The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Aston Bay Holdings Ltd. Dec. 29 said it has raised initial funds for a planned 2018 drill program at its Aston Bay copper and zinc property in Nunavut. The first tranche of a planned C$4 million, which was closed on Dec. 28 to capture flow-through tax effects for 2017, involved the issuance of 3.975 million flow-through shares at C16 cents per share, for a total of C$636,000. Under Canada's Income Tax Act, a flow-through financing allows mineral exploration companies to...
Graphite One Resources announced Inc. Dec. 29 that it has appointed noted Alaska placer gold miners Kevin Greenfield and Jerry Birch to its advisory board. Co-owners and senior executives of Taiga Mining Company, Greenfield and Birch each bring nearly three decades of developing, permitting and operating Alaska mining projects to Graphite One. In early December, Taiga Mining participated in a C$707,185 Graphite One financing, becoming a strategic investor in the owner of the Graphite Creek project in western Alaska.... Full story
Alexco Resource Corp. Dec. 29 said the Yukon Water Board has issued an amendment to the company's Water Use License for the development and operation of an underground mine at the Flame & Moth deposit on Alexco's Keno Hill Silver District property. "Receipt of this license amendment is a milestone in our journey toward mine operations and has involved the cooperation and support of our many stakeholders and partners, including the First Nation of Nacho Nyak Dun," said Alexco C...
Osisko Metals Inc. Dec. 18 announced a friendly agreement to acquire full ownership of Pine Point Mining Ltd., a deal that will give Osisko Metals full ownership of the Pine Point zinc-lead project in Northwest Territories. "The addition of the Pine Point project to our exploration and development portfolio is exactly in keeping with our strategy of consolidating world class base metal mining districts," said Osisko Metals President and CEO Jeff Hussey. Located near the...
With the price for an ounce of gold pushing back above US$1,300 to ring in the new year – along with zinc and copper selling at multi-year highs and trending higher – 2018 is shaping up to be a good year for Alaska's mining sector. Together, zinc and gold account for more than 80 percent of the value of metals mined in Alaska – silver and lead account for most of the balance. While there is currently no significant copper production in Alaska, the Far North state hosts signi... Full story
The turning of the calendar to 2018 marked the start of an exciting New Year for mining in Alaska and Canada's North, and a new era for North of 60 Mining News. After more than a decade as a section of Petroleum News, the preeminent source for oil and gas news coverage in Alaska, I am pleased to announce that Mining News is now an independent news publication! The new Mining News will continue its long-standing tradition of delivering the most reliable and comprehensive... Full story
