The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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A new Australian company has entered the Alaska gold exploration scene with a deal to acquire Monte Cristo, a 125-square-mile (324 square kilometers) underexplored project in the Kahiltna Terrane area. Consisting of 500 state mining claims, Monte Cristo covers a 35-mile-long (55 kilometers) under-explored stretch of Southcentral Alaska east and south of two projects with multi-million-ounce gold resources – GoldMining Inc.'s Whistler gold-silver-copper project and Nova M...
The greatly expanded deposit at Western Copper and Gold Corp.'s Casino project in the Yukon would support an economically robust mine capable of producing an average of 178 million pounds of copper, 231,000 ounces of gold, 1.36 million oz of silver, and 16.6 million lb of molybdenum per year over an initial 25-year mine life. This is according to a preliminary economic assessment released on June 22 that outlines a 120,000-metric-ton-per-day milling and 25,...
White Gold Corp., one of the most active mineral exploration companies in Canada's North in recent years, is taking a closer look at Nolan, a property found in Yukon's fabled Sixtymile area near the Alaska border. Here, eager prospectors have pulled gold from the region's creeks and streams since the precious metal was first discovered in the region in 1884. White Gold is betting throngs of prospectors who scoured the area during the past 136 years left a lot of gold behind. T...
Western Alaska Copper & Gold Company May 25 announced plans to become listed on the TSX Venture Exchange through a merger with 1246779 B.C. Ltd. As a private company led by Christopher (Kit) Marrs, Western Alaska has steadily advanced multiple precious and base metals deposits and targets across its 35,520-acre Illinois Creek Mining District property near the Yukon River about 65 miles southwest of the town of Galena, Alaska. Western Alaska's 2020 program on this property...
The ultimate goal for most junior exploration companies is to discover and advance a mineral deposit to the point that it is large and rich enough to attract the attention of a major mining company to swoop in and nab a stake through an investment in the project or even an outright buyout of the junior. Sometimes, if the global market conditions are right and the project shows enough promise, majors will invest in a project long before an economically viable mining project...
Rio Tinto Canada Inc. is investing C$25.6 million (US$21.2 million) to acquire a roughly 8% stake in Western Copper and Gold Corp. and a foothold in the exploration company's Casino copper project in Canada's Yukon. "The investment by Rio Tinto, a leading global mining group which operates in 35 countries around the world, and whose purpose is to produce the materials essential to human progress is a strong endorsement of the Casino project," said Western Copper and Gold...
White Gold Corp. May 19 reported that its 2020 exploration program at the Betty gold project in the Yukon identified several targets for drilling slated for this year. Situated about 15 kilometers (nine miles) northeast of Western Copper and Gold Corp.'s Casino copper-gold deposit and 40 kilometers (25 kilometers) east of Newmont Corp's Coffee Gold deposit, the 17,127-hectare (42,322 acres) Betty property covers the eastern strike extension of the Coffee Creek Fault, which...
Alaska, Northern British Columbia, and the Yukon are home to a dozen advanced stage exploration and mine projects hosting billions of pounds of copper ready to deliver to a world demanding massive amounts of this conductive metal for the green energy and electric mobility transition envisioned over the next three decades. In its report, "Copper is the new oil," Goldman Sachs forecasts that the electrification of transportation and decarbonization of electrical generation...
Rockhaven Resources Ltd. May 12 outlined plans for 12,000 meters of resource upgrade and exploration drilling for its road-accessible Klaza gold-silver project in southern Yukon. A preliminary economic assessment completed last year outlines plans for a mine at Klaza that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over 12-years. This scoping level study is based on 4.46 million metric tons of indicated resource averaging 4.8 grams per metric...
With a $13 million budget for predevelopment activities during 2021, a proposed road to the enormously metal-rich Ambler Mining District in Northwest Alaska takes another step closer to reality. This summer's work to prepare the proposed 211-mile industrial access road for a development decision will be funded equally by Ambler Metals LLC, which is working to develop the rich mineral potential at the road's terminus, and the Alaska Industrial Development and Export Authority,...
HighGold Mining Inc. April 13 said the final batch of assay results from the 2020 drilling at Johnson Tract in Southcentral Alaska includes one hole that extended the JT deposit by about 180 meters along strike and down-dip. According to a calculation completed in April of last year, the JT deposit hosts 2.14 million metric tons of indicated resource averaging 6.07 grams per metric ton (417,000 ounces) gold, 5.8 g/t (397,000 oz) silver, 5.85% (275.3 million pounds) zinc,...
From a world-class graphite deposit in the Northwest to rare earths on the Southeast Panhandle, Alaska has the potential to offer a sustainable and secure supply to meet the coming explosive demand for the minerals and metals crucial to the renewable energy and electric vehicle sectors in North America and around the globe. International Finance Corporation, part of the World Bank Group, estimates that this shift to low-carbon energy and electric mobility will create nearly...
HighGold Mining Inc. March 10 announced that its 2020 drilling has discovered a new zone of what appears to be zinc-rich volcanogenic massive sulfide mineralization near the JT deposit, which opens up a whole new resource potential at the company's Johnson Tract polymetallic gold project in Southcentral Alaska. Based on historical drilling and nine holes completed by HighGold in 2019, the JT deposit hosts 2.14 million metric tons of indicated resource averaging 6.07 grams per...
White Rock Minerals Ltd. April 21 announced the closing of a roughly A$8.8 million (US$6.8 million) financing, which will fund the Australian company's largest exploration program so far at the Red Mountain project in Alaska. The expanded 2021 program at Red Mountain will include three diamond drill rigs testing for both intrusive related gold at the Last Chance prospect and expanding up upon the high-grade silver-zinc-gold-lead volcanogenic massive sulfide mineralization at R...
White Rock Minerals Ltd. April 12 said it plans to carry out 10,000 meters of drilling this year to expand upon and explore the zinc, lead, silver, and gold potential across its 308-square-mile (798 square kilometers) Red Mountain project in Alaska. This program will involve three drill rigs focused on expanding the silver-rich volcanogenic massive sulfide mineralization already outlined in the Dry Creek and WTF deposits at Red Mountain, as well as the intrusive related gold...
Rockhaven Resources Ltd. Feb. 18 announced that its 2020 drilling tapped new bonanza grade gold-silver encountered during a 2020 drill program targeting areas that lie outside the already defined deposit on its road-accessible Klaza project about 50 kilometers (31 miles) west of Carmacks, Yukon. A preliminary economic assessment completed last year outlines plans for a mine at Klaza that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over a 12-year...
Western Alaska Copper & Gold Feb. 3 reported an updated mineral resource estimate for Illinois Creek project that includes calculations for the heap leach pad and unmined resources on the western Alaska gold-silver project. Located about 65 miles southwest of the town of Galena and 120 miles north of the Donlin Gold Mine project, the 34,240-acre Illinois Creek District property is home to Illinois Creek, an open-pit mine and heap-leach operation that produced roughly 150,000...
Like nearly every other aspect of human existence, the COVID-19 pandemic has fundamentally changed the mineral exploration industry in Canada and Alaska. The Association for Mineral Exploration British Columbia embraced this change with the first ever AME Remote Roundup, a virtual rendition of the long-lived mineral exploration convention that traditionally brings thousands of people to Vancouver, British Columbia at the onset of each year. "This is one of the first meeting...
Alaska Industrial Development and Export Authority Feb. 10 announced that its board has approved a long-term agreement with Ambler Metals LLC to share up to $70 million of the predevelopment costs for a proposed road to the Ambler Mining District in Northwest Alaska. "This is another example of AIDEA's role in establishing public-private partnerships supporting responsible development of Alaska's natural resources," said AIDEA Chairman Dana Pruhs. Such partnerships are the...
From the first glimpse of a potential new discovery to watching the first load of ore pour into a new mill, mineral explorers working in Yukon Territory during 2020 reported experiencing the full gamut of mining highs. Encouraged by the commissioning of the Eagle Gold Mine, government grants for exploration projects, and metals prices, dozens of juniors rushed to the Yukon to chase prospects in the northern territory. "Based on the historic trends, coming into 2020, it looked...
White Rock Minerals Ltd. and AuStar Gold Ltd. Feb. 2 announced plans to merge into a larger mining company with a world-class portfolio of assets that include the large Red Mountain silver-zinc-gold-lead and Last Chance gold projects in Alaska, and a portfolio of exploration to producing gold assets in Australia. Under the arrangement proposed by the two companies, White Rock will acquire AuStar by issuing 0.78 White Rock shares for every AuStar share issued to shareholders....
Strong metal prices and an infusion of cash from notable resource investors helped to salvage much of a 2020 mineral exploration season in Alaska that became lethargic with disruptions, delays, and shelving of field programs infected by the COVID-19 pandemic early in the year. At its onset, 2020 was looking like it would be the best year for Alaska's mining sector in a decade. Australia-based mining companies were slated to invest nearly US$100 million in mineral exploration...
White Rock Minerals Ltd. focused its 2020 exploration in Alaska on a potentially large gold system at Last Chance, a large target toward the western end of the Australian mineral explorer's Red Mountain property in Alaska. While Red Mountain is best known for its zinc-rich volcanogenic massive sulfide deposits and occurrences, this 308-square-mile (798 square kilometers) property about 60 miles (100 kilometers) south of Fairbanks lies within the Tintina Gold Belt, a...
A relatively young mineral exploration company led by a veteran team noted for their success in advancing Coffee Gold in the Yukon from a grassroots discovery to a roughly 5-million-ounce gold mine project, Tectonic Metals Inc. is exploring the overlooked gold potential Alaska has to offer. Formed as a private company in 2018 and taken public on the TSX Venture Exchange towards the end of 2019, Tectonic has already built an impressive portfolio of gold properties and strong...
Western Alaska Copper & Gold focused it's 2020 program on investigating the potential of restarting operations at the past producing Illinois Creek gold-silver mine near the Yukon River about 65 miles southwest of the town of Galena and 120 miles north of the Donlin Gold Mine project. In 2018, Western Alaska and Piek Exploration formed a joint venture to consolidate the entire Illinois Creek district, a 34,240-acre land package that blankets the Illinois Creek mine project;...
