The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Would you consider drinking heavy metals to make your stomach feel better? A serum containing arsenic, cadmium, lead or mercury would only make matters worse and could be deadly. Bismuth, the heaviest of the heavy metals, however, is swigged by millions of indigestion sufferers each year. In fact, stomach remedies such as Pepto-Bismol, along with cosmetic applications, are currently the largest market for bismuth. Being the only non-toxic heavy metal, bismuth is being...
Amongst the rarest of the stable elements on the periodic table and an important ingredient in the emerging thin-film solar panel sector, tellurium embodies what it means to be a metalloid – an element that possesses the properties of both a metal and non-metal – critical to the United States. "Most rocks contain an average of about 3 parts per billion tellurium, making it rarer than the rare earth elements and eight times less abundant than gold," the United States Geo...
Despite a two month suspension of activities and other challenges related to protecting workers and local communities from COVID-19, Donlin Gold LLC managed to exceed its planned drilling at its 39-million-ounce gold project in the Yukon-Kuskokwim region of Southwest Alaska. "I'd like to congratulate the joint venture team, as well as thank our Native corporation partners, Calista Corporation and The Kuskokwim Corporation, on successfully completing drilling despite the...
When Granite Creek Copper Ltd. decided to refocus its energies on finding copper in Yukon Territory in October 2018, it swung into action, aggressively tackling its vision of becoming a leading copper exploration company. Just over two years later, the junior has acquired the advanced Carmacks Copper Project and is hoping to establish a mineral resource estimate on its larger Stu Project next door. To begin its transition, the junior changed its name from Granite Creek Gold...
In the few months since taking the helm at Contango ORE Inc., Rick Van Nieuwenhuyse has steered this unconventional mineral exploration company toward being the 30% owner of Alaska's next million-ounce gold producing mine. This coming mine at Contango ORE's Peak Gold deposit quickly surpassed Donlin Gold, Livengood, and other top contenders for Alaska's next large gold operation when Kinross Gold Corp. acquired a 70% interest in the high-grade gold project and unveiled a...
Doyon Ltd. is seeing a resurgence of mineral exploration on its lands across Interior Alaska, especially on gold properties held by the Alaska Native Claims Settlement Act regional corporation. Running the breadth of Alaska between the Brooks Range to the north and Alaska Range to the south, the Doyon region blankets a mineral-rich swath of Alaska's Interior that is nearly the size of Texas. Doyon itself, owns 12.5 million acres of land within this vast region, making it the...
Barrick Gold Corp. President and CEO Mark Bristow believes Donlin Gold is "a very valuable asset" that is both blessed and challenged by its location. "If you look at Donlin compared to some of the other assets in our portfolio, it's a pure gold play, it's in a mining-friendly jurisdiction, it's just in a very challenging geographical setting," he said during Barrick Gold's second quarter webinar on Aug. 10. Barrick and its executive office have recently been more candid about...
Barrick Gold Corp. and Novagold Resources Inc. Aug. 6 reported that initial results from the 2020 optimization drill program at Donlin Gold continue to tap near-surface, high-grade mineralization that could likely be mined during the early stages of operations at the 39-million-ounce gold project in Southwest Alaska. Donlin Gold LLC – a 50-50 joint venture between Novagold and Barrick – began gearing up for a roughly 22,000-meter drill program at Donlin in February but the...
As the price of gold reaches historic highs and silver tops US$24 per ounce, Western Alaska Copper & Gold and Piek Exploration are investigating the potential of restarting operations at the past producing Illinois Creek Mine near the Yukon River about 65 miles southwest of the town of Galena and 120 miles north of the Donlin Gold Mine project. In 2018, Western Alaska Copper & Gold and Piek Exploration formed a joint venture to consolidate the entire Illinois Creek district,...
In a move aimed at modernizing and streamlining the environmental review process for large-scale projects in the United States, the Trump administration has finalized sweeping reforms to the National Environmental Policy Act. When it was established in 1970, NEPA was hailed by U.S. policymakers as "the most important environmental statute ever enacted" but was largely viewed by law professionals as lacking any kind of detail that could be considered statute. Theodore Lowi, a...
Novagold Resources Inc. is taking the offensive against J Capital Research USA LLC, a company that released a fallacious report on Novagold in what is being considered a "short-and-distort" attack against the company that owns a 50% stake in the 39-million-ounce Donlin Gold project in Southwest Alaska. Basically, a short-and-distort scheme is when an investor or group of investors takes a short position in a company – a means of profiting from the decline of a company's s...
After a two-month suspension due to COVID-19, drills are once again turning at the Donlin Gold project in the Yukon-Kuskokwim region of Southwest Alaska. Donlin Gold LLC – a 50-50 joint venture between Novagold Resources Inc. and Barrick Gold Corp. – began gearing up for a roughly 22,000-meter drill program at Donlin in February and had drills turning on the 39-million-ounce gold project by March. With the novel coronavirus outbreak elevating to pandemic levels, the par...
White Rock Minerals Ltd. June 10 said a team of geologists is slated to explore the Last Chance prospect in preparation for the first drilling at this gold discovery on the company's Red Mountain project in Interior Alaska. A detailed regional stream sediment program carried out last year led to the discovery of Last Chance, which is located on the west end of White Rock's 216-square-mile (559 square kilometers) property about 60 miles (100 kilometers) south of Fairbanks. Whil...
As the largest shareholder and chairman of Novagold Resources Inc., a company that owns 50% of the 39-million-ounce Donlin Gold project in Alaska, it is natural for New York billionaire Thomas Kaplan to elucidate potential investors on his predictions of coming rises in the price for an ounce of gold. The truth, however, is the renowned entrepreneur and natural resources investor is not bullish on gold because he has skin in the game. Instead, he is a major owner of the...
Northern Dynasty Minerals Ltd. said its Pebble project could provide another source of jobs and revenue to an Alaska economy challenged by an interrelated combination of COVID-19 and low oil prices. Though fewer than 400 cases of COVID-19 have been diagnosed in Alaska, placing it among the lowest states in the country on an absolute and per capita basis, the economic impact of the global pandemic on the largest of the United States is both severe and ongoing. As a result of...
4 is shaping up to be the best year for Alaska's mineral exploration sector in a decade – that was the message delivered by North of 60 Mining News in January. Now, just four months and one COVID-19 pandemic later, the aspirations of a banner year for the companies unlocking the Last Frontier's vast mineral potential are distant and likely unachievable. While some mineral exploration companies will be able to carry out their 2020 programs as anticipated, restrictions to "...
White Rock Minerals Ltd. April 5 said that despite the market uncertainty and travel restrictions related to COVID-19, it intends to carry out at least a limited drill program to expand zinc mineralization and test a new gold discovery on its Red Mountain property in Alaska. "As an exploration company, we understand what it is like to operate in uncertain times with uncertain outcomes," said White Rock Minerals Managing Director Matt Gill. "Work is still progressing, and we...
Novagold Resources Inc. April 1 announced that the planned 80-hole drill program at Donlin Gold, a 39-million-ounce gold project owned equally by Novagold and Barrick Gold Corp., has been put on hold due to COVID-19 measures in the Yukon-Kuskokwim region of Southwest Alaska where the proposed mine is located. A week earlier, Novagold reported that the roughly 22,000-meter drill program was ongoing but the rapidly evolving protocols to prevent the spread of coronavirus,...
Barrick Gold Corp. March 20 announced it has stepped up its emergency response plans for dealing with the COVID-19 pandemic at all its sites and offices across the world. The latest round of measures by the global gold mining company includes the suspension of all non-essential business travel and the curtailing of all non-vital projects. Barrick Gold President and CEO Mark Bristow said the company was closely monitoring the very fluid COVID-19 situation, constantly updating...
Novagold Resources Inc. March 23 said the 2020 drill program at the Donlin Gold project in Southwest Alaska continues at this date, but recognizes that the COVID-19 crisis is fluid and is monitoring the state of Alaska health recommendations and will make the necessary adjustments including pushing back the timeline for the balance of the 22,000 meters of drilling planned for this year. Donlin Gold LLC, a joint venture partnership owned equally by Novagold and Barrick Gold...
In the midst of the COVID-19 outbreak and following the cancellation of the Alaska Miners Association 2020 Spring Convention in Fairbanks, AMA Executive Director Deantha Crockett takes the time to answer 20 questions on how the pandemic is affecting Alaska's mining sector and the association; Alaska's economy; state and federal mining policy; and due process for the Pebble Mine project. Q. Alaska Miners Association recently made the difficult decision to cancel its spring...
Canada's provinces and territories have fallen from grace in the eyes of the global mining community, according to the latest rendition of Fraser Institute's Annual Survey of Mining Companies. For the first time in a decade, no Canadian jurisdiction ranks in the top 10 for "investment attractiveness" in the annual survey conducted by the Canadian public policy think-tank. This report asks industry professionals from around the globe to score mining jurisdictions based on their...
Following the pouring of the 4 millionth ounce of gold at the Pogo Mine, Northern Star Resources Ltd. Executive Chairman Bill Beament sat down with Mining News to talk about what this milestone means for the Interior Alaska gold mine; the Australia-based mining company's progress since acquiring Pogo; keys to Northern Star's success; and the vast mineral potential at Pogo and across Alaska. Q. Over the past decade, Northern Star Resources Ltd. has grown from a single-asset...
White Rock Minerals Ltd. Jan.28 announced the discovery of a large gold anomaly at Red Mountain, an expansive Alaska mineral exploration project better known for the zinc-rich volcanogenic massive sulfide deposits found there. Two VMS deposits on the Red Mountain property – Dry Creek and West Tundra Flats (WTF) – host 9.1 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 5.8 percent (1.17 billion pounds) zinc; 2.6 perc...
North of 60 Mining News is proud to introduce 20 questions for 2020. Over the course of this series, Mining News will interview mining and political leaders from Alaska, British Columbia, Northwest Territories, Nunavut and Yukon. Each interview will include 20 questions on mining, markets and doing business across Alaska and Canada's North. For the inaugural 20 questions for 2020, Mining News talks with Contango ORE Inc. CEO Rick Van Nieuwenhuyse, a longtime mining executive...
