Kilo commences drill program
A summer drill program by Kilo Gold (ASE) started in June to test the company’s gold exploration property in the Apex Mountain area of southern British Columbia. The company plans several holes to del…
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LETTERS TO THE EDITOR — Time to give an ounce gold
What a super great idea! Henry Cummings in his letter to the editor suggested: “Let’s bail out gold with a `buy an ounce’ campaign” (T.N.M., June 1/92). “Let gold bail us out,” I think. “Come on and g…
Williams top gold mine despite 75,000-oz. drop in production
Despite a significant drop in output at Canada’s top gold producer, the Williams mine near Hemlo, Ont., cumulative production from the nation’s 12 largest gold mines edged up slightly to 2.8 million o…
Placer options Cat North claims
A recent formal agreement allows Placer Dome (TSE) to earn up to a 70% interest in the Cat North claims owned by Lysander Gold (VSE) north of Prince George, B.C. The claims are adjacent to the BP Cana…
Battle Mountain drilling Phoenix
A unit of Battle Mountain Gold (NYSE) recently started a 6,000-ft. diamond drill program on the Phoenix project aimed at locating large-tonnage gold-copper skarn deposits. The property is in the Green…
B.C. coal producers’ losses foreshadow mine closures
The financial fortunes of British Columbia’s coal producers moved from bad to worse in 1991, with losses before extraordinary items topping $62 million. This compares with a loss of $4.1 million befor…
Madeleine evaluates autoclaves
Toronto-based Madeleine Mines (TSE) is experimenting with a hydrometallurgical process designed to recover palladium-platinum, gold and base metals from its Lac des Iles property near Thunder Bay, Ont…
Gilson appeals prison sentence
A 3-month prison term has been handed to Ronald Gilson for authorizing, permitting or acquiescing in the issuance of a misleading press release by junior Silver Bar Mines. Gilson, president of the com…
Victoria acquires Arizona ground
A recently signed letter of intent gives Victoria Resources (VSE) the right to earn a 100% interest in the West Hills copper-oxide property in Cochise Cty., Ariz. Victoria can earn the interest by pay…
NEWS ROUNDUP — Flag drills second hole at Wanapitei
Calgary-based Flag Resources (ASE) is drilling a second deep hole in Mackelcan Twp. near Sudbury, Ont., as part of a program to probe the source of the Wanapitei geophysical anomaly. Now at a depth of…
Loki asks Hemlo to prepare Brewery Creek feasibility
Having earned a 49% interest in the Brewery Creek project near Dawson, Yukon, Loki Gold (VSE) is requesting the operator Hemlo Gold Mines (TSE) to present a program contemplating the preparation of a …
NEWS ROUNDUP — RTZ completes Rio Algom offering
British mining conglomerate Rio Tinto Zinc, through subsidiary RTZ Canada, recently completed a secondary offering of 22.5 million common shares of Toronto-based Rio Algom (TSE), priced at $16.10 per …