The mining newspaper for Alaska and Canada's North

Articles from the August 26, 2012 edition

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  • Renewed exploration focus brightens Sun

    Shane Lasley, Mining News|Updated Aug 26, 2012

    Andover Mining Corp. is hoping to shed some light on the true potential of its Sun volcanogenic massive sulfide project in Northwest Alaska. To accomplish this, the Vancouver B.C.-based junior has put together US$3.5-million program aimed at expanding the copper-silver-lead-zinc-gold mineralization at the historical Sun deposit and testing new prospects across an expanded land-package in the Ambler Mining District. "We designed our program this year to enable us to come out wi...

  • Global gold output will peak in 2022-25?

    Curt Freeman, For Mining News|Updated Aug 26, 2012

    Over a year ago, Natural Resource Holdings published a report entitled "How Rare are One Million Ounce Gold Deposits?" At that time, the publisher ranked 296 gold deposits that have more than 1 million ounces of gold in all resources categories. The same firm recently published a follow-up report titled, "Global Gold Mines & Deposits 2012 Ranking." The report ranks gold deposits above 1 million ounces, whose numbers have increased to 439 deposits with total resources of...

  • Where were you when the lights went out?

    J. P. Tangen, For Mining News|Updated Aug 26, 2012

    Perhaps it's just me, but this year's election cycle seems to have an uncharacteristically high level of venom and spleen, at least at the national level. The words "hate" and "liar" seem to have all of a sudden become politically correct in a macabre kind of way. We in Alaska, however, are going to have to watch from the sidelines due to the fact that there is no U. S. Senate race here and with our mere three electoral votes, we simply are not going to be a feather in the wind of the Presidential race. Instead, we will have... Full story

  • Billionaire historian champions NovaGold

    Shane Lasley, Mining News|Updated Aug 26, 2012

    Under the chairmanship of historian and entrepreneurial billionaire Thomas Kaplan, there is little chance NovaGold Resources Ltd. will be among those of which Spanish philosopher George Santayana warned when he wrote, "Those who cannot remember the past are condemned to repeat it." Kaplan, though, does not need to exercise his bachelor's, master's and doctoral degrees in history from Oxford University to see the wisdom of marching Donlin Gold - a 40-million-ounce gold deposit... Full story

  • Explorers scratch surface in south-east

    Rose Ragsdale, For Mining News|Updated Aug 26, 2012

    FARO - Legendary mineral explorer W. Douglas "Doug" Eaton hurried forward to greet the group of visitors clambering out of the MD900 helicopter as its whirring blades whipped miniature cyclones of dust in the air. Eaton - unlike many of the geologists, engineers and mining executives the group would meet during a weeklong tour of mine sites, exploration camps and conferences around Yukon Territory - grinned from ear to ear. The early part of the territory-wide mining tour also would include visits to the Einarson Project...

  • Attendance dips at 2012 Dawson Rocks

    Rose Ragsdale, For Mining News|Updated Aug 26, 2012

    DAWSON, Yukon - The 3rd Annual Dawson Rocks conference, an annual exposition for active mineral exploration projects in Yukon Territory, offered a sobering reminder of the power of the markets in the world of mining. Absent were the scores of juniors that packed much larger exhibition halls in 2010 and 2011 with enticing displays of samples, maps and drill core. This year a dozen exhibitors, ranging from part-time, grassroots prospectors to representatives of advanced exploration projects like Kaminak Gold Corp.'s Coffee...

  • Baffin iron ore project makes headway

    Rose Ragsdale, For Mining News|Updated Aug 26, 2012

    Baffinland Iron Mines Corp. is making considerable progress this summer in its ambitious quest to commence commercial production at the Mary River iron mine project in Nunavut. The company wants to develop an open pit mine on the Mary River property located on North Baffin Island in the Qikiqtani region of Nunavut and recently has been addressing questions regarding the mine's construction, operation, closure and reclamation. Mary River is one of the largest and richest undeveloped iron ore projects in the world, containing...

  • Pogo gold mine achieves 2M oz milestone

    Shane Lasley, Mining News|Updated Aug 26, 2012

    Having poured 2 million ounces of gold July 31, the Pogo Mine appears to be living up to its new mantra, "mining done right." Pogo General Manager Chris Kennedy is quick to attribute the continuing success at Alaska's most prolific gold mine to the efforts of the more than 330 employees and 150 contractors that work there. "Milestones like this are only achieved when safety and environmental performance remain at the forefront of everyone's minds. No ounce of gold is worth... Full story