The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Canada's provinces and territories have fallen from grace in the eyes of the global mining community, according to the latest rendition of Fraser Institute's Annual Survey of Mining Companies. For the first time in a decade, no Canadian jurisdiction ranks in the top 10 for "investment attractiveness" in the annual survey conducted by the Canadian public policy think-tank. This report asks industry professionals from around the globe to score mining jurisdictions based on their...
Triumph Gold Corp. Feb. 11 announced the first updated mineral resource estimates for the Freegold Mountain gold-copper-silver project in the Yukon since the end of 2014. Over the years, Triumph has identified numerous near-surface porphyry gold-copper targets and deposits over a six-kilometer (3.7 miles) stretch of Freegold Mountain. The two most advanced deposits along this trend are Nucleus and Revenue. Nearly 15 kilometers (nine miles) southwest of Revenue lies Tinta, a...
In November 1996, a little over 23 years ago, I began writing quarterly mining news summaries for the Society of Economic Geologists (SEG). Shortly after that, I began writing monthly summaries for this publication's ancestor, Mining News Alaska, and have continued both monthly, quarterly and annual mining news summaries ever since. With this summary, I have written my last Alaska update for North of 60 Mining News. When I wrote my first summary, Greens Creek was milling only...
With more than half of Alaska's entire population living within its region, Cook Inlet Region Inc., more commonly known as CIRI, is the most metropolitan of the 12 landholding Alaska Native regional corporations. While CIRI has leveraged its urban position with retail developments such as Tikahtnu Commons, an enormous retail and entertainment center on the outskirts of Anchorage, the Southcentral Alaska regional corporation also has oil and gas, renewable energy and mining...
With two Australian companies making major investments and several exploration companies from Down Under chomping at the bit to get into the field, 2020 is shaping up to be the best year for Alaska's mining sector in a decade. When you add up the investments South32 Ltd. plans to make in the Ambler Mining District and other exploration projects; Northern Star Resources Ltd.'s spending at the Pogo gold mine; and the exploration dollars at least five other Aussie companies are...
As the year winds down, mineral industry evaluations for 2019 are being published at a rapid rate. One of the most interesting such global reviews is EY Global Mining and Metals' annual "risk radar" for mining and metals, outlining what mining companies perceive as the top ten risks facing them in the near future. This publication stated that, for the second straight year, "social license to operate" remains the number one risk facing mining companies in 2020. This was...
Stretching along roughly 400 miles of Alaska's southern coast – from the north end of the Southeast Alaska Panhandle near Icy Bay to the tip of the Kenai Peninsula near Homer – the Chugach Alaska Corp. region epitomizes Alaska beauty. This 10 million-acre region along Gulf of Alaska coastline is carved with majestic fjords and bays teeming with fish, birds and marine mammals, and vistas of mountains and glaciers rising above and cutting through dense forests of hemlock and...
PolarX Ltd. Nov. 18 reported that the first hole drilled at Mars has indeed tapped a wide section of copper-gold-molybdenum mineralization, confirming the porphyry potential of this target on the Australia-based explorer's Alaska Range property. From a depth of 308 meters, this first hole ever drilled at Mars, 19MAR001, cut 102.1 meters averaging 0.22 percent copper, 0.07 grams per metric ton gold and 200 parts per million molybdenum. "Assays confirming the presence of...
An abnormally long fall has allowed the Alaska mining industry to extend seasonal work well into mid-October, creating a lot of new information about project work conducted around the state. Exploration efforts, in particular, benefitted from this additional field time. Based on information available to date, 2019 exploration expenditures are expected to be in the $135-140 million range, well ahead of the $120-125 million exploration spending tracked for 2018. In addition,...
PolarX Ltd. Oct. 21 reported that the encouraging porphyry copper mineralization encountered in the first hole at the Mars target on its Alaska Range property increased in intensity to the bottom of the hole. On Oct. 1, the Australia-based company announced that its Mars discovery hole, 19MAR001, cut roughly 300 meters of porphyry-style mineralization starting at a depth of about 5.3 meters. Today, the company said this visible copper and molybdenum mineralization increased...
Millrock Resources Inc. Oct. 1 said it is investing the C$1.58 million it recently raised to position the company and its properties for expected improving markets for gold-focused exploration companies. "The moves Millrock has made over the past three months has positioned the company well for what appears to be a coming bull market in precious metals," said Millrock Resources President and CEO Greg Beischer. "We have developed an enviable gold project portfolio that is...
The Ambler Mining District in Northwest Alaska covers a more than 70-mile (115 kilometers) stretch of Earth's crust that is rich in a variety of precious, base and critical minerals. So rich, that nearly 40 years ago U.S. Congress wrote road access to Ambler into the laws of the land. Today, much of the Ambler District is covered by the Upper Kobuk Mineral Projects (UKMP), a partnership that brought Bornite and a number of other copper-rich prospects on Alaska Native lands...
If you have watched the metals markets over the last month, you know why Alaska's mineral industry has surged, stalled, swerved, swooped, slowed, shelved and stuttered, sometimes all at the same time! Gold has gone above US$1,500 per ounce; copper pundits are predicting an increasingly dour future; zinc markets are looking to dive below $1.00 per pound; tin markets have marched strongly upward due to supply disruptions; and silver bulls are calling for annual worldwide...
Western Copper and Gold Corp. Sept. 24 reported a high-grade gold intercept from a hole drilled during the company's roughly 13,500-meter drill program at the Casino copper-gold project in the Yukon. Hole DH19-21, drilled near the southern edge of the enormous Casino copper-gold deposit cut 2.97 meters averaging 55.1 grams per metric ton gold. A re-assay of this sample returned 65.9 g/t gold, confirming the robust gold grade. This is the third high-grade intercept encountered...
Crystal Lake Mining Corp. Sept. 18 announced results from a hole that cut shallow high-grade gold mineralization at the NW Zone on the company's Newmont Lake property in British Columbia's Golden Triangle. Situated about 30 kilometers (19 miles) northwest of Skeena Resources' Eskay Creek project and about the same distance southeast of Teck Resources and Newmont Goldcorp's Galore Creek project, Newmont Lake is in an area known for copper and gold deposits. NW Zone, which is...
ATAC Resources Ltd. Sept. 13 reported high-grade gold and copper from drilling and additional rock samples collected from the Bobcat skarn target at Rau, a 660-square kilometer (255 square miles) project at the western end of the company's 185-kilometer- (115 miles) long Rackla Gold property in the Yukon. While prospecting Bobcat this year, crews collected grab samples with 41.9 grams per metric ton gold and 10.55 percent copper; and 16.15 g/t gold and 7.24 percent copper....
The Koniag Inc. region covers the Kodiak Archipelago, a group of islands off the southern coast of mainland Alaska better known for their enormous brown bears than vast mineral potential. The Alutiiq people that arrived on Kodiak, Afognak and surrounding islands more than 7,500 years ago were skilled mariners who were deeply connected to the ocean for food and supplies. Over the millennia, these roaming seafarers settled into whaling and fishing villages that sheltered...
While mining activity remained strong in the Northwest Territories in 2019, industry and government officials alike worried that the robust sector, driven largely by production at three diamond mines, has entered a prolonged downward slide. The near-term economic outlook for the territory, which covers 1.3 million square kilometers in Canada's central Arctic region, continues to be bleak as its diamond mines that have now passed peak production and replacement projects are in...
When it comes to mineral exploration incentives, currency exchange and infrastructure, Alaska is at a disadvantage in the realm of attracting exploration investments from Canada and Australia, countries that are home to the majority of mining companies. The Far North State's vast and underexplored mineral potential, however, trumps these handicaps in the minds of a growing number of miners and mineral explorers. Mining executives from around the globe perennially rank Alaska...
Though mineral exploration in Yukon Territory this year lagged the pace seen in 2018, mine development projects advanced at a steady clip in 2019, while several past-producing mines moved toward resuming output. Yukon ranked fourth in Canada for projected spending on mineral exploration and deposit evaluation for 2018, according to statistics distributed by Natural Resources Canada. Spending for mineral exploration and deposit evaluations totaled C$249.4 million, made up of C$...
Western Alaska Copper & Gold is a private exploration company focused on the rich gold, silver, copper and zinc potential of the Illinois Creek Mining District located near the lower Yukon River about 65 miles southwest of the Galena and 120 miles north of the Donlin Gold Mine project. This more than 26,000-acre land package blankets the past producing Illinois Creek gold-silver mine; Round Top, a porphyry copper-molybdenum-silver target; and Honker, a high-grade gold target....
At a time when electric vehicles are driving up nickel demand, Garibaldi Resources Inc. is unveiling an extremely high-grade deposit of this battery metal at its Nickel Mountain project about 18 kilometers (11 miles) southwest of the historic Eskay Creek Mine in the heart of British Columbia's Golden Triangle. "Increasingly, Nickel Mountain represents an important new discovery within the Eskay Rift," said Peter Lightfoot, a technical advisor to Garibaldi and nickel geology...
With the 2018 sale of its 50 percent interest in the Galore Creek copper-gold project in British Columbia, Novagold Resources Inc. is singularly focused on advancing the Donlin Gold Mine project in Alaska toward production. In dichotomy, Barrick Gold Corp., Novagold's equal co-owner of Donlin Gold, significantly expanded its gold project portfolio with the finalization of a merger with Randgold Resources Ltd. at the onset of 2019. The Barrick-Randgold merger have caused...
ATAC Resources Ltd.'s 2019 exploration focused primarily on Rau, a 660-square kilometer (255 square miles) property at the western end of the company's 185-kilometer- (115 miles) long Rackla Gold property in the Yukon. Rau is anchored by Tiger, a carbonate replacement body with 5.68 million metric tons of measured and indicated resources averaging 2.66 g/t (485,700 oz) gold. This project, however, hosts numerous styles of mineralization rich in copper, silver, zinc, lead and t...
Primarily focused on gold, copper and silver, Millrock Resources Inc. is a project generating mineral exploration company that has built a large portfolio of highly prospective mineral exploration properties in Alaska, British Columbia and Mexico. Many of the projects the company has generated have been sold recently to other companies in exchange for cash and shares of the company acquiring and exploring the project. For 2019, Millrock focused largely on amassing a large...
