Kensington Exploration Delivers High Grades and Vein Continuity
Coeur Alaska reports high grade results from drilling at its Kensington underground gold mine north of Juneau and continuity across veins at the Elmira expansion.
Coeur Alaska reports high grade results from drilling at its Kensington underground gold mine north of Juneau and continuity across veins at the Elmira expansion.
Gold production has commenced at Manh Choh, Alaska’s newest major mine. Review the history of the Kinross-Contango ORE joint venture and the impact the project is having on the Interior.
Avidian Gold is selling its Alaska subsidiary to Contango ORE, the company involved in developing the Manh Choh mine. The $2.4 million deal covers two Interior prospects.
The everlasting luster that made the metals precious throughout history is also appealing to present-day traders looking for a solid form of wealth.
Coeur Mining expects to invest approximately 60 percent of its total 2023 exploration investment of $40 to $50 million in Kensington underground gold mine in Alaska and the Silvertip polymetallic exploration project in British Columbia.
Operations have started at the Manh Choh gold mine near Tok, but the production phase is a year away, pending modifications to the mill at the Fort Knox mine near Fairbanks.
The developer of the Manh Choh gold mine near Tok is moving ahead with financing, selecting ING CAPITAL and Macquarie to arrange a $70 million loan for this year’s pre-production construction.
The Alaska Department of Labor and Workforce Development is providing a $300,000 grant to UAF for training workers from the Tok area for the Manh Choh gold mine.
The 2020 exploration program at Kensington built on the success of the 2019 drilling campaign, aiming to add higher-grade resources near existing mine infrastructure with the ultimate goal of extending Kensington’s mine life with new reserves.
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.