The mining newspaper for Alaska and Canada's North
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White Gold Corp. plans to invest C$13 million this year on exploration across its 439,000 hectares (1.1 million acres) of lands that blanket some 40 percent of Yukon's famed White Gold District. This program includes follow-up drilling at the exciting Vertigo gold discovery on the JP Ross property; resource expansion drilling on the White Gold and newly acquired QV properties; and regional exploration on priority targets across the company's expansive land package. White Gold...
When it comes to attracting mining investment, Alaska, British Columbia and all three Canadian territories rank among the top 20 jurisdictions in the world on the Fraser Institute Survey of Mining Companies 2018. This report asks industry professionals from around the globe to score mining jurisdictions based on their mineral endowment and various policy topics important to mining. "The mining survey-now in its 21st year-is the most comprehensive report card on government...
Those of you that attended the recent Cordilleran Roundup Convention in Vancouver can attest to the exuberant, upbeat atmosphere that pervaded the conference and was very much in evidence at the standing-room only festivities at our annual self-hosted Alaska Night meet and greet. But digging down under this veneer of optimism, many of the junior explorers and most of the producers admitted to their expectations of challenging times in 2019. Putting words to this apparent...
White Gold Corp. Jan. 20 reported that new results from 2018 drilling at Golden Saddle demonstrates strong potential for a previously unidentified series of shallow zones of gold mineralization within this 1.25-million-ounce gold deposit on the company's White Gold property in the Yukon. A resource calculated for the White Gold property early in 2018 outlines 12.32 million metric tons of indicated resource averaging 2.43 grams per metric ton (961,000 ounces) gold; plus 5.16...
Metallic Minerals Corp. Jan. 28 reported additional high-grade silver results from the 2018 exploration programs at its 100% owned McKay Hill Project, located 50 kilometers (30 miles) north of the historic Keno Hill Silver District in the Yukon. While McKay Hill is earlier stage than Metallic's Keno Silver project to the south, the company see's similar potential for a district-scale, high-grade silver-lead-zinc-copper system on the property. The company said its 2018 explorat...
Will the new Barrick Gold Corp. sell its 50 percent stake in the Donlin Gold project? This is the question on the minds of many Donlin Gold stakeholders and Novagold Resources Inc. shareholders following Barrick Gold's merger with Randgold Resources Ltd. Currently, Barrick and Novagold are 50-50 co-owners of Donlin Gold, a 39-million-ounce gold project in the Yukon-Kuskokwim region of Southwest Alaska. While the size of this deposit is definitely world-class and the resource...
I, for one, feel vindicated, relieved and ready to face the New Year! How so, you ask? Please let me explain. For those of you who remember my column in November, I noted that EY Global Mining and Metals publishes an 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 was for the years 2017-2018 and stated that "Our number one risk this year is digital effectiveness." If you...
White Gold Corp. Jan. 8 reported near surface gold mineralization in several rotary-air-blast holes drilled along the Coffee Creek fault that extends eastward from Goldcorp Inc.'s Coffee Gold property onto the company's Betty property. White Gold Corp. reported earlier this year that at least 10 known target areas occur over a 12-kilometer (7.5 miles) trend of anomalous gold in soils at Betty. The highest priority of these gold targets at Betty are structurally-hosted,...
As the year waned, Alaska's mining industry reported some of the last of its 2018 seasonal field results while the University of Alaska and state of Alaska released some current and projected state-wide economics. At the same time, some macro-economic data was released for the global mining industry. Combined, these figures show a mix of encouraging and not so encouraging trends facing the Alaska mining industry. At the global scale, things for the mining industry are looking...
White Gold Corp. Dec. 10 reported results from additional drilling and sampling at Vertigo that continues to expand the footprint of this intriguing gold exploration target on the JP Ross property in Yukon's White Gold District. On Dec. 6, White Gold Corp. published results from JPRVERRC18-013, a reverse circulation hole that cut 6.1 meters averaging 18.59 grams per metric ton gold and 188.8 g/t silver from a depth of 24.38 meters; and 4.57 meters of 6.82 g/t gold from 44.2 me...
Spectacular gold assays continue to roll in from the 2018 drilling and trenching at Vertigo, a target on White Gold Corp.'s JP Ross property that is shaping up to be the most robust gold system identified so far in Yukon's White Gold District. The latest round of assays include results from a reverse circulation (RC) hole that has significantly extended the Vertigo rotary air blast (RAB) discovery to depth and encountered a deeper zone of high-grade gold to depth. This RC...
WESTERN ALASKA Northern Dynasty Minerals Ltd. announced that it had finalized a surface right of way agreement with Alaska Peninsula Corporation for use of that latter's lands for the construction and operation of transportation infrastructure associated with the Pebble copper-molybdenum-gold project. Alaska Peninsula Corporation is an Alaska Native village corporation with extensive land holdings proximal to the Pebble site and more than 900 shareholders, many of which live...
With nearly indistinguishable physical and chemical properties, niobium and tantalum are almost always found together in nature. Both are also critical to the defense, energy and high-tech sectors in the United States, but neither are mined domestically. For these reasons, the United States Geological Survey considers these transition metals "indispensable twins" that are critical to America's economic and strategic wellbeing. "Niobium and tantalum are transition metals that...
White Rock Minerals Nov. 21 announced that it has staked 524 state of Alaska mining claims around Red Mountain, more than tripling the Australian company's land position at this high-grade zinc-silver-lead-gold-copper volcanogenic massive sulfide project on the north slopes of the Alaska Range. This expansion follows White Rock's first year of exploration where drilling confirmed the high-grade zinc-silver-lead-gold-copper mineralization at two historical deposits at Red...
White Gold Corp. Nov. 15 reported that drilling continues to cut long sections of high-grade gold at Vertigo, indicating that this newly discovered zone on the company's JP Ross property in the Yukon hosts a large, high-grade gold deposit. The latest batch of drill results are from 11 reverse circulation (RC) holes that validated previously completed rotary air blast holes and identified new zones of high-grade gold mineralization along strike and at depth. Highlights from...
Members of the Kaminak Gold Corp. executive team have reunited to form Tectonic Metals Corp., a private exploration company that has acquired three overlooked gold exploration properties in Alaska's Eastern Interior. While with Kaminak, this team advanced the Coffee project in the Yukon from a grassroots discovery to a roughly 5-million-ounce gold mine project that Goldcorp Inc. acquired in 2017 for C$520 million. Cashing in on Coffee, several of the Kaminak executives moved...
As Alaska's mining industry nears the end of another hectic year during which metals prices and investor sentiments rose and fell as precipitously as the world's major stock exchanges, the industry is naturally looking into its crystal ball trying to anticipate what the new year will bring. EY Global Mining and Metals does this sort of forecasting by putting out an annual "risk radar" for mining and metals. The idea is to find out what the industry perceives as the top ten...
It's clear by now that famed prospector Shawn Ryan has the Midas Touch when it comes to making significant mineral discoveries in the White Gold District of west-central Yukon Territory. During the past few weeks, junior mining company White Gold Corp. – which Ryan guides as chief technical advisor – reported not one, not two, but at least three significant gold discoveries in the region. White Gold's C$9 million, 14,500-meter exploration program for 2018 targeted expansion of...
While claim staking and mineral exploration has rocketed in Yukon's famed White Gold and Klondike districts, this prolific action nearly comes to a halt at the territory's western border with Alaska. This has given rise to a tongue-in-cheek theory that there must be a major fault separating the mineral rich lands in western Yukon from the barren lands west of the border. This "Border Fault" apparently does exist. It is not, however, a major geological structure separating...
Since investing roughly US$70 million to acquire a 28 percent stake in Novagold Resources Inc. in 2009, American billionaire Thomas Kaplan and his Electrum Group of companies have taken a keen interest in some of the more intriguing mineral exploration companies and projects in Alaska and across Canada's North. Kaplan, an Oxford-educated historian that began investing in natural resources in the 1980s, knows that gold has served as a currency throughout mankind's written histo...
Goldstrike Resources Ltd. might be feeling lucky, but that doesn't mean the Canadian gold explorer is easing up in its aggressive push into Yukon Territory. Instead of kicking back and reveling in the C$53 million payday from Newmont Mining Corp., its new partner in exploring the highly prospective Plateau gold property in central Yukon, Goldstrike's management team immediately began positioning the organization to deliver what could become the next big gold discovery in the...
Nickel Creek Platinum Corp. is focused on developing its Nickel Shäw (formerly Wellgreen) project in southwestern Yukon into Canada's next world-class nickel-copper-cobalt-PGM sulfide mine. Towards this objective, the company previously known as Wellgreen Platinum is carrying out the most in-depth a metallurgical program that is the comprehensive analytical undertaking that has ever been applied to Nickel Shäw. This work, which began in 2017, initially focused on flowsheet opt...
With continued financial and technical support from Agnico Eagle Mines Ltd. and Kinross Gold Corp., White Gold Corp. carried out a budgeted C$9 million program in 2018 to expand known deposits and explore the larger potential across the roughly 1 million acres (390,000 hectares) of prospective lands it holds in the Yukon's White Gold District. The explorer's massive portfolio of gold properties is a re-assemblage of White Gold prospects legendary Yukon gold prospector Shawn Ry...
Agnico Eagle Mines Ltd. reported substantial progress this year at its Amaruq and Meliadine gold mine development projects in Nunavut that are expected to boost the company's annual gold production to 2 million ounces by 2020. Meadowbank, currently the company's only operating mine in Nunavut, began production in 2010 and is now nearing the end of its gold reserves. The mill and other facilities there, however, will continue operations thanks to Amaruq, a satellite deposit...
11 is a milestone year for Kinross Gold Corp. – 25 years as a growing force in the global gold mining sector. Over its first quarter-century, Kinross has grown exponentially, from producing 83,000 ounces of gold with 1.6 million oz of reserves in 1993 to a major expected to produce 2.5 million gold-equivalent-oz from 25.9 million oz of gold reserves in 2018. This dramatic expansion is largely due to Kinross' two-pronged exploration strategy – focusing its own efforts on high...