Minorco eyes properties of Triarx Gold
Resource giant Minorco has entered the Papua New Guinea resource sector by forming a joint venture with a Toronto-based junior holding several projects in the Southeast Asian nation.The recent agreeme…
Articles by Northern Miner Staff
Inter-Rock expands Daisy
Inter-Rock Gold (IRO-T) reports that infill and extension drilling on the northern part of the Mother Lode deposit at its Daisy gold mine near Beatty, Nev., may eventually boost the mine’s tonnage and…
Cumberland reports strong grades at Meliadine
The latest results from the Meliadine West gold project in the Northwest Territories bode well for equal partners Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T).The project is under option…
PRODUCER & DEALER PRICES (July 14, 1997)
Aluminium: LME settlements US$1,545.50 per tonne, alloy $1,410 per tonne (July 8/97).Antimony: Composite free market, US$2,025 per tonne (July 7/97).Bismuth: Composite free market US$3.85 per lb. (Jul…
STOCK MARKETS — Gold drops like a brick as western markets stumble — Junior explorers hit hardest, despite good news for some
Gold tumbled to a 12-year low during the report period ended July 8, with western markets following close behind. The Vancouver Stock Exchange composite index lost 60.86 points, or 7.03%, to close at …
Mongolian mining still in infancy
Mongolia is a vast highland country, land-locked between Russia to the north and China to the south. The breakup of the Soviet Union in 1989 ended some 70 years of influence over Mongolia, which has e…
GOLD FUNDS (July 14, 1997)
Gold Funds as of July 03, 1997BGRCentralNet Value$19.36$5.69Price$14.85$5…
Underground program proceeds at Beaver Brook — Exploration aims to expand reserves
With mill construction now complete, Roycefield Resources (RYC-T) expects to begin processing antimony ore next month at its Beaver Brook project in central Newfoundland.The company spent $4.6 million…
Gold Reserve steams ahead in Venezuela
Spokane-based Gold Reserve (GLR-T) is determined to overcome all obstacles in its effort to produce gold from the Las Brisas del Cuyuni concession in the Kilometre 88 district of eastern Venezuela.Whi…
Western Pinnacle takes stock in Russian potential — Advances Kyuchus gold project to feasibility stage
Unlike other Western mining companies active in Russia these days, Western Pinnacle Mining (WPN-V) is the only one with its head office and executives based in this city, a situation it sees as a dist…
Francisco drills in north Mexico
To accelerate drilling, Francisco Gold (FGX-V) has mobilized a third rig to the Sauzal gold property in Mexico’s Chihuahua state.The program is drill-Testing potential targets that extend immediately …
Venezuelan gov’t faces opposition in forest exploration plan
The government of Venezuela is receiving criticism from environmentalists, opposition party members and native leaders for its decision to open the Imataca Forest Preserve to mineral exploration.The a…