The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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White Gold Corp. June 19 announced the start of a 17,000-meter core drill program on three of its properties in the Yukon – JP Ross, White Gold and QV. "The goal of this diamond drill program is threefold: to continue to expand Golden Saddle-Arc's established resources, to follow up on JP Ross's exciting high-grade Vertigo discovery last season and to grow the recently acquired and underexplored VG deposit," said White Gold Corp. CEO David D'Onofrio. The diamond core d...
Auryn Resources Inc. is gearing up test intriguing drill targets that artificial intelligence has generated on the Committee Bay gold project in Nunavut. "We are looking forward to turning the drills again at Committee Bay and to offer our shareholders the possibility of a major high-grade gold discovery using cutting-edge artificial intelligence applications," said Auryn Resources Executive Chairman Ivan Bebek. At roughly 390,000 hectares (964,000 acres) Committee Bay is a...
At a time when electric vehicles are driving the need for increased nickel, Garibaldi Resources Inc. is unveiling an extremely high-grade deposit of this battery metal at its Nickel Mountain project about 18 kilometers (11 miles) southwest of the historic Eskay Creek Mine in the heart of British Columbia's Golden Triangle. "Increasingly, Nickel Mountain represents an important new discovery within the Eskay Rift," said Peter Lightfoot, a technical advisor to Garibaldi and...
Washington D.C.'s increased interest in securing a steadfast supply of critical minerals may prompt further advancement at Ucore Rare Metals Inc.'s Bokan Mountain, a Southeast Alaska project that hosts seven of the 35 minerals, metals and groups of elements that are considered critical to the United States. A federal interagency report published earlier this month by the U.S. Department of Commerce, "A federal strategy to ensure secure and reliable supplies of critical...
Lundin Mining Corp. has agreed to invest AU$4.3 million (US$3 million) to acquire 14.3 percent of PolarX Ltd. shares, a deal that gives the Canada-based miner an option to earn a 51 percent interest in the Australia-based junior's Stellar copper-gold project in Alaska. Lundin Mining is a global base metals miner with copper, nickel and zinc operations in Chile, United States, Portugal and Sweden. The Toronto, Ontario-based miner also holds a 24 percent stake in the Freeport...
The U.S. Department of Commerce June 4 released "A federal strategy to ensure secure and reliable supplies of critical minerals," an interagency report that outlines a government-wide action plan to ensure the United States has secure and reliable supplies of critical minerals. Department of Commerce was charged with spearheading this report under Executive Order 13817, which was signed by President Donald Trump late in 2017. Trump's critical minerals executive order...
In a deal that is good for the buyer, seller and the Yukon, Capstone Mining Corp. has agreed to sell the Minto copper mine to United Kingdom-based Pembridge Resources PLC. "The sale of the Minto mine is very good news all around. Capstone will no longer incur the expense of having the mine on care and maintenance, and the recommencement of operations will be positive for Minto employees, contractors and the local economy," said Capstone Mining President and CEO Darren Pylot....
When it comes to rare earths, China has a strategy that goes beyond using these high-tech elements as ammunition for the next salvo in a trade war with the United States. This strategy, which was set into motion around 1980, involves gaining an advantage in high-tech manufacturing by controlling the first three links of the rare earth element supply chain – mining, processing and value-added manufacturing. Over the ensuing four decades, the Middle Kingdom has gained a near m...
Triumph Gold Corp. is making significant, new strides toward unlocking the geological secrets of Freegold Mountain, a district-scale property that could produce one of the richest copper-gold resources yet discovered in the Yukon. The Canadian and Yukon governments, meanwhile, are moving forward with a joint effort to spur mine development in the Dawson Range where the Freegold Mountain project is located along with many others, including the Casino copper-gold and Coffee...
With at least five companies investing heavily in securing ground, acquiring royalties and drilling at and around the Pogo Mine, Goodpaster Mining District has emerged as the hottest destination for gold exploration in Alaska during 2019. The US$30 million to US$40 million Australia-based Northern Star Resources Ltd. is investing in exploration at its newly acquired Pogo Mine alone would be enough to make Goodpaster the most explored district in Alaska this year. "We've got 12...
Tectonic Metals Inc. plans to leverage Alaska's underexplored gold potential to create "the number one mineral exploration company in the world." While this is a lofty goal, Tectonic Metals is led by an executive team that is renowned for the mineral exploration, mining and business skills required to achieve the company's vision. Tony Reda, former vice president of corporate development of Kaminak Gold Corp., is the president and CEO of Tectonic Metals. He is joined by Eira T...
It is somewhat ironic that the lithium-ion batteries that power the growing number of zero emissions electric vehicles traveling global highways are driving the need for carbon – graphitic carbon to be exact. Despite lithium's top billing, lithium-ion batteries require roughly eight times more graphite. Graphite Creek in western Alaska hosts huge stores of graphitic carbon and Graphite One Inc., the company advancing this project, has initiated a pilot-scale program aimed a...
Since its formation in 1999, Seabridge Gold Inc. has amassed very large gold resources and reserves while keeping a watchful eye on the number of shares it has issued. In its 2018 annual report, this Toronto-based exploration company said this has positioned the company well in a world of dwindling gold reserves. "The simple truth is that the industry is not finding gold at the rate it needs to. We are," Seabridge Gold Chairman and CEO Rudi Fronk penned in the report. Over...
Crown-Indigenous Relations and Northern Affairs Canada (CIRNAC) has sold the abandoned Mount Nansen Mine to Alexco Environmental Group and JDS Energy and Mining. Mount Nansen is the site of a historical gold and silver mine that was owned by BYG Natural Resources Inc. Unable to meet the requirements of its water license, BYG ceased mining and appointed a receiver who abandoned the property in 1999. Situated about 60 kilometers (37 miles) west of the community of Carmacks and...
U.S. Sen. Lisa Murkowski (R-Alaska) and Joe Manchin (D-West Virginia) have teamed up to introduce bipartisan legislation aimed at addressing America's "Achilles' heel" – a heavy dependence on foreign countries for its growing mineral needs. "Our nation's mineral security is a significant, urgent, and often ignored challenge. Our reliance on China and other nations for critical minerals costs us jobs, weakens our economic competitiveness, and leaves us at a geopolitical d...
As the Pebble Limited Partnership advances the Pebble copper-gold-molybdenum project through the permitting process, environmental groups opposed to the proposed mine are employing a wide arsenal of tactics to impede the progress. In its latest volley, Earthworks, an environmental non-governmental organization (ENGO), has requested that the British Columbia Securities Commission (BCSC) and the U.S. Securities and Exchange Commission (SEC) investigate whether Northern Dynasty...
An alliance formed nearly two years ago between Evrim Resources Corp. and a Newmont Mining Corp. subsidiary may be paying off for the busy junior, given Newmont's recent decision to designate for option a promising gold project that the duo identified in western Northwest Territories. The alliance focused on a 23,250-square-kilometer (8,975 square miles) prospective land package that parallels the NWT-Yukon Territory border in hopes of finding world-class carbonate-style gold...
The United States Department of Labor's Mine Safety and Health Administration (MSHA) April 16 announced the availability of up to $400,000 in funding through its Brookwood-Sago grant program to support education and training to help identify, avoid, and prevent unsafe working conditions in and around U.S. mines. Brookwood-Sago grants focus on powered haulage safety – such as reducing vehicle-on-vehicle collisions, increasing seat belt use, and improving belt conveyor safety ...
By this time next year, Pebble Partnership could be holding the first of dozens of permits it will need to begin developing a mine at its enormous copper-gold-molybdenum deposit in Southwest Alaska, according to Sheila Newman, deputy chief of the regulatory division, U.S. Army Corps of Engineers – Alaska District. The timing or issuance of permits, however, are not guaranteed – permitting a large mine in the United States is a long process. Newman said the testimony being gat...
In less than a decade, Northern Star Resources Ltd. has built a multi-billion-dollar mining company by breathing new life into aging underground gold mines in Australia. Now, the Perth-based company is applying the same strategy that has proven so successful at home to its newly acquired Pogo gold mine in Interior Alaska. Shaun McLoughney, Northern Star's general manager at Pogo, however, cautions that the changes necessary to the long-term success of the underground gold...
While neither Barrick Gold Corp. or Novagold Resources Inc. have officially announced plans to proceed with the development of Donlin Gold, there are indications that partners are leaning toward a positive decision on this 39-million-ounce gold mine project in Southwest Alaska. "With permitting largely complete, we are shifting more focus on integrating scoping-level optimization work into a study that will serve as the basis for an updated project development plan," Novagold...
With a pre-feasibility study that details a small but financially robust mine, Alexco Resource Corp. is ready to ramp up mining at its Keno Hill Silver District project in the Yukon. "The results of the PFS reflect the exceptional asset we have in Keno Hill and demonstrate a robust high margin primary silver operation that can produce approximately 4 million ounces of silver per year," said Alexco Resource Chairman and CEO Clynt Nauman. At an average rate of about 430 metric...
The quest for diamonds at the Kennady North project next door to the Gahcho Kué Mine in Northwest Territories got a boost on Feb. 27 when owner Mountain Province Diamonds Inc. reported plans to begin its 2019 winter exploration program on the 67,432-hectare property. Kennady North covers a portion of the southeastern Slave Geological Province in Northwest Territories within the Kelvin-Faraday Corridor, a northeast-southwest structural feature that continues to the southwest an...
White Rock Minerals Ltd. is preparing for a US$4.3 million exploration program at its zinc- and precious metals-rich Red Mountain project in Alaska, thanks to an option agreement with fellow Australian miner, Sandfire Resources NL. Under the option agreement, Sandfire can earn up to a 70 percent joint venture interest in the Red Mountain property by investing US$21.6 million into Red Mountain and completing a pre-feasibility study for developing a mine at the volcanogenic mass...
StrikePoint Gold Inc. March 20 announced it has entered into a definitive agreement to acquire Willoughby, a gold-silver project about 30 kilometers (19 miles) east of Stewart, from ArcWest Exploration Inc. An intrusion related gold-silver project with similarities to IDM Mining Ltd.'s Red Mountain Mine project about seven kilometers (four miles) to the west, Willoughby is the second Golden Triangle property StrikePoint added to its portfolio in as many years. The other,...
