Gold Funds (February 24, 1997)
Gold Funds as of February 13, 1997BGRCentralNet Value$21.72$5.97Price$17.25…
Articles by Northern Miner Staff
Spot prices at a glance (February 24, 1997)
Wednesday, February 19, 1997Price (US)Week’s ChangeGold*$346.10+ $9.20Silver*$ 5.2…
Uranium Resources boosts earnings
The improved uranium market enabled Uranium Resources (URIX-Q) to report net earnings of US$262,000 for its 1996 fourth quarter, compared with a loss of US$41,000 for the same period a year earlier.Th…
Copperstone drills at Lucifer
Drills are turning on the Lucifer concession in Baja California Sur, Mexico.Copperstone Resources (CPP-V) is earning an 80% interest in the project from Island-Arc Resources (IAR-V).The 1,500-metre, 1…
Toronto Stock Exchange Indices (February 24, 1997)
1997Feb 18Feb 17Feb 14Feb 13Feb 12HighLowComposit…
Corriente finances Peruvian programs
Corriente Resources (CTQ-T) will use proceeds from a $20-million brokered private placement to fund exploration in Peru and Argentina.The company closed a private placement of 1.5 million special warr…
Loubel cuts more copper at Queylus
Junior Loubel Exploration (LBX-M) has drilled a new copper intersection on its Queylus property near Chibougamau, Que.Hole 5, drilled over a 3-km-long induced-polarization conductor inside a granitic …
NEWS IN BRIEF (February 24, 1997)
Consolidated McKinney Resources (CKY-V) has changed its name to Aztek Technologies (AZT-V) on a 1-new-for-5-old-share basis.
Arian completes engineering studies for Julietta
Having completed first-phase engineering studies, Arian Resources (ARA.U-T) is moving forward with plans to build a mine and associated infrastructure at the Julietta property in the Madagan region of…
Mansfield outlines new gold zone
Surface trenching on the Cerro Gordo property in the Argentine province of Salta is defining a northeast-southwest-trending zone of gold-silver mineralization.Mansfield Minerals (MDR-V) tested 1,300 m…
Roxmark drills in Geraldton camp
Drilling has resumed at the Geraldton, Ont., gold property held jointly by Toronto-based Roxmark Mines (RMK-T) and the Canadian subsidiary of Cyprus Amax Minerals (CYM-N).The 1997 program will span at…
Coeur d’Alene eyes gold producer
An option agreement sets the stage for Coeur d’Alene Mines (CDE-N) to acquire a producing gold mine next to its El Bronce operation in northern Chile.In the meantime, the company is buying ore from th…