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 305
PolarX Ltd. Sept. 14 reported that this summer's drilling has encountered strong near-surface copper-gold mineralization at Zackly East, extending this emerging new resource area on the company's Alaska Range property by 320 meters along strike at the Zackly East. "Zackly East is fast becoming a substantial discovery with great scope for further growth," said PolarX Managing Director Frazer Tabeart. Alaska Range consists of two adjacent copper and precious metal projects – S...
Millrock Resources Inc. and Resolution Minerals Ltd. Sept. 10 provided results from two more holes drilled at 64North and an update on other exploration activities being carried out across the expansive gold exploration project in Alaska's Goodpaster Mining District. Bordering Northern Star Resources Ltd.'s Pogo gold mine property, the roughly 160,000-acre 64North project includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last C... Full story
Millrock Resources Inc. and Resolution Minerals Ltd. Aug. 17 reported that drilling is now underway at the Echo target on the 64North gold project in Alaska's Goodpaster Mining District. The roughly 160,000-acre 64North gold project includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide. Under a deal cut with Millrock Resources Inc. last year, Resolution has the option to earn a 60% interest in this large gold p...
Resolution Minerals Ltd. July 27 said it is positioned to carry out the full US$5 million program this year at 64North, a gold exploration project next to Northern Star Resources Ltd.'s Pogo Mine in Alaska's Goodpaster Mining District. Earlier this month, Resolution announced a financing that will add A$4.6 million (US$3.3 million) to test high priority drill targets across the 64North projects. Under a deal cut with Millrock Resources Inc. last year, Resolution has the...
Millrock Resources Inc. July 29 reported it has secured exclusive rights to the Treasure Creek and Ester Dome gold exploration projects in the Fairbanks Mining District, adding to the company's portfolio in the Tintina Gold Belt. Treasure Creek is a roughly 34,600-acre land package about 20 miles west of Kinross Gold Corp.'s Fort Knox Mine, which has produced more than 8 million ounces of gold. According to Alaska Division of Geological and Geophysical Survey reports more...
PolarX Ltd. June 18 said it has secured the funds needed to carry out its 2020 drill program at Zackly East and plans to have drills turning on this high-grade gold-copper skarn in about four weeks. The Australia-based mineral explorer said sophisticated and professional investors have committed to acquiring roughly 99 million PolarX shares at A3.8 cents each, which will gross the company approximately A$3.76 million (US$2.58 million). PolarX said the net proceeds from the...
Millrock Resources Inc. and Resolution Minerals Ltd. have resumed the highly anticipated drilling at the 64North project in Alaska's Goodpaster Mining District. The exploration partners got an early start to 2020 exploration on this property immediately west of Northern Star Resources Ltd.'s Pogo gold mine but were forced to idle down the drills due to health and travel concerns related to the COVID-19 pandemic. Drill crews completed one hole at a secondary target, which was s...
PolarX Ltd. May 19 announced plans to carry out a roughly 3,000-meter drill program to test the high-grade copper and gold previously encountered in the Zackly East skarn deposit on its Alaska Range property Extending for roughly 22 miles (35 kilometers), Alaska Range consists of two adjacent copper and precious metal projects – Stellar and Caribou Dome – the Australia-based explorer merged in 2017. Zackly skarn is found in the middle of a 7.5-mile- (12 kilometers) long min...
Millrock Resources Inc. and Resolution Minerals Ltd. May 13 announced the balance of assay results from winter drilling at the 64North project in Alaska's Goodpaster Mining District and plans for late-May resumption of the program that was cut short due to COVID-19 concerns. Millrock's 64North project includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide – covering roughly 160,000 acres in Goodpaster, a gol...
Millrock Resources Inc. and Resolution Minerals Ltd. April 27 provided preliminary results from the 2020 drilling at 64North and plans for resumption of the program that was cut short due to COVID-19 concerns. Millrock's 64North project includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide – covering roughly 160,000 acres in the Goodpaster District, a gold-rich area anchored by Northern Star Resources Ltd.'s Pog... Full story
Millrock Resources Inc. and Resolution Minerals Ltd. March 30 announced a temporary COVID-19-related suspension of drilling at the 64North gold project adjacent to the Pogo Mine property in Alaska's Goodpaster Mining District. Though the drill crew was completely isolated, and thus in a very safe location for COVID-19 risk, it was the preference of the drilling contractor to allow its personnel to return to their families in the Lower 48 before conditions or travel... Full story
Millrock Resources Inc. March 2 reported that a camp and drill rig are being mobilized to support the upcoming drill program at 64North, a gold exploration project that is just west of the Northern Star Resources Ltd.'s Pogo Mine. 64North includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide – covering roughly 160,000 acres in the Goodpaster District, a gold-rich area anchored by Northern Star Resources Ltd...
Millrock Resources Inc. and Resolution Minerals Ltd. are gearing up for an early March start of drilling on the West Pogo property, part of the larger 64North gold project in Alaska's Interior. Previously known as the Goodpaster project, 64North includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide – covering roughly 160,000 acres in the Goodpaster District, a gold-rich area anchored by Northern Star Resources Ltd...
PolarX Ltd. Jan. 20 announced that trenching, mapping and sampling has identified a potential 600-meter extension of the thick and high-grade copper-gold skarn mineralization it discovered at Zackly East on its Alaska Range project. This 22-mile- (35 kilometers) long Alaska Range property is made up of two adjacent projects – Stellar and Caribou Dome – the Australia-based exploration company brought together in 2017. Zackly skarn is found in the middle of a 7.5-mile- (12 kil...
In November 1996, a little over 23 years ago, I began writing quarterly mining news summaries for the Society of Economic Geologists (SEG). Shortly after that, I began writing monthly summaries for this publication's ancestor, Mining News Alaska, and have continued both monthly, quarterly and annual mining news summaries ever since. With this summary, I have written my last Alaska update for North of 60 Mining News. When I wrote my first summary, Greens Creek was milling only... Full story
With two Australian companies making major investments and several exploration companies from Down Under chomping at the bit to get into the field, 2020 is shaping up to be the best year for Alaska's mining sector in a decade. When you add up the investments South32 Ltd. plans to make in the Ambler Mining District and other exploration projects; Northern Star Resources Ltd.'s spending at the Pogo gold mine; and the exploration dollars at least five other Aussie companies are... Full story
Resolution Minerals Ltd. (formerly Northern Cobalt Ltd.) Dec. 16 announced that it has formally entered into an option to joint venture Millrock Resources Inc.'s 64North gold project in Alaska. Previously known as the Goodpaster project, 64North includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide – covering roughly 160,000 acres in the Goodpaster Mining District, a gold-rich area of Interior Alaska anchored by...
Nova Minerals Ltd. Dec. 9 announced that it has defined targets for a roughly 25,000-meter resource expansion and exploration drill 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...
As the year winds down, mineral industry evaluations for 2019 are being published at a rapid rate. One of the most interesting such global reviews is EY Global Mining and Metals' annual "risk radar" for mining and metals, outlining what mining companies perceive as the top ten risks facing them in the near future. This publication stated that, for the second straight year, "social license to operate" remains the number one risk facing mining companies in 2020. This was... Full story
Northern Cobalt Ltd. (now Resolution Minerals Ltd.) Nov. 22 reported that the West Pogo access road has reached high-priority drill targets at Aurora Creek and a well is being drilled in preparation for a winter drill program slated to get underway by mid-February 2020. West Pogo is one of nine blocks of state of Alaska mining claims Millrock Resources Inc. has acquired and staked in the Goodpaster Mining District. Together known as the 64North (formerly Goodpaster) project, t...
Millrock Resources Inc. Nov. 4 reported that all the pieces are falling in place for an early 2020 drill program at West Pogo, one of nine blocks of claims that make up the company's district-scale Goodpaster gold project in Interior Alaska. In mid-October, Australia-based Northern Cobalt Ltd. cut a deal to earn up to a 60 percent interest in the Goodpaster project by investing US$20 million in exploration, plus paying US$200,000 in cash and issuing 38 million in Northern...
The Goodpaster Mining District in Interior Alaska adds credence to the sourdough mining adage "gold is where you find it." Unlike the 8.3 million ounces of placer gold recovered from the Fairbanks Mining District to the west, 1.2 million oz from the Circle Mining District to the northwest or 20 million oz from Yukon's Klondike District to the east, the Goodpaster Mining District has thrown off a paltry 2,050 oz of placer aurum. Yet, Northern Star Resources Ltd.'s Pogo Mine in... Full story
Australia-based PolarX Ltd. and its copper- and gold-rich Alaska Range property has drawn the interest of Canada-based Lundin Mining Corp. In a deal finalized in June, Lundin invested roughly US$3 million to acquire a 12.85 percent interest in PolarX. This investment provides the Toronto-based miner an option to earn a 51 percent interest in Stellar, a porphyry copper-gold portion of the larger Alaska Range property, by investing US$24 million in exploration and making US$20 m...
EMX Royalty Corp., a company that has found success in generating royalties through low-cost property acquisition and early-stage exploration, nabbed significant royalties on properties in Alaska's Goodpaster Mining District. EMX nabbed a foothold in this district that hosts Pogo, a high-grade underground gold mine owned by Northern Star Resources Ltd., when it invested C$1 million to acquire 7.14 million shares of Millrock Resources Inc. early this year. Prior to the EMX... Full story
Primarily focused on gold, copper and silver, Millrock Resources Inc. is a project generating mineral exploration company that has built a large portfolio of highly prospective mineral exploration properties in Alaska, British Columbia and Mexico. Many of the projects the company has generated have been sold recently to other companies in exchange for cash and shares of the company acquiring and exploring the project. For 2019, Millrock focused largely on amassing a large... Full story
