The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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There are signs of renewed life for the Niblack copper-gold-zinc-silver project on Prince of Wales Island in Southeast Alaska. Heatherdale Resources Ltd., the company that owns Niblack, advanced the potential underground mine nearly to the permitting stage but became hampered by financial liabilities. A deal announced on June 3 cleans up Heatherdale's balance sheet and puts Rob McLeod at the helm of the restructured company. According to a resource calculated in 2011, Niblack... Full story
White Gold Corp. is gearing up for another season of systematically advancing the dozens of exploration targets identified across its more than 1-million-acre (422,730 hectares) land package in Yukon's White Gold District. On May 15, the Yukon-focused gold exploration company announced that longtime strategic partners and new institutional investors are participating in a C$6 million financing that involves the issuance of 6.67 million flow-through shares at C90 cents each. Go...
Canada's provinces and territories have fallen from grace in the eyes of the global mining community, according to the latest rendition of Fraser Institute's Annual Survey of Mining Companies. For the first time in a decade, no Canadian jurisdiction ranks in the top 10 for "investment attractiveness" in the annual survey conducted by the Canadian public policy think-tank. This report asks industry professionals from around the globe to score mining jurisdictions based on their... Full story
White Gold Corp. Feb. 20 said drilling has extended VG, the main deposit on its recently acquired QV gold property in Yukon's White Gold District. Acquired by White Gold early last year, QV is located just across the Yukon River and north of the White Gold property. The previous owner, Comstock Metals Ltd., had outlined 4.4 million metric tons of inferred resource averaging 1.65 g/t (230,000 ounces) gold in the VG deposit. White Gold said the property has geologic...
After being stalled for decades, hardrock gold mine development in Yukon Territory appears to be picking up speed, as one company rockets toward full mine production by mid-2020, while at least two others report exciting new discoveries. The Yukon, legendary for producing millions of ounces of gold dating back nearly 125 years, is still one of the best places on Earth to find the precious metal. Yet few modern gold projects have managed to overcome the constraints imposed by...
White Gold Corp. Jan. 9 announced that rotary air blast (RAB) has confirmed robust bedrock gold mineralization at several targets beyond the high-grade Vertigo discovery on the road accessible JP Ross property about 60 kilometers (37 miles) southeast of Dawson City, Yukon. The company completed 1,644 meters of RAB drilling in 27 shallow holes that tested outlying prospective areas at Vertigo and several other nearby targets. The targets were generated from the company's...
With two Australian companies making major investments and several exploration companies from Down Under chomping at the bit to get into the field, 2020 is shaping up to be the best year for Alaska's mining sector in a decade. When you add up the investments South32 Ltd. plans to make in the Ambler Mining District and other exploration projects; Northern Star Resources Ltd.'s spending at the Pogo gold mine; and the exploration dollars at least five other Aussie companies are... Full story
White Gold Corp. Dec. 19 said its 2019 drilling at Vertigo has confirmed continuity of the high-grade, near surface, gold mineralization discovered at this target on the road-accessible JP Ross property in Yukon's White Gold District. The 2018 discovery hole at Vertigo cut 3.1 meters of 56.25 grams per metric ton gold from a depth of 3.1 meters, part of a 10.67-meter intercept averaging 17.34 g/t gold. Follow-up RAB and reverse circulation drilling during the 2018 season...
White Gold Corp. Nov. 26 announced high-grade gold intercepts from discovery drilling of the Titan target at the company's Hen property in Yukon's White Gold District. Situated less than 15 kilometers west of the Vertigo discovery on the JP property and 25 kilometers north of the Golden Saddle and Arc deposits on the White Gold property, Titan is a new discovery identified with soil sampling by White Gold. One sample from Titan returned 113 grams per metric ton gold, the...
As the year winds down, mineral industry evaluations for 2019 are being published at a rapid rate. One of the most interesting such global reviews is EY Global Mining and Metals' annual "risk radar" for mining and metals, outlining what mining companies perceive as the top ten risks facing them in the near future. This publication stated that, for the second straight year, "social license to operate" remains the number one risk facing mining companies in 2020. This was... Full story
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...
White Gold Corp. Oct. 24 reported that its regional exploration has encountered very high-grade gold in rock samples collected at Titan, a discovery on the Hen property and less than 15 kilometers (nine miles) northwest of the Vertigo discovery on the neighboring JP Ross property in Yukon's White Gold District. Titan was first identified with soil sampling by White Gold, including one sample that returned 113 grams per metric ton gold, the highest-grade of more than 400,000 so...
If you have watched the metals markets over the last month, you know why Alaska's mineral industry has surged, stalled, swerved, swooped, slowed, shelved and stuttered, sometimes all at the same time! Gold has gone above US$1,500 per ounce; copper pundits are predicting an increasingly dour future; zinc markets are looking to dive below $1.00 per pound; tin markets have marched strongly upward due to supply disruptions; and silver bulls are calling for annual worldwide... Full story
As the rest of the country suffers through the Dog Days of summer, Alaska is approaching the end of a topsy-turvy summer season that saw unseasonably hot, dry weather in some parts of the state during some parts of the summer, while other parts of the state have seen record rainfall and unseasonably early snowfall. Gold prices have skyrocketed over the $1,500 per ounce mark and silver prices have moved strongly up, now trading at a one-year high. However, copper and zinc are a... Full story
By 1898, the Klondike Gold Rush was beginning to wane and many of the roughly 100,000 people that trekked to the Yukon were seeking new regions to make their golden fortunes - moving in every direction at the merest mention of a new discovery. Many of these Klondike Gold Rushers headed west to the golden beaches of Nome whilst others would return south and discover the richest gold mining region of British Columbia, the Atlin District. Considered one of the most important... Full story
Yukon Territory, a mineral exploration frontrunner in Canada's North, is witnessing a significant slowdown in 2019. As a result, growth in Yukon's economy is expected to slow this year but rebound in 2020, according to The Conference Board of Canada. In its "Territorial Outlook Economic Forecast: Summer 2019," released in June, the board said new mines coming online in 2020 will drive Yukon's growth in the near future. Several factors, however, have converged to put the...
White Gold Corp. Aug. 8 reported that initial results from its 2019 drilling have identified at least six high-grade structures at Vertigo and encountered some of the best gold mineralization so far at the Golden Saddle deposit. This first phase of the company's 2019 diamond drill program in Yukon's White Gold District was designed to test the geometry of the Vertigo target and previously underexplored portions of the Golden Saddle deposit and surrounding area. So far, White...
Earlier this month Reuters reported that several agencies within the U.S. Federal government were "rapidly assessing" our domestic ability to mine and refine rare earth elements and utilize those 17 super cool elements in value-added products needed for a wide and ever-growing array of consumer and national defense products. Not surprisingly, mining industry officials demurred when quizzed about supplying information on where rare elements might be mined in the U.S. and how... Full story
When it comes to mineral exploration incentives, currency exchange and infrastructure, Alaska is at a disadvantage in the realm of attracting exploration investments from Canada and Australia, countries that are home to the majority of mining companies. The Far North State's vast and underexplored mineral potential, however, trumps these handicaps in the minds of a growing number of miners and mineral explorers. Mining executives from around the globe perennially rank Alaska... Full story
Though mineral exploration in Yukon Territory this year lagged the pace seen in 2018, mine development projects advanced at a steady clip in 2019, while several past-producing mines moved toward resuming output. Yukon ranked fourth in Canada for projected spending on mineral exploration and deposit evaluation for 2018, according to statistics distributed by Natural Resources Canada. Spending for mineral exploration and deposit evaluations totaled C$249.4 million, made up of C$... Full story
The two mega-mergers that hit the gold mining sector early in 2019 – Barrick Gold Corp. combining with Randgold Resources Ltd. and Newmont Mining Corp. acquiring Goldcorp Inc. – is forever changing the gold mining landscape around the world. While the two largest gold mining companies Newmont Goldcorp (No. 1) and Barrick (No. 2) are still in the process of shedding assets following the mega-mergers, it seems that Newmont Goldcorp will emerge with a much stronger foothold in... Full story
When Agnico Eagle Mines Ltd. established a foothold in Nunavut roughly a decade ago, the gold mining company saw the northern Canadian Territory as a politically attractive and stable jurisdiction with enormous geological potential. With two new gold mines established in Nunavut this year, this vision is being realized. "We see tremendous potential there and this is an inflection point and a turning point in the future of Agnico as we are opening up a brand-new area where we...
With diamond drills turning at three different properties in west-central Yukon this field season, along with rotary air blast drilling, soil sampling and other activities, White Gold Corp. is one of the busiest mineral explorers in the region, if not the entire territory. The Toronto-based junior, backed by partners Agnico Eagle Mines Ltd. and Kinross Gold Corp. – each owning 20 percent of the company – said it would spend C$13 million in 2019 exploring a huge land pac... Full story
Kinross Gold Corp. focuses its in-house exploration on high-quality brownfield projects and the discovery of new resources within the existing footprint of several of its mine properties, including extensions of known mineralization, as well as looking at other properties in surrounding districts. The Fort Knox Mine in Interior Alaska is an example of the Toronto-based gold miner's brownfield success. In its 23rd year of operation, this open-pit mine a few miles north of... 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
