Alaska Miner Journal, March 2025

THE ALASKA MINER JOURNAL: The publication is member-only news mailed to AMA members, eight times a year, in months when the Magazine is not published. The Alaska Miner Journal is dedicated to those who work in and support the mining industry in Alaska, its commitment to the people, and the resources of our state. Our goal is to disseminate information on responsible mineral development, educating the public about the value of mining, providing information for our membership and the general public, providing policymakers the information they need to understand the mining industry and monitor political and regulatory processes affecting mining in Alaska.

March 2025 Volume 53, Number 3

Journal of the Alaska Miners Association Juneau Mining Forum a success!

INSIDE: Alaska’s mines celebrate International Women’s Day

2

March 2025 I The Alaska Miner I www.alaskaminers.org

A Message from the Executive Director

Dear AMA Members and Friends, Welcome to another spring season — and what a few months it has been! As many of you have experienced, it has been an incredible whirlwind of activity and great events for us to start off another busy year for the Alaska Miners Association. We recently spent time in Juneau on your behalf, highlighted by our third annual Juneau Mining Forum, again cosponsored with our partner Alaska Metal Mines. In this edition of the Journal, you will see our exceptional Alaska mines and miners at work, advocating for our current and future way of life. The Juneau Mining Forum has given us a chance to bring Alaska mining to the forefront with our elected representatives in the Legislature as well as the hard- working men and women who help define our vital industry. On Pages 14-18 you will see photos of the great lineup of speakers who attended and helped to shine the spotlight on varying aspects of what makes Alaska mining great. We can’t thank our panelists and attendees enough for helping us spread our message! We’re already looking forward to next year’s event and the time we can share together. AMA also has been hard at work, advocating and representing Alaska mining at other notable events. On Page 4, you will see our President Lorali Simon, of Usibelli Coal Mine, who recently chaired the Miami Coal Forum as part of a panel on regulatory and legislative affairs. It’s always amazing to see Alaska mining’s impact shared in venues that bring together a number of varied and shared stakeholders. Lorali did a great job of sharing AMA’s message and there was consensus that coal mining, including on federal lands, is critical to U.S. national and economic security. Thank you, Lorali, and Usibelli for all that you do for Alaska coal mining! It’s a great time to share the impact women have and will continue to have on the mining industry. On Pages 6-7, you will see a recap of celebrations for International Women’s Day. AMA is proud to say thank you to all the women in mining for their dedication and leadership. Each of you inspire us every day and it’s a privilege to highlight your achievements! Looking ahead, AMA is proud to again partner with 15

other organizations for the Alaska on the Hill event in April in Washington, D.C.! The event will be held April 29-30 and will include industry briefings, a Congressional Roundtable with members of Congress from committees of jurisdiction affecting Alaska resource industries and then Capitol Hill visits. It’s important for AMA and our partners to continue to spread the good word about Alaska mining at the federal level, and we’re looking forward to sharing your stories! Lastly, I would like to highlight the news of Alaska mining icon Roger Burggraf and his recent donation of his personal gold collection to the UA Museum of the North. The collection will span his 50-plus-year career of mining, and the museum will construct an exhibit to feature the gold and educate on the history of gold mining in Alaska. A fundraising effort is underway to support the exhibit construction and design, maintenance and development of educational content, and many AMA members have already donated to this amazing endeavor! We will have more details in the spring Miner magazine and we look forward to futher honoring Roger and his amazing contributions.

Deantha Skibinski, Executive Director

Executive Board Lorali Simon, President Dave Larimer, First Vice President Houston Morris, Second Vice President Kim Aasand, Treasurer Follow us anytime: Online at AlaskaMiners.org Like us on Facebook at Alaska Miners Association Follow us on Twitter @alaskaminers Follow us on Instagram @alaska.miners

Branch Chairmen Ted Hawley, Anchorage Ethan Trickey, Denali Dave Larimer, Fairbanks Jan Hill, Haines Jason Hart, Juneau Houston Morris, Kenai Ken Hughes, Nome Robert Fithian, Ketchikan/Prince of Wales

The Alaska Miner is the official journal of the Alaska Miners Association, published eight times a year exclusively to our members. It is published in partnership with the Alaska Miners Association by Fireweed Strategies LLC, 4849 Potter Crest Circle, Anchorage, AK 99516. We actively seek contributions from our members and the mining industry. Please email story ideas and photos to Lee Leschper. Advertising Rates and New Tips For advertising information, or to submit news, story ideas and photos, call or email Lee Leschper at 907-957-6025 or Lee.Leschper@FireweedStrategies.com

Committee Chairmen Kevin Adler, Convention

Alaska Miners Association Staff Deantha Skibinski, Executive Director

Mike Satre and JP Tangen, Federal Oversight Blake Bogart and Dave Larimer, State Oversight

Jennifer Luiten, Membership and Fundraising Director Carin Currier, Projects & Communications Manager Darlene Strickland, Bookkeeper/Membership

www.alaskaminers.org I The Alaska Miner I March 2025

3

AMA President Lorali Simon Chairs National Panel on Coal’s Importance

AMA President Lorali Simon recently chaired the 2025 Miami Coal Forum as part of a panel on regulatory and legislative affairs. Simon was joined on the panel by NMA Senior Vice President for Government and Political Affairs Richard Russell, CEO of Western Fuels, Adam Anderson, and Michelle Bloodworth from America’s Power. The panel outlined efforts in working with a new Congress and administration to promote the critical role coal plays in meeting the nation’s need for reliable and affordable energy. There was consensus that coal mining, including on federal lands, is critical to U.S. national and economic security.

Supporting our Communities Red Dog Operations continues to operate responsibly and safely to support our employees and regional communities during the pandemic.

4

March 2025 I The Alaska Miner I www.alaskaminers.org

Only Pay for the Speed You Need... Dynamic Routing! At Lynden, we understand that plans change but deadlines don’t. That’s why we proudly offer our exclusive Dynamic Routing system. Designed to work around your unique requirements, Dynamic Routing allows you to choose the mode of transportation – air, land, or sea – to control the speed of your deliveries so they arrive just as they are needed. With Lynden you only pay for the speed you need.

For more information, call us at 1-888-596-3361 or visit our website at lynden.com .

www.alaskaminers.org I The Alaska Miner I March 2025

5

Alaska’s Mines Celebrate International Women’s Day!

Photos Courtesy Kinross Alaska Kinross Alaska and other mining companies and mines across Alaska celebrated International Women’s Day on March 8. AMA is proud to say thank you to all the women in mining for their dedication and leadership.Each of you inspire us every day!

6

March 2025 I The Alaska Miner I www.alaskaminers.org

SANDVIK Crushing and Surface Drill Dealer for Washington, Oregon and Alaska.

2023 Sandvik QH332 ………….…… #80-33204 1256 Hrs, Tracked Mobile Cone Crusher, 7.25” Feed, CCS Range 1/4” - 1”5/8” Chehalis, WA ……………………..….…. $697,000

2022 Sandvik QJ341 ………….…… #80-34101 916 Hrs, Mobile Jaw Crusher, Tracked, Single Toggle C12 Jaw, 39” Conveyor Chehalis, WA ……………………….…. $589,500

2023 Sandvik QE442 ………….…… #80-44202 291 Hrs, Scalping Screen, 11.1 YD Hopper, Stabilizing Legs, Cat C4.4 Engine Chehalis, WA ……………………….…. $479,500

2023 Sandvik QE141 ………….…… #80-14103 348 Hrs, Scalping Screen, Hopper, 12’ 8” Tracked Chehalis, WA ……………………….…. $239,500

2022 Sandvik DX800R ….….…… #01-80004 1730 Hrs, Ver Ɵ cal Drill, Cab, Support Leg, Rod Changer, (US Spec) Ketchikan, AK …..……………….…. $459,500

2021 Sandvik DX800R ……….…… #01-80002 1566 Hrs, Ver Ɵ cal Drill, Non Cab, Winch, Support Leg, Remote Control. Juneau, AK …………………..……….…. $429,500

2023 Edge TS80 …………...….…… #80-80001 734 Hrs, Stacker, Tracked, Twin Drive Extensions fold for Transport Chehalis, WA ……………………….…. $119,500

2018 Deere 350G LC ….….…….. #36-35112 3317 Hrs, Pa Ʃ ern Changer, Aux Hyd, Hyd Pin Grabber, 10’6” Arm, Hyd Thumb Juneau, AK …………………...……….…. $179,500

2022 Deere 824L ….……….….…… #84-82403 6549 Hrs, Cab w Heat, 4 Wheel Drive, JRB Quick Connect, 6 CY Bucket Juneau, AK …………………..……….…. $249,500

Contact Craig Thomas craigert@tylerrental.com (907) 617-1669

www.alaskaminers.org I The Alaska Miner I March 2025

7

AMA Going to Washington for Alaska on the Hill

AMA is working with 15 other organizations for the Alaska on the Hill event in April in Washington, D.C. The event, formerly Alaska Resources Day, will be held April 29-30 and will include industry briefings, a Congressional Roundtable of members of Congress from committees of jurisdiction affecting Alaska resource industries and then Capitol Hill visits. The event allows AMA and other organizations to share the importance of mining and Alaska’s natural resource industries to federal lawmakers and to advocate for our continued success.

45 offices worldwide and a global network of afliates.

No matter where you are in the world, chances are we’ve got your project covered.

.com

8

March 2025 I The Alaska Miner I www.alaskaminers.org

Tower Hill Lays Out 2025 Plans for Livengood

International Tower Hill Mines Ltd. reported that it plans to carry out a $3.7 million work program this year at its 13.5-million-ounce Livengood

compounds, semiconductors, and other applications, there are currently no antimony-producing mines in the U.S. As a result, American manufacturers must depend on imports for their antimony needs. China, which controls roughly half of the world’s supply, banned antimony exports to the U.S. in December – limiting U.S. import options. As a result of China’s earlier antimony export restrictions, followed by the outright ban on exports to the U.S., the antimony price has soared more than 400% since Jan. 1, 2024, to current levels of nearly $60,000 per metric ton. “The market price of antimony has increased to record highs and therefore the significant occurrence of antimony known to exist within our Livengood Gold Project now warrants some of our attention,” said

International Tower Hill Mines CEO Karl Hanneman. To give the Livengood antimony the attention it deserves, major Tower Hill shareholders – Paulson & Co. Inc., Electrum Strategic Opportunities Fund II L.P. and Kopernik Global Investors, LLC – invested $3.9 million to support a 2025 program at the highway- accessible gold mine project. The largest portion of the money allocated for the 2025 program is to be invested in metallurgical studies that will help determine whether antimony can be recovered alongside the gold at Livengood. With gold prices pushing up against the $3,000/ounces threshold, additional revenue from an antimony byproduct could elevate the value and returns from a future Livengood mine. — North of 60 Mining News

gold project in Alaska. Following up on a recent

announcement that it plans to study the potential of recovering antimony at the gold mine project, Tower Hill said this year’s program will include metallurgical studies to better understand the massive stibnite (antimony mineral) found at Livengood, as well as continue to advance environmental baseline and waste geochemical studies that will be needed to permit a mine at Livengood. Lying along a paved highway about 70 miles north of Fairbanks, the Money Knob deposit at Livengood hosts 704.5 million metric tons of measured and indicated resources averaging 0.6 grams per metric ton completed in 2021 detailed plans for a 65,000-metric-ton-per-day mining operation at Livengood that would produce 6.4 million ounces of gold over 21 years, or an average of (13.62 million ounces) gold. A prefeasibility study (PFS) about 304,750 ounces per year. The PFS elevated 430.1 million metric tons of the Livengood resources averaging 0.65 g/t (9 million ounces) gold to proven and probable reserves. At a $2,500/ounces gold price and 2021 cost inputs, the mine detailed in the 2021 PFS generates an after- tax net present value (5% discount) of $2.35 billion, an after-tax internal rate of return of 18.5%, and a capital payback period of 3.9 years. Geological modeling carried out in support of the PFS identified 54 veins of massive stibnite with up to 6.9% antimony, a metalloid critical to the U.S. economy and national security. Despite the critical and strategic

value of this metalloid used in ammunition, fire-resistant

www.alaskaminers.org I The Alaska Miner I March 2025

9

Environmental Protection Agency Will Revise Waters of the United States Rule

U.S. Environmental Protection Agency Administrator Lee Zeldin announced March 12 that the EPA will work with the United States Army Corps of Engineers to deliver on President’s Trump’s promise to review the definition of “waters of the United States.” The agencies will move quickly to ensure that a revised definition follows the law, reduces red-tape, cuts overall permitting costs, and lowers the cost of doing business in communities across the country while protecting the nation’s navigable waters from pollution. Given the U.S. Supreme Court’s watershed decision in Sackett v. Environmental Protection Agency, it is time for EPA to finally address this issue once and for all in a way that provides American farmers, landowners, businesses and states with clear and simplified direction. Administrator Zeldin was joined by Senate Agriculture Chairman John Boozman (R-AR), Senator Kevin Cramer (R-ND), Senator Joni Ernst (R-IA), Senator Katie Britt (R-AL), Western Caucus Chairman Doug LaMalfa (R-CA-01), Representative Derrick Van Orden (R-WI- 03) and Farm Bureau President Zippy Duvall for the announcement. “We want clean water for all Americans supported by clear and consistent rules for all states, farmers,

and small businesses,” Zeldin said. “The previous Administration’s definition of ‘Waters of the United States’ placed unfair burdens on the American people and drove up the cost of doing business. Our goal is to protect America’s water resources consistent with the law of the land while empowering American farmers, landowners, entrepreneurs and families to help Power the Great American Comeback.” The definition of “Waters of the United States” guides Clean Water Act implementation, including whether farmers, landowners and businesses must secure costly permits before they can pursue a project. To date, EPA has failed to follow the law and implement the Supreme Court’s clear holding in Sackett. It is critical that Americans know which waters are subject to federal jurisdiction under the Clean Water Act to grow our economy and lower costs for American families while protecting human health and the environment. EPA will start its review by expeditiously obtaining input from stakeholders who were sidelined during the previous administration. The agency will seek targeted information on the key challenges that Americans are facing. — Environmental Protection Agency Press Office SAMPLE ARCHIVE SYSTEM, INC. • A proven concept in handling core • Provides a more compact, cost effective, weatherproof method of storing • Constructed of rugged, durable, UV-resistant black high density polyethylene (HDPE) • Constructed for easy shipping A Better Way to Handle and Store Your Samples

Arctic engineering and environmental services.

We help mines thrive.

Victor Ross (907) 521-3588 victor.ross@stantec.com Steve Reidsma, PWS (907) 347-5215 steve.reidsma@stantec.com

John C. Odden 907.434.0605 oddenco@gmail.com Lonnie A. Kuhl 907.322.8728 lakuhl@yahoo.com www.SampleArchiveSystem.com

10

March 2025 I The Alaska Miner I www.alaskaminers.org

Christine Hopkins Named Small Business Person of the Year for Alaska

The U.S. Small Business Administration has named Christine Hopkins, President, CEO and Managing Owner of ASCI Family of Companies (ASCI), as the 2025 Small Business Person of the Year for the State of Alaska. This prestigious recognition highlights Hopkins’ strategic vision and unwavering commitment to strengthening Alaska’s small business ecosystem and driving sustainable economic growth across the region. Each year, the SBA recognizes outstanding small business owners from across the nation during National Small Business Week (May 4-10, 2025). Hopkins, who along with ASCI are AMA members, will be honored at a special ceremony in Washington, D.C., on May 5. “I am deeply honored to receive this recognition from the SBA,” Hopkins said. “This award is a testament to the resilience of our team at ASCI and our commitment to supporting federal and commercial supply chain operations while fostering economic opportunities for small businesses.” Small businesses are the backbone of the U.S. economy, driving job creation and innovation. According to 2024 Small Business Statistics from the SBA:

n There are 34 million small businesses operating across the United States. n Small businesses accounted for two-thirds of net new jobs over the past 25 years.

n More than half of the U.S. labor force either works for or owns a small business. Hopkins’ leadership at ASCI aligns with this national trend, fostering economic growth, workforce development, and diversity in Alaska and beyond. Under Hopkins’ leadership, ASCI has grown into a leading provider of supply chain and asset management solutions for federal and commercial clients. In addition to securing multiple federal contracts, the company has expanded its women-owned small business (WOSB) certifications and played a crucial role in advocating for veteran and military spouse employment through partnerships such as the Military Spouse Employment Partnership (MSEP) and the SkillBridge program.

Gold Prices Surpass $3,000 an Ounce for First Time

Gold prices passed $3,000 an ounce for the first time March 14, driven higher by a central bank buying spree, economic fragility worldwide and President Donald Trump’s attempts to rewrite the rules of global trade by imposing tariffs on allies and strategic rivals. The move through the psychological $3,000 level drives home gold’s centuries-old role as a store of value in turbulent times and as a gauge of fear in markets. In the last quarter century, the price has risen 10-fold, outperforming even the S&P 500, the benchmark for U.S. stocks, which quadrupled over the same period. As traders braced for tariffs, U.S. prices for gold surged above other international benchmarks, prompting dealers to rush bullion into America in large volumes before the levies come into force. More than 23 million ounces of gold, worth about $70 billion, flowed into the depositories of New York’s Comex futures exchange between election day and mid-March. The influx has been so vast that it helped drive the U.S. trade deficit to a record in January. Jumps in the gold price typically track broader economic and political stress. The metal breached the $1,000 an ounce mark in the aftermath of the financial crisis, and passed $2,000 during the Covid pandemic. Prices fell back

towards $1,600 after the pandemic, but began to rise again in 2023, driven by central banks, who bought bullion to diversify away from the dollar, over fears that the currency made them vulnerable to punitive action from the U.S. In early 2024, the market leaped again, driven by buying in China, where worries about the country’s economy were growing. The rally gained further momentum after the U.S. election, as markets absorbed the new administration’s aggressive trade policy. Gold’s recent rally has come despite what would typically be headwinds: higher interest rates and a strong U.S. dollar. When bonds or cash in the bank give a solid return, gold, which doesn’t generate interest, becomes less appealing. The U.S. dollar is the main currency in which gold is bought and sold. When it becomes more expensive to holders of other currencies, that typically leads to selling pressure on the metal. The new U.S. government’s trade policy has been the most important driver for gold in 2025. President Trump has enforced tariffs on Canada, Mexico and the European Union, and imposed duties on Chinese goods, and on all imports of steel and aluminum. — Bloomberg News

www.alaskaminers.org I The Alaska Miner I March 2025

11

American Pacific Boosts Copper Resource at Palmer Project

American Pacific Mining Corp. recently released an updated Mineral Resource Estimate for the Palmer Project in Southeast Alaska, showing a sizeable increase in contained copper over the previous estimate from 2019. The new MRE has 4.77 million indicated tonnes at 1.69% copper, 5.17% zinc, 0.14% lead, 28.4 g/t silver, 0.29 g/t gold and 20.6% barite, for 178 million lb. of copper, 543 million lb. of zinc, 14.2 million lb. of lead, 4.4 million oz. of silver, 43,900 oz. of gold and 980,400 tonnes of barite. The contained copper count represents a 16% increase (24 million lb.), owing to a 14% increase in grade. The MRE also has 12 million inferred tonnes at 0.57% copper, 3.92% zinc, 0.47% lead, 66.3 g/t silver, 0.33 g/t gold and 25.5% barite, for 151.5 million lb. of copper, 1.04 billion lb. of zinc, 125.2 million lb. of lead, 25.6 million oz. of silver, 128,100 oz. of gold and 3.05 million tonnes of barite. The contained copper in this category increased by 22% (28 million lb.). American Pacific CEO Warwick Smith said the updated MRE marks a “major project milestone” for the

company now that it has secured 100% ownership of the Palmer project. In late 2024, American Pacific took full control of the project after agreeing to provide Dowa Metals & Mining, its joint venture partner who held a 55% stake, an option to buy half of the future zinc concentrate production from Palmer. The Palmer Volcanic Massive Sulphide-Sulphate (VMS) Project is an advanced stage copper-zinc-gold- silver exploration project in Southeast Alaska with road access and located 37 miles from the sea port at Haines. Recent drilling (2023-24) has highlighted the potential to define extremely rich copper zones and the Palmer Project includes numerous drill-ready, high-grade prospects that define more than 15 kilometres of favorable mineral trends, all hallmarks of a significant massive sulphide system. The Palmer Project is operated by Constantine Mining LLC (Constantine). Constantine is a wholly-owned subsidiary of American Pacific Mining Corp.

The Mining Newspaper for Alaska and Canada’s North

North of 60 Mining News digs deep to deliver the most comprehensive and up-to-date information on mining and mineral exploration across Alaska and Canada’s North.

• Weekly online newsletters • Monthly print editions • Mining Explorers • Critical Minerals Alaska • Only $50 per year To subscribe to this lode of information, visit us at www.miningnewsnorth.com or call 907-726-1095

Photo by Judy Patrick Photography

12

March 2025 I The Alaska Miner I www.alaskaminers.org

50 YEARS OF EXCELLENCE IN MOTION TOTE IT TO ALASKA

Since 1975, we’ve been TOTE-ing the supplies for life to Alaska, solving the toughest transportation challenges with innovation, speed, and safety. We’re proud to celebrate 50 years of best-in-class service to the customers and communities we serve and look forward to 50 more. Since 1975, we’ve been TOTE-ing the supplies for life to Alaska, solving the toughest transportation challenges with innovation, speed, and safety. We’re proud to celebrate 50 years of best-in-class service to the customers and communities we serve and look forward to 50 more.

Photos by Carin Currier AMA and Alaska Metal Mines hosted the third annual Juneau Mining Forum in late February. More than 100 attendees were on hand to hear about our important disucssion on the future of mining. Our exceptional panelists spoke on a host of topics including: federal and environmental issues; powering Alaska’s mines; and challenges and opportunities on critical minerals. We also heard from representatives at Alaska’s operating mines who offered a variety of remarks that are invaluable. AMA extends a heartfelt thank you to everyone who again helped make this event a resounding success!

14

March 2025 I The Alaska Miner I www.alaskaminers.org

Juneau Mining Forum

www.alaskaminers.org I The Alaska Miner I March 2025

15

16

March 2025 I The Alaska Miner I www.alaskaminers.org

Juneau Mining Forum

Photos by Carin Currier

www.alaskaminers.org I The Alaska Miner I March 2025

17

Juneau Mining Forum

Thank you to our speakers! Thank you to all our panelists for being a part of our third annual Juneau Mining Forum sponsored by the Alaska Miners POWERING MINES IN ALASKA n Mike Satre, Hecla Mining Company

Association and Alaska Metal Mines! We had a full day of important mining discussion. Thank you also to the Alaska Trucking Association and Associated General Contractors of Alaska for helping AMA host the legislative reception after all of our exceptional speakers! FEDERAL ISSUES PANEL n Jerry Mullins, National Mining Association n Mike Satre, Hecla Mining Company n Moderated by Rep. Zack Fields TWO PERSPECTIVES ON MINING AND THE ENVIRONMENT n Scott Hartman, former General Manager at Hecla Greens Creek n Randy Bates, former Director of Alaska Department of Environmental Conservation Division of Water. n Moderated by Deantha Skibinski WORKFORCE: SPARKING INTEREST AND PROVIDING PATHWAYS n Kristy Smith, UAS Interim Dean n Nate Dutton, Juneau School District n Ella Ede, Alaska Resource Education n Moderated by Rep. Sara Hannan

n Meadow Riedel, Kinross Alaska n Wayne Hall, Teck Red Dog Mine n Moderated by Rep. Donna Mears

CRITICAL MINERALS IN ALASKA: CHALLENGES AND OPPORTUNITIES n Brett Watson, UAA Institute of Social and Economic Research n Moderated by Sen. Forrest Dunbar OPERATING MINES IN ALASKA n Steve Ball, Coeur Alaska Kensington Mine n Mick Eckert, Northern Star Resources Pogo Mine n Bobby Fithian, Dawson Mine n Bill Kloth, Hecla Greens Creek Mine n Greta Schuerch, Teck Red Dog Mine n Moderated by Sen. Jesse Kiehl

ANCSA 7(i) REVENUE SHARING n Lance Miller, NANA n Ethan Schutt, Bristol Bay Native Corporation

n Moderated by Rep. Robyn Burke Thank you again to all of the panelists, Legislators and staff who helped make this event a success, and thank you to all of our attendees!

18

March 2025 I The Alaska Miner I www.alaskaminers.org

Silver47 Discovers Critical Minerals at Alaska Project

1.7 miles apart with a six-hole drill program carried out last year. Highlights from the 2024 Red Mountain drill program include: n 15.2 meters averaging 106 g/t silver, 0.45 g/t gold, 6.4% zinc, 2.2% lead, and 0.19% copper in hole DC24- 104 (Dry Creek). n 18.9 meters averaging 150.6 g/t silver, 0.82 g/t gold, 5.9% zinc, 2.6% lead, and 0.17% copper in hole DC24- 105 (Dry Creek). n 24.51 meters averaging 55.5 g/t silver, 1.99 g/t gold, 4.08% zinc, 1.32% lead, and 0.1% copper in hole DC24- 106 (Dry Creek). n 22 meters averaging 57.5 g/t silver, 0.14 g/t gold, 1.6% zinc, 0.67% lead, and 0.09% copper in hole WT24- 33 (West Tundra Flat). n 4.4 meters averaging 157.4 g/t silver, 1.05 g/t gold, 6.3% zinc, 3.03% lead, and 0.08% copper in hole WT24- 34 (West Tundra Flat). Now, Silver47 reports that a full review of historical and its own drilling has identified high antimony and gallium values throughout both deposits, as well as elevated niobium and vanadium, primarily in the western portion of Dry Creek. — North of 60 Mining News

Silver47 Exploration Corp. has reported it has discovered a suite of critical minerals alongside the silver, gold, zinc and copper in the Dry Creek and West Tundra Flat deposit on its Red Mountain project about 60 miles south of Fairbanks. “The high antimony and gallium content within both existing resource zones shows that there is more value to unlock at Red Mountain as we continue drilling to grow the already impressive polymetallic resource,” said Silver47 Vice President of Exploration Alex Walls. While Silver47 is a young mineral exploration company that went public with a listing on the TSX Venture Exchange last November, the company has made significant headway at its flagship Red Mountain project. According to a resource update calculated for Silver47 last year, two previously outlined volcanogenic massive sulfide (VMS) deposits at Red Mountain — Dry Creek and West Tundra Flats — host a combined 15.6 million metric tons of inferred resource averaging 71.4 grams per metric ton (35.9 million ounces) silver, 0.43 g/t (214,000 ounces) gold, 3.4% (1.17 billion pounds) zinc, 1.4% (476 million pounds) lead, and 0.17% (57 million pounds) copper. The company further confirmed and expanded upon the mineralization within these two deposits that lie about

MINING & EXPLORATION GEOLOGICAL SERVICES SERVING ALASKA, CANADA, AND WESTERN U.S.

FIELD SERVICES • Geophysics • Claim Staking • Soil Sampling • Annual Filing • Cartography • AML Hazard Fencing

TECHNICAL SERVICES • 3D Geologic Modeling • Data Management & Hosting • Exploration Analysis & Targeting • NI 43-101 Reports • And More!

TRUCK RENTALS • Mine Site Ready

CONTRACT GEOLOGY • Geologists • Geo Technicians

• Exploration • Field Work

• Contract Labor • Contract to Hire • Direct Hire

CALL 775.753.6605 FOR A FREE ESTIMATE ON YOUR NEXT PROJECT WWW.RANGEFRONT.COM

www.alaskaminers.org I The Alaska Miner I March 2025

19

Alaska Energy Metals: Major Increase in Nikolai Mineral Resource Estimate

With just four holes drilled at the end of the 2024 season, Alaska Energy Metals Corp. has added 6.9 billion pounds of nickel to the Eureka Zone deposit on the company’s Nikolai project in Alaska. “We can now confidently count Nikolai as a globally significant metal accumulation and certainly the largest documented nickel resource in the United States!” the company wrote in a March 10 news release. According to a new calculation, the Eureka Zone now hosts 1.19 billion metric tons of indicated resource averaging 0.21% (5.61 billion lb) nickel, 0.07% (1.77 billion lb) copper, 0.02% (442 million lb) cobalt, 0.01 grams per metric ton (469,000 oz) gold, 0.09 g/t (3.33 million oz) palladium, 0.05 g/t (1.72 million oz) platinum, 0.3% (7.86 billion lb) chromium, and 9.87% (117 million metric tons) iron. This marks a 46% increase in total tonnage and 45% more nickel within the indicated resource when compared to the resource calculated early in 2024. The Eureka deposit hosts an additional 2.09 million metric tons of inferred resource averaging 0.2% (9.38 billion lb) nickel, 0.05% (2.43 billion lb) copper, 0.02% (758 million lb) cobalt, 0.01 g/t (661,000 oz) gold, 0.07 g/t (4.57 million oz) palladium, 0.04 g/t (1.58 million oz) platinum, 0.27% (12.29

billion lb) chromium, and 9.8% (205 million metric tons) iron. This marks a 133% increase in total tonnage and 122% more nickel within the inferred resource compared to last year’s calculation. “In less than two years, we have taken the Nikolai Project from an exploration concept to a substantial deposit of nickel and multiple other critical metals,” said Alaska Energy Metals President and CEO Gregory Beischer. “At a time when the United States government has prioritized the reshoring of critical mineral supply chains to America, AEMC’s Nikolai project offers immediate opportunity on U.S. soil in Alaska.” While relatively low-grade, Eureka comes to the surface in a wide valley that makes the roughly 2.2-mile- (3.5 kilometers) long deposit amenable to conventional bulk tonnage mining methods. The enormous deposit, which remains open for expansion in both strike directions, also hosts a higher-grade core zone. Alaska Energy Metals management believes the nickel and other metals contained within the Eureka deposit can be recovered using conventional methods. Metallurgical studies to determine how much of each metal can be recovered are currently in progress. — North of 60 Mining News

JCM INDUSTRIES High Density Polyethylene Pipe offers countless advantages for Mining and Industrial Applications. Keep Those Advantages Working with JCM Industries Fittings and Fabrications for HDPE Pipe

REPAIR

CONNECTION

BRANCHING JCM INDUSTRIES, INC. - NASH, TEXAS, USA 75569-1220 Call Toll Free 1-800-527-8482 or 903-832-2581 www.jcmindustries.com RESTRAINT

20

March 2025 I The Alaska Miner I www.alaskaminers.org

BUILDING ALASKA ONE OUNCE AT A TIME Our firm understanding of Alaska’s unique challenges and commitment to HSSE and planning have translated into

Subscribe to Alaska Business

Print + Digital Magazine Subscription

satisfied mining clients across the state. We get dirty so you get the pay dirt.

Commitment to Safety & Quality | Anchorage · Kenai · Deadhorse www.conamco.com | 907-278-6600

akbizmag.com/subscribe

• Mineral Exploration • Precision Lift & Placement • Fire Suppression • Environmental Resource • Oil & Gas • Arctic Operations

PROVEN IN ALASKA FOR ANY ENVIRONMENT ON EARTH. ANCHORAGE, AK 907-257-1550 PATHFINDERAVIATION.COM

www.alaskaminers.org I The Alaska Miner I March 2025

21

MinerJournal.indd 1

9/29/21 2:44 PM

AMA Corporate Members

Please support and thank these companies who have renewed their support and corporate membership in AMA. Their continued support makes possible all the work we do in and for the mining industry. Pioneer/High Grade Construction Machinery Industrial LLC Hecla Greens Creek Mining Company

Freegold Ventures Ltd GCI Business Graphite One Inc. Lifewater Engineering Company NMS Nova Minerals Limited Nuna Geologic Services LLC

Alaska Trucking Association Alpha Aviation LLC American Exploration & Mining Association Anchorage Chamber of Commerce Anchorage Sand & Gravel Inc. Arcticom LLC, a BSNC Company ARG Industrial Arizona Mining Association Associated General Contractors of Alaska Association for Mineral Exploration British Columbia Aurora Geosciences (Alaska) Ltd. Technical Center Backcountry EMS Barr Engineering Co. BDO USA Beacon Occupational Health and Safety Services Inc. Belzona Technology Northwest Better In Our Back Yard Automatic Welding & Supply AVTEC - Alaska Vocational Big Ray’s Alaska Inc. Black Gold Transport Bobcat of Juneau Boreal Environmental Services Brenntag Pacific, Inc. CalCIMA Cama’i Enterprises LLC Chamber of Mines of Eastern British Columbia Coastal Helicopters Colaska Colorado Mining Association Commonwealth North CONAM Construction Company Conn-Weld Industries, LLC Consumer Energy Alliance Craig Taylor Equipment Company Crowley Fuels LLC Cruise Lines International Alaska Cummins Sales & Service Cyr Drilling USA Inc.

Producers Coeur Alaska - Kensington Mine Kinross Alaska NANA Regional Corp Northern Star Resources - Pogo Mine Ruen Drilling Inc. Teck Alaska Inc. - Red Dog Usibelli Coal Mine Inc.

Orica USA Inc. PolarX Limited South32

Tectonic Metals Inc. Trilogy Metals, Inc. U.S. GoldMining Inc United States Antimony Corporation Western Alaska Minerals

Junior Producers Sundance Mining Group

Business Members 3-Tier Alaska A & D Drilling LLC ACZ Laboratories Inc. Advanced Supply Chain

Developers AIDEA Calista Corporation Constantine Mining LLC Contango Ore, Inc.

International LLC Airgas USA, LLC

Alaska Aggregate Products LLC Alaska Air Carriers Association Alaska Airlines Alaska Auto Rental Alaska Business Alaska Carquest LLC Alaska Chamber Alaska Drilling and Completions Alaska Forest Association Alaska Industrial Hardware Inc Alaska International Business Center Alaska Minerals Inc. Alaska Mining & Diving Supply, Inc. Alaska Oil and Gas Association Alaska Policy Forum Alaska Remote Imaging Alaska Resource Education Alaska Rock Products Association Alaska Roteq Alaska Steel Co.

Donlin Gold LLC Lynden Logistics NovaGold Resources Inc. Oxford Assaying & Refining Corp. Pebble Limited Partnership Redpath USA Corporation RESPEC Taiga Mining Company Inc. Tower Hill Mines Inc. - Livengood Project Explorers Alaska Energy Metals Alaska Frontier Constructors Inc. Alaska Railroad Corporation Ambler Metals LLC Blackwolf Copper & Gold Ltd. Borealis Fuels and Logistics Ltd. Chugach Alaska Corporation ConocoPhillips Alaska Inc. Doyon, Ltd

22

March 2025 I The Alaska Miner I www.alaskaminers.org

Thank You for Your Generous Support!

Royal Gold Inc. Samson Tug & Barge Sandvik Sealaska Corporation/Alaska Coastal Aggregates LLC SECON/Southeast Roadbuilders Shoreside Petroleum Inc. SKAPS Industries SLR International Corporation SMS Equipment Inc. Society For Mining, Metallurgy & Exploration Soloy Helicopters LLC Solvest, Inc.

Dawson City Chamber of Commerce Delta Industrial Services Inc. Denali Industrial Supply

Klondike Placer Miners’ Association Knight Piesold & Company Kuna Engineering Lignite Energy Council Madison Lumber & Hardware Inc. Mascott Equipment Matanuska Susitna Borough Matanuska Telecom Association Matson MDF Global MFCP Mitsubishi Materials USA Corp Modern Machinery Montana Mining Association Motion Industries

Desert Air Alaska DGI Geoscience Dorado Drilling Ltd. Dorsey & Whitney LLP DXP Alaska Pump & Supply Eastern Oregon Mining Association Energy Laboratories Inc. Equity Exploration Consultants Ltd. ESI Alaska ESS Support Services Worldwide Everts Air Cargo Fairbanks Economic Develpment Corporation Fairweather LLC Far North Supply Ferguson Industrial First Things First Alaska Foundation Frontier Supply Company GBA Assaying & Refining General Refining Corporation Global External GMS Mine Repair Graymont Great Northwest Inc. Greater Fairbanks Chamber of Commerce Greenstone Station Inc HDR Horst Expediting & Remote Operations Inc. Hy-Tech Drilling USA Inc. Hyak Mining Co. Idaho Mining Association IMDEX Industrial Pumps of Alaska Inlet Energy Institute of Northern Engineering International Directional Services JCM Industries Juneau Economic Development Council Just Refiners USA, Inc. Kiewit Mining Group

Sophie Station Suites - Fountainhead Hotels Southeast Conference SRK Consulting Stantec Consulting Inc. State Fire Stoel Rives LLP Sullivan Water Wells T & J Enterprises Inc. TDL Staffing Inc. TDM Drilling LLC Temsco Helicopters Inc. The Alliance The Silver Institute Thermo-Tech, Inc. Thyssen Mining Inc. TOTE LLC Tyler Rental Inc. Tyree Oil Ucore Rare Metals Inc. University Redi-Mix Utah Mining Association Valdez Creek Mining

MSI Communications Mueller Electric Div II N C Machinery

National Mining Association Nevada Mining Association New Mexico Mining Association North Star Terminal & Stevedore Co. LLC Northern Air Cargo Northern Industrial Training, LLC (Anchorage) Northern Permafrost Consulting Northern Sonic Alaska, Inc. Northrim Bank, NA Northwest Mine Supply Northwest Pump Northwest Territories & Nunavut Chamber of Mines P & C Recruiting and H.R.

Pacific Rim Chemicals Pathfinder Aviation, LLC Perkins Coie LLP Petro Marine Services Piton Exploration LLC Prospectors & Developers Association of Canada Ram-Enterprise Remote Made Easy (PSSA) Remote Site Services Inc. Republic Services

VEGA Americas Visit Anchorage Weir Minerals

Wells Fargo Bank Alaska Women’s Mining Coalition WSP USA Inc. Wyoming Mining Association Yukon Chamber of Mines Zonge International Inc

Resource Development Council Roughstock Mining Services LLC

www.alaskaminers.org I The Alaska Miner I March 2025

23

New and Renewing AMA Members

Thank you to all the AMA corporate and individual members who joined or renewed their membership to the association in January. You make AMA possible! Corporations 3-Tier Alaska

Teck Alaska Inc. - Red Dog Tectonic Metals Inc. Tyler Rental Inc. Usibelli Coal Mine Inc.

Roberta Berry Matthew Bidwell Craig Biers Ben Birch Jerry & Stephanie Birch Jack Blackwell Steven & Marilyn Borell Robert Boyle Derek Bradish Bonnie Broman Robert Brozdowski Jason Brune Michael & Emmalu Busby James & Yvonne Bush

Jared Hall Wayne Hall Ralph D Hamm Charles (Dick) & Robin

A & D Drilling LLC Alaska Aggregate Products LLC

Hammond Ken Hanley

Alaska Carquest LLC Alaska Mining & Diving Supply, Inc. ARG Industrial Aurora Geosciences (Alaska) Ltd. Brenntag Pacific, Inc. Chugach Alaska Corporation Coastal Helicopters Cyr Drilling USA Inc. DGI Geoscience ESS Support Services Worldwide Everts Air Cargo Graymont Greenstone Station Inc Hyak Mining Co. Hy-Tech Drilling USA Inc. Industrial Pumps of Alaska Inlet Energy Just Refiners USA, Inc. Knight Piesold & Company Lifewater Engineering Company Madison Lumber & Hardware Inc. Matanuska Susitna Borough MSI Communications Northern Permafrost Consulting Northrim Bank, NA Ram-Enterprise Remote Site Services Inc. Royal Gold Inc. Sealaska Corporation/ Alaska Coastal Aggregates LLC Soloy Helicopters LLC State Fire Stoel Rives LLP Sullivan Water Wells Taiga Mining Company Inc.

Heidi Hansen Scott Hartman

Operators Douglas & Kathleen Clark Larry Wilmarth

Ted & Debbie Hawley John Cook & Denise Herzog Penny Hobbie Robert B Hoekzema Jeremy Hoffman Paul Hohbach Tim Horn John Howe Kurt Hulteen David Hunz Randy Johnson Kerry & Gwyneth Jones Keith & Bonnie Kaiser

Professionals Dianne Blumer

Lena Brommeland Thomas Bundtzen

Brian Butterworth Roger Calloway Jr. John Canoy Calvin Carlson Lisa Cassino James Cloud Jeff Coffin William (Bill) Corbus

John Childs Cherie Curry Corri Feige

Kirsten Fristad Michael Galicki Sonia Henrick Joy Huntington Alison Kelley Kristopher Knauss Bob Loeffler Kevin Martindale David Parish Jacqueline Rowley Jordan Scheremeta

Jeff Keener Colin Keith

Shareen Crosby Carolyn Curley Gordon Cyr

Shannon Kelly Steve Kemble Steve Kikendall Eric E Kile Raymond & Vicke Kukowski David J Lajack Kathryn & Thomas Lamal Kelly Lantz Alan Lebedoff Kenneth & Winona Lee Richard Lessard Mark Levin PE Corinne Lindfors Andy Lord Sarah Lowell Neil MacKinnon Jake Maenpa Karen Matthias Kevin Mayo

Dan DeLauder David Dickason David Dixon, MD Jon W Dufendach Desmond Duffy William P Dunlevy Laurie Fagnani Mark Farrar Brian Flanigan Jerry Fleishman Jeff Foley Stanley & Sally Foo Michael Fulton John & Galina Galey Jr

Robert Siedman Kelsey Stockert Sarah Ward

Individuals Mark Abrams Howard J Adams James & Betty Adler

Kerry Adler Kevin Adler Rick Ames

Colin Gandy Evan Gearity Cathy Giessel Will Godbey Billy Graham

Peter Andersen Trent Anderson Carmen Arbizo Bert Bamford Michael Barrera Jack Beckman Brian Benson Frank Bergstrom

Shirley McCaa Terry McIntosh Michele Metz Drew Miller

Caleb Graham Darwin Green Tammy Oswald & Kevin Greenfield

24

March 2025 I The Alaska Miner I www.alaskaminers.org

New and Renewing AMA Members

Clark Milne Duff Mitchell Tyler Mitchell Ramona Monroe Yuri Morgan Houston Morris Kyle Moselle Tim & Jerilee Musgrove

Steve Reidsma Alan Renshaw Jared Rhea Nicholas Ringstad John Roberts Jim Robinson Robert B Robinson

Cole Sullivan Mike Talerico Jeff Taylor Ethan Trickey Bob Tsigonis

Frank & Mary Yates Leslie Yesnik Ian Zeisel Kirk & Katherine Zerkel Ben Ziegman Not yet a member of the Alaska Miners Association? Or have not yet renewed your membership? Renew today so you don’t miss a single issue of The Alaska Miner or the 2025 Alaska Miners Handbook and Service Directory, available only to AMA members. Call or email Jennifer Luiten, Membership and Fundraising Director at 907-270- 9232; jennifer@ AlaskaMiners.org.

Bruce & Kathy Tweet Douglas & Vicki Tweet

Jim Robson Dan Rogers Cindy Sand

Norman Tweet Joe Usibelli Jr. Thomas Veseth Alfredo Villalobos

Case Nelson Olov Oeberg Aparna Palmer Shaun Patterson Patricia Peirsol Willa Perlmutter Larry Peterson

Maria Sanders Norman Sather Greta Schuerch Justin Seavey Lorna Shaw Jessica Short

Gary Vivian Hugh Wade Janice Walker

Kim Walker Fred Wallis H Keith & Barbara Walters Terry Waschke Glen Weaver Melanie Werdon Dia Gix & Fred Wolowic

Scott Posey Ron Prasad McLain Pray

Lorali Simon Mark Smith Todd Smith Chris Soloy Sam Soloy Christopher Stevens Don Stevens

Martin Raffield Robert Ragar Brad Randall Tony Reda Matthew Reece

Richard Worabel Robert Wozniak

Our flexibility and dedication have enabled us to become a top provider for the heavy civil construction and resource development industries. MOVING THE EARTH

Whether you need geophysical, geological or exploration support services, our ideas, experience and northern expertise mean you’ll have the best thinking on your project. Go ahead – pick our brains.

yellowknife • whitehorse • juneau

• Mine Development and Infrastructure • Earth Moving • Liner Installation and Welding • Roads, Dams and Bridge Construction

• Shotcrete and Slurry • Structural Steel • Concrete Structures and Foundations • HDPE Piping

www.aurorageosciences.com

ak-gravel.com • (907) 746-4505

www.alaskaminers.org I The Alaska Miner I March 2025

25

Alaska Mining Calendar

n April 12: The Alaska Mining Hall of Fame Foundation will hold a “reinduction” in Klawock for Kelly Adams and Wendell Dawson, who were inducted into the Hall of Fame last November. As part of the ceremony, Tom Bundtzen will present the mining history of Prince of Wales Island. n April 29-30: Alaska on the Hill gathering of natural resource industry organizations and partners, Washington, D.C. n May 5-8: The Institute of the North (ION) will organize the next Alaska National Interest Lands Conservation Act (ANILCA) training online: https:// institutenorth.org/project/anilca.

Full-service helicopter operator based out of southcentral Alaska with a fleet of R44, R66, AS 350 and UH-1H aircraft

n May 10: Alaska Mining Day

n June 3-5: Fourth Annual Alaska Sustainable Energy Conference, Anchorage; alaskasustainableenergy.com n Nov. 3-6: AMA Annual Convention and Trade Show, Anchorage

(907) 290-8878 info@flyalphaair.com www.flyalphaair.com

n Nov. 12-13: 46th Annual Alaska Resources Conference, Anchorage

Statewide Zoom Meetings

n March 28

n May 9

n April 11

See all details at the AMA website!

Dedicated to the responsible development of Alaska ’ s resources.

n April 25

In-Person Branch Meetings

 Geologic Consulting  Geologic Staffing  Geologic Engineering  Reporting (including 43 - 101)  Logistics/Operation Coordination  Remote Site Management  GIS Services  Permitting Assistance  Community Engagement  Claims Staking  Claims Administration  Equipment Rental

n Schedules will be posted on the AMA website under Branch Meetings. We look forward to seeing everyone in person!

Arctic Trace ® Submersible Heat Trace Freeze Protection System "Inside the Pipe or Vessel" www.arctictrace.com (907) 522-3004 A pplications:  Monitoring Wells  Commercial Water Line  Deep Well Tracing  Gutter & Drain  Waste & Vent  Septic Tank & Sewer Outfall

12100 Industry Way Unit P - 9, Anchorage, AK 99515 www.alaskaearthsciences.com 907 - 522 - 4664

26

March 2025 I The Alaska Miner I www.alaskaminers.org

GET THE MOST FOR YOUR GOLD!

www.oxfordmetals.com 1.907.561.5237

Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28

www.alaskaminers.org

Made with FlippingBook. PDF to flipbook with ease