Montreal Exchange (February 03, 1992)

A successful flow-through financing worth $350,000 was reported by Ressources Robex, which has a drilling program planned for the Baie Bateman copper-gold property in the Chibougamau, Que., area. Trading 18,500 shares, Robex gained 2 cents to 22 cents.

For the week ended Jan. 28, the market portfolio closed down by 17.5 points and the mining and minerals index was off by almost 21 points. Daily trading volumes ranged between five million and 11.4 million shares. In the Val d’Or, Que., area, Western Quebec Mines reported starting up a surface drilling program at the Dubuisson East gold property after signing an option agreement with Republic Goldfields. Western jumped by 20 cents to 80 cents on a volume of 29,500.

Spirit Lake Explorations, ahead by a penny to 45 cents on 13,700 shares, is planning a 7,500-10,000-ft. surface drilling program for its Edwards gold property near Wawa, Ont., this winter. Follow-up work may include an underground test program.

A gold-bearing horizon 300 ft. to the north of the main producing horizon at the LaRonde mine has Agnico-Eagle Mines excited. The horizon has been the focus of an underground exploration drive on the 20th level; current work is aimed at determining the strike extent, to be followed by further probing at depth. Agnico, trading 53,300 shares, gained 63 cents to $5.38. Showing a healthy gain of $3 and closing at $11.25 on 2,700 shares was Asbestos Corp. Societe Nationale de l’Amiante, owned by the Quebec government, said it wants to sell its interest in the asbestos producer.