The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 75 of 76
Ascot Resources Ltd. Sept. 24 said it has completed its roughly 44,000 meters of resources expansion and upgrade drilling at the Big Missouri, Silver Coin and Premier deposit areas and has begun grassroots exploration across its wider land package near the town of Stewart, British Columbia. This discovery-focused program, recently approved by the Ascot board of directors, will include 3,000 to 5,000 meter of drilling testing four targets, as well as additional ground geophysic...
In the famous words of Sherlock Holmes, the game is afoot! After seasonally slower news from Alaska's mining industry in March and April, the dam has broken with over two dozen Alaska mining project news releases issued in the last month. Including those projects moving forward that have not released their 2019 plans, Alaska has become a very busy place under the sun. All of our major metal mines reported strong performances in the first quarter, several of Alaska's most... Full story
With at least five companies investing heavily in securing ground, acquiring royalties and drilling at and around the Pogo Mine, Goodpaster Mining District has emerged as the hottest destination for gold exploration in Alaska during 2019. The US$30 million to US$40 million Australia-based Northern Star Resources Ltd. is investing in exploration at its newly acquired Pogo Mine alone would be enough to make Goodpaster the most explored district in Alaska this year. "We've got 12...
Tectonic Metals Inc. plans to leverage Alaska's underexplored gold potential to create "the number one mineral exploration company in the world." While this is a lofty goal, Tectonic Metals is led by an executive team that is renowned for the mineral exploration, mining and business skills required to achieve the company's vision. Tony Reda, former vice president of corporate development of Kaminak Gold Corp., is the president and CEO of Tectonic Metals. He is joined by Eira T...
With 12.5 million acres of land spanning Alaska's Interior, Doyon Ltd. is the largest private landholder in the state and one of the largest in the nation. For mining and mineral exploration companies, the rich mineral potential of these lands may be more impressive than the sheer size of the estate. This is because the Doyon region is a nearly Texas-sized swath of Interior Alaska that is renowned for its gold and a host of other metals, providing the regional corporation,... Full story
Members of the Kaminak Gold Corp. executive team have reunited to form Tectonic Metals Corp., a private exploration company that has acquired three overlooked gold exploration properties in Alaska's Eastern Interior. While with Kaminak, this team advanced the Coffee project in the Yukon from a grassroots discovery to a roughly 5-million-ounce gold mine project that Goldcorp Inc. acquired in 2017 for C$520 million. Cashing in on Coffee, several of the Kaminak executives moved...
A vital ingredient in stainless steel and superalloys, chromium is considered by the United States Geological Survey as "one of the Nation's most important strategic and critical materials." "Because there is no viable substitute for chromium in the production of stainless steel and because the United States has small chromium resources, there has been concern about domestic supply during every national military emergency since World War I," the USGS explains. Rich chromite...
In order to focus on its flagship Palmer project in Southeast Alaska and to realize greater value from its portfolio of gold properties, Constantine Metal Resources Ltd. spun its gold assets into a new exploration junior, HighGold Mining Inc. "Constantine will continue to create shareholder value by advancing the Palmer project and will allow shareholders to realize the value locked in the gold assets through their spinout into a separate entity," said Constantine Metal Resour... Full story
Emerging on Alaska's exploration scene in 2018, Tectonic Metals Inc. is a new junior mining company that applies a business-first strategy to managing the risks inherent to advancing grassroots gold discoveries to a multi-million-ounce gold reserve that global mining companies want to buy and the local people want to see developed into a mine. "Junior mining is 99 percent risk, the failure rate is huge, yet nobody has any protocols in place for managing the risks," Tectonic... Full story
A vital ingredient in stainless steel and superalloys, chromium is considered by the United States Geological Survey as "one of the nation's most important strategic and critical materials." "Because there is no viable substitute for chromium in the production of stainless steel and because the United States has small chromium resources, there has been concern about domestic supply during every national military emergency since World War I," the USGS explains. Rich chromite... Full story
Welcome to the 10th anniversary of Mining Explorers! While there have been tectonic shifts in the mineral exploration markets over the past decade, two things have remained rock solid – mining explorers continue to uncover the vast mineral resources across Alaska and Canada's North and North of 60 Mining News has been here to tell their story. With the price for an ounce of gold pushing above US$1,300 to ring in the new year – along with zinc and copper selling at mul... Full story
First Quantum Minerals Ltd. has agreed to invest US$2 million on a drill program aimed at further investigating the potential of Millrock Resources Inc.'s highly-prospective copper-gold project in western Alaska. The roughly 500,000-acre property extends about 75 miles from Stepovak Bay near the southwestern end of the Alaska Peninsula to a few miles north of Chignik Bay, one of the primary ports in the area. Millrock optioned the property in 2012 from Bristol Bay Native...
Since buying out its mining rival Inmet Mining Corp. in early 2013, First Quantum Minerals Ltd. has shown a keen interest in Alaska's copper potential. With seven mines in operation and five mineral projects under development, First Quantum is a growing, diversified miner with a particular focus on copper. Its operating mines and development projects are located in Africa, Australia, Finland, Spain, Turkey and Latin America. Yet the company has no foothold in North America....
Mining, by definition, is an environmentally invasive practice of digging holes in the earth to extract the minerals found therein. This reality, coupled with a historical legacy of leaving unsightly scars that ooze metal-laden acidic waters, has given the modern mining industry a figurative black eye. Champions of today's extraction sector, however, see the strategic resources that are critical to national security, a strong economy and the development of a green energy... Full story
DAWSON, Yukon - The 3rd Annual Dawson Rocks conference, an annual exposition for active mineral exploration projects in Yukon Territory, offered a sobering reminder of the power of the markets in the world of mining. Absent were the scores of juniors that packed much larger exhibition halls in 2010 and 2011 with enticing displays of samples, maps and drill core. This year a dozen exhibitors, ranging from part-time, grassroots prospectors to representatives of advanced exploration projects like Kaminak Gold Corp.'s Coffee...
David Mate, chief geologist for the Canada Nunavut Geoscience Office, is part of a team of scientists venturing this field season into relatively unknown territory. Mate refers to the Hall Peninsula where he will be working this summer as "white space" on modern geological maps. "This is very exciting for a geologist. It's also interesting because it's in my backyard," Mate told Mining News April 22. Nunavut is Canada's northernmost and least-explored territory. About 1 ½ times the size of Alaska it is generally regarded as...
Droves of exploration companies have rushed to Yukon Territory in recent years to hunt for sizable deposits of gold, silver, copper, rare earth elements and base metals. Employing the most advanced geophysical and geochemical techniques available, along with their best hunches, these explorers, like others around the globe, are pulling out all the stops to find commercial quantities of the minerals currently riding the winds of strong demand and high prices. But noticeably absent from the list of lucrative commodities being...
Frontrunners in the Yukon mineral exploration rush in 2011 spent more than C$12 million each, with at least one company pouring C$25 million into its program. These companies include Atac Resources Ltd., Kaminak Gold Corp., Capstone Mining Corp., Alexco Resource Corp., Golden Predator Corp., Ryan Gold Corp. and Silver Range Resources Ltd. At least another 14 companies shelled out more than C$5 million each to search for precious and base metals, using virtually every modern exploration technique from sampling to drilling.... Full story
As gold prices soared in 2011 along with demand for silver and base metals, droves of mineral explorers fanned out across remote areas of Yukon Territory, seeking lucrative hardrock deposits. Lured by news of recent gold discoveries in the White Gold district of the Dawson Range and the Carlin-type mineralization found in the Rackla Gold Belt to the east, the horde of juniors, along with the occasional major, turned up with a frenzy of new claim-staking that started early in the year. Many returned to projects they first... Full story
The Last Frontier, as Alaska has long been labeled, is as applicable a moniker today as it was to prospectors who ventured to the territory at the end of the 19th century. Alaska is considered one of the most mineralized provinces on Earth, but due to an inter-related combination of Arctic weather, rugged terrain, limited infrastructure and high exploration costs, the state's vast mineral potential remains at the edge of exploratory expansion. Though the Far North state...
As we near the end of September and the metals market remains robust, the mining industry is breathing a sigh of relief as we remember the market meltdown of early September 2008. Although nobody is suggesting that the larger economy is in any way out of the woods yet, the worldwide demand for metals and metal products continues to expand. For example, the gold price hit US$1,274.95 earlier this month, well above the previous record of US$1,261 hit on June 28. Some believe...
Now that the word is out about Atac Resources Ltd.'s impressive gold discoveries at the Rau Project in central Yukon Territory, the financial market is taking to the early-stage exploration effort with the enthusiasm of a bear in a beehive. Atac recently reported impressive results from drilling and prospecting the Osiris and Isis targets on the Sten claim block near the eastern edge of the 185-kilometer-, or 115-mile-long Rau Project. Meanwhile, investors have fueled a run-up in Atac's stock price to about $7 a share from...
I recently attended the Prospectors and Developers Association of Canada convention in Toronto where a buoyant, project-hungry crowd of 22,000 created enough of its own hot air to start the Greenland Icecap melting. In a clear case of anthropogenic global warming, representatives of companies, governments and agencies rolled out their projects in efforts to see and be seen. Alaska was well represented at the conference and should see some new investment interest coming from... Full story
Geologically, Alaska is a terrane wreck, with multiple tectonic plates dumping their mineral payloads over the landscape. Geologists are still sifting through the wreckage in many places across the state to determine which mineral deposits were dumped by which terranes and when - a task not always easily accomplished as pileups have resulted, in many cases, from multiple mineralization events happening in the same geographical regions over time. A terrane is a series of...
Advances in high technology, especially the recent drive to produce increasingly efficient hybrid automobiles, is spurring demand for rare earth elements and energizing a little-known mining sector with at least one known Alaska mineral deposit. Thanks to analysts touting the virtues of investing in rare earth mining, two companies, Commerce Resources Corp. and Rare Element Resources Ltd. listed on the Toronto Stock Exchange have seen gains in their stock price of 32 percent and 37 percent, respectively, this spring,...
