Montreal Exchange NAR is active

The volume leader on the week, North American Rare Metals, got in on the Benoit Twp. excitement in northwestern Quebec by announcing it had purchased a 30% interest in 70 claims about three miles south of the gold discovery of Freewest Resources. The other 70% interest is under option to VSE-listed Inlet Resources. Trading more than 600,000 shares, North American slipped 2 cents to 10 cents. Freewest showed a gain of 13 cents to $3.75 on a volume of 127,000. The mining and minerals index moved up by more than 15 points during the week ended March 26, while the general market portfolio index declined by 2.7 points. Daily trading volumes ranged between 5.7 million and 7.6 million shares.

Ressources Miniere Forbex reported acquiring a 100% interest in the Poirier copper-zinc property in Joutel Twp. in northwestern Quebec. Forbex, which was off 2 cents to 12 cents on 60,500 shares, boosted its ownership by making a deal with ASE-listed Bonanza Metals.

Duverny Exploration, a subsidiary of Stratmin, and Nova-Cogesco Resources reported entering into an agreement (subject to regulatory approval) with Rio Algom Exploration whereby Rio may earn a 60% interest in the Duverny Twp., Que., property of Duverny and Nova-Cogesco. Rio has also been given an option to acquire an additional 10% interest. Trading 2,500 shares, Duverny closed unchanged at 40 cents. Stratmin closed unchanged at 60 cents with 15,400 shares changing hands. Nova-Cogesco, trading 10,700 shares, was unchanged at 20 cents.

Awaiting regulatory approval, Westmin Resources plans to bring its SB gold project in British Columbia into production. Westmin’s partner in the project is VSE-listed Tenajon Resources. Trading 600 shares, Westmin slipped 50 cents to $3.

Ressources Macamic said it has initiated a program of shallow drilling holes at its Morin Heights wollastonite property northwest of Montreal to check on a possible extension of a showing. Macamic closed unchanged at 12 cents on 80,000 shares.