The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 11 of 11
Those of you that attended the recent Cordilleran Roundup Convention in Vancouver can attest to the exuberant, upbeat atmosphere that pervaded the conference and was very much in evidence at the standing-room only festivities at our annual self-hosted Alaska Night meet and greet. But digging down under this veneer of optimism, many of the junior explorers and most of the producers admitted to their expectations of challenging times in 2019. Putting words to this apparent...
Sabina Gold & Silver Corp. Feb. 22 said it plans to invest roughly C$41 million at its Back River gold project in Nunavut this year. A 2015 feasibility study details plans for developing three deposits at Goose, one of seven properties that make up Sabina's larger Back River project. Ore from these deposits would feed a 3,000-metric-ton-per-day mill forecast to produce an average of 198,100 ounces of gold per year over an 11.8-year mine. Sabina gained the permits to develop th...
TMAC Resources Inc. Feb. 21 announced that its Doris Mine on its Hope Bay property in Nunavut achieved record gold production of 34,080 ounces during the fourth quarter. Building on the improvements achieved in the third quarter, the processing plant processed 164,900 metric tons of ore, or about 1,800 metric tons per day, with a grade of 7.8 grams per metric ton gold and achieved an average recovery of 82 percent during the three months ended Dec. 31. "TMAC is pleased to...
Following last year's merger with Randgold Resources, Barrick Gold Corp. has now made an offer to acquire Newmont Mining Corp., a deal that would merge the world's two largest gold mining companies into a behemoth valued at around US$42 billion based on the current market capitalization of the two gold producers. The combined company would also have 141 million ounces of gold in reserves and 275 million oz in resources. "The combination of Barrick and Newmont will create what...
Northern Cobalt Ltd. Feb. 26 reported that a recently completed magnetic survey has confirmed the presence of a large magnetite body at its Snettisham vanadium-titanium project in Southeast Alaska. Situated about 50 kilometers (32 miles) south of Juneau, Snettisham hosts a large outcropping body of magnetite with iron, titanium, vanadium, and possibly platinum-group elements. This intrusion extends for at least 3,800 meters along the coast of the Snettisham Peninsula and up...
TNR Gold Corp. Feb. 25 said it is continuing to seek a major gold mining company to become a joint venture partner on its Shotgun Gold project in Alaska. Located about 110 miles south of the 39-million-ounce Donlin Gold mine project and about the same distance northeast of the Pebble copper-gold-molybdenum project, this property lies at the intersection of two trends known to host big deposits. TNR optioned Shotgun from Novagold Resources Inc. in 2002 and gained full...
Mountain Province Diamonds Inc. Feb. 27 announced that it has begun a winter exploration program targeting new kimberlite prospects at Kennady North, a diamond property that borders the Gahcho Kué diamond mine property owned by Mountain Province (49 percent) and DeBeers Canada (51 percent). Mountain Province gained full ownership of this property with the acquisition of Kennady Diamonds Inc. in 2018. Prior to the buyout, Kennady Diamonds had identified a series of...
The Red Dog Mine has been a gamechanger for the more than 14,000 Iñupiat shareholders of NANA Corp., the Alaska Native Claims Settlement Act (ANCSA) regional corporation that owns the world-class Red Dog deposits in Northwest Alaska that are the source of around 5 percent of the world's new zinc supply each year. The revenues from shipping out more than 1 billion pounds of zinc annually, along with healthy portions of lead, silver and minor amounts of germanium, has served...
NANA's growing portfolio of businesses provide services to the mining, petroleum, commercial, and federal business sectors in 15 countries on six continents. NANA companies have been structured to evolve quickly-to embrace new technologies and game-changing capabilities-with the aim of exceeding the needs and expectations of NANA's customers. Here is a list of NANA companies that provide a variety of services to Alaska's mining sector: Tuuq Drilling, LLC provides drilling...
In a move many considered the stuff of science fiction or fantasy just 20 years ago, junior miner Auryn Resources Inc. has used artificial intelligence to help identify gold deposits at the Committee Bay Gold Project in Nunavut. Vancouver, B. C.-based Auryn gained control of the remote arctic exploration project in 2015 through its acquisition of North Country Gold Corp. At the time, Committee Bay was known to host significant gold mineralization, including its Three Bluffs...
Despite over four decades of working with the mining industry in Alaska, my travels rarely brought me to the northwest part of the state and my opportunities to interface with residents have been embarrassingly few and far between. Recently, however, I have had occasion to pay a lot more attention to that part of the world. As a part of my remedial experience, I have had occasion to immerse myself in Willie Hensley's beautiful memoir about his life and the Iñupiaq of Kotzebue....
