Laramide drills test new zone
The latest round of drilling by Laramide Resources (LAM-T) is testing a newly discovered zone at the Cerro Colorado gold project in Mexico’s Sonora state.Six of nine recent holes intersected mineraliz…
Articles by Northern Miner Staff
Dakota pours gold at Illinois Creek mine
Following a winter season marked by corporate change, the Illinois Creek gold mine in west-Central Alaska has poured its first gold bar. The mine, situated 325 miles northwest of Anchorage, experience…
Sulliden explores near Nugget Pond
Sulliden Exploration (SUE-M) has begun the second phase of exploration at its Red Cliff Pond-Long Pond project on Newfoundland’s Baie Verte Peninsula.The project area is adjacent to the recently opene…
INSIDER TRADING — Sutton insiders find spring a good time to sell
Senior officers of Sutton Resources (STT-V) were active in the market in March and April of 1997, according to the Ontario Securities Commission.James Sinclair, director, exercised 130,000 options at …
Legislation aids mining ventures
Mongolia’s resource sector is expected to benefit from a series of amendments to the country’s investment laws.The legislation was enacted following an international investors conference sponsored joi…
PEOPLE — EMPEROR GOLD (July 14, 1997)
James Askew appointed president and chief executive officer.
GREATEST VALUE TRADED (July 14, 1997)
ExchgValue($000s)HighLowCloseChangeBarrick GoldT2…
DIAMOND NEWS ROUNDUP — United Reef plans to market more diamonds
In June, a newly commissioned recovery plant at the MBala project in the Central African Republic enabled United Reef (URP-T) to recover 486.48 carats of diamonds from the processing of 7,907 tonnes o…
SPOT PRICES (July 14, 1997)
Wednesday, July 9, 1997Price (US)Week’s ChangeGold*$315.75- $15.70Silver*$ 4.28…
MOST ACTIVE ISSUES, JUNE 25-JULY 1
ExchgVol(000s)CloseBarrick GoldT497930.05Placer DomeT…
Gold Funds (July 07, 1997)
Gold Funds as of June 26, 1997BGRCentralNet Value$19.49$5.83Price$15.15$5…
LME Warehouse Levels (July 07, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 30/97 (change from previous week in brackets):Aluminium670850(-12425)Copper128325(+6075)Lead116500(+550)Nickel52284(-2…