Record quarter for American Barrick
Thanks to some pleasant surprises at the Goldstrike mine in Nevada, American Barrick Resources (TSE) was able to add another record quarter to a growing list of financial achievements. The Toronto gol…
News
United Kingdom’s gold potential
The momentum of gold exploration in Britain has been high since the discovery in 1979 by Consolidated Goldfields of gold-bearing strata-bound base-metal sulphides in the Archean at Gairloch, northwest…
Mallon’s Costa Rica project optioned by Newmont
North America’s biggest gold producer, Newmont Mining (NYSE), has signed an agreement to explore Mallon Resources’ (NASDAQ) Rio Chiquito gold-silver concession in Costa Rica. The 28,000-acre property …
Soquem options Gold Hawk claims
An option deal to earn a 50% interest in the property of Consolidated Gold Hawk Resources (ASE) in Duplessis Twp. southeast of Matagami, Que., has been acquired by Quebec Crown mining exploration comp…
Predicting the path of drill holes can be a real challenge
As many geologists can attest, drilling is not a predictable task. And millions of dollars are spent annually on drilling programs to test exploration targets and to extract rock samples for assaying….
Cominco Res. active in Latin America
One of the more active foreign mining companies in Latin America is Cominco Resources International (TSE). It has copper projects in Mexico and Chile, a wollastonite project in Mexico, a gold property…
NO HEADLINE (April 27, 1992)
An exploration agreement on the LeMare property owned by Stow Resources (VSE) was recently signed by Minnova (TSE). Minnova can earn a 60% interest in the property by spending a total of $1.5 million …
Taywin plans Merry Widow drilling
A recent private placement has Taywin Resources (VSE) planning the first phase of a 3-part program aimed at proving up direct-shipping tonnage at its 100% owned Merry Widow copper-gold property near P…
X-Cal options Pipeline-area ground
By way of a purchase option, X-Cal Resources (VSE) recently picked up a 3,000-acre parcel of ground in the Pipeline/Gold Acres area of Crescent Valley, Nev. The property is located about five miles no…
Latin America focus at Miami conference
A 4-day mining conference focusing on “Investing in the Americas” attracted 500-600 delegates to this southern U.S. city recently. Speakers from the various nations of Latin America, from Mexico to Ch…
Amax earnings cut in half
Despite a very successful price protection program, earnings for Amax Gold (NYSE) slipped to US$4 million in the first quarter of 1992. This compares with earnings of US$8 million in the first quarter…
Global bargains provide Lac’s best opportunity `in 40 years’
Formed recently to pursue joint venture and acquisition opportunities worldwide, LAC Minerals’ (TSE) business development group is now “very, very active”, president Peter Allen said at the company’s …