Correction (March 25, 1991)
The Mt. Hundere zinc-lead-silver project of Curragh Resources (TSE) and Hillsborough Resources (TSE) in the Yukon is expected to be in full production by July of this year. Incorrect information appea…
News
Kalahari starts program on South Dakota project
Vancouver-based Kalahari Resources (VSE) says exploration has commenced at its Keystone gold project in Pennington Cty., S.D. Prospecting Geophysics, a company controlled by consultant Peter Ferdeber,…
U.S. REPORT Sonora writes down Jamestown mine stake
Toronto-based gold miner Sonora Gold (TSE) was forced to break out the red ink again in 1990 after declaring a $17.4-million writedown on its investment in the Jamestown mine in California. Sorona, wh…
Asarco plans more drilling for Taseko
A 12,500-ft. drill program is scheduled to begin in late May on Westpine Metals’ (VSE) Taseko copper-gold property, 140 miles north of Vancouver, B.C. The property is reported to contain preliminary r…
People Triune Resources
Cindy Stevens appointed a director.
U.S. REPORT Low silver prices bring Callahan loss
Low silver prices are continuing to hurt Callahan Mining (TSE), with both its Galena and Coeur mines in Idaho operating at a loss. The company reported a loss of US$2.5 million for the year ended Dec….
Catear forfeits Goldwedge for failure to pay $45 fee
An unpaid $45 annual rental fee required to keep a mining lease in good standing triggered a chain of events that resulted in Catear Resources forfeiting the Goldwedge property in northwestern British…
Netolitzky’s role at Eskay prompted PKAC award
The annual convention of the Prospectors and Developers Association of Canada (PDAC) has many highlights for the mining industry. Among them is the presentation of the PDAC’s prestigious awards, which…
How `down-the-hole’ geophysics enhances drill-hole data
Drill core presents hard, irrefutable evidence of what lies beneath the earth’s surface, but the cross-sectional area of the core is tiny compared with the prospective area as a whole. Nevertheless, v…
LETTERS TO THE EDITOR Black Swan deserves better
I note you published an article entitled “Black Swan Running In Red” (T.N.M., March 4/91). While I cannot argue with the facts which you set out in the article, I strongly disagree with your interpret…
NO HEADLINE (March 25, 1991)
TEXT: Local mining analysts are not expecting 1991 to be a banner year for exploration in British Columbia. The general economic downturn, the gutted flow-through financing mechanism, bearish equity …
Juniors struggle to raise necessary financing
Junior mining companies in Canada, slowed by a slumping economy, can only look back fondly at the heady days of the late 1980s when financing for exploration programs was readily accessible. Flow-thro…