The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 351 - 375 of 383
SONORA GULCH - Scattered along the Dawson Range, Northern Tiger Resources Inc.'s nine gold and copper projects are located in one of the Yukon Territory's more affluent mineralized neighborhoods. "It's a great address to be in," said Northern Tiger Resources President and CEO Greg Hayes during a recent tour of the area. "Between Underworld, Minto, Northern Freegold and us, there have been a lot of great drill results over the last year or so." Though the Edmonton,... Full story
The hunt for gold launched by Underworld Resources Inc. more than a year ago in Yukon Territory's Dawson Mining District is yielding more encouraging results for the junior at its White Gold Project. Meanwhile, other mining companies, including Anglo Canadian Uranium Corp., Aldrin Resource Corp., Radius Gold Inc. and Habanero Resources Inc., are rushing to get in on the action, staking more than 6,000 new placer and quartz claims in the Dawson area since April 1. Underworld reported discovery of more than 100 meters of... Full story
DAWSON CITY, Yukon Territory - Modern-day prospector Shawn Ryan is hot on the trail of what he believes could be the monster lode source of the 6 million ounces of placer gold recovered from historic Bonanza Creek of Klondike Gold Rush fame. For more than a century, geologists and prospectors have searched for the source rock that dumped a golden treasure into the creek and lured tens of thousands of men into the Yukon at the turn of the 19th century. The lack of an obvious...
Kinross Gold Corp. - operator of the largest gold mine in the Tintina Gold Belt - has embarked on a treasure hunt in hopes of identifying another Fort Knox-like deposit in this gold-rich province. The Tintina belt is a boomerang-shaped swath of land that spans the breadth of Alaska, through the Yukon Territory and into northern British Columbia. While Kinross works to extend the mine life of Fort Knox after 13 years of production through drilling, the Toronto-based miner is...
A gold mining group looking north from Nevada where it has been focused in recent years is seeing what many other explorers have noticed before them - the Tintina Gold Belt that stretches across Interior Alaska and Yukon Territory offers the handsome prospect of a major gold discovery. But the difference for Golden Predator Royalty & Development Corp. is that it is prepared to back up its conclusions with the hard work and financial capital necessary to not only find the gold but bring it into production in short order.... Full story
Underworld Resources Inc. began what promises to be a long, exciting summer by reporting results Memorial Day from the first three holes of its 2009 drilling program, currently under way at the White Gold Property in west-central Yukon Territory. Two weeks later, the aggressive junior churned out additional drill results for one of the three holes, this time identifying deeper gold mineralization that is also rich in silver. A week later, Underworld closed several private placements that generated C$16.55 million in gross... Full story
At least 11 companies have either staked claims in the vicinity of the recent White Gold discovery by Underworld Resources Ltd. in western Yukon Territory, or been inspired by Underworld's exploration success to become involved in exploration programs in the region this year. Underworld May 26 reported the discovery of 103 meters averaging 3.4 grams per metric ton gold at the White Gold Property. Among the companies flocking to the area: MPH Ventures Corp. June 19 said it has entered into an agreement to acquire the Quartz... Full story
Yukon Territory has one producing mine, the Minto copper-gold-silver operation near the Yukon River north of Whitehorse. During 2008, more than 150 active hardrock exploration projects in the territory, 73 of which recording spending greater than C$100,000, and 22 posted outlays greater $1 million. Here's a look at some of the mining companies active in Yukon Territory. Producing mines Sherwood Copper Corp., now a part of Capstone Mining Corp., took the Minto Mine, Yukon Territory's only producing hard rock mine, to new...
North Arrow Minerals Inc. has discovered a large, lithium-rich pegmatite in the Aylmer Lake area of the Northwest Territories, about 70 kilometers, or about 43 miles, east of existing winter road infrastructure that services the Ekati and Diavik diamond mines. The Vancouver, B.C-based junior is focused on exploration of a diverse group of gold-silver-base metal-and-diamond-prospective properties in the Northwest Territories and Nunavut Territory. North Arrow Sept. 18 said the northwest trending "Big Bird" pegmatite dike is...
The face of the geology profession is changing and no where is the trend more evident than in the Yukon Territory, where a mini-boom in exploration brought scores of women rock hounds trooping to mining camps across the northern wilderness this summer. "We've had women geologists in the industry all along, but nothing like the numbers we've been seeing lately," said Mike Burke, a senior geologist with the Yukon Geological Survey. Women are increasingly populating mining teams as high mineral prices has spurred exploration...
DAWSON CITY, Yukon Territory - Underworld Resources Inc., like a growing number of juniors, owes its chance to make a huge mineral discovery in Yukon to a couple of modern-day prospectors, Shawn Ryan and Cathy Wood. But Ryan and his wife and partner, Wood, are a far cry from stereotypical prospectors. No grizzled, elderly loners, these two are quiet parents in their 30s. Ryan is an energetic entrepreneur with a boyish grin and a rapid-fire style of conversing. He began tramping up and down the steep hills of western Yukon 11... Full story
With metals prices riding high, Yukon Territory government officials are excited about prospects for increased exploration and development activity by mining companies in the coming season. "We are optimistic about industry's continued interest in Yukon," said Energy, Mines and Resources Minister Archie Lang, who joined a government delegation attending the 25th annual Mineral Exploration Roundup in Vancouver the week of Jan. 27. More than 6,000 delegates, including geologists, prospectors, junior and senior mining and...
With gold nuggets weighing up to 41 troy ounces, Silverado Gold Mines Ltd's Nolan Placer Gold Mine is the type of place that would give even the well-seasoned miner gold fever! Located about 280 miles, or 452 kilometers, north of Fairbanks, Nolan Creek has placer ore that does not thaw sufficiently to be processed until mid-June. During the ensuing three months, crews work around the clock, sluicing as much ore as possible before subfreezing temperatures return to the Arctic....
As the late, great Phil Rizutto used to say when something amazing happened on the baseball field: "Holy Cow!" The last month has seen an explosion of activity across Alaska with companies working in virtually every region on a diverse package of metals including gold, platinum group elements, silver, molybdenum, lead, zinc, copper and nickel. Several new companies have entered the exploration field in Alaska and several new partners have joined forces with previously active... Full story
Molybdenum prices have gained altitude and performed a "loop the loop" in recent years that aerobatic pilots would envy. Skyrocketing from a low of $2 a pound in 2002 to a peak of $50 a pound in 2005, before dipping to the $20-a-pound range last year and climbing back to $33.75 a pound in mid-June, moly prices are having a heck of wild ride. Mining companies, in response, have been scrambling to expand and start up molybdenum projects. The trend is particularly evident in mineral-rich British Columbia, where 1,350... Full story
The annual running of the bulls in Pamplona can't hold a candle to the statewide frenzy that is going on right now across the length and breadth of Alaska. Measure it any way you like - meters drilled, helicopter hours used, geologists or engineers on the payroll, gallons of fuel burned or gallons of peanut butter consumed - it all comes out the same. The Alaska mineral industry is running at or over capacity and there is no sign that that will change any time soon. The last month saw the start of multiple drilling programs...
Higher prices for precious and base metals, gemstones, coal and other minerals are luring explorers back to the Yukon Territory, and this resurgence in mining activity has government officials grappling with ways to encourage the miners to stay. The number and variety of mining exploration projects under way this year bodes wells for the territory's future and for government's chances of re-awakening what many call a sleeping giant - Yukon's mining industry. "Yukon is coming back," says Ivan Jacobsen, a stockbroker at Canacco...
As expected, news has begun to trickle in from projects being worked on across the state. Some of the news is good, some not so good and some makes one scratch the head and wonder what it all means. Two new corporations entered the Alaska exploration industry in August, a trend started late last year as metal prices began their climb to current levels. August also saw the start of several new programs on a wide range of projects spread from the Seward Peninsula to southern Southeastern Alaska. The tally of the good, the bad...
I have had numerous people ask me the same question over and over again for the last month - "What's going on in Alaska; everyone is so quiet?" My response has been and remains the same - everyone is too busy breaking rocks, drilling holes or crushing ore to be bothered with new releases and grandiose public announcements. After all, it is high summer in the high north, a time of seasonal frenetic activity that makes the lot of us look and feel like a mouse in a habitat wheel! Despite the fact that a dozen or so companies... Full story
In case you have not heard, Alaska's mineral industry is cooking! Over the last month two new companies have acquired mineral properties in Alaska and most of the existing projects kicked off their summer programs in earnest. One of Alaska's major mining projects received its final permits to allow mine construction to begin and several others are conducting preliminary and final feasibility studies. Drilling rigs are scarce as hen's teeth and the helicopters to lift them and the people who run them are booked from now until...
The good news from Teryl, Kinross, Geoinformatics, Midas, Geocom and others is tempered by the loss of Alaska's gentleman scientist Ernie Wolff, who passed away on May 3; Liberty Star Gold appoints Phil St. George as VP of exploration s I write this summary of recent activities in Alaska's mining industry I am attending a once-every-five-year symposium in Reno put on by the Geological Society of Nevada. Some 1,500 attendees, mostly exploration geologists, are eagerly lapping up hours of new and previously unheard ideas on... Full story
Thanks to a gutsy move by the tiny Yukon River village of Galena, mine developers across the state could soon possess a new option for solving one of their biggest headaches - find a cheap source of power for their operations. Galena, like most remote Alaska communities, is virtually held captive by high energy costs. But nuclear power from a small 10-megawatt nuclear reactor could rescue the Bush village from economic bondage, according to a recent U.S. Department of Energy study of Galena's energy alternatives. Power costs... Full story
Residents of Southwest Alaska - including a former state governor - expressed passionate opinions about the proposed Pebble open-pit mine at a conference in the village of Newhalen April 7-9, demonstrating that there will be a host of social issues to deal with even if mine developer Northern Dynasty can overcome the project's daunting environmental and economic hurdles. Local Natives are worried about the threat to their subsistence lifestyle, lodge owners and guides fear tourism could change and anti-mining NGOs are making...
On the cusp of what promises to be one of the busiest mineral exploration and development seasons in the last 20 years, the mineral industry is madly preparing its personnel and equipment all across the state. Despite the late season snows and unusually cool temperatures being experienced as this summary is being written, many of Alaska's exploration programs are either under way or will be sometime in early May. Competition for funds within and between companies remains fierce as projects in the U.S., Canada, Europe,...
December, January and February are normally a time when the mining industry can stop and catch its collective breath, look into its often cloudy but well-used crystal ball and prepare for the coming year. Not so the last December, January and February! While 2004 results continued to pour in from projects large and small, plans for 2005 are well advanced and in some cases, already in full swing. Metals prices remained strong and even the most pessimistic prognosticators...
