The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Nova Minerals Ltd. (formerly Quantum Resources Ltd.) July 31 said it plans to complete at least 8,000 meters of drilling over the next six to eight weeks at the Estelle gold-copper-silver project about 100 miles northwest of Anchorage. The Australia-based explorer optioned Estelle late in 2017 as part of a larger deal that included four other Southwest Alaska properties – Chip-Loy, a nickel-copper-cobalt-gold-silver-platinum group element project; Bowser Creek silver-zinc-lead...
Teck Resources Ltd. July 26 reported that the Red Dog Mine in Northwest Alaska produced 153,600 metric tons (338.6 million pounds) of zinc during the second quarter. This is 26 percent more zinc than was produced during the first quarter and a 20 percent increase over the same period last year. Teck Resources President and CEO Don Lindsay attributes the higher zinc output "to higher-grade ore and improved recoveries." The 25,700 metric tons (56.7 million lb) of lead produced...
Kinross Gold Corp. Aug. 1 reported lower gold production and higher costs at its Fort Knox Mine due to lower ore grades and the minor pit wall slide that occurred at this Interior Alaska operation in March. Fort Knox produced 71,463 ounces of gold during the second quarter of 2018, a roughly 22 percent decrease from the 91,237 oz recovered during the same period last year. The per-ounce cost of Fort Knox gold sold during the quarter was US$969, a 53 increase over the US$635...
PolarX Ltd. July 24 reported that drilling at its Alaska Range project continues to cut stellar visible copper mineralization beyond the Zackly skarn deposit. A 13-hole drill program carried out in 2017 upgraded the historical Zackly deposit to 3.4 million metric tons of JORC- (Australian Joint Ore Reserves Committee) compliant inferred resource grading 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. This...
Solitario Zinc Corp. July 23 reported that Teck Resources Ltd. has begun a field program at Lik, a high-grade zinc project near the Red Dog Mine in Northwest Alaska. Solitario gained a 50 percent ownership of Lik when it bought Zazu Metals Corp. in 2017. Prior to this buy-out, Zazu had been funding and operating the exploration at Lik under an arrangement that provided it the opportunity to earn 80 percent interest in the property by meeting spending requirements. While Zazu...
Trilogy Metals Inc. July 20 filed a technical report that includes the 77 million pounds of cobalt resource outlined so far at the Bornite project in Northwest Alaska. "Now that we have filed the new technical report for the Bornite project, the next step is to finish the metallurgical test work on the cobalt resources, which we expect to be completed by the end of the year," said Trilogy Metals President and CEO Rick Van Nieuwenhuyse. In total, Bornite is estimated to host...
Millrock Resources Inc. July 18 said roughly US$5 million of partner-funded exploration is being carried out across its portfolio of mineral properties, including 10,000 meters of drilling at three projects in Alaska and Mexico. "We have plenty of potential catalysts to improve the Millrock share price through the discovery of valuable resources," said Millrock President and CEO Greg Beischer. Millrock Resources is a project generating mineral exploration company with five...
PolarX Ltd. July 17 reported that strong, visible copper and gold mineralization was seen in ZX‐18018, a recently completed hole that drilled about 100 meters below the current resource at the Zackly skarn deposit on the Australian explorer's Alaska Range property. A 13-hole drill program carried out in 2017 upgraded the historical Zackly deposit to 3.4 million metric tons of JORC- (Australian Joint Ore Reserves Committee) compliant inferred resource grading 1.2 percent (...
Constantine Metal Resources Ltd. said the first two holes of a 10,000-meter drill program at its Palmer joint venture project encountered wide intervals of silver-gold-zinc-lead-barite volcanogenic massive sulfide mineralization 150 meters southeast of the AG Zone, increasing the strike length of this 2017 discovery to 350 meters. Being carried out by a joint venture between Constantine Metal Resources (51 percent) and Dowa Metals & Mining Co. Ltd. (49 percent), this year's...
White Rock Minerals Ltd. July 10 announced that Sandfire Resources NL, a mid-tier Australian mining company that operates the high-grade DeGrussa copper-gold mine in Western Australia, plans to make a significant investment in White Rock's Red Mountain, a zinc enriched volcanogenic massive sulfide project about 60 miles south of Fairbanks, Alaska. "White Rock welcomes Sandfire as a strategic partner and cornerstone investor that shares White Rock's vision for the exploration...
Riversgold Ltd. July 9 said it has begun a seven-week exploration program that is expected to include drilling at several targets on its gold properties in Southwest Alaska. A Perth-based mineral exploration company that listed on the Australia Stock Exchange late in 2017, Riversgold owns three gold exploration properties – Luna-Quicksilver, Kisa and Gemuk – that blanket 27,122 acres of the Kuskokwim Mountains about 95 miles southwest of the 39-million-ounce Donlin Gold Min...
Ucore Rare Metals, Inc. July 3 announced the company representatives met with senior Trump Administration and Congressional officials in Washington, D.C. to discuss American dependence on the Chinese supply of critical materials, and Ucore's plans to develop a strategic metals complex in Southeast Alaska that would provide the United States a domestic supply of rare earth elements. "Near complete dependence on potentially unreliable foreign sources of rare earth materials...
White Rock Minerals Ltd. July 4 reported exceptional grades in the first two holes targeting the down plunge extension of mineralization in the Discovery and Fosters lenses of the Dry Creek volcanogenic massive sulfide deposit on the Red Mountain project in Interior Alaska. Hole DC18-77 cut 4.26 meters averaging 4.8 percent zinc, 2.3 percent lead, 1,435 grams (46.1 ounces) per metric ton silver, 2.2 g/t gold and 0.5 percent copper – this is the equivalent of 43.2 percent z...
Novagold Resources Inc. June 27 reported that the permitting to develop a mine at Donlin Gold project is nearly complete but the timing of the final go-ahead decision on whether to develop a world-class mine at this 39-million-ounce gold deposit in Southwest Alaska remains open. Novagold owns a 50 percent interest in Donlin Gold LLC, the company created to permit and eventually develop this enormous gold deposit, global gold miner Barrick Gold Corp. owns the other half. Since...
PolarX Ltd. June 19 reported the start of a 5,000-meter drill program focused on expanding the high-grade Zackly copper-gold skarn deposit at the company's Alaska Range project. Millrock Resources Inc., which owns a 9.76 percent interest in PolarX, managed a drill program last year aimed at updating a historical resource for Zackly. Based on the results of this 13-hole program, Zackly currently hosts 3.4 million metric tons of JORC-compliant inferred resource grading 1.2...
Graphite One Resources Inc. June 11 named Stanley Foo as chief operating officer of the company's wholly-owned Alaskan subsidiary, Graphite One (Alaska) Inc. With more than 35 years in the mining sector, including 21 years in Alaska, Foo has served as president and general manager for Donlin Gold LLC, general manager for Alaska Gold Torrent, chief geologist and general superintendent for Cortez Gold Mines (Nevada) and project manager roles with Placer Dome and Barrick Gold...
Freegold Ventures Ltd. June 7 said it is putting together plans for a drill program aimed at expanding the oxide resource at its Golden Summit gold property near Kinross Gold Corp.’s Fort Knox Mine in Interior Alaska. Located along a paved highway about 30 minutes north of Fairbanks, Golden Summit hosts 61.5 million metric tons of indicated resource averaging 0.69 grams per metric ton (1.36 million ounces) gold; and 71.5 million metric tons of inferred resource averaging 0.69 g/t (1.58 million oz) gold. The oxide portion o...
Riversgold Ltd. June 6 reported that it plans to complete 1,000 meters of drilling on its Southwest Alaska gold properties. A Perth-based mineral exploration company that listed on the Australia Stock Exchange late in 2017, Riversgold owns three gold exploration properties – Luna-Quicksilver, Kisa and Gemuk – that blanket 27,122 acres of the Kuskokwim Mountains about 120 miles southwest of the Donlin Gold project. These properties lie at the southwest end of the Tintina Gold B...
Constantine Metal Resources Ltd. June 6 reported the start of a 10,000-meter drill program to expand the resource and test new targets at the Palmer volcanogenic massive sulfide project in Southeast Alaska. Being carried out by a joint venture between Constantine (51 percent) and Dowa Metals & Mining Co. Ltd. (49 percent), this year's drilling will target the definition and expansion of the copper-zinc-silver-gold resource at the South Wall-RW deposit; expansion of the AG...
Avidian Gold Corp. June 5 said a 2018 drill program is now underway at Golden Zone, with an initial focus on following up on the significant intercepts and "new discoveries" drilled during the 2017 program. Located about midway between Anchorage and Fairbanks, the Golden Zone property hosts numerous gold targets along an 8,000-meter-long trend. Breccia Pipe, the most advanced of these, is a deposit with 4.19 metric tons of indicated resource averaging 1.99 grams per metric ton...
White Rock Minerals Ltd. June 5 reported that massive sulfide mineralization was tapped in two of the first three holes drilled this year at Red Mountain, a zinc enriched volcanogenic massive sulfide project about 60 miles south of Fairbanks, Alaska. Last year, Australia-based White Rock commissioned a resource calculation for the two main deposits at Red Mountain – Dry Creek and West Tundra Flats – that meets modern reporting standards. This maiden Australian Joint Ore Reserv...
Trilogy Metals Inc. May 28 said it is gearing up for another busy field season at its Upper Kobuk Mineral Projects in the Ambler Mining District of Northwest Alaska. The US$16.7 million of work programs budgeted for UKMP in 2018 will focus on gathering the data to advance the Arctic project towards feasibility and permitting, as well as drilling to expand and upgrade the large copper resource at Bornite. As crews continue to advance these large and high-grade metals deposits,...
Graphite One Resources Inc. May 28 announced that it has raised C$2.1 million, which will help fund exploration and development of its Graphite Creek project north of Nome, Alaska, and for general working capital purposes. This non-brokered private placement financing involved the issuance of 30.62 million units at C7 cents each. Each unit consists of a Graphite One share and a transferable warrant that entitles the holder to purchase one company share for C12 cents for up to...
Grande Portage Resources Ltd. May 28 filed an NI 43-101-compliant technical report with an updated resource estimate for the company's Herbert Gold project in Southeast Alaska. Incorporating the results from 12 holes drilled last year, the first drilling at Herbert Gold since 2012, the updated estimate outlines 1.1 million metric tons of indicated resource averaging 7.25 grams per metric ton (267,950 ounces) gold; and 423,200 metric tons of inferred resource averaging 6.04 g/t...
Cook Inlet Region Inc., also known as CIRI, May 21 informed shareholders that its board of directors oppose "Yes for Salmon," a ballot initiative slated to be put before Alaska voters during the November general election. In Raven's Circle, a monthly newsletter to shareholders, CIRI said the Yes for Salmon, also referred to as Stand for Salmon, ballot initiative would overhaul regulations affecting virtually any type of project in Alaska. CIRI, one of twelve land-based Alaska...
