COATS Trading Features (February 29, 1988)
The volume leader on coats this week was Tarzan. Trading more than 450,000 shares, the issue hit $1.25 at the high. Tarzan’s exploration projects, which are run by well- known geologist Robert Middlet…
News
Adit at first objective on Geddes copper deposit
A 5,400-ft-long adit has reached its first objective at the Windy Craggy copper deposit, Geddes Resources says. Located in northwestern British Columbia, the Windy Craggy deposit is in rugged, mountai…
Investment Comment Promising projects make Noramco a buy
It may be a relatively new listing on the Toronto Stock Exchange, but Noramco Mining Corp. is an experienced player on the Canadian exploration scene. A public company since April 1987, the Vancouver-…
Lacana boosts Mascot interest
Recently boosting its holdings in Mascot Gold Mines to 50.3% (from 49.1%), through the acquisition of about 560,000 shares, was Lacana Mining of Toronto. Lacana says it acquired the Mascot shares (bot…
Alberta Stock Exchange Barrons chides Borealis
One of North America’s most influential financial publications has taken Borealis Exploration to task for spending flow-through dollars on its Arctic iron ore and gold projects without yet making any …
Metal Prices FUTURES PRICES (February 29, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb 93.70 93.70 93.60 — 14.90 Mar 94.60 …
Noranda up stake in Crown Butte
Toronto-based Noranda Exploration has elected to increase its participation in a Montana polymetallic property by exercising its right to acquire shares of Vancouver- listed Crown Butte Resources. Und…
Editorial There won’t be an oversupply of gold
The price of gold has been rather sluggish of late, breaking that so-called $440(US) barrier on the downside again this week. Naturally, this is causing some concern in investment circles, certainly t…
St. Andrew adds more land to Stock Twp. holdings
In a bid to increase its share of gold reserves at the Stock Twp. property near Timmins, Ont., St. Andrew Goldfields is buying an additional block of claims to the north and east of the property from …
Highland Valley relocating mills
A $70 million construction program will be undertaken by Highland Valley Copper in British Columbia to relocate two mills to a site adjacent to the Lornex Mining milling complex. The program is expect…
Rambo-Royex deal
An agreement has been worked out between Rambo Exploration of Rouyn-Noranda, Que., and To ronto-based Royex Gold Mining whereby the latter may acquire a 50% interest in Rambo’s 35-claim gold prospect …
AGIP expanding presence in Canadian mining sector
AGIP Canada, the wholly-owned affiliate of AGIP SpA of Italy, one of the world’s leading oil and gas companies, is taking on a more aggressive role in the Candian mining industry. Although the company…