The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 676 - 700 of 845
Alaska Miners Association April 10 released "The economic benefits of Alaska's mining industry," a report put together by the McDowell Group that details roughly $1.26 billion in direct economic benefits from Alaska's mining sector during 2018. Healthy paychecks being brought home to more than 60 communities across Alaska is mining's biggest single economic contributor to the state. Alaska's mines, development and mineral exploration projects paid roughly $459 million to some...
White Rock Minerals Ltd. April 9 reported that following the March 25 signing of a joint venture with Sandfire Resources, the two Australian companies are already gearing up for an exciting 2019 field season at the zinc-rich Red Mountain project about 60 miles (100 kilometers) south of Fairbanks, Alaska. Two deposits already identified on the property – Dry Creek and West Tundra Flats – host 16.7 million metric tons of inferred resource averaging 4.1 percent (1.49 billion pou...
Usibelli Coal Mine April 10 reported that its crew of roughly 100 employees worked 798 consecutive days without a single lost time accident (LTA), a new safety record for the Interior Alaska mine. This surpasses the coal mine's previous safety record of 797 days without an LTA, set by its crews in 2006. "While we are proud of this accomplishment, there is never a sense of complacency about the safety challenge," said Usibelli Coal Mine President and CEO Joe Usibelli Jr. "We...
PolarX Ltd. March 25 announced that 3D modelling of magnetic data collected last year provides further evidence of a large porphyry copper-gold target at Saturn, an Alaska Range prospect previously known as Zackly SE due to its proximity to a high-grade skarn deposit on the Australian company's property. PolarX began its exploration at Alaska Range with expansion drilling at the known Zackly skarn, which hosts 3.4 million metric tons of inferred resource averaging 1.2 percent...
Graphite One Inc. March 26 reported an update resource with more graphite at higher grades, a good sign that the Graphite Creek deposit in western Alaska could provide a much needed American supply of this carboniferous material required to make the batteries powering electric vehicles. "Graphite Creek continues to show potential to be a significant domestic source of critical materials for electric vehicle batteries, power storage and various other critical and strategic end...
Trilogy Metals Inc. March 19 reported that much of the step-out drilling completed over the past two years is still too widely spaced to result in a significant increase in resources at this large copper deposit on the company's Upper Kobuk Mineral Projects in Northwest Alaska. At a cut-off grade of 0.5 percent, the open-pit portion of Bornite hosts 40.5 million metric tons of indicated resource averaging 1.02 percent (913 million pounds) copper; and 84.1 million metric tons...
International Tower Hill Mines Ltd. March 15 said it is continuing metallurgical work to define and refine the project flowsheet for its 11.5-million-ounce Livengood gold project located along a paved highway about 70 miles north of Fairbanks, Alaska. This work is part of a US$3.7 million program approved by Tower Hill's board and will build upon the metallurgical studies undertaken in 2018 to continue to define and refine the project flowsheet. Last year's program involved...
Graphite One Inc. March 18 reported that all six holes drilled last year at Graphite Creek, a large-flake graphite deposit about 37 miles (60 kilometers) north of Nome in western Alaska, cut sections topping greater than 10 percent graphite The best hole, 18GC026, cut 5.8 meters of 8.06 percent graphite from 27.8 meters; and 16.3 meters of 11.93 percent graphite from 44 meters. While this hole contained the widest intercept when considering both grade and width, all of the...
Northern Dynasty Minerals Ltd. March 12 announced plans to raise US$10 million to continue permitting and stakeholder engagement for its Pebble copper-gold-molybdenum project in Southwest Alaska. Cantor Fitzgerald Canada Corp. has agreed to lead a syndicate of underwriters, which also includes BMO Capital Markets, H.C. Wainwright & Co., LLC. and TD Securities Inc., to purchase, on a bought deal basis, 15.63 million Northern Dynasty common shares at US64 cents per share, for...
Graphite One Resources Inc. March 13 announced that it has received requisite approvals to change its name to Graphite One Inc. and consolidate its shares on a 10-to-1 basis. While developing Graphite Creek property in western Alaska is still a part of Graphite One's plans, the new name reflects Graphite One's transition to a technology and advanced materials manufacturing company that refines graphite mined at Graphite Creek into the materials needed for lithium-ion...
Redstar Gold Corp. March 12 announced that John Gray, a geologist with 25 years of experience, is to be the company's new president. Before agreeing to join Redstar, Gray served as CEO of Verde Resources, a junior exploration company that is currently in transition. He previously served as CEO of Tesoro Minerals and African Aura Resources. "We are confident that John will bring the same energy, diligence and professionalism that he successfully brought to his previous...
Freegold Ventures Ltd. March 5 reported that the potentially large porphyry copper-gold-silver-tungsten deposits it has been exploring on the Shorty Creek project in Interior Alaska has drawn the interest of Australia-based South32 Ltd. Under an option agreement with Freegold Ventures, a South32 subsidiary has agreed to fund up to US$10 million of exploration over the next four years, including US$2 million this year. This exploration spending keeps an option open for South32...
Trilogy Metals Inc. March 5 reported promising results from additional copper and cobalt metallurgical results for the Bornite project in the Ambler mining district of Northwest Alaska. According to a 2016 calculation, the Bornite project hosts roughly 6.4 billion pounds of copper and 77 million lb of cobalt. These metal quantities, however, are expected to rise when an update resource calculation currently underway is complete. Nine samples from drilling over the past two yea...
Northern Cobalt Ltd. Feb. 26 reported that a recently completed magnetic survey has confirmed the presence of a large magnetite body at its Snettisham vanadium-titanium project in Southeast Alaska. Situated about 50 kilometers (32 miles) south of Juneau, Snettisham hosts a large outcropping body of magnetite with iron, titanium, vanadium, and possibly platinum-group elements. This intrusion extends for at least 3,800 meters along the coast of the Snettisham Peninsula and up...
TNR Gold Corp. Feb. 25 said it is continuing to seek a major gold mining company to become a joint venture partner on its Shotgun Gold project in Alaska. Located about 110 miles south of the 39-million-ounce Donlin Gold mine project and about the same distance northeast of the Pebble copper-gold-molybdenum project, this property lies at the intersection of two trends known to host big deposits. TNR optioned Shotgun from Novagold Resources Inc. in 2002 and gained full...
A row that has erupted between IBC Advanced Technologies Inc. and Ucore Rare Metals Inc. threatens to delay, or even derail, the proposed Strategic Metals Complex, a rare earth element separation facility that Ucore is planning to develop near Ketchikan, Alaska. The conflict has arisen since Ucore announced its plans to buy IBC, the Utah-based company that developed the molecular recognition technology the two companies have been collaborating on applying towards the...
Solitario Zinc Corp. Feb. 19 announced that Teck American Inc., a subsidiary of Teck Resources Ltd., will manage a 2019 exploration program at Lik, a high-grade zinc project near the Red Dog Mine in Northwest Alaska. Solitario acquired a 50 percent interest in Lik through the buyout of Zazu Metals Corp. in 2017. Teck owns the other half of the joint venture property. Prior to Solitario's purchase, 17.3 million metric tons of indicated resource averaging 8.1 percent zinc, 2.7...
Hecla Mining Company Feb. 14 reported the highest silver, gold and lead reserves in its 128-year history. "The increase reflects the quality of the districts we control; our long-term, consistent strategy; and the capturing and use of all the data that long-lived mines have," said Hecla Mining President and CEO Phillips Baker, Jr. "It is particularly important that this growth comes at Greens Creek and Casa Berardi, who generate approximately 85 percent of our revenue and...
Kinross Gold Corp. Feb. 13 reported a nearly 33 percent drop in gold produced at its Fort Knox Mine in Alaska during 2018, when compared to the previous year. This operation about 25 miles north of Fairbanks produced 255,569 ounces of gold last year, a 132,546 oz drop from the 381,115 oz produced in 2017. Kinross said this lower gold output is primarily attributed to a minor pit wall slide that occurred in March, which restricted access to higher-grade ore. This problem was...
Teck Resources Ltd. Feb. 12 reported that the Red Dog zinc mine in Northwest Alaska produced 583,200 metric tons (1.29 billion pounds) of zinc during 2018, a roughly 8 percent increase over the 541.9 metric tons (1.19 billion lb) of the galvanizing metal produced in 2017. The operation also produced 98,400 metric tons (217 million lb) of lead last year, which is down about 12 percent from the previous year. During the fourth quarter, Red Dog produced 160,100 metric tons (353 m...
Trilogy Metals Inc. Jan. 6 announced a US$2 million increase to the exploration budget reported last week for the Upper Kobuk Mineral Projects in Northwest Alaska, swelling the total expenditures for 2019 to US$18.2 million. Trilogy will contribute US$1 million for this expanded program and South32 Limited will contribute the balance. This additional spending will be used for district-scale exploration across the Ambler Mining District with a focus on identifying and testing...
Royal Gold Inc. Feb. 6 said it has two criteria for any mining company interested in buying the Peak Gold project in Alaska – a willingness to make building a mine at the high-grade gold project a priority and a commitment to use the highest standards to do so. "Royal Gold will remain committed to the project over the long term through our existing royalty interests, and our considerations for any potential transfer of ownership will include a commitment to advance the project...
PolarX Ltd. Jan. 29 reported that the final assays from the 2018 drill program at its Alaska Range project continues to tap copper-gold-silver mineralization below the resource boundaries of the Zackly skarn deposit. Zackly hosts 3.4 million metric tons of inferred resource averaging 1.2 percent (90.4 million pounds) copper, 2 grams per metric ton (213,000 oz) gold and 14 g/t (1.5 million oz) silver, according to an Australian Joint Ore Reserves Committee- (JORC) resource...
Usibelli Coal Mine Jan. 30 surpassed two years of operations without a single lost time accident, a job-related injury that results in time away from work. Usibelli's safety program – Everyday Safety-At Work. At Home. At Play. – combined with the CORE Safety framework of the National Mining Association lays the foundation to make safety a core value for all mine employees. "The number one priority at UCM is safety – every day, and in everything we do," said Usibelli Coal...
Trilogy Metals Inc. Jan. 31 announced a US$16.2 million work program this year for the Upper Kobuk Mineral Projects in Northwest Alaska, a work program that is expected to result in major milestones toward realizing the world-class mineral potential the Ambler Mining District has to offer. Similar to the previous two years, Australia-based South32 Ltd. will invest US$9.2 million of the 2019 funding, which will go toward infill and resource expansion drilling at the Bornite...
