OBITUARIES — Sherman Tough
The son of a prospector and a native of Cobalt, Ont., Sherman Tough has died. He was 82. His entry into the world of mining came at a young age when he accompanied his father, George, and his uncles i…
News
STOCK MARKETS — Bank rate jump causes 300 index to plummet
The Toronto Stock Exchange 300 composite index dropped 94.36 points March 29 to 4,393.61, its largest single-day loss since Feb. 4. The selloff was triggered by a two-thirds-of-a-percentage-point jump…
EDITORIAL PAGE — Uncertainty in South Africa
In a few weeks, South Africa will stage the first multi-racial election in its history. At this point, it would seem Nelson Mandela and his black African National Congress (ANC) party are headed for v…
Denison given short reprieve
An arbitration panel has ruled on the dispute between Denison Mines (TSE) and Ontario Hydro. The news is not good for Denison, which will receive a total of $30.9 million, a far cry from the $361 mill…
NEWS ROUNDUP — Sleeping Giant potential improves
Joint-venture partners Aurizon Mines (VSE) and Cambior (TSE) believe results from the first six holes at the Sleeping Giant gold mine have the potential to increase minable reserves. Drilling below th…
Greenstone develops Santa Rosa gold mine
With a keen interest in developing gold mines in the district, Greenstone Resources (TSE) has decided to start up its second Latin American producer. The wholly owned Santa Rosa mine in Panama is to b…
LAST BUT NOT LEAST — Antilles exploring Janice concessions
Soil sampling on the Janice I and II concessions in Venezuela’s Bochinche gold district has returning encouraging results for Antilles Resources (VSE). The sampling on Janice I returned anomalous gold…
NEWS IN BRIEF (April 04, 1994)
Zicton Gold (ZGL:ASE) has changed its name to Saddle Mountain Mining (SLD:ASE) on a share-for-share basis.
LAST BUT NOT LEAST — Globex finds more gold at Tarmac
Three holes have intersected additional gold mineralization at Globex Mining’s (ME) Tarmac property in Dubuisson Twp., Que. Hole G-94-13 intersected 0.5 ft. averaging 1.52 oz. gold per ton at a depth …
LAST BUT NOT LEAST — Arequipa plans funding
With fundraising plans in place, Arequipa Resources (VSE) expects to boost its interest in Peruvian-based Acuarios Minera y Exploradora to 50% from 20%. Arequipa acquired the initial 20% interest last…
LETTER TO THE EDITOR — Fenton Formula revived
The article “Timely proposal: a new gold standard” (T.N.M., March 7/94) is of interest to me. My article “The Fenton formula,” published in 1984, is much better than “Timely proposal” and is practical…
U.S. Antimony producing again
Having avoided bankruptcy, United States Antimony is again producing gold on a small scale. More than 250 oz. per month is being produced from its Yellowjacket property in central Idaho. (The mill is …