The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 176 - 197 of 197
Trilogy Metals Inc. April 19 said recently completed metallurgical testing demonstrates that excellent metals recoveries and clean copper and zinc concentrates can be generated from the copper-lead-zinc-gold-silver ores at Arctic, a volcanogenic massive sulfide deposit at the Upper Kobuk Mineral Projects in Northwest Alaska. During 2016, Trilogy completed four holes targeting mineralized material that is planned to be mined during the first seven years of production at...
Trilogy Metals Inc. April 25 reported that the Arctic deposit at its Upper Kobuk Mineral Projects in Northwest Alaska now contains 2.4 billion pounds of copper and 3.4 billion lb of zinc in the indicated resource category, a roughly 40 percent increase for both metals. At a 0.5 percent copper-equivalent cut-off grade, the Arctic deposit is estimated to contain in-pit 36 million metric tons of in-pit indicated resources averaging 3.07 percent (2.4 billion lb) copper, 4.23 percent (3.4 billion lb) zinc, 0.73 percent (581...
Trilogy Metals Inc. Oct. 27 provided an update from its 2016 summer field program at the Upper Kobuk Mineral Projects in the Ambler mining district of Northwest Alaska. "We are pleased to announce another highly successful and safe field season at our high grade Arctic deposit. We had zero loss time incidents, no environmental incidents and maintained a high percentage of local NANA shareholder hire," said Trilogy President and CEO Rick Van Nieuwenhuyse. NANA is the Alaska Native regional corporation in Northwest Alaska and...
Mineral exploration spending in Alaska hit an apex of US$365 million in 2011, but as venture capital for mining explorers dried these expenditures plummeted 78 percent to US$80 million in 2015. However, rising gold prices and a loosening of venture capital in 2016 seems to have marked an end to a painfully long bear market for mining explorers in Alaska. “After taking head shots for the past four years, the industry suddenly came to life over the past month, with new budgets,...
TSX/NYSE-MKT: TMQ Chairman: Gerald McConnell President and CEO: Rick Van Nieuwenhuyse Exploration Business Manager: Frank Gish While its name has changed, Trilogy Metals Inc.'s goal remains the same - unlock the potential of the world-class base and precious metals deposits at its Upper Kobuk Mineral Projects in Northwest Alaska. The company's former name, NovaCopper, spoke to the some 8.5 billion pounds of copper identified so far at UKMP, but it did not describe the natural diversity provided by the zinc, silver, gold, lead...
What does a name say about a company? Management of NovaCopper Inc. feels that its corporate moniker does not say enough about the diversity of metals present in the high-grade deposits encompassed by its Upper Kobuk Minerals Projects in the Ambler mining district of Northwest Alaska. Arctic, the most advanced UKMP deposit, actually hosts more zinc than it does copper. And, while copper remains the dominant metal in terms of value, zinc supply shortages are closing the price...
Mining's contribution to Alaska's economy starts with the hefty paychecks being issued to the some 4,350 miners that work in the state, according to recent study completed by the Alaska Miners Association and McDowell Group. The report, "The economic benefits of Alaska's mining industry," found that the average miner working in Alaska during 2016 received a whopping US$108,000 for the year, about double the average income across all sectors in the state. That is nearly US$470...
Earlier in November, the Alaska Miners Association held its annual convention and trade show in Anchorage and as always, the well-attended convention overlapped with election Tuesday. While the lead up to, and results of, the national and state elections were hot topics throughout the week, one comment I heard from a colleague on the morning after the elections distilled the feelings of a lot of people at the conference. When asked what he thought of the election results, he...
As a follow-up to last month's realization that once again "the game is afoot" in the mining industry, major gold producer Goldcorp recently presented some arresting statistics at the Bank of America Merrill Lynch Global Metals, Mining and Steel Conference. The presentation showed gold discovery and production information for the global mining industry that indicated that peak gold discovery occurred in 1995, this despite three periods between 1995 and 2015 when exploration...
The Bureau of Land Management Feb. 28 opened a 90-day public scoping period for the Ambler Mining District Industrial Access Road, a proposed 211-mile road that would run west from the Dalton Highway along the southern foothills of the Brooks Range to the Ambler Mining District. If built, this road would provide surface access to the Upper Kobuk Minerals Project, a large high-grade copper district being explored under a partnership between Trilogy Metals and NANA Regional Corp. According to the latest resource calculations,...
Alaska fell from favor with the 350 mining executives who responded to the Fraser Institute’s Survey of Mining Companies 2016, published on Feb. 28. This group of miners, explorers and consultants ranked the Far North State as the 14th best jurisdiction on Earth to seek and develop a mine. To gather information for its report, the Fraser Institute asks mining executives to rank the mineral potential and mining policies of mining jurisdictions around the globe. The C...
The path to discovering the viability of developing a mine at Arctic and the road needed to deliver the copper, zinc, lead, gold and silver from this exceptionally high-grade Northwest Alaska deposit to world markets are both making headway in 2017. Arctic is the most advanced of the high-grade deposits that make up the Upper Kobuk Mineral Projects, an extensive land package that unites Trilogy Metals Inc.-controlled mining claims that blanket a 70-mile- (110 kilometer) long...
With the opening late last month of a public comment period for the environmental impact statement on the proposed Ambler Mining District Industrial Access Project, I am cautiously optimistic that this time, Sisyphus will get the boulder up the hill. As a lowly graduate student at the University of Alaska Fairbanks back in 1979, I helped a crew from Anaconda Minerals color township-size blocks on a huge paper map of the Brooks Range. At the time, Anaconda and numerous other...
South32 Ltd., a coal and base metals miner spun out of BHP Billiton in 2015, has cut a US$150 million deal with Trilogy Metals Inc. to earn up to a 50 percent interest in the Upper Kobuk Mineral Projects, UKMP, a large land package that blankets most of the Ambler Mining District in Northwest Alaska. South32, which up to this point was focused on the Southern Hemisphere, has eight mines in Australia, Africa and South America that produce aluminum, coal, manganese, nickel and...
U.S. Bureau of Land Management April 7 announced a nine-month extension of the scoping period for the Ambler Road project, a proposed 211-mile road that would run west from the Dalton Highway along the southern foothills of the Brooks Range to the Ambler Mining District. In February, BLM announced a 90-day scoping period for the project that was slated to expire on May 31. That expiration has now been extended to Jan. 31, 2018, for a total of 338 days of scoping. Tim La Marr, manager of BLM's Central Yukon field office, said...
With winter programs winding down and summer efforts rapidly ramping up, it is becoming clear that 2017 will be a much more vigorous year for the Alaska mining industry than the 2013 to 2016 period. For example, my internal estimates are already pushing $75 million for exploration activity alone and a significant number of projects that have announced exploration plans have not yet announced budgets for 2017, so that number is likely to rise. Compare this to estimates of less...
Alaska is rich in mineral potential but poor in the critical infrastructure needed to fully realize this potential, that was the message Alaska Division of Geological and Geological Surveys Director Steve Masterman delivered to lawmakers on Capitol Hill. During a March 30 hearing, Masterman informed member of the U.S. Senate Committee on Energy and Natural Resources that Alaska could be the answer to the United States growing dependence on foreign suppliers for minerals....
Brazil Resources Inc., owner of the Whistler gold-copper project in Alaska, Dec. 5 said its board of directors has approved a change of its name to GoldMining Inc., which captures the company's international portfolio and plans moving forward. "We are pleased to change the name of the company to GoldMining Inc. to better reflect our diversified project portfolio and strategy to build a leading gold acquisition and development company throughout the Americas," GoldMining...
NovaCopper Inc. June 22 said the Bornite Camp is being prepared for the 2016 field program at the Upper Kobuk Mineral Projects located in Northwest Alaska. The majority of this year's project budget of US$5.5 million is planned to be spent on roughly 3,000 meters of drilling at the Arctic project. The program will include drilling for geotechnical, hydrological, waste rock characterization and metallurgical studies as well as further resource definition. The company is also planning a series of environmental studies that...
Although there is plenty of Alaska mining industry news this month, the big dog in the pen is the dramatic and unexpected run-up in the price of gold, which moved from a low of $1,078 per ounce to a high of $1,246/oz., most of which occurred after Feb. 1. Although profit-taking and other factors have caused the price to back off a bit, the move was both dramatic and unexpected. As you might guess, the ether is full of talking heads telling us why it went up, why it either won'...
NovaCopper Inc. Feb. 8 reported that it has budgeted US$5.5 million for its 2016 program at the Upper Kobuk Mineral Projects in northwestern Alaska. Like the 2015 program, which was similar in size and scope, this year's work will focus primarily on collecting data to inform a prefeasibility study for Arctic, a volcanogenic massive sulfide deposit that is rich in copper, zinc, silver and gold. This year's program is expected to include additional drilling at Arctic;...
As the curtain rings down on 2015, the sound of clapping and cheering can already be heard from the mining industry as it anticipates the end of a largely depressing year which started out looking like the long-awaited industry recovery was going to happen but in the end, did not. The uncertainty brought on by this year's unsettling events was front and center in a recent round-table discussion hosted by Northern Miner, sponsored by PearTree Securities and entitled "New...
