The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Could top 17M oz during 2023 with contribution from Keno Hill Mine. With consistently strong production at its Greens Creek Mine in Alaska and a surge at its Lucky Friday Mine in Idaho, Hecla Mining Company shot through the top of its 2022 silver production guidance to 14.2 million ounces of this precious metal that is in high demand for clean energy technologies. "Hecla is the fastest growing silver producer with a 40% increase in production since 2018. This sustainable...
To better match the world-class size of its Graphite Creek deposit in Alaska to the enormous demand for the graphite going into lithium-ion batteries powering the electric vehicle revolution, Graphite One Inc. is considering a significantly larger advanced graphite materials supply chain in the United States. Last year, S&P Global Platts forecast that by 2030 it will take 5 million to 6 million metric tons of graphite to meet annual global demand for this carbon material that...
Strategic Metals Ltd., a longtime project generator in the Yukon, is helping to spur industry interest in the prospectivity of the territory's southwestern region for critical minerals as more explorers undertake projects in this underexplored region. Strategic optioned 70% ownership interest in Hopper, a 74 square-kilometer (28.6 square miles) multi-target porphyry copper-molybdenum project with significant copper-gold-silver peripheral skarn mineralization to CAVU Mining...
Following an AU$45 million (US$31.6 million) infusion of cash in July, Vital Metals Ltd. has gone through some significant changes that are being reflected in a new strategy that slows the ramp-up of production at the company's rare earths separation plant in Saskatchewan and focuses the company's resources on expanding production at its Nechalacho Mine in Canada's Northwest Territories. Shortly following this financing anchored by AU$30 million (US$21 million) contributed by...
Li-FT Power Ltd., a relatively new junior exploration company led by a team with a track record of discovering and financing mineral projects, has acquired an exciting hardrock lithium project that covers most of the Yellowknife Pegmatite Province in Northwest Territories. The Yellowknife lithium project covers at least 14 pegmatites – igneous rocks with exceptionally large crystals that are the major source of hardrock lithium worldwide – on mineral leases that are 30 kil...
C$200M financing package provides cash needed to restart operations at Northern BC gold-silver mine. Having pulled together a C$200 million (US$147 million) financing package, Ascot Resources Ltd. is now positioned to begin commissioning the mill at Premier by this time next year and reach commercial production at the gold-silver mine in Northern British Columbia early in 2024. The company had originally planned to begin a new era of mining at Premier by now but was unable to...
Says pending veto of Pebble copper mine permits sets a precedent with implications that go beyond Alaska. Alarmed by the precedent that would be set if the U.S. Environmental Protection Agency is successful in issuing a preemptive veto of the Pebble Mine through the extension of its authority under the federal Clean Water Act, Gov. Mike Dunleavy says his administration is prepared to defend Alaska's right and obligation to develop resources on state lands. "The State of...
On the heels of its successful Macmillan Pass zinc-lead exploration play in eastern Yukon Territory, Fireweed Metals Corp. is making a bid to expand its project portfolio in what may be an astute move. Studying the region's geology, the junior jumped territorial boundaries to stake nearly 129 square kilometers (50 square miles) of lapsed claims covering all historic showings and anomalies of the historical Gayna River zinc-lead-gallium-germanium project in Northwest...
An updated preliminary economic assessment for Pebble shows that a US$60 million royalty investment deal between Northern Dynasty Minerals Ltd. and an unnamed investor has a minimal impact on the economics of the proposed mine at the world-class copper project in Southwest Alaska. You can read about the sudden investment at Surprise $60 million investment for Pebble in the July 29, 2022, edition of North of 60 Mining News. "In the updated technical report we have detailed the...
As Alaska-based company preps for 2023, Alaska Delegation calls for swift Ambler Road resolution. After spending this summer preparing for its initial drill program at the Sun copper-zinc-silver-gold project in Northwest Alaska, Valhalla Metals Inc. commends the Alaska Delegation's support for the proposed Ambler Road that would run right by this potential domestic source of green energy metals that lies along the route to the Arctic Mine project to the west. According to a...
The U.S. House Transportation & Infrastructure Committee released a report accusing proponents of the proposed Pebble copper mine in Southwest Alaska of carrying out a 'bait and switch' permitting scheme designed to evade regulations and develop an open pit mine in the watershed of Bristol Bay, Alaska. Chair of the Committee Rep. Peter DeFazio (D-OR), and Chair of the Subcommittee on Water Resources and Environment Rep. Grace F. Napolitano (D-CA) released a report titled, "NO...
Miner fatality at Brucejack puts a hold on plans to ramp up Golden Triangle mining. Newcrest Mining Ltd.'s Red Chris and Brucejack mines in British Columbia's Golden Triangle produced 101,636 ounces of gold and 19.2 million pounds of copper during the third quarter of 2022. The precious and base metals output at the Australia-based company's two Northern BC operations, however, was overshadowed by an Oct. 22 fatality at Brucejack, the newest addition to Newcrest's portfolio....
In response to an increasing number of precious metals investors wanting to know that the bullion they are buying is responsibly sourced, the Royal Canadian Mint has introduced its first gold bullion coin completely sourced from a single operation – Agnico Eagle Mines Ltd.'s Meliadine mine in Nunavut. "Agnico Eagle is proud to be a partner of choice as a trusted source of responsibly produced gold for the Royal Canadian Mint's first-ever single-source mined gold bullion c...
A shortage of the graphite required for the lithium-ion batteries powering the transition to electric mobility is elevating the criticality of Graphite One Inc.'s plans to develop a mine in Alaska and advanced graphite processing and recycling facility in the Pacific Northwest. "Our strategy is to build a complete graphite anode supply chain – from mine to battery – located in the United States," said Graphite One CEO Anthony Huston. "And to complete the circular economy for...
Every January, except for that year when COVID pandemic lockdowns necessitated a virtual attendance, thousands of professionals involved and associated with mineral exploration come together in Vancouver, British Columbia, for the Association for Mineral Exploration's annual Roundup conference and trade show. AME Roundup 2023 – "Critical to Our Future" – will highlight the critical role mineral exploration plays in discovering orebodies that feed global supply chains with the...
Snowline Gold is unveiling an exciting new gold district in Canada’s Yukon. A little over 18 months after its organization, Snowline Gold Corp., a junior mining company with deep prospecting roots in Yukon Territory and savvy investment partners with deep pockets, is emerging as one of northern Canada's most active and enticing gold explorers. In March, the company outlined plans for its 2022 field season, citing exploration of prospective zones in its flagship 7...
Top objectives of new state office offers benefits for Alaska’s mining industry. Alaska's mining sector stands to benefit from a new Office of Energy Innovation established by Gov. Mike Dunleavy in two ways – policies and investments that support low-cost and low-carbon sources of energy to power mines, and the development of a strong critical minerals mining program in the state. "Alaskans need energy supplies that are stable and secure," said Akis Gialopsos, acting com...
With the Greens Creek Mine in Alaska exceeding expectations, along with continued strong output from the Lucky Friday silver mine in Idaho and Casa Berardi gold mine in Quebec, Hecla Mining Company has raised its outlook for the production of both silver and gold during 2022. "Hecla reported another strong quarter of operational performance from all three mines as Greens Creek achieved record throughput for the quarter, Lucky Friday's quarterly production continued to exceed...
Study shows mine is feasible, could be enhanced with more exploration. A scoping study provides the first glimpse of potential mines at the Zackly and Caribou Dome deposits on PolarX Ltd.'s Alaska Range copper-gold project. Spanning a roughly 22-mile- (35 kilometers) long stretch of its namesake cordillera, the Alaska Range project is rich in copper and gold deposits and occurrences. The two most advanced of these are Zackly, a high-grade gold-copper-silver skarn deposit that...
Alaska-focused Valhalla Metals lists on TSX-V, raises C$10.2M Rick Van Nieuwenhuyse, a longtime Alaskan geologist renowned for founding and serving as the top executive of both Novagold Resources Inc. and Trilogy Metals Inc., has launched yet another publicly traded company focused on exploring Alaska's incredible mineral potential – Valhalla Metals Inc. Originally formed as a private company in 2018, Valhalla picked up two high-grade volcanogenic massive sulfide projects a...
Federal agency is accepting public input on second Ambler Road EIS until Nov. 4 After months of uncertainty, the United States Bureau of Land Management has provided some clarity to the plans to carry out further review of the Ambler Access Project – a proposed 211-mile road that would link Ambler Metals' Upper Kobuk Mineral Projects (UKMP) in Northwest Alaska to the Dalton Highway. BLM, the U.S. Army Corps of Engineers, and the National Park Service issued a joint record o...
Continuing a trend of supporting mineral exploration with its cutting-edge artificial intelligence and machine learning software, Minerva Intelligence Inc. has carried out a case study on the Lone Star gold zone on Klondike Gold Corp.'s Eldorado property in the Dawson Creek Mining District of Yukon, Canada. Evaluated using Minerva's DRIVER software, Klondike Gold says it was extremely impressed with the results. "The close agreement between DRIVER's model extents and...
HighGold drilling expands gold-rich Ellis Zone north of 1M oz JT Deposit. With the latest batch of assay results showing the drills are continuing to cut broad layers of high-grade gold at Ellis Zone, it appears that HighGold Mining Inc. is beginning to outline a second gold-rich polymetallic deposit at its Johnson Tract project in Southcentral Alaska. JT, the first deposit outlined on the 20,942-acre Johnson Tract property, hosts 3.49 million metric tons of indicated...
Whether on purpose or by accident, Fireweed "just can't stop finding zinc." Whether it is expanding zinc-lead-silver resources on its flagship Macmillan Pass project in the Yukon, gaining a better understanding of its newly acquired Mactung tungsten project straddling the Yukon-Northwest Territories, or carrying out reconnaissance exploration of its recently staked Gayna River zinc-lead-gallium-germanium project wholly in NWT, Fireweed Metals Corp. is having a successful...
Felix hits gold at Treasure Creek; Resolution awaits more assays from Tourmaline Ridge Australian mineral exploration companies have been busy this summer with drill programs targeting gold prospects on the Treasure Creek and 64North projects that Millrock Resources Inc. has generated in Alaska's Fairbanks and Goodpaster mining districts. Treasure Creek is one property that makes up an enormous land package that Millrock and Felix Gold Ltd. have accumulated in the Fairbanks...
