Area property holder Beaufield Resources reports it has granted VSE-listed High Frontier Resources an option to earn a 51% interest in a number of claim groups in Louvicourt, Pascalis and Vauquelin twps. Trading 48,900 shares, Beaufield closed unchanged at 25 cents .
Aurizon Mines says it will proceed with an assessment of its Beacon property, to test the potential of the property to host a base-metal deposit similar to the Aur-Louvem discovery. Aurizon, which slipped 3 cents to 35 cents with 64,900 shares changing hands, is proposing a $550,000 exploration program.
Other companies benefitting from the excitement include Cartier Resources, unchanged at 9 cents on 263,000 shares; Globex Mining, up 21 cents to 75 cents on 32,800 shares; Exploration Rogi, up 2 cents to 12 cents on 98,500 shares; and Consolidated Abitibi Resources, in which Aur has a major shareholding and which closed the report period at 75 cents . The holiday-shortened week saw the ME market portfolio move up almost 12.5 pts and the mining and minerals index gain almost 10 pts. Daily volumes ranged between 5.4 million and 7.4 million shares.
Among the week’s volume leaders was Abitibi Metals Mines, which is exploring the Jolin gold property in Carpentier Twp. about 30 miles northeast of Val d’Or. Trading almost 1.2 million shares, Abitibi gained 1 cents to 5 cents .
Preparing to have a road constructed to its Fern Elizabeth gold property near Atikokan in northwestern Ontario is Societe Miniere Mimiska, which climbed 4 cents to $1.34 on 12,100 shares. The company reports the discovery this year of a new zone about 1.8 miles south of the Elizabeth veins.
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