The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 8 of 8
Miners see mountains of federal regulations standing between them and the development of Alaska’s unparalleled mineral wealth. In the recently published Fraser Institute Survey of Mining Companies, 449 global mining executives ranked Alaska 59th, right below Zimbabwe, when it comes to uncertainty concerning environmental regulations. This perception is not just that of those observing Alaska from afar, but also one shared by the miners who are trying to develop and operate m...
The Alaska House of Representatives March 28 unanimously passed legislation that paves the way for more affordable energy in Southeast Alaska. House Bill 143, introduced by Rep. Cathy Muñoz, R-Juneau, authorizes the Alaska Industrial Development and Export Authority to issue conduit bonds in order to finance a hydroelectric project at Sweetheart Lake, roughly 43 miles south of Juneau. "Affordable energy is a keystone of a healthy and sustainable economy," Muñoz explained "This bill would create jobs, provide clean, e...
White Rock Minerals Ltd. March 28 said it has significantly expanded its Red Mountain volcanogenic massive sulphide project in the Bonnifield District of central Alaska by adding 85 mining claims to the original 25 mining claims that made up the project. The company said VMS deposits typically occur in clusters and the known deposits already identified within the Red Mountain project - Dry Creek and West Tundra Flats - provide valuable information with which to target...
Long, grueling, arduous, treacherous and painful are among the many adjectives, and sometimes expletives, used to describe the mining sector's nearly four-year bear market that is showing signs it is ready to hibernate. While Alaska's metal mines have not emerged from this enduring downturn unscathed, the sector remains largely intact and ready to ride metals prices higher. Together, Alaska's mines produced roughly US$2.76 billion of precious and base metals during 2015, down...
The Association for Mineral Exploration British Columbia March 23 said it welcomes incentives in Canada's 2016 budget that assist mineral explorers and developers in British Columbia, which includes an extension of the Mineral Exploration Tax Credit through March 2017. For British Columbia, this 15 percent federal tax credit for investors is harmonized with the provincial Mining Flow-Through Tax Credit to further encourage private investment in mineral exploration in the...
Copper Fox Metals Inc. March 30 said the Schaft Creek Joint Venture - Copper Fox (25 percent) and Teck Resources Ltd. (75 percent) have budgeted C$700,000 for the 2016 work program at the Schaft Creek project in northwestern British Colombia. One of the primary focuses of this program will be to update the resource model for the Schaft Creek deposit with an emphasis on gaining a better understanding of the precious metals content of the deposit. The JV also will continue...
BCGold Corp. March 28 said it will not be acquiring the Wels gold property in western Yukon Territory. In January, BCGold had entered into an agreement with Gorilla Minerals Corp. to acquire full ownership of Wels, subject to a 3 percent net smelter return royalty. To acquire the Wels property, BCGold was to pay C$60,000 in cash and issue 8 million of its shares to Gorilla, following a 5-1 consolidation of BCGold shares. After consolidation its shares on Feb. 29, BCGold has...
Sabina Gold & Silver Corp. March 25 reported the realization of several critical milestones for the Nunavut-focused precious metals exploration company, while still conserving cash. "As planned, 2015 was a transformational year for Sabina," said Sabina President and CEO Bruce McLeod. "During the course of the year, we delivered a fit-for-purpose robust feasibility study on the Back River gold project using a gold price of US$1,150 per ounce; we made great strides in...
