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 845
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...
Northern Dynasty Minerals Ltd. Feb. 23 announced a slight bump in the resource for its Pebble copper-gold-molybdenum-silver deposit in Southwest Alaska. The Pebble deposit now hosts 6.46 billion metric tons of measured and indicated resource averaging 0.4 percent (56.9 billion pounds) copper, 0.34 grams per metric ton (70.6 million ounces) gold, 240 parts per million (3.4 billion lb) molybdenum and 1.7 g/t (344.6 million oz) silver. Additionally, this world-class deposit...
White Rock Minerals Ltd. Feb. 27 said it is gearing up for the start of a spring exploration program at Red Mountain, a zinc-rich volcanogenic massive sulfide project in Interior Alaska. "The company is very excited about the potential for its globally significant high-grade zinc VMS project at Red Mountain," said White Rock CEO Matt Gill. Last year, the company reported a maiden resource of 16.7 million metric tons averaging 4.1 percent (1.49 billion pounds) zinc; 1.7...
Constantine Metal Resources Ltd. Feb. 27 said it has initiated a metallurgical test program to determine if a marketable barite concentrate can be produced as a co-product from the Palmer copper-zinc-gold-silver project in Southeast Alaska. In a report published earlier this year, the U.S. Geological Survey named barite among 23 minerals considered "critical" to the economic and national security of the United States. Palmer hosts a volcanogenic massive sulfide (VMS) deposit...
Novagold Resources Inc. Feb. 20 said the 16-hole drill program carried out last year at Donlin Gold, a world-class gold mine project in Yukon-Kuskokwim region of western Alaska, encountered long sections of high-grade gold within the reserve pit and in areas outside of the currently proposed mine area. "Donlin Gold's latest drill results are better than expected, further demonstrating the incredibly robust quality of this exceptional project," said Novagold President and CEO...
Sen. Donny Olson, D-Golovin, Feb. 19 introduced Senate Bill 203, legislation that would allow the Alaska Industrial Development Export Authority (AIDEA) to issue up to US$80 million in bonds to finance infrastructure and construction costs of the Graphite Creek graphite project on the Seward Peninsula. Located about 35 miles north of Nome, the Graphite Creek hosts 744,000 metric tons of graphite in 10.32 million metric tons of indicated resource grading 7.2 percent graphitic c...
Alaska Resource Education Jan. 13 announced that Ella Ede, a lifelong Alaskan with more than 25 years of experience in Alaska resource industries, has been appointed as the organization's executive director. Ede brings experience in mining as well as oil and gas, most recently as stakeholder engagement manager for Statoil Alaska. "Ella's experience, industry knowledge and demonstrated commitment to ARE's mission make her an outstanding choice to lead the organization," said AR...
Teck Resources Ltd. Feb. 14 reported that the Red Dog zinc mine in Northwest Alaska produced 541,900 metric tons (1.19 billion pounds) of zinc and 111,300 metric tons (245.4 million lb) of lead during 2017. During the fourth quarter, Red Dog produced 141,200 metric tons (331.3 million lb) of zinc, which was 3 percent lower than the same period a year ago. Teck attributes this drop primarily to slightly lower mill throughput and grade. Fourth quarter lead production of 25,000...
Hecla Mining Company Jan. 12 reported that drilling at Greens Creek continues to tap the high-grade mineralization that will help ensure a long and robust life for this silver mine in Southeast Alaska. "(D)rilling at Greens Creek discovered high-grade mineralization in the central part of the mine that could enhance Greens Creek's already exceptional mine economics and mine life," said Hecla President and CEO Phillips Baker, Jr. The fourth quarter drilling at Greens Creek targ...
Northern Dynasty Minerals Ltd. Feb. 5 reported that the U.S. Army Corps of Engineers has selected AECOM as the third-party contractor that will support them in completing an environmental impact statement for the Pebble project – a significant milestone in the advancement of a National Environmental Policy Act (NEPA) review of the proposed open pit copper-gold-molybdenum mine in Southwest Alaska. AECOM is a global, integrated engineering, environmental, construction and i...
Hecla Mining Company Feb. 7 reported the highest silver, gold and lead reserves in the Idaho-based miner's 127-year history, as well as the highest zinc reserve in the last five years. The company went into 2018 with 2.3 million ounces of gold in reserves, a 12 percent increase from the beginning of 2017; 177 million oz of silver, an increase of 3 percent; 737,290 tons of zinc, an 8 percent increase; and 840,870 tons of zinc, a 15 percent increase in reserves. "It is a...
