COATS Trading Features (July 27, 1987)
News that control of Gateford Resources is passing to an officer of the company helped the issue. Gateford added a nickel to 40 cents -50 cents . Macdonald Mines continued unchanged at 30 cents . Mana…
News
Jonpol and Cominco begin program at Garrcon project
Jonpol Explorations and Cominco Ltd. recently agreed to begin a $2-million exploration program on the Garrcon property in Garrison, Twp., Ont. Under the agreement, the funds will be spent over two ye…
Old Newcor mine gets second look by Colray, Vista
A joint venture program to explore the old Newcor mine property in the Flin Flon area of Manitoba has been announced by Colray Resources and Vista Mines. Colray can earn a 30% interest by spending abo…
Chesbar extends ramp at gold bet
The ramp extension being driven to open up a second level on the No 3 vein system has advanced to 470 ft at the Chester Twp. gold property near Gogama, Ont., Chesbar Resources reports. Underground dri…
La Teko pours gold bar at Ryan Lode
With only a 6-month leaching season to work with, it seems almost too good to be true but La Teko Resources is planning to heap leach some 13,000 oz of gold this year from its Ryan Lode gold deposit i…
Correction (July 27, 1987)
It was reported (N.M., July 20/87) that Platinova Resources is a private mineral exploration company. In fact Platinova, which has a 78% interest in Black Hawk Mining, was listed on the Toronto Stock …
Van Nest acquires Gateford Resources
COATS-listed Gateford Resources recently announced the private placement of two million common shares and one million warrants to purchase common shares for an aggregate consideration of $400,000 to V…
Investment Comment Conwest pins hopes on oil rebound
While a steep decline in oil and gas prices took a large bite out of Conwest Exploration’s 1986 cash flow, few natural resource companies can boast such an enviable track record. In business for 48 ye…
METAL MARKETS Shareholders nix amalgamation plan
Preferred shareholders of Potash Co. of America recently rejected a proposal to amalgamate the company with Rio Algom, which controls almost 88% (all of the common shares) of the company. Potash Co., …
Queries Gold boosts Edda shares
I would appreciate any information you can give me on Edda Resources. The issue doubled a couple of weeks ago and I would like to know what caused it to go up. Edda appears to be a good stock for inve…
Metal Prices FREE MARKET London Metal Exchange (July 27, 1987)
Spot closing prices in Pound Sterling per tonne Date July 21 July 20 July 17 July 16 July 15 Copper 1024-1025 1024-1025 1015-1017 1016-1017 1004-1005 Lead 408-409 410-411 …
Vancouver Stock Exchange Market back in neutral territory
The Vancouver market has moved back into neutral territory following yesterday’s 16-point loss. By presstime, the VSE index was up marginally to 1,860.6 pts and most issues were trading within narrow …