Arizona boosts Aldebaran tonnage
Following the completion of a recent drilling program on the Aldebaran property in northern Chile, Arizona Star Resource (VSE) estimates reserves in all categories at 75.1 million tons grading 0.025 o…
News
MacDonald defers annual meeting
MacDonald Mines Exploration (CDN) says it will postpone its annual meeting from the end of June to Oct. 16 to allow time to negotiate an agreement which could save the company. MacDonald President Mil…
LATIN AMERICA — Aldermines plans placer production
An encouraging engineering report and economic evaluation of a gold and silver placer mining project on the Neuquen River in Argentina has been released by private company Aldermines Corp. of Toronto….
LATIN AMERICA — Auromar, Monte Carlo drilling
The first reverse circulation drill hole of a program testing a gold property on the Caribbean island of Aruba was completed recently, Auromar Development (VSE) and Monte Carlo Gold Mines (ASE) report…
LATIN AMERICA — Quarterly dividend for Southern Peru?
A quarterly dividend is being considered by Southern Peru Copper, which owns and operates a pair of mines and a smelter in the southern region of Peru, employing 5,700 persons. Total dividend payments…
Nora raising funds for Desjardins
Nora Exploration (ME) and partner Placer Dome (TSE) have started a $650,000 exploration program to determine the extent of three gold-bearing zones on the Desjardins property north of Lebel-sur-Quevil…
Frankfield plans consolidation of shares, change of name
Frankfield Explorations (ASE) is set to reorganize its share structure and change its name in an effort to raise funds for exploration on gold properties near Timmins, Ont., and Quebec. Subject to sha…
Kilo commences drill program
A summer drill program by Kilo Gold (ASE) started in June to test the company’s gold exploration property in the Apex Mountain area of southern British Columbia. The company plans several holes to del…
LETTERS TO THE EDITOR — Time to give an ounce gold
What a super great idea! Henry Cummings in his letter to the editor suggested: “Let’s bail out gold with a `buy an ounce’ campaign” (T.N.M., June 1/92). “Let gold bail us out,” I think. “Come on and g…
Williams top gold mine despite 75,000-oz. drop in production
Despite a significant drop in output at Canada’s top gold producer, the Williams mine near Hemlo, Ont., cumulative production from the nation’s 12 largest gold mines edged up slightly to 2.8 million o…
Placer options Cat North claims
A recent formal agreement allows Placer Dome (TSE) to earn up to a 70% interest in the Cat North claims owned by Lysander Gold (VSE) north of Prince George, B.C. The claims are adjacent to the BP Cana…
Battle Mountain drilling Phoenix
A unit of Battle Mountain Gold (NYSE) recently started a 6,000-ft. diamond drill program on the Phoenix project aimed at locating large-tonnage gold-copper skarn deposits. The property is in the Green…