![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, February 07, 2019 6:07:13 PM
Tha Alaska Industrial Mining District Road to connect Alaska interior to World Markets........ Does anyone know if PEBBLE will have access to this road..........
"The timing of the partnership seems promising, as the US Bureau of Land Management is expected to take long strides this year toward finalizing an Environmental Impact Statement for the Ambler Mining District Industrial Access Road. That’s a proposed 211-mile (440-km) transportation corridor that will connect the metals-rich region to Alaska's highway system— and to world markets"..................
Trilogy Metals, South32 increase exploration budget for Alaska projects
Cecilia Jamasmie | about 5 hours ago |
Trilogy Metals, South32 increase exploration budget for Alaska projects
Camp at the Bornite project, one of the two most advanced of Upper Kobuk Mineral Projects. (Image courtesy of Trilogy Metals.)
Canada’s Trilogy Metals (TSX, NYSE: TMQ) is upping the exploration budget for its projects in Northwest Alaska, after its partner Australia’s South32 (ASX, LON:S32) agreed to equally fund a program along the Ambler volcanogenic massive sulphide (VMS) belt.
Each company will contribute an additional $1 million for exploration at the Upper Kobuk Mineral Projects (UKMP), in addition to the $18.2-million budget set for 2019.
The additional $2 million will be used for regional or district exploration focusing on identifying and testing new drill targets in Alaska’s Ambler mining belt.
Each company will contribute an additional $1 million for exploration at the Upper Kobuk mineral projects, located along Alaska's Ambler VMS belt.
The program will include a VTEM airborne geophysical survey along the entire belt, according to Trilogy chief executive and exploration geologist Rick van Nieuwenhuyse.
The timing of the partnership seems promising, as the US Bureau of Land Management is expected to take long strides this year toward finalizing an Environmental Impact Statement for the Ambler Mining District Industrial Access Road. That’s a proposed 211-mile (440-km) transportation corridor that will connect the metals-rich region to Alaska's highway system— and to world markets.
Trilogy's ability to develop the Arctic and Bornite projects, the two most advanced of the UKMP, has been supported by South32's robust investment over the past two seasons.
Under an agreement signed in 2017, the Australian major has the option to buy a 50% interest in UKMP for $150 million. South32 can exercise such option at any time between now and the end of January 2020.
The $1-million funding from South32 is in addition to the $30 million in option payments the miner has already contributed to maintain the option of creating a 50:50 joint venture with Trilogy on the UKMP.
PEOPLEMINE FACEBOOK LINKEDIN TWITTER EMAIL PRINT
Recent NAK News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/10/2024 11:00:52 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/23/2024 07:33:48 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/16/2024 04:17:37 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 03:26:58 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 12/29/2023 08:52:47 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/15/2023 10:05:59 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/05/2023 10:01:05 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM