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…
Articles by Northern Miner Staff
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…
Platinova receives backing from Greenland
Toronto-based Platinova (PAS-T) has secured a private placement with the government of Greenland.Greenland has purchased 1.4 million Platinova shares at $1.51 per share, the total value of which is $2…
STOCK MARKETS — Gold stocks slammed by troubled bullion market — Gold sale Down Under gives investors the jitters
While the Toronto Stock Exchange continued to set records over the report period July 2-8, the TSE’s gold and precious minerals sub-group, wounded by the meltdown in the gold market, lurched to an ind…