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 178
An abnormally long fall has allowed the Alaska mining industry to extend seasonal work well into mid-October, creating a lot of new information about project work conducted around the state. Exploration efforts, in particular, benefitted from this additional field time. Based on information available to date, 2019 exploration expenditures are expected to be in the $135-140 million range, well ahead of the $120-125 million exploration spending tracked for 2018. In addition,...
New Age Metals Inc. Oct. 8 reported that the 2019 Genesis exploration program has significantly expanded the platinum group element-nickel-copper exploration targets on this project in Southcentral Alaska. "We are pleased to announce that this summer's exploration efforts have doubled the strike length of prospective mineralization at our road accessible Genesis PGE-nickel-copper project in Alaska," said New Age Metals Chairman and CEO Harry Barr. Situated along the...
If you have watched the metals markets over the last month, you know why Alaska's mineral industry has surged, stalled, swerved, swooped, slowed, shelved and stuttered, sometimes all at the same time! Gold has gone above US$1,500 per ounce; copper pundits are predicting an increasingly dour future; zinc markets are looking to dive below $1.00 per pound; tin markets have marched strongly upward due to supply disruptions; and silver bulls are calling for annual worldwide...
Garibaldi Resources Corp. Sept. 12 reported assay results from the longest massive sulfide and mineralization intercepts so far at Nickel Mountain, a magmatic nickel- and copper-rich sulfide system about 11 miles (18 kilometers) southwest of the past producing Eskay Creek Mine in British Columbia's Golden Triangle. Garibaldi first tapped the nickel- and copper-rich E&L intrusion at Nickel Mountain in 2017. This hole, EL-17-14, cut 16.75 meters averaging 8.3 percent nickel, 4.2...
As the rest of the country suffers through the Dog Days of summer, Alaska is approaching the end of a topsy-turvy summer season that saw unseasonably hot, dry weather in some parts of the state during some parts of the summer, while other parts of the state have seen record rainfall and unseasonably early snowfall. Gold prices have skyrocketed over the $1,500 per ounce mark and silver prices have moved strongly up, now trading at a one-year high. However, copper and zinc are a...
Garibaldi Resources Inc. Aug. 9 reported that drills have tapped the widest zone of nickel- and copper-rich massive sulfide ever encountered at its Nickel Mountain project about 18 kilometers (11 miles) southwest of the historic Eskay Creek Mine in the heart of British Columbia's Golden Triangle. "This season's drill program is our best start yet at Nickel Mountain at a time when nickel prices are hitting new multi-year highs," said Garibaldi Resources President and CEO Steve...
At a time when electric vehicles are driving the need for increased nickel, Garibaldi Resources Inc. is unveiling an extremely high-grade deposit of this battery metal at its Nickel Mountain project about 18 kilometers (11 miles) southwest of the historic Eskay Creek Mine in the heart of British Columbia's Golden Triangle. "Increasingly, Nickel Mountain represents an important new discovery within the Eskay Rift," said Peter Lightfoot, a technical advisor to Garibaldi and...
When it comes to managing its more than 1.5 million acres of land in a region of Southcentral Alaska renowned for its natural beauty, Copper River salmon, abundant wildlife and one of the richest lodes of copper to ever by mined on earth, Ahtna Inc. balances development for the prosperity of its current shareholders and preservation of resources for future generations. An important facet of this management is ensuring that there are plenty of plants, fish and wildlife to suppo...
With 12.5 million acres of land spanning Alaska's Interior, Doyon Ltd. is the largest private landholder in the state and one of the largest in the nation. For mining and mineral exploration companies, the rich mineral potential of these lands may be more impressive than the sheer size of the estate. This is because the Doyon region is a nearly Texas-sized swath of Interior Alaska that is renowned for its gold and a host of other metals, providing the regional corporation,...
Granite Creek Copper Ltd. Feb. 19 said it has secured a substantial historical database detailing exploration work conducted on the area covered by the company's newly acquired Stu copper-gold-silver project about 47 kilometers (29 miles) northeast of Carmacks, Yukon. Granite Creek Copper is a newly formed exploration company that closed a deal to acquire Stu in January. At the time of the acquisition, the company closed a C$1.8 million non-brokered private placement...
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...
Nova Minerals Ltd. (formerly Quantum Resources Ltd.) July 31 said it plans to complete at least 8,000 meters of drilling over the next six to eight weeks at the Estelle gold-copper-silver project about 100 miles northwest of Anchorage. The Australia-based explorer optioned Estelle late in 2017 as part of a larger deal that included four other Southwest Alaska properties – Chip-Loy, a nickel-copper-cobalt-gold-silver-platinum group element project; Bowser Creek silver-zinc-lead...
Cobalt is an essential ingredient to optimizing the performance of batteries in the growing number of electric vehicles on global highways, yet essentially none of this battery metal is mined in the United States. With at least one advanced stage exploration project in Alaska looking into the potential of producing cobalt alongside its copper, America's 49th State could provide a domestic source for this critical metal. In its annual report, Mineral Commodity Summaries 2018,...
Constantine Metal Resources Ltd. May 1 said it intends to raise C$10 million through a non-brokered private placement that will include a major strategic investment from Electrum Strategic Opportunities Fund II L.P., an investment fund managed by The Electrum Group LLC. Altius Minerals Corp. and John Tognetti, a major shareholder and Constantine Metal insider, are also slated to participate in the financing. "We welcome the Electrum 'family' as a major shareholder, who we...
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...
Nickel Creek Platinum Corp. April 25 said the second phase of its metallurgical program on the Nickel Shäw (formerly Wellgreen) project in southwestern Yukon is advancing into mini pilot plant testing. The company, previously known as Wellgreen Platinum, said the phase II metallurgical program is the most in-depth and comprehensive analytical undertaking that has ever been applied to Nickel Shäw. This work, which began in September, initially focused on flowsheet o...
At a time when electric vehicles are driving up nickel demand, Garibaldi Resources Inc. is unveiling an extremely high-grade deposit of this battery metal at its Nickel Mountain project about 18 kilometers (11 miles) southwest of the historic Eskay Creek Mine in the heart of British Columbia's Golden Triangle. "Increasingly, Nickel Mountain represents an important new discovery within the Eskay Rift," said Peter Lightfoot, a technical advisor to Garibaldi and nickel geology...
Melbourne, Australia-based Nova Minerals Ltd. first looked north to Alaska late in 2017, when it acquired five Alaska properties – Estelle, a gold-copper-silver project about 100 miles northwest of Anchorage; Chip-Loy, a nickel-copper-cobalt-gold-silver-platinum group element project; Bowser Creek, a silver-zinc-lead project; Windy Fork, a rare earth elements property; and Ozzna Creek, a gold-silver-zinc-copper-lead property. Nova Minerals' 2019 exploration focused p...
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 industrious precious 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 rep...
Cobalt is a critical safety ingredient in the cathodes of lithium-ion batteries powering the ever-increasing number of electric vehicles traveling global highways and a plethora of cordless electrical devices. "Globally, the leading use is in the manufacture of cathode materials for rechargeable batteries – primarily lithium-ion, nickel-cadmium, and nickel-metal-hydride batteries – which are used in consumer electronics, electric and hybrid-electric vehicles, energy sto...
More than three dozen explorers chased lucrative mineral deposits in Yukon Territory in 2017 and most of these junior and senior companies returned to the northern jurisdiction this year to take another crack at hitting the jackpot. Known for its rich and storied gold mining history as well as its rugged mountain peaks, Yukon is roughly 15 percent larger than California, covering more than 482,000 square kilometers (186,272 square miles). Split off from the Northwest...
Since investing roughly US$70 million to acquire a 28 percent stake in Novagold Resources Inc. in 2009, American billionaire Thomas Kaplan and his Electrum Group of companies have taken a keen interest in some of the more intriguing mineral exploration companies and projects in Alaska and across Canada's North. Kaplan, an Oxford-educated historian that began investing in natural resources in the 1980s, knows that gold has served as a currency throughout mankind's written histo...
Nickel Creek Platinum Corp. is focused on developing its Nickel Shäw (formerly Wellgreen) project in southwestern Yukon into Canada's next world-class nickel-copper-cobalt-PGM sulfide mine. Towards this objective, the company previously known as Wellgreen Platinum is carrying out the most in-depth a metallurgical program that is the comprehensive analytical undertaking that has ever been applied to Nickel Shäw. This work, which began in 2017, initially focused on flowsheet opt...
Nova Minerals Ltd. (formerly Quantum Resources Ltd.) completed an inaugural drill program in 2018 at its newly acquired Estelle gold-copper-silver project about 100 miles northwest of Anchorage, Alaska. The Australia-based explorer optioned Estelle late in 2017 as part of a larger deal that included four other Southwest Alaska properties – Chip-Loy, a nickel-copper-cobalt-gold-silver-platinum group element project; Bowser Creek silver-zinc-lead project; Windy Fork, a rare e...
