The mining newspaper for Alaska and Canada's North

Articles from the February 24, 2023 edition

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  • Aerial photo of the sunset on the horizon overlooking the Pine Point mining camp

    Osisko enters joint venture with Appian

    A.J. Roan, Mining News|Updated Nov 15, 2023

    Osisko Metals Inc. Feb. 22 announced a C$100 million (US$74 million) investment agreement with Appian Capital Advisory LLP, a London-based private equity group that specializes in acquiring and developing mining assets, under which the parties are to form a joint venture for the advancement of the Pine Point zinc-lead project in Northwest Territories, Canada. Located just south of the Great Slave Lake, Pine Point was home to a former mine operated by Cominco (now Teck...

  • Mountains backdrop the Dalton Highway and parallel trans-Alaska oil pipeline.

    Alaska tribes break off Ambler Road suit

    Shane Lasley, Mining News|Updated Mar 11, 2023

    Seeking a balance between their traditional lifestyle and economic opportunities that allow their villages and the people that live there to thrive, the tribal councils of Allakaket and Huslia have unanimously voted to withdraw from a lawsuit against a federal decision to issue permits for a road to the Ambler Mining District in Northwest Alaska. "Our council and community have considered both the concerns and potential benefits from the responsible development of our lands,"...

  • A green band of aurora borealis behind a drill rig on a winter night in Alaska.

    Golden Summit tops 12 million oz gold

    Shane Lasley, Mining News|Updated Mar 11, 2023

    Freegold Ventures Ltd. Feb. 23 reported an enormous upgrade to the quality and quantity of the mineral resources at Golden Summit, a now world-class gold project on the northern border of Kinross Gold Corp.'s Fort Knox Mine property in Alaska. Over the previous three years, Freegold has carried out more than 83,000 meters of systematic resource expansion and upgrade drilling at Golden Summit. With the bulk of the assays from the 2022 season in hand, the company had a new...

  • Truck with two trailers of zinc concentrates leaves Red Dog Mine in Alaska.

    Red Dog generates cash for Teck, NANA

    Shane Lasley, Mining News|Updated Mar 3, 2023

    Strong zinc price, production drive increased profit for Teck; NANA gets extra boost from royalty rise. Due to a combination of strong zinc prices and production, the Red Dog Mine in Northwest Alaska generated strong profits for Teck Resources Ltd. and revenues for NANA Corp. during 2022. Red Dog produced 553,100 metric tons (1.22 billion pounds) of zinc during 2022, a nearly 10% increase over the 503,400 metric tons (1.11 billion lb) produced during 2021. The Northwest Alaska...

  • A beautifully cut 0.31 carat fancy yellow diamond from Naujaat project, Nunavut.

    North Arrow shows off largest cut diamonds

    A.J. Roan, Mining News|Updated Mar 2, 2023

    North Arrow Minerals Inc. Feb. 21 announced that fancy-colored yellow diamonds recovered from its Naujaat Diamond project in Nunavut have been carefully cut and polished to showcase the quality and potential of this Far North diamond mine. Located roughly nine kilometers (5.6 miles) northeast of the hamlet of Naujaat (formerly Repulse Bay) on Nunavut's Melville Peninsula, the Naujaat diamond project covers 10,742 hectares (26,544 acres) of contiguous mineral leases and claims...

  • Hecla employees leaving work after a day of mining.

    ATAC acquiesces to Hecla's superior offer

    A.J. Roan, Mining News|Updated Feb 23, 2023

    ATAC Resources Ltd. and Hecla Mining Company Feb. 21 announced the mutual entering of a non-binding letter of intent for Hecla to acquire all issued and outstanding shares of ATAC. Less than a week after facing pressure from Victoria Gold Corp. for its own bid to acquire ATAC, the company has chosen what it views as a more valuable transaction. You can read about Victoria Gold's bid for ATAC at Victoria presses ATAC for acquisition in the February 17, 2023 edition of North of...

  • Map of Li-FT lithium properties in Yellowknife Pegmatite Province, NWT.

    Li-FT expands Yellowknife lithium project

    Shane Lasley, Mining News|Updated Feb 23, 2023

    Li-FT Power Ltd. Feb. 21 announced that it has optioned two large land packages covering potential extensions of the lithium occurrences on its properties in the Yellowknife Pegmatite Province, Northwest Territories. In January, Li-FT announced the acquisition of the Yellowknife lithium project, which covers at least 14 pegmatites – igneous rocks with exceptionally large crystals that are the major source of hardrock lithium worldwide – on mineral leases that are 30 kil...

  • High-grade sample with blue and gold-colored copper-silver-zinc minerals.

    Core Assets samples high-grade Kim skarn

    Shane Lasley, Mining News|Updated Feb 23, 2023

    Core Assets Corp. Feb. 23 reported high-grade copper-zinc-silver mineralization in rock samples collected from the Kim target – a high-grade occurrence about 22 kilometers (14 miles) north of the Silver Lime porphyry-carbonate replacement deposit project on the company's Blue property in northern British Columbia. Located along BC's border with Alaska in the Atlin Mining District, Blue is a roughly 281,500-acre (113,900 hectares) land package covering high-grade skarn and c...

  • Map showing White Gold's White Gold property in the White Gold District.

    Ryan's Surprise keeps amazing White Gold

    A.J. Roan, Mining News|Updated Feb 23, 2023

    White Gold Corp. Feb. 23 announced the latest batch of assays shows that the 2022 diamond drilling program on the Ryan's Surprise and Ulli's Ridge targets intersected multiple zones of gold mineralization between the untested region of both, suggesting a larger footprint within the 6.5-kilometer- (4 miles) long trend on the company's namesake White Gold District, Yukon. Located roughly 95 kilometers (59 miles) south of Dawson City and practically next door to Western Copper...

  • The rolling hills of northern Yukon where the Klondike Gold Rush once happened.

    Klondike strikes big gold at historic site

    A.J. Roan, Mining News|Updated Feb 23, 2023

    Klondike Gold Corp. Feb. 21 announced that receipt of the latest assays included the exciting news of a surface outcrop discovery of high-grade gold-silver in quartz veining at the Gay Gulch showing on the company's Klondike District property in Yukon, Canada. Located roughly 20 kilometers (12 miles) southeast of Dawson City, the Klondike District Gold Project is comprised of 3,913 quartz claims in one contiguous land package covering 727 square kilometers (452 miles) of the...