Antofagasta takes option on Tanacross in Alaska
Chilean group Antofagasta has taken an option to acquire 70% in the Tanacross copper/gold project in eastern Alaska by spending $30-million on exploration over eight years and delivering a preliminary economic assessment.
Kenorland Minerals, which is listed on the TSX-V, will initially remain the operator of the project.
Once Antofagasta has earned its 70% interest, Kenorland and Antofagasta will form a 30:70 joint venture.
“The property, which covers numerous mineralised systems and target areas, warrants significant exploration to unlock the discovery potential that we believe exists. We look forward to getting back on the ground as soon as possible to begin work which will lead towards drill-target definition,” comments Kenorland CEO Zach Flood.
The Tanacross project covers 45 000 ha of Alaska State-owned land, about 70 km north-east of Tok, along the Alaska Highway.
The project hosts a cluster of late Cretaceous porphyry copper occurrences including East Taurus, West Taurus and Bluff.
The project has seen a total of 17 076 m of drilling in over 67 drill holes, since the initial discovery of East Taurus in 1971 by Duval. Multiple drill campaigns have been carried out by nine different companies including the most recent drill programme in 2019 when the property was held under option to Freeport McMoRan.
The best historical results from the project include drilling at East Taurus, where 08DDH040 intersected 232.56 m at 0.31% copper, 0.25 g/t gold and 0.036% molybdenum.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...
VISIT SHOWROOM
As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
