The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 75 of 173
A new Australian company has entered the Alaska gold exploration scene with a deal to acquire Monte Cristo, a 125-square-mile (324 square kilometers) underexplored project in the Kahiltna Terrane area. Consisting of 500 state mining claims, Monte Cristo covers a 35-mile-long (55 kilometers) under-explored stretch of Southcentral Alaska east and south of two projects with multi-million-ounce gold resources – GoldMining Inc.'s Whistler gold-silver-copper project and Nova M...
GoldMining Inc. June 21 published an updated mineral resource estimate for its Whistler gold-silver-copper project adjacent to Nova Minerals Ltd.'s Estelle gold project in Southcentral Alaska. According to the new calculation, the Whistler, Island Mountain, and Raintree West deposits at Whistler host 118.2 million metric tons of indicated resource averaging 0.51 grams per metric ton (1.94 million ounces) gold, 2.19 g/t (8.3 million oz) silver, and 0.16% (422 million pounds)...
Nova Minerals Ltd. June 16 announced the start of drilling at RPM, a potentially higher-grade zone that represents the next stage of growth on the company's Estelle gold property in Alaska. Situated about 16 miles (25 kilometers) south of Korbel, where Nova has outlined 4.7 million ounces of gold in 518 million metric tons of inferred resource averaging 0.3 grams per metric ton gold, RPM is a high-priority exploration target with very high gold grades at surface. One hole...
Nova Minerals Ltd. June 8 reported strong gold mineralization encountered during infill drilling at the Korbel Main deposit at the company's Estelle gold property in Southcentral Alaska. Situated about 100 miles (160 kilometers) northwest of Anchorage, Alaska's largest city, Estelle blankets 85 square miles (220 square kilometers) of gold-rich geology. While more than a dozen targets have been identified across the 18-mile- (29 kilometers) length of Estelle, Nova is currently...
Nova Minerals Ltd. April 7 announced an updated and expanded resource for the Korbel Main gold deposit on its Estelle project in Alaska. According to the new calculation, Korbel Main hosts 4.7 million ounces of gold in 518 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 0.3 grams per metric ton gold. Based on the results from recent ore sorting studies that show a significant improvement in mill feed grades, the new...
Nova Minerals Ltd. March 15 said it is encouraged by the results from ore sorting tests completed on material sourced from the Korbel Main deposit on its Estelle gold project in Alaska. According to the most recent calculation, Korbel Main hosts 3.28 million ounces of gold in 291 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 0.35 grams per metric ton gold. This resource is expected to be expanded with a new...
Nova Minerals Ltd. Feb. 8 reports that it has extended the gold mineralization tapped with drilling at the Korbel Main deposit on its Estelle project in Alaska to 1,600 meters along strike and growing. "We are yet to find the extent of the Korbel Main system and continue to encounter wide gold mineralization intercepts, further expanding the footprint," said Nova Minerals CEO Christopher Gerteisen. As of September, Korbel resource blocks A and B hosted 291 million metric tons...
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...
Australian explorer Nova Minerals Ltd. is rapidly building on the multi-million-ounce gold resource it has outlined on its flagship Estelle project in Alaska. Located about 100 miles (160 kilometers) northwest of Anchorage, Alaska's largest city, Estelle blankets 85 square miles (220 square kilometers) of gold-rich geology. While more than a dozen targets have been identified across the 18-mile- (29 kilometers) length of Estelle, Nova focused its 2020 drilling on the Korbel de...
Nova Minerals Ltd. Dec. 18 reported that initial tests indicate that ore sorting could significantly upgrade the feed for a mill and heap leach facility at a future mine on the Estelle gold project in Alaska. The Korbel Main deposit at Estelle currently hosts 3.3 million ounces of gold in 291 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 0.4 grams per metric ton gold. Nova is testing a bulk sorting process that...
Due to their vital importance to American manufacturing and the fact that 100% of U.S. supply comes from overseas, primarily China, rare earth elements top the list of minerals and metals deemed critical to the United States. When the U.S. Geological Survey plugged in 52 critical mineral commodities into a recently developed supply risk tool, six rare earth elements – dysprosium (No. 1), yttrium (No. 2), neodymium (No. 3), lanthanum (No. 5), cerium (No. 6) and praseodymium (...
As Americans were preparing for the most unusual Thanksgiving holiday in memory, Australia-based Nova Minerals Ltd. announced results from the "most important" hole drilled to date at Estelle and the raising of A$21 million (US$15.5 million) to fund the ongoing exploration of this rapidly expanding gold project about 100 miles (160 kilometers) northwest of Anchorage, Alaska's largest city. Korbel, a growing gold resource area at the north end of the 85-square-mile (220 square...
Nova Minerals Ltd. Oct. 22 reported impressive high-grade gold in rock samples collected from the RPM target on its 85-square-mile (220 square kilometers) Estelle gold property in Alaska. Located about 16 miles (25 kilometers) south of the 3.3-million-ounce resource in the Korbel deposit, RPM is an earlier staged gold target that show the potential for higher grade gold mineralization. One hole drilled by a previous operator in 2012 cut 177.4 meters averaging 0.79 grams per...
Nova Minerals Ltd. Oct. 5 reported a 3.3-million-ounce gold resource for the Korbel deposit on the company’s Estelle gold project in Alaska. According to this updated calculation, Block B at Korbel hosts 291 million metric tons of inferred resource averaging 0.4 grams per metric ton gold. This is roughly a 32% increase over the maiden resource calculated for Korbel in 2019 and Nova expects to continue to grow the resource as drill results from an expanded 2020 drill program co...
Australia-based Nova Minerals Ltd. Aug. 31 announced it has plenty of cash in the bank to advance Korbel resource blocks A and B at its Estelle gold project in Alaska through the preliminary economic assessment stage and begin exploration of several nearby targets. Since the beginning of the year Nova has raised roughly A$15.8 million (US$11.7 million) through the exercise of 486.8 million options. "I would like to thank our shareholders for their continued support of Nova,"...
Nova Minerals Ltd. Aug. 26 reported high-grade gold samples collected from an outcrop at Cathedral, an exploration target about 1,200 meters southwest of Korbel Block B on the company's Estelle gold project in Alaska. Reconnaissance exploration at Cathedral target included sampling of quartz-arsenopyrite veining outcropping within the target area. Nova said the spectacular high-grade gold values of 2.97 to 114 grams per metric ton gold from this sampling elevates Cathedral to...
Nova Minerals Ltd. Aug. 19 said the 2020 drill program in Alaska continues to expand a very large and continuous gold system at the Korbel resource area toward the north end of the Australian explorer's roughly 18-mile- (29 kilometers) long Estelle property. Located about 100 miles (160 kilometers) northwest of Anchorage, Alaska's largest city, Estelle hosts 181.3 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 0.43...
Nova Minerals Ltd. July 15 reported long intercepts of gold mineralization in two more holes drilled into Korbel resource block B at its 54,400-acre (220 square kilometers) Estelle project in Alaska. "We are pleased to report more thick drill intercepts which are an exciting and significant development in our phase 1 resource upgrade with all holes hitting extensive mineralization," said Nova Minerals CEO Christopher Gerteisen. Situated roughly 100 miles (160 kilometers)...
Nova Minerals Ltd. July 23 reported more very wide gold intercepts in the first two 2020 holes drilled into the Korbel target on the Australian junior's Estelle gold property in Alaska. Located about 100 miles (160 kilometers) northwest of Anchorage, Alaska's largest city, Estelle hosts 181.3 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 0.43 grams per metric ton (2.5 million ounces) gold. This resource is...
Nova Minerals Ltd. May 24 said visual observation of core from this year's drilling at its Estelle project in Alaska indicates that mineralization extends beyond the inaugural 2.5-million-ounce inferred gold resource outlined in the Korbel deposit last summer. Though assays are pending, Nova said hole KBDH-002 cut quartz-arsenopyrite veinlets from near the top of the hole to a depth of 200 meters below the block model outline, which extends to a depth of nearly 300 meters....
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 "...
Nova Minerals Ltd. April 20 announced that the Alaska Industrial Development Export Authority (AIDEA) has approved a resolution authorizing an agreement to advance studies of the West Susitna Access Road, which would provide surface access to the resource-rich area of Alaska where Nova's Estelle gold project is located. "First and foremost, being Alaskan born and bred, I am extremely excited about this initiative for my people and state," said Nova Minerals CEO Chris...
In what appears to be a positive turn for the 2020 exploration season in Alaska, Nova Minerals Ltd. is preparing to have drills turning again soon at its 2.5-million-ounce Estelle gold project. The Australia-based explorer mobilized equipment and crews earlier this year to carry out an 18,500-meter 2020 phase-1 program at Estelle. Drilling got underway in February but was quickly wound down due to health concerns and restrictions related to the COVID-19 outbreak. Following a...
Nova Minerals Ltd. Feb. 17 announced the start of a 18,500-meter 2020 phase-1 program at its Estelle gold project in Alaska. "We are pleased to have commenced the 2020 drill program so early on in the season and look forward to an exciting growth period for Nova in 2020 with the view of significantly increasing the resource," said Nova Minerals Managing director Avi Kimelman. This resource development drilling program will initially target an area of Korbel Block B that is...
Nova Minerals Ltd. Jan. 15 announced it has raised A$4.3 million (US$3 million) to fund the early 2020 exploration program at its Estelle gold project in Alaska. Located about 100 miles northwest of Anchorage, Alaska's largest city, Estelle hosts 181.3 million metric tons of Australian Joint Ore Reserves Committee- (JORC) compliant inferred resource averaging 0.43 grams per metric ton (2.5 million ounces) gold. This resource, which the Australia-based explorer outlined during...
