The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 626 - 650 of 845
Graphite One Inc. Sept. 9 announced it has secured the funding to finalize a prefeasibility study for its Graphite Creek project in western Alaska. Taiga Mining Company Inc., an Alaska-based company that is a major Graphite One shareholder, has agreed to loan Graphite One US$4.8 million for the advanced engineering and economic study for developing a graphite mine and processing facility. "In our current challenging capital markets, a commitment of US$4.8 million – which is ex...
Nova Minerals Ltd. Sept. 2 said results from this year's drill program at its Estelle gold project in Alaska has cut higher grade, near-surface mineralization within a bulk tonnage gold deposit at Oxide Korbel. Oxide Korbel is a prospect area that roughly covers an area previously referred to as Oxide Ridge toward the north end of the roughly 18-mile-long Estelle property. SE11-01, the Oxide Ridge discovery hole drilled by Millrock Resources Inc. in 2011, cut 450.7 meters...
United States Bureau of Land Management Aug. 30 published the Draft Environmental Impact Statement for the proposed Ambler Mining District Industrial Access Road to the Federal Register, marking the official start of a 45-day public comment period for this proposed 211-mile transportation corridor to one of the richest undeveloped minerals districts in Alaska. Alaska Industrial Development and Export Authority, which is expected to build and maintain the Ambler road and be...
Northway Resources Corp., a new company with two gold exploration properties in Alaska, Aug. 26 announced the completion of an initial public offering and listing on the TSX Venture Exchange. "We are very excited about closing this transaction and being listed as a new public company on the TSXV," said Northway Resources President and CEO Zach Flood. "Northway Resources was founded last year with the primary focus to explore for gold in Alaska." Northway is currently focused...
Ucore Rare Metals Inc. Aug. 29 reported that Alaska Gov. Michael Dunleavy has asked the White House to designate Bokan-Dotson Ridge rare earth project as a high priority infrastructure project, which would expedite the permitting process for this potential critical metals mine in Southeast Alaska. "The state of Alaska understands the critical nature of a secure supply chain for rare earth minerals in the United States. We are seeking your support to have this Alaskan rare...
Quaterra Resources Inc. Aug. 26 announced the start of a 1,500-line-kilometer ZTEM (z-axis tipper electromagnetic) geophysical survey at Groundhog, a 40,000-acre property that covers a northern extension of a structural zone that hosts several porphyry targets and deposits, including the world-class Pebble copper-gold-molybdenum deposits about three miles to the south. Alaska Earth Sciences, an Anchorage-based geological consulting firm, discovered the Groundhog prospect and K...
Ucore Rare Metals Inc. Aug. 22 announce that that it met with senators Lisa Murkowski (R-Alaska) and Dan Sullivan (R-Alaska) in separate visits to Ketchikan, Alaska, to discuss Ucore's promise as a secure domestic supply source for rare earth elements crucial to U.S. defense, manufacturing, and industrial base needs. "We're delighted to be working with two influential federal senators, both of whom recognize the importance of secure domestic supply chains for critical...
Redstar Gold Corp. Aug. 22 renewed its lease for the Unga project on islands just off the Alaska Peninsula and plans to resume exploration of the high-grade gold project later this year. Aleut Corp., an Alaska Native Claims Settlement Act (ANCSA) regional corporation, owns the mineral rights to most of Unga. Two ANCSA village corporations, Shumagin and Unga, own much of the surface estate on this island. More information on Aleut Corp can be found at Aleuts Ring of Fire...
Freegold Ventures Ltd. announced the start of a roughly 2,000-meter drill program at Shorty Creek, a porphyry gold-copper project about 75 miles northwest of Fairbanks. This drilling is being funded by a wholly owned subsidiary of South32 Ltd., which entered into an option agreement with Freegold Ventures to acquire 70 percent interest in Shorty Creek for US$30 million, less any money the Australia-based major invests in exploring the promising copper-gold-silver-tungsten...
Nova Minerals Ltd. Aug. 12 reported that the preliminary resource drill program at its Estelle gold project in Alaska has been completed on time and under budget. As a result of the acceleration of its induced polarization (IP) geophysical survey and drill campaign this year, Nova said it has made significant headway toward reporting an initial Australian Joint Ore Reserves Committee- (JORC) compliant for Oxide Korbel, a new occurrence in the Oxide area at the north end of the...
Hecla Mining Company Aug. 6 reported that drilling at Greens Creek has upgraded and expanded the resources in East Ore, NWW and 9A, zones. East Ore is a zone that comes to surface at the Big Sore outcrop that led to the Greens Creek discovery. Going into 2019, this zone continued to host 454,800 metric tons of indicated resource averaging 12.6 ounces per ton (5.73 million oz) silver, 7.86 percent (35,760 tons) zinc, 2.94 percent (13,390 tons) lead and 0.089 oz/t (40,600 oz) go...
PolarX Ltd. Aug. 6 reported that initial data from an induced polarization (IP) geophysical survey over the Saturn target at its Alaska Range project has identified large anomalies which are consistent with the porphyry copper‐gold mineralization being targeted by drilling that is now underway. Funded by an A$4.3 million investment by Lundin Mining Corp. in June, this 5,000-meter drill program is expected to include eight to 10 deep holes. PolarX identified Saturn as a p...
Kinross Gold Corp. July 31 reported that the Fort Knox Mine in Interior Alaska produced 55,440 ounces of gold during the second quarter of 2019. This is a 47 percent increase over first quarter gold production but down 22 percent from the second quarter of 2018. The higher production, when compared to the first quarter, helped push down the costs to produce an ounce of gold at this open-pit operation about 25 miles north of Fairbanks. The cost for each ounce of gold sold...
Constantine Metal Resources Ltd. July 31 reported that it has received state approvals for underground exploration at Palmer, the next major step in the advancement of this zinc-copper-gold-silver-barite project in Southeast Alaska. In June, Constantine published a preliminary economic assessment that outlines plans for a 3,500-metric-ton-per-day operation at Palmer that would produce 1.07 billion pounds of zinc, 196 million lb of copper, 18 million ounces of silver, 91,000...
New Age Metals Inc. July 25 announced the start of a 2019 exploration program focused on mapping hydrothermal alteration to better define drill targets on its Genesis platinum group metals-nickel-cobalt project in Southcentral Alaska. Situated along the Richardson Highway about 75 highway miles north of the deep-water port city of Valdez, Genesis is an under-explored palladium-platinum-nickel-copper property with great infrastructure. Previous sampling at Sheep Hill, one of...
Grande Portage Resources Ltd. July 29 announced the start of a summer field program at its Herbert Gold project in Southeast Alaska that includes trenching and channel sampling across the Deep Trench and Main veins, as well as prospecting other potential veins running across this property north of Juneau. According to a calculation completed in May, Herbert Gold hosts 1.88 million metric tons of indicated resource average 10.03 grams per metric ton (605,000 ounces) of gold;...
Millrock Resources Inc. July 29 announced that it has raised C$1 million to help fund exploration of its West Pogo gold project in the Goodpaster Mining District, as well as generate new properties and seek out partners to fund further exploration in Alaska. As a project generating mineral exploration company, Millrock has long been bullish on the potential of the Goodpaster, a gold mining district about 100 miles east of Fairbanks that hosts Northern Star Resource Ltd.'s...
Hecla Mining Company July 18 reported that its Greens Creek Mine produced 2.37 million ounces of silver during the second quarter of 2019, a 19 percent increase over the same period of 2018. This marks the highest silver production at the Southeast Alaska operation in three years. Greens Creek also churned out 13,256 oz of gold during the quarter ending June 30, which is down 3 percent compared to a year ago. The Idaho-based miner said higher ore grades due to mining...
White Rock Minerals Ltd. July 16 announced that its joint venture partner Sandfire Resources NL has committed another US$1.5 million into the 2019 exploration at Red Mountain, extending activities into September at this zinc-rich volcanogenic massive sulfide (VMS) project southeast of Fairbanks, Alaska. Sandfire, a mid-tier Australia-based mining company, can earn up to a 70 percent joint venture interest in Red Mountain by investing US$21.6 million into and completing a...
PolarX Ltd. July 10 said a roughly 5,000-meter drill program is slated to begin this month at the Saturn copper‐gold porphyry target within its Alaska Range project. Funded with the recent AU$4.3 million investment by Lundin Mining Corp., this program is expected to include eight to 10 deep holes targeting a porphyry copper‐gold target identified in early 2018 through evaluation of regional aeromagnetic geophysical data and confirmed through a higher‐resolution survey carried...
Trilogy Metals Inc. July 3 provided an update on the US$18.2 million of activities being carried out this year across its roughly 353,400-acre Upper Kobuk Mineral Projects in the Ambler Mining District of Northwest Alaska. The largest portion of this program, in terms of dollars spent during 2019, is an 8,000-meter drill program aimed at upgrading and expanding the copper-cobalt resource at Bornite. At a cut-off grade of 0.5 percent, the open-pit portion of Bornite hosts 40.5...
Constantine Metal Resources Ltd. June 27 said a drill program aimed at expanding and upgrading the zinc-copper-gold-silver-barite resources at the Palmer project in Southeast Alaska is now underway. In early June, the company released a preliminary economic assessment for developing a mine at Palmer that is both economically robust and environmentally conscientious. The PEA looks at a 3,500-metric-ton-per-day operation at Palmer that would produce 1.07 billion pounds of zinc,...
Constantine Metal Resources Ltd. June 28 reported that recent resampling of historical core from the Johnson Tract gold property in Southcentral Alaska returned long zones of high-grade gold, along with zinc, copper, lead and silver. The results from this resampling are included in a technical report filed in advance of a July 25 meeting for shareholders to vote on Constantine's proposal to spin out Johnson Tract and the company's other gold properties into HighGold Mining...
Northern Cobalt Ltd. July 1 reported that metallurgical sampling of rock chip samples from its Snettisham project demonstrates the potential to produce a high-grade magnetite (iron) concentrate with vanadium credits, providing further confidence in the economic viability of this Southeast Alaska project. In June, the Australia-based company estimated that the mafic-ultramafic Alaskan zoned intrusive complex at Snettisham hosts 297 to 551 million metric tons of high-grade...
White Rock Minerals Ltd. June 24 provided an update on the 2019 exploration program it is carrying out with joint venture partner Sandfire Resources NL to discover the next high-grade zinc and precious metals deposit on the Red Mountain volcanogenic massive sulfide property in Interior Alaska. Red Mountain already hosts two zinc-lead-copper-silver-gold deposits – Dry Creek and West Tundra Flats (WTF) – with 16.7 million metric tons of Australian Joint Ore Reserves Committee- (...
