Princeton ups Elenita resource
The Elenita oxide copper project in northern Chile is nowestimated to contain an in situ resource of 9.1 million tonnes grading 1.57% copper.Owner Princeton Mining (TSE) arrived at the estimate after …
1995
Royal Oak production falls short
Lower-than-expected gold production triggered a rise in cash production costs for Royal Oak Mines (TSE) in the first quarter.Costs increased to US$360 per oz., compared with US$317 in the same period …
Companies (May 22, 1995)
AberAdrianAquaterreAraucoArizona StarArloAscotBand-OreBeloreBema GldBlacklineBotswana DevBre-XBreseaCacheCambiorCanarcCoeur d’AleneComaplexCominco IntlCons ManusCorner BayCumberland…
NEWS ROUNDUP — Leach tests help Aldebaran
Leach tests demonstrate that material from the Aldebaranproject in Chile will not require fine crushing.Partners Bema Gold (TSE) and Arizona Star Resource (VSE) report that three 22-ton tests, which s…
NEWS ROUNDUP — Patrician enters Tanzanian JV
Junior Patrician Gold Mines (ASE) has entered into ajoint-venture to explore certain of its gold properties inTanzania.The agreement in principal was reached with South African-based JCI and applies t…
Adrian makes new discoveries
Drilling on the Petaquilla concession in Panama is turning up some new discoveries for Adrian Resources (TSE).In the Nada area, the company is outlining a semi-massivesulphide zone with values of up t…
Cambior expands Omai gold mine
Definition drilling has enabled Cambior (TSE) and Golden Star Resources (TSE) to boost proven and probable reserves by 13.9 million grams at the Omai gold mine in Guyana.The new material, consisting o…
FACTS & FIGURES — Deferred taxes — debunking myths
The Canadian media have, of late, focused attention on deferred taxes. Special interest groups and political organizations out to criticize spending cuts have targeted deferred tax balances as an exam…
PEOPLE — GRANGES (May 22, 1995)
Paul Wright appointed vice-president of operations and project development.
Gold mining industry report points to worrisome trend
The growth experienced in the U.S. gold mining industry during the 1980s and early 1990s has levelled off, with the rate of production now reported at just under 11 million oz. per year.Significant in…
CIM adds salt to supper at Stratford
The Toronto branch of the Canadian Institute of Mining and Metallurgy is planning a field trip this fall to the Sifto salt mine at Goderich, Ont.The visit to the largest rock salt mine in North Americ…
EDITORIAL PAGE — Unsung heroes
Canada’s prospectors rarely get the respect they deserve for helping to make the mineral industry a cornerstone of thenational economy. The lot of the prospector is perhaps bestsummed up in Winston Ch…