NEWS ROUNDUP — Cominco improves bottom line
A $65-million profit was reported by Cominco (TSE) for the first nine months of this year, a dramatic improvement from the $25-million loss for the comparable 1991 period. The profit for the third qua…
News
MINER DETAILS — Mining will regain public support
For the past eight years, as a reporter and editor for The Northern Miner, I’ve been fortunate — observer of the mining industry untouched by the slings and arrows of its outrageously cyclical fortun…
Big Creek moves two rigs for spring work at Casino
Drilling on the Casino copper-gold-molybdenum porphyry deposit in the Yukon is now finished for the 1992 season with a total of 21 large diameter holes completed. Big Creek Resources (VSE), the operat…
Low nickel price can’t deter hopes of developing Raglan
Battling against a hostile environment, a remote location and ho-hum metal prices, Falconbridge is now viewing its 100% owned Raglan property in northern Quebec with fresh enthusiasm. A 4-year explora…
U.S. REPORT — Goldstack negotiates option covering Bru-Lovie
A recently signed letter of intent gives Goldstack Resources (VSE) the right to acquire up to a 100% interest in the lease covering the Bru-Lovie property from Sierra Gold. The Nevada property is in t…
N.S. open house welcomes public
The Mines, Minerals and Energy Resources group of Nova Scotia’s Department of Natural Resources (DNR) has introduced a new twist to its Annual Review of Activities. To be held Nov. 4-5 at the World Tr…
NEWS ROUNDUP — Cusac to sign agency agreement
After negotiating for over a year, Cusac Industries (TSE) appears confident it will soon be able to conclude a deal to buy the Table Mountain gold project from Total Erickson Resources. Cusac owns a 3…
LATIN AMERICA ROUNDUP — Princeton plans Chilean drilling
After completing preliminary geochemical and geophysical studies, Princeton Mining (TSE) expects to initiate a drilling program in early November on the Rio Lluta project near Arica in northern Chile….
U.S. REPORT — Drilling ongoing at Sterling mine
No economically significant gold-bearing intercepts were reported by Cathedral Gold (TSE) from the first eight holes (3,500 ft.) of a 10,000-ft. drilling program at the Sterling gold mine near Beatty,…
San Andreas continues drilling
A drill program by San Andreas Resources (VSE) is returning more encouraging assay results from the Prairie Creek mine property about 300 miles west of Yellowknife, N.W.T. The company said drilling co…
U.S. REPORT — Texas Star drops Keystone
With the recent completion of an 8-hole drilling program on the Keystone project in South Dakota, Cyprus Minerals (NYSE) has opted to drop its option. Cypress could earn a 50% interest in the property…
Evaluating kimberlites adds dramatically to costs
Having recently intersected a kimberlite on their Lac de Gras area property, Aber Resources (TSE) and partners SouthernEra Resources (TSE) and Commonwealth Gold (VSE) must now await processing results…