Cazador increases Slocan holdings
The historic Hewitt-Van Roi property in the Slocan Mining division in southern British Columbia was recently purchased by Cazador Explorations (VSE), significantly increasing the company’s holdings in…
News
Hycroft boosts Crofoot silver output
Silver production at the Crofoot/ Lewis heap leach mine in Nevada jumped to 66,379 oz. during the first quarter of 1992. Hycroft Resources & Development (VSE), owner of the mine, notes that the operat…
EDITORIAL PAGE (April 27, 1992)
Vital statistics for the Canadian mining industry in 1991 paint a gloomy picture. Value of production, not including petroleum and natural gas, was down 15.9% to $10.4 billion. Employment in mining, c…
MINER DETAILS (April 27, 1992)
CBC’s recent television “expos” of the New World project near Yellowstone Park, Mont., was predictable, biased and full of weary stereotypes that badly need to be challenged. Worse than that, it was a…
United Kingdom’s gold potential
The momentum of gold exploration in Britain has been high since the discovery in 1979 by Consolidated Goldfields of gold-bearing strata-bound base-metal sulphides in the Archean at Gairloch, northwest…
Record quarter for American Barrick
Thanks to some pleasant surprises at the Goldstrike mine in Nevada, American Barrick Resources (TSE) was able to add another record quarter to a growing list of financial achievements. The Toronto gol…
Gays River changing hands one more time
Officials at Dundee-Palliser Resources (TSE) are attempting to put together a $5 million financing package after signing a letter of intent to buy the Gays River lead-zinc mine in Nova Scotia from Wes…
Others’ words (April 27, 1992)
A country that decides it wants mining to happen will do something about it. It will establish regulations and taxes that favor mining and loosen restrictions on foreign ownership. Canada used to be t…
Azco secures financing for Sanchez feasibility
Billing itself as a “new breed of copper producer,” Azco Mining (VSE) recently completed a $6.5-million financing in order to secure funds for a bankable feasibility study of its Sanchez copper projec…
PROFILE (April 27, 1992)
Captains of industry are often portrayed as nose-to-the-grindstone types with little interest in anything but business at hand. But this dated stereotype clearly doesn’t apply to Poul Hansen, presiden…
Namibia pins hopes on mining
Namibia is confident that its investor-friendly policies, coupled with favorable mineral prices, will result in an upturn in its economy by the mid-1990s. “Potential investors have been waiting to loo…
Yellowjack drills Katie claims
An exploration program by Yellowjack Resources (VSE) is under way to test several previously outlined copper-gold zones on the Katie claims near Salmo, in southern British Columbia. The first hole of …