Near Rouyn-Noranda, Que., joint-venture partners Minnova Inc. and Syngold Exploration continue to report encouraging results from an underground exploration program at the Donalda property. A feasibility study will follow completion of the current work program. Trading 3,300 shares, Minnova slipped 13 cents to $22.25, while Syngold dropped 6 cents to 78 cents on the same amount of shares.
In northern Ontario, Chesbar Resources and TSE-listed Murgold Resources have decided to process stockpiled material from their Chester Tw project by way of a custom-milling contract at a Timmins facility. Chesbar climbed 5 cents to 60 cents on 16,500 shares.
Mimiska Mining says it has uncovered a new gold showing in the southern part of its Fern Elizabeth property at Atikokan, Ont., west of Thunder Bay, where drilling intersected 0.21 oz gold per ton over 29 ft. Trading 48,500 shares, Mimiska closed unchanged at $1.75.
Allocating an additional $420,000 to a drilling program under way at the zinc-silver-gold Grevet M property in northwestern Quebec are partners VSM Exploration and Serem-Quebec. The funds will allow an extra 6,000 ft of drilling to be performed. VSM fell 4 cents to 60 cents on a volume of 94,000.
VSE-listed Faith Mines has acquired an option to earn a 70% interest in the Chaste property north of Amos, Que., from Ojibway Resources, which traded 50,000 shares and rose 1 cents to 7 cents . The agreement, subject to regulatory approval, calls for Faith to spend $1 million on exploration work to earn its interest.
Recently listed for trading on the ME was Aylmer Mines of Aylmer, Que.
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