Aruba gold exploration confirms 1872 reports
A mere six months after it obtained exclusive mining concessions to the Dutch Island of Aruba, located 15 miles off the coast of Venezuala, Monte Carlo Gold Mines has completed the first phase of a $2…
Articles by Northern Miner Staff
Geodome subsidiary awaits approval for gold project
A wholly-owned subsidiary of Geodome Resources is hoping to pour its first gold bar within a year at its Jordan Creek open pit project in Idaho. Sunbeam Mining reports it is planning to start plant co…
Small mines forum
The Society of Mining Engineers (American Institute of Mining, Metallurgical and Petroleum Engineers) is sponsoring a forum titled Small Mines Development in Precious Metals Aug 30-Sept 2 in Reno, Nev…
Belmoral completes financing of units
Belmoral Mines has completed the financing of 4.3 million units at $6.50 per unit with McLeod Young Weir International, the mining company reports. The financing raised an aggregate $27,950,000. The u…
Metal Prices FREE MARKET London Metal Exchange (July 20, 1987)
Spot closing prices in Pound Sterling per tonne Date July 14 July 13 July 10 July 9 July 8 Copper 1038-1040 1047.5-1048 1052-1053 1033-1034 1041-1043 Le…
Alberta Stock Exchange Disputes affect stocks
On a week when Alberta gold stocks awoke from recent slumbers, allegations of fraud and breach of contract affected a couple of issues quite differently. News that Mohave Gold will retain a 100% of it…
Construction work gets under way at Ketza River
Construction work has started on the Ketza River project of Canamax Resources and Pacific Trans Ocean Resources. Camp facilities are being installed, clearing of the mill site is under way, and road a…
Energy ups holdings adjoining Owl Creek
Energy International Overseas Corp. has now acquired 16 contiguous claims in the Timmins area adjoining Falconbridge’s Hoyle Pond and Owl Creek gold mines on the north, Geo. S. White, president, advis…
NSR helps finance exploration work on Rand Malartic
Toronto-based NSR Resources has obtained regulatory and shareholder approval to finance about half of a $4.4-million exploration program at the Rand Malartic property in Quebec. The balance of the fun…
owl Creek, Hoyle Pond are attracting interest
There’s been a lot of potential buyer interest since it was reported that Falconbridge Ltd. was considering selling off its Owl Creek and Hoyle Pond gold mines at Timmins, Ont., according to Falconbri…
Northair fends off hostile takeover bid
As anticipated, Northair Mines successfully defended a hostile takeover bid by Nanaimo-based Nor-Quest Resources. At the annual meeting a relieved Northair President Donald A. McLeod announced almost …
New gravel road to access Canamax and Magino mines
Construction of a 14-km all- weather commuter road, linking two new mine sites in the Goudreau-Lochalsh area near Wawa, Ont., is scheduled to begin later this year. While construction rests on the res…