The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Geologist and former executive vice president of growth at Barrick takes the helm of America's largest silver mining company. Marking a new era for the oldest and largest primary silver-producing company in the United States, Hecla Mining Company has appointed Rob Krcmarov to be its new president and CEO beginning on Nov. 7. "Rob is a highly respected figure in the mining industry with a proven track record across various international markets," said Hecla Mining Chair... Full story
"In It For the Long Haul Backhaul Project" transports old appliances, electronics, batteries, and hazardous waste from Y-K Delta villages. In Alaska's urban centers, an old refrigerator, computer, or television is simply dropped off at a recycling center – and in many cases, the seller of your new appliance will cart away the old one for you. For remote Alaska villages that are hundreds of miles from the nearest recycling center, however, it is neither convenient nor e... Full story
Manh Choh underscores the potential of Contango's Hybrid Royalty Model to unlock the value of orphaned high-grade mineral deposits. The pouring of the first bar of gold from the Manh Choh Mine was a momentous occasion for Contango ORE Inc., Kinross Gold Corp., Tetlin Village, and others involved in the development of Alaska's newest gold mine. Two unique business models that led to the early July gold pour, however, could be more valuable than the 600 ounces of gold in the...
Financing package backed by Orion Resource Partners is more than enough to develop world-class gold-silver mine in Northern BC. With the goal of advancing Eskay Creek into production by the first half of 2027, Skeena Resources Ltd. has secured a $750 million (C$1 billion) financing package to develop a mine at the gold-silver project in British Columbia's Golden Triangle. "On the back of our positive definitive feasibility study released in November 2023, this financing...
Chair Catherine Boggs will fill vacancy as company seeks new executive for largest silver producer in the U.S. After nearly 23 years serving as president and CEO of Hecla Mining Company, Phillips Baker Jr. suddenly stepped down as the top executive of the silver-focused mining company with operations in Alaska, Idaho, Quebec, and Yukon. "I would like to thank Phil for his years of service and valued contributions to Hecla and the silver industry overall," said Hecla Chair... Full story
Zinc contributed most to state's mine production value during 2023; gold is poised to take the crown and make run toward 1 million ounces per year. At a value of $1.5 billion, zinc held onto its throne as the most valuable metal produced in Alaska during 2023. With production forecasts and price trends headed in opposite directions for zinc and gold, however, the gleaming precious metal that drew fortune-seekers North at the turn of the 20th century could soon regain the... Full story
Lying just deep enough into the mining frontier that value of its world-class deposits copper, gold, silver, nickel, and other metals has not been fully realized, yet home to the industrial-grade hydropower, road access, and Pacific Rim ports needed to unlock its vast mineral potential, Northern BC is well-positioned to be a major source of precious, base, and critical metals in the 21st century. This particularly mineral-rich section of the Canadian Cordillera also happens... Full story
With Donlin Gold reentering the feasibility study stage, Ambler Metals waiting on the reevaluation of the permit needed for a road to the Ambler Mining District, and an overall lack of investment capital, mineral exploration spending in Alaska dropped during 2023. While the overall sector was down, there continued to be some bright spots – most notably, a growing interest in Alaska's critical minerals potential. In July, the U.S. Department of Defense awarded Graphite One I... Full story
Rebounding from setbacks during 2022, Grande Portage Resources Ltd. enlisted the help from a heavyweight to aid in its drilling and recoup lost time that would position the company back on track toward expanding the high-grade resources at its Herbert Gold project in Southeast Alaska. Located 25 kilometers (16 miles) north of Juneau, the Herbert Gold project is an exploration stage, high-grade, gold-mineralized mesothermal quartz vein system in the historic Juneau Gold Belt....
With the high-grade Snip gold project fully pulled back into its portfolio, Skeena Resources Ltd. is now considering a mine at Eskay Creek that would process ore from both of the company's historic high-grade gold projects in British Columbia's Golden Triangle. Skeena acquired both Snip and Eskay Creek from Barrick Gold Corp. under an option agreement entered into in 2016 and 2017, respectively. Over the ensuing six years, Skeena has focused most of its resources on...
Feasibility study details on open-pit mine slated to produce 2.8M oz of gold over first 12 years of mine. A definitive feasibility study for Eskay Creek details the economic and engineering parameters for a longer-life mine at this exciting gold-silver project in British Columbia's Golden Triangle that will generate strong financial returns for Skeena Resources Ltd., even at the higher costs of building the mine in today's inflationary environment. Under the base case...
Grande Portage Resources Ltd. Oct. 31 announced the results from the next three holes of its 6,500-meter drill program at the Herbert Gold project in Southeast Alaska. Located 16 miles (25 kilometers) north of Juneau, the Herbert Gold project is an exploration stage, high-grade, gold-mineralized mesothermal quartz vein system in the historic Juneau Gold Belt. According to a 2021 calculation, Herbert Gold hosts 3.64 million metric tons of indicated resource averaging 10.23...
Skeena Resources Ltd. Sept. 5 announced a 237% increase in the amount of gold in the indicated resource category at its Snip project in British Columbia's Golden Triangle. Located about 35 kilometers (22 miles) west of Eskay Creek, which has been the primary focus for Skeena, Snip is the home to a high-grade underground gold mine operated by Barrick Gold Corp. that produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per metric gold dur...
Skeena Resources Ltd. June 20 announced an upgraded and expanded resource estimate for Eskay Creek that will likely convert into new reserves of gold and silver with an updated feasibility study for this Northern British Columbia mine project slated for completion before the end of this year. According to the new calculation, Eskay Creek hosts 50.1 million metric tons of open-pit-mineable measured and indicated resources averaging 2.57 grams per metric ton (4.14 million...
Grande Portage Resources Ltd. June 6 announced the start of its 2023 drilling program, which aims for 20,000 meters in 15 to 20 holes at the company's Herbert Gold project in Southeast Alaska. Located 25 kilometers (16 miles) north of Juneau, the Herbert Gold project is an exploration stage, high-grade, gold-mineralized mesothermal quartz vein system in the historic Juneau Gold Belt. According to a 2021 calculation, Herbert Gold hosts 3.64 million metric tons of indicated...
From competing offers for an exploration company with large and intriguing mineral projects in the Yukon, to the world's largest gold miner making a US$17 billion bid to buyout an Australian mining company with two producing assets in British Columbia's Golden Triangle, February was a big month for mergers and acquisitions in the North of 60 Mining News coverage area. Three M&A proposals were put forward in February that would create a shift in the North of 60 mining sector...
Banyan Gold Corp. March 6 announced the start of its 2023 exploration program at the company's AurMac property in Yukon, Canada, as well as the addition of Brad Thrall as technical advisor for early prep-work needed to build a working mine. In addition to its initially planned 25,000 meters of drilling being completed with three diamond rigs now turning, which is being supported by an on-site assay prep lab, Banyan's 2023 program at AurMac will include expanded metallurgical,...
Barrick, Novagold now considering updated feasibility study for world-class gold project. To round out a large and highly-successful 2022 program at Donlin Gold, project partners Novagold Resources Inc. and Barrick Gold Corp. reported additional high-grade gold intercepts in the final batch of assays from last year's drilling at the world-class gold mine project in the Yukon-Kuskokwim region of Southwest Alaska. Being advanced toward a production decision by Donlin Gold LLC...
Gold dominates Alaska mineral exploration, but a critical shift arises. Since the discovery of gold in what is now the Alaska capital city of Juneau, prospectors, geologists, and fortune seekers have spent more than 140 consecutive summer seasons exploring The Last Frontier's golden potential. With these endeavors turning up rich aurum lodes in every corner of the state, except for the oil-rich North Slope, the nearly century-and-a-half tradition of seeking and discovering wor... Full story
With drills tapping up to 42.3 meters of 30.68 grams per metric ton gold, the 2022 exploration season at the world-class Donlin Gold mine project in Southwest Alaska has been exciting and rewarding, but expected, for partners Novagold Resources Inc. and Barrick Gold Corp. Being advanced toward a production decision by Donlin Gold LLC – a joint venture owned equally by Novagold and Barrick – this enormous project hosts 541.3 million metric tons of measured and indicated resourc... Full story
With a propensity to attract major mining companies to the mineral exploration projects it generates, Kenorland Minerals Ltd. cut a deal in 2022 to option its Tanacross project in eastern Alaska to Chilean copper miner Antofagasta PLC. Lying alongside the Alaska-Yukon border, the 113,400-acre Tanacross property hosts world-class porphyry copper-gold deposit potential. Since the discovery of the East Taurus deposit in 1971, 17,076 meters of drilling in 67 holes have been...
With the September completion of a feasibility study that details a very economically robust gold-silver mine at Eskay Creek, Skeena Resources Ltd. has focused its drilling on near-surface mineralization that could extend the life of this future mine in British Columbia's Golden Triangle. Over the nine years of operations considered in the feasibility study, the open pit mine proposed for Eskay Creek would produce 2.42 million ounces of gold and 66.7 million oz of silver from...
Start with the biggest deposit of gold ever reported, add in a dash of remote, inaccessible jungles of Indonesia, and let simmer for almost a decade, and you have a recipe for the largest mining-related scandal in modern history, resulting in the system of standardization regarding mineral reporting for the last twenty years and ideally for many more years to come. It is easy to forget that the systems by which mining companies in Canada report and display information... Full story
PhotonAssay tech offers a modern, faster alternative to fire assaying for gold analysis. Assays are the very crux of mineral exploration – timely results returned from the lab help guide the search for orebodies and let investors know that the dollars being poured into drilling and sampling is money well spent. With assay lab turnaround times in a post-COVID world being measured in months instead of weeks, mineral exploration geologists are without an important tool for v...
Novagold Resources Inc. and Barrick Gold Corp. Nov. 1 reported intercepts of up to 42.3 meters averaging 30.68 grams (0.99 ounces) per metric ton gold from the 2022 drilling at the Donlin Gold project in the Yukon-Kuskokwim region of Southwest Alaska. Being advanced toward a production decision by Donlin Gold LLC – a joint venture owned equally by Novagold and Barrick – this enormous mine project hosts 504.81 million metric tons of proven and probable reserves averaging 2.0...
