The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 25 of 36
Aleut Corp. is committed to promoting economic opportunities for its more than 4,000 shareholders while preserving the traditional culture and values developed from living in a ruggedly beautiful stretch of Alaska. From the community of Sand Point on the Alaska Peninsula to Attu near the western end of 167 named Aleutian Islands extending more than 1,000 miles off Southwest Alaska, the Aleut Corp. region forms a boundary between the Pacific Ocean and Bering Sea. This...
CopperBank Resources Corp. Feb. 14 announced the termination of its option on the Pyramid and San Diego Bay copper projects on the Alaska Peninsula. Pyramid, a large porphyry copper-gold-molybdenum deposit about 25 miles north of the community of Sand Point, is on private lands owned by Alaska Native Claims Settlement Act (ANCSA) regional and village corporations. Aleut Corp., the ANCSA regional corporation for the majority of the Alaska Peninsula and Aleutian Islands, owns...
Aleut Corporation is committed to promoting economic opportunities for its more than 4,000 shareholders, while preserving the traditional culture and values developed from living in a ruggedly beautiful stretch of Alaska. The Alaska Peninsula and 167 named Aleutian Islands extending more than 1,000 miles off Southwest Alaska that make up the Aleut Corp. region form a border between the Pacific Ocean and Bering Sea. This geologically young island arc is part of the Pacific...
In 2017 Alaska’s mineral exploration industry saw its first up-tick in exploration spending since 2011, an increase that S&P Global Market Intelligence’s “World Exploration Trends” indicates was mirrored on the world-wide level. According to S&P’s data, the worldwide exploration industry spent $8.4 billion in 2017, the first such increase in spending since 2012. S&P also forecast a 15-20 percent increase in exploration spending for 2018 as well. The study also showed that dema...
Seven days of near-continuous rain did nothing to dampen the mood at the recently concluded Cordilleran Roundup Convention in Vancouver. The event was buoyed by a realistic optimism we have not seen in over five years. This change from half-empty to half-full glasses is due to a number of things including strong commodities prices, increasing global demand for metals and current or looming supply shortfalls in many of the metals produced by this industry. The event was...
With 13 holes drilled in 2017, CopperBank Resources Corp. has added more than 160 million pounds of copper to its Pyramid project on the Alaska Peninsula. "For a small investment in 2017, our team was able to significantly increase the scale, confidence and quality of the project," CopperBank Executive Chairman Gianni Kovacevic said upon the Feb. 2 release of an updated resource for Pyramid. Kovacevic has been a strong advocate for copper as a "green metal" that will see...
As we transition from 2017 into 2018, the weight of evidence pointing to a long-awaited mining industry up-tick is being trumpeted from every financial institution, brokerage house and mining pundit across the globe. For example, RBC Capital Markets' newly released "2018 New Year Preview" has this to say: "We are in the mid-stages of a stock market recovery and the early stages of an economic cycle recovery. Gold is already in a phase where it out-performs other financial...
CopperBank Resources Corp. Jan. 22 said a 3D radar model carried out by Auracle Geospatial Science Inc. has turned up some interesting new targets for the 2018 drill programs at the company's Pyramid and San Diego Bay copper-gold projects on the Alaska Peninsula. Auracle has developed a system that transforms geospatial data captured from satellites, drones, and aircraft into high-resolution visual information about the earth. By combining radar and optical satellite data,...
CopperBank Resources Corp. June 5 announced plans to complete at least 1,500 meters of drilling at its Pyramid copper-gold-molybdenum project in Southwest Alaska. The Pyramid project covers 94,830 acres of Aleut Native Corporation lands on the Alaska Peninsula. This property hosts 122 million metric tons of inferred resource averaging 0.41 percent copper, 0.1 grams per metric ton gold and 0.021 percent molybdenum. While completed by a reputable engineering firm in 2013, CopperBank is not treating this historical estimate as...
CopperBank Resources Corp. June 28 announced plans for expanding the summer drill program at its Pyramid copper-gold-molybdenum project on the Alaska Peninsula. This augmented program includes the addition of a second drill rig, which will allow the company to increase the drilling beyond the 1,500 meters originally planned. Pyramid hosts 122 million metric tons of inferred resource averaging 0.41 percent copper, 0.1 grams per metric ton gold and 0.021 percent molybdenum. While completed by a reputable engineering firm in...
CopperBank Resources Corp. Oct. 4 said results from the first two holes of its 2017 drill program at Pyramid demonstrate the expansion potential of the copper deposit on the Alaskan Peninsula. 17PY032, the second hole of the 2017 program cut three mineralized intercepts: 40 meters of 0.33 percent copper, 0.1 percent molybdenum and 0.07 g/t gold from 11 meters; 51.3 meters of 0.34 percent copper, 0.02 percent molybdenum and 0.1 g/t gold from 67 meters; and 201 meters of 0.48...
CopperBank Resources Corp. Nov. 28 said this year's rock and soil sampling program at San Diego Bay is a good first step in understanding the porphyry copper-gold potential of this project on the Alaska Peninsula. Geologists collected 37 grab rock samples and 173 soil samples during the summer program at San Diego Bay. The soil samples were collected over three areas: San Diego Bay in the southeast; Renshaw Point on the eastern side of the property, and an area near Balboa Bay on the western side of the property. The best...
CopperBank Resources Corp. sees the need for copper rising sharply as the world shifts to renewable energy sources and believes its Pyramid porphyry copper-gold-molybdenum project on the Alaska Peninsula ideally suited to help fill that demand. CopperBank was founded by self-proclaimed "realistic environmentalist" Gianni Kovacevic, who drove a Tesla Model S sedan across North America last year to raise awareness about the symbiotic relationship between the mining and green...
CopperBank Resources Corp. Oct. 30 reported drill results that continue to confirm and expand copper mineralization in the Main and North zones of its Pyramid project on the Alaska Peninsula. DDH 17PY035 cut 251 meters averaging 0.41 percent copper over two intervals in the Main zone - a near surface intercept of 137 meters of 0.45 percent copper, 0.02 percent molybdenum and 0.15 grams per metric tons gold from a depth of 42 meters and 114 meters of 0.37 percent copper, 0.01 percent molybdenum and 0.08 g/t gold from 205...
CopperBank Resources Corp. Nov. 17 said Auracle Geospatial Science Inc. will complete a remote sensing radar and hyperspectral survey for the Pyramid and San Diego Bay copper projects on the Alaskan Peninsula. Auracle has developed a suite of mapping technologies that offers structural analysis and mineral classification to identify and map mineral occurrences and alteration zones associated with metal deposits. CopperBank said the results from the satellite radar survey will...
CopperBank Resources Corp. sees the current transition to renewable energy sources driving the demand for copper higher in the coming years and is focused on identifying world-class deposits of this "green metal" to fill the growing demand. The company was founded by self-proclaimed "realistic environmentalist" Gianni Kovacevic, who drove a Tesla Model S sedan across North America to raise awareness about the symbiotic relationship between the mining and green energy sectors....
Alaska's minerals exploration sector is on an upswing, thanks to Australian mining explorers looking north and mining majors upping their activities in the state. South32 Ltd., a Perth, Australia-based miner spun out of BHP Billiton Plc, is the largest mining company from Down Under to express an interest in Alaska's mineral potential this year. South32, which has eight operating mines in the Southern Hemisphere, secured an option to acquire a 50 percent interest in Trilogy...
CopperBank Resources Corp. Nov. 14 reported results for the final seven holes of a 13-hole diamond drill program carried out this year at its Pyramid Copper project on the Alaskan Peninsula. Hole DDH 17PY037, which is entirely outside the historical resource, cut 331.6 meters of 0.31 percent copper 0.12 grams per metric ton gold and 0.02 percent molybdenum. This intercept started from a depth of 7.3 meters and ran to the bottom of the hole. This hole was drilled to verify the orientation of the mineralization between the...
The summer solstice has come and gone, but the Alaska mining industry has paid little attention to the decreased amount of daylight because it is high summer in the high latitudes, time to be out completing work programs that have been in the planning since last fall. Exploration drilling programs have sprouted in the Brooks Range, Interior, Alaska Range, Southeast, Southwest and the Alaska Peninsula. In addition, the sounds of tire-kicking are being heard over a wide area of...
At a recent mining industry panel discussion at the Western States Land Commissioners Association meeting in Anchorage, I was asked if the recent upturn in activity in the Alaska mining industry was a function of commodities prices or a growing worldwide recognition of Alaska's enormous mineral potential. I answered that I thought neither factor was driving the Alaska mineral industry revival: commodities prices have been steady or rising slowly over the last year and...
CopperBank Resources Corp. Aug. 14 announced plans to expand its 2017 drill program at the Pyramid copper-gold-molybdenum project on the Alaska Peninsula. The company had already expanded the originally planned 1,500-meter initial phase of drilling by adding a second rig. Following a site visit by CopperBank's technical team and consultants from SRK Consulting (Canada) Inc., the company has decided to add a second phase of drilling to the program. "There were a number of...
CopperBank Resources Corp. Oct. 23 reported results from two additional holes drilled this summer at the Pyramid copper project on the Alaska Peninsula. Hole DDH 17PY033, drilled in the Main zone of the Pyramid deposit, cut 300 meters of 0.53 percent copper, 0.12 g/t gold and 0.02 percent molybdenum. This hole was drilled 150 meters west of DDH 11PY016, a 2011 hole that cut 155 meters of 0.71 percent copper, 0.18 g/t gold and 0.018 percent molybdenum. CopperBank said the...
For the first time in five long years, the mood at the recently held Alaska Miners Association Convention in Anchorage was buoyant, the result of a slow but steady turnaround on mineral investments in the state. Additional new corporate interest in the state emerged during the past 30 days, and sources of exploration funds coming to Alaska continue to shift, with estimates for 2017 suggesting that 62 percent of this financing comes from Canadian concerns, 18 percent from...
In early November, the Alaska Miners Association will hold its annual convention in Anchorage. Unlike the past four or five years, the excitement surrounding the convention this year is palpable due to the steady increase in exploration, development and production activities in Alaska in 2017. Clear signs of the industry's long-awaited revival include the fact that 11 new project acquisitions have taken place in 2017, half of which involve companies that are newcomers to the...
The Alaska mining industry continued its increased pace of activities in August, even as the first hint of autumn starts to be felt across the state. Metals prices were relatively stable with increasing demand for zinc and gold, the two metals that generate the most revenue from Alaska's operating mines. Wood Mackenzie is forecasting a 3 percent increase in global refined zinc demand in 2017 to 14.7 million metric tons. With refined zinc production limited to a 2 percent...
