The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 7 of 7
Contango ORE Inc. April 9 announced that it has entered into a binding agreement to raise US$20 million through the issuance of debenture, an unsecured loan that can be converted into shares, to fund its commitments at the Manh Choh gold project in eastern Alaska and for exploration and development on its Lucky Shot gold mine properties in the Southcentral region of the state. "With strong fundamentals in the gold market, management is excited to advance our portfolio of...
With its world-class mineral potential and favorable mining policies, Western Australia reclaimed the crown as the best place to discover, permit, and build a mine, according to the mining executives that ranked 84 global jurisdictions for the Fraser Institute's Annual Survey of Mining Companies, 2021. Each year, Canada-based Fraser Institute calls on mining executives from around the world to rank global mining jurisdictions when it comes to mineral potential and a broad...
Kinross Alaska has donated $1 million to support the Troth Yeddha' Indigenous Studies Center, a 34,000-square-foot facility to be built on the University of Alaska Fairbanks campus that will provide a center for Alaska Native programs and support indigenous student success. "This is much more than a building. It is a space and tangible symbol of honoring and valuing Alaska's first people," Kinross Alaska External Affairs Director Anna Atchison said upon announcing the donation...
Hecla Mining Company April 12 reported that its Greens Creek Mine produced 2.4 million ounces of silver and 10,299 oz of gold during the first three months of 2022. The Southeast Alaska operation's first-quarter silver output is down nearly 8% from the 2.6 million oz produced during the same period last year but up by about 4% from the previous quarter. Likewise, first-quarter gold production is about 22% lower than the first three months of 2021 but more than 11% higher than...
Constantine Metal Resources Ltd. April 13 announced that US$17.98 million (C$22.7 million) has been budgeted for the 2022 work at Palmer, a zinc-copper-silver-gold-barite project in Southeast Alaska. "This is the single largest Palmer program and budget, and it will set the stage to initiate underground exploration to provide essential technical information to be included in a future feasibility study," said Constantine Metals Resources President and CEO Garfield MacVeigh. Loc...
Seabridge Gold Inc. April 14 announced that Mitchell and East Mitchell, two of the five deposits on the company's KSM project in British Columbia's Golden Triangle, host a combined 72 million ounces of gold, 323 million oz of silver, 11.9 billion pounds of copper, and 171 million lb of molybdenum. Seabridge acquired East Mitchell, then known as Snowfield, from Pretium Resources Inc. toward the end of 2020. A drill program carried out last year confirmed that the neighboring...
StrikePoint Gold Inc. April 12 announced the latest results from surface channel sampling as well as reconnaissance grab samples collected during the 2021 exploration at its Willoughby gold-silver property, just east of Stewart, British Columbia. Willoughby is an intrusion-related gold-silver project similar to Ascot Resources Ltd.'s Red Mountain Mine project about seven kilometers (four miles) to the west. Historical drilling on the property encountered high-grade gold and si...
