The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 76 - 100 of 273
A more than 10,000-meter drill program focused on exploring new zones of high-grade silver and expanding the resources already outlined was the centerpiece of Dolly Varden Silver Corp.'s 2020 exploration across its namesake property south of Stewart, British Columbia. The roughly 8,800-hectare (21,745 acres) Dolly Varden property covers four historic mines that produced more than 19 million ounces of silver over four decades beginning in 1919. Four deposits associated with...
Dolly Varden Silver Corp. May 7 announced the start of a 2021 exploration program that includes a planned 10,000 meters of drilling that will initially focus on upgrading and expanding the Torbrit silver deposit on its Dolly Varden project in Northern British Columbia. Located about 25 miles (40 kilometers) southeast of Stewart, the roughly 8,800-hectare (21,745 acres) Dolly Varden property covers four historic mines that produced more than 19 million ounces of silver over fou...
An Alaska-based mineral explorer that has long attracted Australian companies to projects it has generated, Millrock Resources Inc. is actively working with two such companies on gold exploration projects in Interior Alaska – Felix Gold Ltd. in the Fairbanks Mining District and Resolution Minerals Ltd. in the Goodpaster Mining District. "The exploration season is in full swing in Alaska," Millrock Resources President and CEO Greg Beischer said earlier this month. "Our f...
Tectonic Metals Inc. July 20 announced it is entering the second phase of its 2021 exploration program at Tibbs in Alaska's Goodpaster Mining District with a deep-penetrating Titan-160 ground-based geophysical survey targeting gold-in-soil anomalies in an area prospective for flat-lying gold veins similar to those that have provided the bulk of the ore Northern Star Resources Ltd.'s Pogo gold mine about 22 miles (35 kilometers) to the northwest. "Tectonic's innovative...
Millrock Resources Inc. July 7 provided an update on the Alaska gold exploration programs being carried out in partnership with two Australia-based mineral explorers – Felix Gold Ltd. in the Fairbanks Mining District and Resolution Minerals Ltd. in the Goodpaster Mining District. "The exploration season is in full swing in Alaska," said Millrock Resources President and CEO Greg Beischer. "Our funding partners are mounting very significant campaigns that could result in new gol...
Contango ORE Inc. June 21 announced that it has raised US$10.9 million to fund its share of exploration and development of Manh Choh, a 1.2-million-ounce gold mine project in eastern Alaska being explored and developed in partnership with Kinross Gold Corp., as well as exploration on three other gold properties wholly owned by CORE. The financing involved the issuance of 523,809 CORE shares at US$21 each. Alaska Future Fund, an Alaska investment program launched in 2019 by...
After raising C$3.5 million in May, Tectonic Metals Inc. is gearing up for the start of its 2021 exploration in Alaska, which will be anchored by oriented core drill programs at its Tibbs and Seventymile gold projects. "It's time! The old saying, 'If you're not drilling, you're not finding gold' could not be more fitting right now for Tectonic," said Tectonic Metals President and CEO Tony Reda. "Our recent capital raise brought in additional sophisticated shareholders to...
Tectonic Metals Inc. June 28 announced the start of 2021 drilling at Tibbs, a gold exploration project about 22 miles (35 kilometers) southeast of Northern Star Resources Ltd.'s high-grade Pogo gold mine in Alaska's Goodpaster Mining District. This year's program at Tibbs is currently slated to include the drilling of 3,000 meters of oriented core in two phases separated by a TITAN-24 geophysical survey. "Tibbs hosts some of the highest tenor gold anomalies in the Goodpaster...
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)...
Northern Star Resources Ltd. April 21 reported that COVID-related challenges continue to impact gold production at its Pogo Mine in Alaska. The underground gold operation about 85 miles southeast of Fairbanks, Alaska produced 41,494 ounces of gold during the first quarter of 2021, which is down about 22% from the 53,375 oz recovered during the final quarter of 2020. Northern Star says the drop in gold production is due to earlier impacts to the rate of underground development...
Contango ORE Inc. April 29 announced it has staked 52,920 acres of state of Alaska mining claims covering a significant portion of the Richardson Mining District. This property, known as Shamrock, lies alongside the Alaska Highway about 70 miles southeast of Fairbanks, Alaska. In addition to excellent access via gravel roads and trails connecting to the paved highway, Shamrock boasts a high-voltage power line that runs along the southern property boundary. Since the discovery...
Resolution Minerals Ltd. March 24 announced the start of 2021 drilling at the 64North gold project in Interior Alaska. This early season program is expected to include 40 shallow rotary air blast holes to test the potential at Sunrise, a new gold prospect identified when a road was pushed into Aurora target area last year. "A fantastic opportunity was generated by RML's trenching and geophysics programs in 2020 which identified the potential of the outcropping Sunrise prospect...
Long before COVID-19 became a household name for a global pandemic, remote mining camps have needed to take precautions to ensure more common illnesses did not spread amongst the crewmembers that share common working, eating, sleeping, and lounging quarters. Now, they are tasked with battling a coronavirus that hides itself longer and is more severe than the common cold or flu. And, despite extensive testing and transmission prevention protocols, COVID-19 continues to find...
From the first glimpse of a potential new discovery to watching the first load of ore pour into a new mill, mineral explorers working in Yukon Territory during 2020 reported experiencing the full gamut of mining highs. Encouraged by the commissioning of the Eagle Gold Mine, government grants for exploration projects, and metals prices, dozens of juniors rushed to the Yukon to chase prospects in the northern territory. "Based on the historic trends, coming into 2020, it looked...
Alaska mines produced roughly $3.16 billion worth of non-fuel minerals during 2020, a slight increase over the $3.13 billion during 2019, according to Mineral Commodity Summaries 2021 published by the U.S. Geological Survey on Feb. 2 The rise in Alaska mine production value is largely due to higher gold output at Alaska's large mines and record setting prices for the precious metal last year. According to early estimates by the Alaska Division of Geological & Geophysical...
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...
Already headed toward the lowest level of annual mineral exploration spending in nearly two decades, the mining industry in Nunavut got broadsided by the coronavirus pandemic in 2020. Travel and workplace restrictions quickly imposed last spring by federal and local authorities to prevent the spread of the disease to the northern territory led some companies to cancel or postpone planned exploration programs until 2021. In February, Natural Resources Canada released figures...
A relatively young mineral exploration company led by a veteran team noted for their success in advancing Coffee Gold in the Yukon from a grassroots discovery to a roughly 5-million-ounce gold mine project, Tectonic Metals Inc. is exploring the overlooked gold potential Alaska has to offer. Formed as a private company in 2018 and taken public on the TSX Venture Exchange towards the end of 2019, Tectonic has already built an impressive portfolio of gold properties and strong...
Resolution Minerals Ltd. is on a mission to reveal the rich gold potential in Alaska's Goodpaster Mining District, home to Northern Star Resources Ltd.'s Pogo gold mine. While still known as Northern Cobalt Ltd., this Australia-based junior cut a deal with Millrock Resources Inc. to earn up to a 60% interest in 64North, a 160,000-acre land package encircling the Pogo Mine property, by investing US$20 million in exploration spending over four years. This enormous property is...
Surpassing 4 million ounces of gold production and roughly another 6.7 million oz in the ground, the Pogo Mine in Alaska is a rising star in Australia-based Northern Star Resources Ltd.'s growing portfolio of gold assets. The February pouring of the 4 millionth ounce of gold recovered from rich deposits at Pogo was a milestone that seemed to mark a changing of the guard for this operation that is transitioning to a renewed life under Northern Star ownership. "It is awesome...
As a project generating exploration company, Millrock Resources Inc. identifies and secures grassroots mineral projects and brings on partners to fund the high-risk early stages of exploration. Currently, this work is primarily focused on gold and copper projects in Alaska and Mexico. One of the largest and most intriguing Millrock generated project is 64North, which covers a 163,240-acre swath of Alaska's Goodpaster Mining District. This large land package has been divided...
Tectonic Metals Inc. Dec. 21 reported that its initial prospecting of Carrie Creek, a newly acquired project immediately adjacent to Tibbs, has turned up intrusion-hosted gold mineralization similar to the ore at Kinross Gold Corp.'s Fort Knox Mine. Tectonic acquired Carrie Creek through a long-term lease agreement it entered into with Doyon Ltd., an Alaska Native Claims Settlement Act (ANCSA) regional corporation with 12.5 million acres of land spanning Alaska's Interior, in...
Millrock Resources Inc. and Resolution Minerals Ltd. Dec. 13 announced the completion of the 2020 exploration at 64North, and preliminary plans for the 2021 program at this large land package adjacent to Northern Star Resources Ltd.'s Pogo gold mine in Alaska's Goodpaster Mining District. Since entering into an exploration agreement with Millrock late in 2019, Resolution has invested more than US$5 million in exploration at 64North and has indicated that it plans to make the...
Resolution Minerals Ltd. Nov. 1 reported that drilling has resumed at the Aurora gold target on the 64North project in Alaska. Located in the Goodpaster Mining District, the 160,000-acre 64North project includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide. Resolution, which has the option to earn a 60% interest in this large gold project from Millrock Resources Inc. by investing US$20 million in exploration spend...
Kinross Gold Corp.'s new long-term strategy for its Fort Knox Mine is a paradigm shift for mineral exploration companies with gold projects on or near the road system within a 300-mile-radius of the iconic gold operation about 20 miles north of Fairbanks, Alaska. Under this new operating plan, Kinross is looking for Alaskan projects that can deliver high-grade ore to the underutilized 14-million-metric-ton-per-year mill at Fort Knox. "There is an economic radius around Fort...
