The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 151 - 175 of 615
Skeena Resources Ltd. Jan. 4 announced that it is selling two British Columbia exploration properties for C$8 million for exploration, which will provide funds for ongoing exploration at its Eskay Creek gold-silver project. Most of these funds will come from the sale of the GJ copper-gold-silver property in northern British Columbia to Newcrest Mining Lt. for C$7.5 million cash. In 2015, Skeena cut a deal to buy full ownership of the GJ from Teck Resources Ltd. and NGEx...
Solitario Zinc Corp. Jan. 27 said it is excited about the preliminary results from Teck Resources Ltd.'s 2019 exploration at Lik, a high-grade zinc project about six miles (10 kilometers) west of the Red Dog Mine in Northwest Alaska. Solitario acquired a 50 percent interest in Lik through the buyout of Zazu Metals Corp. in 2017. Teck owns the other half of the joint venture property. Prior to Solitario's purchase, 17.3 million metric tons of indicated resource averaging 8.1...
North of 60 Mining News is proud to introduce 20 questions for 2020. Over the course of this series, Mining News will interview mining and political leaders from Alaska, British Columbia, Northwest Territories, Nunavut and Yukon. Each interview will include 20 questions on mining, markets and doing business across Alaska and Canada's North. For the inaugural 20 questions for 2020, Mining News talks with Contango ORE Inc. CEO Rick Van Nieuwenhuyse, a longtime mining executive...
Nova Minerals Ltd. Dec. 9 announced that it has defined targets for a roughly 25,000-meter resource expansion and exploration drill program at its Estelle gold project in Alaska. Located about 100 miles northwest of Anchorage, Alaska's largest city, Estelle hosts 181.3 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 0.43 grams per metric ton (2.5 million ounces) gold. This resource, which the Australia-based...
Osisko Metals Inc. Nov. 13 reported that its Pine Point project in Northwest Territories now hosts 5.3 billion pounds of zinc and 2.1 billion lb of lead, a roughly 36 percent increase since a resource was calculated at the end of 2018. According to this new calculation, Pine Point hosts 52.4 million metric tons of inferred resource grading 4.64 percent zinc and 1.83 percent lead, which equates to 6.47 percent zinc-equivalent. This includes 47.9 million metric tons of surface...
Another slumbering zinc giant is being awakened in Canada's far north. The MacMillan Pass project, a venture targeting an extensive package of mining claims assembled recently by junior mining company Fireweed Zinc Ltd., hosts the large, advanced Tom and Jason zinc-lead-silver deposits and other occurrences of these minerals in southeastern Yukon Territory. Established in 2015, Fireweed was organized specifically to investigate the potential of the MacMillan Pass area, where...
Osisko Metals Inc. Oct. 21 announced the results of the first 26 holes from the company's fall drill program at the Pine Point zinc project in Northwest Territories. Cominco Ltd. (now Teck Resources) mined zinc-lead ore from a series of 50 surface and underground deposits along a 60-kilometer (37 miles) corridor at Pine Point from 1964 to 1988. Over the past couple of years, Osisko drilled 1,031 holes in and around historical resource areas along two parallel trends at Pine...
Nova Minerals Ltd. Sept. 30 said it is gearing up for a planned 25,000-meter drill program at its Estelle gold property in Alaska. The Australia-based explorer, which submitted applications for the permits needed to carry out the exploration and establish a permanent camp at Estelle, plans to have drills turning on the gold property in January. "We are currently in planning and permitting stage on the Estelle gold project and will be drilling as soon as permits are in," said...
Nova Minerals Ltd. Sept. 17 announced that re-assaying of core from previous drilling has confirmed another potential gold deposit on its Estelle property in Alaska. Last week, the Australia-based explorer announced a maiden inferred resource of 181.3 million metric tons averaging 0.43 g/t (2.5 million oz) gold for the Oxide Korbel deposit at the north end of Estelle. Now, the company reports promising results from RPM, a target at the southern end of the roughly 18-mile-long...
Crystal Lake Mining Corp. Sept. 18 announced results from a hole that cut shallow high-grade gold mineralization at the NW Zone on the company's Newmont Lake property in British Columbia's Golden Triangle. Situated about 30 kilometers (19 miles) northwest of Skeena Resources' Eskay Creek project and about the same distance southeast of Teck Resources and Newmont Goldcorp's Galore Creek project, Newmont Lake is in an area known for copper and gold deposits. NW Zone, which is...
Crystal Lake Mining Corp. Sept. 4 reported rich copper mineralization in core and from outcrop freshly exposed from the rapid retreat of snow and ice on its Newmont Lake project in British Columbia's Golden Triangle. Situated about 30 kilometers (19 miles) northwest of Skeena Resources' Eskay Creek project and about the same distance southeast of Teck Resources and Newmont Goldcorp's Galore Creek project, Newmont Lake is in an area known for copper and gold deposits. NW Zone,...
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...
Osisko Metals Inc. Aug. 27 announced the start of a 5,000-meter fall drill program targeting expansion areas at its Pine Point zinc-lead project in the Northwest Territories. Cominco Ltd. (now Teck Resources) mined zinc-lead ore from a series of 50 surface and underground deposits along a 60-kilometer (37 miles) corridor at Pine Point from 1964 to 1988. Over the past couple of years, Osisko drilled 1,031 holes in and around historical resource areas along two parallel trends...
With the completion of Ross River Dena Council's independent environmental assessment review of Kudz Ze Kayah (KZK), BMC Minerals Ltd. crosses a major milestone along its path to developing a zinc-silver mine at this project in southeastern Yukon. BMC Minerals, a Canadian subsidiary of England-based mine developer BMC Ltd., acquired KZK from Teck Resources Ltd. in 2015. The ABM deposit at KZK is a zinc-dominant volcanogenic massive sulfide (VMS) deposit with significant...
ZincX Resources Corp. June 19 announced the start of a 2,500-meter drill program at its Akie zinc project in northern British Columbia. Focused on the central high-grade core of the Cardiac Creek deposit, this drilling is targeting the initial five years of future mine production identified in a preliminary economic assessment completed in 2018. The PEA contemplates a 4,000-metric ton underground mine at Cardiac Creek providing ore for a 3,000-metric-ton-per-day mill that is...
Crystal Lake Mining Corp. June 12 said a large copper-gold porphyry target area with high-grade gold potential, known as Chachi Corridor, has been outlined on the eastern side of its Newmont Lake project in the heart of British Columbia's Golden Triangle. Located about 30 kilometers (19 miles) northwest of Skeena Resources Eskay Creek project and about the same distance southeast of Teck Resources and Newmont Goldcorp' Galore Creek project, Newmont Lake is in an area known for...
StrikePoint Gold Inc. June 13 announced the formation of a technical advisory committee to assist and provide technical guidance to the management team regarding all aspects of exploration and development of StrikePoint properties. StrikePoint's portfolio includes two gold and silver exploration properties in British Columbia's Golden Triangle – Porter and Willoughby – three in the Yukon – Pluto, Mahtin and Golden Oly – and several other earlier staged properties. Rob McLeod...
In the famous words of Sherlock Holmes, the game is afoot! After seasonally slower news from Alaska's mining industry in March and April, the dam has broken with over two dozen Alaska mining project news releases issued in the last month. Including those projects moving forward that have not released their 2019 plans, Alaska has become a very busy place under the sun. All of our major metal mines reported strong performances in the first quarter, several of Alaska's most...
When it comes to mineral exploration incentives, currency exchange and infrastructure, Alaska is at a disadvantage in the realm of attracting exploration investments from Canada and Australia, countries that are home to the majority of mining companies. The Far North State's vast and underexplored mineral potential, however, trumps these handicaps in the minds of a growing number of miners and mineral explorers. Mining executives from around the globe perennially rank Alaska...
Whether it be precious metals such as gold and silver, base metals like copper and zinc, or battery metals like nickel and cobalt, northern British Columbia is rich in the type of metal deposits that junior mining companies are hoping to discover and majors are wanting to mine. Couple this mineral endowment with good infrastructure – especially stacked up against the other jurisdictions in the North of 60 Mining News coverage area – and northern B.C. continues to draw str...
The two mega-mergers that hit the gold mining sector early in 2019 – Barrick Gold Corp. combining with Randgold Resources Ltd. and Newmont Mining Corp. acquiring Goldcorp Inc. – is forever changing the gold mining landscape around the world. While the two largest gold mining companies Newmont Goldcorp (No. 1) and Barrick (No. 2) are still in the process of shedding assets following the mega-mergers, it seems that Newmont Goldcorp will emerge with a much stronger foothold in...
With a vision to become a leading base metals mining company, Osisko Metals Inc. is rapidly adding to the stores of zinc at its Pine Point project about 42 kilometers (26 miles) east of Hay River, Northwest Territories. Cominco (now Teck Resources) produced an estimated 14 billion pounds of zinc and 4 billion lb of lead from around 64 million metric tons of ore averaging about 10 percent zinc-lead from a mine operated at Pine Point from 1964 to 1988. The near-surface ore was...
Crystal Lake Mining Corp. is finding plentiful copper, gold and silver mineralization emerging from the rapidly retreating glaciers on its Newmont Lake project in British Columbia's Golden Triangle. Situated about 30 kilometers (19 miles) northwest of Skeena Resources' Eskay Creek project and about the same distance southeast of Teck Resources and Newmont Goldcorp's Galore Creek project, Newmont Lake is in an area renowned for world-class deposits rich in copper and gold. NW...
Teck Resources Ltd.'s northern exploration had two major focal points – ensuring the Red Dog District in Northwest Alaska continues as a significant source of global zinc supply well into the 21st century and a rekindled interest in advancing the Galore Creek copper-gold-silver project in British Columbia's Golden Triangle closer to production. The renewed and increased activities at Galore Creek follows Newmont Mining's 2018 acquisition of Novagold Resources Inc.'s 50 p...
In addition to being a past producer and a future source of most of the 35 minerals and metals considered critical to the United States, Alaska currently contributes a globally significant amount of one of these vital metals – germanium. While not a widely known metal, germanium has optical qualities that make it an important ingredient in fiber-optics, infrared optics, electronics and solar energy systems. "The extensive use of germanium for military and commercial a...
