The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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As the rest of the country suffers through the Dog Days of summer, Alaska is approaching the end of a topsy-turvy summer season that saw unseasonably hot, dry weather in some parts of the state during some parts of the summer, while other parts of the state have seen record rainfall and unseasonably early snowfall. Gold prices have skyrocketed over the $1,500 per ounce mark and silver prices have moved strongly up, now trading at a one-year high. However, copper and zinc are a...
Yukon Territory, a mineral exploration frontrunner in Canada's North, is witnessing a significant slowdown in 2019. As a result, growth in Yukon's economy is expected to slow this year but rebound in 2020, according to The Conference Board of Canada. In its "Territorial Outlook Economic Forecast: Summer 2019," released in June, the board said new mines coming online in 2020 will drive Yukon's growth in the near future. Several factors, however, have converged to put the...
Garibaldi Resources Inc. Aug. 9 reported that drills have tapped the widest zone of nickel- and copper-rich massive sulfide ever encountered 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. "This season's drill program is our best start yet at Nickel Mountain at a time when nickel prices are hitting new multi-year highs," said Garibaldi Resources President and CEO Steve...
Earlier this month Reuters reported that several agencies within the U.S. Federal government were "rapidly assessing" our domestic ability to mine and refine rare earth elements and utilize those 17 super cool elements in value-added products needed for a wide and ever-growing array of consumer and national defense products. Not surprisingly, mining industry officials demurred when quizzed about supplying information on where rare elements might be mined in the U.S. and how...
ATAC Resources Ltd. July 16 said initial results from this year's exploration at Rau continues to expand the mineral potential across the 660-square kilometer (255 square miles) project at the western end of the company's expansive Rackla Gold property in the Yukon. Currently, 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. However, the project hosts numerous styles...
Aleut Corporation is committed to promoting economic opportunities for its more than 4,000 shareholders, while preserving the traditional culture and values developed from living in a ruggedly beautiful stretch of Alaska. The Alaska Peninsula and 167 named Aleutian Islands extending more than 1,000 miles off Southwest Alaska that make up the Aleut Corp. region form a border between the Pacific Ocean and Bering Sea. This geologically young island arc is part of the Pacific...
Earlier this month S&P Global put out a summary indicating that during the first quarter of 2019 metals like copper, zinc and nickel were up quarter over quarter by 11 percent, 22 percent and 25 percent, respectively. More recently gold has skyrocketed beyond the $1,400-per-ounce mark for the first time in many months. Correspondingly, the mining industry's aggregate market cap also rebounded strongly in the period after four bearish quarters, rising 12 percent to $1.43...
The Bristol Bay region is home to two resources that beyond a doubt earn the moniker "world-class" – an annual run of sockeye salmon that is second to none and Pebble, the largest undeveloped copper and gold deposits known to exist on Earth. These world-renowned resources, however, have stirred up controversy in this Oklahoma-sized region of Southwest Alaska, as many of the roughly 7,400 Bristol Bay residents are concerned that mining the copper, gold, molybdenum and other m...
Triumph Gold Corp. June 18 announced the start of a drill program targeting a buried copper-gold porphyry target that has not been previously tested by drilling at the Freegold Mountain project in the Yukon. 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. The Nucleus deposit hosts 74.74 million metric...
Constantine Metal Resources Ltd. June 3 released a preliminary economic assessment for Palmer that outlines an economically robust and environmentally conscientious mine for the volcanogenic massive sulfide project in Southeast Alaska. "This PEA is the most significant milestone for Constantine to date, demonstrating a high-quality project with strong economics and a progressive, environmentally conscious mine design," said Constantine Metal Resources President and CEO...
Western Copper and Gold Corp. June 3 announce the start of a roughly 10,000-meter drill program at its Casino copper-gold project in the Yukon. According to a 2013 feasibility study, Casino hosts 4.5 billion pounds of copper and 8.9 million oz of gold in 1.1 billion metric tons of proven and probable reserves. This is enough reserves to support a mine that would contribute C$9.6 billion to the Canadian economy and pay C$3.2 billion in taxes and royalties to federal,...
In the famous words of Sherlock Holmes, the game is afoot! After seasonally slower news from Alaska's mining industry in March and April, the dam has broken with over two dozen Alaska mining project news releases issued in the last month. Including those projects moving forward that have not released their 2019 plans, Alaska has become a very busy place under the sun. All of our major metal mines reported strong performances in the first quarter, several of Alaska's most...
Triumph Gold Corp. is making significant, new strides toward unlocking the geological secrets of Freegold Mountain, a district-scale property that could produce one of the richest copper-gold resources yet discovered in the Yukon. The Canadian and Yukon governments, meanwhile, are moving forward with a joint effort to spur mine development in the Dawson Range where the Freegold Mountain project is located along with many others, including the Casino copper-gold and Coffee...
When it comes to managing its more than 1.5 million acres of land in a region of Southcentral Alaska renowned for its natural beauty, Copper River salmon, abundant wildlife and one of the richest lodes of copper to ever by mined on earth, Ahtna Inc. balances development for the prosperity of its current shareholders and preservation of resources for future generations. An important facet of this management is ensuring that there are plenty of plants, fish and wildlife to suppo...
With at least five companies investing heavily in securing ground, acquiring royalties and drilling at and around the Pogo Mine, Goodpaster Mining District has emerged as the hottest destination for gold exploration in Alaska during 2019. The US$30 million to US$40 million Australia-based Northern Star Resources Ltd. is investing in exploration at its newly acquired Pogo Mine alone would be enough to make Goodpaster the most explored district in Alaska this year. "We've got 12...
As is usually the case this time of year, news about Alaska mineral activities is a bit sparse this month as planning activities are at flank speed ahead of next month's surge in field activities. That said, there has been a blizzard of mineral industry data released recently that has both direct and indirect applications to the Alaska mineral industry. First off, some internally generated data. Current public and private budget announcements suggest Alaska's exploration...
An alliance formed nearly two years ago between Evrim Resources Corp. and a Newmont Mining Corp. subsidiary may be paying off for the busy junior, given Newmont's recent decision to designate for option a promising gold project that the duo identified in western Northwest Territories. The alliance focused on a 23,250-square-kilometer (8,975 square miles) prospective land package that parallels the NWT-Yukon Territory border in hopes of finding world-class carbonate-style gold...
Western Copper and Gold Corp. April 8 reported that the Yukon government and Little Salmon-Carmacks First Nation have reached an agreement for the proposed Carmacks bypass, the first section of a road to the Casino copper project. "The Carmacks bypass will be a road from south of Carmacks to the existing Freegold Road north of Carmacks so that mine haul trucks will be able to bypass the community," said Yukon Minister of Energy, Mines and Resources Ranj Pillai. The Carmacks...
Geologists familiar with Alaska already know the Far North State is a great place to explore for critical minerals and metals such as graphite, rare earths, platinum metals, cobalt and tin. A new report published by the U.S. Geological Survey, however, indicates that Alaska may be richer in these and other minerals and metals vital to the economy and security of the United States than previously realized. Working alongside the Alaska Division of Geological & Geophysical...
Alaska is rich in rare earth, a unique group of elements that are so distinctive that most are placed in their own separate section at the bottom of the periodic table. While scientist have long realized that rare earths possessed distinctive characteristics that set them apart from their fellow elements, it wasn't until the advent of the color television in the 1960s that these unique properties had any sort of widespread practical application. Over the ensuing five decades,...
While copper is not on the United States Geological Survey's list of 35 minerals and metals critical to America, there is no doubt of this metal's importance to both the everyday and avant-garde technologies vital to America's economy and security. "None of the other critical minerals work without copper," Trilogy Metals President and CEO Rick Van Nieuwenhuyse told Mining News. Automobiles are a prime example of how emerging technologies and green energy will drive the demand...
The strength and durability of steel and other alloys is greatly enhanced by adding a small amount of vanadium, currently the primary use of this critical mineral. While this toughness is legendary, the future of vanadium could rest in another set of more subtle traits that could make it the element of choice for large-scale storage of renewable energy generated by wind and solar. "Vanadium is becoming more widely used in green technology applications, especially in battery...
With more than 100 known tin occurrences, Alaska is considered the best place in America to establish a domestic source of this critical alloy metal that has defined human progress since the dawn of the Bronze Age. "Today, Alaskan tin deposits are known to be widespread, occurring from the central Alaska Range north to the Brooks Range and across Interior Alaska ... Southwest Alaska and the Seward Peninsula," according to the 1997 publication, Mineral Deposits of Alaska. And...
The six platinum group elements – platinum, palladium, rhodium, ruthenium, iridium, and osmium – are amongst the rarest metals on Earth. This scarcity, coupled with PGEs' uses in the automotive, petrochemical and electronics industries, has this group of industrious precious metals firmly planted on the United States Geological Survey's critical minerals list. "PGEs are indispensable to many industrial applications but are mined in only a few places," USGS inked in a 2017 rep...
It is no secret that much of the western United States was built on the back of natural resources found on federal land or within adjacent federal waters. Likewise, it is no secret that prior to 1964, resource development companies, and many other productive industries, externalized the cost of doing business by discharging often toxic waste into the adjacent environment without regard to the persistent effect of doing so. No one denies that over the past 50 years the...
