Corona successful in Avalon offer
An offer to purchase all of the outstanding common and preferred shares of Avalon Corp. has resulted in Corona Corp. (TSE) obtaining majority ownership of the North American oil and gas company. Coron…
1989
Promotion a necessary part of attracting investors’ interest
Public interest is often necessary before any junior mining stock becomes active, but how do promoters achieve such interest? Creating public interest in a junior firm hinges on keeping speculators an…
New discovery needed to revive intestors’ interest
How the juniors long for 1987. Mid-1987 to be exact. At that time, the gold boom was reaching its peak and junior exploration companies on every Canadian exchange were enjoying an unprecedented period…
Mining industry springs to defence of VSE
The mining industry has rushed to the defence of The Vancouver Stock Exchange and its role of providing risk capital for mineral exploration. Through advertisements appearing in local and national pub…
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In the Yukon, the troubled Ketza River gold mine at Ross River is at the centre of a legal dispute between Canamax Resources (TSE) and Belmoral Mines (TSE). Canamax is suing Belmoral for breach of con…
Toronto Stock Exchange Rich copper find sparks buying of Aur,
There’s nothing quite like a hot drill hole to ignite a market stampede. This popular mining adage was reaffirmed this week by the mad rush to get a piece of Aur Resources and Louvem Mining — until j…
Hislop gold project encourages Stroud
Deep drilling by partners Stroud Resources (TSE) and Chevron Minerals on the former Gunnar Gold Mines property in Hislop Twp., Ont., has led to a new geological reserve estimate for the Creek zone. St…
Vancouver Stock Exchange Sorry year-end stats for ailing VSE
The VSE released results of its fiscal year ended March 31 which showed a deficiency of revenue over expense of $1.85 million before special items. Even though the Exchange held its position behind Ne…
Moneta acquires land
Moneta Porcupine Mines (TSE) has acquired a 100% interest in 20 patented claims in Tisdale and Deloro twps., near Timmins, Ont. The claims, which were purchased for shares, are adjacent to claims held…
Cathedral Gold earnings reduced
A substantial drop in gold production at the 52%-owned Stirling mine in Nevada brought about reduced revenues and operating income for Cathedral Gold Corp. (TSE) during its 1989 first quarter. The com…
INSIDER TRADES (June 19, 1989)
Audrey — Northgate Expl bought 500,000 (May, private) @ $3.75. to hold 3,300,500. Bachelor Lake — Que Sturgeon bought 30,00 (May) to hold 1,030,000. Battle Mountain — T Pate sold 24,875 (May) @ $13…
Fifth hole returns positive gold values, Armistice reports
A fifth hole drilled into the Kerr zone at the Virginiatown, Ont., property of Armistice Resources (ME) has returned interesting values, the company reports. Underground hole 22W900-4, between 3,200 f…