The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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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...
While 103.9-meter drill intercepts averaging 6.1 grams per metric ton gold continues to demonstrate the robustness of mineralization at Donlin Gold, completing a 23,400-meter drill program during 2020 without a single COVID-19 case or lost time injury is an even more rewarding achievement for the 39-million-ounce gold mine project in western Alaska. "Well done to the Donlin team for delivering a safe and COVID-free year," said Barrick Gold Corp. President and CEO Mark...
Whether it is the exponential growth in electric vehicles traveling global highways, the massive need for storing energy at solar and wind electrical generating facilities, or cutting the cords on our electronic devices, the world is becoming increasingly dependent on lithium-ion batteries. And this is driving up the demand for cobalt, a critical safety ingredient in the cathodes of these energy storage cells. "Globally, the leading use is in the manufacture of cathode materia...
Donlin Gold LLC, a joint venture partnership owned equally by Barrick Gold Corp. and Novagold Resources Inc., completed 23,400 meters of drilling this year to gain a better understanding of the 39-million-ounce Donlin gold mine project in Southwest Alaska. "Diligent exploration and detailed geological modeling are essential in establishing a strong foundation on which to deliver optimal value from an asset the size of Donlin," said Barrick Gold President and CEO Mark Bristow....
Though gold is not considered a metal critical to the United States, this increasingly valuable precious metal could serve as a pathfinder element for several of the other minerals and metals the U.S. Geological Survey deemed critical to America. Selling for roughly US$2,000 per ounce and expected to climb much higher as central banks and governments inject unprecedented amounts of cash into a global economy affected by COVID-19, gold has become an increasingly vital...
Despite a two month suspension of activities and other challenges related to protecting workers and local communities from COVID-19, Donlin Gold LLC managed to exceed its planned drilling at its 39-million-ounce gold project in the Yukon-Kuskokwim region of Southwest Alaska. "I'd like to congratulate the joint venture team, as well as thank our Native corporation partners, Calista Corporation and The Kuskokwim Corporation, on successfully completing drilling despite the...
When Granite Creek Copper Ltd. decided to refocus its energies on finding copper in Yukon Territory in October 2018, it swung into action, aggressively tackling its vision of becoming a leading copper exploration company. Just over two years later, the junior has acquired the advanced Carmacks Copper Project and is hoping to establish a mineral resource estimate on its larger Stu Project next door. To begin its transition, the junior changed its name from Granite Creek Gold...
Barrick Gold Corp. President and CEO Mark Bristow believes Donlin Gold is "a very valuable asset" that is both blessed and challenged by its location. "If you look at Donlin compared to some of the other assets in our portfolio, it's a pure gold play, it's in a mining-friendly jurisdiction, it's just in a very challenging geographical setting," he said during Barrick Gold's second quarter webinar on Aug. 10. Barrick and its executive office have recently been more candid about...
Barrick Gold Corp. and Novagold Resources Inc. Aug. 6 reported that initial results from the 2020 optimization drill program at Donlin Gold continue to tap near-surface, high-grade mineralization that could likely be mined during the early stages of operations at the 39-million-ounce gold project in Southwest Alaska. Donlin Gold LLC – a 50-50 joint venture between Novagold and Barrick – began gearing up for a roughly 22,000-meter drill program at Donlin in February but the...
Novagold Resources Inc. is taking the offensive against J Capital Research USA LLC, a company that released a fallacious report on Novagold in what is being considered a "short-and-distort" attack against the company that owns a 50% stake in the 39-million-ounce Donlin Gold project in Southwest Alaska. Basically, a short-and-distort scheme is when an investor or group of investors takes a short position in a company – a means of profiting from the decline of a company's s...
After a two-month suspension due to COVID-19, drills are once again turning at the Donlin Gold project in the Yukon-Kuskokwim region of Southwest Alaska. Donlin Gold LLC – a 50-50 joint venture between Novagold Resources Inc. and Barrick Gold Corp. – began gearing up for a roughly 22,000-meter drill program at Donlin in February and had drills turning on the 39-million-ounce gold project by March. With the novel coronavirus outbreak elevating to pandemic levels, the par...
White Rock Minerals Ltd. June 10 said a team of geologists is slated to explore the Last Chance prospect in preparation for the first drilling at this gold discovery on the company's Red Mountain project in Interior Alaska. A detailed regional stream sediment program carried out last year led to the discovery of Last Chance, which is located on the west end of White Rock's 216-square-mile (559 square kilometers) property about 60 miles (100 kilometers) south of Fairbanks. Whil...
Skeena Resources Ltd. June 4 announced it is implementing a vigorous infection prevention and control strategy ahead of resuming exploration and development activities at its Eskay Creek and Snip gold projects in British Columbia's Golden Triangle. Skeena launched a 28,000-meter drill program at Eskay Creek earlier this year but idled the drill after completing 4,237 meters due to COVID-19 restrictions. Planning to resume this program later this month, the company is...
N'tsi Tatay, more widely known as the Windy Craggy Project, is one of North America's largest resources of cobalt with excellent copper, zinc, gold, and silver grades hosted in an Upper Triassic Besshi-style volcanogenic massive sulphide. It is located in the northwestern corner of British Columbia within a regional scale volcano-sedimentary basin, termed Alta Basin, which is a mineralized belt that has the potential for future discoveries. Other known sulphide prospects...
As the largest shareholder and chairman of Novagold Resources Inc., a company that owns 50% of the 39-million-ounce Donlin Gold project in Alaska, it is natural for New York billionaire Thomas Kaplan to elucidate potential investors on his predictions of coming rises in the price for an ounce of gold. The truth, however, is the renowned entrepreneur and natural resources investor is not bullish on gold because he has skin in the game. Instead, he is a major owner of the...
Northern Dynasty Minerals Ltd. said its Pebble project could provide another source of jobs and revenue to an Alaska economy challenged by an interrelated combination of COVID-19 and low oil prices. Though fewer than 400 cases of COVID-19 have been diagnosed in Alaska, placing it among the lowest states in the country on an absolute and per capita basis, the economic impact of the global pandemic on the largest of the United States is both severe and ongoing. As a result of...
4 is shaping up to be the best year for Alaska's mineral exploration sector in a decade – that was the message delivered by North of 60 Mining News in January. Now, just four months and one COVID-19 pandemic later, the aspirations of a banner year for the companies unlocking the Last Frontier's vast mineral potential are distant and likely unachievable. While some mineral exploration companies will be able to carry out their 2020 programs as anticipated, restrictions to "...
White Rock Minerals Ltd. April 5 said that despite the market uncertainty and travel restrictions related to COVID-19, it intends to carry out at least a limited drill program to expand zinc mineralization and test a new gold discovery on its Red Mountain property in Alaska. "As an exploration company, we understand what it is like to operate in uncertain times with uncertain outcomes," said White Rock Minerals Managing Director Matt Gill. "Work is still progressing, and we...
Novagold Resources Inc. April 1 announced that the planned 80-hole drill program at Donlin Gold, a 39-million-ounce gold project owned equally by Novagold and Barrick Gold Corp., has been put on hold due to COVID-19 measures in the Yukon-Kuskokwim region of Southwest Alaska where the proposed mine is located. A week earlier, Novagold reported that the roughly 22,000-meter drill program was ongoing but the rapidly evolving protocols to prevent the spread of coronavirus,...
Barrick Gold Corp. March 20 announced it has stepped up its emergency response plans for dealing with the COVID-19 pandemic at all its sites and offices across the world. The latest round of measures by the global gold mining company includes the suspension of all non-essential business travel and the curtailing of all non-vital projects. Barrick Gold President and CEO Mark Bristow said the company was closely monitoring the very fluid COVID-19 situation, constantly updating...
Novagold Resources Inc. March 23 said the 2020 drill program at the Donlin Gold project in Southwest Alaska continues at this date, but recognizes that the COVID-19 crisis is fluid and is monitoring the state of Alaska health recommendations and will make the necessary adjustments including pushing back the timeline for the balance of the 22,000 meters of drilling planned for this year. Donlin Gold LLC, a joint venture partnership owned equally by Novagold and Barrick Gold...
Canada's provinces and territories have fallen from grace in the eyes of the global mining community, according to the latest rendition of Fraser Institute's Annual Survey of Mining Companies. For the first time in a decade, no Canadian jurisdiction ranks in the top 10 for "investment attractiveness" in the annual survey conducted by the Canadian public policy think-tank. This report asks industry professionals from around the globe to score mining jurisdictions based on their...
White Rock Minerals Ltd. Jan.28 announced the discovery of a large gold anomaly at Red Mountain, an expansive Alaska mineral exploration project better known for the zinc-rich volcanogenic massive sulfide deposits found there. Two VMS deposits on the Red Mountain property – Dry Creek and West Tundra Flats (WTF) – host 9.1 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 5.8 percent (1.17 billion pounds) zinc; 2.6 perc...
North of 60 Mining News is proud to introduce 20 questions for 2020. Over the course of this series, Mining News will interview mining and political leaders from Alaska, British Columbia, Northwest Territories, Nunavut and Yukon. Each interview will include 20 questions on mining, markets and doing business across Alaska and Canada's North. For the inaugural 20 questions for 2020, Mining News talks with Contango ORE Inc. CEO Rick Van Nieuwenhuyse, a longtime mining executive...
As we move into 2020 there are still no definitive indications of when joint venture partners Novagold Resources Inc. and Barrick Gold Corp. will make the final decision on development of the 39-million-ounce Donlin Gold project in Southwest Alaska. Donlin Gold LLC – a 50-50 JV formed between Novagold and Barrick to advance the world-class gold mine project – has already received most of the state and federal permits to develop and operate the mine. This includes recent iss...
