NO HEADLINE (July 31, 1989)
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News
Toronto Stock Exchange Indices (July 31, 1989)
1989 July 25July 24July 21July 20July 19HIGH LOW Composite “300” 3899.77 3893.83 3901.36 3886.15 3872.64 3901.36 3353.13 Metals & Minerals 3316.10 3295.39 3327.60 3309.61 3308.75 3564.92 32…
Eagle Lake negotiating
Eagle Lake Explorations (ASE) is negotiating the terms of a deal, which if concluded, would lead to drilling on its lead-zinc prospect in the Anvil area of the Yukon. The claims are 12 mi northeast of…
Lord River program enhances potential
Some encouraging results have been reported by Lord River Gold Mines (VSE) from its Trout Creek property, 15 miles southeast of Carlin, Nev. Five holes totalling 2,280 ft were drilled in the central f…
Eastmaque Gold records net profit
Eastmaque Gold Mines (TSE) reported net earnings of $682,225 for the nine months ended March 31. A net loss of 1 cents per share was recorded because of accrued dividends on the 8% outstanding prefer…
Noramco options Ont. platinum group claims
Vancouver-based Noramco Mining Corp. (TSE) has acquired the Gionet platinum-palladium-copper- nickel property near White River, Ont. Noramco has the right to acquire a 100% interest, subject to a 2% s…
Correction (July 31, 1989)
In the July 17 edition of The Northern Miner it was incorrectly reported that Aaron Oil Corp. (ASE) traded on the Vancouver Stock Exchange. In fact, Aaron trades on the Alberta Stock Exchange.
Royalstar to drill polymetallic bet
The 1989 exploration program by Royalstar Resources (VSE) on the Bob Creek property near Houston, B.C., will include close to 9,000 ft of drilling to further delineate three partly- defined zones of l…
Talbot Lake bet readied for drill by Golden Crescent
Golden Crescent Resources (ASE), which is earning a 49% stake in 26 exploration projects owned by Placer Dome Inc. (TSE), has begun a surface stripping program at Talbot Lake, near Geraldton, Ont. Gol…
VSM resumes drilling at Grevet base metal bet
Drilling has resumed on VSM Exploration’s (ME) Grevet base metals project southeast of Matagami, Que. A majority of the drilling will focus on defining and expanding reserves on the Grevet M property,…
Toronto Stock Exchange Booming metals help composite reach new high
The metals and minerals index gave a helping hand to the composite index as it reached a new high this week of 3935.23 pts. Metals and minerals, which were up by more than 3% to 3415.96 pts, responded…
Battle Mountain gains 51% of Inti Raymi
Battle Mountain Gold (TSE) has signed an option to increase its interest in Inti Raymi, a Bolivian mining company, to 51% from 33.3%. The agreement gives Battle Mountain the option to purchase 35,332 …