Vancouver Stock Exchange (January 02, 1989)

Balcor Resources shot up 4 to 27 cents At last report it was considering an offer from a company for a $3 million work commitment on its Lasthope property in Manitoba.

A number of other Prime Capital companies active in northwestern British Columbia posted gains over our report period despite the traditional holiday season lull. They included Adrian Resources which moved ahead 15 to 62 , and new- comer Consolidated Goldwest Resources, which climbed 13 to 75 cents Golden Nevada Resources also moved ahead, gaining 17 to 83 cents

The volume leader, however, was Rocky Mountain Energy, a Denver- based oil company which gained 7 to 25 cents The company also has mineral claims in northwestern British Columbia.

The original Iskut River pioneer, Skyline Resources, climbed $2 to $11.25, albeit on low volume. The company appears to be having some success in turning around the problem-plagued Johnny Mountain mine, which incidentally has a for sale sign posted on it by Ron Shon, a real estate developer and early Skyline financial backer.

A lot of people have seen the property in the past six months but nobody has bought it yet (and there’s probably a good reason for it we expect).

Castello Resources advanced 51 to $1.70 after announcing an agreement to acquire a claim group near Stewart, B.C. where two interesting gold showings were discovered in 1910. Assay values recorded back in 1943 include 0.63 oz gold and 0.79 oz silver over a 58 ft by 2 ft vein exposed in a tunnel.

Aintree Resources, now undergoing a change in control, gained 5 to 30 , while War Eagle Mining inched ahead 4 to $1.

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