Trilogy Metals’ interim president and CEO, Senator Lisa Murkowski, and Senator Dan Sullivan commented on the public release of the Final Environmental Impact Statement by the US Bureau of Land Management for the Ambler Mining District Industrial Access Project. The Alaska Industrial Development and Export Authority estimates the Ambler road project would create an estimated 486 construction and 68 permanent jobs, with more jobs created and supported by world-class mining projects in the Ambler district.
In Alaska, as well as much of the rest of the world, gravel and sand go hand-in-hand with development. Aggregate is present in roads, landscaping, buildings, and nearly every other construction project.
Over millions of years, the Tintina Fault has moved gold-bearing rocks from Canada into Interior Alaska. The Yukon River, as it enters Alaska, somewhat follows the trace of the Tintina Fault.
Initial drilling at Millrock Resources’ Aurora target on the West Pogo Block of the 64North Gold Project is scheduled to begin in early March 2020. The camp and drill rig are presently being mobilized to the Aurora target, located to the immediate west of the Pogo Gold Mine operated by Northern Star. Earn-in partner, Resolution Minerals is funding the work.
Hecla Reports 22 Percent Higher Silver, 4 Percent Higher Gold Production, Lower Debt, Growing Cash Balances
At the Greens Creek mine in 2019, 9.9 million ounces of silver and 56,624 ounces of gold were produced. For the fourth quarter, 2.7 million ounces of silver and 15,356 ounces of gold were produced. Silver production for 2019 was the highest it has been since Hecla acquired 100 percent ownership of the mine in 2008.
South32 Limited and Trilogy Metals announced that South32 has exercised its option to acquire a 50 percent interest in a joint venture company that will own the Upper Kobuk Mineral Projects.