NEWS ROUNDUP — Top 10′ gold producer
A “top 10” world gold producer the past two years, Chile turned out more than 39 tonnes of the yellow metal in 1992, up 20% from the previous year. Gold Fields Mineral Services of London, in its Gold …
News
SX-EW plant planned for Tuina
Partners International Mahogany (TSE) and North Lily Mining (NASDAQ) are working to finance installation of a solvent extraction-electrowinning plant at their Tuina open-pit heap-leach project near Ca…
Choquelimpie not quite finished
Mining operations have ceased at the Choquelimpie gold mine in northern Chile, owned 35% by Northgate Exploration (TSE), but more gold may yet be recovered. Northgate and its joint-venture partners un…
Niugini plans San Cristobal drilling
Production at the San Cristobal mine of Niugini Mining totalled 57,948 oz. gold and 176,499 oz. silver in 1992. The company, incorporated in Papua New Guinea and with offices in Sydney, Australia, say…
Stock sheds $9 on news — Dia Met results not positive
The latest results from the Dia Met-BHP property support previous declarations that the Northwest Territories may host one of the highest-grade diamond fields in the world, analysts say. But until fur…
Drilling under way at Jones Hill
Partners Aur Resources (TSE), Thunderwood Resources (TSE) and Champion Resources (VSE) have begun drilling the Jones Hill volcanogenic massive sulphide deposit near Albuquerque, N.M. Nearly 7,000 ft. …
Option holders cash in on gold rally
The recent gold rally has enabled directors and officers of precious metal producers to profit handsomely on their options. According to the Ontario Securities Commission’s OSC Bulletin, recent inside…
Orleans seeks funds to develop Quebec wollastonite play
Having advanced its St. Onge Twp. wollastonite deposit beyond the exploration stage, Orleans Resources (ME) is seeking additional funds for bulk-sampling and development. The project is “no longer an …
STOCK MARKETS — Windy Craggy gets chop, diamond news sparks
Mining in British Columbia (and by extension the rest of Canada) took it on the chin during the week ended June 22 when the NDP government of Michael Harcourt announced it would not approve the develo…
Conwest and parent Faraday to merge
Toronto-listed Conwest Exploration (TSE) and parent Faraday Resources (TSE) are amalgating. The company will continue to be known as Conwest. Pursuant to the merger, Faraday shareholders will receive …
Year-end production start expected for Cerro Colorado
Initial production from the Cerro Colorado porphyry copper deposit in northern Chile is expected to begin by year-end, Rio Algom (TSE) reports. Over an estimated 23-year life, 10,000 tonnes per day wi…
NEWS ROUNDUP — Cambior to drill Polo Sur
Growing gold producer Cambior (TSE) reports assessing more than 450 projects in Chile during the past three years, its prime targets being copper and gold projects. Last year, the company purchased th…