The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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NG: TSX / NG: NYSE-MKT Chairman: Thomas Kaplan President and CEO: Gregory Lang Senior Vice President and COO: Gil Leathley Rick Van Nieuwenhuyse, founder of NovaGold Resources Inc., handed the company's top executive office over to Greg Lang, who assumed the role of president and CEO in early January. This shift in leadership marks the final stages of NovaGold's transition from a premier Alaska and Northwest Canada exploration company to a mine developer focused on advancing its 50 percent interest in the 40-million-ounce...
TAU: TSX-V Executive Chairman: Rick Van Nieuwenhuyse CEO and Executive Vice Chairman: Raj Chowdhry Vice President, Exploration: Jerry Zieg Tintina Resources Inc. emerged on the Alaska mining scene in 2009 when NovaGold Resources Inc. rolled 397,680 acres of its early-stage Alaska exploration properties into the Vancouver B.C.-based junior. Tapping NovaGold's exploration expertise, Tintina appointed Rick Van Nieuwenhuyse as executive chairman of its board of directors and recruited geologist Jerry Zieg to become the junior's...
As the first cooler days and termination dust start appearing across Alaska, seasonal exploration activities are winding down and operating mines are preparing for another winter. To be sure, less money was spent on fewer projects by the mineral industry exploring and developing Alaska's mineral resources in 2012 versus 2011. More advanced-stage projects that added ounces or pounds to their resource base had a better go of it than early-stage exploration projects which have...
Don Ewigleben and Tom Irwin - two figures that played key roles in the development of Kinross Gold Corp.'s Fort Knox Mine - are once again united to develop a world-class gold deposit in Interior Alaska. Filling a void created by the sudden departure of James Komadina in May, International Tower Hill Mines Ltd. appointed Chairman Ewigleben president and CEO of the company looking to develop the 20-million-ounce Livengood gold project. Ewigleben, a lawyer who spent 35 years...
Andover Mining Corp. is hoping to shed some light on the true potential of its Sun volcanogenic massive sulfide project in Northwest Alaska. To accomplish this, the Vancouver B.C.-based junior has put together US$3.5-million program aimed at expanding the copper-silver-lead-zinc-gold mineralization at the historical Sun deposit and testing new prospects across an expanded land-package in the Ambler Mining District. "We designed our program this year to enable us to come out wi...
Over a year ago, Natural Resource Holdings published a report entitled "How Rare are One Million Ounce Gold Deposits?" At that time, the publisher ranked 296 gold deposits that have more than 1 million ounces of gold in all resources categories. The same firm recently published a follow-up report titled, "Global Gold Mines & Deposits 2012 Ranking." The report ranks gold deposits above 1 million ounces, whose numbers have increased to 439 deposits with total resources of...
Having poured 2 million ounces of gold July 31, the Pogo Mine appears to be living up to its new mantra, "mining done right." Pogo General Manager Chris Kennedy is quick to attribute the continuing success at Alaska's most prolific gold mine to the efforts of the more than 330 employees and 150 contractors that work there. "Milestones like this are only achieved when safety and environmental performance remain at the forefront of everyone's minds. No ounce of gold is worth...
In a long overdue step to bring Alaska into the 21st Century, state and federal agencies met in late June to discuss collaborative funding strategies for Alaska's Statewide Digital Mapping Initiative, an enterprise designed to create Alaska's first high-quality digital topographic map. The roundtable was convened by Alaska Lt. Gov. Mead Treadwell and the Assistant Secretary for Water and Science, U.S. Department of Interior. Alaska remains the only state in the United States...
As the scope and tenor of a long-predicted shortfall in zinc supply begins to take shape, proponents of advanced mine projects in northern Canada with substantial deposits of zinc, along with lead, copper and/or other metals, are busy refining development strategies aimed at achieving production by the end of the decade. Near the front of the line are Tamerlane Ventures Inc., which is advancing the Pine Point Project in Northwest Territories, and Selwyn-Chihong Mining Ltd., which is working to develop the giant Selwyn...
Driven Capital Corp. recently launched a maiden 1,500-meter drill program to investigate the extent of high-grade gold-copper-silver rocks that pepper the surface of the White River property tucked in the southwestern corner of the Yukon Territory. Situated about 30 kilometers (19 miles) east of the Alaska border and a mere 10 kilometers (six miles) north of the Alaska Highway, White River is a grassroots discovery made by Tarsis Resources Ltd. in 2010. "You just get a tingle...
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...
Although spring took its good old time in arriving across much of Alaska, the mining industry's busy summer exploration and development season has arrived. Five of Alaska's major mines reported strong first-quarter operating results, and two new companies acquired exploration properties in Alaska in the last month. These new acquisitions are not expected to be the last, as the prolonged venture capital drought continues with no end in sight. The news this month is sparse, prim...
The winds of change are once again blowing across Alaska's mineral industry, not only because the industry is gearing up for another busy summer season, but also because the mining investment climate has turned from cautiously optimistic to decidedly undecided. The sea change occurred steadily and without a lot of fanfare between mid-January and mid-March. As is always the case, good projects continue to advance with those that are drilling and adding resources or moving throu...
Worries about the ongoing sovereign debt crisis in Europe, uncertainty about where the U.S. economy is headed and a slowing of growth in China is prompting miners to favor gold over industrial and luxury minerals such as nickel and diamonds. Some 62 percent of mining executives from 802 global mineral exploration and development companies said they expect gold prices to increase by at least 20 percent over the next two years when responding to questions about future...
There are some new statistics just out from the Alaska Miners Association that I thought you might like to see. For 2011, the Alaska mining industry accounted for 4,500 direct jobs and 9,000 indirect jobs. The industry paid US$620 million in payroll with the average salary totaling US$100,000 per year, which is double the statewide average for all sectors. The industry paid US$148 million in rents, royalties, taxes and other fees to the State of Alaska (up 170 percent over...
VANCOUVER, B.C. - To commemorate 100 years of advocating for mineral exploration and mining in British Columbia and around the world, the Association for Mining Exploration British Columbia's 2012 Mineral Exploration Roundup, held Jan. 23-26 in Vancouver, B.C., chose as its theme, "Celebrating our First Century of Global Discovery." "A century ago, a group of B.C.'s mining professionals gathered a few blocks from here, in what was then the council chambers of Vancouver City Ha...
British Columbia, Yukon Territory and Alaska - the headliners of the Association for Mining Exploration British Columbia's annual Mineral Exploration Roundup - tallied more than C$1 billion of mineral exploration spending and some C$12.7 billion in mine production in 2011. "We are going to talk in the next three sessions about the wrinkly parts of western North America - B.C., Yukon and Alaska. The geological phenomena that has created these mountain chains that we have in...
International Tower Hill Mines Ltd. has pushed back the publication of a prefeasibility study for its Livengood gold project to sometime later this year. While the PFS has been delayed by about six months, the company says it is still on track to begin recovering gold from the Interior Alaska project in 2018 maybe earlier. Tower Hill said that while the bulk of engineering studies have been completed, a review of the preliminary economic assessment revealed some areas of...
I was tempted to make a few 2012 predictions now that 2011 is nearly gone, but I decided not to when I came across the following lines and was struck by how closely they mimic our current mining climate: "On a more local level, several old Alaska properties have been rejuvenated by new players to the Alaska mineral scene. Reserve announcements have touched off renewed land acquisitions and property negotiations. Contracts for technical personnel, drill rigs, helicopters and...
NovaGold Resource Inc. has made tectonic shifts in its leadership and corporate structure. Shedding all of its assets except for the Donlin Gold project in Southwest Alaska, the restructured company is singularly focused on bringing this 40-million-ounce gold deposit into production by the end of the decade. Rick Van Nieuwenhuyse - who founded NovaGold and guided the exploration company through 15 years of trials and triumphs - is relinquishing NovaGold's top executive office...
As a busy year in the Alaska and global mining industry starts to slide closer to its end, I figured now was a good time to gaze into my crystal ball (rutilated quartz, of course) to see what next year might bring. While strong metals prices promise another busy year for Alaska, a dose of global reality was provided by the financial giant Ernst & Young, who recently published a list of the top 10 business risks for the mining and metals industry for the coming year. Resource n...
For Yukon geologist Jean Pautler, the busy 2011 field season also may end up being one for her personal record book. "I was lucky to spend a week in one place," she told Mining News in a recent interview. Pautler, a geological consultant through her company, JP Exploration Services, has spent more than 30 years tramping through the Canadian bush in search of mineral deposits. A sprite of a woman with a cheerful smile, Pautler works alone, except for her German Shepherd mutt, Shadow, who accompanies her into the field....
While geological and engineering savvy have always been important components of advancing a promising prospect into viable operation, building a modern mine also requires a working knowledge of the complex social, biological and economic systems surrounding a project. "There is only one entity in Alaska that has any depth in all the broad technical areas that span mineral resource extraction - the University of Alaska," said Rajive Ganguli, chairman of the Department of Mining...
The implementation of Alaska's anti-degradation policy is an emerging battlefield in the ongoing conflict between environmental groups seeking maximum protection for waterways in the state and resource development companies hoping to prevent added layers of red tape and too stringent water quality guidelines. While strict water quality standards have been established on state and federal levels, many streams, rivers and lakes in Alaska have naturally occurring waters that...
Is the "Yukon Gold Rush" about to spill into Alaska? Since the 1896 discovery of gold on the aptly named Bonanza Creek sparked a stampede of fortune seekers to the rivers and streams of the Klondike, these world-class mining jurisdictions that share a common geological and mineralization history have been engaged in a cross-border rivalry of drawing prospectors and miners to their mineral-rich deposits. While 19th Century miners seeking their fortunes in Alaska's Fortymile...
