First Dynasty concludes Armenian deal
After months of negotiations, First Dynasty Mines (FDM-T) is about to conclude a deal with the Armenian government for reactivation of the Zod and Meghradzor gold mines.The deal, which is expected to …
Articles by Northern Miner Staff
GOLD FUNDS (August 25, 1997)
Gold Funds as of August 14, 1997BGRCentralNet Value$18.64$5.60Price$14.80…
DIAMOND PAGE — SouthernEra finds new pipe at Back Lake
A new kimberlite has been exposed by hand-trenching and test-pitting on the Back Lake project, northeast of Camsell Lake in the Northwest Territories.The kimberlite body is land-based and was found by…
METAL PRICES — Daily Metal Prices (August 25, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateAug. 19Aug. 18Aug. 15Aug. 14A…
PRODUCER AND DEALER PRICES (August 25, 1997)
Aluminium: LME settlements US$1,711 per tonne, alloy $1,475 per tonne (Aug.19/97).Antimony: Composite free market, US$1,890 per tonne (Aug. 18/97).Bismuth: Composite free market US$3.60 per lb. (Aug. …
Resource expands at Damoti Lake
Drilling by Quest International Resources (qix-t) has increased the resource of the Horseshoe gold zone at Damoti Lake in the Northwest Territories.The new resource is estimated at 606,000 tons gradin…
Nelson Gold (tse)*
3 months ended June 3019971996Revenue$3,710N-ANet earnings (loss)(2,672)(959)per share(0.04)(0.02)6 months ended June 3019971996Revenue$7,933$111Net earnings (loss)(2,285)(1,689)per shar…
Petro defaults at Blackdome
The deal is off between Petro Plus (PPV.A-A) and the owners of the Blackdome mine project, a former gold producer near Clinton, B.C.Petro Plus defaulted in making two payments totalling $1.4 million a…
LITERATURE REVIEW — NEWS ROUNDUP — Cartaway to drill near Voisey’s Bay
Work by Cartaway Resources (CWA-A) at its Cirque and BR-E projects in Labrador will resume once the company completes a rights offering worth $1.9 million. The properties lie within a 90-km radius of …
Mar-West outlines gold find in Honduras
In just three short months, Vancouver-based Mar-West Resources (MSR-V) has outlined a minimum 750,000-oz. resource in the Sinter zone, an exciting new gold find at its San Martin concession in central…
Armada cranks out record volume of copper in Mongolia
Armada Gold (AAU.U-T) reports that the jointly held Erdmin solvent extraction-electrowinning (SX-EW) copper plant in Mongolia produced a record 315 tonnes of copper cathode in July.The plant is curren…
LITERATURE REVIEW — NEWS ROUNDUP — Kernow, Tellis hunt for diamonds
Labrador’s Voisey’s Bay region may be known for its nickel-copper-cobalt deposit, but Kernow Resources & Development (KRD-V)and Tellis Gold Mining (TLL-V) are still hunting for diamonds on their Claim…