The mining newspaper for Alaska and Canada's North

Articles from the June 24, 2012 edition

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  • AMA names new executive director

    Shane Lasley, Mining News|Updated Jun 24, 2012

    When Steve Borell announced that he was retiring as the executive director of the Alaska Miners Association - a post he held for 22 years - the group's board of directors was charged with the daunting task of filling the void left by the association's highly regarded and beloved leader. Unbeknownst to the board members, or Borell himself, the outgoing executive director had been grooming his replacement, Deantha Crockett, for nearly a decade. The new AMA executive director is...

  • Donlin Gold remains on permit path

    Shane Lasley, Mining News|Updated Jun 24, 2012

    An early June shakeup at the upper echelon of Barrick Gold Corp. management, including the sacking of CEO Aaron Regent, calls to question the future of the 40 million-ounce Donlin Gold project in Southwest Alaska. Regent, who had served as Barrick president and CEO since 2009, was replaced by executive vice president and CFO Jamie Sokalsky. Barrick founder and Chairman Peter Munk cited lackluster share performance when announcing the changes to the top executive office. "We... Full story

  • Zinc projects take shape in the North

    Rose Ragsdale, For Mining News|Updated Jun 24, 2012

    As the scope and tenor of a long-predicted shortfall in zinc supply begins to take shape, proponents of advanced mine projects in northern Canada with substantial deposits of zinc, along with lead, copper and/or other metals, are busy refining development strategies aimed at achieving production by the end of the decade. Near the front of the line are Tamerlane Ventures Inc., which is advancing the Pine Point Project in Northwest Territories, and Selwyn-Chihong Mining Ltd., which is working to develop the giant Selwyn...

  • Industry experiencing unparalled changes

    Curt Freeman, For Mining News|Updated Jun 24, 2012

    If you are looking for proof that the mining industry is experiencing unparalleled changes, look no further than "Mine 2012: The growing disconnect," the 9th edition of PricewaterhouseCoopers' annual report on the global mining industry. This recently released report indicates that in 2011 the top 40 global mining companies posted record profits of $133 billion and generated record operating cash flows of $174 billion. However, over the course of the year, market...

  • Lilliputian views 9th Circuit decision

    J.p. Tangen, For Mining News|Updated Jun 24, 2012

    The 9th Circuit handed down an en banc ruling on June 1, 2012, counter-posing placer mining on federal claims within the national forest along the Klamath River pursuant to a 36 CFR 228.4 Notice of Intent and Section 7 of the Endangered Species Act. Karuk Tribe of California v. U. S. Forest Service, No. 05-16801. Unsurprisingly, the majority ruled against the USFS and concomitantly against the miners on the single question of whether before consenting to a notice of intent, NO...

  • Driven to drill exciting gold discovery

    Shane Lasley, Mining News|Updated Jun 24, 2012

    Driven Capital Corp. recently launched a maiden 1,500-meter drill program to investigate the extent of high-grade gold-copper-silver rocks that pepper the surface of the White River property tucked in the southwestern corner of the Yukon Territory. Situated about 30 kilometers (19 miles) east of the Alaska border and a mere 10 kilometers (six miles) north of the Alaska Highway, White River is a grassroots discovery made by Tarsis Resources Ltd. in 2010. "You just get a tingle...

  • Junior reports sizable diamond resource

    Rose Ragsdale, For Mining News|Updated Jun 24, 2012

    With its flagship Renard project firmly on track to becoming Québec's first diamond mine, Stornoway Diamond Corp. recently demonstrated that it is also making progress in advancing its diamond exploration projects in Nunavut. In an NI 43-101 technical report recently filed on SEDAR, the explorer reported the first mineral resource estimate for the Q1-4 kimberlite pipe located at the explorer's Qilalugaq project in Nunavut. The Qilalugaq project includes the Qilalugaq kimberlite pipes and the Naujaat system of kimberlite dikes...

  • Shotgun owner targets gold resource

    Shane Lasley, Mining News|Updated Jun 24, 2012

    Following a five-year hiatus, TNR Gold Corp. has returned to confirm a 1 million-ounce gold resource at its Shotgun project in the Kuskokwim Gold Belt of Southwest Alaska. Located about 110 miles (175 kilometers) south of Donlin Gold and about the same distance northeast of Pebble, the property lies at the intersection of two trends known to host big deposits. "So, it's in a very, very prolific gold area. We think it has a potential not just for 1 or 2 million ounces … we... Full story

  • Junior secures major funding for 2012

    Shane Lasley, Mining News|Updated Jun 24, 2012

    While most juniors are cinching their belts and scaling back programs, Millrock Resources Inc. has C$7.5 million of exploration slated for its array of gold and copper-gold properties in Alaska in 2012, not to mention a healthy C$4.5 million budget for its copper-gold prospects in Arizona. Millrock President and CEO Greg Beischer said the scarcity of venture capital available to the junior exploration sector was palpable at the Cambridge House World Resource Investment... Full story