The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 776 - 800 of 845
Riversgold Ltd. July 9 said it has begun a seven-week exploration program that is expected to include drilling at several targets on its gold properties in Southwest Alaska. A Perth-based mineral exploration company that listed on the Australia Stock Exchange late in 2017, 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 Min...
Ucore Rare Metals, Inc. July 3 announced the company representatives met with senior Trump Administration and Congressional officials in Washington, D.C. to discuss American dependence on the Chinese supply of critical materials, and Ucore's plans to develop a strategic metals complex in Southeast Alaska that would provide the United States a domestic supply of rare earth elements. "Near complete dependence on potentially unreliable foreign sources of rare earth materials...
White Rock Minerals Ltd. July 4 reported exceptional grades in the first two holes targeting the down plunge extension of mineralization in the Discovery and Fosters lenses of the Dry Creek volcanogenic massive sulfide deposit on the Red Mountain project in Interior Alaska. Hole DC18-77 cut 4.26 meters averaging 4.8 percent zinc, 2.3 percent lead, 1,435 grams (46.1 ounces) per metric ton silver, 2.2 g/t gold and 0.5 percent copper – this is the equivalent of 43.2 percent z...
Novagold Resources Inc. June 27 reported that the permitting to develop a mine at Donlin Gold project is nearly complete but the timing of the final go-ahead decision on whether to develop a world-class mine at this 39-million-ounce gold deposit in Southwest Alaska remains open. Novagold owns a 50 percent interest in Donlin Gold LLC, the company created to permit and eventually develop this enormous gold deposit, global gold miner Barrick Gold Corp. owns the other half. Since...
PolarX Ltd. June 19 reported the start of a 5,000-meter drill program focused on expanding the high-grade Zackly copper-gold skarn deposit at the company's Alaska Range project. Millrock Resources Inc., which owns a 9.76 percent interest in PolarX, managed a drill program last year aimed at updating a historical resource for Zackly. Based on the results of this 13-hole program, Zackly currently hosts 3.4 million metric tons of JORC-compliant inferred resource grading 1.2...
Graphite One Resources Inc. June 11 named Stanley Foo as chief operating officer of the company's wholly-owned Alaskan subsidiary, Graphite One (Alaska) Inc. With more than 35 years in the mining sector, including 21 years in Alaska, Foo has served as president and general manager for Donlin Gold LLC, general manager for Alaska Gold Torrent, chief geologist and general superintendent for Cortez Gold Mines (Nevada) and project manager roles with Placer Dome and Barrick Gold...
Freegold Ventures Ltd. June 7 said it is putting together plans for a drill program aimed at expanding the oxide resource at its Golden Summit gold property near Kinross Gold Corp.’s Fort Knox Mine in Interior Alaska. Located along a paved highway about 30 minutes north of Fairbanks, Golden Summit hosts 61.5 million metric tons of indicated resource averaging 0.69 grams per metric ton (1.36 million ounces) gold; and 71.5 million metric tons of inferred resource averaging 0.69 g/t (1.58 million oz) gold. The oxide portion o...
Riversgold Ltd. June 6 reported that it plans to complete 1,000 meters of drilling on its Southwest Alaska gold properties. A Perth-based mineral exploration company that listed on the Australia Stock Exchange late in 2017, Riversgold owns three gold exploration properties – Luna-Quicksilver, Kisa and Gemuk – that blanket 27,122 acres of the Kuskokwim Mountains about 120 miles southwest of the Donlin Gold project. These properties lie at the southwest end of the Tintina Gold B...
Constantine Metal Resources Ltd. June 6 reported the start of a 10,000-meter drill program to expand the resource and test new targets at the Palmer volcanogenic massive sulfide project in Southeast Alaska. Being carried out by a joint venture between Constantine (51 percent) and Dowa Metals & Mining Co. Ltd. (49 percent), this year's drilling will target the definition and expansion of the copper-zinc-silver-gold resource at the South Wall-RW deposit; expansion of the AG...
Avidian Gold Corp. June 5 said a 2018 drill program is now underway at Golden Zone, with an initial focus on following up on the significant intercepts and "new discoveries" drilled during the 2017 program. Located about midway between Anchorage and Fairbanks, the Golden Zone property hosts numerous gold targets along an 8,000-meter-long trend. Breccia Pipe, the most advanced of these, is a deposit with 4.19 metric tons of indicated resource averaging 1.99 grams per metric ton...
White Rock Minerals Ltd. June 5 reported that massive sulfide mineralization was tapped in two of the first three holes drilled this year at Red Mountain, a zinc enriched volcanogenic massive sulfide project about 60 miles south of Fairbanks, Alaska. Last year, Australia-based White Rock commissioned a resource calculation for the two main deposits at Red Mountain – Dry Creek and West Tundra Flats – that meets modern reporting standards. This maiden Australian Joint Ore Reserv...
Trilogy Metals Inc. May 28 said it is gearing up for another busy field season at its Upper Kobuk Mineral Projects in the Ambler Mining District of Northwest Alaska. The US$16.7 million of work programs budgeted for UKMP in 2018 will focus on gathering the data to advance the Arctic project towards feasibility and permitting, as well as drilling to expand and upgrade the large copper resource at Bornite. As crews continue to advance these large and high-grade metals deposits,...
Graphite One Resources Inc. May 28 announced that it has raised C$2.1 million, which will help fund exploration and development of its Graphite Creek project north of Nome, Alaska, and for general working capital purposes. This non-brokered private placement financing involved the issuance of 30.62 million units at C7 cents each. Each unit consists of a Graphite One share and a transferable warrant that entitles the holder to purchase one company share for C12 cents for up to...
Grande Portage Resources Ltd. May 28 filed an NI 43-101-compliant technical report with an updated resource estimate for the company's Herbert Gold project in Southeast Alaska. Incorporating the results from 12 holes drilled last year, the first drilling at Herbert Gold since 2012, the updated estimate outlines 1.1 million metric tons of indicated resource averaging 7.25 grams per metric ton (267,950 ounces) gold; and 423,200 metric tons of inferred resource averaging 6.04 g/t...
Cook Inlet Region Inc., also known as CIRI, May 21 informed shareholders that its board of directors oppose "Yes for Salmon," a ballot initiative slated to be put before Alaska voters during the November general election. In Raven's Circle, a monthly newsletter to shareholders, CIRI said the Yes for Salmon, also referred to as Stand for Salmon, ballot initiative would overhaul regulations affecting virtually any type of project in Alaska. CIRI, one of twelve land-based Alaska...
PolarX Ltd. May 15 announced that it has raised AU$2.5 million for exploration and development activities on the Alaska Range copper project in Alaska. The financing involved the issuance of roughly 24 million shares at a price of AU10.5 cents per share. Initial exploration at Alaska Range will focus on expanding the Zackly copper-gold-silver skarn deposit. In March, PolarX announced a maiden Australian Joint Ore Reserves Committee- (JORC) compliant resource for Zackly of 3.4...
K2 Gold Corp. May 17 announced that it has staked 123 state of Alaska mining claims along the Alaska-Yukon border about 20 miles (30 kilometers) northeast of Northway. Known as the McArthur Creek property, this new eastern Alaska land package covers roughly 18,300 acres in the Moosehorn Range, a cross-border region that has produced more than 100,000 ounces of placer gold. While there has been extensive claim staking and exploration on the Canadian portion of the range, the...
White Rock Minerals Ltd. May 10 said crews have begun mobilizing to its Red Mountain property in preparation for an early start to exploration at this zinc rich volcanogenic massive sulfide project about 50 miles west of Delta Junction in Interior Alaska. "A lot of preparation has gone into the planning for the commencement of field activities as early as possible in the 2018 field season. It is great to see all the hard work coming together as field crews begin to mobilize...
Ucore Rare Metals Inc. May 7 said IBC Advanced Technologies Inc. has begun advanced engineering and design for its first Specialty Metals Complex, or SMC, a rare earth elements separation facility the company plans to build near Ketchikan in Southeast Alaska. Previously referred to as the Strategic Metals Complex, the Alaska SMC will utilize IBC Advanced Technologies' molecular recognition technology, commonly known as MRT, to separate rare earths and produce individual REE...
Hecla Mining Company May 8 said first quarter exploration drilling continues to expand high-grade silver resources along the East Ore, Upper Plate, Deep 200 South and Deep Southwest mineralized trends at its Greens Creek Mine in Southeast Alaska. "(D)rilling at Greens Creek continues to discover high-grade mineralization that could enhance the already exceptional mine economics and mine life," said Hecla President and CEO Phillips Baker, Jr. Hecla said the high-grade...
Kinross Gold Corp. May 8 reported that its Fort Knox Mine near Fairbanks, Alaska, produced 79,928 ounces of gold during the first quarter of 2018, a roughly 14 percent decrease from the 93,038 oz recovered during the same period last year and about 16 percent lower than the last three months of 2017. "Production at Fort Knox was in line with our expectations for the quarter, although it was lower compared with the fourth quarter of last year. This was mainly due to lower mill...
Constantine Metal Resources Ltd. May 1 said it intends to raise C$10 million through a non-brokered private placement that will include a major strategic investment from Electrum Strategic Opportunities Fund II L.P., an investment fund managed by The Electrum Group LLC. Altius Minerals Corp. and John Tognetti, a major shareholder and Constantine Metal insider, are also slated to participate in the financing. "We welcome the Electrum 'family' as a major shareholder, who we...
Trilogy Metals Inc. May 3 said it has begun work to estimate a cobalt resource for its Bornite project in the Ambler Mining District of Northwest Alaska. Cobalt, an important ingredient in the electrodes of rechargeable batteries, is on the U.S. Department of Interior's draft list of 35 minerals considered critical to the economic and national security of the United States. In addition to the 2.7 billion pounds of copper in an open-pit resource averaging roughly 1 percent...
Teck Resources Ltd. March 24 reported that mill throughput at the Red Dog zinc mine in Northwest Alaska was impacted by extreme winter weather that closed the Delong Mountain Transportation System road connecting the mine to the concentrate storage facility at the port for more than two weeks. This inability to haul concentrates forced numerous slowdowns and shutdowns of milling operations due to limited storage capacity at the mine site. "Red Dog production was negatively...
Coeur Mining Inc. April 25 reported a 25 percent increase in proven and probable reserves at its Kensington gold mine. According to the updated technical report, Kensington now hosts 620,700 ounces of gold in 2.96 million tons of reserves averaging 0.21 oz per ton, or 7.1 grams per metric ton, gold, roughly a 10 percent increase over the year-end 2016 reserves. "The results of Kensington's technical report illustrate the significant impact a relatively small amount of...
