The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 126 - 150 of 220
In a move that provides the cash needed to advance a feasibility study for the Arctic project in Northwest Alaska, NovaCopper has agreed to purchase Sunward Resources Ltd., a Vancouver, B.C.-based mining exploration company with a copper-gold asset in Columbia and roughly US$20 million in the bank. Over the several weeks leading up to the April 23 announcement of the potential merger, the value of Sunward's stock has hovered at roughly US$13 million, substantially less than...
American billionaires John Paulson, Seth Klarman and Thomas Kaplan have taken a keen interest in Alaska's next generation of gold and copper mines. While it is natural for hedge fund managers such as Paulson and Klarman, and resource investors such as Kaplan, to hold mining stocks in their portfolios, this trio holds major positions in three of the top Alaska-focused mineral exploration and development companies. In fact, the companies founded and managed by these...
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...
Valued at US$4 billion per year, Alaska's mining industry is as healthy as it has ever been. Much of this success is owed to the Alaska Miners Association, which celebrated its 75th anniversary during its annual convention and trade show held in Anchorage Nov. 3-9. The anniversary event also highlighted many of the challenges the association and its constituents face going forward. Under the stewardship of AMA, Alaska boasts six large-scale operating mines churning out gold,...
ATC: TSX-V President: Robert Carne Chief Executive Officer: Graham Downs Chief Operating Officer: Ian Talbot Atac Resources Ltd. continues to build upon ongoing success at it Rackla Gold project in east-central Yukon Territory. The initial phase of the 2014 exploration program targeted recent Carlin-type gold discoveries at the Osiris and Anubis areas within the Nadaleen Trend, a 50-kilometer- (30 miles) long subset of the company's east-west extending land package that blankets an area more than 185 kilometers (114 miles)...
Mineral exploration activity is holding its own in Nunavut this year, despite a tough funding environment and stiff competition from other attractive mining jurisdictions around the world. Although the Far North territory has only one operating mine, Meadowbank, at least eight mineral projects are currently hurtling through development and the permitting process on their way to production. Of these, two projects - one gold and one iron - have project certificates, and six projects are progressing through the environmental...
WHITEHORSE, Yukon Territory - Quieter streets, emptier skies, shorter business hours and closed shops here are sure signs of tough times in the mining industry. Hours away by helicopter, one can find bare-bones exploration camps and skeleton staffs sprinkled like the occasional grain of visible gold across remote mountain vistas, which also reflect the return to the frugal times of the past. In the wake of more than two years of scarce capital, mineral exploration activity is a shadow of the booming times the territory...
Indicative of the state of mineral exploration in Alaska, and around the world, no drills are turning at NovaCopper's Upper Kobuk Mineral Projects in 2014. Instead, crews crated up 12,918 meters of core from historical drilling at the northern Alaska project and shipped it to Fairbanks where it can more economically be re-logged and readied for re-sampling. At an expected cost of around US$2.7 million, this relatively modest program follows two years of exploration...
A coalition of 38 companies and organizations, representing a broad spectrum of America's economy, is urging lawmakers on Capitol Hill to dust off pending critical minerals legislation and send a version to the White House for President Barack Obama's signature. "Updating our geologic data, reducing delays in permitting, bolstering research, and encouraging efficient use can pay dividends for future generations," explains the group pressing for critical minerals legislation....
All exploration in the Kitikmeot region of Nunavut in 2013 was carried out in search of gold and base metals. Mid-tier and major companies conducted most of the work, with mineral exploration and deposit appraisal expenditures totaling an estimated C$121 million in the northern territory's westernmost region. MMG Resources Inc. continued work at its Izok Corridor and Hood zinc-copper projects. The Izok Corridor project includes the High Lake and Izok Lake volcanogenic massive sulfide deposits. Exploration on the Izok Corridor...
Miranda Gold Corp. has tied up a 20-year lease on the Willow Creek project, a road-accessible, high-grade gold property located a short 75 miles (121 kilometers) north of Anchorage, Alaska. The 8,700-acre (3,520 hectares) property blankets a large portion of the Willow Creek mining district, including the historical Lucky Shot and War Baby mines. It is estimated that from 1918 until being shut down by the War Production Board in 1942, these two underground operations,...
The Alaska Miners Association's annual convention marks the changing of seasons for junior exploration companies with mineral projects in Alaska. As a blanket of snow hides outcropping rocks and the water needed for drilling crystalizes, geologists who have spent the long summer days investigating the vast mineral endowment across the Far North trade in their hammers, backpacks and hiking boots for suits, ties and PowerPoint presentations that show off the achievements of their latest field programs. While the 2013...
ATC: TSX-V President: Robert Carne Chief Executive Officer: Graham Downs Chief Operating Officer: Ian Talbot Atac Resources Ltd., a member of the Strategic Exploration Group, followed up in 2013 several past seasons of exploration success on the Rackla Gold project located in the Mayo Mining District of east-central Yukon Territory. The project encompasses more than 8,000 mineral claims and covers 1,700 square kilometers (about 656 square miles) in an east-west extending land package more than 185 kilometers (114 miles) long...
A US$22 million option and joint venture agreement forged with Dowa Metals & Mining Co., Ltd. earlier this year is providing Constantine Metal Resources Ltd. with the ability to resume the expansion of a high-grade volcanogenic massive sulfide deposit at its Palmer project in Southeast Alaska. In addition to a cash infusion during tight financial markets, Dowa brings 130 years of experience in the mining and smelting of VMS ores to its newly forged partnership at Palmer....
Following a rising chorus of junior companies touting impressive exploration programs on mineral prospects across Alaska that reached its crescendo in 2011, a deafening silence is resonating across the Far North expanse in 2013. And in the junior mining sector, no news is bad news. Mineral exploration expenditures in Alaska, which were a meager US$23.8 million in 2001, climbed to US$347 million by 2008. The "Great Recession of 2008" tightened the equity markets, resulting in...
Mineral consulting group Behre Dolbear Group Inc. released its 2013 "Ranking of Countries For Mining Investment Where Not to Invest." Since 1999 the group has compiled annual political risk assessments from key players in the global mining industry. Geology and mineral potential are not considered in this survey, since such potential is inherently indicated by the fact that mineral exploration, development, and mining activity are occurring in these countries. The only...
The 6.4 million ounces of low-cost silver recovered from the Greens Creek Mine in Southeast Alaska during 2012 is funding growth aspirations at Hecla Mining Co., including a foray into Canada's mining sector. "This past year, with the Lucky Friday down, Greens Creek generated strong silver production and cash flow to allow record capital investments that are expected to generate not only higher silver production in 2013, but expected organic growth well into the future," said...
Fortune Minerals Ltd. is advancing two mineral projects involving three different jurisdictions of Canada and doing much of it with the same timeframe. On the heels of development of its Nico gold-cobalt-bismuth-copper project in Northwest Territories, Fortune is also targeting commercial production at the Arctos Anthracite Project, formerly Mount Klappan Anthracite Coal Project, in Northwest British Columbia within the next four years. Management is shooting for the last half of 2015 and the first quarter of 2016 for...
FAIRBANKS - In contrast to the geology, geochemistry and geophysics that dominates discussions at most mining conventions, geopolitics grabbed the limelight at the 2012 Alaska Strategic and Critical Minerals Summit held in Fairbanks Nov. 30. "Countries that control a given element have a way to leverage businesses to come to those countries. They have a way of demanding there are technology transfers," American Elements President Michael Silver informed the more than 200...
Kivalliq Energy Corp. recently completed a successful uranium exploration season at its Angilak Property located 225 kilometers (140 miles) southwest of Baker Lake, Nunavut and reported plans to resume work on the project in 2013. "We had one of the largest uranium exploration programs on the globe in our peer group," said Kivalliq CEO James Paterson in a September update. "And our 2012 program came in on time and under our budget of C$20 million." Describing 2011 as a "bumpy ride" in the uranium sector, Paterson said...
A reporter recently asked Greg Johnson, the newly appointed president and CEO of Prophecy Platinum Corp., if he was committed enough to his new role as head honcho of the company's emerging Wellgreen Project in southwestern Yukon Territory to stick around for five years. Johnson, one of the original architects of NovaGold Resources Inc. which built the world-class Donlin gold deposit in Alaska from a few million ounces into a 30-million-ounce-plus resource, chuckled before he responded. "With the caliber of asset that we have...
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...
ATC: TSX-V President: Robert C. Carne, M.Sc., P.Geo. Chief Executive Officer: Graham N. Downs Chief Operating Officer: Ian J. Talbot Atac Resources Ltd., a member of the Strategic Exploration Group, concentrated again in 2012 on the Rackla Gold Project located in the Mayo Mining District of east-central Yukon Territory. The project encompasses more than 8,000 mineral claims and covers 1,600 square kilometers (about 618 square miles) in an east-west extending land package about 185 kilometers 114 miles) long by 15 kilometers...
While the frenzy of activity that engulfed the Yukon Territory in 2011 did not re-emerge this season, scores of players, from upstart juniors to global mining firms mounted impressive mineral exploration campaigns throughout the territory. Gold was the primary metal sought in the Yukon in 2012, but some explorers chased silver, copper, zinc-lead, iron and other minerals. Based on the spending plans of mining companies in March, Natural Resources Canada projected C$285 million planned spending across the Yukon, a decrease of...
CXO: TSX-V President and CEO: Adam Travis, B.Sc. Geology, Exploration Manager - B.C. & Yukon: Linda Dandy, P.Geo. Vice President, Exploration: Greg Dawson, MSc Chief Geoscientist: Jim Oliver, Ph.D., P.Geo In 2012 Colorado Resources said its primary focus for the foreseeable future will be on advancing the Hit Property and following up work on the Hearts Peak Property in northwestern British Columbia, extensively exploring the Oro and Selwyn properties in Yukon Territory and pursuing a joint venture with Kinross Gold Corp. on...
