The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Replacing this oft-maligned lithium-ion battery metal comes at a cost Traditionally a headline-grabbing metal due to the perceived human rights and monetary costs it adds to lithium-ion batteries and the electric vehicles they power, cobalt is being overshadowed by the enormous demand and price increases for the lithium and nickel that also go into the storage cells that deliver the "E" to the EV revolution. Cobalt, however, continues to be a vital ingredient that improves...
Unlike the European prospectors seeking the gold, silver, copper, and the New World's wealth of other metals, oftentimes First Nations, Native Americans, and Indigenous peoples throughout North America sought a different rock that was precious to their very survival, obsidian. From as far north as the Gates of the Arctic national park to as far south as the Gulf of California, and even eastward and at the bottom of the Great Lakes, this microscopically sharp volcanic rock has...
Under a deal announced on Aug. 15, American Pacific Mining Corp. will gain 44.9% ownership of the Palmer zinc-copper-silver-gold-barite mine project in Southeast Alaska through the acquisition of Constantine Metal Resources Ltd. Being advanced under a joint venture between Constantine and Dowa Metals & Mining Alaska Ltd., Palmer hosts 4.68 million metric tons of indicated resource averaging 5.23% (539 million pounds) zinc, 1.49% (154 million lb) copper, 30.8 grams per metric t...
Chilean copper miner Antofagasta PLC has entered into an option agreement with Kenorland Minerals Ltd. to earn a 70% interest in Tanacross by investing US$30 million in exploration over eight years and publishing an NI 43-101-compliant preliminary economic assessment on the porphyry copper-gold project in eastern Alaska. "We're very excited to be working with Antofagasta on the Tanacross Project," said Kenorland Minerals CEO Zach Flood. "The property, which covers numerous...
White Gold Corp. July 5 announced the start of its 2022 drill program at the Betty Ford and Mascot gold targets on the Betty property, located within the southern part of the company's enormous land package that covers much of the White Gold District in Yukon, Canada. Betty is strategically positioned about 15 kilometers (9 miles) northeast of Western Copper and Gold Corp.'s Casino porphyry deposit and 40 kilometers (25 miles) east of Newmont Corp.'s Coffee gold deposit. "Our...
Dozens of prospectors and junior mining companies are trekking into the bush in Yukon Territory this field season, seeking the next big pot of gold in a fabled land rich with possibilities. Leading the charge is White Gold Corp., which initiated 7,500 meters of drilling, including 5,000 meters of diamond drilling, 1,000 meters of reverse circulation drilling and 1,500 meters of rotary air blast drilling. The 2022 exploration program began with diamond drilling at the Ryan's...
Western Copper and Gold Corp. June 28 announced the release of an updated feasibility study for its world-class Casino copper-gold-silver-molybdenum project in Yukon, Canada. Superseding all previous studies and incorporating an updated mineral resource and mineral reserve with an effective date of April 29, the study considers the Casino project being constructed as an open pit mine, with a concentrator processing 120,000 metric tons per day to recover copper, gold, silver,...
Western Copper and Gold Corp. June 6 announced the start of its 2022 exploration and drill program at the Casino copper-gold-silver-molybdenum project in Canada's Yukon. Located about 300 kilometers (186 miles) northwest of Whitehorse, this world-class project that Western Copper and Gold has been advancing since acquiring the property in 2008 is found within the traditional territory of the Selkirk First Nation. Historically, two prefeasibility studies and a feasibility...
Western Alaska Minerals Corp. May 5 announced that is has raised C$5 million (US$3.9 million) to fund its 2022 exploration program at the Illinois Creek project in Alaska, which is slated to get underway later this month. The more than 49,000-acre Illinois Creek Mining District property is home to the past-producing Illinois Creek Mine; Waterpump, a zinc- and silver-rich carbonate replacement deposit lies about four miles northeast of the Illinois Creek open pit; Honker, a...
ATAC Resources Ltd. May 19 announced the start of the 2022 field season with crews mobilizing to the Nadaleen project at the eastern end of the company's Rackla Gold property in the Yukon, before drilling a copper discovery on its Connaught property near the territory's western border. In early 2020, ATAC published results from an updated preliminary economic assessment for Osiris, a Carlin-type gold deposit at Nadaleen that hosts 12.4 million metric tons of inferred resource...
May 10, 2022, celebrates the ninth annual Alaska Mining Day. Established in 2013, Alaska Mining Day was created through legislation sponsored by Sen. Cathy Giessel, R-Anchorage, "to recognize and honor the intrepid individuals and industry that played an enormous role in settling and developing the territory and the state that continue to contribute to the economy of the state." Why May 10? On this day in 1872, the General Mining Act of the United States was approved – w...
White Gold Corp. April 21 reported that regional exploration work on its more than 1-million-acre (422,730 hectares) land package in Yukon's White Gold District has identified significant copper, gold, and other multi-element soil anomalies within the Hayes and Pilot properties. "Our regional exploration program normally constitutes a significant portion of our annual exploration budget and has continued to identify prospective new targets across our large district scale land...
Western Alaska Minerals Corp. March 29 said a new geological interpretation based on 2021 and historical data suggests that the historical and high-grade Waterpump Creek silver-zinc-lead deposit may be part of a belt of similar carbonate replacement deposits along a 6,000-meter-long corridor that extends to the Central Illinois Creek pit. Expanding Waterpump Creek and testing this belt are expected to be the primary targets of an initial 6,000-meter drill program slated to...
The U.S. Bureau of Land Management is leveraging its control over federal land along the Dalton Highway corridor to throw up a roadblock on the proposed industrial access to Alaska's Ambler Mining District. On March 11, BLM notified the Alaska Industrial Development and Export Authority that it has suspended a previously issued 50-year right-of-way that covers 25 miles of the proposed 211-mile road connecting the Ambler District to Alaska's highway system. Despite the receipt...
In a move criticized by a wide swath of Alaska policymakers and trade organizations, the Biden administration has filed a motion to reverse the federal authorizations for a proposed 211-mile road to the mineral-rich Ambler Mining District in Northwest Alaska. "You would think President Biden would want to improve access to American sources of copper and other strategic minerals that are needed in our combined efforts to increase renewables. Instead, actions like this only...
While copper has the potential to be a major contributor to Alaska's economic future, this "new oil" of the low-carbon economy will be hard-pressed to beat out the old money being produced at current and coming gold mines across the Last Frontier. This is due in large part to Kinross Gold Corp.'s new "Kinross Alaska" strategy that is leveraging the underutilized 14-million-metric-ton-per-year mill and storage capacity at Fort Knox to process higher-grade ore mined from...
The Alaska Industrial Development and Export Authority and Ambler Metals LLC have agreed to equally fund $30.8 million for a 2022 field program to advance the Ambler Access Project, a proposed 211-mile road that serves as an Alaskan epitome of connecting the aspirations of a low-carbon future with the large volumes of minerals and metals required to build the electric vehicles and renewable energy infrastructure that will make the green energy future a reality. The World Bank...
Mineral exploration activity in Nunavut intensified in 2021 as mining companies mounted larger and more extensive programs in response to stronger capital markets, government infrastructure initiatives, and the easing of restrictions imposed to curb effects of the ongoing Covid-19 pandemic. Spanning 2 million square kilometers (about 782,000 square miles), the territory has 25 communities and about 39,353 residents, of whom 84% are Inuit. Nunavut has no roads, and all but one...
As a milestone toward achieving its mission to unlock the vast precious and base metals potential across its 35,520-acre Illinois Creek Mining District property, Western Alaska Copper & Gold successfully listed on the TSX Venture Exchange last November. Western Alaska Minerals Corp., the new name for the exploration company with a decade of success as a private explorer, gained its TSX.V listing via a reverse takeover merger with the already listed 1246779 B.C. Ltd. Prior to t...
ATAC Resources Ltd. focused its 2021 mineral exploration largely on the East Goldfield project in Nevada and the Connaught project in western Yukon, a departure from more than a decade of primarily exploring its district-scale Rackla Gold property in the Yukon. This shift in jurisdictional and project focus followed the Yukon government's rejection of the company's application for a permit to build a private road that would support advanced exploration and potential mine...
Focused on both collecting the data to support a prefeasibility study for establishing a mine at Klaza and testing high-priority targets outside the current mineral resources, Rockhaven Resources Ltd. completed 14,256 meters of infill and expansion drilling at its road-accessible gold-silver project in southern Yukon. A 2020 preliminary economic assessment for Klaza outlines plans for a mine that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over...
From exploring resource expansion and discovery targets on its namesake property to testing a potential hardrock source of the rich placer streams in the Sixtymile district near the Alaska border, White Gold Corp. continues to systematically advance multiple gold targets across its more than 1 million acres of prospective land in Yukon's prolific White Gold District. This work is bolstered by the technical and financial support of strategic partners Agnico Eagle Mines Ltd....
Mining exploration and production activity soared in Yukon Territory in 2021 thanks to high metals prices, pro-industry government policies, and mounting successes in the field. Bouncing back from some of the most challenging working conditions in modern history due to the COVID-19 pandemic, placer and hardrock miners stepped up the pace of their activities, posting record production numbers and promising exploration results. With the rollout of COVID vaccines and the prospect...
Since first coming to Alaska to explore zinc-rich volcanogenic massive sulfide deposits at Red Mountain, Australia-based White Rock Minerals Ltd. has continually added zinc-silver and gold targets within and on the outskirts of this project that has now been expanded to 323 square miles (836 square kilometers). The company's 2021 drill program tested high-grade zinc-lead-silver-gold VMS targets that attracted it to Red Mountain in the first place and the intrusion-related...
Goldman Sachs' declaration that "copper is the new oil" may serve as a foreshadowing of Alaska's economic future, one that is not so heavily reliant on the revenues from petroleum flowing from the North Slope and leans more heavily on the state's rich endowment of precious, critical, and base metals. The investment bank's suggestion that copper is to become the strategically most important commodity on Earth is due to the vital role the conductive metal plays in global...
