The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 176 - 200 of 615
Osisko Metals Inc. May 22 reported the final batch of results from the 1,031 holes completed at Pine Point since the company began its initial drill campaign at the Northwest Territories zinc project early last year. 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. Osisko has identified four zones along this corridor – East Mill, Central and W...
Osisko Metals Inc. May 1 reported assay results for an additional 100 holes drilled into X-65, a resource area within the North Zone of the Pine Point zinc project about 42 kilometers (26 miles) east of Hay River, 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. Osisko has identified four zones along this corridor – East M...
Osisko Metals Inc. April 24 said the latest round of results from its extensive drill program at Pine Point show the potential for continuous high-grade zinc mineralization between historically mined pits on the property. The Pine Point property, located roughly 42 kilometers (26 miles) east of Hay River, is the site of a historical mine operated by Cominco (now Teck Resources) from 1964 to 1988. During that time, Cominco mined zinc-lead ore from a series of 50 surface and...
Like many single-industry towns, once the well dries up, people seek greener pastures. However, the residents of a place many probably have never even heard of hold on to the remnants of their past. For them, it was an important and irreplaceable land, it was their home. Pine Point, Northwest Territories, was a town located 10 kilometers (6 miles) inland from the south shore of Great Slave Lake and 87 kilometers (54 miles) east of Hay River. Cominco Ltd. (now Teck Resources...
Teck Resources Ltd. April 22 reported that extreme winter weather forced a closure of the Delong Mountain Transportation System road that connects the Red Dog Mine in Northwest Alaska to the concentrate storage facility at the port for an extended period during January and February. As a result, the concentrator at Red Dog was idled for 20 days due to limited concentrate storage capacity at the mine site. Due to the downtime, the mill at Red Dog processed 887,000 metric tons...
Osisko Metals Inc. April 4 reported results from an additional 34 drill holes drilled in the East Mill zone at the Pine Point zinc project in Northwest Territories. Located about 42 kilometers (26 miles) east of Hay River, Pine Point is the site of a historical mine operated by Cominco (now Teck Resources) from 1964 to 1988. During that time, Cominco mined zinc-lead ore from a series of 50 surface and underground deposits along a 60-kilometer (37 miles) trend. In all, Cominco...
Crystal Lake Mining Corp. April 1 announce the closing of a C$4.6 million financing, which will primarily be used to fund a 2019 drill program at the Newmont Lake gold-copper-silver property in northwestern British Columbia. Located about 30 kilometers (19 miles) northwest of Skeena Resources Ltd.'s Eskay Creek project and about the same distance southeast of Teck Resources Ltd. and Newmont Mining Corp.'s Galore Creek project, Newmont Lake is in an area known for deposits...
Those of you that attended the recent Cordilleran Roundup Convention in Vancouver can attest to the exuberant, upbeat atmosphere that pervaded the conference and was very much in evidence at the standing-room only festivities at our annual self-hosted Alaska Night meet and greet. But digging down under this veneer of optimism, many of the junior explorers and most of the producers admitted to their expectations of challenging times in 2019. Putting words to this apparent...
The Red Dog Mine has been a gamechanger for the more than 14,000 Iñupiat shareholders of NANA Corp., the Alaska Native Claims Settlement Act (ANCSA) regional corporation that owns the world-class Red Dog deposits in Northwest Alaska that are the source of around 5 percent of the world's new zinc supply each year. The revenues from shipping out more than 1 billion pounds of zinc annually, along with healthy portions of lead, silver and minor amounts of germanium, has served...
Solitario Zinc Corp. Feb. 19 announced that Teck American Inc., a subsidiary of Teck Resources Ltd., will manage a 2019 exploration program at Lik, a high-grade zinc project near 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 percent zinc, 2.7...
Teck Resources Ltd. Feb. 12 reported that the Red Dog zinc mine in Northwest Alaska produced 583,200 metric tons (1.29 billion pounds) of zinc during 2018, a roughly 8 percent increase over the 541.9 metric tons (1.19 billion lb) of the galvanizing metal produced in 2017. The operation also produced 98,400 metric tons (217 million lb) of lead last year, which is down about 12 percent from the previous year. During the fourth quarter, Red Dog produced 160,100 metric tons (353 m...
Osisko Metals Inc. Jan. 30 reported additional near surface zinc intercepts from the 2018 drill program at the company's Pine Point project in Northwest Territories. Located about 42 kilometers (26 miles) east of Hay River, Pine Point is the site of a historical mine operated by Cominco (now Teck Resources) from 1964 to 1988. During that time, Cominco mined zinc-lead ore from a series of 50 surface and underground deposits along a 60-kilometer (37 miles) trend. In all, Cominco...
Fireweed Zinc Ltd. Jan. 18 announced that Teck Resources Ltd. has put in a lead order to acquire shares during Fireweed's upcoming C$5 million private placement financing. Teck, which already holds a 4.7 percent interest in Fireweed, will up its holdings in the Yukon zinc explorer to around 9.9 percent. "Fireweed is delighted to see Teck grow their stake in the company to just shy of 10 percent," said Fireweed CEO Brandon Macdonald. "This is a strong vote of confidence in the...
Alaska boasts what many consider the most successful Aboriginal land claims settlement on Earth – a solution that has not only turned out to be a cultural success, but a brilliant business move for the more than 140,000 Alaska Natives and an economic boon for the state that covers the resource-rich lands these industrious and innovative peoples have called home for millennia. Signed into law by U.S. President Richard Nixon in 1971, the Alaska Native Claims Settlement Act, comm...
Fireweed Zinc Ltd. Jan. 2 provided a review of its accomplishments at Macmillan Pass during 2018, a year of resource and property expansion for the company's zinc-lead project in eastern Canada. Fireweed Zinc emerged on the mineral exploration scene in June of 2017 with the completion of a C$4 million initial public offering and an option to acquire Macmillan Pass, a property that covers 5,159 hectares (12,748 acres) of the zinc-rich Selwyn Basin. The most advanced targets on...
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...
Osisko Metals Inc. Dec. 6 reported its Pine Point project in Northwest Territories hosts 3.9 billion pounds of zinc and 1.6 billion lb of lead in 38.4 million metric tons of inferred resource averaging 4.58 percent zinc and 1.85 percent lead, or 6.58 percent zinc-equivalent. Located about 42 kilometers (26 miles) east of Hay River, Pine Point is the site of a historical mine operated by Cominco (now Teck Resources) from 1964 to 1988. During that time, Cominco mined zinc-lead...
As Alaska's mining industry nears the end of another hectic year during which metals prices and investor sentiments rose and fell as precipitously as the world's major stock exchanges, the industry is naturally looking into its crystal ball trying to anticipate what the new year will bring. EY Global Mining and Metals does this sort of forecasting by putting out an annual "risk radar" for mining and metals. The idea is to find out what the industry perceives as the top ten...
With more than 100 known tin occurrences, Alaska is considered the best place in America to establish a domestic source of this critical alloy metal that has defined human progress since the dawn of the Bronze Age. "Today, Alaskan tin deposits are known to be widespread, occurring from the central Alaska Range north to the Brooks Range and across Interior Alaska ... Southwest Alaska and the Seward Peninsula," according to the 1997 publication, Mineral Deposits of Alaska. And...
If you are reading this article on your computer, tablet or phone, you are almost certainly looking through indium as we speak; and, if that devise happens to be a touchscreen you have the unique properties of this critical mineral to thank as you scroll down to read more about indium and where it can be found in Alaska. This is because indium-tin oxide is used as a transparent conducting film applied to virtually every flat-panel display and touchscreen on the market. This...
While not the flashiest of the 35 minerals on the United States Geological Survey's critical list, barite plays an essential role in America's energy sector. Barite derives its name from barús, the Ancient Greek word for heavy, owing to an exceptionally high specific gravity for a non-metallic mineral. It is this weight that makes barite a key element to the oil and gas sector and lands the mineral on USGS' critical list. "More than 90 percent of the barite sold in the United...
Thanks to its own rich mineral endowment, Australia is a juggernaut in the world of mining, especially across the Southern Hemisphere. Over the past couple of years, however, a growing number of Aussie mining companies are looking north to Alaska, another minerals-rich land way north of the Equator. At least four Aussie juniors – White Rock Minerals Ltd., PolarX Ltd., Nova Minerals Ltd. and Riversgold Ltd. – and three Australia-based metals producers – South32 Ltd., North...
Thanks largely to increased investments from Aussie mining explorers, mineral exploration spending across Alaska topped US$100 million in 2018. This is well above the roughly US$95 million invested last year and nearly double the US$58 million spent at the bottom of the market in 2015. "Canadian and Australian companies continue to be the source for the bulk of funds spent in Alaska in 2018, together comprising well over 80 percent of the exploration expenditures earmarked...
Novagold Resources Inc. took several giant steps this year toward its ultimate goal – developing a world-class mine at its 50-percent-owned Donlin Gold project in Southwest Alaska. The 39 million ounces of gold in measured and indicated resource that average 2.24 grams per metric ton gold put this project in the realm of world-class by anyone's standards, even global gold miner Barrick Gold Corp., which owns the other half of Donlin. A major permitting milestone for Donlin was...
Teck Resources Ltd. is investing roughly US$110 million on mill upgrades at its Red Dog Mine that will help ensure strong zinc production from this Northwest Alaska zinc operation until at least 2031. This current life expectancy for Red Dog is based on 57.6 million metric tons of reserves averaging 13.6 percent (13.9 billion pounds) zinc and 3.9 percent (2.5 billion lb) lead. Aktigiruq, a large and high-grade zinc target roughly five miles northwest of the current...
