The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 176 - 200 of 1209
Teck Resources Ltd. April 26 reported that severe snowstorms impacted first quarter zinc production and revenues from its Red Dog Mine in Northwest Alaska. During the first three months of this year, Red Dog produced 126,200 metric tons (278 million pounds) of zinc, which is 4% lower than the 131,600 metric tons (290.1 million lb) produced during the same period of 2022. First quarter lead production at Red Dog was 23,100 metric tons (50.9 million lb), roughly 7% higher than...
U.S. GoldMining Inc. May 30 announced that it has mobilized crews for an up to 10,000-meter phase-one drill program at the Whistler gold-copper project about 100 miles northwest of Anchorage, Alaska. According to a 2021 calculation, the 53,700-acre Whistler property hosts 118.2 million metric tons of indicated resource averaging 0.51 grams per metric ton (1.94 million ounces) gold, 2.19 g/t (8.3 million oz) silver, and 0.16% (422 million pounds) copper; plus 317 million...
Felix Gold Ltd. May 30 announced the start of an infill drill program aimed at establishing a maiden resource for the NW Array target on the company's Treasure Creek gold-antimony project about 20 miles north of Fairbanks, Alaska. After completing an A$10 million (roughly US$7 million) initial public offering and listing on the Australian Securities Exchange at the beginning of 2022, Felix launched its first drilling at Treasure Creek with shallow reverse circulation holes at...
Grande Portage Resources Ltd. March 15 announced it has signed a drilling agreement with NASCO Industrial Services and Supply for its upcoming 2023 diamond drill program at the Herbert Gold project in Southeast Alaska. Hoping to make up for its 2022 program, Grande Portage has shifted its most prospective targets planned from the year before to this year. "Our 2022 began late due to unforeseen contractor and supply chain delays," Grande Portage Resources President and CEO Ian...
Contango ORE Inc. May 18 reported that it has secured a loan of up to US$70 million to fund its share of the construction, operation, and other expenses required to achieve the first gold pour at the Manh Choh mine project in Alaska. Being advanced by Peak Gold LLC, a joint venture between Kinross Gold Corp. (70%) and Contango (30%), the Manh Choh Mine is expected to produce roughly 1 million gold-equivalent oz, which includes the value of both the gold and silver, over an...
Nova Minerals Ltd. May 16 announced that crews and equipment have been mobilized to Estelle for a planned 15,000-meter drill program that will primarily target the higher-grade gold identified in the RPM and Train areas of the property. In April, the company reported that Estelle hosts 1.1 billion metric tons of global resource averaging 0.3 grams per metric ton (9.9 million ounces) gold. According to the new calculation, the Korbel Main deposit at the north end of the...
Contango ORE Inc. May 30 announced that the Alaska-based mineral exploration and mine development company is set to join the broad-market Russell 3000 and Russell Microcap. Founded in 2010 to explore the mineral potential discovered on the Tetlin property by Chairman Brad Juneau while exploring for natural gas in eastern Alaska, Contango ORE is a homegrown mining company that is slated to be a gold producer in 2024 with the completion of the Manh Choh mine that stemmed from Ju...
Ragusa Minerals Ltd. May 22 announced that sampling carried out toward the end of the 2022 exploration season has identified and confirmed two gold targets on the Monte Cristo project about 100 miles (160 kilometers) northwest of Anchorage, Alaska. Located just east and south of U.S. GoldMining Inc.'s Whistler copper-gold project and Nova Minerals Ltd.'s Estelle property, Monte Cristo is a 125-square-mile (323.7 square kilometers) land package that hosts several gold profits...
Kinross Gold Corp. May 9 reported that its Fort Knox Mine in Alaska produced 65,404 ounces of gold during the first quarter of 2023, which is a 33% drop from the 87,061 oz produced during the previous three-month period but nearly 19% higher than the 54,803 oz produced during the first quarter of 2022. Due to the effects of cold weather on recoveries from the heap leach pad, a drop in gold production during the first quarter is an annual event at Fort Knox. As the weather warm...
Alaska Energy Metals Corp. May 2 announced the appointment of former Alaska Department of Natural Resources Commissioner Corri Feige to its board of directors. “We are really pleased to have Corri join our company! She has great energy, vision, and leadership skills, but, most importantly, she has boundless enthusiasm for resource-centered economic development in Alaska. Her enthusiasm is infectious!” said Alaska Energy Metal’s President and CEO Gregory Beischer. Forme...
Nova Minerals Ltd. April 10 announced that the Estelle project in Alaska now hosts 9.9 million ounces of gold in 1.1 billion metric tons of global resource averaging 0.3 grams per metric ton gold. While this represents only a marginal increase over a resource estimate completed a year ago, the company says the more conservative geological modeling used for the current resource better positions the project for more detailed studies moving forward. "While the current MRE...
American Pacific Mining Corp. April 24 announced that a US$25.5 million (C$34.5 million) budget has been approved for the 2023 work program at Palmer, which will be the largest single-season program ever carried out at this high-grade volcanogenic massive sulfide project in Southeast Alaska. A 2019 preliminary economic assessment that was updated early in 2022 outlines plans for an underground mine and 3,500-metric-ton-per-day mill at Palmer that would produce 1.07 billion...
Graphite One Inc. April 27 announced that it has received the first active anode material for lithium-ion batteries produced from material derived from its Graphite Creek deposit in western Alaska. Active anode material, also known as coated spherical graphite, is the single largest ingredient in the lithium batteries powering electric vehicles. Given the auto sector's rapid transition to EVs, S&P Global Platts' estimates the annual global demand for graphite will rocket to 5...
The U.S. Army Corps of Engineers April 25 announced that it is taking a second look at its decision to deny Pebble Limited Partnership's application for the permits to establish a mining operation at the Pebble copper project in the Bristol Bay watershed of Southwest Alaska. The mine put forward for permitting is expected to produce 320 million pounds of copper; 363,000 ounces of gold; 15 million pounds of molybdenum; 1.8 million oz of silver; and 12,000 kilograms of rhenium a...
Northern Dynasty Minerals Ltd. May 1 said the U.S. Army Corps of Engineer's decision to reevaluate its decision not to approve permits to develop a mine at Pebble is a strong win for the world-class copper project in Southwest Alaska "We have been saying that the record of decision (ROD) process was not fairly conducted since 2020 and are pleased to see that the review officer has raised similar concerns on many substantive issues," said Northern Dynasty President and CEO Ron...
Kenorland Minerals Ltd. May 10 announced that it plans to carry out drilling and geophysics on its Tanacross and Healy mineral exploration projects in Alaska. In April, Kenorland announced that Antofagasta Minerals, a subsidiary of Chilean copper miner Antofagasta PLC, plans to invest US$3.8 million this year on exploration at the Tanacross porphyry copper-gold project in eastern Alaska. Last year, Antofagasta Minerals agreed to pay Kenorland an initial US$1 million and...
Northern Star Resources Ltd. April 26 announced that an unscheduled shutdown to repair the ball mill motor at Pogo resulted in a drop in gold production and increase in the per-ounce production costs at the company's Alaska operation. When restarting the ball mill at the end of a routine mill shutdown in early March, the Pogo team discovered damage to the motor. At the time, Northern Star anticipated that it would take up to six weeks to make the repairs. In its quarterly...
Starts 2023 strong with 4M oz from Greens Creek and Lucky Friday; 2.5M oz boost expected from Keno Hill to close out the year. Hecla Mining Company April 14 reported that record mill throughput at its Greens Creek Mine in Alaska helped to launch a strong start to 2023 silver production, and the slated third quarter start of production at its Keno Hill Mine in the Yukon is expected to culminate in a spectacular finish to the year. The Greens Creek Mine produced 2.8 million...
Trilogy Metals Inc. April 4 reported that the final set of assay results from the 2022 drilling at the Upper Kobuk Mineral Projects includes the best hole ever drilled at Arctic when it comes to the grade of the metals encountered times the length of the intercept. "We are pleased to close out the reporting of our 2022 drilling campaign with additional high-grade results that reaffirm Arctic as one of the highest grade, open pitable copper deposits in the world," said Trilogy...
U.S. GoldMining Inc. April 24 announced that it has closed a US$20 million initial public offering that provides the newly minted company with funds for the exploration and development of the Whistler copper-gold-silver project in Alaska. "The launch of U.S. GoldMining supports our confidence in the potential for the Whistler Project and stands testament to the caliber of our team," U.S. GoldMining CEO Tim Smith said upon the completion of the IPO. "U.S. GoldMining is now...
Contango ORE Inc. March 20 announced that it has entered into an agreement with two financial institutions to arrange a US$70 million loan to help fund the company's portion of expenses to reach the first gold pour at the Manh Choh Mine project in Alaska. Being advanced by Peak Gold Joint Venture, owned 70% by Kinross Gold Corp. and 30% by Contango, the Manh Choh Mine is expected to produce roughly 1 million gold-equivalent oz, which includes the value of both the gold and...
Trilogy Metals Inc. Feb. 27 reported another batch of high-grade assays from infill drilling the world-class Arctic copper-zinc-lead-gold-silver deposit in the Ambler Mining District of Northwest Alaska. "The latest infill and geotechnical holes continue to demonstrate very high grades of polymetallic metals over impressive widths in the shallowest parts of the deposit," said Trilogy Metals President and CEO Tony Giardini. The high-grade volcanogenic massive sulfide deposit at...
Nova Minerals Ltd. March 9 announced wide gold intercepts from the first ever drilling at Cathedral, a discovery about 1,500 meters southwest of the 8.1-million-ounce Korbel Main gold deposit on the company's Estelle property in Alaska. Reconnaissance exploration at Cathedral target in 2020 included sampling of outcropping quartz-arsenopyrite veining that returned grades as high as 114 grams per metric ton gold. Five other samples collected from this highly prospective target...
Northern Star Resources Ltd. March 15 announced a roughly six-week shutdown for unscheduled repairs at its Pogo gold mine in Alaska. Toward the end of a routine mill shutdown that began last week, the Pogo team discovered damage to the ball mill motor, which tripped during restart. Work has begun on the ball mill motor, but Northern Star anticipates it will take up to six weeks to complete the repairs. Due to the extended downtime, the company expects gold output from the...
Western Alaska Minerals Corp. Feb. 28 reported that updated interpretations of geological, geochemical, and geophysical surveys have identified multiple targets for an up to 17,000-meter 2023 drill program around the high-grade Waterpump Creek silver deposit on the company's Illinois Creek property about 300 miles west of Fairbanks, Alaska. "Our rapidly growing data sets have defined some very exciting targets for our upcoming program," said Western Alaska Minerals President...
