The mining newspaper for Alaska and Canada's North

Articles from the June 5, 2016 edition

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  • A brighter outlook!

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

    With metal prices stabilizing, physical stockpiles dwindling and demand again on the rise, things are beginning to look up for the beleagered mining industry. Gold's performance over the past several months is a case in point. The World Gold Council reported that during the first quarter, buying of exchange-traded gold funds rose to its highest level since early 2009, wiping out the deep sell-offs of 2014 and 2015 for this instrument. Uncertainties in the fiscal stability of...

  • Kiska enjoys renewed interest; drilling planned for Copper Joe

    Shane Lasley|Updated Jun 5, 2016

    Kiska Metals Corp. May 31 provided an update on it portfolio of projects, including a planned drill program on its Copper Joe copper-gold-molybdenum porphyry project in Southcentral Alaska. "Kiska is excited to be entering this period of renewed interest in the resource sector with over C$4 million of cash and marketable securities on hand, active option agreements with top-tier companies, drill-ready projects available for option, and a growing royalty portfolio," said Kiska...

  • New Alaska explorer seeks gold near Flat

    Shane Lasley|Updated Jun 5, 2016

    Mineral Mountain Mining & Milling Co., an Idaho-based exploration company, May 25 reported the acquisition of the Iditarod Gold project located in the Kuskokwim Gold Belt of Southwest Alaska. Situated about 35 miles north of the Donlin Gold property, Iditarod Gold consists of 66 Alaska state mining claims prospective for hosting a bulk tonnage gold resource. Mineral Mountain said the property covers geochemical gold and antimony geochemical anomalies that are coincident with... Full story

  • Northern Dynasty aims to raise funds to pay for getting Pebble beyond EPA, in permitting

    Shane Lasley|Updated Jun 5, 2016

    Northern Dynasty Minerals Ltd. May 26 said it plans to raise up to US$17 million to fund its multi-dimensional strategy to prevent the U.S. Environment Protection Agency's proposed pre-emptive regulatory action that would critically restrict development of the Pebble copper-gold-molybdenum project in Southwest Alaska. The offering, to be conducted by Global Securities Corp. and Industrial Alliance Securities Inc., will consist of 31,111,111 units at US45 cents apiece. Each...

  • New PEA reveals small but robust Tiger Mine

    Shane Lasley|Updated Jun 5, 2016

    Atac Resources Ltd. May 31 provided results of an updated preliminary economic assessment for the Tiger deposit at the western end of its Rackla Gold project, Yukon. The 2016 PEA has incorporated results of geotechnical and infill drilling conducted in 2015 and metallurgical studies completed in early 2016. Key changes to the 2014 PEA include both oxide and sulfide resources and the adoption of a simplified year-round agitated tank carbon-in-pulp leaching process. The 2014...

  • Netherlands-based Nordgold agrees to pay more to buy out Northquest

    Shane Lasley|Updated Jun 5, 2016

    Northquest Ltd. May 26 said it has agreed to accept an increased offer by Nordgold to buy all of the Northquest shares the Netherlands-based gold producer does not already own. In April, Nordgold, which already owns more than half of Northquest's outstanding shares, offered to buy all of the remaining shares at C25.3 cents each. Northquest countered with an offer of C26 cents per share, which has been accepted by Nordgold. The Northquest board of directors has recommended... Full story

  • Darnley Bay options zinc-rich Clear Lake project from Yukon prospector

    Shane Lasley|Updated Jun 5, 2016

    Darnley Bay Resources Ltd. May 24 reported that it has entered into an agreement to acquire the Clear Lake zinc-lead-silver deposit in the Yukon Territory from Bernie Kreft. Located roughly 225 kilometers (140 miles) north of Whitehorse this 2,479-hectare (6,125 acres) project is linked to the North Klondike Highway via a winter road to Pelly Crossing, roughly 65 kilometers (40 miles) to the west. Extensive exploration work has been carried out by a number of pervious... Full story