The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 701 - 725 of 1210
Solitario Zinc Corp. Feb. 19 announced that Teck American Inc., a subsidiary of Teck Resources Ltd., will manage a 2019 exploration program at Lik, a high-grade zinc project near the Red Dog Mine in Northwest Alaska. Solitario acquired a 50 percent interest in Lik through the buyout of Zazu Metals Corp. in 2017. Teck owns the other half of the joint venture property. Prior to Solitario's purchase, 17.3 million metric tons of indicated resource averaging 8.1 percent zinc, 2.7...
Hecla Mining Company Feb. 14 reported the highest silver, gold and lead reserves in its 128-year history. "The increase reflects the quality of the districts we control; our long-term, consistent strategy; and the capturing and use of all the data that long-lived mines have," said Hecla Mining President and CEO Phillips Baker, Jr. "It is particularly important that this growth comes at Greens Creek and Casa Berardi, who generate approximately 85 percent of our revenue and...
Kinross Gold Corp. Feb. 13 reported a nearly 33 percent drop in gold produced at its Fort Knox Mine in Alaska during 2018, when compared to the previous year. This operation about 25 miles north of Fairbanks produced 255,569 ounces of gold last year, a 132,546 oz drop from the 381,115 oz produced in 2017. Kinross said this lower gold output is primarily attributed to a minor pit wall slide that occurred in March, which restricted access to higher-grade ore. This problem was...
Teck Resources Ltd. Feb. 12 reported that the Red Dog zinc mine in Northwest Alaska produced 583,200 metric tons (1.29 billion pounds) of zinc during 2018, a roughly 8 percent increase over the 541.9 metric tons (1.19 billion lb) of the galvanizing metal produced in 2017. The operation also produced 98,400 metric tons (217 million lb) of lead last year, which is down about 12 percent from the previous year. During the fourth quarter, Red Dog produced 160,100 metric tons (353 m...
Trilogy Metals Inc. Jan. 6 announced a US$2 million increase to the exploration budget reported last week for the Upper Kobuk Mineral Projects in Northwest Alaska, swelling the total expenditures for 2019 to US$18.2 million. Trilogy will contribute US$1 million for this expanded program and South32 Limited will contribute the balance. This additional spending will be used for district-scale exploration across the Ambler Mining District with a focus on identifying and testing...
Royal Gold Inc. Feb. 6 said it has two criteria for any mining company interested in buying the Peak Gold project in Alaska – a willingness to make building a mine at the high-grade gold project a priority and a commitment to use the highest standards to do so. "Royal Gold will remain committed to the project over the long term through our existing royalty interests, and our considerations for any potential transfer of ownership will include a commitment to advance the project...
PolarX Ltd. Jan. 29 reported that the final assays from the 2018 drill program at its Alaska Range project continues to tap copper-gold-silver mineralization below the resource boundaries of the Zackly skarn deposit. Zackly hosts 3.4 million metric tons of inferred resource averaging 1.2 percent (90.4 million pounds) copper, 2 grams per metric ton (213,000 oz) gold and 14 g/t (1.5 million oz) silver, according to an Australian Joint Ore Reserves Committee- (JORC) resource...
Usibelli Coal Mine Jan. 30 surpassed two years of operations without a single lost time accident, a job-related injury that results in time away from work. Usibelli's safety program – Everyday Safety-At Work. At Home. At Play. – combined with the CORE Safety framework of the National Mining Association lays the foundation to make safety a core value for all mine employees. "The number one priority at UCM is safety – every day, and in everything we do," said Usibelli Coal...
Trilogy Metals Inc. Jan. 31 announced a US$16.2 million work program this year for the Upper Kobuk Mineral Projects in Northwest Alaska, a work program that is expected to result in major milestones toward realizing the world-class mineral potential the Ambler Mining District has to offer. Similar to the previous two years, Australia-based South32 Ltd. will invest US$9.2 million of the 2019 funding, which will go toward infill and resource expansion drilling at the Bornite...
Northern Star Resources Ltd. Jan. 23 reported that it produced 59,219 ounces of gold at Pogo during the Australian company's first three months of ownership of the underground Alaska mine. Since taking over the operations of Pogo at the end of September, Northern Star has focused on ramping up mill throughput. The Perth-based miner said it is already recording strong productivity gains at the mine, with a 22 percent increase in mined tonnages and a 33 percent rise in mill thro...
Contango ORE Inc. Jan. 23 announced that the Peak Gold mine project near the crossroads town of Tok in Eastern Interior Alaska is officially up for sale. The Peak Gold project is owned by a joint venture between Contango ORE (60 percent) and a subsidiary of Royal Gold Inc. (40 percent). Royal Gold, which manages the work under the joint venture, has retained Scotia Capital Inc. to conduct a joint process for the sale of the Peak Gold properties in Alaska. Given the high gold...
NANA Jan. 19 announced the hiring of two key executives heading into the new year – Sarah Lukin now serves as senior vice president and chief administration officer at NANA Regional Corp., and Kevin Aubertin joins NANA's Commercial Group as the president of Tuuq Drilling. Lukin, who officially began her tenure at NANA on Jan. 7, will provide strategic leadership in a broad range of functions, including leading external and government affairs, corporate communications, c...
Freegold Ventures Ltd. Jan. 16 reported that two holes drilled in 2018 cut wide widths of copper-gold-silver-tungsten mineralization at the company's Shorty Creek project about 75 miles (120 kilometers) northwest of Fairbanks, Alaska. These holes – SC 18-01 and SC 18-02 – targeted a magnetic high within Hill 1835, the most explored porphyry target so far at Shorty Creek. Freegold discovered significant porphyry copper-gold mineralization at Shorty Creek during an inaugural dri...
Coeur Mining Inc. Jan. 14 reported that its Kensington Mine produced 113,778 ounces of gold in 2018, falling short of the 115,000 to 120,000 oz the company anticipated from the Southeast Alaska operation. Coeur said lower-than-expected grades throughout the first nine months of the year was the primary reason Kensington fell short of the company's gold production guidance. During the fourth quarter, the Kensington Mine produced 35,335 oz of gold, 32 percent more gold than was...
Hecla Mining Company Jan. 15 reported that its Greens Creek Mine in Southeast Alaska produced 8 million ounces of silver and 51,493 oz of gold in 2018, compared to 8.4 million oz silver and 50,855 million oz of gold in 2017. The roughly 5 percent drop in silver production at Greens Creek is due to anticipated lower grades. The mill operated at an average of 2,316 tons per day in 2018. This marks the second straight year of record throughput for the Greens Creek mill. This...
Grande Portage Resources Ltd. Jan. 8 announced the discovery of a new gold zone directly beneath a drill pad used to target the high-grade gold veins at the company's Herbert Gold project a few miles north of Juneau, Alaska. This drill pad, M18, was constructed in an area of low topographic expression and was situated on overburden consisting of talus mixed with glacial outwash and alluvium. There was no outcropping bedrock near the drill pad so the discovery of near-surface...
Alaska Department of Natural Resources Dec. 28 posted a notice that it has extended the Pebble Limited Partnership's existing miscellaneous land use permit by 90 days, to March 31. This extension will allow the company to continue care, maintenance and reclamation of exploration activities on the Pebble copper-gold-molybdenum property in Southwest Alaska while DNR Division of Mining, Land & Water reviews the application for a 2019 miscellaneous land use permit. Pebble...
White Rock Minerals Ltd. Dec. 27 reported that Sandfire Resources NL has exercised its option to enter into a joint venture agreement with White Rock on the zinc-rich Red Mountain volcanogenic massive sulfide project in Interior Alaska. In July, White Rock entered into a strategic relationship with Sandfire, a mid-tier Australian mining company that operates the high-grade DeGrussa copper-gold mine in Western Australia. To formalize this strategic relationship between the two...
Grande Portage Resources Ltd. Jan. 3 reported that drilling has cut gold in the North Vein, which marks the fifth subparallel gold structure confirmed with drilling on the company's Herbert Gold project a few miles north of Juneau, Alaska. "We are pleased to have identified another subparallel mineralized structure bringing the total to five structures with attendant splays, spanning approximately one kilometers east-west," said Grande Portage Resources President Ian Klassen....
Northern Dynasty Minerals Ltd. Dec. 28 completed the second tranche of a C$8.4 million (US$6.3 million) financing that will primarily be used to pay a legal fee connected to the successful 2017 settlement of a suit the company brought against the U.S. Environmental Protection Agency. The settlement, reached early in 2017, opened the door for the enormous Pebble copper-gold-molybdenum project in Southwest Alaska to enter the permitting process unencumbered by predetermined...
The American Exploration & Mining Association Dec. 19 announced that it honored Novagold Resources Inc. with the AEMA Platinum Award for Corporate Excellence at the association's 124th Annual Meeting in Spokane, Washington. The award was bestowed to Novagold for its part in designing the Donlin Gold project to incorporate a strong culture of safety, environmental stewardship, and community engagement with the potential to generate meaningful benefits throughout Alaska for...
Constantine Metal Resources Ltd. Dec. 18 published a maiden mineral resource estimate for the AG Zone at the company's Palmer copper-zinc-lead-silver-gold project in Southeast Alaska. Since discovering AG Zone in 2017, Constantine has focused much of its drilling on this new resource area about 3,000 meters southwest of South Wall-RW, the primary volcanogenic massive sulfide deposit outlined so far at Palmer. This work has outlined a deposit that has increased the overall...
Trilogy Metals Inc. Dec. 13 said results from the final five holes drilled this year at Bornite continue to show the potential to expand the high-grade underground resource at this world-class copper-cobalt project in the Ambler Mining District of Northwest Alaska, including toward the open-pit deposit to the south. "The latest drilling results confirm the extent and continuity of the copper and cobalt mineralized system at the Bornite Project, and continue to demonstrate...
Ucore Rare Metals Inc. Dec. 11 reported that two of its major shareholders, Orca Holdings LLC and Concept Capital Management Ltd., were again participants in its latest private placement, which raised C$500,000, significantly higher than the C$350,000 originally announced in November. At the close of the financing, Ucore issued 3,333,333 units priced at C15 cents each. Each unit consists of one share and half a purchase warrant that gives the holder the right to purchase...
Ucore Rare Metals Inc. Nov. 6 said it has begun consultation with officials from the Ketchikan Gateway Borough, the Southeast Alaska municipality where Ucore plans to build its Strategic Metals Complex, a facility that will produce individual rare earth elements and other strategic metals from non-Chinese sources. Rare earth elements are more abundant than their name suggests. The 17 elements commonly included in this group – 15 lanthanide elements on the periodic table, p...
