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…
Articles by Northern Miner Staff
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…
Orvana drills to upgrade Don Mario resource
Drilling by Orvana Minerals (ORV-T) is confirming the continuity of high-grade gold mineralization at the Don Mario project in Bolivia’s San Cruz province.The program is aimed at upgrading the drill-i…
Pan African updates exploration plans
Junior Pan African Resources (PARC-C) continues to step up exploration efforts in the continent from which it takes its name. A round of drilling has just wound down in Mali, one has just wound up in …