Average yield (April 20, 1987)
The average stock yield on mining stocks on the tse as compiled by Moss, Lawson & Co. on prices of March 20 were down 0.07% from the previous week to 1.28%. Last month this group yeilded 1.52%. One ye…
News
Sunmist acquires exploration properties
Sunmist Energy ’86 has acquired 53 claims in Brackin Twp., Ont. The claims are held under option by Canreos Minerals which has the right to earn a 60% interest in the ground by spending $300,000 on ex…
New zone found at Cannon mine
An extension to the B North ore body of the Cannon mine at Wenatchee, Wash. has been discovered, reports Asamera Inc. The new zone, called the B-4, ext ends to the west and north of the B North, whic…
News in Brief (April 20, 1987)
Augustus Resources has changed its name to Croesus Resources on a 1-new-for-2-old share basis.
Zahavy to buy Getty’s interest in Favourable Lake
Alberta-listed Zahavy Resources has exercised its right of first refusal and has decided to purchase Getty Resources’ 50% interest in the Favourable Lake joint venture property located north of Red La…
Plexus financing (April 20, 1987)
An $11-million equity offering is being planned by Plexus Resources, the company says. The financing will follow upon the completion of contracts being prepared between the company and Kennecott which…
Break-neck activity keeps market hopping
For the third straight month, records were shattered on the Toronto Stock Exchange making March the all-time top month for both dollar value and share volume traded. Dollar value traded rose to a reco…
Canuc expects royalty income
Canuc Resources expects to start receiving royalty income from its uranium properties near Elliot Lake, Ont., by 1989. Sold to Denison Mines, the Canuc ground hosts drill-indicated reserves of 7-10 mi…
Storimin is set to resume work on Moss Twp. bet
Storimin Exploration says it will resume exploration immediately after breakup on its Moss Twp., Ont. gold prospect, about 70 miles west of Thunder Bay, where a 30,000-ft drill program has been comple…
Batle Mt. plans a Canadian office
Battle Mountain Gold has a problem. With a steady cash flow, healthy profits and no debt, the Houston-based gold producer is trying to decide where best to spend its growing cash reserves. It could be…
Northern Dynasty lists on TSE
The common shares of Northern Dynasty Explorations were posted for trading on the tse on April 10. The company is listed in the mining category with 5,437,500 common shares, of which 5,125,000 shares …
Fast pace at Duport by Cons. Professor
Underground driling will continue at a fast pace at Consolidated Professor Mines’ Duport gold property near Kenora, Ont., reports President G. R. Cunningham-Dunlop. The underground program will includ…