The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 11 of 11
Heliostar Metals Ltd. May 13 announced the start of a 7,000-meter drill program focused on expanding high-grade gold mineralization and testing new targets at its Unga project in Alaska. Covering roughly 93 square miles (240 square kilometers) of the Unga and Popof islands off the southern coast of the Alaska Peninsula, the Unga project hosts the historic Apollo and Sitka mines, which produced roughly 150,000 ounces of gold from high-grade epithermal veins from around 1886 to...
Redstar Gold Corp. Jan. 10 published a maiden industry-compliant resource for the SH-1 zone, formerly known as the Shumagin zone, on its Unga gold project on the Alaska Peninsula. The Unga project covers roughly 93 square miles (240 square kilometers) of two islands south of the Alaska Peninsula, Unga and Popof, that has long been known for its high-grade gold. The Apollo and adjacent Sitka mines, established on Unga Island in 1886, produced roughly 150,000 ounces of gold from...
Redstar Gold Corp. Jan. 13 reported that recently completed structural mapping on its Unga gold project on the Alaska Peninsula has identified several new priority drill targets along the Shumagin and Apollo-Sitka trends. The Unga project covers roughly 93 square miles (240 square kilometers) of two islands south of the Alaska Peninsula, Unga and Popof islands, that has long been known for its high-grade gold. The Apollo and adjacent Sitka mines, established on Unga Island in...
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,...
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...
Alaska's minerals exploration sector is on an upswing, thanks to Australian mining explorers looking north and mining majors upping their activities in the state. South32 Ltd., a Perth, Australia-based miner spun out of BHP Billiton Plc, is the largest mining company from Down Under to express an interest in Alaska's mineral potential this year. South32, which has eight operating mines in the Southern Hemisphere, secured an option to acquire a 50 percent interest in Trilogy...
If there is anyone still on the fence wondering if the minerals industry has started a recovery from the doldrums of the past four years, this month’s mineral industry activity in Alaska should settle the question with authority. During the past month, we have seen two merger/acquisitions occur, one by Solitario Exploration & Royalty Corp., which acquired Zazu Metals Corp. and its interest in the Lik lead-zinc-silver deposit. Then we also had Coventry Resources acquire V...
The Alaska mining industry continued its increased pace of activities in August, even as the first hint of autumn starts to be felt across the state. Metals prices were relatively stable with increasing demand for zinc and gold, the two metals that generate the most revenue from Alaska's operating mines. Wood Mackenzie is forecasting a 3 percent increase in global refined zinc demand in 2017 to 14.7 million metric tons. With refined zinc production limited to a 2 percent...
With a new management team in place, roughly C$2 million of cash in the bank and an improved understanding of its high-grade gold mineralization, Redstar Gold Corp. is preparing to launch an early 2015 drill program at its Unga project, found in the Aleutian Arc of Southwest Alaska. Unga - where Redstar's 2014 surface exploration program grabbed rock samples with grades of up to 401 grams per metric ton gold and 266 g/t silver - is a high-grade gold property that encompasses...
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...
The last month has seen a massive transition in Alaska from planning to execution, from getting ready to go to the field to boots on the outcrop and drills in the ground. Each year the hustle and bustle of the Alaska summer exploration season subsumes virtually everything else (except the Stanley Cup) as field programs launch around the state. This year has been no different with base metal programs in the Brooks Range, gold programs in Interior Alaska and the Seward...
