Comaplex hits gold at Noomut River
Drilling at the Noomut River gold project of Comaplex Minerals (CMF-T) has revealed several impressive mineralized intervals. The project is situated near Rankin Inlet, in the eastern portion of the N…
Articles by Northern Miner Staff
PEOPLE — HTVX
Alan De’ath appointed senior vp and CFO. Valerie & John Hick, Colin Dobell and Owen Owens appointed directors.
PEOPLE — SPUR VENTURES (October 20, 1997)
Robyn Storer appointed vp of finance.
GEOLOGY 101 — Placer gold deposits, Pt. 2
Although placer gold deposits have yielded less than 10% of Canada’s gold production, their discovery played an important role in attracting settlers to remote areas of the country.For example, the Ca…
Franco, Euro advance Ken Snyder to production
Faced with the real possibility of declining royalty payments from future operations along this state’s Carlin trend, Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have decided to enter th…
DIAMOND BRIEFS — Ashton closes rights offering
A rights offering by Ashton Mining of Canada (ACA-T) raised $15.7 million.Proceeds will be used to fund ongoing exploration in North America, including a work program under way at an extensive field o…
GOLD FUNDS (October 13, 1997)
Gold Funds as of October 2, 1997BGRCentralNet Value$18.67$5.94Price$14.45…
African conference set for ’98
A conference showcasing mineral investment opportunities in Africa will be held Feb. 3-5 at the Cape Sun Intercontinental Hotel in Cape Town, South Africa.The conference, entitled “Investing in Africa…
PRODUCER AND DEALER PRICES (October 13, 1997)
Aluminium: LME settlements US$1,646 per tonne(Oct. 7/97).Antimony: Composite free market, US$1,930 per tonne (Oct. 7/97).Bismuth: Composite free market US$3.40 per lb. (Sept. 30/97).Cadmium: Composite…
LME WAREHOUSE LEVELS (October 13, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct.6/97 (change from previous week in brackets):MetalStocks (tonnes)Change…
Moneta intersects new zone at Nighthawk
A second phase of drilling by Moneta Porcupine Mines (ME-T) has intersected a new gold zone on the Nighthawk Lake project, near Timmins, Ont.The gold mineralization occurs in quartz veins within alter…
Russia’s Kamchatka state opens ground for copper, gold exploration
The government of the Russian state of Kamchatka has begun accepting tenders for mineral exploration and development rights for two regions believed to be prospective for copper, gold and silver.The t…