Dayton Porcupine stayed up in the high ground at $2.40-2.45 this week, while Force Resources backed off a nickel to $1.25 on a volume of 31,210 shares. Other losers included Gold Bar Resources, which moved 10 cents lower t o $1.15, and McNickel Inc., which tumbled 40 cents to close at 90 cents on 41 transactions. The company’s Lac St. Jean copper-nickel prospect has yielded interesting but generally uneconomic results so far.
A high-volume trader was Milestone Resource, which had been listed previously on The Alberta Stock Exchange before being suspended earlier this year. Nearly 600,000 shares of Milestone changed hands in the 23-33 cents range with the close at 33 cents . Much of the activity was the result of western brokers selling to eastern brokers. The company recently optioned a property in the Bird River area of Manitoba, where a small 4,000-ft drilling program is planned. Rumors of a possible financing kept Pinetree Explorations active in the 27-30 cents range. The company has a gold prospect near Bond Gold’s producing Golden Patricia mine in northwestern Ontario. Following the signing an option deal with Bond Gold, Pantheon Minerals was up 10 cents to $2.80. Under terms of that agreement, Bond will drill Pantheon’s Jay gold prospect situated west of Pickle Lake, Ont.
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