Hollinger testing manganese sample

Shipment of an 8,000-tonne test sample of manganese ore to a ferro2Dmanganese furnace near Montreal has been completed, Hollinger North Shore Exploration reported. Hollinger, a unit of La Fosse Platinum (TSE), said the sample was extracted last autumn from one of the company’s manganese deposits in the Schefferville area of Quebec.

The company said no deals will be signed until the grade and chemical specifications of the ore are known.

Hollinger boasts a preliminary reserve of more than three million tonnes in 40 separate deposits. About 30,000 tonnes of mainly near2Dsurface material have been extracted to date. A drilling program is planned for the spring.

Cost to extract the manganese test sample was $200,000, with some of the funding coming from a private placement. La Fosse completed the private placement involving the sale of 588,000 flow-through shares at 34 cents per share during the latter half of 1990.