News

Miramar confirms Cuban gold zone

Drilling on the Mantua copper project in Cuba is confirming the presence of an overlying gold zone.Miramar Mining (TSE), which holds a 50% interest, has completed a 35-hole program to evaluate the gol…



Minto production decision is near

A feasibility study for the Minto copper-gold-silver project in the Yukon is complete, and Minto Explorations (VSE) expects to make a production decision in the near future.Proven and probable reserve…


Lenora tests gravity process

Bulk-testing of material from the Box and Athona deposits at the Goldfields gold project in northern Saskatchewan is complete, Greater Lenora Resources (TSE) reports.Preliminary analysis of the gravit…



Noranda shareholders salute retiring Powis

Resources giant Noranda (TSE) bid adieu to its longtime chairman, Alfred Powis, in a tribute-filled annual meeting in Toronto.Powis, 64, spent almost 40 years with the company, including 27 years as e…




LETTERS TO THE EDITOR — Getting the facts straight

The Odds ‘n’ Sods article “Assembling the right team” by Stan Hunter (T.N.M., March 13/95) is a near duplicate of his article in your March 14, 1994, issue. Unfortunately, the latest article provides …


Golden Star takes loss for 1994

Year-end results show that Golden Star Resources (TSE) lost US$8.8 million (US42 cents per share), compared with US$1.6 million (US10 cents per share) for 1993. However, total revenue increased to US$…


Plata to focus on Argentine zinc property

An exploration and exploitation agreement with an Argentine company sets the stage for Plata Mining (ASE) to begin work on the Helvecia zinc property in the province of La Rioja.The property consists …


Santa Fe hikes quarterly output

First-quarter earnings for Santa Fe Pacific Gold (NYSE), while strong, are down slightly from a year ago.Net income was US$12.3 million (or 9 cents per share), just off from US$13.4 million (or 12 cen…


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