Southwestern to drill at Jessup
A 5,000-ft. program is about to begin at the Jessup property of Southwestern Gold (VSE). The property, 75 miles northeast of Reno, Nev., contains seven separate gold zones and numerous gold occurrence…
News
Amalgamation proposed for Dickenson, Goldcorp
An amalgamation of gold producer Dickenson Mines (TSE) and its parent Goldcorp (TSE) has been proposed by the owner of Goldcorp, CSA Management. Goldcorp has a 69.3% equity interest in Dickenson, whic…
Placer Dome plans creation of separate Canadian unit
Toronto-listed Placer Dome is forming a separate unit to provide better management of its Canadian operations, which turned out 862,000 oz. gold in 1992. Douglas Fraser, former manager of the Porgera …
Cumberland and Comaplex drill at Meliadine River
Drills are turning on the Meliadine River project on the west coast of Hudson Bay, about 12 miles northeast of Rankin Inlet, N.W.T. Between 12 and 15 widely spaced reconnaissance holes are being drill…
Mexican output keeps pace
The value of Mexico’s mining output (at current prices) was slightly higher in 1992 than in 1991. Mexico continues to produce more silver than any other country and last year ranked among the top 10 p…
Monk, Sikaman amend deal
An amended letter of agreement has been signed by Monk Gold Resources (TSE) and Sikaman Gold Resources (TSE) which allows the former to earn a 37.5% interest in the Sol Wood mine and a half interest i…
Losses mount for Curragh
Struggling Curragh (TSE) reported a net loss of $29.9 million for the second quarter. The company attributes the situation to the decision in April to cease production at its lead-zinc-silver mine in …
PEOPLE — QUINTO MINING (August 23, 1993)
Philip Kratzer appointed director.
PEOPLE — THUMPER RESOURCES
Henry Ewanchuk appointed president and director; Brian Kynoch and Stuart Angus appointed directors.
PEOPLE — UNITED REEF PETROLEUMS (August 23, 1993)
Mousseau Tremblay appointed chairman; Michael Coulter appointed president; Ken Johnson appointed vice-president, exploration; Francois Boisvert appointed vice-president, African affairs.
EDITORIAL PAGE — Deep-felt commitment
Nothing warms the cockles of an old miner’s heart more than to read that some aging mine somewhere in Canada, tottering toward depletion, discovers a new zone or orebody. Closure postponed, a few hund…
IMF gold holdings
The International Monetary Fund reported gold holdings of 103.4 million oz. as of April 30 this year, unchanged from one year ago. Goldrite Mining (GRQ: VSE) has changed its name to Consolidated Goldr…