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 797
Northern Dynasty receives final installment of second $12M tranche, supporting advancement of the Pebble project amidst legal challenges. Northern Dynasty Minerals Ltd. July 25 announced the receipt of a remaining $10 million payment, completing the second tranche of a $60 million royalty agreement to support the advancement of the Pebble project in Southwest Alaska. Toward the end of July 2022, Northern Dynasty was pleasantly surprised by a $60 million investment from an unna...
Northern Star's Alaska mine outperforms on all fronts. Northern Star Resources Ltd. July 25 reported that its Pogo Mine in Alaska produced a record 92,078 ounces of gold during the second quarter of calendar year 2024, a 13% increase over the 81,322 oz produced during the same period last year and an enormous 58% climb from the 58,432 oz recovered during the previous quarter. "Pogo in Alaska delivered an exceptional quarter," Northern Star Managing Director and CEO Stuart...
Northwest Alaska mine heads into second half of the year on track to hit Teck's upper guidance for zinc and lead. Teck Resources Ltd. July 23 reported that its Red Dog mine in Northwest Alaska produced 284,700 metric tons (627.6 million pounds) of zinc and 54,300 metric tons (119.7million lb) of lead over the first six months of 2024, which puts the Northwest Alaska operation on pace to hit the upper end of the metals production guidance established by Teck in February....
Freegold cuts strong gold mineralization in first 2024 holes drilled west of Dolphin-Cleary deposit. Freegold Ventures Ltd. July 22 reported bonanza-grade gold intercepts in the first two holes of a 2024 drill program testing a large expansion area west of the 20-million-ounce Dolphin-Cleary gold deposit at its Golden Summit project about 25 miles north of Fairbanks, Alaska. According to an early 2023 calculation, the Dolphin-Cleary deposit hosts 407.54 million metric tons of...
After outlining 8 billion lb of nickel at Eureka, Alaska Energy Metals tests higher-grade targets at Canwell. Alaska Energy Metals Corp. July 16 announced that drills are testing three targets on the Canwell block of claims at its Nikolai project, where a combination of geology, geochemistry, and geophysics have identified compelling potential for bodies of nickel-rich massive sulfide mineralization. Nikolai is comprised of two blocks of claims – Eureka and Canwell – that eac...
A Yukon First Nation's call for a mining pause, however, could impact Keno Hill silver output. Hecla Mining Company July 10 reported that continued improvements in performance at its Keno Hill mine in the Yukon has the Idaho-based mining company on pace to produce 17 million ounces of silver in 2024. During the first six months of this year, Hecla's operations produced 8.7 million oz of silver, which is 10% higher than the 7.9 million oz produced at the midpoint of 2023. They...
Unique mining company adds new high-quality Alaska asset to portfolio just two days after its transition to gold producer. Contango ORE Inc. July 10 announced the completion of its acquisition of HighGold Mining Inc., a junior mineral exploration company that comes with the 1-million-ounce Johnson Tract gold project in Southcentral Alaska. "(W)e believe the combination of HighGold and Contango makes a tremendous amount of strategic sense," Contango ORE President and CEO Rick...
Summer program focused on collecting the final data needed to complete a feasibility for developing a mine at the western Alaska project. Graphite One Inc. June 26 announced the start of a 2024 exploration program focused on collecting the final data needed to complete a feasibility study for developing a mine at its world-class Graphite Creek project in western Alaska. "The 2024 field program is a key milestone for our stakeholders as we advance our feasibility study with a...
Alaska Peninsula and Iliamna claim that federal agency's Pebble veto is illegal and costing them enormous economic opportunity. Alaska Peninsula Corp. and Iliamna Natives Ltd. June 24 filed a lawsuit against the Environmental Protection Agency that alleges the federal agency's veto to "kill a mining project in Bristol Bay at the Pebble deposit, which is the largest gold- and copper-ore deposit in the world" will cost these two Alaska Native corporations "hundreds of millions...
Infrared and hyperspectral survey will provide a clearer picture of the scope of early-stage target at Boulder Creek. Panther Minerals Inc. July 3 announced plans to carry out a long-wave infrared survey and interpretation of hyperspectral satellite imagery over the northern portion of the Boulder Creek uranium property in Alaska. Located roughly 100 miles northeast of the Gold Rush town of Nome and about 30 miles north of the village of Elim, the 22,400-acre Boulder Creek...
Multi-year program continues to extend high-grade gold zones and discover new mineralization at the Southeast Alaska mine. Coeur Mining Inc. June 27 reported that its multi-year exploration program at Kensington continues to deliver wide drill intercepts with high-grade gold at this mining operation in Southeast Alaska. In mid-2022, Coeur launched a roughly $80 million exploration program at Kensington focused on extending the life of this high-grade underground mine beyond...
Newest gold deposit in the Fairbanks Mining District hosts nearly half a million oz of the precious metal; newly opened claims unlock growth potential. Felix Gold Ltd. June 20 announced that it has outlined 467,000 ounces of gold in an inaugural resource for the NW Array deposit on the company's Treasure Creek project about 12 miles north of Fairbanks, Alaska. "We are delighted to announce this maiden inferred mineral resource at NW Array, which represents a significant...
Aggressive step-outs aim to confirm continuous CRD zone between past producing gold mine and high-grade silver-zinc-lead deposit. Western Alaska Minerals Corp. June 18 reported that it has already nearly completed the first hole of an initial 4,000-meter drill program focused on demonstrating that the high-grade silver-zinc-lead mineralization outlined at the Waterpump Creek carbonate replacement deposit (CRD) extends more than 3.5 miles (six kilometers) to the past producing...
American Pacific, Dowa begin 2024 program at copper-rich VMS project in Southeast Alaska. American Pacific Mining Corp. June 18 reported that it has launched a 5,100-meter drill program focused on upgrading and expanding the high-grade copper-zinc-silver-gold mineralization at its Palmer volcanogenic massive sulfide (VMS) project in Southeast Alaska. "We are excited to begin this year's drill program at Palmer," said American Pacific CEO Warwick Smith. "In a world that is...
Grande Portage compiles three years of exploration to expand resources by 20% gold, 30% silver. Grande Portage Resources Ltd. June 12 announced an updated NI 43-101-compliant mineral resource estimate for the company's Herbert Gold project in Southeast Alaska. Located 16 miles (25 kilometers) north of Juneau, the Herbert Gold project is an exploration stage, high-grade, gold-mineralized mesothermal quartz vein system in the historic Juneau Gold Belt. Consisting of several...
Identifies resource expansion and exploration targets at Tintina Gold Belt project. Discovery Alaska Ltd. June 13 announced that its initial evaluation of data from historical exploration at Vinasale has identified resource expansion at the 2-million-ounce \gold project in Alaska. Lying about 16 miles south of the Southwest Alaska mining town of McGrath, Vinasale is a roughly 6,500-acre project owned by Doyon Ltd., an Alaska Native Claims Settlement Act (ANCSA) regional...
Exercises option on high-grade copper property, consolidates ownership of larger Alaska Range project. PolarX Ltd. June 12 announced that it has exercised an option to secure an 80% interest in the Caribou Dome property and a 90% interest in the adjacent Senator property, both part of the company's 103-square-mile (266 square kilometers) Alaska Range copper-gold-silver project. Lying just north of the Denali Highway about 160 miles (250 kilometers) northeast of Anchorage, the...
Chair Catherine Boggs will fill vacancy as company seeks new executive for largest silver producer in the U.S. After nearly 23 years serving as president and CEO of Hecla Mining Company, Phillips Baker Jr. suddenly stepped down as the top executive of the silver-focused mining company with operations in Alaska, Idaho, Quebec, and Yukon. "I would like to thank Phil for his years of service and valued contributions to Hecla and the silver industry overall," said Hecla Chair...
This year's drilling will test high-grade CRD silver-zinc-lead resource expansion targets extending southwest from Waterpump Creek. Western Alaska Minerals Corp. May 30 announced that crews have arrived at the Illinois Creek camp in preparation for a drill program focused on expanding the high-grade Waterpump Creek silver-zinc-lead deposit into a much larger carbonate replacement deposit (CRD) mineralized system that extends more than 3.5 miles (six kilometers) to the past...
With $10 million in the bank, company will focus its 2024 drilling on expanding and upgrading copper-gold resources at the Alaska project. U.S. GoldMining Inc. May 22 reported that its upcoming drill program at Whistler will focus on resource upgrade and expansion drilling at the Whistler and Raintree deposits on this porphyry copper-gold project about 105 miles northwest of Anchorage, Alaska. "We are excited to commence our 2024 exploration program at the Whistler...
Agrees to sell Golden Zone, Amanita projects for up to $3.4 million in cash and Contango Ore shares. Avidian Gold Corp. May 2 announced that it has entered into a binding agreement to sell its Alaskan subsidiary, Avidian Gold Alaska Inc., to Contango ORE Inc. for US$2.4 million (C$3.3 million), plus a potential future payment of US$1 million (C$1.4 million) if Contango takes either of Avidian's Alaska assets to a production decision. "This transaction is a win-win,...
Secures right to explore prospective gold expansion targets to the west of pending NW Array resource. Felix Gold Ltd. May 16 announced that it now has the ability to explore expansion targets adjacent to the Northwest Array (NW Array) gold target on its Treasure Creek project about 12 miles north of Fairbanks, Alaska. Felix began assembling a large land package covering gold prospects in the Fairbanks Mining District during 2020. A compilation of historical data and...
Northern Star drills high-grade gold in East Deep deposit at SE end of underground development. Northern Star Resources Ltd. May 2 reported a slight drop in gold reserves and resources at its Pogo mine in Alaska. According to the new calculation, Pogo hosts 9.99 million metric tons of indicated resource averaging 9.8 grams per metric ton (3.14 million ounces) gold and 10.5 million metric tons of inferred resource averaging 10.5 g/t (3.43 million oz) gold. This overall mineral...
Northwest Alaska mine produces 319.7 million lb of zinc during the first three months of the year. Teck Resources Ltd. April 25 reported that its Red Dog mine produced 145,000 metric tons (319.7 million pounds) of zinc and 25,400 metric tons (55.8 million lb) of lead during the first quarter, which puts the Northwest Alaska operation on pace to come in at the upper end of the company's annual production projections for both metals. Red Dog's first-quarter zinc output is about...
Less ore through the mill and lower grades impact production; Manh Choh remains on track for Q3. Kinross Gold Corp. May 7 reported that its Fort Knox Mine in Alaska produced 53,350 ounces of gold during the first quarter of 2024, which is a 37% drop from the 84,215 oz produced during the previous three-month period and 18% lower than the 65,387 oz produced during the first quarter of 2023. Due to the effects of cold weather on recoveries from the heap leach pad, a drop in...
