Topping this week`s leader board was Val D’Or Resources, which recently re-negotiated an agreement with partner Abcourt Mines which could see the zinc-silver-gold Vendome project near the town of Val d’Or, Que., made ready for production within 12 months. Trading 514,300 shares, Val D’or slipped 11 cents to 56 cents , while Abcourt closed unchanged at 36 cents on a volume of 7,000.
Radisson Mining Resources, which gained 1 cents to 39 cents on 26,800 shares, has become the sole shareholder in Duquesne Gold Mines, a private company with a 75% interest in the Duquesne gold mine north of Rouyn-Noranda, Que. Radisson is hoping to have the mine in production this year. The first of several deep holes to test the Kerr zone from the 2250 level has been s tarted by Armistice Resources at the company’s Virginiatown gold prospect in northeastern Ontario. The property lies adjacent to the old Kerr Addison mine. Trading 42,800 shares, Armistice jumped 5 cents to 62 cents .
Encouraging results continue to be reported by VSM Exploration from a drilling program at the polymetallic (zinc and other metals) Grevet M property in northwestern Quebec. VSM, which dropped 6 cents to 47 cents with 86,200 shares changing hands, is earning a 50% interest in the project, which is being managed by Serem-Quebec.
Forbex Mining Resources will undertake an exploration program this spring on the zinc-copper Poirier property near Joutel, Que. Forbex, trading 1,500 shares and falling 4 cents to 25 cents , is a 50% partner in the project with Bonanza Metals.
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