The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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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,...
Broken conveyor belt slows mill throughput. Northern Star Resources Ltd. April 23 reported that its Pogo Mine in Alaska produced 58,432 ounces of gold during the first three months of 2024, which is about 17% higher than the 49,799 oz recovered during the same period of 2023 but down about 12% from the 66,655 oz produced during the previous quarter. Reduced mill throughput due to a damaged conveyor belt was the primary reason for lower gold production compared to the previous...
Alaska Gov. Mike Dunleavy and Yukon Premier Ranj Pillai discuss the roles they can play to uplift northern neighbor jurisdictions. ANCHORAGE, Alaska: With an air of joviality and high rapport, Alaska Gov. Mike Dunleavy and Yukon Premier Ranj Pillai participated in a plenary discussion hosted during the 2024 Arctic Encounter Symposium to converse on the potential for closer partnerships and improving the cross-border relationship that has existed between northern neighbors Alas...
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...
"What happens to our communities and Tribal members if a road is not built, and no jobs or opportunity exists for our children and future generations?" Trilogy Metals Inc. March 26 announced that yet another rural Alaska Native community has passed a resolution in support of the Ambler Access Project – a proposed 211-mile, industrial-use-only road that would connect the mineral-rich Ambler Mining District in Northwest Alaska to the Dalton Highway and global markets. Hughes Vil...
Tribal council unanimously passes resolution in support of the Ambler Access Project. Trilogy Metals Inc. March 21 announced that the Ruby Tribal Council has passed a resolution in support of the Ambler Access Project – a proposed 211-mile, industrial-use-only road that would connect the mineral-rich Ambler Mining District in Northwest Alaska to the Dalton Highway and global markets. Ruby is an Alaska Native community that lies about 150 miles south of the Ambler Mining D...
Stoney area sampling discovers two new prospects. Nova Minerals Ltd. Feb. 26 announced that the property-wide sampling and mapping program carried out last year at Estelle has discovered another area of high-grade gold and antimony mineralization on the company's 198-square-mile (513 square kilometers) property in Alaska. According to an early 2023 resource calculation, Estelle hosts 1.1 billion metric tons of global resources averaging 0.3 grams per metric ton (9.9 million ou...
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...
MobileMT EM survey lights up several untested VMS and porphyry targets at Johnson Tract. HighGold Mining Inc. Feb. 28 reported that a property-wide electromagnetic (EM) and magnetic geophysical survey has outlined a 7.5-mile- (12 kilometers) long corridor of gold-rich volcanogenic massive sulfide (VMS) targets at Johnson Tract that are similar to the JT Deposit and Ellis Zone found along this trend, along with two significant porphyry-style copper-gold targets alongside the...
Gold explorer's expanded C$10 million financing will fund ongoing resource expansion and exploration at Golden Summit. Freegold Venture Ltd. March 8 announced plans to raise C$10 million (US$7.4 million) to continue exploration at its 20-million-ounce Golden Summit gold project about 25 miles north of Fairbanks, Alaska. The financing is double what was originally proposed, thanks to strong interest from investors. The Dolphin-Cleary deposit at Golden Summit hosts 407.5...
American Pacific Mining outlines plans to test copper-rich resource expansion targets during 2024 drilling at high-grade project in SE Alaska. American Pacific Mining Corp. March 25 outlined plans for a US$12.8 million resource expansion exploration program this year at the high-grade Palmer volcanogenic massive sulfide (VMS) project in Southeast Alaska. Being advanced under a joint venture between American Pacific and Dowa Metals & Mining Company Ltd., Palmer hosts 4.68...
Hecla's Yukon mine hosts enough high-grade reserves for 11 years of mining; drilling shows promise for near-future growth. Hecla Mining Company March 28 filed a technical report outlining 55 million ounces of silver reserves for its Keno Hill mine in Canada's Yukon. This marks a 45% increase in reserves since gaining ownership of the historic silver property through the acquisition of Alexco Resource Corp. toward the end of 2022. Calculated at a price of $17 per ounce of silve...
Kenorland to focus on Taurus South, an intriguing porphyry copper target that has yet to be drilled. Kenorland Minerals Ltd. March 28 announced that Antofagasta PLC has terminated its option to earn up to a joint venture interest in Tanacross, a 114,100-acre porphyry copper-gold exploration project that lies along Alaska's eastern border with Yukon. In 2022, Antofagasta entered into an agreement to earn up to a 70% JV interest in Tanacross by paying Kenorland an initial US$1...
Drilling will test for shallower and higher-grade mineralization west of 20-million-oz deposit in preparation for Golden Summit economic study. Freegold Ventures Ltd. April 10 announced that it is ready to begin a 2024 exploration program at Golden Summit that will include drilling, metallurgical testing, and other work ahead of completing an economic study for the 20-million-ounce gold project about 25 highway miles north of Fairbanks, Alaska. According to a resource calculat...
With metallurgical tests returning an average of 90% gold recoveries, Felix looks ahead to first resource calculation for emerging gold deposit. Felix Gold Ltd. April 10 reported that recent metallurgical test work returned strong gold recoveries for the oxidized material within the Northwest Array (NW Array) target at Treasure Creek, which lays the groundwork for calculating a maiden resource for this gold-antimony project about 12 miles west of Kinross Gold Corp.'s Fort...
Company tracks toward 17 million oz of silver in 2024 as the clean energy transition powers large increases in demand for precious industrial metal. With increased output at its mines in Alaska, Idaho, and Yukon, Hecla Mining Company produced 4.2 million ounces of silver during the first three months of 2024, a 43% jump over the 3.3 million oz produced during the previous quarter. "The 43% increase in silver production reflects the consistent, strong performance from Greens...
EPA's blockage of Pebble permits prevents USACE from making any changes; Northern Dynasty says this strengthens its lawsuit challenging EPA veto. Northern Dynasty Minerals Ltd. April 16 announced that after months of successive delays, the U.S. Army Corps of Engineers has ultimately declined to further engage in the remand process related to the denial of permits in 2020, citing issues related to the Environmental Protection Agency's veto of development at Pebble as the...
Australian junior calculates SK-1300 gold resource for Estelle; files for public offering and US listing. Nova Minerals Ltd. April 16 reported the calculation of a resource estimate for its Estelle gold project in Alaska that is compliant with the U.S. Securities and Exchange Commission's (SEC) S-K 1300 reporting guidelines. Nova's securities are currently primarily listed on the Australian Stock Exchange (ASX). Looking for greater exposure to North American capital for its...
Wide gold intercepts cut in the final two holes lay groundwork for 2024 drilling; a new resource is now being calculated for 20-million-oz gold deposit. Freegold Ventures Ltd. April 17 reported that the final two holes of its 2023 drill program cut wide sections of gold mineralization in the western expansion area of the 20-million-ounce Dolphin-Cleary gold deposit on its Golden Summit project about 25 miles north of Fairbanks, Alaska. According to an early 2023 calculation,...
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...
Plans to carry out drilling to expand high-grade gold resource; primary focus remains on NW Array gold. Felix Gold Ltd. March 15 announced that it is taking a fresh look at a potential pathway to establishing a mine at the historical Grant gold mine a few miles northwest of Fairbanks, Alaska. A high-grade deposit was discovered at Grant in 1926 and small-scale mining was carried out there until 1942. Interest in the high-grade gold deposit was renewed in the 1970s and mining...
Zinc production is expected to trend downward as ore grades decline over the coming four years. Teck Resources Ltd. Feb. 21 reported that its Red Dog Mine in Northwest Alaska produced 1.19 billion pounds of zinc in 2023 and forecasts similar output this year. Starting in 2025, however, zinc production from this operation, which accounts for more than 4% of the world's supply of this galvanizing metal, is expected to begin dwindling. The company attributes the coming decrease i...
7 exploration returned mixed results for the Kensington Mine in Alaska, Silvertip project in BC. Coeur Mining Inc. Feb. 20 reported a slight drop in reserves but a significant rise in the amount of gold, silver, zinc, and lead reporting to resources across its four operating mines and two advanced exploration projects. This includes modest resource growth at its Silvertip silver-zinc-lead project in Northern British Columbia and a slight drop of gold in resources at its...
