U.S. REPORT (January 13, 1992)
The final six holes of the 1991 drilling program on the Rosebud joint venture in Nevada were released by 51-49 partners LAC Minerals (TSE) and Equinox Resources (TSE). The drilling included infill and…
Articles by Northern Miner Staff
Gold still dominates U.S. exploration, role of juniors fades
Gold prices may not be what they were several years ago, but that isn’t stopping explorationists from concentrating their efforts on finding more of the precious metal in the western U.S. Indeed, gold…
FMC, Atlanta hunt for ore in Idaho
Neighboring Idaho also saw some action this year, even though FMC Gold (NYSE) has yet to announce a production decision for its huge Beartrack gold deposit in Lemhi Cty. FMC owns 71% of the project, a…
Rosebud maintains high profile in Nevada
Exploration in Nevada remains active, primarily because a number of established mining companies are continuing to explore ground held near existing mine operations. One of the higher-profile explorat…
Activity in Alaska’s Juneau gold belt
Alaska was also active this year, with considerable activity focused on the Juneau gold belt where a number of mine projects are being developed toward production. A unit of Cominco (TSE) continued ex…
NEWS IN BRIEF (January 13, 1992)
Arthurian Resources Ltd. (ATU:VSE) has changed its name to Pacific Copperfields Inc. (PCF:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
Eastern samples Newfoundland prospect
Grab samples taken during field work this year at the Long Island property in Newfoundland returned values of 0.05-0.06 oz. gold per ton, Eastern Goldfields (CDN) reports. The company says follow-up w…
Newmont mine yields million oz.
A North American mine produced more than one million ounces gold in 1991. The Gold Quarry mine of Newmont Gold (NYSE) in northeastern Nevada yielded about 1,025,000 oz. during the year. The mine set i…
GSC colloquium set for Ottawa
The Geological Survey of Canada (GSC) will stage its second Minerals Colloquium in Ottawa on Jan. 22-24. The colloquium will follow the GSC Forum on Jan. 20-22. The colloquium and forum comprise the s…
Asarco drops Taseko property
After funding over $1 million of exploration over the past two years, a unit of Asarco (NYSE) recently dropped its option to earn 60% of the Taseko copper-gold property west of Clinton, B.C. Westpine …
Breakwater works at restructuring
Financially beleaguered Breakwater Resources (TSE) is continuing negotiations with an undisclosed party aimed at reaching an agreement for a restructuring plan. The company, which has reported heavy l…
Glimmer, Hemlo pick up contact
With the latest phase of drilling on its property near Matheson, Ont., complete, Glimmer Resources (VSE) says mineralization has been extended 100 metres along strike. Hole 91-60, which picked up the …