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 91
WESTERN ALASKA Northern Dynasty Minerals Ltd. announced that it had finalized a surface right of way agreement with Alaska Peninsula Corporation for use of that latter's lands for the construction and operation of transportation infrastructure associated with the Pebble copper-molybdenum-gold project. Alaska Peninsula Corporation is an Alaska Native village corporation with extensive land holdings proximal to the Pebble site and more than 900 shareholders, many of which live... Full story
PolarX Ltd. Nov. 5 said a high‐resolution aeromagnetic geophysical survey flown this fall over most of the Stellar property, part of the Australian explorer's Alaska Range project, clearly shows the signature of a significant copper‐gold porphyry target at the Zackly SE prospect. Collecting magnetic data on 50-meter line spacing at an average height of 33 meters above the ground, the helicopter-flown survey provided details of a 7.5-mile (12 kilometers) long structural cor...
PolarX Ltd. Sept. 25 said drilling is beginning to outline a thick zone of shallow, high-grade gold-copper-silver mineralization about 850 meters east of the Zackly skarn deposit that show the potential for open-pit mining on the Australian explorer's Alaska Range project. First tapped by ZX-18020 – a hole reported earlier this year that cut 54.6 meters averaging 2.8 grams per metric ton gold, 9.4 g/t silver and 0.6 percent copper from a depth of 2.5 meters – this thick new...
PolarX Ltd. reported additional high-grade gold-copper mineralization well outside the resource boundary at the Zackly skarn deposit on the Australian explorer's Alaska Range Project. The Zackly deposit hosts 3.4 million metric tons of inferred resource grading 1.2 percent (90.4 million pounds) copper, 2 grams per metric ton (213,000 oz) gold and 14 g/t (1.5 million oz) silver, according to a resource calculation completed early this year. With the goal of expanding this...
PolarX Ltd. July 24 reported that drilling at its Alaska Range project continues to cut stellar visible copper mineralization beyond the Zackly skarn deposit. A 13-hole drill program carried out in 2017 upgraded the historical Zackly deposit to 3.4 million metric tons of JORC- (Australian Joint Ore Reserves Committee) compliant inferred resource grading 1.2 percent (90.4 million pounds) copper, 2 grams per metric ton (213,000 oz) gold and 14 g/t (1.5 million oz) silver. This...
IDM Mining Ltd. July 24 reported high-grade gold and silver results from trenching at the Money Rock zone at the Lost Valley target, which is about 4,000 meters south of the resource at the company's Red Mountain gold project near Stewart in British Columbia's Golden Triangle. IDM first sampled the Money Rock prospect area in 2016. "This discovery, which appears to be part of a stacked set is an obvious new drill target at Red Mountain," IDM President and CEO Rob McLeod said a...
Millrock Resources Inc. July 18 said roughly US$5 million of partner-funded exploration is being carried out across its portfolio of mineral properties, including 10,000 meters of drilling at three projects in Alaska and Mexico. "We have plenty of potential catalysts to improve the Millrock share price through the discovery of valuable resources," said Millrock President and CEO Greg Beischer. Millrock Resources is a project generating mineral exploration company with five...
MACLAREN RIVER: A cold summer rain drizzling down on the exploration camp does not dampen the spirits of PolarX Ltd. Executive Director Jason Berton ... and for good reason. Laid out across the tables in the core shack at the company's highway accessible exploration camp is gold- and copper-rich skarn mineralization from a hole drilled some 850 meters east of the current resource at the Zackly deposit on the company's Alaska Range project. If ongoing drilling can trace this...
PolarX Ltd. is ready to kick off the initial phase of its 2018 drill program at its Alaska Range copper-gold project. Encompassing the Stellar and Caribou Dome properties, the Alaska Range blankets a 22-mile mineralized trend that hosts Zackly, a high-grade skarn deposit with roughly 91 million pounds of copper and 213,000 ounces of gold; Caribou Dome, a sediment-hosted deposit with 280 million pounds of copper; and numerous exploration targets. The initial 23-hole program...
PolarX Ltd. May 15 announced that it has raised AU$2.5 million for exploration and development activities on the Alaska Range copper project in Alaska. The financing involved the issuance of roughly 24 million shares at a price of AU10.5 cents per share. Initial exploration at Alaska Range will focus on expanding the Zackly copper-gold-silver skarn deposit. In March, PolarX announced a maiden Australian Joint Ore Reserves Committee- (JORC) compliant resource for Zackly of 3.4...
PolarX Limited March 20 reported that the Zackly deposit at its Alaska Range project hosts 90.8 million pounds of copper, 213,000 ounces of gold and 1.5 million oz of silver in a resource compliant with Australian Joint Ore Reserves Committee (JORC) mineral reporting standards, a code for reporting mineral resources and ore reserves similar to National Instrument 43-101 standards in Canada. A historical resource for Zackly was calculated at 1.54 million metric tons grading...
PolarX Ltd. Jan. 31 announced that it has staked 34 state mining claims to cover potential extensions of copper mineralization at its Alaska Range project. The roughly 60,000-acre Alaska Range project encompasses the Stellar copper-gold and adjacent Caribou Dome high-grade copper properties. The Senator copper prospect on the Caribou Dome side of the Alaska Range project was discovered through a soil sampling program carried out in 2016. This work outlined a roughly 5,000- by...
As we transition from 2017 into 2018, the weight of evidence pointing to a long-awaited mining industry up-tick is being trumpeted from every financial institution, brokerage house and mining pundit across the globe. For example, RBC Capital Markets' newly released "2018 New Year Preview" has this to say: "We are in the mid-stages of a stock market recovery and the early stages of an economic cycle recovery. Gold is already in a phase where it out-performs other financial... Full story
With fresh funds in the bank and partners exploring the gold, copper and silver projects it has generated in Alaska, British Columbia and Mexico, Millrock Resources Inc. is positioned well for 2018. As a project generator, Millrock is leveraging its team's geological expertise by identifying and acquiring promising mineral projects, completing preliminary exploration aimed at bolstering the their potential and then vending them to partners to fund the more advanced stages of...
PolarX Ltd. has put together an 85,750-acre (347 square miles) land package just off Alaska's road system that already hosts deposits rich in copper and gold yet remains vastly under-explored. This 22-mile- (35 kilometers) long property, known as Alaska Range, is made up of two adjacent projects – Stellar and Caribou Dome – the Australia-based exploration company brought together in 2017. Stellar, currently the primary focus of PolarX's exploration, already boasts 90.4 mil... Full story
Millrock Resources Inc. is a project generating mineral exploration company with five projects in Alaska, three in British Columbia (transferred to Sojourn Exploration Inc.), 16 in Mexico and one in New Mexico. Alaska Range, a property that hosts a copper-gold-silver skarn deposit and is highly prospective for copper-gold porphyries, is the most active project in Millrock's portfolio this year. In 2017, Millrock sold its Stellar copper-gold-silver project to Australia-based... Full story
PolarX Ltd. Oct. 25 reported that an induced polarization geophysical survey has confirmed the potential of a buried porphyry copper-gold system at the Mars prospect on its Stellar property in Southcentral Alaska. Broadly spaced soil samples have outlined a 2,000- by 1,500-meter area of gold and copper mineralization at Mars and rock chip samples collected from this same area have returned assays of up to 7.4 percent copper and 1.8 grams per metric ton gold. Data from the IP s...
PolarX Ltd. Dec. 6 reported that assay results from two additional holes drilled at Zackly continue to confirm the historical copper-gold resource for the skarn deposit within the company's Alaska Range project. Hole ZM-17010 cut two mineralized intercepts - 5.5 meters averaging 0.65 percent copper and 1.11 grams per metric ton gold from 155.9 meters; and 18.4 meters of 1.34 percent copper and 1.15 g/t gold from 169.5 meters. Hole ZM-17015 cut 5.9 meters averaging 1.23...
Millrock Resources Inc. is a project generating mineral exploration company with seven projects in Alaska, three in British Columbia, 15 in Mexico and one in New Mexico. In Alaska, Millrock struck a deal with Kinross Gold Corp. that provides the major the option to earn a 70 percent joint venture interest in Liberty Bell, a road-accessible project about 70 miles southwest of Fairbanks that is prospective for copper-gold porphyry and associated gold deposits. Previous work at...
PolarX Ltd. debuted this year as a new Australia-based exploration company focused on advancing Caribou Dome and Stellar, high-grade copper and copper-gold projects in Southcentral Alaska. This company is the product of a merger between Coventry Resources, a Perth-based junior that had been exploring Caribou Dome for the past two years, and Vista Minerals Pty Ltd., a privately owned "Down Under" explorer that holds the rights to the adjacent Stellar copper-gold project. The pr...
Alaska's minerals exploration sector is on an upswing, thanks to Australian mining explorers looking north and mining majors upping their activities in the state. South32 Ltd., a Perth, Australia-based miner spun out of BHP Billiton Plc, is the largest mining company from Down Under to express an interest in Alaska's mineral potential this year. South32, which has eight operating mines in the Southern Hemisphere, secured an option to acquire a 50 percent interest in Trilogy... Full story
PolarX Ltd. Oct. 3 announced that mineralization has been observed in all of the holes drilled so far this year at its high‐grade Zackly copper-gold skarn deposit at the Stellar project in Southcentral Alaska. A historical resource for Zackly outlines 1.54 million metric tons grading 4.5 grams per metric ton (218,944 ounces) gold and 2.9 percent (66.9 million pounds) copper. This year's drilling is focused on upgrading the historical Zackly resource to Australian Joint...
PolarX Ltd. Nov. 23 reported that assays from the first five holes drilled at Zackly confirm the high-grade copper-gold mineralization in this skarn deposit on the Stellar property. Significant results from the first five holes include: 14.5 meters of 2.5 percent copper and 2 grams per metric ton gold from a depth of 34.9 meters; 5.3 meters of 2 percent copper and 2.7 g/t gold from 9.7 meters; and 3.5 meters of 3.9 percent copper and 2.2 g/t gold from 99.1 meters. PolarX said these grades exceed those from historical...
In early November, the Alaska Miners Association will hold its annual convention in Anchorage. Unlike the past four or five years, the excitement surrounding the convention this year is palpable due to the steady increase in exploration, development and production activities in Alaska in 2017. Clear signs of the industry's long-awaited revival include the fact that 11 new project acquisitions have taken place in 2017, half of which involve companies that are newcomers to the...
As the first snows of the coming winter began to fall at high elevations across Alaska, results of summer programs likewise began to trickle in from far-flung areas of the state. Meanwhile, second- and third-quarter production data began to show up and mining industry analysts released a series of reports covering a wide range of industry-wide trends. For example, SNL Metals and Mining Research released information on how long it takes to move a new discovery to production.... Full story
