The mining newspaper for Alaska and Canada's North

Articles from the August 5, 2022 edition

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  • A see-through shard of obsidian, showing its glass-like quality.

    Fingerprints of the Earth in obsidian

    A.J. Roan, Mining News|Updated Sep 3, 2022

    Unlike the European prospectors seeking the gold, silver, copper, and the New World's wealth of other metals, oftentimes First Nations, Native Americans, and Indigenous peoples throughout North America sought a different rock that was precious to their very survival, obsidian. From as far north as the Gates of the Arctic national park to as far south as the Gulf of California, and even eastward and at the bottom of the Great Lakes, this microscopically sharp volcanic rock has...

  • Northwest Territories First Nation drummers perform on an ore sorter catwalk.

    Ore sorting upgrades North of 60 mines

    Shane Lasley, Mining News|Updated Sep 3, 2022

    "Grade is king" is an adage that guides mineral exploration and mining. The premise behind this basic axiom of the mining business is the less ore that needs to be mined and processed per ounce of precious metals, pound of base metals, kilogram of critical minerals, or carat of gemstones produced, the more profitable an operation will be. The kingliest of orebodies would be of such high grade that a mining company would simply need to dig up the ore, crush it, and then ship it...

  • A bunch of bananas sitting beside an hourglass-type sand timer.

    Green bananas, mining risks, and time

    Curt Freeman, Special to Mining News|Updated Aug 19, 2022

    Noted Alaskan prospector Rudy Vetter once told me, "At my age, I don't even buy green bananas anymore." I heard this sage remark during a mineral property lease negotiation after I offered Mr. Vetter a production royalty, rather than the cold, hard cash he wanted. Mr. Vetter was in his 80s at the time and clearly knew his own investment risk timeline. He also clearly knew that Alaskan mines require a number of years to move from discovery to production. So not surprisingly,... Full story

  • A row of solar panels with wind turbines behind them.

    America leads global campaign to fight climate change with landmark legislation

    Ron MacDonald|Updated Aug 11, 2022

    The $469 billion energy and climate spending agreement struck between Senate Majority Leader Chuck Schumer (D-NY) and Joe Manchin (D-WV), if successful in getting passed in Congress, will be the biggest legislative win for the clean energy movement since the Clean Air Act and represents the single largest federal clean energy investment in U.S. history. This energy and climate agreement details that a $27 billion 'clean energy technology accelerator' will be created to ensure... Full story

  • A fall view of the True North and Fort Knox gold mines in the distance.

    Felix drills more Treasure Creek gold

    Shane Lasley, Mining News|Updated Aug 11, 2022

    Felix Gold Ltd. Aug. 1 announced additional near surface gold intercepts from the 15,000-meter drill program being carried out this year on the Treasure Creek project about 20 miles north of Fairbanks, Alaska. Situated about 13 miles west of Kinross Gold Corp.'s Fort Knox Mine, Treasure Creek hosts numerous prospects with interesting drill intersections reported by previous explorers on the property. Roughly 2,000 soil samples collected last year identified two key targets...

  • Large drill rig tests for gold during the winter near Yellowknife, NWT.

    Gold Terra tests shear south of Con Mine

    Shane Lasley, Mining News|Updated Aug 11, 2022

    Gold Terra Resource Corp. Aug. 3 released the final assay results from the 15-hole winter drill program designed to test the Campbell Shear along strike south of the historic Con gold mine in Yellowknife, Northwest Territories. With the 200-meter-spaced holes drilled to depths of approximately 1,000 meters, the winter drilling at Campbell Shear, an area south from the Con Mine to the high-grade Yellorex Main zone, includes two holes at Y-88 Zone, six in the Campbell-Con Shear...

  • Sixty North CEO David Webb and director Brian Malahoff at Mon property.

    Junior explores nickel, cobalt showing

    Rose Ragsdale, For Mining News|Updated Aug 11, 2022

    Sixty North Gold Mining Ltd. reported July 11 that crews moved onto its Mon Gold property in late June and began mapping and sampling a recent nickel and cobalt discovery situated about a mile (1.5 kilometers) southeast of the mine site. The original discovery of the critical metals occurred in 2021 when a grab sample returned greater than 1% nickel, 0.18% cobalt, and 0.429 grams per metric ton gold. Follow-up grab samples in early 2022 confirmed 0.31% nickel, 0.022% cobalt,...

  • A section of drill core striped with zinc and silver-rich lead minerals.

    Assays affirm high-grade Waterpump Creek

    Shane Lasley, Mining News|Updated Aug 11, 2022

    Western Alaska Minerals Corp. Aug. 2 reported that the first assay results from its 2022 drilling at Waterpump Creek has confirmed the high-grade silver-zinc-lead mineralization observed in the core from drilling this carbonate replacement deposit on the company's Illinois Creek project in western Alaska. In early July, Western reported that four holes drilled this year at Waterpump Creek – WPC22-07, WPC22-08, WPC22-011 and WPC22-13 – cut significant massive sulfide min...

  • Mineral exploration drill rig glowing yellow from lights shining through canvas.

    A 72-year mining opportunity at KSM

    Shane Lasley, Mining News|Updated Aug 11, 2022

    Following the 33 years of surface mining outlined in a recent prefeasibility study, the KSM project in British Columbia's Golden Triangle would still have enough resources to support an additional 39 years of underground mining, according to a new preliminary economic assessment prepared for Seabridge Gold Inc. In early July, Seabridge published the results of a prefeasibility study for an open-pit mining operation at KSM that would produce an average of more than 1 million...

  • Justice Neil Gorsuch and the U.S. Supreme Court building.

    Is America a Republic or a Democracy?

    J. P. Tangen, Special to Mining News|Updated Aug 4, 2022

    With the recent rash of opinions handed down by the U.S. Supreme Court this spring, there has been a great deal of conversation about whether the 'democracy' is at risk. Whether we are a republic or a democracy, of course, depends on how one defines the terms. Some would say that a democracy is when two wolves and a sheep vote on what to have for dinner. Our national Constitution guarantees a "republican form of government," and presumably, our forefathers meant that the... Full story