The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 501 - 525 of 1210
Coeur Mining Inc. has made major investments in exploration at its Kensington gold mine in Alaska and Silvertip mine project in British Columbia during the first half of 2020, and the company plans to continue robust drilling focused on expanding high-grade targets at these two northern assets through the balance of 2020. These robust programs at Kensington and Silvertip are parts of the largest exploration campaign in Coeur's history. During the first six months of 2020,...
Constantine Metal Resources Ltd. Aug. 13 has identified a potential source area for the historical Porcupine gold placer mining operation located on its Palmer property in Southeast Alaska. Constantine has traditionally focused its exploration efforts on the discovery and expansion of volcanogenic massive sulfide deposits rich in a wide variety of base and precious metals. This work has outlined 4.68 million metric tons of indicated resource averaging 5.23% zinc, 1.49%...
Northern Star Resources Ltd. Aug. 13 reported that its Pogo Mine in Alaska now hosts 6.7 million ounces of gold in 21.25 million metric tons of resources averaging 9.8 grams per metric ton gold, a 13% increase over last year and the largest gold inventory in Pogo's history. The Australia-based gold miner says the increased gold at Pogo is despite only 62% of the budgeted drilling being achieved in the company's fiscal year 2020, which ended on June 30. "At Pogo, the...
Alaska Miners Association Aug. 4 announced the difficult decision to cancel its annual convention and trade show scheduled for Nov. 1-7, 2020 at the Dena'ina Center in Anchorage, Alaska. "We understand this is a major loss for AMA and our industry. We are losing our chance to make the networking contacts and business deals that are done each year," AMA penned in a notice to its membership. "We're going to miss seeing our extended AMA family and catching up. We'll miss the...
Barrick Gold Corp. and Novagold Resources Inc. Aug. 6 reported that initial results from the 2020 optimization drill program at Donlin Gold continue to tap near-surface, high-grade mineralization that could likely be mined during the early stages of operations at the 39-million-ounce gold project in Southwest Alaska. Donlin Gold LLC – a 50-50 joint venture between Novagold and Barrick – began gearing up for a roughly 22,000-meter drill program at Donlin in February but the...
Coeur Mining Inc. July 29 reported increased gold production at Kensington, thanks in part to more ore from the higher-grade Jualin deposit at this Southeast Alaska mine. Kensington produced 33,058 ounces of gold during the second quarter, which is slightly higher than the 32,022 oz during the first three months of the year but less than the 34,049 oz during the second quarter of 2019. The steady gold output and strong gold prices helped Kensington generate US$23.9 million of...
Resolution Minerals Ltd. July 27 said it is positioned to carry out the full US$5 million program this year at 64North, a gold exploration project next to Northern Star Resources Ltd.'s Pogo Mine in Alaska's Goodpaster Mining District. Earlier this month, Resolution announced a financing that will add A$4.6 million (US$3.3 million) to test high priority drill targets across the 64North projects. Under a deal cut with Millrock Resources Inc. last year, Resolution has the...
Millrock Resources Inc. July 29 reported it has secured exclusive rights to the Treasure Creek and Ester Dome gold exploration projects in the Fairbanks Mining District, adding to the company's portfolio in the Tintina Gold Belt. Treasure Creek is a roughly 34,600-acre land package about 20 miles west of Kinross Gold Corp.'s Fort Knox Mine, which has produced more than 8 million ounces of gold. According to Alaska Division of Geological and Geophysical Survey reports more...
Kinross Gold Corp. July 29 reported higher gold production and lower costs at its Fort Knox Mine in Alaska. During the second quarter of 2020, Fort Knox produced 56,031 ounces of gold, which is roughly an 8% increase over the 51,667 oz produced during the first quarter and slightly better than the 55,440 oz produced at the Interior Alaska mine during the second quarter of 2019. Kinross attributes the increased gold production to higher mill grades and recoveries, when...
HighGold Mining Inc. July 22 announced that it now plans to complete at least 15,000 meters of drilling this year at its Johnson Tract Gold Project in Southcentral Alaska. HighGold had originally planned to complete 7,000 to 10,000 meters of drilling during the 2020 program at Johnson Tract. Strong investor interest, however, resulted in a very strong financing that closed earlier this month. As a result, the company has expanded the scope of this year's work. "With the...
International Tower Hill Mines Ltd. July 15 announced it has finalized the key contracts for completion of a pre-feasibility study for developing a mine at its 11.5-million ounce Livengood Gold project in Alaska and expects to release the results of the PFS in October 2021. This will follow-up on a 2017 PFS that outlined plans for a 52,600-metric-ton-per-day mill that would produce 6.8 million oz of gold over a 23-year mine life, or roughly 294,100 oz annually. This mine plan...
Nova Minerals Ltd. July 15 reported long intercepts of gold mineralization in two more holes drilled into Korbel resource block B at its 54,400-acre (220 square kilometers) Estelle project in Alaska. "We are pleased to report more thick drill intercepts which are an exciting and significant development in our phase 1 resource upgrade with all holes hitting extensive mineralization," said Nova Minerals CEO Christopher Gerteisen. Situated roughly 100 miles (160 kilometers)...
Trilogy Metals Inc. July 8 confirmed that the 2020 field programs at the Upper Kobuk Mineral Projects in Northwest Alaska has been deferred due to the COVID-19 pandemic. Ambler Metals LLC, a joint venture operating company equally owned by Trilogy Metals and South32 Ltd., had budgeted US$22.8 million for the 2020 program. Following the novel coronavirus outbreak, Ambler Metals met with NANA Corp., the Alaska Native Claims Settlement Act (ANCSA) regional corporation for...
Northern Star Resources Ltd. June 8 reported that its Pogo Mine in Alaska produced 49,353 ounces of gold during the second quarter of 2020, despite several cases of COVID-19 at this operation about 90 miles southeast of Fairbanks. "The results at our Pogo mine in Alaska were particularly pleasing given the challenging circumstances emanating from COVID-19, where we effectively managed safe operations with 36 confirmed cases through the quarter," said Northern Star Resources Ex...
HighGold Mining Inc. July 8 announced that it has raised C$12 million to fund an expanded drill program at its Johnson Tract gold project in Southcentral Alaska. Situated on Cook Inlet Region Inc., or CIRI, land on the west side of Cook Inlet, Johnson Tract hosts high-grade gold mineralization that is further enriched by associated silver, copper, zinc, and lead. According to a calculation earlier this year, the JT deposit at Johnson tract hosts 2.14 million metric tons of...
Hecla Mining Company July 10 said silver production at its Greens Creek silver mine exceeded expectations during the first half of 2020, due to the higher grade ore mined there. The Southeast Alaska operation produced 5.53 million ounces of silver during the first six months of this year, a 20% increase over the 4.61 million oz produced during the first half of 2019. During the three months ending June 30, Greens Creek produced 2.75 million oz of silver, a 16% increase over...
HighGold Mining Inc. June 30 announced the start of the 2020 exploration program at its Johnson Tract gold project in Southcentral Alaska. During the initial phase of this program, the company plans to complete 7,000 to 10,000 meters of diamond drilling to investigate five targets surrounding the property's JT deposit. "We are excited to launch on the first serious exploration drill program in 25 years at Johnson" said HighGold Mining President and CEO Darwin Green. According...
Grande Portage Resources Ltd. June 30 announced the start of an 18- to 20-hole drill program that includes resource expansion and exploration drilling at its Herbert Gold project in Southeast Alaska. Located about 16 miles north of Juneau, Herbert Gold hosts 1.88 million metric tons of indicated resource average 10.03 grams per metric ton (605,000 ounces) of gold; plus 553,429 metric tons of inferred resource averaging 14.15 g/t (251,700 oz) gold. This resource is contained wi...
Tectonic Metals Inc. June 25 announced that it has added a new gold property in the Goodpaster Mining District and acquired a dataset that will assist the company's exploration across this gold-rich region of Alaska's Interior. The new property, known as Maple Leaf, is roughly nine miles (15 kilometers) northeast of Tectonic's Tibbs project and about 31 miles (50 kilometers) east of Northern Star Resources Ltd.'s Pogo gold mine. The Tectonic team staked this 11,840-acre...
Constantine Metal Resources Ltd. June 24 announced a US$2.15 million budget for 2020 activities related to the Palmer zinc-copper-gold-silver project in Southeast Alaska. Funded by the Constantine Mining LLC Joint Venture, which is co-owned by Constantine (51%) and Dowa Metals & Mining Co. Ltd. (49%), the program includes summer field work, environmental and project permitting work for future underground exploration development, and continued outreach to keep the Haines...
Nova Minerals Ltd. July 23 reported more very wide gold intercepts in the first two 2020 holes drilled into the Korbel target on the Australian junior's Estelle gold property in Alaska. Located about 100 miles (160 kilometers) northwest of Anchorage, Alaska's largest city, Estelle hosts 181.3 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 0.43 grams per metric ton (2.5 million ounces) gold. This resource is...
PolarX Ltd. June 18 said it has secured the funds needed to carry out its 2020 drill program at Zackly East and plans to have drills turning on this high-grade gold-copper skarn in about four weeks. The Australia-based mineral explorer said sophisticated and professional investors have committed to acquiring roughly 99 million PolarX shares at A3.8 cents each, which will gross the company approximately A$3.76 million (US$2.58 million). PolarX said the net proceeds from the...
Teck Resources Ltd. June 22 said COVID-19 and water challenges resulted in a significant decrease in the production of zinc and lead at its Red Dog Mine in Northwest Alaska. Red Dog produced 83,900 metric tons (185 million pounds) of zinc during the second quarter, which is a roughly 47% drop from the 158,000 metric tons (348.3 million lb) produced during the same period of 2019 and a 35% drop from the 128,400 metric tons (283.1 million lb) produced during the first three...
Tectonic Metals Inc. July 20 announced that drills are turning on its Tibbs Gold project less than 22 miles (35 kilometers) from Northern Star Resources Ltd.'s high-grade Pogo Gold Mine in Alaska's Goodpaster Mining District. Immediately following a roughly 2,500-meter rotary air blast drill program at Tibbs, Tectonic will launch the first drill program in more than two decades at Seventymile , an eastern Alaska gold project that covers a more than 25-mile- (40 kilometers)...
White Rock Minerals Ltd. July 22 said sampling carried out this year has provided further evidence of a potentially large gold system at the Last Chance target on the Australian mineral exploration company's Red Mountain property in Alaska. While Red Mountain is best known for its zinc-rich volcanogenic massive sulfide (VMS) deposits and occurrences, this 308-square-mile (798 square kilometers) property about 60 miles (100 kilometers) south of Fairbanks lies within the...
