The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 50 of 633
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...
As trucks deliver Manh Choh ore, Kinross invests in near-pit resource growth, workforce growth in AK. Kinross Gold Corp. Feb. 17 reported that its Fort Knox Mine in Alaska produced 290,651 ounces of gold during 2023. While this is on par with the 291,248 oz produced in 2022, the company expects gold output from the Kinross Alaska mill at Fort Knox to rise sharply with the introduction of much higher-grade ore from the Manh Choh mine later this year. The nearly 300,000 oz of...
Zinc contributed most to state's mine production value during 2023; gold is poised to take the crown and make run toward 1 million ounces per year. At a value of $1.5 billion, zinc held onto its throne as the most valuable metal produced in Alaska during 2023. With production forecasts and price trends headed in opposite directions for zinc and gold, however, the gleaming precious metal that drew fortune-seekers North at the turn of the 20th century could soon regain the...
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...
Enters into definitive agreement for initial 70% toward highly prospective Tombstone gold projects. Strategic Metals Ltd. March 4 announced it has approved Trifecta Gold Ltd. the right to earn up to 100% interest in 11 highly prospective, reduced intrusion-related gold projects located within the prolific Tombstone Gold Belt in Yukon, Canada. Often maintaining a low-key approach to its business operations, Strategic Metals is less a project miner and more a project generator...
Company now seeking higher-grade sweet spot of enormous gold system affirmed with 2023 drilling. Tectonic Metals Inc. Feb. 7 reported that all 19 holes drilled during its inaugural program at the Chicken Mountain target on the Flat project in the Kuskokwim region of Southwest Alaska cut intrusion-related gold mineralization similar to what is being mined at Kinross Gold Corp. Fort Knox mine near Fairbanks, Alaska. Located about 25 miles (40 kilometers) north of the...
White Gold Corp. Dec. 13 announced that it closed a C$5.1 million (US$3.8 million) that included continued financial backing by partner Agnico Eagle Mines Ltd, which is increasing its 19.5% share to 19.85%, and ultimately financing White Gold's 2024 exploration program. "We are very appreciative for the continued support of our strategic shareholders and are now fully funded for an impactful 2024 exploration program following the success of this past season where we continued...
More than 83,000 meters of drilling carried out over three years at Freegold Ventures Ltd.'s Golden Summit project successfully connected the Dolphin intrusion and Cleary Hill prospect into a single deposit with more than 20 million ounces of gold in all categories. This now truly world-class gold deposit happens to lie along a paved highway about 25 miles north of Fairbanks, and on the northern boundary of Kinross Gold Corp.'s Fort Knox Mine. The new resources calculated for...
With Donlin Gold reentering the feasibility study stage, Ambler Metals waiting on the reevaluation of the permit needed for a road to the Ambler Mining District, and an overall lack of investment capital, mineral exploration spending in Alaska dropped during 2023. While the overall sector was down, there continued to be some bright spots – most notably, a growing interest in Alaska's critical minerals potential. In July, the U.S. Department of Defense awarded Graphite One I...
Is it time for BC, Yukon, Alaska to forge an alliance to unlock critical mineral wealth, usher in new era of prosperity in the 21st century? The extremely mineral-rich geology that sweeps in a roughly 1,500-mile (2,600 kilometers) arc from the southern tip of British Columbia's Golden Triangle, through the Yukon, and onward to Alaska's west coast does not recognize the borders it spans. Likewise, the opportunities and challenges related to unlocking the precious, industrial, a...
From breaking ground at Alaska's next gold mine to the advancement of North of 60 projects focused on delivering the metals needed for the transition of low-carbon energy, and an impressive safety milestone at Alaska's only coal mine to a history of the helicopters that make mineral exploration across the North possible, here is a countdown of the 10 most popular North of 60 Mining News articles in 2023: No. 10 - CORE celebrates Manh Choh, Lucky Shot Contango Ore Inc., a...
White Gold Corp. kicked off 2023 with an updated mineral resource estimate for its namesake project in the Yukon and with an exploration program aimed to continue outlining exactly what its massive land holdings in Yukon's White Gold District contain. Located roughly 95 kilometers (59 miles) south of Dawson City, White Gold's namesake property is part of a roughly 350,000-hectare (864,869 acres) land package that covers approximately 40% of the White Gold District, which also...
Since emerging on the Alaska mineral exploration scene in 2021, Felix Gold Ltd. has amassed more than 150 square miles of gold-enriched properties in the Fairbanks Mining District and is working toward establishing an inaugural resource at one of the most prospective gold targets discovered so far on this enormous land package. As Felix carries out systematic drilling to outline an at-surface gold-antimony resource at the NW Array target on its Treasure Creek property about...
The first high-grade gold ore from the Manh Choh Mine in Alaska fed into the Kinross Alaska mill at the Fort Knox Mine near Fairbanks is elevating Contango Ore Inc. from a unique Alaska focused mineral exploration company to the newest gold producer in the state. "We are indeed excited to report that mining operations have commenced at Manh Choh and that the construction phase has been achieved on budget and on schedule," Contango ORE President and CEO Rick Van Nieuwenhuyse...
With an August groundbreaking ceremony celebrating the start of Mining at Manh Choh, Kinross Gold Corp. fully entered into a new era of mining in Alaska that is expected to push Fort Knox gold production up into the 400,000-ounce-per-year echelon, a significant jump over the 291,248 oz recovered at the mine in 2022. This next phase of mining in the 49th State is being built upon the "Kinross Alaska" strategy; an initiative launched in 2020 to enhance gold production at Fort...
Upon gaining ownership of the Back River gold project in Nunavut through the roughly C$1.1 billion (US$820 million) buyout of Sabina Gold & Silver Corp., B2Gold Corp. established itself as the next largest gold producer in Canada's North. With the acquisition of Sabina, B2Gold has gained a derisked mine project on track to pour its first gold early in 2025, as well as a district-scale land package with enormous potential to support decades of production in Nunavut. "We are...
From Pentagon's $37.5M grant to Graphite One to emerging nickel deposits, critical minerals are a hot AK mining topic. With Washington investing billions of dollars into ensuring safe and secure critical mineral supply chains, many mining companies are focusing more sharply on unlocking Alaska's potential to be a domestic source of the 50 minerals and metals critical to America's economic well-being and national security. The growing list of critical minerals being sought...
Kinross Alaska celebrates two milestones; one an echo of past success and the other a beacon to a bright future. Kinross Gold Corp. Nov. 8 reported that its Fort Knox Mine in Alaska produced 71,611 ounces of gold during the third quarter of 2023, which included the nine millionth ounce recovered from this iconic mine about 25 miles north of Fairbanks, Alaska. "As we celebrate this remarkable milestone of pouring nine million ounces of gold from the Fort Knox refinery, we also...
HighGold Mining Inc. Nov. 20 announced an update for its 2023 exploration and development program, as well as the final drill results from its Johnson Tract project in Southcentral Alaska. "We had a busy and productive field season this year," said HighGold Mining President and CEO Darwin Green. "We completed a significant drill program aimed at expanding existing zones and targeting new discoveries. Results from the drill program are encouraging and will serve to inform...
Felix Gold drills up to 28% antimony, including 6.1m of 13% Sb at project near Fairbanks, AK Felix Gold Ltd. Oct. 19 reported that assays from the 2023 drill program at the NW Array target returned high-grade antimony that elevates the criticality of the company's Treasure Creek project in Alaska. Since its emergence on the Alaska mining scene in 2021, Australia-based Felix has amassed more than 150 square miles of gold-enriched properties in the Fairbanks Mining District of...
