The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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White Gold Corp. April 5 announced that it has identified two large copper-molybdenum porphyry targets on its Pedlar and Hayes properties in the southern portion of the company's 350,000-hectare (865,000 acres) land package in the Yukon. "Our primary exploration focus is discovering new orogenic gold deposits in the White Gold District and growing our existing gold resources. However, the Yukon is rich in various other metals which is also the case in our large land package,"...
Extending Alaska's limited road network 100 miles northwest from the Port MacKenzie area near Anchorage into the West Susitna area would open up a new area for Alaskans to visit the great outdoors, provide highway access to this mineral-rich region, and create a new revenue stream for the state, according to an independent economic study carried out by McKinley Research Group. "The West Susitna Road is important for local residents and gaining fair access to hunting, fishing,...
Western Copper and Gold Corp. March 24 announced a C$21.3 million (US$15.6 million) investment from Mitsubishi Materials Corp. to help advance the company's Casino copper-gold 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...
From competing offers for an exploration company with large and intriguing mineral projects in the Yukon, to the world's largest gold miner making a US$17 billion bid to buyout an Australian mining company with two producing assets in British Columbia's Golden Triangle, February was a big month for mergers and acquisitions in the North of 60 Mining News coverage area. Three M&A proposals were put forward in February that would create a shift in the North of 60 mining sector...
While lithium deposits are sparking fresh interest in Canada's northernmost territory, uranium is also spurring exploration companies to venture north this year to search for mineral riches in Nunavut. After a prolonged slump dating back to the recession in 2008, uranium prices are beginning to rebound as nuclear-generated power gains global acceptance as a viable source of affordable green energy. At least two companies, ValOre Metals Corp., and Forum Energy Metals Corp., are...
Western Alaska Minerals Corp. Feb. 28 reported that updated interpretations of geological, geochemical, and geophysical surveys have identified multiple targets for an up to 17,000-meter 2023 drill program around the high-grade Waterpump Creek silver deposit on the company's Illinois Creek property about 300 miles west of Fairbanks, Alaska. "Our rapidly growing data sets have defined some very exciting targets for our upcoming program," said Western Alaska Minerals President...
Thanks to the thick zones of high-grade silver-zinc-lead mineralization cut during the 2022 drilling of the Waterpump Creek target at Illinois Creek, Western Alaska Minerals Corp.'s first year as a publicly traded company on the TSX Venture Exchange has been a resounding success. Listing on the TSX.V at C85 cents per share in November 2021, Western shares were selling for a whopping C$5.60 each at the company's peak in August 2022. This meteoric rise began before the first...
White Gold Corp. Feb. 23 announced the latest batch of assays shows that the 2022 diamond drilling program on the Ryan's Surprise and Ulli's Ridge targets intersected multiple zones of gold mineralization between the untested region of both, suggesting a larger footprint within the 6.5-kilometer- (4 miles) long trend on the company's namesake White Gold District, Yukon. Located roughly 95 kilometers (59 miles) south of Dawson City and practically next door to Western Copper...
Cantex Mine Development Corp. Feb. 9 announced an update from the Main zone on its North Rackla property that, after core analyses, mineralization shows levels of very high germanium content. Generated from a 30,000-square-kilometer (11,583 square miles) regional heavy mineral sampling program, North Rackla was discovered in an area favorable for Carlin-style mineralization similar to ATAC Resources Ltd.’s Osiris deposit in 2010. Staked in 2012, the ensuing work has i...
Gold dominates Alaska mineral exploration, but a critical shift arises. Since the discovery of gold in what is now the Alaska capital city of Juneau, prospectors, geologists, and fortune seekers have spent more than 140 consecutive summer seasons exploring The Last Frontier's golden potential. With these endeavors turning up rich aurum lodes in every corner of the state, except for the oil-rich North Slope, the nearly century-and-a-half tradition of seeking and discovering wor...
Though effects of the COVID-19 pandemic lingered, mineral explorers rushed to the Yukon like moths to a flame during 2022. Mining's most daring sector rallied to generate the busiest field season seen in Canada's westernmost territory in years. In June, Natural Resources Canada projected mineral exploration and deposit appraisal spending in Yukon during 2022 to total C$157.9 million, up 14.5% from C$135.1 million estimated for 2021 and nearly double C$83.6 million in 2020....
Working with First Nations is key to unlocking the Golden Triangle's vast potential. A world-class copper-gold district that is also enriched with nickel, cobalt, platinum group metals, and other critical minerals, the Golden Triangle region of Northern British Columbia is poised to be a major supplier of the mined commodities critical to a low-carbon future, cutting-edge technologies, and strong global economies. "Responsible mineral exploration and development are critical...
With access road construction underway, Western Copper and Gold Corp. prepped its world-class Casino gold-silver-copper-molybdenum project to be ready for development with exploration and expansion programs to crack open this jackpot discovery. Located about 300 kilometers (186 miles) northwest of Whitehorse, this highly prospective project that Western Copper and Gold subsidiary, Casino Mining Corp., has been advancing since acquiring the property in 2008 is found within the...
With the buyout of Constantine Metal Resources Ltd., American Pacific Mining Corp. gained a roughly 45% ownership of the Palmer zinc-copper-silver-gold-barite mine project in Southeast Alaska. Being advanced under a joint venture with Dowa Metals & Mining Alaska Ltd., Palmer hosts two adjacent volcanogenic massive sulfide deposits with a combined 4.68 million metric tons of indicated resource averaging 5.23% (539 million pounds) zinc, 1.49% (154 million lb) copper, 30.8 grams...
While a small group of dedicated explorers returned in 2022 to advance production and development projects in Nunavut, a growing number of newcomers fanned out across the northern territory in search of a variety of minerals. Some came seeking gold deposits like those being explored and mined by Agnico Eagle Mines Ltd., while others chased historical occurrences of newly designated critical metals, especially copper and certain base metals, now in high demand for...
Mining activity in Northwest Territories held steady in 2022 despite constraints imposed by the ongoing COVID-19 pandemic as a cadre of mainly junior mining companies took up the international challenge to seek out large deposits of critical minerals. Early in the year, government officials noted that industry interest in diamonds, gold, and especially critical minerals boded well for the NWT economy in the coming year. "An exciting new chapter is emerging for mining in the...
Has the discovery and development of the mines essential to meeting the massive demand for battery metals, copper, rare earths, and other critical minerals reached the end of the road? Not a metaphorical end where the visions of electric vehicles charged with sunshine are dashed – halting the demand for green energy and technology metals. Instead, I am speaking to pioneering critical mineral supply chains beyond the literal end of the limited highways extending into Alaska a...
White Gold Corp. Nov. 28 announced positive results from the 2022 drill program at the Betty Ford and Mascot targets on the company's Betty property in Yukon's White Gold District, reporting that one hole drilled at Betty Ford cut 55.2 meters averaging 1.5 grams per metric ton gold, and one at Mascot that cut 27.4 meters averaging 1.14 g/t gold. "We are pleased to have encountered additional broad zones of near-surface gold mineralization on the Betty property," said White...
PhotonAssay tech offers a modern, faster alternative to fire assaying for gold analysis. Assays are the very crux of mineral exploration – timely results returned from the lab help guide the search for orebodies and let investors know that the dollars being poured into drilling and sampling is money well spent. With assay lab turnaround times in a post-COVID world being measured in months instead of weeks, mineral exploration geologists are without an important tool for v...
As Alaska-based company preps for 2023, Alaska Delegation calls for swift Ambler Road resolution. After spending this summer preparing for its initial drill program at the Sun copper-zinc-silver-gold project in Northwest Alaska, Valhalla Metals Inc. commends the Alaska Delegation's support for the proposed Ambler Road that would run right by this potential domestic source of green energy metals that lies along the route to the Arctic Mine project to the west. According to a...
From antimony historically mined near the Interior Alaska city of Fairbanks to the zinc and germanium produced at the Red Dog Mine, America's 49th State is a past producer, and a potential future source of the minerals and metals deemed critical to the United States. Earlier this year U.S. Geological Survey updated and expanded its list of critical minerals to include 50 minerals and metals essential to the economic or national security of the U.S. and which has a supply...
CAVU Energy Metals Corp. Oct. 3 announced plans to merge with Alpha Copper Corp., a mineral exploration company with two promising copper projects in British Columbia. Under the terms of the agreement, CAVU shareholders will receive 0.7 shares of Alpha for each CAVU share held, which represents a 31.3% premium for CAVU shareholders based on each company's respective 30-day volume-weighted average price. The value of the consideration was calculated as C33 cents per CAVU...
For this special spooky edition, North of 60 Mining News is revisiting some of the most bizarre and disturbing ghost towns in its northern coverage area. From one of the most haunted places in Alaska to a practically unknown trading post in Nunavut, enjoy this eerie account of places that once thrived but are now all but forgotten with nary the skeleton of infrastructure to prove its existence. Let us peer into the oftentimes short-lived bastions of civilization that, for...
Federal agency is accepting public input on second Ambler Road EIS until Nov. 4 After months of uncertainty, the United States Bureau of Land Management has provided some clarity to the plans to carry out further review of the Ambler Access Project – a proposed 211-mile road that would link Ambler Metals' Upper Kobuk Mineral Projects (UKMP) in Northwest Alaska to the Dalton Highway. BLM, the U.S. Army Corps of Engineers, and the National Park Service issued a joint record o...
HighGold drilling expands gold-rich Ellis Zone north of 1M oz JT Deposit. With the latest batch of assay results showing the drills are continuing to cut broad layers of high-grade gold at Ellis Zone, it appears that HighGold Mining Inc. is beginning to outline a second gold-rich polymetallic deposit at its Johnson Tract project in Southcentral Alaska. JT, the first deposit outlined on the 20,942-acre Johnson Tract property, hosts 3.49 million metric tons of indicated...
