U.S. REPORT (March 09, 1992)
In order to get a better handle on deep mineralization below open pit reserves, Atlanta Gold (TSE) may rehabilitate some old underground workings at its 100% owned Atlanta Gold property in Elmore Cty….
News
Hemlock further explores Golden Quail property
A second phase of drilling is under way at the Golden Quail property in San Bernardino Cty., Calif. Located about 12 miles west of Viceroy Resources’ Castle Mountain project, the property is under opt…
Gutrath increases Queenstake interest
Gordon Gutrath, president of Queenstake Resources (TSE), recently increased his holdings in the company to 17.34% through the purchase of 1.44 million shares from Australian firm Sandhurst Mining. Gut…
FMC makes plans for lithium source
Plans to explore and develop a source of lithium in Bolivia were announced recently by FMC (NYSE). Source of the lithium is a brine deposit considered to be among the largest reserves of the mineral i…
Restructuring plans at Breakwater
The previously announced corporate restructuring of Breakwater Resources (TSE) moved a step closer to fruition with the recent execution of a formal agreement with a group headed by Roy Shipes of Tucs…
Mimiska acquiring Nevada property
An agreement to purchase 100% of the Malachite gold-silver-copper patented mining claim in Lyon Cty., Nev., from Lexus Minerals has been entered into by Societe Miniere Mimiska (ME). Mimiska said a st…
Record diamond output at Argyle
The Argyle mine in western Australia, the world’s largest producer of diamonds, turned out a record production in 1991 of 35 million carats, Ashton Mining of Melbourne reports. Ashton, which has a 40%…
Con chalks up record output of 123,000 oz.
A production record of 123,000 oz. gold was set in 1991 by a unit of Nerco (NYSE) at its Con gold mine on the outskirts of Yellowknife, N.W.T. The Canadian operation was the largest contributor to Ner…
Growth prospects for coal industry
In a recent report, Coal in Canada, the Canadian Energy Research Institute in Calgary reviews the history and current status of Canada’s coal industry. While coal is both an important source of domest…
Placer’s output almost 1.7 million oz.
New ore discovered at nine operating mines are reported to have more than offset the 1.68 million oz. gold produced to the account of Placer Dome (TSE) in 1991. The Vancouver-based major said gold res…
Alaska production up 4% in 1991
Gold, coal, zinc and silver mining production in Alaska increased to a total value of US$554 million in 1991, a 4% increase over the previous year. A preliminary report on Alaska’s mineral industry re…
Alberta Stock Exchange (March 09, 1992)
News about Durvada Resources’ plan to bring its Yellowhorse-Chiquita claims near Las Vegas, Nev., to small-scale production didn’t seem to cause much excitement among investors. Trading 66,700 shares,…