LME WAREHOUSE LEVELS (April 21, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 14/97 (change from previous week in brackets):Aluminium835,175(-9,400)Copper155,775(-11,350)Lead107,925(+50)Nickel51,0…
Articles by Northern Miner Staff
ODDS `N’ SODS — The hour of the wolf
Many of us have recurring dreams, but some are such that they will stay with us forever. Such is my dream of the wolf.In 1964, a partner and I spent most of the summer conducting reconnaissance geolog…
Winspear and Aber hit kimberlite at Snap
Partners Winspear Resources (WSP-V) and Aber Resources (ABZ-T) have intersected 107 metres of a complex kimberlite breccia in the Snap Lake area of the Camsell Lake diamond project in the Northwest Te…
Greatest Value Traded, April 9-15
ExchgValue($000s)HighLowCloseChangeInco LtdT11885…
Channel, Solomon report Bombore assays
Encouraging results are reported from 42 reverse-circulation holes drilled on the Bombore joint-Venture gold project in Burkina Faso, West Africa.Channel Resources (CHU-V) has a 90% interest in the Bo…
Gitennes drills Virgen for bulk-Tonnage potential
Though bad ground hindered the first phase of drilling on the Virgen gold property in north-Central Peru, assay results reveal potential for a low-grade, bulk-Tonnage deposit.Gitennes Exploration (GIT…
DIAMOND BRIEFS — Monopros, Gerle return to Doyle
Drilling is set to begin on the LA 1-25 claims at the Doyle Lake project in the Northwest Territories.Under an option agreement, Monopros, the Canadian exploration arm of De Beers Consolidated Mines (…
LETTER TO THE EDITOR — Lobbyists pose threat to responsible mine development
Mining in Canada is important to local communities, particularly those in remote regions. Employment opportunities in the mining industry provide local economies with substantial and often essential e…
Greenshield Res. hits gold at Urban
In ongoing drilling, Greenshield Resources (GSR-M) has uncovered two gold zones at the Urban property, 185 km northeast of Val d’Or, Que.The junior is earning a half interest in the property from Moss…
Oroperu Res. raises $8.7 million — Money slated for Tres Cruces project in Peru
To finance its Peruvian projects, Oroperu Resources (OROP-C) has raised $8.7 million in a private placement.The placement, which was brokered by Yorkton Securities, consisted of 4 million special warr…
STOCK MARKETS — VSE composite and resource indices flattened by Bre-X debacle — Bright spots include Arizona Star, which unveiled resource estimate for Chilean gold-Copper play
The cloud of uncertainty looming over Bre-X Minerals continued to rain on most junior mining stocks.Led by the resource sector, the Vancouver Stock Exchange composite index lost 44.85 points, or 3.92%…
GOLD FUNDS (April 14, 1997)
Gold Funds as of April 3, 1997BGRCentralNet Value$21.43$6.04Price$16.75$6…