Alaska exploration trends north … slowly – north of 60 mining news

The 2018 program cut high-grade VMS mineralization at both deposits, such as 3.45 meters averaging 15.1 percent zinc, 6.7 percent lead, 518 g/t silver, 2.1 g/t gold and 0.2 percent copper, or 35.2 percent zinc-equivalent in hole WT18-28 at WTF; and 4.8 percent zinc, 2.3 percent lead, 1,435 g/t (46.1 oz/t) silver, 2.2 g/t gold and 0.5 percent copper, or 43.2 percent zinc-equivalent in hole DC18-77 at Dry Creek.

"I have personally been involved with these projects since 1997, when I was part of the team that discovered outcropping high-grade gold mineralization at Quicksilver," he said. "In that time, Donlin Creek (Donlin Gold) has grown from a potential 2 million-ounce prospect to a 45 million-ounce world-class gold project, highlighting the significant potential of this region."

According to an NI 43-101-compliant resource calculated for Valhalla in August, Sun contains 1.71 million metric tons of indicated resource averaging 4.32 percent (163 million pounds) zinc, 1.48 percent (55.8 million lb) copper, 1.11 percent (42 million lb) lead, 60 g/t (3.3 million oz) silver and 0.21 g/t (12,000 oz) gold; plus 9.02 million metric tons of inferred resource averaging 4.18 percent (831.3 million lb) zinc, 1.21 percent (239.6 million lb) copper, 1.46 percent (290.3 million lb) lead, 81.7 g/t (22.7 million oz) silver and 0.25 g/t (73,000 oz) gold.

"Exploration thus far on the Canadian side of the border seems to indicate that there is an extensive orogenic style mineralized gold system in the range. The McArthur Creek project represents a large, prospective district scale opportunity in an area that has seen limited exploration to date," said K2 Gold Vice President of Exploration Jo Price.

About 25 miles north of McArthur Creek, Kenorland Minerals is exploring Tanacross, a project that hosts numerous porphyry copper targets. The most advanced of these, Taurus, hosts 68.3 million metric tons of inferred resource averaging 0.275 percent copper, 0.032 percent molybdenum and 0.166 g/t gold, according to a calculation completed in 2011.

"Gilmore is the toehold that allows us to explore the full potential of this property," Kinross COO Lauren Roberts told the crowd gathered at Fort Knox for the Aug. 15 ceremonial groundbreaking for Gilmore. "We needed a decade to give us more time to look through the analysis to see what we can do with this going forward and we plan to be here for many years to come."

"These results confirm that a premium-quality barite concentrate can be produced from the copper-zinc ores at Palmer, and that it can be achieved by the addition of simple steps to mineral processing," said Constantine Metal Resources President and CEO Garfield MacVeigh. "This may have very positive implications with the potential to both enrich gross metal value per tonne (metric ton) and provide significant environmental and operational benefits by reducing waste."

Agnico Eagle Mines Ltd., a newcomer to that part of Alaska, has staked a large land package known as Helm Bay over a region a few miles north of Ketchikan that produced high-grade gold from small underground mines around the turn of the 20th Century. This year, Agnico is carrying out mapping, sampling and geophysics in order to define drill targets for 2019.