Expectations run high for Kilometre 88
Hopes are high for companies active in Venezuela, particularly those with ground in the Kilometre 88 region on the eastern border of the country. Placer Dome (TSE) sparked a rush in the area in late 1…
Articles by Northern Miner Staff
Ontario orders Denison to post $100 million bond
Already teetering on the verge of bankruptcy, Denison Mines (TSE) has been pushed even closer to the edge after being served two orders by the Ontario government to clean up its former uranium mining …
Saudia Arabia an oasis of exploration
Saudi Arabia is known primarily for three things oil, sand and petro-dollars. The Saudis want to add metal mining to that list. Few people regard the desert kingdom as holding out much hope for base o…
Table Mountain development going smoothly for Cusac
Murphys Law appears to have been repealed at the Table Mountain project near Cassiar, B.C. Cusac Industries (TSE) has found that the Michelle Highgrade zone is not under water as previously thought. I…
Rio Algom terminates Key Anacon option
Citing the unlikelihood of finding a base metals deposit to meet its economic requirements, Rio Algom (TSE) has dropped its option on the Key Anacon Mines (TSE) property in the Bathurst camp of New Br…
Flag resumes drilling Wanapitei anomaly
Drilling has resumed at Flag Resources (ASE) Wanapitei property near Sudbury, Ont. At presstime, a 1,700-ft. hole at Wolf Lake had been extended to 2,000 ft. on its way to a targeted depth of 3,000 ft…
Record price paid for Nymex seat
A seat on the New York Mercantile Exchange (Nymex) recently sold for a record US$400,000. The previous high of US$395,000 was set a few days earlier, which surpassed an earlier record value of US$350,…
GOLD FUNDS (January 03, 1994)
Gold Funds as of Dec. 28 BGR Central Net Value $15.78 $6.49 Price $14.25 $6.750 Premium 4% Discount 9.67% Value $88,367,000 $122,170,275…
1993 A LOOK BACK — Brookbank appeal, Seabright ruling
Significant court rulings in 1993 included an appeal decision concerning the Brookbank gold project in northwestern Ontario and the Seabright case in Nova Scotia. In a decision by the Ontario Court of…
Green light for Freeport expansion
By the end of 1995, Freeport-McMoRan Copper & Gold (NYSE) expects to have expanded its mine and mill in Indonesia. An expansion to 115,000 from 66,000 tonnes per day is planned. The completion is to b…
METALS MARKETS — Spot prices at a glance
Weeks Price (US) Change Gold* $385.65 – $0.75 Silver* $ 5.09 + $0.09 Platinum* $388.50 + $3.00 Nickel** $ 2.42 + $0.02 Lead** $ 0.22 + $0.01 Copper $ 0.82 + $0.01 Zinc $ 0.44 – $0.01 Courtesy of Scoti…
Cathedral Gold trenches gold
Further trenching on the Kaburi-Eldorado project in Guyana has returned more high-grade gold values. Cathedral Gold (TSE) is earning up to a 90% interest in the property which is 20 miles northwest of…