Montreal Exchange (February 24, 1992)

Drill results from a program at the Granada property near Rouyn-Noranda, Que., gave project partners KWG Resources and SEG Exploration a lift during the week ended Feb. 18.

The exploration program is focused on shallow surface drilling of the No. 1 and No. 2 vein systems of the former gold-producing property. Trading more than 550,000 shares and gaining 75 cents to $1.50 was KWG, while SEG jumped by 52 cents to 60 cents with more than 450,000 shares changing hands. SEG is controlled by St. Genevieve Resources, which was ahead by 17 cents to 67 cents on a volume of 213,600.

Both the market portfolio and mining and minerals index closed lower on the week, the former by 28.3 points and the latter by 9.3 points. Daily trading volumes ranged between 5.5 million and 8.5 million shares.

Aur Resources, which is earning a 70% interest in the Joutel Copper property in northwestern Quebec from TSE-listed Joutel Resources, is set to begin a drilling program. Three base metal targets will be tested. Aur, trading 12,700 shares, slipped by 13 cents to $2.38.

Partners at the Tiblemont property northeast of Val d’Or, Que., Ressources Maufort and Cameco Corp., say they intend to begin a new drilling program. Recent drilling on the property uncovered a new gold-bearing zone. Maufort gained 1 cents to 4 cents on 188,500 shares.

Lyon Lake Mines, up a penny to 8 cents on 52,100 shares, says it has an agreement with Mosquito Consolidated Gold Mines whereby Lyon will sell its 52% interest in the Mosquito property in British Columbia in return for 900,000 shares of Mosquito.

Newly listed on the ME is Swift Minerals.