The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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The Association for Mineral Exploration will recognize 11 leaders who have made significant contributions to the mineral exploration and development industry during the AME Roundup 2022. "The AME Celebration of Excellence Awards recognize the achievements of individuals who contribute to successfully finding, funding and building safe and responsible mineral exploration and development projects," explained AME Chair Jill Tsolinas. The 2021 Celebration of Excellence Awards...
With a new outbreak of COVID-19 cases, the ongoing coronavirus pandemic continues to be a challenge for the Gahcho Kué diamond mine in Canada's Northwest Territories. When it comes to the mining sector, diamond producers were particularly hard hit by the pandemic, which has now endured for nearly two years. In addition to the COVID-19 restrictions and protocols that challenged all businesses, diamond miners faced the closure of diamond trading floors that cut off traditional...
With the rise of the Omicron variant and the 13 presumptive COVID-19 cases at its Meliadine and Hope Bay gold mines in Nunavut, Agnico Eagle Mines Ltd. is sending its Nunavummiut (Nunavut residents) workforce home with pay for at least three weeks. In March of 2020, at the onset of the coronavirus pandemic, Agnico made a similar decision to send its Nunavummiut workers home for at least four weeks. "We value our relationship with the people of Nunavut and are committed to do...
Graphite One Inc. enters 2022 with growing momentum as the company rapidly advances the largest known and highest-grade graphite deposit in the United States toward development as the transition to electric mobility and renewable energy is powering new demand for the advanced graphite materials it plans to produce. "Despite the challenges of COVID on the business climate and all aspects of operations, Graphite One raised more than C$30 million in capital, completed a...
Impressed by the wide sections of high-grade gold encountered by drilling and encouraged by positive input from Alaska stakeholders and regulators, top executives at Barrick Gold Corp. and Novagold Resources Inc. have decided to advance the world-class Donlin Gold project up the value chain. This decision to update the feasibility study for developing a mine at the 39-million-ounce Donlin Gold project follows September workshops that included Barrick and Novagold executive...
Considered a major milestone along the path to new mining jobs and economic opportunities for the Nisga'a Nation and others that live in and around the town of Stewart, British Columbia, Ascot Resources Ltd. has been issued the permit needed to begin a new era of mining at its Premier gold project. "This project will be a welcome source of employment for hundreds of people who live in the Northwest," said BC Minister of Energy, Mines and Low Carbon Innovation Bruce Ralston....
In a move welcomed by investors, ValOre Metals Corp. plans to return to Nunavut to resume exploring its Angilak uranium project in 2022. A district-scale property covering a 59,483-hectare (146,982 acres) expanse in south-central Nunavut, Angilak hosts drill-confirmed uranium mineralization along 40 kilometers (25 miles), including the prospective 3,000- by 1,500-meter Lac 50 Trend and multiple un-drilled targets property-wide. ValOre says the Lac 50 Trend deposits comprise...
In a deal that will consolidate two advanced mineral exploration properties in the Kitsault Valley area south of Stewart, British Columbia, Dolly Varden Silver Corp. has agreed to acquire Fury Gold Mines Ltd.'s Homestake Ridge gold-silver project for roughly C$50 million. "The decision to vend Homestake is a difficult one given the exploration upside and our positive outlook for the commodity markets," said Fury Gold Mines Chair Ivan Bebek. "However, we feel that bringing the...
Looking to strengthen the gold mine platform it is building in Nunavut, Agnico Eagle Mines Ltd. is investing roughly US$33 million into exploring its three main assets in the Canadian territory – Meliadine mine, Meadowbank Complex, and the recently acquired Hope Bay mine. This robust investment in Nunavut is part of US$163 million of exploration the company has budgeted for all of its assets, which is substantially higher than the US$113 million invested in exploration d...
Valhalla Metals Inc., a privately held junior mining company focused on the exploration of the Sun and Smucker properties in Alaska's Ambler Mining District, may soon have easier access to funding through a merger with SolidusGold Inc., a company listed on the TSX Venture Exchange. Under a tentative agreement announced on Nov. 29, Solidus would acquire Valhalla through an exchange of shares that would result in current Valhalla shareholders owning 80% of the resulting company...
After more than a decade of advancing multiple precious and base metals deposits and targets across its more than 49,000-acre Illinois Creek Mining District property as a private company, Western Alaska Copper & Gold is now a public junior explorer listed on the TSX Venture Exchange. Western Alaska Minerals Corp., the new name for the mineral exploration company, became listed on the TSX.V on Nov. 15 through a reverse takeover merger with the already listed 1246779 B.C. Ltd....
In a deal that bolsters certainty for the future of the Diavik Mine and Northwest Territories' economy, Rio Tinto has acquired full ownership of this iconic diamond operation in Canada's Arctic. Rio Tinto's 40% partner in Diavik, Dominion Diamond Mines, filed for insolvency protection under the Canadian Companies' Creditors Arrangement Act at the height of the COVID pandemic in 2020. "The CCAA filing was necessitated primarily by the impact of the COVID-19 pandemic," Dominion...
In a bid to add the Brucejack Mine to its operations in British Columbia's Golden Triangle, Newcrest Mining Ltd. has entered into an agreement to pay roughly C$3.5 billion (US$2.8 billion) to acquire Pretium Resources Inc. "We are delighted to be expanding our presence in this highly prospective region in British Columbia," said Newcrest Mining CEO Sandeep Biswas. "Brucejack is a tier one mine in a tier one jurisdiction and will deliver immediate production, free cash flow...
Early results from the 2021 drill program at KSM project support Seabridge Gold Inc.'s concept of mining more gold-rich reserves from open pits at the Snowfield and Mitchell deposits prior to the start of underground block cave mining at this world-class gold-silver-copper project in British Columbia's Golden Triangle. Lying immediately east of Mitchell, one of four deposits on Seabridge's KSM property, Snowfield hosts 1.37 billion metric tons of measured and indicated...
Alaska once again finds itself joining other states in asking the U.S. Supreme Court to rein in a broadened definition of "waters of the United States," or WOTUS, a federal environmental rule that could significantly impact the management of private and public property across the Last Frontier. WOTUS has been a concern for Alaska and many other states since the Obama administration set out to broaden the definition of U.S. waters in 2014, a move that would significantly...
As another signal foreshadowing the growing demand for graphite, the Pentagon has added this lithium-ion battery ingredient to its newest National Defense Stockpile Acquisitions List. Published by the U.S. Defense Logistics Agency on Oct. 4, this list calls for DLA's strategic materials department to acquire up to 900 metric tons of graphite to store in government stockpiles over the coming year. Primary reasons for the Department of Defense to have a graphite stash for its ow...
There will be impressive financial returns for any mining company that develops a mine at the Kutcho copper-zinc project in Northern British Columbia, according to a feasibility study prepared for Kutcho Copper Corp. "The feasibility study represents a major milestone for Kutcho Copper as we continue to advance the high-grade Kutcho copper-zinc project towards a development decision," said Kutcho Copper President and CEO Vince Sorace. Located about 120 kilometers (75 miles)...
In an announcement with language indicative of a predetermined decision, the U.S. Environmental Protection Agency Nov. 17 announced it has set a timeframe for considering new information available to determine the next steps in the Bristol Bay Clean Water Act Section 404(c) process for the Pebble copper mine project in Southwest Alaska. The agency says a finalized CWA 404(c) determination will help protect waters over the long term that are essential to commercial,...
A 65,000-metric-ton-per-day operation at the Livengood mine project in Alaska would produce 6.4 million ounces of gold over a 21-year span, or an average of around 304,750 oz per year, according to an updated prefeasibility study released by International Tower Hill Mines Ltd. on Nov. 4. Lying alongside a paved highway about 70 miles north of Fairbanks, the Money Knob deposit at Livengood hosts 704.5 million metric tons of measured and indicated resources averaging 0.4 grams...
NorZinc Ltd. appears headed into the home stretch in its decades-long marathon to bring to production the Prairie Creek zinc mine project in southern Northwest Territories. The junior, formerly Canadian Zinc Corp., Oct. 21 reported completion of an updated preliminary economic assessment of the zinc, lead, and silver mineralization that it hopes to mine and mill at a rate of 2,400 metric tons per day. NorZinc said the PEA lays the groundwork for a new feasibility study for...
Challenged by a spike of COVID cases in Alaska and unplanned downtime due to a failure of the primary conveyor that delivers ore to the mill, Northern Star Resources Ltd.'s Pogo Mine in Alaska produced less gold at higher costs during the first quarter of the Australian miner's fiscal year 2022, which began on July 1. These hurdles came at a time when crews were commissioning mill upgrades that will expand production rates to 1.3 million metric tons per year, which is a 30%...
A block cave mine at the Red Chris project in British Columbia's Golden Triangle is forecast to produce 316,000 ounces of gold annually over the first six years at a cost of negative US$144/oz after accounting for the value of the 80,000 metric tons of copper also recovered each year, according to a prefeasibility study published by Newcrest Mining Ltd. on Oct. 11. The Australian miner says this engineering and economic study validates its belief that Red Chris is an ideal...
While one hole does not make a deposit, the long section of strong gold mineralization in Nova Minerals Ltd.'s fifth hole at the RPM North prospect on its Estelle project in Alaska is a superb start. Situated about 16 miles (25 kilometers) south of Korbel, where Nova has outlined 4.7 million ounces of gold in 518 million metric tons of inferred resource averaging 0.3 grams per metric ton gold, RPM is a high-priority target that Nova has been anxious to drill. One hole drilled...
Leveraging its expertise in exploring for Arctic-type volcanogenic massive sulfide deposits in the Ambler Mining District, Trilogy Metals Inc. exploring for similar high-grade polymetallic deposits on three groups of claims east and west of the Upper Kobuk Mineral Project in Northwest Alaska. Being advanced by a joint venture equally owned by Trilogy and South32 Ltd., UKMP is a 427,690-acre land package that includes state and patented claims covering a 75-mile-long stretch...
Agnico Eagle Mines Ltd. and Kirkland Lake Gold Ltd. have announced plans to merge into a major mining company slated to produce 3.4 million ounces of gold this year. With similar market capitalizations and gold production profiles in Canada and other politically stable jurisdictions, the deal is considered a merger of equals that would create a company with a market cap of around US$23 million based on a slight drop in share prices of both companies following the merger announ...
