The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 126 - 150 of 197
Trilogy Metals Inc. Nov. 19 reported additional copper-cobalt results from drilling beyond the deposit at Bornite, a part of the company's Upper Kobuk Mineral Projects in the Ambler Mining District of Northwest Alaska. According to a 2016 calculation, the open-pit deposit at Bornite contains 40.5 million metric tons of indicated resource averaging 1.02 percent (913 million pounds) copper; and 141.9 million metric tons of inferred resources averaging 1.74 percent (5.45 billion...
As Alaska's mining industry nears the end of another hectic year during which metals prices and investor sentiments rose and fell as precipitously as the world's major stock exchanges, the industry is naturally looking into its crystal ball trying to anticipate what the new year will bring. EY Global Mining and Metals does this sort of forecasting by putting out an annual "risk radar" for mining and metals. The idea is to find out what the industry perceives as the top ten...
Trilogy Metals Inc. Oct. 9 reported high-grade copper and cobalt assay results from four holes drilled outside of the resource area at the Bornite project, part of the company's Upper Kobuk Mineral Projects in the Ambler Mining District of Northwest Alaska. According to a 2016 calculation, the open-pit deposit at Bornite contains 40.5 million metric tons of indicated resource averaging 1.02 percent (913 million lb) copper; and 84.1 million metric tons of inferred resource...
Following a couple of quiet months where Alaska's mining industry focused on its work, the last month has seen an explosion of new info come out regarding that effort, some of it profound in its potential immediate, near-term and long-term implications. For example, one of Alaska's largest mines was sold to a new owner at a surprisingly low cost per ounce. The results of a robust new preliminary economic analysis were tabled by an advanced gold-silver exploration project...
A group of Alaskans led by renowned geologist Curt Freeman have created Valhalla Metals Inc., a private Alaska exploration company that has nabbed exciting volcanogenic massive sulfide projects that bookend the Ambler Mining District, one of the richest known undeveloped mineral regions on Earth. Anchored by the Arctic deposit on lands held by Trilogy Metals Inc., this region of Northwest Alaska is celebrated for a 70-mile- (110 kilometers) long belt of world-class VMS...
With initial results from the 2018 drilling at Bornite topping 5 percent copper, Trilogy Metals Inc. and South32 Ltd. have decided to extend this year's program at the Upper Kobuk Mineral Projects in the Ambler Mining District of Northwest Alaska. Trilogy has only received partial assay results from one hole drilled this year, but the results are impressive. This hole, RC18-0247, cut 16.4 meters grading 5.34 percent copper and 0.21 percent cobalt to the north of the...
UPPER KOBUK MINERAL PROJECTS: A two-hour flight northwest of Fairbanks, Alaska lies one of the richest known undeveloped mining districts on Earth. This claim is evidenced by the rich deposits of copper, zinc, lead, cobalt, gold and silver outcropping from the Brooks Range mountains where this district is found; the copper-rich ore extracted from an exploration shaft dug by Kennecott in the 1960s; and the copper and cobalt mineralization that is easy for a journalist to...
Trilogy Metals Inc. July 20 filed a technical report that includes the 77 million pounds of cobalt resource outlined so far at the Bornite project in Northwest Alaska. "Now that we have filed the new technical report for the Bornite project, the next step is to finish the metallurgical test work on the cobalt resources, which we expect to be completed by the end of the year," said Trilogy Metals President and CEO Rick Van Nieuwenhuyse. In total, Bornite is estimated to host...
The summer field season is in full bloom across Alaska with programs stretching from the Brooks Range to southeastern Alaska, and from the Yukon border to southwestern Alaska. Exploration targets range from grassroots to mine-site, focused on commodities including gold, silver, lead, zinc, copper, cobalt and graphite. For Alaska's exploration industry, planned, announced and estimated expenditures are well over the $100 million mark for 2018. This expenditure level is well...
The Bornite deposit at Trilogy Metal Inc.'s Upper Kobuk Mineral Projects in Northwest Alaska contains 77 million pounds of cobalt, according to a maiden resource estimate published by the company on June 5. This significant cobalt resource, among the largest in North America, is a by-product to the roughly 6.4 billion lb of copper that has been outlined so far at this world-class deposit in the Ambler Mining District. Trilogy Metals anticipates that a US$10 million...
Trilogy Metals Inc. May 28 said it is gearing up for another busy field season at its Upper Kobuk Mineral Projects in the Ambler Mining District of Northwest Alaska. The US$16.7 million of work programs budgeted for UKMP in 2018 will focus on gathering the data to advance the Arctic project towards feasibility and permitting, as well as drilling to expand and upgrade the large copper resource at Bornite. As crews continue to advance these large and high-grade metals deposits,...
One of the most common complaints I hear from companies and individuals working in the mineral industry in Alaska is our deplorable lack of modern, usable-scale digital geophysical and geologic maps. How bad is it? Consider this: the U.S. Geological Survey has estimated that less than 2 percent of Alaska has acceptable geophysical data coverage, and less than 20 percent has been geologically mapped at a scale useful to evaluate the state's mineral resources. Nobody will deny...
Cobalt is an essential ingredient to optimizing the performance of batteries in the growing number of electric vehicles on global highways, yet essentially none of this battery metal is mined in the United States. With at least one advanced stage exploration project in Alaska looking into the potential of producing cobalt alongside its copper, America's 49th State could provide a domestic source for this critical metal. In its annual report, Mineral Commodity Summaries 2018,...
The surge in production of electric vehicles, and the batteries that power them, is driving the price of cobalt higher. A key ingredient in the cathodes of the batteries powering the growing number of EVs on the road today, cobalt has rocketed from around US$25 per pound a year ago to more than US$40/lb in recent weeks. This higher price, however, has electric carmakers looking for alternative recipes for rechargeable battery cathodes that use less cobalt yet delivers similar...
Constantine Metal Resources Ltd. May 1 said it intends to raise C$10 million through a non-brokered private placement that will include a major strategic investment from Electrum Strategic Opportunities Fund II L.P., an investment fund managed by The Electrum Group LLC. Altius Minerals Corp. and John Tognetti, a major shareholder and Constantine Metal insider, are also slated to participate in the financing. "We welcome the Electrum 'family' as a major shareholder, who we...
Trilogy Metals Inc. May 3 said it has begun work to estimate a cobalt resource for its Bornite project in the Ambler Mining District of Northwest Alaska. Cobalt, an important ingredient in the electrodes of rechargeable batteries, is on the U.S. Department of Interior's draft list of 35 minerals considered critical to the economic and national security of the United States. In addition to the 2.7 billion pounds of copper in an open-pit resource averaging roughly 1 percent...
A US$28.7 million financing that closed today provides Trilogy Metals Inc.the funds to take major strides in achieving its goal of beginning to develop the vast mineral potential that the world-class Ambler Mining District in Northwest Alaska has to offer. In a deal announced on April 16, a syndicate of underwriters led by Cantor Fitzgerald Canada Corp. –including Cormark Securities Inc., BMO Capital Markets and Roth Capital Partners – has agreed to buy on a bought deal, und...
Governments around the world are collaborating to focus on addressing Climate Change and Global Warming. The Paris Climate Accord adopted numerous measures to "limit a global temperature rise this century below 2 degrees Celsius above pre-industrial levels". Although there are many things that can be done to address climate change, the most meaningful and obvious is to use cleaner forms of energy and transportation. Alaska has shown the world how energy resources can be...
Born from an idea to create a vehicle that could provide Alaska businesses lower interest rates offered by tax-exempt financing, the Alaska Industrial Development and Export Authority, or AIDEA, has been doing its part to create jobs and bolster Alaska's economy for five decades. "Fifty years ago, the Alaska State Legislature created the Alaska Industrial Development and Export Authority, to develop, encourage, and improve the economic potential and welfare of the people of...
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...
Since investing roughly US$70 million to acquire a 28 percent stake in Novagold Resources Inc. in 2009, American billionaire Thomas Kaplan and his Electrum Group of companies have taken a keen interest in some of the more intriguing mineral exploration companies and projects in Alaska and across Canada's North. Kaplan, an Oxford-educated historian that began investing in natural resources in the 1980s, knows that gold has served as a currency throughout mankind's written histo...
Thanks to its own rich mineral endowment, Australia is a juggernaut in the world of mining, especially across the Southern Hemisphere. Over the past couple of years, however, a growing number of Aussie mining companies are looking north to Alaska, another minerals-rich land way north of the Equator. At least four Aussie juniors – White Rock Minerals Ltd., PolarX Ltd., Nova Minerals Ltd. and Riversgold Ltd. – and three Australia-based metals producers – South32 Ltd., North...
Thanks largely to increased investments from Aussie mining explorers, mineral exploration spending across Alaska topped US$100 million in 2018. This is well above the roughly US$95 million invested last year and nearly double the US$58 million spent at the bottom of the market in 2015. "Canadian and Australian companies continue to be the source for the bulk of funds spent in Alaska in 2018, together comprising well over 80 percent of the exploration expenditures earmarked...
With US$17.5 million invested into the Upper Kobuk Mineral Projects (UKMP) in 2018, Trilogy Metals Inc. took major strides in achieving its goal of beginning to develop the vast mineral potential that the world-class Ambler Mining District in Northwest Alaska has to offer. Arctic and Bornite, the two most advanced deposits at UKMP, host roughly 8.9 billion pounds of copper, 3.6 billion lb of zinc, 626 million lb of lead, 77 million lb of cobalt, 770,000 ounces of gold and...
Spun out of BHP Billiton in 2015, South32 Ltd. burst onto the mining scene with a portfolio of high-quality assets producing aluminum, coal, manganese, nickel, silver, lead and zinc. This Australia-based miner went into business as the world's largest producer of manganese ore and owner of the world's largest silver mine. The company's impressive portfolio also boasts two aluminum smelters and one of the world's leading ferronickel operations. With mines and smelters in...
