The mining newspaper for Alaska and Canada's North

Articles from the March 1, 2024 edition

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  • A drill tests for copper on a treeless rocky plain in Nunavut.

    Large Storm Copper drill program brewing

    Shane Lasley, Mining News|Updated May 8, 2024

    American West plans to expand high-grade resources, test discovery targets this year. American West Metals Ltd. Feb. 26 announced plans for 22,000 meters of resource expansion, definition, and exploration drilling this year at its high-grade Storm Copper project on Nunavut's Somerset Island. In mid-February, American West reported the first-ever industry-compliant resource estimate for Storm. According to this calculation, four deposits within a roughly 10-square-kilometer...

  • A geologist stands on a ridge next to the orange-stained Stoney Vein.

    More antimony found with Estelle gold

    Shane Lasley, Mining News|Updated May 8, 2024

    Stoney area sampling discovers two new prospects. Nova Minerals Ltd. Feb. 26 announced that the property-wide sampling and mapping program carried out last year at Estelle has discovered another area of high-grade gold and antimony mineralization on the company's 198-square-mile (513 square kilometers) property in Alaska. According to an early 2023 resource calculation, Estelle hosts 1.1 billion metric tons of global resources averaging 0.3 grams per metric ton (9.9 million ou... Full story

  • Map showing locations of PolarX’s mineral exploration projects in the U.S.

    Northern Star backs PolarX financing

    Shane Lasley, Mining News|Updated May 8, 2024

    Pogo Mine owner is underwriting A$4.9M financing by Australia-based junior exploring Alaska Range. PolarX Ltd. Feb. 27 announced that Northern Star Resources Ltd. has agreed to participate in a financing that would earn the Australia-based gold producer a 28.5% interest in the junior exploration company. Both Australia-based companies have interests in Alaska – Northern Star owns and operates the high-grade Pogo gold mine, and PolarX is exploring the district-scale Alaska R...

  • Aerial view of the Johnson Tract exploration camp and JT Deposit.

    Geophysics highlight new JT drill targets

    Shane Lasley, Mining News|Updated May 8, 2024

    MobileMT EM survey lights up several untested VMS and porphyry targets at Johnson Tract. HighGold Mining Inc. Feb. 28 reported that a property-wide electromagnetic (EM) and magnetic geophysical survey has outlined a 7.5-mile- (12 kilometers) long corridor of gold-rich volcanogenic massive sulfide (VMS) targets at Johnson Tract that are similar to the JT Deposit and Ellis Zone found along this trend, along with two significant porphyry-style copper-gold targets alongside the...

  • Painting of a young Nellie Cashman from a photograph in 1874.

    Heart of gold: the legend of Nellie Cashman

    A.J. Roan, Mining News|Updated May 8, 2024

    Undertake an adventure through the riveting tale of Nellie Cashman, perhaps one of the most inspiring women of the 18th century. Perhaps no other individual could be regarded as true an American pioneer as Irish immigrant Ellen "Nellie" Cashman. Easily regarded as a quintessential gold mining stampeder with her acumen in business and the nose to sniff out opportunity, she traveled the width and breadth of America, leaving success and hope in her wake. Known as the Angel of... Full story

  • Molten gold pours into a bar mold at the Fort Knox mine.

    Alaska mine value tops $4 billion in 2023

    Shane Lasley, Mining News|Updated May 8, 2024

    Zinc contributed most to state's mine production value during 2023; gold is poised to take the crown and make run toward 1 million ounces per year. At a value of $1.5 billion, zinc held onto its throne as the most valuable metal produced in Alaska during 2023. With production forecasts and price trends headed in opposite directions for zinc and gold, however, the gleaming precious metal that drew fortune-seekers North at the turn of the 20th century could soon regain the... Full story

  • Geologists standing next to a rocky outcrop with gold-bearing quartz veins.

    Junior seeks next Tombstone gold find

    Rose Ragsdale, For Mining News|Updated Mar 14, 2024

    Stratabound changes name to Lode Gold Resources Ltd.; plans to spinout Canadian gold assets and reports 2024 exploration strategy. In recent market buzz about the emerging gold district in southeastern Yukon, one junior says its promising assets have been largely overlooked by investors, resulting in its shares being significantly undervalued. Lode Gold Resources Ltd., known until January as Stratabound Mineral Resources Corp., says its name change signals ongoing growth and...

  • Li-FT geologist stands atop exposed spodumene outcrop at YPP.

    Li-FT segues assays from winter program

    A.J. Roan, Mining News|Updated Feb 29, 2024

    Results from first 2024 hole included in latest assays from drilling at Yellowknife Lithium project. Li-FT Power Ltd. Feb. 27 reported the next batch of assays from its 2023 drill program at the company's Yellowknife Lithium project; while this included results from last year's drilling, it also includes one hole drilled from its ongoing winter program. Acquiring its various properties in the underexplored Yellowknife Pegmatite Province (YPP) in January 2023, Li-FT began its...

  • Drill operators working at drill pad at Keno Silver project.

    Metallic unveils maiden resource for Keno

    A.J. Roan, Mining News|Updated Feb 29, 2024

    Combined inferred resource between underground and in-pit total 18.2 Moz silver-equivalent. Metallic Minerals Corp. Feb. 26 announced an inaugural mineral resource estimate for its Keno Silver project in the iconic Keno Silver District in Canada's Yukon, culminating in 18.16 million ounces of contained silver-equivalent. Consisting of 171 square kilometers (66 square miles) within the historic Keno Hill Silver District, Metallic Minerals holds 100% of this promising target...

  • Bulldozer sits beside trench on hill crest at Sitka Gold’s Blackjack.

    Sitka mobilizes for winter drilling start

    A.J. Roan, Mining News|Updated Feb 29, 2024

    Crews and equipment get ready to begin planned 15,000-meter drilling program. Sitka Gold Corp. Feb. 27 announced the mobilization of equipment at crew in preparation for its planned 15,000-meter winter drilling campaign at the company's flagship RC Gold project in Yukon, Canada. "After the success of 2023, we are very excited to be back at RC Gold to kick-start 2024 exploration activities," said Sitka Gold CEO Cor Coe. Located within the central region of Canada's Yukon...

  • Geologist climbing slope green with copper mineralization.

    Gladiator sends rig reinforcements to Cub

    A.J. Roan, Mining News|Updated Feb 29, 2024

    Modern drone survey with historical records to reveal possible district continuity and system. Gladiator Metals Corp. Feb. 27 announced it has mobilized an additional drill rig to Cub Trend at the company's Whitehorse Copper project to explore large-scale magnetic anomalies recently identified from an ongoing drone magnetic survey. "Gladiator has mobilized a second rig at the Whitehorse Copper project and commenced the first diamond drilling campaign at the Cub Trend prospect...