Homestake to option Eskay properties
A recent letter of intent sets the stage for Homestake Mining (NYSE) to earn a 51% interest in two properties held by Ecstall Mining (VSE) in the Eskay Creek region north of Stewart, B.C. The two sepa…
Articles by Northern Miner Staff
Zappa drilling confirms, extends Dot copper zone
A recently completed 6-hole drilling program on the Dot property in central British Columbia confirmed and extended a previously identified zone of copper-oxide mineralization. Zappa Resources (VSE) i…
Skyline plans work programs in Iskut area
Gold prices may be testing new lows, but Skyline Gold (TSE) is forging ahead with plans to resume exploration on its land package in the Iskut River district of northwestern British Columbia. The juni…
TSE Short Positions (January 18, 1993)
Semi-monthly reports as of Dec. 31, showed 36,526,778 shares of 601 issues compared with 34,511,097 shares of 582 issues on Dec. 15. Larger individual positions included: Amer. Barrick 156,509, up 55,…
Gold Funds (January 18, 1993)
BGR Central Net Value $7.87 $5.08 Price $6.00 $4.45 Discount 23.80% 12.4% Value $44,717,000 $74,868,135.
USMX negotiates mine purchase
Denver-based USMX (NASDAQ) is close to completing the purchase of the Goldstrike mine near St. George, Utah, from owner Tenneco Minerals. James Knox, president of USMX, said negotiations are at an adv…
Mexico offers diversity of minerals
Mexico, with the oldest tradition of mining in Latin America, has become one of the most diversified mineral producers in the world, reports the U.S. Bureau of Mines. In 1985, prior to the collapse of…
Jilbey to drill Nakina area property
A drill program is scheduled to begin shortly on Jilbey Exploration’s (ME) base metal property near Nakina about 125 km north of Geraldton, Ont. An exploration program conducted late in 1992 delineate…
Ramrod plans second Campo drill
With six holes now complete on the Campo Seco gold property in Calaveras Cty., Calif., Consolidated Ramrod Gold (TSE) plans to bring a second drill on to the property. Last October, the company report…
Mining companies budget for exploration spending
The lower prices received for mineral commodities have affected corporate balance sheets but the search by producers for new reserves continues, as the chart below indicates. The 1992 figures were sup…
New contract to lower costs at Florida Canyon
A new mining contract at the Florida Canyon mine owned by Pegasus Gold (TSE) is expected to lower costs by about US$25 per oz. Mining at the open-pit, heap-leach gold mine near Winnemucca, Nev., is co…
Chase releases first Taysan assay
Assay results for the first hole of a continuing drilling program on the Taysan copper project in the Philippines returned a number of better than average copper values. Chase Resource (VSE) has an op…