The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Buyout will bring Johnson Tract into Contango Ore's pipeline of high-quality Alaska gold mine projects. In a deal that brings three high-quality Alaska gold projects into a single portfolio, Contango ORE Inc. has entered into a definitive agreement to acquire HighGold Mining Inc. in an all-shares deal valued at roughly $37 million (C$55 million). "The combination of HighGold and Contango makes a tremendous amount of strategic sense for both sets of shareholders – it is a t...
American Pacific Mining Corp. landed on the North of 60 Mining New scene with the 2022 buyout of Constantine Metal Resources Ltd., giving the company a roughly 45% interest in the Palmer volcanogenic massive sulfide project in Southeast Alaska. This project is being advanced under a joint venture with Dowa Metals & Mining Company Ltd. that was established before American's acquisition of Constantine. A preliminary economic assessment that was updated in 2022 outlines an...
American Pacific Mining Corp. Aug. 8 reported that the 2023 drill program at Palmer has cut up to 43-meter-thick zones of volcanogenic massive sulfide mineralization that include veinlets of native copper at this high-grade zinc-copper-silver-gold project in Southeast Alaska. "Drilling progress is ahead of schedule, and we are pleased to report that semi-massive and massive sulphide mineralization has been observed over drilled thicknesses of approximately 40 metres within...
For those in the know, Alaska's resources aren't just some surprise windfall for renewable energy technologies. While precious metals like gold and silver have been the primary focus of more than a century of mining up north, the 49th State is home to 49 of the 50 materials on the United States' critical minerals list and has a history of stepping up to the plate to provide America with critical minerals when they are needed the most. Looking ahead over the next two to three...
American Pacific Mining Corp. June 19 announced the start of a 9,000-meter resource upgrade and expansion drill program at Palmer, a high-grade volcanogenic massive sulfide project in Southeast Alaska enriched with zinc, copper, silver, and gold. American Pacific gained a roughly 45% interest in this advanced-stage polymetallic mine project through the acquisition of Constantine Metal Resources Ltd. in October of last year. Dowa Metals & Mining Company Ltd. owns the remaining...
American Pacific Mining Corp. April 24 announced that a US$25.5 million (C$34.5 million) budget has been approved for the 2023 work program at Palmer, which will be the largest single-season program ever carried out at this high-grade volcanogenic massive sulfide project in Southeast Alaska. A 2019 preliminary economic assessment that was updated early in 2022 outlines plans for an underground mine and 3,500-metric-ton-per-day mill at Palmer that would produce 1.07 billion...
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...
With the buyout of Constantine Metal Resources Ltd., American Pacific Mining Corp. gained a roughly 45% ownership of the Palmer zinc-copper-silver-gold-barite mine project in Southeast Alaska. Being advanced under a joint venture with Dowa Metals & Mining Alaska Ltd., Palmer hosts two adjacent volcanogenic massive sulfide deposits with a combined 4.68 million metric tons of indicated resource averaging 5.23% (539 million pounds) zinc, 1.49% (154 million lb) copper, 30.8 grams...
American Pacific Mining Corp. Oct. 31 finalized the acquisition of Constantine Metal Resources Ltd., providing the well-funded exploration and development company a roughly 45% interest in Palmer, a volcanogenic massive sulfide zinc-copper-silver-gold-barite mine project being advanced under a joint venture with Dowa Metals & Mining Alaska Ltd. "This is a transformational step for American Pacific as the Palmer Project gives us an established PEA-stage asset with a tremendous...
Under a deal announced on Aug. 15, American Pacific Mining Corp. will gain 44.9% ownership of the Palmer zinc-copper-silver-gold-barite mine project in Southeast Alaska through the acquisition of Constantine Metal Resources Ltd. Being advanced under a joint venture between Constantine and Dowa Metals & Mining Alaska Ltd., Palmer hosts 4.68 million metric tons of indicated resource averaging 5.23% (539 million pounds) zinc, 1.49% (154 million lb) copper, 30.8 grams per metric t...
Hudson Resources Inc. August 22 announced it has signed an agreement with Neo Performance Materials Inc. to sell its Sarfartoq Carbonatite Complex in southwest Greenland. Located roughly 35 miles (60 kilometers) from the international airport in the town of Kangerlussuaq, Sarfartoq would provide Neo with a rare earths project that is close to North Atlantic tidewater between the U.S. and Europe. Exploration carried out by Hudson has outlined 5.88 million metric tons of...
Constantine Metal Resources Ltd. June 6 announced the appointment of Ernie Siemoneit to the position of project manager and senior engineer for the Palmer copper-zinc-silver-gold-barite project in Southeast Alaska. Based in Fairbanks, Alaska, Siemoneit brings more than 30 years of experience in management, mining engineering, and operations to the Palmer project. This includes deep knowledge of underground mine design, engineering support, mine system reporting, and...
Constantine Metal Resources Ltd. April 13 announced that US$17.98 million (C$22.7 million) has been budgeted for the 2022 work at Palmer, a zinc-copper-silver-gold-barite project in Southeast Alaska. "This is the single largest Palmer program and budget, and it will set the stage to initiate underground exploration to provide essential technical information to be included in a future feasibility study," said Constantine Metals Resources President and CEO Garfield MacVeigh. Loc...
HighGold Mining Inc. is rapidly unlocking the potential of Johnson Tract, a high-grade polymetallic gold project that exemplifies the exceptional mineral exploration opportunities Alaska has to offer. A parcel of land privately-owned by Cook Inlet Regional Inc., an Alaska Native regional corporation more commonly known as CIRI, Johnson Tract is a moderately advanced gold project that has flown under the radar for more than two decades. By the 1990s, exploration by Anaconda...
Goldman Sachs' declaration that "copper is the new oil" may serve as a foreshadowing of Alaska's economic future, one that is not so heavily reliant on the revenues from petroleum flowing from the North Slope and leans more heavily on the state's rich endowment of precious, critical, and base metals. The investment bank's suggestion that copper is to become the strategically most important commodity on Earth is due to the vital role the conductive metal plays in global...
While copper may be the new oil of the green energy revolution, a wide variety of industrial minerals and metals found in abundance in Alaska will be needed to build the envisioned low-carbon future. In a 2021 report on the minerals and metals critical to low-carbon energy and transportation, the International Energy Agency estimates that a typical passenger electric vehicle requires six times the mineral inputs of a conventional internal combustion engine car and an onshore...
With the goal of establishing an underground mine at the Palmer volcanogenic massive sulfide project in Southeast Alaska, Constantine Metal Resources Ltd. and its joint venture partner Dowa Metals & Mining Alaska Ltd. focused their 2021 field program on geotechnical and environmental drilling to support the development of an underground exploration ramp and feasibility-level studies for a mine at this zinc-copper-silver-gold-barite project. According to the most recent...
Seeking economic and cultural prosperity for its more than 23,000 Tlingit, Haida and Tsimshian shareholders while also looking to provide even greater benefits for future generations, Sealaska takes a balanced approach to developing the resources growing above and stored beneath its lands in Southeast Alaska. This does not mean the Southeast Alaska Native Claims Settlement Act (ANCSA) corporation shuns mining or other resource development in its region, a nearly 600-mile...
Constantine Metal Resources Ltd. Oct. 14 reported initial assay results from a 2021 summer work program at Palmer that primarily focused on geotechnical and environmental drilling to support a planned underground exploration program and feasibility-level studies for this polymetallic volcanogenic massive sulfide project in Southeast Alaska. According to the most recent calculation, the South Wall and RW zones at Palmer host 4.68 million metric tons of indicated resource averag...
JOHNSON TRACT, Alaska – A nearly half-a-million-ounce gold deposit sitting on a 7.5-mile trend of obvious yet underexplored mineralization just a few miles from the coast in Southcentral Alaska was hiding in plain sight for more than two decades before HighGold Mining Inc. began unlocking the rich potential of this high-grade gold project in 2019. Owned by Cook Inlet Regional Inc., more widely known as CIRI, Johnson Tract is one of the many mineral-rich properties identified a...
Alaska, Northern British Columbia, and the Yukon are home to a dozen advanced stage exploration and mine projects hosting billions of pounds of copper ready to deliver to a world demanding massive amounts of this conductive metal for the green energy and electric mobility transition envisioned over the next three decades. In its report, "Copper is the new oil," Goldman Sachs forecasts that the electrification of transportation and decarbonization of electrical generation...
From a world-class graphite deposit in the Northwest to rare earths on the Southeast Panhandle, Alaska has the potential to offer a sustainable and secure supply to meet the coming explosive demand for the minerals and metals crucial to the renewable energy and electric vehicle sectors in North America and around the globe. International Finance Corporation, part of the World Bank Group, estimates that this shift to low-carbon energy and electric mobility will create nearly...
Constantine Metal Resources Ltd. March 30 announced plans for an US$8.8 million program this year at the Palmer zinc-copper-silver-gold-barite project in Southeast Alaska. Funded by Dowa Metals & Mining Alaska Ltd., Constantine's joint venture partner at Palmer, the 2021 program will include roughly 6,000 meters of exploration, resource upgrade, and geotechnical drilling. According to the most recent calculation, Palmer hosts 4.68 million metric tons of indicated resource...
Strong metal prices and an infusion of cash from notable resource investors helped to salvage much of a 2020 mineral exploration season in Alaska that became lethargic with disruptions, delays, and shelving of field programs infected by the COVID-19 pandemic early in the year. At its onset, 2020 was looking like it would be the best year for Alaska's mining sector in a decade. Australia-based mining companies were slated to invest nearly US$100 million in mineral exploration...
Constantine Metal Resources Ltd.'s 2020 program focused primarily on exploring the hardrock source of Porcupine gold placer mining on its Palmer project in Southeast Alaska. Constantine has traditionally focused its exploration on the discovery and expansion of volcanogenic massive sulfide deposits at Palmer. This work has outlined 4.68 million metric tons of indicated resource averaging 5.23% (539 million pounds) zinc, 1.49% (154 million lb) copper, 30.8 grams per metric ton...
