Montreal Exchange (January 27, 1992)

Resource issues were in favor the week ended Jan. 21, when the mining and minerals index jumped by more than 44 points. The general market portfolio index headed the other way, closing down by almost 25 points. Daily trading volumes were solid, ranging between 5.9 million and 11.1 million shares.

A new drilling program at the Douay gold property in Quebec’s Casa Berardi region seems to have helped Societe d’Exploration Miniere Vior, which climbed 20 cents to 60 cents on a volume of 435,800. Vior’s Douay partner and project operator is Inco Ltd. The two plan to spend $850,000 testing mainly ground between two known auriferous deposits on the property.

Radisson Mining Resources reported completing a flow-through private placement worth $170,000, the proceeds to be used to start an exploration program on the company’s Duquesne gold property north of Rouyn-Noranda, Que. The surface drilling campaign will focus on two targets.

Trading 444,400 shares and gaining 3 cents to 19 cents, Radisson also reported acquiring by staking a new property in Duparquet and Hebecourt twps. northwest of Rouyn-Noranda.

In northeastern Ontario, northeast of Cochrane, Aurizon Mines announced the commencement of a drilling program on property in Hoblitzell Twp., where targets will be tested for gold mineralization. The company, earning a 60% interest, has optioned the property from Glen Auden Resources and Golden Dragon Resources.

Also, Aurizon, which was ahead by 2 cents to 30 cents on 190,100 shares, said linecutting is complete and geophysical surveys are under way on two exploration properties in Benoit Twp., Que.