The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 76 - 100 of 451
Alaska mines produced roughly $3.16 billion worth of non-fuel minerals during 2020, a slight increase over the $3.13 billion during 2019, according to Mineral Commodity Summaries 2021 published by the U.S. Geological Survey on Feb. 2 The rise in Alaska mine production value is largely due to higher gold output at Alaska's large mines and record setting prices for the precious metal last year. According to early estimates by the Alaska Division of Geological & Geophysical...
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...
A relatively young mineral exploration company led by a veteran team noted for their success in advancing Coffee Gold in the Yukon from a grassroots discovery to a roughly 5-million-ounce gold mine project, Tectonic Metals Inc. is exploring the overlooked gold potential Alaska has to offer. Formed as a private company in 2018 and taken public on the TSX Venture Exchange towards the end of 2019, Tectonic has already built an impressive portfolio of gold properties and strong...
Resolution Minerals Ltd. is on a mission to reveal the rich gold potential in Alaska's Goodpaster Mining District, home to Northern Star Resources Ltd.'s Pogo gold mine. While still known as Northern Cobalt Ltd., this Australia-based junior cut a deal with Millrock Resources Inc. to earn up to a 60% interest in 64North, a 160,000-acre land package encircling the Pogo Mine property, by investing US$20 million in exploration spending over four years. This enormous property is...
Surpassing 4 million ounces of gold production and roughly another 6.7 million oz in the ground, the Pogo Mine in Alaska is a rising star in Australia-based Northern Star Resources Ltd.'s growing portfolio of gold assets. The February pouring of the 4 millionth ounce of gold recovered from rich deposits at Pogo was a milestone that seemed to mark a changing of the guard for this operation that is transitioning to a renewed life under Northern Star ownership. "It is awesome...
As a project generating exploration company, Millrock Resources Inc. identifies and secures grassroots mineral projects and brings on partners to fund the high-risk early stages of exploration. Currently, this work is primarily focused on gold and copper projects in Alaska and Mexico. One of the largest and most intriguing Millrock generated project is 64North, which covers a 163,240-acre swath of Alaska's Goodpaster Mining District. This large land package has been divided...
Kenorland Minerals Ltd., which has been exploring the Tanacross porphyry copper-gold project in eastern Alaska as a private company for several years, is now a publicly listed company with a strong treasury and extensive portfolio of mineral exploration projects in Quebec and Alaska. "We are extremely excited to begin this next chapter of Kenorland Minerals," said Kenorland Minerals President and CEO Zach Flood. "The company has grown significantly since our inception in 2016...
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...
Would you consider drinking heavy metals to make your stomach feel better? A serum containing arsenic, cadmium, lead or mercury would only make matters worse and could be deadly. Bismuth, the heaviest of the heavy metals, however, is swigged by millions of indigestion sufferers each year. In fact, stomach remedies such as Pepto-Bismol, along with cosmetic applications, are currently the largest market for bismuth. Being the only non-toxic heavy metal, bismuth is being...
Tectonic Metals Inc. Dec. 21 reported that its initial prospecting of Carrie Creek, a newly acquired project immediately adjacent to Tibbs, has turned up intrusion-hosted gold mineralization similar to the ore at Kinross Gold Corp.'s Fort Knox Mine. Tectonic acquired Carrie Creek through a long-term lease agreement it entered into with Doyon Ltd., an Alaska Native Claims Settlement Act (ANCSA) regional corporation with 12.5 million acres of land spanning Alaska's Interior, in...
Millrock Resources Inc. and Resolution Minerals Ltd. Dec. 13 announced the completion of the 2020 exploration at 64North, and preliminary plans for the 2021 program at this large land package adjacent to Northern Star Resources Ltd.'s Pogo gold mine in Alaska's Goodpaster Mining District. Since entering into an exploration agreement with Millrock late in 2019, Resolution has invested more than US$5 million in exploration at 64North and has indicated that it plans to make the...
Tectonic Metals Inc. Sept. 14 reported strong gold intercepts from drilling at Lower Trench, a discovery zone about 1,500 meters northwest of the Michigan zone on the Tibbs project in Alaska's Goodpaster Mining District. Michigan was first tapped by Tectonic during 2019 and was a primary focus of a 27-hole program rotary air blast drill program carried out this this year at Tibbs, which is about 22 miles (35 kilometers) southeast of Northern Star Resources Ltd.'s Pogo gold...
Northern Star Resources Ltd. Oct. 27 reported that its Pogo Mine in Alaska's Goodpaster Mining District produced 53,810 ounces of gold during the third quarter of 2020, a 9% increase over the 49,353 oz recovered during the previous quarter. The increased gold production is the result of slight improvements in ore grades, mill throughput, and ore recoveries. The average grade of ore mined during the third quarter was 8.9 grams per metric ton, which is about 6% higher than the...
Tectonic Metals Inc. Oct. 26 reported that soils sampling has identified numerous drill-ready gold exploration targets that are strikingly similar to the deposits being mine at Northern Star Resources Ltd.'s Pogo Mine about 22 miles (35 kilometers) northwest of Tibbs. Tectonic crews collected 1,153 soil samples at Tibbs this year. This sampling primarily focused on exploring the gneissic rocks in the west of the property, where recent mapping highlights low-angle faults...
Kinross Gold Corp.'s new long-term strategy for its Fort Knox Mine is a paradigm shift for mineral exploration companies with gold projects on or near the road system within a 300-mile-radius of the iconic gold operation about 20 miles north of Fairbanks, Alaska. Under this new operating plan, Kinross is looking for Alaskan projects that can deliver high-grade ore to the underutilized 14-million-metric-ton-per-year mill at Fort Knox. "There is an economic radius around Fort...
Pogo Mine owner Northern Star Resources Ltd. continues its growth with the proposed merger with fellow Australian gold miner Saracen Mineral Holdings Ltd. In an all-shares deal announced on Oct. 5, the two companies will merge into the world's eighth largest gold producer, with a market capitalization of US$11.5 billion (A$16 billion) and gold producing assets in Australia and Alaska. Under the proposed deal, Saracen shareholders will receive 0.3763 Northern Star shares for...
Resolution Minerals Ltd. and Millrock Resources Inc. Sept. 28 said they are disappointed but not discouraged by the weakly anomalous gold encountered in a 22-meter zone of veining in hole 20AU07 drilled into the Aurora target on the 64North project in Alaska's Goodpaster Mining District. The Aurora target at 64North is immediately west of the Goodpaster discovery on Northern Star Resources Ltd.'s high-grade Pogo gold mine property. In mid-September, Resolution reported that...
Doyon Ltd. is seeing a resurgence of mineral exploration on its lands across Interior Alaska, especially on gold properties held by the Alaska Native Claims Settlement Act regional corporation. Running the breadth of Alaska between the Brooks Range to the north and Alaska Range to the south, the Doyon region blankets a mineral-rich swath of Alaska's Interior that is nearly the size of Texas. Doyon itself, owns 12.5 million acres of land within this vast region, making it the...
Resolution Minerals Ltd. Sept. 17 reported that the seventh hole of the 2020 season at 64North project has tapped a seven-meter-thick quartz vein at Aurora indicative of the Pogo-style gold mineralization being sought. Bordering Northern Star Resources Ltd.'s Pogo gold mine property, the roughly 160,000-acre 64North project includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide. Under a deal cut with Millrock R...
Tectonic Metals Inc. Sept. 14 reported additional high-grade gold intercepts from drilling at the Michigan zone on the company's Tibbs project in Alaska's Goodpaster Mining District. This year's drilling at Michigan focused on systematically stepping out to the northeast and southwest along a prominent northeast trending lineament in the center of the zone, where 2019 rotary air blast drilling cut 28.95 meters averaging 6.03 grams per metric ton gold. Given the success last...
Northway Resources Corp. Sept. 10 reported that recently completed geochemical and geophysical surveys have identified some very compelling exploration targets on the company's Healy gold project in Alaska's Goodpaster Mining District. Healy was first identified by Newmont Corp., which staked the property after carrying out four years of analysis across a large swath of Alaska's Eastern Interior region. Follow-up soil sampling by the major gold producer identified three...
Millrock Resources Inc. and Resolution Minerals Ltd. Sept. 10 provided results from two more holes drilled at 64North and an update on other exploration activities being carried out across the expansive gold exploration project in Alaska's Goodpaster Mining District. Bordering Northern Star Resources Ltd.'s Pogo gold mine property, the roughly 160,000-acre 64North project includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last C...
Tectonic Metals Inc. has cut a deal with Doyon Ltd. that significantly expands its gold exploration properties in Alaska's Goodpaster Mining District and strengthens its mutually beneficial partnership with the Interior Alaska Native regional corporation. "We are committed to our goal of finding the next Alaskan gold mine and providing economic and social benefits to the communities in which we work and operate," said Tectonic Metals President and CEO Tony Reda. Under an agree...
Rising metal prices are helping to soften the blow COVID-19 has landed on Alaska's mining sector in 2020. While mining has been deemed an essential business in Alaska, which has helped keep the six large mines in the state operating during the pandemic, measures put in place to slow the spread of COVID-19 are weighing on production at some of these operations. Efforts to flatten the curve on the spread of coronavirus also disrupted several winter drill programs in Alaska,...
Millrock Resources Inc. and Resolution Minerals Ltd. Aug. 17 reported that drilling is now underway at the Echo target on the 64North gold project in Alaska's Goodpaster Mining District. The roughly 160,000-acre 64North gold project includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide. Under a deal cut with Millrock Resources Inc. last year, Resolution has the option to earn a 60% interest in this large gold p...
