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 131
Nova Minerals Ltd. Jan. 19 announced plans to complete more than 20,000 meters of drilling to expand upon the wide sections of high-grade gold mineralization encountered last year at the RPM North deposit on its Estelle gold property in Alaska. Located toward the south end of the Estelle property, RPM North is a relatively early-stage deposit that Nova Minerals only started drilling in 2021. Following up on a 2012 hole drilled by a previous operator that cut 177.4 meters...
While copper has the potential to be a major contributor to Alaska's economic future, this "new oil" of the low-carbon economy will be hard-pressed to beat out the old money being produced at current and coming gold mines across the Last Frontier. This is due in large part to Kinross Gold Corp.'s new "Kinross Alaska" strategy that is leveraging the underutilized 14-million-metric-ton-per-year mill and storage capacity at Fort Knox to process higher-grade ore mined from...
"Due to significant backlogs at assay labs, the results from this program are pending" is the theme for the 2021 mineral exploration season across Alaska and Canada's North. The turnaround times for assay results descended from long during the first half of the year to ad absurdum during the latter half. Backlogs at assay labs are nothing new for mineral explorers in the North of 60 Mining News coverage area. In fact, the ability to completely overwhelm the sample prep...
Assays are pending, the unofficial slogan of the 2021 mineral exploration season across Alaska and Canada's North, is a phrase that continues to echo in a void left by the lack of drill results going into the new year. "'Assays pending' has become one of the least popular phrases around the industry this year, given the painfully slow turnaround time at the labs," Tectonic Metals Inc. President and CEO Tony Reda penned in a year-end update on the Vancouver, British Columbia-ba...
Seeking to expand and upgrade its multi-million-ounce Korbel gold deposit in preparation for feasibility-level studies and explore the intriguing gold targets across the 125-square-mile (324 square kilometers) Estelle property, Australian explorer Nova Minerals Ltd. carried out one of the largest mineral exploration projects in Alaska during 2021. Located about 100 miles northwest of Anchorage, Alaska's largest city, the 18-mile-long Estelle property covers more than a dozen...
Nova Minerals Ltd. Dec. 22 announced that drilling has now outlined 9.6 million ounces of gold at its Estelle property in Alaska, a 55% increase over the 6.2 million oz reported by the Australia-based exploration company in October. The previous calculation brought in the first ever resource for RPM, the second deposit outlined so far at Estelle. The new calculation upgrades and expands upon the larger Korbel Main deposit. According to the latest resource update the Korbel Mai...
The Alaska Industrial Development and Export Authority Oct. 27 announced the receipt of $8.5 million in funds for the advancement of predevelopment work for the West Susitna Access Road project, which would extend into resource-rich areas west of Cook Inlet in Southcentral Alaska. "Investing in access projects creates the infrastructure necessary to bring natural resources to market, which creates good-paying jobs for Alaskan families and generates local tax revenue that...
Nova Minerals Ltd. Oct. 27 announced that a maiden inferred resource of 1.5 million ounces gold has been calculated for the RPM North deposit, bringing the total gold outlined so far at the company's Estelle property in Alaska to 6.2 million oz. "RPM North is an exceptional new gold discovery within the Estelle Gold district which highlights the massive upside potential of this project. This has really changed the future for Nova and our shareholders," said Nova Minerals CEO C...
Nova Minerals Ltd. Oct. 18 reported two additional long intercepts of strong gold mineralization from this year's drilling at the RPM North target on the Australian company's Estelle gold project in Alaska. Situated about 16 miles (25 kilometers) south of Korbel, where Nova has outlined 4.7 million ounces of gold in 518 million metric tons of inferred resource averaging 0.3 grams per metric ton gold, RPM is emerging as the second large gold deposit at Estelle. One hole...
While one hole does not make a deposit, the long section of strong gold mineralization in Nova Minerals Ltd.'s fifth hole at the RPM North prospect on its Estelle project in Alaska is a superb start. Situated about 16 miles (25 kilometers) south of Korbel, where Nova has outlined 4.7 million ounces of gold in 518 million metric tons of inferred resource averaging 0.3 grams per metric ton gold, RPM is a high-priority target that Nova has been anxious to drill. One hole drilled...
Nova Minerals Ltd. Sept. 20 announced that its 2021 reconnaissance exploration has discovered an extensive gold, silver, and copper mineralized zone between the Korbel gold deposit and RPM target on the company's Estelle property in Alaska. While investigating what appeared to be high-grade mineralization at the Stoney vein, a color anomaly at what is now referred to as the Rainy Day vein, and determine the source of the magnetic anomaly at the T5 prospect, Nova Minerals...
Nova Minerals Ltd. Sept. 1 reported that infill drilling of the Korbel deposit on its Estelle gold project in Alaska continues to confirm the continuity and expand upon the resource outlined there. According to an April calculation, the Korbel Main deposit hosts 4.7 million ounces of gold in 518 million metric tons of inferred resource averaging 0.3 grams per metric ton gold. This year's drilling is focused on upgrading and expanding this resource, as well as establishing a...
Adding to the major Australian investments in unlocking Alaska's mineral potential by South32 Ltd. and Northern Star Resources Ltd., junior explorer Nova Minerals Ltd. is briskly expanding the multi-million-ounce gold resource it has outlined over the past three years on its Estelle gold property in the state's Southcentral region. According to a calculation published in April, the Korbel Main deposit at Estelle hosts 518 million metric tons of inferred resource averaging 0.3...
Accounting for at least US$100 million invested in mineral exploration and mine development in Alaska during 2021, Australian companies continue to work along the entire breadth of the Last Frontier's mining industry – from discovery to doré. Following a year in which COVID-19 protocols and travel restrictions made exploring Alaska challenging, especially for companies headquartered half a world away, this impressive investment in Alaska's mining sector demonstrates that Do...
Alaska's largely untapped mineral potential continues to draw the interest of Down Under mining companies, including two Australian minerals explorers that picked up prospective land packages open to staking. Earlier this month, Australia-based Ragusa Minerals Ltd. announced that it had acquired Monte Cristo, a block of 500 state mining claims covering a 35-mile-long (55 kilometers) under-explored stretch of Southcentral Alaska east and south of two projects with...
A new Australian company has entered the Alaska gold exploration scene with a deal to acquire Monte Cristo, a 125-square-mile (324 square kilometers) underexplored project in the Kahiltna Terrane area. Consisting of 500 state mining claims, Monte Cristo covers a 35-mile-long (55 kilometers) under-explored stretch of Southcentral Alaska east and south of two projects with multi-million-ounce gold resources – GoldMining Inc.'s Whistler gold-silver-copper project and Nova M...
GoldMining Inc. June 21 published an updated mineral resource estimate for its Whistler gold-silver-copper project adjacent to Nova Minerals Ltd.'s Estelle gold project in Southcentral Alaska. According to the new calculation, the Whistler, Island Mountain, and Raintree West deposits at Whistler host 118.2 million metric tons of indicated resource averaging 0.51 grams per metric ton (1.94 million ounces) gold, 2.19 g/t (8.3 million oz) silver, and 0.16% (422 million pounds)...
Nova Minerals Ltd. June 16 announced the start of drilling at RPM, a potentially higher-grade zone that represents the next stage of growth on the company's Estelle gold property in Alaska. Situated about 16 miles (25 kilometers) south of Korbel, where Nova has outlined 4.7 million ounces of gold in 518 million metric tons of inferred resource averaging 0.3 grams per metric ton gold, RPM is a high-priority exploration target with very high gold grades at surface. One hole...
Nova Minerals Ltd. June 8 reported strong gold mineralization encountered during infill drilling at the Korbel Main deposit at the company's Estelle gold property in Southcentral Alaska. Situated about 100 miles (160 kilometers) northwest of Anchorage, Alaska's largest city, Estelle blankets 85 square miles (220 square kilometers) of gold-rich geology. While more than a dozen targets have been identified across the 18-mile- (29 kilometers) length of Estelle, Nova is currently...
Nova Minerals Ltd. April 7 announced an updated and expanded resource for the Korbel Main gold deposit on its Estelle project in Alaska. According to the new calculation, Korbel Main hosts 4.7 million ounces of gold in 518 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 0.3 grams per metric ton gold. Based on the results from recent ore sorting studies that show a significant improvement in mill feed grades, the new...
The American Southwest is the best place in the world to find, permit, and build a mine, according to the mining executives that responded to the Fraser Institute's Annual Survey of Mining Companies, 2020. Nevada, which is a perennial top-5 contender when it comes to "investment attractiveness", reclaimed the top spot from Western Australia in the latest edition of the Fraser mining survey. Arizona moved up from seven places to claim the No. 2 position in this category....
Nova Minerals Ltd. March 15 said it is encouraged by the results from ore sorting tests completed on material sourced from the Korbel Main deposit on its Estelle gold project in Alaska. According to the most recent calculation, Korbel Main hosts 3.28 million ounces of gold in 291 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 0.35 grams per metric ton gold. This resource is expected to be expanded with a new...
Nova Minerals Ltd. Feb. 8 reports that it has extended the gold mineralization tapped with drilling at the Korbel Main deposit on its Estelle project in Alaska to 1,600 meters along strike and growing. "We are yet to find the extent of the Korbel Main system and continue to encounter wide gold mineralization intercepts, further expanding the footprint," said Nova Minerals CEO Christopher Gerteisen. As of September, Korbel resource blocks A and B hosted 291 million metric tons...
Strong metal prices and an infusion of cash from notable resource investors helped to salvage much of a 2020 mineral exploration season in Alaska that became lethargic with disruptions, delays, and shelving of field programs infected by the COVID-19 pandemic early in the year. At its onset, 2020 was looking like it would be the best year for Alaska's mining sector in a decade. Australia-based mining companies were slated to invest nearly US$100 million in mineral exploration...
Australian explorer Nova Minerals Ltd. is rapidly building on the multi-million-ounce gold resource it has outlined on its flagship Estelle project in Alaska. Located about 100 miles (160 kilometers) northwest of Anchorage, Alaska's largest city, Estelle blankets 85 square miles (220 square kilometers) of gold-rich geology. While more than a dozen targets have been identified across the 18-mile- (29 kilometers) length of Estelle, Nova focused its 2020 drilling on the Korbel de...
