The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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While many of its peers are struggling to find money to continue exploration at their promising mineral prospects and deposits, Constantine Metal Resources Ltd. has managed to forge ahead with hefty programs at its copper- and zinc-rich Palmer project in Southeast Alaska. This includes C$7.13 million invested in exploring the volcanogenic massive sulphide deposit in 2014. Last year's program, funded by Dowa Metals & Mining Co. Ltd., along with drilling completed at Palmer in...
Viewed by many as a dangerous expansion of authority, marketed by the U.S. Environmental Protection Agency as simply a clarification of water protection rules already in place, the proposed "Clean Water Rule" has emerged as a primary point of contention between many U.S. lawmakers and the EPA. This dispute was crystal clear when EPA Administrator Gina McCarthy faced U.S. Sen. Lisa Murkowski, R-Alaska, during a recent hearing of the Senate Interior Appropriations Subcommittee... Full story
For nearly two decades, the Fort Knox Mine in Interior Alaska has been a steady low-cost gold producer for owner, Kinross Gold Corp., and an economic driver for the nearby city of Fairbanks. A new technical report, however, outlines a mine plan that begins winding down operations in 2017. It is an important reminder that this Interior Alaska mine has an expiration date. Including the 387,285 ounces recovered in 2014, Fort Knox has produced 6.35 million oz of gold since the... Full story
With intercepts of up to 5.9 ounces per short ton gold over widths of more than six feet, Redstar Gold Corp.'s first round of 2015 drilling at Unga is reminiscent of the long history of this high-grade gold project in Southwest Alaska. Located on an island just off the Alaska Peninsula, Redstar's Unga property blankets two parallel trends of high-grade epithermal gold veins that each extend for more than 4.5 miles across the southeast corner of Unga Island. The Apollo-Sitka... Full story
As chairman of the U.S. Senate Energy and Natural Resources Committee, U.S. Sen. Lisa Murkowski, R-Alaska, provides the 49th State a strong voice when mining issues are discussed on Capitol Hill. Her chairmanship of a lesser known appropriations subcommittee that holds the checkbook for the Environmental Protection Agency and Interior Department, however, also is proving to be a powerful weapon in reigning in what many consider as overreach by these regulatory bodies. "The...
The world's mining industry has once again transmogrified itself in the face of changing global metals markets and investor expectations. In a recent Reuters report, several companies, including Newmont Mining Corp., Goldcorp Inc. and Yamana Gold Inc., were singled out as having taken steps to bring smaller, leaner, lower output projects into production to avoid the cost over-runs which have plagued the large multibillion-dollar projects in recent years. The same large mine... Full story
Ucore Rare Metals Inc.'s exploration endeavors are proving successful - not only in expanding the heavy rare earth elements-enriched deposit at the Bokan Mountain Project in Southeast Alaska, but in discovering new technologies that advance rare earth refinement into the 21st Century. Hoping to cash in on this success, a "high net-worth" American investor recently tendered a US$1 million down payment toward royalties offered by Ucore. These royalties will not come from the...
A group of mining companies June 9 unveiled a massive consolidation of gold exploration properties spanning much of Canada, from Quebec to Yukon Territory. The deal involves the merger of five gold exploration companies - Oban Mining Corp., Eagle Hill Exploration Corp., Temex Resources Corp., Corona Gold Corp. and Ryan Gold Corp. - backed by funding and technical support from Osisko Gold Royalties Ltd. Ryan Gold President and CEO Mark Goodman said, "I am very pleased to bring...
WestMountain Gold Inc. has cut a debt-restructuring and financing deal that will allow it to continue to mine for high-grade gold at its Terra Project located at the southwestern end of the Alaska Range. "We are pleased to announce that we are commencing operations at the Terra Project for the 2015 mining season, and we look forward to building on our success from last year's production," said WestMountain CEO Greg Schifrin. Over the previous three seasons, WestMountain has... Full story
Did the U. S. Environmental Protection Agency secretly collaborate with environmental activists to contrive and execute a plan to roadblock the enormous Pebble copper-gold-molybdenum project? This is the question that U. S. District Court Judge H. Russel Holland in Anchorage is trying to answer after hearing May 29 arguments from both sides. The Pebble Limited Partnership alleges that EPA worked behind the scenes with lawyers, scientists, non-governmental agencies and other an... Full story
Citing a need to ensure clean drinking water, the Obama administration May 27 unveiled new rules that broadens what is considered the Waters of the United States and, thereby, pushing the U.S. Environmental Protection Agency's Clean Water Act authority further upstream. President Barack Obama said the new measures - which add wetlands and small tributaries to the navigable waters protected under the Clean Water Act - are needed to protect sources of drinking water for some 117...
I recently returned from the Geological Society of Nevada's once-every-five-years Symposium in Reno and was surprised to learn a number of things regarding Alaska, despite the symposium's tight focus on the Great Basin of the western United States. First off, mineral exploration guru Brent Cook presented information suggesting we have reached and are "bumping along" the bottom of the current metals market slump. Reminded me of an overloaded fixed-wing aircraft bumping down the...
With a significant deposit of heavy rare earths in the Southeast, the largest domestic graphite deposit in the Northwest, and vast potential in the 1,300-mile expanse between the two, Alaska is a viable alternative to importing many of the strategic and critical minerals vital to national security, green energy and modern technology. "The State of Alaska is blessed with vast mineral potential on its lands," Alaska Department of Natural Resources Deputy Commissioner Ed Fogels t...
The United States is richly endowed with a broad range of metals and minerals critical to national security, green energy and modern technology but is often overly-reliant on foreign sources for these same commodities. This was the resounding message from miners, manufacturers, regulators and analysts who testified on U.S. Senate Bill 883, "The American Mineral Security Act of 2015." Introduced by Sen. Lisa Murkowski, R-Alaska, S.883 aims to reduce the United States' heavy...
While many of its peers are struggling to find money to continue exploration at their promising mineral prospects and deposits, Constantine Metal Resources Ltd. has managed to forge ahead with hefty programs at its copper- and zinc-rich Palmer project in Southeast Alaska. This includes C$7.13 million invested in exploring the volcanogenic massive sulphide deposit in 2014. Last year's program, funded by Dowa Metals & Mining Co. Ltd., along with drilling completed at Palmer in...
Alaska Lt. Gov. Byron Mallott spent this week getting a firsthand look at trans-boundary water issues from the British Columbia side of the border, where a number of mines are being proposed on water systems that feed rivers that run through Southeast Alaska. "These rivers are key to Southeast Alaska's way of life, including Native cultures, community economies, recreation and subsistence, and, of course, its profitable seafood and tourism industries that employ thousands of... Full story
Viewed by many as a dangerous expansion of authority, marketed by the U.S. Environmental Protection Agency as simply a clarification of water protection rules already in place, the proposed "Clean Water Rule" has emerged as a primary point of contention between many U.S. lawmakers and the EPA. This dispute was crystal clear when EPA Administrator Gina McCarthy faced U.S. Sen. Lisa Murkowski, R-Alaska, during a recent hearing of the Senate Interior Appropriations Subcommittee... Full story
In a move that provides the cash needed to advance a feasibility study for the Arctic project in Northwest Alaska, NovaCopper has agreed to purchase Sunward Resources Ltd., a Vancouver, B.C.-based mining exploration company with a copper-gold asset in Columbia and roughly US$20 million in the bank. Over the several weeks leading up to the April 23 announcement of the potential merger, the value of Sunward's stock has hovered at roughly US$13 million, substantially less than...
Alaska miners are taking U.S. Department of Interior Secretary Sally Jewell to task over recent comments she made that suggest mining is prolific on federal lands in Alaska. Following a speech to the Center for American Progress, a liberal think-tank based in Washington, D.C., Jewell told Alaska Public Radio Network Correspondent Liz Ruskin that "much" of mining in Alaska is done on federal lands. The Alaska Miners Association said this assertion contradicts what is actually... Full story
With a mild winter for most of Alaska behind us and an early spring in progress over much of the state, spring fever has once again laid its grip on the mining industry. A number of exploration and development programs are slated for the summer season, suggesting the mining industry has finally started to rise from the three-year miasma that has gripped it worldwide. A couple of macro-scale items also are pointing toward a more robust industry. The U. S. Geological Survey's...
Having established that the Graphite Creek deposit in western Alaska is so massive that a mine could ship out 50,000 metric tons of graphite per year for centuries, Graphite One is now narrowing its focus to study the graphitic carbon found on the property. This new emphasis is on upgrading a segment of the enormous resource already identified to a category in which mining economics can be considered and analyzing the graphite to ascertain whether it fits the needs of...
The Kensington gold mine in Southeast Alaska is set to produce more gold at lower costs in the coming years, according to a new plan published by owner Coeur Mining Inc. "Our recent success identifying high-grade mineralization near existing Kensington infrastructure has added higher-margin production to our mine plan and significantly improved the expected economics of the mine," Coeur Mining President and CEO Mitchell Krebs explained. The highest grade portion of this newly...
It has been nearly four years since any significant exploration has been carried out at the Whistler property, but a preliminary deal for Kiska Metals Corp. to sell it could mean a renewed focus on this copper-gold project in Southcentral Alaska. Under a non-binding agreement reached April 9, Alternative Earth Resources Inc. would acquire full ownership of Whistler in exchange for issuing Kiska 24.5 million of its shares, which would represent half of the company's shares upon... Full story
Northern Empire Resources Corp. has laid claim to Richardson, a 52,000-acre gold property in Alaska's Interior and has formed an alliance to begin exploring a segment of this vast parcel. Northern Empire is a prospect generator with early-stage gold properties in Alaska and Nunavut and a silver property in Mexico. The company was formed as part of a restructuring of Prosperity Goldfields Corp., a Nunavut-focused exploration company headed by Adrian Fleming. As part of a re-org... Full story
From Washington D.C. and Ottawa to Juneau and Victoria, Alaska officials are engaging their Canadian counterparts about new generation of northwestern British Columbia mines that could potentially be built upstream of Southeast Alaska. This possible development of a number of copper, gold and other metal mines in Canada's westernmost province has troubled conservationists, fisherman and others in Southeast Alaska for years. The August 2014 tailings dam collapse at the Mount Po...
