The mining newspaper for Alaska and Canada's North

Articles from the November 6, 2011 edition

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  • Mining Explorers 2011: Alaska takes strategic initiative

    Dan Sullivan, Special to Mining News|Updated Nov 6, 2011

    A thriving minerals industry is essential for Alaska's economic growth. If Alaska were a country, we would be among the top 10 countries in the world for coal, zinc, copper, lead, zinc, and silver resources. By responsibly developing these resources, we have the potential to support the economies of entire regions of the state and help secure a stable domestic supply of minerals. The Parnell Administration is focusing on ways to advance mining opportunities in Alaska in an environmentally responsible way. A major step in...

  • Mining Explorers 2011: Explorers seek Alaska mammoths

    Shane Lasley, Mining News|Updated Nov 6, 2011

    Whether it is multimillion-ounce gold discoveries, copper deposits that measure in the billions of pounds or massive ore-bodies of 20 percent zinc, Alaska is renowned for its mammoth deposits. The prospect of finding another Donlin, Pebble or Red Dog continues to draw explorers to this vast and underexplored corner of the United States. In the Survey of Mining Companies: 2010/2011, conducted by the Fraser Institute, top executives from 494 mining and mineral exploration...

  • Mining Explorers 2011: Corvus reunites Tower Hill team

    Shane Lasley, Mining News|Updated Nov 6, 2011

    With a 20-million-ounce gold discovery embellishing their résumés, International Tower Hill Mines Ltd. co-founders Jeff Pontius and Russell Myers have taken the helm of Corvus Gold Inc., a junior formed in 2010 to explore Tower Hill's non-Livengood assets. During the initial year after the spin-out, Pontius continued to guide Tower Hill and its Livengood project into the transition from advanced exploration to early development and Myers turned his attention to getting C...

  • Mining Explorers 2011: Aben Resources Ltd.

    Updated Nov 6, 2011

    ABN: TSX Venture Exchange Chairman: Ronald Netolitzky, M.Sc. Geology President: James G. Pettit Qualified person: Carl Schultz, B.Sc., P Geo. Project manager: Aaron Higgs Aben Resources Ltd. is a Canadian gold and silver exploration company actively involved with the development of properties in Yukon Territory, Northwest Territories, Saskatchewan and Ontario. The company has an extensive proprietary database for the Yukon as well as the rights to 172,732 hectares (426,821 acres) of prospecting permits in the NWT. In May,...

  • Mining Explorers 2011: Heatherdale eyes high-grade VMS

    Shane Lasley, Mining News|Updated Nov 6, 2011

    Heatherdale Resources Ltd. has spent more than US$25 million since 2009 on expanding the copper-gold-silver-zinc deposits at the Niblack project on Prince of Wales Island. This aggressive exploration program, which includes more than 40,000 meters of drilling, has provided the Hunter Dickinson Inc.-affiliated junior with the confidence to advance the Southeast Alaska project toward feasibility. "Drilling over the past two years has affirmed the potential of the Niblack...

  • Mining Explorers 2011: Advanced Explorations Inc.

    Updated Nov 6, 2011

    AXI: TSX-Venture President and CEO: John Gingerich, P. Geo VP Engineering and Technology: Florin Gheorghiu, Ph.D. Vice President, Exploration: Steve Roebuck Advanced Explorations Inc. is aggressively exploring its Roche Bay and Tuktu iron ore projects in Nunavut, along with promising West Melville Peninsula nickel and copper showings and an iron sands project on the northwest coast of the Alaska Peninsula about 700 kilometers (434 miles) southwest of Anchorage, Alaska. Advanced Explorations plans to produce iron products...

  • Mining Explorers 2011: B.C.'s potential attracts explorers

    Hon. Rich Coleman, Special to Mining News|Updated Nov 6, 2011

    Since the mid-1800s, British Columbia has been one of the world's major mining and exploration regions, and today, we are enjoying the results as mineral exploration is increasing. Mineral exploration spending more than doubled in 2010 to C$322 million from the year before, and B.C. was home to 13 percent of Canada's total exploration spending, up from 6 percent in 2001. Information and maps provided by geoscience agencies are the first step in the exploration sequence. This information reduces risk for companies and encourag... Full story

  • Mining Explorers 2011: New Tower Hill CEO dreams big

    Shane Lasley, Mining News|Updated Nov 6, 2011

    With some 20 million ounces of gold enveloped in a deposit that outcrops alongside a paved road in Interior Alaska, International Tower Hill Mines Ltd.'s Livengood project is ideally situated to become a top-tier gold operation - or, as the company's new CEO James Komadina put it, "A mine-builder's dream." "Rarely in my career have I encountered a project that has so much going for it: the resource is one of the largest and ideally situated gold deposits in the world; it is...

  • Mining Explorers 2011: Agnico-Eagle Mines Ltd.

    Updated Nov 6, 2011

    AEM: TSX Vice-chairman and CEO: Sean Boyd, C.A. President and COO: Eberhard Scherkus, P. Eng. Senior Vice President, Exploration: Alain Blackburn, P. Eng. Eighteen months after achieving commercial production at its Meadowbank Mine in Nunavut, international gold producer Agnico-Eagle Mines Ltd. is ironing out kinks in the operation. Meadowbank, one of the international gold producer's largest mines, has almost 3.5 million ounces of gold in reserves (34 million metric ton at 3.2 grams per metric ton), with tremendous potential...

  • Mining Explorers 2011: Alaska explorer goes year-round

    Shane Lasley, Mining News|Updated Nov 6, 2011

    Kiska Metals Corp. is not only enduring Alaska's sometimes inclement winter weather but also embracing the ground-freezing conditions as a means to lower the costs of exploring the multitude of porphyry targets across its expansive Whistler copper-gold property about 160 kilometers (100 miles) northwest of Anchorage. "Although it is Alaska, winter is one of the most efficient times of the year for us to be working up there," Kiska Metals President and CEO Jason Weber... Full story

  • Mining Explorers 2011: Welcome to the 2011 Mining Explorers

    Shane Lasley, Publisher North of 60 Mining News|Updated Nov 6, 2011

    With exploration spending topping $1 billion in 2011 - it has been an exciting year to follow the major and junior mining companies investing the capital and time needed to unlock the enormous mineral potential of Alaska, northern British Columbia, Northwest Territories, Nunavut and the Yukon Territory! In our ongoing endeavor to provide you with the most in-depth and comprehensive coverage of the companies unlocking the vast mineral potential of Alaska and Canada's North -...

  • Mining Explorers 2011: Alexco Resource Corp.

    Updated Nov 6, 2011

    AXR: TSX/AXU/NYSE-A President and CEO: Clynton R. Nauman Executive Vice President & COO: Brad A. Thrall Vice President, Exploration: Alan McOnie, FAusIMM Alexco Resource Corp. is a precious metals exploration company with a silver focus and growing environmental consulting and reclamation and mine closure services. Alexco's primary exploration objective currently is to unlock value in the historic silver-rich Keno Hill district, which covers about 23,350 hectares, or 56,274 acres, in central Yukon Territory. Alexco achieved... Full story

  • Mining Explorers 2011: NWT: A treasure house of opportunity

    Hon. Bob Mcleod, Special to Mining News|Updated Nov 6, 2011

    The vast landscape of the Northwest Territories is blessed with an abundance of resources. It is a land filled with opportunity, and much of the mineral wealth remains untapped. Mineral explorers and producers are making best efforts to unlock this potential and seizing the opportunities that await them. The Government of the Northwest Territories strongly supports responsible and sustainable mineral development that yields substantial economic benefits to NWT residents, communities and businesses. Four mines are operational... Full story

  • Mining Explorers 2011: Atac Resources Ltd.

    Updated Nov 6, 2011

    ATC:TSX-V President: Robert C. Carne, M.Sc., P.Geo. Chief Executive Officer: Graham N. Downs Ian J. Talbot: Chief Operating Officer Atac Resources Ltd., a member of the Strategic Exploration Group, is an exploration-stage company concentrating as much effort as possible on the Rackla Gold Project including Rau and Nadaleen geological trends situated at the northern edge of the Tintina Gold Belt in the Mayo Mining District of east-central Yukon Territory. The project encompasses more than 8,000 mineral claims and covers 1,600...

  • Mining Explorers 2011: Millrock projects draw attention

    Shane Lasley, Mining News|Updated Nov 6, 2011

    Millrock Resources Inc. is artfully implementing the science of making grassroots gold and copper discoveries, proving the promise of these new finds and vending the prospects to other companies to do the heavy lifting of defining a deposit. This business model is paying off for the project generator. Some US$11 million is being spent on exploring its Alaska copper and gold prospects in 2011, with nearly US$10 million funded by its project partners. Senior miners Teck...

  • Mining Explorers 2011: Explorer makes Arctic expedition

    Shane Lasley, Mining News|Updated Nov 6, 2011

    While NovaGold Resources Inc.'s ultimate goal is to become a 1-million-ounce-per-year gold producer, the Vancouver B.C.-based junior is taking a fresh look at the enormous reserves of copper waiting to be mined at its Galore Creek project in British Columbia and its Ambler project in Northwest Alaska. "Management believes the recently completed economic analyses of Galore Creek and Ambler clearly demonstrate that NovaGold's copper assets are considerably undervalued having reg...

  • Mining Explorers 2011: Avalon Rare Metals Inc.

    Updated Nov 6, 2011

    AVL: TSX President and CEO: Donald S. Bubar, M. Sc., P. Geo. Vice-President, Finance and CFO: R.J. (Jim) Andersen, CA, CPA, CFP Vice-President, Exploration: William Mercer, Ph.D., P. Geo. Formed in 1991, Avalon Rare Metals is a mineral exploration and development company primarily focused on the rare metals and minerals that are in increasing demand for environmentally-beneficial high technology applications. These include lithium, tantalum, cesium, indium, gallium, rare earth elements, such as neodymium, dysprosium and... Full story

  • Mining Explorers 2011: Teck looks North for new mines

    Shane Lasley, Mining News|Updated Nov 6, 2011

    From deploying its own geologists to make grassroots discoveries to partnering with junior explorers with strong geological know-how and enticing projects, Teck Resources Ltd. is seeking new high-quality deposits of zinc, copper and gold across Alaska and Canada's North. "In terms of our overall exploration strategy, it has three parts to it: One is doing our own grassroots, regional exploration; the second arena we get involved with is joint ventures with junior companies; an... Full story

  • Mining Explorers 2011: BHP Billiton Group

    Updated Nov 6, 2011

    Bhp: ASX/NYSE Ceo: Marius Kloppers, PhD Cfo: Alex Vanselow President, Diamonds and Specialty Products: Tim Cutt BHP Billiton Group is a diversified global natural resources company that operates nine industry groups: petroleum, aluminum, base metals (including uranium), diamonds and specialty products, stainless steel materials, iron ore, manganese, metallurgical coal and energy coal. The major said greenfield exploration in 2011 has continued on copper targets in South America, Mongolia and Zambia; nickel and copper targets...

  • Mining Explorers 2011: Capstone Mining Corp.

    Updated Nov 6, 2011

    CS: TSX President and CEO: Darren Pylot Senior Vice President and COO: Gregg B. Bush, B.Sc. (Metallurgical Eng.) Vice President, Exploration: Brad Mercer, P. Geo. Capstone Mining Corp. is primarily focused on operating, expanding and exploring its assets, including mines or mine projects in Yukon Territory, British Columbia, Mexico and Chile. The Minto copper-gold-silver mine in central Yukon Territory and the high-grade Kutcho copper-zinc-gold-silver deposit in northwestern British Columbia are Capstone's only properties...

  • Mining Explorers 2011: Yukon: Northern Star keeps shining in 2011

    Special To Mining News|Updated Nov 6, 2011

    Yukon Territory continues to be in the limelight with the previous years' gold exploration successes leading to definition of gold deposits in 2011. Gold is the leading commodity in terms of exploration, but silver, base metals and tungsten are the leading commodities in terms of mine development. A number of regions are continuing to attract high-profile attention with two of Yukon's operating mines expanding their reserves and new discoveries continuing throughout the territory. The year has been very exciting so far. A...

  • Mining Explorers 2011: Explorers swarm Canada's Far North

    Rose Ragsdale, For Mining News|Updated Nov 6, 2011

    Throughout the 2011 field season, explorers pushed the envelope in Yukon Territory, scrambling to target and assess rapidly increasing numbers of deposits of gold, silver and base metals mineralization being identified as the exploration rush that overtook the region in 2009 stretched into its third consecutive year. With gold prices climbing to new highs and a stable investment climate, the lure of the Yukon attracted miners and investors in numbers not seen in a century. "Both Yukon and Nunavut are entering a period of sust...

  • Mining Explorers 2011: Chieftain Metals Inc.

    Updated Nov 6, 2011

    Cfb: TSX President and CEO: Victor Wyprysky Chief Operating Officer: Keith Boyle, P.Eng, MBA Executive Vice President: Terrance Chandler, P. Geo Chieftain Metals Inc., a minerals exploration company that went public in December , has its sights set on re-opening the Tulsequah Chief Mine, a precious metals-rich volcanic massive sulfide deposit on British Columbia's western border about 65 kilometers (40 miles) northeast of Juneau. In his former role as CEO of Redfern Resources Ltd., Chieftain Metals Executive Vice President...

  • Mining Explorers 2011: Explorers seek mega-deposits

    Rose Ragsdale, For Mining News|Updated Nov 6, 2011

    Frontrunners in the Yukon mineral exploration rush in 2011 spent more than C$12 million each, with at least one company pouring C$25 million into its program. These companies include Atac Resources Ltd., Kaminak Gold Corp., Capstone Mining Corp., Alexco Resource Corp., Golden Predator Corp., Ryan Gold Corp. and Silver Range Resources Ltd. At least another 14 companies shelled out more than C$5 million each to search for precious and base metals, using virtually every modern exploration technique from sampling to drilling.... Full story

  • Mining Explorers 2011: Colorado Resources Ltd.

    Updated Nov 6, 2011

    Cxo: TSX-V President and CEO: Adam Travis, B.Sc. Geology Executive Chairman: Larry Nagy, B.A. Geology Exploration Manager - B.C. & Yukon: Linda Dandy, P.Geo. Colorado Resources Ltd. focused on exploring mineral properties in northern British Columbia, Yukon Territory, El Salvador and Nicaragua. The company commenced surface exploration of the Oro Property located in the Macmillan Pass area, about 165 kilometers (103 miles) northeast of Ross River, Yukon, including detailed airborne geophysical work conducted in early July.... Full story

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