Keylock to drill Czech project
An agreement with Rudne bane, a mining company controlled by the Czecho-Slovakian government, will allow Keylock Resources (ASE) to complete a 1,500-metre underground drilling program and metallurgica…
1992
Glamis weathers gold price slump
Despite weak gold prices, Glamis Gold (TSE) turned in another solid operating performance during its first quarter of fiscal 1993. The company has been producing gold for over 10 years, and currently …
Lakefield lab makes honest mistake
The recent announcement by Aber Resources (TSE) and its partners Commonwealth Gold (VSE) and SouthernEra Resources (TSE) that the yellow microdiamonds recovered from a kimberlite on their Lac de Gras …
Pit yields large copper output– Asarco finds Mission
The Mission complex, just south of here, represents the combination of a number of mining interests over the years into a single property controlled by Asarco (NYSE). With the expansion of milling ope…
Crown Butte continues New World permitting
With field activities completed for the season, Crown Butte Resources (TSE) plans to continue permitting work “at a priority pace” this winter for its New World gold project in Montana. The company re…
Gowest in deal with Placer Dome
A letter of agreement has been signed between Gowest Amalgamated (ASE) and Placer Dome (TSE) whereby Placer may earn a 75% interest in Gowest’s property in northeastern Ontario. The property comprises…
TSE SHORT POSITIONS (November 30, 1992)
Semi-monthly reports as of Nov. 15, showed 36,786,868 shares of 593 issues compared with 38,169,498 shares of 570 issues on Oct. 31. Larger individual positions included: Amer. Barrick 273,674, up 29,…
EXPLORATION ’92 — Yukon’s MacMillan Pass has seen more
Exploration activity has slowed this year in the isolated, mineral-rich area of MacMillan Pass, up the North Canol Road near the Yukon-Northwest Territories border. “It’s getting marginal whether they…
EXPLORATION ’92 — Azco seeks Sanchez financing
With engineering planning now under way for the development of the Sanchez copper project, owner Azco Mining (TSE) has retained First Boston as its lead financial adviser. Pending the receipt of final…
EXPLORATION ’92 — Gold market showing little sparkle
Canadian and Belgian central bank gold selloffs, Japanese investors liquidating assets and the post-electoral doldrums in the U.S. are all cited as reasons for continued soft gold prices. However, gol…
Base metal exploration activity sags on Canada’s West Coast
Mineral exploration spending in British Columbia has sagged to $90 million in 1991 from $190 million in 1990, and according to Jack Patterson, managing director of the British Columbia & Yukon Chamber…
Porgera installs vertical conveyor
Placer Dome’s (TSE) Porgera mine in Papua New Guinea chalked up another first with the recent successful commissioning of a 670-ft. underground vertical ore conveyor. The conveyor, the first of its ki…