The mining newspaper for Alaska and Canada's North

Articles from the November 2, 2018 edition

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  • Historic Premier gold silver mine project Golden Triangle British Columbia

    Ascot grows Premier with Silver Coin buy

    Updated Sep 25, 2020

    Ascot Resources Ltd. Oct. 29 announced it has completed the acquisition of Silver Coin, an advanced stage, gold-silver property immediately adjacent to Ascot's Big Missouri project and five kilometers (about three miles) from the Premier mill in northwestern British Columbia. The high-grade core of Silver Coin hosts 702,000 metric tons of indicated resource grading 4.46 grams per metric ton (100,660 ounces) gold and 967,000 metric tons of inferred resource grading 4.39 g/t...

  • Avalon Development Curt Freeman Alaska Mining overview November 2018

    Mining risks change often, dramatically

    Curt Freeman, Special to Mining News|Updated Sep 25, 2020

    As Alaska's mining industry nears the end of another hectic year during which metals prices and investor sentiments rose and fell as precipitously as the world's major stock exchanges, the industry is naturally looking into its crystal ball trying to anticipate what the new year will bring. EY Global Mining and Metals does this sort of forecasting by putting out an annual "risk radar" for mining and metals. The idea is to find out what the industry perceives as the top ten... Full story

  • Shorty Creek magnetic geophysics map porphyry copper gold moly tungsten

    Freegold continues to advance Alaska assets

    Updated Sep 25, 2020

    Freegold Ventures Ltd. Oct. 30 provided an update on its exploration activities at its Shorty Creek and Golden Summit projects. This fall, Freegold completed a modest two-hole drill program at Shorty Creek, a copper-gold porphyry target located alongside the Elliott Highway about 75 miles northwest of Fairbanks. Freegold discovered significant copper-gold mineralization at Shorty Creek during an inaugural drill program carried out there in 2015. One hole drilled that year, SC...

  • Historic Eskay Creek VMS gold silver mine property northwestern BC

    Strong gold, silver at Eskay Creek 21A

    Updated Sep 25, 2020

    Skeena Resources Ltd. Oct. 31 said long sections of gold-silver mineralization cut in six additional holes from the phase I drilling at Eskay Creek continue to demonstrate the excellent grade and geological continuity of the 21A Zone of this project in the Golden Triangle of British Columbia. Over a 14-year span starting in 1994, Barrick Gold Corp. operated a mine at Eskay Creek producing 3.3 million ounces of gold and 160 million oz of silver from volcanogenic massive sulfide...

  • Usibelli Coal Mine buys Tri-Valley subdivision Healy from Alaska Railroad Corp.

    UCM buys land for Healy resident's to own

    Updated Sep 25, 2020

    Usibelli Coal Mine Inc. Oct. 26 announced that it has acquired the Tri-Valley subdivision in Healy, Alaska from Alaska Railroad Corp., a major step in the coal mining company's goal to make these lots available for private ownership. "What many people outside Healy may not know, is that there isn't much land in the area available for private ownership. The community's primary residential subdivision is actually built on Alaska Railroad Corporation land. Residents own their... Full story

  • Palmer volcanogenic massive sulfide deposit Haines Alaska copper zinc barite

    AG Zone emerging as a significant deposit

    Updated Sep 25, 2020

    Constantine Metal Resources Ltd. Oct. 30 said drilling at AG Zone continues to trace a thick lens of precious and base metals-rich massive barite-sulfide with potential to add substantial tonnage to the total mineral resource base for the Palmer project in Southeast Alaska. Expansion of the AG Zone, discovered 3,000 meters southwest of the main Palmer (South Wall-RW) deposit in 2017, was a primary goal of the 10,364-meter drill program carried out at Palmer this summer. Highli...

  • Goat vein meets high-grade expectations

    Updated Sep 25, 2020

    Grande Portage Resources Ltd. Oct. 29 said drilling has tapped high-grade gold in the Goat vein on the Herbert Gold project in Southeast Alaska. Earlier this year, Grande Portage reported very high-grade gold results from two channel samples cut across an outcropping section of Goat Vein. One of these sample returned 129.02 g/t (3.76 oz/t) gold and 68 g/t silver over 1.12 meters; and the second returned 290 g/t (8.46 oz/t) gold and 224 g/t silver over 1.02 meters. Hole DDH18M-...

  • Alaska DGGS geochemical data Northeast Tanacross project 2018

    DGGS publishes data from Tanacross survey

    Updated Sep 25, 2020

    Alaska Division of Geological & Geophysical Surveys Oct. 30 published major-oxide and trace-element geochemical data from rocks collected from the Northeast Tanacross project in 2018. From June 19 through July 15, 2018, geologists from the Alaska Division of Geological & Geophysical Surveys (DGGS) carried out a geologic mapping and geochemical sampling project in the Northeast Tanacross map area – Tanacross D-1 and parts of C-1 and D-2 quadrangles – adjacent to the For...

  • Yukon gold exploration drilling Shawn Ryan GroundTruth Exploration Dawson

    White Gold fever grips explorer in 2018

    Rose Ragsdale, For Mining News|Updated Sep 25, 2020

    It's clear by now that famed prospector Shawn Ryan has the Midas Touch when it comes to making significant mineral discoveries in the White Gold District of west-central Yukon Territory. During the past few weeks, junior mining company White Gold Corp. – which Ryan guides as chief technical advisor – reported not one, not two, but at least three significant gold discoveries in the region. White Gold's C$9 million, 14,500-meter exploration program for 2018 targeted expansion of...

  • Tanacross quadrangle western Yukon claim staking map Oreo Mountain

    Majors quietly move into eastern Alaska

    Shane Lasley, Mining News|Updated Sep 25, 2020

    While claim staking and mineral exploration has rocketed in Yukon's famed White Gold and Klondike districts, this prolific action nearly comes to a halt at the territory's western border with Alaska. This has given rise to a tongue-in-cheek theory that there must be a major fault separating the mineral rich lands in western Yukon from the barren lands west of the border. This "Border Fault" apparently does exist. It is not, however, a major geological structure separating... Full story

  • Critical Minerals Alaska - Rhenium superalloy metal used in jet turbines

    Critical Minerals Alaska – Rhenium

    Shane Lasley, Mining News|Updated Sep 25, 2020

    With a melting point of 5,756 degrees Fahrenheit and a heat-stable crystalline structure, rhenium is extremely resistant to both heat and wear. This durability makes it a vital element in superalloys used in jet and industrial gas turbine engines. "The high-temperature properties of rhenium allow turbine engines to be designed with finer tolerances and operate at temperatures higher than those of engines constructed with other materials," the United States Geological Survey...

  • Historic Golden Triangle mine properties Snip gold mine Eskay Creek

    ME2018: Skeena Resources Ltd.

    Updated Nov 23, 2018

    Skeena Resources Ltd. has assembled an impressive portfolio of precious and base metals properties in British Columbia's Golden Triangle. This year the company focused its exploration primarily on expanding the high-grade gold at Snip and Eskay Creek, two past-producing mines acquired from Barrick Gold Corp. Operated by Barrick in the 1990s, the historic underground mine at Snip produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per... Full story

  • High grade silver exploration historic mine property BC

    ME2018: Dolly Varden Silver Corp.

    Updated Nov 23, 2018

    A roughly 25,000-meter drill program carried out by Dolly Varden Silver Corp. in 2018 focused on expanding and defining the deposits of high-grade silver at its Dolly Varden project in northern British Columbia. The deposits identified on this property exhibit both Eskay-like volcanogenic massive sulfide and Brucejack-like epithermal mineralization styles. In 2015, Dolly Varden published a maiden indicated resource of 3.07 million metric tons averaging 321.6 grams per metric... Full story

  • Millrock Resources PolarX drill Zackly skarn copper gold Alaska Range

    ME2018: Millrock Resources Inc.

    Updated Nov 23, 2018

    Millrock Resources Inc. is a project generating mineral exploration company with five projects in Alaska, three in British Columbia (transferred to Sojourn Exploration Inc.), 16 in Mexico and one in New Mexico. Alaska Range, a property that hosts a copper-gold-silver skarn deposit and is highly prospective for copper-gold porphyries, is the most active project in Millrock's portfolio this year. In 2017, Millrock sold its Stellar copper-gold-silver project to Australia-based... Full story

  • ME2018: Kinross Gold Corp.

    Updated Nov 23, 2018

    11 is a milestone year for Kinross Gold Corp. – 25 years as a growing force in the global gold mining sector. Over its first quarter-century, Kinross has grown exponentially, from producing 83,000 ounces of gold with 1.6 million oz of reserves in 1993 to a major expected to produce 2.5 million gold-equivalent-oz from 25.9 million oz of gold reserves in 2018. This dramatic expansion is largely due to Kinross' two-pronged exploration strategy – focusing its own efforts on high... Full story

  • Gold copper exploration drilling Golden Triangle BC

    ME2018: Seabridge Gold Corp.

    Updated Nov 16, 2018

    Continuing its founding strategy of building ounces of gold in the ground per share on the market, Seabridge Gold Corp. had drills turning this year at its projects in British Columbia, Northwest Territories and Nevada. With 45.3 million ounces of gold, 10.2 billion pounds of copper, 183 million oz of silver and 207 million lb of molybdenum in reserves at its KSM and Courageous Lake projects, plus much more gold and other metals in resource categories across its portfolio, Sea... Full story

  • J.P. Tangen guest op-ed piece November 2018 North of 60 Mining News

    Due process sometimes just isn't fair

    J. P. Tangen, Special to Mining News|Updated Nov 2, 2018

    I have always been bemused by an apparently historic inconsistency between the Declaration of Independence and the Fifth Amendment to the Constitution. The first speaks of "life, liberty and the pursuit of happiness," but 14 years later, the Fifth Amendment concerned itself with "life, liberty and property." This was an apparent paradigm shift. The change has historical explanations. (Give an historian enough time and he (or she) can explain anything.) For instance, the Foundi... Full story

  • Zinc lead silver massive sulfide exploration in Yukon Territory

    Cantex drills zinc, lead above assay limits

    Updated Nov 2, 2018

    Cantex Mine Development Corp. Oct. 29 reported spectacular zinc-lead-silver results from this year's drilling at the aptly named Massive Sulphide zone on the company's North Rackla property in the Yukon. The zinc and lead grades for some of the samples from five of the holes drilled were so high – exceeding 30 percent zinc and 20 percent lead – that they topped the limits of the assay methods used. These five holes were drilled in Extension zone, which is a section of Mas...

  • Underground gold silver mine project near Stewart Golden Triangle BC

    ME2018: IDM Mining Ltd.

    Updated Nov 1, 2018

    IDM Mining Ltd. is focused on developing British Columbia's next underground gold mine at the company's Red Mountain project a few miles east of Stewart. A feasibility study completed in 2017 outlines plans for a 1,000-metric-ton-per-day mill to process high-grade ore from the Red Mountain underground mine that is expected to average roughly 78,000 ounces of gold per year over an initial six-year mine-life. This operation is based on 1.95 million metric tons of reserves,... Full story

  • Zinc lead silver exploration drilling Red Dog District Northwest Alaska

    ME2018: Teck Resources Ltd.

    Updated Nov 1, 2018

    Teck Resources Ltd. is investing roughly US$110 million on mill upgrades at its Red Dog Mine that will help ensure strong zinc production from this Northwest Alaska zinc operation until at least 2031. This current life expectancy for Red Dog is based on 57.6 million metric tons of reserves averaging 13.6 percent (13.9 billion pounds) zinc and 3.9 percent (2.5 billion lb) lead. Aktigiruq, a large and high-grade zinc target roughly five miles northwest of the current... Full story

  • High grade gold mine Golden Triangle British Columbia

    ME2018: Pretium Resources Inc.

    Updated Nov 1, 2018

    Reaching commercial production at Brucejack in mid-2017, Pretium Resources Inc. focused this year's work on accelerated underground development and exploration at this bonanza grade underground gold mine. Pretium achieved commercial production at Brucejack in mid-2017, and the operation produced 228,173 ounces of gold during the first nine months of operation. While the mill outperformed its 2,700-metric-ton-per-day capacity, the gold grades being fed into it were lower than... Full story

  • High grade gold exploration and development Southeast Alaska

    ME2018: Coeur Mining Inc.

    Updated Nov 1, 2018

    A combination of exploration and acquisition substantially boosted Coeur Mining Inc.'s precious metals reserves and resources in 2018. The Chicago-based miner entered the year with 335.8 million silver-equivalent ounces in proven and probable reserves, a 10 percent increase from the beginning of 2017. The silver-equivalent reserves accounts for the value of both the silver and gold at its five operating mines – Palmarejo (Mexico), Rochester (Nevada), Kensington (Alaska), W... Full story

  • Peak Gold Royal Gold Contango Ore gold skarn near Tok Alaska

    ME2018: Peak Gold LLC

    Updated Oct 26, 2018

    Peak Gold, a joint venture between Contango ORE Inc. (60 percent) and Royal Gold Inc. (40 percent), is beginning to investigate the economics of mining the gold-rich Peak and North Peak skarn deposits that it has outlined at Peak Gold (formerly Tetlin), an extensive land package near the crossroads town of Tok in Alaska's Eastern Interior. The 2018 program also includes exploring for new skarn deposits near the Peak deposits, as well as evaluating the potential for porphyry... Full story

  • Gold silver exploration at historic mine project near Stewart BC

    ME2018: Ascot Resources Ltd.

    Updated Oct 22, 2018

    Ascot Resources Ltd. brought on a new chairman, president and CEO, and chief operating officer towards the end of 2017. With this new leadership came a new vision for resuming operations on its Premier-Dilworth property at the southern tip of British Columbia's Golden Triangle. This 100-square-kilometer (39 square miles) land package still has infrastructure from the Premier Mine – a past-producer of 2.1 million ounces of gold and 44.9 million oz silver – including mill, ass... Full story

  • HIgh grade silver exploration drilling BC Alaska Idaho based Hecla Mining

    ME2018: Hecla Mining Co.

    Updated Oct 21, 2018

    Thanks to its ongoing exploration success, Hecla Mining Company entered 2018 with the highest silver, gold and lead reserves in its 127-year history, as well as the highest level of zinc reserves in the past five years. Going into 2018, the Idaho-based miner had reserves totaling 2.3 million ounces of gold, up 12 percent from the beginning of 2017; 177 million oz of silver, an increase of 3 percent; 737,290 tons of zinc, an 8 percent increase; and 840,870 tons of zinc, up 15... Full story

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