The mining newspaper for Alaska and Canada's North

Articles from the April 14, 2023 edition

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  • Visible gold grains seen in first drill core at RC Gold project in Yukon.

    Sitka Gold shows off first 2023 drill hole

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

    Sitka Gold Corp. April 12 reported an update on its recently initiated 10,000-meter diamond drill program at the company's RC Gold project, which has already begun returning impressive results that is "far beyond anything" the company has seen to date. Located within the central region of Canada's Yukon Territory, the RC Gold project is roughly midway between Sabre Gold Mines Corp.'s Brewery Creek mine project and Victoria Gold Corp.'s Eagle Gold mine. At approximately 37,700...

  • A drill rig tests the high-grade RPM North gold deposit in the Alaska Range.

    Estelle resource reaches 9.9M oz gold

    Shane Lasley, Mining News|Updated May 17, 2023

    Nova Minerals Ltd. April 10 announced that the Estelle project in Alaska now hosts 9.9 million ounces of gold in 1.1 billion metric tons of global resource averaging 0.3 grams per metric ton gold. While this represents only a marginal increase over a resource estimate completed a year ago, the company says the more conservative geological modeling used for the current resource better positions the project for more detailed studies moving forward. "While the current MRE...

  • A headframe from historic exploration rises above a fall landscape at Bornite.

    Two Arctic boroughs support Ambler Road

    Shane Lasley, Mining New|Updated May 1, 2023

    North Slope and Northwest Arctic boroughs ink joint resolution in favor of Ambler access. The Northwest Arctic and North Slope boroughs have put their combined political weight behind an effort to push the U.S. Department of Interior to expediently reapprove a road to the copper- and zinc-rich Ambler Mining District in Northwest Alaska. Located about 200 miles west of the Dalton Highway, a lone transportation artery that connects Alaska's North Slope with the rest of the... Full story

  • Newmont webpage in front of digital stock chart representing increased value.

    Newmont sweetens Newcrest merger offer

    Shane Lasley, Mining News|Updated Apr 27, 2023

    New $19.6 billion proposal deemed fair by Newcrest board; companies advance one step closer to merger. With a new US$19.6 billion (A$29.4 billion) offer, Newmont Corp. is one step closer to completing a merger with Newcrest Mining Ltd. For Newmont, which is already the world's largest gold mining company, the proposed combination with Newcrest would add gold and copper production from mines in Australia, Canada, and Papua New Guinea. In February, it was revealed that Newmont...

  • Magnifying glass on the Teck Resources logo displayed on a computer screen.

    Teck rejects Glencore merger bid, again

    Shane Lasley, Mining News|Updated Apr 27, 2023

    After $8.2 billion cash offer for coal assets, Teck calls Glencore's merger bid a non-starter. Despite an $8.2 billion cash sweetener, Teck Resources Ltd.'s board of directors is holding steadfast to its position that Glencore's aggressive bid to buy out the Canadian miner is a non-starter. "Glencore has made two opportunistic and unrealistic proposals that would transfer significant value to Glencore at the expense of Teck shareholders," Teck Resources Chair Sheila Murray...

  • An underground miner and drill at the Greens Creek silver mine in Alaska.

    Hecla on pace for 17M oz silver in 2023

    Shane Lasley, Mining News|Updated Apr 27, 2023

    Starts 2023 strong with 4M oz from Greens Creek and Lucky Friday; 2.5M oz boost expected from Keno Hill to close out the year. Hecla Mining Company April 14 reported that record mill throughput at its Greens Creek Mine in Alaska helped to launch a strong start to 2023 silver production, and the slated third quarter start of production at its Keno Hill Mine in the Yukon is expected to culminate in a spectacular finish to the year. The Greens Creek Mine produced 2.8 million...

  • Lights illuminate a terminal for loading coal onto ships in British Columbia.

    Glencore makes new Teck buyout bid

    Shane Lasley, Mining News|Updated Apr 27, 2023

    Offers $8.2 billion for BC coal assets ahead of a merger that provides Teck shareholders 24% stake in MetalCo. Teck Resources Ltd. continues to rebuff an increasingly aggressive buyout bid by Glencore, which hopes to merge with the Canadian mining company and then create two new companies that would advance the coal and metals assets resulting from the combined portfolio. This plan to create separate coal and metal mining companies is a continuation of a demerger strategy set...

  • Geologist inspects rocky surroundings at Keno Silver project in Yukon.

    Keno silver supplies another Yukon miner

    A.J. Roan, Mining News|Updated Apr 13, 2023

    Metallic Minerals Corp. April 10 announced the final results from the 2022 exploration at its Keno Silver project in Canada's Yukon. While small, the program unearthed impressive silver grades that are in line with the historical Keno Hill Silver District. Consisting of 171 square kilometers (66 square miles) within the historic Keno Hill Silver District, Metallic Minerals has been advancing its flagship Keno Silver project. Covering the eastern portion of the district, along...

  • Barge shipping copper concentrate to the Skagway deep sea port in Alaska.

    99th percentile copper for Minto Metals

    A.J. Roan, Mining News|Updated Apr 13, 2023

    Minto Metals Corp. April 12 announced the final results from 2022 exploration at its Minto Mine, which includes some of the highest copper grades in the history of its exploration at this Yukon operation. "We are very pleased with the results from the last batch of drilling and assays returned," said Minto Metals Vice President of Exploration David Benson. "The high-grade mineralization reported for drill hole 22EXP053 are some of the highest grade copper assays returned in th...

  • A hand-sized rock sample with extensive blue and gold-copper mineralization.

    High-grade copper-silver at Kim skarn

    Shane Lasley, Mining News|Updated Apr 12, 2023

    Core Assets Corp. April 11 reported strong copper and associated silver was encountered during 2022 channel sampling at the Kim skarn target on the company's 113,900-hectare (281,500 acres) Blue property in Northern British Columbia. Located along BC's border with Alaska in the Atlin Mining District, the district-scale Blue land package hosts high-grade skarn, carbonate replacement, and porphyry prospects enriched with copper, gold, zinc, silver, and lead. Since assembling the...