Montreal Exchange (November 25, 1991)

An economy with few bright spots seemed to worry investors during the week ended Nov. 20. Both the market portfolio and mining and minerals index turned down, the former by 55.5 points and the latter by 24.4 points. Daily trading volumes ranged from 4.5 million to more than seven million shares.

Moving almost 700,000 shares was KWG Resources, which announced the acquisition of peat moss reserves near Val-Alain, Que., near the Trans-Canada Hwy. Peat moss has potential as an alternate energy fuel. KWG was off a penny during the report period to 89 cents.

Drilling at the Grevet zinc project southeast of Matagami, Que., continues, where VSM Exploration and project partner Serem-Quebec have been trying to identify new mineralized lenses. VSM slipped by 12 cents to 61 cents on a volume of 22,500.

Ressources Robex, up 3 cents to 28 cents on 16,000 shares, has an option deal, subject to regulatory approval, with Bateman Bay Mining to earn a 25% interest in copper-gold-silver property in the Chibougamau, Que., area. Closing unchanged at 20 cents on 1,500 shares was Registry Resources, which said it has acquired, subject to regulatory approval, a 50% interest in property in the Sturgeon Lake area of northwestern Ontario. Registry and project partner Golden Tag Resources, planning a joint exploration program, said they are willing to take on a third partner for exploration financing purposes.

Field work is under way by Aur Resources at the Joutel-Poirier base metal property 150 km north of Val d’Or, Que., Charlim Explorations reported. Aur, which closed unchanged at $2.75 on 16,000 shares, may earn a 70% interest in the property from Charlim.

Voluntarily delisting its shares from the ME was Greater Lenora Resources, which is keeping its TSE listing.