Alaska
Discovery Alaska nabs Doyon’s Vinasale
Discovery Alaska Ltd. Jan. 5 announced it has secured a 15-year lease on the 2-million-ounce Vinasale gold project in Alaska.
Located about 16 miles south of the Southwest Alaska mining town of McGrath, Vinasale is a roughly 6,500-acre project owned by Doyon Ltd., the Alaska Native Claims Settlement Act (ANCSA) regional corporation for the state’s Interior.
Previously explored by Freegold Ventures Ltd., Vinasale has lain dormant since that company focused its efforts on the roughly 20-million-oz Golden Summit project about 20 miles north of Fairbanks.
A calculation completed for the Central Zone deposit at Vinasale in 2013 outlined 3.41 million metric tons of indicated resource averaging 1.48 grams per metric ton gold (162,000 oz) gold and 53.25 million metric tons of inferred resource averaging 1.8 g/t (1.8 million oz) gold, at a cut-off grade of 0.5 g/t gold.
At a 1 g/t cut-off grade, this deposit hosts 2.29 million metric tons of historical indicated resource averaging 1.48 g/t (135,000 oz) gold and 22 million metric tons of inferred resource averaging 1.53 g/t (1.08 million oz) gold.
Over the near decade since Freegold relinquished its lease on Vinasale, the price of gold has risen from roughly $1,150/oz in 2015 to today’s price of around $2,000/oz.
With the strong gold market, Discovery has cut a lease agreement with Doyon for the nearly 2 million oz Vinasale property with plenty of upside potential.
“This is a significant opportunity to rapidly develop an advanced gold project at an exciting time for the gold sector with record gold prices and within a proven high-quality gold district,” said Discovery Alaska Director Jerko Zuvela.
Unlocking Vinasale
Australia-based Discovery Alaska began its exploration of the 49th State in 2021 at Chulitna, a gold-silver-copper-tin project just west of the Parks Highway about midway between Anchorage and Fairbanks, Alaska.
The company made a splash on the Alaska scene with the 2022 discovery of lithium associated with the historical Coal Creek tin-silver-zinc deposit at Chulitna. While intriguing, the lithium values did not prove to be commercially viable and, in December, the company reduced the size of its Chulitna landholding to claims centered on the Partin Creek gold prospect.
Now, the company is refocusing on reconfirming the gold deposit at Vinasale and exploring the upside potential of this project in a historic placer gold mining district at the northeastern end of the Kuskokwim Mountains.
The technical report supporting the 2013 resource estimate recommended additional drilling to expand the Central Zone resource and test additional targets that may represent separate zones of mineralization.
The exploration targets at Vinasale have had limited drilling and are supported by geophysical surveys, primarily induced polarization, carried out on the property.
At Central Zone, drilling is recommended to test the limits of gold mineralization to the southern and eastern limits of the deposit.
In addition, several drill holes are suggested across the central portion of the zone to better define the mineralization and to test the zone to depth. Further drilling is also warranted in the northern part of the intrusive, where previous shallow drilling intersected mineralization over encouraging intervals.
“We are excited to progress the project development in a world-class jurisdiction, unlock unrealized value and establish a platform for a significant period of growth for the company,” Zuvela said.
Life-of-project lease
To explore the known and upside potential Vinasale has to offer, Discovery has entered into a 15-year lease agreement with Doyon. If commercial production is reached by the end of the term, the lease continues for the life of the mine. If Discovery delivers a feasibility study over the initial term, the lease can be extended in five-year increments at the company’s request.
The cash consideration for the lease is as follows:
• $15,000 upon signing of the lease agreement.
• $40,000 per year for 2025 through 2027.
• $70,000 per year for 2028 through 2033.
• $225,000 from 2034 until the end of the original term.
If Discovery chooses to extend the lease beyond the original term, the annual payment increases to $300,000. The company has also agreed to pay Doyon $200,000 upon completion of the feasibility study and $600,000 upon a decision to begin mining at Vinasale.
In addition to cash payments, the lease agreement includes minimum annual exploration expenditures by Discovery as follows: $40,000 in 2024, $400,000 in 2025, $500,000 in 2026, $750,000 from 2027 through 2030; $1 million from 2031 through 2034; and $1.5 million from 2035 on.
Doyon also retains a royalty on future precious and base metals production at Vinasale.
Contributions toward educational programs for Doyon’s Alaska Native shareholders are a mandatory component of any natural resources deal on Doyon lands, and Vinasale is no exception.
As part of the agreement, Discovery has agreed to make a $10,000 scholarship donation during the first year of the lease and $25,000 per year until the start of commercial production, at which point the donations will be $50,000 per year as long as mining continues at Vinasale.
“We are keen to progress with our new project and also the Doyon community,” Zuvela told Mining News in an email.
Alaska
Sand Point teen found 3 days after going missing in lake
SAND POINT, Alaska (KTUU) – A teenage boy who was last seen Monday when the canoe he was in tipped over has been found by a dive team in a lake near Sand Point, according to a person familiar with the situation.
Alaska’s News Source confirmed with the person, who is close to the search efforts, that the dive team found 15-year-old Kaipo Kaminanga deceased Thursday in Red Cove Lake, located a short drive from the town of Sand Point on the Aleutian Island chain.
Kaminanga was last seen canoeing with three other friends on Monday when the boat tipped over.
A search and rescue operation ensued shortly after.
Alaska Dive Search Rescue and Recovery Team posted on Facebook Thursday night that they were able to “locate and recover” Kaminanga at around 5 p.m. Thursday.
“We are glad we could bring closure to his family, friends and community,” the post said.
This is a breaking news story and will be updated when more details become available.
See a spelling or grammar error? Report it to web@ktuu.com
Copyright 2026 KTUU. All rights reserved.
Alaska
Opinion: Homework for Alaska: Sales tax or income tax?
This is a tax tutorial for gubernatorial candidates, for legislators who will report to work next year and for the Alaska public.
Think of it as homework, with more than eight months to complete the assignment that is not due until the November election. The homework is intended to inform, not settle the debate over a state sales tax or state income tax — or neither, which is the preferred option for many Alaskans.
But for those Alaskans willing to consider a tax as a personal responsibility to help fund schools, roads, public safety, child care, state troopers, prisons, foster care and everything else necessary for healthy and productive lives, someday they will need to decide on a state income tax or a state sales tax after they accept the checkbook reality that oil and Permanent Fund earnings are not enough.
This homework assignment is intended to get people thinking with facts, not emotions. Electing the right candidates will be the first test.
Alaskans have until the next election because nothing will change this year. It will take a new political alignment led by a reality-based governor to organize support in the Legislature and among the public.
But next year, maybe, with the right elected leadership, Alaskans can debate a state sales tax or personal income tax. Plus, of course, corporate taxes and oil production taxes, but those are for another school day.
One of the biggest arguments in favor of a state sales tax is that visitors would pay it. Yes, they would, but not as much as many Alaskans think.
Air travel is exempt from sales taxes. So are cruise ship tickets. That’s federal law, which means much of what tourists spend on their Alaska vacation is beyond the reach of a state sales tax.
Cutting further into potential revenues, state and federal law exempts flightseeing tours from sales tax, which is a particularly costly exemption when you think about how much visitors spend on airplane and helicopter tours.
That leaves sales tax supporters collecting from tourists on T-shirts, gifts for grandchildren, artwork, postcards, hotels, Airbnb, car rentals and restaurant meals. Still a substantial take for taxes, but far short of total tourism spending.
An argument against a state sales tax is that more than 100 cities and boroughs already depend on local sales taxes to pay for schools and other public services. Try to imagine what a state tax piled on top of a local tax would do to kill shopping in Homer, already at 7.85%, or Kodiak, Wrangell and Cordova, all at 7%, and all the other municipalities.
Supporters of an income tax say it would share the responsibility burden with nonresidents who earn income in Alaska and then return home to spend their money.
Almost one in four workers in Alaska in 2024 were nonresidents, as reported by the state Department of Labor in January. That doesn’t include federal employees, active-duty military or self-employed people.
Nonresidents earned roughly $3.8 billion, or about 17% of every dollar covered in the report.
However, many of those nonresident workers are lower-wage and seasonal, employed in the seafood processing and tourism industries, unlikely to pay much in income taxes. But a tax could be structured so that they pay something, which is fair.
Meanwhile, higher-wage workers in oil and gas, mining, construction and airlines (freight and passenger service) would pay taxes on their income earned in Alaska, which also is fair.
It comes down to what would direct more of the tax burden to nonresidents: a tax on income or on visitor spending. Wages or wasabi-crusted salmon dinners.
Larry Persily is a longtime Alaska journalist, with breaks for federal, state and municipal public policy work in Alaska and Washington, D.C. He lives in Anchorage and is publisher of the Wrangell Sentinel weekly newspaper.
• • •
The Anchorage Daily News welcomes a broad range of viewpoints. To submit a piece for consideration, email commentary(at)adn.com. Send submissions shorter than 200 words to letters@adn.com or click here to submit via any web browser. Read our full guidelines for letters and commentaries here.
Alaska
Nome brothers summit Mt. Kilimanjaro, carry Alaska flag to third major peak
ANCHORAGE, Alaska (KTUU) – Two brothers from Nome recently stood at the summit of Mount Kilimanjaro in Africa, planting an Alaska flag at 19,000 feet above the African plains.
The Hoogendorns completed the seven-day climb — five and a half days up and a day and a half down — trekking through rainforest, desert, and alpine terrain before reaching snow near the summit. The climb marks their third of the world’s seven summits.
Night hike to the top
The brothers began their final summit push at midnight, hiking through the night to reach the top by dawn.
“It was almost like a dream,” Oliver said. “Because we hiked through the night. We started the summit hike at midnight when you’re supposed to be sleeping. So, it was kind of like, not mind boggling, but disorienting. Because you’re hiking all night, but then you get to the top and you can finally see. It’s totally different from what you’d expect.”
At the summit, temperatures hovered around 10 degrees — a familiar range for the Nome brothers. Their guides repeatedly urged them to put on jackets, but the brothers declined.
“We got to the crater, and it was dark out and then it started getting brighter out,” Wilson said. “And then you could slowly see the crater like illuminating and it’s huge. It’s like 3 miles across or something. Like you could fly a plane down on the crater and be circles if you want to. Really dramatic view.”
A team of 17 for two climbers
Unlike their previous expeditions, the brothers were supported by a crew of 17 — including porters, a cook, guides, a summit assistant, and a tent setup crew.
The experience deviated from their earlier climbs, where they carried their own food, melted snow for water, and navigated routes independently.
“I felt spoiled,” Wilson said. “I was like, man, the next mountain’s gonna be kind of hard after being spoiled.”
Alaska flag on every summit
Oliver carried the same full-size Alaska flag on all three of his major summits, including in South America and Denali in North America, despite the added weight in his pack.
“I take it everywhere these days,” Oliver said. “It’s always cool to bring it out. And then people ask, you know, ‘where’s that flag from?’ Say Alaska.”
When asked about his motivation for the expeditions, Wilson said “I guess to like inspire other people. Because it seems like a lot of people think they can’t do something, but if you just try it, you probably won’t do good the first time, but second time you’ll do better. Because you just got to try it out. Believe in yourself.”
Background and next goals
The Hoogendorns won the reality competition series “Race to Survive: Alaska” in 2023. In 2019, they were the first to climb Mount McKinley and ski down that season. Oliver also started a biking trip from the tip of South America to Prudhoe Bay with hopes of still completing it.
Kilimanjaro is their third summit. The brothers said they hope to eventually complete all seven summits, with Mount Vinson in Antarctica among the peaks they are considering next… all while taking Alaska with them every step of the way.
See a spelling or grammar error? Report it to web@ktuu.com
Copyright 2026 KTUU. All rights reserved.
-
World2 days agoExclusive: DeepSeek withholds latest AI model from US chipmakers including Nvidia, sources say
-
Massachusetts2 days agoMother and daughter injured in Taunton house explosion
-
Montana1 week ago2026 MHSA Montana Wrestling State Championship Brackets And Results – FloWrestling
-
Oklahoma1 week agoWildfires rage in Oklahoma as thousands urged to evacuate a small city
-
Louisiana5 days agoWildfire near Gum Swamp Road in Livingston Parish now under control; more than 200 acres burned
-
Technology6 days agoYouTube TV billing scam emails are hitting inboxes
-
Denver, CO2 days ago10 acres charred, 5 injured in Thornton grass fire, evacuation orders lifted
-
Technology6 days agoStellantis is in a crisis of its own making