On the level (January 13, 1992)
Before closing the books on 1991, there are still a few comments from readers that I’ve failed to address, including the following letter from Westmin Resources’ project geologist Paul Lhotka, Ph.D. “…
News
Asarco drops Taseko property
After funding over $1 million of exploration over the past two years, a unit of Asarco (NYSE) recently dropped its option to earn 60% of the Taseko copper-gold property west of Clinton, B.C. Westpine …
B.C. appeals Cream Silver decision
The government of British Columbia is appealing the decision of the province’s Supreme Court which ruled late last year that Cream Silver Mines (VSE) is entitled to compensation for the expropriation …
Melinga, Comaplex plan summer work
The first phase of exploration on a 1,000-square-mile property in Griffin Lake-Cullaton Lake area of the Northwest Territories, 360 miles northeast of Stoney Rapids, Sask., is scheduled to get under w…
Breakwater works at restructuring
Financially beleaguered Breakwater Resources (TSE) is continuing negotiations with an undisclosed party aimed at reaching an agreement for a restructuring plan. The company, which has reported heavy l…
LETTERS TO THE EDITOR (January 13, 1992)
In reference to the article “Air prospecting less in demand” (T.N.M., Dec. 2/91), it is true there is less flown now than in the past. But what people must realize is that now the quality of the colle…
Newmont mine yields million oz.
A North American mine produced more than one million ounces gold in 1991. The Gold Quarry mine of Newmont Gold (NYSE) in northeastern Nevada yielded about 1,025,000 oz. during the year. The mine set i…
CIM sponsors Students’ Nite in Toronto
The president of Brian E. Felske and Associates Ltd. will discuss “international mining: challenge and opportunity” at the Students’ Nite Dinner on Jan. 23 of the Toronto branch of the Canadian Instit…
PEOPLE (January 13, 1992)
Ian Gollop appointed executive vice-president. FENWAY RESOURCES George Donaldson appointed vice-president, corporate development. MERCANTILE GOLD Tim Pinchin, Don Crossley and Mark Holden appointed di…
AquaGold to produce limestone
AquaGold Resources (ASE) says it will concentrate on bringing the Glen Morrison limestone deposit near Sydney, N.S., into production after a reverse takeover of the company by Municipal Capital. Munic…
EDITORIAL PAGE (January 13, 1992)
Over the years we have found it is impossible to predict the outcome of any legal action. The workings of Canada’s courts are a mystery, the secrets of which are not fully known even by the society of…
GOLD FUNDS (January 13, 1992)
BGR Central Net Value $8.32 $4.91 Price $7.63 $4.350 Discount 8.36% 11.4 Value $49,545,000 $73,185,705…