The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 10 of 10
Seven days of near-continuous rain did nothing to dampen the mood at the recently concluded Cordilleran Roundup Convention in Vancouver. The event was buoyed by a realistic optimism we have not seen in over five years. This change from half-empty to half-full glasses is due to a number of things including strong commodities prices, increasing global demand for metals and current or looming supply shortfalls in many of the metals produced by this industry. The event was...
Peregrine Diamonds Ltd. Feb. 15 reported that its 2017 resource development program has increased the inferred mineral resource of the CH-6 kimberlite pipe at the company's Chidliak diamond project in Nunavut by 58 percent. The 2017 drill program at Chidliak delineated the high-grade CH-6 kimberlite pipe to a depth of 540 meters below surface. As a result, the inferred resource has been expanded to 17.96 million carats of diamonds in 7.46 million metric tons of inferred...
Novagold Resources Inc. Feb. 20 said the 16-hole drill program carried out last year at Donlin Gold, a world-class gold mine project in Yukon-Kuskokwim region of western Alaska, encountered long sections of high-grade gold within the reserve pit and in areas outside of the currently proposed mine area. "Donlin Gold's latest drill results are better than expected, further demonstrating the incredibly robust quality of this exceptional project," said Novagold President and CEO...
Sen. Donny Olson, D-Golovin, Feb. 19 introduced Senate Bill 203, legislation that would allow the Alaska Industrial Development Export Authority (AIDEA) to issue up to US$80 million in bonds to finance infrastructure and construction costs of the Graphite Creek graphite project on the Seward Peninsula. Located about 35 miles north of Nome, the Graphite Creek hosts 744,000 metric tons of graphite in 10.32 million metric tons of indicated resource grading 7.2 percent graphitic c...
Seabridge Gold Inc. Feb. 20 reported the start of a planned 7,200-meter drill program at its Courageous Lake gold project in Northwest Territories. This 36-hole program will test seven separate targets along a geophysical and stratigraphic break that hosts the Walsh Lake deposit, discovered by Seabridge in 2012. Located about 240 kilometers (150 miles) northeast of Yellowknife, the Courageous Lake property covers most of the 53-kilometer- (33 miles) long Mathews Lake Greenston...
Agnico Eagle Mines Ltd. Feb. 14 reported that its plans to bring the Amaraq and Meliadine gold mines in Nunavut into production is ahead of schedule. In recent years, the company expanded its presence in Nunavut, a jurisdiction the company sees as both politically stable and geologically rich. "(W)e continue to make excellent progress on our Nunavut development projects which has allowed us to advance the expected start-up of Meliadine and increase our production guidance for...
The prefeasibility study for the Arctic deposit in Northwest Alaska details plans for a financially robust mine that is expected to produce 1.9 billion pounds of copper, 2.4 billion lb of zinc, 405 million lb of lead, 367,531 ounces of gold and 40.2 million oz of silver over an initial 12-year mine life. The mine outlined in the PFS is based on 43.04 million metric tons of probable reserves averaging 2.32 percent copper, 3.24 percent zinc, 0.57 percent lead, 0.49 grams per...
Before color televisions hit the markets in the 1960s, rare earths where a curious group of elements that had the distinction of occupying their own separate section at the bottom of the periodic table but had very few practical applications. Over the ensuing 50 years, however, this group of 15 lanthanides plus yttrium and scandium have been discovered to possess unique properties that make them key ingredients in a wide range of modern products such as terabyte hard-drives...
With rising metals prices helping to bolster the state's mining sector, Alaska mine leaders had good news to deliver to Alaska Senate and House resource committees during a Feb. 13 trip to Juneau. "I am happy to report that after four years of declining metals prices things started to improve in 2016, so we are able to report better economic numbers for 2017," Council of Alaska Producers Executive Director Karen Matthias informed members of the resource committees. The strong...
In an earlier column (Dec. 24, 2017), the question of proposed regulations affecting mining on State land was flagged for readers’ attention because the initial scope of the contemplated changes did not bode well for the industry. Unfortunately, space constraints precluded in-depth analysis of the half-dozen ideas that had been laid on the table. Since that column, however, the problems identified in the suggested regulations have evolved into broad disarray, due in part to th...
