The mining newspaper for Alaska and Canada's North
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The Money Knob deposit at International Tower Hill Mines Ltd.'s Livengood Project ranks among the top 2 percent of gold discoveries made globally during the past 20 years - a far cry from the prospect a newly-formed junior inherited from AngloGold Ashanti Exploration Inc. in late 2006. "The Livengood Project from 'Day One' really felt to me like we were on top of a very large gold system, so I was very committed to the project," Tower Hill CEO Jeff Pontius told Mining News...
Some months ago I was talking to a senior exploration manager regarding the lack of new discoveries worldwide in the last few years. The subject came up of just how rare a +1-million-ounce gold deposit really was. Then last week one of our project geologists lays a publication in front of me entitled "How Rare are One Million Ounce Gold Deposits?" by Natural Resources Holdings, Ltd. Although this publication comes at the question from the standpoint of which new deposits are...
Three score and a year or two ago, in the days when television was little more than a cathode ray tube with images in various shades of gray, one of my favorite and most memorable shows was called "The Big Brother Bob Emery Show." Big Brother Bob Emery was a non-menacing Mr. Rogers type whose influence on me has lasted to this day. Every afternoon at 12:15 p.m., he paused the program to lift a glass of milk in a toast to the President of the United States. I drank many gallons of milk to President Eisenhower, the first...
A strategy outlined by Golden Predator Corp. early in the year to focus most of its exploration resources in 2011 on three advanced exploration projects in Yukon Territory has morphed in recent weeks into unblinking attention on the one past gold producer in the company's portfolio - the Brewery Creek Project. "Due to the nature of the mineralization and the grade and consistency, we've certainly accelerated the budget on Brewery Creek "Our entire thinking about the project has changed," Golden Predator Chairman and CEO Wil...
Setting aside the textbooks and adopting a new geological model may be the first requirement for the adventurous explorer seeking the source of alluvial diamonds found in Alaska. The precious gems have been found in the workings of placer gold mines in Interior Alaska and rumors of similar discoveries swirl in other regions of the state and neighboring Yukon Territory. But neither of these Far North jurisdictions host the geological conditions required to produce the glimmerin...
Growing demand, especially in China and India, is driving intensified diamond exploration, development and mining activities in Northwest Territories. Diamond prices, which plunged during the recession, also have steadily rebounded recently amid healthier demand. The territory's producing diamond mines are pulling out the stops to boost their output, while developers of potentially a fourth large diamond mine reported progress recently in moving their project closer to startup. Output climbs at Diavik Harry Winston Diamond Co...
Prospects for Nunavut emerging as another major center of diamond production in Canada are rising right along with prices and worldwide demand for the sparkly stones, thanks to small group of dedicated explorers working across the northern territory. Peregrine Diamonds Ltd. and BHP Billiton are reporting ongoing exploration success in eastern Nunavut, while Shear Diamonds Ltd. is mounting a new effort to rehabilitate the closed Jericho Diamond Mine in the west. They and other explorers, including Diamonds North Resources...
The Pebble Partnership - an equally-owned joint venture formed between Northern Dynasty Ltd. and Anglo American plc to advance the exploration and development of a colossal copper-gold-molybdenum deposit in Southwest Alaska - has approved a budget of US$91 million for 2011, a 25 percent increase over the US$72.9 million spent at the project in 2010. This extensive program will largely center on the ongoing environmental studies and the engineering work needed to complete a...
The U.S. Environmental Protection Agency released additional information in early May about its plan to conduct a scientific assessment of the Bristol Bay watershed in hopes of better understanding how future large-scale development projects may affect water quality and Bristol Bay's world-class salmon fishery. The EPA announced the study in February, saying it was undertaken in response to concerns from Alaska Native groups, including the Bristol Bay Native Corp., and others...
Since the formation of Heatherdale Resources Ltd. in the latter half of 2009, the Hunter Dickinson Inc.-affiliated junior has spent more than US$20 million exploring the Niblack gold-copper-zinc-silver project in Southeast Alaska. Now contemplating the viability of building a mine at that precious metals-enriched volcanogenic massive sulfide project, the young junior has added Delta, an earlier stage VMS prospect located in eastern Interior Alaska, to its portfolio. "Our...
