Unlisted Trading (February 17, 1992)

Continuing to trade actively, Pelangio-Larder Mines gained another 3 cents to close at 60 cents during the week ended Feb. 11.

The company has acquired an option on 12 claims in Hurdman Twp., Ont., about two miles northeast of a recent discovery that returned 37.7 ft. grading 2.41% zinc for Noront Resources.

Pelangio says the claim group covers two parallel geophysical anomalies that warrant investigation.

Drilling will get under way on the B Group property in Kidd Twp., Ont. by Feb. 22, says White Star Copper Mines. The property, adjacent to the Kidd Creek mine, is under option to Falconbridge.

White Star added 8 cents to close at 75 cents.

Amid quiet trading, Hol-Lac Gold Mines signed an agreement to purchase up to 50% of White Plains Resources for US$2 million. White Plains owns a 100% interest in the Gilbert property, a wollastonite deposit in Esmeralda Cty., Nev. Hol-Lac advanced 8 cents to 25 cents.

Proceeds of a proposed offering of common shares would be used to fund acquisition costs related to the company’s two U.S. properties, reports Holcorp Mines. The money would also fund development on those properties. Holcorp gained a nickel to close at $1.15 on thin volume.