OSC announces COATS check
Coats is going to be given a report card. A task force has been established by the Ontario Securities Commission to review the Canadian Over-the-Counter Automated Trading System and to determine if an…
News
Montreal exchange Denn’or shares popular
New information from an exploration program on the former Val d’Or East Sullivan concession in Bourlamaque Twp. in northwestern Quebec has been released by Denn’or Exploration, which closed up 12 cent…
Aur Resources and Rogi in Quebec gold joint venture
A joint-venture agreement has been entered into by Aur Resources and Rogi Exploration whereby Rogi may earn a 40% interest in Aur’s Annamaque-Faraday property, about 7 mi southeast of Val d’Or, Que., …
Companies pool lands in Iskut River area
American Ore reports it has pooled its lands in the Iskut River area of northwestern B.C. with those of Golden Band Resources in the area, under an agreement made between American Ore, Golden Band, an…
PRODUCER PRICES (June 15, 1987)
ALUMINUM: MW U.S. Market 70.00 cents -72.50 cents per lb. (May 28, 1987). ANTIMONY: New York dealer $1.18-$1.23 per lb. (May 14, 1987). BISMUTH: New York dealer $3.30-$3.40 per lb. (May 28, 1987). CAD…
NSR Resources
Toronto-based NSR Resources has entered into an agreement with Middlefield Resources Ltd. to raise 2.8 million for its share of an exploration program on the Rand Malartic gold property in Fourniere T…
Exploration work planned by Energy
A program of line cutting, geophysical and first phase of a diamond drilling program is planned by Alberta-listed Energy International Overseas Corp. on its newly- acquired Bernier group of claims nea…
Metal Prices FREE MARKET London Metal Exchange (June 15, 1987)
Spot closing prices in Pound Sterling per tonne Date June 9 June 8 June 5 June 4 June 3 Copper 951-952 957-958 913-914 946-947 938-939 Lead 371-373 38…
Placer selling Equity shares
Placer Development has agreed to sell 4.82 million common shares of Equity Silver Mines to Dominion Securities and Nesbitt Thomson Deacon as underwriters. Price of the shares will be $12.50 each. Plac…
Northquest option
Northquest Ventures has acquired an option to earn a 25% interest in a gold prospect located in Chester Twp., Ont. Situated 25 km southwest of Gogama, the property was acquired from Westport Resources…
Ore reserve estimates can cause tons of confusion
There is, perhaps, nothing more fundamental to mining than ore reserves, yet, at the same time, there is no other single item in mining that causes so much argument, disagreement and outright confusio…
$4 m. to be spent on Fontana bet
Coats-listed Bay Resources and Services has optioned a 16-claim property, called the Fontana property, located in Duverny Twp., Que. to an affiliated private company called Stratmin Inc. Bay holds a 7…