Northern Dynasty raises financing
Northern Dynasty Minerals (NDM-V) has arranged a private placement of 600,000 units priced at $1.20 each.A unit consists of one common share and one non-transferable share purchase warrant, which can …
Articles by Northern Miner Staff
METAL PRICES — FREE MARKET (October 14, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateOct. 8Oct. 7Oct. 4Oct. 3Oct. 2…
Rhonda confirms find of lead-zinc-silver in Territories
Drilling by Rhonda Mining (RDM-A) at the Epworth property in the Northwest Territories has revealed lead-zinc-silver mineralization averaging 10 ft.thick in 21 drill holes.Ownership of the project is …
Quest goes underground at Damoti Lake
A US$2.5-million program of underground exploration is testing the continuity of high-grade oreshoots at the Damoti Lake gold project in the Northwest Territories.Quest International Resources (QIX-T)…
PEOPLE — WESTWARD
T. Magee appointed president.
Eden Roc steps up drill-testing
Toronto-based Eden Roc Mineral (EDN-T) is drilling its Aniuri, Asupiri and Adiopan prospects in Ivory Coast to test their potential for hosting sulphide reserves.Other drills are testing exploration t…
USMX set to mine gold at Illinois Creek
With the first gold pour slated for early November, USMX (USMX-Q) is putting the finishing touches on its Illinois Creek gold mine in western Alaska.Construction of the heap-leach pads is almost compl…
GAC prepares to host technical conference in spring
The Geological Association of Canada (GAC) will host a technical conference during May 19-21, 1997, at the Ottawa Congress Centre in Ottawa.Entitled “New Horizons in Earth Sciences,” the conference wi…
DIAMOND NEWS ROUNDUP — Cypango to test Yamba Lake
Drills are ready to turn on the Yamba Lake property in the Northwest Territories.Cypango Ventures (CAV-V) can earn a 51% interest in the claim block from partners Tanqueray Resources (TQY-A) and Mill …
Nelson Gold revives Jilau mine
Operations at the Jilau mine in Tajikistan have resumed following discussions between Nelson Gold (NLG-T), the Tajikistani government and International Finance Corporation.Production started in the fi…
STOCK MARKETS — All flat on the western front
The Vancouver Stock Exchange composite index remained flat over the report period ended Oct. 8, slipping 5.59 points to close at 1,199.91. The resource index, meanwhile, finished up 21.53 points at 2,…
TSE Short Positions (October 14, 1996)
Short positions outstanding at September 30, 1996Larger individual positions included: Abacan Res. 44,800, down 580,850; Barrick Gold 10,078,747, up 554,246; Agnico-Eagle 694,478, up 366,575; AJ Perro…