The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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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...
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...
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...
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...
Following a couple of quiet months where Alaska's mining industry focused on its work, the last month has seen an explosion of new info come out regarding that effort, some of it profound in its potential immediate, near-term and long-term implications. For example, one of Alaska's largest mines was sold to a new owner at a surprisingly low cost per ounce. The results of a robust new preliminary economic analysis were tabled by an advanced gold-silver exploration project...
White Rock Minerals Ltd. Sept. 24 said the latest batch of results from drilling shows significant expansions to the Dry Creek zinc-lead-silver-gold deposit at its Red Mountain project in Alaska. Located about 60 miles south of Fairbanks, the Red Mountain property hosts two established volcanogenic massive sulfide deposits – Dry Creek and West Tundra Flats – and 30 exploration targets. An Australian Joint Ore Reserves Committee- (JORC) compliant calculation completed last yea...
White Rock Minerals Ltd. Sept. 20 announced the conclusion of its exciting inaugural exploration program at the zinc-rich Red Mountain volcanogenic massive sulfide project about 60 miles south of Fairbanks, Alaska. The 4,111 meters of drilling and regional exploration carried out this year expanded the two historical and high-grade VMS deposits already identified on the property and made similar new discoveries that demonstrate the district-scale potential of Red Mountain....
Underscoring the interconnected nature of the global mining market, not 48 hours after the John S. McCain National Defense Authorization Act was signed into law, the mining industry began wondering out loud how they were going to produce rare earth element, tungsten, tantalum and molybdenum in the near future. Why these metals and why the worry now? Because one of the many impacts the Defense Authorization Act will have on the U.S. economy is its ban on the U.S. Department of...
White Rock Minerals Ltd. Aug. 20 reported high-grade zinc grades were encountered in a second hole at the Hunter discovery on the company's Red Mountain project in Alaska. Hunter was discovered during a reconnaissance exploration program seeking new volcanogenic massive sulfide prospects across White Rock's 35,300-acre Red Mountain property. While mapping and sampling an area about 5,200 meters southeast of Dry Creek, one of two zinc-lead-copper-gold-silver deposits on the...
White Rock Minerals Ltd. Aug. 6 reported that drilling has tapped massive sulfide mineralization at the recently discovered Hunter prospect on the company's Red Mountain project about 60 miles south of Fairbanks, Alaska. Hunter was discovered during a reconnaissance exploration program that has already identified several new volcanogenic massive sulfide prospects across White Rock's 35,300-acre Red Mountain property. While mapping and sampling of this area about 5,200 meters s...
White Rock Minerals Ltd. Aug. 1 reported that its reconnaissance exploration has identified several new volcanogenic massive sulfide prospects across its 35,300-acre Red Mountain property in Interior Alaska. The most exciting of these discoveries is Hunter, where a two-foot massive sulfide outcrop rich in sphalerite (zinc mineralization) and galena (lead mineralization) has been discovered. White Rock Minerals said the massive sulfide discovered at Hunter extends for more...
Although the Alaska mineral industry is in better health in the middle of 2018 than it has been in the last five years, the spirited recovery that was in progress in the first quarter of the year is now looking more like a dead-cat bounce – a minor recovery after a long down trend. This is particularly true of the exploration sector. Reviewing the Alaska minerals industry, you will note that several exploration projects are only now commencing their 2018 exploration p...
White Rock Minerals Ltd. July 10 announced that Sandfire Resources NL, a mid-tier Australian mining company that operates the high-grade DeGrussa copper-gold mine in Western Australia, plans to make a significant investment in White Rock's Red Mountain, a zinc enriched volcanogenic massive sulfide project about 60 miles south of Fairbanks, Alaska. "White Rock welcomes Sandfire as a strategic partner and cornerstone investor that shares White Rock's vision for the exploration...
White Rock Minerals Ltd. July 4 reported exceptional grades in the first two holes targeting the down plunge extension of mineralization in the Discovery and Fosters lenses of the Dry Creek volcanogenic massive sulfide deposit on the Red Mountain project in Interior Alaska. Hole DC18-77 cut 4.26 meters averaging 4.8 percent zinc, 2.3 percent lead, 1,435 grams (46.1 ounces) per metric ton silver, 2.2 g/t gold and 0.5 percent copper – this is the equivalent of 43.2 percent z...
The summer field season is in full bloom across Alaska with programs stretching from the Brooks Range to southeastern Alaska, and from the Yukon border to southwestern Alaska. Exploration targets range from grassroots to mine-site, focused on commodities including gold, silver, lead, zinc, copper, cobalt and graphite. For Alaska's exploration industry, planned, announced and estimated expenditures are well over the $100 million mark for 2018. This expenditure level is well...
White Rock Minerals Ltd. June 5 reported that massive sulfide mineralization was tapped in two of the first three holes drilled this year at Red Mountain, a zinc enriched volcanogenic massive sulfide project about 60 miles south of Fairbanks, Alaska. Last year, Australia-based White Rock commissioned a resource calculation for the two main deposits at Red Mountain – Dry Creek and West Tundra Flats – that meets modern reporting standards. This maiden Australian Joint Ore Reserv...
One of the most common complaints I hear from companies and individuals working in the mineral industry in Alaska is our deplorable lack of modern, usable-scale digital geophysical and geologic maps. How bad is it? Consider this: the U.S. Geological Survey has estimated that less than 2 percent of Alaska has acceptable geophysical data coverage, and less than 20 percent has been geologically mapped at a scale useful to evaluate the state's mineral resources. Nobody will deny...
White Rock Minerals Ltd. May 10 said crews have begun mobilizing to its Red Mountain property in preparation for an early start to exploration at this zinc rich volcanogenic massive sulfide project about 50 miles west of Delta Junction in Interior Alaska. "A lot of preparation has gone into the planning for the commencement of field activities as early as possible in the 2018 field season. It is great to see all the hard work coming together as field crews begin to mobilize...
The six platinum group elements – platinum, palladium, rhodium, ruthenium, iridium, and osmium – are amongst the rarest metals on Earth. This scarcity, coupled with PGEs' uses in the automotive, petrochemical and electronics industries, has this group of metals firmly planted on the United States Geological Survey's critical minerals list. "PGEs are indispensable to many industrial applications but are mined in only a few places," USGS inked in a 2017 report on platinum gro...
After trekking roughly 71 miles across Alaska's Interior on a winter trail west from Delta Junction, Australia-based White Rock Minerals Ltd. has delivered the drill, camp and other supplies needed to explore the zinc-rich volcanogenic massive sulfide deposits and prospects at its Red Mountain project in the Bonnifield Mining District. "The company is very excited about the potential for its globally significant high-grade zinc VMS project at Red Mountain," said White Rock CEO...
Canada is the world's top destination for mining exploration spending, attracting more than 14 percent of global budgeted expenditures from explorers seeking to tap the country's vast mineral wealth. Yet in 2017, the three huge mineral-rich territories to the north, Nunavut, Northwest Territories and Yukon Territory, lured only about C$360 million, or less than one-fifth of the roughly $2.1 billion that junior and senior mining companies invested in mineral exploration and dep...
More than three dozen explorers chased lucrative mineral deposits in Yukon Territory in 2017 and most of these junior and senior companies returned to the northern jurisdiction this year to take another crack at hitting the jackpot. Known for its rich and storied gold mining history as well as its rugged mountain peaks, Yukon is roughly 15 percent larger than California, covering more than 482,000 square kilometers (186,272 square miles). Split off from the Northwest...
Thanks to its own rich mineral endowment, Australia is a juggernaut in the world of mining, especially across the Southern Hemisphere. Over the past couple of years, however, a growing number of Aussie mining companies are looking north to Alaska, another minerals-rich land way north of the Equator. At least four Aussie juniors – White Rock Minerals Ltd., PolarX Ltd., Nova Minerals Ltd. and Riversgold Ltd. – and three Australia-based metals producers – South32 Ltd., North...
Thanks largely to increased investments from Aussie mining explorers, mineral exploration spending across Alaska topped US$100 million in 2018. This is well above the roughly US$95 million invested last year and nearly double the US$58 million spent at the bottom of the market in 2015. "Canadian and Australian companies continue to be the source for the bulk of funds spent in Alaska in 2018, together comprising well over 80 percent of the exploration expenditures earmarked...
Australia-based White Rock Minerals Ltd. set its sights on Alaska's vast and underexplored mineral potential when it acquired Red Mountain, a zinc-rich volcanogenic massive sulfide project about 60 miles south of Fairbanks, in 2016. While the two main deposits at Red Mountain – Dry Creek and West Tundra Flats, or WTF – had more than 120 historical holes drilled into them when White Rock acquired the property, a deposit had not been defined to modern reporting standards unt...
