NEWS ROUNDUP — Losses continue for Northgate
It was another bleak year for Northgate Exploration (TSE). The company reported an unaudited loss for fiscal 1993 of $7.5 million or 26 cents per share, compared with a loss of $8.3 million or 30 cent…
News
NEWS ROUNDUP — Amax drops Almaden despite study
Despite a positive feasibility study on the Almaden gold deposit in western Idaho, Amax Gold (NYSE) has decided not to participate in its development. The company had the option of earning a 65% inter…
COMMENTARY — Caring for the environment
The Prospectors and Developers Association of Canada recently recognized Hudson Bay Mining and Smelting for its environmental initiatives. The company mines and process metals — primarily copper, zin…
Rhand acquires Lone Mountain
Alberta-listed Rhand Industries has an option to acquire Lone Mountain Mining, a privately owned US company. As consideration, Rhand has issued 50,000 common shares and will spend $US250,000 on explor…
ODDS’N’SODS — Timmins, yesterday and today
My brother-in-law recently gave me a tour of Timmins, Ont., to show me the new shopping malls, residential districts, the multi-million dollar hospital, new parks, and so on. It was most impressive so…
EDITORIAL PAGE — Left out in the cold
Last week’s agreement between the U.S. and Russia over uranium imports into the U.S. is a slap in the face to Canadian producers. It is also a violation of the Canada-U.S. Free Trade Agreement (FTA). …
LETTERS TO THE EDITOR — Escondida discovery in Chile
Recent letters by Siegfried Muessig and Patrick Burns published in The Northern Miner have challenged my role in the discovery of the Escondida orebody in Chile. Theirs are remarkable assertions, give…
Work continues on Wrightbar’s Quebec ground
Vancouver-listed Charlim Explorations has discovered two gold zones on the Bourlamaque Twp. property of Wrightbar Mines (ME). Charlim is earning a half interest in the gold property by paying Wrightba…
Hemlo drilling Sagar-III property
Producer Hemlo Gold Mines (TSE) has started drilling on the Sagar-III property in the Labrador Trough region of northeastern Quebec. The company hopes to identify the source of gold- and uranium-rich …
Perron honored
The chief executive officer of Deak Resources, Alex Perron, received a gift from Nova Scotia at the recent PDAC convention in Toronto. The gift is a hand-painted 18-inch china plate edged with 24-cara…
Drilling boosts La Fortuna project
Recent drilling has left San Fernando Mining (VSE) confident that it can prove up a significant gold-silver-copper deposit on its La Fortuna mine project in Mexico. The road-accessible property is in …
PEOPLE (March 21, 1994)
PACIFIC MARINER EXPLORATIONS — Larry McLean appointed director.