include drilling at its Boulevard gold project, adjacent to Goldcorp's Coffee project, and geochemical sampling on several of the company's Yukon properties and other property acquisitions. Goldcorp has invested in Independence and currently owns 19.9 percent of the exploration company. During the 2017 program, Independence plans to continue systematically...
Independence Gold Corp. June 8 said it has staked a 4,835-hectare (11,950 acres) property west of Dawson City and next to the Yukon-Alaska border. Known as Stinger, this property is situated at the headwaters Yukon's Sixtymile, a mining district that has produced more than 500,000 ounces of placer gold. The Stinger property benefits from access via a network of placer mining and prospecting roads that connects with the Top of the World (Taylor) Highway. The claims were acquired using a proprietary stream sediment dataset that...
Independence Gold Corp. July 6 announced the start of its 2017 Yukon exploration program. The primary focus of this program is to define additional gold mineralization within the Sunrise-Sunset zone at the company's Boulevard project, adjacent to Goldcorp's Coffee gold mine project. The Company also plans to complete regional exploration activities to discover new targets on Boulevard and its other White Gold District properties. "The Yukon is a great jurisdiction to invest and explore in and we are excited to continue our wo...
