Toronto-based Aur Resources is no longer in the chase for Louvem Mines, the Val d’Or, Que., area gold producer whose major shareholder is St. Genevieve Resources. The deal, in part, called for St. Genevieve to sell its holdings in Louvem to Aur, which traded 28,400 shares and gained 5 cents to $3.70. Trading in the shares of Louvem and St. Genevieve remain halted on a matter related to a Gold Spinners International tailing recovery process.
In a separate development, Aur is expanding its Val d’Or property interests by entering into option agreements with four junior firms controlled by Jack Kentish. Three of the companies are in the process of amalgamating: Mid-Canada Gold and Copper Mines, which closed unchanged at 7 cents on 8,000 shares; Abitibi Resources, also unchanged at 6 cents on 92,000 shares; and Pionnier Resources, down 1 cents to 5 cents on 10,500 shares. The fourth company is Dumont Nickel, which traded 57,800 shares and closed unchanged at 30 cents .
Volume leader on the week with more than two million shares changing hands was Parquet Resources, which moved up 1 cents to 13 cents . Parquet is actively exploring gold property in Courville Twp., about 20 miles northeast of Val d’Or, with Finor Exploration, which is earning up to a 30% interest in the property and which closed unchanged at 15 cents on 3,300 shares.
Trading 525,100 shares and climbing 29 cents to 40 cents was Anodor Minerals, which has an option to earn a 30% interest in the East Leitch gold property, near Beardmore in northwestern Ontario, from Falconbridge Ltd.. Trading 127,500 shares, Falconbridge slipped 75 cents to $28.13.
Now in commercial production at its crystalline flake graphite property about 120 miles north of Montreal is Stratmin Inc., which traded 148,400 shares and jumped 8 cents to $1.33.
Recently listed for trading on the ME was Aylmer Mines of Aylmer, Que.
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