The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 9 of 9
Redstar Gold Corp. Aug. 24 announced that it has raised C$7 million and finalized the acquisition of Heliodor Metals Ltd., an exploration company with interests in three epithermal gold and silver projects in Mexico, plus C$1.5 million in cash and no debt. As part of the deal, Heliodor founder and President Charles Funk has been named as Redstar's CEO. "Adding Heliodor to the Redstar group of companies will form a leading exploration company with quality high grade precious...
Nova Minerals Ltd. Aug. 26 reported high-grade gold samples collected from an outcrop at Cathedral, an exploration target about 1,200 meters southwest of Korbel Block B on the company's Estelle gold project in Alaska. Reconnaissance exploration at Cathedral target included sampling of quartz-arsenopyrite veining outcropping within the target area. Nova said the spectacular high-grade gold values of 2.97 to 114 grams per metric ton gold from this sampling elevates Cathedral to...
Trilogy Metals Inc. and South32 Ltd. Aug. 25 announced that former Newmont Corp. senior executive Ramzi Fawaz has been appointed as president and CEO of Ambler Metals LLC, the 50-50 joint venture company formed by South32 and Trilogy to explore and develop the Upper Kobuk Mineral Projects (UKMP) in Northwest Alaska. Fawaz served as senior vice president of projects at Newmont from 2011 until 2019, with responsibility for the development and execution of Newmont's major gold...
Benchmark Metals Inc. Aug. 24 said it plans to complete up to 100,000 meters of drilling this year and 200,000 meters during 2021 at its Lawyers gold-silver project in northern British Columbia. This massive expansion of its exploration at Lawyers follows the announcement that it would be raising C$48 million through a brokered private placement financing led by Sprott Capital Partners, which is more than twice the C$21 million original offering. "The keen interest and...
Skeena Resources Ltd. Aug. 25 reported the discovery of a new Even Lower Mudstone sequence of gold-silver mineralization below the 21A zone at its Eskay Creek mine project in British Columbia's Golden Triangle. The company has received assay results from the first three of nearly 50 holes drilled at Eskay Creek since the 2020 program resumed there in July. The six rigs turning at Eskay Creek are primarily focused on resource upgrade drilling ahead of a preliminary feasibility...
Much like Mark Twain, who quipped, "The report of my death was an exaggeration," when informed of his obituary in an American newspaper, Politico's report of the untimely demise of the Pebble Mine project in Southwest Alaska was grossly overstated. On Aug. 22 Politico reported, "The Trump administration is planning to block the proposed Pebble Mine in Alaska early next week ... marking a surprise reversal that could be the death knell for the massive copper and gold project."...
Ten years ago, Yukon Territory witnessed a minor stampede of mineral explorers, hoping to cash in on new gold discoveries in the White Gold District south of Dawson City. A decade later, gold hunters are again targeting prospects across the northern Canadian territory, drawn by the recent successful startup of a new gold mine at Victoria Gold Corp.'s Dublin Gulch Property east of Dawson City in central Yukon as well as discoveries of other rich aurum deposits in Yukon....
Rising metal prices are helping to soften the blow COVID-19 has landed on Alaska's mining sector in 2020. While mining has been deemed an essential business in Alaska, which has helped keep the six large mines in the state operating during the pandemic, measures put in place to slow the spread of COVID-19 are weighing on production at some of these operations. Efforts to flatten the curve on the spread of coronavirus also disrupted several winter drill programs in Alaska,...
Every four years Americans get the delicious treat of a Presidential campaign during which contenders for leadership of the free world get to stand before the electorate and pontificate about matters they perceive to be of interest to the nation. My perpetual reaction to this humorous exercise is to recall the infamous words of Winston Churchill who noted that "Democracy is the worst form of government, except for all the others." Of course, thankfully, we do not live in a...
