The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 526 - 550 of 1210
Freegold Ventures Ltd. June 16 announced the resumption of its 2020 program at Golden Summit with a planned 10,000-meter drill program targeting high-grade gold mineralization encountered on the property north of Fairbanks, Alaska earlier this year. A winter drill program that got underway in early March tested Freegold Ventures' theory that higher grade gold mineralization extends west from the historic Cleary Hill Mine, which produced 281,000 ounces of gold from ore...
Millrock Resources Inc. and Resolution Minerals Ltd. have resumed the highly anticipated drilling at the 64North project in Alaska's Goodpaster Mining District. The exploration partners got an early start to 2020 exploration on this property immediately west of Northern Star Resources Ltd.'s Pogo gold mine but were forced to idle down the drills due to health and travel concerns related to the COVID-19 pandemic. Drill crews completed one hole at a secondary target, which was s...
White Rock Minerals Ltd. June 10 said a team of geologists is slated to explore the Last Chance prospect in preparation for the first drilling at this gold discovery on the company's Red Mountain project in Interior Alaska. A detailed regional stream sediment program carried out last year led to the discovery of Last Chance, which is located on the west end of White Rock's 216-square-mile (559 square kilometers) property about 60 miles (100 kilometers) south of Fairbanks. Whil...
Avidian Gold Corp. June 1 said it has signed a binding letter of intent to acquire the Fish Creek gold property near Kinross Gold Corp.'s Fort Knox Mine in Alaska from Keltic Enterprises Inc. Situated about four miles east of the area currently being mined at Fort Knox and immediately west of Kinross' Gil deposit, Fish Creek consists of 1,032 acres of state mineral lease lands. Avidian already owns Amanita, 3,608-acre property on state lands boarding the south side of the...
Tectonic Metals Inc. June 2 announced plans to raise an additional C$3 million to fund 2020 drill programs on two of its Alaska properties – Tibbs and Seventymile. In April, Doyon Ltd. invested US$1.5 million (C$2.1 million) to acquire a 16.1% strategic ownership of Tectonic. An Alaska Native Claims Settlement Act (ANCSA) regional corporation, Doyon owns 12.5 million acres of land spanning Alaska's Interior, making it the largest private landholder in the state and one of t...
Freegold Ventures Ltd. May 26 announced that it has closed C$5 million of an up to C$10 million financing, which will fund ongoing exploration and other work related to its Golden Summit and Shorty Creek mineral exploration properties in Alaska. Noted resource investor Eric Sprott has agreed to invest a total of C$6 million in Freegold's private placement, including C$2 million in the recently completed initial tranche and C$4 million in a second tranche expected to close on...
Nova Minerals Ltd. May 24 said visual observation of core from this year's drilling at its Estelle project in Alaska indicates that mineralization extends beyond the inaugural 2.5-million-ounce inferred gold resource outlined in the Korbel deposit last summer. Though assays are pending, Nova said hole KBDH-002 cut quartz-arsenopyrite veinlets from near the top of the hole to a depth of 200 meters below the block model outline, which extends to a depth of nearly 300 meters....
Northway Resources Corp. May 26 announced plans to carry out mapping, sampling, and geophysics to refine gold targets on its Healy and Napoleon gold projects in Alaska's Eastern Interior region. Formed in 2018 and taken public last year, Northway is TSX Venture Exchange-listed company that focused its 2019 exploration primarily on Healy, a discovery stage gold project in the vicinity of Northern Star Resources 10-million-ounce Pogo Gold Mine property. Healy was first identifie...
PolarX Ltd. May 19 announced plans to carry out a roughly 3,000-meter drill program to test the high-grade copper and gold previously encountered in the Zackly East skarn deposit on its Alaska Range property Extending for roughly 22 miles (35 kilometers), Alaska Range consists of two adjacent copper and precious metal projects – Stellar and Caribou Dome – the Australia-based explorer merged in 2017. Zackly skarn is found in the middle of a 7.5-mile- (12 kilometers) long min...
Millrock Resources Inc. and Resolution Minerals Ltd. May 13 announced the balance of assay results from winter drilling at the 64North project in Alaska's Goodpaster Mining District and plans for late-May resumption of the program that was cut short due to COVID-19 concerns. Millrock's 64North project includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide – covering roughly 160,000 acres in Goodpaster, a gol...
Northern Dynasty Minerals Ltd. May 13 announced that it has raised C$17.35 million (US$12.3 million) to cover engineering, environmental, permitting and evaluation expenses associated with Pebble and advance the federal environmental impact study for the copper-gold-molybdenum mine project in Alaska to completion. Northern Dynasty raised the money in two concurrent financings – a C$10.1 million underwritten public offering and C$7.25 million private placement. Underwritten b...
Freegold Ventures Ltd. April 6 announced that winter drilling at Golden Summit has encountered what appears to be an extension of the vein system that fed ore to the historic Cleary Hill Mine, which produced 281,000 ounces of gold from ore averaging 1.3 oz per ton before the operation was shuttered during World War II. The first hole of the winter program, GSDL2001, cut 188 meters averaging 3.69 grams per metric ton gold from a depth of 360 meters. The bottom 20 meters of...
Contango ORE Inc. May 6 announced that management of the Peak Gold joint venture – Contango ORE (60%) and Royal Gold Inc. (40%) – has decided to postpone exploration on the Tetlin gold project in eastern Alaska in order to protect the health of workers and stakeholder during the COVID-19 outbreak. "These are certainly difficult times for everyone, and our primary concern is to ensure that our employees, contractors and community members remain safe and healthy," said Con...
Grande Portage Resources Ltd. May 7 said it plans to move ahead with 2020 exploration at its Herbert gold project near Juneau, Alaska and is taking the necessary steps to organize for a drill program slated to get underway in July. "We're looking forward to proceeding on schedule with 2020 drill program and further demonstrating the potential at the Herbert gold project," said Grande Portage Resources President and CEO Ian Klassen. The company has already received its drill...
Millrock Resources Inc. and Resolution Minerals Ltd. April 27 provided preliminary results from the 2020 drilling at 64North and plans for resumption of the program that was cut short due to COVID-19 concerns. Millrock's 64North project includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide – covering roughly 160,000 acres in the Goodpaster District, a gold-rich area anchored by Northern Star Resources Ltd.'s Pog...
HighGold Mining Inc. April 29 published the first NI 43-101 mineral resource estimate for the JT deposit, a modern industry compliant calculation that confirms the robust nature of this gold-silver-copper-zinc deposit on the company's Johnson Tract property in Southcentral Alaska. According to this new calculation, JT hosts 2.14 million metric tons of indicated resource averaging 6.07 grams per metric ton gold, 5.8 g/t silver, 5.85% zinc, 0.57% copper, and 0.71% lead. When...
Northern Star Resources Ltd. April 28 reported that its Pogo Mine in Alaska produced 49,340 ounces of gold during the first three months of 2020. While this is a 3,194 oz increase over the prior quarter, it is less than the Australia-based mining company expected. The lower than expected gold production at Pogo is due largely on the company's implementation of the COVID-19 operating protocols at the mine, which affected labor availability and underground productivity....
NANA Corp. and Ambler Metals LLC April 29 said they are working together to determine how a summer field season at the Upper Kobuk Mineral Projects in Northwest Alaska can progress while protecting communities and balancing job opportunities for residents of the region. Earlier this year, Ambler Metals, a joint venture operating company equally owned by Trilogy Metals Inc. and South32 Ltd., approved a US$22.8 million budget for the 2020 program at UKMP, which is a large land...
Redstar Gold Corp. April 20 announced that geophysical and geochemical studies completed late last year has identified potential strike extensions of the high-grade gold veins that supplied ore for the historic Sitka Mine on Unga Island. Redstar's Unga project covers roughly 93 square miles (240 square kilometers) of two islands south of the Alaska Peninsula, Unga and Popof islands, that has long been known for its high-grade gold. Apollo, the first hard rock underground gold...
Coeur Mining Inc. April 22 announced increased gold production at Kensington, thanks to increased ore grades and recovery rates at this Southeast Alaska mine. Kensington produced 32,022 ounces of gold during the first quarter, which is an 8% increase over the previous quarter and a 7% improvement over the first three months of 2019. This puts the mine on pace to produce more than 128,000 oz of gold this year, which at the upper end of Coeur's 2020 gold production guidance of...
Nova Minerals Ltd. April 20 announced that the Alaska Industrial Development Export Authority (AIDEA) has approved a resolution authorizing an agreement to advance studies of the West Susitna Access Road, which would provide surface access to the resource-rich area of Alaska where Nova's Estelle gold project is located. "First and foremost, being Alaskan born and bred, I am extremely excited about this initiative for my people and state," said Nova Minerals CEO Chris...
Teck Resources Ltd. April 20 reported increased zinc and lead production at Red Dog, despite the adjustments and precautions taken to protect the health of the workforce and residents in nearby Northwest Alaska communities during the COVID-19 outbreak. Red Dog produced 128,400 metric tons (283.1 million pounds of zinc during the first quarter of this year, which is 17% higher than the first three months of 2019. Likewise, the first quarter zinc production during the first...
Northern Star Resources Ltd. April 16 report that there are three active cases of COVID-19 among the workforce from its Pogo gold mine in Alaska and another three have tested positive for the virus and have recovered. All the Pogo workers with COVID-19 were tested and remain off-site. Northern Star's medical team is monitoring the active cases, which are considered mild-to-moderate and all three workers are improving. The Australia-based mining company has implemented...
In what appears to be a positive turn for the 2020 exploration season in Alaska, Nova Minerals Ltd. is preparing to have drills turning again soon at its 2.5-million-ounce Estelle gold project. The Australia-based explorer mobilized equipment and crews earlier this year to carry out an 18,500-meter 2020 phase-1 program at Estelle. Drilling got underway in February but was quickly wound down due to health concerns and restrictions related to the COVID-19 outbreak. Following a...
Northern Star Resources Ltd. April 5 reported that a Pogo gold mine employee from Fairbanks, Alaska tested positive for COVID-19 while at home on rostered leave. Located about 85 miles southeast of Fairbanks, Pogo is a remote operation with a camp that houses roughly 450 rotational workers. The Pogo employee that tested positive for COVID-19 is a Fairbanks-area resident who had been home four days after completing his 12-day roster at Pogo. The employee, who is in the care of...
