Over the Counter Trading Features (November 10, 1986)

Platinum fever has finally spread to COATS-traded issues. Boston Bay Mines, which controls a 90% interest in the Lac des Iles platinum- palladium deposit north of Thunder Bay, Ont., was strong at $4.25- $4.50. Boston Bay followed on the coat tails of TSE-listed Madeleine Mines, which will likely be the developer of the property. Belleterre Quebec Mines, which holds a 39.7% interest in Boston Bay, also perked up, closing at 68 cents -73 cents ; only marginally better over last week.

Northfield Minerals was also active, trading at 75 cents -80 cents . The company and a partner have optioned a Larder Lake area gold property from Kerr Addison Mines and Eldor Resources. The juniors however, must pay out a hefty $5 million to fund exploration in order to earn just 30%.

Edda Resources was trading again after a cease trade order was lifted. The issue opened at 35 cents -40 cents . Python Resources was also restated for trading opening at 5 cents bid with no asking price.

Mirado Nickel Mines, which holds a 30% royalty in the Mirado property near Kirkland Lake, Ont. remains quiet at 40 cents -45 cents . However, Golden Shield Resources, the VSE- listed outfit planning to place it in production, is hitting new highs.