The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 76 - 81 of 81
Steve Borell, longtime executive director of the Alaska Miners Association, sat down to discuss the state of the industry recently. Borell expressed optimism and excitement about the industry's future in Alaska. But he raised several red flags that Alaska officials and others should consider in future policy making discussions. The following is excerpted from his remarks during an Oct. 3 interview. Mining News: What do you see as the future of the mining industry in Alaska in the short term and the long term? Steve Borell:...
After staking 25,600 additional acres in the Nyac Gold District earlier this year, Tonogold Resources Inc. has embarked on Alaska exploration it hopes will yield a big payoff. The California-based junior mining company began drilling June 7 at Bonanza Ridge, one of six gold prospects it aims to explore with a drill this summer. "We are very excited to begin drilling operations at Nyac. Our exploration activities of 2005 delineated extensive drilling targets with great mineralization and our 2006 exploration program calls for...
As Barrick Gold Corp. announced completion of its multibillion-dollar acquisition of Placer Dome in mid-March, managers of the Donlin Creek project charged forward with work on several fronts at the southwestern Alaska gold deposit. Toronto-based Barrick launched a hostile takeover of Placer Dome on Halloween, but later won approval from Placer Dome's board for a $10.4 billion deal that created the world's biggest gold miner. The combined company owns 26 active mines and is the world's largest gold producer. It expects to...
Monogold Resources Inc. posted results Sept. 15 of sampling results from its 2005 summer exploration program at the Nyac Gold Project in southwestern Alaska that reinforce its geologists' theory that the prospect contains a gold deposit similar to the Fort Knox gold mine near Fairbanks. (See story in June 19 issue of Mining News.) Tonogold said the latest results represent fill-in sampling done in previously identified prospect areas within a 57,600-acre parcel in the Nyac Mining District in the Yukon-Kuskokwim Delta. High...
A draft feasibility study completed this spring by Nuvista Light & Power Co. recommends construction of a coal-fired electric generation plant at Bethel, Alaska, plus construction of a 191-mile transmission line to the Donlin Creek gold project as the lowest wholesale power cost for the remote southwest Alaska region. Nuvista, a non-profit formed by Calista Corp., the Native corporation in southwest Alaska, is seeking comments through May 7 on the study, which recommends that initial design and permitting work begin on the co...
As the first snows of winter begin to fall around the state, more assay results are coming in and plans for next year are being formed. Metals prices continue to rise or hold steady and budgets for next year appear to be growing as a result. Several exploration projects remain in progress and are not likely to be completed before the end of October. By then we will have a good idea of how 2002 stacks up against previous year's exploration, development and production...
