The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 23 of 23
Kenorland to focus on Taurus South, an intriguing porphyry copper target that has yet to be drilled. Kenorland Minerals Ltd. March 28 announced that Antofagasta PLC has terminated its option to earn up to a joint venture interest in Tanacross, a 114,100-acre porphyry copper-gold exploration project that lies along Alaska's eastern border with Yukon. In 2022, Antofagasta entered into an agreement to earn up to a 70% JV interest in Tanacross by paying Kenorland an initial US$1...
Armed with new leadership and a plan to rapidly explore and develop its lithium prospects in Canada, Li-FT Power Ltd., set out in late 2022 on a bold quest to confirm historical prospects of lithium near the capital of Northwest Territories. While aggressive, the move was far from lacking precedent. Yellowknife, after all, has a history of delivering mineral riches, most notably upwards of 12 million ounces of gold from the legendary Con and Giant mines throughout much of the...
Kenorland Minerals Ltd. Nov. 15 announced that its 2023 program in Alaska included 2,541 meters of drilling funded by Antofagasta Minerals at its Tanacross copper-gold-molybdenum project along the Yukon border in eastern Alaska, as well as geophysics on its Healy gold project in the Goodpaster Mining District. In April, Kenorland announced that Antofagasta Minerals, a subsidiary of Chilean copper miner Antofagasta PLC, budgeted US$3.8 million for the 2023 program at...
Kenorland Minerals Ltd. May 10 announced that it plans to carry out drilling and geophysics on its Tanacross and Healy mineral exploration projects in Alaska. In April, Kenorland announced that Antofagasta Minerals, a subsidiary of Chilean copper miner Antofagasta PLC, plans to invest US$3.8 million this year on exploration at the Tanacross porphyry copper-gold project in eastern Alaska. Last year, Antofagasta Minerals agreed to pay Kenorland an initial US$1 million and...
Li-FT Power Ltd. March 22 announced that it has raised C$35 million (US$25.5 million) for exploration of its lithium properties in Canada, including the company's flagship Yellowknife Lithium project in Northwest Territories. Li-FT is a new junior exploration company formed early last year to explore and develop projects for hardrock lithium, which is in high demand for the batteries powering electric vehicles. After picking up some promising projects in Quebec, the company ac...
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...
Li-FT Power Ltd., a relatively new junior exploration company led by a team with a track record of discovering and financing mineral projects, has acquired an exciting hardrock lithium project that covers most of the Yellowknife Pegmatite Province in Northwest Territories. The Yellowknife lithium project covers at least 14 pegmatites – igneous rocks with exceptionally large crystals that are the major source of hardrock lithium worldwide – on mineral leases that are 30 kil...
Kenorland Minerals Ltd. Aug. 24 announced the launch of a US$2 million exploration program funded by Antofagasta PLC at the Tanacross porphyry copper-gold project in eastern Alaska. In July, Kenorland announced that Antofagasta Minerals S.A, a subsidiary of Antofagasta, agreed to pay Kenorland an initial US$1 million in cash and spend US$30 million on exploration over eight years to earn a 70% joint venture interest in Tanacross, a 113,400-acre property lying alongside the...
Chilean copper miner Antofagasta PLC has entered into an option agreement with Kenorland Minerals Ltd. to earn a 70% interest in Tanacross by investing US$30 million in exploration over eight years and publishing an NI 43-101-compliant preliminary economic assessment on the porphyry copper-gold project in eastern Alaska. "We're very excited to be working with Antofagasta on the Tanacross Project," said Kenorland Minerals CEO Zach Flood. "The property, which covers numerous...
Kenorland Minerals Ltd. April 1 reported that its 2021 drilling at the Healy gold project provides further evidence of a large gold system on the 45,600-acre (18,470 hectares) land package in Alaska's Goodpaster Mining District. "The maiden diamond drill program confirmed the presence of a large-scale gold system at Healy evidenced by broad mineralisation encountered throughout the wide-spaced drilling across multiple target areas," said Kenorland Minerals CEO Zach Flood....
While copper has the potential to be a major contributor to Alaska's economic future, this "new oil" of the low-carbon economy will be hard-pressed to beat out the old money being produced at current and coming gold mines across the Last Frontier. This is due in large part to Kinross Gold Corp.'s new "Kinross Alaska" strategy that is leveraging the underutilized 14-million-metric-ton-per-year mill and storage capacity at Fort Knox to process higher-grade ore mined from...
Kenorland Minerals Ltd., which has been exploring the Tanacross porphyry copper-gold project in eastern Alaska as a private company for several years, is now a publicly listed company with a strong treasury and extensive portfolio of mineral exploration projects in Alaska, Quebec, and Ontario. As a private project-generating explorer, Kenorland entered into an agreement with Freeport-McMoRan to further investigate the potential at Tanacross, a more than 100,000-acre property...
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...
ATAC Resources Ltd. Sept. 2 reported that trenching and other surface exploration has confirmed compelling porphyry copper-molybdenum-gold potential at Connaught, a western Yukon exploration project better known for high-grade silver-lead-gold veins that often also carried copper and zinc. "We are extremely encouraged with the early exploration results from Connaught, as they strongly support the presence of a copper-molybdenum porphyry," said ATAC President and CEO Graham...
Kenorland Minerals Ltd. June 3 announced the start of a 4,000-meter drill program at the Healy gold project in Alaska's prolific Goodpaster Mining District. "We're thrilled to be back in Alaska and kicking off the maiden diamond drill program at Healy," said Kenorland Minerals CEO Zach Flood. "This project represents an excellent opportunity for another completely greenfields gold discovery." Healy covers numerous untested gold targets across a 45,600-acre (18,470 hectares)...
ATAC Resources Ltd. is focusing its 2021 mineral exploration program on the East Goldfield project in Nevada, a departure from more than a decade of primarily exploring its district-scale Rackla Gold property in the Yukon. Late last year, the Yukon government rejected ATAC's application to build a 65-kilometer (40 miles), private tote road that would have supported advanced exploration and potential mine development at Rau, the westernmost of three projects that make up the ex...
Kenorland Minerals Ltd., which has been exploring the Tanacross porphyry copper-gold project in eastern Alaska as a private company for several years, is now a publicly listed company with a strong treasury and extensive portfolio of mineral exploration projects in Quebec and Alaska. "We are extremely excited to begin this next chapter of Kenorland Minerals," said Kenorland Minerals President and CEO Zach Flood. "The company has grown significantly since our inception in 2016...
Considering the global shift to low-carbon energy and electric mobility, copper is the most vital metal not on the United States Geological Survey's list of 35 minerals and metals considered critical to America's economic wellbeing and security. Copper's importance is due to the rapidly emerging electric vehicle, wind turbines and photovoltaic (PV) solar technologies need a lot more copper than the combustion cars and power plants they are replacing. It is estimated that the...
Golden Sky Minerals Corp. (formerly Luckystrike Resources Ltd.) Dec. 10 reported promising results from its 2020 drilling at Hotspot, a 46.4-square-kilometer (17.9 square miles) gold exploration on the Yukon side of the Alaska-Yukon border. Hotspot is situated along the Big Creek fault, a regional-scale fault system that hosts numerous porphyry and orogenic gold deposits in Alaska and the Yukon. The closest such deposit is Taurus, a porphyry copper-gold-molybdenum deposit on...
While claim staking and mineral exploration has rocketed in Yukon's famed White Gold and Klondike districts, this prolific action nearly comes to a halt at the territory's western border with Alaska. This has given rise to a tongue-in-cheek theory that there must be a major fault separating the mineral rich lands in western Yukon from the barren lands west of the border. This "Border Fault" apparently does exist. It is not, however, a major geological structure separating...
When it comes to mineral exploration incentives, currency exchange and infrastructure, Alaska is at a disadvantage in the realm of attracting exploration investments from Canada and Australia, countries that are home to the majority of mining companies. The Far North State's vast and underexplored mineral potential, however, trumps these handicaps in the minds of a growing number of miners and mineral explorers. Mining executives from around the globe perennially rank Alaska...
While copper is not on the United States Geological Survey's list of 35 minerals and metals critical to America, there is no doubt of this metal's importance to both the everyday and avant-garde technologies vital to America's economy and security. "None of the other critical minerals work without copper," Trilogy Metals President and CEO Rick Van Nieuwenhuyse told Mining News. Automobiles are a prime example of how emerging technologies and green energy will drive the demand...
Thanks largely to increased investments from Aussie mining explorers, mineral exploration spending across Alaska topped US$100 million in 2018. This is well above the roughly US$95 million invested last year and nearly double the US$58 million spent at the bottom of the market in 2015. "Canadian and Australian companies continue to be the source for the bulk of funds spent in Alaska in 2018, together comprising well over 80 percent of the exploration expenditures earmarked...
