The mining newspaper for Alaska and Canada's North

Articles from the May 19, 2023 edition

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  • A snow train transporting fuel and drill materials to Ferguson Lake, Nunavut.

    Canadian North receives Nunavut DIG grant

    Shane Lasley, Mining News|Updated Jun 15, 2023

    Canadian North Resources Inc. May 16 announced that it has been awarded a C$250,000 grant through Nunavut's Discover, Invest, Grow (DIG) program for exploration at the company's Ferguson Lake nickel-copper-cobalt-platinum group metals project in the territory's Kivalliq region. "We are thrilled to have been awarded this grant from Nunavut's Discovery Department of Economic Development and Transportation," said Canadian North Resources President and CEO Kaihui Yang. "It is an...

  • Cat dozer and Hitachi excavator work on the Tetlin Road.

    Contango obtains $65M to build Manh Choh

    Shane Lasley, Mining News|Updated Jun 1, 2023

    Contango ORE Inc. May 18 reported that it has secured a loan of up to US$70 million to fund its share of the construction, operation, and other expenses required to achieve the first gold pour at the Manh Choh mine project in Alaska. Being advanced by Peak Gold LLC, a joint venture between Kinross Gold Corp. (70%) and Contango (30%), the Manh Choh Mine is expected to produce roughly 1 million gold-equivalent oz, which includes the value of both the gold and silver, over an...

  • Looking across a mining pit and tailings facility to the Minto camp and mill.

    Minto Metals shutters Yukon copper mine

    Shane Lasley, Mining News|Updated Jun 1, 2023

    Yukon takes over, hires JDS Mining to maintain site; mine closure may sink Minto Metals and Pembridge. Inundated by the forces of nature and finance, Minto Metals Corp. is shuttering operations at its Minto copper mine in Canada's Yukon. "Needless to say, ceasing operations at the Minto mine was an extremely difficult and disappointing decision, that was not taken lightly," said Minto Metals President and CEO Chris Stewart. Unable to continue to meet its financial obligations...

  • A smartphone displays Newmont’s logo in front of mining company’s webpage.

    Newmont, Newcrest agree on merger deal

    Shane Lasley, Mining News|Updated Jun 1, 2023

    Merged company will hold several world-class gold, copper assets in Northern BC's Golden Triangle. In a deal that will bring together several world-class copper and gold projects in British Columbia's Golden Triangle, Newmont Corp. and Newcrest Mining Ltd. have agreed upon a merger worth A$28.8 billion (US$19.3 billion) to Newcrest shareholders. "The combination of Newmont and Newcrest represents an exceptional value proposition for shareholders and other stakeholders," said N...

  • USGS geologist samples a mineralized outcrop on treeless slope in Alaska.

    USGS funds new Earth MRI scans in Alaska

    Shane Lasley, Metal Tech News|Updated Jun 1, 2023

    Home to deposits and prospects enriched with 49 out of the 50 minerals deemed critical to the United States, Alaska is the single best state in the nation to explore for the minerals and metals needed for clean energy, electric vehicles, high-tech devices, and military hardware. To gain a better understanding of the 49th State's critical minerals potential, the U.S. Geological Survey is investing an additional $5.8 million to explore specific regions of the state in 2023....

  • A geologist investigates a band of oxidized mineralization on a mountain ridge.

    Nova ramps up 2023 Estelle exploration

    Shane Lasley, Mining News|Updated Jun 1, 2023

    Nova Minerals Ltd. May 16 announced that crews and equipment have been mobilized to Estelle for a planned 15,000-meter drill program that will primarily target the higher-grade gold identified in the RPM and Train areas of the property. In April, the company reported that Estelle hosts 1.1 billion metric tons of global resource averaging 0.3 grams per metric ton (9.9 million ounces) gold. According to the new calculation, the Korbel Main deposit at the north end of the...

  • The first 2023 hole at the Camp Creek copper target in Northern BC.

    Brixton begins BHP-backed Thorn drilling

    Shane Lasley, Mining News|Updated May 18, 2023

    Brixton Metals Corp. May 17 announced the start of an up to 20,000-meter drill program on the company's Thorn copper-gold project in the northern reaches of British Columbia's Golden Triangle. The 2,863-square-kilometer (1,105 square miles) Thorn project, which hosts both porphyry copper-gold-silver-molybdenum targets and high-grade epithermal gold targets, has attracted the interest of one of the world's largest mining companies. Late last year, BHP Group Ltd. invested...

  • A large outcrop of possibly lithium-bearing spodumene pegmatites at Moose 2.

    Funding for North Arrow lithium projects

    A.J. Roan, Mining News|Updated May 18, 2023

    North Arrow Minerals Inc. May 18 announced that it has raised roughly C$2.7 million to fund exploration of its lithium projects in northern Canada, which will primarily be focused on the company's newly acquired DeStaffany lithium project in Northwest Territories. The company raised the cash through a C$2.4 million private placement financing and the sale of 0.5% royalty interests in its Loki diamond project in Northwest Territories' Lac de Gras region for C$374,000. With the...