WEEKLY ONLINE NEWS STORY
You are receiving this weekly newsletter at no additional cost as part of your subscription to Petroleum News. If you do not want to receive this newsletter, email Shane Lasley at [email protected] to be removed from the list.
| June 19, 2014 --- Vol. 08, No. 25 | June 2014
|
Alaska News Nuggets
GOLD/PLATINUM – Linux Gold Corp. June 18 said it is planning a soil auger exploration program for the Dime Creek gold-platinum property, located on the Seward Peninsula in western Alaska. An eight-day project is planned to test several placer pits. A phased reconnaissance exploration program is recommended in order to gather enough information to finance and initiate a placer resource definition program. Linux said an examination of U.S. Mint production records and other sources indicate that Dime Creek has produced and estimated 40,000 to 60,000 ounces of gold from 1915 to 1955. Additionally, 105 ounces of byproduct platinum is reported to have been produced from the Koyuk district, mostly from Dime Creek.
EDUCATION – The Bristol Bay Native Corporation Education Foundation June 13 said it has raised US$6.48 million through the sale of its shares of Northern Dynasty Minerals Ltd. Rio Tinto donated more than 9 million Northern Dynasty shares to the foundation when it decided to divest its interest in the company and, by extension, the Pebble copper project in Southwest Alaska. The other half of Rio’s roughly 18.15 million shares of Northern Dynasty was donated to the Alaska Community Foundation for the creation of a workforce program to train Alaskans for careers in mining. The BBNC Education Foundation said the funds generated from the sale of its gifted shares will be used to support its scholarship programs and develop a cultural heritage program. “Monetizing the gift of donated shares has increased the Foundation’s ability to meet its mission of supporting educational and cultural heritage opportunities for BBNC Shareholders. The proceeds will go toward scholarship programs to benefit BBNC Shareholders for generations to come and will also help fund the development of a cultural heritage program,” explains BBNC Education Foundation Executive Director Greta Goto.
|
|
|
