The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 75 of 109
While many of its peers are struggling to find money to continue exploration at their promising mineral prospects and deposits, Constantine Metal Resources Ltd. has managed to forge ahead with hefty programs at its copper- and zinc-rich Palmer project in Southeast Alaska. This includes C$7.13 million invested in exploring the volcanogenic massive sulphide deposit in 2014. Last year's program, funded by Dowa Metals & Mining Co. Ltd., along with drilling completed at Palmer in...
Following a couple of quiet months where Alaska's mining industry focused on its work, the last month has seen an explosion of new info come out regarding that effort, some of it profound in its potential immediate, near-term and long-term implications. For example, one of Alaska's largest mines was sold to a new owner at a surprisingly low cost per ounce. The results of a robust new preliminary economic analysis were tabled by an advanced gold-silver exploration project...
New Age Metals Inc. Aug. 29 announced the completion of a technical report that outlines a three-year plan for furthering exploration at its Genesis platinum group metals-copper-nickel project in Southcentral Alaska. Located about 75 miles north of Valdez and less than three miles from the paved highway leading to the port town, Genesis is an underexplored project that covers a 5.6-mile stretch of know PGM mineralization. This mineralization includes a drill-ready reef style...
A vital ingredient in stainless steel and superalloys, chromium is considered by the United States Geological Survey as "one of the Nation's most important strategic and critical materials." "Because there is no viable substitute for chromium in the production of stainless steel and because the United States has small chromium resources, there has been concern about domestic supply during every national military emergency since World War I," the USGS explains. Rich chromite...
11 is shaping up to be a pivotal year for the Palmer copper-zinc-silver-gold project in Southeast Alaska. A roughly US$9 million exploration program outlined by Constantine Metal Resources Ltd. on May 10 proposes not only the annual tradition of resource expansion and new discoveries but also plans to provide the first peek into the economics of mining the copper- and zinc-rich volcanogenic massive sulfide deposits found there so far. Being carried out by a joint venture...
An early spring coupled with low snow fall in many parts of Alaska have combined to enable companies large and small to start their summer field programs early this year. As expected, competition is stiff for people, drills, helicopters, heavy equipment and related services, awarding those who committed budgets early and penalizing those who did not or could not commit early. For the first time in half a decade, projects with money at hand may not be able to get the services t...
The six platinum group elements – platinum, palladium, rhodium, ruthenium, iridium, and osmium – are amongst the rarest metals on Earth. This scarcity, coupled with PGEs' uses in the automotive, petrochemical and electronics industries, has this group of metals firmly planted on the United States Geological Survey's critical minerals list. "PGEs are indispensable to many industrial applications but are mined in only a few places," USGS inked in a 2017 report on platinum gro...
New Age Metals Inc. April 18 announced that it has signed an agreement with Anglo Alaska Gold Corp. to acquire full ownership of the Genesis, a 10,240-acre, drill-ready platinum group metal project about 75 highway miles north of the all-weather port city of Valdez. "NAM (New Age Metals) uses the prospector generator model and after the preliminary field work and additional ground proofing, our objective is to find an option/joint venture partner to further the development of...
New Age Metals Inc. April 14 announced that it has signed a binding letter of intent with Avalon Development Corp. for acquiring and exploring platinum group metals and rare earth projects in Alaska. "We are pleased to partner with Avalon Development Corp. and its president Mr. Curt Freeman in Alaska," said New Age Metals Chairman and CEO Harry Barr. "The LOI accomplishes another milestone in 2018 for NAM which was to find a new mining jurisdiction and a qualified consulting...
Primarily associated with cans, cups and roofs, tin may not be the flashiest metal on the market, but it has been a strategic metal that has defined human progress since the onset of the Bronze Age around 5,500 years ago and is on the list of minerals critical to the security of the United States even today, according to the U.S. Geological Survey. "In a congressionally mandated U.S. Department of Defense study of strategic minerals published in 2013, tin was shown to have...
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...
Anniversary celebrations, golden milestones and rising metals prices are providing Alaska's metal miners with plenty to cheer about in 2016. Roughly 1 million ounces of gold will be mined in Alaska this year, when you tally the amount of the precious metal produced at four of Alaska's large metal mines – Fort Knox, Pogo, Kensington and Greens Creek – and the placer aurum produced at the family-scale operations across the state. Fortunately for all these miners, gold shot up...
Earlier in November, the Alaska Miners Association held its annual convention and trade show in Anchorage and as always, the well-attended convention overlapped with election Tuesday. While the lead up to, and results of, the national and state elections were hot topics throughout the week, one comment I heard from a colleague on the morning after the elections distilled the feelings of a lot of people at the conference. When asked what he thought of the election results, he...
Over the past month, three of Alaska's large mines reported strong quarterly results; two projects in advanced permitting and pre-feasibility reported recent progress; and three exploration properties changed hands. The latter is a trend putting 2015 on course to be one of the most active years for new acquisitions in the past decade. Placer gold production has all but ceased for the year; however, output from Alaska's placer mines is not likely to be known with any certainty...
With metal prices stabilizing, physical stockpiles dwindling and demand again on the rise, things are beginning to look up for the beleagered mining industry. Gold's performance over the past several months is a case in point. The World Gold Council reported that during the first quarter, buying of exchange-traded gold funds rose to its highest level since early 2009, wiping out the deep sell-offs of 2014 and 2015 for this instrument. Uncertainties in the fiscal stability of...
SMD: TSX President and CEO: W. Douglas Eaton Chairman: Bruce Youngman Chief Operating Officer: Ian Talbot Strategic Metals Ltd. has more than 125 mineral properties in the Yukon, making it the largest claim holder in the territory. These properties, along with five in northern British Columbia, are prospective for gold, silver, lead, zinc, copper, tin, tungsten, vanadium. As a prospect generator, Strategic identifies and stakes promising projects and completes initial exploration to confirm the geologic potential of its...
While many of its peers are struggling to find money to continue exploration at their promising mineral prospects and deposits, Constantine Metal Resources Ltd. has managed to forge ahead with hefty programs at its copper- and zinc-rich Palmer project in Southeast Alaska. This includes C$7.13 million invested in exploring the volcanogenic massive sulphide deposit in 2014. Last year's program, funded by Dowa Metals & Mining Co. Ltd., along with drilling completed at Palmer in...
Like an iceberg, it appears the 4.75 million metric tons of massive sulfide mineralization outlined so far at the Glacier Creek deposit near the top of Mt. Morlan at Constantine Metal Resources' Palmer project in Southeast Alaska may be just a glimpse of the precious metals enriched copper-zinc mineralization that lies below. To find out, Dowa Metals & Mining Co. Ltd. has agreed to invest US$6.2-million on a 2014 exploration program that included at least 10,000 meters of...
MRO: TSX.V President and CEO: Gregory Beischer Chief Exploration Officer: Philip St. George Executive Vice President: Sarah Whicker Millrock Resources Inc. identifies and acquires grassroots mineral prospects and then seeks joint venture partners to help fund the exploration. This project generator model lessens the company's need to raise money in the markets, minimizes the risks involved with grassroots exploration and exposes shareholders to a large amount of exploration expenditure per dollar invested. Since its...
WHITEHORSE, Yukon Territory - Quieter streets, emptier skies, shorter business hours and closed shops here are sure signs of tough times in the mining industry. Hours away by helicopter, one can find bare-bones exploration camps and skeleton staffs sprinkled like the occasional grain of visible gold across remote mountain vistas, which also reflect the return to the frugal times of the past. In the wake of more than two years of scarce capital, mineral exploration activity is a shadow of the booming times the territory...
As is normally the case in high summer in Alaska, news has started to trickle out of the hills on projects where new work is being conducted, and several properties have changed hands or are in the process of changing hands as mining deals are negotiated and announced across the state. Alaska mines are enjoying slight upticks in metals prices, but recent price volatility has left producers cautious about making long-term capital investments in new or existing projects. Regardl...
As a result of its timely partnership with Dowa Metals & Mining Co. Ltd., Constantine Metal Resources Ltd. has launched the largest single-season exploration program ever carried out the Palmer volcanogenic massive sulfide project near Haines in Southeast Alaska. At US$6.2-million, this year's exploration expenditures at the precious metals enriched copper-zinc project also ranks among the largest programs expected to be carried out in the 49th state during 2014. "The Palmer...
Business and civic leaders banded together to demonstrate their support for Taseko Mines Ltd.'s proposal to develop New Prosperity, an enormous copper-gold project situated near Williams Lake, British Columbia. "We've come together to send a clear message to Ottawa: Our province needs this project," said John Winter, president and CEO of the BC Chamber of Commerce. Taseko's original plan to mine the estimated 13.3 million ounces of gold and 5.3 billion pounds of copper at...
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...
A US$22 million option and joint venture agreement forged with Dowa Metals & Mining Co., Ltd. earlier this year is providing Constantine Metal Resources Ltd. with the ability to resume the expansion of a high-grade volcanogenic massive sulfide deposit at its Palmer project in Southeast Alaska. In addition to a cash infusion during tight financial markets, Dowa brings 130 years of experience in the mining and smelting of VMS ores to its newly forged partnership at Palmer....
