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Discovery Alaska nabs Doyon’s Vinasale

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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.

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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.

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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.

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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.

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$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.

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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.

Author Bio

Shane Lasley, Publisher

Over his more than 15 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

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Email: [email protected]
Phone: (907) 726-1095
https://www.linkedin.com/in/shane-lasley-ab073b12/



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Mat-Su Initial Attack Responding to Fire in Flat Lake

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Mat-Su Initial Attack Responding to Fire in Flat Lake


An engine and firefighters from the Division of Forestry & Fire Protection’s Mat-Su Area are responding to a fire near Flat Lake.

A caller reported a fire on an island in Flat Lake, with 2 foot flame lengths and structures near by.

The engine crew responding will be shuttled by boat to the fire. The fire is currently reported as .1 acre, creeping and smoldering.

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Additional updates will be shared as they become available.

‹ Pioneer Peak Hotshots, Gannett Glacier Crew Join Fight Against 2 Fires Near Ruby

Categories: Active Wildland Fire

Tags: #FireYear2026 #2026AKFIRESEASON, 2026 Alaska Fire Season



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Opinion: Alaska’s $10,000 question: Leave or stay?

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Opinion: Alaska’s ,000 question: Leave or stay?


A new home under construction in Potter Valley in Anchorage. (Loren Holmes / ADN)

This June, two very different offers reach Alaska families, and both amount to the same thing: $10,000. The difference is everything.

Bill Walker, running for governor, would hand every eligible Alaskan a one-time $10,000 check and then end the Permanent Fund dividend for good. Ask one question: Where does his $10,000 come from?

It comes from the Permanent Fund, the people’s own money and the savings Alaskans built for their children. Walker would spend that endowment once to pay Alaskans to give up the yearly dividend forever.

Think about what that does. It cancels the annual check that gives a family a reason to keep an Alaska address and replaces it with a single payout. You hand people their own savings, call it a gift and cut the tie that held them here in the same motion. It is the oldest mistake in governing money: raid what you have saved to buy a moment’s applause and call the spending generosity.

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A plan that spends the people’s savings to send the people away is not bold. It is foolish.

Now consider the other $10,000. Through Alaska Housing Finance Corp., the state offers families up to $10,000 to build a new, energy-efficient home. AHFC raids nothing. It earns its own way. Over the years, it has returned more than $2 billion to the state treasury, and it spends some of that income the way any good business does: to win a customer.

Here, the customer is an Alaskan who wants to own a home, put down roots and stay.

That is the oldest sound move in business: Invest a little of what you earn to bring in someone who stays. The homeowner remains, the community gains a family and the corporation keeps earning. The money spent comes back. A plan that puts earnings to work to bring people home is not charity. It is clever.

Same amount. Opposite source. Opposite wisdom. One spends savings; the other spends earnings. One pays Alaskans to leave; the other pays them to stay. One empties the state; the other fills it.

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This Homeownership Month, the choice is the size of a single check, and the whole question is where the check comes from and what it asks of you. Ten thousand dollars of your own fund, to wave you goodbye. Or $10,000, earned and reinvested, to help you stay and build.

Evan Swensen is the publisher of Publication Consultants in Anchorage and the author of “What’s the Money For: A Permanent Fund Mortgage Proposal.”

• • •

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.





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Alaska Sen. Dan Sullivan’s primary challenger who has the same name is eligible for ballot, judge rules

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Alaska Sen. Dan Sullivan’s primary challenger who has the same name is eligible for ballot, judge rules


man with the same name and party affiliation as Alaska Republican U.S. Sen. Dan Sullivan is eligible to challenge the senator in the August primary, a judge ruled Friday.

Superior Court Judge Thomas Matthews’ ruling overturns a June 15 decision by Division of Elections Director Carol Beecher to disqualify the challenger and keep him off the primary ballot. Matthews’ ruling can be appealed to the state Supreme Court.

Attorneys for the state have said Tuesday is the deadline for a final ruling so that ballots for the Aug. 18 primary can be printed.

The judge ruled that the division’s decision to exclude Dan J. Sullivan because his candidacy was not “in good faith” was not based on the Constitution, Alaska law or the division’s own regulations. The retired teacher from the small fishing community of Petersburg filed to challenge the incumbent.

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Dan Sullivan, who has filed to run for U.S. Senate in Alaska, poses for a photo Friday, June 26, 2026, in Petersburg, Alaska.

Katie Holmlund/AP Photo


“Instead, the decision was based upon a new, previously unstated, ‘good faith’ criteria,” the judge wrote.

The division is appealing the decision, Sam Curtis, a spokesperson with the state Department of Law, said by email Saturday. Jeffrey Robinson, an attorney for Dan J. Sullivan, said in an email he expected the division to appeal and couldn’t comment until the Alaska Supreme Court rules on the case.

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The controversy over the two Dan Sullivans has underscored the stakes involved in the incumbent’s reelection campaign. The Alaska race is one of about half a dozen U.S. Senate races expected to be highly competitive in the fall, and the seat is one Democrats are trying to flip in their efforts to try to regain the majority. But it’s expected to be an uphill battle in a state that President Trump won by 13 points in 2024.

The senator and allies, including the National Republican Senatorial Committee, have condemned the challenger’s efforts to join the race, arguing his presence could confuse voters. Republican Lt. Gov. Nancy Dahlstrom earlier this month opened an investigation into the non-Senator Sullivan’s candidacy.

Under Alaska’s election system, the top four candidates from the primary, regardless of party, move on to the ranked-choice November general election.

The senator has accused the challenger Sullivan of working with Democrats and the campaign of Democratic former U.S. Rep. Mary Peltola — who is considered the senator’s main opponent — to cause confusion and boost Peltola’s chances. The sitting senator brought the situation to reporters’ attention at the Capitol earlier this month, accusing Democrats of being “complicit in trying to trick Alaskans” to “rig an election in their favor.” 

Dan Sullivan

Sen. Dan Sullivan, R-Alaska, speaks to reporters at the Capitol in Washington, D.C., June 30, 2025.

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Mark Schiefelbein/AP Photo


Peltola’s campaign and state Democrats have denied the allegation, as has the challenger.

Sen. Sullivan and Peltola are the highest-profile candidates in the crowded race and the only ones to report raising any money.

Beecher has said she determined the challenger Sullivan is not eligible to run because his candidacy was not filed in good faith and instead was done with an intent to confuse voters. She said he had registered to vote as Daniel J. Sullivan Jr. and, in conjunction with his candidacy, changed his party affiliation to Republican. She also cited similarities between his campaign website and the senator’s, and his work with a consultant whose clients have included some Democrats. She did not mention finding any evidence of alleged coordination.

In arguing to keep the challenger disqualified, attorneys for the state pushed back on suggestions the ballot could be designed in a way to reduce voter confusion over two candidates with the same name and party running for the same office.

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“The Constitution does not require States to place a sham candidate on the ballot and then attempt to mitigate the damage through design choices,” attorney Rachel Witty, with the Alaska Department of Law, and outside attorneys Christopher Murray and Michael Francisco wrote in court filings.

Attorneys for the challenger Sullivan argued that the Constitution lays out three exclusive qualifications for the Senate, addressing only age, citizenship and residency. They said Beecher lacked the legal authority to boot their client off the ballot.

The challenger Sullivan has said that sharing a name and party affiliation with the incumbent gave him “an instant megaphone.” But the 69-year-old retired teacher and former U.S. Forest Service employee said he had considered a run for some time and had grown frustrated with the senator.

He initially was certified on the state’s candidate list as Dan J. Sullivan, with the senator listed as Dan S. Sullivan and identified as the incumbent.

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