Cash-rich Curragh reports loss
A cash position of $46.2 million at the end of the third quarter was reported by zinc-lead producer Curragh (TSE), which also recorded a loss for the 3-month period ended Sept. 30. The company says th…
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Exroy seeks funds to explore Ungava claims won in court
A recent decision by the Quebec Court of Appeal has granted Toronto-based junior Exroy Resources (CDN) full title to 48 claims in the Ungava nickel copper belt in northern Quebec. This decision will a…
METAL MARKETS — Silver output slips, coin usage still high
Worldwide silver mine production in 1991 was 431.9 million oz., down 8% from 1990. The reduction was due mainly to decreased incentives to mine because of low silver prices. In 1991, Mexico was the wo…
Hycroft boosts Crofoot/Lewis reserves
A boost in reserves at the Crofoot/Lewis mine prompts owner Hycroft Resources & Development (VSE) to review the possibility of refitting the operation with newer and larger mobile equipment. Proven or…
Big Creek moves two rigs for spring work at Casino
Drilling on the Casino copper-gold-molybdenum porphyry deposit in the Yukon is now finished for the 1992 season with a total of 21 large diameter holes completed. Big Creek Resources (VSE), the operat…
U.S. REPORT — Goldstack negotiates option covering Bru-Lovie
A recently signed letter of intent gives Goldstack Resources (VSE) the right to acquire up to a 100% interest in the lease covering the Bru-Lovie property from Sierra Gold. The Nevada property is in t…
U.S. REPORT — Drilling ongoing at Sterling mine
No economically significant gold-bearing intercepts were reported by Cathedral Gold (TSE) from the first eight holes (3,500 ft.) of a 10,000-ft. drilling program at the Sterling gold mine near Beatty,…
San Andreas continues drilling
A drill program by San Andreas Resources (VSE) is returning more encouraging assay results from the Prairie Creek mine property about 300 miles west of Yellowknife, N.W.T. The company said drilling co…
Capping agent test for tailings
Four mining companies and the federal government have invested $100,000 to see if ultramicrobacteria, or UMBs, can successfully and cheaply replace clay as a capping agent for tailing ponds. If succes…
Mexico’s minerals post a large trade surplus
Despite the difficulties faced by mining in general, Mexico in 1991 was among the 11 top producers in the world’s mining and metallurgical industry in 19 minerals. In 1991, the mining and metallurgica…
NEWS ROUNDUP — Zone extended at depth, says Glimmer
Drilling on the Beatty-Hislop prospect in northeastern Ontario has extended the East zone at depth, Glimmer Resources (VSE) reports. Hole 70 intersected 12.14 grams gold per tonne (0.35 oz. per ton) a…
NEWS ROUNDUP — Eden Roc adds to land position
An agreement to expand its land position in West Africa’s Ivory Coast, to about 1,000 sq. km from 250 sq. km, has been reached with the government agency SODEMI, gold producer Eden Roc Minerals (TSE) …