The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Third batch of ore processed elevates company's 2024 total to $40.5 million for 42,000 oz of gold from Alaska mine. Contango Ore Inc. Dec. 19 received a cash payment of $9 million for the profits from its 30% share of the gold and silver recovered during the processing of the third batch of ore from Manh Choh Mine. Under the Peak Gold Joint Venture between Kinross (70%) and Contango (30%), high-grade ore mined at Manh Choh Mine is trucked roughly 240 miles to be processed...
Yukon-focused explorer's namesake now hosts 2.3 million oz of gold in all resource categories. White Gold Corp. Nov. 19 reported that its White Gold project in the Yukon now hosts 1.2 million ounces of gold in indicated resources and another 1.12 oz in the inferred category. This marks a 4.3% increase in the gold contained within the indicated resource and an 18.5% increase in the gold reporting to the inferred category, when compared to a calculation completed in April of...
Soil sampling identifies prospects near the Fort Knox Mine and Golden Summit properties. Felix Gold Ltd. Dec. 3 reported that a systematic sampling program has identified two gold targets on the NE Fairbanks project about 10 miles (16 kilometers) east of the NW Array gold-antimony deposit on the company's Treasure Creek project in Alaska. The new gold targets are found on the Everest and Point Break claim blocks located approximately about a half mile (one kilometer)...
Chena Flood Plain Bridge weight restrictions and heavier ore expected to lower 2025 gold production to around 200,000 oz. Contango Ore Inc. Nov. 29 reported that new weight restriction placed on the Chena Flood Plain Bridge is expected to impact the quantities of ore transported from the Manh Choh gold mine near Tok, Alaska, to Kinross Gold Corp.'s Fort Knox Mine north of Fairbanks for processing. Under a joint venture partnership forged between Kinross (70%) and Contango...
High-grade ore from Manh Choh elevates gold output at Interior Alaska mine above 149,000 oz during Q3. Kinross Gold Corp. Nov. 6 reported that its Fort Knox Mine in Alaska produced 149,093 ounces of gold during the third quarter of 2024, which is more than double the 69,914 oz produced during the previous three-month period and the 71,611 oz produced during the third quarter of 2024. This significant jump in production at the iconic mine about 20 miles north of Fairbanks,...
Tests show high gold recoveries from run-of-mine material at the Southwest Alaska project. Tectonic Metals Inc. Sept. 19 reported that recent metallurgical testing demonstrates the potential for high gold recoveries from a low-cost run-of-mine heap leach operation at its Flat project in Southwest Alaska. "Our initial heap leach results mark a major milestone for the Flat Gold Project, a bulk-tonnage gold system showing continued strong geological similarities to Kinross...
Freegold Ventures continues to expand and upgrade world-class gold deposit just outside of Fairbanks, Alaska. Freegold Ventures Ltd. Sept. 10 reported that the Dolphin-Cleary deposit at its Golden Summit project about 25 road-miles north of Fairbanks, Alaska, now hosts 23.8 million ounces of open-pit mineable gold in all resource categories, plus 1.1 million oz of underground mineable gold. While this deposit is already world-class in size, there is substantial evidence that t...
Second campaign expected to generate another 10,000 oz of gold for Contango Ore, which will fund other direct shipping ore mines in Alaska. After receiving roughly $32 million of gold and silver in August from the first direct shipping ore processed under its hybrid royalty model, Contango Ore Inc. reports that Kinross Gold Corp. is processing the second batch of high-grade ore from Manh Choh through the mill at its Fort Knox Mine north of Fairbanks, Alaska. "It is great to...
Contango ORE receives $32.2 million of gold and silver from the first direct shipping ore processed under its hybrid royalty model. Since the July 8 pouring of the first bar of gold, the Kinross Alaska mill recovered approximately 55,000 ounces of gold and 11,000 oz of silver from ore shipped from Manh Choh, a mine being operated under the Peak joint venture between Kinross Gold Corp. (70%) and Contango ORE Inc. (30%). For Contango, this marks the first revenue generated...
Contango ORE buys the Golden Zone and Amanita exploration projects held by Avidian Gold Alaska. Avidian Gold Corp. Aug. 7 announced that it has finalized the sale of its Alaskan subsidiary, Avidian Gold Alaska Inc., to Contango ORE Inc. for $2.4 million (C$3.3 million), plus a potential future payment of $1 million (C$1.4 million) if Contango decides to develop a mine at the mineral exploration projects that came with the sale. With the purchase, Contango ORE gains ownership...
Manh Choh underscores the potential of Contango's Hybrid Royalty Model to unlock the value of orphaned high-grade mineral deposits. The pouring of the first bar of gold from the Manh Choh Mine was a momentous occasion for Contango ORE Inc., Kinross Gold Corp., Tetlin Village, and others involved in the development of Alaska's newest gold mine. Two unique business models that led to the early July gold pour, however, could be more valuable than the 600 ounces of gold in the...
Next set of assays reveal high-grade gold and significant resource expansion potential at Valley. Snowline Gold Corp. Aug. 7 announced more significant drill results from its ongoing exploration campaign at Valley within the company's Rogue project in Yukon, Canada, including a remarkable 471.6 meters averaging 2.4 grams per metric gold from surface. Holding seven prospective targets across the Yukon, Snowline's portfolio is split between its Rogue, Einarson, Ursa, Cynthia,...
Mining's benefits to the state's economy are poised to grow as the world seeks sustainable sources of the minerals Alaska is enriched with. A new study carried out by Alaska-based McKinley Research Group found that mining and minerals exploration contributed over $2.5 billion to Alaska's economy during 2023. "The mining industry continues its role as a powerhouse of Alaska's economy, partnering with local communities to drive significant economic benefits and support...
Company drills mineralization similar to past hundreds-of-meters-long results; grade and footprint surpass recent resource estimate. Snowline Gold Corp. July 24 announced that the first 2024 holes drilled at the Valley deposit in Yukon not only returned extensive mineralized intervals reminiscent of past 400- to 500-meter results but have also outperformed the initial resource estimate recently reported. "We are encouraged by such a strong start to our 2024 exploration...
Unique mining company adds new high-quality Alaska asset to portfolio just two days after its transition to gold producer. Contango ORE Inc. July 10 announced the completion of its acquisition of HighGold Mining Inc., a junior mineral exploration company that comes with the 1-million-ounce Johnson Tract gold project in Southcentral Alaska. "(W)e believe the combination of HighGold and Contango makes a tremendous amount of strategic sense," Contango ORE President and CEO Rick...
Kinross and Contango celebrate the pouring of first bar from gold project that boosts Fort Knox production, elevates junior to producer status. FORT KNOX MINE, ALASKA (July 8, 2024) – On a momentous occasion for both companies, Kinross Gold Corp. and Contango ORE Inc. celebrated the pouring of the first gold bar from the Manh Choh project in Alaska. Being operated under a joint venture between Kinross (70%) and Contango (30%), Manh Choh is a high-grade gold project on lands o...
HighGold shareholders overwhelmingly vote in favor of joining Alaska's next gold-producing company. In an embrace of Contango ORE Inc.'s unique vision of transforming high-quality projects into Alaska's next gold mines, HighGold Mining Inc. shareholders nearly unanimously approved a deal to merge with the Alaska-based gold company. During a special meeting held on June 27, 93.7% of HighGold shareholders approved the proposed merger with Contango. "We are very pleased to have t...
Inaugural resource is from Snowline's first two years of drilling; this year's program aims to grow the Yukon deposit, test new prospects. After just two seasons of drilling, Snowline Gold Corp. has reached a significant milestone with the unveiling of a multi-million-ounce gold resource for the Valley deposit on the company's Rogue property in the Yukon Territory. Exploring seven prospective targets across the Yukon, Snowline's portfolio is split between its flagship Rogue,...
Newest gold deposit in the Fairbanks Mining District hosts nearly half a million oz of the precious metal; newly opened claims unlock growth potential. Felix Gold Ltd. June 20 announced that it has outlined 467,000 ounces of gold in an inaugural resource for the NW Array deposit on the company's Treasure Creek project about 12 miles north of Fairbanks, Alaska. "We are delighted to announce this maiden inferred mineral resource at NW Array, which represents a significant...
Agrees to sell Golden Zone, Amanita projects for up to $3.4 million in cash and Contango Ore shares. Avidian Gold Corp. May 2 announced that it has entered into a binding agreement to sell its Alaskan subsidiary, Avidian Gold Alaska Inc., to Contango ORE Inc. for US$2.4 million (C$3.3 million), plus a potential future payment of US$1 million (C$1.4 million) if Contango takes either of Avidian's Alaska assets to a production decision. "This transaction is a win-win,...
Buyout will bring Johnson Tract into Contango Ore's pipeline of high-quality Alaska gold mine projects. In a deal that brings three high-quality Alaska gold projects into a single portfolio, Contango ORE Inc. has entered into a definitive agreement to acquire HighGold Mining Inc. in an all-shares deal valued at roughly $37 million (C$55 million). "The combination of HighGold and Contango makes a tremendous amount of strategic sense for both sets of shareholders – it is a t...
Junior explorer has explosive 2023, confident of potential RIRGS deposits on Yukon property. Rackla Metals Inc. April 1 announced the results from its 2023 exploration program on the company's Peak target located within the Kelvin Stock of the Astro Plutonic Complex in Yukon, Canada. A Vancouver-based junior gold exploration company Rackla Metals, not to be confused with the Rackla property, is advancing projects located in eastern Yukon, and western Northwest Territories,...
With metallurgical tests returning an average of 90% gold recoveries, Felix looks ahead to first resource calculation for emerging gold deposit. Felix Gold Ltd. April 10 reported that recent metallurgical test work returned strong gold recoveries for the oxidized material within the Northwest Array (NW Array) target at Treasure Creek, which lays the groundwork for calculating a maiden resource for this gold-antimony project about 12 miles west of Kinross Gold Corp.'s Fort...
Less ore through the mill and lower grades impact production; Manh Choh remains on track for Q3. Kinross Gold Corp. May 7 reported that its Fort Knox Mine in Alaska produced 53,350 ounces of gold during the first quarter of 2024, which is a 37% drop from the 84,215 oz produced during the previous three-month period and 18% lower than the 65,387 oz produced during the first quarter of 2023. Due to the effects of cold weather on recoveries from the heap leach pad, a drop in...
Plans to carry out drilling to expand high-grade gold resource; primary focus remains on NW Array gold. Felix Gold Ltd. March 15 announced that it is taking a fresh look at a potential pathway to establishing a mine at the historical Grant gold mine a few miles northwest of Fairbanks, Alaska. A high-grade deposit was discovered at Grant in 1926 and small-scale mining was carried out there until 1942. Interest in the high-grade gold deposit was renewed in the 1970s and mining...
