Epworth results in hand
Results were released by Rhonda Mining (RDM-A) for two targets drilled earlier this year by a unit of Noranda (NOR-T) at their 50-50 joint-venture Epworth project, 90 miles south of Coppermine, N.W.T….
Articles by Northern Miner Staff
TSE SHORT POSITIONS (August 19, 1996)
Short positions outstanding at July 31, 1996Larger individual positions included: Barrick Gold 10,127,048; Agnico-Eagle 297,060; Asia Pacific 116,715; Anvil Range 433,900; Atna Resources 114,600; Ande…
Royal Oak finances projects
Gold producer Royal Oak Mines (RYO-T) has completed a debt-financing to raise funds for its portfolio of Canadian development projects.The funds will be used to finance construction of Royal Oak’s fla…
Nord Pacific beefs up its projects in PNG and Australia
Nord Pacific Resources (NORPY-Q) has produced new resource estimates for advanced projects in Papua New Guinea and Australia.At the Tabar Islands gold project, on Simberi Island in PNG, the company ha…
Marmato drilling cuts mineralization
The first three holes drilled by Gran Colombia Resources (GCRI-C) have intersected near-surface, gold mineralization at the company’s concessions in the Marmato district of Colombia, 150 km northwest …
Callinan encouraged by War Baby drilling
Drilling at the War Baby property in Flin Flon, Man., has intersected a 5-metre interval grading 6.13% copper and 0.02 oz. gold plus 0.77 oz. silver per ton between a depth of 1,903 and 1,908 metres.T…
Rainbow seeks pot of nickel
Assays are expected shortly from diamond drilling carried out by Rainbow Petroleum (RBP-A) at the Copper Prince property near Sudbury, Ont.Core from the first five holes has been sent for assay, and t…
LETTER TO THE EDITOR — Ottawa may be setting a dangerous precedent
Contrary to the “On the Level” motto at the top of your editorial page, I think your theodolite took a bit of a tilt when you published the editorial “What a tangled web . . .” (T.N.M., July 1/96). Yo…
GOLD FUNDS (August 19, 1996)
Gold Funds as of August 8, 1996BGRCentralNet Value$23.35$6.50Price$18.15$…
Altai explores Philippine project
Junior Altai Resources (ATI-T) is testing the potential of the Mabulao copper-gold property in the past-producing Paracale gold camp, 200 km south of Manila in the Philippines.The camp has recorded pr…
Red Lake strike hurts Goldcorp
The suspension of operations at the Red Lake gold mine in northwestern Ontario was responsible for a jump in cash production costs, Goldcorp (G-T) reports.The mine ‘s production for the second quarter…
Mispec drills new gold-mineralized zone at Jampang property
Mispec Resources (MPE-M) has outlined a zone of gold mineralization on its 7,700-ha Jampang property in West Java, Indonesia.Acquired earlier this year, the property hosts gold workings and untested a…