The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 226 - 250 of 383
Over the past month, three of Alaska's large mines reported strong quarterly results; two projects in advanced permitting and pre-feasibility reported recent progress; and three exploration properties changed hands. The latter is a trend putting 2015 on course to be one of the most active years for new acquisitions in the past decade. Placer gold production has all but ceased for the year; however, output from Alaska's placer mines is not likely to be known with any certainty...
Most of Alaska is now enjoying a warm, early spring, allowing field programs to get off to an quicker start this year. While budgets are still tight, interest in Alaska projects has steadily increased as the mining and metals markets slowly recover from a four-year slowdown. Current estimates for 2016 exploration expenditures are looking like they will end up in the US$50 million to US$60 million range, down from the US$75 million range of last year but less precipitous than... Full story
As exploration across most of the North continues to trend downward, the Yukon Territory is celebrating the second straight year of increased spending. Early estimates put exploration in Yukon at about C$99 million for 2015, up roughly 20 percent over the C$80 million spent last year. With a wide swath of zinc-rich deposits in the Selwyn basin, a number of copper-rich porphyries in the Dawson Range, platinum group metal-nickel deposits in the southwest and gold deposits...
Stakeholder Gold Corp. April 23 reported that renowned Yukon Territory prospector and innovator Shawn Ryan has agreed to join its exploration advisory committee. Ryan will provide guidance for exploration of Stakeholder's Ballarat gold property and other strategic initiatives in the White Gold District, Yukon. "Shawn Ryan is an experienced and proven discoverer of gold deposits in the Yukon, and the company he founded, GroundTruth Exploration Inc., has developed some of the most advanced and cost-effective methods of...
Independence Gold Corp. May 17 outlined plans to acquire up to a 100 percent interest in the Rosebute gold property from Taku Gold Corp. Located 58 kilometers south of Dawson City, Yukon Territory, and immediately west of Independence's Henderson property, Rosebute encompasses two gold discoveries known as the Norwest and Hudbay zones. The Norwest Zone - located in the northern portion of the 14,387-hectare (35,550 acres) property - is defined by three gold-in-soil anomalies...
Stakeholder Gold Corp. May 5 said GroundTruth Exploration Inc. will be carrying out exploration at its Ballarat gold project located in the White Gold District of Yukon Territory. The work will start with a drone-generated, high-resolution topographic survey of the entire property. The Northwest zone - which has seen detailed conventional soil sampling, limited trenching and diamond drilling - will be further tested along two mineralized trends. Only a portion of a... Full story
Independence Gold Corp. April 27 reported an initial C$1.5 million exploration budget for 2016, which will fund roughly 1,500 meters of reverse circulation drilling at its Boulevard project, trenching on the Moosehorn project and geochemical sampling on several of the company's Yukon properties. All projects are located in the White Gold District south of Dawson City. Located about 135 kilometers (85 miles) south of Dawson City, Boulevard is contiguous to Kaminak Gold Corp.'s...
Although there is plenty of Alaska mining industry news this month, the big dog in the pen is the dramatic and unexpected run-up in the price of gold, which moved from a low of $1,078 per ounce to a high of $1,246/oz., most of which occurred after Feb. 1. Although profit-taking and other factors have caused the price to back off a bit, the move was both dramatic and unexpected. As you might guess, the ether is full of talking heads telling us why it went up, why it either won'... Full story
There's been an awakening. Have you felt it? "Crowdfunding" is emerging as a revolutionary new force in the way mining and mineral exploration companies will raise the cash needed to discover and develop the next generation of mines. "I am not aware of any mining activity in Alaska that has been financed by crowdfunding, although I suspect that methodology will be utilized in the near future," observed Fairbanks-based geologist Curt Freeman. "Unfortunately, its alter-ego, what... Full story
IDM Mining Ltd. Dec. 8 reported that it has entered a binding agreement to acquire Oban Mining Corp.'s extensive portfolio of precious and base metal properties in the Yukon Territory. Oban also has agreed to subscribe for 11,111,111 IDM common shares at C9 cents each, for gross proceeds of C$1 million, by way of a non-brokered private placement. "IDM is excited to welcome Oban Mining as a significant shareholder," said IDM President and CEO Rob McLeod. The Yukon portfolio con...
Goldstrike Resources Ltd. Dec. 4 reported that it has entered into an agreement to purchase a 3 percent net smelter returns royalty on the Lucky Strike gold property, located in the Yukon's White Gold District, together with a 3 percent net smelter returns royalty on the nearby BRC property. Goldstrike owns a 70 percent interest in the Lucky Strike mineral claims and has entered into an agreement to purchase the remaining 30 percent from Petro One Energy Corp. On completion...
Mineral exploration spending in Northwest Territories dipped sharply in 2015. While the final numbers are not in, Natural Resources Canada predicts exploration and deposit appraisal expenditures in the territory to be around C$43.6 million, or less than half the roughly C$95.8 million invested last year. Industry and government leaders in the territory, however, have come together "to develop a robust mineral industry in the NWT." In January, the government announced the... Full story
IGO: TSX-V President and CEO: Randy Turner VP, Exploration: David Pawliuk Independence Gold Corp. focused its 2015 exploration on drilling the Sunset and Denali zones of its Boulevard gold project, which wraps the west and south sides of Kaminak Gold Corp.'s Coffee project in the Yukon Territory. The Sunset zone is a 2,200-meter-long gold-in-soil anomaly located seven kilometers (4.4 miles) southwest of Kaminak's Coffee deposit. Trench results of up to 7.04 g/t gold across six meters and drill intercepts of up to 2.42 g/t gol...
KGC: NYSE/K.TO: TSX Chairman: John Oliver Chief Executive Officer: Paul Rollison Chief Operating Officer: Warwick Morley-Jepson Kinross Gold Corp. continues to carry out robust exploration at and around its Fort Knox gold mine in Interior Alaska, while quietly investigating other prospects around the state. When Kinross began mining at Fort Knox in 1996, the deposit had 4.1 million ounces of proven and probable gold reserves; going into 2015, the mine boasts 2.4 million ounces of gold contained in 263.8 million metric tons of...
Independence Gold Corp. May 20 reported plans to complete a C$1.8 million drill program at its Boulevard and Henderson gold projects located in the White Gold district of Yukon Territory. The programs, consisting of roughly 2,350 meters of reverse circulation and 800 meters of core drilling, are expected to begin in mid-June. The company plans to test the Denali and the Sunset zones at Boulevard with reverse circulation drilling. The Denali zone is located about 14 kilometers...
Northern Empire Resources Corp. has laid claim to Richardson, a 52,000-acre gold property in Alaska's Interior and has formed an alliance to begin exploring a segment of this vast parcel. Northern Empire is a prospect generator with early-stage gold properties in Alaska and Nunavut and a silver property in Mexico. The company was formed as part of a restructuring of Prosperity Goldfields Corp., a Nunavut-focused exploration company headed by Adrian Fleming. As part of a re-org... Full story
Kaminak Gold Corp. Jan. 13 reported that results from recent infill drilling at the Latte deposit generally confirm the location, geometry, continuity and grade of the mineralization interpreted within the existing resource model. Latte contributes roughly 21 percent of the recoverable gold at Kaminak's Coffee project in the White Gold district of central Yukon Territory. Kaminak drilled 5,200 meters (43 holes) at Latte in 2014 with the objective of verifying and upgrading...
Unlike its neighbors in the North, the Yukon Territory is forecasting a marked increase in exploration in 2014. While well shy of the roughly C$300 million invested in exploration in 2011, the peak of the modern Yukon gold rush, the C$65 million forecast to be invested on exploration in the Yukon during 2014 is roughly a 45 percent leap over last year. This exploration spending is dominated by an aggressive drill program at the Selwyn zinc project, situated in an area of...
Over the past five years, Kaminak Gold Corp. has rocketed the Coffee project from Yukon Territory's other White Gold property to an expansive set of gold deposits on pace to be the first of the Shawn Ryan discoveries to be developed into a mine. A preliminary economic assessment published in June envisions an open-pit mine and heap-leach facility producing an average of 167,000 ounces of gold annually over the life of mine at an all-in sustaining cash cost of US$688 per... Full story
KGC: NYSE / K.TO: TSX Chairman: John Oliver Chief Executive Officer: Paul Rollison Chief Operating Officer: Warwick Morley-Jepson Kinross Gold Corp. continues to carry out robust exploration at and around its Fort Knox gold mine in Interior Alaska, while quietly investigating other prospects around the state. When Kinross began mining at Fort Knox in 1996, the deposit had 4.1 million ounces of proven and probable gold reserves; going into 2014 the mine continues to boast 2.86 million ounces of gold contained in 183.11... Full story
TCK: NYSE / TCK.B: TSX Chairman: Norman Keevil President and CEO: Don Lindsay Vice President, Exploration: Alex Christopher Teck Resources Ltd. continued robust zinc exploration in Alaska and British Columbia, while dialing back expenditures at many of its copper exploration and development projects during 2014. The discovery and delineation of high-grade deposits near its Red Dog Mine in Northwest Alaska continues to be a primary focus of Teck's zinc exploration. Going into 2014, Red Dog had 45.4 million metric tons of ore... Full story
Mineral exploration activity held its own in Nunavut in 2013, despite a tough funding environment and stiff competition from other attractive mining jurisdictions around the world. Of the mineral projects edging closer to development in the territory, the Mary River iron project is likely the closest to startup. For the past two years, the venture, spearheaded by Baffinland Iron Mines Corp., has headlined mining news coming from the Qikiqtani, the territory's easternmost region. The Qikiqtani Region is Nunavut's largest...
Alaska's natural gas is increasingly replacing diesel as the fuel of choice for mines and mining projects across the Far North State and Yukon Territory. At roughly 37 trillion cubic feet, Alaska is awash in natural gas; however, some 35 tcf of these known reserves are isolated in the Arctic oil and gas fields of the North Slope. The balance, located in the Cook Inlet basin that stretches southwest from Anchorage, has been developed primarily to serve consumers in the... Full story
If you believe what you see in the press, Alaska's mineral industry was recently given a Christmas gift that trumps even the high-grade anthracite coal that most Alaskans were dreaming of during the last 40-below cold snap. The Alaska Dispatch reported on a recent presentation at the fall 2013 meeting of the American Geophysical Union titled, "Critical Metals in Western Arctic Ocean Ferromanganese Mineral Deposits," by James Hein, a senior scientist at the U.S. Geological... Full story
Like most mining jurisdictions worldwide, Yukon Territory encountered numerous challenges in 2013, including the prolonged drought in the capital markets. But the territory still managed to attract investment in more than 100 mineral exploration projects, most of which were follow-ups to campaigns in earlier seasons. The Yukon Geological Survey, in its annual exploration overview to be released Jan. 26, estimates exploration expenditures throughout the territory in 2013 to total about C$45 million, down dramatically from...
