Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) has welcomed the U.S. Department of the Interior's decision to transfer approximately 1.4 million acres of federal land within Alaska's Dalton Utility Corridor to the State of Alaska. The company said this move could support infrastructure development, including the proposed Ambler Road project, and help advance critical mineral exploration and development in the Ambler Mining District.
The Ambler Mining District is one of the richest and most prospective known copper-dominant districts in the world, hosting polymetallic volcanogenic massive sulfide (VMS) deposits containing copper, zinc, lead, gold, and silver, as well as carbonate replacement deposits with high-grade copper and cobalt mineralization. Trilogy Metals holds a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the Upper Kobuk Mineral Projects (UKMP) in northwestern Alaska. South32, a globally diversified mining and metals company, exercised its option in December 2019 to form a 50/50 joint venture with Trilogy Metals.
Exploration efforts have focused on two deposits: the Arctic VMS deposit and the Bornite carbonate replacement deposit, both located within a land package spanning approximately 190,929 hectares. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation, providing a framework for exploration and potential development in cooperation with local communities.
Trilogy Metals' vision is to develop the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods. The land transfer is seen as a critical step toward enabling the Ambler Road project, which would provide access for mining operations and infrastructure development.
For more details, the full press release is available at https://ibn.fm/fT50a.
