The mining newspaper for Alaska and Canada's North
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Over the last month the Alaska mineral industry continued to report results from 2006 exploration programs including new acquisitions of projects that have been on the back shelf for over 25 years. The industry watched as the American political scene was drastically changed at both the federal and state levels. And despite the fact that the end of the year is nearing, there is no end in sight yet for a number of exploration and development projects while at the same time contracts for work in 2007 already are being inked. If...
Hang on to your hat, the data is beginning to roll in from Alaskan field programs and there are some hum dingers in this month's data and several others will be showing up next month. What's a "hum dinger"? How about an Alaska gold project at the center of a $1.5 billion corporate takeover by the world's largest gold producer? Or how about 75 feet grading more than 2 ounces of gold per ton? Or maybe silver production costs of a negative $2.28 per ounce? But wait, there's more...
The last month has seen the 2006 summer season's first offering of new discoveries, new drilling results and new companies in Alaska. While a number of programs were delayed due to an unseasonably cold spring (bring on the global warming!), most programs have moved to Plan B, C or D and are now fully engaged under the midnight sun. Western Alaska Triex Minerals and Full Metal Minerals reported their planned diamond drilling program has begun on the Boulder Creek uranium project on the Seward Peninsula. The $1.1 million progra...
The game is afoot! The last month has seen the start of a number of field programs in Alaska, marking the beginning of the traditional "field season" in the Great Land. With demand for metals remaining extraordinarily high, Alaska's mining industry is operating at capacity but well below demand. An acute shortage of drills and drillers, geologists and engineers and helicopters to move them all around is affecting exploration, development and production plans around the state. For the first time in my career, money is not in...
Over the course of the last several months, a series of new gold and base metal discoveries have been made. Several of these new discoveries were reported in the last month and highlights of these and other activities were presented at the annual Alaska Miners Association convention in Anchorage in early November. The convention was one of the most exciting and up-beat events in nearly a decade. The new discoveries are a trend that, while long in coming, are an inevitable...
I have had numerous people ask me the same question over and over again for the last month - "What's going on in Alaska; everyone is so quiet?" My response has been and remains the same - everyone is too busy breaking rocks, drilling holes or crushing ore to be bothered with new releases and grandiose public announcements. After all, it is high summer in the high north, a time of seasonal frenetic activity that makes the lot of us look and feel like a mouse in a habitat wheel! Despite the fact that a dozen or so companies... Full story
In case you hadn't noticed, one of the busiest but quietest Augusts in the last 10 years just slipped into the pages of history. Mineral exploration, development and production maintained a low profile in just about every region of the state during August. Drills continued to turn and samples continued to stream in from programs searching for gold, silver, copper, lead, zinc, nickel, platinum and palladium. The hot spots continued to be the Iliamna District, the Goodpaster...
Hunting hard in remote elephant country, NovaGold Resources can claim a lion's share of kills. Now the aggressive junior has to prove whether it's found any trophies that will make the company a metals producer. NovaGold announced March 26 an agreement with Kennecott Exploration and Kennecott Arctic to acquire a 51 percent interest in the Ambler gold, silver, copper and base metals property in remote northwestern Alaska. Previous exploration on Arctic, the most advanced target on the Ambler property, identified an inferred... Full story
Despite the drop in gold prices since a month ago, exploration activities in Alaska are picking up. Two drill programs have already kicked off in Interior Alaska and more are likely to be completed before the end of March. Contracts for drilling rigs, helicopters and experienced geologists are being finalized at a rate not seen here in half a decade. In addition, Alaska's new political administration is aggressively encouraging infrastructure development and making regulatory...
As the first snows of winter begin to fall around the state, more assay results are coming in and plans for next year are being formed. Metals prices continue to rise or hold steady and budgets for next year appear to be growing as a result. Several exploration projects remain in progress and are not likely to be completed before the end of October. By then we will have a good idea of how 2002 stacks up against previous year's exploration, development and production... Full story
The Bureau of Labor Statistics indicates that mining is one of the nation's safest occupations with a lower rate of illness and injury per 100 employees, 4.7, than manufacturing, 9, and construction, 8.3, and grocery stores, 8, hotels, 6.9, and retail sales, 5.9 As is usually the case, the Alaska summer season reached its peak in activity in August. As is always the case, some properties show promise of turning into Alaska's next operating mine while others have their names quietly scribed on the scroll of the dead. Several...
Spring is in everyone's step in the Alaska mining industry even if spring is not quite yet in the air here in Alaska. Buoyant spirits are related to surprisingly buoyant metals prices and positive economic news from the U.S. economy. Plans for 2002 are in progress and fieldwork on some projects already is under way. Exploration activities for gold in 2002 appear to be on the rise compared to 2001 as is exploration for base metals. The professional begging (money raising) season is in full swing for junior and intermediate siz... Full story