The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 76 - 100 of 623
Victoria Gold Corp. July 12 reported that its Eagle Gold mine in the Yukon produced 32,055 ounces of gold during the second quarter, resulting in approximately 56,413 oz for the first half of the year, a consistent amount from the Canada miner. "Similar to previous years, the first half of 2022 was a seasonally slow production period at the Eagle Gold mine," said Victoria Gold President and CEO John McConnell. Generally, gold production at heap leach operations like Eagle...
With an earlier than expected feasibility study on its way for Manh Choh, drilling started at Lucky Shot, and the addition of geologist Curt Freeman to its board of directors, Contango ORE Inc. has a lot to look forward to as 2022 progresses. Freeman's addition to the Contango ORE board coincides with the departure of Joseph Greenberg, an oil and gas executive that has been a director of CORE since it was spun out of Texas-based Contango Oil and into a public company in 2010....
White Gold Corp. July 5 announced the start of its 2022 drill program at the Betty Ford and Mascot gold targets on the Betty property, located within the southern part of the company's enormous land package that covers much of the White Gold District in Yukon, Canada. Betty is strategically positioned about 15 kilometers (9 miles) northeast of Western Copper and Gold Corp.'s Casino porphyry deposit and 40 kilometers (25 miles) east of Newmont Corp.'s Coffee gold deposit. "Our...
Dozens of prospectors and junior mining companies are trekking into the bush in Yukon Territory this field season, seeking the next big pot of gold in a fabled land rich with possibilities. Leading the charge is White Gold Corp., which initiated 7,500 meters of drilling, including 5,000 meters of diamond drilling, 1,000 meters of reverse circulation drilling and 1,500 meters of rotary air blast drilling. The 2022 exploration program began with diamond drilling at the Ryan's...
The global transition to low-carbon energy and transportation is both an incredible opportunity and daunting challenge for Alaska's mining sector. On the one hand, Alaska is incredibly enriched with the minerals and metals required to build electric vehicles, solar panels, wind farms, and other clean energy technologies. On the other, America's Last Frontier is burdened by a lack of affordable, low-carbon energy options in the remote reaches of the state where many of these...
Kinross Gold Corp. has finalized the sale of its Kupol Mine and gold exploration properties in Russia's Far East to the Highland Gold Mining group of companies for US$340 million in cash. On June 15, Kinross reported that it has already received $300 million in U.S. denominated cash in its corporate account and will receive a deferred payment of $40 million on the one-year anniversary of closing the sale of all its assets in Russia. Highland Gold Mining had previously agreed...
Cutting 28.9 meters averaging 1.43 grams per metric ton gold in its second hole, Felix Gold Ltd. is off to a strong start at its Treasure Creek project a few miles north of Fairbanks, Alaska. Felix is an Australian mineral exploration company that was founded specifically to explore for gold in the Fairbanks Mining District, which was discovered by the company's namesake, Felix Pedro, in 1902. Early in 2022, Felix entered into a strategic alliance with Millrock Resources Inc....
White Gold Corp. June 13 announced the start of its 2022 diamond drill program targeting both Ryan's Surprise and Ulli's Ridge on the company's expansive and underexplored over 1-million-acre (422,730 hectares) land package in the emerging White Gold District in Yukon, Canada. Much of this year's program will further evaluate targets on the White Gold and Betty Ford properties to follow up on encouraging results encountered during the 2021 exploration, as well as to perform...
Kinross Gold Corp. May 10 reported that its Fort Knox Mine in Alaska produced 54,803 ounces of gold during the first quarter of 2022, which is nearly a 26% drop from the 73,830 oz produced during the previous quarter but only a 2% drop from the 55,815 oz produced during the first quarter of 2021. A drop in gold production during the first quarter at Fort Knox is an annual event that results from the often-subzero temperatures during the coldest winter days affecting gold recov...
Felix Gold Ltd. May 25 announced that it has leased 6,203 acres of gold prospective properties in the Fairbanks Mining District from the Alaska Mental Health Trust Land Office. Lying between Felix' Northeast Fairbanks and Treasure Creek claim packages, this newly leased MHT group of claims lies within 400 meters of the mill at Kinross Gold Corp.'s Fort Knox Mine and roughly 200 meters from the Dolphin deposit on Freegold Ventures Ltd.'s Golden Summit project. Felix says the...
Millrock Resources Inc. May 4 announced that Felix Gold Ltd. has begun drilling on the Treasure Creek gold project north of Fairbanks, Alaska. Early in 2021, Felix entered into an alliance with Millrock on several Interior Alaska gold exploration projects – Treasure Creek and Ester Grant near Fairbanks, plus the Liberty Bell project about 70 miles to the southwest. Earlier this year, Felix completed a A$10 million (U$7.1 million) initial public offering and listed on the A...
Contango ORE Inc. April 9 announced that it has entered into a binding agreement to raise US$20 million through the issuance of debenture, an unsecured loan that can be converted into shares, to fund its commitments at the Manh Choh gold project in eastern Alaska and for exploration and development on its Lucky Shot gold mine properties in the Southcentral region of the state. "With strong fundamentals in the gold market, management is excited to advance our portfolio of...
Kinross Alaska has donated $1 million to support the Troth Yeddha' Indigenous Studies Center, a 34,000-square-foot facility to be built on the University of Alaska Fairbanks campus that will provide a center for Alaska Native programs and support indigenous student success. "This is much more than a building. It is a space and tangible symbol of honoring and valuing Alaska's first people," Kinross Alaska External Affairs Director Anna Atchison said upon announcing the donation...
Kinross Gold Corp. March 29 announced plans to divest all its Russian assets, including its Kupol gold mine. Citing concerns about the destruction and loss of life being caused by Russia's invasion of Ukraine, the gold mining company announced in early March that it had decided to suspend all activities at its gold projects in the Russian Far East. Kinross' Kupol Mine in the Chukotka region of eastern Russia produced 481,108 ounces of gold-equivalent, which includes the value...
Alaska Department of Transportation & Public Facilities March 25 announced that it will perform an independent analysis of the route between the proposed Manh Choh gold mine near the community of Tetlin and Kinross Alaska's mill at the Fort Knox mine north of Fairbanks, Alaska. Peak Gold JV – a partnership between Kinross Gold Corp. (70%) and Contango ORE Inc. (30%) – plans to truck high-grade ore mined at Manh Choh to the Fort Knox mill for processing. Utilizing the pro...
Freegold Ventures Ltd. reported additional strong gold mineralization from 2021 holes drilled in both the Cleary Vein and Dolphin zones on its Golden Summit exploration project about 25 miles north of Fairbanks, Alaska. 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 (1.36 million ounces) gold; and 71.5 million metric... Full story
Deeply concerned about the loss of life and destruction being caused by Russia's invasion of Ukraine, Kinross Gold Corp. has decided to suspend all activities at its gold projects in the Russian Far East. Kinross' Kupol Mine in the Chukotka region of eastern Russia produced 481,108 ounces of gold-equivalent, which includes the value of both the gold and silver produced, during 2021. This one mine accounted for roughly 23% of the gold-equivalent oz produced by the company last...
Tectonic Metals Inc. March 10 announced that its 2021 Phase II drill program at the Tibbs gold project in Alaska's Goodpaster Mining District has discovered the elusive low-angle, Pogo-style veins at Gray Lead West. Located about 22 miles (35 kilometers) southeast of Northern Star Resources Ltd.'s Pogo gold mine, Tibbs is known for high-grade gold targets. While high-angle feeder veins similar to those found at Pogo had previously been identified at Tibbs, the stacks of more...
From an expected multimillion-dollar exploration program on the hardrock sources of the placer gold discovered by Felix Pedro in the Fairbanks Mining District 120 years ago to preliminary investigations of the Nikolai nickel-copper-cobalt-chromium-platinum group element project recently added to its portfolio, Millrock Resources Inc. is looking forward to a busy year of exploration on the properties it has generated in Alaska. "Millrock is looking forward to a very active...
With inflation pushing costs higher and billions of dollars of COVID relief and infrastructure spending flowing into Alaska from Washington D.C., creating a competitive market for construction contractors, the Peak Gold Joint Venture has decided to cut back on the preliminary development that was originally planned for its Manh Choh gold mine project near the communities of Tetlin and Tok in eastern Alaska. Peak Gold JV – a partnership between Kinross Gold Corp. (70%) and C...
With the Gil-Sourdough satellite deposit now delivering ore to the mill, the upward trend of gold production at Kinross Gold Corp.'s Fort Knox Mine in Alaska continues into 2022. During the fourth quarter of 2021, Fort Knox produced 73,830 ounces of gold, roughly a 3% increase over the 71,482 oz produced during the third quarter and about a 28% jump over the 57,523 oz produced during the same period of 2020. With gold production steadily trending higher as the year...
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...
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...
White Gold Corp. Feb. 10 announced that the maiden diamond drill program at Ulli's Ridge has cut high-grade gold at this discovery target about 3,000 meters southwest of the Golden Saddle and Arc deposits on the company's White Gold property in the Yukon. The Golden Saddle and Arc deposits host 15.6 million metric tons of indicated resource averaging 2.28 grams per metric ton (1.14 million ounces) gold; and 9 million metric tons of inferred resource averaging 1.39 g/t...
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... Full story
