Denison, Greece sort out oil deal
The government of Greece plans to nationalize the oil and gas fields in the Aegean Sea held by an international consortium led by Denison Mines. In March the government said it would draft a bill allo…
Articles by Northern Miner Staff
Charlim and Ormico buy Direct interest
Recently increasing their interest in the Goldex gold extension property located in Dubuisson Twp. about six km from Val d’Or, Que., were Ormico Exploration and Charlim Explorations. The two companies…
Partial dewatering by Cambior, Maufort
The first six levels of the former Siscoe gold mine in northwestern Quebec were dewatered during the recently completed first-phase of an exploration program being undertaken on the property by Cambio…
Expansion complete, Gordex set to pour 12,000 oz in ’88
Although the company poured its first gold bar in June, 1986, Gordex Minerals of Saint John, N.B., has had to find a technological fix to bring its small Cape Spencer gold mine officially into commerc…
Gold-backed Giscard bond poses problems for French
A bond issued almost 15 years ago which is backed by a large amount of gold and which carries a Jan 16 redemption date is causing problems for the French government. Six-and-a-half-million Giscard bon…
Montreal Exchange: Abitibi Metals popular
What looked to be a definite upturn in the market, with the gold price stepping however briefly over the $500(US)-per-oz hurdle and the me’s mining and minerals index experiencing daily gains of 33.6 …
Letters to the Editor Another vote for a Hall of Fame
As a son of a well-known prospector, I’m very concerned that we are losing a vital part of our mining heritage; our prospector. The prospector’s role in the industry today has changed dramatically sin…
Kaaba/Alawas start heap leaching test
Construction of the first leaching pad at the Picacho gold project of joint venture partners Kaaba Resources and Alawas Gold in Imperial Cty., Calif., is progressing on schedule. The leaching pad and …
Platinova/Cominco in south Alaska venture
Partners Platinova Resources and Cominco American Inc. have identified a number of gold-copper-silver mineralization centres in a new south central Alaskan gold district, Platinova said recently. With…
Metal Prices FREE MARKET (December 14, 1987)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Dec. 8 Dec. 7 Dec. 4 Dec. 3 Dec. 2 Copper 1490-1493 1440-1445 N/A 1475-1480 1490-1500 Lead …
Dolphin financing
A private placement has been arranged between Dolphin Explorations of Vancouver and cmp 1987 Resource Partnership and Co., Limited II, whereby Dolphin will receive $1 million in exploration financing …
Western Canadian excited by results
More than $1.5 million of a $1.75-million exploration budget this year was spent by Western Canadian Mining on its Kerr and Goosan properties in northwestern B.C., and results have been exciting. High…