The mining newspaper for Alaska and Canada's North

Articles from the February 10, 2023 edition

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  • Excavator loads gold-rich ore into a truck at Kinross Alaska's Fort Knox Mine.

    Alaska mine production tops $4.5 billion

    Shane Lasley, Mining News|Updated Mar 11, 2023

    More gold, strong zinc prices helped push value higher; critical minerals could add a boost moving forward. Alaska mines produced approximately $4.51 billion worth of nonfuel minerals last year, a 16% increase over the $3.89 billion in 2021, and an impressive 42.7% jump over the $3.16 billion of mined products during 2020, according to the U.S. Geological Survey's Mineral Commodity Summaries 2023 report. The rise in Alaska mine production value is largely due to increased...

  • Closeup of executive using a geologist’s loupe to look at core from drilling.

    Nighthawk grows gold resource at Colomac

    Shane Lasley, Mining News|Updated Mar 2, 2023

    Nighthawk Gold Corp. Feb. 9 released an updated resource estimate that will support a preliminary economic assessment for its Colomac gold project and includes initial resources for several satellite deposits across the 359-square-mile (930 square kilometers) Indin Lake property in Northwest Territories. Nighthawk is considering a mining operation at the more than 3-million-ounce gold resource at Colomac, which is expected to serve as a hub for processing higher-grade gold...

  • Bands of metallic copper-gold mineralization in core from Red Chris drilling.

    Newmont makes $17B offer for Newcrest

    Shane Lasley, Mining News|Updated Mar 2, 2023

    Proposed merger could have major implications for several mining projects in BC's Golden Triangle. Over the weekend, Newcrest Mining Ltd. and Newmont Corp. confirmed rumors of a proposed merger that has major implications for the future of mining in British Columbia's Golden Triangle. "We believe a combination of Newmont and Newcrest presents a powerful value proposition to our respective shareholders, workforce and the communities in which we operate," said Newmont President...

  • A western Alaska sunset colors the horizon behind a drill at Graphite Creek.

    Unveiling larger Graphite Creek potential

    Shane Lasley, Mining News|Updated Feb 17, 2023

    Graphite One Inc. Feb. 7 reported assay results from a 2,150-meter 2022 drill program aimed at upgrading and expanding the Graphite Creek resource, including one hole that cut strong graphite mineralization 1.3 miles (2.1 kilometers) west of the nearest hole at this western Alaska project. Considered by the U.S. Geological Survey to be the largest known graphite deposit in the U.S., Graphite Creek hosts 32.5 million metric tons of measured and indicated resources averaging 5.2...

  • Looking down at a grid of trails established during drilling at Manh Choh.

    From CORE assets to Alaska gold mines

    Shane Lasley|Updated Feb 17, 2023

    Contango ORE Inc. Feb. 6 reported that development of the Manh Choh gold mine in Alaska remains on track to begin commercial production in the second half of next year and an updated and expanded resource for the high-grade Lucky Shot gold project is slated for completion in March. "We look forward to continuing to update shareholders and investors on our progress in developing Alaska's next gold mines," said Contango ORE President and CEO Rick Van Nieuwenhuyse. The first...

  • Cantex' North Rackla exploration camp within a valley in the Yukon.

    Cantex reports high germanium values

    A.J. Roan, Mining News|Updated Feb 10, 2023

    Cantex Mine Development Corp. Feb. 9 announced an update from the Main zone on its North Rackla property that, after core analyses, mineralization shows levels of very high germanium content. Generated from a 30,000-square-kilometer (11,583 square miles) regional heavy mineral sampling program, North Rackla was discovered in an area favorable for Carlin-style mineralization similar to ATAC Resources Ltd.’s Osiris deposit in 2010. Staked in 2012, the ensuing work has i...

  • A stringer of silver cuts across mineralized quartz in Dolly Varden drill core.

    Dolly Varden drills 771.5 oz/t silver

    Shane Lasley, Mining News|Updated Feb 8, 2023

    Dolly Varden Silver Corp. Jan. 6 reported the highest-grade silver ever drilled on the Dolly Varden target at the end of its Kitsault Valley project in Northern British Columbia. Kitsault Valley, which lies about 40 kilometers (25 miles) southeast of Stewart, BC, is an amalgamation of Dolly Varden's namesake project and the adjacent Homestake Ridge gold-silver project the company acquired from Fury Gold Mines Ltd. in 2022. Four deposits associated with past producing mines at...

  • Geologist surveying the hills around Snowline Gold's Rogue property.

    Assays add economic tonnage for Snowline

    A.J. Roan, Mining News|Updated Feb 8, 2023

    Snowline Gold Corp. Feb. 3 announced further assay results from its 2022 drilling program at Valley, which continues to impress the company with its continuity and most recently added significant tonnage with strong gold grades. Located within the Selwyn Basin near Yukon's eastern border with NWT, Rogue is an 11,227-hectare (27,743 acres) property that comprises 442 mineral claims with a main block that covers a roughly nine-kilometer (5.6 miles) trend of metamorphic rock...

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