Articles by Northern Miner Staff

ExchgValue($000s)CloseBre-X MnrlsT62502620.80Barrick GoldT…

Ontario’s Red Lake gold camp was booming in 1936.No fewer than 12 new mine shafts were being sunk that year, causing the town’s population to double within a short period. At the time, Placer Dome’s C…

Diamond-hunters Ashton Mining of Canada (ACA-T) and Pure Gold Resources (PUG-T) have discovered two new kimberlites in the Buffalo Hills area of north-central Alberta, bringing to seven the number fou…

Diamond drilling by Prospectors Alliance (PALL-C) continues to generate positive results from the Alder Pond base metal property in northern Maine.A drill program is delineating the flat-lying, northe…

Spurred on by an almost continuous rise in gold prices, the Toronto Stock Exchange’s composite 300 index hit several new highs during the trading period Feb. 12-18, rising 1.8% from the previous week …

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb. 17/97 (change from previous week in brackets):Aluminium910,625(-15,025)Copper220,625(+2,150)Lead110,100(-800)Nickel45,7…

Gold Funds as of February 13, 1997BGRCentralNet Value$21.72$5.97Price$17.25…

Wednesday, February 19, 1997Price (US)Week’s ChangeGold*$346.10+ $9.20Silver*$ 5.2…

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…

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…

1997Feb 18Feb 17Feb 14Feb 13Feb 12HighLowComposit…

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…