U.S. REPORT Ball mill shuts down Oracle Ridge
An electrical fault in the stator of the ball mill at the Oracle Ridge mine has temporarily shut down operations. Oracle Ridge is an underground copper-silver-gold mine in Arizona, 70% owned by South…
News
Vancouver Stock Exchange Prime Res. stock gets boost
Both the VSE’s composite and resources indices gained ground during the week ended June 4. The latter jumped by 23.12 points to finish at 541.92, while the composite index added a more modest 9.82 poi…
Montreal Exchange Top American traders
Two companies sporting the name “American” in their titles, American Reserve Mining and American Barrick Resources, were among the heavy traders during the week ended June 4. American Reserve, which …
Santa Rosa may start in early ’92
A 10,500-metre (34,450-ft.) drilling program recently completed at the Santa Rosa project has confirmed previous owner Freeport McMoRan’s work. Now jointly owned by Greenstone Resources (TSE) and Boli…
PEOPLE LAYFIELD RESOURCES
Larry Winsor and Brian Koehn appointed directors.
Minorca drilling at Nicobi Lake
Minorca Resources (TSE) continues to intersect copper-nickel-rich massive sulphides at its 57-claim Nicobi Lake property near Quevillon, Que. Drilling on the property has outlined three parallel zone…
PEOPLE HEMLO GOLD MINES
Patrick McCulloch appointed director.
Merger may lead to relocation for Barrick
Toronto-based American Barrick Resources (TSE) could ease the way toward a proposed merger with Newmont Mining (NYSE) and 90.1% owned Newmont Gold (NYSE) by incorporating as a U.S. company, analysts s…
Corrections Noranda
Noranda (TSE) recently tested down-plunge extensions of Lightning zone at 600-800 metres, not feet as previously reported (T.N.M, June 3/91).
Eastmaque’s American Girl boosts first-quarter output
Although gold production levels jumped significantly for Eastmaque Gold Mines (TSE) in the 1991 first quarter compared with the year-earlier period, the company continues to report losses. Eastmaque r…
Cathedral reports quarterly loss (June 10, 1991)
A loss of $33,000 was reported by Cathedral Gold (TSE) for the first three months of this year, compared with a loss of $57,000 in the 1990 first quarter. The company has a 52% interest in the Sterli…
Only one of latest drill holes gives Glimmer good results
Seven holes recently completed at Glimmer Resources (TSE) Beatty-Hislop gold property near Matheson, Ont., failed, with one exception, to intersect significant mineralization. Hole 54 intersected a 2…