The mining newspaper for Alaska and Canada's North

Articles from the December 22, 2023 edition

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  • Drillers complete hole EZ-23-005 during a sunny August day at Nikolai.

    Consistent nickel in eight Eureka holes

    Shane Lasley, Mining News|Updated Jan 4, 2024

    Alaska Energy Metals Corp. Dec. 19 reported assays from the final two holes from a 2023 drill program that has confirmed the outstanding consistency of nickel-copper-cobalt-platinum group metals mineralization along a 1,200-meter stretch of the 10-mile- (16 kilometers) long Eureka Zone on the company's Nikolai project in Alaska. According to a calculation based entirely on historical drilling, two small pits located about 1,800 meters apart host 319.6 million metric tons of...

  • A drill tests for copper and gold on a mountain slope in Northern BC.

    Seabridge expands Bronson Slope deposit

    Shane Lasley, Mining News|Updated Jan 4, 2024

    Seabridge Gold Inc. Dec. 20 reported that its 2023 Iskut drill program has expanded the known Bronson Slope copper-gold deposit on its Iskut project in Northern British Columbia and confirmed an extensive area of magmatic-hydrothermal alteration sourced from an apparently very large porphyry mineral system at depth. Located about 30 kilometers (19 miles) west of Seabridge's world-class KSM mine project, Iskut is home to the 1980s-era Johnny Mountain gold-silver-copper mine....

  • Pilots flying over a drill rig on a snowy field in Southwest Alaska.

    Northern Dynasty raises capital for Pebble

    A.J. Roan, Mining News|Updated Jan 4, 2024

    Northern Dynasty Minerals Ltd. Dec. 21 announced a nice holiday surprise as it closed US$15 million in convertible notes and roughly C$3.4 million in non-brokered private placement offerings. Despite the uncertainty surrounding the status of Pebble, Kopernik Global Investors LLC out of Florida has purchased convertible notes (basically a loan that gives the option to be paid out as shares) toward the sum of US$15 million, whereas Northern Dynasty also issued and sold 8.56...

  • Map showing gold, silver, copper, and molybdenum properties near Kitsault, BC.

    Dolly Varden cuts Big Bulk copper deal

    Shane Lasley, Mining News|Updated Dec 31, 2023

    Dolly Varden Silver Corp. Dec. 20 announced that it has entered into a deal to consolidate ownership of Big Bulk, a porphyry copper-gold project about 10 kilometers (six miles) east of the company's Kitsault Valley gold-silver project at the southern tip of British Columbia's Golden Triangle. Big Bulk, which covers what is interpreted to be the northernmost of a string of several porphyry mineralized systems that extend 30 kilometers (19 miles) south to New Moly LLC's...

  • A female geotechnician tags a box of drill core at the Ranch project.

    Thesis drills gold at another Ranch zone

    Shane Lasley, Mining News|Updated Dec 31, 2023

    Thesis Gold Inc. Dec. 20 reported that its 2023 drill program has cut strong gold mineralization at JK Zone, a sparsely drilled target between the Thesis Structural Corridor and Bonanza-Ridge Zone on the company's Ranch project in the Toodoggone mining district of Northern British Columbia. "The overall area of known mineralization at Ranch continues to expand, demonstrating the significant upside that remains beyond the known zones of mineralization," said Thesis Gold...

  • Drill rig working within a snowy valley in Yukon, Canada.

    Chips have been stacking up for Sitka Gold

    A.J. Roan, Mining News|Updated Dec 31, 2023

    Sitka Gold Corp. Dec. 19 announced that it has acquired full ownership of Clear Creek, a property that hosts the company's Blackjack and Eiger gold deposits, followed by a year-end summary of its 2023 exploration program for its overall RC Gold project in Yukon, Canada. "Completing our requirements to obtain 100% ownership of the Clear Creek property, which hosts the Blackjack and Eiger deposits, is an important milestone in Sitka's advancement of the RC Gold project," said...

  • Technicians preparing drill at Li-FT’s Yellowknife Lithium project.

    Yellowknife Echoes clear results for Li-FT

    A.J. Roan, Mining News|Updated Dec 31, 2023

    Li-FT Power Ltd. Dec. 19 announced impressive intercepts from drilling the BIG East and Echo pegmatites on the company's Yellowknife Lithium project east of Northwest Territories' capital. Last week saw the first results from the Echo target about 50 kilometers (30 miles) to the west, and this week is no different. With the bulk of the highlights revealing that while its primary focus on the Road Accessible Group of targets has continued to return consistent grades, its...

  • Burst of green northern lights over a crusher at the Nechalacho rare earth mine.

    Chinese firm buys Canada's rare earths

    Shane Lasley, Data Mine North|Updated Dec 31, 2023

    Shenghe acquires ore stockpile that symbolized a shift away from China for REEs critical to North America's green energy and high-tech sectors. High-grade ore dug up from a small open pit at Vital Metal Ltd.'s Nechalacho project in the summer of 2021 marked the start of Canada's first rare earth elements mine and the first link in an REE supply chain that was envisioned to be completely independent of China. "The combination of our efforts clearly work together towards the...