Alberta Stock Exchange (September 02, 1991)

Trading lightly during the week ended Aug. 27, Cochise Resources picked up 20 cents to close at $1. Cochise is currently preparing for a helicopter-supported drill program on a 995-sq.-km copper-molybdenum prospect 300 km north of Chibougamau, Que.

To earn a 50% interest in the property from Windy Mountain Explorations, Cochise must spend $1.25 million by Oct. 31, 1992. Windy closed unchanged at $1.

As drilling progressed on Scotia Prime Minerals’ base metal properties in Nova Scotia, the company lost 14 cents to close at 25 cents on thin volume. Phelps Dodge is earning a 51% interest in three Scotia properties by spending $2.1 million over three years. The exploration programs are managed by Phelps and operated by Scotia.

Delmay Mines popped out of the woodwork this week to take top spot on the most active list. The Edmonton-based company, which holds a 26-claim gold prospect west of Kirkland Lake, Ont., traded 452,000 shares to close up three cents at 23 cents. Management could not be reached for comment. Announcing that a 4-for-1-share consolidation has been completed, Stade Exploration lost four cents to close at 10 cents. The company now has 5.1 million class A shares issued and outstanding.

Currently suspended from trading, Kinbauri Gold has issued a statement of claim against International African Mining Gold, a private company, to recover damages after African Mining called off an amalgamation between the two companies.