Alberta Stock Exchange (September 23, 1991)

Trading heavily, Dunfrazier Gold Explorations picked up 10 cents to close at 65 cents during the week ended Sept. 17 as the company concluded a merger deal with Interlock Steel.

Interlock, a manufacturing company, has recently entered into a $1-million contract in the USSR for the supply and construction of a brewery and a restaurant. Contracts valued at more than $10 million for further installations in the country have also been tendered, Dunfrazier says. Heavy trading in both Durga Resources and Durvada Resources prompted management to issue a press release to explain the activity. As Durga soared to 70 cents and Durvada to 80 cents, the companies announced that site preparation is under way at the Chiquita gold property in Sandy Valley, Nev. The joint venture partners have budgeted $500,000 for an underground exploration and development program at Chiquita.

Trev Corp., formerly Trevco Oil and Gas, says it has recently expanded its Jamaican gold property to encompass over 44 square miles and has negotiated an option to earn a 100% interest in Jam-Can Resources’ adjacent licence. Geofine Exploration Consultants, a group made up of four ex-managers from LAC Minerals, has recommended an $850,000 program to evaluate drill targets on the property. Trev closed unchanged at 50 cents on the week.