The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Bonanza gold grades tapped during Ascot Resources Ltd.'s 2020 drill program can only sweeten what is shaping up to be an economically robust operation at its Premier Mine project just outside of Stewart, British Columbia. A 2020 feasibility study for the resumption of mining at Premier envisions four mines in the Stewart area – Silver Coin, Big Missouri, Red Mountain and Premier – providing ore to the existing 1990s era mill. At 2,500 metric tons per day, this operation is...
StrikePoint Gold Inc. June 16 reported the 2021 exploration programs are now underway at its Porter Silver and Willoughby gold-silver properties east of the mining town of Stewart in British Columbia's prolific Golden Triangle. "Our 2021 drilling programs are the most aggressive in the company's history," said StrikePoint Gold President and CEO Shawn Khunkhun. This drilling will begin with an initial 5,000-meter phase of 2021 drilling at Porter, a past-producing silver...
White Rock Minerals Ltd. May 24 reported the start of a planned more than 10,000-meter drill program at its Red Mountain base and precious metals project in Alaska. The large program will include three diamond drill rigs testing for both intrusive related gold at the Last Chance prospect and expanding upon the high-grade silver-zinc-gold-lead volcanogenic massive sulfide mineralization at Red Mountain. The first of the three rigs are now turning at Dry Creek, a silver-rich VMS...
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...
White Rock Minerals Ltd. April 21 announced the closing of a roughly A$8.8 million (US$6.8 million) financing, which will fund the Australian company's largest exploration program so far at the Red Mountain project in Alaska. The expanded 2021 program at Red Mountain will include three diamond drill rigs testing for both intrusive related gold at the Last Chance prospect and expanding up upon the high-grade silver-zinc-gold-lead volcanogenic massive sulfide mineralization at R...
White Rock Minerals Ltd. April 12 said it plans to carry out 10,000 meters of drilling this year to expand upon and explore the zinc, lead, silver, and gold potential across its 308-square-mile (798 square kilometers) Red Mountain project in Alaska. This program will involve three drill rigs focused on expanding the silver-rich volcanogenic massive sulfide mineralization already outlined in the Dry Creek and WTF deposits at Red Mountain, as well as the intrusive related gold...
StrikePoint Gold Inc. Feb. 3 announced the discovery of a new zone of high-grade gold-silver mineralization at its Willoughby project near Stewart in British Columbia's Golden Triangle. Willoughby, which lies about four miles (seven kilometers) east of Ascot Resources Ltd.'s Red Mountain Mine project, hosts at least three styles of mineralization in eight known areas, two of which were tested by a 1,715-meter drill program completed during 2020. Two of the six holes drilled...
Mining and mineral exploration helped to bolster an Alaskan economy plagued by COVID-19 during 2020. According to a report prepared by the McKinley Research Group, a renowned Alaska-based research and consulting firm formerly known as McDowell Group, Alaska's mining industry injected roughly $2 billion into the Alaska economy last year. Commissioned by the Alaska Miners Association and Council of Alaska Producers, "The economic benefits of Alaska's mining industry" report...
With the submission of amendments to existing permits for its Premier gold-silver mine, Ascot Resources Ltd. takes another major step toward its vison of bringing commercial mining back to Stewart, British Columbia. Home to a past producing mine that last operated in the 1990s, Premier has all the major infrastructure – mill, assay lab, crusher, tailing storage area, and underground workings – in place to resume operations. The property also has permits from previous min...
Alaska Industrial Development and Export Authority Feb. 10 announced that its board has approved a long-term agreement with Ambler Metals LLC to share up to $70 million of the predevelopment costs for a proposed road to the Ambler Mining District in Northwest Alaska. "This is another example of AIDEA's role in establishing public-private partnerships supporting responsible development of Alaska's natural resources," said AIDEA Chairman Dana Pruhs. Such partnerships are the...
White Rock Minerals Ltd. and AuStar Gold Ltd. Feb. 2 announced plans to merge into a larger mining company with a world-class portfolio of assets that include the large Red Mountain silver-zinc-gold-lead and Last Chance gold projects in Alaska, and a portfolio of exploration to producing gold assets in Australia. Under the arrangement proposed by the two companies, White Rock will acquire AuStar by issuing 0.78 White Rock shares for every AuStar share issued to shareholders....
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...
Challenged by a global pandemic and a particularly wet summer, many of Northern British Columbia's mineral explorers became adept to adjusting on the fly as they endeavored to unlock the rich precious, base, and battery metals potential of this section of the Pacific Cordillera. With companies like Skeena Resources Ltd. and Ascot Resources Inc. running year-round drill programs as they seek to establish a new era of gold-silver mines at historic operations in the Golden Triang...
Despite being challenged by COVID-19, inclement weather, and a slow return of assay results, StrikePoint Gold Inc. crews remained on target while exploring the company's high-grade Willoughby gold-silver and Porter Silver projects in British Columbia's Golden Triangle during 2020. This exploration was funded largely by Eric Sprott, who invested C$1.96 million to purchase all 23 million StrikePoint shares sold for C8.5 cents each. "With this investment by Eric Sprott,...
White Rock Minerals Ltd. focused its 2020 exploration in Alaska on a potentially large gold system at Last Chance, a large target toward the western end of the Australian mineral explorer's Red Mountain property in Alaska. While Red Mountain is best known for its zinc-rich volcanogenic massive sulfide deposits and occurrences, this 308-square-mile (798 square kilometers) property about 60 miles (100 kilometers) south of Fairbanks lies within the Tintina Gold Belt, a...
White Rock Minerals Ltd. Dec. 21 announced that 2020 stream sediment sampling identified a large, robust gold anomaly west of the Last Chance gold target on the company's Red Mountain project in Alaska. Best known for its zinc-rich volcanogenic massive sulfide (VMS) deposits and occurrences, the 308-square-mile (798 square kilometers) Red Mountain property lies within the Tintina Gold Belt, a particularly gold-rich province that sweeps across Canada's Yukon Territory and...
While the United States consumes roughly 5% of the chromite mined globally, none of this chromium mineral comes from domestic mines. Instead, America relies on foreign sources for approximately 72% of its supply and the balance of this vital ingredient in stainless steel and many superalloys comes from recycling. Nearly all America's chromite imports come from one country, South Africa. This heavy reliance on one country, coupled with a dearth of alternatives for this vital...
The six platinum group elements – platinum, palladium, rhodium, ruthenium, iridium, and osmium – have one foot firmly planted in the realm of precious metals while the other is firmly established in the industrial sectors. While being amongst the rarest metals on the planet already makes PGE's highly valued for jewelry and bullion, their applications in the automotive, petrochemical, and electronics industries are catalysts that drive the price of these industrious pre...
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 (...
Ascot Resources Ltd. Nov. 19 reports that drilling has tapped gold between the newly discovered Day Zone and the Big Missouri gold deposit on the company's Premier gold-silver project just outside of Stewart, British Columbia. The drilling at Day Zone is part of Ascot's 2020 program aimed at testing zones that could provide additional ore to a new era of gold mining at the historic Premier Mine. A feasibility study completed for Ascot earlier this year envisions four mines – S...
Teck Resources Ltd. Oct. 27 reported that water-related restrictions and unexpected repairs at Red Dog slowed zinc and lead production at this mine in Southwest Alaska during the third quarter. During the three months ending Sept. 30, the Red Dog Mine produced 123,300 metric tons (271.8 million pounds) of zinc, which is a 20% drop from the 153,100 metric tons (337.5 million lb) produced during the same period of 2019. Likewise, lead production during the third quarter of this...
StrikePoint Gold Inc. Sept. 9 said its 2020 exploration programs in British Columbia's Golden Triangle are being challenged by COVID-19, weather, and a slow return of assay results. Despite these difficulties, however, crews have met their targets at the company's high-grade Willoughby gold-silver and Porter Silver projects near the mining town of Stewart, BC. "I am exceptionally proud of our team's productivity and success in meeting operational milestones and goals, despite...
Ascot Resources Ltd. Aug. 14 announced the discovery of high-grade gold mineralization at Day Zone, a new area about 300 meters west from the planned underground development at Big Missouri and roughly 5,000 meters north of the mill on Ascot's Premier property in northwestern British Columbia. A feasibility study completed for Ascot earlier this year envisions four mines – Silver Coin, Big Missouri, Red Mountain and Premier – providing ore to the existing 1990s era mill at...
White Rock Minerals Ltd. Sept. 15 reported that it tested the Last Chance gold discovery with 1,990 meters of drilling in eight holes before a blanket of snow marked the end of the 2020 exploration season at its Red Mountain project in Alaska. "Considering the Last Chance gold target started as a stream sediment anomaly earlier this year, our 2020 field season accomplished a lot," said Quinton Hennigh, a technical advisor to White Rock Minerals. Best known for its zinc-rich...
Ascot Resources Ltd. Aug. 19 reports that drilling has tapped spectacular high-grade gold adjacent to the proposed mining areas outlined in a feasibility study completed earlier this year that details plans for re-establishing a mine at its Premier gold-silver project near Stewart, British Columbia. The feasibility study envisions four mines in the Stewart area – Premier, Silver Coin, Big Missouri, and Red Mountain – providing ore to the existing 1990s era mill at Pre...
