The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Freegold Ventures Ltd. Jan. 19 announced that South32 Ltd. has agreed to fund at least US$2 million of exploration at the Shorty Creek porphyry copper project in Interior Alaska this year. Early last year, South32 entered into an option agreement with Freegold to acquire 70% interest in Shorty Creek for US$30 million, less any money the Australia-based major invested in exploring the promising copper-gold-silver-tungsten targets that have been identified across the property. T...
Freegold Ventures Ltd. Jan. 16 announced results from the late-season 2019 drill program at Shorty Creek, a porphyry gold-copper project about 75 miles northwest of Fairbanks. The five-hole (1,542 meters) program was funded by a wholly owned subsidiary of South32 Ltd., which entered into an option agreement with Freegold Ventures to acquire 70 percent interest in Shorty Creek for US$30 million, less any money the Australia-based major invests in exploring the promising...
With two Australian companies making major investments and several exploration companies from Down Under chomping at the bit to get into the field, 2020 is shaping up to be the best year for Alaska's mining sector in a decade. When you add up the investments South32 Ltd. plans to make in the Ambler Mining District and other exploration projects; Northern Star Resources Ltd.'s spending at the Pogo gold mine; and the exploration dollars at least five other Aussie companies are... Full story
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... Full story
