Alberta Stock Exchange Pelham, big trader
Another junior exploration company has fallen victim to the Oct 19 market downturn. Monte Carlo Gold Mines, which has had trouble getting the financing to explore its Aruba Island gold prospect, has f…
News
Zinc market facing an oversupply; lead benefiting from tight
A better year is forecast by Shearson Lehman Brothers for lead than for zinc. In its Annual Review of the World Lead & Zinc Industries 1987, Shearson says the zinc market is fundamentally oversupplied…
Bulk sample test planned by Aunore, Nova Beaucage
Joint-venture partners Aunore Resources and Nova Beaucage Mines say they plan to start mining in April a bulk sample from the Elder gold property near Rouyn-Noranda, Que., and hopefully will be in pro…
CIM student night
W. R. O. Aitken, executive vice- president of Inco Ltd., will be the guest speaker at the annual Students Night meeting of the Toronto Branch cim to be held at the Royal York Hotel Jan 21. Topic will …
Metal Prices PRODUCER PRICES (January 18, 1988)
ALUMINUM: MW U.S. Market 89.00 cents -91.00 cents per lb. (Jan 7, 1988). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Dec 10, 1987). BISMUTH: New York dealer $4.70-$4.80 per lb. (Nov 19, 1987). CADM…
Ark La Tex explores N.W.T. Sunset Lk. bet
Good drill results from a neighboring claim has moved Ark La Tex to take another look at its Sunset Lake prospect, located 70 miles east- northeast of Yellowknife. Ark La Tex has an option to earn 60%…
Terramar buys California company that owns a former gold producer
Terramar Resource Corp. has agreed to purchase Mount Gaines Resources, a California company whose principal asset is the old Mount Gains gold mine in California. Between 1853 and 1949, the mine produc…
United Gunn anticipates Cuisson Lake dividends
High demand and low inventories have sent copper prices flying and it isn’t just the big producers who are benefiting. The ripples are spreading and one busy trader of late, United Gunn Resources, exp…
Murgold offering raises $690,000
Recently listed for trading on the Toronto Stock Exchange (symbol mgd), Murgold Resources reports it has completed an offering yielding the company $690,000. Murgold, which also trades on the Vancouve…
COATS Trading Features (January 18, 1988)
Trading activity has improved on coats following the dismal performance recorded in November, 1987. During that month, the average daily value of shares traded fell to a record low of $1 million. Tota…
Trade dispute averts penalties
The threat of heavy penalty duties being imposed by the United States on Canadian potash in yet another trade dispute between the two countries has been averted. Under a new agreement negotiated betwe…
Pacific and Canamax drill high grade holes at Ketza
Drilling by partners Canamax Resources and Pacific Trans-Ocean Resources on their equally held Ketza River property in the Yukon, has encountered high-grade mineralization from an oxidized unit in the…