The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 151 - 175 of 293
Restructured and under new leadership, Heatherdale Resources Ltd. is gearing up for a drill program to expand some of the high-grade targets at its Niblack copper-gold-silver-zinc project on Prince of Wales Island in Southeast Alaska. Heatherdale, which had advanced Niblack to the brink of considering the feasibility of mining the high-grade volcanogenic massive sulfide mineralization found there, became hampered by debt during the economic hardships endured by the junior...
Kenorland Minerals Ltd., which has been exploring the Tanacross porphyry copper-gold project in eastern Alaska as a private company for several years, is now a publicly listed company with a strong treasury and extensive portfolio of mineral exploration projects in Quebec and Alaska. "We are extremely excited to begin this next chapter of Kenorland Minerals," said Kenorland Minerals President and CEO Zach Flood. "The company has grown significantly since our inception in 2016...
Peak Gold LLC, a joint venture between Kinross Gold Corp. (70%) and Contango ORE Inc. (30%), have agreed to invest US$18 million during 2021 to carry out the work needed to complete a feasibility level study for establishing a mine at Peak Gold project in eastern Alaska. Toward a new strategy of acquiring high-grade gold from projects across Alaska to provide feedstock for the mill at its Fort Knox Mine about 25 miles north of Fairbanks, Kinross acquired a 70% JV interest in...
Northern Dynasty Minerals Ltd. says the US Army Corps of Engineers' rejection of the compensatory mitigation plan submitted for the Pebble Mine project in Southwest Alaska is unlawful, unprecedented in Alaska, and unsupported by the administrative record. "I am very confident in saying I believe our CMP is both compliant with the Clean Water Act and fully responsive to the Corps' demand. So, we were shocked when they found our plan to be non-compliant, and even more so that...
With it becoming increasingly apparent that Joe Biden will be confirmed as the 46th President of the United States, Alaska Sen. Lisa Murkowski believes the coming years will be "interesting times" for the state's resource sectors. "There is near certainty that he is going to be taking office on Jan. 20, 2021," Alaska's senior senator said, referring to Biden, during the Resource Development Council for Alaska annual convention. "If he follows through on some of his campaign...
As Americans were preparing for the most unusual Thanksgiving holiday in memory, Australia-based Nova Minerals Ltd. announced results from the "most important" hole drilled to date at Estelle and the raising of A$21 million (US$15.5 million) to fund the ongoing exploration of this rapidly expanding gold project about 100 miles (160 kilometers) northwest of Anchorage, Alaska's largest city. Korbel, a growing gold resource area at the north end of the 85-square-mile (220 square...
Contending that the U.S. Army Corps of Engineers' decision to deny the major federal permit needed to develop the proposed Pebble Mine in Alaska goes against the record established during the permitting process, Northern Dynasty Minerals Ltd. Intends to pursue every appeal available to set the record straight. "It is our view that this decision, the process by which it was reached and the facts upon which it is based stand as a significant outlier from standard USACE...
In a major setback for building a mine at the largest undeveloped deposit of copper, gold, and rhenium known to exist on Earth, the U.S. Army Corps of Engineers has denied federal permits for the Pebble project in Southwest Alaska. Pebble has been roiled in controversy, largely due to its proximity to the Bristol Bay watershed, which hosts a world-class salmon fishery. Pebble proponents have said a modern mine could be developed that co-exists with fishery, while opponents...
As a private company, Western Alaska Copper & Gold Company has done a great job steadily advancing the multiple precious and base metals deposits and targets across its 34,000-acre Illinois Creek Mining District property in western Alaska. Given the success of this work, especially a 2020 program that indicates the viability of resuming operations at the historic Illinois Creek gold-silver mine, management is taking the exploration company public on Canada's TSX Venture Exchan...
Pebble Limited Partnership has submitted a compensatory mitigation plan for Pebble, which is the final piece needed for the U.S. Army Corps of Engineers to finalize a record of decision for the world-class copper-gold-molybdenum-silver-rhenium mine project in Southwest Alaska. Following publication of a Final Environmental Impact Statement for Pebble in July, the Army Corps sent Pebble Partnership a letter that details the need for "in kind" and "in watershed" mitigation for...
A highly anticipated and long-awaited batch of assay results show that Freegold Ventures Ltd.'s 2020 drill program at Golden Summit continues to tap bonanza grade gold along with the very wide sections of bulk tonnage mineralization for which the property is known. Located about 25 miles north of Fairbanks, Alaska and on the north border of Kinross Gold Corp.'s Fort Knox gold mine property, Golden Summit hosts 61.5 million metric tons of indicated resource averaging 0.69 g/t...
Despite a two month suspension of activities and other challenges related to protecting workers and local communities from COVID-19, Donlin Gold LLC managed to exceed its planned drilling at its 39-million-ounce gold project in the Yukon-Kuskokwim region of Southwest Alaska. "I'd like to congratulate the joint venture team, as well as thank our Native corporation partners, Calista Corporation and The Kuskokwim Corporation, on successfully completing drilling despite the...
Ambler Metals LLC plans to invest US$27 million to advance the Upper Kobuk Mineral Projects in Northwest Alaska during 2021. The budget and program approved by equal partners in Ambler Metals – Trilogy Metals Inc. and South32 Ltd. – will primarily focus on the work required to ready the Arctic Mine project to enter permitting during the second half of 2021. According to a feasibility study finalized earlier this year, the Arctic deposit in Alaska's Ambler Mining District det...
In the few months since taking the helm at Contango ORE Inc., Rick Van Nieuwenhuyse has steered this unconventional mineral exploration company toward being the 30% owner of Alaska's next million-ounce gold producing mine. This coming mine at Contango ORE's Peak Gold deposit quickly surpassed Donlin Gold, Livengood, and other top contenders for Alaska's next large gold operation when Kinross Gold Corp. acquired a 70% interest in the high-grade gold project and unveiled a...
Kinross Gold Corp.'s new long-term strategy for its Fort Knox Mine is a paradigm shift for mineral exploration companies with gold projects on or near the road system within a 300-mile-radius of the iconic gold operation about 20 miles north of Fairbanks, Alaska. Under this new operating plan, Kinross is looking for Alaskan projects that can deliver high-grade ore to the underutilized 14-million-metric-ton-per-year mill at Fort Knox. "There is an economic radius around Fort...
A look at Kinross Gold Corp.'s newly optimized strategy for Fort Knox indicates that the iconic mine about 20 miles north of Fairbanks, Alaska will be producing upwards of 400,000 ounces of gold per year for most of the coming decade. The global gold producer introduced its new plans for Fort Knox during an Oct. 20 presentation that provided a more in-depth look into its plan to increase companywide gold output by 500,000 oz/year by 2023. This production growth strategy,...
Ucore Rare Metals Inc., which has set a plan in motion to begin producing rare earth elements in Alaska by 2023, has shipped more than 1.5 metric tons of material from its Bokan Mountain project to Innovation Metal Corp.'s RapidSX facility in Ontario for concentration and REE separation testing. Ucore acquired Innovation Metals earlier this year and is operating the company as a subsidiary to further advance RapidSX technology for the separation and purification of rare earth...
The U.S. Geological Survey and Association of American State Geologists have approved $1.1 million of funding for mapping and geological surveys aimed at gaining a better understanding of Alaska's critical minerals potential. This funding includes $634,000 in grants to the Alaska Division of Geological & Geophysical Surveys for geologic mapping and geochemical analyses for an area of the Western Tanacross region near Alaska's eastern border with Canada's Yukon; and $500,000...
A pitch to deep-pocketed investors about the potential to develop a world-class mine at the Pebble copper project in Alaska turned out to be a clandestinely videotaped sting operation that compromised the integrity of Pebble Limited Partnership CEO Tom Collier. A pair of operatives for the Environmental Investigation Agency, a United Kingdom-based environmental group, posed as representatives of a Hong Kong-based investment firm with links to a company owned by the Chinese...
Pogo Mine owner Northern Star Resources Ltd. continues its growth with the proposed merger with fellow Australian gold miner Saracen Mineral Holdings Ltd. In an all-shares deal announced on Oct. 5, the two companies will merge into the world's eighth largest gold producer, with a market capitalization of US$11.5 billion (A$16 billion) and gold producing assets in Australia and Alaska. Under the proposed deal, Saracen shareholders will receive 0.3763 Northern Star shares for...
Kinross Gold Corp. has agreed to pay US$93.7 million to buy a 70% stake in the Peak Gold project near the crossroads town of Tok in eastern Alaska, an acquisition slated to deliver high-grade feedstock to the mill at Kinross' Fort Knox Mine near Fairbanks. "The relatively high-grade, low-cost Peak Gold project is an excellent addition to our portfolio, as it allows us to leverage our existing mill and infrastructure at Fort Knox and strengthens our medium-term production and...
Graphite One Inc. Oct. 1 said President Donald Trump's declaration that the United States' heavy reliance on foreign nations for critical minerals is a national emergency highlights the importance of the company's plans to establish a domestic graphite supply chain by developing a mine at its Graphite Creek deposit in Alaska. The U.S. is 100% dependent on imports for graphite, which is currently the primary anode material in the lithium-ion batteries that power smartphones,...
Doyon Ltd. is seeing a resurgence of mineral exploration on its lands across Interior Alaska, especially on gold properties held by the Alaska Native Claims Settlement Act regional corporation. Running the breadth of Alaska between the Brooks Range to the north and Alaska Range to the south, the Doyon region blankets a mineral-rich swath of Alaska's Interior that is nearly the size of Texas. Doyon itself, owns 12.5 million acres of land within this vast region, making it the...
With the price of gold at the threshold of US$2,000 per ounce and expected to climb higher, Kinross Gold Corp. plans to increase its global gold production by 20% over the next three years. And upping the gold output at its Fort Knox Mine a few miles north of Fairbanks, Alaska is expected to be a key contributor to this plan. Currently on pace to produce roughly 2.4 million oz of gold this year, Kinross is advancing a production growth strategy that is forecast to boost the...
Tectonic Metals Inc. has cut a deal with Doyon Ltd. that significantly expands its gold exploration properties in Alaska's Goodpaster Mining District and strengthens its mutually beneficial partnership with the Interior Alaska Native regional corporation. "We are committed to our goal of finding the next Alaskan gold mine and providing economic and social benefits to the communities in which we work and operate," said Tectonic Metals President and CEO Tony Reda. Under an agree...
