The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Pres. Trump vows to maximize Alaska's mining potential. As a state rich in gold, silver, copper, and 49 out of the 50 minerals deemed critical to the United States, Alaska is poised to benefit from rising precious metals prices and America's ambitions to become more self-reliant when it comes to producing the minerals and metals essential to the nation's economy and security. The importance of Alaska's rich natural resource endowment is recognized by incoming President Donald... Full story
Invents and executes "hybrid royalty" business model. The July 8 pouring of the first bar of gold from the Manh Choh Mine in eastern Alaska elevated Contango ORE Inc. from an Alaska-based mineral exploration company that got its start when a Texas oil executive discovered hard rock mineralization at Mahn Choh in 2009 to the newest gold producer in the state. "From the first discovery hole to pouring the first bar of gold emblazed with the special Manh Choh branding, it has... Full story
The July 8 pouring of the first gold bar from the Manh Choh Mine marked a new phase of roughly half-a-million-ounce-per-year gold production at Kinross Gold Corp.'s iconic Fort Knox Mine in Alaska. This new chapter for Fort Knox is the product of the global mining company's "Kinross Alaska" strategy – an initiative launched in 2020 to enhance gold production in Alaska by supplementing the primarily heap leach-grade ore mined from the Fort Knox property with higher-grade mill f... Full story
Natural gas shortage has GVEA generating more Usibelli coal-fired power on the supply side, discussing demand-side scenarios with Fort Knox. While the idea of rolling blackouts during the cold and dark days of an Interior Alaska winter is less than ideal, Golden Valley Electric Association (GVEA) cautioned its customers in Fairbanks and the surrounding area to be prepared for such a scenario. To help keep the lights on and the furnaces running, Alaska mines are adding coal to... Full story
After years of exploration and development, the project once known as Herbert Gold is positioning itself to likely become Alaska's next major gold producer. Supported by a newly updated mineral resource estimate, an ambitious mine plan, a partnership to construct essential infrastructure, and multiple rounds of funding, Grande Portage Resources Ltd. has set the stage for its transformation into a modern mining operation. In a nod to the region's rich mining heritage, Grande...
Having already outlined 25 million ounces of gold at Golden Summit, Freegold Ventures Ltd. focused its 2024 drill program on expanding the already world-class Dolphin-Cleary deposit to the west as it prepares for the start of a pre-feasibility study for this road-accessible project about 25 miles north of Fairbanks, Alaska. According to a calculation completed in September, Dolphin-Cleary hosts 23.8 million oz of open-pit mineable gold in all resource categories, plus 1.1... Full story
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)...
Trump's vow to maximize mining in Alaska , ESG benefits of mining in Northern BC, and historic investments in a NWT critical minerals project land on the list. From the launch of a new Prospectors and Developers Association of Canada (PDAC) initiative to position Indigenous youth as next-generation mining leaders to the collapse of the tailings storage facility at Victoria Gold Corp.'s Eagle Mine, North of 60 Mining News delivered more than 570 articles last year covering the... Full story
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... Full story
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...
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... Full story
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,... Full story
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... Full story
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... Full story
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... Full story
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... Full story
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... Full story
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,...
