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…
News
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…
STOCK MARKETS — Resource issues keep pace in western
Considering the turmoil experienced by major markets in Toronto and New York, western markets fared relatively well during the report period ended March 29. Although the Vancouver Stock Exchange compo…
Newmont merger approved — Yanacocha expansion in works
The Minera Yanacocha gold mine in northern Peru will be expanded to increase output in 1995. Newmont Mining (NYSE), which owns 38% of the mine, says production will rise to 350,000-400,000 oz. from th…
NEWS ROUNDUP — Nora exploring Ghana concession
Partners Nora Exploration (ME) and Consolidated Manus Industries (VSE) have begun field work on their Kade diamond and gold concession in Ghana, West Africa. The property comprises 41.55 sq. km in the…
Russian diamond expert shares expertise with Canadians
Dr. Felix Kaminsky, director of the Moscow-based Institute of Diamonds, is justifiably proud of the diamond expertise established by Russian scientists during the latter half of this century. In the p…
Correction (March 28, 1994)
Colorado-based Horizon Resources (NASDAQ), which operated the Buffalo Valley heap-leach gold project in Nevada from 1987 to 1990 under the name Horizon Gold (T.N.M., March 7/94), returned the lease to…
NEWS IN BRIEF (March 28, 1994)
Severide Resources (SVE:VSE) has changed its name to Severide Environmental Industries on a share-for-share basis. It is no longer involved in mining.
Cadre lands Venezuelan ground
In return for quarterly payments of US$50,000, to a total of US$200,000 plus 100,000 common shares, Cadre Resources (VSE) can acquire the Venezuelan property known as El Encanto. Situated in the Marwa…
Orvana expands Bolivian activities
An agreement for joint exploration in Bolivia has been negotiated by Orvana Minerals (TSE) and its Bolivian partners, Empresa Minera Unificada S.A. (EMUSA) and Merwin Bernstein. The agreement includes…
MacDonald Mines secures financing
A numbered Ontario company has agreed to underwrite private placements of MacDonald Mines Exploration (CDN). The placements will be in the form of treasury shares and warrants and will be worth up to …
Government of Ghana reducing Ashanti stake
The parliament of Ghana has authorized the government to privatize gold producer Ashanti Goldfields. Minister of Finance and Economic Planning Kwesi Botchway told Agence France Presse in Accra that “t…