The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 276 - 293 of 293
The Bornite deposit at Trilogy Metal Inc.'s Upper Kobuk Mineral Projects in Northwest Alaska contains 77 million pounds of cobalt, according to a maiden resource estimate published by the company on June 5. This significant cobalt resource, among the largest in North America, is a by-product to the roughly 6.4 billion lb of copper that has been outlined so far at this world-class deposit in the Ambler Mining District. Trilogy Metals anticipates that a US$10 million...
PolarX Ltd. is ready to kick off the initial phase of its 2018 drill program at its Alaska Range copper-gold project. Encompassing the Stellar and Caribou Dome properties, the Alaska Range blankets a 22-mile mineralized trend that hosts Zackly, a high-grade skarn deposit with roughly 91 million pounds of copper and 213,000 ounces of gold; Caribou Dome, a sediment-hosted deposit with 280 million pounds of copper; and numerous exploration targets. The initial 23-hole program...
11 is shaping up to be a pivotal year for the Palmer copper-zinc-silver-gold project in Southeast Alaska. A roughly US$9 million exploration program outlined by Constantine Metal Resources Ltd. on May 10 proposes not only the annual tradition of resource expansion and new discoveries but also plans to provide the first peek into the economics of mining the copper- and zinc-rich volcanogenic massive sulfide deposits found there so far. Being carried out by a joint venture...
U.S. Army Corps of Engineers' April 27 filing of the final Environmental Impact Statement for Donlin Gold is a major milestone along the roughly six-year journey to obtain the permits needed to develop a world-class mine at the 39-million-ounce gold project in the heart of the Kuskokwim Gold Belt in Southwest Alaska. "The filing of the Donlin Gold EIS is a major step forward in unlocking the enormous value of our uniquely attractive gold asset," said Novagold Resources Inc....
There has never been anything ordinary about the Peak Gold (formerly Tetlin) project, or the companies that are exploring the high-grade gold skarn deposits found there. In a move that continues this tradition of extraordinary, Royal Gold Inc. has acquired a 13.6 percent stake in Contango ORE Inc. Neither of these companies are your prototypical mineral explorer and their involvement in the Peak Gold project continues to defy the norms for the industry and their own operating...
A US$28.7 million financing that closed today provides Trilogy Metals Inc.the funds to take major strides in achieving its goal of beginning to develop the vast mineral potential that the world-class Ambler Mining District in Northwest Alaska has to offer. In a deal announced on April 16, a syndicate of underwriters led by Cantor Fitzgerald Canada Corp. –including Cormark Securities Inc., BMO Capital Markets and Roth Capital Partners – has agreed to buy on a bought deal, und...
After trekking roughly 71 miles across Alaska's Interior on a winter trail west from Delta Junction, Australia-based White Rock Minerals Ltd. has delivered the drill, camp and other supplies needed to explore the zinc-rich volcanogenic massive sulfide deposits and prospects at its Red Mountain project in the Bonnifield Mining District. "The company is very excited about the potential for its globally significant high-grade zinc VMS project at Red Mountain," said White Rock CEO...
While Pogo has surpassed its original life expectancy of 10 years and 3 million ounces of gold, the air of excitement emanating from the miners, geologists and management indicates that mining is just getting started at this high-grade underground gold mine in the heart of Alaska's Interior. Churning out 271,273 oz of gold from roughly 950,000 tons of ore in 2017, Pogo is on pace to pour its 4-millionth ounce of gold early in 2019 and based on current estimates would have enou...
Born from an idea to create a vehicle that could provide Alaska businesses lower interest rates offered by tax-exempt financing, the Alaska Industrial Development and Export Authority, or AIDEA, has been doing its part to create jobs and bolster Alaska's economy for five decades. "Fifty years ago, the Alaska State Legislature created the Alaska Industrial Development and Export Authority, to develop, encourage, and improve the economic potential and welfare of the people of...
FAIRBANKS – 2018 marks the 75th anniversary of Alaska's longest lived mining operation, the Usibelli Coal Mine Inc.'s coal mining operations near Healy – a monumental milestone honored by the mining community during the Alaska Miners Association Biennial Spring Conference in Fairbanks. "I guess as far as 75 years ago, that's a pretty amazing number when you think about it and in some ways we're a survivor and success is a combination of a lot of hard work and a lot of luc...
The prefeasibility study for the Arctic deposit in Northwest Alaska details plans for a financially robust mine that is expected to produce 1.9 billion pounds of copper, 2.4 billion lb of zinc, 405 million lb of lead, 367,531 ounces of gold and 40.2 million oz of silver over an initial 12-year mine life. The mine outlined in the PFS is based on 43.04 million metric tons of probable reserves averaging 2.32 percent copper, 3.24 percent zinc, 0.57 percent lead, 0.49 grams per...
The 1-millionth ounce of gold was poured from the Walter Creek Arctic Heap Leach facility at Kinross Gold Corp.'s Fort Knox Mine in Interior Alaska on Jan. 24. "This is a great milestone for Fort Knox and has been an instrumental part of extending the life of the property. I see our Arctic Heap Leach as a testament to our commitment to innovation as a company," said Fort Knox General Manager Eric Hill. "My thanks goes out to the many folks that have helped achieve this...
With 13 holes drilled in 2017, CopperBank Resources Corp. has added more than 160 million pounds of copper to its Pyramid project on the Alaska Peninsula. "For a small investment in 2017, our team was able to significantly increase the scale, confidence and quality of the project," CopperBank Executive Chairman Gianni Kovacevic said upon the Feb. 2 release of an updated resource for Pyramid. Kovacevic has been a strong advocate for copper as a "green metal" that will see...
After investigating locations across the United States to host its first Strategic Metals Complex, or SMC, Ucore Rare Metals Inc. has decided that a Southeast Alaska town with a Pacific Rim port is the ideal place to build the cutting-edge rare earths processing facility. "Engineering and economic studies have confirmed that Ketchikan is our preferred location to construct our first strategic and critical metals separation facility," said Ucore Vice President of Operations...
The U.S. Environmental Protection Agency's Jan. 26 decision to not lift its proposed restriction on Pebble does not prevent the world-class copper mine project from being thoroughly vetted under federal permitting process. While EPA has chosen to leave the 2014 pre-permitting restrictions it attempted to impose against Pebble on the table, these limits do not prohibit the permitting process. A federal judge ordered a stay on the implementation of EPA's proposed determination...
With fresh funds in the bank and partners exploring the gold, copper and silver projects it has generated in Alaska, British Columbia and Mexico, Millrock Resources Inc. is positioned well for 2018. As a project generator, Millrock is leveraging its team's geological expertise by identifying and acquiring promising mineral projects, completing preliminary exploration aimed at bolstering the their potential and then vending them to partners to fund the more advanced stages of...
The permitting process for the world-class Pebble copper-gold-molybdenum mine in Southwest Alaska is officially underway. With this monumental milestone comes the first real look at the new Pebble Mine plan, an engineering feat that the Pebble Partnership believes strikes a balance between environmental footprint and sound economics. "There is a sweet spot in which you can drive down the footprint size and still reach a rate-of-return that makes sense," Pebble Partnership CEO...
With the price for an ounce of gold pushing back above US$1,300 to ring in the new year – along with zinc and copper selling at multi-year highs and trending higher – 2018 is shaping up to be a good year for Alaska's mining sector. Together, zinc and gold account for more than 80 percent of the value of metals mined in Alaska – silver and lead account for most of the balance. While there is currently no significant copper production in Alaska, the Far North state hosts signi...
