Gold producers work to reduce cash costs
Faced with lower gold prices and shrinking profit margins, most North American gold miners continued to slash costs in 1992. In many cases, lower cash costs were accompanied by increased production. O…
News
No word on Ontario incentives
Several interesting ideas have resulted from a discussion paper on new incentives for mineral exploration in Ontario, says the assistant deputy minister for the province’s mines ministry. John Gammon …
Metall amends Minnova offer
An amended proposal to acquire the outstanding shares of Minnova (TSE) has been made by Metall Mining (TSE). Each Minnova share can be exchanged for one Metall share, $4 cash and half of a warrant to …
LATIN AMERICA — Drilling results mixed at Albino concession
Drilling on the Albino concession in Venezuela’s Kilometre 88 district has returned mixed results for joint-venture partners Eurus Resource (VSE) and Crystallex International (VSE). Drilling was focus…
Mineral’s name honors professor
A geology student at the University of New Brunswick (UNB) who discovered a new mineral in 1988 has honored his former mentor by christening it “Trembathite.” Pat Burns, now a doctoral student at the …
Fipke garners PDAC Prospector award
Diamond explorer Charles Fipke has won the 1992 Bill Dennis Award for Prospector of the Year. The award is being presented at this year’s annual convention of the Prospectors and Developers Associatio…
LATIN AMERICA — Sikaman, partners interested in Argentine
Toronto-based Sikaman Gold Resources (TSE) and partners have been granted an exclusive option to explore and develop gold-bearing gravels along a 150-km stretch of the Neuquen River in western Argenti…
LATIN AMERICA — Lac encouraged by results from Chilean gold
Encouraging results have been reported by Lac Minerals (TSE) from eight additional holes drilled at the Nevada gold project in Chile. Highlights included a 492-ft. intersection grading 0.29 oz. gold p…
LATIN AMERICA — Gold Vessel in Venezuelan deal
An agreement to acquire an interest in a mineral concession in the El Callao district of Venezuela’s Guiana Shield has been negotiated by Gold Vessel Resources (ASE) with private Venezuelan company Pr…
ODDS’N’SODS — Growing up in Perron
My mother and I came to the Perron gold mine in northwestern Quebec, from the Ukraine, in 1937. My father, Karol Kit, worked underground there and saved enough to pay our fare to Perron from the Old C…
Cyprus drilling intersects gold in Massicotte Twp.
Drilling by Cyprus Canada has intersected gold mineralization on Radisson Mining Resources’ (ME) Massicotte Twp. property north of La Sarre, Que. According to Cyprus, two of four holes drilled interse…
Viceroy, Channel drilling at Bruner
Viceroy Resources (TSE) and affiliated company Channel Resources (VSE) have started reverse circulation drilling at their Bruner gold project, in south-central Nevada. The companies combined can earn …