The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 50 of 182
White Rock Minerals Ltd. this week reported that exploration crews have discovered a new gold prospect near the Last Chance target on its Red Mountain project and drills have tapped an extension of the Hunter volcanogenic massive sulfide zinc discovery at the eastern end of this 323-square-mile (836 square kilometers) multimineral project in Alaska. "White Rock has a plethora of exploration opportunities across its contiguous Last Chance-Red Mountain project in central...
White Rock Minerals Ltd. is carrying out the largest exploration program at Red Mountain, an already district-scale project in Alaska that keeps getting bigger as the Australian explorer continues to find more zinc, silver, and gold mineralization on the outskirts of this now 323-square-mile (836 square kilometers) land package. By late May, White Rock had already begun a more than 10,000-meter drill program that is testing both intrusive-related gold targets at the Last...
Accounting for at least US$100 million invested in mineral exploration and mine development in Alaska during 2021, Australian companies continue to work along the entire breadth of the Last Frontier's mining industry – from discovery to doré. Following a year in which COVID-19 protocols and travel restrictions made exploring Alaska challenging, especially for companies headquartered half a world away, this impressive investment in Alaska's mining sector demonstrates that Do...
White Rock Minerals Ltd. May 24 reported the start of a planned more than 10,000-meter drill program at its Red Mountain base and precious metals project in Alaska. The large program will include three diamond drill rigs testing for both intrusive related gold at the Last Chance prospect and expanding upon the high-grade silver-zinc-gold-lead volcanogenic massive sulfide mineralization at Red Mountain. The first of the three rigs are now turning at Dry Creek, a silver-rich VMS...
White Rock Minerals Ltd. April 21 announced the closing of a roughly A$8.8 million (US$6.8 million) financing, which will fund the Australian company's largest exploration program so far at the Red Mountain project in Alaska. The expanded 2021 program at Red Mountain will include three diamond drill rigs testing for both intrusive related gold at the Last Chance prospect and expanding up upon the high-grade silver-zinc-gold-lead volcanogenic massive sulfide mineralization at R...
White Rock Minerals Ltd. April 12 said it plans to carry out 10,000 meters of drilling this year to expand upon and explore the zinc, lead, silver, and gold potential across its 308-square-mile (798 square kilometers) Red Mountain project in Alaska. This program will involve three drill rigs focused on expanding the silver-rich volcanogenic massive sulfide mineralization already outlined in the Dry Creek and WTF deposits at Red Mountain, as well as the intrusive related gold...
From the first glimpse of a potential new discovery to watching the first load of ore pour into a new mill, mineral explorers working in Yukon Territory during 2020 reported experiencing the full gamut of mining highs. Encouraged by the commissioning of the Eagle Gold Mine, government grants for exploration projects, and metals prices, dozens of juniors rushed to the Yukon to chase prospects in the northern territory. "Based on the historic trends, coming into 2020, it looked... Full story
White Rock Minerals Ltd. and AuStar Gold Ltd. Feb. 2 announced plans to merge into a larger mining company with a world-class portfolio of assets that include the large Red Mountain silver-zinc-gold-lead and Last Chance gold projects in Alaska, and a portfolio of exploration to producing gold assets in Australia. Under the arrangement proposed by the two companies, White Rock will acquire AuStar by issuing 0.78 White Rock shares for every AuStar share issued to shareholders....
Strong metal prices and an infusion of cash from notable resource investors helped to salvage much of a 2020 mineral exploration season in Alaska that became lethargic with disruptions, delays, and shelving of field programs infected by the COVID-19 pandemic early in the year. At its onset, 2020 was looking like it would be the best year for Alaska's mining sector in a decade. Australia-based mining companies were slated to invest nearly US$100 million in mineral exploration... Full story
White Rock Minerals Ltd. focused its 2020 exploration in Alaska on a potentially large gold system at Last Chance, a large target toward the western end of the Australian mineral explorer's Red Mountain property in Alaska. While Red Mountain is best known for its zinc-rich volcanogenic massive sulfide deposits and occurrences, this 308-square-mile (798 square kilometers) property about 60 miles (100 kilometers) south of Fairbanks lies within the Tintina Gold Belt, a... Full story
White Rock Minerals Ltd. Dec. 21 announced that 2020 stream sediment sampling identified a large, robust gold anomaly west of the Last Chance gold target on the company's Red Mountain project in Alaska. Best known for its zinc-rich volcanogenic massive sulfide (VMS) deposits and occurrences, the 308-square-mile (798 square kilometers) Red Mountain property lies within the Tintina Gold Belt, a particularly gold-rich province that sweeps across Canada's Yukon Territory and...
The six platinum group elements – platinum, palladium, rhodium, ruthenium, iridium, and osmium – have one foot firmly planted in the realm of precious metals while the other is firmly established in the industrial sectors. While being amongst the rarest metals on the planet already makes PGE's highly valued for jewelry and bullion, their applications in the automotive, petrochemical, and electronics industries are catalysts that drive the price of these industrious pre... Full story
Due to their vital importance to American manufacturing and the fact that 100% of U.S. supply comes from overseas, primarily China, rare earth elements top the list of minerals and metals deemed critical to the United States. When the U.S. Geological Survey plugged in 52 critical mineral commodities into a recently developed supply risk tool, six rare earth elements – dysprosium (No. 1), yttrium (No. 2), neodymium (No. 3), lanthanum (No. 5), cerium (No. 6) and praseodymium (... Full story
In addition to dealing a major blow to the economy, the COVID-19 pandemic has shined a spotlight on a chink in the United States' economic and security armor – an overreliance on foreign countries for the minerals and metals that lie at the frontend of American supply chains. "The COVID-19 pandemic has shown how delicate our supply chains are and that should be a wakeup call for all of us," Senate Committee on Energy & Natural Resources Chair Lisa Murkowski, R-Alaska, said dur... Full story
Golden Sky Minerals Corp. (formerly Luckystrike Resources Ltd.) Dec. 10 reported promising results from its 2020 drilling at Hotspot, a 46.4-square-kilometer (17.9 square miles) gold exploration on the Yukon side of the Alaska-Yukon border. Hotspot is situated along the Big Creek fault, a regional-scale fault system that hosts numerous porphyry and orogenic gold deposits in Alaska and the Yukon. The closest such deposit is Taurus, a porphyry copper-gold-molybdenum deposit on...
White Rock Minerals Ltd. Sept. 15 reported that it tested the Last Chance gold discovery with 1,990 meters of drilling in eight holes before a blanket of snow marked the end of the 2020 exploration season at its Red Mountain project in Alaska. "Considering the Last Chance gold target started as a stream sediment anomaly earlier this year, our 2020 field season accomplished a lot," said Quinton Hennigh, a technical advisor to White Rock Minerals. Best known for its zinc-rich...
Ten years ago, Yukon Territory witnessed a minor stampede of mineral explorers, hoping to cash in on new gold discoveries in the White Gold District south of Dawson City. A decade later, gold hunters are again targeting prospects across the northern Canadian territory, drawn by the recent successful startup of a new gold mine at Victoria Gold Corp.'s Dublin Gulch Property east of Dawson City in central Yukon as well as discoveries of other rich aurum deposits in Yukon.... Full story
Tectonic Metals Inc. June 25 announced that it has added a new gold property in the Goodpaster Mining District and acquired a dataset that will assist the company's exploration across this gold-rich region of Alaska's Interior. The new property, known as Maple Leaf, is roughly nine miles (15 kilometers) northeast of Tectonic's Tibbs project and about 31 miles (50 kilometers) east of Northern Star Resources Ltd.'s Pogo gold mine. The Tectonic team staked this 11,840-acre...
White Rock Minerals Ltd. June 10 said a team of geologists is slated to explore the Last Chance prospect in preparation for the first drilling at this gold discovery on the company's Red Mountain project in Interior Alaska. A detailed regional stream sediment program carried out last year led to the discovery of Last Chance, which is located on the west end of White Rock's 216-square-mile (559 square kilometers) property about 60 miles (100 kilometers) south of Fairbanks. Whil...
White Rock Minerals Ltd. April 5 said that despite the market uncertainty and travel restrictions related to COVID-19, it intends to carry out at least a limited drill program to expand zinc mineralization and test a new gold discovery on its Red Mountain property in Alaska. "As an exploration company, we understand what it is like to operate in uncertain times with uncertain outcomes," said White Rock Minerals Managing Director Matt Gill. "Work is still progressing, and we...
White Rock Minerals Ltd. Jan.28 announced the discovery of a large gold anomaly at Red Mountain, an expansive Alaska mineral exploration project better known for the zinc-rich volcanogenic massive sulfide deposits found there. Two VMS deposits on the Red Mountain property – Dry Creek and West Tundra Flats (WTF) – host 9.1 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 5.8 percent (1.17 billion pounds) zinc; 2.6 perc...
With two Australian companies making major investments and several exploration companies from Down Under chomping at the bit to get into the field, 2020 is shaping up to be the best year for Alaska's mining sector in a decade. When you add up the investments South32 Ltd. plans to make in the Ambler Mining District and other exploration projects; Northern Star Resources Ltd.'s spending at the Pogo gold mine; and the exploration dollars at least five other Aussie companies are... Full story
As the year winds down, mineral industry evaluations for 2019 are being published at a rapid rate. One of the most interesting such global reviews is EY Global Mining and Metals' 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 stated that, for the second straight year, "social license to operate" remains the number one risk facing mining companies in 2020. This was... Full story
White Rock Minerals Ltd. Nov. 4 reported that it has tapped high-grade zinc mineralization that indicates a major expansion of the Dry Creek deposit at its Red Mountain volcanogenic massive sulfide deposit in Alaska. Two VMS deposits on the Red Mountain property – Dry Creek and West Tundra Flats (WTF) – host 9.1 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 5.8 percent (1.17 billion pounds) zinc; 2.6 percent (51...
White Rock Minerals Ltd. July 22 said sampling carried out this year has provided further evidence of a potentially large gold system at the Last Chance target on the Australian mineral exploration company's Red Mountain property in Alaska. While Red Mountain is best known for its zinc-rich volcanogenic massive sulfide (VMS) deposits and occurrences, this 308-square-mile (798 square kilometers) property about 60 miles (100 kilometers) south of Fairbanks lies within the...
