ALBERTA STOCK EXCHANGE Ontex active

The final round in Ontex Resources’ court battle against TSE-listed Metalore was being fought during the report period ended Nov. 13 as lawyers from each side presented their final summaries at the trial which began nearly two months. A total of 24,500 shares of Ontex changed hands during the week to close at $1.75. Investors are anticipating a victory for Ontex which wants its original ownership right to the Brookbank property near Beardmore, Ont., restored. The property is estimated to contain at least 1.4 million tons grading 0.23 oz. gold per ton. Avanti Capital, which owns nearly a million shares of Ontex, rose 5 cents to $2.75 on volume of 61,000 shares.

Durvada traded 88,200 shares to close at $1.26 for a gain of 26 cents on the week. Durvada, owned 53% by Durga Resources, recently signed an agreement with VSE- listed Florin Resources and CrimsonStar Resources to finance exploration on three Nevada gold properties owned by the latter companies.

After signing a joint venture agreement with Cominco American, Savanna Resources traded 349,700 shares to remain unchanged at 30 cents.

The recent deal gives Cominco the right to earn a 50% interest in Savanna’s Turner Albright gold- copper-zinc property in Oregon. A drill program to increase reserves is planned.

Cradle Mountain saw 433,500 of its shares traded at the 30 cents level. The company signed a letter of intent last month to earn a 55% interest in the Susanville gold deposit in Oregon. The deposit is estimated to contain at least 240,000 tons grading 0.25 oz. gold per ton.

In the base metals area, Stratabound Minerals rose 30 cents to $1.35 after the company received its first payoff from milling of a recent bulk sample taken at its CNE property near Bathurst, N.B.

Another company that has been in the news lately is Dingman Industries. Its shares gained 30 cents to close at $1 on volume of 50,000 during the report period. Dingman is in a deal with Glavamazzoloto of the USSR to treat arsenical gold concentrates from a Soviet republic.

The Alberta Securities Commission recently issued cease-trade orders against Louisiana Mining and Takla Gold Mines for failure to file required financial information.