The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 276 - 300 of 633
Nighthawk Gold Corp. June 13 reported a 24 percent increase in the gold resource for the Colomac gold project at the company's Indin Lake property in Northwest Territories. Incorporating the results from 913 historical holes and 175 holes completed by Nighthawk from 2012 through 2017, Colomac now hosts 50.3 million metric tons of inferred resource averaging 1.62 grams per metric ton (2.61 million ounces) of gold. Located about 160 kilometers (100 miles) north of Yellowknife,...
White Gold Corp. May 30 reported it has drills turning at White Gold and Betty, two of the Yukon-focused explorer's highest priority properties. "This is a very exciting time for the company as we begin work on two of our top priorities," said White Gold Corp. CEO David D'Onofrio. A resource calculated earlier this year for the White Gold property outlines 12.32 million metric tons of indicated resource averaging 2.43 grams per metric ton (961,000 ounces) gold; plus 5.16 milli...
One of the most common complaints I hear from companies and individuals working in the mineral industry in Alaska is our deplorable lack of modern, usable-scale digital geophysical and geologic maps. How bad is it? Consider this: the U.S. Geological Survey has estimated that less than 2 percent of Alaska has acceptable geophysical data coverage, and less than 20 percent has been geologically mapped at a scale useful to evaluate the state's mineral resources. Nobody will deny...
White Gold Corp. is eager to expand known gold deposits and make news discoveries across the roughly 1 million acres (390,000 hectares) of prospective lands it holds in the Yukon's White Gold District. About half of this year's C$9 million exploration program is focused on regional targets across the extensive land holding, including more than 100 rotary air blast (RAB) drill holes, airborne geophysical surveys, over 22,000 soil samples and other exploration activates. The...
Kinross Gold Corp. May 8 reported that its Fort Knox Mine near Fairbanks, Alaska, produced 79,928 ounces of gold during the first quarter of 2018, a roughly 14 percent decrease from the 93,038 oz recovered during the same period last year and about 16 percent lower than the last three months of 2017. "Production at Fort Knox was in line with our expectations for the quarter, although it was lower compared with the fourth quarter of last year. This was mainly due to lower mill...
Nighthawk Gold Corp. March 21 announced that a 25,000-meter drill campaign is now underway at its Indin Lake gold property in the Northwest Territories. Located about 160 kilometers (100 miles) north of Yellowknife, the 899-square-kilometer (222,200 acres) Indin Lake property hosts a number of gold deposits, including zones that extend out from the historical Colomac open-pit mine, which produced 527,908 ounces of gold during the 1990s. In 2013, the last time a resource was...
After four years of declines, global minerals exploration spending rose roughly US$1 billion in 2017 and is expected to see further growth this year, according to a March 5 report by S&P Global Market Intelligence. The 1,535 companies that answered a survey put out by the research firm reported US$7.95 billion of investment in the search of nonferrous metals in 2017, a 14 percent increase from the US$6.95 billion spent in 2016. Taking into account data that could not be...
Seven days of near-continuous rain did nothing to dampen the mood at the recently concluded Cordilleran Roundup Convention in Vancouver. The event was buoyed by a realistic optimism we have not seen in over five years. This change from half-empty to half-full glasses is due to a number of things including strong commodities prices, increasing global demand for metals and current or looming supply shortfalls in many of the metals produced by this industry. The event was...
The 1-millionth ounce of gold was poured from the Walter Creek Arctic Heap Leach facility at Kinross Gold Corp.'s Fort Knox Mine in Interior Alaska on Jan. 24. "This is a great milestone for Fort Knox and has been an instrumental part of extending the life of the property. I see our Arctic Heap Leach as a testament to our commitment to innovation as a company," said Fort Knox General Manager Eric Hill. "My thanks goes out to the many folks that have helped achieve this...
White Gold Corp. Jan. 19 reported that results from the final 13 holes drilled at its White Gold property in 2017 confirm the continuity of the Golden Saddle and Arc deposits, and indicate the gold potential beyond the current resource area. Since acquiring the White Gold property in June, the company completed 31 reverse circulation holes; four diamond drill holes; extensive geophysical and geochemical surveys; and detailed mapping across this iconic Yukon gold property....
As we transition from 2017 into 2018, the weight of evidence pointing to a long-awaited mining industry up-tick is being trumpeted from every financial institution, brokerage house and mining pundit across the globe. For example, RBC Capital Markets' newly released "2018 New Year Preview" has this to say: "We are in the mid-stages of a stock market recovery and the early stages of an economic cycle recovery. Gold is already in a phase where it out-performs other financial...
With fresh funds in the bank and partners exploring the gold, copper and silver projects it has generated in Alaska, British Columbia and Mexico, Millrock Resources Inc. is positioned well for 2018. As a project generator, Millrock is leveraging its team's geological expertise by identifying and acquiring promising mineral projects, completing preliminary exploration aimed at bolstering the their potential and then vending them to partners to fund the more advanced stages of...
With the price for an ounce of gold pushing back above US$1,300 to ring in the new year – along with zinc and copper selling at multi-year highs and trending higher – 2018 is shaping up to be a good year for Alaska's mining sector. Together, zinc and gold account for more than 80 percent of the value of metals mined in Alaska – silver and lead account for most of the balance. While there is currently no significant copper production in Alaska, the Far North state hosts signi...
White Gold Corp. March 5 reports that drilling has outlined more than 1.24 million ounces of gold at its White Gold property in the Yukon. An updated resource calculation outlines 12.32 million metric tons of indicated resource averaging 2.43 grams per metric ton (961,000 ounces) gold; plus 5.16 million metric tons of inferred resource averaging 1.7 g/t (282,500 oz) gold in the Golden Saddle and Arc deposits. A consistent high-grade core of the primary Golden Saddle deposit...
Goldcorp Inc.’s half-a-billion-dollar purchase of Kaminak Gold Corp. and the Coffee Gold project in Yukon Territory in 2016 marked a major shift for North of 60 mining explorers. Junior mining explorers typically look to the investment community for the venture capital needed to discover rich deposits of minerals. In turn, major mining companies come along and buy the mineral-rich project or the company that discovered it, typically providing a handsome return for the j...
Freegold Ventures Ltd. kicked off its 2017 exploration with a drill program focused on expanding the oxide gold resource at the Golden Summit property in Interior Alaska. Located about 25 miles north of Fairbanks and about four miles from Kinross Gold Corp.'s Fort Knox gold mine, Golden Summit hosts 61.5 million metric tons of indicated resource averaging 0.69 grams per metric ton (1.36 million ounces) gold; and 71.5 million metric tons of inferred resource of averaging 0.69 g/t (1.58 million oz) gold. The oxide portion of...
As some of the world's biggest gold miners nab exciting plays that turned up across Yukon Territory during the past decade, Yukon's mining explorers continue to seek the next generation of mine projects in the northwestern-most Canadian territory. Many of the up and coming mines in Yukon also are getting a boost from C$360 million in upgrades to roads into some of Yukon's richest mining districts. Known as the Yukon Resource Gateway project, the endeavor to modernize...
Millrock Resources Inc. is a project generating mineral exploration company with seven projects in Alaska, three in British Columbia, 15 in Mexico and one in New Mexico. In Alaska, Millrock struck a deal with Kinross Gold Corp. that provides the major the option to earn a 70 percent joint venture interest in Liberty Bell, a road-accessible project about 70 miles southwest of Fairbanks that is prospective for copper-gold porphyry and associated gold deposits. Previous work at...
Kinross Gold Corp. has a two-pronged exploration strategy – focus its own efforts on high-quality brownsfield assets, including the discovery of new resource surrounding its existing operations; and nab a foothold on promising greenfield opportunities through partnerships with high-quality junior exploration companies. The Fort Knox Mine in Interior Alaska is an example of the success the company has had in expanding resources near its mines. In its 21st year of operation, t...
Alaska's minerals exploration sector is on an upswing, thanks to Australian mining explorers looking north and mining majors upping their activities in the state. South32 Ltd., a Perth, Australia-based miner spun out of BHP Billiton Plc, is the largest mining company from Down Under to express an interest in Alaska's mineral potential this year. South32, which has eight operating mines in the Southern Hemisphere, secured an option to acquire a 50 percent interest in Trilogy...
White Gold Corp. Nov. 20 reported that drilling has extended gold mineralization at the Golden Saddle and Arc deposits on the White Gold property in the Yukon. The results reported herein further define a significant extension of the Arc deposit 250m along strike and also extend the Golden Saddle Footwall Zone along strike and towards surface. The company said reverse circulation drilling at Golden Saddle continues to validate historical drilling within the historical resource...
White Gold Corp. Nov. 6 said its 2017 drill program continues to expand the Main and Footwall zones of the Golden Saddle deposit on its White Gold property in the Yukon. Highlights from the latest batch of results from Golden Saddle include: 109.7 meters of 1.33 g/t gold from a depth of 39.6 meters in hole WHTGS17RC-012, a Main zone intercept; 111.3 meters of 2.61 g/t gold from a depth of 47.2 meters in WHTGS17RC-011, Main zone intercept; 34 meters of 1.19 g/t gold from 215 meters in WHTGS17DD-171, a Footwall intercept; 7 met...
Kinross Gold Corp. Nov. 8 reported that its Fort Knox Mine near Fairbanks, Alaska, produced 101,077 ounces of gold during the third quarter, a roughly 8 percent decrease from the 110,396 oz recovered during the same period last year. The company attributes the decrease to lower tonnage stacked on the heap leach pad. The Fort Knox mill processed 3.23 million metric tons of ore averaging 0.78 grams per metric ton gold during the quarter, compared to 3.27 million metric tons...
For the first time in five long years, the mood at the recently held Alaska Miners Association Convention in Anchorage was buoyant, the result of a slow but steady turnaround on mineral investments in the state. Additional new corporate interest in the state emerged during the past 30 days, and sources of exploration funds coming to Alaska continue to shift, with estimates for 2017 suggesting that 62 percent of this financing comes from Canadian concerns, 18 percent from...
The mill at Fort Knox Mine in Interior Alaska will likely be churning out gold for several more years, thanks to Kinross Gold Corp. gaining mineral rights to the Gilmore land parcel immediately west of the current open-pit. The long-lived gold mine was beginning to get to the end of its reserves, especially those of high enough grade to support keeping the mill in operation. This was not good news for the some 900 direct and contract workers who take home healthy paychecks...
