The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 751 - 775 of 845
Contango ORE Inc. Aug. 30 said a preliminary economic assessment (PEA) for the Peak Gold (formerly Tetlin) project in eastern Alaska is slated for completion by the end of September. Being advanced by a joint venture between Contango ORE (60 percent) and Royal Gold Inc. (40 percent), the Peak Gold project hosts two parallel gold-rich skarn deposits – Main Peak and North Peak – and 850,000 acres of underexplored and highly prospective land. The two Peak skarn deposits host a g...
Freegold Ventures Ltd. Aug. 24 announced the start of a modest drill program at its Shorty Creek Project property in Interior Alaska, where previous drilling has cut long sections of porphyry copper-gold-silver-cobalt-tungsten mineralization. Lying alongside the paved Elliott Highway about 75 miles northwest of Fairbanks, Shorty Creek is adjacent to International Tower Hill Mines Ltd.'s 11.5-million-ounce Livengood gold project. Freegold's inaugural drill program at Shorty...
New Age Metals Inc. Aug. 29 announced the completion of a technical report that outlines a three-year plan for furthering exploration at its Genesis platinum group metals-copper-nickel project in Southcentral Alaska. Located about 75 miles north of Valdez and less than three miles from the paved highway leading to the port town, Genesis is an underexplored project that covers a 5.6-mile stretch of know PGM mineralization. This mineralization includes a drill-ready reef style...
PolarX Ltd. reported additional high-grade gold-copper mineralization well outside the resource boundary at the Zackly skarn deposit on the Australian explorer's Alaska Range Project. The Zackly deposit hosts 3.4 million metric tons of inferred resource grading 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 a resource calculation completed early this year. With the goal of expanding this...
Riversgold Ltd. Aug. 22 announced the start of a 1,000-meter drill program testing the highest priority targets identified so far on its gold exploration properties in Southwest Alaska. Perth, Australia-based Riversgold owns three gold exploration properties – Luna-Quicksilver, Kisa and Gemuk – that blanket 27,122 acres of the Kuskokwim Mountains about 95 miles southwest of the 39-million-ounce Donlin Gold Mine project. Apart from Kisa, the company said none of the pro...
Constantine Metal Resources Ltd. Aug. 21 reported results from four holes from this year's 10,000-meter drill program that continue to expand the South Wall and AG zones at the Palmer project in Southeast Alaska. South Wall-RW, the primary volcanogenic massive sulfide deposit outlined so far at Palmer, contains 8.1 million metric tons of inferred resources averaging 5.25 percent (940.4 million pounds) zinc, 1.41 percent (252.6 million lb) copper, 0.32 g/t (83,600 ounces) gold...
White Rock Minerals Ltd. Aug. 20 reported high-grade zinc grades were encountered in a second hole at the Hunter discovery on the company's Red Mountain project in Alaska. Hunter was discovered during a reconnaissance exploration program seeking new volcanogenic massive sulfide prospects across White Rock's 35,300-acre Red Mountain property. While mapping and sampling an area about 5,200 meters southeast of Dry Creek, one of two zinc-lead-copper-gold-silver deposits on the...
PolarX Ltd. Aug. 21 announced that assay results confirm that drilling has tapped copper and gold well below the currently outlined Zackly skarn deposit at the Australian explorer's Alaska Range project. Based on historical drilling and 13 holes completed last year, the Zackly deposit hosts 3.4 million metric tons of inferred resource grading 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. This resource...
PolarX Ltd. Aug. 15 reported that assay results confirm the outstanding copper-gold mineralization observed in the core from hole ZX-18020, a hole drilled some 850 meters east of the current resource at the Zackly deposit on the company's Alaska Range project. Starting at a depth of 2.5 meters, this hole cut 54.6 meters averaging 2.8 grams per metric ton gold, 9.4 g/t silver and 0.6 percent copper, including a 0.3-meter (one foot) section from 56.7 meters averaging 27.3...
Constantine Metal Resources Ltd. Aug. 13 reported that results from metallurgical testing demonstrate a premium-quality barite concentrate can be produced as a co-product to the copper, zinc, gold and silver found in the volcanogenic massive sulfide deposit at the Palmer project in Southeast Alaska. According to a resource calculated in 2015, the South Wall-RW deposit at Palmer hosts 8.1 million metric tons of inferred resource averaging 5.25 percent (940.4 million pounds)...
Ucore Rare Metals Inc. Aug. 14 said the John S. McCain National Defense Authorization Act for Fiscal Year 2019 signed into law by President Donald Trump is a turning point for the rare earth element sector in the United States. The new legislation, more commonly known as the 2019 National Defense Authorization Act, prohibits the U.S. Department of Defense from acquiring rare earth magnets – along with certain tungsten, tantalum and molybdenum products – from China, Rus...
Hecla Mining Company Aug. 7 reported that drilling in the second quarter and strong assay results received from drilling in the first quarter have upgraded and expanded the Deep 200 South, Gallagher, East Ore, Upper Plate and Southwest Bench zone resources at its Greens Creek Mine in Southeast Alaska. Drilling has extended the Deep 200 South Zone, especially to the south. One hole drilled in the southern portion of Deep 200 South cut eight feet (2.4 meters) averaging 101.4...
Graphite One Resources Inc. Aug. 7 announced the start of a field program to a pre-feasibility study for the company's Graphite Creek deposit about 37 miles north of Nome, Alaska. A resource estimate calculated early in 2017 outlines 744,000 metric tons of graphite in 10.32 million metric tons of indicated resource grading 7.2 percent graphitic carbon; plus 4.7 million metric tons of graphite in 71.24 million metric tons of inferred resource averaging 7 percent graphitic...
White Rock Minerals Ltd. Aug. 6 reported that drilling has tapped massive sulfide mineralization at the recently discovered Hunter prospect on the company's Red Mountain project about 60 miles south of Fairbanks, Alaska. Hunter was discovered during a reconnaissance exploration program that has already identified several new volcanogenic massive sulfide prospects across White Rock's 35,300-acre Red Mountain property. While mapping and sampling of this area about 5,200 meters s...
White Rock Minerals Ltd. Aug. 1 reported that its reconnaissance exploration has identified several new volcanogenic massive sulfide prospects across its 35,300-acre Red Mountain property in Interior Alaska. The most exciting of these discoveries is Hunter, where a two-foot massive sulfide outcrop rich in sphalerite (zinc mineralization) and galena (lead mineralization) has been discovered. White Rock Minerals said the massive sulfide discovered at Hunter extends for more...
Nova Minerals Ltd. (formerly Quantum Resources Ltd.) July 31 said it plans to complete at least 8,000 meters of drilling over the next six to eight weeks at the Estelle gold-copper-silver project about 100 miles northwest of Anchorage. The Australia-based explorer optioned Estelle late in 2017 as part of a larger deal that included four other Southwest Alaska properties – Chip-Loy, a nickel-copper-cobalt-gold-silver-platinum group element project; Bowser Creek silver-zinc-lead...
Teck Resources Ltd. July 26 reported that the Red Dog Mine in Northwest Alaska produced 153,600 metric tons (338.6 million pounds) of zinc during the second quarter. This is 26 percent more zinc than was produced during the first quarter and a 20 percent increase over the same period last year. Teck Resources President and CEO Don Lindsay attributes the higher zinc output "to higher-grade ore and improved recoveries." The 25,700 metric tons (56.7 million lb) of lead produced...
Kinross Gold Corp. Aug. 1 reported lower gold production and higher costs at its Fort Knox Mine due to lower ore grades and the minor pit wall slide that occurred at this Interior Alaska operation in March. Fort Knox produced 71,463 ounces of gold during the second quarter of 2018, a roughly 22 percent decrease from the 91,237 oz recovered during the same period last year. The per-ounce cost of Fort Knox gold sold during the quarter was US$969, a 53 increase over the US$635...
PolarX Ltd. July 24 reported that drilling at its Alaska Range project continues to cut stellar visible copper mineralization beyond the Zackly skarn deposit. A 13-hole drill program carried out in 2017 upgraded the historical Zackly deposit to 3.4 million metric tons of JORC- (Australian Joint Ore Reserves Committee) compliant inferred resource grading 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. This...
Solitario Zinc Corp. July 23 reported that Teck Resources Ltd. has begun a field program at Lik, a high-grade zinc project near the Red Dog Mine in Northwest Alaska. Solitario gained a 50 percent ownership of Lik when it bought Zazu Metals Corp. in 2017. Prior to this buy-out, Zazu had been funding and operating the exploration at Lik under an arrangement that provided it the opportunity to earn 80 percent interest in the property by meeting spending requirements. While Zazu...
Trilogy Metals Inc. July 20 filed a technical report that includes the 77 million pounds of cobalt resource outlined so far at the Bornite project in Northwest Alaska. "Now that we have filed the new technical report for the Bornite project, the next step is to finish the metallurgical test work on the cobalt resources, which we expect to be completed by the end of the year," said Trilogy Metals President and CEO Rick Van Nieuwenhuyse. In total, Bornite is estimated to host...
Millrock Resources Inc. July 18 said roughly US$5 million of partner-funded exploration is being carried out across its portfolio of mineral properties, including 10,000 meters of drilling at three projects in Alaska and Mexico. "We have plenty of potential catalysts to improve the Millrock share price through the discovery of valuable resources," said Millrock President and CEO Greg Beischer. Millrock Resources is a project generating mineral exploration company with five...
PolarX Ltd. July 17 reported that strong, visible copper and gold mineralization was seen in ZX‐18018, a recently completed hole that drilled about 100 meters below the current resource at the Zackly skarn deposit on the Australian explorer's Alaska Range property. A 13-hole drill program carried out in 2017 upgraded the historical Zackly deposit to 3.4 million metric tons of JORC- (Australian Joint Ore Reserves Committee) compliant inferred resource grading 1.2 percent (...
Constantine Metal Resources Ltd. said the first two holes of a 10,000-meter drill program at its Palmer joint venture project encountered wide intervals of silver-gold-zinc-lead-barite volcanogenic massive sulfide mineralization 150 meters southeast of the AG Zone, increasing the strike length of this 2017 discovery to 350 meters. Being carried out by a joint venture between Constantine Metal Resources (51 percent) and Dowa Metals & Mining Co. Ltd. (49 percent), this year's...
White Rock Minerals Ltd. July 10 announced that Sandfire Resources NL, a mid-tier Australian mining company that operates the high-grade DeGrussa copper-gold mine in Western Australia, plans to make a significant investment in White Rock's Red Mountain, a zinc enriched volcanogenic massive sulfide project about 60 miles south of Fairbanks, Alaska. "White Rock welcomes Sandfire as a strategic partner and cornerstone investor that shares White Rock's vision for the exploration...
