The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 50 of 212
American Pacific Mining Corp. Oct. 31 finalized the acquisition of Constantine Metal Resources Ltd., providing the well-funded exploration and development company a roughly 45% interest in Palmer, a volcanogenic massive sulfide zinc-copper-silver-gold-barite mine project being advanced under a joint venture with Dowa Metals & Mining Alaska Ltd. "This is a transformational step for American Pacific as the Palmer Project gives us an established PEA-stage asset with a tremendous...
Under a deal announced on Aug. 15, American Pacific Mining Corp. will gain 44.9% ownership of the Palmer zinc-copper-silver-gold-barite mine project in Southeast Alaska through the acquisition of Constantine Metal Resources Ltd. Being advanced under a joint venture between Constantine and Dowa Metals & Mining Alaska Ltd., Palmer hosts 4.68 million metric tons of indicated resource averaging 5.23% (539 million pounds) zinc, 1.49% (154 million lb) copper, 30.8 grams per metric t...
Whether you are involved in the mining industry or not, lifelong Alaskans, at some point or another, have most likely heard the name Usibelli. Perhaps, however, many Alaskans may not be aware that behind the Usibelli Coal Mine is the Usibelli family – owners and operators of the largest coal mine in Alaska. Yet before a titan of Alaskan industry was born, generations of sweat, elbow grease, and raw determination was needed before the name Usibelli would be known. Built from f...
Constantine Metal Resources Ltd. June 6 announced the appointment of Ernie Siemoneit to the position of project manager and senior engineer for the Palmer copper-zinc-silver-gold-barite project in Southeast Alaska. Based in Fairbanks, Alaska, Siemoneit brings more than 30 years of experience in management, mining engineering, and operations to the Palmer project. This includes deep knowledge of underground mine design, engineering support, mine system reporting, and...
Constantine Metal Resources Ltd. April 13 announced that US$17.98 million (C$22.7 million) has been budgeted for the 2022 work at Palmer, a zinc-copper-silver-gold-barite project in Southeast Alaska. "This is the single largest Palmer program and budget, and it will set the stage to initiate underground exploration to provide essential technical information to be included in a future feasibility study," said Constantine Metals Resources President and CEO Garfield MacVeigh. Loc...
Tahltan Central Government says Newmont Corp.'s plans to turn over properties to the Tahltan Nation for land use planning does not address all the concerns its people have about the gold mining company's plans for development on a large gold-copper project near the community of Iskut, British Columbia. "The Tahltan Central Government is clear to outside governments, industry and the world that working alongside the Tahltan Nation as true partners is a must. No exceptions,"...
Newmont Corp. March 30 announced plans to acquire several blocks of mineral exploration claims in British Columbia's Golden Triangle for the support of land use planning in the Tahltan Territory. The Tahltan-BC Land Use Plan, which is based on the recognition of Tahltan title and rights within the nation's 96,000-square-kilometer (37,000 square miles) territory in northwestern BC, is expected to be one of the key tools that will inform land use decisions under a new...
With the completion of the buyout of GT Gold Corp., Newmont Corp. has bolstered its portfolio of copper and gold projects in Northern British Columbia and the Yukon. "With the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia, Canada, Newmont continues to strengthen our world-class portfolio," said Newmont President and CEO Tom Palmer. Newmont first grabbed a solid foothold in the Golden Triangle with the...
Despite a season challenged by heavy rains and an early snowstorm, the massive amount of exploration carried out in Northern British Columbia during 2021 piled loads of drill core and surface samples on assay labs already severely backlogged by COVID-19 protocols and restrictions that slowed the flow of samples in and data out of these facilities. Just how busy was the 2021 exploration season across the northern half of BC? According to North of 60 Mining News calculations,...
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...
While copper may be the new oil of the green energy revolution, a wide variety of industrial minerals and metals found in abundance in Alaska will be needed to build the envisioned low-carbon future. In a 2021 report on the minerals and metals critical to low-carbon energy and transportation, the International Energy Agency estimates that a typical passenger electric vehicle requires six times the mineral inputs of a conventional internal combustion engine car and an onshore...
With the goal of establishing an underground mine at the Palmer volcanogenic massive sulfide project in Southeast Alaska, Constantine Metal Resources Ltd. and its joint venture partner Dowa Metals & Mining Alaska Ltd. focused their 2021 field program on geotechnical and environmental drilling to support the development of an underground exploration ramp and feasibility-level studies for a mine at this zinc-copper-silver-gold-barite project. According to the most recent...
Seeking economic and cultural prosperity for its more than 23,000 Tlingit, Haida and Tsimshian shareholders while also looking to provide even greater benefits for future generations, Sealaska takes a balanced approach to developing the resources growing above and stored beneath its lands in Southeast Alaska. This does not mean the Southeast Alaska Native Claims Settlement Act (ANCSA) corporation shuns mining or other resource development in its region, a nearly 600-mile...
Constantine Metal Resources Ltd. Oct. 14 reported initial assay results from a 2021 summer work program at Palmer that primarily focused on geotechnical and environmental drilling to support a planned underground exploration program and feasibility-level studies for this polymetallic volcanogenic massive sulfide project in Southeast Alaska. According to the most recent calculation, the South Wall and RW zones at Palmer host 4.68 million metric tons of indicated resource averag...
Newmont Corp. has laid down a US$311 million (C$393 million) cash offer to acquire full ownership of GT Gold Corp. and its Tatogga copper-gold-silver project in the traditional territory of the Tahltan Nation of northwest British Columbia. "We are excited to expand our world-class portfolio to include the Tatogga project in the Tahltan Territory located in the highly sought-after Golden Triangle district of British Columbia, Canada," said Newmont President and CEO Tom Palmer....
The ultimate goal for most junior exploration companies is to discover and advance a mineral deposit to the point that it is large and rich enough to attract the attention of a major mining company to swoop in and nab a stake through an investment in the project or even an outright buyout of the junior. Sometimes, if the global market conditions are right and the project shows enough promise, majors will invest in a project long before an economically viable mining project...
With the completion of the buyout of GT Gold Corp., Newmont Corp. has bolstered its portfolio of copper-gold projects in British Columbia's Golden Triangle. "With the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia, Canada, Newmont continues to strengthen our world-class portfolio," said Newmont President and CEO Tom Palmer. Newmont first grabbed a solid foothold in the Golden Triangle with the 2018...
Alaska, Northern British Columbia, and the Yukon are home to a dozen advanced stage exploration and mine projects hosting billions of pounds of copper ready to deliver to a world demanding massive amounts of this conductive metal for the green energy and electric mobility transition envisioned over the next three decades. In its report, "Copper is the new oil," Goldman Sachs forecasts that the electrification of transportation and decarbonization of electrical generation...
From a world-class graphite deposit in the Northwest to rare earths on the Southeast Panhandle, Alaska has the potential to offer a sustainable and secure supply to meet the coming explosive demand for the minerals and metals crucial to the renewable energy and electric vehicle sectors in North America and around the globe. International Finance Corporation, part of the World Bank Group, estimates that this shift to low-carbon energy and electric mobility will create nearly...
Constantine Metal Resources Ltd. March 30 announced plans for an US$8.8 million program this year at the Palmer zinc-copper-silver-gold-barite project in Southeast Alaska. Funded by Dowa Metals & Mining Alaska Ltd., Constantine's joint venture partner at Palmer, the 2021 program will include roughly 6,000 meters of exploration, resource upgrade, and geotechnical drilling. According to the most recent calculation, Palmer hosts 4.68 million metric tons of indicated resource...
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...
Constantine Metal Resources Ltd.'s 2020 program focused primarily on exploring the hardrock source of Porcupine gold placer mining on its Palmer project in Southeast Alaska. Constantine has traditionally focused its exploration on the discovery and expansion of volcanogenic massive sulfide deposits at Palmer. This work has outlined 4.68 million metric tons of indicated resource averaging 5.23% (539 million pounds) zinc, 1.49% (154 million lb) copper, 30.8 grams per metric ton...
Whether it is the exponential growth in electric vehicles traveling global highways, the massive need for storing energy at solar and wind electrical generating facilities, or cutting the cords on our electronic devices, the world is becoming increasingly dependent on lithium-ion batteries. And this is driving up the demand for cobalt, a critical safety ingredient in the cathodes of these energy storage cells. "Globally, the leading use is in the manufacture of cathode materia...
In what could be the best outcome of Ottawa blocking Shandong Gold Mining's bid to acquire TMAC Resources Inc., Agnico Eagle Mines Ltd. has agreed to buy out its fellow Nunavut gold miner for C$286.6 million. TMAC Resources, which got off to a rocky start of operations at its Hope Bay gold mine in Nunavut, has been looking for a company with the financial wherewithal and mining expertise to make the northern Canada operation a success. Under an agreement reached in May,...
The United States is heavily dependent on China and other foreign suppliers for its barite, a mineral critical to the petroleum sector. Barite derives from barús, the Ancient Greek word for heavy, owing to an exceptionally high specific gravity for a non-metallic mineral. It is this weight that makes barite a key element to the oil and gas sector and lands the mineral on USGS' critical list. "More than 90% of the barite sold in the United States was used as a weighting agent...
