Cons. Nevada reviews Nixon Fork development
A feasibility study on the Nixon Fork gold project in west-central Alaska recommends the project be put in production. Consolidated Nevada Goldfields (TSE) commissioned consultants Pincock, Allen and …
News
NEWS ROUNDUP — Infill drilling at New World
Infill drilling by Crown Butte Resources (TSE) has added 28,000 oz. gold to underground geological reserves at the New World project in Montana. The summer program, consisting of 16 surface holes tota…
NEWS ROUNDUP — Asarco proceeding at Los Pinos
Drill results from Los Pinos, a 145-km property southeast of Lima, Peru, have prompted Asarco (NYSE) to expand road construction and test for the potential of using solvent extraction-electrowinning. …
Oasis completes offering of units
A $600,000 private placement has attracted 40 subscribers, Consolidated Oasis Resources (ME) reports. The offering consisted of 600 units at $1,000 each; the units are composed of 2,125 flow-through s…
La Colorada up and running
The heapleach sprinklers have been turned on at La Colorada, a gold mine near Hermosillo, Mexico. Eldorado (TSE) is earning a 70% interest from Minera Sotula S.A. de C.V. by placing the project in pro…
1993 A LOOK BACK — McLaughlin mine milestone
The McLaughlin gold mine of Homestake Mining (NYSE) in California poured its two-millionth ounce in mid-October. The open-pit operation poured its first gold in 1985 and its one-millionth ounce in 199…
1993 A LOOK BACK — Chibougamau production for MSV
After acquiring the Copper Rand and Portage gold-copper mines near Chibougamau, Que., in late February, MSV Resources (ME) returned the properties to production. MSV bought the mines and a 3,000-ton-p…
1993 A LOOK BACK — Tough year for Curragh
It was a tough year for Curragh (TSE), which had to cease production in early April at its Faro lead-zinc mining operation in the Yukon. Deteriorating metals markets played havoc with Curraghs balance…
INSIDER TRADING — Barrick officers sell
Three officers of American Barrick Resources (TSE) sold shares in November and December. According to the Ontario Securities Commissions OSC Bulletin, senior officer G. C. Wilkins exercised 230,000 op…
Gold values reported from Marudi Mountain
Exploration has wound down at the Marudi Mountain gold project in southern Guyana. Sutton Resources (VSE) drilled 2,600 metres in nine diamond drill holes to test seven targets. Five holes tested five…
Burgess Point to buy Vencorp
Toronto-based Burgess Point Resources (CDN) plans to acquire Venezuelan Mineral Development Corp. (Vencorp). The proposed takeover would see Burgess shares consolidated on a 1-for-7 basis. Shares of V…
Dakoro venture producing gold from Bolivian placers
The Dakoro joint venture is now producing gold from one of its six properties in Bolivia. Dakota Resources (ASE) owns a half interest in the venture through wholly owned subsidiary SGS Resources. Prod…