The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 25 of 91
Pogo Mine owner is underwriting A$4.9M financing by Australia-based junior exploring Alaska Range. PolarX Ltd. Feb. 27 announced that Northern Star Resources Ltd. has agreed to participate in a financing that would earn the Australia-based gold producer a 28.5% interest in the junior exploration company. Both Australia-based companies have interests in Alaska – Northern Star owns and operates the high-grade Pogo gold mine, and PolarX is exploring the district-scale Alaska R...
Osisko Metals Inc. Nov. 13 announced the latest drilling results from the recently established Pine Point Mining Limited joint venture project in Northwest Territories, Canada. Located just south of the Great Slave Lake, Pine Point is home to a former mine operated by Teck Resources Ltd. that produced roughly 14 billion pounds of zinc and 4 billion lb of lead from around 64 million metric tons of ore during a 24-year span beginning in 1964. According to the most recent...
Study shows mine is feasible, could be enhanced with more exploration. A scoping study provides the first glimpse of potential mines at the Zackly and Caribou Dome deposits on PolarX Ltd.'s Alaska Range copper-gold project. Spanning a roughly 22-mile- (35 kilometers) long stretch of its namesake cordillera, the Alaska Range project is rich in copper and gold deposits and occurrences. The two most advanced of these are Zackly, a high-grade gold-copper-silver skarn deposit that...
"What is the impact of not mining in Alaska?" Liz Cornejo, vice president Dowa Metals & Mining Alaska, asked during the 2022 Alaska's Minerals: A Strategic National Imperative summit. For such a simple question, the implications are enormous. Alaska is practically synonymous with mining. Aside from the strong tourist appeal – which accounts for a large portion of the state's economy – the remaining economic contributors all come from natural resources. Fishing, mining, oil...
Tahltan Nation Development Corp. and Central Mountain Air Ltd. March 9 announced the finalization of a contract with Newcrest Mining Ltd. for air transportation of crews to and from the Red Chris copper-gold mine in British Columbia's Golden Triangle. "TNDC is honoured to join forces with Central Mountain Air to provide safe, reliable aviation services for this valued client," said Tahltan Nation Development Corp. CEO Paul Gruner. "This is another exciting opportunity for...
During a 2021 exploration program focused largely on collecting further geological and metallurgical data for a scoping study on establishing a mine at its Alaska Range property, PolarX Ltd. made a game-changing high-grade copper discovery. As its name suggests, this property covers a 22-mile- (35 kilometers) long stretch of the majestic and mineral-rich Alaska mountain range that arcs across the middle of the Far North state. PolarX' 2021 program focused on two high-grade...
As an Alaska Native Claims Settlement Act regional corporation that is balancing traditional values with economic opportunities across a 26-million-acre picturesque and resource-rich traditional region at the epicenter of Alaska's highway system, Ahtna Inc. lies at a literal and figurative crossroads. Bordered by the majestic Alaska Range to the north, the equally beautiful Chugach Mountains to the south, the Canadian border to the east, and the Denali National Park to the...
HOPE, Alaska – An Alaska partnership between Trout Unlimited and Kinross Gold Corp. demonstrates that cooperation and collaboration are more powerful than conflict and polarization when it comes to conserving the environment while also producing the minerals and metals the world needs and wants. This strength-in-partnerships strategy is on full display in Alaska's historic Hope gold mining district, where Trout Unlimited, Kinross, Hope Mining Company, U.S. Forest Service, a...
Australia-based PolarX Ltd. has refocused its Alaska exploration on the Zackly high-grade copper-gold-silver skarn on its roughly 100-square-mile (261 square kilometers) Alaska Range property. Blanketing 22 miles (35 kilometers) of copper-rich geology stretching across the southern slopes of the mountains for which it is named, Alaska Range consists of two adjacent copper and precious metal projects – Stellar and Caribou Dome. Zackly skarn is found in the middle of a 7...
PolarX Ltd. Dec. 17 reported that its 2020 drilling continues to encounter near-surface copper-gold mineralization at Zackly East, and geophysics has identified a new porphyry target associated with the high-grade skarn mineralization the company expanded this year on its Alaska Range property. Covering a 22-mile (35 kilometers) copper-rich trend along the southern slopes of the mountains for which it is named, Alaska Range consists of two adjacent copper and precious metal...
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...
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...
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...
Victoria Gold Corp. Nov. 25 announced that its Eagle Gold Mine in the Yukon has surpassed 10,000 ounces of gold production. Construction at Eagle Gold was completed in July and on Sept. 17 Yukon's newest large-scale gold mine poured its first bar. At the time, Eagle Gold crews had worked 1,720,843 hours without a lost time incident. This would be a stellar achievement for any workforce but is especially noteworthy when you consider this is a newly formed crew and the work it...
PolarX Ltd. Nov. 18 reported that the first hole drilled at Mars has indeed tapped a wide section of copper-gold-molybdenum mineralization, confirming the porphyry potential of this target on the Australia-based explorer's Alaska Range property. From a depth of 308 meters, this first hole ever drilled at Mars, 19MAR001, cut 102.1 meters averaging 0.22 percent copper, 0.07 grams per metric ton gold and 200 parts per million molybdenum. "Assays confirming the presence of...
Investors looking for mineral exploration companies boasting a team with a proven track record and gold properties in safe and mineral-rich jurisdictions have a new choice with the Tectonic Metals Inc. symbol, TECT, listed on the TSX Venture Exchange at the opening of trading on Nov. 18. While Tectonic may be the newest mineral explorer on the TSX Venture Exchange, the company has been acquiring and assessing gold properties in Alaska for the past two years as a privately...
PolarX Ltd. Oct. 21 reported that the encouraging porphyry copper mineralization encountered in the first hole at the Mars target on its Alaska Range property increased in intensity to the bottom of the hole. On Oct. 1, the Australia-based company announced that its Mars discovery hole, 19MAR001, cut roughly 300 meters of porphyry-style mineralization starting at a depth of about 5.3 meters. Today, the company said this visible copper and molybdenum mineralization increased...
PolarX Ltd. Oct. 1 announced that drilling has tapped encouraging porphyry copper mineralization at the Stellar project, part of the Australia-based explorer's Alaska Range property. This Stellar copper, however, was not encountered at Saturn, the primary target of porphyry exploration at Alaska Range. Instead, this mineralization was identified in core from the first hole drilled at Mars, another porphyry target at the opposite end of a 7.5-mile- (12 kilometers) long...
PolarX Ltd. July 10 said a roughly 5,000-meter drill program is slated to begin this month at the Saturn copper‐gold porphyry target within its Alaska Range project. Funded with the recent AU$4.3 million investment by Lundin Mining Corp., this program is expected to include eight to 10 deep holes targeting a porphyry copper‐gold target identified in early 2018 through evaluation of regional aeromagnetic geophysical data and confirmed through a higher‐resolution survey carried...
Earlier this month S&P Global put out a summary indicating that during the first quarter of 2019 metals like copper, zinc and nickel were up quarter over quarter by 11 percent, 22 percent and 25 percent, respectively. More recently gold has skyrocketed beyond the $1,400-per-ounce mark for the first time in many months. Correspondingly, the mining industry's aggregate market cap also rebounded strongly in the period after four bearish quarters, rising 12 percent to $1.43...
Lundin Mining Corp. has agreed to invest AU$4.3 million (US$3 million) to acquire 14.3 percent of PolarX Ltd. shares, a deal that gives the Canada-based miner an option to earn a 51 percent interest in the Australia-based junior's Stellar copper-gold project in Alaska. Lundin Mining is a global base metals miner with copper, nickel and zinc operations in Chile, United States, Portugal and Sweden. The Toronto, Ontario-based miner also holds a 24 percent stake in the Freeport...
When it comes to managing its more than 1.5 million acres of land in a region of Southcentral Alaska renowned for its natural beauty, Copper River salmon, abundant wildlife and one of the richest lodes of copper to ever by mined on earth, Ahtna Inc. balances development for the prosperity of its current shareholders and preservation of resources for future generations. An important facet of this management is ensuring that there are plenty of plants, fish and wildlife to suppo...
PolarX Ltd. Jan. 29 reported that the final assays from the 2018 drill program at its Alaska Range project continues to tap copper-gold-silver mineralization below the resource boundaries of the Zackly skarn deposit. Zackly hosts 3.4 million metric tons of inferred resource averaging 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 an Australian Joint Ore Reserves Committee- (JORC) resource...
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...
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...
