Articles from the May 25, 2008 edition
Sorted by date Results 1 - 18 of 18
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When you find yourself mining lemons
Looking at the world through the wrong end of the binoculars, as I often do, induces me to conclude that Alaska's mining industry is in a major state of disarray. Consider the evidence: There is a... — Updated 1/28/2018
Full Metal goes all out for Granite Creek
Full Metal Minerals Corp. May 15 said it signed an exploration agreement with an option to purchase 100 percent interest in the Granite Creek Gold Property in southwestern Alaska. The Vancouver, B.C.-based junior said it can earn 100 percent intere... — Updated 5/25/2008
Teck Cominco first-quarter profits dip
Teck Cominco Ltd. reported a 4.3 percent dip in profits in the first quarter of 2008 due mainly to a higher Canadian dollar and lower coal and zinc prices. Earnings fell to C$345 million, or C78 cents a share, compared with C$360 million, or C83... — Updated 5/25/2008 Full story
Fort Knox expansion jumps to fast track
Kinross Gold Corp., owner of the Fort Knox Gold Mine near Fairbanks, is accelerating work on an expansion project now under way at the mine to boost gold production at Fort Knox as much as six months sooner than originally planned. Based on the... — Updated 5/25/2008
Drills turn on projects across Alaska
The game is afoot all across Alaska with the drills turning to the right on projects all across the state. The operating mines turned in strong first-quarter results and several new acquisitions, joint ventures and new players were announced in... — Updated 5/25/2008
Parties settle Red Dog discharge lawsuit
A federal judge has canceled a trial scheduled for May 19 concerning a lawsuit filed in 2004 by six Kivalina residents asking for more than $20 million in damages from Teck Cominco Alaska Inc. for... — Updated 5/25/2008
Little Squaw shareholders adopt new name
After decades of doggedly chasing the legendary allure of the gold-rich Chandalar District northern Alaska, Little Squaw Gold Mining Co. is showing signs of closing in on its recent goals. The Spokane, Wash.-based junior changed its name in May to... — Updated 5/25/2008 Full story
Review set for Kensington tailings plan
Coeur d'Alene Mines Corp. May 8 said the U.S. Forest Service said an Environmental Assessment is the preferred level of review for permitting the proposed alternative tailings facility for its Kensington Gold Mine near Juneau, which could allow... — Updated 5/25/2008
Junior Goldmark backs away from Iliamna deal
Goldmark Minerals Ltd. of Calgary, Alberta has opted not to pursue an acquisition agreement with Geocom Resources Inc. to acquire all of Geocom's interest in the Iliamna property in Alaska, and 49 percent of Geocom's complete ownership of the... — Updated 5/25/2008
Zazu Metals Corp. wins permit for drilling at Lik deposit
Zazu Metals Corp. May 13 said it has received a Title 9 Permit from the Northwest Arctic Borough for an exploration and development program this year on the 26.7-million-metric-ton Lik zinc-lead-silver deposit, 22 kilometers, or about13.5 miles,... — Updated 5/25/2008 Full story
Pebble owners pledge to share research
The Pebble Partnership, vowing to share its research with the public as it becomes available, has launched a series of reports based on its pre-permitting environmental and socio-economic reports.... — Updated 5/25/2008
Gold Crest teams with gold giants
After years of exploring Southwest Alaska on its own, Gold Crest Mines Inc. has teamed up with Newmont North America Exploration Ltd., a subsidiary of Newmont Mining Corp. in three separate... — Updated 5/25/2008
Redcorp abandons amphitrac vehicle
Redcorp Ventures Ltd., parent of Redfern Resources Ltd. which operates the Tulsequah Chief Mine Project near Southeast Alaska, has abandoned plans for developing an unusual tow vehicle in favor of more conventional vessels for moving shipments of... — Updated 5/25/2008
Study endorses power line proposal
Building a power line into northern British Columbia could attract C$3.5 billion in mining investment to the area, according to preliminary findings of an independent study. The Northwest Power Line Coalition, an industry group that took up the... — Updated 5/25/2008 Full story
Junior wants to take closer look at BMP
International Tower Hill Mines Ltd. May 13 said the results from a recent high resolution airborne magnetic and EM survey completed over 30 square kilometers of mineralized areas of the company's BMP project in central Alaska show huge anomalies... — Updated 5/25/2008 Full story
For sale: Turnkey gold mine
Seven months after putting the Nixon Fork Mine on the block, St Andrew Goldfields Ltd., an Ontario-based exploration and mining company, may be weighing competing purchase offers for the property.... — Updated 5/25/2008
Junior tunnels into VMS deposit
Nearly eight months into a concentrated digging program in Southeast Alaska, Niblack Mining Corp. has bored more than 2,200 feet into a mountain on Prince of Wales Island in a plan to create a... — Updated 5/25/2008 Full story
Expansion initiatives gel for Sherwood
Sherwood Copper Corp., less than a year after commissioning its copper-rich Minto Mine in central Yukon, appears to be firing on all cylinders with production, expansion and exploration initiatives. The Vancouver, B.C.-based miner May 14 reported... — Updated 5/25/2008
