The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 651 - 675 of 1210
Kinross Gold Corp. July 31 reported that the Fort Knox Mine in Interior Alaska produced 55,440 ounces of gold during the second quarter of 2019. This is a 47 percent increase over first quarter gold production but down 22 percent from the second quarter of 2018. The higher production, when compared to the first quarter, helped push down the costs to produce an ounce of gold at this open-pit operation about 25 miles north of Fairbanks. The cost for each ounce of gold sold...
Hecla Mining Company July 18 reported that its Greens Creek Mine produced 2.37 million ounces of silver during the second quarter of 2019, a 19 percent increase over the same period of 2018. This marks the highest silver production at the Southeast Alaska operation in three years. Greens Creek also churned out 13,256 oz of gold during the quarter ending June 30, which is down 3 percent compared to a year ago. The Idaho-based miner said higher ore grades due to mining...
White Rock Minerals Ltd. July 16 announced that its joint venture partner Sandfire Resources NL has committed another US$1.5 million into the 2019 exploration at Red Mountain, extending activities into September at this zinc-rich volcanogenic massive sulfide (VMS) project southeast of Fairbanks, Alaska. Sandfire, a mid-tier Australia-based mining company, can earn up to a 70 percent joint venture interest in Red Mountain by investing US$21.6 million into and completing a...
PolarX Ltd. July 10 said a roughly 5,000-meter drill program is slated to begin this month at the Saturn copper‐gold porphyry target within its Alaska Range project. Funded with the recent AU$4.3 million investment by Lundin Mining Corp., this program is expected to include eight to 10 deep holes targeting a porphyry copper‐gold target identified in early 2018 through evaluation of regional aeromagnetic geophysical data and confirmed through a higher‐resolution survey carried...
Trilogy Metals Inc. July 3 provided an update on the US$18.2 million of activities being carried out this year across its roughly 353,400-acre Upper Kobuk Mineral Projects in the Ambler Mining District of Northwest Alaska. The largest portion of this program, in terms of dollars spent during 2019, is an 8,000-meter drill program aimed at upgrading and expanding the copper-cobalt resource at Bornite. At a cut-off grade of 0.5 percent, the open-pit portion of Bornite hosts 40.5...
Constantine Metal Resources Ltd. June 27 said a drill program aimed at expanding and upgrading the zinc-copper-gold-silver-barite resources at the Palmer project in Southeast Alaska is now underway. In early June, the company released a preliminary economic assessment for developing a mine at Palmer that is both economically robust and environmentally conscientious. The PEA looks at a 3,500-metric-ton-per-day operation at Palmer that would produce 1.07 billion pounds of zinc,...
Constantine Metal Resources Ltd. June 28 reported that recent resampling of historical core from the Johnson Tract gold property in Southcentral Alaska returned long zones of high-grade gold, along with zinc, copper, lead and silver. The results from this resampling are included in a technical report filed in advance of a July 25 meeting for shareholders to vote on Constantine's proposal to spin out Johnson Tract and the company's other gold properties into HighGold Mining...
Northern Cobalt Ltd. July 1 reported that metallurgical sampling of rock chip samples from its Snettisham project demonstrates the potential to produce a high-grade magnetite (iron) concentrate with vanadium credits, providing further confidence in the economic viability of this Southeast Alaska project. In June, the Australia-based company estimated that the mafic-ultramafic Alaskan zoned intrusive complex at Snettisham hosts 297 to 551 million metric tons of high-grade...
White Rock Minerals Ltd. June 24 provided an update on the 2019 exploration program it is carrying out with joint venture partner Sandfire Resources NL to discover the next high-grade zinc and precious metals deposit on the Red Mountain volcanogenic massive sulfide property in Interior Alaska. Red Mountain already hosts two zinc-lead-copper-silver-gold deposits – Dry Creek and West Tundra Flats (WTF) – with 16.7 million metric tons of Australian Joint Ore Reserves Committee- (...
United States Environmental Protection Agency June 26 announced that it has instructed its Region 10 office to resume considering the elimination of a 2014 proposed determination to use "veto" authority to place restrictions on the Pebble copper-gold-molybdenum mine project under Section 404 of the Clean Water Act. The U.S. Army Corps of Engineers is the federal agency charged with issuing permits for the disposal of dredge and fill material under Section 404 of the Clean...
The Alaska Division of Geological & Geophysical Surveys June 7 announced that it is seeking partners to share the costs and results of airborne magnetic and radiometric geophysical surveys planned to be flown this summer over the Yukon-Tanana uplands of eastern Alaska. The survey intends to gather data from a 5,236-square-mile (13,562 square kilometers) primary area extending roughly 125 miles (200 kilometers) east of Fairbanks; and, if funding allows, a 2,751-square mile...
Nova Minerals Ltd. June 21 announced the start of drilling at the Oxide gold prospect on the Estelle project about 100 miles northwest of Anchorage, Alaska. The Australia-based explorer plans to complete 5,000 meters of drilling in two phases. The second phase will be decided by the 2,500-meter phase-1 results. "It's great to be back drilling at the district-scale Estelle gold project," said Nova Minerals Managing Director Avi Kimelman. "A great deal of work has gone into...
EMX Royalty Corp., a company that has found success in generating royalties through low-cost property acquisition and early-stage exploration, has recently acquired gold royalties in Alaska's Goodpaster Mining District. "EMX is very excited about our interest in Goodpaster," EMX Royalty CEO David Cole said in a recent interview with Maurice Jackson of Proven and Probable. "The Goodpaster District is host to the Pogo Mine, which is a mine that has produced over three-almost...
Contango ORE Inc. June 11 announced that the sales process for the Peak Gold joint venture has concluded without identifying a buyer for the partnership that owns the high-grade Peak Gold project in Interior Alaska. Two adjacent skarn deposits at Peak Gold – Main Peak and North Peak – host 9.2 million metric tons of measured and indicated resources averaging 4.08 grams per metric ton (1.21 million ounces) gold and 14.19 g/t (4.2 million oz) silver. A preliminary economic ass...
Nova Minerals Ltd. June 3 said it is looking into the potential of selling or bringing on a partner to advance exploration of its Windy Fork rare earth elements (REE) project in Southwest Alaska. During recent meeting in New York City, Nova directors received strong interest in Windy Creek and the placer REE occurrences identified on the property. Bulk sampling at Windy Fork in the 1990s indicates that the placer deposit there contains roughly 17 million cubic meters of...
Constantine Metal Resources Ltd. June 3 released a preliminary economic assessment for Palmer that outlines an economically robust and environmentally conscientious mine for the volcanogenic massive sulfide project in Southeast Alaska. "This PEA is the most significant milestone for Constantine to date, demonstrating a high-quality project with strong economics and a progressive, environmentally conscious mine design," said Constantine Metal Resources President and CEO...
Ucore Rare Metals Inc. May 29 announced a victory in the legal row over its option to acquire IBC Advanced Technologies Inc., part of Ucore's plans to establish a rare earth elements processing facility in the United States. Utah-based IBC is the pioneer of molecular recognition technology, a highly selective process for isolating an element or group of elements from solution. Using a solution derived from Ucore's Bokan Mountain project in Southeast Alaska, IBC and Ucore...
White Rock Minerals Ltd. May 20 announced the completion and preliminary results from a 311-mile (500 kilometers) airborne electromagnetic survey flown over its zinc-rich Red Mountain volcanogenic massive sulfide project in Alaska's Bonnifield Mining District. The Australia-based exploration company said the geophysical survey, which also included the collection of magnetics data, used a state-of-the-art data collection and processing system to identify potential VMS...
Trilogy Metals Inc. May 20 reported that permitting for the proposed road to provide surface access to the Ambler Mining District is slated for completion this year. The 211-mile Ambler Mining District Industrial Access Project (AMDIAP), the official name of this transportation corridor, would connect the Ambler Mining District to Alaska's contiguous highway system. This surface access is a key piece of infrastructure needed to begin realizing the vast potential of this...
Trilogy Metals Inc. May 23 named Janice Stairs as the new chair of its board of directors. Stairs, who has been a director of Trilogy Metals since 2011, graduated from Dalhousie Law School and holds a Master of Business Administration degree from Queen's University. "Janice is well suited to chair the Trilogy board. With her strong legal background, her many years working in the mining sector and the fact that she has been an active director of Trilogy Metals since its...
Constantine Metal Resources Ltd. May 21 said it has finalized a deal to lease the Johnson Tract gold property from Cook Inlet Region Inc., an Alaska Native regional corporation more commonly known as CIRI. Situated about six miles west of Cook Inlet and roughly 125 miles southwest of Anchorage, the 20,942-acre Johnson Tract property hosts a gold and base metals deposit that is reminiscent of the historical Eskay Creek Mine in neighboring British Columbia and a 7.5-mile...
Iliamna Natives Ltd. (INL) May 15 is pleased to announce that it has reached an agreement with Pebble Limited Partnership to provide transportation corridor access on INL lands to support the operation and construction of the proposed Pebble copper-gold-molybdenum mine in Southwest Alaska. The Alaska Native Claims Settlement Act (ANCSA) corporation for the Village of Iliamna said this long-term agreement is a commitment to advance the Pebble project in a technically feasible,...
Contango ORE Inc. May 13 said the Peak Gold joint venture will carry out a US$6.9 million exploration program at the Peak Gold property near Tok, Alaska. At the same time, the project partners – Contango ORE (60 percent) and Royal Gold Inc. (40 percent) – are continuing negotiations for the sale of Peak to a mining company that will advance development of the high-grade gold deposits found there. Two adjacent skarn deposits at Peak Gold – Main Peak and North Peak – host 9....
Freegold Ventures Ltd. May 15 announced the start of a US$2.2 million exploration program focused on testing the wider copper-gold potential at its Shorty Creek property in Alaska's Interior. This exploration is being funded by South32 Ltd., an Australia-based mining company that has agreed to invest up to US$10 million into exploration at Shorty Creek. Freegold Ventures identified the potential for porphyry-style copper-gold mineralization at Shorty Creek in 2014, which was...
Grande Portage Resources Ltd. May 7 announced a significant expansion of resources at its high-grade Herbert Gold project in Southeast Alaska. Herbert Gold now hosts 1.88 million metric tons of indicated resource average 10.03 grams per metric ton (605,000 ounces) of gold. This is more than double the 267,950 oz of gold reporting to the indicated category in a resource calculated for the Juneau area gold project in 2018. In addition, Herbert Gold hosts 553,429 metric tons of...
