North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Looking for a placer gold mine opportunity? Not afraid to travel abroad? Ross Novak of Fairbanks, Alaska, has the perfect opportunity to take over his working placer gold mine with hard rock mineralization outcrops also on site, in West Africa.... — Updated 5/9/2004

Estimates of $1.05 billion for Alaska's mineral industry value in 2003 were released by state officials on March 9, making it the eighth straight year the industry's value exceeded $1 billion. Rising prices for almost all metals, including gold,... — Updated 3/14/2004

Tom Irwin, commissioner of the Alaska Department of Natural Resources, will be one of the luncheon speakers at the 19th Biennial Conference on Alaska Mining in Fairbanks, beginning March 14 and concluding with a number of mine tours on March 20.... — Updated 3/14/2004

Contractors hired by developers of the Pogo gold deposit northeast of Delta Junction completed construction of a 50-mile temporary ice road in early February and transportation of fuel and equipment into the remote site should be complete by the... — Updated 3/14/2004

John Robertson, president of Vancouver, British Columbia-based Teryl Resources, is focused on raising funds for his company's Fairbanks-area exploration properties. The company offered a private placement of 2 million units at 55 cents per unit in... — Updated 3/14/2004 Full story

Geologists working for NovaGold Resources are going to be busy across the border in northwestern Canada this summer. The company's Canadian subsidiary, SpectrumGold, plans to spend $5 million for its Galore Creek advanced stage exploration project... — Updated 3/14/2004

Anchorage-based Alaska Earth Sciences has transformed the firm's first-ever land acquisition into a lease deal with an exploration upstart, Full Metal Minerals. Alaska Earth, a geological consulting firm with years of experience throughout southwes... — Updated 3/14/2004 Full story

In a 16-page report released in January, the Alaska Minerals Commission made 12 recommendations to the state Legislature and Governor on ways to mitigate constraints on mineral development in Alaska. In addition, the commission identified seven fed... — Updated 3/14/2004 Full story

Diamond core drill rigs started turning in early March on the Golden Summit gold exploration property some 25 miles northeast of Fairbanks, Alaska. Partners in the project, Freegold Ventures Ltd. and Meridian Gold Inc. plan to complete six holes,... — Updated 3/14/2004

Developers of the Rock Creek gold deposit near Nome plan to spend $5 million in 2004 to develop the hard rock deposit, with the ultimate goal of gold production starting in 2006. Vancouver, British Columbia-based NovaGold Resources anticipates... — Updated 3/14/2004

Power, road access and availability of limestone are all key issues that Placer Dome is working through in its effort to produce a feasibility study for the 28-million ounce gold deposit called Donlin Creek, in remote southwest Alaska. The major... — Updated 2/15/2004 Full story

If it can't be grown, it's got to be mined" is a popular bumper sticker slogan in Fairbanks, an Interior Alaska town founded more than 100 years ago by miners who struggled for gold found in creeks draining the surrounding rugged hills. The... — Updated 2/15/2004

Drills will start turning on the Golden Summit property within a month's time of its owner signing a new joint venture agreement with a mid-tier mining company. Freegold Ventures Ltd., a Vancouver, B.C.-based junior exploration firm, optioned its... — Updated 2/15/2004

The U.S. Forest Service has dismissed an environmental group's appeal of an agency decision to allow operators of the Greens Creek mine to expand its tailings pile for the mining operation on Admiralty Island, some 18 miles southwest of Juneau,... — Updated 2/15/2004

Three exploration companies independently and secretively launched major land staking efforts in December, laying claim to more than 300 square miles of state land surrounding the Pebble gold-copper-molybdenum deposit in southwest Alaska.... — Updated 2/15/2004 Full story

Kinross Gold, owner and operator of the Fort Knox gold mine, said during a company-wide exploration presentation that Fairbanks area work will focus on in-pit expansion, the Gil and Ryan Lode prospects and six early stage properties. Company... — Updated 2/15/2004

State and federal regulatory agencies released a draft version of a supplemental environmental impact statement Jan. 23 for the Kensington underground hard rock gold mine. Project developer Coeur Alaska Inc., a subsidiary of Coeur d'Alene Mines Cor... — Updated 2/15/2004 Full story

An increase in sales coupled with significantly higher zinc and lead prices helped the Red Dog Mine in northwest Alaska post a $50 million profit in 2003, turning round from a $28 million loss posted the prior year. Red Dog's operator, Teck... — Updated 2/15/2004

Vancouver, B.C.-based Teryl Resources plans to drill up to 15 reverse circulation holes on its West Ridge gold exploration property, located just south of the True North mine, about 10 miles west of the Fort Knox in Interior Alaska. In a Feb. 9... — Updated 2/15/2004

Alaska state regulators have signed off on completed reclamation work at the shuttered Ryan Lode mine some 10 miles northwest of Fairbanks in the midst of a hilltop residential area. But gold prospecting work will continue this year at the old... — Updated 2/15/2004 Full story

Alaska's mineral industry contributed an estimated $1.073 billion to Alaska's economy in 2002, a slight increase compared to the prior year, according to the Alaska Mineral Industry report released Nov. 6. A 10 percent increase in both exploration... — Updated 11/16/2003