Production begins at Sikaman project
Production has commenced at Sikaman Gold Resources’ (TSE) Sol Wood placer mine in Sierra Cty., Calif. The mine is expected to produce 25,000 oz. gold by October, 1993, and generate a cash flow of $4 m…
News
Moss Lake assays released from four of five drill holes
Market speculation surrounding a drilling program on the Moss Lake gold property near Thunder Bay, Ont., prompted Central Crude (TSE) to release assay results prematurely. The 5-hole program, designed…
STOCK MARKETS — Dia Met hits $33 as diamond market shows its
After taking a dramatic slide in the wake of the Aber-Commonwealth-SouthernEra blooper, Dia Met Minerals found its feet again during the week ended Nov. 24. Amid speculation that more news would be em…
STOCK MARKETS — Diamond explorers rebound from sample error
Investor interest in diamond exploration in the Lac de Gras region of the Northwest Territories continued to fuel trading activity on western markets, despite the somewhat embarrassing disclosure from…
CIS selling disrupts market
The Canadian Institute of Mining, Metallurgy and Petroleum’s economics committee in Toronto heard an enlightening talk by Robert Adams, who recently returned from the Commonwealth of Independent State…
NO HEADLINE (November 30, 1992)
A. Tonken appointed president and chief executive officer.
Kennecott drops Lockwood property
A unit of Kennecott recently terminated an option to earn an interest in the Lockwood volcanogenic massive sulphide property near Everett, Wash. The project is owned 65% by Island-Arc Resources (VSE) …
EXPLORATION ’92 — LATIN AMERICA ROUNDUP — Kengate in
Construction of a rail line in Venezuela could benefit a Canadian company which has a 40% interest in a limestone quarry along the rail route. International Kengate Ventures (VSE) says its quarry, sit…
Inco makes plans to reopen Garson mine; staff cuts in works
Pending approval from its board of directors, Inco (TSE) plans to reopen the high-grade Garson mine in Sudbury, Ont. The giant nickel miner closed the mine in 1986 after a worker was crushed to death …
EXPLORATION ’92 — LATIN AMERICA ROUNDUP — Teck invests in
A recent agreement with Northern Crown Mines (VSE) sets the stage for Teck (TSE) to earn an equity interest in the junior as well as an interest in an epithermal bulk-tonnage gold-silver project in Si…
EXPLORATION ’92 — LATIN AMERICA ROUNDUP — Musto reports
Encouraged by recent work on the Bajo de la Alumbrera copper-gold deposit, International Musto Explorations (VSE) anticipates improved project economics for the advanced porphyry deposit in northweste…
Market deficit may bring increase in silver price
According to a study made for Mexico by the Silver Institute of Washington, D.C., last year, world silver consumption is greater than production. If this trend continues, silver prices could rebound, …