Bridger achieves production at Chilean mine
Initial production has been achieved at the Pepa gold mine in the Maricunga district of Chile. The mine is operated by Compania Minera Horus Limitada, a 65% owned subsidiary of Bridger Resources (VSE)…
News
Success at Jamestown mine factor in ABM Gold results
The future of ABM Gold (AMEX) may depend on a Northwest Territories gold project scheduled to produce annually 200,000 oz., starting in September. But for the moment, the financial fortunes of the 50%…
Franco executes private placement
Franco-Nevada Mining (TSE), which holds a royalty interest in American Barrick Resources’ (TSE) Nevada-based Goldstrike mine, recently completed a private placement of 500,000 special warrants. Exerci…
Avino production sharply higher
Record gold and silver production is reported by Avino Mines & Resources (VSE) for the Avino mine near Durango in central Mexico. Silver production reached 873,000 oz. in 1989, a 56% increase over the…
Asarco challenges Freeport deal
A lawsuit has been initiated by Asarco (NYSE) challenging the sale by Freeport-McMoRan Gold (NYSE) of its 50% interest in the Santa Cruz copper project in Arizona to Minorco. The suit, filed in New Yo…
Losses continue for Callahan
Red ink continued to flow for Callahan Mining (NYSE) which reported a loss of US$13.3 million for the year ended Dec. 31. The loss includes a writedown of US$8.5 million relating to the Ropes gold min…
Orex preparing for feasibility study
Exploration Orex (ME) is weeks away from completing a bankable feasibility study on the Goldboro property in Nova Scotia. The company is seeking about $50 million from a major bank to construct a test…
Battle Mountain options Crown Jewel
Through a cash payment of US$5 million, Battle Mountain Gold (NYSE) has obtained an option to acquire a 51% interest in the Crown Jewel property owned by Crown Resources (VSE) in Washington State. Bat…
High Frontier acquires Utah gold project
A mineral prospect in Utah reported to have potential for a “Carlin-type” gold deposit has attracted the interest of High Frontier Resources (VSE). The junior recently acquired the Washington Dome pro…
Deep drilling cuts good gold grades at Upper Beaver
Recent drilling by Pamorex Minerals (TSE) on the old Upper Beaver mine property, north of Larder Lake, Ont., has intersected a zone averaging 1.4 oz. gold per ton (uncut) over 21.2 ft. at a vertical d…
Bonanza’s drilling intersects new Poirier sulphide horizons
Bonanza Metals (ASE) says it has intersected some encouraging new sulphide horizons during recent drilling on the western half of its Poirier zinc-copper property near Joutel, Que. Forbex Resources (M…
Golden Tanager changes name to `Registry’
At a meeting on Feb. 26, shareholders of Golden Tanager Resources (COATS) voted to change the company’s name to Registry Resources, and to consolidate its issued common shares on a 1-for-2 basis. The …