The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 201 - 225 of 623
White Rock Minerals Ltd. Jan.28 announced the discovery of a large gold anomaly at Red Mountain, an expansive Alaska mineral exploration project better known for the zinc-rich volcanogenic massive sulfide deposits found there. Two VMS deposits on the Red Mountain property – Dry Creek and West Tundra Flats (WTF) – host 9.1 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 5.8 percent (1.17 billion pounds) zinc; 2.6 perc...
Avidian Gold Corp. Jan. 16 provided highlights from the 2019 exploration programs on its Amanita and Golden Zone properties in Alaska. The 3,608-acre Amanita property is on state land boarding the south side of Kinross Gold Corp.'s Kinross Mine. Exploration by Avidian and others have identified one or more oxide gold resources within the Tonsina Trend, a structural corridor on the Amanita property that extends northeast onto the Fort Knox property. Highlights from previous...
Redstar Gold Corp. Jan. 13 reported that recently completed structural mapping on its Unga gold project on the Alaska Peninsula has identified several new priority drill targets along the Shumagin and Apollo-Sitka trends. The Unga project covers roughly 93 square miles (240 square kilometers) of two islands south of the Alaska Peninsula, Unga and Popof islands, that has long been known for its high-grade gold. The Apollo and adjacent Sitka mines, established on Unga Island in...
Freegold Ventures Ltd. Jan. 16 announced results from the late-season 2019 drill program at Shorty Creek, a porphyry gold-copper project about 75 miles northwest of Fairbanks. The five-hole (1,542 meters) program was funded by a wholly owned subsidiary of South32 Ltd., which entered into an option agreement with Freegold Ventures to acquire 70 percent interest in Shorty Creek for US$30 million, less any money the Australia-based major invests in exploring the promising...
White Gold Corp. Jan. 9 announced that rotary air blast (RAB) has confirmed robust bedrock gold mineralization at several targets beyond the high-grade Vertigo discovery on the road accessible JP Ross property about 60 kilometers (37 miles) southeast of Dawson City, Yukon. The company completed 1,644 meters of RAB drilling in 27 shallow holes that tested outlying prospective areas at Vertigo and several other nearby targets. The targets were generated from the company's...
In November 1996, a little over 23 years ago, I began writing quarterly mining news summaries for the Society of Economic Geologists (SEG). Shortly after that, I began writing monthly summaries for this publication's ancestor, Mining News Alaska, and have continued both monthly, quarterly and annual mining news summaries ever since. With this summary, I have written my last Alaska update for North of 60 Mining News. When I wrote my first summary, Greens Creek was milling only... Full story
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... Full story
One intrepid junior tackled an enticing prospect in western Nunavut in 2019, marking the seventh year of its quest for gold in Canada's far north. Seeking new gold resources on the highly prospective Hood River property in the Kitikmeot region of Nunavut, Blue Star Gold Corp. (formerly WPC Resources) carried out an exploration program of drilling, mapping and sampling. The junior also acquired ownership of the adjacent Ulu gold project in July. The Hood and Ulu properties are...
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,...
White Gold Corp. Oct. 24 reported that its regional exploration has encountered very high-grade gold in rock samples collected at Titan, a discovery on the Hen property and less than 15 kilometers (nine miles) northwest of the Vertigo discovery on the neighboring JP Ross property in Yukon's White Gold District. Titan was first identified with soil sampling by White Gold, including one sample that returned 113 grams per metric ton gold, the highest-grade of more than 400,000 so...
FAIRBANKS, Alaska: The 8 millionth ounce of gold poured at Fort Knox on Oct. 9 is a milestone that seems to mark a new era for this iconic Interior Alaska mine that has been a flagship operation for Kinross Gold Corp. over the past 23 years. "The operation here at Fort Knox is our center for excellence, it has been for a long time," said Mike Sylvestre, Kinross Gold's senior vice president of operations in the Americas. Due to this excellence, Fort Knox serves as a university... Full story
The World Gold Council Sept. 12 launched its Responsible Gold Mining Principles, which lays out a framework that provides investors and downstream gold supply chain customers with clear expectations as to what constitutes responsible gold mining. "It is our aim that the Responsible Gold Mining Principles reinforce trust in gold and the gold mining industry. Consumers, investors and the downstream gold supply chain will be able to know, with confidence, that their gold has... Full story
Nova Minerals Ltd. Sept. 11 reported that it has outlined 2.5 million ounces of gold in a maiden inferred resource estimate for the Oxide Korbel deposit on the company's Estelle project in Alaska. Previously known as Oxide Ridge, the Oxide Korbel is located at the northern end of the roughly 18-mile-long Estelle property. The Oxide Korbel discovery hole, drilled by Millrock Resources Inc. in 2011, cut 450.7 meters averaging 0.38 grams per metric ton gold in an area Nova now...
Nova Minerals Ltd. Sept. 2 said results from this year's drill program at its Estelle gold project in Alaska has cut higher grade, near-surface mineralization within a bulk tonnage gold deposit at Oxide Korbel. Oxide Korbel is a prospect area that roughly covers an area previously referred to as Oxide Ridge toward the north end of the roughly 18-mile-long Estelle property. SE11-01, the Oxide Ridge discovery hole drilled by Millrock Resources Inc. in 2011, cut 450.7 meters...
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... Full story
White Gold Corp. Aug. 8 reported that initial results from its 2019 drilling have identified at least six high-grade structures at Vertigo and encountered some of the best gold mineralization so far at the Golden Saddle deposit. This first phase of the company's 2019 diamond drill program in Yukon's White Gold District was designed to test the geometry of the Vertigo target and previously underexplored portions of the Golden Saddle deposit and surrounding area. So far, White...
Hecla Mining Company sees higher grades at its Greens Creek Mine in Southeast Alaska as a catalyst for higher companywide silver production this year. "Silver production at Greens Creek continued to be strong due to higher grades, so we are increasing our estimates for silver production for the year," said Hecla Mining CEO Phillips Baker, Jr. Through the first half of 2019, the Greens Creek Mine has produced 4.6 million ounces of silver, which accounts for roughly 77 percent...
Kinross Gold Corp. July 31 reported that the Fort Knox Mine in Interior Alaska produced 55,440 ounces of gold during the second quarter of 2019. This is a 47 percent increase over first quarter gold production but down 22 percent from the second quarter of 2018. The higher production, when compared to the first quarter, helped push down the costs to produce an ounce of gold at this open-pit operation about 25 miles north of Fairbanks. The cost for each ounce of gold sold...
White Gold Corp. June 19 announced the start of a 17,000-meter core drill program on three of its properties in the Yukon – JP Ross, White Gold and QV. "The goal of this diamond drill program is threefold: to continue to expand Golden Saddle-Arc's established resources, to follow up on JP Ross's exciting high-grade Vertigo discovery last season and to grow the recently acquired and underexplored VG deposit," said White Gold Corp. CEO David D'Onofrio. The diamond core d...
Great American Minerals Exploration Inc. is investing roughly US$10 million on exploration this year at its 55,465-acre SAM gold project about 45 miles west of the Pogo Mine. Having staked its first claims in at the SAM project area in 1999, GAME, as the privately held exploration company is commonly known, is no stranger to this emerging gold-rich stretch of the Tintina Gold Belt between the Pogo and Fort Knox mines. GAME's previous land position, however, covered only a... Full story
After nearly 10 years of exploring the Colomac Gold Project in Northwest Territories, Nighthawk Gold Corp. is making progress toward increasing the project's resource in 2020, while strengthening a long-held theory that the project sits in the middle of a potential gold camp that could rival the legendary Timmins Gold Camp of Ontario. Anchored by strategic shareholders Kinross Gold Corp. (9.9 percent), Osisko Royalties Ltd. (8.6 percent) and Northfield Capital (19.1 percent),... Full story
With diamond drills turning at three different properties in west-central Yukon this field season, along with rotary air blast drilling, soil sampling and other activities, White Gold Corp. is one of the busiest mineral explorers in the region, if not the entire territory. The Toronto-based junior, backed by partners Agnico Eagle Mines Ltd. and Kinross Gold Corp. – each owning 20 percent of the company – said it would spend C$13 million in 2019 exploring a huge land pac... Full story
Kinross Gold Corp. focuses its in-house exploration on high-quality brownfield projects and the discovery of new resources within the existing footprint of several of its mine properties, including extensions of known mineralization, as well as looking at other properties in surrounding districts. The Fort Knox Mine in Interior Alaska is an example of the Toronto-based gold miner's brownfield success. In its 23rd year of operation, this open-pit mine a few miles north of... Full story
Melbourne, Australia-based Nova Minerals Ltd. first looked north to Alaska late in 2017, when it acquired five Alaska properties – Estelle, a gold-copper-silver project about 100 miles northwest of Anchorage; Chip-Loy, a nickel-copper-cobalt-gold-silver-platinum group element project; Bowser Creek, a silver-zinc-lead project; Windy Fork, a rare earth elements property; and Ozzna Creek, a gold-silver-zinc-copper-lead property. Nova Minerals' 2019 exploration focused p... Full story
Freegold Ventures Ltd. is focused on exploring for copper and gold on two properties in Interior Alaska – Golden Summit, an advanced stage gold project just north of Kinross Gold Corp.'s Fort Knox Mine, and Shorty Creek, an enticing porphyry copper-gold project about 75 miles northwest of Fairbanks. In March, South32 Ltd. entered into an option agreement with Freegold Ventures to acquire 70 percent interest in Shorty Creek for US$30 million, less any money the A...
