The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 25 of 31
Millrock Resources Inc. Feb. 24 announced that Resolution Minerals Ltd. has now earned a 51% interest in 64 North and continued exploration of this gold project in Alaska's Goodpaster Mining District will be carried out under a joint venture between the two companies. 64North is a district-scale land package assembled by Millrock that consists of nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide – covering roughly 160...
As an Alaska-based mineral explorer that is listed on the NYSE American stock exchange and involved with advancing two gold mines toward production, Contango ORE Inc., commonly referred to simply as CORE, is unique in the realm of junior mining companies. Led by president and CEO Rick Van Nieuwenhuyse, CORE has assembled a pipeline of Alaska gold projects along the highway system in Alaska that span the gamut from discovery to mine development. "I have spent a good part of my...
Resolution Minerals Ltd. June 29 announced the start of a 2,200-meter drill program at the Tourmaline Ridge prospect on the West Pogo block of the 64North gold project in Alaska. Tourmaline Ridge lies about 5,000 meters southwest of the main orebody at Northern Star Resources Ltd.'s Pogo gold mine. Prospecting and sampling, including surface rock chip sampling that returned grades as high as 118 grams per metric ton gold, have outlined an 1,800- by 750-meter geochemical...
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...
Capping off a successful year of mine predevelopment activities at its 30%-owned Manh Choh gold mine project in Interior Alaska and acquisition of the historic high-grade Lucky Shot gold mine project in Southcentral Alaska by up-listing its share to the New York Stock exchange, Contango ORE Inc. is well-positioned for 2022 success. "2021 represented another year of COVID, but despite the difficulties of working in a continued pandemic environment, the company achieved its...
President and CEO Rick Van Nieuwenhuyse has positioned Contango ORE Inc. to be the next gold producing company in Alaska and has added projects that deepen the pipeline for this unique exploration and development company. CORE's primary asset is Manh Choh, a 675,000-acre land package leased from the Tetlin Alaska Native Tribe that hosts two adjacent, high-grade gold-silver deposits the company advanced from discovery to a project slated to be Alaska's next large gold mine....
Contango ORE Inc. Aug. 25 announced that it has acquired full ownership of the historic Lucky Shot gold mine project in the Willow Mining District of Southcentral Alaska. A road-accessible project about 75 miles north of Anchorage, the 8,590-acre Lucky Shot property blankets a large portion of the Willow Creek Mining District, including the pre-World War II Lucky Shot and War Baby mines. It is estimated that from 1918 until being shut down by the federal War Production Board i...
Development of the high-grade Lucky Shot gold mine near Willow Alaska has been suspended and the future of the project is up to the Singapore-based equity firm that is the new owner. In a June 6 announcement, Miranda Gold Corp. reported that Gold Torrent Inc., the Idaho-based company seeking to develop a small but high-grade mine at Lucky Shot, had failed to complete a share financing required to hold ownership of the development project. Gold Torrent, which held a 70 percent...
Golden Predator Mining Corp. and Yukon Mint, a Golden Predator subsidiary, May 30 unveiled the First Yukon Mint .9999 gold coin at an event in Toronto, Ontario. Yukon Mint gold coins will be part of a limited annual series of First Nation art selected through design contests on the obverse side and an iconic image of Klondike Gold Rush on the reverse. The First Yukon Mint coin features the work of Kaska Nation artist Miranda Lane, a self-taught artist and spiritual intuitive....
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...
Golden Predator Mining Corp. kicked off 2018 with results from 43 "grade control" holes drilled at its 3 Aces project in southeast Yukon, including the highest-grade gold intersection drilled on the property. Highlights include: 13.72 meters of 43.02 grams per metric ton gold from a depth of 1.52 meters in hole 3A17-220, including 0.76 meters of 550 g/t (17.7 ounces per metric ton) gold; 9.15 meters of 41.03 g/t gold from a depth of 0.76 meters in 3A17-230, including 0.76...
Miranda Gold Corp. and Gold Torrent Inc. have their sights set on opening a high-grade gold mine at the historic Willow Creek property in the Hatcher Pass region of Southcentral Alaska by the end of 2018. Only about 75 miles north of Anchorage, this 8,700-acre property blankets a large portion of the Willow Creek mining district, including the pre-World War II Lucky Shot and War Baby mines. It is estimated that from 1918 until being shut down by the federal War Production Boar...
As the Alaska mining industry prepares for and kicks off exploration, development and production activities for 2017, the question on everyone’s lips at the recent Cordilleran Roundup mining convention in Vancouver, B. C., was the same: “Have we seen the bottom of this down cycle?” While signs of life were seen for short periods during the 2008 to 2015 period, the reality was an overall downward spiral of commodities prices and global demand. However, in a recent editi...
As in the recent past, the state of the world's exploration industry was summarized in SNL Metal & Mining's annual "Corporate Exploration Strategies" publication, released at the Prospectors and Developers Association of Canada convention in Toronto earlier this month. Not surprisingly, it painted a grim picture of 2015, the worst year for exploration since 2009. The statistics indicate that worldwide exploration expenditures declined a further 19 percent to $9.2 billion...
Miranda Gold Corp. and Gold Torrent Inc. March 7 published an updated mineral resource for Willow Creek, located roughly 75 miles north of Anchorage, Alaska. This high-grade gold development project is now estimated to contain 206,500 metric tons of measured and indicated resources averaging 18.3 grams per metric ton (121,500 ounces) gold; and 59 thousand metric tons of inferred resource averaging 18.5 g/t (35,150 oz.) gold. Based on information from 174 holes drilled at the...
Miranda Gold Corp. Oct. 22 reported that it has reached an agreement to purchase a 3.3 percent royalty on the Willow Creek project held by Daniel Renshaw. Miranda holds the Willow Creek project under lease from Alaska Hardrock Inc. The Renshaw royalty has been separated into the area that covers the patented mining claims on the west side of the project (A Royalty) and the area that covers the patented mining claims on the east side of the project (B Royalty). The A Royalty...
Miranda Gold Corp. Aug. 12 reported an arrangement that brings together the surface and mineral rights on areas of the Willow Creek gold project that Miranda plans to develop. Before this arrangement between Alaska Hardrock Inc. and the surface owner of areas of the Willow Creek project that is leased to Miranda, Alaska Hardrock had an easement and right to access the mineral rights and before mining commenced at the Coleman Mine, Miranda would have had to negotiate terms to u...
The state of the world's exploration industry was recently summarized in SNL Metal & Mining's annual "World Exploration Trends" publication, released at the Prospectors and Developers Association of Canada convention in Toronto. Not surprisingly, it painted a grim picture of 2014, a year we are all glad to have behind us. The statistics indicate that worldwide exploration expenditures declined a further 26 percent to $11.4 billion, compared with $15.2 billion in 2013 and...
Miranda Gold Corp. March 3 said Gold Torrent plans to fast-track the Coleman gold deposit at the Willow Creek property into production in 24-30 months. Initial production estimates are for 21,000 ounces of gold annually from the mining and milling of 150 tons per day at the Southcentral Alaska project. Gold Torrent, which anticipates that gravity methods can achieve greater than 80 percent gold recovery, believes that the lack of chemicals should expedite permitting. A new...
As the year winds down, financial information has begun to trickle in quantifying just how tough 2014 was on the mining industry. Industry analyst SNL Metals & Mining announced that the total estimated global budget for nonferrous metals exploration dropped another 25 percent in 2014, to US$11.36 billion, from US$15.19 billion in 2013. Perhaps even more arresting is the precipitous fall in just the past two years from an all-time high of US$21.5 billion in nonferrous metal exp...
In an industry eager for even a scintilla of good news, a recent report from industry analyst SNL Metals & Mining recently gave the good-news-starved industry a bit of hope. SNL's article, titled, "Too early to start celebrating a recovery in the sector," indicated that although the downward trend in mineral exploration has not broken yet, the market has stopped down-grading mining equities, with a modest gain in market capitalization since its most recent low in mid-2013....
Although mineral exploration and development activities continue around the state, year-end total expenditures are beginning to gel, and we are getting an increasingly clear picture of just what sort of year it has been for the Alaska mining industry. For the producing metal mines, gross and net revenue are down over last year, largely due to significant decreases in the spot prices for those metals, with gold down almost 15 percent and silver down almost 25 percent over...
At the same time as the EPA is pushing forward on its planned precedent-setting, pre-emptive, pre-permit veto of the Pebble project and the tailings dam failure at the Mount Polley mine in British Columbia, former Gold Fields Ltd. Chief Geologist Rael Lipson published an eye-opening summary of where porphyry copper-gold projects like Pebble, Mt. Polley and dozens of others around the world fit into the future of gold production. The article, appearing in the July 2014...
I recently attended the 119th Annual Meeting of the Northwest Mining Association in Reno and came away feeling better about Alaska than when I arrived. Alaska Miners Association Director Deantha Crockett chaired and spoke in a session that covered everything from small mining operations and new exploration discoveries to advanced exploration projects and operating mines. The 8 a.m. session was surprisingly well-attended, despite the fact that the hotel was host to 1,000 explor...
Miranda Gold Corp. has tied up a 20-year lease on the Willow Creek project, a road-accessible, high-grade gold property located a short 75 miles (121 kilometers) north of Anchorage, Alaska. The 8,700-acre (3,520 hectares) property blankets a large portion of the Willow Creek mining district, including the historical Lucky Shot and War Baby mines. It is estimated that from 1918 until being shut down by the War Production Board in 1942, these two underground operations,...
