Montreal Exchange (March 09, 1992)

Continuing its active trading during the week ended March 3 was Orient Resources, which has a busy slate of exploration programs, including a joint venture at a gold property in Benoit Twp. in northwestern Quebec with Commonwealth Gold. The junior is awaiting assays from the first three of four holes of an initial Benoit drilling program. Orient closed at 21 cents, off a penny, on more than 1.1 million shares.

The mining and minerals index gained 3.5 points during the report period while the market portfolio dropped by almost 7 points. Daily volumes ranged between 5.3 million and 11.8 million shares. The ME benefited on the last trading day of the report period from an influx of orders caused by an almost 4-hour halt of floor-trading activities on The Toronto Stock Exchange because of technical problems.

Societe d’Exploration Miniere Vior reports a 23.7-ft. intersection grading 0.35 oz. gold per ton at the Douay gold project in Quebec’s Casa Berardi area. Vior, which gained 3 cents to 60 cents on 149,000 shares, said 37 holes were drilled during January and February; a follow-up campaign is planned. Forty holes were drilled on the No. 1 vein system during the first phase of an exploration program at the Granada gold property near Rouyn-Noranda, Que., project partners KWG Resources and SEG Exploration announced. The No. 2 vein zone was tested with 29 shallow holes. Trading 256,300 shares, KWG moved ahead by 13 cents to $1.25. SEG closed unchanged at 50 cents on 62,400 shares. Coleraine Mining Resources reported encouraging results from laboratory testing of material from the Hall chromite property at Thetford Mines, Que. Coleraine climbed 7 cents to 16 cents on almost a half-million shares.