Curragh completes Westray flooding
To suppress methane buildup and prevent cave-ins, Curragh (TSE) has flooded about 60% of the Westray coal mine in Nova Scotia. Westray was closed last May after an explosion killed 26 miners working u…
News
Favorable results from Talapoosa
Results from a continuing exploration program at the Talapoosa gold property in Nevada have Athena Gold (VSE) confident the project is advancing as planned. Pegasus Gold (TSE), operator of the joint v…
Public meeting scheduled for Lac des Iles project
A public information session is to be held soon in Thunder Bay, Ont., to discuss environmental permitting for Madeleine Mines’ (TSE) Lac des Iles project. Madeleine hopes to bring its palladium-platin…
GUEST COLUMN — Nunavut looks to the future
A positive new investment climate is evident in the Northwest Territories now that the Inuit land claim has been settled. The negative attitude expressed by retired publisher emeritus M.R. Brown (“Car…
Concern raised over title claim
After a due diligence review, Venezuelan Goldfields (VSE) has expressed “serious concerns” that its proposed joint venture partner International Kengate Ventures (VSE) may have title problems relating…
LETTERS TO THE EDITOR — Crowning bullion king
Gold and silver prices may have hit rock bottom in a world with bills due and a designed shortage of paper cash, but “the bottom” is always followed by an upswing. For it to be a permanent upswing, pe…
Barrick decides to split stock
The success of American Barrick Resources (TSE) at the Goldstrike mine in Nevada is paying off for shareholders not only of Barrick but of Franco-Nevada Mining (TSE). Barrick announced a 2-for-1 stock…
Newmont boosts output slightly
Gold sales of 1,587,900 oz. were reported by Newmont Gold (NYSE) for 1992, compared with 1,576,900 oz. in 1991. Sales revenues (from gold) last year totalled US$546.4 million, compared with US$572.8 m…
Friedland to chair Carson Gold
A proposed private placement will bring about a change in control of Carson Gold (VSE), a junior which has been actively involved in acquiring and developing mineral properties in Venezuela since 1990…
Blind River wins safety award
Without a lost-time accident in three years, Cameco Corp.’s Blind River refinery has just set a company safety record. Its staff was recently given the Mary-Jean Mitchell Green memorial trophy for saf…
Writing contest for students
Students are invited to submit papers to a writing contest, which is sponsored by the Marine Minerals Technology Center (MMTC). Topics should pertain to advanced technology applications for marine min…
Lyon Lake, Adex in transaction
Full ownership of three gold concessions in Costa Rica is being acquired by Lyon Lake Mines (ME). Subject to regulatory approval, Lyon will purchase the 50% interest of project partner Adex Mining (TS…