NovaGold Resources Receives Lifeline
February 2009 by Scott HarnThe company’s stock had plunged when it announced in November that it wouldn’t have sufficient cash to meet obligations if it couldn’t raise additional funds by the end of 2008. It began 2008 at $8.85 per share and ended the year at $1.47.
There is little question that the crisis in Europe completely dominated world financial headlines last month. We saw nations such as Finland, Austria, France, Belgium and Hungary, which had previously appeared untouched by developments, suddenly become vulnerable to higher domestic interest rates.
The mining and logging camp of Zeballos (pop. 272) is located on an arm of Esperanza Inlet, on the southwest side of Vancouver Island, British Columbia. Vancouver Island is 301 miles, by road, and reaches elevations as high as 7,249 feet.
The concentrate is just the heaviest of the heavy minerals but some sulfides are sneaking in there also with the gold...
Four miners were killed in eastern Ukraine in two separate accidents during one week in May in the country's troubled mines, emergency officials said.
We split up in order to cover a larger area and found good color almost everywhere. The bedrock was shallow on both sides of the river, but the inside bend was where we concentrated our prospecting.
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