The mining newspaper for Alaska and Canada's North

Articles from the April 24, 2016 edition

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  • Miners get quick start in 2016

    Curt Freeman, For Mining News|Updated Jan 26, 2018

    Most of Alaska is now enjoying a warm, early spring, allowing field programs to get off to an quicker start this year. While budgets are still tight, interest in Alaska projects has steadily increased as the mining and metals markets slowly recover from a four-year slowdown. Current estimates for 2016 exploration expenditures are looking like they will end up in the US$50 million to US$60 million range, down from the US$75 million range of last year but less precipitous than... Full story

  • NovaCopper adds 569 million lbs. copper to Bornite, a 173% increase

    Shane Lasley|Updated Apr 24, 2016

    NovaCopper Inc. April 19 provided an updated resource estimate for the Bornite project located in the highly prospective Ambler Mining District of Northwest Alaska. Using a 0.50 percent copper cutoff grade, the Bornite Project is estimated to contain 40.5 metric tons of in-pit indicated resources averaging 1.02 percent (913 million pounds) copper; and 84.1 million metric tons of inferred resources averaging 0.95 percent (1.8 billion lbs.) copper. Contained copper in the...

  • Hecla posts strong start to 125th year

    Shane Lasley|Updated Apr 24, 2016

    Hecla Mining Company April 14 reported record silver production of 4.64 million ounces in the first quarter, a 61 percent increase over the 2.88 million oz. produced in the first quarter of 2015. Additionally, gold production climbed 37 percent to 55,688 oz.; zinc production rose 7.9 percent to 17,364 tons; and lead production increased by 12 percent to 11,038 tons. As a result, Hecla produced a record 12.03 million silver-equivalent oz. during the first quarter. Much of the...

  • Seabridge agrees to buy SnipGold, Iskut project

    Shane Lasley|Updated Apr 24, 2016

    Seabridge Gold Inc. April 19 reported that it has entered into a definitive agreement to acquire all of the issued and outstanding common shares of SnipGold Corp. SnipGold's primary asset is the Iskut project, a roughly 286-square-kilometer (110 square miles) contiguous block of ground located near Seabridge's KSM project in the in the Golden Triangle region of northwestern British Columbia. "The board of directors of Seabridge believes the proposed transaction will enhance... Full story

  • Former NWT Minister Ramsay joins Fortune board

    Shane Lasley|Updated Apr 24, 2016

    Fortune Minerals Ltd. April 18 announced the appointment of former Northwest Territories minister David Ramsay to its board of directors. Ramsay has more than 20 years of elected public office experience in the Northwest Territories, which included prominent cabinet positions in the Legislative Assembly. Prior to November, he served as Minister of Industry, Tourism and Investment, accounting for about 50 percent of Northwest Territories' private sector gross domestic product....

  • Klondike Gold more than doubles drill program

    Shane Lasley|Updated Apr 24, 2016

    Klondike Gold Corp. April 14 said it is expanding its planned drill program at the Lone Star and Dominion gold properties near Dawson City, Yukon Territory from 20 holes to at least 50, and increases the budget from C$350,000 up to C$750,000. All 50 planned holes will target outcropping quartz vein arrays containing visible gold, outcrop grab samples with at least five grams per metric ton assay results, or both, and all are associated with magnetic breaks (faults) that are...

  • Island Mountain revealed

    Shane Lasley, Mining News|Updated Apr 24, 2016

    How much copper, gold and silver have been identified so far at the Island Mountain deposit? Thanks to Brazil Resources Inc., the new owner of the expansive Whistler property in Southcentral Alaska, we have the answer to this question which has lingered for the past five years. According to a maiden resource published April 18, Island Mountain adds 1.56 million ounces of gold, 3.34 million oz. of silver and 125.7 million pounds of copper to resources already identified at...