Noramex explores Nevada gold bet
Noramex Minerals says a $200,000 exploration program is under way at its Bunce gold project near Lovelock, Nev. The work is being funded by Calvada Resources which can earn a 60% interest for $1.6 mil…
Articles by Northern Miner Staff
Majority of world’s gold used in jewelry-making
Jewelry fabrication accounts for almost 60% of the gold coming on the world market, with industry, small bars and coins taking up their fair share of the precious metal. British author Timothy Green, …
Musto funds earmarked for Utah project
Musto Explorations says it’s “continuing to explore a number of alternatives for improving its working capital position.” President H. Lutz Klingmann confirms that some of the funds would be used to f…
Placements raise $7m for Galveston
Two agreements with NIM and Co., Ltd. Partnership — 1987, dealing with private placements of common shares on a flow-through basis, have been closed by Galveston Resources. The agreements provide for…
Canadian Gold raises $1 million for programs
Canadian Gold Resources reports it has raised $1 million for exploration programs on several Ontario properties. According to President Gordon Leliever, $500,000 secured from Colray Resources will be …
Inco Sudbury mine technological triumph
Inco Ltd. has shipped the first train load of nickel-copper ore from its newly-reopened Crean Hill mine at Sudbury, Ont. The reactivated mine is being made all-electric and will be one of the most tec…
Significant widths on Nova Scotia bet
Shallow drilling from surface, financed by Alberta-listed Greenstrike Gold Corp. has intersected significant widths of ore grade gold mineralization on a property in Halifax Cty., N.S. Preliminary dri…
COMMODITY FUTURES PRICES N.Y. Commodity Exchange
Week’s High Low Close Change COPPER (in US cents per lb.) May 68.60 67.65 68.00 + 3.10 July 67.65 66.60 66.95 + 2.75 Sept. 66.85 66….
Cominco to investigate wollastonite property
Minerals play a key role in advanced industrial materials such as polymer-based composites and advanced ceramics. And Cominco Ltd. is planning to capitalize on the potential for mining these minerals….
Master signs deal to explore Hunter gold mine in Timmins
The gold discovery that started it all in the Timmins-Porcupine camp in 1908 — the old Hunter Gold mine — could come to life again. Eric Davis, chief executive officer of coats-listed Wabigoon Resou…
Metal Prices FREE MARKET London Metal Exchange (May 18, 1987)
Spot closing prices in Pound Sterling per tonne Date May 12 May 11 May 8 May 7 May 6 Copper 909-910 918-920 860-908 892-893 876-877 Lead 409-413 419-421 …
New mill, gold mine are planned by Lac
A new mill for Kirkland Lake and a decision to develop Bousquet No 2 mine in northwestern Quebec have been announced by Lac Minerals. The $13-million mill, to process ore from Lac’s Macassa operation …