Company News Summary
Northern Star Resources Provides June 2012 Quarterly Activities Report
Original announcement: Quarterly Activities Report
Northern Star Resources provided its June 2012 quarterly activities report, reporting the Paulsens Gold Mine delivered a 43% increase in Au production and 29% reduction in cash costs. Voyager 1 lode was extended another 150m down plunge. Deep drilling results were up to 63.5gpt. Ashburton is on track to be 100,000ozpa stand-alone operation after drilling results and newly defined additional prospects. Peter O'Connor joined the Board in May 2012. Ray Parry promoted to Chief Financial Officer. The Company acquired 14.5% of Venturex Resources. Cash and bullion on hand is $75M (after $20M in abnormal items).
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