The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 501 - 525 of 845
Coeur Mining Inc. July 29 reported increased gold production at Kensington, thanks in part to more ore from the higher-grade Jualin deposit at this Southeast Alaska mine. Kensington produced 33,058 ounces of gold during the second quarter, which is slightly higher than the 32,022 oz during the first three months of the year but less than the 34,049 oz during the second quarter of 2019. The steady gold output and strong gold prices helped Kensington generate US$23.9 million of...
Millrock Resources Inc. July 29 reported it has secured exclusive rights to the Treasure Creek and Ester Dome gold exploration projects in the Fairbanks Mining District, adding to the company's portfolio in the Tintina Gold Belt. Treasure Creek is a roughly 34,600-acre land package about 20 miles west of Kinross Gold Corp.'s Fort Knox Mine, which has produced more than 8 million ounces of gold. According to Alaska Division of Geological and Geophysical Survey reports more...
Kinross Gold Corp. July 29 reported higher gold production and lower costs at its Fort Knox Mine in Alaska. During the second quarter of 2020, Fort Knox produced 56,031 ounces of gold, which is roughly an 8% increase over the 51,667 oz produced during the first quarter and slightly better than the 55,440 oz produced at the Interior Alaska mine during the second quarter of 2019. Kinross attributes the increased gold production to higher mill grades and recoveries, when...
HighGold Mining Inc. July 22 announced that it now plans to complete at least 15,000 meters of drilling this year at its Johnson Tract Gold Project in Southcentral Alaska. HighGold had originally planned to complete 7,000 to 10,000 meters of drilling during the 2020 program at Johnson Tract. Strong investor interest, however, resulted in a very strong financing that closed earlier this month. As a result, the company has expanded the scope of this year's work. "With the...
International Tower Hill Mines Ltd. July 15 announced it has finalized the key contracts for completion of a pre-feasibility study for developing a mine at its 11.5-million ounce Livengood Gold project in Alaska and expects to release the results of the PFS in October 2021. This will follow-up on a 2017 PFS that outlined plans for a 52,600-metric-ton-per-day mill that would produce 6.8 million oz of gold over a 23-year mine life, or roughly 294,100 oz annually. This mine plan...
Nova Minerals Ltd. July 15 reported long intercepts of gold mineralization in two more holes drilled into Korbel resource block B at its 54,400-acre (220 square kilometers) Estelle project in Alaska. "We are pleased to report more thick drill intercepts which are an exciting and significant development in our phase 1 resource upgrade with all holes hitting extensive mineralization," said Nova Minerals CEO Christopher Gerteisen. Situated roughly 100 miles (160 kilometers)...
Trilogy Metals Inc. July 8 confirmed that the 2020 field programs at the Upper Kobuk Mineral Projects in Northwest Alaska has been deferred due to the COVID-19 pandemic. Ambler Metals LLC, a joint venture operating company equally owned by Trilogy Metals and South32 Ltd., had budgeted US$22.8 million for the 2020 program. Following the novel coronavirus outbreak, Ambler Metals met with NANA Corp., the Alaska Native Claims Settlement Act (ANCSA) regional corporation for...
Northern Star Resources Ltd. June 8 reported that its Pogo Mine in Alaska produced 49,353 ounces of gold during the second quarter of 2020, despite several cases of COVID-19 at this operation about 90 miles southeast of Fairbanks. "The results at our Pogo mine in Alaska were particularly pleasing given the challenging circumstances emanating from COVID-19, where we effectively managed safe operations with 36 confirmed cases through the quarter," said Northern Star Resources Ex...
HighGold Mining Inc. July 8 announced that it has raised C$12 million to fund an expanded drill program at its Johnson Tract gold project in Southcentral Alaska. Situated on Cook Inlet Region Inc., or CIRI, land on the west side of Cook Inlet, Johnson Tract hosts high-grade gold mineralization that is further enriched by associated silver, copper, zinc, and lead. According to a calculation earlier this year, the JT deposit at Johnson tract hosts 2.14 million metric tons of...
Hecla Mining Company July 10 said silver production at its Greens Creek silver mine exceeded expectations during the first half of 2020, due to the higher grade ore mined there. The Southeast Alaska operation produced 5.53 million ounces of silver during the first six months of this year, a 20% increase over the 4.61 million oz produced during the first half of 2019. During the three months ending June 30, Greens Creek produced 2.75 million oz of silver, a 16% increase over...
HighGold Mining Inc. June 30 announced the start of the 2020 exploration program at its Johnson Tract gold project in Southcentral Alaska. During the initial phase of this program, the company plans to complete 7,000 to 10,000 meters of diamond drilling to investigate five targets surrounding the property's JT deposit. "We are excited to launch on the first serious exploration drill program in 25 years at Johnson" said HighGold Mining President and CEO Darwin Green. According...
Grande Portage Resources Ltd. June 30 announced the start of an 18- to 20-hole drill program that includes resource expansion and exploration drilling at its Herbert Gold project in Southeast Alaska. Located about 16 miles north of Juneau, Herbert Gold hosts 1.88 million metric tons of indicated resource average 10.03 grams per metric ton (605,000 ounces) of gold; plus 553,429 metric tons of inferred resource averaging 14.15 g/t (251,700 oz) gold. This resource is contained wi...
Tectonic Metals Inc. June 25 announced that it has added a new gold property in the Goodpaster Mining District and acquired a dataset that will assist the company's exploration across this gold-rich region of Alaska's Interior. The new property, known as Maple Leaf, is roughly nine miles (15 kilometers) northeast of Tectonic's Tibbs project and about 31 miles (50 kilometers) east of Northern Star Resources Ltd.'s Pogo gold mine. The Tectonic team staked this 11,840-acre...
Constantine Metal Resources Ltd. June 24 announced a US$2.15 million budget for 2020 activities related to the Palmer zinc-copper-gold-silver project in Southeast Alaska. Funded by the Constantine Mining LLC Joint Venture, which is co-owned by Constantine (51%) and Dowa Metals & Mining Co. Ltd. (49%), the program includes summer field work, environmental and project permitting work for future underground exploration development, and continued outreach to keep the Haines...
Nova Minerals Ltd. July 23 reported more very wide gold intercepts in the first two 2020 holes drilled into the Korbel target on the Australian junior's Estelle gold property in Alaska. Located about 100 miles (160 kilometers) northwest of Anchorage, Alaska's largest city, Estelle hosts 181.3 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 0.43 grams per metric ton (2.5 million ounces) gold. This resource is...
PolarX Ltd. June 18 said it has secured the funds needed to carry out its 2020 drill program at Zackly East and plans to have drills turning on this high-grade gold-copper skarn in about four weeks. The Australia-based mineral explorer said sophisticated and professional investors have committed to acquiring roughly 99 million PolarX shares at A3.8 cents each, which will gross the company approximately A$3.76 million (US$2.58 million). PolarX said the net proceeds from the...
Freegold Ventures Ltd. June 16 announced the resumption of its 2020 program at Golden Summit with a planned 10,000-meter drill program targeting high-grade gold mineralization encountered on the property north of Fairbanks, Alaska earlier this year. A winter drill program that got underway in early March tested Freegold Ventures' theory that higher grade gold mineralization extends west from the historic Cleary Hill Mine, which produced 281,000 ounces of gold from ore...
Millrock Resources Inc. and Resolution Minerals Ltd. have resumed the highly anticipated drilling at the 64North project in Alaska's Goodpaster Mining District. The exploration partners got an early start to 2020 exploration on this property immediately west of Northern Star Resources Ltd.'s Pogo gold mine but were forced to idle down the drills due to health and travel concerns related to the COVID-19 pandemic. Drill crews completed one hole at a secondary target, which was s...
White Rock Minerals Ltd. June 10 said a team of geologists is slated to explore the Last Chance prospect in preparation for the first drilling at this gold discovery on the company's Red Mountain project in Interior Alaska. A detailed regional stream sediment program carried out last year led to the discovery of Last Chance, which is located on the west end of White Rock's 216-square-mile (559 square kilometers) property about 60 miles (100 kilometers) south of Fairbanks. Whil...
Avidian Gold Corp. June 1 said it has signed a binding letter of intent to acquire the Fish Creek gold property near Kinross Gold Corp.'s Fort Knox Mine in Alaska from Keltic Enterprises Inc. Situated about four miles east of the area currently being mined at Fort Knox and immediately west of Kinross' Gil deposit, Fish Creek consists of 1,032 acres of state mineral lease lands. Avidian already owns Amanita, 3,608-acre property on state lands boarding the south side of the...
Tectonic Metals Inc. June 2 announced plans to raise an additional C$3 million to fund 2020 drill programs on two of its Alaska properties – Tibbs and Seventymile. In April, Doyon Ltd. invested US$1.5 million (C$2.1 million) to acquire a 16.1% strategic ownership of Tectonic. An Alaska Native Claims Settlement Act (ANCSA) regional corporation, Doyon owns 12.5 million acres of land spanning Alaska's Interior, making it the largest private landholder in the state and one of t...
Freegold Ventures Ltd. May 26 announced that it has closed C$5 million of an up to C$10 million financing, which will fund ongoing exploration and other work related to its Golden Summit and Shorty Creek mineral exploration properties in Alaska. Noted resource investor Eric Sprott has agreed to invest a total of C$6 million in Freegold's private placement, including C$2 million in the recently completed initial tranche and C$4 million in a second tranche expected to close on...
Nova Minerals Ltd. May 24 said visual observation of core from this year's drilling at its Estelle project in Alaska indicates that mineralization extends beyond the inaugural 2.5-million-ounce inferred gold resource outlined in the Korbel deposit last summer. Though assays are pending, Nova said hole KBDH-002 cut quartz-arsenopyrite veinlets from near the top of the hole to a depth of 200 meters below the block model outline, which extends to a depth of nearly 300 meters....
Northway Resources Corp. May 26 announced plans to carry out mapping, sampling, and geophysics to refine gold targets on its Healy and Napoleon gold projects in Alaska's Eastern Interior region. Formed in 2018 and taken public last year, Northway is TSX Venture Exchange-listed company that focused its 2019 exploration primarily on Healy, a discovery stage gold project in the vicinity of Northern Star Resources 10-million-ounce Pogo Gold Mine property. Healy was first identifie...
PolarX Ltd. May 19 announced plans to carry out a roughly 3,000-meter drill program to test the high-grade copper and gold previously encountered in the Zackly East skarn deposit on its Alaska Range property Extending for roughly 22 miles (35 kilometers), Alaska Range consists of two adjacent copper and precious metal projects – Stellar and Caribou Dome – the Australia-based explorer merged in 2017. Zackly skarn is found in the middle of a 7.5-mile- (12 kilometers) long min...
