The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Alaska mines produced roughly $3.89 billion worth of nonfuel minerals last year, a 23% increase over the estimated $3.16 billion produced in the 49th State during 2020, according to Mineral Commodity Summaries 2022 published by the United States Geological Survey on Jan. 31. The rise in Alaska mine production value is largely due to increased zinc and gold production, along with strong metals prices last year. According to early estimates by the Alaska Division of Geological...
While copper has the potential to be a major contributor to Alaska's economic future, this "new oil" of the low-carbon economy will be hard-pressed to beat out the old money being produced at current and coming gold mines across the Last Frontier. This is due in large part to Kinross Gold Corp.'s new "Kinross Alaska" strategy that is leveraging the underutilized 14-million-metric-ton-per-year mill and storage capacity at Fort Knox to process higher-grade ore mined from...
Felix Gold Ltd. Jan. 31 announced the completion of an A$10 million (U$7.1 million) initial public offering and listing on the Australian Securities Exchange under the ASX symbol FXG. "This is a significant milestone for your company and the board of Felix would like to thank all shareholders for their strong support," Felix Gold Managing Director and CEO Kylie Prendergast penned in a Jan. 31 letter to shareholders. "Listed or unlisted, our overarching objective of becoming a...
The Association for Mineral Exploration will recognize 11 leaders who have made significant contributions to the mineral exploration and development industry during the AME Roundup 2022. "The AME Celebration of Excellence Awards recognize the achievements of individuals who contribute to successfully finding, funding and building safe and responsible mineral exploration and development projects," explained AME Chair Jill Tsolinas. The 2021 Celebration of Excellence Awards...
Capping off a successful year of mine predevelopment activities at its 30%-owned Manh Choh gold mine project in Interior Alaska and acquisition of the historic high-grade Lucky Shot gold mine project in Southcentral Alaska by up-listing its share to the New York Stock exchange, Contango ORE Inc. is well-positioned for 2022 success. "2021 represented another year of COVID, but despite the difficulties of working in a continued pandemic environment, the company achieved its...
Building upon the success from systematic exploration carried out over the previous two seasons, Tectonic Metals Inc. focused its 2021 program on testing high-grade and bulk tonnage gold targets on its Tibbs properties in Interior Alaska. Located in the Goodpaster Mining District, Tibbs is known for high-grade gold targets reminiscent of the ore at Northern Star Resources Ltd.'s Pogo gold mine about 22 miles (35 kilometers) to the northwest. During its initial drilling at...
Kinross Gold Corp.'s strategy to leverage the underutilized 14-million-metric-ton-per-year mill and enormous tailings storage capacity at its Fort Knox gold mine to process higher-grade ore from projects within a roughly 300-mile radius of the Interior Alaska operation is a gamechanger for smaller high-grade gold projects and how the global mining company approaches exploration in the state. Prior to the Kinross Alaska strategy, Fort Knox mill production was winding down....
As a project-generating exploration company, Millrock Resources Inc. identifies and secures grassroots mineral projects and brings on partners to fund the high-risk early stages of exploration. In recent years, many of these have been with Australian companies intrigued by Alaska's rich and underexplored mineral potential. During 2021, Millrock was actively working with two such Aussie explorers on Alaska gold projects – Felix Gold Ltd. in the Fairbanks Mining District and R...
Building upon the golden success of its 2020 exploration, Freegold Ventures Ltd. struck more bonanza gold while expanding upon the multi-million-ounce Dolphin deposit with a more than 38,000-meter drill program carried out during the 2021 program at its road accessible Golden Summit project about 25 miles north of Fairbanks, Alaska. Prior to 2020, most of the drilling at Golden Summit focused on Dolphin, a deposit that hosts 61.5 million metric tons of indicated resource...
From exploring resource expansion and discovery targets on its namesake property to testing a potential hardrock source of the rich placer streams in the Sixtymile district near the Alaska border, White Gold Corp. continues to systematically advance multiple gold targets across its more than 1 million acres of prospective land in Yukon's prolific White Gold District. This work is bolstered by the technical and financial support of strategic partners Agnico Eagle Mines Ltd....
Mining exploration and production activity soared in Yukon Territory in 2021 thanks to high metals prices, pro-industry government policies, and mounting successes in the field. Bouncing back from some of the most challenging working conditions in modern history due to the COVID-19 pandemic, placer and hardrock miners stepped up the pace of their activities, posting record production numbers and promising exploration results. With the rollout of COVID vaccines and the prospect...
Exploring its Central Alaskan properties, Avidian Gold Corp. continued progressing its Fairbanks Mining District projects, Amanita and Amanita NE, as well as further exploring Golden Zone, a gold-rich polymetallic project about six miles (10 kilometers) west of the paved Parks Highway roughly midway between Anchorage and Fairbanks. Avidian kicked off 2021 with results from its 2020 drill program at Amanita, which lies next to Kinross Gold's Fort Knox Mine property. The best...
President and CEO Rick Van Nieuwenhuyse has positioned Contango ORE Inc. to be the next gold producing company in Alaska and has added projects that deepen the pipeline for this unique exploration and development company. CORE's primary asset is Manh Choh, a 675,000-acre land package leased from the Tetlin Alaska Native Tribe that hosts two adjacent, high-grade gold-silver deposits the company advanced from discovery to a project slated to be Alaska's next large gold mine....
Goldman Sachs' declaration that "copper is the new oil" may serve as a foreshadowing of Alaska's economic future, one that is not so heavily reliant on the revenues from petroleum flowing from the North Slope and leans more heavily on the state's rich endowment of precious, critical, and base metals. The investment bank's suggestion that copper is to become the strategically most important commodity on Earth is due to the vital role the conductive metal plays in global...
Tectonic Metals Inc. heads into the new year eagerly awaiting the results from roughly 85% of the 5,018 meters of drilling completed at its Tibbs gold project in Alaska's Goodpaster Mining District during 2021. This drill program included 2,699 meters of reverse circulation drilling in 18 holes and 2,319 meters of oriented core diamond drilling, a first for this project about 22 miles (35 kilometers) southeast of Northern Star Resources Ltd.'s Pogo gold mine. Tectonic Metals...
It is hard to quantify which is more impressive, the sheer size of the estate owned by Doyon Ltd. or the rich and underexplored mineral potential on the lands owned by the Alaska Native Claims Settlement Act regional corporation for Alaska's Eastern Interior. Running the breadth of Alaska between the Brooks Range to the north and Alaska Range to the south, the Doyon region blankets a mineral-rich swath of Alaska's Interior that is nearly the size of Texas. Doyon owns 12.5...
Millrock Resources Inc. Nov. 30 announced that its exploration partner in the Fairbanks Mining District, Felix Gold, has filed a prospectus with the Australian Securities and Investments Commission that initiates the process to become a publicly-traded company on the Australian Securities Exchange. If successful, Felix Gold plans to raise between A$10 million and A$13 million (US$7.1 million and US$9.3 million) in an initial public offering, and its shares would begin trading...
Spread across the Tanana Valley foothills, accessible by road, rail, and air, Fairbanks is called Alaska's Golden Heart City for a reason. Laying claim to a colorful history, the city at the center of the Last Frontier has its roots dug deep from the many mining discoveries throughout the century within the simply named Fairbanks Mining District. Although early exploration had Russian traders in and around the Tanana region, it would not be until 1885 when Henry Tureman...
Freegold Ventures Ltd. Nov. 3 reported that its ongoing 40,000-meter resource upgrade and drill program at Golden Summit cut broad zones of much higher-than-resource-grade gold mineralization at and around the Dolphin deposit, along with narrow high-grade gold intercepts. Located about 25 miles north of Fairbanks, Alaska, and adjacent to Kinross Gold Corp.'s Fort Knox Mine, Golden Summit hosts 61.5 million metric tons of indicated resource averaging 0.69 grams per metric ton...
Freegold Ventures Ltd. Oct. 19 reported that the latest batch of results from this year's drilling at Golden Summit includes holes that cut broad zones of higher-than-resource-grade gold mineralization at and around the Dolphin deposit and narrow zones of high-grade gold at the adjacent Cleary zone. Located about 25 miles north of Fairbanks, Alaska, and adjacent to Kinross Gold Corp.'s Fort Knox Mine, Golden Summit hosts 61.5 million metric tons of indicated resource...
Kinross Gold Corp. Nov. 10 reported the new Barnes Creek heap leach pad and higher-grade ore being fed into the mill is contributing to a continuing trend of increasing gold production at its Fort Knox gold mine about 25 miles north of Fairbanks, Alaska. During the third quarter of 2021, Fort Knox produced 71,482 ounces of gold, which is nearly a 13% increase over the 63,302 oz produced during the second quarter and about a 28% jump over the 55,815 oz produced during the...
White Gold Corp. Nov. 11 reported a 16% increase to the mineral resources for the VG deposit at QV, a gold exploration project about 85 kilometers (53 miles) south of Dawson City, Yukon. White Gold acquired QV from Comstock Metals Ltd. in 2019. At the time, the VG deposit on this property hosted 4.4 million metric tons of inferred resource averaging 1.65 g/t (230,000 ounces) gold. The gold mineralization in this deposit appears to be very similar to the Golden Saddle deposit...
Resolution Minerals Ltd. announced the completion of the first trenching program at Tourmaline Ridge, a gold prospect at the company's 64North project in Alaska's Goodpaster District. Located about 1,000 meters southwest of the Aurora prospect on the West Pogo claim block at 64North, Tourmaline Ridge lies on a trend of mineralization that extends northeast to the Northern Star Resources Ltd.'s Pogo gold mine. Northern Star's Goodpaster discovery, which is currently undergoing...
GIL-SOURDOUGH – With a Sept. 23 blast of explosives that fractured rock in preparation for the start of mining at Gil-Sourdough, Kinross Gold Corp. has raised the bar for mine openings with a literal groundbreaking ceremony at what is now the sixth large-scale metal mine in Alaska. "I hope this is just the beginning and there are a lot more plays like this and we have a future, not just here at Fort Knox but across the great state of Alaska," Alaska Gov. Mike Dunleavy said t...
Building upon a strong relationship it has made with Doyon Ltd., Tectonic Metals Inc. has entered into an agreement to lease the Flat gold project owned by the Alaska Native Claims Settlement Act regional corporation. Located about 25 miles north of the Donlin Gold project being advanced under a joint venture between Barrick Gold Corp. and Novagold Resources Inc., the 92,160-acre Flat property hosts intrusive-hosted, sheeted quartz vein gold mineralization similar to that...
