Montreal Exchange: Mazarin-Cogema deal

Quieter times seem to have settled into the various stock markets and the Montreal Exchange is no exception. Trading continues mixed. During the past week, both the market portfolio and mining and minerals index slipped slightly, with daily trading volumes ranging between 4.6 million and 7.5 million shares.

Announcing a deal with Cogema Canada which will allow the French- owned company an opportunity to earn a 50% interest in property located north of Amos, Que., was Mazarin Inc., which traded 67,800 shares and gained 1 cents to 26 cents . Cogema may earn its interest by spending $1 million on exploration and making cash payments of $110,000 during the next three years.

A bulk sample of 10,000 tons is planned by Radisson Mining Resources at the Duquesne property where the first phase of an exploration program has identified seven parallel veins. Radisson closed unchanged at 47 cents on a volume of 94,200.

Earning a 30% interest in the East Leitch properties in the Beardmore area of northern Ontario is Anodor Inc., which carried out a winter drilling program to explore vein structures laterally and at depth. Anodor, which dropped 1 cents to 33 cents with 3,000 shares changing hands, acquired its option from Falconbridge Ltd., which traded 143,000 shares and slipped 75 cents to $22.38.

Aster Exploration reports discovery of a gold-bearing structure on its Guercheville property in Quebec’s Chibougamau region. Aster closed unchanged at 18 cents on 15,000 shares. The Guercheville property is 50%-owned by Alberta-listed Bay Resources & Services.

Encouraged by drilling results from a program investigating, in part, the No 10 vein at the Lamaque property at Val d’Or are Golden Pond Resources and Teck Corp.. An update on drill-indicated reserves is expected soon. Golden Pond traded 33,800 shares and moved down 3 cents to 53 cents , while Teck’s B stock slipped 25 cents to $15.38 on a volume of 40,900.

Newly listed on the ME is Houston Metals of Vancouver.