The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 22 of 22
Tectonic Metals Inc. Sept. 7 reported assays as high as 50.5 grams per metric ton gold from rock samples collected from the Jorts prospect at Tibbs South, a property immediately south of Tibbs being leased from Doyon Ltd. The mineralization in the rocks collected from South Tibbs appears to be veining associated with an intrusion-related gold system that strongly resembles the high-grade component of mineralization at Kinross Gold Corp.'s Fort Knox gold mine. Located in the Go...
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...
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...
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...
Following the pouring of the 4 millionth ounce of gold at the Pogo Mine, Northern Star Resources Ltd. Executive Chairman Bill Beament sat down with Mining News to talk about what this milestone means for the Interior Alaska gold mine; the Australia-based mining company's progress since acquiring Pogo; keys to Northern Star's success; and the vast mineral potential at Pogo and across Alaska. Q. Over the past decade, Northern Star Resources Ltd. has grown from a single-asset...
As the rest of the country suffers through the Dog Days of summer, Alaska is approaching the end of a topsy-turvy summer season that saw unseasonably hot, dry weather in some parts of the state during some parts of the summer, while other parts of the state have seen record rainfall and unseasonably early snowfall. Gold prices have skyrocketed over the $1,500 per ounce mark and silver prices have moved strongly up, now trading at a one-year high. However, copper and zinc are a...
Thanks to improving gold output and lower costs at its Pogo gold mine in Alaska, Northern Star Resources Ltd. sold 232,042 ounces of gold during the final quarter of its fiscal year 2019, a record for the Australian gold miner. During the three months ending June 30, Northern Star sold 48,009 oz of gold produced at Pogo, which is a 33 percent increase over the previous quarter. The Perth-based miner expects gold output at Pogo to continue its upward trend. "Pogo is on track...
With at least five companies investing heavily in securing ground, acquiring royalties and drilling at and around the Pogo Mine, Goodpaster Mining District has emerged as the hottest destination for gold exploration in Alaska during 2019. The US$30 million to US$40 million Australia-based Northern Star Resources Ltd. is investing in exploration at its newly acquired Pogo Mine alone would be enough to make Goodpaster the most explored district in Alaska this year. "We've got 12...
The Goodpaster Mining District in Interior Alaska adds credence to the sourdough mining adage "gold is where you find it." Unlike the 8.3 million ounces of placer gold recovered from the Fairbanks Mining District to the west, 1.2 million oz from the Circle Mining District to the northwest or 20 million oz from Yukon's Klondike District to the east, the Goodpaster Mining District has thrown off a paltry 2,050 oz of placer aurum. Yet, Northern Star Resources Ltd.'s Pogo Mine in...
Since its founding in 2010, Northern Star Resources Ltd. has built a multi-billion-dollar mining company by breathing new life into aging underground gold mines in Australia. Now, the Perth-based company is applying the same strategy that has proven so successful at home to its newly acquired Pogo gold mine in Interior Alaska. This strategy includes making large investments into the exploration, underground mine development and equipment needed to turn Pogo into a tier-one ass...
Great American Minerals Exploration Inc. is investing roughly US$10 million on exploration this year at its 55,465-acre SAM gold project about 45 miles west of the Pogo Mine. Having staked its first claims in at the SAM project area in 1999, GAME, as the privately held exploration company is commonly known, is no stranger to this emerging gold-rich stretch of the Tintina Gold Belt between the Pogo and Fort Knox mines. GAME's previous land position, however, covered only a...
A group of diverse global-scale mining companies hailing from Australia, Japan, and the United States are quietly exploring a relatively small region of Alaska's Interior. Two of these international players - Sumitomo Metal Mining and Newmont Mining Corp. - are seeking gold in the Pogo region of the Tintina Gold Belt. Melbourne-based MMG Ltd., on the other hand, is seeking nickel in the Wrangellia Terrane, a promising band of rocks immediately south of the legendary gold...
As gold exploration cools globally, the search for the precious metal is once again heating up in the larger Pogo Mine region of Interior Alaska. One of the reasons this region continues to be a hotbed of gold exploration is Sumitomo Metal Mining Pogo LLC’s success in finding and expanding new deposits of high-grade gold on its Pogo Mine property, which anchors the Goodpaster Mining District. Another dozen promising prospects found beyond the borders of the Pogo Mine claims a...
Mineral exploration spending in Alaska hit an apex of US$365 million in 2011, but as venture capital for mining explorers dried these expenditures plummeted 78 percent to US$80 million in 2015. However, rising gold prices and a loosening of venture capital in 2016 seems to have marked an end to a painfully long bear market for mining explorers in Alaska. “After taking head shots for the past four years, the industry suddenly came to life over the past month, with new budgets,...
The owners of Alaska’s five large metal mines – Sumitomo Metal Mining Pogo, Hecla Mining Company, Kinross Gold Corp, Teck Resources Ltd. and Coeur Mining Inc. – accounted for nearly half the US$92 million of exploration spending in the state during 2014 and similar investments by these companies is providing solid footing for the Far North state’s mineral exploration sector this year. Avalon Development President Curt Freeman said he is seeing more mining majors shopping for d...
Mineral exploration spending in Alaska will likely struggle to top US$80 million for 2014, a dramatic fall from the US$365.1 million pinnacle reached in 2011. "The din of mineral industry activity that is normally a part of the summer months in Alaska is decidedly muted this year as the global mining industry attempts to lift itself off the bottom of a plus-18-month-long slump," Avalon Development President Curt Freeman opined in a June column written for Mining News. Unlike 2...
Sumitomo Metal Mining (95 percent), Sumitomo Corp. (5 percent) Stone Boy Inc., owned by subsidiaries of Sumitomo Metal Mining (95 percent) and Sumitomo Corp. (5 percent), continues to seek high-grade gold on claims in the area of the Pogo gold mine in Interior Alaska. The Stone Boy partners have been exploring the larger Pogo district since 1991. This includes recent drilling on the Monte Cristo property, located roughly 40 miles (65 kilometers) west of Sumitomo Metal Mining's Pogo gold mine, and the Ink claims, situated a...
Millrock Resources Inc.'s skillful execution of the project generator model is allowing it to flourish in an equity market that has not been kind to junior exploration companies. Capitalizing on its exploration expertise and first-hand geological knowledge of Alaska and southeastern Arizona, Millrock pulled together some C$11 million for exploration in 2012. Some 93 percent of this spending was funded by global miners Teck Resources Ltd., Kinross Gold Corp., Vale S.A. and Inme...
While most juniors are cinching their belts and scaling back programs, Millrock Resources Inc. has C$7.5 million of exploration slated for its array of gold and copper-gold properties in Alaska in 2012, not to mention a healthy C$4.5 million budget for its copper-gold prospects in Arizona. Millrock President and CEO Greg Beischer said the scarcity of venture capital available to the junior exploration sector was palpable at the Cambridge House World Resource Investment...
Millrock Resources Inc. is artfully implementing the science of making grassroots gold and copper discoveries, proving the promise of these new finds and vending the prospects to other companies to do the heavy lifting of defining a deposit. This business model is paying off for the project generator. Some US$11 million is being spent on exploring its Alaska copper and gold prospects in 2011, with nearly US$10 million funded by its project partners. Senior miners Teck...
President: Nori Ushirone Pogo General Manager: Chris Kennedy Pogo Chief Geologist: Paul Jensen Looking beyond just replacing the more than 1,000 ounces of gold per day that it is recovering at its Pogo Mine, Sumitomo Metal Mining Pogo LLC - a partnership held 85 percent Sumitomo Metal Mining Co. Ltd. and 15 percent by Sumitomo Corp. - is seeking out other gold and silver deposits in Interior Alaska. This regional exploration was underscored by the gold-silver-antimony mineralization cut by the Japanese firms at their Stone...
Residents of Southwest Alaska - including a former state governor - expressed passionate opinions about the proposed Pebble open-pit mine at a conference in the village of Newhalen April 7-9, demonstrating that there will be a host of social issues to deal with even if mine developer Northern Dynasty can overcome the project's daunting environmental and economic hurdles. Local Natives are worried about the threat to their subsistence lifestyle, lodge owners and guides fear tourism could change and anti-mining NGOs are making...
