The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 801 - 825 of 1210
PolarX Ltd. May 15 announced that it has raised AU$2.5 million for exploration and development activities on the Alaska Range copper project in Alaska. The financing involved the issuance of roughly 24 million shares at a price of AU10.5 cents per share. Initial exploration at Alaska Range will focus on expanding the Zackly copper-gold-silver skarn deposit. In March, PolarX announced a maiden Australian Joint Ore Reserves Committee- (JORC) compliant resource for Zackly of 3.4...
K2 Gold Corp. May 17 announced that it has staked 123 state of Alaska mining claims along the Alaska-Yukon border about 20 miles (30 kilometers) northeast of Northway. Known as the McArthur Creek property, this new eastern Alaska land package covers roughly 18,300 acres in the Moosehorn Range, a cross-border region that has produced more than 100,000 ounces of placer gold. While there has been extensive claim staking and exploration on the Canadian portion of the range, the...
White Rock Minerals Ltd. May 10 said crews have begun mobilizing to its Red Mountain property in preparation for an early start to exploration at this zinc rich volcanogenic massive sulfide project about 50 miles west of Delta Junction in Interior Alaska. "A lot of preparation has gone into the planning for the commencement of field activities as early as possible in the 2018 field season. It is great to see all the hard work coming together as field crews begin to mobilize...
Ucore Rare Metals Inc. May 7 said IBC Advanced Technologies Inc. has begun advanced engineering and design for its first Specialty Metals Complex, or SMC, a rare earth elements separation facility the company plans to build near Ketchikan in Southeast Alaska. Previously referred to as the Strategic Metals Complex, the Alaska SMC will utilize IBC Advanced Technologies' molecular recognition technology, commonly known as MRT, to separate rare earths and produce individual REE...
Hecla Mining Company May 8 said first quarter exploration drilling continues to expand high-grade silver resources along the East Ore, Upper Plate, Deep 200 South and Deep Southwest mineralized trends at its Greens Creek Mine in Southeast Alaska. "(D)rilling at Greens Creek continues to discover high-grade mineralization that could enhance the already exceptional mine economics and mine life," said Hecla President and CEO Phillips Baker, Jr. Hecla said the high-grade...
Kinross Gold Corp. May 8 reported that its Fort Knox Mine near Fairbanks, Alaska, produced 79,928 ounces of gold during the first quarter of 2018, a roughly 14 percent decrease from the 93,038 oz recovered during the same period last year and about 16 percent lower than the last three months of 2017. "Production at Fort Knox was in line with our expectations for the quarter, although it was lower compared with the fourth quarter of last year. This was mainly due to lower mill...
Constantine Metal Resources Ltd. May 1 said it intends to raise C$10 million through a non-brokered private placement that will include a major strategic investment from Electrum Strategic Opportunities Fund II L.P., an investment fund managed by The Electrum Group LLC. Altius Minerals Corp. and John Tognetti, a major shareholder and Constantine Metal insider, are also slated to participate in the financing. "We welcome the Electrum 'family' as a major shareholder, who we...
Trilogy Metals Inc. May 3 said it has begun work to estimate a cobalt resource for its Bornite project in the Ambler Mining District of Northwest Alaska. Cobalt, an important ingredient in the electrodes of rechargeable batteries, is on the U.S. Department of Interior's draft list of 35 minerals considered critical to the economic and national security of the United States. In addition to the 2.7 billion pounds of copper in an open-pit resource averaging roughly 1 percent...
Teck Resources Ltd. March 24 reported that mill throughput at the Red Dog zinc mine in Northwest Alaska was impacted by extreme winter weather that closed the Delong Mountain Transportation System road connecting the mine to the concentrate storage facility at the port for more than two weeks. This inability to haul concentrates forced numerous slowdowns and shutdowns of milling operations due to limited storage capacity at the mine site. "Red Dog production was negatively...
Coeur Mining Inc. April 25 reported a 25 percent increase in proven and probable reserves at its Kensington gold mine. According to the updated technical report, Kensington now hosts 620,700 ounces of gold in 2.96 million tons of reserves averaging 0.21 oz per ton, or 7.1 grams per metric ton, gold, roughly a 10 percent increase over the year-end 2016 reserves. "The results of Kensington's technical report illustrate the significant impact a relatively small amount of...
Alaska Department of Natural Resources April 19 announced that it is taking steps to reestablish the Bristol Bay Advisory Group, originally created to provide input on the 1984 Bristol Bay Area Plan. By reestablishing the group, DNR said it intends to foster dialogue on land use, resource management, and regulatory matters under state purview in the Bristol Bay region of Southwest Alaska. Plans to develop a mine at the Pebble copper-gold-molybdenum deposit on state lands in th...
New Age Metals Inc. April 18 announced that it has signed an agreement with Anglo Alaska Gold Corp. to acquire full ownership of the Genesis, a 10,240-acre, drill-ready platinum group metal project about 75 highway miles north of the all-weather port city of Valdez. "NAM (New Age Metals) uses the prospector generator model and after the preliminary field work and additional ground proofing, our objective is to find an option/joint venture partner to further the development of...
Riversgold Ltd. April 18 said it is putting together plans to accelerate drilling at gold properties in Southwest Alaska and Australia in the coming months. "We have been working behind the scenes on advancing a number of our projects in WA (Western Australia) and South Australia, whilst also preparing ourselves for the upcoming Alaskan field season," said Allan Kelly, managing director, Riversgold. "We have also picked up some fantastic new projects in WA and Alaska and look...
Hecla Mining Company April 11 reported that its Greens Creek Mine in Southeast Alaska produced 1.91 million ounces of silver and 13,118 oz of gold during the first quarter of 2018, down slightly from the 1.93 million oz of silver and 14,022 oz gold produced during the first three months of last year. The Idaho-based mining company attributes the slight drop in precious metals production at Greens Creek to lower ore grades due to mine sequencing, partially offset by higher...
Coeur Mining Inc. April 9 reported that the Kensington Mine in Southeast Alaska produced 26,064 ounces of gold during the first quarter of this year, which is comparable to the 26,197 oz produced during the first three months of 2017 but down roughly 25 percent from the 34,932 oz produced during the previous quarter. The company attributes the lower output, compared to the fourth quarter of 2017, to lower planned grades related to mine sequencing as well as...
U.S. Army Corps of Engineers believes it can get to a decision on the Environmental Impact Statement for the proposed Pebble Mine project in Southwest Alaska by spring of 2020, or a little more than two years after the Pebble Partnership submitted permit applications. "If things progress as we see, a decision will be made no earlier than the spring of 2020," said Sheila Newman, deputy chief, Regulatory Division, U.S. Army Corps of Engineers – Alaska District. While this is a...
Solitario Zinc Corp. April 3 announced that Teck Resources Ltd. will be co-funding the 2018 exploration program at Lik, marking the first time Teck has been directly involved in advancing the zinc project in Northwest Alaska. Teck has long held a 50 percent interest in Lik, a promising zinc-lead-silver project about 14 miles northwest of Red Dog, a world-class zinc mine operated by the Vancouver, B.C.-based miner. Zazu Metals, which owned the remaining 50 percent of Lik until...
Northern Dynasty Minerals Ltd. April 5 reported that the deadline of the framework agreement for First Quantum Minerals Ltd. to join the Pebble Partnership has been extended from April 6 to April 30. The framework agreement entered into last December provides First Quantum with the option to earn a 50 percent interest in the Pebble Partnership for US$1.5 billion, which includes a US$150 million initial investment, made in four equal payments of US$37.5 million, to fund...
Contango ORE Inc. April 4 announced that Peak Gold LLC, a joint venture between Contango and Royal Gold Inc., has budgeted US$9.1 million for an initial phase of exploration at the Peak Gold (formerly Tetlin) project near the town of Tok in eastern Alaska. Contango ORE discovered the metals potential of Peak Gold while surveying the area for natural gas in 2008 and by 2014 had outlined a high-grade skarn deposit at the Peak zone with more than 1 million gold-equivalent...
New Age Metals Inc. April 14 announced that it has signed a binding letter of intent with Avalon Development Corp. for acquiring and exploring platinum group metals and rare earth projects in Alaska. "We are pleased to partner with Avalon Development Corp. and its president Mr. Curt Freeman in Alaska," said New Age Metals Chairman and CEO Harry Barr. "The LOI accomplishes another milestone in 2018 for NAM which was to find a new mining jurisdiction and a qualified consulting...
PolarX Limited March 20 reported that the Zackly deposit at its Alaska Range project hosts 90.8 million pounds of copper, 213,000 ounces of gold and 1.5 million oz of silver in a resource compliant with Australian Joint Ore Reserves Committee (JORC) mineral reporting standards, a code for reporting mineral resources and ore reserves similar to National Instrument 43-101 standards in Canada. A historical resource for Zackly was calculated at 1.54 million metric tons grading...
The U.S. Army Corps of Engineers – Alaska District March 28 published a Notice of Intent to prepare a draft environmental impact statement (EIS) for review of the Pebble Limited Partnership's application to discharge fill material into waters of the United States for the purpose of developing a mine at its world-class copper-gold-molybdenum project in the Bristol Bay region of Southwest Alaska A 30-day public scoping and public comment period is set to begin April 1. This s...
International Tower Hill Mines Ltd. March 14 announced that it has raised US$12 million to continue the optimization and environmental baseline studies for its Livengood gold project in Interior Alaska, and for general working capital purposes. "I am pleased to continue the technical work that can potentially improve and certainly will serve to de-risk the Livengood gold project," said Tower Hill CEO Karl Hanneman. "ITH has unique and positive fundamentals, given our land stat...
Ucore Rare Metals Inc. March 5 said it plans to be producing rare earth elements at its Ketchikan, Alaska Strategic Metals Complex, or Alaska SMC, in 2020. The exploration turned innovation company said it is now entering the second phase of due diligence for the Alaska SMC, a facility that will utilize molecular recognition technology to separate rare earths and produce individual REE oxides used in many high-tech applications. As part of its due diligence, Ucore is now...
Redstar Gold Corp. March 7 announced that it is seeking a new chief executive officer to lead the Alaska-focused gold exploration company. Former Redstar President and CEO Peter Ball has stepped down from the executive position and Chairman Jacques Vaillancourt is serving as interim-CEO until the board can fill the position. Ball joined Redstar early in 2016 and served as president and CEO as the exploration company expanded upon the high-grade gold deposits at the Unga gold...
