Alberta Stock Exchange (March 09, 1992)

News about Durvada Resources’ plan to bring its Yellowhorse-Chiquita claims near Las Vegas, Nev., to small-scale production didn’t seem to cause much excitement among investors. Trading 66,700 shares, the company lost 1 cents to close at 74 cents for the week ended March 3.

Durvada is trying to generate cash flow for further work at the Sandy Valley property where the Yellowhorse-Chiquita claims are located. Durga Resources, with which Durvada recently announced a merger, slipped by 9 cents to 65 cents on 68,500 shares.

Neither did Trillion Resources’ move to acquire a stake in a small gold mine in central Zimbabwe spark much of a response. Subject to regulatory approval, the company is buying a 50% interest in Jena Mines Ltd., which operates the mine. Trillion closed unchanged at $1 on 29,000 shares.

A US$2-million program by Trillion and the Zimbabwe Mining Development Corp. (a crown corporation and 50% mine owner) to upgrade the Jena mine has been approved, said Trillion.

Calgary-based Trev shed 5 cents to close at 15 cents. TSE-listed Cameco Corp. continues to earn a 70% interest in Trev’s Stewart property in northwestern British Columbia. Trev said that Cameco has a program to further explore Stewart, which consists of 315 claims units, about 12 km northeast of LAC Minerals’ Red Mountain deposit.

NEBEX Resources, which announced it has optioned some Northbelt claims from Royal Oak Mines, was 40 cents bid, $1.25 ask on the week. The optioned area covers about 5,200 acres in the Yellowknife greenstone belt north of Royal Oak’s Supercrest mine in the Northwest Territories, which is scheduled to resume production next year, NEBEX said.