The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 426 - 450 of 845
Graphite One Inc. Feb. 22 announced that it has raised C$10 million to help fund ongoing evaluation of Graphite Creek and the mid-year completion of a prefeasibility study for the world-class graphite project in western Alaska. The prefeasibility study will build upon a 2017 preliminary economic assessment that outlined plans for a mine at Graphite Creek that would produce roughly 60,000 metric tons of 95% graphite concentrate per year and a separate processing facility to...
HighGold Mining Inc. March 10 announced that its 2020 drilling has discovered a new zone of what appears to be zinc-rich volcanogenic massive sulfide mineralization near the JT deposit, which opens up a whole new resource potential at the company's Johnson Tract polymetallic gold project in Southcentral Alaska. Based on historical drilling and nine holes completed by HighGold in 2019, the JT deposit hosts 2.14 million metric tons of indicated resource averaging 6.07 grams per...
Kinross Gold Corp. March 14 announced that the Peak Gold project in eastern Alaska has been renamed Manh Choh, which means Big Lake in the Upper Tanana Athabascan language. This name, chosen by Village of Tetlin Chief Michael Sam and the tribal council, refers to the 7.5- by 4.5-mile Tetlin Lake, a site of high cultural significance in the Tetlin community. Kinross says this mutual agreement on the name is symbolic of the mining company's approach in developing the high-grade...
Heatherdale Resources Ltd. March 16 announced the start of a drill program targeting the expansion of Lookout Zone, the largest deposit identified so far on the company's Niblack copper-gold-silver-zinc volcanogenic massive sulfide project in Southeast Alaska. According to a 2011 calculation, the Lookout deposit at Niblack host 5.64 million metric tons of indicated resource averaging 0.95% (118.1 million pounds) copper, 1.75 grams per metric ton (317,220 ounces) gold, 29.5...
Nova Minerals Ltd. March 15 said it is encouraged by the results from ore sorting tests completed on material sourced from the Korbel Main deposit on its Estelle gold project in Alaska. According to the most recent calculation, Korbel Main hosts 3.28 million ounces of gold in 291 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 0.35 grams per metric ton gold. This resource is expected to be expanded with a new...
Heliostar Metals Ltd. March 1 announced that its 2020 drilling tapped gold mineralization between the historic Apollo-Sitka Mine on its Unga project in Southwest Alaska. Alaska's first hardrock gold mines, Apollo and Sitka produced roughly 150,000 oz of gold from high-grade epithermal veins from 1886 until around 1922, when the high-grade gold ore transitioned to more base metals-dominant mineralization. Despite historic exploration shafts demonstrating the vein continued...
Avidian Gold Corp. March 8 reported that gold mineralization was encountered in all nine holes drilled last year at its Amanita project just south of Kinross Gold Corp.'s Fort Knox Mine in Alaska's Fairbanks Mining District. In December, the company reported results from the first two holes drilled at Amanita last year. The best intercept was encountered in hole AM20-02, which cut 22.7 meters averaging 3.11 grams per metric ton gold from a depth of 76.4 meters. The company...
Western Alaska Copper & Gold Feb. 3 reported an updated mineral resource estimate for Illinois Creek project that includes calculations for the heap leach pad and unmined resources on the western Alaska gold-silver project. Located about 65 miles southwest of the town of Galena and 120 miles north of the Donlin Gold Mine project, the 34,240-acre Illinois Creek District property is home to Illinois Creek, an open-pit mine and heap-leach operation that produced roughly 150,000...
Coeur Mining Inc. Feb. 17 reported that the 47,575 meters of drilling completed in 173 holes at Kensington during 2020 nearly replaced the 124,867 ounces of gold produced and has positioned the Southeast Alaska operation for future reserve growth. Going into 2021, Kensington had 1.68 million tons of proven and probable reserves averaging 0.197 oz/t (331,000 oz) gold; down slightly from the 1.68 million tons of proven and probable reserves averaging 0.218 oz/t (366,000 oz)...
Teck Resources Ltd. Feb. 18 reported that the Red Dog Mine produced 490,700 metric tons (1.08 billion pounds) of zinc during 2020, a roughly 11% drop from the 552,400 metric tons (1.22 billion lb) of the galvanizing metal produced in 2019. Lead production at the Northwest Alaska operation was also down slightly from the 102,800 metric tons (226.6 million lb) produced in 2019 to the 97,500 metric tons (214.9 million lb) produced last year. Teck says climate related water manage...
HighGold Mining Inc. Feb. 11 announced that surface sampling has turned up zones of high-grade silver and copper at the Difficult Creek prospect about 2.5 miles (four kilometers) northeast of the JT deposit on the company's Johnson Tract property in Southcentral Alaska. While drills were expanding upon the high-grade gold, copper, and zinc mineralization at JT, HighGold geologists carried out a large-scale regional reconnaissance program across the 21,036-acre (8,513...
Heliostar Metals Ltd. reported two zones of strong mineralization from the first hole the company drilled into the Aquila target on its Unga project in Southwest Alaska. In November, Heliostar reported that this hole, AQ20-01, cut 3.6 meters averaging 4.46 grams per metric ton gold and 6.8 g/t silver from a depth of 37.6 meters. Further assay results show this hole tapped more robust mineralization over broader depths further downhole. At 46.6 meters, hole AQ20-01 cut 17.4...
Australia-based Discovery Africa Ltd. Feb. 22 announced the staking of 308 state mining claims covering gold-silver-copper and tin-silver prospects in Southcentral Alaska. Known as the Chulitna project, this roughly 46-square-mile land package covers the Partin Creek and Coal Creek prospects about four miles west of the Parks Highway and about 155 miles north of Anchorage. This is just south of Avidian Gold Corp.'s Golden Zone project. Historical mapping, trenching, and rock...
Heliostar Metals Ltd. Feb. 18 reported additional strong gold mineralization from a late-2020 drill program testing resource expansion targets at the SH-1 zone on its Unga project in Southwest Alaska. The Unga project covers roughly 93 square miles (240 square kilometers) of the Unga and Popof islands of the southern coast of the Alaska Peninsula. The Apollo and adjacent Sitka mines, established on Unga Island in 1886, produced roughly 150,000 ounces of gold from high-grade...
HighGold Mining Inc. Jan. 21 reported that the latest batch of results from the 2020 drill program at its Johnson Tract project in Alaska has confirmed the expansion potential of the main JT deposit, as well as the deeper Footwall copper-silver zone. "We continue to be encouraged by the continuation and strength of the JT deposit mineral system at depth and by the emergence of the Footwall copper-silver zone, a new area of copper-silver rich mineralization with resource...
Alaska Industrial Development and Export Authority Feb. 10 announced that its board has approved a long-term agreement with Ambler Metals LLC to share up to $70 million of the predevelopment costs for a proposed road to the Ambler Mining District in Northwest Alaska. "This is another example of AIDEA's role in establishing public-private partnerships supporting responsible development of Alaska's natural resources," said AIDEA Chairman Dana Pruhs. Such partnerships are the...
Nova Minerals Ltd. Feb. 8 reports that it has extended the gold mineralization tapped with drilling at the Korbel Main deposit on its Estelle project in Alaska to 1,600 meters along strike and growing. "We are yet to find the extent of the Korbel Main system and continue to encounter wide gold mineralization intercepts, further expanding the footprint," said Nova Minerals CEO Christopher Gerteisen. As of September, Korbel resource blocks A and B hosted 291 million metric tons...
PolarX Ltd. Feb. 10 reported that sophisticated and professional investors have committed to a A$5 million (US$3.9 million) financing that will fund further exploration of the Australia-based company's exploration at the Alaska Range gold-copper property and Humboldt Range gold-silver project in Nevada. "We are delighted with the response to our capital raising, particularly the strong support from our existing shareholders, and we welcome the new shareholders to our register,...
White Rock Minerals Ltd. and AuStar Gold Ltd. Feb. 2 announced plans to merge into a larger mining company with a world-class portfolio of assets that include the large Red Mountain silver-zinc-gold-lead and Last Chance gold projects in Alaska, and a portfolio of exploration to producing gold assets in Australia. Under the arrangement proposed by the two companies, White Rock will acquire AuStar by issuing 0.78 White Rock shares for every AuStar share issued to shareholders....
Millrock Resources Inc. Feb. 10 announce that it has staked 208 new state mining claims associated with the Treasure Creek and Ester Dome gold properties, expanding its total land position in the Fairbanks Mining District to approximately 49,900 acres. These Interior Alaska claims are subject to purchase agreements with Felix Gold Ltd., a private Australian gold explorer that is expected to gain a listing on the Australian Securities Exchange (ASX) in the coming months. Under...
Heliostar Metals Ltd. Jan. 25 reported strong gold mineralization in the first two of nine recently drilled holes focused on the expansion of the SH-1 zone at its Unga project on an island along the Alaska Peninsula. The 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. The Apollo and adjacent Sitka mines, established on Unga Island in...
Avidian Gold Corp. Jan. 27 reported that it is preparing for a 2021 drill program to expand upon the gold mineralization encountered last year on its Amanita project in Alaska's Fairbanks Mining District. Last year, Avidian completed 1,945 meters of drilling in nine holes within the Tonsina trend, an 800-meter-wide structural corridor of gold mineralization that extends northeast from Amanita onto Kinross Gold Corp.'s Fort Knox Mine property. The company received assay results...
Hecla Mining Company Jan. 13 reported that its Greens Creek Mine in Southeast Alaska produced 10.5 million ounces of silver in 2020, a 6% increase over the 9.9 million oz produced the prior year and the highest annual production since the Idaho-based company bought full ownership of the operation in 2008. Greens Creek attributed 77% of the 13.5 million oz of silver produced at all of Hecla's operations during 2020. This helped to push companywide silver production well above...
Millrock Resources Inc. Jan. 12 announced that it has vended three of its Alaska gold exploration projects – Treasure Creek, Ester Dome, and Liberty Bell – to Alaska-based subsidiaries of Felix Gold Ltd., a newly formed Australian mineral exploration company. Millrock Resources President and CEO Greg Beischer said the team behind Felix Gold are well respected for their technical expertise and the respect of the financial groups in Australia. "It is a private company, but they...
International Tower Hill Mines Ltd. Jan. 12 announced that its board of directors has approved a 2021 budget of US$5.6 million for a work program that will primarily be focused on the completion of a prefeasibility study that details the economic and engineering parameters of developing a mine at its 11.5-million-ounce Livengood gold project in Alaska. The new PFS will follow up on a similar study completed in 2017 that outlined plans for a 52,600-metric-ton-per-day mill at...
