Montreal Exchange Active market traders

Two companies active in a 3-firm, joint-venture platinum exploration project in northern Quebec, Messeguay Mines and Oasis Resources, were top traders this week on the Montreal Exchange, with Messeguay moving up 17 cents to 81 cents on a volume of 1,356,500 and Oasis gaining 13 cents to $1.35 on 1,086,400 shares. Messeguay may earn a 15% interest in the Delta project in Quebec’s Ungava region by spending $750,000 on exploration by Feb 28, 1 988. The third member of the joint venture is Falconbridge Ltd., which closed down 63 cents to $29.25 with 62,300 shares changing hands.

Last week, the exchange’s market portfolio index climbed to a record level and early in the current week the index rose to its highest level ever, 2063.92 pts; the latter part of the week, however, saw the general index head downwards. The mining and minerals index was in decline for most of the week.

Reporting encouraging assay results from a deep drill hole at the Vezza property in the Casa Berardi area of Quebec was North American Rare Metals, which climbed 25 cents to $1.65 on a volume of 446,000 shares. North American’s partner in the gold project is Dundee- Palliser Resources.

Aunore Resources has also announced encouraging drilling results from the old Elder gold mine property in the Rouyn-Noranda area of Quebec. Aunore, which traded 150,700 shares and closed down 14 cents to $3.35, has been drilling west of the old stopes between the 1,625-ft and 2,020-ft levels.

Trading 492,900 shares was the newly created Placer Dome, which closed down 88 cents to $25.25. The company, which is now North America’s largest gold producer, is a combination of Placer Development, Dome Mines and Campbell Red Lake Mines.

Yorbeau Resources has received a report, detailing ore reserves, from its consulting engineers which strengthens the company’s resolve to place the Aw zone on the Astoria gold property in northwestern Quebec into production during the latter part of 1988. Yorbeau closed down on the week 3 cents to $1.75 on 166,800 shares.