The mining newspaper for Alaska and Canada's North

Articles from the February 1, 2019 edition

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  • Keeping the main thing, the main thing

    Curt Freeman, Special to Mining News|Updated Sep 25, 2020

    I, for one, feel vindicated, relieved and ready to face the New Year! How so, you ask? Please let me explain. For those of you who remember my column in November, I noted that EY Global Mining and Metals publishes an annual "risk radar" for mining and metals, outlining what mining companies perceive as the top ten risks facing them in the near future. This publication was for the years 2017-2018 and stated that "Our number one risk this year is digital effectiveness." If you... Full story

  • High grade gold silver exploration near Stewart Golden Triangle BC

    New Red Mountain zone delivers high-grade

    Updated Sep 25, 2020

    IDM Mining Ltd. Jan. 22 reported the newly discovered Lacasse zone at Red Mountain delivered one of the highest grade gold-silver intercepts at Red Mountain, a near development mine project about 15 kilometers (nine miles) east of Stewart, British Columbia. The Lacasse discovery was among the results from the final 40 underground core holes IDM received from the 2018 drill program, which targeted multiple zones for resource expansion, conversion and exploration last year at...

  • High-grade silver, gold discoveries at Keno

    Updated Sep 25, 2020

    Alexco Resource Corp. Jan. 21 reported that a 26-hole reconnaissance drill has discovered deeper and fault offset extensions of the high-grade silver mineralization at Bermingham, as well as strong gold mineralization across the company's wider Keno Hill Silver District in Canada's Yukon. "Our late season reconnaissance drilling program answered a number of long standing questions, most importantly confirming the presence of the Bermingham deposit structural framework down...

  • Teck Resources put order in to acquire additional Fireweed Zinc shares Yukon

    Teck to up its stake in Fireweed Zinc

    Updated Sep 25, 2020

    Fireweed Zinc Ltd. Jan. 18 announced that Teck Resources Ltd. has put in a lead order to acquire shares during Fireweed's upcoming C$5 million private placement financing. Teck, which already holds a 4.7 percent interest in Fireweed, will up its holdings in the Yukon zinc explorer to around 9.9 percent. "Fireweed is delighted to see Teck grow their stake in the company to just shy of 10 percent," said Fireweed CEO Brandon Macdonald. "This is a strong vote of confidence in the...

  • Deep drilling adds to 3 Aces gold potential

    Updated Sep 25, 2020

    Golden Predator Mining Corp. Jan. 21 reported that its 2018 drill program in the central core area of the 3 Aces Project in southeast Yukon confirm that the high-grade gold structures outcropping at Hearts Zone extend to depth. All seven holes drilled at Hearts Zone cut the structures where they were expected – 200 and 500 meters down-dip from the discovery outcrop – intersecting localized high-grade gold mineralization within larger lower grade envelopes. The company sai...

  • Two new gold mines in the Kivalliq region of Nunavut

    Explorers aim to resume gold hunt in 2019

    Rose Ragsdale, For Mining News|Updated Sep 25, 2020

    With the startup of two new gold mining operations scheduled for the first half of this year and recent regulatory approvals for development of at least three other gold deposits in the territory, there's little question that Nunavut is coming into its own as a gold mining center in Canada. Nearly one and one-half times the size of Alaska, the northern jurisdiction has seen little gold production since it was separated from Northwestern Territories 20 years ago. But as...

  • Perth Australia based Northern Star Resources invests in Pogo gold mine

    Big investments push up Pogo gold costs

    Updated Sep 25, 2020

    Northern Star Resources Ltd. Jan. 23 reported that it produced 59,219 ounces of gold at Pogo during the Australian company's first three months of ownership of the underground Alaska mine. Since taking over the operations of Pogo at the end of September, Northern Star has focused on ramping up mill throughput. The Perth-based miner said it is already recording strong productivity gains at the mine, with a 22 percent increase in mined tonnages and a 33 percent rise in mill thro...

  • Contango Ore Royal gold put Peak Gold project Alaska up for sale

    For sale: Peak Gold mine project, Alaska

    Updated Sep 25, 2020

    Contango ORE Inc. Jan. 23 announced that the Peak Gold mine project near the crossroads town of Tok in Eastern Interior Alaska is officially up for sale. The Peak Gold project is owned by a joint venture between Contango ORE (60 percent) and a subsidiary of Royal Gold Inc. (40 percent). Royal Gold, which manages the work under the joint venture, has retained Scotia Capital Inc. to conduct a joint process for the sale of the Peak Gold properties in Alaska. Given the high gold...

  • NANA hires senior VP, Tuuq Drilling pres

    Updated Sep 25, 2020

    NANA Jan. 19 announced the hiring of two key executives heading into the new year – Sarah Lukin now serves as senior vice president and chief administration officer at NANA Regional Corp., and Kevin Aubertin joins NANA's Commercial Group as the president of Tuuq Drilling. Lukin, who officially began her tenure at NANA on Jan. 7, will provide strategic leadership in a broad range of functions, including leading external and government affairs, corporate communications, c...

  • Alaska Native Claims Settlement Act ANCSA primer for mining sector

    An Alaska Native claims primer for miners

    Shane Lasley, Mining News|Updated Sep 25, 2020

    Alaska boasts what many consider the most successful Aboriginal land claims settlement on Earth – a solution that has not only turned out to be a cultural success, but a brilliant business move for the more than 140,000 Alaska Natives and an economic boon for the state that covers the resource-rich lands these industrious and innovative peoples have called home for millennia. Signed into law by U.S. President Richard Nixon in 1971, the Alaska Native Claims Settlement Act, comm... Full story

  • Who owns Alaska map - federal state Alaska Native corporations

    What if they closed the government?

    J. P. Tangen, Special to Mining News|Updated Jan 24, 2019

    As you have heard by now, a large segment of the federal government has been furloughed over some sort of a squabble between the Leader of the Free World and the newly-elected Speaker of the House of Representatives. If one were to read the Amazon (aka Washington) Post, one would infer that the sky was falling on top of the rising seas, and that in about a thousand years it will make a big splash. On the other hand, since we always send our brightest and best to the District... Full story